Investor's Edge with Gary Kaltbaum - Trump's Picks [11.13.2024]

Episode Date: November 13, 2024

https://garykaltbaum.com/

Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections. Like Healthy Choice Simply Steamers grilled chicken and broccoli alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply steamers. What having it all tastes like.

Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Ed. I'm Gary Kaltbaum, your host day. Thanks of being with it today. Glad you here, ladies and gentlemen, happy that you are listening. It is Wednesday, November 13, 2024, and doesn't happen very often.

But today we are pre-taping the show quite early. As you know, we have the Colpom family Thanksgiving dinner for the Boys and Girls Clubs of Central Florida tonight. And I was going to have Adam do the show. But the market is doing a bunch of things in here that we wanted to cover and discuss and go over. So we're not going to take you to the close right now. It's 2 o'clock. We'll take you about 2.30, 2.35. And of course, if the market changes by the close, hey, sorry, but we'll give you the crux of things and what's going on, what's sticking out, what's not all that fun stuff.

But first, 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. And if you'd like to email us, you know, just be nice. And again, this is serious talk about everything that affects you. We have done the election. We have done the aftermath of the election. By the way, we called the election.

We do the markets, the economy, your job, your industry, leaders and laggards in the market, lessons on the markets. You name it, we cover it. What's important to us, we think could be important to you. So, first off, as I speak, it's just about 2 o'clock. Dow's up 130, but the NASDAX up 72. NASDAQ up 7, NASDAQ 179, transports 169. Europe was weak again, but rallied into the close. So not bad.

The story right now, I got to tell you, you know what's coming on strong? Software stocks. So semiconductors continue to wane, though they're off the lows today, still down, still lots of red. But software names have been coming on pretty strong, tones pretty good. the one complaint near term is elevated bullishness, which can lead to pullback slash whatever. That said, the technical picture is such that there are areas that are strong and any pullback would probably be constructive.

There are areas, as we said, not in very good shape. We'll get more into the areas in a few minutes. So one of our big complaints is how crazy and biased and corrupt the media is. And we take no joy in it. You know, as we tell you, we would love to come on here and just praise, praise, praise. That's what we love doing. We love complimenting. We love talking about heroes and greatness and people that are doing wonderful things,

and medical advancements, in technological advancements, in heroism, you name it. We love covering that. But when it comes to the media, they have proven themselves to be one-sided affair. They don't hide it anymore. It's a shame. And they were out in droves again last night. And we're not talking the opinion people. Remember, the opinion people on the right, they're out there.

Then there's opinion people on the left. They're out there. They're their opinions. We're talking about the anchors and reporters. These are people that are supposed to tell you the news. It's like the reporter today on the Today Show gave Zinged Israel again today about how Israel needs to come to the table for a ceasefire. No, it's Hamas. Israel has already said yes, 42 different times.

So that's what we deal with when it comes to Israel. And of course we deal with it when it comes to politics. Left and right, as you know, we're independent libertarians here. We lost all hope many years ago, though we have a little hope right now, ladies and gentlemen. We're going to discuss that in a second. But I must tell you, so President Trump is out there with his picks, with his picks. And it's amazing to watch the media. So the president put out, one would say, a little bit of a left field for the Secretary of Offense,

Pete Hegseth, who is very much known as he is on Fox News all the time. I believe he's a host on the weekend, Fox and Friends, and he appears all the time, has written books and things like that, and he's being introduced as this Fox News guy, and I can't believe that Trump would nominate him. And everybody's leaving out, oh, you know, Princeton, Harvard, platoon leader at Guantanamo. I can go on. I can go on. I can go on.

Iraq war, war in Afghanistan, Minnesota Army, National Guard, bronze star twice army commendation medal twice national defense service medal global war on terrorism medal expert infantry man badge combat infantry man badge platoon leader i can go on and on but let's not talk about those things right so that's for starters and who knows first he's got to pass he's got to get in front of the senate he's going to be questioned by the left and questioned by the right He'll probably be passed through, though there's some Republicans that are a little bit shaky on it. Okay, that's fine. He'll have to prove himself just like anybody else would.

And then he has where I have hope. So first off, let me state for the record, I have tried to contact Elon Musk and Vivek Ramoswamy. I have tried to contact them. I do not know if they see it. I do not know if they're going to contact me back. They are going to be government efficiency people. They are going to be not in the cabinet, but government efficiency people.

My goodness gracious, music to my ears. And I watched how the media started ripping on them because think about this, all they want to do is put, a stranglehold on the stupid. You know, when they say, oh, we gave $10 million to test out crickets on treadmills, things like that. But there's more to it.

