Investor's Edge with Gary Kaltbaum - The Fed

Episode Date: July 26, 2023

garyK.com or https://garykaltbaum.com/

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Restrictions apply. See website for full terms and conditions. Investor's Edge with Gary Cultbaum. 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 Kalpom, your host day. Thanks of being with us today.

Glad you here, ladies and gentlemen. Happy that you are listening. It is the 26th of July, 2003. And we are going to be going over the things we don't understand. but not ignore, but put to the side. You'll understand when we get to it. Because as you know, we actually believe in the markets, one plus one typically equals two.

In the markets, we believe they are very good at telegraphing the future. But then sometimes they do very good. they do very weird things and we're going to cover it but first if you do not get this show in your city we'll post it at gary k.com we'll also post it at our Twitter feed

and you can follow us on Twitter just go there put our name in or press the button at garyk.com and as always you can email me just be nice that shouldn't be too hard, right? Just be nice.

All right. I didn't know where I even wanted to start today. I was thinking about what you may or may not be interested in. We are going to do the markets. Yeah, let's first start with the Fed. In case you didn't know, the overrated Federal Reserve that caused the inflation that you're still dealing with, raise rates again. In case you don't know, raise the rates called the Fed Funds. It's now 5.5.5. Instead of me explaining what the Fed Funds

rate is, let me just say to you at the close today, the 10-year yield was at 3.85, while the Fed is at 5 and a quarter, 5 and a half. If you would have told me six months ago that the Fed was 5 and a quarter, 5 and a half with the 10-year yield at 3-8, I would have told you the market was crumbling. But that's why we don't predict. We have no interest in predicting.

That's number one. Number two, while the 10-year yield is it 3.85. The two-year yield is 4.84. The one-year yield is 5.38. And I know you may be asking the question. Now, wait a minute.

Going out longer on the yield curve, shouldn't you be getting more there than the short-term rates? Well, you have been hearing about some. called the inverted yield curve. Here's another one. The inverted yield curve is where short-term rates are higher than long-term rates, and we're told has a 100% predictability of a big recession to come. It still hasn't happened. What do I think the outcome will be of that? well eventually those yields will come down the short-term yields will come down that's what we think is going to happen that's what normally happens if i had to put my money into these bonds

what would i do i can only tell you what i have done i have bought one year pay paper, knowing that in one year, I'm going to be taken out. And then I'm going to have to redo them at whatever yields are at that time. That's the deal there. And let me repeat again, if I had a buck for every person who said a big recession is coming because of an inverted yield curve, I'd have a lot of bucks. And I'm not making fun of them. The reason I'm I'm not making fun of them, because it does have an amazing history of predicting big problems going forward in the economy. But it hasn't happened. And what have we said to you?

There is no way in hell. We're having a recession when FedEx and Old Dominion freight. And a bunch of these other economically sensitive stuff are strong. That's just how it works. So there's a lot of cross currents that I can talk about and go over that are fighting against each other. We'll just play it as it comes, ladies and gentlemen. Simple as that. But just letting you know, I've been buying 5.4% I got yesterday.

for one year paper. It was zero. 18 months ago. Which brings me back to the Fed. I don't watch them. I don't watch the press conferences because unfortunately the journalists can't ask the tough questions or they lose their spot. They don't hold his feet to the fire. They act like he's some sort of a financial god.

When he acts like he's the frickin' economy. sentences coming out of his mouth like, we're going to try and we're going to, we're going this for the economy. One man is the freaking economy. It's 160 million people going to work every day, trying to do better for themselves and their family. So it sickens me.

And just remember, he took over the markets. He took over the bond market. He screwed you. and took rates to zero, creating all those bubbles. So that was the Fed today. And it looks like money market rates will tick up a little bit more as we move forward. Next, well, if you're unemployed, listen carefully, if you are unemployed out there,

or you're in a job that you don't think pay. enough and is paying much there is a 32,000 shortage of pilots, mechanics, and air traffic controllers. Now, I heard the air traffic controllers somewhat of a high pressure thing to do. I would think it would be. I'm just letting you know. They're telling us there's a 32,000 shortage of pilots, mechanics and air traffic controllers. 32,000 more we need. And I don't know if you know this, but they're thinking about raising the retirement age of pilots from 65 to 67. That's what I'm hearing.

