WEBVTT 1 00:00:00.600 --> 00:00:02.919 This is Gary and Shannon and you're listening to KFI 2 00:00:03.080 --> 00:00:05.839 AM six forty, the Gary and Shannon Show on demand 3 00:00:05.919 --> 00:00:09.160 on the iHeartRadio app. The Dow is down about two 4 00:00:09.199 --> 00:00:13.439 point five percent, about one thousand points, helping us follow 5 00:00:13.599 --> 00:00:16.160 all of the volatility on Wall Street, as our friend 6 00:00:16.199 --> 00:00:17.600 Merlin Rothfeld joins us. 7 00:00:17.600 --> 00:00:19.280 Now, Merlin, thanks for your time. 8 00:00:19.879 --> 00:00:21.320 My pleasures always thanks for having me. 9 00:00:21.440 --> 00:00:23.440 Comes at a premium on a week like this, I 10 00:00:23.480 --> 00:00:28.239 would imagine, is this what's your reaction to what we've seen? 11 00:00:28.359 --> 00:00:29.079 First of all this. 12 00:00:29.079 --> 00:00:32.640 Week, I would say this is zero surprise. There's not 13 00:00:32.679 --> 00:00:35.399 even a percentage of surprise of what's going on. We've 14 00:00:35.399 --> 00:00:37.159 been talking about it since the beginning of the year. 15 00:00:37.200 --> 00:00:39.920 And when you have such an extreme amount of regime change, 16 00:00:39.960 --> 00:00:44.159 political change, and all the campaign promises we know going 17 00:00:44.200 --> 00:00:47.159 into this year is just incredible uncertainty. And having done 18 00:00:47.159 --> 00:00:49.079 this for twenty eight years, training only my own money, 19 00:00:49.079 --> 00:00:52.119 not on other accounts, this is just the worst thing 20 00:00:52.119 --> 00:00:56.039 in markets. Markets do not want uncertainty. Anything with clarity, 21 00:00:56.079 --> 00:00:58.880 great markets will trend, things are rosy, whether it's up 22 00:00:58.960 --> 00:01:01.600 or down. Now it's just some uncertainty. So as a 23 00:01:01.640 --> 00:01:04.920 short term trader, this is nirvana. This is the utopia 24 00:01:04.959 --> 00:01:06.879 you've been dreaming about. If you're a long term investor, 25 00:01:07.079 --> 00:01:09.120 you're losing your hair and you'll continue to lose it 26 00:01:09.159 --> 00:01:10.200 for the next few months. 27 00:01:11.040 --> 00:01:13.599 What kind of things? What do you look for? 28 00:01:13.640 --> 00:01:15.519 I mean, is there a magic number that kind of 29 00:01:15.519 --> 00:01:18.599 gives you the temperature of the market for the day 30 00:01:18.719 --> 00:01:24.120 or for the week? You know, those shorter term time limits. 31 00:01:24.560 --> 00:01:26.040 Because a lot of people look at the Dow and 32 00:01:26.040 --> 00:01:27.840 they say, it was up a lot yesterday, Now it's 33 00:01:27.879 --> 00:01:29.400 down a lot today, and then tomorrow it's going to 34 00:01:29.439 --> 00:01:30.640 be up again, and then the next day it's going 35 00:01:30.680 --> 00:01:31.319 to be down again. 36 00:01:31.480 --> 00:01:33.799 Is there something that's more consistent that you keep your 37 00:01:33.840 --> 00:01:34.200 eye on. 38 00:01:35.319 --> 00:01:38.079 Sure, I would say there's a bunch of market mantras 39 00:01:38.079 --> 00:01:39.760 that I think people resonate with, and one of them 40 00:01:40.079 --> 00:01:42.280 is my personal favorite. If I was to get a tattoo, 41 00:01:42.280 --> 00:01:44.159 would be this right across my chest. It would say 42 00:01:44.640 --> 00:01:47.760 the trend is your friend until the bend at the end, 43 00:01:47.760 --> 00:01:50.599 which is so academic and basic, but essentially what it 44 00:01:50.640 --> 00:01:53.159 means is as the market moves in one direction, it 45 00:01:53.159 --> 00:01:55.519 will continue to do so. And since two thousand and 46 00:01:55.680 --> 00:01:58.760 nine up until twenty twenty four, it was only up 47 00:01:58.879 --> 00:02:01.560 except for the COVID drop. Now what we're witnessing is 48 00:02:01.599 --> 00:02:04.239 a series of lower highs, lower lows, which means the 49 00:02:04.280 --> 00:02:07.040 trend is now to the downside. And I hate to 50 00:02:07.120 --> 00:02:10.240 freak out those of you nearing retirement, but the probability 51 00:02:10.319 --> 00:02:14.000 is