WEBVTT 1 00:00:00.040 --> 00:00:03.160 For one preset for instant access to the information that 2 00:00:03.279 --> 00:00:07.440 affects you. Always on fifty five KRC the talk station. 3 00:00:10.160 --> 00:00:12.880 It's Stato six here petbove Gar CD talk station. It 4 00:00:13.000 --> 00:00:14.880 being Monday, it's that time of week what we do 5 00:00:14.880 --> 00:00:17.280 the thing we call Monday Monday with all what financials. 6 00:00:17.320 --> 00:00:21.039 Brian James financial planner he is, and he's bringing us 7 00:00:21.239 --> 00:00:24.000 lately some bad news. Jeez, Brian, can you can you 8 00:00:24.000 --> 00:00:25.879 put a smile on my face one of these weeks? 9 00:00:25.920 --> 00:00:27.800 Welcome back, my friend. It's always good to have you 10 00:00:27.839 --> 00:00:28.320 on the show. 11 00:00:29.320 --> 00:00:31.239 Thanks for let me join you again. I gotta ask, 12 00:00:31.280 --> 00:00:33.799 do I do I give you like a negative kind 13 00:00:33.840 --> 00:00:34.520 of connotation? 14 00:00:34.679 --> 00:00:36.159 Do I do it do every time we talk it 15 00:00:36.200 --> 00:00:38.359 seems like it's bad anymore? Do you just think of 16 00:00:38.399 --> 00:00:39.960 me in terms of sadness? 17 00:00:40.200 --> 00:00:40.840 Of course not. 18 00:00:41.079 --> 00:00:43.119 You know, it's kind of like Dave how to do 19 00:00:43.159 --> 00:00:45.399 Tech Friday with Dave Hatter at six Thirday every Friday, 20 00:00:45.679 --> 00:00:48.640 and he's always warning us about just the absolute land 21 00:00:48.679 --> 00:00:50.960 minds that are lurking everywhere when you're online. You know, 22 00:00:51.039 --> 00:00:55.600 the scammers, the hackers, folks breaking into our infrastructure, sending 23 00:00:55.640 --> 00:00:57.600 you spam text that will end up taking over your 24 00:00:57.640 --> 00:00:59.799 phone or stealing your data, and it's it's depressing, but 25 00:00:59.840 --> 00:01:03.479 it's really important information. I mean, these are kind of 26 00:01:03.479 --> 00:01:05.120 things we need to know. I mean, you, of course 27 00:01:05.159 --> 00:01:07.799 focus towards the financial and try to get us to 28 00:01:07.879 --> 00:01:09.519 have the attitude that we need to take care of 29 00:01:09.519 --> 00:01:12.000 ourselves and how to do so, and how to properly 30 00:01:12.040 --> 00:01:14.480 plan for our retirement and how to manage things. So 31 00:01:14.719 --> 00:01:17.480 I think it's all valuable. Although you know what, negative 32 00:01:17.519 --> 00:01:19.640 news gets the clicks, and that's kind of what's been 33 00:01:19.680 --> 00:01:21.640 going on of late in the financial markets. I saw 34 00:01:21.680 --> 00:01:25.000 that weekly jobless claims jump to two hundred and forty 35 00:01:25.040 --> 00:01:30.239 one thousand, the latest sign of economic trouble in CNBC's headlines. 36 00:01:31.200 --> 00:01:34.959 So when you file for unemployment this is for first 37 00:01:34.959 --> 00:01:37.879 time filings. What does that specifically mean that the person 38 00:01:37.920 --> 00:01:41.200 who is filing for unemployment has never filed for unemployment before. 39 00:01:42.200 --> 00:01:44.879 The first time, and kind of this go around there's 40 00:01:45.040 --> 00:01:47.400 this is obviously complicated stuff, but yeah, this is a. 41 00:01:48.040 --> 00:01:50.280 That's kind of why I asked the question, because people 42 00:01:50.319 --> 00:01:52.239 read that number and I don't think they give any 43 00:01:52.280 --> 00:01:54.959 measure of thought to really what it entails or what 44 00:01:55.000 --> 00:01:56.200 it means. So I kind of wanted to get a 45 00:01:56.200 --> 00:01:59.680 little foundational point before we talk about the broader economic 46 00:01:59.680 --> 00:02:01.120 trouble that this might portend. 