WEBVTT 1 00:00:00.000 --> 00:00:02.040 I think Trump does. I think she knows leave doing 2 00:00:02.240 --> 00:00:02.839 every day. 3 00:00:02.960 --> 00:00:03.680 What do we have to do? 4 00:00:03.839 --> 00:00:04.040 You know? 5 00:00:04.519 --> 00:00:11.199 Fifty five krc D talk station, dashai Ato six here, 6 00:00:11.240 --> 00:00:13.759 fifty five KRCG talk station. I'm very happy Monday to 7 00:00:13.919 --> 00:00:17.600 all by Thomas. Always enjoyed this time of Monday because 8 00:00:17.600 --> 00:00:19.600 you get talked to money Monday. Brian James from Allworth 9 00:00:19.600 --> 00:00:23.239 Financial going over the issues that impact our our savings 10 00:00:23.280 --> 00:00:26.600 and our monetary situation and of course our retirement plans. 11 00:00:27.280 --> 00:00:29.480 Welcome back, Brian James. Great to have you on today. 12 00:00:30.280 --> 00:00:33.320 Thank you very much as always in Happy belated Mother's 13 00:00:33.399 --> 00:00:35.039 Day to all those mothers out there. 14 00:00:35.119 --> 00:00:37.399 Amen to that. I've been doing that all morning. Got 15 00:00:37.399 --> 00:00:40.880 to love your mom. And the landscape of the stories 16 00:00:40.920 --> 00:00:42.640 we're talking about today, I at least a couple of 17 00:00:42.679 --> 00:00:46.399 them may start to change. I'm sure you know that 18 00:00:46.759 --> 00:00:49.960 US and China agreed to the tariff cuts over the weekend. 19 00:00:50.039 --> 00:00:53.159 Was announced this morning. We're gonna keep recivical tarats a 20 00:00:53.240 --> 00:00:56.000 ten percent. We got that additional twenty percent because China's 21 00:00:56.039 --> 00:00:59.000 role in the fentnel trade. But the one and twenty 22 00:00:59.039 --> 00:01:03.520 five percent retaliatory trade lovies on US goods and Chinese 23 00:01:03.520 --> 00:01:06.120 goods apparently has been put to rest, and we've got 24 00:01:06.159 --> 00:01:08.519 at least a ninety day pause in those tariffs, which 25 00:01:08.640 --> 00:01:11.680 got the markets really soaring this morning. Futures are up 26 00:01:11.719 --> 00:01:12.519 across the board. 27 00:01:13.599 --> 00:01:15.840 It's going to be a good day according to futures. 28 00:01:15.840 --> 00:01:17.959 And that's what happens when we get the good news. 29 00:01:17.959 --> 00:01:21.719 So that this is the one thing Brian that kind 30 00:01:21.719 --> 00:01:25.040 of keeps should hopefully keep everybody a little bit more 31 00:01:25.079 --> 00:01:27.799 calm about what happens is this is self inflicted. The 32 00:01:27.879 --> 00:01:30.560 United States is choosing to represent itself differently to the 33 00:01:30.599 --> 00:01:32.480 rest of the world in terms of being a trade partner. 34 00:01:32.920 --> 00:01:35.560 But underneath this, as we're sitting here right now, is 35 00:01:35.599 --> 00:01:38.159 still a pretty strong economy that is ready to roll 36 00:01:38.280 --> 00:01:41.439 once the fog clears. And this has happened. This seems 37 00:01:41.439 --> 00:01:42.920 to happen about every week and a half two weeks. 38 00:01:42.959 --> 00:01:44.959 We'll get a snippet of good news and the market 39 00:01:44.959 --> 00:01:47.239 will bounce up. Right now, we're looking at really really 40 00:01:47.319 --> 00:01:51.400 high futures. S and P's up three percent and everything's 41 00:01:51.439 --> 00:01:53.480 up something like three to four percent. And that's not 42 00:01:53.519 --> 00:01:56.680 because things got wonderful overnight. It's because some of the 43 00:01:56.760 --> 00:01:59.200 fog clear. That's all the market ever wants is some 44 00:01:59.239 --> 00:02:02.519 clarity once to be able to predict here's how companies 45 00:02:02.519 --> 00:02:04.239 are going to be able to operate, and here's roughly 46 00:02:04.280 --> 00:02:05.879 what they're going to be able what kind of profits 47 00:02:05.879 --> 00:02:08.080 they're going to be able to make, And when we're 48 00:02:08.159 --> 00:02:10.520 throwing these tariffs back and forth at each other left 49 00:02:10.520 --> 00:02:13.240 and right, there's no way to do that calculation. So 