pretty good that we're going to continue lower. My 52 00:02:14.080 --> 00:02:16.080 guess is that we're going to bounce off this twenty 53 00:02:16.120 --> 00:02:19.879 percent decline mark from the market, that number being right 54 00:02:19.919 --> 00:02:23.520 around four thousand and eight hundred. That's about twenty percent 55 00:02:23.520 --> 00:02:25.639 off the all time high for the SMP. We've already 56 00:02:25.680 --> 00:02:27.639 bounced off that three times. We'll probably hit it a 57 00:02:27.680 --> 00:02:30.759 couple more as we approach it. The Fed will probably 58 00:02:30.759 --> 00:02:32.719 step in and try to support the market as they 59 00:02:32.719 --> 00:02:35.759 did in two thousand and eight identical picture. And once 60 00:02:35.800 --> 00:02:38.280 that level breaks, we'll probably see continue moved to the 61 00:02:38.319 --> 00:02:43.639 downside until we get structured clarity on tariffs, on trade, 62 00:02:43.680 --> 00:02:46.240 on budget and all that stuff. So to me, to 63 00:02:46.240 --> 00:02:48.759 answer your question, the trend is your friend. Right now, 64 00:02:48.759 --> 00:02:51.199 the trend is down. I'm betting if the markets are 65 00:02:51.199 --> 00:02:51.919 going down. 66 00:02:52.520 --> 00:02:56.479 We're talking to Merlin Rothfeld. He actually took all of 67 00:02:56.479 --> 00:03:00.280 his experience to Europe. He built a financial training materials 68 00:03:00.319 --> 00:03:03.840 lab essentially for banks and brokerages and universities, and we're 69 00:03:03.879 --> 00:03:08.560 hearing about the EU and its a response today as well. 70 00:03:08.800 --> 00:03:12.360 Globally speaking, Merlin, how do you see the rest of 71 00:03:12.400 --> 00:03:15.280 the week playing out in terms of reaction to what's 72 00:03:15.280 --> 00:03:16.000 going on here? 73 00:03:17.240 --> 00:03:19.319 Just like we have the first three days of the week, 74 00:03:19.360 --> 00:03:21.159 you know it's going to be big ups or sorry 75 00:03:21.120 --> 00:03:23.000 report it is a week big ups, big downs, and 76 00:03:23.080 --> 00:03:24.879 just a lot of uncertainty as we try to put 77 00:03:24.919 --> 00:03:26.560 these chips in place. You know, if you look at 78 00:03:26.680 --> 00:03:29.520 the politics of what's going on and not to polarize 79 00:03:29.520 --> 00:03:32.599 either party either way, we're going to get this market volatility. 80 00:03:32.919 --> 00:03:35.680 What we have with this unilateral reciprocal tariff issue is 81 00:03:36.039 --> 00:03:39.000 we are now alienating our friends and allies in Mexico 82 00:03:39.199 --> 00:03:43.199 and Canada and Europe, and that move starts to bring 83 00:03:43.240 --> 00:03:45.759 the question does Europe now start to side with China? 84 00:03:45.879 --> 00:03:48.120 Does it push them closer to China, make them more 85 00:03:48.120 --> 00:03:50.319 of an ally? Which is why I think Trump's decision 86 00:03:50.400 --> 00:03:53.680 was an interesting one to stop the reciprocal tariffs, and 87 00:03:53.759 --> 00:03:55.919 that kind of makes peace with everybody. So now we 88 00:03:55.960 --> 00:03:58.159 look like we're more friends with them. I don't know 89 00:03:58.199 --> 00:04:00.560 where we stand in three to six months. I do 90 00:04:00.599 --> 00:04:02.199 think that the rest of the world is looking at 91 00:04:02.199 --> 00:04:05.080 the decisions by President Trump going what the heck are 92 00:04:05.080 --> 00:04:06.719 you doing, Bud? You know, why, why are you going 93 00:04:06.800 --> 00:04:09.159 to do this? Thus, whether you agree with the terraces 94 00:04:09.240 --> 00:04:11.479 or not is none of my business, you know. I'm 95 00:04:11.520 --> 00:04:13.599 just a trader trying to capitalize on these market moves. 96 00:04:14.479 --> 00:04:16.160 I don't know how Europe's going to ultimately come out 97 00:04:16.160 --> 00:04:18.279 of this. I do know that there is some angst. 