WEBVTT 1 00:00:00.600 --> 00:00:02.839 This is Gary and Shannon and you're listening to kf 2 00:00:02.879 --> 00:00:05.360 I AM six forty the Gary and Shannon Show on 3 00:00:05.440 --> 00:00:07.280 demand on the iHeartRadio app. 4 00:00:07.440 --> 00:00:09.759 So we have substantial development in the home. 5 00:00:11.320 --> 00:00:17.600 You're getting it, pet, No, he's finally filed. Those are 6 00:00:17.600 --> 00:00:19.879 the only two options. I can't think anything else will be. 7 00:00:21.800 --> 00:00:28.679 We have cut the cord, canceled direct TV. Yes, oh yeah, 8 00:00:29.320 --> 00:00:31.399 no landline, no direct TV. 9 00:00:31.719 --> 00:00:33.320 You guys are like moving off the grid. 10 00:00:33.359 --> 00:00:36.280 We're amish. We're amish. 11 00:00:36.320 --> 00:00:36.880 Well listen. 12 00:00:36.960 --> 00:00:40.679 It's probably the only safe corner of the economy that 13 00:00:40.719 --> 00:00:41.759 hasn't been hit lately. 14 00:00:41.920 --> 00:00:44.840 This is the most shocking thing about the story about 15 00:00:44.880 --> 00:00:49.079 direct TV. My husband says, I'm going to call and 16 00:00:49.159 --> 00:00:52.799 cancel it. I said, thank you, because I can pinpoint 17 00:00:52.840 --> 00:00:56.359 the most frustrating moments of my life, and three out 18 00:00:56.359 --> 00:01:00.399 of five are a call with direct TV. Okay, I mean, 19 00:01:00.640 --> 00:01:04.400 it's been hell through the years, and it's just so frustrating. 20 00:01:04.480 --> 00:01:06.560 And it's usually when the football package isn't working, when 21 00:01:06.599 --> 00:01:07.079 I can't get the. 22 00:01:07.079 --> 00:01:07.719 Forty nine ers. 23 00:01:07.840 --> 00:01:10.560 Un So I'm already in an emotional stage. Sure anyway, 24 00:01:11.359 --> 00:01:13.200 and I ended up crying. I've ended up crying with 25 00:01:13.280 --> 00:01:15.799 direct TV. At least three times in the past. So 26 00:01:16.040 --> 00:01:18.079 when he offered a call in cancel, I thought, God, 27 00:01:18.120 --> 00:01:21.000 bless you. He said, the call, the whole call to 28 00:01:21.079 --> 00:01:27.400 cancel the service with direct TV took four minutes, four minutes, 29 00:01:28.280 --> 00:01:31.760 to which I said, maybe we shouldn't cancel. When have 30 00:01:31.840 --> 00:01:34.040 you ever had a call with Direct TV that was 31 00:01:34.120 --> 00:01:34.799 four minutes? 32 00:01:34.879 --> 00:01:35.120 Never? 33 00:01:35.480 --> 00:01:35.760 Never? 34 00:01:39.640 --> 00:01:42.359 Well, Direct TV stock is doing fine today despite the 35 00:01:42.400 --> 00:01:46.879 fact that you have canceled the service. And we saw 36 00:01:47.040 --> 00:01:49.799 the thousands of points that were lost on the Dow 37 00:01:49.920 --> 00:01:51.959 Jones Industrial Average over the course of the week, and 38 00:01:52.000 --> 00:01:54.959 then yesterday after the President had it about face when 39 00:01:54.959 --> 00:01:58.040 it came to tariffs, and we saw it go up 40 00:01:58.200 --> 00:02:02.879 more than two thousand points again, down sixteen hundred points, 41 00:02:02.920 --> 00:02:06.359 that's about four percent. S and P five hundred is 42 00:02:06.400 --> 00:02:09.400 down five percent. Nasdaq is down about five and a 43 00:02:09.439 --> 00:02:14.360 half percent. You mentioned the importance of these tj the 44 00:02:14.719 --> 00:02:19.680 Trader Joe's tote bags, and they're exploding in value. Gold 45 00:02:19.759 --> 00:02:22.080 is also up one hundred dollars an ounce right now. 46 00:02:22.120 --> 00:02:24.919 It's up aout thirty one hundred and seventy four dollars 47 00:02:24.960 --> 00:02:26.439 an ounce, which is. 48 00:02:26.840 --> 00:02:27.639 I mean, these are. 49 00:02:29.000 --> 00:02:32.879 In terms of the volatility and what we've seen in 50 00:02:32.919 --> 00:02:35.080 the market in just the last two weeks is more 51 00:02:35.080 --> 00:02:38.599 than I can remember in any even the crash of 52 00:02:38.639 --> 00:02:43.199 two thousand and eight. This is something that's just unprecedented. 