1 00:00:05,200 --> 00:00:10,240 Speaker 1: Lie from ball Heart Plainer and the Crossroads of America. 2 00:00:10,560 --> 00:00:12,000 Speaker 2: It's Tony Katz today. 3 00:00:12,600 --> 00:00:15,880 Speaker 1: So the futures today when we talk about the market started, 4 00:00:16,040 --> 00:00:20,079 Speaker 1: huge up for the Dow and massive down for the Nasdaq, 5 00:00:20,840 --> 00:00:23,400 Speaker 1: and then you took a look at things as the 6 00:00:23,480 --> 00:00:26,239 Speaker 1: market they started, it was huge up for the Dow 7 00:00:27,000 --> 00:00:32,920 Speaker 1: and a massive down for the Nasdack. You're like, I 8 00:00:32,960 --> 00:00:35,879 Speaker 1: don't quite understand what's going on here. I don't know 9 00:00:35,920 --> 00:00:38,280 Speaker 1: how this is supposed to work. I'm not even sure 10 00:00:38,320 --> 00:00:41,400 Speaker 1: how people see this economy right now. And you see 11 00:00:41,440 --> 00:00:44,360 Speaker 1: oil prices had moved back up to one hundred dollars 12 00:00:44,400 --> 00:00:46,680 Speaker 1: a barrel on the Brent crude and now back down 13 00:00:46,720 --> 00:00:50,000 Speaker 1: to eighty dollars because Trump said for two days we're 14 00:00:50,040 --> 00:00:51,760 Speaker 1: not going to fire any weapons at him, and that 15 00:00:51,960 --> 00:00:56,160 Speaker 1: was enough. I think that the market is a silly place, 16 00:00:56,520 --> 00:00:58,840 Speaker 1: and I think that the market, like you, doesn't necessarily 17 00:00:58,920 --> 00:01:02,160 Speaker 1: represent Midwest Main Street. For what is it that we 18 00:01:02,160 --> 00:01:04,080 Speaker 1: can learn? What is it that it's trying to tell 19 00:01:04,160 --> 00:01:07,040 Speaker 1: us right now? Especially, I mean we talked about the 20 00:01:07,560 --> 00:01:09,680 Speaker 1: DOO and the overall and the Nasdaq and the overall, 21 00:01:10,120 --> 00:01:13,360 Speaker 1: and what about things like SpaceX which opened up at 22 00:01:13,360 --> 00:01:14,880 Speaker 1: one hundred and thirty five dollars a share. 23 00:01:14,959 --> 00:01:16,800 Speaker 2: This is Elon Musk's company. 24 00:01:17,120 --> 00:01:20,000 Speaker 1: It's skyrockets to two hundred, then it falls down to 25 00:01:20,040 --> 00:01:24,240 Speaker 1: one hundred and ten. This normal for an IPO Or 26 00:01:24,280 --> 00:01:25,640 Speaker 1: is there something else at play? 27 00:01:25,680 --> 00:01:28,240 Speaker 2: Is there an opportunity for all of us? Or is 28 00:01:28,280 --> 00:01:29,400 Speaker 2: there something to learn? 29 00:01:29,480 --> 00:01:32,480 Speaker 1: Tony Katz, Tony Kats today, Good to be with you. 30 00:01:32,600 --> 00:01:37,200 Speaker 1: Doctor Matt will joins us economist at the University of Indianapolis. 31 00:01:38,440 --> 00:01:42,200 Speaker 1: It's really fascinating that we see the Dow moving the 32 00:01:42,240 --> 00:01:45,559 Speaker 1: way it is and the Nasdaq getting punched in the throat. 33 00:01:45,640 --> 00:01:48,480 Speaker 1: And this is the second week in a row where 34 00:01:48,480 --> 00:01:51,360 Speaker 1: we're hearing about the world of chips and chip manufacturers, 35 00:01:51,360 --> 00:01:55,000 Speaker 1: whether we're talking about in Nvideo or AMD, Micron, et cetera, 36 00:01:55,560 --> 00:01:58,520 Speaker 1: all taking the hits, which is insane because all the 37 00:01:58,560 --> 00:02:00,920 Speaker 1: AI people need the chip in order to have the 38 00:02:01,000 --> 00:02:03,840 Speaker 1: data centers in order to push their AI, which is 39 00:02:03,880 --> 00:02:08,040 Speaker 1: getting so much money that Tesla and Google both posted 40 00:02:08,120 --> 00:02:11,320 Speaker 1: losses because all of their money is going into AI investment. 41 00:02:12,200 --> 00:02:14,240 Speaker 1: Walk us through a path, or down a path, or 42 00:02:14,280 --> 00:02:16,639 Speaker 1: through a garden. There are paths and there are gardens. 43 00:02:16,720 --> 00:02:20,640 Speaker 1: I have amazes. I don't know where we are, doctor Mattweil, economist, 44 00:02:20,760 --> 00:02:21,960 Speaker 1: What the hell are we looking at? 45 00:02:22,760 --> 00:02:25,040 Speaker 3: I am happy to explain it to everyone, and it's 46 00:02:25,120 --> 00:02:29,799 Speaker 3: not that complicated. There is no panic. Everyone should relax. 47 00:02:30,240 --> 00:02:32,880 Speaker 3: This is what we would typically call a sector rotation. 48 00:02:33,440 --> 00:02:37,160 Speaker 3: The market is trying to figure it out. AI is here, 49 00:02:37,600 --> 00:02:42,680 Speaker 3: it's producing efficiency, the economy is growing, chip stocks are 50 00:02:42,720 --> 00:02:46,919 Speaker 3: really good. AI is good. Is simply trying to figure 51 00:02:46,960 --> 00:02:49,920 Speaker 3: out the right price. The growth is going to be. 52 00:02:49,919 --> 00:02:53,120 Speaker 3: There is going to be this month, next month, next year, 53 00:02:53,560 --> 00:02:58,400 Speaker 3: five years. So the market is simply reevaluating in repricing 54 00:02:58,560 --> 00:03:02,160 Speaker 3: all this AI in tech news. That's not a problem. 