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Speaker 1: Welcome to another episode of the Chicks on the Right

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podcast where we talk to our friend and sponsor of

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the show, Zach Abraham Bulwark Capital Management, and a lot

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happened over the weekend, Zach, And one of the big

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things is that Spirit Airlines, famous for its spirit on

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flights and on like in and around airports.

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Speaker 2: They are donezo.

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Speaker 1: And now everyone's talking about the fact that Democrats were like, no,

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you can't merge with Jet Blue. It doesn't matter what

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kind of financial dire straits you're in, too bad for you.

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So what do you think about how this is going

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to affect everybody's finances or financial particularly if they plan

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to fly.

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Speaker 2: We're planning to fly.

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Speaker 3: You know, it's to me that this is in so

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many ways, I think this is emblematic of a lot

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of issues that we have in this country where I

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feel like we're dealing with toddlers.

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Speaker 2: Yeah, well there's that, right, there is that.

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Speaker 3: But it's like we keep looking at at these problems

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for lack of a better term of like modernity, probably

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new problems that exist to just be our changing world

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around us and all that kind of stuff, and I

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feel like we're applying lenses or tools to these situations

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that have worked in the past and aren't are that

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aren't really relevant, Meaning this to me is a perfect situation.

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Speaker 2: Right.

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Speaker 3: So, like we're worried about anti trade or or monopolistic

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things as it relates to airlines, but not tech. You know,

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they'd be like, oh, well, you know, we stopped this

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merger and that, and you're like, who cares about a merger?

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Speaker 2: Right?

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Speaker 3: Each one of these big tech companies is a monopoly

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in and of themselves, right, Like monopoly has a total

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or excuse me, Facebook has a total monopoly on consumer.

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Speaker 2: Data, right. Google has a total.

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Speaker 3: Monopoly on search, and now they're extrapolating that with AI

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and so I look at those. Then I look at

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a business like airlines that has so many external pressures

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that kind of keep it on track, right, Labor costs, unions, oil,

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all that kind of stuff. So to step into the

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world we have today and think that you're somehow saving

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capitalism by not allowing Jeb Bluid's spirit to merge, that's

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just silly, you know what I mean? Like, yeah, just

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like I mean, talk about a problem that we don't

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need fixed. So I'm not an expert on I haven't

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dug into both companies financials. I don't know the arguments

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that the government has about monopolistic practices. It's so maybe

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there's some merit there, but on the face of it,

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it's one of those where you go, well, good, there's

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another win for the American people, right, like just just

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a waste of time and space, right, I just I

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mean generally that's what I think.

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Speaker 4: Do you think do you usually tell people, like I

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don't know if people ask you this or not about

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travel travel insurance, like what like what do you have

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any advice for people that are traveling, like say this summer,

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because I will be doing that, and like should you

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because a lot of these people are unless they were

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paid a certain or are they unless they paid for

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these tickets a certain way, they're not getting paid back

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and man, that would suck.

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Speaker 2: That would that way? That would super suck? Right? Yeah?

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Speaker 3: Well I yeah, so maybe I never so generally speaking,

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I don't ever pay for any of those insurance things.

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Speaker 2: You definitely no once you get inside insurance.

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Speaker 3: Like if you look at a car dealership, now I'll

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use that as an example, they make almost no money

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selling cars, right they I don't don't quote me, but

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probably sixty to seventy percent of their net revenue is

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attributable to their FNI departments, right, financing insurance, right, So,

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and the reason why is because it's right they sell

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you an extended warranty on a car, most of those

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cars don't need it, so that money just falls right

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to the bottom line. Right now, I'm not saying warranties

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are a bad thing in general, but I'm saying the reason. Look,

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anytime somebody's selling you insurance for anything, realize the reason

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they're selling it is because the overwhelming percentages that you're

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not gonna you're not gonna need it, right, You're not

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going to get paid out. And that's why insurance is

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one of the most profitable, wonderful businesses in the history

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of mankind.

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Speaker 2: Right.

