Investor's Edge with Gary Kaltbaum - The too big beautiful bill [06.03.2025]

Episode Date: June 3, 2025

https://garykaltbaum.com/...

Transcript
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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 00:00:48 your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you're listening. It's Tuesday. It's June 3rd. It's 2025. And as always, serious talk on everything affects you, the markets, the economy, your job, your industry, debt, deficits, tariffs, big, beautiful bills that are too big. Elon Musk, who agrees with me 100%. Do you know why he agrees with me? because I'm right 100% of the time when it comes to what they are doing in D.C.
Starting point is 00:01:39 But we'll get to that later. What we do now is introduce and do markets. If you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on X, you should.
Starting point is 00:01:57 And as we promised you, we will be doing some YouTubeish sooner rather than later, where you will be seeing me as we do the show and do charts as we do the show. Just ironing that out. And if you'd like to email me, you just have to be nice. Markets. Have you noticed, by the way, going foot. unless something really sticks out. This beginning of the show, the middle of the show, will be pure markets.
Starting point is 00:02:38 Area, area, area, important stocks, the market itself, any of the on-goings, will describe it, will let you decide it's your money. Yesterday we had said to you, the market looked to be setting up. to go higher. Now, what does that mean? Well, if the markets are set up to go lower, they're not going higher. What? What are you talking about? Well, as we have taught you and as we have told you, markets, in bullish markets, set up certain ways, act certain ways, look certain ways. In bare markets, They act certain ways. They look certain ways.
Starting point is 00:03:33 And they deal with it certain ways. Throughout the years, we have said to you, avoid this area, avoid that area. This area is leading. This area is lagging. You see, it would be too easy for... When you turn on the news, they tell you what the Dow S&P Nasdaq does. There's 200 sectors we follow. And how often has the market been strong?
Starting point is 00:03:57 and we have said to you, avoid these 15 areas. That's what markets are about, different areas, different stocks. So yesterday we told you the market was set up to go higher. That's all. And what that simply means is we had rallied up off of the backing away of the tariffs or as they are saying taco. I think that's pretty funny, by the way. no and that is not a rub on the president he had no choice he crashed the markets he couldn't
Starting point is 00:04:35 keep crashing the market so he had a back away from the tariffs do not believe a word he says about no it has to do with this and that they were scared crappless that they were crashing the markets so for the last three weeks after a move up the markets had settled down they were sitting down they were hanging out simple as that. That's a potential setup for higher prices. What do we tell you? We look for stair steps. Just draw stair steps going up.
Starting point is 00:05:14 That's what we look for in markets. You go up, you make a right turn, that's a step. And if you don't even pull back, you just sit there that tells you there really aren't any sellers. We're talking the market now, not individual areas. And what's happened recently off of the latest taco, which was the China, the backing away from those big tariffs, the market has settled down. And then the backing away from the European Union tariffs, taco, we came into last Tuesday, gaping up, and that kept us range bound, set up, potentially. potentially doesn't mean it has to happen well today the Dow is up 214 s mp 34 NASDAQ 156 NASDAQ up 170 the semiconductor is up a juicy 130 all this artificial intelligence talk that's back there's all this talk now on nuclear we'll explain that in the second does it stick that's the other part of the equation whenever price moves above a range, doesn't have to stick.
Starting point is 00:06:32 It can tuck right back in like a frightened turtle. By the way, that's from Seinfeld. And in case you don't know, if I ever met Jerry Seinfeld, I would say, my whole life is surrounded by you. That's all I do is use Seinfeldisms. Anyway, and Sheldon Cooper also, from Big Bang. So we went a little bit above the last three weeks on the NASDAQ, on the NASDAQ. Let me see if the NASDAQ 100 did that.