55 00:03:02,400 --> 00:03:05,200 Speaker 3: It's so unknown. What we do know it's going to 56 00:03:05,240 --> 00:03:08,760 Speaker 3: be phenomenal. I mean, Meta this week they borrowed twelve 57 00:03:08,800 --> 00:03:11,480 Speaker 3: and a half billion dollars at a higher interest rate 58 00:03:11,560 --> 00:03:15,079 Speaker 3: to fund data centers. There's no stopping it. They're willing 59 00:03:15,120 --> 00:03:17,679 Speaker 3: to pay a very high interest rate to build more 60 00:03:17,760 --> 00:03:21,440 Speaker 3: data centers. So everything's okay here. You know, Apple stock 61 00:03:21,560 --> 00:03:24,480 Speaker 3: is up now. It's interesting. Apple is not an AI 62 00:03:24,600 --> 00:03:27,160 Speaker 3: R innovation company right now. Their stock is up because 63 00:03:27,200 --> 00:03:30,600 Speaker 3: of sales. Now we're gonna find out Thursday. Because Thursday, 64 00:03:30,880 --> 00:03:35,880 Speaker 3: both Amazon and Apple announce their earnings Wednesday. Meta and 65 00:03:36,000 --> 00:03:38,600 Speaker 3: Microsoft report are earnings. So we're gonna have a lot 66 00:03:38,600 --> 00:03:41,520 Speaker 3: of tech news this week. But everyone's this is fine. 67 00:03:41,560 --> 00:03:44,600 Speaker 3: This is trying to just figure it out. So the 68 00:03:44,680 --> 00:03:48,920 Speaker 3: figuring out is one thing. The figuring out while you 69 00:03:49,000 --> 00:03:52,240 Speaker 3: play with people's four oh one k's is another. And 70 00:03:52,320 --> 00:03:55,240 Speaker 3: the final aspect of this is. 71 00:03:55,200 --> 00:03:58,360 Speaker 1: That figuring out would be a lot easier if it 72 00:03:58,480 --> 00:04:02,560 Speaker 1: played a eight and mo part in understanding if things 73 00:04:02,600 --> 00:04:05,600 Speaker 1: flowed by a normal, normal rhythm. We take a look 74 00:04:05,600 --> 00:04:09,920 Speaker 1: at oil prices. For example, you're telling me three days 75 00:04:09,960 --> 00:04:12,880 Speaker 1: of not firing missiles can bring down oil prices twenty 76 00:04:12,960 --> 00:04:15,240 Speaker 1: dollars a barrel, and if we look at it, it wasn't 77 00:04:15,280 --> 00:04:17,400 Speaker 1: actually twenty dollars of bals twenty dollars from the high. 78 00:04:17,600 --> 00:04:20,480 Speaker 1: But things have already come down while we were firing missiles. 79 00:04:20,800 --> 00:04:24,239 Speaker 1: So what we see is not a question to panic. 80 00:04:24,480 --> 00:04:27,080 Speaker 1: It's a question of trying to comprehend what it is 81 00:04:27,120 --> 00:04:30,360 Speaker 1: that those who make the market are trying to say. 82 00:04:30,720 --> 00:04:33,200 Speaker 1: What is it that they look at? So let's move 83 00:04:33,240 --> 00:04:35,640 Speaker 1: over to oil for a second. What do you see 84 00:04:35,760 --> 00:04:39,400 Speaker 1: in this sector? What is it that you're seeing from 85 00:04:39,640 --> 00:04:40,640 Speaker 1: just the last. 86 00:04:40,360 --> 00:04:43,880 Speaker 3: Week well, you and I, because I think we're on 87 00:04:43,920 --> 00:04:45,919 Speaker 3: the same page on Iran. We're not going to like 88 00:04:45,920 --> 00:04:48,480 Speaker 3: what the market is saying. The market is saying stop 89 00:04:48,560 --> 00:04:51,200 Speaker 3: the war. They don't even care if Iran has a 90 00:04:51,240 --> 00:04:54,320 Speaker 3: nuclear missile. They don't care if Iran runs and controls 91 00:04:54,400 --> 00:04:57,479 Speaker 3: the Straits. The market doesn't care. The market doesn't want 92 00:04:57,520 --> 00:05:00,200 Speaker 3: the war. You and I want the regime gone. That's 93 00:05:00,240 --> 00:05:03,480 Speaker 3: not what the market wants. The market wants stability. They 94 00:05:03,520 --> 00:05:05,480 Speaker 3: don't want to keep looking to the White House and 95 00:05:05,520 --> 00:05:08,000 Speaker 3: looking to the Middle East to determine where the market 96 00:05:08,040 --> 00:05:11,000 Speaker 3: should go. So that's what the oil picture is. The 97 00:05:11,000 --> 00:05:14,520 Speaker 3: oil is simply a reaction to what's happening in politics. 98 00:05:14,560 --> 00:05:16,360 Speaker 3: And you've heard me say a million times I wish 99 00:05:16,360 --> 00:05:18,640 Speaker 3: politics would get out of the picture. But you mentioned 100 00:05:18,640 --> 00:05:21,000 Speaker 3: something a moment ago about watching your four h one 101 00:05:21,080 --> 00:05:23,640 Speaker 3: k go up and down. I have advice. This is 102 00:05:23,680 --> 00:05:26,120 Speaker 3: stock advice that we're never supposed to give to anybody. 103 00:05:26,800 --> 00:05:30,840 Speaker 3: Don't watch it. You should not be investing in individual 104 00:05:30,920 --> 00:05:34,120 Speaker 3: stocks as the average investor. Individual stock picking is a 105 00:05:34,160 --> 00:05:37,520 Speaker 3: tough game and people don't win at it. You should 106 00:05:37,560 --> 00:05:41,440 Speaker 3: be a well diversified portfolio, and markets go up, markets 107 00:05:41,480 --> 00:05:45,200 Speaker 3: go down, Just relax and let them move. That's what's 108 00:05:45,240 --> 00:05:47,279 Speaker 3: going on now. If you want to get into a 109 00:05:47,360 --> 00:05:50,120 Speaker 3: specific stock that I think is fascinating right now, and 110 00:05:50,160 --> 00:05:52,200 Speaker 3: that's going to be SpaceX and what's happening with them. 111 00:05:52,360 --> 00:05:55,320 Speaker 3: But as far as the market goes, relax everybody, it's 112 00:05:55,360 --> 00:05:59,320 Speaker 3: going to fluctuate, but long term it's going to do amazing. 113 00:05:59,800 --> 00:06:02,800 Speaker 1: I have got questions about SpaceX, and full disclosure, I 114 00:06:02,880 --> 00:06:06,560 Speaker 1: do not own SpaceX, but it has been a conversation 115 00:06:06,720 --> 00:06:10,359 Speaker 1: talking to doctor Matt Well, economist at the University of Indianapolis. 116 00:06:11,160 --> 00:06:13,200 Speaker 1: This sector rotation that you talk about as we go 117 00:06:13,279 --> 00:06:19,360 Speaker 1: back to the tech market, is this about? This isn't, 118 00:06:19,400 --> 00:06:21,720 Speaker 1: as you say, a rejection of AI. This is about 119 00:06:22,080 --> 00:06:26,159 Speaker 1: repricing of AI. And it is interesting that the chip 120 00:06:26,400 --> 00:06:28,880 Speaker 1: manufacturers are taking the hit. 121 00:06:29,040 --> 00:06:31,320 Speaker 2: So what do you mean by repricing. 