50 00:02:13.360 --> 00:02:15.840 at the moment the market is saying, okay, cool, I 51 00:02:15.879 --> 00:02:18.719 can see at least ninety days into the future because 52 00:02:18.719 --> 00:02:20.560 we know what the tariff situation is going to be 53 00:02:20.759 --> 00:02:23.919 with our largest trading partner, and a smaller headline was 54 00:02:24.159 --> 00:02:26.280 we did come to an official agreement with the UK. 55 00:02:26.680 --> 00:02:28.840 Now they're not a huge trading partner, and I was 56 00:02:28.879 --> 00:02:31.080 kind of googling this and it basically said we're gonna 57 00:02:31.080 --> 00:02:33.439 save hundreds of millions on Jaguar and land Rover, so, 58 00:02:33.560 --> 00:02:36.039 you know, some help for the little guy. Finally, the 59 00:02:36.080 --> 00:02:37.439 cavalry is coming by Thomas. 60 00:02:39.759 --> 00:02:42.840 Well, all this on the heels of yes, shipping demand 61 00:02:42.960 --> 00:02:46.120 has dropped precipitously. Of course, the tariffs have a large 62 00:02:46.199 --> 00:02:48.159 role in what we're going to be shipping from China 63 00:02:48.199 --> 00:02:51.240 to here, and of course global shipping apparently he's dropped 64 00:02:51.280 --> 00:02:53.840 off a lot. Is this all directly related to the 65 00:02:53.919 --> 00:02:58.199 tariffs or is there some other economic reality lurking behind 66 00:02:58.199 --> 00:02:59.919 the scenes on this Brian James. 67 00:03:00.000 --> 00:03:03.080 Out there, there's always other economic reality, right, There's lots 68 00:03:03.120 --> 00:03:05.879 of little things pushing and pulling on the overall situation. 69 00:03:05.919 --> 00:03:06.680 That's always the case. 70 00:03:06.719 --> 00:03:09.039 But this is all tariff driven, and it's starting to 71 00:03:09.039 --> 00:03:10.960 feel to me like, I don't know if you remember 72 00:03:11.080 --> 00:03:14.360 December of twenty nineteen, early twenty twenty when we heard 73 00:03:14.360 --> 00:03:16.199 about a thing called COVID and it was going to 74 00:03:16.240 --> 00:03:18.719 be coming ashore in the next few months. Well now 75 00:03:18.840 --> 00:03:21.120 five years into the future, what we're hearing about is 76 00:03:21.199 --> 00:03:23.840 the fact that shelves are going to be empty. And 77 00:03:23.919 --> 00:03:26.919 that's what we're starting to see, not the shelves. I mean, 78 00:03:26.919 --> 00:03:28.439 I've been to the stores too, and don't I don't 79 00:03:28.439 --> 00:03:31.560 see it yet. However, ports like Los Angeles, Long Beach, 80 00:03:31.599 --> 00:03:34.719 New York, New Jersey, they are experiencing large drops in cargo, 81 00:03:34.919 --> 00:03:39.000 especially from China. Import booking volumes down thirty five percent 82 00:03:39.120 --> 00:03:42.879 since March. Shipments from China down forty three percent. That 83 00:03:42.919 --> 00:03:47.400 includes electronics, plastics, vehicles, steel, textiles down by more than half. 84 00:03:47.639 --> 00:03:50.319 This is going to surface eventually. We have yet to 85 00:03:50.319 --> 00:03:51.759 see it, but it's coming. 86 00:03:52.319 --> 00:03:55.159 Well, isn't part of this drop in shipping demand because 87 00:03:55.199 --> 00:03:58.639 a lot of these businesses and industries front loaded larger 88 00:03:58.759 --> 00:04:02.520 orders in anticipation of the tariffs ultimately kicking in. So 89 00:04:02.560 --> 00:04:06.280 you have so you have a large increase in shipping 90 00:04:06.319 --> 00:04:09.400 followed by a drop in shipping because I guess there's 91 00:04:09.400 --> 00:04:11.560 a limited storage space. There's only so much that any 92 00:04:11.560 --> 00:04:14.319 given company that buys Chinese goods, for example, can buy 93 00:04:14.360 --> 00:04:16.439 at any one time, even if they're trying to front load. 94 00:04:17.199 --> 00:04:19.600 So and plus, you know, it really is kind of 95 00:04:19.720 --> 00:04:22.040 a tea leaf reading kind of thing because you don't know, 96 00:04:22.279 --> 00:04:24.240 as we kind of alluded to a moment ago, you 97 00:04:24.279 --> 00:04:26.519 really don't know what's