Starting point is 00:07:11 Give me one sec. Yeah, a little bit above. The S&P, a little bit above, very little bit above, may I say. Actually, only by a – actually, we finished right at it. right at it believe it or not 5970 the last close is 5968.61 so right at it and the big help today there was some help first off oils as we have told you oils have been really dead money except for a few names except for a few names they had a good day today oil prices have been ticking up a little bit, and they played a little bit of catch-up today. I wouldn't say it's anything
Starting point is 00:08:02 bullish. You know how we can come out here and say, oh, we think the complexion has changed? I'm not so sure the complexion has changed. But maybe, just maybe, the oil stocks as a whole, putting a low for now. So they've been an anchor for the market. They put in a low. They help the market. But the bigger story were the semiconductors. They have been a big anchor also until the change of the tariffs. The Taco. You don't mind me saying that, do you? And I'm not making fun of them. I just think it's funny. By the way, when I was in high school, North Miami Beach Senior High, we had a place called Taco Viva. The commercial was, when you say tacos, say Viva.
Starting point is 00:08:55 I love that place in North Miami Beach. I think there was a few of them. Taco Viva was the greatest. Oh, I love them tacos back then. Anyway, so the semiconductors had a big day, 2.7% off of the artificial intelligence play that everybody so excited about again. Remember, the artificial intelligence in January crashed. And they said, don't worry.
Starting point is 00:09:23 come back? Well, a lot of it has come back. Broadcom is at New Yearly highs. They report on Thursday, that'll tell a little bit of tale. Envidia is not back to New Yearly highs. In fact, NVIDIA, which had a good day today, is just where it was last mid-June, almost the year of no gains, and still below the highs of November and January, about 153 closed at 141 in change. So about 8% off the highs, but definitely much better bid. And if you look at the semiconductor index, 4996 is the near high. It closed at 4964 today. A move above good.
Starting point is 00:10:14 A move not above, not so good. Simple as that. On the pullback, it held some moving averages. So that was on the good end also. So that's where the good help was and you also had a good advance decline day today. Early in the day, the financials acted very poorly. And then what happens? What do we tell you about support areas and moving averages?
Starting point is 00:10:44 When you have a chance, go look at Goldman Sachs. We follow the 50-day moving average and the 200-day moving average, but a shorter-term moving average is the 21. Don't ask me why it's 21 and not 20. This is just what I was taught. Goldman Sachs today hit the low, 593.73. The 21, 40 cents away. We'll explain that up next.
Starting point is 00:11:14 And more on the markets. And to tomorrow, I'm Gary. This is the one only Investors Edge. Hi, I'm Gary Kalpom, 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.
Starting point is 00:11:52 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 complementary portfolio review.
Starting point is 00:12:18 The number to call is 888-4-22-5-59. That's 8-8-8-5-9. That's 888-4-2-2-5-9. Investment Advisory Services offered through Call Bomb Capital Management. Hi, I'm Dr. Jay Goodman, host of Beyond the Script. 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.
Starting point is 00:13:07 Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach kick 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.
Starting point is 00:13:32 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. 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. Motive? Um, they're Reese's.
Starting point is 00:14:02 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. Rees. Suspense.
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Starting point is 00:14:58 Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. So the banks were weak in the morning and bounced nicely off of moving. averages. And what do we tell you about the big banks? If they ain't going lower, the market ain't going lower. Simple as that. If the semis are doing better, it's going to be tough to
Starting point is 00:15:33 take the market down. Though, may I state for the record, Crowdstrike is down $32 in the aftermarket on their earnings report. Ouch. Stock has been into New Yearly ground. In fact, it was up 17 bucks going into today and is down 32 in the aftermarket. 17 bucks this week, so it's had a good two days. So I don't have much to complain about this second. Economic sensitive stocks were hit hard yesterday. They bounce today. Go figure.
Starting point is 00:16:12 And as I said, the advanced declines? Pretty darn good day. And the artificial intelligence, the energy crap, good day. Story goes meta announced that they're doing this big thing with Constellation Energy. Symbol C-E-G. Ten years, they're going to buy, let me see if I can find exactly. The announcement of a 20-year power purchase agreement with Meta to supply nuclear energy from its Clinton Clean Energy facility in Illinois. Is that named after Bill Clinton?