122 00:06:32,520 --> 00:06:35,360 Speaker 3: Well, the market is simply what we call the present 123 00:06:35,440 --> 00:06:38,520 Speaker 3: value of future cash flows, and it's trying to forecast 124 00:06:38,600 --> 00:06:40,720 Speaker 3: future cash flows. But think about it, the future is 125 00:06:41,080 --> 00:06:44,680 Speaker 3: one year, five year, ten years one. In fact, I've 126 00:06:44,680 --> 00:06:46,839 Speaker 3: done a lot of research on this. One half of 127 00:06:46,920 --> 00:06:50,240 Speaker 3: one percent change in your growth forecast can change your 128 00:06:50,320 --> 00:06:54,320 Speaker 3: stock price today by twenty percent. So it's simply the 129 00:06:54,560 --> 00:06:57,680 Speaker 3: unknown of the future. We don't know when it's going 130 00:06:57,720 --> 00:07:01,080 Speaker 3: to be hugely profitable. No one disc agrees it's going 131 00:07:01,120 --> 00:07:04,920 Speaker 3: to be profitable. But the difficulty is when will it 132 00:07:04,920 --> 00:07:07,920 Speaker 3: become profitable? When will it produce all these returns. We're 133 00:07:07,960 --> 00:07:10,600 Speaker 3: seeing it now. We're seeing it right now. We see 134 00:07:10,600 --> 00:07:12,400 Speaker 3: a lot of these companies growing from it. I mean 135 00:07:12,800 --> 00:07:16,320 Speaker 3: you just look at things like, you know, Chili's. I mean, 136 00:07:16,600 --> 00:07:20,840 Speaker 3: Chili's is growing by phenomenal amounts. Coca Cola announced incredible 137 00:07:20,880 --> 00:07:24,200 Speaker 3: earnings this week. Everything is doing very well. It's just 138 00:07:24,760 --> 00:07:28,000 Speaker 3: how well it's going to grow it seven percent or 139 00:07:28,080 --> 00:07:31,840 Speaker 3: nine percent. That difference has a huge impact on the 140 00:07:31,920 --> 00:07:34,720 Speaker 3: value of your stock and the value of your portfolio. 141 00:07:34,840 --> 00:07:38,160 Speaker 3: So it's just it's just the unknown, Tony, that's really all. 142 00:07:38,200 --> 00:07:39,040 Speaker 2: What's going on here? 143 00:07:39,120 --> 00:07:41,440 Speaker 1: Where else is this happening? You know, if we take 144 00:07:41,440 --> 00:07:43,960 Speaker 1: a look at the tech sector, where else can you 145 00:07:44,000 --> 00:07:45,840 Speaker 1: point to out I'm pointing to you, for example, as 146 00:07:45,840 --> 00:07:48,160 Speaker 1: you brought up the chip stocks, the NVIDIAs of the world. 147 00:07:48,840 --> 00:07:52,480 Speaker 2: Where else within the tech sector is this this happening? 148 00:07:53,000 --> 00:07:56,559 Speaker 1: That there is rethink, there's a reallocation of dollars, there's 149 00:07:56,640 --> 00:08:00,520 Speaker 1: there's a different level of planning going on. Where else 150 00:08:00,560 --> 00:08:02,480 Speaker 1: can we point to in the tech sector to see this? 151 00:08:02,960 --> 00:08:05,480 Speaker 3: Well, first of all, I have a problem with the 152 00:08:05,480 --> 00:08:08,880 Speaker 3: tech sector. Everything is tech nowadays. What is in tech? 153 00:08:09,240 --> 00:08:11,400 Speaker 3: I mean you go through you know, you drive through 154 00:08:11,440 --> 00:08:13,920 Speaker 3: the fast food place. You're using your app to order 155 00:08:13,960 --> 00:08:15,760 Speaker 3: your food before you get to the fast food joint. 156 00:08:15,840 --> 00:08:17,960 Speaker 1: The food place is the food place. No one thinks 157 00:08:17,960 --> 00:08:19,840 Speaker 1: of McDonald's as a tech sector. 158 00:08:19,920 --> 00:08:22,200 Speaker 2: You know what, I try not to hurt me, sir. 159 00:08:22,440 --> 00:08:25,520 Speaker 1: I'm doing my best, and you don't make my life 160 00:08:25,520 --> 00:08:26,679 Speaker 1: difficult for a second. 161 00:08:27,040 --> 00:08:31,440 Speaker 3: Okay, let's merge tech with financial services, so fintech as 162 00:08:31,440 --> 00:08:34,360 Speaker 3: we call it. Yes, so Visa laid off twenty six 163 00:08:34,520 --> 00:08:38,000 Speaker 3: hundred people. Twenty six hundred people. They announce they're laid off, 164 00:08:38,000 --> 00:08:40,840 Speaker 3: and you're thinking, oh, this is a disaster. It's AI related, 165 00:08:41,280 --> 00:08:44,880 Speaker 3: it's AI efficiencies. And when we look at the unemployment report, 166 00:08:44,920 --> 00:08:50,520 Speaker 3: we see, oh, the unemployment report is absorbing this pretty well. 167 00:08:51,000 --> 00:08:53,760 Speaker 3: And then now let's flip the coin. So Visa lays 168 00:08:53,800 --> 00:08:56,760 Speaker 3: off twenty six hundred people. PayPal, which is in the 169 00:08:56,800 --> 00:08:59,160 Speaker 3: fintech business as well. I mean, they're the ultimate fin 170 00:08:59,240 --> 00:09:02,800 Speaker 3: tech company by the way another Elon Musk started company. 171 00:09:03,160 --> 00:09:06,000 Speaker 3: They're looking to buy someone. They're so successful. So the 172 00:09:06,040 --> 00:09:09,320 Speaker 3: fintech in PayPal says, I'm going to buy someone. The 173 00:09:09,360 --> 00:09:12,560 Speaker 3: fintech in Visa is saying, we're cutting jobs, but AI 174 00:09:12,640 --> 00:09:16,120 Speaker 3: is improving our business. So this tech is just touching 175 00:09:16,360 --> 00:09:20,000 Speaker 3: everywhere and it's disrupting. It's disrupting Visa, which is a 176 00:09:20,120 --> 00:09:23,800 Speaker 3: big dog in credit. It's disrupting PayPal, which was actually 177 00:09:23,840 --> 00:09:27,160 Speaker 3: pulling back. Now they're coming forward. I love this disruption. 