going to ultimately happen. And Trump's 98 00:04:26.519 --> 00:04:29.160 been busily negotiating with one hundred and seventy different countries 99 00:04:29.160 --> 00:04:33.000 to come up as like Britain, some satisfactory a level 100 00:04:33.079 --> 00:04:35.120 of tariffs that we can all live and work with, 101 00:04:35.199 --> 00:04:38.160 and something that might expand the American markets. But that's 102 00:04:38.199 --> 00:04:41.959 an ever evolving, ever moving landscape. So how much extra 103 00:04:42.079 --> 00:04:45.360 stuff do you buy anticipating tariffs are going to cause 104 00:04:45.360 --> 00:04:49.480 you a financial problem. It's like, if you want a restaurant, 105 00:04:49.680 --> 00:04:51.319 how much meat do you buy at the beginning of 106 00:04:51.319 --> 00:04:53.399 the week, how many people are going to order stakes 107 00:04:53.439 --> 00:04:56.279 you know you're gonna have losses. Are you gonna overbuy 108 00:04:56.399 --> 00:05:00.439 and have to throw things out? It's a complicated thing, it. 109 00:05:00.439 --> 00:05:02.480 Really is, and that's why a lot of smart financial 110 00:05:02.480 --> 00:05:05.560 brains get paid a lot of money to understand exactly 111 00:05:05.600 --> 00:05:09.160 what their companies need. Unfortunately, the average American doesn't really 112 00:05:09.199 --> 00:05:11.399 have the ability to do this, with the exception of 113 00:05:11.399 --> 00:05:13.399 toilet paper, which is the first thing to go whenever 114 00:05:13.439 --> 00:05:16.600 it snows and whenever we have pandemics apparently. But yeah, 115 00:05:16.639 --> 00:05:20.160 so this is simply a business decision where they're just saying, Okay, 116 00:05:20.199 --> 00:05:21.839 it looks like it's going to get a little crazy 117 00:05:21.839 --> 00:05:22.600 in the next few months. 118 00:05:22.639 --> 00:05:23.519 We really need to. 119 00:05:26.079 --> 00:05:27.519 Stock up on this, that, and the other, but we're 120 00:05:27.519 --> 00:05:29.680 going to ignore these other things. And so what you saw, 121 00:05:29.759 --> 00:05:33.360 that's what triggered the economic poolback in the United States 122 00:05:33.519 --> 00:05:37.240 are our most recently reported economic quarter was negative. We 123 00:05:37.240 --> 00:05:38.959 don't call that a recession until we have two quarters 124 00:05:38.959 --> 00:05:41.040 in a row. But that was kind of self inflicted 125 00:05:41.040 --> 00:05:43.360 from a standpoint of because these tarifs were in place. 126 00:05:43.560 --> 00:05:46.800 For the exact reason you just mentioned, companies and businesses 127 00:05:46.879 --> 00:05:50.160 started buying a lot more from overseas, therefore a lot 128 00:05:50.240 --> 00:05:53.240 less than the United States. So arguably it's possible you 129 00:05:53.279 --> 00:05:55.720 could be looking for a bit of a perk up 130 00:05:55.759 --> 00:05:58.839 in the United States domestic purchases as long as those 131 00:05:58.879 --> 00:06:01.720 products that these businesses need are available from the United States. 132 00:06:01.879 --> 00:06:05.199 Nothing magical happened in the first quarter to suddenly create 133 00:06:05.240 --> 00:06:07.360 factories where there were none. There are things we can't 134 00:06:07.399 --> 00:06:09.519 get from anywhere else. That's why there's a lot of 135 00:06:09.560 --> 00:06:11.959 businesses out there suffering. And I'm assuming there's somebody screaming 136 00:06:12.000 --> 00:06:14.560 at their windshield right now saying, hey, that doesn't help me. 137 00:06:14.639 --> 00:06:15.839 I can't buy domestically. 138 00:06:16.160 --> 00:06:18.040 I have to I got to kind of take it 139 00:06:18.079 --> 00:06:20.759 in the pants here until we get these tariffs cleared up. 140 00:06:21.160 --> 00:06:24.160 And I keep thinking of going back to COVID and 141 00:06:24.160 --> 00:06:25.920 you're comment about that. That's when we sort of all 142 00:06:25.959 --> 00:06:29.639 came to the realization that, you know, we don't manufacture 143 00:06:29.680 --> 00:06:31.639 a lot of things that you know, are critical to 144 00:06:31.720 --> 00:06:35.639 our even our nation's security. Pharmaceuticals came into mind immediately, 145 00:06:35.680 --> 00:06:38.160 when like, oh my god, we rely on China. For 146 00:06:38.319 --> 00:06:41.959 all of these, including the pharmaceuticals our members in uniform 147 00:06:42.079 --> 00:06:44.600 have if we had been sort of conflict, China just 148 00:06:44.639 --> 00:06:47.040 flips the switch and doesn't sell them to us anymore. 