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Speaker 3: Warren Buffett built his entire financial empire off the back

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of insurance companies for those for those same reasons. Right Why,

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Because you're getting capital every month every month, and so, yeah,

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it's it's a great business. So generally speaking, when you're

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looking at now, does that mean does that mean insurance

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is bad? No, I've got plenty of insurance, right, I'm

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just saying when it comes to things like that. Generally speaking,

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I wouldn't do it if you're you know, if you're

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getting super low cost airline tickets in this environment from

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a non major national carrier, maybe by the trip insurance,

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especially as long as this stuff is going on in

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the Middle East, because remember, like United Airlines announced, It's

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one of the crazy things about this stock market is

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just a remarkable right now because you watch the performance

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of airline companies stocks and they haven't been that bad.

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Like what's going on in oil markets and jet fuel

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right now is going to eviscerate.

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Speaker 2: All of their profits.

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Speaker 3: So it's they're going to be under They are under

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financial stress right now.

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Speaker 1: Which means we're all going to be if we travel,

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right Yeah, Well, and the prices are going to go Oh.

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Speaker 2: They already have. I mean they already have.

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Speaker 3: The airline ticket prices have gone way up, and unfortunately,

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based on the way things are going in the Middle East,

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I don't see that changing anytime soon. So things are

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going to get more expensive. Like eventually this will be

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over right eventually, but just just based yeah, right, but

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just based off where you're at right now. Look, they

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it's not comfortable. Things have gotten expensive but I'll just

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tell people get ready because you haven't even felt the

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feed through yet.

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Speaker 4: Yeah, so me yea. Food thoughts are going up and

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gas too, Like our kids just wrote us with yesterday.

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I mean, I'm in Texas and one of my kids

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wrote yesterday and she was like gas went up like

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fifty cents at this one gas station that they go to,

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and I was like.

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Speaker 1: It's even bad here, Like it's even inching up towards

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four dollars here, which is crazy.

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Speaker 2: Yeah, our area, you know, I fingers crossed.

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Speaker 3: I don't understand how it's actually stayed here because if

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you look, there's several different physical markets right now where

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physical barrels are selling for one to fifty plus. And

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if this, if this doesn't end soon, I don't understand

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how we can avoid that, just because there's just there's

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so much talking nonsense right now.

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Speaker 2: The whole situation is really basic.

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Speaker 3: Right You've got fifteen to twenty percent global oil production

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stuck by on the street.

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Speaker 2: There is no possible way to backfill that amount.

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Speaker 3: It doesn't matter how much Trump said the other day

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something about We're going to double the amount of oil

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production we put out over the next twelve months.

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Speaker 2: That's not possible, not even close.

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Speaker 4: So it just eventually it's just going to trickle down.

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It just hasn't trickled yet.

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Speaker 3: Yeah, it hasn't fed through yet. You're going to see

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it in food prices. You're going to see it in chemicals.

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You're going to see it in aluminium. You're going to

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see it in your EA. You're going to see it

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in sulfur. You're going to see it in fertilizer. It

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just it just is what it is. And and everybody's

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looking at this like it's an oil price shock.

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Speaker 2: It's not an oil price shock. It's an oil supply shock.

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Speaker 3: So it's not even that these other things are going

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to get more expensive, it's that you're just not going

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to be able to get them right.

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Speaker 4: Oh my gosh, Okay, I don't want to talk to

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you anymore.

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Speaker 3: Here's the here's the good news. I told you it

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was going to hit the stock market. I still eventually

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think it will. But you know, if you've been invested

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in tech and AI for the last two weeks, congratulations,

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because I've never seen a stock market rally like this

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with something like that happening at the same time.

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Speaker 2: Yeah, yeah, but that means it's like, you know, it's

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a wild world.

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Speaker 1: Bag bake, bake, bake. As you've said a million times

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to us. You've been like, nothing of about this stock

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market makes sense. So even when I see it doing well,

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I'm like.

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Speaker 2: Isn't doing it real?