178 00:09:27,240 --> 00:09:29,720 Speaker 3: The disruption is confusing people good. 179 00:09:30,960 --> 00:09:34,400 Speaker 1: Does the disruption lead to more problems on Midwest main 180 00:09:34,440 --> 00:09:38,160 Speaker 1: Street or is it really in its own world and 181 00:09:38,240 --> 00:09:42,080 Speaker 1: not connected to things that Midwest deals with. Main Street 182 00:09:42,120 --> 00:09:45,680 Speaker 1: deals with, like like tariffs and insurance pricing, etc. 183 00:09:46,640 --> 00:09:48,760 Speaker 3: Well, if people can stay off their social media and 184 00:09:48,760 --> 00:09:51,679 Speaker 3: their computer, then yeah, it's going to not affect them 185 00:09:51,720 --> 00:09:54,040 Speaker 3: as much. Because let's go back to the Chili's example. 186 00:09:54,040 --> 00:09:57,040 Speaker 3: You know, Chili's revenue is up twenty two percent over 187 00:09:57,080 --> 00:10:00,040 Speaker 3: two years. That's main Street people are going out to 188 00:10:00,080 --> 00:10:03,600 Speaker 3: eat at the local restaurant. That's a good thing that's 189 00:10:03,640 --> 00:10:06,320 Speaker 3: not being impacted by the disruption. You know, you and 190 00:10:06,320 --> 00:10:08,360 Speaker 3: I talk about this all the time. How is that 191 00:10:08,400 --> 00:10:10,120 Speaker 3: people are still going out to eat all the time 192 00:10:10,160 --> 00:10:13,120 Speaker 3: if they've got affordability issues. It's hard to get into 193 00:10:13,120 --> 00:10:15,920 Speaker 3: a restaurant in some places where we live. So I'm 194 00:10:16,080 --> 00:10:19,800 Speaker 3: kind of, you know, saying main street. Main Street's also 195 00:10:19,840 --> 00:10:23,480 Speaker 3: confused affordability is an issue. Yet they're still behaving like 196 00:10:23,520 --> 00:10:23,880 Speaker 3: it's not. 197 00:10:25,280 --> 00:10:28,920 Speaker 1: Talking to doctor Matt Will, economist at the University of Indianapolis. 198 00:10:29,440 --> 00:10:32,080 Speaker 1: Now let's move over to SpaceX. Full disclosure, I do 199 00:10:32,160 --> 00:10:34,440 Speaker 1: not own SpaceX. I think I've said this before. I 200 00:10:34,559 --> 00:10:36,880 Speaker 1: like to be very very clear. I thought about it 201 00:10:36,920 --> 00:10:39,760 Speaker 1: when it opened, I thought about it at that open price, 202 00:10:40,160 --> 00:10:43,120 Speaker 1: and every bit of good advice that I got. And remember, 203 00:10:43,160 --> 00:10:45,240 Speaker 1: I'm not a financial planner. Never listen to me about 204 00:10:45,280 --> 00:10:48,520 Speaker 1: your your market. Never listen to me about your investments. No, no, no, no, no. 205 00:10:49,280 --> 00:10:53,640 Speaker 1: Was These things usually pop and then fall, and that's 206 00:10:53,679 --> 00:10:55,840 Speaker 1: exactly what happened. We're talking about something a rose to 207 00:10:55,840 --> 00:10:59,000 Speaker 1: a little over two hundred and then fell to about 208 00:10:59,000 --> 00:11:02,400 Speaker 1: one hundred, and who knows where it's at right now, 209 00:11:02,440 --> 00:11:04,840 Speaker 1: and who knows what's of course going to happen. But 210 00:11:04,960 --> 00:11:06,679 Speaker 1: I had said, you know, this thing gets down to 211 00:11:06,679 --> 00:11:09,480 Speaker 1: one hundred and ten, I'm like, all right, maybe I'll 212 00:11:09,520 --> 00:11:12,520 Speaker 1: do that and I'll buy some shares. A full disclosure 213 00:11:12,559 --> 00:11:14,839 Speaker 1: as of this conversation right now, I have not yet. 214 00:11:15,240 --> 00:11:18,800 Speaker 2: I'm always very honest about these things. But rather. 215 00:11:20,360 --> 00:11:23,200 Speaker 1: The question about SpaceX, because nothing has had more hype 216 00:11:23,240 --> 00:11:25,400 Speaker 1: before it started because of Elon Musk, because we're talking 217 00:11:25,440 --> 00:11:30,240 Speaker 1: about space travel other technological advances. Is SpaceX a good 218 00:11:30,400 --> 00:11:35,040 Speaker 1: indicator for people regarding either market strength or market direction. 219 00:11:36,240 --> 00:11:38,320 Speaker 3: I don't think it's a good indicator of market strength 220 00:11:38,400 --> 00:11:40,760 Speaker 3: or direction, but I think it's a good indicator of 221 00:11:40,800 --> 00:11:43,480 Speaker 3: the tech sector we were just talking about. You know, 222 00:11:43,800 --> 00:11:46,920 Speaker 3: I always say, be well diversified, don't play individual stocks 223 00:11:46,960 --> 00:11:49,600 Speaker 3: because you're not an expert at valuing these things. Well, 224 00:11:49,720 --> 00:11:51,959 Speaker 3: let me tell you. I'm an expert at valuing these things. 225 00:11:52,280 --> 00:11:55,000 Speaker 3: And I will say right now what I told everyone 226 00:11:55,040 --> 00:11:57,120 Speaker 3: that I could get in touch with. If you had 227 00:11:57,120 --> 00:11:59,200 Speaker 3: a chance to get in on the IPO at one 228 00:11:59,240 --> 00:12:01,599 Speaker 3: hundred and thirty five, you should have done it. You 229 00:12:01,640 --> 00:12:03,960 Speaker 3: should have jumped in, and then you should bail within 230 00:12:04,000 --> 00:12:06,840 Speaker 3: the first forty eight hours. That's what the history shows. 