53 00:02:43.319 --> 00:02:45.439 Just the swings that we have seen over the course 54 00:02:45.479 --> 00:02:47.680 of the last few days. Oil is down below sixty 55 00:02:47.680 --> 00:02:50.680 bucks a barrel. I mean all of this because of 56 00:02:50.719 --> 00:02:54.000 the uncertainty. We do not know what's going to happen. 57 00:02:54.520 --> 00:02:55.080 I like that. 58 00:02:55.120 --> 00:02:58.000 Jacket, thank you. You know why I like it. 59 00:02:59.400 --> 00:03:00.719 Because it doesn't have a collar. 60 00:03:01.719 --> 00:03:05.599 It's like it's dressy, but it's not dressy. 61 00:03:05.840 --> 00:03:09.680 It's comfortable, doesn't look comfortable too comfortable, it doesn't look 62 00:03:09.840 --> 00:03:13.240 it's a good color for you on you, and it's 63 00:03:13.280 --> 00:03:17.000 just a great jacket, Thank you. It kind of reminds 64 00:03:17.000 --> 00:03:20.159 me of my grandfather. He would always wear a suit, 65 00:03:20.360 --> 00:03:22.639 but he did have a similar jacket like that, which 66 00:03:22.680 --> 00:03:24.879 meant it was fun time. Like it meant like we 67 00:03:25.039 --> 00:03:29.840 go out for a drive to the windmill or something. Yeah, 68 00:03:29.840 --> 00:03:33.639 the windmill and in San Francisco and sunset. Oh, okay, 69 00:03:33.800 --> 00:03:36.639 you know the one I knew, the one near Ocean Beach, 70 00:03:37.639 --> 00:03:39.719 and he would wear that jacket. So maybe it's like 71 00:03:39.719 --> 00:03:40.639 a driving jacket. 72 00:03:40.680 --> 00:03:41.080 I don't know. 73 00:03:41.360 --> 00:03:46.080 I'm glad. I remind you of a grandfriend. You know 74 00:03:46.080 --> 00:03:46.479 what I mean. 75 00:03:46.639 --> 00:03:50.400 Bottom line is I adored my grandfather Grandpa. No, no, no, no, 76 00:03:50.479 --> 00:03:54.520 it's a great jacket. I ruined that compliment. It started 77 00:03:54.520 --> 00:03:58.479 off really well, started off nice, it started getting a. 78 00:03:58.479 --> 00:03:59.479 Little he was scary. 79 00:03:59.520 --> 00:04:01.639 And you said, it looks comfortable, but it doesn't look 80 00:04:01.800 --> 00:04:04.039 or no, it looks, but it doesn't look comfortable. 81 00:04:04.360 --> 00:04:04.639 It does. 82 00:04:04.759 --> 00:04:06.560 I mean, I didn't want to make it sound like 83 00:04:06.599 --> 00:04:10.400 it looks schleppy. So I wanted to say it doesn't 84 00:04:10.400 --> 00:04:12.000 look comfortable because I feel like if I say it 85 00:04:12.319 --> 00:04:15.680 looked comfortable, then it would come out like it looks schleppy. 86 00:04:16.040 --> 00:04:21.480 Okay, do you know who did not pay attention to 87 00:04:22.000 --> 00:04:26.879 one moment of the stock market barfing yesterday, barfing good 88 00:04:26.879 --> 00:04:31.439 and barfing bad? No, no, anybody who was at the Masters. 89 00:04:30.800 --> 00:04:33.399 Ah in shorts, not in shorts. 90 00:04:33.439 --> 00:04:36.160 There's a funny, funny article on the Wall Street Journal 91 00:04:36.199 --> 00:04:39.920 today about the Masters will draw a lot of high profile, 92 00:04:40.240 --> 00:04:44.199 big money people just because it's the world's most exclusive 93 00:04:44.360 --> 00:04:48.800 golf tournament. Right, you cannot have your cell phone with 94 00:04:48.879 --> 00:04:51.639 you when you're walking as a patron. Don't call it 95 00:04:51.680 --> 00:04:55.000 a fan as a patron walking through Augusta, nashvill Well, 96 00:04:55.120 --> 00:04:55.480 isn't that. 97 00:04:55.439 --> 00:04:58.240 Best case scenario. It's a big money person. It's like 98 00:04:58.279 --> 00:05:01.319 in the White Lotus when the guys lost his entire 99 00:05:01.879 --> 00:05:05.120 net worth and you couldn't have cell phones at the resort. 100 00:05:05.160 --> 00:05:06.800 It was perfect for him in the family because they 101 00:05:06.839 --> 00:05:11.000 couldn't see the devastation that was befalling them currently. 