Investor's Edge with Gary Kaltbaum - Them spending numbers [05.28.2025]

Episode Date: May 28, 2025

https://garykaltbaum.com/...

Transcript
Discussion (0)
Starting point is 00:00:00 When energy dips, your reviving routine deserves more than a quick fix. Reach for Vital Proteins, Collagen and Protein Shake and Chocolate. With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair, skin, nails, and joints in a smooth, ready-to-drink shake. So your afternoon reset actually sets you up for success. Vital Proteins. Stay Vital. Visit VitalProtines.com to get started. These statements have not been evaluated by the Food and Drug Administration.
Starting point is 00:00:25 These products are not intended to diagnose, treat, cure, or prevent any disease. Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's Wednesday, May 28, 2025. Hope you're having a good day. In case you don't know, this is serious talk about everything that affects you, the markets. Washington, D.C., and they're interloping. debt and deficits, scams, shams, corruption.
Starting point is 00:01:06 You name it, we cover it with no ulterior motive, no agenda, no bias, except you. We're different than what you usually hear, where people are in the tank
Starting point is 00:01:19 one way or the other. We'll explain the second. If you do not get this radio show in your city, we'll post it at garyk.com. We'll post it on our Twitter feed, which is now X. And if you don't follow us on X, you should. And if you like to email us, all you got to do is be nice and respectful.
Starting point is 00:01:34 You completely disagree if you want. Be respectful. Like Tim. I got an email from Tim. We don't do last names here. Gary, I've listened to your radio show for a long time. I've enjoyed the stock ideas and your insight. But I have to tell you I'm done.
Starting point is 00:01:53 I've tried, but I can't listen anymore. If I want political news, insight, and opinions, my choices are endless 24-7. I want investment insight like the title of your show alludes to. I'll check back now and then, but for now I'm done listening. Not because I disagree or agree, but that's not why I tune in. When 90% is political opinion and I tune in for investment insight, I feel I'm being duped. So I want to answer that. Number one, we are not 90% political.
Starting point is 00:02:25 We're not even close to 90% political. That's number one. Number two is they forced our hand. When you have this president that has moved the markets, and this is a fair assessment, 3,000 Dow points within an hour, up, down, up and down, on the changing of stance.
Starting point is 00:02:55 3,000 Dow points, we're talking trillions of dollars. we must cover it. When the last president on purpose let in 10 million, 12 million, 15 million people open bordering us to Kingdom Com, which has a huge cost on the country, we have to cover it. when the last president did a 1.8 trillion what they called an inflation reduction act and then told us, had the nerve, had the grapefruits to tell us,
Starting point is 00:03:36 had the grapefruits to tell us there was no inflation reduction in the act, there was just pure spending, we have to cover it. When, over the last 10 years, U.S. federal government tax revenue increased a whopping 60% to over $5 trillion. That's what we sent to them last year.
Starting point is 00:03:58 But the government spending increased 95% to over $7 trillion. We are going to discuss it. When this president swore again that he's going to do something about the debt and deficits and now has boasted about the big, beautiful bill, that will guarantee bigger yearly deficits than Joe Biden's. We have to cover it. when the first trillion of our tax dollars every year, and by the way, it looks like it's going to be 1.2, 1.3, maybe even more,
Starting point is 00:04:30 trillion goes towards interest and not the roads and the bridges and the streets and the sidewalks and the airports and the elderly and the young and the infirm and the hungry, but towards interest, we have to cover it. And in case you don't know, it all intertwines. The markets and all this intertwines. When you have a head of a central bank that has no accountability, answers to no one, and he took out a computer and pressed buttons and printed to $9 trillion,
Starting point is 00:05:12 taking over the whole bond market, taking interest rates down to zero, where you were able to get a mortgage for under 3%, but get zero on your savings. We have to cover it. We never used to have to. They made us, and we're going to continue. We're going to have the markets,
Starting point is 00:05:48 meet the economy, meet the government, and policies. Some call it politics. I call it policies. And I don't know whether he's mad, Tim, because I have been taken on this president also. I don't know whether he's Republican or Democrat, but to my good buddy, Tim, it all matters. It big time matters.