231 00:12:07,080 --> 00:12:09,800 Speaker 3: And if you'd have done that, anybody out there, they'd 232 00:12:09,840 --> 00:12:11,720 Speaker 3: have got in at one thirty five, they'd have gotten 233 00:12:11,720 --> 00:12:14,160 Speaker 3: out at about one seventy and they'd have made quite 234 00:12:14,160 --> 00:12:17,079 Speaker 3: a bit of money. Now, where's it at now? Again, 235 00:12:17,160 --> 00:12:19,720 Speaker 3: if I were telling people how to invest in, if 236 00:12:19,720 --> 00:12:21,840 Speaker 3: they knew how to price stocks, and I'm guessing almost 237 00:12:21,880 --> 00:12:23,839 Speaker 3: nobody listening to your show is an expert at this 238 00:12:25,200 --> 00:12:29,839 Speaker 3: SpaceX right now, according to Bloomberg, consensus is undervalued. If 239 00:12:29,840 --> 00:12:31,360 Speaker 3: I look at the list. Now, look at the list 240 00:12:31,440 --> 00:12:34,520 Speaker 3: right now. Morgan Stanley projects they're going to be at 241 00:12:34,520 --> 00:12:38,040 Speaker 3: this is within a year at three hundred. RBC Capital 242 00:12:38,120 --> 00:12:41,800 Speaker 3: projects two twenty five. Raymond James, this is insane. They 243 00:12:41,840 --> 00:12:45,199 Speaker 3: project eight hundred. Even Goldman Sachs, the big dog in 244 00:12:45,240 --> 00:12:47,000 Speaker 3: the world, they project two five. 245 00:12:47,520 --> 00:12:49,800 Speaker 2: Raymond James predicts eight hundred. 246 00:12:50,880 --> 00:12:52,320 Speaker 3: I think that analyst should be fired. 247 00:12:52,480 --> 00:12:52,800 Speaker 2: I don't. 248 00:12:52,880 --> 00:12:56,199 Speaker 3: I don't go that far. But but then I heard 249 00:12:56,240 --> 00:12:59,960 Speaker 3: the interview. They believe, and I'm not opposed to this, 250 00:13:00,280 --> 00:13:04,599 Speaker 3: that SpaceX may be the most consequential company of our lifetime, 251 00:13:04,800 --> 00:13:08,440 Speaker 3: even more than Nvidia. This is a company that is 252 00:13:08,480 --> 00:13:12,360 Speaker 3: going out and saving people from the space station. They're 253 00:13:12,480 --> 00:13:16,000 Speaker 3: going to deliver people to Mars. They're the ones launching 254 00:13:16,120 --> 00:13:20,439 Speaker 3: all the satellites. This is hard to in fathom the 255 00:13:20,480 --> 00:13:22,840 Speaker 3: impact they're going to have. Now, Raymond James a little 256 00:13:22,840 --> 00:13:26,200 Speaker 3: bit over the top, but I can't disagree with the sentiment. 257 00:13:27,520 --> 00:13:28,480 Speaker 2: Yeah, you know, I. 258 00:13:28,520 --> 00:13:31,280 Speaker 1: Will tell you that I don't own in video stock 259 00:13:31,360 --> 00:13:33,080 Speaker 1: either in terms of assa a separate stock. 260 00:13:33,120 --> 00:13:35,280 Speaker 2: I don't believe I own it in any fund. Again 261 00:13:35,320 --> 00:13:35,959 Speaker 2: with the full. 262 00:13:35,760 --> 00:13:40,400 Speaker 1: Disclosure, but it's hard to think of something more tangibly 263 00:13:41,280 --> 00:13:45,600 Speaker 1: part of life and part of being changing in video 264 00:13:45,600 --> 00:13:47,880 Speaker 1: over SpaceX every day of the week and twice on Sunday. 265 00:13:48,000 --> 00:13:53,360 Speaker 1: So again it's playing to the future here. But does 266 00:13:53,440 --> 00:13:56,840 Speaker 1: this lead to us saying that people are so busy 267 00:13:57,800 --> 00:14:02,000 Speaker 1: looking for the quick fix, the quick dollar that the 268 00:14:02,160 --> 00:14:06,000 Speaker 1: days of just investing in the basics and getting your 269 00:14:06,280 --> 00:14:09,360 Speaker 1: your six eight nine percent return, which is all nice stuff, 270 00:14:09,720 --> 00:14:13,040 Speaker 1: that's over. It's it's it's about the flash. The flash 271 00:14:13,200 --> 00:14:16,080 Speaker 1: is necessary to drive the rest of the market. 272 00:14:17,040 --> 00:14:20,320 Speaker 3: No, no, no, We've always looked for the flash. We 273 00:14:20,360 --> 00:14:22,680 Speaker 3: always talk about the flash. If it bleeds, it leads, 274 00:14:22,680 --> 00:14:25,120 Speaker 3: if it flashes, we talk about it. We don't talk 275 00:14:25,120 --> 00:14:30,440 Speaker 3: about those boring things like grocery stores and restaurants and 276 00:14:30,480 --> 00:14:35,080 Speaker 3: making ballpoint pins and making you know, little aired things 277 00:14:35,160 --> 00:14:39,880 Speaker 3: and you know, writing devices. This is you know, I 278 00:14:39,920 --> 00:14:42,280 Speaker 3: can tell you one of the companies I invest in. 279 00:14:42,360 --> 00:14:46,120 Speaker 3: We own the largest maker of ballpoint pins in North America. 280 00:14:46,280 --> 00:14:47,440 Speaker 3: It's a great investment. 281 00:14:47,480 --> 00:14:48,640 Speaker 2: It is so boring. 282 00:14:49,240 --> 00:14:50,280 Speaker 3: It is so boring. 283 00:14:51,080 --> 00:14:53,600 Speaker 1: By the way, the UNI ball two oh seven bold 284 00:14:54,600 --> 00:14:57,880 Speaker 1: this is this is what I write with. I do 285 00:14:58,000 --> 00:15:00,680 Speaker 1: not own any part of the stock whatsoever. But it 286 00:15:00,800 --> 00:15:04,240 Speaker 1: is the greatest pen. Listen, we can play mom blancs 287 00:15:04,280 --> 00:15:06,080 Speaker 1: so we could do all the things I'm telling. 288 00:15:05,880 --> 00:15:10,120 Speaker 2: You just in a look. Clickie, clickie, this is it 289 00:15:10,360 --> 00:15:10,920 Speaker 2: right here. 290 00:15:13,200 --> 00:15:15,440 Speaker 1: I do know when we go back to SpaceX and 291 00:15:15,440 --> 00:15:17,560 Speaker 1: this story got reported and we were talking before we 292 00:15:17,640 --> 00:15:19,920 Speaker 1: came on and you brought it up. You take a 293 00:15:19,920 --> 00:15:22,800 Speaker 1: look at the members of Congress who've been buying SpaceX stock. 