149 00:06:47.399 --> 00:06:50.079 So there are reasons other than tariffs for US to 150 00:06:50.120 --> 00:06:53.480 have some measure of incentive to start manufacturing either with 151 00:06:53.560 --> 00:06:56.079 countries with whom we have no conflict, or at least 152 00:06:56.120 --> 00:06:59.040 start manufacturing them in here in the United States. But 153 00:06:59.079 --> 00:07:01.480 as you illustrate, as you point out, it takes time 154 00:07:01.519 --> 00:07:03.839 to ramp up, and it also comes as at a 155 00:07:03.879 --> 00:07:08.680 significantly higher cost because of the imbalance in labor between 156 00:07:08.720 --> 00:07:11.759 US in China. 157 00:07:11.800 --> 00:07:13.959 A lot of this comes from the fact that the 158 00:07:14.079 --> 00:07:17.439 United States was founded and grew to its current size 159 00:07:17.480 --> 00:07:19.800 based on the idea of being the United States a 160 00:07:19.839 --> 00:07:23.399 profit margin. Everything we can possibly do, everything we can 161 00:07:23.399 --> 00:07:24.399 squeeze profit out of. 162 00:07:24.519 --> 00:07:25.879 That's just the way that we roll. 163 00:07:26.199 --> 00:07:30.000 So you talk about we want to bring pharmaceuticals on 164 00:07:30.079 --> 00:07:33.879 shore somehow, some way, someone is looking at that as Okay, 165 00:07:33.959 --> 00:07:35.519 I can do that, I can build a factory that's 166 00:07:35.519 --> 00:07:37.040 going to do that, and here's on what profit margin 167 00:07:37.079 --> 00:07:39.000 I want to make out of it. Nobody here in 168 00:07:39.040 --> 00:07:41.040 this country who waves a red, white, and blue flag, 169 00:07:41.079 --> 00:07:42.600 looks at that and says, you know what, I'm going 170 00:07:42.639 --> 00:07:44.240 to do that for the good of the people. I'm 171 00:07:44.279 --> 00:07:45.839 not saying that's a good thing, but that is how 172 00:07:45.839 --> 00:07:48.680 we make decisions, and everybody does it, include I'll throw 173 00:07:48.720 --> 00:07:51.519 the unions in there too. It's expensive to build stuff 174 00:07:51.560 --> 00:07:54.279 here because of the protections we have in place for workers. 175 00:07:54.480 --> 00:07:56.920 There are union leadership out there who they of course, 176 00:07:57.199 --> 00:07:59.839 they get paid to kind of bring these deals to fruition, 177 00:08:00.319 --> 00:08:01.199 just like anybody else. 178 00:08:01.199 --> 00:08:01.959 People who make. 179 00:08:01.800 --> 00:08:05.800 Profits by creating products and services are really no different 180 00:08:05.879 --> 00:08:09.079 than the people who create, you know, a long running 181 00:08:09.079 --> 00:08:11.519 positions for themselves by leading a group of people in 182 00:08:11.560 --> 00:08:13.839 an union. Not good batter and different, but all of 183 00:08:13.879 --> 00:08:15.920 it winds up costing more and that trickles all the 184 00:08:15.959 --> 00:08:18.120 way back down to the consumer. That's kind of the 185 00:08:18.120 --> 00:08:21.279 whole point of of the United States. We are here 186 00:08:21.519 --> 00:08:22.319 to make a profit. 187 00:08:22.839 --> 00:08:25.480 Yeah, and in spite of the troubles that you illustrate, 188 00:08:25.519 --> 00:08:27.639 you know, we are kind of a global economy anymore, 189 00:08:27.680 --> 00:08:30.560 which gives us options of manufacturing in places like China 190 00:08:30.600 --> 00:08:33.600 where it's cheaper. But over the last several years we've 191 00:08:33.600 --> 00:08:35.879 seen a lot new a lot of new investment in 192 00:08:36.000 --> 00:08:39.120 very large businesses and industry, and a lot of it 193 00:08:39.159 --> 00:08:41.120 does seem to be taking place. So in spite of 194 00:08:41.159 --> 00:08:44.399 those challenges, apparently there is still some profit in building 195 00:08:44.440 --> 00:08:47.919 something here in the United States, like these battery manufacturing plants, 196 00:08:48.000 --> 00:08:51.279 or these artificial intelligence plants and other things. 