We'll see how that plays out. I thought I'd bring that up. I must tell you, if I was unemployed and I couldn't get a job, and just so you know, they'll train you. I don't even think you need the college education. Well, I'd have to double check that. Anyway, next, the mega millions is up to $910 million, which means you probably get $500 million minus taxes if you take it all at once. So $500 million minus taxes at 37%. $5.5.1.85. You get out about 3.15.5.5.5.5.5.5. You get out about 3.15.5.5.

$315 million cleared and then you take that and get 5% on that and make $15.5 million in interest every year. Just letting you know I'll be buying some tickets. I don't usually

buy tickets until it gets big and if I win I will be wishing you all well because I'm gone. Now if it was a smaller lottery, I'd stay. But that's a lot of cake. And you pretty much want to go with the hiding.

And what I would do is create a foundation for behalf of it. And then any earnings off of it would go towards the foundation also. Just letting you know. So that's 910 million. Next. And by the way, we will get into the markets because I've got a lot to tell you. Hunter Biden, we repeat. It's not hard to figure out.

He's a crook. He's an influence peddling. piece of crap. He used his father and his father's involved in it and they try to shake down for millions, got tons of money for the relatives. We'll explain what happened next. On this, the one only Investor's 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 commitment. 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 80. 888 422-5-559. That's 888-4-2-2-5-59. That's 888-48-4-2-2-5-5-9. Investment Advisory Services offered through Call-Bomb Capital Management. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its

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with the goal of being 70% more productive. Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change

in the process, because the biggest change is not technology. It's getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st.

Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORA-Ida, Silk, Capri-Sung, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. Restrictions apply. site for full terms and conditions. It's time to switch on the integrator units and get the brain cells working.

You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, again, it's pretty simple. His father and him were shaking countries down, politicians down.

the family of the Biden's got millions and millions and millions of dollars. By the way, these are known facts. You may not know it if you're watching NBC, ABC, CBS, Washington Post, New York Times, and CNNBC, but these are known facts that they got millions of dollars and not just Hunter Biden, but other Biden's them also. So they're basically legal, illegal, they're just scum. That's all. But they're no different than Jared Kruy.

Kushner, a lot of artillery to the Saudis and getting $2 billion. No different than Hillary and Bill Clinton. By the way, the championship belt goes to Hillary and Bill Clinton and what they've done. It just continues. And you know it's true. You know why you know it's true. Because the media won't report it. That's how you know it's true. Now, interesting enough, just let you know the Hunter Biden plea deal unraveled today. don't know what it means, but I hope he has to pay the price for being a criminal and an influence peddling piece of crap. It's not going to catch his father because the media will black it out, protect him

like there's no tomorrow, and that's that, Hunter Biden. I thought it was funny. And then, you know, do you recall at the election time when they had Rudy Giuliani and that moron Sidney Powell out there claiming all kinds of crap and that the elections were fraud and they named people. They actually named people that had nothing to do with election fraud. Rudy Giuliani has come out and admitted he's lied. This piece of crap.

By the way, I loved him as a mayor. This is where I show you my no bias. I loved him as a mayor. What a piece of crap now. What a, he's being sued by these two women that he named. They had death threats. They had to have security because this piece of crap Rudy Giuliani would go on TV and name them. And now he admits he lied.

He lied about the whole thing. Remember, this is what convinced you that Trump won the election. And that's, I told you that Cindy Powell is in that case the day she was on. TV and I got crazy emails. You didn't believe me. And of course, Trump did the usual too. I just hit the Bidens, right? That's what Trump did. He created a defense fund to fight the election fraud supposedly. While he's telling all his friends at Moralago that he knows it wasn't fraud, he collects $200 million plus from all of you for defense front and didn't spend a dime on the defense front. And this is what we're dealing with.

Biden against Trump. Yay! Next. I have to mention the other things because I guess it doesn't matter if any of this matters if it's true. They have a bunch of UFO whistleblowers out on Capitol Hill today. They're calling it the biggest cover up in history. That there's definitely this and definitely that and there's definitely UFOs. And I'm thinking to myself, wait a minute. I'm a logical guy.

