Investor's Edge with Gary Kaltbaum - THE MEGACAPS [06.12.2024]

Episode Date: June 12, 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 Colpom, your host. A thanks of being with us today.

Glad you here, ladies and gentlemen. Happy that you are listening. It is the 12th of June, 2024. Hope you having a good day. Let me get past the introduction. and then we're going to get right into it. Got to cover a few things we haven't covered in a while. If you do not get this radio show in your city,

we'll post it at garyk.com. We'll post it on a Twitter feed as well as a bunch of podcast apps. No, really. And if you don't follow us on Twitter or X, you should. And if you want to email us, just be nice. And in case you don't know, this is serious talk on everything that affects you. Your money, the markets, your job, your industry, everything else under the sun.

We have no bias, no agenda, no ulterior motive. we take on all comers. And there's a lot of commerce out there, ladies and gentlemen. Okay. In case you don't know, today was a Fed day when the central bank meets for two days and then announces what they're going to do with interest rates. Those that follow this, and if they watch financial, listen to financial radio and pundits and TV and stuff, you hear this question a thousand times, is the Fed going to lower rates?

What is the Fed going to do? When are they going to do it? How much are they going to do it? And we've said to you, they don't matter. And we get no real coverage of that. I say it all the time on TV, but it gets past because the next person gets asked, what's the that going to do. And I've put the question out there for a long time. What do they do anyhow for you? They don't affect you. They don't affect your industry. They don't affect your job

unless they are doing something they were never supposed to do. And that's out of thin air, print money. I don't know when we got, well, I actually do and I'll get to that in a second, but how did we get to the point where one person can print out of thin air trillions of dollars? Well, in case you don't know, it really all started with who I call Ground Zero Mr. Bubble number one. Ben Bernanke. Let me explain. A bunch of crooks. And they know who they are.

I would say it to their faces. a bunch of crooks on Wall Street committed massive fraud, as well as took ridiculous risk beyond the beyond, and they lost their asses to the point where Merrill Lynch, Wachovia, Countrywide Financial, Bear Stearns, Lehman, others, city group would have been going out but got saved. And there was some others. And what did our central bank do at the time to save the day?

As we have told you, there's this huge kissing of the arse between DC and Wall Street. So DC saved the crooks. And how did they save them with our money? 800 billion of our dollars were handed over to a bunch of crooks that committed massive fraud and took ridiculous amounts, ridiculous amounts of risk on these things called mortgage-backed securities. They gave the crooks our tax dollars and we got nothing for it. There were people that took bad loans off of their books before earnings and put them back on after earnings. There were people that leveraged mortgage-backed securities 5 to 1, 10 to 1, 20-to-1. There were people like Goldman Sachs that made, came up with mortgage-back security products and then sold them and then shorted it immediately because they knew.

how crappy they were. You have rating services that somehow got to stay in business, even though it is well known because there were texts and emails between people there that they were rating things

that should have been triple Z as triple A. And the house was coming down. So what did Ben Bernanke do? And what did the politicians do? They came to us said, we need to save the day. And they did it with $800 billion of our dollars. Oh, but don't worry,

what else happened? Ben Bernanke starts printing money out of thin air and flashing it out for everybody except us. And these people on Wall Street got saved by the central bank. And these sleazy, slimy, scummy, politicians. By the way, have you seen how many people on Wall Street become in the administration treasury secretaries or something in that realm?

And then go back to Wall Street and make millions? It's a cesspool. So Bernankees started printing money. And you know what Bernanke said when he started printing money? And I'm paraphrasing. Oh, this won't last a while. This won't last too long. We'll get rid of it.

Well, they never did. You know why? If I gave you an unlimited credit card, would you ever want to shut it down? Hell no. He used it as an unlimited credit card, and he just printed. And never turned back the clock. Fast forward to Jay Powell, who made Bernanke look like a nothing. because Jay Powell only cared about the stock market.

Don't believe what somebody says, ladies and gentlemen, watch what they do. You ever hear that line? Forget what they say, watch what they do. Forget what they say, watch what they do. And Jay Powell was very upset at the end of 2018 that the market was taking a crap. So he changed this stance on raising rates and said, won't anymore and the market turned around and then the market started coming down again all a sudden he's going to lower rates even though the economy's strong he didn't want the market going

down and then he lowered rates again when the market waffled again and then he lowered rates a third time and then the market still wasn't listening he announces printing of money even though we had 3% GDP and like 3.5 4% unemployment what the hell's going on here and then we got to COVID and he prints to $9 trillion. Now, I know that's just a word, trillion. I know it's just the number, trillion. It's gargantuan. And we warned you here, and we still get no credit, but we don't care.