197 00:08:52.600 --> 00:08:54.840 Right, And that's the thing to bear in mind. 198 00:08:54.960 --> 00:08:57.200 If we were in truly in the seventies where we 199 00:08:57.480 --> 00:09:02.519 had stagflation, but it occurred kind of organically, and I 200 00:09:02.559 --> 00:09:04.240 mean that. What I mean by that is that there 201 00:09:04.240 --> 00:09:07.600 are plenty of catalysts right now that are happening. Technology 202 00:09:07.600 --> 00:09:10.399 has been a catalyst for fifteen twenty years. It kind 203 00:09:10.399 --> 00:09:14.080 of changes with regard to what the technology is it's driving. 204 00:09:14.159 --> 00:09:16.879 You know, twenty years ago, it was mobile devices and 205 00:09:16.919 --> 00:09:19.279 the move to kind of move being able to be 206 00:09:19.360 --> 00:09:21.320 anywhere and do your job and so on and so forth, 207 00:09:21.440 --> 00:09:23.720 and that has cycled forth to now to what you 208 00:09:23.799 --> 00:09:26.799 just mentioned artificial intelligence, which I can't imagine that's not 209 00:09:26.919 --> 00:09:31.399 touching absolutely every industry very very very rapidly. But that's 210 00:09:31.440 --> 00:09:34.679 a catalyst for companies to become more efficient, increase their 211 00:09:34.720 --> 00:09:36.600 profit margin, and lots of companies are going to want 212 00:09:36.639 --> 00:09:38.919 to invest in supporting it because there's a lot of 213 00:09:38.919 --> 00:09:41.159 money to be made in So underneath all of this, 214 00:09:41.279 --> 00:09:43.600 when we stop smacking each other around, there is a 215 00:09:43.639 --> 00:09:46.080 strong economy and the dollars are still moving around in 216 00:09:46.120 --> 00:09:48.279 a circle. It just depends on how much longer we 217 00:09:48.320 --> 00:09:49.879 want to It's a big game of chicken. How much 218 00:09:49.879 --> 00:09:51.519 longer are we going to have these fights with our 219 00:09:51.600 --> 00:09:52.600 various trading partners? 220 00:09:52.759 --> 00:09:56.440 Well continue with Brian James. Empty shelves maybe maybe not, 221 00:09:56.639 --> 00:09:59.720 student loans they are coming do? And is there going 222 00:09:59.759 --> 00:10:03.200 to be a housing market correction? Those subjects with all 223 00:10:03.200 --> 00:10:05.600 Worth Financials Brian James on this Monday Monday, after I 224 00:10:05.600 --> 00:10:08.480 mentioned Chimneycare, Fireplace and Stove, a couple of reasons you 225 00:10:08.480 --> 00:10:10.799 give a call Chimneycare, Fireplace and Stove. They've been around, 226 00:10:10.840 --> 00:10:13.320 locally owned and operated a plus with a better business beers. 227 00:10:13.320 --> 00:10:18.039 It's nineteen eighty eight, So have your exterior evaluation done. 228 00:10:18.080 --> 00:10:21.120 It's a free evaluation. 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Brian 250 00:11:23.200 --> 00:11:26.879 James from all Worth Financially. He's a financial planner and 251 00:11:27.000 --> 00:11:28.840 he'll recommend you get one as I would recommend you 252 00:11:28.879 --> 00:11:30.399 get one. Just make sure they're working on your side 253 00:11:30.399 --> 00:11:33.159 of the table, and they OEU a finuciary obligation, which 254 00:11:33.159 --> 00:11:35.159 means you need to get a fee blazed financial planner 255 00:11:35.279 --> 00:11:37.759 and let them handle the heavy load on managing things 256 00:11:37.759 --> 00:11:40.320 on a day to day basis, taking the stress off 257 00:11:40.320 --> 00:11:43.080 of your world. Brian James pivoting over real quick to 258 00:11:43.080 --> 00:11:46.440 a related story with the empty the global shipping grinding 259 00:11:46.480 --> 00:11:49.480 them is. And I've seen these red flags waving, you know, 260 00:11:49.519 --> 00:11:51.360 whaling and gnashing you teeth, Oh my god, and a 261 00:11:51.399 --> 00:11:53.559 lot of it's driven, I think by Trump arrangement syndrome. 