Investor's Edge with Gary Kaltbaum - THE DC EFFECT [06.05.2025]

Episode Date: June 5, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:00 At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at cbs.com or just come by store. We can't wait to meet you. Store hours vary by location. 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,
Starting point is 00:00:49 your host. A thanks for being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. Yeah, I'm laughing just a wee bit. Hey, it is, I'll explain the second. It's Thursday, June 5th. It's 2025. I hope you have a, are having a good day. Ladies and gentlemen, what we do here is serious talk on everything that affects you. We do the markets, the economy, your job, your industry, debt and deficits, doge, the big, beautiful bill, and whatever else that we think really does matter. today was one of those days.
Starting point is 00:01:36 We have told you that going forward that we are going to do a show. We heard from people when we wanted suggestions. We wanted to know what you think. And everybody wants us to start with the markets from the get-go. And then when we add the political side, we'll do that afterwards. but some days when we start with the markets, we have no choice but to do the political side, which is somewhat unfortunate every now and then. So I hope you don't mind as we do the show today, some serious crap happened today
Starting point is 00:02:19 that had some impact today on markets, on markets. So next up, if you do not get this radio show in your city, We'll post it at gary k.com. We'll post it on our Twitter feed, which is now X. And if you don't follow us, and X, you should. And if you'd like to email us, just be nice. And ladies and gentlemen, we're under the radar here.
Starting point is 00:02:46 You know that, right? We don't have millions. We should. And the reason we say that is because we're one of the few that have no bias. We have no ulterior motive, no agenda. We believe in we the people. We lost any love for anybody in D.C. a very long time ago. They have proven their lack of worth, 37 trillion of debt and deficits tell you that.
Starting point is 00:03:19 So let me tell you about today and the market, just so you know. Tesla dropped $45 today. I've got, excuse me, I'm going to take that back. I got it, including aftermarket, $50 today. Tesla. Volume was very heavy. And as you know, we have been saying to you on this show, well, they have some issues as far as selling autos around the globe. The numbers year over year have been very rough. And all the analysts that have been telling you they love Tesla have been calling about robotaxies and things like that. Well, something different happened
Starting point is 00:04:02 today. Elon Musk came out again. the Republican tax slash spending bill. And as a good American, he has every right to do that. We are against the bill. We like the tax cut permanency, but we believe that the Republicans have completely let everybody down. That is our opinion. And it's actually a fact.
Starting point is 00:04:38 the president went after Elon Musk today and threatened to take his contracts for SpaceX and whatever else away and Tesla stocks drops $50 today. Now we're not making an opinion on what and why. We're just stating a fact that because of something that happened out of D.C. today, Tesla dropped.
Starting point is 00:05:08 It's about $50 as we speak on very heavy volume. We'll get into the other part of the equation later. We want to stick with the markets. Palantir, probably one of the top five talked about stocks in the market. Well, it dropped today. I got it down $10.20 today, 7% in change. Republicans came out against Palantian. today. And you can time the drop with an article that came out on Palantir. They get a bunch of
Starting point is 00:05:47 their business from government. And there's a lot of questions on whether they are eyeing or spying or collecting data on Americans. And we don't know if that's true or not, but we're just letting you know because of something out of the Republican side today. And by the way, we're not ripping on the Republicans, we're just stating facts. A very popular stock got clonked today. And by the way, early in the day, it was 13285. It's 11970 as I speak right now. So definitive one-two punch, direct correlation between the ongoings out of DC and a couple of very important stocks. So I just wanted to start with that. What also happened today was the market was acting pretty darn well. But when it got noisy out of DC, and I do believe we can attach
Starting point is 00:06:55 it to that, markets got hit at the end of the day. The NASDAQ today closed down 162 points. but at one time today let's see three was up about 160 we'll see what tomorrow brings the Dow today finished down 108
Starting point is 00:07:21 am I correct yeah the Dow today was at one time up to 60 so we think I wouldn't call it confusion I would call it what the hell is this entered the fray today in the markets, particularly on two stocks and whatever.
