WEBVTT 1 00:00:00.600 --> 00:00:01.840 Always made extra special. 2 00:00:01.960 --> 00:00:03.960 Not only do we hear from Christopher Smithaman get an 3 00:00:03.960 --> 00:00:06.919 airful from Christopher. I think it's on fire. This morning, 4 00:00:07.160 --> 00:00:09.400 we get to hear from Brian James, all with financials. 5 00:00:09.439 --> 00:00:12.439 Brian James a financial planner. He is providing us with 6 00:00:12.560 --> 00:00:15.199 the Monday Monday segment. Brian, Welcome back to the Morning Show. 7 00:00:15.199 --> 00:00:16.359 Always a pleasure talking with you. 8 00:00:17.280 --> 00:00:20.120 Good morning much Thomas, and welcome back to you as 9 00:00:20.160 --> 00:00:21.239 well to your own show. 10 00:00:21.480 --> 00:00:23.679 Indeed, and yeah, I got a chuckle out of the 11 00:00:24.120 --> 00:00:26.960 topic list stock future is based on the news and 12 00:00:27.000 --> 00:00:30.160 you know, my immediate reaction to that, just basic summary 13 00:00:30.199 --> 00:00:33.640 of what we're going to talk about was stock futures 14 00:00:33.679 --> 00:00:36.200 maybe based on memes that float around and really not 15 00:00:36.600 --> 00:00:41.920 connected with things like pe ratios or reality, but just 16 00:00:42.039 --> 00:00:46.119 because people get all ginned up over topics designed to distract. 17 00:00:46.159 --> 00:00:47.840 But I'm not quite sure that's the direction you were 18 00:00:47.840 --> 00:00:51.520 planning on going. Well, I think that's there's some truth 19 00:00:51.560 --> 00:00:51.719 to that. 20 00:00:51.759 --> 00:00:53.799 I mean, we react to whatever is in front of us, 21 00:00:53.920 --> 00:00:56.399 and there's a lot more in front of us. It 22 00:00:56.439 --> 00:00:58.880 seems like there's a lot more every single day. You know, 23 00:00:58.920 --> 00:01:01.600 if you go back to twenty thirty years, the only 24 00:01:01.679 --> 00:01:04.519 thing you had was lou Dobbs and his market report 25 00:01:04.519 --> 00:01:05.000 and those. 26 00:01:04.840 --> 00:01:05.439 Kinds of things. 27 00:01:05.560 --> 00:01:07.719 Yeah, to do at the end of the day. Now 28 00:01:07.799 --> 00:01:09.879 it's in your face all day, every day. And that 29 00:01:09.920 --> 00:01:12.159 has led us to a situation where even if there 30 00:01:12.239 --> 00:01:14.799 isn't a headline, gosh darn it, we're gonna find one. 31 00:01:14.840 --> 00:01:16.400 And we look to memes and we look to all 32 00:01:16.400 --> 00:01:19.000 this other kind of social media stuff for whatever is 33 00:01:19.040 --> 00:01:21.560 everybody talking about. There may not actually be a headline, 34 00:01:21.599 --> 00:01:23.640 but somebody's talking about something, and by god, I'm going 35 00:01:23.680 --> 00:01:24.280 to react to it. 36 00:01:24.480 --> 00:01:27.000 Yeah, no question about it. Also, you know, I have 37 00:01:27.239 --> 00:01:30.120 a dear friend, Jay Rattliffe. I heard media aviation expert 38 00:01:30.159 --> 00:01:32.840 Jay Ratloff, who also is a bit of a day trader, 39 00:01:32.879 --> 00:01:35.000 and he's a quick in and out guy. I mean 40 00:01:35.040 --> 00:01:36.920 the way he trades and the way he teaches how 41 00:01:36.920 --> 00:01:38.599 to trade, And that's part of his business is to 42 00:01:38.640 --> 00:01:42.280 teach people. His methodology usually really successful. So in like, 43 00:01:42.799 --> 00:01:46.040 you know, thirty minutes in the morning, he will jump 44 00:01:46.079 --> 00:01:49.319 in following some kind of trend to identify it, and 45 00:01:49.359 --> 00:01:51.480 then as soon as he gets some kind of profit, 46 00:01:51.480 --> 00:01:53.799 he gets right out. So in a half hour, who 47 00:01:53.799 --> 00:01:56.319 may make five thousand dollars because he doesn't hang on 48 00:01:56.480 --> 00:01:58.519 to any given stock. And I know that's not the 49 00:01:58.560 --> 00:02:01.359 methodology that you prefer, which is mixed index funds and 50 00:02:01.400 --> 00:02:05.120 things like that, but I think it's because of the 51 00:02:05.159 --> 00:02:08.840 mean reality of the world that those stocks will fluctuate 52 00:02:09.039 --> 00:02:12.360 so rapidly during a day someoney gets the word out, 53 00:02:12.400 --> 00:02:13.919 the stock will jump, and you got to just know 54 00:02:13.960 --> 00:02:15.719 when to dump it and not hang onto it for 55 00:02:15.759 --> 00:02:17.680 too long or you're gonna lose your money in a 56 00:02:17.759 --> 00:02:18.439 single day. 57 00:02:19.280 --> 00:02:21.639 Yeah, And I think and on the idea of day trading, 58 00:02:21.680 --> 00:02:23.680 and uh, you know, I know, I know Jay, and 59 00:02:23.960 --> 00:02:26.599 he's he's got his strategy, and I think that the 60 00:02:26.680 --> 00:02:30.520 keyword there is prefer which doesn't mean rule out anything. 