Starting point is 00:16:53 I don't know. Anyway, interesting enough, symbol C-EG Constellation Energy opened up at around $342.342. It closed at 313 down on the day. Why is that good? Well, it's not. But it didn't hurt other stocks. GEV, kind of the same group, up eight. VST, up eight.
Starting point is 00:17:29 Not bad. P-W-R, up 10, but CEG got hit the teeth a little bit after a strong open. That was a story of today. And I must tell you that I got a call from some people about buying nuclear after hearing this story. And I tried to explain, just so you know, a lot of these nuclear stocks have no sales. They have been popping up no sales, no sales. You know what no sales mean? If your son or daughter got on the corner with a lemonade stand and sold one glass of lemonade, they'd have more sales than some of these companies that are trading on the exchanges with billions and billions of market
Starting point is 00:18:29 cap. Sometimes the market gets on a theme. Here's one. It's $7 billion market cap, no sales. I'm not going to mention names. Been public since September of 21. Actually, I think it came out as a SPAC. If you're buying the stock, you're paying $7 billion and they have no sales.
Starting point is 00:18:53 By the way, that's exactly how to explain it. Shares times price is the market cap. $7 billion for no sales. Which means they better have some sales going forward. So I'm not going to dissuade you on this. I'm just letting you know. You got to buy some beef. Meaty, M-E-A-T-Y.
Starting point is 00:19:24 be careful of no sales we have told you one of the rules of no sales stocks what is the rule eventually all of them go back to where they came from if they continue to have no sales and we've highlighted to you yesterday I think one of the names has been trading for 20 years on the exchange
Starting point is 00:19:45 with no sales and believe me I don't know how you don't go bankrupt welcome to the market sometimes So that was really one of the big stories of the day, but more importantly, the market here is attempting to get above another range. We'll see if it sticks. If it does, the old highs come into play. Advanced decline figures were good. Semiconductor strong.
Starting point is 00:20:14 The big banks came on today. There's still plenty of areas in not so great shape. You're darn straight. There are plenty. But that's okay. As long as there's one area in good shape, that's fine and dandy. And that's the story of today. Gold pulled back today.
Starting point is 00:20:36 No biggie. The gold miners pulled back today. No biggie. I'm just looking around. And that's the GDX. Probably a little bit extended near term. Probably got to spend some time pulling back. Doesn't mean it has to.
Starting point is 00:20:58 I saw some other weird things today. Symbol H-I-MS announces they are buying somebody. Opens at 67, closes at 54. And by the way, this is a stock I've been asked about a lot. So still, it's a little bit tricky out there. Be careful, but the big indices are attempting another move here. The S&P is right there. The NASDAQ is just about there, a little bit above.
Starting point is 00:21:30 And again, something very important. Advanced decline figures had a good day today. We want to see that. Remember what we've told you? How do markets top? Advance the client's top first. More and more stocks, more and more sectors break down, and then the big indices follow suit.
Starting point is 00:21:52 That is how it works. Yields, 10-year yield came down a little bit today. It was better, though. We're still sitting at the 10 year at 4.46, the 30 year at almost 5%, little under 5%. We love the fact that the Fed is doing nothing. Why are people calling me? They shouldn't be calling me. And we'll keep watch on those yields.
Starting point is 00:22:24 Mui importante, those yields. I cannot begin to tell you. how important those yields are. In case you don't know, we do our own little, how do we say this? Channel checks. Last quarter's GDP was negative. We think this quarter is going to be a nice two,
Starting point is 00:22:51 two and a half three percenter. Because last quarter had to do with imports and exports, and that's going to change. The consumer's still spending. So expect, I'm looking at two and a, let's call it two and a half percent. The quarter we're in right now, GDP. The president will take credit, even though he said last quarter was Biden's. And by the way, we had a real big down day like a week or so ago,
Starting point is 00:23:17 and the president said it was Biden's stock market. And now it's the president's stock market. By the way, he's such a politician. Up next, more on the markets. Elon Musk agreeing with us. Smart guy. I'm Gary. This is the one only investor's edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script,
Starting point is 00:23:56 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.