102 00:05:10.680 --> 00:05:13.560 Right, I mean, yesterday, they knew they were in for 103 00:05:13.600 --> 00:05:16.839 a bad day. They probably had no clue when the 104 00:05:16.879 --> 00:05:19.319 president turns it back and they'd jump up fifteen or 105 00:05:19.319 --> 00:05:19.839 twenty percent. 106 00:05:19.959 --> 00:05:23.519 I'm sure they got wind of that, not on the 107 00:05:23.560 --> 00:05:24.800 course they I'm sure they did. 108 00:05:25.000 --> 00:05:25.480 I'm sure. 109 00:05:25.639 --> 00:05:28.279 It's like cell phones on the sideline. You're not allowed 110 00:05:28.319 --> 00:05:30.720 to have cell phones on the sideline, but everybody knows 111 00:05:30.720 --> 00:05:31.720 when something happens. 112 00:05:31.800 --> 00:05:32.600 No, they didn't. 113 00:05:32.839 --> 00:05:34.439 The way that they described it in the Wall Street 114 00:05:34.480 --> 00:05:37.000 Journal is these guys were blissfully ignorant until they got 115 00:05:37.000 --> 00:05:38.839 their phones back as they were leaving Augusta. 116 00:05:38.879 --> 00:05:39.920 Well, then that's good news. 117 00:05:40.240 --> 00:05:42.839 Yeah, and that was the thing is, But these guys 118 00:05:42.920 --> 00:05:45.720 live and die moment to moment in the stock markets 119 00:05:45.759 --> 00:05:48.240 these days. Yeah, just these you know, well, if. 120 00:05:48.079 --> 00:05:51.319 They were that serious and they shouldn't have gone to Augusta. 121 00:05:51.560 --> 00:05:55.560 Well, some of them, I would assume probably did cancel plans, like, yeah, 122 00:05:55.680 --> 00:05:57.439 now's not the time for me to take a day off. 123 00:05:57.839 --> 00:05:59.040 That sounds beautiful, doesn't it. 124 00:05:59.160 --> 00:06:02.639 And they talk about especially the people that are playing, 125 00:06:03.279 --> 00:06:06.759 they talk about it just seems to be more involved. 126 00:06:06.800 --> 00:06:08.959 The fans are more involved because there's no distractions. 127 00:06:09.000 --> 00:06:11.959 They're not worried about taking a selfie with in the 128 00:06:11.959 --> 00:06:13.560 background or Jordan's speach. 129 00:06:13.600 --> 00:06:15.000 They should be banned from everything. 130 00:06:15.120 --> 00:06:15.680 That'd be great. 131 00:06:15.800 --> 00:06:17.639 When I think about Augusta, it's like you can hear 132 00:06:17.720 --> 00:06:22.800 the silence, right, it's just this this morning relaxing feel. 133 00:06:22.879 --> 00:06:24.800 I was watching some of the early rounds. I just 134 00:06:24.839 --> 00:06:27.079 had it on on one of the computer screens back there, 135 00:06:27.439 --> 00:06:28.680 and it was just peaceful. 136 00:06:28.959 --> 00:06:31.680 The sound of birds chirping on a golf course. I 137 00:06:31.720 --> 00:06:32.279 just love it. 138 00:06:33.639 --> 00:06:36.680 If we could just have birds chirping in here from 139 00:06:36.680 --> 00:06:38.920 time to time, I think that would be nice. If 140 00:06:38.959 --> 00:06:42.319 we did a segment where we just had birds in 141 00:06:42.360 --> 00:06:44.680 the background, I think that would be pretty nice. I mean, 142 00:06:44.720 --> 00:06:49.480 not aggressive birds, but just like Rose Garden white house birds. 143 00:06:50.439 --> 00:06:53.560 Could we do it minutes? Yeah, we could do that. 144 00:06:53.879 --> 00:06:55.319 I think we should do that when we do our 145 00:06:55.360 --> 00:06:56.160 wellness segment. 146 00:06:56.240 --> 00:06:56.959 Could we do that? 147 00:06:57.360 --> 00:06:58.800 We can try it? How about that? 148 00:06:58.879 --> 00:07:01.839 Okay? Maybe like cocaine? What is that? 149 00:07:02.120 --> 00:07:03.560 Don't try that. 150 00:07:04.360 --> 00:07:05.439 Don't try cocaine. 151 00:07:05.560 --> 00:07:11.240 No, but birds, But birds are much a better thing 152 00:07:11.279 --> 00:07:11.839 to just try. 153 00:07:11.920 --> 00:07:12.160 Once. 154 00:07:13.720 --> 00:07:17.360 I like this show, I should apologize. 