61 00:02:31.000 --> 00:02:32.919 So you know, I think even Jay himself will tell 62 00:02:32.919 --> 00:02:34.800 you that you need to keep your core money in 63 00:02:34.879 --> 00:02:37.840 a good, you know, good diversified type of a portfolio 64 00:02:37.840 --> 00:02:39.599 that frees you up to do the kind of things 65 00:02:39.639 --> 00:02:41.800 that he trains on. And that's okay, there's nothing wrong 66 00:02:41.840 --> 00:02:43.360 with that. You want to take a flyer on something, 67 00:02:43.400 --> 00:02:46.439 then then then knock yourself out. But day trading is 68 00:02:46.479 --> 00:02:48.879 a job. It's not something where I'm gonna go at 69 00:02:48.879 --> 00:02:50.879 a stoplight. I'm going to buy a stock real quick 70 00:02:50.919 --> 00:02:52.479 and then I'll sell it at lunchtime. No, you're just 71 00:02:52.520 --> 00:02:54.039 sitting there watching numbers on a screen. 72 00:02:54.240 --> 00:02:54.439 Yeah. 73 00:02:54.479 --> 00:02:56.319 My wife was like, you need to take Jay's class. 74 00:02:56.319 --> 00:02:57.960 You need to take Day's class. And I'm thinking to myself, 75 00:02:58.000 --> 00:03:00.000 it is a job, you know. You you you've got 76 00:03:00.159 --> 00:03:04.400 to commit yourself to following the stock market or following 77 00:03:04.479 --> 00:03:07.919 individual stocks. And honestly, man, that does not sound like 78 00:03:08.039 --> 00:03:11.120 it's fun. You know, it doesn't grab my attention, even 79 00:03:11.120 --> 00:03:14.080 though you can make money at it, you know, applying 80 00:03:14.199 --> 00:03:17.280 meeting myself to that kind of activity just just like 81 00:03:17.400 --> 00:03:19.280 it's just it's not appealing, huh. 82 00:03:19.280 --> 00:03:19.439 You know. 83 00:03:19.840 --> 00:03:21.719 Yeah, And a lot of people out there too, you know, 84 00:03:21.800 --> 00:03:24.039 we hear the stories about crypto and people like make 85 00:03:24.039 --> 00:03:26.039 a lot of money in crypto, and it's the same 86 00:03:26.479 --> 00:03:27.159 kind of approach. 87 00:03:27.319 --> 00:03:29.240 You're not buying and sitting on something. 88 00:03:29.280 --> 00:03:31.680 This isn't you know, a stock where you're you're picking 89 00:03:31.719 --> 00:03:33.800 up something because they just invented the new widget we 90 00:03:33.840 --> 00:03:35.280 all have to have and you can just sit and 91 00:03:35.319 --> 00:03:37.479 watch it rise. You have to learn how to bounce 92 00:03:37.520 --> 00:03:38.639 in and out of it. Then you have to be 93 00:03:38.680 --> 00:03:40.879 willing and more importantly, Brian Thomas, you have to be 94 00:03:40.919 --> 00:03:43.879 willing to take the hits. Everybody who has made money 95 00:03:43.919 --> 00:03:45.960 in anything has lost a lot of money in the 96 00:03:46.000 --> 00:03:48.719 exact same thing. And you're hearing about the good run 97 00:03:48.759 --> 00:03:51.240 that they just had. They don't bother bringing up they 98 00:03:51.319 --> 00:03:55.479 took like gambling. I won four hundred dollars in the casino. 99 00:03:55.680 --> 00:03:57.560 That was like one day, and then you know the 100 00:03:57.879 --> 00:04:01.240 prior six days, you lost four hundred every single day. 101 00:04:02.159 --> 00:04:04.000 Anybody who tells you they made a bunch of money 102 00:04:04.000 --> 00:04:06.560 and something that's great, ask them for the full year. 103 00:04:06.960 --> 00:04:09.000 You know, up ups and downs of whatever they're doing. 