98 00:04:18.560 --> 00:04:20.240 My friends that live in Europe look at it as 99 00:04:20.480 --> 00:04:23.120 an active possibility, and they, you know, look at me going, 100 00:04:23.120 --> 00:04:25.120 what are you doing as an American? Like, Hey, I'm 101 00:04:25.160 --> 00:04:27.720 just an American trying to do my best, you know, increase 102 00:04:27.759 --> 00:04:29.720 my net worth over time and trade these markets. So 103 00:04:30.000 --> 00:04:31.879 I can't give you definitive answer on that one. As 104 00:04:31.879 --> 00:04:33.920 far as what I think Europe is going to do, 105 00:04:34.439 --> 00:04:36.120 I do think that they will start to come to 106 00:04:36.120 --> 00:04:39.800 the table and negotiate. As you look across the spectrum here, 107 00:04:40.120 --> 00:04:42.120 the United States and China are the two bullies in 108 00:04:42.160 --> 00:04:43.920 the school yard. And typically when you have a fight 109 00:04:43.959 --> 00:04:46.160 in the schoolyard, Gary Wum, I remember this. I go 110 00:04:46.199 --> 00:04:47.560 out by the gym at the end of school and 111 00:04:47.560 --> 00:04:50.000 there's that big fight between the two big bullies. All 112 00:04:50.040 --> 00:04:51.759 the small kids stand around and shouting, and you know 113 00:04:51.839 --> 00:04:54.000 that was me. I was the one standing in inside, shouting, yelling. 114 00:04:55.000 --> 00:04:57.160 The bully can knock me out right away, right The 115 00:04:57.240 --> 00:05:00.839 US can knock out Vietnam and Cambodi in Thailand with 116 00:05:00.839 --> 00:05:03.199 regards to tariffs. We can bully them into submission, which 117 00:05:03.240 --> 00:05:05.399 we are doing, I hate to say it. China, on 118 00:05:05.399 --> 00:05:07.839 the other hand, is the big juggernaut that we can't 119 00:05:07.879 --> 00:05:09.720 really bully. So I think this is going to escalate 120 00:05:09.839 --> 00:05:11.839 and come to a head here in the next couple 121 00:05:11.879 --> 00:05:14.240 of months. I don't know what the ultimate outcome will be. 122 00:05:14.680 --> 00:05:16.839 I do think you'll see more downside movement though. 123 00:05:17.560 --> 00:05:19.399 Did a lot of people take advantage of this? Like 124 00:05:19.480 --> 00:05:21.639 you said, it was not a surprise. I didn't think 125 00:05:21.639 --> 00:05:23.439 it was a surprise either. I mean, I could we 126 00:05:23.480 --> 00:05:25.800 could have charted this out in our opinion. Is watching 127 00:05:25.839 --> 00:05:28.360 this happen knowing that Donald Trump doesn't have the kind 128 00:05:28.360 --> 00:05:30.199 of personality where he was just going to let Wall 129 00:05:30.199 --> 00:05:35.399 Street bleed forever, you know, or even another week. Were 130 00:05:35.439 --> 00:05:38.199 there a lot of people who saw the low numbers 131 00:05:38.319 --> 00:05:40.920 jumped in and then knew that it would rally the 132 00:05:40.959 --> 00:05:44.360 way it did when he finally said, all right, we'll 133 00:05:44.439 --> 00:05:45.319 pause this whole deal. 134 00:05:46.199 --> 00:05:47.800 Well, I would say the one thing for certain the 135 00:05:47.800 --> 00:05:50.040 markets is nothing as certain. So to make it ifid 136 00:05:50.079 --> 00:05:52.439 it seeming like did people absolutely know? No, I think 137 00:05:52.480 --> 00:05:54.600 people suspect it. You know, when you look across the 138 00:05:54.639 --> 00:05:58.959 spectrum at like the magnificent seven stocks, which is you know, Google, Amazon, Tesla, 139 00:05:59.120 --> 00:06:01.519 and Vidia, most of those which have been leading this 140 00:06:01.720 --> 00:06:04.720 market up to record games twenty five plus percent gains 141 00:06:04.720 --> 00:06:07.040 per year for the last two years. That's all because 142 00:06:07.040 --> 00:06:10.040 those seven stocks, and as those start to drop, as 143 00:06:10.040 --> 00:06:12.399 they have aggressively. I mean, Tesla's down was down over 144 00:06:12.439 --> 00:06:15.439 fifty percent. There does come a group of people like 145 00:06:15.519 --> 00:06:17.519 myself when I look at my long term accounts, and 146 00:06:17.519 --> 00:06:19.920 I'm sure most of your audience in their investment accounts, 147 00:06:20.199 --> 00:06:22.600 look at something like Tesla and at fifty percent drop, 148 00:06:22.639 --> 00:06:25.319 going hey, I