Starting point is 00:24:28 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.
Starting point is 00:24:58 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. Motive? Um, they're Reese's. What was I going to do? Stop myself. Tune in next time to see if I do it again.
Starting point is 00:25:20 Spoiler, I will. That had everything. Reeses. Suspense. Rees. Cash flow crunch. On-deck's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat with flexible draws, transparent pricing, and control over repaying. Get funded quickly and confidently.
Starting point is 00:25:51 Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDak does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to. America is talking.
Starting point is 00:26:10 Investors edge. He's got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. that's a little bit of Boston I only got to see Boston once and I have to tell you I don't
Starting point is 00:26:46 remember who they played with somebody and to this day I don't remember who they played with I'm gonna have to remember and figure that out Boston and Boston and no it wasn't Fleetwood Mac I don't remember the only thing left that I'll be doing is I'm gonna go see the Eagles at the sphere and John Anderson of Yes fame is playing on tour with the band geeks and he's doing all the songs from Yes I will definitely go see that but after that I don't know if I need to see the Who they're touring again I may go see the Who they're in South Florida in the next few months. And I'm done.
Starting point is 00:27:42 All my favorites going by the way sign. We're getting old. Dang it. And if Rush ever tour again, it would be without Neil Purt. You'll not see me for about a week because I'll just follow him around for a week and go see five or six shows.
Starting point is 00:28:10 And that's the music portion. The sports portion of the show, in a surprise move, my New York Knicks organization fired Tom Tibuto, the coach of the Knicks. He takes them to the Eastern Finals, was close, was close to go into the finals, and they fired his ass.
Starting point is 00:28:40 I don't know. I'm not in agreement with that, but then again, I don't know. That is your sports part of the show today. So back in up again, good day today. I don't think it's ever a bad day if the semiconductors have a good day. I'll look them over. A big story will be Broadcom Thursday on whether it gets good reaction. NVIDIA, a very important story. So, NVIDIA reports earnings, a deceleration of sales.
Starting point is 00:29:16 I don't care what anybody else tells you. It opens up like 143, 144, closed at 139. The next day, it follows to the downside to 135. Yesterday was up a couple of bucks. Today up $4. Nice day. Remains in a one-year trading range with a little. you're a little bit higher in November and January.
Starting point is 00:29:40 People would say that's from there. But I go back to last June. Mid-June was 140.76. It's at 14103 as I speak in after hours. So no gain. Which gets me back to the other part of that equation. Do you remember last January? And video was in a six-month range,
Starting point is 00:30:07 We came on the show on a Friday. We were already talking about it before that Friday, but on that Friday, we said to you, just let you know it's tightened up. And if it breaks above $505, you buy the hell out of it. On Monday, it broke out above 505, went right to almost 1,000 within a couple of months. If Invidia, by chance at any point in time can break out of this one-year thing of a bob, guess what we'll be telling you. But there's one little fly in the whatever you call it.
Starting point is 00:30:50 Their earnings are decelerating. 152, 103, 71, and a 33. Their sales are decelerating. So that'll be of note, but we'll be watching it for you. and it's meaningful because the rest of the semiconductor market follows it. Small and mid-caps still completely underperforming us. The bigs. Yeah, us.
Starting point is 00:31:23 But I'm letting you know if the IWM can break above 210.13 and stick, that'd be a stair step up, which would be on the Russell, 2114.95. If, I'm going to leave the midcaps alone. Those are your small caps for you. We'll see how it plays out. How will you know?