104 00:04:09.240 --> 00:04:11.479 And if they're doing something so great, that's awesome. Maybe 105 00:04:11.479 --> 00:04:13.680 they're in the next Warren Buffett, But well take a 106 00:04:13.719 --> 00:04:14.800 breath before you believe them. 107 00:04:14.879 --> 00:04:16.720 One of the things that does impact the market as 108 00:04:16.720 --> 00:04:19.040 well as market futures, jobs data and I guess US 109 00:04:19.160 --> 00:04:21.600 data showed non farm payrolls increased by one hundred and 110 00:04:21.600 --> 00:04:26.439 thirty nine thousand jobs last month. It was downwardly. It 111 00:04:26.480 --> 00:04:28.959 was revised one hundred and forty seven thousand in April. 112 00:04:29.040 --> 00:04:32.680 So what does that mean? Unemployment rates is static at 113 00:04:32.720 --> 00:04:35.199 four point two, which is not bad. I mean that's 114 00:04:35.279 --> 00:04:38.160 I guess considered full employment anyway, We've talked about that before. 115 00:04:38.800 --> 00:04:41.240 Yeah, we're just about darreed. And remember most people will 116 00:04:41.240 --> 00:04:43.519 go well fulls one hundred percent. So why are we calling, 117 00:04:43.920 --> 00:04:46.360 you know, ninety six percent employment full? Well, we have 118 00:04:46.439 --> 00:04:49.000 to have some some oil in the engine. If everybody 119 00:04:49.079 --> 00:04:52.240 is employed, then that means we can't expand anymore. So 120 00:04:52.480 --> 00:04:54.879 we need that buffer of people who need jobs so 121 00:04:54.920 --> 00:04:57.839 that businesses can expand and do the things they need 122 00:04:57.879 --> 00:04:58.120 to do. 123 00:04:58.199 --> 00:04:59.920 So, yeah, some good news last week. 124 00:05:00.360 --> 00:05:03.800 Expectations were kind of low heading into the monthly report 125 00:05:04.120 --> 00:05:06.920 that this one came from ADP. I remember, so ADP 126 00:05:07.040 --> 00:05:09.160 is a private company, of course, just like any other 127 00:05:09.160 --> 00:05:12.000 well public trade, but it's in the private sector and 128 00:05:12.040 --> 00:05:15.959 they're simply reporting on Here's what our little app shows 129 00:05:16.000 --> 00:05:17.879 in terms of all the people who were added to 130 00:05:17.920 --> 00:05:20.480 the system. Because ADP is ultimately a payroll company, they 131 00:05:20.519 --> 00:05:22.839 know exactly how many people were on the system a 132 00:05:22.879 --> 00:05:25.240 month ago and are on now, and then we extrapolate 133 00:05:25.279 --> 00:05:27.839 that out to mean something in the overall economy. But 134 00:05:28.279 --> 00:05:31.279 the main job support showed that employers added about one 135 00:05:31.360 --> 00:05:34.319 hundred and thirty nine thousand jobs. The expectation was one 136 00:05:34.360 --> 00:05:36.600 hundred and twenty six thousand. So a lot of times, 137 00:05:36.800 --> 00:05:38.879 as we know, when we talk about the economy and 138 00:05:38.879 --> 00:05:40.839 the market, what we're trying to do, we're reacting to 139 00:05:40.879 --> 00:05:43.720 whether the analysts were right or not. And in this case, 140 00:05:43.759 --> 00:05:46.560 the analysts were slightly wrong, but in a good way. 141 00:05:46.560 --> 00:05:47.920 We got more than we expected. 142 00:05:48.560 --> 00:05:49.319 No fair enough? 143 00:05:49.759 --> 00:05:54.160 Well, and I know, so what are some of the 144 00:05:54.199 --> 00:05:58.279 other things. I know we got China to talk about 145 00:05:58.360 --> 00:06:02.079 as well, But officials are meeting with the China to 146 00:06:02.120 --> 00:06:05.079 discuss trade, and this seems like I being an on again, 147 00:06:05.160 --> 00:06:07.319 off again proposition, you know, things that seemed to be 148 00:06:07.319 --> 00:06:09.600 going in the right direction, and then as soon as 149 00:06:09.639 --> 00:06:12.040 they sit down to have talks, it tends to go nowhere. 150 00:06:12.040 --> 00:06:13.600 At least that's what it seems to me to be. Like, 151 00:06:13.639 --> 00:06:16.279 I haven't been following yet as closely as perhaps I should. 152 00:06:16.319 --> 00:06:18.519 But then again, as we talked about a moment ago, 153 00:06:18.519 --> 00:06:20.959 there's like eight million different things you can talk about, 154 00:06:21.000 --> 00:06:23.160 and I tend to be following something else other than 155 00:06:23.199 --> 00:06:26.000 our on and off, on again, off again relationship with China. 