may not be keying a Tesla, or 149 00:06:25.360 --> 00:06:27.319 I may not like Elon Musk, but as a company 150 00:06:27.800 --> 00:06:31.279 they're shaping the future of technology, of AI, of robotics, 151 00:06:31.279 --> 00:06:33.639 of you know, all sorts of different areas. It's probably 152 00:06:33.680 --> 00:06:35.560 a good deal fifty percent down, I think a lot 153 00:06:35.560 --> 00:06:38.480 of people believe that and looking for value buys, so 154 00:06:39.000 --> 00:06:41.879 it'll bounce accordingly. But again I keep emphasizing it. I 155 00:06:41.920 --> 00:06:44.800 do think will slowly trick lower, probably ending the year 156 00:06:44.839 --> 00:06:46.759 down right around I would say probably about thirty percent 157 00:06:46.800 --> 00:06:49.199 slide per the year from the piece that tattoo. 158 00:06:49.279 --> 00:06:51.600 Are you thinking like Sanskrit comic. 159 00:06:51.360 --> 00:06:54.720 Sandi's New Roman? I would suggest, Franklin gossip, I like 160 00:06:54.839 --> 00:06:56.160 just style. 161 00:06:56.920 --> 00:06:58.959 You like, yeah, yeah, I don't know. I have to 162 00:06:58.959 --> 00:07:00.959 create my own thought for that one. And you know 163 00:07:01.639 --> 00:07:03.360 you said something funny earlier. I wanted to say. You 164 00:07:03.480 --> 00:07:05.279 talked about, you know, a higher education kun of being 165 00:07:05.279 --> 00:07:07.199 a waste. I look at my degree. I have a 166 00:07:07.199 --> 00:07:10.040 finance degree, and I would say, on for the most part, 167 00:07:10.279 --> 00:07:12.519 a colossal waste of time and money. Other than the 168 00:07:12.560 --> 00:07:15.839 networking and friends I made. The most significant thing my 169 00:07:15.879 --> 00:07:18.439 finance degree taught me was the utopian view of how 170 00:07:18.480 --> 00:07:22.560 the financial markets actually operate. In reality, it's the complete opposite. 171 00:07:22.639 --> 00:07:25.079 The markets do what least people expect it to do. 172 00:07:25.199 --> 00:07:27.120 So right now, people think the markets are going to 173 00:07:27.199 --> 00:07:29.360 rally because Trump's going to save the day. I think 174 00:07:29.360 --> 00:07:30.279 we're gonna keep going down. 175 00:07:30.639 --> 00:07:33.800 Wow, all right, Marlin Thank you so much, appreciate your time. 176 00:07:33.800 --> 00:07:37.279 I'm glad any time Merlin Rothfield, They'll follow him on, 177 00:07:38.120 --> 00:07:40.439 follow him on X. You can follow him at Trader 178 00:07:40.600 --> 00:07:44.040 Merlin and get some of that great information up next, 179 00:07:44.759 --> 00:07:48.879 there's a book that's out and it pulls a curtain 180 00:07:48.959 --> 00:07:52.439 back on something that I think we all had a 181 00:07:52.959 --> 00:07:57.439 inkling about. But the description of the descriptions of how 182 00:07:57.560 --> 00:08:01.600 close people were to Joe Biden and what he literally 183 00:08:01.720 --> 00:08:04.279 looked like up close, and his behavior up close. 184 00:08:04.439 --> 00:08:06.720 You and I watched from a country away in this 185 00:08:06.839 --> 00:08:09.319 coal could tell that it was heartbreaking. 186 00:08:10.720 --> 00:08:14.199 You're listening to Gary and Shannon on Demand from KFI 187 00:08:14.439 --> 00:08:15.319 AM six forty. 188 00:08:16.600 --> 00:08:20.480 ABC News anchored George Stephanopolis reportedly said his post debate 189 00:08:20.600 --> 00:08:25.560 interview with Biden was heartbreaking up close. This is the 190 00:08:25.600 --> 00:08:27.839 new book we talked about, I believe last week, Chris 191 00:08:27.920 --> 00:08:31.439 Whipple's new book. It's called Uncharted, How Trump beat Biden, 192 00:08:31.519 --> 00:08:34.639 Harris and the Odds and the wildest campaign in history. 193 00:08:35.080 --> 00:08:37.679 Gosh, you could write that about every camp. 194 00:08:37.759 --> 00:08:40.559 I mean, it feels like every campaign, the next one 195 00:08:40.600 --> 00:08:42.279 is the wildest one. 196 00:08:42.120 --> 00:08:46.279 Or the most important, exactly the last one right. 