Starting point is 00:31:53 We'll be here every day. Moving on. Well, well, well, well, well. Elon. You know how much we love Elon Musk, right? We think he's magnificent. Quirky, but we think he's magnificent. The things he's created. Do you know, every time they put up another spaceship,
Starting point is 00:32:22 I just walk outside my office here or out of my house and see it go up. I just look east towards Cape Kennedy. Elon Musk put out a tweet today or an X. And I quote, I'm sorry, but I just can't stand it anymore. This massive outrageous pork-filled congressional spending bill is a disgusting abomination. And then he goes on to say it will massively increase the already gigantic budget deficit to $2.5 trillion and burdened America citizens with crushingly unsustainable death. Where have you heard that from? Us.
Starting point is 00:33:11 Now let me explain a few. things for you so you understand what's happening here when I use the word republic cons there you have it I've always said to you I think I may have done this yesterday past performance when we used to handicap the greyhounds past performance under Donald Trump's four years not including COVID he ran big deficits he increased spending even though he said he wouldn't Biden supersized it well we're letting you know that the speaker of the house who was on the Sunday shows this weekend.
Starting point is 00:34:03 It was con artistry at his finest. And I would say it to his face. And I understand they have no choice. Oh, wait a minute, they do. So let me explain a few things to you so you have an understanding. They're doing no cutting. They're increasing debt by, let's say, $10, and then they're cutting a dollar and they're telling you, look, we're cutting a dollar.
Starting point is 00:34:31 That's not cutting. They keep saying growth will take care of everything. No, it won't. Growth could help. Growth could increase revenues, which will lower the deficit sum, but you're still not stopping the growth of spending. That's not changing. And when I say to you, in the last 10 years, the tax revenues to the government, us, our money to them was up 60%.
Starting point is 00:35:09 $5 trillion we sent them. But over the last 10 years, their spending is up 95% to over $7 trillion. Think about that. The year 2019, they spent 4.4 trillion. They're going to do like 7-2 now. That's like a 65-70% increase in the size of government in what, 5, 6 years? That's sheer insanity. It's the spending.
Starting point is 00:35:44 And imagine if they stopped raising the spending, that 5 trillion would cover 2019 spending plus 600 billion, but they don't care. And why don't they care? Because they know that GDP, gross domestic product of this country, has been very much dependent on government largesse.
Starting point is 00:36:13 And if they cut a trillion bucks of spending, which they could, that comes out of GDP and could hurt their chances of winning the election in November of next year. That's what's going on. So their job is to BSU. There's only a few people in the Republican Party like Rand Paul and a couple others that mean business. Let's hope it gets changed up as it gets to the Senate. Up next, we'll expound a little bit more and then much more. I'm Gary. This is the one only investor's egg. Hi, I'm Dr. Jay Goodman. host of Beyond the script, the podcast where I sit down with pharmacists to answer the health
Starting point is 00:37:16 questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach kick 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
Starting point is 00:37:59 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. Oh, and the thing where someone crinkles tissue and whispers at you. Hello.
Starting point is 00:38:34 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. Cashflow crunch. On Deck's small business line of credit gives your business immediate access to funds
Starting point is 00:38:53 up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat with flexible draws, transparent pricing, and control over repayment. Get funded quickly and confidently. Apply today at ondeck.com. Funds could be available as soon as tomorrow.
Starting point is 00:39:12 Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDak does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!
Starting point is 00:39:29 In the Wester's Edge. With Gary Culper. And by the way, that 10 years I just brought up to you saw our total debt go from 18 trillion to 36 trillion. And they don't give a crap. They don't care. They could not last in an interview with me. I watched the Speaker Johnson do his thing,
Starting point is 00:40:19 and I guess the anchor has to be somewhat classy about it. I wouldn't be so classy. Speaker Johnson, in this bill, what is federal spending going to be next year? Humana, homina, homina, howmina, howmina? No, what's federal spending going to be next year? Well, you know, kind of like, you know, you know, you know, you know, what is federal spending going to be? And let's say he came out with the number of $7.2 trillion.