Starting point is 00:06:21 That if this president didn't pause those tariffs, we'd be five, six thousand points lower on the Dow right now. I don't think that is conjecture. This president paused in the market bottomed after he crashed it. And in case you do not know, do you know what's actually happening right now? There are many people on Wall Street that are using the term taco with this president. They're making fun of him, this president. On what we talked, we talked about, we talked about, you we thought he was doing the taco trade and it didn't have to be it stands for Trump always chickens out that's what it stands for Trump always chickens out alluding to what we told you was going on but we didn't use that term and that
Starting point is 00:07:39 is he threatens with big tariffs and then the market crumbles and he gets rid of him. And we told you, he's, listen, we're all about fear and greed. He has to get rid of him. He knows that. And of course, he's not going to tell the truth to investing public or to the public about getting rid of him, but he does. And the problem with all this, that's major tax policy on this country, not minor, gargantuan. And that's why you saw crazy action both down and up in the markets. And now, unfortunately, you know what they're doing? They're praising that in the last month they brought in $20 billion into the treasury from tariffs. They're praising it. It's a tax on our companies. He keeps telling us he wants lower taxes. He just taxed our
Starting point is 00:08:33 companies $20 billion and he's getting praised by the peeps because the treasury got $20 billion. And he had to admit that the BS that China pays for it, he had to get rid of that. He got rid of that. Now we know that our companies pay for those tariffs. So we have to cover it. And we will. While we continue to guide you through the markets like we did for months, given you what to avoid as the market slowly but surely does,
Starting point is 00:09:15 dissipated leading to a good drop, leading to the crash. And who had you, well, you had to decide what you wanted to do, but who was telling you to be out? That was us. So we will continue to meet the markets and what emanates out of that crazy world of Washington, D.C. That is murdering us, each and every one of them. in different ways. And I appreciate Tim for your email. I really do.
Starting point is 00:09:52 And completely respect your decision and hope you continue to listen. And that's that. Hey. So it's the market's closed. And I believe we are waiting for Nvidia to report. They have not reported yet. I don't believe. the stock is
Starting point is 00:10:13 drifting a little higher but I don't see a report just yet I do want to say Salesforce.com a Dow stock and a very weak software stock is up 10 bucks in the aftermarket
Starting point is 00:10:29 but I think that's a combination of just how deep the stock has dropped and we'll see how that goes and that symbol is CRM I'm looking for what their number was as I speak to you sales from 258 versus 255
Starting point is 00:10:50 so they only beat by a little bit but I guess the stock's gone from 367 down to 276 so I guess it's going to bounce and that's good because that's a Dow stock and it's also a software name let's see 258 versus 244 growth not very good up next we'll see if we get the
Starting point is 00:11:09 NVIDIA numbers, the rest of the market. Yeah, we do markets here. I'm Gary. This is 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 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
Starting point is 00:12:07 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 888-4-22-5-59. That's 8-5-5-9. That's 888-4-2-5-9. That's 888-422-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist,
Starting point is 00:12:49 Victoria Motola, who explains why so many of us live with stomach issues we should not except as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your ROTC 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 00:13:40 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. 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. Rees's. Ashley, go back to the nature sounds.
Starting point is 00:14:09 Nice. Yeah, that's really nice. I earned my degree online at Arizona State University. I chose to get my degree at ASU because I knew that I'd get a quality education. They were recognized for excellence. and that I would be prepared for the workforce upon graduating. To be associated with ASU, both as a student and alum, it makes me extremely proud.