197 00:08:47.200 --> 00:08:54.039 Whipple described Biden as horse semi coherent throughout the interviews, 198 00:08:54.080 --> 00:08:59.559 said Stephanopolis was equally disappointed. Whipple wrote, Stephanopolis questioned the 199 00:08:59.559 --> 00:09:03.879 president gently, like a grandson. Afterward, when I asked the 200 00:09:04.039 --> 00:09:08.759 ABC anchor my buy email for his impressions, he replied, 201 00:09:09.000 --> 00:09:10.279 heartbreaking up. 202 00:09:10.200 --> 00:09:12.000 Close, of course, it is. 203 00:09:12.200 --> 00:09:14.519 We've all seen it with relatives, or some of us 204 00:09:14.559 --> 00:09:17.240 have seen it with aging relatives. Used to be on 205 00:09:17.320 --> 00:09:20.600 top of their game, quick, quick as hell, and then 206 00:09:20.679 --> 00:09:21.200 when they're not. 207 00:09:21.440 --> 00:09:24.759 It's very heartbreaking, yeah, because I. 208 00:09:24.679 --> 00:09:30.320 Mean, they're technically the sale there, but they don't seem 209 00:09:30.480 --> 00:09:33.200 like the same person, right, And that's a hard thing 210 00:09:33.240 --> 00:09:35.919 to give up for a lot of people. The you know, 211 00:09:36.039 --> 00:09:39.399 the identity of who this loved one that is different. 212 00:09:40.840 --> 00:09:46.240 It to me is very telling that we've seen one 213 00:09:46.919 --> 00:09:53.879 public event with President Biden one since he left office. 214 00:09:54.759 --> 00:09:59.039 And listen, I don't begrudge any president their privacy because 215 00:09:59.159 --> 00:10:01.120 I can't imagine and what it's like to be in 216 00:10:01.159 --> 00:10:03.559 the office in the first place. I can't imagine the 217 00:10:03.639 --> 00:10:06.639 relief you would feel or the just the letdown that 218 00:10:06.679 --> 00:10:10.159 you would feel after you're out of office and things relax. 219 00:10:11.440 --> 00:10:14.159 But it is significant that people don't go to him 220 00:10:14.159 --> 00:10:17.279 to ask him questions about the current economy and listen, 221 00:10:17.320 --> 00:10:17.799 part of that. 222 00:10:17.840 --> 00:10:18.720 Is just curs. 223 00:10:19.080 --> 00:10:22.360 You hear about Obama every day, and you know, age 224 00:10:22.399 --> 00:10:24.200 is obviously a factor when it comes to that, but 225 00:10:24.240 --> 00:10:25.120 it is weird to me. 226 00:10:25.679 --> 00:10:27.840 I'll say the same thing about the first Lady of 227 00:10:27.879 --> 00:10:31.440 the United States. When's the last time you saw Malania 228 00:10:31.480 --> 00:10:35.320 Trump in any capacity? She doesn't want to have anything 229 00:10:35.360 --> 00:10:38.559 to do with the public spotlight. Understandable, but for her 230 00:10:38.679 --> 00:10:41.039 it's probably a different reason than it is for Joe 231 00:10:41.080 --> 00:10:45.519 and Jill Biden. They are protecting him. It seems like 232 00:10:46.679 --> 00:10:48.879 from just getting too much. 233 00:10:48.759 --> 00:10:51.039 Caring That on for as long as they did was 234 00:10:51.080 --> 00:10:52.720 really criminal, It really was. 235 00:10:53.720 --> 00:10:58.559 It makes me wonder more about the ongoing discussions that 236 00:10:58.600 --> 00:11:01.919 were taking place between Joe Biden and Nancy Pelosi, right 237 00:11:02.399 --> 00:11:06.320 these two, I don't know, stalwarts of the Democratic Party. 238 00:11:06.360 --> 00:11:10.279 What were those conversations actually like and did it ever 239 00:11:10.440 --> 00:11:13.720 cross the line of Listen, I'm not coming to you 240 00:11:13.759 --> 00:11:17.000 as the minority leader in Congress and you as the 241 00:11:17.000 --> 00:11:19.360 President of the United States. I'm coming to you as 242 00:11:19.399 --> 00:11:22.519 somebody who's known you for the last forty five years, 243 00:11:23.120 --> 00:11:25.519 and I'm seeing something in you that needs to be 244 00:11:25.559 --> 00:11:26.919 addressed well. 245 00:11:26.759 --> 00:11:28.360 And you know, I catch how, Oh you don't say 246 00:11:28.360 --> 00:11:30.840 anything about Trump. He's old and crazy. Yeah, but he's 247 00:11:30.919 --> 00:11:35.480 always been crazy. I'm not saying that it's okay. I'm 248 00:11:35.519 --> 00:11:38.759 just saying that's who he is. His behavior has been 249 00:11:38.799 --> 00:11:40.919 the same as it was the first term. It's been 250 00:11:40.960 --> 00:11:43.399 the I remember interviews I saw with him in the eighties. 