262 00:11:53.600 --> 00:11:55.919 But there is something to be said that, you know, uh, 263 00:11:56.000 --> 00:11:58.240 if you're gonna have these massive tariffs, the idea of 264 00:11:58.320 --> 00:12:01.320 having empty shelves is certainly a possibility, But I suppose 265 00:12:01.360 --> 00:12:04.000 it depends on what you're looking for. So are we 266 00:12:04.039 --> 00:12:06.240 going to see a bunch of empty shells and four 267 00:12:06.320 --> 00:12:09.440 lease signs the headline headline opinion, empty shells, four lease 268 00:12:09.559 --> 00:12:13.080 signs and job layoffs point to a recession by summer? Geez, 269 00:12:13.159 --> 00:12:15.159 you and I've been talking about a possible recession now 270 00:12:15.279 --> 00:12:16.240 for quite a few years. 271 00:12:16.279 --> 00:12:20.440 Brian, Well, I think we're always talking about the possibility 272 00:12:20.480 --> 00:12:21.360 of a recession right. 273 00:12:21.399 --> 00:12:23.919 We're never were, We are never not. 274 00:12:24.120 --> 00:12:28.039 On our way to the next recession that's always coming up, right, 275 00:12:28.440 --> 00:12:30.440 It's also going to rain, maybe today, maybe a month 276 00:12:30.440 --> 00:12:31.919 from now, but by god, one of these days I'm 277 00:12:31.919 --> 00:12:35.080 going to be right about it. So, yeah, we're currently 278 00:12:35.240 --> 00:12:38.000 If when you look at the current situation, which is 279 00:12:38.000 --> 00:12:40.320 about as fluid as it can be, things are changing, 280 00:12:40.600 --> 00:12:42.519 you know, they change over the weekend, they go from 281 00:12:42.519 --> 00:12:45.039 black to white. So if you look at the current situation, 282 00:12:45.120 --> 00:12:46.840 then yes, it does look like we're on our way 283 00:12:46.879 --> 00:12:48.840 to a recession that is triggered by this. But I 284 00:12:48.840 --> 00:12:51.200 think the reference you were making there earlier is that 285 00:12:51.200 --> 00:12:53.960 that up until very recently, everyone was looking for the 286 00:12:54.000 --> 00:12:57.399 second leg down from COVID. We only recently stopped talking 287 00:12:57.440 --> 00:12:59.399 about that. And I think I've kind of learned the 288 00:12:59.440 --> 00:13:03.120 definition and Brian of a soft landing. I think a 289 00:13:03.200 --> 00:13:05.600 soft landing is with at some point you realize you 290 00:13:05.600 --> 00:13:07.840 haven't talked about it in months, and therefore that was 291 00:13:07.840 --> 00:13:10.240 a soft landing. We never declare that, Okay, it's all over, 292 00:13:10.320 --> 00:13:11.200 you know, everybody back and the. 293 00:13:11.120 --> 00:13:11.960 Pull, everything's great. 294 00:13:12.120 --> 00:13:14.240 We just stopped talking about it until the next one 295 00:13:14.279 --> 00:13:15.440 comes along, and here we are. 296 00:13:15.960 --> 00:13:17.879 Yeah, That is a funny way of looking at it. 297 00:13:17.919 --> 00:13:20.600 But you're right, it's right around the corner. Maybe a 298 00:13:20.639 --> 00:13:23.000 little bit further down the road when you hit that corner. 299 00:13:23.039 --> 00:13:25.120 But something bad is always going to happen, But then again, 300 00:13:25.159 --> 00:13:27.960 something good will always happen too, Like I mean today, 301 00:13:28.279 --> 00:13:31.639 you know, if the futures are are indications where they 302 00:13:31.639 --> 00:13:33.159 are right now, it turned out to be true, it's 303 00:13:33.159 --> 00:13:35.840 going to erase all of the losses when since the 304 00:13:35.919 --> 00:13:38.399 day Donald Trump announced the tariff kicked in place. At 305 00:13:38.440 --> 00:13:41.279 least that's what I read this morning. Yeah, we are 306 00:13:41.320 --> 00:13:43.440 clawing our way back to back to zero. 307 00:13:43.559 --> 00:13:46.159 Really, the S and P five hundred is only down 308 00:13:46.200 --> 00:13:47.720 as we're sitting here right now, about four percent. 