294 00:15:23,360 --> 00:15:23,680 Speaker 2: Do we? 295 00:15:24,240 --> 00:15:27,040 Speaker 1: I'm all about getting ending the insider trading stuff. I mean, 296 00:15:27,080 --> 00:15:30,800 Speaker 1: I am all there for it, are are we? Is 297 00:15:30,840 --> 00:15:35,360 Speaker 1: this an example of follow your congressional leaders? Or is 298 00:15:35,400 --> 00:15:38,160 Speaker 1: this an example of, man, you really shouldn't let these 299 00:15:38,160 --> 00:15:39,040 Speaker 1: people trade it all. 300 00:15:39,520 --> 00:15:41,880 Speaker 3: By the way, if you follow your congressional leaders, by 301 00:15:41,960 --> 00:15:44,960 Speaker 3: the time you hear about it, it's too late. Good point, 302 00:15:45,320 --> 00:15:49,320 Speaker 3: solid there, and here's what I love. Five of the 303 00:15:49,400 --> 00:15:52,400 Speaker 3: six people. Okay, these people that bought SpaceX, they didn't 304 00:15:52,400 --> 00:15:55,040 Speaker 3: buy it to our knowledge. We don't know for sure. 305 00:15:55,600 --> 00:15:57,360 Speaker 3: We don't think they got it at the IPO price. 306 00:15:57,400 --> 00:15:58,920 Speaker 3: It looks like they may have bought it during the 307 00:15:58,960 --> 00:16:02,120 Speaker 3: first week between June twelfth and eighteenth. Here's what I love. 308 00:16:02,480 --> 00:16:04,480 Speaker 3: If they bought it between the twelfth and the eighteenth. 309 00:16:04,480 --> 00:16:07,520 Speaker 3: Thing they own it today. They've lost money. Good, they 310 00:16:07,560 --> 00:16:10,080 Speaker 3: deserve to lose money for that. I'm happy to hear 311 00:16:10,120 --> 00:16:14,400 Speaker 3: that since five of the six of them oversee SpaceX contracts. 312 00:16:14,800 --> 00:16:21,160 Speaker 1: Good, they oversee SpaceX contracts five of the six, yes, yeah, 313 00:16:21,240 --> 00:16:25,160 Speaker 1: you see. You see this is this is what gets 314 00:16:25,200 --> 00:16:27,480 Speaker 1: people crazy. So I knew they had bought the stock. 315 00:16:27,600 --> 00:16:30,240 Speaker 1: I did not know you're talking about as members of 316 00:16:30,280 --> 00:16:31,920 Speaker 1: Congress overseeing contracts. 317 00:16:32,320 --> 00:16:35,840 Speaker 3: Well, okay, the reporting is that either the yes, I 318 00:16:35,880 --> 00:16:38,200 Speaker 3: mean because it's on their subcommittee or their committee. 319 00:16:38,560 --> 00:16:39,080 Speaker 2: Yeah. 320 00:16:39,120 --> 00:16:41,360 Speaker 3: But the funny part is we don't know exactly who 321 00:16:41,440 --> 00:16:44,520 Speaker 3: bought it because the reports are either them or members 322 00:16:44,600 --> 00:16:47,080 Speaker 3: of their immediate family. That's how it has to be reported. 323 00:16:47,240 --> 00:16:50,000 Speaker 3: From the Stock Act of twenty twelve. They're not banned 324 00:16:50,000 --> 00:16:53,240 Speaker 3: from buying it. That's actually something that's proposed this year 325 00:16:53,360 --> 00:16:56,840 Speaker 3: the Stop Trading Act, which isn't passed yet. All they 326 00:16:56,880 --> 00:16:58,920 Speaker 3: have to do is report it now. So yeah, if 327 00:16:58,920 --> 00:17:00,960 Speaker 3: they make money on inside trading, they just have to 328 00:17:01,000 --> 00:17:05,000 Speaker 3: tell us now. They can't do it on inside secret information. 329 00:17:06,040 --> 00:17:07,840 Speaker 3: That's against the law. We'll go ahead and prove that 330 00:17:07,880 --> 00:17:10,760 Speaker 3: they had secret inside information. They investigate themselves. 331 00:17:12,640 --> 00:17:18,320 Speaker 1: Doctor Matt Will coming out swinging economists, University of Indianapolis. 332 00:17:18,320 --> 00:17:20,200 Speaker 2: I appreciate you taking the time to be with us. 333 00:17:20,280 --> 00:17:22,200 Speaker 1: We've got more to get to keep it here, guys, 334 00:17:22,240 --> 00:17:25,159 Speaker 1: this is Tony Katz today. I think it's okay to 335 00:17:25,200 --> 00:17:29,200 Speaker 1: start taking bets on when John Fetterman leaves the Democratic Party. 336 00:17:29,240 --> 00:17:30,840 Speaker 2: Don't get me wrong, He's not a Republican. 337 00:17:30,880 --> 00:17:33,879 Speaker 1: I have said clearly that the Center from Pennsylvania is 338 00:17:33,960 --> 00:17:36,639 Speaker 1: not joining the Republican Party. There's just no way the 339 00:17:36,720 --> 00:17:40,320 Speaker 1: man is not a Republican. Tony Katz, Tony Katz today 340 00:17:40,320 --> 00:17:44,520 Speaker 1: a pleasure, guys. He's sure his bloody heck not a conservative, 341 00:17:45,320 --> 00:17:47,840 Speaker 1: but you hear talk like this. He was on CNBC 342 00:17:48,400 --> 00:17:51,600 Speaker 1: with Joe Kernan there on the show Squawkbox in the morning, 343 00:17:51,720 --> 00:17:54,840 Speaker 1: and what he says about the Democrat running for Senate 344 00:17:55,240 --> 00:17:59,760 Speaker 1: in Michigan. Abdul elsaid, I mean this is this is amazing. 345 00:18:00,240 --> 00:18:03,120 Speaker 4: Yeah, I mean I was never I never worked out 346 00:18:03,160 --> 00:18:07,240 Speaker 4: in a male modeling you know. Yeah, I mean, you know, 347 00:18:07,320 --> 00:18:11,119 Speaker 4: we could call me Senator Shrek whatever. But this guy 348 00:18:11,359 --> 00:18:15,760 Speaker 4: is really the Pontiac Platiner, and now he's really running 349 00:18:15,800 --> 00:18:19,720 Speaker 4: to be the head of our emerging pro Hamas wing 350 00:18:19,840 --> 00:18:20,919 Speaker 4: here in the party. 351 00:18:21,760 --> 00:18:29,680 Speaker 1: The Pontiac Platner, Pontiac Michigan. Holy mackerel. Oh yeah, someone 352 00:18:29,720 --> 00:18:30,520 Speaker 1: called him Shrek. 353 00:18:31,440 --> 00:18:32,040 Speaker 2: That's right. 