47 00:02:01.959 --> 00:02:04.319 Yeah, so a first time filer is literally somebody who's 48 00:02:04.480 --> 00:02:07.079 submitting a claim for the very first time during this 49 00:02:07.120 --> 00:02:11.199 specified period. It distinguishes new claims from continuing claims. That's 50 00:02:11.199 --> 00:02:13.360 why we have two. There's two different phrases you'll hear 51 00:02:13.560 --> 00:02:15.759 whenever we talk about job as claims, first time filers 52 00:02:15.759 --> 00:02:18.639 and continuing claims. So, yeah, and these happen, of course, 53 00:02:18.680 --> 00:02:20.719 whenever the economy tends to slow down a little bit. 54 00:02:20.759 --> 00:02:22.199 As you mentioned, we're up to two hundred and forty 55 00:02:22.240 --> 00:02:26.800 one thousand first time filers. That's up eighteen thousand from 56 00:02:26.840 --> 00:02:30.520 the week before, and the Dow Jones organization was estimating 57 00:02:30.560 --> 00:02:33.000 two hundred and twenty five thousand. Remember, everything in the 58 00:02:33.039 --> 00:02:36.319 financial markets, in the economic analysis has to do with 59 00:02:36.400 --> 00:02:38.039 what did we think was going to happen and then 60 00:02:38.080 --> 00:02:41.319 what actually happened. So a little above the estimates. But 61 00:02:41.360 --> 00:02:44.520 I don't think it's a shock to anyone. Most people 62 00:02:44.680 --> 00:02:48.080 know somebody who is directly impacted by the decisions that 63 00:02:48.120 --> 00:02:51.360 our administration is currently making, which in the very short run, 64 00:02:51.400 --> 00:02:55.719 here there's no way to for everyone to withstand all 65 00:02:55.719 --> 00:02:58.680 of these tariffs, all these extra challenges without some kind 66 00:02:58.719 --> 00:03:01.879 of reaction seeing companies say, you know what, we got 67 00:03:01.919 --> 00:03:03.360 to pull in for just a little for a little bit, 68 00:03:03.439 --> 00:03:05.159 and hopefully we'll make it through the other side and 69 00:03:05.199 --> 00:03:06.120 bring everybody back on. 70 00:03:06.240 --> 00:03:07.800 But there has to be a reaction to this right now. 71 00:03:08.039 --> 00:03:11.000 So there is some connection to the tariffs and people's 72 00:03:11.240 --> 00:03:14.599 dealing with the tariffs, preparing or otherwise reacting to them. 73 00:03:15.000 --> 00:03:18.840 That's connected with the higher weekly job claim. 74 00:03:19.479 --> 00:03:21.800 Absolutely, because because think about it this way, a tariff is, 75 00:03:21.840 --> 00:03:23.800 you know, whether we whether good, bad, or in different 76 00:03:23.840 --> 00:03:26.560 a tariff is an extra outlay of cash that a 77 00:03:26.639 --> 00:03:30.120 company has to start paying to keep its business going 78 00:03:30.159 --> 00:03:32.120 forward any way you want to slice it. That is 79 00:03:32.159 --> 00:03:34.319 the thing that's happening. So that means they might have 80 00:03:34.400 --> 00:03:37.599 to be backing off on other things. So maybe there's 81 00:03:37.639 --> 00:03:40.680 some some smaller product they sell or something like that 82 00:03:40.680 --> 00:03:43.240 that's just not all that viable, and therefore they may 83 00:03:43.280 --> 00:03:45.960 have to shut down that division or at least mothballet 84 00:03:45.960 --> 00:03:49.000 for a little while. That costs people jobs, and they 85 00:03:49.000 --> 00:03:51.240 may be looking for opportunities to save just so we 86 00:03:51.240 --> 00:03:53.360 can buy some time and I've got I've got clients, 87 00:03:53.439 --> 00:03:56.919 I've got some personal friends who are talking about we 88 00:03:56.960 --> 00:03:58.919 need to be able to bring in parts and raw 89 00:03:58.960 --> 00:04:02.840 materials from overseas. Didn't see these tariffs coming, you know, 90 00:04:03.000 --> 00:04:05.520 last year, so we didn't exactly plan for it, right, 91 00:04:05.599 --> 00:04:09.039 and we can't afford to double overnight or cost of 92 00:04:09.120 --> 00:04:11.439 good soul, which is basically what's happening here. Things got 93 00:04:11.479 --> 00:04:14.319 twice as expensive as they were last year. Nobody planned 94 00:04:14.319 --> 00:04:16.519 for that. The ones who have the you know, who 95 00:04:16.560 --> 00:04:19.399 have the deepest pockets and the best ability to weather 96 00:04:19.439 --> 00:04:21.040 the storm are the ones who are going to be 97 00:04:21.439 --> 00:04:23.560 here on the other side of it. But if you're 98 00:04:23.560 --> 00:04:25.560 not in that situation, then there's a lot of pain 99 00:04:25.600 --> 00:04:26.000 out there. 