Starting point is 00:07:52 We'll let you come up with opinions on a president threatening a businessman for disagreeing with a bill. But by the way, later in the show, as we have told you, we're completely against the bill. but if our back was against the wall and there was no other choice, I'd have to sign it because we do not want to raise taxes on everyone. And that's what it is. If you let the tax cuts expire, everybody gets a tax hike. And by the way, the scummy, sleazy lying media is out there saying that those tax cuts were only for the rich. Just remember, they're full of crap.
Starting point is 00:08:42 The rest of the market today, just some sore thumbs sticking out, if you don't mind. Costco. What have we been telling you about Costco? It's like the greatest company, right? It's fantastic. And by the way, they make a ton of their profits from the membership fees. Costco came out with their monthly number. Stock was down $41 today.
Starting point is 00:09:12 On its earnings report was up like 50. But we always say to you, how does this stock have a price earnings multiple of 60-something times earnings? And today, it was down a little. Just remember, a company like this growing 10% should be trading at 25 times earnings. It should be cut in half. But some stocks have this great premium in them because of who they are. Costco. So just letting you know that was a little bit of a sore thumb for me. I would love to own the stock. I'm not buying a 10% grower. No way. With 60 times earnings, especially a mature company. That said, a year ago was not, well, it's up about 15% from a year ago. I didn't own it. Oh, well, I wouldn't have mind owning it. so that stood out like a sore thumb what else today well besides the fact of we were hot early
Starting point is 00:10:20 and we sold off not much else stuck out but i always keep in my mind cause and effect we just came off of you know the tariff thing that may or may not be going on oh and in other news the president did speak to Xi Jinping Xi Jinping I think I'm pretty sure that's how it's announced today and the president
Starting point is 00:10:53 said the phone call went well but we didn't get really anything else out of that so we'll see what that brings we still have no trade deals even though they're calling the United
Starting point is 00:11:09 Kingdom a trade deal it wasn't. We'll keep informed up next more in the markets and then the real world. This is the one only Investor's Edge. Hi, I'm Gary Carlbaum, hosted a nationally syndicated radio show Investors Edge.
Starting point is 00:11:41 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, fixing,
Starting point is 00:11:57 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 complementary portfolio review. The number to call is 888-4-22-559. That's 888-4-22-5-5-9. That's 8-5-5-9. 888422 5559. Investment advisory services offered through call bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script,
Starting point is 00:12:42 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 CBS 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 stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach
Starting point is 00:13:14 ache 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 put it.
Starting point is 00:13:29 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 IHeart Radio. Listen now wherever you get your podcasts. Here's a quick podcast for all you true crime fans, the case of the missing Reese's. It was me at the store with my mouth. of um they're reeses what was that going to do stop myself tune in next time to see if i do it again spoiler i will wow that had everything reases suspense reases
Starting point is 00:14:16 on deck is built to back small businesses like yours whether you're buying equipment expanding your team or bridging cash flow gaps on deck's loans up to four hundred thousand dollars 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 OnDec.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 amounts 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.
Starting point is 00:14:59 The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. So we'll call it a wicked day today. The indices. Well, first, let's talk. Ten-year yield. Was down early, finished up today.
Starting point is 00:15:35 No biggie. What is the ten-year yield doing? Not a lot. All the talk of the Fed, what do we think? We think the Fed should do nothing. We'd be happy if they just plain old do nothing. The Fed. What else?
Starting point is 00:15:52 Oil prices. Just letting you know. They're kind of sort of fine. Oil prices right now are pretty much... Do you know they've been trading, going back to March of 22? Most of the time... I'm using the USO. It's an ETF.
Starting point is 00:16:14 most of the time between 65 and 75, hardly big swings. It's gone to 80 a couple of times. It's gone to 60 a couple of times, but pretty much 65 to 75. And oil prices have been calm. We don't mind that. Oil stock's not so good.