156 00:06:27.079 --> 00:06:29.680 Right, Yeah, So, so last week there were some discussions 157 00:06:29.680 --> 00:06:32.800 between Trump and President she of China for a nice 158 00:06:32.839 --> 00:06:35.319 phone call that that Trump described as very good, which 159 00:06:35.319 --> 00:06:37.879 is of course always super descriptive, and we get a 160 00:06:37.920 --> 00:06:40.079 lot of information out of a couple of adjectivicy forros 161 00:06:40.120 --> 00:06:43.279 out after a call. But they talked about rare earth 162 00:06:43.360 --> 00:06:47.279 minerals and you know, continuing to talk and renewing negotiations 163 00:06:47.319 --> 00:06:50.040 and all that, and so markets generally took that conversation 164 00:06:50.120 --> 00:06:53.399 as a positive step, although as you as you just mentioned, 165 00:06:53.399 --> 00:06:55.279 there's not a whole lot of meat to it. I 166 00:06:55.360 --> 00:06:57.680 think the markets are responding to the fact that, okay, 167 00:06:57.759 --> 00:07:02.040 so underneath right now, the economy seems to be doing okay, 168 00:07:02.040 --> 00:07:03.959 as we just talked about, the jobs report seems to 169 00:07:03.959 --> 00:07:07.639 be coming along just you know, decently, and we are 170 00:07:07.680 --> 00:07:10.560 willing to have conversations with China and they are willing 171 00:07:10.600 --> 00:07:12.120 to have conversations with us. 172 00:07:12.439 --> 00:07:12.879 That's it. 173 00:07:13.199 --> 00:07:15.600 There's no you know, otherwise it's a big nothing burger 174 00:07:15.639 --> 00:07:17.759 because there isn't a whole lot you can you can 175 00:07:17.839 --> 00:07:20.120 sink your teeth into it as to here's how the 176 00:07:20.199 --> 00:07:22.680 United States and China are going to move forward together 177 00:07:23.279 --> 00:07:26.160 within this global trade economy. It's just the fact that 178 00:07:26.199 --> 00:07:29.199 we are still talking to each other, and underneath, the 179 00:07:29.240 --> 00:07:31.120 economy is doing Okay, So as far as taking the 180 00:07:31.160 --> 00:07:33.079 tempers of the water right now, we are not in 181 00:07:33.120 --> 00:07:34.040 panic vote. 182 00:07:33.839 --> 00:07:35.560 Well, and I you know, speaking of panic vote and 183 00:07:35.560 --> 00:07:39.480 I know panic you know, makes the headlines. The suggestion 184 00:07:39.720 --> 00:07:43.160 that China would dump all US treasuries and and quit 185 00:07:43.240 --> 00:07:47.959 dealing with completely. That's not possible for them, is it now? 186 00:07:48.480 --> 00:07:50.839 So you have to remember whether we'd like each other 187 00:07:50.959 --> 00:07:55.360 or not doesn't really factor into the overall global success 188 00:07:55.360 --> 00:07:58.879 of each individual country's economy. If China, China is the 189 00:07:58.920 --> 00:08:02.839 largest holder of treasury bonds other than the US Treasury itself. Uh, 190 00:08:02.879 --> 00:08:05.319 And if they dumped all of those treasuries, if they 191 00:08:05.360 --> 00:08:09.079 simply walked away, then the value of those would drop 192 00:08:09.120 --> 00:08:11.439 completely and that would hurt China as well. 193 00:08:11.759 --> 00:08:12.879 So that's why they haven't done yet. 194 00:08:12.879 --> 00:08:14.439 If they could pull the trigger and there was no 195 00:08:14.639 --> 00:08:17.160 downside to them, they'd done it already to put themselves 196 00:08:17.199 --> 00:08:19.319 in a better position, as would we. Every country is 197 00:08:19.360 --> 00:08:22.120 out for its own interests. So but but everything is 198 00:08:22.160 --> 00:08:25.199 so interconnected now you can't really make a move without 199 00:08:25.279 --> 00:08:27.600 having some kind of blowback come back your way. And 200 00:08:27.800 --> 00:08:29.959 there's there's the idea of if they were to pull 201 00:08:30.040 --> 00:08:33.480 all of their currency out of and repatriate their currency 202 00:08:33.480 --> 00:08:35.679 by pulling it out of US treasuries and US debt. 203 00:08:35.799 --> 