100 00:04:26.160 --> 00:04:28.720 Yeah, And I'm just part of me is kind of 101 00:04:28.759 --> 00:04:32.879 surprised at how quickly the implementation of the tariffs have 102 00:04:33.720 --> 00:04:35.759 went in and how quickly they've been implemented. It seems 103 00:04:35.759 --> 00:04:38.079 to me like there will be a very very complicated 104 00:04:38.120 --> 00:04:40.920 process that once you know, you declare whatever given tariff 105 00:04:40.959 --> 00:04:43.240 is going to be applied, you can actually connect it 106 00:04:43.279 --> 00:04:48.319 to an imported product and have that tax or that 107 00:04:48.399 --> 00:04:51.399 tariff ode right away. That's like the peace of God. 108 00:04:51.399 --> 00:04:52.920 I don't know, I don't know how they can accomplish 109 00:04:52.959 --> 00:04:54.480 that and how. That's why I'm kind of shocked that 110 00:04:54.519 --> 00:04:56.720 it has this immediate effect because the tariffs have only 111 00:04:56.720 --> 00:04:59.600 been in place now for what six weeks or two months? 112 00:05:00.560 --> 00:05:01.680 Yeah, So a couple thoughts on that. 113 00:05:01.720 --> 00:05:04.839 I mean, first off, this administration is a more so 114 00:05:04.920 --> 00:05:07.600 than any other administration in history, has been tearing band 115 00:05:07.639 --> 00:05:10.079 aids off left and right. Let's just do it, make 116 00:05:10.120 --> 00:05:12.399 a mass break things and then we'll move on. The 117 00:05:12.480 --> 00:05:14.600 other thing, too, is remember what the market is always 118 00:05:14.639 --> 00:05:16.800 trying to do, and what business people are always trying 119 00:05:16.800 --> 00:05:19.480 to do is anticipate. So, yes, the tariffs have only 120 00:05:19.519 --> 00:05:22.000 been in place for a short while, but we've been 121 00:05:22.040 --> 00:05:25.800 talking about them since really since November because Trump talked 122 00:05:25.800 --> 00:05:29.040 about them all through his campaign, so there's been a 123 00:05:29.079 --> 00:05:32.360 whole lot lot of anticipation about it. Business has started 124 00:05:32.360 --> 00:05:34.560 to rejigger and shuffle things. That's why we're seeing we're 125 00:05:34.600 --> 00:05:38.160 seeing we saw a decline in the overall GDP of 126 00:05:38.199 --> 00:05:40.759 the United States. It wasn't because demand fell or anything 127 00:05:40.800 --> 00:05:44.399 like that. It was because businesses were holding off on 128 00:05:44.680 --> 00:05:47.639 US based purchases of supplies and things that they need 129 00:05:47.879 --> 00:05:50.040 in favor of buying a bunch of stuff that they 130 00:05:50.079 --> 00:05:52.120 all they knew they would need kind of stocking up 131 00:05:52.160 --> 00:05:54.800 before the tariffs hit. So we saw a much bigger 132 00:05:54.839 --> 00:05:56.199 trade imbalance due to that. 133 00:05:56.600 --> 00:06:00.480 Right, And I saw an article about night Trial night 134 00:06:00.519 --> 00:06:03.480 Trial gloves as surgical gloves, and there is a US 135 00:06:03.519 --> 00:06:07.759 manufacturer then obviously could not compete with Chinese production because 136 00:06:08.000 --> 00:06:10.160 how much cheaper it is. But it's finally getting a 137 00:06:10.199 --> 00:06:12.560 whole lot more orders. So there's one business that has 138 00:06:12.639 --> 00:06:15.079 benefited from this, among other businesses that were in this 139 00:06:15.160 --> 00:06:17.800 article that I read about how the tariffs have helped 140 00:06:17.920 --> 00:06:22.439 US industries in certain areas. But he said he has 141 00:06:22.480 --> 00:06:24.759 a lot of customers that wouldn't do business with him 142 00:06:24.759 --> 00:06:26.560 because of the price of his gloves now coming to 143 00:06:26.639 --> 00:06:29.240 him and saying, hey, we need these gloves, and they're 144 00:06:29.279 --> 00:06:31.959 placing orders with his company because now his price is 145 00:06:32.000 --> 00:06:34.000 actually competitive with the tariff in place. 146 00:06:35.959 --> 00:06:38.040 Yeah. Now, now think of the downstream effect of that. 147 00:06:38.079 --> 00:06:40.800 So they're not these companies who are purchasing those gloves 148 00:06:40.800 --> 00:06:43.959 from him, These organizations, they are not saving money themselves. 