155 00:07:18.439 --> 00:07:19.600 Are you distracted today? 156 00:07:19.759 --> 00:07:20.839 I had a lot of coffee. 157 00:07:20.959 --> 00:07:28.560 Ah, I had an extra couple of shots, Davy, don't 158 00:07:28.639 --> 00:07:29.319 encourage this. 159 00:07:29.839 --> 00:07:30.839 Oh it's fun to listen to. 160 00:07:31.000 --> 00:07:32.680 Yeah, okay, is that right? 161 00:07:33.959 --> 00:07:37.959 You're listening to Gary and Shannon on demand from KFI AM. 162 00:07:38.000 --> 00:07:40.639 Six forty stalks. 163 00:07:40.199 --> 00:07:43.439 Down sharply one day after Trump announced that pause on 164 00:07:43.519 --> 00:07:47.240 Terrace for ninety days, obviously a huge rally on Wall 165 00:07:47.279 --> 00:07:48.000 Street yesterday. 166 00:07:48.040 --> 00:07:48.800 You know what I was thinking. 167 00:07:48.800 --> 00:07:50.759 I was having one of those moments that you and 168 00:07:50.800 --> 00:07:52.720 I have had ever since we got that tip on 169 00:07:52.759 --> 00:07:56.120 bitcoin all those years ago, of like where we're sitting here, 170 00:07:56.199 --> 00:07:59.279 we're watching everything happen, yet we do nothing, Like we 171 00:07:59.519 --> 00:08:02.199 we know it's going to happen. We knew that the 172 00:08:02.240 --> 00:08:07.000 stock market was down, We knew that he would back 173 00:08:07.079 --> 00:08:09.680 off of this because he does not have the appetite 174 00:08:09.959 --> 00:08:15.439 to continue getting beaten to s on Wall Street. We 175 00:08:15.519 --> 00:08:18.240 knew that the stock market would rally once he did. 176 00:08:19.399 --> 00:08:23.360 If we were smart, we would have maybe made some 177 00:08:23.399 --> 00:08:26.319 phone calls to say, hey, let's make some moves smart 178 00:08:26.360 --> 00:08:29.519 people that have money or know what to do with money. 179 00:08:30.199 --> 00:08:33.440 And then even if we're playing with the twenty dollars that. 180 00:08:33.360 --> 00:08:37.279 We have, like to make a twenty two dollars, right. 181 00:08:38.039 --> 00:08:39.840 I don't know if it's I think a lot of 182 00:08:39.840 --> 00:08:42.519 people did pull the trigger on that who follow these 183 00:08:42.559 --> 00:08:45.120 things because it was obvious. It was obvious the stock 184 00:08:45.159 --> 00:08:47.159 market was down. It was obvious that Trump wasn't going 185 00:08:47.240 --> 00:08:50.559 to let it stay down, So why not make some 186 00:08:50.639 --> 00:08:52.960 moves then and then when he and then when he 187 00:08:53.000 --> 00:08:55.240 does make his move, and it goes up, and then 188 00:08:55.320 --> 00:08:59.279 you unload and then everything evens out today. Right, that's 189 00:08:59.320 --> 00:09:01.320 how you make money the stock market. Yet you and 190 00:09:01.399 --> 00:09:03.320 I sat here watching it all and just went. 191 00:09:05.480 --> 00:09:08.279 I'll speak for yourself. Oh really, No, I didn't. How 192 00:09:08.320 --> 00:09:08.960 would I? 193 00:09:09.000 --> 00:09:11.320 Well, don't you have somebody that's smart in your life? 194 00:09:11.440 --> 00:09:15.279 I do have somebody with dollars? But I didn't. I 195 00:09:15.320 --> 00:09:16.399 didn't even think about it. 196 00:09:16.440 --> 00:09:18.600 I mean, I it's that's one of those things that 197 00:09:18.679 --> 00:09:21.120 and again the difference between me and someone who has 198 00:09:21.159 --> 00:09:23.840 their phone taken away because they're a patronate to masters 199 00:09:23.919 --> 00:09:27.200 right now is that that's not something that I can 200 00:09:27.240 --> 00:09:29.559 you imagine. And this is why those guys jump out 201 00:09:29.600 --> 00:09:32.159 of the buildings on Wall Street. It's such a die 202 00:09:32.320 --> 00:09:35.559 I live and die by the sword. You're going to 203 00:09:35.600 --> 00:09:38.399 destroy your internal organs doing that. 204 00:09:38.679 --> 00:09:38.919 Now. 205 00:09:39.120 --> 00:09:42.120 For those anybody who made money yesterday, great for you, 206 00:09:42.240 --> 00:09:44.679 Good for you. And for everybody who lost money in 207 00:09:44.679 --> 00:09:46.399 their four oh one k and then got it all 208 00:09:46.440 --> 00:09:48.159 back and now they're seeing it go away again. 