But we warned you here and said to you, boy, we're going to get a crap load of inflation. And I said to you why. If you look up the cause of inflation, there's a line that says, too much money chasing too few, fill in the blank. Printed to $9 trillion. And guess what we got? We got massive inflation. And while he printed to $9 trillion, he also took rates to zero.

What did that do to you? It screwed you, Aunt Mary and Uncle Bob, your savings. Remember, you were getting 3% and 4% on your savings. You got zero. You got zero because of one man's whims. And then what would it do? We told you what it would do. Bubbles.

We got bubbles up the wazoo. The meme stocks, the SPACs, the marijuana stocks, all kinds of crazy valuation on IP. You name it, NFTs. And then the inflation hit, as we told you. And as usual, since Jay Powell is not, elected, he selected, no blame. They got blamed for being wrong

because they don't know what they're doing. We keep here and they're in control. Control of what? So when inflation was picking up and we're on this show every day and saying, inflation's picking up, inflation's picking up, it's going to worsen.

We're on TV saying it. Nobody's listening. well inflation got out of hand but they were dragged into changing their stance they called the transitory they look like idiots that they are and I'd say it to their face by the way they're idiots

they don't know what they're doing up next we'll bring it to today I'm Gary this is the one only Investors Edge Hi I'm Gary Culpom 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 888-4-22-55-9. That's 8-8-5-9. That's 888-4-2-2-5-9. Investment Advisory Services offered through Call Bomb Capital Management. Guys, it's no use putting it off. time for an underwear refreshes 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 Venture X card. Venture X 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. 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. Spreaker, 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 me.

Be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, him and Janet Yellen, and poor Biden, it's transitory. Don't worry, it's not going to get bad. And, of course, it picked up, and then what did they do?

They lied. That's what they're good at, Biden. Oh, it's now the Putin price hike. Even though we said it was transitory for six months, It's now Putin's fault. You know, they lie for a living. So finally, they realized, holy crap, how stupid can we be? So they had to adjust.

And how did they adjust? Well, you can't keep rates at 0%. Why? Because the market was yelling. You know what the market was doing? The free market, he couldn't print money anymore to control the markets. So the yields were going up on their own. Why were yields going up on their own?

Because he couldn't control him. anymore. When you print the $9 trillion, that's when you matter. That's when you matter. And then he had to play catch up. And he did. Kept raising rates and raising rates and raising rates and raising rates. And raising rates. But all he was doing was catching up to the free market. The markets were yelling and screaming. So the 10-year yield, which is the most important part of the equation, finally, found a place, and it's in the fours, but every day all I keep hearing, what's Jay Powell's next move?

And I'm thinking to myself, it doesn't matter. And I'll be on tomorrow, they'll ask me when do you think they're lowering rates, and I'll say it doesn't matter. Because the 10-year yield is at 4.295 at the close today, and that's what matters to your mortgages and so many other things, and the fed's at five and a quarter.

if anything, they're way behind. And who knows what repercussions will come from that. And remember what are the distortions they created? The 3-7. They screwed you on your savings, but you would get mortgages at 3% if you were buying a place and who the hell wants to sell a house with a 3% mortgage if you're going to trade it in for a 7.

So there's no inventory. And that forced prices up. And what did that do? People couldn't afford homes. So there was no movement in the housing market. And then what happened because of the distortions? People went to rent. And so many people went to rent, it forced up rent.

And people couldn't afford to rent. Distortions. Up the freaking wazoo. Distortions. And therein lies why I don't understand why they continue to worry about what this guy does when all I want him to do is nothing. If the central bank died today and went out of business, no problem would come of it. if the central bank went by the dodo bird no problems would come from it

they are meaningless they don't matter because they are now way behind that's it but every day it's what are they going to do and we the people is what we've been telling you 160 million of us go to work every day

we're the economy not a guy sitting behind the desk and whether he's going to lower rates a quarter point or a half point or do this or do that and it is so nauseating to me nauseating that we got to continue to listen to this crap

that was today just letting you know welcome to this government takeover of our lives the essential banks printing of money and jerking things around and what was the other part

they did enable the word enable that's the other part when you take rates to zero you enable massive amounts of debt Why do you enable massive amounts of tents? When you rig yield so low, the people that want to issue debt are going to do a lot more. And guess what happened?

Bingo. We're at 35 freaking trillion dollars of debt. Grow in leaps and bounds. You've got a Marxist control freak running the country that will look into the camera and say, I've lowered the debt and deficits while he's running a two to three trillion dollar deficit this year while they tell us Trump is a liar which by the way he is

but Trump is a piker when it comes to lying compared to this guy and now a trillion dollars a year plus go to interest on that debt. not on the roads and the bridges and the streets and the grid and the elderly and the children and the infirm but to interest and these scummy economists that are in the tank are out there saying well it's just it's the percentage of the GDP no it isn't these are hard dollars these are real dollars that are going down the shoot because of it it is It is the complete abuse of you and I. With some areas worse than others, look what the hell is going on in California. They're insane there. And look what Biden's trying to do now.