Starting point is 00:14:34 And having experienced the program, I know now that I'm set up for success. Learn more at ASUonline.asu.org.org. 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 called bomb it doesn't get better than this
Starting point is 00:15:02 welcome once again to Investors Edge so rough finish today didn't see any news by the way every time we have a bad day now my peeps send me emails and texts that he say anything today that's how what it's come to Dow is down 244 S&P 33, NASDAQ 98, NASDAQ 197, SOX 26, transports 163, just turned into a weak day by the close. Nothing really redeeming, advanced declines 11 to 30 on the New York, 13 to 29 on the NASDAQ. So that wasn't too good.
Starting point is 00:15:51 Small and midcaps still ain't going. Bitcoin pulled back. Remember what we said, Bitcoin broke out. of range. Let me see if it's failed that yet. No, it has not. Well, it's a little bit below the highs of December and January, but it seems to me that $60 break below would negate for now. That's on the IBIT. And the GBTC, that would have to break, well, probably about 83. It closed at 8431. That would be the Bitcoin.
Starting point is 00:16:31 And just I'm looking through my screens. Lots of red. Nothing really redeeming today. And I'm looking. I'm always looking for something. And we'll leave it at that. And again, we will have, I think, Nvidia, before we shut the show off
Starting point is 00:16:53 as we move to other things. but don't see it as of yet and we have no idea what they report what the earnings and sales are going to be but we do know something I take that back we do think something you know we used to tell you about Apple
Starting point is 00:17:14 not now but years ago they sandbag every quarter they would they give guidance and they always gave guidance big time below what they knew. They lied. But that's not illegal to give
Starting point is 00:17:34 lowered guidance. In other words, you know, at worst, you're going to do $1.10, and you tell them $95. Or you guide them to $95, and then you do $1.25. Oh, we beat the pants off it. I'm just letting you know, I'm looking at the guidance
Starting point is 00:17:50 for NVIDIA. It looks very low. it looks very low it looks like a sandbag no really it really looks like a sandbag that's just an opinion of mine hope you don't mind and again if they report before we're out of here
Starting point is 00:18:13 we'll let you know what else today anything else yields were up a little bit and they're kind of tracing out range bound 10 year yield has been pretty much since October, between 4 and 4-8 on the 10-year, but really 4-1 to 4-7,
Starting point is 00:18:39 it did one little visit to 4-8 and came right back down, and went a little bit below 4 and right back above 4-1. So 4-1 to 4-7, and we don't mind that. I can tell you that flat out. We like when the bond market's quite, And do you know why it's quieter these days? Because Mr. Bubble is quieter, Jay Powell. And why do you need a quiet bond market?
Starting point is 00:19:12 Because insanity. Remember he took rates down to 3%, the mortgage rates you had 3% and less? You know what ended up happening? I called the 3-7. Who the hell is going to sell a house with a 3% mortgage knowing of the next house that it's going to be 7? no thank you and that's why so many people were loath to put houses up for sale
Starting point is 00:19:37 and that's what forced prices up but now guess what distortions end and now inventory across the country is spiked in many cities and prices are coming down for a lot of resales and I'm seeing a lot of pending sales not getting done pending sales not getting done. And we look at a bunch of different areas. I was just looking at Raleigh, North Carolina today. Every day I'm looking at Florida areas.
Starting point is 00:20:13 And man, oh man, there's some stuff coming down. But the good news is off of what we call fantasy land pricing. You got people putting up homes that were a million and a half dollars two years ago for $3 million. And all of a sudden three months later, and a half they change it they drop and then they drop again and then they pull the house if that doesn't sell or they keep lowering till it does sell and of course you know one of the worst acting groups in the market has been the housing stocks they have been the bare market for quite a while now with nary a bounce and by the way we've
Starting point is 00:20:54 been telling you to avoid that group and rightfully so part of what we do here. And we'll continue to do as we move forward. The rest of the week, well, I told you what's reporting, but Costco's going to be reporting. That's important. Best Buy important. Burlington important.
Starting point is 00:21:21 Dell computer. Well, is it called Dell now? Important. A few others. We shall let you know. With no agenda, bias, or Oteria, motive as we move forward. But again, the big key right now, I think a big thing going on that will have an effect is what we are getting out of that wonderful place in D.C.