309 00:13:47.799 --> 00:13:49.559 That does not yet reflect the futures. 310 00:13:49.919 --> 00:13:52.360 So if futures kick in the you know, if this 311 00:13:52.480 --> 00:13:54.279 market kicks in where the futures are, then yes, we'll 312 00:13:54.279 --> 00:13:56.799 be back to even ish at least at the open. 313 00:13:56.919 --> 00:13:57.480 Let's see what. 314 00:13:57.440 --> 00:13:59.279 Happens, you know, around ten thirty when we all get 315 00:13:59.279 --> 00:14:01.639 our second cup of capuously out costs. Right, But at 316 00:14:01.639 --> 00:14:04.600 this point the market is recovering. And again you mentioned 317 00:14:04.600 --> 00:14:08.120 Trump derangement syndrome. The market hates question. It doesn't necessarily 318 00:14:08.159 --> 00:14:11.440 hate any politician or any political beliefs. It simply hates 319 00:14:11.840 --> 00:14:14.320 lack of clarity. And we have for sure had lack 320 00:14:14.360 --> 00:14:17.440 of clarity over the past several months, and that's what 321 00:14:17.799 --> 00:14:20.120 as we start to get these deals across the finish line, 322 00:14:20.159 --> 00:14:22.360 that's what seems to be clearing up. The other thing, too, 323 00:14:22.440 --> 00:14:25.399 is we're starting to hear some pretty strong political voices say, hey, 324 00:14:25.720 --> 00:14:28.320 don't forget me, I have to run for reelection here 325 00:14:28.360 --> 00:14:32.559 over the next few years. Ted Cruz, Grassley and Ram 326 00:14:32.639 --> 00:14:34.519 paulse of being some of those big voices who are 327 00:14:34.519 --> 00:14:37.240 going to remind the president that they themselves are up 328 00:14:37.279 --> 00:14:39.320 and available to be re elected and would very much 329 00:14:39.440 --> 00:14:41.440 like to win those elections. So we can't keep smacking 330 00:14:41.440 --> 00:14:42.360 people around. 331 00:14:42.240 --> 00:14:44.960 Right, And then they're doing that budget reconciliation thing, and 332 00:14:45.000 --> 00:14:47.120 you've got all you have everybody on the Republican side 333 00:14:47.120 --> 00:14:48.759 of the ledger, and they're hoping you have one hundred 334 00:14:48.759 --> 00:14:52.320 percent uniformity in terms of a yes vote on that. 335 00:14:52.360 --> 00:14:54.519 They're all fighting for turf and some of them want 336 00:14:54.559 --> 00:14:57.559 to keep the salt deductions as they are. Some of 337 00:14:57.559 --> 00:14:59.600 them are saying, if you don't raise those we're going 338 00:14:59.679 --> 00:15:01.600 to pull plug we're not going to vote yes on this. 339 00:15:02.080 --> 00:15:04.360 Others are pushing to keep the Green New Deal stuff 340 00:15:04.399 --> 00:15:06.360 flowing to their states other than saying no, we get 341 00:15:06.440 --> 00:15:08.360 rid of all of it. So there's a whole lot 342 00:15:08.360 --> 00:15:11.240 of uncertainty sown into that particular thing, which includes whether 343 00:15:11.320 --> 00:15:13.879 or not Donald Trump's tax cuts will be made permanent. 344 00:15:13.960 --> 00:15:17.720 So I suppose those things might cause some market on stability. 345 00:15:18.200 --> 00:15:20.440 For sure, because somebody is going to win these arguments. 346 00:15:20.559 --> 00:15:23.399 Right now, we're just in the shouting. We're maybe we're 347 00:15:23.399 --> 00:15:27.039 starting to exit the shouting stage and move toward the Okay, 348 00:15:27.080 --> 00:15:29.679 what are we actually going to do here? And the 349 00:15:29.799 --> 00:15:32.480 various parties are going to gain something as well as 350 00:15:32.559 --> 00:15:34.960 lose something. That's the only way these things ever get resolved. 