It's spend first wealth tax. Raise the capital gains tax, the long-term capital gains tax. An unrealized tax, you don't sell your asset, but if it went up during the year, you got to tell them and pay taxes. This is sinister. Get rid of the Trump tax cuts and say it will only affect people above $400,000. When Trump tax cuts were for everybody from $1 and lie about it, this all intertwines with everybody's worried about what the Fed's going to do.

You know what I'm worried about? A couple of weeks ago I said, I want to hear from all you about your industry. Send me an email. Let me know how good your industry is doing, how's your job, what's going on. That's what I'm worried about. The real world, if you're in the boating industry, you're selling a lot of boats. If you're in the housing industry, how's it going? But no, one man behind the desk.

Up next, crazy market, we'll have it all. 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-chafe thanks to four times more stretched 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. Venture X 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 Sprinker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin's 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. 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 Coltbaum. You're going to feel better if you talk to. If I told you the Dow was down 35 today, but the market had a fabulous day. Well, my area of the market had a fabulous day. That's what happened today.

Don't ask me why. We just follow the bouncing ball. What do I mean? Remember we told you yesterday? What did we do with you yesterday on Apple? we said well we're just letting you know we're going to just describe it via apple broke out on monstrous volume above an 11 month trading range the longer the base typically the better the move but apple is a very low beta name we'll see how it goes apple hit 220 today it was up 13 at one time did finish up six

but for an apple to move that much in such a short period of time holy crap Microsoft, another big one, up 8 and change. Huh? The NASDAQ 100, up 1.4%. And it'll be up tomorrow morning also, I'll explain the second. The semiconductor holders, SMH, up 3%. And it'll be up a little bit tomorrow morning. We'll explain the minute.

KLAC up 30, Lamb Research up 38, micron, up 6. Taiwan semi up seven. NVIDI up 42. It's up $4.20 some odd cents. Before the split. Qualcomm up seven. And the list goes on and on. A semiconductor, artificial intelligence, technology, free-for-all today.

With one added thing. You know one area we've been telling you to be careful about, and for good reason. they're waking up a lot of the software stocks led by Microsoft of course the big guy with the Dow down 35 the NASDAQ was up 264 holy crap and the NASDAQ 100 up 254 holy crap just letting you know between Apple and Microsoft we're talking about 80 some odd Dow points and they were better and then we get the aftermarket again this coming under the heading of wow and what do we mean by wow we have been telling you about semiconductors and how companies reporting flat earnings down earnings but they keep

going up we reported to yesterday about Oracle Oracle announced a 2% drop in earnings and a three and just 3% growth of sales a major deceleration of both but they mentioned artificial intelligence 7,000 times and the stock was up 13% today, and this is a big cap stock. So Broadcom, by the way, a name I would have been buying in the last couple of days, if not for earnings, they report earnings. And we're not making this up when we tell you, Broadcom announces $10.96 up a whopping 5% earnings growth. Oh, but they announced a 10-for-one stock split. stock is up because of the stock split,

$135 in the aftermarket, which is only about 8%, but for a big cap is a lot. So the semis won't be unhappy tomorrow morning. The good news for us, we park our carcass in the areas

that are just what else benefited today? Well, I forgot to mention we had inflation number that they tell us was better than expected. Okay. Don't worry, we will not get any bad reports into the election from our government. Do not forget that. The yield went down more than a point to 4.295, so guess what, bounce pretty good today. Housing, housing related, but way off the highs.

So I'm not so sure they're going to get going. You got better tone today and some of the economically sensitive but you know one of my favorite names is United Rentals it was up $40 today and finished down $3 what's with that so let's just say

now it was all hell the good news is it's in our wheelhouse we don't know how long it lasts or how far it goes but it is getting even more a technology slash semiconductor slash artificial intelligence and we'll throw in better software now Dow, down 35

the S&P was up the equivalent of 300 points why technology huge technology in the S&P versus the Dow. And if you look at the Dow, I got three, four, five, seven stocks up, 23 down. The saving grace today was Apple, Microsoft. And I will say Home Depot bounced eight bucks. Why? Lower rates, housing, housing related.

But even that was up much better and fell back. And there's your story. I don't even need to go too much further because I scanned 3,000 stocks today. How do you scan 3,000, Gary? I did it twice. It's so narrow on where the strength is. And it got narrower today. And by the way, the AD was not bad today.

But when I do my scans, I'll say, okay, so that one was up. but it looks like crap. So it does not go into the wind column, except it had an upday. What we are looking for here are launching pads and rallies. Apple was a launching pad yesterday. The move it's made is ridiculous already for the size of company, and that's why it came in at the end of the day.