149 00:06:44.000 --> 00:06:46.560 They're actually paying more than they were less. Exactly, it's 150 00:06:46.600 --> 00:06:47.639 still a cost. 151 00:06:47.439 --> 00:06:48.240 Increase for them. 152 00:06:48.279 --> 00:06:50.279 So this is going to be this will do a 153 00:06:50.319 --> 00:06:52.079 lot of damage with a lot of ripple effects from this, 154 00:06:52.199 --> 00:06:53.720 and it's going to take a lot of wherewithal for 155 00:06:53.759 --> 00:06:56.519 somebody to for organization to weather the storm. 156 00:06:56.519 --> 00:06:58.360 Well and real quick before we move on to the 157 00:06:58.399 --> 00:07:00.240 next topic, and we take a break before we do that. 158 00:07:01.279 --> 00:07:04.000 I've seen many articles and I'm sure you have too, 159 00:07:04.040 --> 00:07:07.639 Brian James Mallworth Financial China's economy is not doing real 160 00:07:07.680 --> 00:07:09.480 well and a lot of people there's been a lot 161 00:07:09.480 --> 00:07:11.759 of workers protesting in the streets that haven't been paid. 162 00:07:12.199 --> 00:07:15.879 And I saw most recent article US tariffs may drive 163 00:07:16.240 --> 00:07:19.759 China's economy into depression. Now, whether or not that's true, 164 00:07:20.120 --> 00:07:23.920 can you guess what that global ramification might be if 165 00:07:24.000 --> 00:07:26.319 China were to actually go into a depression but that 166 00:07:26.480 --> 00:07:28.920 have a profound impact or any impact on the United States? 167 00:07:30.079 --> 00:07:31.199 Well, I would. 168 00:07:31.360 --> 00:07:34.680 Everything's connected to everything, So if the United States sneezes, 169 00:07:34.720 --> 00:07:37.120 everybody suffers, that's what we're you know, we're beating the 170 00:07:37.319 --> 00:07:38.879 daylights out of the rest of the world. Were the 171 00:07:38.920 --> 00:07:41.879 decisions that we are proactively making right now. China is 172 00:07:41.879 --> 00:07:45.879 the world's second largest economy. So while while we are 173 00:07:45.920 --> 00:07:50.439 in direct of somewhat violent competition with them. Economically speaking, 174 00:07:50.800 --> 00:07:53.720 if if China ends up going into recession, that means 175 00:07:53.800 --> 00:07:56.160 they will spend less money and there will be other 176 00:07:56.240 --> 00:07:59.199 trade imbalances changing. There will definitely be ripple effects from that. 177 00:07:59.519 --> 00:08:02.160 Because you're rooting for them or rooting against them, they 178 00:08:02.199 --> 00:08:05.120 still factor into the equation. So if they're suffering and 179 00:08:05.199 --> 00:08:07.600 they're not spending as much money, then that means there 180 00:08:07.639 --> 00:08:10.040 are other other impacts that will happen to other countries. 181 00:08:10.079 --> 00:08:13.519 There's just a great reshuffling of the decks. This is 182 00:08:14.199 --> 00:08:17.399 again globalization as how we got here. Everybody's connected to 183 00:08:17.439 --> 00:08:20.319 everybody else. So if one sneeze is everybody else gets 184 00:08:20.360 --> 00:08:21.800 a cold. That's kind of how it's been for a 185 00:08:21.800 --> 00:08:24.120 while now. So I would very much say that any 186 00:08:24.240 --> 00:08:27.160 any effect on such a large economy, such a large 187 00:08:27.680 --> 00:08:31.959 supplier of purchasing effectively, is going to have an impact. 188 00:08:31.959 --> 00:08:32.320 For sure. 189 00:08:32.519 --> 00:08:34.960 Yeah, they do buy from other countries. I mean they 190 00:08:35.440 --> 00:08:38.159 we have an imbalance with China, but that is an imbalance, 191 00:08:38.240 --> 00:08:40.759 not a one sided. They only we buy from them, 192 00:08:40.879 --> 00:08:43.519 So I can see how that could impact us if 193 00:08:43.960 --> 00:08:46.639 they're not selling their stuff because they've gone into depression. 194 00:08:47.200 --> 00:08:49.919 Complicated it is, and what's what we got, Brian James. 