00:08:36.519 Where's it going to go. 204 00:08:37.000 --> 00:08:38.759 They're either gonna they're gonna have to park it in 205 00:08:38.799 --> 00:08:41.159 their own coffers, or they're gonna have to go to 206 00:08:41.360 --> 00:08:45.080 the the next best country out there and buy their debt. 207 00:08:45.360 --> 00:08:46.879 And there's just not a heck of a lot of 208 00:08:46.919 --> 00:08:48.799 size and things you can rely on once you get 209 00:08:48.799 --> 00:08:51.200 past the United States and China. So I don't think 210 00:08:51.240 --> 00:08:52.759 there's that's very likely at all, But it sharres a 211 00:08:52.799 --> 00:08:53.879 sexy headline to talk about. 212 00:08:54.080 --> 00:08:56.399 Yeah it is, and you know, it kind of keeps 213 00:08:56.440 --> 00:08:58.440 people on their heels thinking, oh my god, the world's 214 00:08:58.480 --> 00:09:01.480 gonna end. But practically speaking, that's why I brought it up. 215 00:09:01.799 --> 00:09:04.000 You know, it is an argument they could make, but 216 00:09:04.240 --> 00:09:06.720 you know, the devils and the details and the points 217 00:09:06.759 --> 00:09:10.399 you make show exactly why media isn't as strong as 218 00:09:10.399 --> 00:09:12.240 some are suggesting it is. As we sit down at 219 00:09:12.240 --> 00:09:15.159 the negotiating table with China to talk about trade policies, 220 00:09:15.519 --> 00:09:18.559 think about Kearse Detalks Station Monday Monday at Brian Jamee. 221 00:09:19.519 --> 00:09:20.919 All Right, we talked a little bit about China. 222 00:09:20.960 --> 00:09:24.360 I understand that these trade talks are going to continue today, 223 00:09:26.399 --> 00:09:29.039 so that that obviously is going to impact the markets, 224 00:09:29.080 --> 00:09:30.519 but we don't know what's going to happen, so we're 225 00:09:30.559 --> 00:09:31.600 just going to have to take a wait and see 226 00:09:31.639 --> 00:09:32.600 approach on that one. 227 00:09:32.759 --> 00:09:34.759 Why has apple Stock been struggling? 228 00:09:35.039 --> 00:09:38.879 Brian Well, I think Apple has hit a point where 229 00:09:39.159 --> 00:09:42.039 it's already well known and everybody knows what an iPhone is. 230 00:09:42.080 --> 00:09:44.519 The iPhone hasn't changed drastically. We haven't had a new 231 00:09:44.559 --> 00:09:46.720 device like the you know, the iPad kind of changed 232 00:09:46.759 --> 00:09:49.600 things when it came out. There was, if anybody remembers, 233 00:09:49.639 --> 00:09:52.600 there was the vision pro device that was supposed to 234 00:09:52.600 --> 00:09:54.639 be the next great thing. But those are now apparently 235 00:09:54.720 --> 00:09:57.919 hitting Facebook marketplace as people are just willing to take 236 00:09:58.000 --> 00:10:00.440 losses on the on this multi thousand dollars device that 237 00:10:00.480 --> 00:10:02.840 they bought, so almost kind of in a position where 238 00:10:02.840 --> 00:10:04.320 they've gone just a little bit stale. 239 00:10:04.360 --> 00:10:06.000 I think fair enough on that one. 240 00:10:06.120 --> 00:10:08.480 Okay, now explain this to me because I understand that 241 00:10:08.600 --> 00:10:13.759 opek is increasing production of oil h our our extraction 242 00:10:13.879 --> 00:10:17.120 policies of changing the Trump administration that you know, drill baby, drill, 243 00:10:17.159 --> 00:10:20.120 I guess is the mantra from the Trump administration why 244 00:10:20.159 --> 00:10:24.399 are oil futures up? What's what's the story on this one, Brian. 245 00:10:24.440 --> 00:10:26.919 We're finally getting response, I believe, to the to the 246 00:10:26.960 --> 00:10:29.320 fact that we're hitting the summer travel season in the 247 00:10:29.440 --> 00:10:31.399 United States and then we spend a lot of you know, 248 00:10:31.399 --> 00:10:33.440 we spend a lot of money traveling around. We hadn't 249 00:10:33.440 --> 00:10:35.159 had that yet. Usually you and you and I would 250 00:10:35.200 --> 00:10:36.759 be talking about it if it would have been a headline. 