Starting point is 00:16:38 Pretty much bare markets. You got a few that act well and a few that stand out, but nothing great. But oil going down, interest rates going down, not the Fed, but real rates, always good news. And they are cooperating right now, not crashing or anything, but I call it cooperating. The major indices, the Dow, remains. the weakest of the big and just remember why United Health United Health is still let's see close the 296 was 606 3456 8 weeks ago so all I got to do is take out my little
Starting point is 00:17:30 calculator and realize that's 310 times 6.5 that's 2,000 doubt points Now, as you know, everything counts. But if United Health just was flat at 2,000 Dow points, of course, everything counts. The S&P, since it does not, United Health is not a big deal, is much better than the Dow, but is not taken out the highs. We had a crash, a pause, you know, the taco, and then the same pause on China, and then the pause on the European Union, Taco, Taco, Taco. By the way, we just use that in jest. We don't blame the president.
Starting point is 00:18:17 We think he's actually doing the right thing because they realized they were crashing the markets with those crazy tariffs that we don't think they will ever do again. At least we hope not. The NASDAQ. By the way, you know when I did the taco thing yesterday and mentioned Taco Viva. My favorite place when I was in high school in North Miami Beach, I got like 10 e-mail. from people that said they used to love Taco Viva. And one person emailed us and said they worked there in North Miami Beach. They didn't remember me.
Starting point is 00:18:56 The NASDAQ back up into big resistance from December, January, February, and have done the same thing and the same as the NASDAQ 100. And then there's the lowly Russell 2000 where, let me just state for the record, if it can break above 2115, that would be a help. Watch 2115. That would be a help. That is the high of about three weeks ago, and 2110 was the high in March. that said big caps remain
Starting point is 00:19:48 so much stronger than small caps and as I've told you last year I attempted a couple of breakouts on the small cap indices and both times I stopped out full and fair disclosure
Starting point is 00:20:06 I don't even want to look at them again it may have been three times I know definitely too and by the way when I mean stop out we lost a little bit we don't play around with the downside when we're wrong so rough day today rough finish it was kind of sort of all over the map today
Starting point is 00:20:29 what's tomorrow beats the hell out of me but I'm here to report to you important broadcom which has been really strong semiconductor slash AI stock is down about $10 in the aftermarket on their earnings report. That's as of now, that can change. So you're getting a little bit of weakness.
Starting point is 00:20:52 Nvidia's down three totally today. You're getting some weakness in the other semiconductors. When the strongest name comes in on earnings, and I'm seeing that as of this second. Not the end of the world because it's had a good move, but that could have an impact. tomorrow and of course it's Friday and the world's going nuts so you never know and again if that changes while we're on the air we'll let you know uh because the market's insane anyhow
Starting point is 00:21:23 but you what you want to do is check it out overnight also got to mention lulu lemon uh i got it closing at 330 and 78 cents you ready it's down 577 market it's down 57 bucks in the aftermarket. I'm wondering. I'm wondering if Lulu Lemon is saying something about tariffs. Oh, they see EPS below consensus.
Starting point is 00:21:56 That's what they say. Whoops. 57 bucks on Lulu Lemon. I'll continue to say, I don't understand people buying it Lulu Lemon when you can buy the same stuff elsewhere for a lot cheaper. But I guess, you know, why do I buy
Starting point is 00:22:12 Nike or Adidas versus something else. Brand name, right? So not a good clothes for Lulu Lemon. There's a few others in the aftermarket. If I see anything of note, we'll let you know. But the broadcom could have an impact if it stays that way. Actually, it's only down eight bucks now. Make that seven.
Starting point is 00:22:38 And that wouldn't be a big deal. We'll see what tomorrow brings. just a very eventful day today. I turned off the sound on my TV because I didn't want to hear it anymore. But what we want to do, though, you know how they've been saying, and the president's been saying the debt ceiling, and now he wants to get rid of the debt ceiling, our president. You know how they're saying you've got to pass this bill and don't worry.