We'll see what tomorrow brings. And the semiconductors just rate a big wow and now another 10 for one stock split I wonder if broadcom would be up like it is without that 10 for one but we're getting a bunch of those now it's a little bit now a follow the leader I think Amazon did a 20

NVIDIA just did a 10 soon Chipotle is going to have a 50 now Broadcom's going to have a 10 that NVIDIA that was worried about doing the 10 for one, so far so good. Yay. There's your story. If you own oils, you're not happy.

If you own managed care, you're not happy. If you own transports, rails, truckers, and all that crap, you're not happy. If you own commodities, you're not happy. If you own China, bigger pullback than I even thought. You're not necessarily happy. and any other areas that we think stink, you're not happy. By the way, housing bounced today, but you're not happy. If anything changes, we will let you know.

We'll see what Broadcom does for the world tomorrow. But if it's only up because on a 10-for-1 stock split, we'll see. We'll see. There's your story. And by the way, nothing personal. when I discuss J. Powell and these people, but they are the most overrated. They're all overrated, ladies and gentlemen. Look what they've done, $35 trillion of debt.

Let me finish up this segment by saying, GameStop was down another $5 today. And we hope you are not involved on the downside. We hope you were involved on the upside. and we remain stunned that anyone would follow that clown. Up next, news of the day. Whatever else, 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 Venture X card. Venture X 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 Spreker. 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 Microsoft.

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. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Wester's Edge, with Gary Kulp. All right. This goes hand in hand with the problem. everything is about getting re-elected the day after one's elected so here's the preface all racism should be kicked into nuts we believe everyone

as long as they live within the rule of law if you're a crook little different story everyone should be treated equally and I remember I remember when the George Floyd incident happened people were going nuts

the politicians were going insane all the sudden we were all racist you remember that we're all racist against blacks the cops are racist you remember all that

the politicians came out and generalized us. Not just, not the racist people, but us. And they didn't let up. They didn't let go. There were some cities that abolished a lot of their police and of course crime picked up. We are now seeing video on a subway car. A bunch of these

terror-loving, Jew-hating animals. One man stands up and says, any Zionists on this train, we're giving you a chance to get off now. They bloodied up the homes and the front doors of synagogues and homes of Jewish teachers. They're blocking Jews from walking around

free wherever they want to walk around, whether it's on campus or not. not. They're in front of the White House, death to Jews, holding up a bloodied head of Joe Biden, wearing We Love Hamas shirts, and threatening to murder Jews. The media is reporting none of it. they've gone on snooze. I'm waiting to turn on the national news to have them report this stuff. Nothing. Nothing.

I'm waiting for the President of the United States to come out like they did. Nothing. Yeah, we don't like anti-Semitism. It's not good. Nothing. this is just indicative of them all calculating what should be said or not said based on an election coming up, not giving a crap about what's going on. And I may get an email, what does it have to do with the market?

Well, these are the same people that have taken us the $35 trillion of death. I can go on and on. imagine if the Ku Klux Klan entered a New York City subway in their robes and yelled out, all blacks get off the train, or else? I got news for you. I would stand next to the blacks and protect them. I'm waiting. I'm waiting. I'm waiting. so this selectiveness is it going to be you next?

That's the question. Is it? You know, in Nigeria, they're executing Christians. Have you seen any protests? In Haiti, they are eating people. Have you seen any protests? In Russia, they are murdering Ukrainians and raping the women. Have you seen any protests?

In North Korea, the guy takes hellfire missiles and kills his own family and starves his own people. Have you seen any protests? In Syria, Bashar Assad mustered gassed his own people, half a million plus, and that's the count they have. Any protests? China estimates a million. million Muslims packed away. Any protests? Nothing. Biden and the rest have decided, let's be as quiet as we can be and just selectively come out. We're kind we can only like that. We're just reporting the news. I dare any of you to turn on the TV to any national

news and watch them not report this heinous stuff going on in our subways, on our streets. We were told it was a hate crime. It looks like it's only a hate crime for select groups of people. That's what it's looking like. I have told my sons, if they go on the subway, watch themselves, and be very careful. I don't think I'd be that careful because if somebody on a subway if there are any Jews I'd stand up and say I'm a big Jew what are you going to do about it that's what we're now up against have a great evening drive carefully I'll be on with

Varnie and Company tomorrow 10 a.m. Fox Business Network sorry to harsh your budge but we buzz what we deal in reality here and when you get home do like we do it's quite simple make sure you hug your family make sure you hug your children they will feel better you will feel better. I promise. Stay well, be well, serenity now. I should have ran for president. Good night, all. Bye-bye. 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. 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. Venture X 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.