They want to get in there and see where there is fat, where there is fraud, where there is excess, where there is overlap, where there are places you're spending 100, billion and you can spend 80 billion oh save 20 billion who don't want to do that who doesn't want to do that you should have seen the lefty media last night making fun of these two people yes let's make fun of billionaires you know what it reminds me of i still remember warren buffett when he bought apple he first started buying apple in the middle of the bear market they were making fun of warren buffett a billionaire and i think it's up seven eight nine tenfold since then but the point is people make fun of warren buffett when he makes mistakes because everybody does make mistakes. I saw somebody make front of Warren Buffett because

he bought in a lot of Occidental Petroleum and the oil stocks have been weak and I think he's probably down some. I saw somebody make fun of Warren Buffett, a billionaire. It's amazing to watch. Anyway, back on track. I don't know if you know this. Since the year 2000, our population is up, I don't know, about 35%. I'm give or taking a few percent. Our federal spending's up 400%. Hmm. Let me repeat that. Our population's up about 35% since the year 2000.

Federal spending's up about 400%, four times. 1.8 trillion, we're nearing 7 trillion now in and around. We're running $300 billion a month in debt. So to think you have somebody that wants to come in here and make government more efficient, more effective, and no more bull crap. And people are pissed off. You know why they're pissed off? Oh, because it's the other side. What a shame. Anyway, just letting you know I have tweeted to both of them, get me involved. I will show you where the cracks are.

I will show you that they just took federal spending from $4.4 trillion to $7 trillion over the last five years. And yes, some of it is the legacy crap, you know, the Social Security and stuff like that. But how do you go from $4.4 to $7? It can't be just all Medicare. Medicaid and Social Security, it's got to be other things, right? Oh, you bet it is. Well, it's $350 billion to John Podesta for climate. Just get rid of that. Just get rid of it. We got along without it beforehand. And there's many other things. So hopefully they let me in. I don't know if they will or not because I am somewhat of an unknown, even though I do have a title of Fox News Business contributor and handsome and buffed host of Investors' Edge. So we'll see.

and of course they also Secretary of State I believe Marco Rubio here from Florida by the way most saying good picks about that and he's doing the rest of his cabinet Mike Huckabee to go to Israel

as ambassador fantastic up next we'll put a little bow tie on it go through the markets whatever else thanks for being here I'm Gary this the one only investors edge Hi I'm Gary Kallbaum 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 888-4-2-5-59. That's 8-8-5-5-9. That's 8-5-9. Investment Advisory Services offered through call-bomb capital management. Hi, I'm Dr. Jay Goodman. Host of

Beyond the script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat and it just becomes like a lifestyle where, oh, yeah, you know, I just 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. Here 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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos.

Either way, just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs.

And listeners of this show will get a $75-sponsored job credit to help your job get the premium status at deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. Success starts with your drive. An American public university is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey.

Learn more at APU.apus.edu. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get done.

So Mike Huckabee, and I watched this Dolt on CNN, another one, MSNBC, make fun of Mike Hockaby. What does he know? Oh, he's only been to the Middle East 100 times. And of course, as I mentioned, HECSeth, Secretary of Defense, let me tell you what's happened the last three and a half four years. You had Afghanistan. Nightmarish move. Horrible move. Terrible move.

Taliban has, once we're out of there, he's. taking the women back to the dark ages. To the dark ages. We left a ton of artillery there. How about Hamas and Israel? How about Russia and Ukraine? Oh, no, I am not blaming this administration for it, but I'm saying it happened under them.

And then there's the UN, the Trump-nominated Elis Stephanic as UN ambassador, God bless her. She's great. She was terrific when she was querying the morons at the colleges on anti-Semitism. And in case you don't know why we hate the UN, and the word hate doesn't come up very often here. It's usually dislike.

Last month, the Taliban banned women in Afghanistan from speaking in public. Imagine you're a woman. You can't speak in public. click, they're now being invited to attend the UN climate conference. We're not making this up. We are not making this up. The Human Rights Commission, the Women's Commission has the worst of the worst at the UN. Anyway, Elise Sophanic go into the UN and that's good.

You know why it's good? Because she's logical. We love logic. We want logic. We want logical people. Logic. That's what we're about here. Logic.