195 00:08:50.000 --> 00:08:53.840 We'll talk about consumer confidence coming up. Young workers, well 196 00:08:55.240 --> 00:08:58.600 they have burnout and their concerned living paycheck to paychecks, 197 00:08:58.600 --> 00:09:02.720 plus mind blowing starter home prices. We'll talk about those 198 00:09:02.759 --> 00:09:05.240 subjects coming up with all Worth Financials Brian James. I 199 00:09:05.279 --> 00:09:09.240 hope you can stick around fifty five KRC the talk 200 00:09:09.320 --> 00:09:16.000 station for more information about contests on this station. Channel 201 00:09:16.000 --> 00:09:18.879 I says we got falling for the weather, bloudy day 202 00:09:18.879 --> 00:09:21.399 to day chances body afternoon showers of storm fifty seven 203 00:09:21.679 --> 00:09:25.720 overnight little forty eight, forty six with clouds and isolated showers, 204 00:09:25.840 --> 00:09:28.559 isolated showers and cloudy tomorrow the highest sixty five, same 205 00:09:28.639 --> 00:09:31.080 thing overnight, going down to forty nine. It'll be dry 206 00:09:31.120 --> 00:09:34.000 on Wednesday, but still mostly cloudy, and all who have 207 00:09:34.080 --> 00:09:36.080 to seventy five. It's fifty one right now in time 208 00:09:36.120 --> 00:09:37.919 for traffic from. 209 00:09:37.720 --> 00:09:40.360 The UCEL traffic center. When it comes to stroke, every 210 00:09:40.399 --> 00:09:42.919 second counts. That's why you see health is the clear 211 00:09:43.039 --> 00:09:46.559 choice for rapid life saving treatment. Learn more at useehealth 212 00:09:46.600 --> 00:09:50.440 dot com. Stapbound seventy five sloves a bit between Union 213 00:09:50.559 --> 00:09:52.960 Center and two seventy five, then a bit more through 214 00:09:53.039 --> 00:09:56.320 Lachmann stapbound seventy one. You're rocking on the brakes from 215 00:09:56.360 --> 00:09:59.600 two seventy five down to Red Bank. Cruis are working 216 00:09:59.639 --> 00:10:03.320 with an ag in on Cincinnati Brookville between Millville, Shandon 217 00:10:03.480 --> 00:10:08.039 and Chapelmer Chuck Ingram on fifty five KRZ, the talk station. 218 00:10:09.919 --> 00:10:13.159 K eighteen fifty five r C detalk station, Happy Monday, 219 00:10:13.320 --> 00:10:17.399 It's money Monday. It's Brian James pivoting over from jobless 220 00:10:17.399 --> 00:10:21.200 claims to consumer confidence. Not going in the right direction 221 00:10:21.279 --> 00:10:24.080 with consumer confidence, Brian James, what's the story on this one? 222 00:10:25.279 --> 00:10:28.360 Consumer confidence is down? Go figure. That's the shocker of 223 00:10:28.360 --> 00:10:28.960 all shockers. 224 00:10:29.039 --> 00:10:32.559 So fell by seven point nine points last month in April, 225 00:10:32.759 --> 00:10:34.320 all the way down to eighty six. This is the 226 00:10:34.399 --> 00:10:37.919 fifth consecutive month of declining confidence. And honestly, if you 227 00:10:37.960 --> 00:10:40.440 think about that, that coincides exactly with the election. So 228 00:10:40.519 --> 00:10:43.440 I think that there was a perception out there, and 229 00:10:43.480 --> 00:10:46.480 it's not that people don't support there's obviously a good 230 00:10:46.559 --> 00:10:49.159 chunk of the population that supports the Trump administration in 231 00:10:49.480 --> 00:10:52.759 the situations that they bring about. But at the same time, 232 00:10:53.240 --> 00:10:56.200 logic dictates that the decisions that are happening, their decisions 233 00:10:56.200 --> 00:10:59.039 that are coming out are are going to have a 234 00:10:59.080 --> 00:11:01.639 short term here, and the President himself has said that 235 00:11:01.679 --> 00:11:04.679 many times. So five months of declining confidences, people began 236 00:11:04.720 --> 00:11:06.679 to anticipate that these kinds of things are going to 237 00:11:06.720 --> 00:11:09.399 have an impact. So lots of pessimism around there, just 238 00:11:09.399 --> 00:11:12.840 future business conditions, employment prospects. I'm worried about my income, 239 00:11:13.000 --> 00:11:15.120 so on and so forth. And this is all kind 240 00:11:15.120 --> 00:11:16.840 of natural. This is the part of the cycle when 241 00:11:16.840 --> 00:11:20.360 we're rejiggering exactly how we present ourselves as a country 242 00:11:20.519 --> 00:11:22.279 to the rest of the world. We are making it 243 00:11:22.320 --> 00:11:25.080 more expensive to do business with us, that is, you know, 244 00:11:25.519 --> 00:11:29.519 the administration's goal here is long term gain for some 245 00:11:29.600 --> 00:11:31.759 short term pain, and so right now we're in the 246 00:11:31.799 --> 00:11:32.679 middle of the short term. 247 00:11:32.720 --> 00:11:35.559 Well, we live in an immediate gratification kind of mindset 248 00:11:35.600 --> 00:11:37.759 world these days. People aren't willing to wait it out 249 00:11:37.759 --> 00:11:39.879 to see what happens, and if it does, we do 250 00:11:40.039 --> 00:11:42.360 end up reaping the benefits that he has promised as 251 00:11:42.360 --> 00:11:45.759 a consequence of these So but if real time your 252 00:11:45.879 --> 00:11:48.080 job might be on the line, I can certainly understand 253 00:11:48.120 --> 00:11:49.240 your confidence would go down. 254 00:11:50.039 --> 00:11:51.440 Yeah, it doesn't make sense. 