No, really, I'm a logical guy. I ask myself questions. If there are really UFOs, other living beings from other places around, and I'm not saying there isn't, but if there was, where are they? No, really? And I think there could be. But the logical question, where? These people, and I'm not saying they're lying, they were up there, they looked like they're telling the truth, they swear that this is that and the other thing and they know this, that and the other thing, and an aircraft that goes and then stops midair and then turns whatever and four eyes and two eyes. Where?

That's all I'm waiting for is where? yet to see it. I circle that. And now we move on to what I said to you, some things I just don't understand. And maybe one day, my not understanding will come to fruition. And that is,

I understand bubbles. You know, when you had GameStop and AMC theaters and these short squeezes, I understand that every now and that market, You get wild moves on stupid things. We're eventually people going to lose their arses. And they did. NFTs.

Have you read about the NFTs, by the way? Nobody talks about them. But there are people that spend 50, 100 grand VennifTs, and they can't sell them for a buck. It's just like gone with the wind. We warned you. But then you have real companies. And pretty much what markets pay up for, even in the short run, they usually pay up for good earnings and revenues.

What do we mean by that? Well, a company reports earnings and they were up 15%. Let's talk small, 15% year over year, which is fine for a big company. Sales growth, 10% year over year. And we're talking bigger companies. meaty companies, and then you have the transports. They were up another 441 points today. Let me explain why.

Union Pacific was up $22.2 today. The rails have been very weak. They had their worst earnings report in the last two years. The worst earnings report. Earnings were down 13, sales were down five. a major deceleration from four quarters ago, yet the stock was up 10% today. Old Dominion Freight was up 25 today.

Had their worst earnings report in a year, at least a year. Major decelebration from a year ago. Earnings down 20%, revenues down 15%. Rider in the transports. Their worst quarter and deceleration.

was up 7% today. Earnings down 19, revenues down 5. These are revenues. That's sales. That's business. And then I say, well, wait a minute. Maybe they said business is going to get better. That would make the stocks go higher.

Hey, we've seen the Nader. Notice the big word from your handsome and buffed host. Nader. Not Ralph Nader, but Nader. And then I went to look at their guidance. Up next, their guidance. Up next, the full markets. I'm Gary. This is the one only investors' edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing.

At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better, AI coming up with quantum or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before.

Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem.

To learn how IBM is building the future of computing, visit IBM.com slash quantum. This message is brought to you by Colagard. If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45 if you are at average risk. The Colagard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home.

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test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Hey, it's Ryan Sechrest for Albertsons and Safeway.

It's stockup savings time now through March 31st. Spring in for storewide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, ORAIDA, Silk, Capri-San, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings.

Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. You're listening to. America is talking. Investors Edge. He's got to be pleased with that.

The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you're tall. tool. So the next thing I do is I go look at guidance of these companies and you know what I got in guidance? Downside. They actually lowered guidance. Yet these stocks gaped up today and soared and they're not the first to do it. So just letting you know your handsome and buffed host,

perplexed. Is this a point in time where oh, they're going to get you in and then bury you soon after? Or is the market looking even past this quarter's down guidance?

Answer? I don't have a clue. We're just letting you know very strong reaction. and it's not just transports. How about Avery Denison? Kind of sort of office supplies manufacturer, barcode tabs, station, whatever. The stock reported earnings yesterday, the company, it gapped down pretty good on some real crappy numbers.

But it finished pretty decently. It only finished down a couple of bucks after being down $12 or $13. today goes up six bucks gets back everything it lost and more on a 27% drop in earnings 11% drop in sales just letting you know the way I'm looking at this I don't think you get bubbles in transports and economically sensitive stocks. So I'm trying to figure out what is the market seeing? And my answer is, I don't know yet. But we will figure it out. We will do our best to figure it out. The first thing we do is recognize the price movement and the gaps and see if we can get continuation.

But just letting you know, if earnings do not start playing catch-up, well, it's pretty simple. You end up with much higher valuations than a year ago. If earnings drop 25%, let's say from $10 to $750, but the stock goes from 100 to 150 off of that. Well, guess what's happened to valuation?

You got it. And guess what eventually happens to out-of-control valuation? And I'm not trying to talk these things down. I'm just going through the numbers here. And it's not just that. I can mention lithium motors that was up $28 bucks today, auto dealers. Their earnings were down 10%. For starters, I can do others.

