WEBVTT 1 00:00:00.080 --> 00:00:02.359 Anytime. Take your info to go. 2 00:00:02.680 --> 00:00:06.599 I'm listening your I are powered by fifty five KRSS 3 00:00:06.679 --> 00:00:11.519 the talk station Ato six On a Monday, and a 4 00:00:11.560 --> 00:00:13.560 happy one to you, Brian Thomas. Always looking forward to 5 00:00:13.560 --> 00:00:15.480 this time we get to talk about money matters with 6 00:00:16.320 --> 00:00:17.280 all Worth Financials. 7 00:00:17.320 --> 00:00:18.600 Brian James. 8 00:00:18.719 --> 00:00:20.920 It is time for money Monday, Brian, Welcome back to 9 00:00:20.960 --> 00:00:22.519 the Morning Show and happy Monday to you, sir. 10 00:00:22.879 --> 00:00:25.359 Good morning, mister Thomas, and back at you, sir. 11 00:00:25.519 --> 00:00:28.320 Looking at the headlines of the Wall Street General futures 12 00:00:28.440 --> 00:00:31.359 up just slightly, but across the board in the Green 13 00:00:31.440 --> 00:00:35.439 I guess the situation in the war with Israel and 14 00:00:35.479 --> 00:00:38.520 Iran not impacting the markets too much. I guess since 15 00:00:38.840 --> 00:00:45.399 Israel's dominating Iranian airspace and knocking off targets one by one, 16 00:00:46.079 --> 00:00:48.000 it looks like that's not going to blow up to 17 00:00:48.039 --> 00:00:50.200 World War three or something. But at least the markets 18 00:00:50.240 --> 00:00:51.200 aren't reacting to it. 19 00:00:51.600 --> 00:00:53.960 Yeah, the market seems to be taking it in stride. 20 00:00:54.200 --> 00:00:56.880 Futures right now are up about anywhere from a half 21 00:00:56.920 --> 00:00:59.399 to one percent, depending on which one you're looking at. Friday, 22 00:00:59.439 --> 00:01:01.679 when this all kind of blew up, we had about 23 00:01:01.679 --> 00:01:03.840 a one to one point seven percent drop in the 24 00:01:03.960 --> 00:01:06.519 various market in disease, which that's to be expected because 25 00:01:06.560 --> 00:01:08.480 the market, as we always talk about, the market doesn't 26 00:01:08.519 --> 00:01:11.640 like unknown stuff. We don't like the unexpected, and we 27 00:01:11.680 --> 00:01:13.959 certainly don't want wars period, end of story. But at 28 00:01:13.959 --> 00:01:15.920 the end of the day, the world does keep on 29 00:01:16.040 --> 00:01:18.680 turning in the face of war, even if you look 30 00:01:18.680 --> 00:01:20.200 at and I don't want to go down this path 31 00:01:20.239 --> 00:01:21.359 at all, but just to give a little bit of 32 00:01:21.400 --> 00:01:23.920 historical context, and again not implying that this is happening, 33 00:01:23.959 --> 00:01:26.560 but even World War two, most of the years of 34 00:01:26.599 --> 00:01:28.480 World War two were positive. 35 00:01:28.040 --> 00:01:29.879 With regard to the stock market. We don't want any 36 00:01:29.920 --> 00:01:30.200 of this. 37 00:01:30.640 --> 00:01:33.280 But if you're sitting there going thinking, well, I can't 38 00:01:33.280 --> 00:01:34.560 do any about the war anyway, so I'm going to 39 00:01:34.599 --> 00:01:36.120 worry about the stuff that they do control, which is 40 00:01:36.120 --> 00:01:38.439 my own situation. There's nothing going on right now that 41 00:01:38.480 --> 00:01:40.719 should cause you to rush to the computer or rush 42 00:01:40.760 --> 00:01:42.400 to the phone, to dump everything you have or put 43 00:01:42.400 --> 00:01:44.079 it all in gold or any of that kind of stuff. 44 00:01:44.280 --> 00:01:46.719 It's just more painful. You know. 45 00:01:47.040 --> 00:01:49.400 Let's focus more on the human sacrifice that's occurring than 46 00:01:49.439 --> 00:01:52.879 the financial because that's not really happening anyway. Oil prices 47 00:01:52.920 --> 00:01:55.000 are moving around as would be expected. We did see 48 00:01:55.040 --> 00:01:58.159 a surge from sixty eight bucks to seventy eight dollars 49 00:01:58.159 --> 00:02:01.959 a barrel right after the real structor ins nuclear facilities, 50 00:02:02.000 --> 00:02:04.680 but then settled back down to about seventy two. You know, 51 00:02:04.799 --> 00:02:07.760 headlines do fuel this volatility, but history shows us that 52 00:02:07.760 --> 00:02:11.800 that these disruptions, for these smaller conflicts are typically pretty 53 00:02:11.800 --> 00:02:14.879 short lived. Markets are pretty have been pretty resilient, So 54 00:02:14.960 --> 00:02:16.919 let's not rush any conclusions. 