255 00:11:51.440 --> 00:11:53.960 I mean, this is just a situation where people are 256 00:11:54.360 --> 00:11:57.039 re examining exactly what their situations are. And as we've 257 00:11:57.039 --> 00:12:00.000 talked before, businesses themselves are having to make decisions. 258 00:12:00.039 --> 00:12:02.519 I want to ensure growth through this environment. 259 00:12:02.759 --> 00:12:04.759 That means I need to maybe take a hit here 260 00:12:04.840 --> 00:12:07.080 in the short run, and I have to shut down lines, 261 00:12:07.120 --> 00:12:08.279 I have to lay off some people. 262 00:12:08.279 --> 00:12:09.480 I would very much prefer. 263 00:12:09.320 --> 00:12:11.240 To keep those kinds of things, but I got to 264 00:12:11.320 --> 00:12:13.559 keep my nose just above water. Until we get through this, 265 00:12:13.600 --> 00:12:15.440 we can kind of get back to normal. So we 266 00:12:15.480 --> 00:12:17.720 are seeing some pretty steep declines in these confidence numbers, 267 00:12:17.759 --> 00:12:18.879 and we'll have to see where they go over the 268 00:12:18.919 --> 00:12:22.200 next few weeks. Well, and this might very well translate 269 00:12:22.240 --> 00:12:25.159 over to the leading industrial indexes S and P five 270 00:12:25.279 --> 00:12:29.279 hundred doubts that are I know we're down over the year, 271 00:12:29.279 --> 00:12:32.120 but I mean we've had some pretty big jumps of late. 272 00:12:32.200 --> 00:12:36.080 It's as if the market is resisting the concerns expressed 273 00:12:36.080 --> 00:12:37.320 by the masses. 274 00:12:38.240 --> 00:12:39.000 Well, I remember what. 275 00:12:39.000 --> 00:12:41.279 We talked about that the market is always trying to 276 00:12:41.320 --> 00:12:43.679 anticipate what's coming next. So yeah, there was a very 277 00:12:43.679 --> 00:12:46.720 big boying about a month ago. We hit the Well 278 00:12:46.759 --> 00:12:50.519 we're still down for the year, but the Nasdaq was 279 00:12:50.559 --> 00:12:54.440 down fifteen eighteen percent at its very lowest point. Now 280 00:12:54.480 --> 00:12:56.679 as we're sitting here, it's only down about seven percent. 281 00:12:57.080 --> 00:13:01.080 Everything bounced in early April, and as we've talked about before, 282 00:13:01.600 --> 00:13:04.759 if you are a diversified portfolio holder, meaning you got 283 00:13:04.759 --> 00:13:06.080 a little bit of everything, you got a horse in 284 00:13:06.120 --> 00:13:08.080 every race, then you're actually doing okay. 285 00:13:08.159 --> 00:13:08.320 Well. 286 00:13:08.360 --> 00:13:10.840 A lot of diversified portfolios are actually up for the year, 287 00:13:10.879 --> 00:13:12.799 believe it or not, because there are other things out 288 00:13:12.840 --> 00:13:15.240 there then the S and P five hundred, I'm speaking 289 00:13:15.279 --> 00:13:19.480 specifically of international companies, which again are up fourteen percent 290 00:13:19.559 --> 00:13:22.440 year to date. If you're somebody who abandoned everything but 291 00:13:22.559 --> 00:13:25.440 the US over the past fifteen years because of how 292 00:13:25.440 --> 00:13:27.559 the S and P five hundred have performed, then you 293 00:13:27.600 --> 00:13:29.759 are now missing out on a more stable. 294 00:13:29.399 --> 00:13:30.720 Portfolio because of all this. 295 00:13:31.440 --> 00:13:34.039 But yes, about a month ago, things bounced back up 296 00:13:34.080 --> 00:13:36.919 because the market is simply anticipating that these tariffs are 297 00:13:36.919 --> 00:13:40.159 going to come and go. Eventually, cooler heads will prevail 298 00:13:40.279 --> 00:13:43.440 and everybody will find their new position in all of this, 299 00:13:43.639 --> 00:13:46.840 and the market will go forward. Underneath, things are relatively healthy. 