354 00:18:32,200 --> 00:18:34,640 Speaker 1: He's like, Eh, my male modeling career didn't work out, 355 00:18:34,840 --> 00:18:38,480 Speaker 1: but this guy is still a problem. He is legit 356 00:18:38,920 --> 00:18:41,639 Speaker 1: unflappable on these things. No, don't get me wrong. I 357 00:18:41,640 --> 00:18:46,560 Speaker 1: still don't like the hoodies. I want suits, but all 358 00:18:46,600 --> 00:18:49,320 Speaker 1: the respect in the world. And yeah, El said, it 359 00:18:49,400 --> 00:18:52,440 Speaker 1: is not going well, and I only hope it continues 360 00:18:53,000 --> 00:18:56,359 Speaker 1: to not go well for this guy. Of course, he 361 00:18:56,480 --> 00:19:00,880 Speaker 1: is connected fully, completely totally with the Islamis, in every 362 00:19:00,920 --> 00:19:05,320 Speaker 1: single way connected with the Islamist It's undeniable. 363 00:19:05,680 --> 00:19:06,720 Speaker 2: There's a poll. 364 00:19:06,720 --> 00:19:11,639 Speaker 1: Data for Progress that has him up thirteen points. I 365 00:19:11,640 --> 00:19:16,080 Speaker 1: think Data for Progress is a Democrat leaning outfit, so 366 00:19:16,200 --> 00:19:18,920 Speaker 1: lord only knows how they paid for this I had 367 00:19:18,960 --> 00:19:22,399 Speaker 1: fifty four Stevens forty one. This is in the primary, 368 00:19:22,680 --> 00:19:24,960 Speaker 1: but he's running against Congresswoman Haley Stevens. 369 00:19:25,359 --> 00:19:27,640 Speaker 2: You've got the primary in a couple of days. We're 370 00:19:27,680 --> 00:19:28,320 Speaker 2: all going to be. 371 00:19:28,280 --> 00:19:35,879 Speaker 1: Watching the Pontiac Platinum. Bravo, Truly, John Fetterman, well played. 372 00:19:36,280 --> 00:19:46,439 Speaker 1: This is Tony Katz today. Last week I made a 373 00:19:46,560 --> 00:19:51,840 Speaker 1: very basic statement, Sophie Cunningham, Indiana fever WNBA should not 374 00:19:51,880 --> 00:19:56,680 Speaker 1: be put on a pedestal. Sophie Cunningham, Indiana fever WNBA 375 00:19:56,920 --> 00:20:01,600 Speaker 1: should not be vilified. She said something normal. Boys are 376 00:20:01,640 --> 00:20:03,840 Speaker 1: not girls. Girls are not boys, and girls should be 377 00:20:03,880 --> 00:20:08,120 Speaker 1: protected in sports. It is the most normal, basic thing 378 00:20:08,480 --> 00:20:12,240 Speaker 1: one could say, ranking up there with nice weather we're 379 00:20:12,280 --> 00:20:14,560 Speaker 1: having and hey have you lost weight? 380 00:20:14,960 --> 00:20:17,440 Speaker 2: These are basic, normal things. 381 00:20:18,680 --> 00:20:26,960 Speaker 1: There's nothing spectacular or interesting or brave about it. Normal, normal, normal, 382 00:20:27,080 --> 00:20:30,440 Speaker 1: Tony Kats Tony Kats today, good to be here, good 383 00:20:30,520 --> 00:20:31,640 Speaker 1: to be with you. 384 00:20:33,359 --> 00:20:37,520 Speaker 2: But somehow everybody is decided. 385 00:20:38,960 --> 00:20:42,600 Speaker 1: That it needs to be dissected, it needs to be 386 00:20:42,720 --> 00:20:45,879 Speaker 1: ripped apart. She needs to be attacked for it, she 387 00:20:46,080 --> 00:20:48,600 Speaker 1: needs to be treated like a god for it. That's 388 00:20:48,640 --> 00:20:51,040 Speaker 1: what the White House did. The White House, like we 389 00:20:51,200 --> 00:20:56,640 Speaker 1: support Sophie Cunningham's comments, Why what are you doing? Why 390 00:20:56,680 --> 00:21:00,359 Speaker 1: are you putting her in that position? A look at 391 00:21:00,359 --> 00:21:08,560 Speaker 1: these Republicans senators supporting Sophie Cunningham, Why what are you doing? 392 00:21:09,280 --> 00:21:13,320 Speaker 1: She said something normal and really not only is it normal, 393 00:21:13,359 --> 00:21:15,520 Speaker 1: like it should be such a no brainer thing to 394 00:21:15,600 --> 00:21:17,959 Speaker 1: say boys are not girls and boys and not being 395 00:21:17,960 --> 00:21:22,360 Speaker 1: girls sports. It's such a basic truism that it shouldn't 396 00:21:22,400 --> 00:21:23,840 Speaker 1: require any other talk. 397 00:21:24,400 --> 00:21:26,720 Speaker 2: And I didn't want this for Sophie Cunningham. I didn't. 398 00:21:26,720 --> 00:21:28,320 Speaker 1: I didn't want her to have to deal with the 399 00:21:28,560 --> 00:21:32,200 Speaker 1: with the nonsense. But you take a look at the articles. 400 00:21:32,760 --> 00:21:36,199 Speaker 1: Sophie Cunningham inspires high school athletes to speak out on 401 00:21:36,240 --> 00:21:40,280 Speaker 1: fairness and women's sports. With all due respect to Sophie Cunningham, 402 00:21:40,640 --> 00:21:45,359 Speaker 1: you already had track athletes girls in Connecticut speaking out 403 00:21:45,640 --> 00:21:46,360 Speaker 1: and suing. 404 00:21:46,640 --> 00:21:49,119 Speaker 2: You already had people speaking. 405 00:21:48,720 --> 00:21:52,720 Speaker 1: Out all across the country. She's inspiring people. Well, I 406 00:21:52,720 --> 00:21:54,960 Speaker 1: don't know, maybe that's maybe that's a good thing. Maybe 407 00:21:55,000 --> 00:21:58,639 Speaker 1: it shouldn't be knocking that, But it seems to me 408 00:21:58,680 --> 00:22:00,560 Speaker 1: that this is Fox News, is they They had the 409 00:22:00,560 --> 00:22:01,400 Speaker 1: headline just. 410 00:22:03,280 --> 00:22:05,959 Speaker 2: Trying to grab onto something. 411 00:22:06,880 --> 00:22:10,760 Speaker 1: Then you have this headline Sophie Cunningham and West Wilson 412 00:22:10,800 --> 00:22:15,240 Speaker 1: split on transgender athletes and girls' sports despite podcast partnership. 413 00:22:15,760 --> 00:22:18,320 Speaker 2: I didn't know who really West Wilson was. I didn't 414 00:22:18,320 --> 00:22:20,040 Speaker 2: realize he was the guy who does the partnership. 