351 00:15:35.360 --> 00:15:37.919 But we're going to have the willingness for that to 352 00:15:37.919 --> 00:15:40.039 actually happen again. We've seen that with UK. Apparently we're 353 00:15:40.039 --> 00:15:41.360 going to get it with China here at least for 354 00:15:41.360 --> 00:15:43.879 the next ninety days. And it does appear that all 355 00:15:43.879 --> 00:15:47.240 these tariffs and things are more of a negotiating tactic 356 00:15:47.320 --> 00:15:50.639 than an intended, real, permanent type of a situation. Which 357 00:15:50.720 --> 00:15:53.000 if that's the case, then so be it, and I 358 00:15:53.000 --> 00:15:55.559 hope we'll come through this a little bit stronger, but 359 00:15:55.600 --> 00:15:57.200 a little more bumpiness to come for in the short 360 00:15:57.240 --> 00:15:57.840 run for sure. 361 00:15:57.919 --> 00:16:00.679 Indeed, well we'll find out about well something that may 362 00:16:00.720 --> 00:16:03.639 impact your financial world. Your student loan is now doe, 363 00:16:03.639 --> 00:16:06.519 and there may be a housing market correction come in 364 00:16:06.519 --> 00:16:08.639 our direction a little bit, a couple more with Brian 365 00:16:08.720 --> 00:16:12.200 James after this word for Gate of Heaven Cemetery of Montgomery. Yeah, 366 00:16:12.200 --> 00:16:14.559 everyone needs a place to chill out and unwind and 367 00:16:14.600 --> 00:16:17.440 maybe get into a meditative state and relieve themselves from 368 00:16:17.440 --> 00:16:19.720 the pressures of the world, a place to pray, a 369 00:16:19.759 --> 00:16:22.600 place to reflect. That's a Gate of Heaven Cemetery, Montgomery. 370 00:16:22.600 --> 00:16:25.600 It is absolutely epic beautiful, especially this time of year 371 00:16:25.600 --> 00:16:29.480 with the flowers coming up, the mature trees, perfect landscaping, 372 00:16:29.639 --> 00:16:33.039 the winding roads, the pathways, the striking monuments and shrines, 373 00:16:33.039 --> 00:16:36.919 and it just looks beautiful. It's just a real trankful atmosphere, 374 00:16:36.919 --> 00:16:39.919 which is great for those moments of reflection. So find 375 00:16:39.919 --> 00:16:42.799 comfort and peace in the cemetery's quiet reverend surroundings. They're 376 00:16:42.840 --> 00:16:45.200 open to everyone, so to think of it from a 377 00:16:45.240 --> 00:16:49.039 non denominational standpoint, everyone can enjoy the beauty of gay 378 00:16:49.080 --> 00:16:52.120 to Heaven Cemetery administering to the Tristate for more than 379 00:16:52.159 --> 00:16:55.039 seventy seven years, an honoring life on sacred ground. Learn 380 00:16:55.039 --> 00:16:59.320 more online go to gateof Heaven dot org. Fifty five. 381 00:17:00.600 --> 00:17:03.559 The talk station the Simply Money Minute is sponsored by 382 00:17:03.600 --> 00:17:08.400 Emory Fel. Here's your weather from Channel nine. Cloudy days, 383 00:17:08.400 --> 00:17:10.759 scattered showers of storms in a high have seventy two 384 00:17:10.880 --> 00:17:14.319 down to fifty two overnight with isolated showers, possible clouds 385 00:17:14.319 --> 00:17:17.680 with scattered storms tomorrow seventy three. Overnight lowis sixty with 386 00:17:17.720 --> 00:17:20.640 a slight chance of grain and also chanceering on Wednesday. 387 00:17:20.640 --> 00:17:23.599 Otherwise partly cloudy in high seventy seven sixty six. Right now, 388 00:17:23.759 --> 00:17:24.759 time for a traffic update. 389 00:17:24.839 --> 00:17:27.400 Chuck from the UCUP Traffic Center. 390 00:17:27.519 --> 00:17:31.640 You See Health has expert traumacare focusing on prevention, treating injuries, 391 00:17:31.759 --> 00:17:34.400 and supporting long term recovery and rehabilitation. 392 00:17:34.640 --> 00:17:37.039 Learn more at ucehelp dot com. 393 00:17:37.200 --> 00:17:39.799 North Pound seventy five clearing out through the cut, but 394 00:17:39.960 --> 00:17:43.759 heavy approaching an accident down near seventy four right Wane's block. 395 00:17:44.160 --> 00:17:47.880 South pend seventy five. Federatal Walkland continues slow from just 396 00:17:47.920 --> 00:17:51.839 below seventy four to the bridge from problems earlier. Chuck 397 00:17:51.960 --> 00:17:54.559 Ingram on fifty five KR see the talk station. 398 00:17:56.440 --> 00:17:58.799 It's a twenty nine fiftybout kercity talk station right house 399 00:17:58.839 --> 00:18:02.480 here with Brian James. One more segment doing money Monday. 400 00:18:04.160 --> 00:18:06.160 All right, real quick, I guess the writings on the wall. 401 00:18:06.200 --> 00:18:07.880