Starting point is 00:41:01 Well, how is it possible we only spent $4.4 trillion just in 2019? where is that 2.8 trillion more going? Humana, humana, humana, humana, humana, Ralph Cramden time. Where is it going? Well, wherever they want to put it. Speaker Johnson, Joe Biden has a $1.8 trillion inflation reduction bill
Starting point is 00:41:34 that they admitted will not reduce inflation. and 350 billion of those dollars went to John Podesta. Why can't you just cut that out of the baseline budget? Just so you know, the baseline budget, you know what that means? Every year you start at the last year. Not at zero, but you start at the last year. So they're just moving around and spend it. Speaker Johnson, why not cut?
Starting point is 00:42:16 that out. Why not take us from 7.2 trillion? We're going to be nice. Just the six trillion. Why can't we just spend six trillion next year? That's 4.4 plus another 1.6 trillion just from 2019. What's wrong with that? Humber, Humber, Hamanah, hama, hama, hama, hama. You catch in my drift? it's laughable at this point in time. Glad to see Elon Musk completely agreeing. The Republicans are already going after him. Glad to see. What's his name?
Starting point is 00:43:06 Johnson in the Senate saying, no, no, no, no. And it's going to be tough to get through the Senate. I'm hopeful we're going to get some cuts in there. I said to you last week, if my back was against the wall, and I had no choice, would I still vote for this? I did say yes, though. If I had no choice, why? Can't afford to lose those tax cuts.
Starting point is 00:43:31 Cannot afford to lose those tax cuts from the original Trump administration. I'd have to close my nose and vote yes. But as I stated, the hope is, the hope is that something's going to get done as they move through the Senate. This is no big, a beautiful bill. It's a too big bill. There's nothing beautiful about it. It's the best way I can put it. And it's tiresome.
Starting point is 00:44:12 It's absolutely tiresome. In other news, that stupid, slimy, murdering terrorist scumbag, who's going to be in a six-by-nine cell, the rest of his lower, life. They arrested his whole family. They're illegal and they're heading out of town. He will never see his family again. That's what you get for trying to light people on fire. Just letting you know. In that same news, you had AOC and a bunch of Israel Jew haters come out. Oh, we don't like that happening. Oh, by the way, Israel's committing genocide. Up yours.
Starting point is 00:45:05 In other news, the New York Times and the Washington Post continue to lie about everything and then have to correct their lies. The latest one was supposedly Israel killed 31 people standing in line for food in Gaza. Correction, we've deleted the post because it is early versions of the article didn't meet our fairness standards. Up yours, Washington Post and New York Times. They jumped to anything anti-Jew and anti-Israel while kissing the ass of North Korea and Cuban places like that.
Starting point is 00:45:43 As I stated, up yours. That was in the news. And that's all the news of the day. And I still don't understand. I still do not understand. why they would fire a coach that took the New York Knicks to the Eastern Conference final. Very depressing. And that's the story of today.
Starting point is 00:46:14 By the way, late breaking news, another GOP Republican Thune. We obviously respect everything that Elon did with Doge, but on this particular issue, we have a difference of opinion. We're going to proceed full speed ahead. Of course they are. Massive debt and deficits brought to you by. the Republicans. They are not conservatives. They are Democrats. The Democrats are Marxists. And now we finished with the news of the day. Going into tomorrow, a crowd strike down 24 bucks,
Starting point is 00:46:54 I don't think that affects much. I really don't. The market seems on decent footing. We finished just above or right around. The highs of the last three weeks. You got some momentum. Tomorrow will be another day. We'll keep you informed. You have a great evening drive carefully. When you get home, do like we do.
Starting point is 00:47:17 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. Thanks for joining. Have a very good night.
Starting point is 00:47:29 Bye, bye. This has been Investors Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.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.
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