251 00:11:43.440 --> 00:11:46.639 He is the same guy. Biden was not the same guy. 252 00:11:47.000 --> 00:11:49.519 He was old plus not the same guy. He wasn't 253 00:11:49.600 --> 00:11:52.840 himself and everyone could see it. And the idea that 254 00:11:52.879 --> 00:11:55.399 you were saying, Oh, but he's fine, he's going to 255 00:11:55.480 --> 00:11:58.679 keep running. It's gonna know what world are you living. 256 00:11:58.440 --> 00:12:01.000 In looking at that guy and jesting that he's got 257 00:12:01.039 --> 00:12:02.279 for four strong years? 258 00:12:02.320 --> 00:12:06.159 And lord, what a mess? What just a complete denial. 259 00:12:07.279 --> 00:12:10.200 And if you care about the person, I always thought 260 00:12:10.279 --> 00:12:12.360 Joe Biden was a nice guy. I mean, agree with 261 00:12:12.399 --> 00:12:15.200 him or disagree with him. He was super likable. I 262 00:12:15.399 --> 00:12:17.240 liked him from what I saw about him. 263 00:12:17.519 --> 00:12:19.559 And if you liked him, you're like, what are you doing? 264 00:12:19.600 --> 00:12:21.720 Why would you keep trotting this guy out there? 265 00:12:22.000 --> 00:12:24.639 If you care about him, freaking take care of him 266 00:12:24.639 --> 00:12:27.039 and take care of his legacy. You're gonna let him 267 00:12:27.039 --> 00:12:29.919 go out like that. That to me, it's like the homeless. 268 00:12:30.120 --> 00:12:32.039 Oh you care so much about the homeless, you're gonna 269 00:12:32.080 --> 00:12:33.879 let them just go pour needles into their arms. 270 00:12:33.919 --> 00:12:36.639 All that's really caring? Doesn't them continue to live? 271 00:12:36.720 --> 00:12:36.879 Yeah? 272 00:12:37.080 --> 00:12:37.679 Really caring. 273 00:12:37.960 --> 00:12:41.919 We talked earlier about this record breaking couple, these schoolgirl 274 00:12:42.080 --> 00:12:45.879 friends who had been sending cards back the same literally 275 00:12:45.919 --> 00:12:48.279 the same birthday card, back and forth to each other 276 00:12:48.320 --> 00:12:48.919 for decades. 277 00:12:49.120 --> 00:12:53.000 Gary and Shannon, I just wanted to tell you, when 278 00:12:53.039 --> 00:12:58.000 my grandson was around eleven, twelve, thirteen years old, I 279 00:12:58.200 --> 00:13:01.360 noticed when I gave him his birthday card, he took 280 00:13:01.440 --> 00:13:04.000 the money out of the card and just tossed the. 281 00:13:03.960 --> 00:13:05.720 Car a sign no interest. 282 00:13:06.679 --> 00:13:08.720 So I picked it up out of the backseat of 283 00:13:08.759 --> 00:13:11.759 my car, and I gave it same guard to him 284 00:13:11.799 --> 00:13:15.519 the next year, and the next year and the next year. 285 00:13:16.799 --> 00:13:21.200 That's a lesson you should learn very early on in life, 286 00:13:21.200 --> 00:13:23.399 to the point where you don't even remember learning the 287 00:13:23.480 --> 00:13:25.440 lesson because you were so young when we when you 288 00:13:25.519 --> 00:13:28.000 learned it that you got a card from a family 289 00:13:28.039 --> 00:13:31.279 member and you took the money out without looking at 290 00:13:31.320 --> 00:13:34.919 the card. I mean, I look at cards to this 291 00:13:35.080 --> 00:13:41.399 day with such interest because That lesson was so impounded 292 00:13:41.399 --> 00:13:44.600 in my brain at such a young age of Oh no, no, no, no, 293 00:13:44.960 --> 00:13:45.360 you're going to. 294 00:13:45.399 --> 00:13:45.879 Read the card. 295 00:13:45.919 --> 00:13:47.799 You're going to look at the little Easter bunny or 296 00:13:47.799 --> 00:13:50.559 the egg or whatever it is or your birthday, you know, car, 297 00:13:50.600 --> 00:13:52.240 and you're gonna read it. You're gonna read the inscription 298 00:13:52.320 --> 00:13:54.480 and all of that and then get to whatever was 299 00:13:54.480 --> 00:13:54.799 put in. 300 00:13:54.960 --> 00:13:56.480 Like that's a lesson that you should learn. 