Starting point is 00:21:50 We have found out that this administration and the House bill did not include Doge. So all the reporting by me every day about what Doge is cutting or whatever, no, they did no cuts. And Elon Musk is even pissed off. So deficits as far as the eyes can see as we move forward, unfortunately, ladies and gentlemen. And I have a lot of the things I can complain about, but I think maybe I'll wait till tomorrow on that. We're watching major indices here very closely now. first off want to mention it again we think small caps no reason no reason i know we hear about diversification and know the beast of this a piece of that all i can tell you remains a very large
Starting point is 00:22:56 cap market and if you go look at where go look where the iwm is versus the spy it's night and It's like my Knicks against the Pacers right now. By the way, my Knicks lost that last night. When you give up 130 points, you're going to lose the game. Got to play better defense. Up next. This, that, and the other thing, whatever else. I'm Gary.
Starting point is 00:23:28 This is the one only investors ad. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a 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 00:24:25 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 IHeart Radio. Listen now wherever you get your podcasts.
Starting point is 00:24:57 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 that going to do? Stop myself. Tune in next time to see if I do it again.
Starting point is 00:25:17 Spoiler, I will. Wow, that had everything. Rees, suspense, reases. Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Dex loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews. On Deck delivers funding you can count on. Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On-deck does not lend in North Dakota all loans and amounts subject to lender approval.
Starting point is 00:26:04 Investors Edge He's got to be pleased with that The crowd is just on his feet here He's a Cinderella boy With Gary Coltbaum It comes highly recommended You're gonna feel better if you talk to him I was watching some peeps today
Starting point is 00:26:28 I saw one Guarantee We are going to break the old highs And go even further And he gave some target or something Whatever we're just letting you know the thought process for us is quite simple if that's going to happen we'll let it happen and we won't argue the point it's simple as that the S&P high was
Starting point is 00:27:11 61 47 looks like late February it's 61 28 in January a breakthrough there would be just terrific. Probably going to take more time and you will need more participation. You'll also need the banks to do better. They've come up like anything else. They'll need to continue to do better.
Starting point is 00:27:47 And better and better. We think they're that important. So instead of having to predict, we'll let the market decide. the S&P will first have to go through the highs of last week of 5968. Close at 5888. And then it'll make an attempt higher. And then we'll take it from there.
Starting point is 00:28:19 On the NASDAQ, pretty simple. If we're going to take out the highs, the first thing you've got to do is take out that 19-2 and change. You closed at 19-1. And then you hit 20,204 in December, 20,118 in January, and 20,11010 in February. You'll have to take that out. And if we do, we'll know it. We don't have to predict it.
Starting point is 00:28:59 The NASDAQ 100, kind of like the NASDAQ. You're going to have to take out 2-2-2-2-2-2-2-2-2-2-2-2-2-2-2-2. Yeah, five twos. And if that occurs, we'll know it because we'll see it. And we are now pretty much under the impression. Do you know what I've actually done at night? From the day we had the crash of those tariffs, which were changed on that Monday, even though they moved it to Wednesday, because it was leaked.
Starting point is 00:29:37 I'm pretty much putting the lows of the market, not at the 16-5 on the NASDAQ 100, but I'm pretty much at the 19-1-19-2 because we crashed from that 19-1-19-2 in two days from that tariff craze. And that's going to change things. That to me was a big tariff-craze washout. And if I look at the S&P and do the same thing, the S&P low 55, 5,600, not the 4,800 that we went to. Why? It was a two-day crash because of tariffs that were never going to be put on. Or I take that back. I think wanted to be put on, but the market crash forced them to get rid of.
Starting point is 00:30:42 rid of them. And please do not believe anybody in the administration from the head honcho down that the reason why they paused is because we got better negotiate. The market was crashing. What's the old line? Don't wee wee down my back and tell me it's raining. So I actually am drawn a line around 55, 5,500. I think that would have been the low. And the market got surprised by what he did. NVIDIA reported. I've got it. Let me make sure I got this.