209 00:09:48.440 --> 00:09:50.200 Stop looking at your four to a one K. 210 00:09:50.399 --> 00:09:50.639 Yeah. 211 00:09:50.639 --> 00:09:54.200 I saw a couple of tweets in the past couple 212 00:09:54.320 --> 00:09:58.080 days of professional athletes are big money people being like 213 00:09:58.159 --> 00:09:59.919 I finally looked and it's off. 214 00:10:00.240 --> 00:10:01.240 It's like, what are you doing? 215 00:10:01.240 --> 00:10:01.720 Why are you? 216 00:10:02.200 --> 00:10:02.919 What are you doing? 217 00:10:03.159 --> 00:10:03.240 Now? 218 00:10:03.360 --> 00:10:06.399 I'll say this, we have the benefit of not retiring 219 00:10:06.440 --> 00:10:07.200 anytime soon. 220 00:10:07.559 --> 00:10:10.440 That's true, and athletes do not have that benefit. 221 00:10:10.840 --> 00:10:14.639 Well, I mean, but they also they're looking at millions 222 00:10:14.639 --> 00:10:18.200 of dollars that are being invested. So there, yeah, they 223 00:10:18.240 --> 00:10:20.879 see three hundred thousands money, it's going to be a 224 00:10:20.919 --> 00:10:24.639 couple thousand, right, So that's just one of those things 225 00:10:24.639 --> 00:10:28.159 that they've always told you is unless you need it tomorrow, 226 00:10:28.360 --> 00:10:31.120 stop looking at it. You're just going to drive yourself crazy. 227 00:10:31.200 --> 00:10:35.159 It's like a sore, you know, you know it's there 228 00:10:35.360 --> 00:10:37.600 like this, like my my injury from my fall. 229 00:10:37.799 --> 00:10:40.240 Okay, look at it. It almost looks like it's bruising a 230 00:10:40.240 --> 00:10:40.639 little bit. 231 00:10:40.679 --> 00:10:40.840 Did it? 232 00:10:40.960 --> 00:10:42.600 Did you bruise it or just scrape it? 233 00:10:43.000 --> 00:10:43.200 Well? 234 00:10:43.279 --> 00:10:48.519 I noticed on day two that it wasn't just a laceration. 235 00:10:48.919 --> 00:10:51.320 It was a contusion. 236 00:10:51.759 --> 00:10:55.879 So it is bruised because it was it rose, So yeah, 237 00:10:55.919 --> 00:10:57.159 it was also a bruise. 238 00:10:57.919 --> 00:11:01.159 So a contusion, a laceration, and an abrasion. Is that 239 00:11:01.200 --> 00:11:01.759 what we're dealing with? 240 00:11:01.840 --> 00:11:03.919 A slow speed fall. I wouldn't have said a laceration. 241 00:11:03.960 --> 00:11:04.879 I would set an abrasion. 242 00:11:04.919 --> 00:11:05.320 Abrasion? 243 00:11:05.399 --> 00:11:08.080 Yeah, this slow speed fall. Was that the only place 244 00:11:08.120 --> 00:11:09.240 that contacted the ground? 245 00:11:09.759 --> 00:11:14.639 I also, you know, just like every other child, I scraped. 246 00:11:14.279 --> 00:11:15.960 Up my palm, the inside of my palm. 247 00:11:16.000 --> 00:11:18.279 Were you wearing closed toed shoes? No, I was wearing 248 00:11:18.279 --> 00:11:21.120 flip flops. Oh that's right, flip flop toe. 249 00:11:21.120 --> 00:11:24.559 And Miss Patricia is a very pissed off about She's 250 00:11:24.759 --> 00:11:28.240 very angry about my flip flop usage. She says, you know, 251 00:11:28.279 --> 00:11:31.960 shoes were invented for a reason, you need to wear them. 252 00:11:32.320 --> 00:11:35.480 You don't wear shower shoes around. That's ridiculous. 253 00:11:35.799 --> 00:11:36.879 A lot of people do, though. 254 00:11:37.320 --> 00:11:40.320 Maybe that's why I do love that your imaginary friend 255 00:11:40.399 --> 00:11:42.600 chides you for your shoe choices. 256 00:11:42.879 --> 00:11:46.200 Right, It's like when I hurt my achilles, or I 257 00:11:46.200 --> 00:11:49.240 thought I hurt my achilles, and I said, hey, I 258 00:11:49.240 --> 00:11:50.240 don't know what to do about this. 259 00:11:50.320 --> 00:11:51.759 I'm coming from the world of football. 