55 00:02:16.360 --> 00:02:19.280 Fair enough on that. And I guess the military industrial 56 00:02:19.319 --> 00:02:23.599 complex is always something you put your money in. 57 00:02:22.800 --> 00:02:24.080 Yeah, raytheon. 58 00:02:24.319 --> 00:02:26.439 You know, it's like maybe that's one of the reasons 59 00:02:26.520 --> 00:02:29.360 the markets were stable in World War two, because everybody 60 00:02:29.400 --> 00:02:31.240 was churning out military hardware. 61 00:02:31.560 --> 00:02:33.759 Yeah, and I wouldn't say stable, I just mean not 62 00:02:33.960 --> 00:02:36.280 down for four years straight of you know, of a 63 00:02:36.319 --> 00:02:39.599 world war. And the reason for that is because generally speaking, 64 00:02:39.680 --> 00:02:43.360 anything that happens that surprises the world will eventually become 65 00:02:43.400 --> 00:02:45.879 a catalyst. The catalyst in World War two was, as 66 00:02:45.879 --> 00:02:49.439 you just mentioned, we became a military industrial complex. General 67 00:02:49.479 --> 00:02:52.960 Motors started making tanks instead of cars, and the rubber 68 00:02:53.000 --> 00:02:56.000 company started sending rubber overseas to the you know, to 69 00:02:56.240 --> 00:02:57.159 support the military. 70 00:02:57.400 --> 00:02:59.479 The end of the day, there's still money moving around. 71 00:02:59.479 --> 00:03:02.800 There are still consumers who become the government and the military, 72 00:03:02.800 --> 00:03:05.199 and there are still producers, so the money still flows. 73 00:03:05.479 --> 00:03:07.159 So that's what keeps economies afloat. 74 00:03:07.280 --> 00:03:09.240 And I would even throw out, you know, not that 75 00:03:09.319 --> 00:03:13.159 long ago with COVID in early twenty twenty. COVID made 76 00:03:13.240 --> 00:03:14.719 us all think the world was going to end. And 77 00:03:14.719 --> 00:03:16.639 if you look at what the stock market did between 78 00:03:16.639 --> 00:03:19.400 February and March of twenty twenty, it went off a cliff, 79 00:03:19.560 --> 00:03:21.680 But we don't remember that because we were all learning 80 00:03:21.759 --> 00:03:23.280 that we needed to go live in our houses and 81 00:03:23.319 --> 00:03:25.280 not come out for a while, and that was scarier 82 00:03:25.319 --> 00:03:27.400 than looking at financial statements. So by the time the 83 00:03:27.479 --> 00:03:30.719 dust settled on the market panic, then it had become 84 00:03:30.719 --> 00:03:32.919 a catalyst. That's where Zoom came from. Nobody had really 85 00:03:32.960 --> 00:03:34.719 heard of zoom much before. We all had to go 86 00:03:34.759 --> 00:03:36.599 home and learn how to use it. But now it's 87 00:03:36.680 --> 00:03:38.759 part of our lives and I know that, and I've 88 00:03:38.759 --> 00:03:41.680 said this on these airwaves before, you know, we all 89 00:03:41.719 --> 00:03:43.639 worth itself had to make sure that all of our 90 00:03:43.680 --> 00:03:46.400 advisors were able to communicate with clients. We needed similar 91 00:03:46.400 --> 00:03:48.639 desks setups at home. That means I have you know, 92 00:03:48.639 --> 00:03:50.840 I have a couple extra monitors, and you know, all 93 00:03:50.879 --> 00:03:52.479 of our employees are able to do that. And we're 94 00:03:52.520 --> 00:03:54.840 obviously not the only company that did that. I know, 95 00:03:54.919 --> 00:03:57.280 iHeart had to do the same thing as well. So 96 00:03:57.599 --> 00:04:02.240 anything that causes a curveball usually becomes a catalyst for somebody. 97 00:04:02.280 --> 00:04:04.400 Somebody's going to take advantage of the opportunity to make 98 00:04:04.439 --> 00:04:06.560 some money. And that's kind of what we're seeing right now. 99 00:04:06.960 --> 00:04:07.280 Yeah. 100 00:04:07.360 --> 00:04:10.560 Well, it's like artificial intelligence is changing the world as well, 101 00:04:10.599 --> 00:04:12.000 and we're all just going to have to roll with 102 00:04:12.080 --> 00:04:13.719 it and figure out where we are going to be 103 00:04:13.960 --> 00:04:16.879 in the you know, with with with this new concept 104 00:04:16.920 --> 00:04:19.600 and this new technology, it's going to change the world. 