Starting point is 00:31:30 I'm showing 138.50 in the aftermath. Actually, it's moving all over the place. Now it's 138. Closed at 13481, I believe. I'm not sure we closed, actually. Yeah, 13480. We saw up about three bucks and change in the aftermarket, maybe $4. And that's helping futures on the NASDAQ up.
Starting point is 00:31:57 They're still down for the day, but up. And let's see what they reported, NVIDIA. 81 versus the 73. Yeah. They only beat by a little bit on sales, which are up like 67%. but beat by a good 10% the sandbag and we'll see what the market decides to do
Starting point is 00:32:26 overnight because the CEO will speak and he'll say nothing bad and it's good to see that it's up it's an important stock the QQQQQ which was down closed at 51891 I got it 52091 so it's up about two bucks in the aftermarket And by the way, as I mentioned the small cap Russell 2000, it's down 7.3% this year.
Starting point is 00:32:55 The S&P's flat. There you go. Why own the weakest? Just to diversify? No, thanks. Not for me. So we'll see what Nvidia does overnight. It's lighten up like a pinball machine here.
Starting point is 00:33:13 I will tell you if it closes right where it is right now, 138, let's call it 139, it would still be below the highs of last June, which was not the all-time high, and would still be about 9% below the highs of November and January. How can that be? You're told it's the greatest ever. It's got a $3.3 trillion market cap. It's tough to move it, and it's going to be a lot tougher to grow their business. A lot tougher. By the way, it just went from 139 up to down to 137.5. Welcome to my world, ladies and gentlemen.
Starting point is 00:34:02 Your NVIDIA. And again, I must tell you, if it ever decides to break out of this one-year range, I will be jumping all over it with big dollars. But I think we got plenty of time before. decides to do that. That's what I'm thinking. I'm also interested in seeing their CAP-X talk, capital expenditures, because that'll affect the equipment makers. That will be of interest to me. But that'll be later, and this show will be over by then. But good to see it's up after a icky day-to-day in the markets. A couple other things we're watching closely. Remember I
Starting point is 00:34:47 mention the 10-year yield? Well, it's been range-bound. I don't want to see it go through 4.66. I think that could have repercussions. Even bigger at 4.8, but we're not even close yet. And of course, rates come down good. Rates go up, not so good. That's the cost of your capital. It's the cost of your loans. That's the cost of your mortgages. And that's just for everybody all the way down. Next thing I got to look tonight. What happened to these software stocks today?
Starting point is 00:35:32 They crumbled a few today. And I don't see any news as of yet. Dang. But Salesforce.com may help tomorrow. Only up seven bucks in the aftermarket now. It was up 12. and there's a little bit of your market for you. Gold, still fine.
Starting point is 00:35:53 Normal pullback. I said a couple of weeks ago I think we go rangebound, and we're now in one, two, three, four, five, this is the six week of rangebound, but above moving averages and acting just fine. The gold miners, yeah, acting just fine. No complaints. And where it stops, beats the heck out of me.
Starting point is 00:36:16 Just one big gigantic breakout, all-time high breakout back in. When was that? I got to find it. March of 24. Up next, we'll think of something. 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 00:37:07 the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health. with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat,
Starting point is 00:37:35 and it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication.
Starting point is 00:37:53 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 IHeart Radio. Listen now wherever you get your podcasts. Here's a quick podcast for all you true crime fans. case of the missing Reese's. It was me at the store with my mouth. Motive? Um, they're reases.
Starting point is 00:38:27 What was that going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. That had everything. Rees. Suspense. Rees.
Starting point is 00:38:43 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 to 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 on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota. All loans and amount subject to lender approval.
Starting point is 00:39:16 You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. In the Gester's Edge with Gary Culpa. Okay, well, this goes back. I said to you earlier, for some reason, synopsis dropped $50 today before earnings. And another stock, Cadence Design Systems, dropped $35 today. Very heavy volume on both.