260 00:11:51.799 --> 00:11:53.759 And she said, well, before you go under the knife 261 00:11:53.799 --> 00:11:56.399 with your five million dollar contract, why don't you just 262 00:11:56.480 --> 00:12:01.720 try some hot cold and rubbing it like, yes, accurate, 263 00:12:02.200 --> 00:12:07.519 You're right. She's very real with me. My imaginary friend, Tyler. 264 00:12:07.240 --> 00:12:11.639 Durden spoiler alert is as a ballet teacher as opposed 265 00:12:11.679 --> 00:12:12.360 to a bare knuckle. 266 00:12:12.440 --> 00:12:13.720 Oh, she'll punch you right in the face. 267 00:12:13.759 --> 00:12:15.759 Well, I'm not saying she wouldn't. I'm just saying that. 268 00:12:18.159 --> 00:12:22.759 So as we see the euphoria fade a bit after 269 00:12:23.679 --> 00:12:28.039 Donald Trump paused the tariffs, most of them, i should say, 270 00:12:28.240 --> 00:12:31.600 for about ninety days, the reciprocal tariffs, at least. There 271 00:12:31.679 --> 00:12:33.720 are questions about what's going to happen. What is the 272 00:12:33.759 --> 00:12:37.320 future of our relationship with China. A couple of different 273 00:12:37.360 --> 00:12:40.679 places wrote it up today. We are in for a divorce. 274 00:12:41.440 --> 00:12:46.120 That the US and Chinese economies are head for a 275 00:12:46.360 --> 00:12:49.120 monumental split, is the way the New York Times put it. 276 00:12:49.559 --> 00:12:54.480 None of it is great news as of today, could 277 00:12:54.559 --> 00:12:58.120 be great news in the future. But again, the issue 278 00:12:58.120 --> 00:13:00.679 of patience and the issue of uncertainty is what drags 279 00:13:00.720 --> 00:13:02.240 down the economy more than anything. 280 00:13:02.360 --> 00:13:04.720 We're going to be talking up next with the head 281 00:13:04.759 --> 00:13:08.639 of equity trading at web Bush Securities. This is somebody 282 00:13:08.679 --> 00:13:12.559 who has spent his career looking at global markets forecasting 283 00:13:12.799 --> 00:13:16.080 what we can expect if a forecast can be made. 284 00:13:16.240 --> 00:13:19.240 We'll talk to him about what they're talking about over 285 00:13:19.279 --> 00:13:19.919 there at web Bush. 286 00:13:19.960 --> 00:13:20.639 When we come back. 287 00:13:21.799 --> 00:13:25.799 You're listening to Gary and Shannon on demand from KFI AM. 288 00:13:25.840 --> 00:13:27.279 Six forty US. 289 00:13:27.120 --> 00:13:30.200 Stocks today surrendering more than half of their historic gains 290 00:13:30.200 --> 00:13:33.039 from yesterday. We want to figure out what it all 291 00:13:33.200 --> 00:13:36.759 means and what we can anticipate happening for the rest 292 00:13:36.759 --> 00:13:37.240 of the week. 293 00:13:37.480 --> 00:13:40.679 So Hawkmanwellian is the managing director, head of Equity Trading 294 00:13:40.720 --> 00:13:45.120 at web Bush Securities and can help shed some light 295 00:13:45.159 --> 00:13:47.159 on all of this. We hope first of all, so Hawk, 296 00:13:47.200 --> 00:13:50.799 thanks for taking time for us today. Let's discuss what 297 00:13:50.840 --> 00:13:53.159 we know has happened over the course of say, the 298 00:13:53.240 --> 00:13:55.960 last twenty four hours in terms of the way the 299 00:13:56.000 --> 00:14:00.399 markets reacted. Not a surprise that we saw a significant 300 00:14:00.559 --> 00:14:05.240 and immediate jump on Wall Street yesterday. Is it a 301 00:14:05.279 --> 00:14:07.720 surprise at all that it pulled back quite a bit 302 00:14:07.840 --> 00:14:08.399 this morning? 