Give me logic. Logic. 1 plus 1 equals 2. Give me logic. Give me logic. We really haven't talked about the men and women thing here in the bathroom and stuff like that,

but logic. Or men in women's sports. We just think logic. We're not racist. We believe in live and let live. But just logic. Anyway, so the media's having a just a

wow they are going to need a lot of valium in the months and days ahead as Trump picks his cabinet and people that are going to be running the show they're actually pissed off that there are two people

billionaires that are going to be on the efficient and effective government committee they were having fits last night it's fantastic.

And what does it have to do with you? Kids, if government is more efficient and effective, and every dime matters. And instead of us sending them a dollar and they spend a dollar 30, that they're doing things the right way, imagine that. Whoa. Whoa. And imagine more money staying,

in the economy, profits of business, money in the consumer's pocket. Imagine. That's why we kept saying how important this last election was because you had a candidate that is campaigning on taking money out of the economy and putting it in their hands, even though they just raised federal spending up 60 percent. in a few years and running two to three trillion deficits. And now, I mean, look, they can do whatever the hell they want to do as a campaign, but they gave $10 million to Beyonce.

Beyonce, what a genius. Whoever her agent is, what a genius. They gave her $10 million. She went up there for two minutes. She didn't even sing. $10 million. They could have given me $1,000. 5 million to Megan the Stallion.

What a great name for a person. Megan the Stallion. 2.3 million to Lizzo. 1.8 million to Eminem. Oprah got a million, but she said she didn't get a million. They're just now coming out and saying, it was just my company. That's still Oprah.

So she lied. And they're running deficits. And they're sending out e-mail. send more money. This was going to run our country. So now that Trump's going to be president, we will give him every opportunity to give great things. If he does great things, we will applaud him, will be pleased with him. If he screws up, we will call him on that carpet also.

If he does not follow through with some of his campaign promises, we will jump on him. And that's that. He met with Joe Biden today, and I got to think Joe Biden's probably his best friend right now. You know human nature, right? You do know that Kamala Harris was part of the coup. She knew all the way. You do know that she sat next to Joe Biden's wife yesterday for some event, and the wife wouldn't even turn towards her.

You know, human nature says Joe Biden was rooting for Trump to win the election. election. You do know that, right? Seriously. He's so happy right now, I can't even begin to tell you. And that is all on this front. 10 million to Beyonce for two minutes. 10 million for two minutes. All right, before we get back to the market, another news. Susan Sarandon, actress is blacklisted from Hollywood. She's all upset and she's apologizing for anti-Semitic comments. Yeah, it's real smart to be an anti-Semitic actor when the producers that you want to do a job with are Jewish. Just letting you know. You know who John Morgan is?

One of the big PI attorneys of this world. I used to live in his neighborhood here in Lake Mary, Florida. He's huge. And a huge Democratic donor. In fact, we had Obama in our neighborhood. We had Clinton in our – we've had all the big mucky mucks in our neighbor. But he would not back Kamala Harris. He was pissed off that there wasn't a prime.

I respect this man big time. By the way, they do a lot of Morgans with the boys and girls clubs of Central Florida also. So they're very terrific people, very philanthropic. John Morgan tweets, it's as if Bernie Madoff was in charge of the money. It all wreaks a corruption and graft. A full investigation is the first order of business. How much commissions were paid to the grifters at Future Forward and still 20 million in debt? It is political. He's talking about his own party. I love honest people. Just letting you know. So that's a little bit of the tidbits right now. As I speak out 148, NASDAQ up 40, NASDAQ 149, transports up 183, and software stocks, dang. Software, very strong. Up next, what else is going on the market? We'll give you the good, the bad, the indifferent. I'm Gary.

This is the one only investor's edge. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions. to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day.

or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts

about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed sponsored jobs.

You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted direct. on Indeed are 95% more likely to report a higher than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast.

Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. Success starts with your drive. An American public university is here to fuel it. With affordable tuition and over 200 flexible online programs,

APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, Our programs are designed for people who never stop. You bring the fire. APU will fuel the journey. Learn more at APU. APUS.edu. We'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. It comes highly recommended. You're going to feel better if you talk to him.