So just letting you know, great day for transports. Arc best. Stock just gone from 100 to 120 with other truckers. Earnings down 48 revenues down 13. So this is going to be a great case study for me going forward. If all of a sudden their earnings start popping to the upside, it's going to tell you the market's a genius. If it hits a wall and the stocks crater and crumble because earnings do not come back,

then we recognize what we're looking at right now. So just how to bring that up and it's something we're going to be watching because we've seen bubbles, we've seen crazy moves. I'm not sure we've seen them in truckers and rails. and Union Pacific may have been up because of a new CEO, I don't know, but it was up big. Now, somebody had said to me, and it could be right. Government spending $2 trillion more than they did than the year before COVID, and we're told infrastructure.

So maybe. We'll go with anything. That's all I can tell you. We'll go with anything. Next. Facebook reported earnings. Just so you know, the stock was up $29 to $324. Then it went to only up six.

And now I have it up 13 in the aftermarket. All over the map. I've yet to see their numbers. That's Facebook. What they call it meta. I don't know where they changed it. Also of note in earnings, Microsoft, finished off the lows but still down a juicy on the day, a 13 bucks. Boeing, on a loss, but they said things are better, a very nice breakout on 376% of normal volume.

Seven-month trading range, pretty much flat range. opened up at 222, went to 228, backed off, and finished well at 232 and change. That's Boeing. So a lot of Jello moving on the plate, gaps to the upside, as I mentioned, Old Dominion Flate, Ryder, Chub, Boeing, ADP, Google. That had a good gap to the upside, but did nothing off the gap today. Was higher, hit 131, was a little bit lower, close. at 129.5 up 7 bucks. That's on watch. Numbers look pretty decent. Just overall,

another day of financials, some transports, weakness relative was, semiconductors, semiconductors, and a bunch of tech. Tomorrow, another day. We're just still scratching our head. What's with the Good on them. If you can tell, we actually think about these things. We are price and pattern, but we think about these things. We've always known that the best stocks are the ones with the strongest earnings and revenue growth. So we need to see decent moves on crappy decelerating and dropping earnings and sales growth. Questions? Our to be asked. So we ask them. And I gather three months from now, in the next three months, we'll get a lot of answers on what's going on one way or the other. Still to come is Apple,

Amazon. Netflix continue to sell off today. Tesla continue to sell off today. So those are bad reactions. So you've had some good, had some bad. And much more to come. I mean, a couple of thousand earnings reports in the next two to three weeks. Yay. And as we explained yesterday, how we keep up with them, we work at it. Simple as that. We work at it. And as always, if anything changes, we always let you know. And there's been a little couple of changes here and there in the last few days. Airlines, we think, a little topy. We did say auto dealers, but the earnings come out and a couple of them popped. A couple of them are still weak. Oils, flattish today. They've been decent. And financials, another decent day. A regional bank got bought today that was probably going under,

PACW. And I think the market like that. Another save for another regional bank. And I want to repeat something I said at the outset. If you had told me six months ago, the Fed would be five and a quarter, five and a half with the 10 year at 3.8, we would have thought the Fed went too far and it would affect the markets. And as of this second, nope. Up next, I don't think we gave out the numbers. This is the one only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing,

whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before.

Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum.

This message is brought to you by Colagard. If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people, with more than More options than ever, it's key to start screening at 45 if you are at average risk. The Colagard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home.

With just three simple steps, setup, sample, and ship, completing your Colagard test is easier than finding the right track on your mixtape. If you're 45 or older and at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Do not use the Colagard products if you have had adenom which are a type of colon polyp that can sometimes become cancer. Inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer screening method within that test's recommended screening interval.

Coligard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Hey, it's Ryan Seacrest for Albertsons and Safeway.

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

Restrictions apply. See website for full terms and conditions. You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Kaltba. And welcome once again to Investors Edge.