105 00:04:19.639 --> 00:04:21.600 Some people are going to lose jobs and others are 106 00:04:21.600 --> 00:04:23.879 going to be fine and safe and they're in I 107 00:04:23.920 --> 00:04:25.839 don't know, the impact is going to be far ranging. 108 00:04:25.879 --> 00:04:28.680 But we tend to adapt, right, I mean, isn't that 109 00:04:28.720 --> 00:04:31.360 the point We tend to adapt regardless of circumstances. 110 00:04:31.480 --> 00:04:32.959 Yeah, think of it as an opportunity. 111 00:04:33.000 --> 00:04:35.160 If if you are super close to something that that 112 00:04:35.199 --> 00:04:37.759 AI that you feel like AI could easily replace you, 113 00:04:37.800 --> 00:04:39.279 then it might be whove you to figure out how 114 00:04:39.319 --> 00:04:41.519 to use it in your environment to at least stave 115 00:04:41.600 --> 00:04:44.240 off what may be inevitable. But at the same time, yeah, 116 00:04:44.240 --> 00:04:46.680 these it's going to be an opportunity for somebody. So 117 00:04:46.680 --> 00:04:48.439 if you're if you're if you're again just off to 118 00:04:48.480 --> 00:04:51.480 the side worrying about AI changing things, well, then look 119 00:04:51.600 --> 00:04:54.040 look for what the opportunity is going to create. Where 120 00:04:54.120 --> 00:04:56.319 is it going to drive industry? And you can look 121 00:04:56.319 --> 00:04:58.560 at any period in the last couple decades and figure 122 00:04:58.560 --> 00:05:01.040 out what the catalyst was. Goes back, you know, going, 123 00:05:01.160 --> 00:05:02.720 I'm just going back to you know, twenty five years 124 00:05:02.759 --> 00:05:05.000 to when the Internet first became a thing and Yahoo 125 00:05:05.040 --> 00:05:07.279 and America Online were the big things. Well, that changed 126 00:05:07.319 --> 00:05:09.720 everything that we did. Then it became for a while 127 00:05:09.720 --> 00:05:11.360 it was real estate, and then that ran us to 128 00:05:11.399 --> 00:05:12.959 two thousand and eight. We ran that into the ground, 129 00:05:12.959 --> 00:05:15.360 and then it became mobility, mobile devices, so on and 130 00:05:15.360 --> 00:05:18.480 so forth. Everything is a catalyst. It creates an opportunity. 131 00:05:18.720 --> 00:05:21.560 Don't always look at everything as the end of something. 132 00:05:21.639 --> 00:05:24.000 Look at it as the beginning of something as well. 133 00:05:24.519 --> 00:05:27.279 Well, I understand that in terms of market we're going 134 00:05:27.360 --> 00:05:29.920 to get the US retail sales figures out. 135 00:05:29.959 --> 00:05:30.680 Is that tomorrow? 136 00:05:31.759 --> 00:05:34.800 Yeah, so big announcements said that that's coming tomorrow. But 137 00:05:34.879 --> 00:05:36.639 the highlight of the week is gonna be the Federal 138 00:05:36.639 --> 00:05:39.399 Reserve meeting we've got coming up on June seventeenth, eighteenth. 139 00:05:39.439 --> 00:05:41.279 This is where char Powell comes out and tells us 140 00:05:41.319 --> 00:05:43.639 whether he wants higher, lower interest rates, or no change 141 00:05:43.680 --> 00:05:45.959 at all. But yes, we've got a number of reports 142 00:05:45.959 --> 00:05:48.040 coming out this week that will help us with that. 143 00:05:48.120 --> 00:05:51.199 So we've had some recent soft inflation prints. That's a 144 00:05:51.199 --> 00:05:54.399 good thing we want that, meaning that, you know, a 145 00:05:54.439 --> 00:05:56.839 soft inflation print simply means that we were not looking 146 00:05:56.879 --> 00:05:59.759 at inflation. We're looking at it in a relatively benign 147 00:05:59.839 --> 00:06:04.279 man That has not, however, fundamentally altered what the Fed thinks. 148 00:06:04.759 --> 00:06:07.360 And there are there are actually a couple Fed governors 149 00:06:07.399 --> 00:06:10.160 out there who are advocating for no rate cuts at 150 00:06:10.160 --> 00:06:13.920 all this year. But overall, the stands from the Fed 151 00:06:14.000 --> 00:06:15.800 seems to be we really want to cut rates. It's 152 00:06:15.839 --> 00:06:18.120 not happening this week, but we do want to drop 153 00:06:18.199 --> 00:06:19.600 rates a little bit by the end of the year. 154 00:06:19.639 --> 00:06:21.720 So hopefully we'll stay on that pattern. We'll find out 155 00:06:21.720 --> 00:06:22.439 more later this week. 156 00:06:22.519 --> 00:06:24.480 Well, I mean, I think most people want the rate 157 00:06:24.560 --> 00:06:27.279 cut just because it's going to mean lower mortgage rates. 