Starting point is 00:23:16 about the spending? You know that, right? Well, we want to make sure that you know without any bias what we are all up against, and we're up against it. We'll explain as we move on. 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,
Starting point is 00:24:26 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. Reese's peanut butter cups. They go perfectly with music.
Starting point is 00:25:06 Podcasts. And welcome back to the show. Even nature sounds. Oh, and the thing where someone crinkles tissue and whispers at you. Hello. Look, I'm not here to judge what you listen to. I'm here to judge you for not eating Reese's while you listen to it. Reese's.
Starting point is 00:25:25 Ashley, go back to the nature sounds. Nice. Yeah, that's really nice. 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.
Starting point is 00:25:50 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 lender approval. listening to America is talking Investors Edge
Starting point is 00:26:10 He's got to be pleased with that The crowd is just on his feet here He's a Cinderella boy With Gary Colbomb Comes highly recommended You're gonna feel better if you talk to him And welcome once again to Investors Edge
Starting point is 00:26:33 Thanks for being with us today A Ikey day A lot of Jellu moving on the plate as we said Palantir by the way is now down $12 totally with aftermarket
Starting point is 00:26:57 Tesla down $53 today with aftermarket and the thought process is government the long arm of government Palantir was fine today and then an article comes out
Starting point is 00:27:13 that Republicans are pissed off and don't believe and they'll talk about how much money they're getting from government and the worry about spying even though Palantir came out and said, no, we don't do that. It didn't stop it from dropping.
Starting point is 00:27:27 And of course, Tesla, as we said to you, dang, that's all I can tell you. And I think the bloom is off the rose now on Tesla and the friendliness that's going on. What else today? transports were down and we've never gotten bullish on them they've rallied up a little bit the semiconductors were down they were strong early and they'll probably be down a little bit tomorrow because of uh broadcom financials Goldman Sachs was again teasing breaking some support and then reversed
Starting point is 00:28:09 and finished pretty good hanging in there but not much going on up trends there's not a ton of them breakouts. Some have worked. A lot of them have failed. European markets still stronger than ours. The Asian markets, not really. Tomorrow's another day. We're pretty much past earnings. We're entering the end of quarter real soon. And then starting the third week of July, we'll get all the earnings reports. but the big stories that have just really overtaken a lot. And remember, markets used to be forecasters of the future down the road, but now you're dealing with, hey, what's happening today?
Starting point is 00:29:09 And boy, oh boy, we've been dealing with it. Just trying to keep our head above water, being smart about it. no one things can change in a second. So, without further ado, who said this? No member of Congress should be eligible for re-election. If our country's budget is not balanced, deficits not allowed. Who said that? Donald Trump before he was president.
Starting point is 00:29:47 I guess not anymore, right? who said this? Hmm, interesting. And by the way, who said this in 2023 while Joe Biden was president? The federal debt has just topped 31.4 trillion. And the Congressional Budget Office now estimates federal spending for fiscal year 2023 will total $6.22 trillion or more than $197,000 per second. This is not sustainable.
Starting point is 00:30:23 Who said this? Speaker of the House Mike Johnson said this in 2023. But at 37 trillion, we should go bigger on the debt and deficits. Who said this? I cannot believe the Republicans are extending the debt ceiling. I am a Republican, and I am a Republican, and I am embarrassed. Who said this?
Starting point is 00:31:01 I'm going to read this one over again. I cannot believe the Republicans are extending the debt ceiling. I am a Republican and I am embarrassed. Who said this? Donald Trump before he was president. So Donald Trump said we should not have deficits and we should not extend the debt ceiling.