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Speaker 4: Right? Yeah, he's got to get this figured out or

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they've got to get this figured out before July the fourth, y'all.

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Speaker 3: Well, and the other thing too, well yeah, and especially

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like the other thing is just you know, people think

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that I've been begging on Trump and I'm not.

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Speaker 2: I'm just sitting there going, guys A, this was really

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easy to foresee this issue. Unless you're a data guy.

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You look at the data.

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Speaker 4: You look at the data.

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Speaker 3: Right right, And I'm just sitting there going, ay, like,

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here's and here's the problem that I see currently. I

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really hope the blockade thing works. I really hope it

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brings them to their knees. I don't think it will.

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I hope that I'm wrong, But why don't I think

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it will? These are people this Ye're learning about a

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regime that effectively opted in right. They they continued doing

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things that meant that they were going to have economic

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sanctions on them.

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Speaker 2: For the better part of the last two years.

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Speaker 3: And they did that for ideological reasons, right, So they said, Okay,

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we will accept making less money, we will accept less

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cash flow for ideological reasons. Now you want me to

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believe that three weeks of blockade is going to stop them?

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Speaker 2: Yeah?

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Speaker 4: What if we say this morning, Iran's gonna Iran?

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Speaker 3: Yeah, And I and I just think, like, there I

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hear people saying their populace is going to rise up.

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Speaker 2: And overthrow the regime. I've been hearing that for forty years.

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Speaker 4: Yeah.

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Speaker 3: So the other thing is that that population you're talking

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about is unarmed.

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Speaker 2: Right, So it's just and I'm every day it goes on.

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I'm sitting there going, what are the freaking midterms going

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to look like? Right? And we worry about that too,

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that I know, we totally do.

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Speaker 1: Yeah, Well, this has been uplifting and listen, you know

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it is a good reminder that people need to get

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their financial houses in.

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Speaker 2: Order, no matter what.

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Speaker 1: And that is why we always like to talk to you,

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because then we can tell more people about you and

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how can find out more, maybe get a second opinion

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about their finance and.

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Speaker 2: Get daily update someone daily up. Yeah, step right, tell

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us well and then listen to your masterful transitions. Very amazing. Yeah,

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absolutely really is.

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Speaker 3: It's like it's like, yeah, just sitting at the feet

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of a great storyteller.

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Speaker 4: She's the Michael Jordan of transitions.

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Speaker 2: Yeah, she really is. She is the best I know.

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So yeah, so no easy to find it.

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Speaker 3: It's our daily podcast has actually been taking off, getting

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getting really popular apparently.

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Speaker 2: That story.

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Speaker 3: Yeah, find that on Know Your Risk podcast, Just search YouTube,

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Know Your Risk Podcast, go to Bullwardcapitalmanagement dot com. We

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got another roadshow I think coming up in the next

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two weeks, and just trying to explain to people, you know,

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one of our clients, our clients keep asking, wait a second,

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we're up fourteen percent this year, We're up fifteen percent

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this year's act. The market's only a five, and we're like, yeah,

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that that's a good thing.

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Speaker 2: That's what we're trying to do, you know.

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Speaker 3: So just explaining to people how we can outperform at

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times obviously not all the time, but more importantly, how

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we protect against risk and prepare a portfolio for all

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the risks out there right now. So yeah, not hard

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to find. Bowercapitalmanagement dot com. Zach Aabraham Know Your Risk podcasts,

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Not Hard to Love It, Thank You, XACT, Thank You Ladies.

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Speaker 2: Investment advisory services offered through Trek financialc and SEC Registered

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Investment Advisor.

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Speaker 3: The opinions expressed in this programmer for general informational purposes

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only and are not intended to provide specific advice or

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recommendations for any individual or on any specific security. Any

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references to performance of security so it thought to be

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materially accurate and actual performance may different.

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Speaker 2: Investments involved risk and are not guaranteed. Past performance doesn't

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guarantee future results. Trek twenty four three zero eight