300 00:13:46.879 --> 00:13:50.000 There is still demand. We don't have a two thousand 301 00:13:50.000 --> 00:13:53.000 and eight type situation. The economy wants to go up 302 00:13:53.000 --> 00:13:55.480 and the market does too. We just need the fog 303 00:13:55.519 --> 00:13:56.279 to clear a little bit. 304 00:13:56.399 --> 00:13:59.159 Well, and since the experts and amusing my little quote 305 00:13:59.200 --> 00:14:01.639 fingers here are in the market, so the ones that 306 00:14:01.720 --> 00:14:03.720 run the businesses are the ones that do the the 307 00:14:03.759 --> 00:14:05.759 you know, the investment investment decisions. 308 00:14:06.759 --> 00:14:08.279 That's optimism right there. 309 00:14:08.440 --> 00:14:11.120 If they have fact with this bump in the markets, 310 00:14:11.200 --> 00:14:13.799 smart people know that things are going to get better 311 00:14:14.399 --> 00:14:17.080 at some point in potentially or possibly the near future. 312 00:14:17.120 --> 00:14:20.039 If the markets were tanking, all these smart people are saying, no, 313 00:14:20.120 --> 00:14:21.960 it's going to be it's going to hit the fan 314 00:14:22.080 --> 00:14:24.360 and it's going to be terrible. So that's a little 315 00:14:24.399 --> 00:14:26.279 bit of optimism built into this. If you're not even 316 00:14:26.320 --> 00:14:28.679 if you're not invested in the market, well they're saying 317 00:14:28.759 --> 00:14:30.240 things will probably be better. 318 00:14:31.080 --> 00:14:33.559 Yeah, and again I'll go back to anticipation. Those smart 319 00:14:33.559 --> 00:14:35.519 people have decisions they have to make, they have to 320 00:14:35.559 --> 00:14:38.639 grow their portfolios. And I'm not just talking about investment people, 321 00:14:38.639 --> 00:14:41.679 that's business people in general. They're moving things around to 322 00:14:41.720 --> 00:14:44.000 take advantage of what they see coming. I would remind 323 00:14:44.039 --> 00:14:47.360 everybody that the back in two thousand and eight, when 324 00:14:47.559 --> 00:14:48.960 you know a lot of people were invested then, and 325 00:14:48.960 --> 00:14:51.120 we most most of us remember that as kind of 326 00:14:51.120 --> 00:14:53.799 a benchmark of how scary things can be. The bottom 327 00:14:53.840 --> 00:14:56.879 of that market was March ninth of two thousand and nine. 328 00:14:57.120 --> 00:14:59.559 If you go back and read the headlines, Brian, you 329 00:14:59.600 --> 00:15:03.080 will not see positive headlines until around June of that year. 330 00:15:03.360 --> 00:15:06.279 So the headlines are always going to trail reality. The 331 00:15:06.320 --> 00:15:09.600 market wants to go up, it anticipates the good news coming, 332 00:15:09.639 --> 00:15:11.679 but it also makes a lot of false head starts. 333 00:15:12.000 --> 00:15:13.279 Well, and that was the other thing I was going 334 00:15:13.320 --> 00:15:16.039 to say in connection with consumer confidence, I mean, try 335 00:15:16.080 --> 00:15:18.080 to find a positive headline. 336 00:15:17.639 --> 00:15:18.080 In the world. 337 00:15:19.120 --> 00:15:21.559 It's it's a Sysivian challenge. 338 00:15:21.679 --> 00:15:24.039 You know, unless you look at things like you are 339 00:15:24.159 --> 00:15:26.600 sort of objectively looking at the market and recognizing the 340 00:15:26.600 --> 00:15:28.679 decisions that are making to keeping that have caused the 341 00:15:28.720 --> 00:15:31.879 market to bounce back. That's actually a positive story built 342 00:15:31.919 --> 00:15:34.759 into all of this. But everywhere you turn, it's woe's me, 343 00:15:34.919 --> 00:15:37.519 and this is terrible, and Trump sucks and you know, 344 00:15:37.639 --> 00:15:40.279 tariffs are killing everybody. I mean, it's just it's hard 345 00:15:40.320 --> 00:15:42.240 to find a bright spot in terms of what people's 346 00:15:42.279 --> 00:15:44.799 perception of how things are out in the world. 