251 00:10:36.799 --> 00:10:38.360 We made it all the way through May without talking 252 00:10:38.399 --> 00:10:40.480 about oil very much. I think our prior years, that 253 00:10:40.559 --> 00:10:43.399 was most of our Monday mornings was talking about that. 254 00:10:43.519 --> 00:10:45.519 But price we had to pump have been down. 255 00:10:45.679 --> 00:10:48.519 I mean, they were left less than three bucks last 256 00:10:48.519 --> 00:10:50.360 week when I checked on gas, but at least up 257 00:10:50.360 --> 00:10:52.200 in my neighborhood. Although it's a little north to three 258 00:10:52.240 --> 00:10:54.879 bucks now, but still that's that's way off from what 259 00:10:54.879 --> 00:10:56.480 it was not that long ago. 260 00:10:56.879 --> 00:10:58.360 You know, I think I think in the past it's 261 00:10:58.399 --> 00:11:01.399 been it's been more driven by hype because, you know, 262 00:11:02.080 --> 00:11:05.879 not so much the actual inputs, but more the idea 263 00:11:05.960 --> 00:11:08.320 that hey, we're gon we're gonna start talking about oil 264 00:11:08.320 --> 00:11:10.679 prices going up. And politicians do this. They have certain 265 00:11:10.679 --> 00:11:13.039 agendas they want to push, so they'll push the idea 266 00:11:13.039 --> 00:11:15.559 that hey, it's April, oil prices are going up, you 267 00:11:15.919 --> 00:11:17.879 gotta be paying attention to these things. Well, I think 268 00:11:17.879 --> 00:11:20.559 we've been distracted by so many things this past year 269 00:11:20.600 --> 00:11:22.519 that there's been so much other stuff to talk about 270 00:11:22.519 --> 00:11:25.639 that that hype never occurred. But now we're running actually 271 00:11:25.679 --> 00:11:28.000 on what is really happening, and now we're officially in 272 00:11:28.080 --> 00:11:31.120 vacation season and all that people are driving and doing more. 273 00:11:31.159 --> 00:11:33.519 The economy actually is despite the headlines of the economy 274 00:11:33.600 --> 00:11:36.679 is doing okay. Yeah, so there is still demand out there, 275 00:11:36.720 --> 00:11:38.759 and we always have that switch to the summer mix 276 00:11:38.799 --> 00:11:40.639 and all that kind of stuff when they change the 277 00:11:40.679 --> 00:11:43.879 chemicals around inside the gas pump, and that is finally 278 00:11:43.879 --> 00:11:44.720 pushing things forward. 279 00:11:44.759 --> 00:11:46.480 But I think for once it's just based on. 280 00:11:46.440 --> 00:11:48.879 The reality of what is actually happening at the pump, 281 00:11:48.960 --> 00:11:50.519 then the hype preceding it. 282 00:11:50.960 --> 00:11:51.039 All. 283 00:11:51.159 --> 00:11:54.080 Right, Well, if you own a Tesla, you don't need gasoline. 284 00:11:54.120 --> 00:11:57.000 But Tesla's stock is another issue. You know, I was 285 00:11:57.080 --> 00:12:00.639 laughing about it earlier, Brian. So we have Elon Musk 286 00:12:00.720 --> 00:12:02.600 is head of DOGE, alienates the left. 287 00:12:02.639 --> 00:12:03.159 They hate him. 288 00:12:03.159 --> 00:12:07.159 He's cutting things evil Elon Musk. So let's vandalize Tesla's 289 00:12:07.200 --> 00:12:10.120 and let's dump the stock. So his stock obviously very volatile, 290 00:12:10.159 --> 00:12:12.879 and it dropped. So now we got the Trump Musk 291 00:12:13.159 --> 00:12:16.120 split up and divorce, saw us making the headlines everywhere. 292 00:12:16.159 --> 00:12:18.000 Oh my god, you're look at their name calling and 293 00:12:18.840 --> 00:12:21.279 Trump or Musk isn't on board for the big beautiful 294 00:12:21.279 --> 00:12:25.440 bill and that's got Donald Trump angry, which obviously has 295 00:12:25.559 --> 00:12:29.440 the suggested impact of angering the Trump side of the 296 00:12:29.480 --> 00:12:32.519 political ledgers. So are they dumping Tesla stock as well? 297 00:12:32.559 --> 00:12:36.000 Because I see Tesla's not done real well, although it 298 00:12:36.039 --> 00:12:37.679 is it did jump a little bit the other day. 299 00:12:38.639 --> 00:12:41.559 Well, Tesla of course dipped its toe into the political waters. 