158 00:06:27.600 --> 00:06:30.160 That's typically the one ripple effect that we all feel, 159 00:06:30.480 --> 00:06:32.879 plus the amount of money we pay on our treasury bills. 160 00:06:33.399 --> 00:06:36.680 Lower is better because we of course continue to borrow 161 00:06:36.759 --> 00:06:38.600 and borrow and borrow and have to pay off at 162 00:06:38.600 --> 00:06:40.879 a higher interest rate. So a lot of reasons to 163 00:06:40.920 --> 00:06:42.639 want it. What's going through the Fed's mind and so 164 00:06:42.720 --> 00:06:45.439 far as them not cutting rates because you know, inflation 165 00:06:45.519 --> 00:06:47.879 has been comfortable at what two to two point three 166 00:06:47.920 --> 00:06:50.879 percent last several reports, which is about where they want it. 167 00:06:51.240 --> 00:06:53.040 Are they afraid that it's just going to go through 168 00:06:53.079 --> 00:06:53.680 the roof again? 169 00:06:54.399 --> 00:06:57.120 Well, yeah, they're afraid of setting up, you know, lighting 170 00:06:57.160 --> 00:07:00.720 that fuse because it can go quickly. As you just mentioned, 171 00:07:00.720 --> 00:07:02.360 there are plenty of people out there who really, really 172 00:07:02.399 --> 00:07:04.399 super want rate cuts. And the definition of that is 173 00:07:04.399 --> 00:07:06.399 anybody who bought a new house in the last three 174 00:07:06.439 --> 00:07:08.199 years and had to get a mortgage against it. Yeah, 175 00:07:08.199 --> 00:07:11.680 because they're paying six to seven percent. But the Federal 176 00:07:11.720 --> 00:07:13.759 Reserve is still looking at it won't take much to 177 00:07:14.120 --> 00:07:16.560 pop this off again, because there's enough unrest and enough 178 00:07:16.560 --> 00:07:18.199 crazy in the world. I mean, look at what we 179 00:07:18.279 --> 00:07:20.279 just got done talking about there's conflict in the world 180 00:07:20.279 --> 00:07:22.560 that will directly impact oil prices, and it is a 181 00:07:22.600 --> 00:07:24.560 little bit, you know, not to the point where we 182 00:07:24.639 --> 00:07:27.240 have to be alarmed yet, but at the same time, 183 00:07:27.319 --> 00:07:31.040 that's something that obviously will drive inflation. If we have 184 00:07:31.319 --> 00:07:34.160 this conflict spreads and we wind up with inflation in 185 00:07:34.240 --> 00:07:36.519 oil prices, that's going to trickle through to everything else 186 00:07:36.879 --> 00:07:39.519 and compound what has already been going on for five 187 00:07:39.600 --> 00:07:42.879 years as a result of the COVID pandemic. So yes, 188 00:07:42.920 --> 00:07:45.319 the Federal Reserve is super, super, super cautious. When they 189 00:07:45.360 --> 00:07:47.600 say they want two percent, they want two. They don't 190 00:07:47.600 --> 00:07:49.319 want two point three, they don't want two in a quarter, 191 00:07:49.319 --> 00:07:51.800 they want two percent inflation. If we're not there, then 192 00:07:51.839 --> 00:07:55.040 their concern is anything we do to possibly trigger it 193 00:07:55.079 --> 00:07:56.759 to go the wrong direction is dangerous. 194 00:07:57.079 --> 00:07:58.560 Okay, help me understand this. 195 00:07:58.600 --> 00:08:01.920 I would think that higher prices and of course everything's 196 00:08:01.920 --> 00:08:02.600 connected to oil. 197 00:08:02.600 --> 00:08:03.800 I mean stating the obvious. 198 00:08:03.920 --> 00:08:08.560 Everything we buy has been shipped somewhere through a semi 199 00:08:08.560 --> 00:08:13.079 tractor trailer or or something else. So we're enjoying you know, 200 00:08:13.120 --> 00:08:15.360 I saw the sign on the door Kroger over the weekend. 