Thanks for being with us today. Hope you're taking it in stride. We mean business here, ladies and gentlemen, with no agenda, no bias, no ulterior motive. When it comes to them, when it comes to us. that's why we take them all on and we remain to this day amazed

how people are in the camps of love in one or the other because they're in the Democratic Party, the Republican Party. You think they're doing anything for you? They keep telling you they are. They don't do anything for us. They've hamstringed us forever. Monstrosity of Social Security

where we've got to depend on them sending us a check, our money, they're sending us, and they stole it, and we're getting paid Social Security with other people that are working today, that's what you want to vote for? Oh, because it's my party. You think one does better than the other? You think one's nicer than the other? You think $33 trillion? They spent more than they were supposed to, $33 trillion?

and then one side's nicer than the other? That's a crime. Seriously. And that's how you end up with a George Santos getting elected, and Elizabeth Warren getting elected, two frauds. Two mitigated frauds. Because people get into this little tank. It's my side.

My side. There's no side anymore. They're all the same. The marbles move a little bit different. here and there, but they're all the same. Oh, one's for this, one's for that, I gotta like this, I gotta, I got a news for you

when they're all said and done. Think about it, what are they doing for you? Nothing. Are schools? Have you seen the grades? That's run by government. The unions. It's the most important thing we got going is

these schools and they're failing. And they're lowering the standards for our kids. guaranteeing them that in the districts that are lowering standards, when the kids go out into this world to compete, they're screwed. And you like that? How about the defund the police idiots? You know, those politicians that have their own security,

but let's defund the police in your neighborhood so more crime picks up. Sure. Or how about these socialists? You know, the ones, what is it, Ilan Omar? Socialists with our money, capitalist with us, three million bucks of our campaign money given to our husband for his business.

I'm sorry, corruption. This is what we're dealing with. And do you know why there's no third party? Because of the money. Campaign finance reform. They said they would take money out of politics. It made it infinitum. Who did it?

The same people everybody loves in each side, they're laughing at us. They're getting a kick out of it. They're committing insider trading violations that we'd go to jail for. Yet, let's go ahead and give one person a rousing applause. I'm done. Today's market rap is brought to you by Investment-Models.com. That's Jim Roerbeck, one of the great market timers.

No gray areas with the man you're either in or out of the market. With his proprietary indicators, go check it out. investment dash models.com. Dow up 82. It was all, well, it was more than Boeing. Boeing was up the equivalent of 18. It was 7107, 7, 757. It was up about 130 Dow points.

The Dow was up 82. Microsoft offset a little bit was down 13. Those who own Microsoft, if I own Microsoft and I had cushion, I'm not so sure I'd be selling it just yet. Numbers look pretty good. Just not a great reaction. We'll see.

So that offset it. And just financials had another good day. Transports had a good day. Semiconductors did not have a good day. With the Dow Up 82, the NASDAQ 100 was down 62, and the semis were down 56. But the semis have a way. Crappy Wednesday, great Thursday. That's what they've been doing recently.

whether or not that happens again tomorrow, I do not know. But it's had that little reputation as it's held support on pullbacks. We will let you know, listen carefully, if anything cracks from here. There's nobody better out there than us, just on that part, which is the big differentiator, if that's a word. we will know when things are cracking because we know how to read when things are cracking and while there's some stocks and some areas that are cracking on the whole they ain't but just be ready just in case these moves on crappy earnings get their wake-up call one day now there's

be a lot more earnings to come in the days ahead after the close facebook's up uh lamb research is up little bit after having a rough day, looking at a few others. Oh, there's a bunch more after the close. And as we've told you, we'll be spending an hour after the show, going through all the earnings reports, all the reactions from today, and trying to figure out life in general. And then we close our eyes, hold our nose and pray. Of course, we've tried that too, and it does not work, so don't you try it either.

Research gaping up may help the semis tomorrow. We'll see. If the semis crack, that'll be of note. Because the semis are quite the leader of markets. Transports up 441 today on the back of a few names just going to the upside. And again, call us perplexed. We don't understand how very bad earnings to the downside and guidance to the downside lift stocks.

We'll find out soon enough. Tomorrow, be on with Varnie and Company. Stuart Varnie, 10 a.m. Fox Business Network. Don't miss that. And until tomorrow, the same time tomorrow, this show. You have a great evening drive carefully. When you get home, do 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. I'm exercising again. Lifting weights finally. Back's better.

We hope. Take care all. peace out bye bye this has been investors edge with gary cult bomb on biz talk

to listen to past episodes or to get in contact with gary go to gary k.com that's garykay dot com hey it's ryan cress for albertsons and safeway it's stockup savings time now through march 31st spring in for storewide deals and earn four times of points

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