300 00:12:41.840 --> 00:12:44.080 You know obviously when when Elon Musk took his role, 301 00:12:44.120 --> 00:12:45.840 and really before that, when when he took his role 302 00:12:45.840 --> 00:12:50.080 in the campaign. Yeah, so a hard fourteen percent drop 303 00:12:50.519 --> 00:12:54.360 last week when the original announcement or the threat was 304 00:12:54.399 --> 00:12:59.440 made that we could remove the electric vehicle subsidies from 305 00:12:59.720 --> 00:13:01.960 you know, from the ability for somebody to buy it 306 00:13:02.279 --> 00:13:04.480 and make a little bit more reasonably priced. So a 307 00:13:04.480 --> 00:13:06.759 little bounce back there after that fourteen percent drop. It 308 00:13:06.799 --> 00:13:09.360 came back almost four percent. But when that drop happened, 309 00:13:09.399 --> 00:13:11.279 it took away about one hundred and fifty billion dollars 310 00:13:11.320 --> 00:13:12.399 in market value. 311 00:13:12.519 --> 00:13:15.200 Nothing has changed about a Tesla vehicle. 312 00:13:15.240 --> 00:13:17.679 It's the same product it was before this whole debate, 313 00:13:18.480 --> 00:13:20.919 and it kind of fills the same role. However, this 314 00:13:20.960 --> 00:13:23.720 is what happens when when companies dip their toes into 315 00:13:23.799 --> 00:13:27.200 the political where We've seen this before. Henry Ford took 316 00:13:27.200 --> 00:13:29.840 his company through a major hit when he published in 317 00:13:29.840 --> 00:13:32.960 his own newspaper some anti semitic articles. Board was not 318 00:13:33.039 --> 00:13:35.120 publicly traded at the time that he did that. But 319 00:13:35.440 --> 00:13:37.600 same car company, you know, same idea, took a major 320 00:13:37.679 --> 00:13:42.120 hit because the owner took a political stance against some 321 00:13:42.200 --> 00:13:44.279 of his customers. And I think that's what's happening here. 322 00:13:44.279 --> 00:13:45.600 We're just seeing the fallout from it. 323 00:13:45.840 --> 00:13:50.080 Well, and let's face it, you know, Tesla's as a 324 00:13:50.200 --> 00:13:53.679 product propped up in part because the government was willing 325 00:13:53.720 --> 00:13:55.440 to give you some money back if you bought one 326 00:13:55.799 --> 00:13:59.519 that or some other electric vehicles. And I think this 327 00:13:59.600 --> 00:14:03.480 whole green agenda seems to be taking a nosedive globally. 328 00:14:03.519 --> 00:14:06.200 I mean, people are realizing that, you know, solar panels 329 00:14:06.200 --> 00:14:09.720 can't meet the challenges of day to day life blackouts. 330 00:14:10.120 --> 00:14:12.919 These projects have gone over budget, and they're all funded 331 00:14:12.960 --> 00:14:16.720 and fueled by tax pair dollars, and it just seems 332 00:14:16.759 --> 00:14:18.519 to mean it has been a shift away from it, 333 00:14:18.600 --> 00:14:20.919 so that obviously is gonna have a long term impact 334 00:14:20.919 --> 00:14:23.480 on electric vehicles anyway. Hybrids seem to be the way 335 00:14:23.519 --> 00:14:26.399 of the future. Yeah, and I think they're the way 336 00:14:26.440 --> 00:14:27.600 of the future and the way of the present. 337 00:14:27.639 --> 00:14:29.159 I think I think a hybrid is the best deal 338 00:14:29.200 --> 00:14:32.320 you've got going combining old technology with new until we 339 00:14:32.320 --> 00:14:34.399 get to a point where the new technology can really 340 00:14:34.639 --> 00:14:36.320 make everything else obsolete. 341 00:14:36.120 --> 00:14:37.200 You know. But it's interesting there. 342 00:14:37.919 --> 00:14:41.759 Elon Musk has always been obviously at the cutting edge 343 00:14:41.799 --> 00:14:43.360 of how can we make things more efficient and that 344 00:14:43.440 --> 00:14:43.720 kind of thing. 345 00:14:43.720 --> 00:14:45.759 That's why he's got such a huge fan base. 346 00:14:45.759 --> 00:14:49.440 But even he had a solar company called Solar City, 347 00:14:49.840 --> 00:14:53.159 and that we don't talk about that nearly as much 348 00:14:53.200 --> 00:14:55.320 as we talk about Tesla and SpaceX and all those 349 00:14:55.399 --> 00:14:57.720 kinds of things. And so it's very interesting that he 350 00:14:57.759 --> 00:15:00.519 took a position when he went on the police side, 351 00:15:00.559 --> 00:15:03.720 he took a position that worked directly against a lot 352 00:15:03.759 --> 00:15:06.159 of the major companies and the things that he's involved in. 353 00:15:06.200 --> 00:15:08.519 Don't forget SpaceX's right now, it's our only way to 354 00:15:08.559 --> 00:15:11.360 get to space. But it also relies on obviously an 355 00:15:11.440 --> 00:15:15.279 awful lot of federal government grants, and there's some risk 356 00:15:15.360 --> 00:15:16.080 there as well. 357 00:15:16.720 --> 00:15:17.600 He's got it at some point. 