201 00:08:15.360 --> 00:08:18.839 You know, if one thousand products lower prices, and maybe 202 00:08:19.000 --> 00:08:20.839 the result of the reason we've getting we're getting lower 203 00:08:20.879 --> 00:08:23.279 prices at the grocery store because it's causing Kroger less 204 00:08:23.319 --> 00:08:27.920 money to ship things. That suggests more consumption. I mean, 205 00:08:28.319 --> 00:08:31.319 the prices are lower, aren't people engaged in more economic activity? 206 00:08:31.399 --> 00:08:33.679 I mean, I don't know. I'm just trying to walk 207 00:08:33.720 --> 00:08:35.799 through this. How this impacts in the inflation rate? 208 00:08:36.000 --> 00:08:37.759 Well, I think, but I think we're all on edge 209 00:08:37.759 --> 00:08:40.759 a little bit, right because because not just the FED 210 00:08:40.879 --> 00:08:44.000 is concerned about the current economic situation, it's just people 211 00:08:44.000 --> 00:08:46.960 in general. So you know, I think Kroger is somewhat 212 00:08:46.960 --> 00:08:50.279 taking advantage of that and any anything, anytime you can 213 00:08:50.360 --> 00:08:53.519 shine a light on, hey, we are working to reduce prices. 214 00:08:53.600 --> 00:08:55.320 I've never I saw one of those banners yesterday for 215 00:08:55.320 --> 00:08:57.600 the first time. I assume they're on all the Kroger's 216 00:08:57.639 --> 00:09:00.200 out there. But I think you can figure out right away, 217 00:09:00.399 --> 00:09:02.279 you know, that they haven't found a way to suddenly 218 00:09:02.279 --> 00:09:05.840 produce everything they do, you know, cheaper. They just perhaps 219 00:09:05.840 --> 00:09:08.240 have found an opportunity here and there to lower some prices, 220 00:09:08.240 --> 00:09:10.279 and they're gonna shine a bright light on that. Maybe 221 00:09:10.279 --> 00:09:12.200 they do that all the time, but they don't hang 222 00:09:12.240 --> 00:09:14.240 banners on the building. The banners, to me, are a 223 00:09:14.240 --> 00:09:16.840 different approach, right, So that just tells me that they 224 00:09:16.879 --> 00:09:19.279 that they're they're they're looking at their customer base, which 225 00:09:19.320 --> 00:09:21.039 is all of us, and they're saying that, you know what, 226 00:09:21.080 --> 00:09:24.120 these people are really really super hypersensitive to inflation right now. 227 00:09:24.159 --> 00:09:26.519 So any any positive step we can take, let's shine 228 00:09:26.559 --> 00:09:29.039 a very bright light on it. They've probably cut prices 229 00:09:29.039 --> 00:09:30.720 like this in the past, but haven't hung the banners 230 00:09:30.799 --> 00:09:33.080 or done the commercials because it wasn't a focus of 231 00:09:33.120 --> 00:09:33.919 the buying public. 232 00:09:33.960 --> 00:09:34.559 Well now it is. 233 00:09:35.000 --> 00:09:37.960 Yeah, and I think we're all painfully aware of how 234 00:09:38.039 --> 00:09:41.960 much more food and groceries costs, generally speaking, in over 235 00:09:41.960 --> 00:09:45.759 the last several years. I mean, we still it just 236 00:09:45.799 --> 00:09:48.080 boggles my mind because I go grocery shopping with my 237 00:09:48.120 --> 00:09:51.480 wife every single weekend and I'm still just amazed at 238 00:09:51.519 --> 00:09:53.200 the cost of like, for example, beef. 239 00:09:53.279 --> 00:09:54.840 It's just like, are you kidding me? 240 00:09:55.639 --> 00:09:58.480 So anyhow, maybe it's just a marketing thing going on 241 00:09:58.480 --> 00:10:01.279 at Kroger's. Let's pausitive, bring Brian you back. I want 242 00:10:01.320 --> 00:10:04.000 to mention doctor Fred Pack saw doctor Pack last Friday 243 00:10:04.080 --> 00:10:06.360 had my semi annual cleaning. 244 00:10:06.399 --> 00:10:07.960 And I know a lot of people don't like to 245 00:10:08.000 --> 00:10:10.720 go to the dentist. I just really I like it. 246 00:10:10.759 --> 00:10:13.000 Can you walk out, you know, all cleaned up, got 247 00:10:13.000 --> 00:10:15.720 a good check up, everything's good. And of course doctors 248 00:10:15.720 --> 00:10:18.279 Peck and Frew will take amazing care of you. As 249 00:10:18.360 --> 00:10:21.200 general dentists, they are outstanding. The whole staff there are 250 00:10:21.240 --> 00:10:25.720 just really wonderful. It's welcoming, it's comfortable. So if you're 251 00:10:25.759 --> 00:10:28.120 a little unsettled about going to the dentist, generally you're 252 00:10:28.120 --> 00:10:30.559 