So, you know, we fundamentally, do not believe in the Bitcoin. We don't know what the hell it is. We really don't. We like to say we do. We hear people say, well, it's this, that, and the other thing. And okay, if they say so, we don't believe there's anything that backs it up. There's no earnings and sales. There's no company. And we're being told why it's such a great thing. Well, price is going up. So it's a great thing. And we don't know whether it's going to continue or not. We just want you to remember some things going forward,

and that is technical analysis. As we said to you, if it would break out above the eight-month range, it will lead to some decent gains of unknown, how much, how far? Just letting you know the GBTC that represents price of Bitcoin. well the breakout occurred on the gap on the election that was around 59 to 60 one two three four six trading days ago that day it's 72 let's call it 20 percent the i b i t

uh gaped up to about 43 it's about 18 to 20 percent these are just a Exchange traded funds that measure the move in Bitcoin. So just letting you know, we gave it out on a purely technical basis, purely technical basis. Because again, and just so you know, we have some very good friends that are neck deep in this stuff. They've been in it for a while. They're doing well in it. the last bare market had it dropped 75% just letting you know

in fact let me give you a number here in the last bear market it went from a high in November of 21 of 49 for the GBTC went to $6.65 cents we're not saying that's going to happen we just think it's an asset that's all

we just think it's an asset and we're not even going to use the word bubble or mania, we just think it's an asset that people are buying into. The guy, there was somebody saying it's going to be a million bucks again yesterday. And I'm just waiting for somebody doing that interview to say, so you're telling me somebody is actually going to buy this for $999,999,999, 999,000, $999,000, $99, and $199,000. That's the only way you can go to a million. You know that.

You do know that's how it works. Right? We'll see. We'll stay on top of it. Technical breakout. Whether it sticks or not, we really don't know. It's up in the trees right now. Very quick move.

And obviously, a very quick move because when the Presby United States is talking up something, you know, he's got some. Influence, don't you think? Whether or not it sticks or not, I don't know. The fact of the matter is, we like saying to you things like, hmm, let me pick out one for today. Spotify.

They reported earnings up 363% year over year. Sales, 25%. up year over year. That's the type of stuff we like saying to you. I can't even figure out what to say to you about Bitcoin. There's no store, there's no product, there's no sale, but broke out of an eight-month trading range. That's after it had gone up.

made a right turn for those eight months, found a support level pretty much at the same place during that time, and now has made a move. And we'll see where it decides to go. There's my answer. And notice, we're not putting it down. We're just letting you know what it's doing. It's your money. You get to decide. I will tell you that. I'm getting. I'm getting some calls from 85-year-old people wanting to buy Bitcoin. What do you think? I'm also getting calls on some rocket stocks and nuclear stocks. Do you know why? Because they've gone up markedly. Companies with no sales in nuclear, because there's talk of nuclear. Here's a symbol SMR has gone from 10 to 26 in three months.

They don't have any sales. By the way, it was one of those SPACs. And then when the SPACs dried out, it went from 10 down to 2. The recent move was 10 to 26. You know what we tell those people? You decide. That's all we can do. The same thing goes for the no sales biotechs.

Those are out there too. You never know when you get things like that. And we always use the same words, pick your poison. And when we use the word poison, we don't mean it that way. It's just that's a phrase. You just got to know what you're in.

And you got to know why. I had spoken to somebody today that it was a prospect on Walgreens the last year. We use Walgreens as a classic bear market chart pattern. And I'm just thinking as he's telling me this boy, oh boy, he could have just followed me and he saved him a lot of money. But Walgreens, wait a minute, hold on. They do 150 billion in revenues and make a lot of money. What the hell's going on there? Well, the sales have dropped, decelerated, earnings,

down big time, and they overbuilt. Things change. So here I'm talking Bitcoin that has nothing, but Walgreens, how is this stock crushed? Well, it's because things are heading south for the business. And I think I've said to you, if I stood at the closest Walgreens where I live and just did a little circle, and we'll use about three miles away, this probably... six Walgreens and CVS's, not to mention pharmacies in Walmarts and targets and Publix. I'm not sure if Winn Dixie has, but it comes out to there's just too many.

What do they got to do? And that's the story behind that. So we just give you an understanding here of, oh, you got the Bitcoin, but all Walgreens. So Bitcoin's going up that has nothing. and Walgreens does 150 billion in revenues, and the stock is squashed. Just trying to give you a little bit of understanding. Other things, China's still very weak. Another weekday in China.

Gold, another weekday. We let go of our gold a few days ago, and it's down a little bit since then. I'm not so sure the long term is dead on gold, maybe just a respite. But China, man, wow. And I'm being told some of it has to do with the hardliners in the Trump administration with China. Okay. I'll go. I'll go with that.

But I think there's a little bit, they've shown a little bit of desperation in China with some of their proposals. And I think the market's reacting to that. I got to tell you, though, I'm surprised that it's pretty much done a reality. round trip since that initial move up just about from that day and then we're talking about the china ETFs and then there's some individual names that are just dead meat and that's a little bit of what's going on to miss the market doubt 107 s mp 14 NASDAQ 25 NASDAQ 14 the transports man what else do we got for you? I'm Gary. This is the one known investors' edge.

Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal.

A lot of what I see is just like, chronic bloating, chronic stomach aches. Like, I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach ache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with.

So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can 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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed?

Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a... job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job.

for Indeed's sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. Success starts with your drive. And American Public University is here to fuel it. With affordable tuition and over 200 flexible, Online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop.

You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the guest's edge.

with Gary Culper. And welcome once again to Investor's Edge. 10 million to Beyonce. She's a genius. Hey, you give me 10 million. I'll go on stage for two minutes and say, you got to vote for Kamala. And they gave it to her.

That's amazing. That's utterly amazing. On one end, on the other end, utterly moronic. Don't you think they got to got away with 5 million? You think Beyonce would have said no with $5 million? $1 million. And Megan the Stallion, the greatest name on earth, almost.

$5 million. She twerked on stage. Is that what it is? twerking. I don't know. A couple weeks ago, I had said European stocks were an all-time high, but the European earnings per share estimates were two-year lows. And we'll see how that plays out.

Do you remember that? I do. European stocks, they bounce towards the clothes today, but boy, oh boy, I can tell you, France, really ugly. United Kingdom, ugly. The DAC's just a little topy, a little topy at the highs. We'll see how that plays out. I mentioned China. This is what we may mean by desperation.

China's offering low interest rate loans for companies to buy back shares. So you go to the government, they're going to give you money, you're going to pay them a yield, and you're going to buy back your shares to goose your stocks, even if things suck. Interesting. I mentioned towards the end of the show yesterday, there was a recent wealth tax increase. I mentioned again because we ran out of time. There was a wealth tax increase in Norway. they said it would bring in additional 146 million in yearly tax revenue.

It lost 594 million in yearly tax revenue. 54 billion of wealth left the country. Interesting, huh? Everything we tell you works. We've told you what happens. We tell you that. We love when we read these things and then we investigate them. And by the way, for those that did not know, in May, we ran a $347 billion deficit in June 660 in July 244 in August 380.

Do I need to go on? This is all leading up to the election trying to goose the economy. That's why I've been worried about economic numbers. Those all go into GDP, ladies and gentlemen. Just letting you know. We still have not heard anything about the $41 billion in climate change funds that they cannot find at the World Bank. We sent that to Vivek and Elon to investigate.

Though I don't think there's any oversight over the World Bank, but I do believe there's a lot of tax dollars in there. Interesting, huh? And those are the little bits of the tidbits today. You know what we haven't done in a very long time? scams and shams and things like that. Let me just tell you the calls I've been getting lately. I've been getting a bunch and they're scams.

To me to invest privately in AI companies, artificial intelligence, and it's not too hard to figure out. When you ask for backup and more backup and more backup, you don't get much. And typically there's nothing there there. Just be careful. Do your homework. Getting a lot of that as of late. And what you have to remember about the scammers, they are very good at knowing what's hot.

There'll be a bunch of Bitcoin scams coming up soon because it's hot. When oil was skyrocketing a few years back, they were calling on oil. And the oil well in Midland, Texas, and who the hell knows where else, they're just very good. We ask you to keep your feet on the ground. The one that called me today was trying to tell me what a great job they were going to do for me, how I was getting a 15% discount to the market of this whatever. Why would they give me a 15% discount on something and they don't even know me? Just the little things.

We just want you to be careful with your money. They are out there. They are out there in droves. and we expect with crypto doing what it's doing right now, they're going to be out there too. If you want to invest in crypto, the Bitcoin, GBT and IBIT is directly tradable in the markets for the price of the Bitcoin. If you're insane and you want to buy something that's more high octane, it's micro strategy that leverages. and buys, but we also want you to be careful of companies. I'm going to give you an example of something.

Oh, I had it here somewhere, darn it. I am finding out that companies now are trying to issue stock and buy Bitcoin with it to goose their stock. I saw a $1 name earlier, and darn it, I didn't write it down. I apologize. We just want you to be careful. about that. These things will go up and they will go down. It's not for the feign of heart. It's not for the retiree. Just watch yourself. As we close, the Dow's up 85, NASDAQ only up 5, S&P up 10, transport's still in good stead, semiconductors are an issue, and yields 4.44, be watching them. You all have a great evening drive carefully. I'll be on with Varney and Company 9.5. am tomorrow and 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 and thank you for letting us do an early show today good night this has been investors edge with gary cult bomb on biz talk to listen to past episodes or to get in contact with gary k go to gary k dot com that's gary kd com struggling to see up close make it visible with viz Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.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.