Starting point is 00:31:29 But now the opposite. Now you know why we're screwed? Everything changes when somebody's in power. As we've told you for years, spending and debt and deficits are their mother's milk because it goes into GDP and helps along the economy. Because it's just conjured up money out of thin air entering the economy. They know the game. So when I hear that Donald Trump is not a politician,
Starting point is 00:32:04 oh, he is a politician extraordinaire. I just gave you two wicked examples. And again, we have no bias. We don't care. We want good policy. That's all. That's all. We don't care who's in the White House.
Starting point is 00:32:30 Doesn't matter to us. If it's an R or a D or an I or the Whig Party, if they do a good job, we're all for it. well what we ended up with is just the same old same old this administration and this party are nothing but debt laden deficit spending gargantuan money spending out of control not caring a bit about it that's all and a person in Elon Musk who dared disagree Donald Trump puts out this. The easiest way to save money in our budget,
Starting point is 00:33:20 billions and billions of dollars, is to terminate Elon's governmental subsidies and contracts. I was always surprised that Biden didn't do it. So now all of a sudden, somebody disagrees with this president, I'm coming after you. Just letting you know. Just stating what he said,
Starting point is 00:33:43 we'll let you decide. Where this ends up, I have no freaking clue. All I can tell you, we completely disagree with the spending and the debt and deficits out of this bill. But as we stated, if there was no other choice,
Starting point is 00:34:02 we'd have no choice. Backs would be against the wall. We cannot have that big tax hike. And that's why the Republicans put this together like this at to put backs against the wall. They don't dare. put a good budget in there with that. So let's take advantage.
Starting point is 00:34:26 So we have no love for what they're doing and what they're trying to do. And by the way, what they will get away with. I will promise you something like this bill will get approved. The Senate will come around. There'll be some changes. They'll cut a couple of things maybe. They'll do this, that, or the other thing, maybe. But we're headed to $40 trillion.
Starting point is 00:34:55 4550 and the president he's gone in three and a half years case closed by the way broadcom is only down three dollars in the aftermarket now that's good to see by the way that symbols a v go by the way I take it back it's only down a buck 70 in the aftermarket it was down a buck 15 today that's pretty good I'll have to look over those numbers And just remember before you start emailing, the only thing we care about is we the people. They have proven to us that they are not on our side when it comes to doing the right thing and handling the checkbook the right way. Both parties, every one of them, every one of them.
Starting point is 00:35:56 We might as well have had on this, Kamala has. Paris. But I have to repeat, we do think the tax cuts making permanent are very important. That's why they put it together. That way. And that's our little stance come heck or high water. I think it's quite unfortunate what we're seeing. I feel like I'm watching a couple of 13-year-olds. The wealthiest man in the world and the most powerful man in the world. Fighting tooth and nail now. And that's going to be big headlines. I gather a couple networks going to have a field day. Up next, this, that, and the other thing, whatever else. I'm Gary. This is one only investor's edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script,
Starting point is 00:37:12 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 stomachache 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
Starting point is 00:37:56 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. Reese's peanut butter cups, they go perfectly with music. Podcasts. And welcome back to the show. Even nature sounds.
Starting point is 00:38:27 Oh, and the thing where someone crinkles tissue and whispers at you. Hello. Look, I'm not here to judge what you listen to. I'm here to judge you for not eating Reese's while you listen to it. Reese's. Ashley, go back to the nature sounds. Nice. Yeah, that's really nice.
Starting point is 00:38:48 On Deck 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.
Starting point is 00:39:04 OnDec delivers funding you can count on. Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On-Dec does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to... What are we waiting for?
Starting point is 00:39:22 Well, what are you waiting for? One, two, Ready go. Investors Edge. With Gary Kaltba. And welcome once again to Investor's Edge. And by the way, to see what we're dealing with, as the president now rips Elon Musk.
Starting point is 00:40:07 Let me give you a quote. Elon has never asked me for a thing. I mean, I got rid of the EV mandate, but he's never asked me for a thing. I think that's an amazing attribute. Elon is a patron. we want to thank you very much for the job you're doing. Now Elon's the Antichrist because he doesn't like a spending bill.