in the best possible hands and pivoting over the best 253 00:10:30.559 --> 00:10:34.039 possible hands cosmetic dentistry. Doctor Fred Peck is a Fellow 254 00:10:34.080 --> 00:10:36.480 with the American Academy and Cosmetic Dentistry, and doctor Frew 255 00:10:36.799 --> 00:10:39.799 working on her way to accreditation. You got years of 256 00:10:39.840 --> 00:10:44.440 his professional experience and her fresh perspectives. Folks love doctor fru. 257 00:10:44.559 --> 00:10:47.440 She is such a really charming and wonderful lady. Not 258 00:10:47.519 --> 00:10:49.960 to discount Fred Pack, I mean, he did a chief 259 00:10:50.000 --> 00:10:52.200 Fellow status and he's only one of three dentists in 260 00:10:52.200 --> 00:10:53.879 the entire state of Ohio that have made it to 261 00:10:53.919 --> 00:10:58.879 that lofty position because he does remarkable, life changing cosmetic dentistry. 262 00:10:59.399 --> 00:11:01.279 So if you're not happy with your smile, You're in 263 00:11:01.279 --> 00:11:04.120 the right best possible hands. To learn more, the website 264 00:11:04.159 --> 00:11:07.759 is peck pec kpecksmiles dot com. Call for an appointment, 265 00:11:07.799 --> 00:11:10.159 whether it's for cosmetic or general dentistry, you'd be glad 266 00:11:10.200 --> 00:11:12.240 you did. It's five one three six two, one seventy 267 00:11:12.240 --> 00:11:15.320 six sixty six five one three six two one seventy 268 00:11:15.360 --> 00:11:16.600 six sixty six. 269 00:11:16.799 --> 00:11:21.600 Fifty five KRC dot com. Our Heightardery Today. 270 00:11:21.399 --> 00:11:23.960 Twenty and fifty five KRCV talk station Talking Money Matters. 271 00:11:24.000 --> 00:11:30.320 Brian James, Smallworth Financial. It is money Monday. I but 272 00:11:30.360 --> 00:11:32.960 back to the FED cutting or not, as the case 273 00:11:33.000 --> 00:11:34.600 may be, the interest rate. I know you seem to 274 00:11:34.600 --> 00:11:37.360 suggest that it's unlikely that it's going to happen, and 275 00:11:37.480 --> 00:11:40.879 I understand your point behind that. Clearly, it's not going 276 00:11:40.960 --> 00:11:42.840 to be a point. I know Donald Trump was screaming 277 00:11:42.840 --> 00:11:46.600 about them cutting the rates a full point. I mean, 278 00:11:46.600 --> 00:11:48.679 if there's any cuts, I mean we're probably talking like 279 00:11:48.720 --> 00:11:50.039 maybe a quarter, right. 280 00:11:51.039 --> 00:11:53.120 Yeah there, if we're lucky at that. 281 00:11:53.320 --> 00:11:55.840 So so right now, there's a handful of people out 282 00:11:55.879 --> 00:11:57.639 there who believe there might be a modest cup, but 283 00:11:57.639 --> 00:11:59.759 I think I think those people aren't talking about this 284 00:12:00.360 --> 00:12:03.039 or this week's meeting. They're talking about the next move 285 00:12:03.120 --> 00:12:05.200 will be down. We just don't know when it is, 286 00:12:05.240 --> 00:12:07.919 so that is generally accepted. There's not a whole lot 287 00:12:07.960 --> 00:12:09.600 going out there with trigger the opposite. So I don't 288 00:12:09.600 --> 00:12:12.320 think that's exactly worth shattering to say. But the vast 289 00:12:12.320 --> 00:12:14.440 majority of folks, though, I really don't believe that that's 290 00:12:14.440 --> 00:12:17.559 coming anytime soon. And whenever we've got scary headlines that's 291 00:12:17.559 --> 00:12:19.799 going to cause everybody to pause. And there's certainly enough 292 00:12:19.840 --> 00:12:21.320 going on in the Middle East right now that's going 293 00:12:21.360 --> 00:12:23.000 to make everybody say, you know, let's take a breath 294 00:12:23.039 --> 00:12:25.000 and just kind of watch and see what comes of this. 295 00:12:25.320 --> 00:12:27.639 Then we'll make decisions. So if we were at. 296 00:12:27.559 --> 00:12:29.960 A full two percent, like like the FED truly truly 297 00:12:30.000 --> 00:12:32.799 really wants, then we might be having a different conversation. 