301 00:13:57.000 --> 00:13:59.440 Also, another lesson that I think that has gone by 302 00:13:59.440 --> 00:14:03.320 the wayside is thank you. Teaching your kids to say 303 00:14:03.440 --> 00:14:06.080 thank you. It is the simplest thing you can do, 304 00:14:07.039 --> 00:14:09.799 and there's so many adults that lack that skill. 305 00:14:09.960 --> 00:14:13.759 I'm floored by it. And when it's kids, it's almost worse. 306 00:14:13.879 --> 00:14:15.759 But when it's adult, you're like, how did you get 307 00:14:15.799 --> 00:14:18.639 through childhood without thanking people? 308 00:14:18.720 --> 00:14:19.879 I was hyper aware. 309 00:14:20.000 --> 00:14:23.320 I don't know why this weekend's different than other weekends, 310 00:14:23.360 --> 00:14:26.159 but I was hyper aware of the way I was 311 00:14:26.279 --> 00:14:30.480 talking to UH waiters and waitresses when I was in 312 00:14:30.559 --> 00:14:35.159 Texas with my wife and daughter. And I don't know why, 313 00:14:35.279 --> 00:14:40.279 but I was as absolutely friendly as I could. Thank 314 00:14:40.759 --> 00:14:43.519 thank you for the extra syrup, eye contact and everything, 315 00:14:43.559 --> 00:14:46.159 like stop what I'm doing, not looking at my phone, 316 00:14:46.240 --> 00:14:48.320 but thanking them for everything that they would come by 317 00:14:48.480 --> 00:14:49.039 has everything? 318 00:14:49.080 --> 00:14:51.519 Okay, is this enough? Yes? Everything's great. 319 00:14:51.600 --> 00:14:56.240 Eye contact I was at I think it was because 320 00:14:56.799 --> 00:14:58.960 it was your story about the guy that you were 321 00:14:58.960 --> 00:15:01.200 going out with one time that we rude to the way. Yeah, 322 00:15:01.279 --> 00:15:04.159 it's like, these are real people, like you know, and 323 00:15:04.399 --> 00:15:07.600 it's just eye contact, having eye contact with people. I 324 00:15:07.679 --> 00:15:11.120 was with Joe in Orange County somewhere, I forget where. 325 00:15:11.120 --> 00:15:16.080 We were having lunch and the waitress came by and 326 00:15:16.200 --> 00:15:18.039 she's like, Hey, can I get you guys something to 327 00:15:18.120 --> 00:15:18.679 drink or whatever? 328 00:15:18.799 --> 00:15:20.440 And I was like, Hi, how are you? And she's 329 00:15:20.480 --> 00:15:23.039 like a good, thank you, how are you? 330 00:15:23.240 --> 00:15:25.360 Like? It was such a shock that somebody would make 331 00:15:25.399 --> 00:15:28.799 eye contact and have like a human conversation as opposed 332 00:15:28.799 --> 00:15:30.080 to You're just here to do something for. 333 00:15:30.159 --> 00:15:33.679 Me, transactional thing. Yeah, I'll take the Uh. She was 334 00:15:33.720 --> 00:15:35.720 like what it was like? It totally took her off guard. 335 00:15:37.039 --> 00:15:37.399 All right. 336 00:15:37.559 --> 00:15:40.440 Up next a little wellness segment to get to we 337 00:15:40.480 --> 00:15:44.159 have some interesting stories about what you're hearing level. 338 00:15:44.600 --> 00:15:47.600 Your hearing level says about your. 339 00:15:47.519 --> 00:15:50.720 Risk of heart disease, and there's a very interesting aspect 340 00:15:50.799 --> 00:15:53.840 of it that I noticed in my parents when they 341 00:15:53.879 --> 00:15:55.360 started getting a little bit older. 342 00:15:55.759 --> 00:15:59.000 Oh yeah, well, when the hearing goes, everything goes, including 343 00:15:59.039 --> 00:16:01.639 the heart, right, I mean it all starts breaking down. 344 00:16:01.679 --> 00:16:03.799 At some point you get lucky enough to live long 345 00:16:03.879 --> 00:16:04.960 enough and everything breaks. 346 00:16:05.240 --> 00:16:08.399 Gary Chennon will care you go feel good. Thursday rolls on. 347 00:16:09.720 --> 00:16:13.200 You're listening to Gary and Shannon on demand from KFI 348 00:16:13.440 --> 00:16:14.720 Am six forty robin. 349 00:16:14.759 --> 00:16:15.440 I forgot to ask. 350 00:16:15.559 --> 00:16:18.120 You have our little wellness thing, the little desk ready 351 00:16:18.159 --> 00:16:20.200 to go so we can play a little like Blue 352 00:16:20.240 --> 00:16:24.080 La Lou. It's wellness time. Okay, well, then let's hit 353 00:16:24.120 --> 00:16:25.799 that thing and we'll get into our wellness segment. 