Starting point is 00:40:20 They are both software companies. Computer software design platform types. This is what I am getting now. Trade restrictions out of the Trump administrations with China. And you want to know why we have to discuss Washington, D.C. There's just a lot of going on, a lot of moving parts. Imagine you owned Cadence Design. system today. I don't. The stock was back near the highs of the year and within, well, it started at 3.14 p.m.
Starting point is 00:41:16 and crashed. 10% in 46 minutes is a crash, right? Because Washington, D.C. made a decision. By the way, we're not saying they're right or wrong with reporting the news. But this is what we mean by we have to discuss what else. Need I say more? In the news, just a few tidbits. Miami. They're calling the drop in real estate prices in Miami housing market as breathtaking, spiraling number of home buyers pulling out of deals, inventory flooding the market, prices being slashed, sales stalling, just letting you know. This is what's going on. And I do believe it has to do with prices being too high over time. Hey, in the news, let me let you know that there's been a shocking discovery in Antarctica that researchers from a couple of universities found
Starting point is 00:42:42 Antarctica suddenly reversed its decades-long trend of melting and has gained record amount of ice in the last few years. Boy, whiz Al Gore reporting that. In the news, Toyota. I have a Toyota. I have a Highlander. And every time I get picked up by Uber or Lyft, it seems to be a Toyota Highlander. They have a warning for car buyers. Popular products are about to get more expensive.
Starting point is 00:43:20 Their cheap operating officer said the company is planning price hikes in response to President Trump's 25% tariff on imported vehicles and parts. He said business is not sustainable longer term without significant price increase. No kidding. No kidding. So there's your little Toyota. Yeah, we can stop there and we'll do the short shrift. In the news, well, I wish his health to be very well. We don't wish any bad on anybody in their health. Just want to let you know.
Starting point is 00:44:10 Joe Biden, took a hundred billion of our tax dollars and shoved them out the door in the final few weeks of his administration and gave that money to donors and friends and his peeps for those climate things. Remember, we told you three years ago once they announced that Inflation Reduction Act that a bunch of Dems were going to run to Delaware and open up these non-government organizations that don't pay taxes, all based on climate, and then they're going to have their hands out, and they're going to get all that money. And they did.
Starting point is 00:44:47 You can go read up about Stacey Abrams, and I sure she was on TV the other day, and the interviewer on that crappy channel did not ask her, how much money did you make? What's your net worth? Huh? Huh? He's a sleaze bag.
Starting point is 00:45:08 Joe Biden, one of the great sleaze bags ever in D.C. And I know I'm going to get on the Trump thing because of what's going on with him. We're going to discuss a little bit of that tomorrow. Trump and money. In the news, and this is what we want you to be careful about because there are people out there that are calling for mass layoffs and recessions and stagflation and depressions and all kinds of crap. I just would like to let you know there is absolutely no chance of a recession or depression or the like, unless the market says so.
Starting point is 00:45:54 You got that? The market has never missed a recession in front of the recession. In other words, in three or four months, if we're going to have a good downturn, the market will crap out now. It's usually about, I don't know, a few months in advance, and I'm just not seeing it yet.
Starting point is 00:46:24 So I just want to let you know. Simple as that. I've been always amazed about all these predictions, and all these people would have to do, is follow the market. Watch Caterpillar and United Rentals and Deer. Watch the rails and truckers, which, by the way, have been weak anyhow.
Starting point is 00:46:50 And watch the market. It'll predict a big down to. turn. That's how it rolls. That all said, you'll have a great evening drive carefully. Nvidia's almost 140 in the aftermarket right now. Of course, the CEO's probably speaking, saying great things. So it's up about five bucks in the aftermarket, and it'll remain range-bound. We'll see how it goes overnight. 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 stay well, be well. Thanks for joining. Peace out all. Good night.
Starting point is 00:47:24 This has been Investors' 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 GaryKK.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.
Starting point is 00:47:53 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.
Starting point is 00:48:20 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.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.