298 00:12:32.879 --> 00:12:35.120 But I think we're close enough now that I think 299 00:12:35.159 --> 00:12:37.639 the risk that they sort of perceived that the risk 300 00:12:37.759 --> 00:12:40.320 is in screwing out the progress as that has been made, 301 00:12:40.759 --> 00:12:43.639 not so much in being a little late for that 302 00:12:43.679 --> 00:12:45.639 final couple of rate cuts fair. 303 00:12:45.559 --> 00:12:48.440 Enough, and with regard to the oil, what priceures are 304 00:12:48.480 --> 00:12:53.200 up merely because of what might happen in the Middle East? 305 00:12:53.279 --> 00:12:55.039 More broadly speaking, I mean, there are a bunch of 306 00:12:55.039 --> 00:12:57.480 OPEC nations. We all know where that oil comes from, 307 00:12:57.519 --> 00:13:00.480 and because they're in the area of the ConFlat between 308 00:13:00.559 --> 00:13:03.759 Israel and Iran? Is that it because the amount of 309 00:13:03.799 --> 00:13:06.440 oil that's in the market hasn't changed, has it because 310 00:13:06.480 --> 00:13:08.480 Irani and oil I thought that were subject to sanction, 311 00:13:08.600 --> 00:13:10.759 not supposed to be able to sell it. So even 312 00:13:10.799 --> 00:13:13.759 if you took Iran completely offline, would that have an 313 00:13:13.799 --> 00:13:16.159 impact on supplies globally? 314 00:13:17.320 --> 00:13:19.320 I mean, and anything's going to impact, right, you've changed 315 00:13:19.320 --> 00:13:21.039 any of the pipelines there, any of the permissions that 316 00:13:21.399 --> 00:13:23.879 you know of who gets to work with whom, then yeah, 317 00:13:23.919 --> 00:13:25.840 that's going to have an impact. But I think that 318 00:13:25.919 --> 00:13:30.600 the larger issue is that people aren't focused on it 319 00:13:30.639 --> 00:13:32.799 as much. I mean, think about this. We oil prices 320 00:13:32.840 --> 00:13:35.120 have been really have really been benign. And what I'm 321 00:13:35.159 --> 00:13:37.200 really talking about is the price at the pump. Yeah, 322 00:13:37.519 --> 00:13:39.159 because that's the first thing we all see, right, that's 323 00:13:39.200 --> 00:13:41.919 right in your face. At least once a week, you 324 00:13:42.039 --> 00:13:42.440 have to. 325 00:13:42.399 --> 00:13:44.080 Look at it. You are required to look at it. 326 00:13:44.200 --> 00:13:46.120 Versus if I grab a loaf of bread off the shelf, 327 00:13:46.159 --> 00:13:48.240 I'm not necessarily going to look at the price tag there, 328 00:13:48.720 --> 00:13:51.279 but we all see gas prices immediately. That has been 329 00:13:51.320 --> 00:13:53.559 pretty benign, and frankly it's the last couple of years. 330 00:13:53.559 --> 00:13:55.919 This wasn't an issue last year. This is usually the 331 00:13:56.000 --> 00:13:58.639 time of year where politicians point across the aisle from 332 00:13:58.679 --> 00:14:02.000 whichever side and blaim the opposite side for whatever's going 333 00:14:02.000 --> 00:14:03.519 on at the gas pump. Right now, there's nothing going 334 00:14:03.559 --> 00:14:06.240 on at the gas pump, so nobody's really talking about it. 335 00:14:06.480 --> 00:14:09.759 And I think our past history of looking at the 336 00:14:09.759 --> 00:14:13.039 Middle East as the only area that can swing oil 337 00:14:13.080 --> 00:14:15.279 prices in one way or another, it doesn't have the 338 00:14:15.279 --> 00:14:16.639 same impact that it used to. 339 00:14:16.679 --> 00:14:17.759 And I'm not diminishing it. 340 00:14:17.759 --> 00:14:20.919 It's certainly the biggest, the biggest organization in the world, 341 00:14:20.960 --> 00:14:23.360 with Opak and all those countries out there, but with 342 00:14:23.480 --> 00:14:25.440 the progress that has been made in fracking in the 343 00:14:25.519 --> 00:14:28.000 United States, US is one of the largest producers of 344 00:14:28.039 --> 00:14:30.360 oil now, so we're able to moderate that as now 345 00:14:30.360 --> 00:14:33.720 that we are a bigger participating producer in that oil market, 346 00:14:33.759 --> 00:14:36.799 So those smaller regional conflicts don't have the huge impact 347 00:14:36.840 --> 00:14:37.320 that they used to. 348 00:14:37.440 --> 00:14:38.679 Still big, but not as big. 349 00:14:38.919 --> 00:14:39.120 Well. 350 00:14:39.159 --> 00:14:41.559 In Canada also fracts as well, I mean, it's amazing 351 00:14:41.559 --> 00:14:44.200 what fracking has done, and it's amazing when you talk 352 00:14:44.200 --> 00:14:46.320 about it along those lines. The