358 00:15:17.639 --> 00:15:20.600 If he wants these companies to stay somehow connected and 359 00:15:20.639 --> 00:15:22.639 to stay viable, he's going to have to somehow be 360 00:15:22.679 --> 00:15:25.279 friends with whoever is sitting on the throne in Washington, DC. 361 00:15:25.639 --> 00:15:28.279 And right now the relationship's not going too fabulously, although 362 00:15:28.279 --> 00:15:31.480 it seems that they possibly are on speaking terms again. 363 00:15:31.519 --> 00:15:32.840 But yeah, I guess we'll have to wait to see 364 00:15:32.879 --> 00:15:33.399 more headlines. 365 00:15:33.639 --> 00:15:35.960 I think that's the direction it's going to go, because 366 00:15:36.000 --> 00:15:38.559 that's a true statement. You got to be friends with 367 00:15:38.600 --> 00:15:41.480 the administration, regardless of what the administration is apparently to 368 00:15:41.480 --> 00:15:44.080 get anywhere in this world. Everybody's figured that one out. 369 00:15:44.360 --> 00:15:46.519 Let's pause, bring Brian Jabs back to talk about some 370 00:15:46.519 --> 00:15:50.120 common social media myths about saving debt and by now 371 00:15:50.240 --> 00:15:50.799 pay later. 372 00:15:51.279 --> 00:15:53.159 Eight twenty six, fifty five Kosity Talk station. 373 00:15:58.759 --> 00:16:00.679 Here's your ten and nine first one and one morecast 374 00:16:01.600 --> 00:16:04.720 showers very likely long with some thunderstorm seventy five for 375 00:16:04.720 --> 00:16:07.159 the high Things clear up overnight, going down to sixty degrees, 376 00:16:07.240 --> 00:16:10.120 sunny skies with low humidity. Tomorrow high seventy eight, few 377 00:16:10.120 --> 00:16:13.120 clouds over night fifty eight and a sunny Wednesday and 378 00:16:13.159 --> 00:16:14.960 a dry Wednesdays. They'll be dry the rest of the 379 00:16:14.960 --> 00:16:16.679 week as well. Eighty two for the high end. Right 380 00:16:16.679 --> 00:16:17.399 now it's sixty eight. 381 00:16:17.399 --> 00:16:21.480 In time for traffic from the UC Health the Traffic Center, 382 00:16:21.519 --> 00:16:25.279 from the Sauch Therapy to stress relief and cancer surveillance. 383 00:16:25.360 --> 00:16:29.679 The UC Cancer Center offers the region's largest supportive services 384 00:16:29.720 --> 00:16:33.440 program for cancer patients and survivors. Call five one three 385 00:16:33.519 --> 00:16:37.000 five eighty five U see see see on eastbound seventy 386 00:16:37.039 --> 00:16:40.840 four before Spring Grove Avenue accident blocking off the left lane. 387 00:16:41.039 --> 00:16:44.360 Traffic backed up to Montana Avenue with a six minute delay. 388 00:16:44.440 --> 00:16:47.639 Right now, I'm at Ezamac on fifty five k r 389 00:16:47.759 --> 00:16:49.120 CD talk station. 390 00:16:52.039 --> 00:16:54.240 It is eight twenty nine. If you FI KCD talk station, 391 00:16:54.399 --> 00:16:57.360 Very happy Monday to you. We're gonna raise some awareness 392 00:16:57.399 --> 00:17:00.759 on Giving Voice Foundation. Krista Power, the executive director for 393 00:17:00.759 --> 00:17:03.000 the charity, is also going to talk about a bourbon 394 00:17:03.120 --> 00:17:06.920 raffle for their fundraiser. In the meantime, Brian James myths 395 00:17:07.039 --> 00:17:09.599 out there in the world. I know, folks. One of 396 00:17:09.640 --> 00:17:12.240 the things that you other financial planners always recommend you 397 00:17:12.319 --> 00:17:15.440 have a nice nest egg easily available for you in 398 00:17:15.480 --> 00:17:18.039 case like you get fired or things happen. It's always 399 00:17:18.039 --> 00:17:21.559 worth having some money piled up. But some people are 400 00:17:21.599 --> 00:17:24.400 operating under the perception that, well, it's just not worth 401 00:17:24.480 --> 00:17:27.599