347 00:15:45.320 --> 00:15:48.039 But we're not the experts. Really we're just sort of 348 00:15:48.039 --> 00:15:48.559 living our. 349 00:15:48.480 --> 00:15:52.240 Lives day to day, and that's you know, I think 350 00:15:52.360 --> 00:15:55.120 people a lot of people are quite off and influenced by, 351 00:15:55.159 --> 00:15:58.600 of course what they read, and it maybe has no 352 00:15:58.639 --> 00:16:02.679 connection with necessary reality. Yeah, and that's that's why we 353 00:16:02.759 --> 00:16:04.519 have to step back and look at the forest, not 354 00:16:04.639 --> 00:16:05.159 the trees. 355 00:16:05.279 --> 00:16:08.399 So again that's we we focus always on financial planning. 356 00:16:08.759 --> 00:16:10.879 We have to deal with this stuff. Something's got to 357 00:16:10.879 --> 00:16:13.240 grow and keep up with inflation. That's going to involve 358 00:16:13.279 --> 00:16:16.159 the stock market in some way, shape or form for everybody. 359 00:16:16.480 --> 00:16:18.519 This is what comes along with it. So let's understand 360 00:16:18.519 --> 00:16:20.799 the history and make sure we're not putting ourselves in 361 00:16:20.799 --> 00:16:21.679 a bad spot with it. 362 00:16:22.080 --> 00:16:22.200 All. 363 00:16:22.320 --> 00:16:25.200 Right, Well, we'll bring buying back and find out that, well, 364 00:16:25.240 --> 00:16:28.919 apparently young workers are ready to quit, burnout, pay concerns 365 00:16:29.000 --> 00:16:32.200 and I don't know from what job they're in now 366 00:16:32.240 --> 00:16:35.600 to what job they might take, but pay concerns driving 367 00:16:35.639 --> 00:16:38.720 exodus according to the study fines analysis, we're gonna hear 368 00:16:38.759 --> 00:16:41.639 about that. Plus, thank god you don't live in one 369 00:16:41.639 --> 00:16:44.559 of a multitude of California cities. The price of starter 370 00:16:44.679 --> 00:16:47.720 homes has just gone through the roof. But that's just 371 00:16:47.759 --> 00:16:49.879 not happening in California. It's happening all over. We'll get 372 00:16:49.879 --> 00:16:51.639 a little bit on that from Brian James as well. 373 00:16:51.639 --> 00:16:54.759 One more with money Monday, All with Financial Brian James. 374 00:16:54.600 --> 00:16:58.240 Stick around fifty five KRC. The Simply Money Minute is 375 00:16:58.320 --> 00:16:59.960 sponsored by Channel IM. 376 00:17:00.120 --> 00:17:01.799 With the forecasts, we're gonna have a cloudy day to 377 00:17:01.879 --> 00:17:04.880 day chances splotty afternoon showers fifty seven for the high. 378 00:17:05.359 --> 00:17:07.920 Chance of showers remains overnight clouds remain as well, forty 379 00:17:07.920 --> 00:17:10.359 six for the low. Sixty five tomorrow with again a 380 00:17:10.400 --> 00:17:14.119 cloudy day with isolated showers overnight same thing, clouds showers 381 00:17:14.160 --> 00:17:16.039 forty nine and a dry Wednesday. 382 00:17:16.160 --> 00:17:17.079 Glad to be able to say that. 383 00:17:17.200 --> 00:17:19.400 Seventy five for the high on Wednesday with cloudy sky's 384 00:17:19.720 --> 00:17:20.240 fifty two. 385 00:17:20.279 --> 00:17:22.640 Now traffic time from the. 386 00:17:22.599 --> 00:17:24.680 UCF tramps at the center. When it comes to stroke, 387 00:17:24.759 --> 00:17:27.000 every second counts. That's why you See Help is the 388 00:17:27.079 --> 00:17:30.759 clear choice for wrapping by saving treatment. Learn more at 389 00:17:30.880 --> 00:17:33.799 you see health dot com. Stap found seventy five slow 390 00:17:34.079 --> 00:17:36.759 just above fiveer off and on the red bank that 391 00:17:37.039 --> 00:17:40.559 is good for an extra five minutes. STATH found seventy 392 00:17:40.559 --> 00:17:43.640 five starting to clear past Union Center remains heavy in 393 00:17:43.759 --> 00:17:46.440 and out of Lockland northbound fourth seventy one, a bit 394 00:17:46.599 --> 00:17:49.440 slow from Memorial Chuck Ingramont fifty five KR. 395 00:17:49.519 --> 00:17:52.720 See the talk station Hey, twenty. 396 00:17:52.519 --> 00:17:55.359 Eight fifty five car c detalk station Hey, Very Happy 397 00:17:55.359 --> 00:18:00.759 Monday too. One more segment with all Worth Financials. Brian James. Brian, 398 00:18:01.359 --> 00:18:05.599 young workers are burned out. I just kind of laugh 399 00:18:05.640 --> 00:18:08.880 at that. I remember when I first started practicing litigation, 400 00:18:09.039 --> 00:18:11.400 you know, twelve hour days, six days a week, and 401 00:18:11.480 --> 00:18:14.640