Starting point is 00:40:39 Yay, we move on. Where I don't know, but we move on. Markets pullback today, maybe a little bit more, but I think are acting pretty decently. Not everything. and I can tell you that breakouts hard to come by. The New Yearly Highless has never picked up in a very big way, but maybe that's because we were down so much.
Starting point is 00:41:20 I could tell you I went top-heavy with the big indices, and it's calmed down my movement, and if the big indices want to continue to perform fine, if they can ever bust out above the highs of December, January and February. And I'm not talking the Dow because that's a ways away. And you
Starting point is 00:41:46 still have a few stocks in the Dow that act like crap, but United Health again, the Dow is at 42 3, United Health is 2,000 points. In just eight weeks. Which, by the way, is still stunning. And by the way,
Starting point is 00:42:05 on that, I get so many questions on it and my answer is always, I don't know. That murder by Luigi, may him hang in a six by nine sell the rest of his freaking life, while some crazy people are giving them money and some women want to marry him. Yeah, you go marry a murderer. I think a big issue United Health has going forward is just remember they have been accused and they have not refuted how many claims they knock out on a percentage. On a percentage, basis versus everyone else. That's big time stuff. And if you know I, if you know us,
Starting point is 00:42:59 where there's uncertainty we will tend to stay away from. And dang, there was uncertainty back in April when it gapped down to 490. And even back then, we said to you, I don't know. but where there's uncertainty we take a powder it's now 2.95. The same thing with Boeing. I still remember a long while ago the two tragedies, the two plane crashes and the horrible response by Boeing. And I was consistently getting, don't you think, don't you think, don't you think, don't you think, don't you think. and I would say I don't know. And I can tell you, it is now, hmm, from the high was 19, so we're talking six years, six years.
Starting point is 00:43:57 The stock is at 209, the high was 446. I don't know. Stock is now acting better because they are now getting some decent size order. We'll see. They got a lot of reputation building. You know what they were just able to do I heard? Pay a billion dollar fine and no indictments. Isn't it good to be connected to government?
Starting point is 00:44:34 Feels like 2008 all over again. All the fraud and crimes committed by the heads of big financial firms, not one was indicted. They all made zillions afterwards. In fact, our government turned over $800 billion of our tax dollars to them to save their asses. And just so you know, one of them, Citigroup, should have gone out also. They let them do, they kicked Lehman out on purpose. They let Citigroup do a restructuring to the point where you know how bad it is?
Starting point is 00:45:12 It's $76. bucks. But it's really 760. The stock did a one for 10 split. So with the one for 10 split, the high in 2007 was 570. City Group 76 bucks right now. It pays to be good friends with the peeps in D.C. ladies and gentlemen. The latest that's going on that will never get done. Stock trading. Oh, we're finding out the trading of the many in D.C. that we would go to jail for for insider trading, they're doing it out of habit. We're seeing, not hearing, people on committees that oversee certain companies, buying into those companies, knowing there's decisions coming on those companies. And it's always in the way that they make the bucks, just so you know.
Starting point is 00:46:16 it's being reported every day there's actually Twitter feeds that do nothing but that there's actually a guy that's putting together a fund that follows the trading of our wonderful miscreants in DC I'd like to say it's funny but it's not it's sickening there's a call for the stopping of stock trading
Starting point is 00:46:47 they ain't getting done that's the problem the people that have brought us the 37 trillion of debt going to 40 and it ain't getting any better wish we had better news hopefully a better day tomorrow quite the day to day you turn on the news tonight you probably head would spin around 14 times
Starting point is 00:47:12 it's going to be the Musk Trump Battle Royal have a great evening drive carefully when you get home to like we do quite simple make sure you hug your family make sure you hug your children they will feel better you'll feel better I promise they will be well Serenity now. Good night. This has been Investor's 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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