United States is now 353 00:14:46.320 --> 00:14:48.559 the biggest oil producer. I mean, I live most of 354 00:14:48.559 --> 00:14:51.399 my life through the whole idea that we've reached peak 355 00:14:51.480 --> 00:14:53.399 oil and that we no longer have and it's a 356 00:14:53.440 --> 00:14:57.879 diminishing supply. The vast majority of the concept of diminishing 357 00:14:57.919 --> 00:15:01.240 supply was brought about by well reg and just simply 358 00:15:01.279 --> 00:15:04.120 outright refusal to allow us to drill on our own land. 359 00:15:04.600 --> 00:15:06.759 I mean, yeah, it used to be. I think. No, 360 00:15:07.039 --> 00:15:08.120 I'm no oil expert. 361 00:15:08.159 --> 00:15:11.279 But my understanding and my tiny monkey brain here of 362 00:15:11.320 --> 00:15:13.080 how I understand this is that when when I grew up, 363 00:15:13.080 --> 00:15:16.240 I believe that the oil existed as giant lakes and 364 00:15:16.320 --> 00:15:18.240 holes in the ground, and it was just a pure, 365 00:15:18.480 --> 00:15:20.679 big puddle of oil, and we sucked it all out. Yeah, 366 00:15:20.720 --> 00:15:23.120 now and so and so that was the concern. Those 367 00:15:23.159 --> 00:15:25.120 pockets were going away, we were going to deplete them. 368 00:15:25.159 --> 00:15:28.000 But then you know, as as soon as we figured 369 00:15:28.000 --> 00:15:30.720 that out, then once we figured fracking out, now we 370 00:15:30.759 --> 00:15:32.759 can suck it out of the cracks a little more efficiently. 371 00:15:32.919 --> 00:15:35.320 And if you read the stories of how fracking came 372 00:15:35.360 --> 00:15:37.399 to be. There's one guy behind all of it who 373 00:15:37.440 --> 00:15:39.679 didn't make an extra nickel for coming up with this idea. 374 00:15:40.360 --> 00:15:45.360 But in any case, the originally had to pump chemicals 375 00:15:45.360 --> 00:15:47.600 down into the ground to flush this stuff out. Then 376 00:15:47.600 --> 00:15:51.320 they had to process it and get those chemicals back out, 377 00:15:52.039 --> 00:15:53.960 and then they tried to decided to try, well, let's 378 00:15:53.960 --> 00:15:55.679 just do this with water because it's cheaper, and so 379 00:15:55.960 --> 00:15:58.200 that was a cheaper process and a better process. Then 380 00:15:58.240 --> 00:15:59.840 they found a way to do it without any extra 381 00:16:00.639 --> 00:16:04.039 So progress and technology always are moving us forward, and 382 00:16:04.080 --> 00:16:07.639 that has literally changed what we know as the oil. 383 00:16:07.399 --> 00:16:11.279 Markets amen to that and the Malthusians out there. We 384 00:16:11.279 --> 00:16:14.399 were able to create more food through use of technology 385 00:16:14.440 --> 00:16:17.559 and advancement in fertilizers and things of that nature too. 386 00:16:17.679 --> 00:16:21.120 So technology does play an amazing role in shifting the 387 00:16:21.159 --> 00:16:23.840 reality is of what people claim is an absolute crisis 388 00:16:23.840 --> 00:16:26.720 at any given moment. Brian James, I understand more people 389 00:16:26.759 --> 00:16:30.440 are claiming social security. Getting back over to your role 390 00:16:30.559 --> 00:16:33.279 in helping folks plan for retirement. We'll talk about that 391 00:16:33.320 --> 00:16:36.440 coming up one more with Brian James and Money Monday. First, 392 00:16:36.720 --> 00:16:39.960 some pleasant words for Gate of Heaven cemetery, and it 393 00:16:40.000 --> 00:16:42.639 is a beautiful place. I think we all need an 394 00:16:42.639 --> 00:16:45.519 opportunity to unwind. And it's more than a cemetery. It's 395 00:16:45.519 --> 00:16:48.279 a sacred space where the dignity of every person's respected 396 00:16:48.320 --> 00:16:52.159 life is honored from beginning to end. And it's tranquil 397 00:16:52.519 --> 00:16:58.919 landscape surroundings ideal for prayer, contemplation, reflection, meditation and remembrance, 398 00:16:59.480 --> 00:17:02.240 creating a comforting experience for all visitors. And it is 399 00:17:02.320 --> 00:17:05.000 open to everyone. It is a Catholic cemetery, but you're 400 00:17:05.039 --> 00:17:07.319 more than welcome at Gate of Heaven. More than a 401 00:17:07.359 --> 00:17:10.079