303 00:14:10.279 --> 00:14:12.320 Thanks for having me back on. You know, it may 304 00:14:12.360 --> 00:14:15.080 be a surprise to many that we've you know, pulled 305 00:14:15.159 --> 00:14:17.879 back as hard as we have again today. But I 306 00:14:17.919 --> 00:14:20.240 don't know if it really should be such a surprise, 307 00:14:20.360 --> 00:14:24.519 because we kicked, you know, from yesterday effectively coming out 308 00:14:24.559 --> 00:14:28.320 deciding to pause higher reciprocal tariffs for ninety days, so 309 00:14:28.399 --> 00:14:29.360 we basically kick. 310 00:14:29.240 --> 00:14:30.200 It out ninety days. 311 00:14:30.519 --> 00:14:37.960 However, the the the headwind to uncertainty in stocks, equities, markets, 312 00:14:38.000 --> 00:14:41.519 et cetera, still persists, and I think that's what investors 313 00:14:41.559 --> 00:14:46.480 are having trouble or certainly grappling with again today. And 314 00:14:47.000 --> 00:14:49.679 you know, we're down some five hundred basis points on 315 00:14:49.759 --> 00:14:51.120 the S and P five hundred. 316 00:14:53.440 --> 00:14:56.320 We know that the terriffs are going to stay in 317 00:14:56.399 --> 00:14:59.120 place against China, it said about one hundred and twenty 318 00:14:59.120 --> 00:14:59.600 five percent. 319 00:14:59.639 --> 00:15:00.240 I believe. 320 00:15:00.639 --> 00:15:03.679 But one of the things that was not repealed yesterday 321 00:15:04.000 --> 00:15:07.759 was the ten percent across the board tariff. If that 322 00:15:07.919 --> 00:15:11.039 was all we saw, a ten percent across the board 323 00:15:11.039 --> 00:15:14.720 tariff that President Trump announced on inauguration day or whenever, 324 00:15:15.720 --> 00:15:17.480 where do you think we'd be Would we still be 325 00:15:17.559 --> 00:15:20.039 in a position where we were talking about trade war 326 00:15:20.200 --> 00:15:20.840 tariff war? 327 00:15:22.720 --> 00:15:26.360 Uh? So, very good question. Two things to that. 328 00:15:26.519 --> 00:15:30.120 Number One, if we saw just a ten percent, then 329 00:15:30.159 --> 00:15:32.600 I think we would have a meaningful rally from these 330 00:15:32.720 --> 00:15:37.240 levels because it would remove a lot of uncertainty. 331 00:15:37.559 --> 00:15:39.039 The second thing I would. 332 00:15:38.840 --> 00:15:42.639 Say to that, though, is you know, the China tariff 333 00:15:43.639 --> 00:15:46.960 and the reciprocal China tariff, like, we just don't know 334 00:15:47.080 --> 00:15:49.799 yet if it's one hundred and twenty four percent number 335 00:15:49.799 --> 00:15:54.320 one hundred percent, we don't know, and that can really 336 00:15:54.519 --> 00:15:59.240 change if if it doesn't, I think we're gonna have 337 00:15:59.440 --> 00:16:04.000 a lot of a lot of headwinds still at this market. 338 00:16:05.799 --> 00:16:09.360 I would imagine we don't settle. 339 00:16:09.039 --> 00:16:13.159 At some hundred plus percent tariff with China, I would 340 00:16:13.279 --> 00:16:19.440 think that that gets negotiated lower. But that plus, if 341 00:16:19.480 --> 00:16:21.879 we did go to ten percent with everybody else, I 342 00:16:21.919 --> 00:16:25.519 think that would be quite the meaningful upside from current 343 00:16:25.639 --> 00:16:28.320 levels for equity prices? 344 00:16:28.679 --> 00:16:32.759 Are there safe zones away from the tariffs that have 345 00:16:32.919 --> 00:16:36.159 hit China and the tariffs seed they've hit us back with. 346 00:16:38.039 --> 00:16:40.320 I would say, I mean, I think I may have 347 00:16:40.399 --> 00:16:43.919 discussed this on the program the other day. Safe zones, 348 00:16:43.960 --> 00:16:49.200 if you will, really today, around consumer staples, around some 349 00:16:49.279 --> 00:16:52.679 of healthcare, and around the utilities. I think these are 350 00:16:52.720 --> 00:16:59.000 probably the safer plays within equities today given everything that 351 00:16:59.080 --> 00:17:03.240 we know. But again an extremely fluid situation, and again 352 00:17:03.320 --> 00:17:06.440 we just don't know how these things will settle out. 353 00:17:06.799 --> 00:17:11.240 And we saw the kind of upside or unwind or 354 00:17:11.279 --> 00:17:17.000 tariff unwind yesterday that was quite violent on the hint 355 00:17:17.079 --> 00:17:18.440 of just kicking. 