354 00:16:26.360 --> 00:16:31.080 Yeah, it's all right, No, no future. He spends most 355 00:16:31.080 --> 00:16:34.360 of his day at the office city into the variot, 356 00:16:35.159 --> 00:16:39.399 preferably some exercise late in the afternoon. I never exercised a. 357 00:16:39.480 --> 00:16:40.519 Day in my line. 358 00:16:40.600 --> 00:16:42.480 You just got to sit here and wait till die. 359 00:16:42.679 --> 00:16:46.480 Every morning I smoke a cigarette and for lunch, I 360 00:16:46.639 --> 00:16:51.559 eat a bacon sandwich, and I usually drink my dinner. 361 00:16:51.799 --> 00:16:55.399 It's time for Gary and Shannon's Periodic Guide for Wellness 362 00:16:55.440 --> 00:16:57.919 and Personal Improvement for your health. 363 00:16:58.320 --> 00:17:01.320 Which grain juice should I drink while you're doing this one, 364 00:17:01.440 --> 00:17:03.440 the darker one. Are you sure I've got a home 365 00:17:03.600 --> 00:17:05.440 right home? Okay, it seems like there's a lot of 366 00:17:06.039 --> 00:17:08.640 a lot of fiber in this This one's got celery and 367 00:17:08.680 --> 00:17:12.880 cucumber and kale and parsley and romaine and wheat, grass 368 00:17:12.920 --> 00:17:15.599 and cilantro and basil and mint and spinach and dill 369 00:17:15.759 --> 00:17:16.359 and fennel. 370 00:17:16.759 --> 00:17:20.039 Send you home with a roll of roll of paper towels. Yeah, 371 00:17:20.240 --> 00:17:21.440 are you sure about this? Totally? 372 00:17:21.440 --> 00:17:23.200 All right, let's see because I don't have to clean 373 00:17:23.200 --> 00:17:26.359 out the front seat. More than sixty million people around 374 00:17:26.359 --> 00:17:30.160 the world suffer from heart failure, and the most common 375 00:17:30.400 --> 00:17:33.920 causes would be heart disease and high blood pressure and obesity. 376 00:17:34.319 --> 00:17:37.200 But there's a new study in the journal Heart that 377 00:17:37.319 --> 00:17:41.160 says that hearing loss is linked to a heightened risk 378 00:17:41.319 --> 00:17:42.200 of heart failure. 379 00:17:42.319 --> 00:17:44.759 Oh my god, that's awful. Yeah, you're going to finish 380 00:17:44.759 --> 00:17:46.480 that whole thing. Okay, you opened it. 381 00:17:47.319 --> 00:17:51.319 So it doesn't mean heart failure, doesn't mean that it 382 00:17:51.319 --> 00:17:53.680 stops working all together. It just means that the heart 383 00:17:53.720 --> 00:17:56.960 needs extra support to do its job. And what they 384 00:17:57.000 --> 00:18:01.319 have said in this new study is that about four 385 00:18:01.400 --> 00:18:06.000 thousand of the people who were studied with heart failure 386 00:18:06.359 --> 00:18:09.920 were hearing aids. Those who didn't were categorized as having 387 00:18:09.960 --> 00:18:13.839 either normal or insufficient or poor hearing. And what they 388 00:18:13.920 --> 00:18:16.200 said was on an average follow up of about a 389 00:18:16.240 --> 00:18:18.440 dozen years later, about three percent of the people in 390 00:18:18.440 --> 00:18:22.319 the study develop heart failure. People with the insufficient or 391 00:18:22.440 --> 00:18:26.400 poor hearing had a fifteen to twenty eight percent higher 392 00:18:26.680 --> 00:18:30.119 risk of heart failure compared to those who lived with 393 00:18:30.599 --> 00:18:34.160 normal hearing. This is an observational study. It can't prove 394 00:18:34.200 --> 00:18:37.720 that hearing loss actually causes heart failure, but that there 395 00:18:37.799 --> 00:18:42.720 is some kind of link there. Now, as we've seen 396 00:18:42.960 --> 00:18:46.200 and know, if you've got family that has reached a 397 00:18:46.200 --> 00:18:50.160 certain age and hearing starts to go, if they don't 398 00:18:50.200 --> 00:18:53.079 stay on top of it, it can be a massive 399 00:18:54.079 --> 00:18:57.279 problem and have much more of an impact than just 400 00:18:57.440 --> 00:18:58.240 hearing loss. 401 00:18:58.240 --> 00:18:59.799