356 00:17:18.119 --> 00:17:19.079 Stuff down the road. 357 00:17:19.559 --> 00:17:24.279 Imagine if we got some clarity about, you know, exactly 358 00:17:24.319 --> 00:17:28.079 what the tariff percentages or the metrics will actually end 359 00:17:28.160 --> 00:17:31.440 up being, that could prove to be a nice tailwind 360 00:17:31.440 --> 00:17:32.039 for stocks. 361 00:17:32.160 --> 00:17:34.200 There are a lot of people that took advantage of this. 362 00:17:34.279 --> 00:17:37.759 We were talking earlier. I was talking earlier just you know, 363 00:17:39.799 --> 00:17:43.799 completely uneducatedly talking about it. And we've been sitting here 364 00:17:43.839 --> 00:17:46.599 watching this happen. We knew that the stock market was 365 00:17:46.640 --> 00:17:49.960 taken a pummeling. We knew that we saw it happening 366 00:17:49.960 --> 00:17:52.759 in real time. We also knew that, or at least 367 00:17:52.799 --> 00:17:54.559 I felt like Trump wasn't going to be able to 368 00:17:54.640 --> 00:17:57.079 let that go on for a longer period of time. 369 00:17:57.319 --> 00:17:58.880 I thought that he would put a stop to it, 370 00:17:58.960 --> 00:18:01.279 because you just can't take that much of a beating, 371 00:18:02.480 --> 00:18:06.039 and that was kind of inevitable it happened. You would 372 00:18:06.079 --> 00:18:08.319 know that the market would rebound the way that we 373 00:18:08.359 --> 00:18:11.359 saw it rebound for a time, and then you knew 374 00:18:11.400 --> 00:18:13.240 that it would kind of level off. I mean, that's 375 00:18:13.279 --> 00:18:16.720 just common sense if you're a casual observer of the markets. 376 00:18:17.079 --> 00:18:19.680 Were there a lot of people that took advantage of this? 377 00:18:19.839 --> 00:18:22.079 I mean, if if we're being able to predict what 378 00:18:22.559 --> 00:18:25.200 was going to happen just following the news and personality 379 00:18:26.519 --> 00:18:28.680 where other I would assume there's a lot of people 380 00:18:28.720 --> 00:18:29.599 that took advantage of this. 381 00:18:31.079 --> 00:18:34.599 Yeah, so you know that that's very difficult to say, 382 00:18:34.640 --> 00:18:36.400 I would think from. 383 00:18:36.240 --> 00:18:39.079 Our advantage anyways, we certainly did see some folks taking 384 00:18:39.119 --> 00:18:43.799 advantage yesterday of that big move higher in prices, just 385 00:18:43.880 --> 00:18:47.559 really across the board, every almost almost everything was higher yesterday. 386 00:18:47.720 --> 00:18:50.160 We certainly saw people take advantage of that. But I 387 00:18:50.200 --> 00:18:53.440 would also couple that with we also did see some 388 00:18:53.640 --> 00:18:57.160 decent pent up demand for stocks that have been beaten 389 00:18:57.279 --> 00:19:01.519 up so much. And there's a saying here there's buyers 390 00:19:01.559 --> 00:19:03.960 that live higher, and we saw some of that yesterday 391 00:19:04.079 --> 00:19:07.359 where when things are just crashing lower, people step out 392 00:19:07.400 --> 00:19:09.519 of the way. But as soon as people feel like 393 00:19:09.559 --> 00:19:12.759 there's some confidence or some clarity around a certain issue, 394 00:19:12.839 --> 00:19:16.079 you see buyers live higher, Meaning as prices go higher, 395 00:19:16.480 --> 00:19:18.519 folks do come in and face We saw a little 396 00:19:18.519 --> 00:19:20.599 bit of that yesterday, especially in some of the more 397 00:19:20.960 --> 00:19:25.359 beaten up areas of the market, where people took some 398 00:19:25.519 --> 00:19:29.200 solace in the President and the administration coming out and 399 00:19:29.319 --> 00:19:32.079 kicking these tariffs out in ninety days and started to 400 00:19:32.119 --> 00:19:34.720 try to buy some things that have been. 401 00:19:36.240 --> 00:19:37.920