415 00:22:20,400 --> 00:22:24,040 Speaker 1: Also, there's no such thing as when we talk about 416 00:22:24,040 --> 00:22:28,480 Speaker 1: transgender athletes. You're talking about men and women sports. So 417 00:22:28,640 --> 00:22:33,480 Speaker 1: just say those words again. Normal is the thing here, 418 00:22:33,520 --> 00:22:35,760 Speaker 1: and people have been pushing back on me for utilizing 419 00:22:35,760 --> 00:22:39,960 Speaker 1: the word normal. If you are a boy and you 420 00:22:40,000 --> 00:22:41,600 Speaker 1: think you're a girl, if you're a man you think 421 00:22:41,600 --> 00:22:44,360 Speaker 1: you're a woman, or vice versa, that is not normal. 422 00:22:44,880 --> 00:22:47,000 Speaker 1: That is a thing, that is something that you need 423 00:22:47,040 --> 00:22:48,800 Speaker 1: to work on, help to get. 424 00:22:49,119 --> 00:22:51,760 Speaker 2: I don't have any anger. I'm not angry with you. 425 00:22:51,760 --> 00:22:53,159 Speaker 2: I don't think you should be vilified. I don't think 426 00:22:53,160 --> 00:22:53,920 Speaker 2: you should be attacked. 427 00:22:54,000 --> 00:22:56,120 Speaker 1: I have a long record of this conversation, by the way, 428 00:22:56,359 --> 00:22:59,359 Speaker 1: but you clearly need help. I'm not gonna buy into it. 429 00:22:59,359 --> 00:23:02,840 Speaker 1: I'm not gonna play into it. It's not normal and 430 00:23:02,920 --> 00:23:06,960 Speaker 1: you should get some help. It is not okay to 431 00:23:07,080 --> 00:23:09,200 Speaker 1: think if you are a man you are a woman. 432 00:23:09,359 --> 00:23:11,399 Speaker 1: It is not okay to think you know what I 433 00:23:11,440 --> 00:23:14,480 Speaker 1: can do. I can simply remove my genitals and that'll 434 00:23:14,480 --> 00:23:15,440 Speaker 1: make everything better. 435 00:23:15,560 --> 00:23:17,640 Speaker 2: That's not a normal thing to do. It's not. 436 00:23:19,160 --> 00:23:21,159 Speaker 1: And that's why when I take a look at Minnesota 437 00:23:21,840 --> 00:23:24,920 Speaker 1: and they've alllwd, the University of Minnesota has created these dolls. 438 00:23:25,040 --> 00:23:28,280 Speaker 1: It's help four year olds understand gender. A four year 439 00:23:28,280 --> 00:23:31,640 Speaker 1: old is now led to believe that you can remove 440 00:23:31,760 --> 00:23:36,600 Speaker 1: your genitals and it's normal. You know what they haven't 441 00:23:36,640 --> 00:23:39,320 Speaker 1: discussed when the four year old gets this doll in 442 00:23:39,359 --> 00:23:41,680 Speaker 1: the genitals or you can move them like it's a 443 00:23:41,720 --> 00:23:45,919 Speaker 1: mister potato head and they decide, you know what, gonna 444 00:23:46,040 --> 00:23:49,080 Speaker 1: remove my own genitals. Now you say to me, Tony, 445 00:23:49,119 --> 00:23:50,760 Speaker 1: that will never happen. That never happened from a mister 446 00:23:50,800 --> 00:23:54,399 Speaker 1: potato head. Well that was also a giants potato and 447 00:23:54,440 --> 00:23:58,159 Speaker 1: they didn't think of themselves as a potato. But this 448 00:23:58,200 --> 00:24:01,439 Speaker 1: is a doll of a person and I'm hoping it 449 00:24:01,480 --> 00:24:04,880 Speaker 1: never happens, and I will not be surprised the day 450 00:24:04,920 --> 00:24:07,359 Speaker 1: that it does. But if you want to talk about 451 00:24:07,400 --> 00:24:11,639 Speaker 1: confusing children and the goal being to mutilate those children, 452 00:24:11,680 --> 00:24:14,160 Speaker 1: because I think the people who mutilate the children, actually 453 00:24:14,600 --> 00:24:18,120 Speaker 1: they get off on it. That is my take. They 454 00:24:18,160 --> 00:24:21,680 Speaker 1: have got their own twisted sickness. They have their own 455 00:24:21,680 --> 00:24:24,120 Speaker 1: mental illness. The problem is they want to be able 456 00:24:24,119 --> 00:24:26,679 Speaker 1: to abuse others with their mental illness. And man, you 457 00:24:26,680 --> 00:24:29,880 Speaker 1: should go to jail for that. But a boy thinks 458 00:24:29,880 --> 00:24:30,520 Speaker 1: he's a girl. 459 00:24:30,320 --> 00:24:32,760 Speaker 2: Who has a mental illness and something we can help with. 460 00:24:34,640 --> 00:24:36,120 Speaker 2: It is something we can help with. 461 00:24:36,400 --> 00:24:40,080 Speaker 1: And I do always say I do talk about children. 462 00:24:40,600 --> 00:24:43,359 Speaker 1: I rarely talk about adults. I simply say that a 463 00:24:43,359 --> 00:24:45,560 Speaker 1: man can't say they're a woman in competing in women's sports. No, 464 00:24:45,760 --> 00:24:49,320 Speaker 1: the answer is no, you made a decision and that 465 00:24:49,400 --> 00:24:52,040 Speaker 1: decision is based on mental illness. And I'm talking about 466 00:24:52,040 --> 00:24:56,080 Speaker 1: the American Psychiatric Association, I'm talking about the diagnostic Manual. 467 00:24:55,840 --> 00:24:56,760 Speaker 2: The DSM five. 468 00:24:57,440 --> 00:25:00,400 Speaker 1: It's written right there, gender dysphoria on the not making 469 00:25:00,440 --> 00:25:01,040 Speaker 1: anything up. 470 00:25:02,000 --> 00:25:03,880 Speaker 2: But your decisions do not get to. 471 00:25:03,800 --> 00:25:07,520 Speaker 1: Play on other people's decisions, which is where I consistently 472 00:25:07,560 --> 00:25:09,480 Speaker 1: come down on this. You don't get to do that. 473 00:25:10,080 --> 00:25:12,000 Speaker 1: You made a decision so other people have to change 474 00:25:12,000 --> 00:25:12,440 Speaker 1: their lives. 475 00:25:12,480 --> 00:25:16,880 Speaker 2: Screw off. That is just wrong, And it's wrong. 476 00:25:18,240 --> 00:25:25,040 Speaker 1: Wrong to take Sophie Cunningham here and rip her asunder 477 00:25:25,760 --> 00:25:26,960 Speaker 1: on all these issues. 478 00:25:28,440 --> 00:25:32,760 Speaker 2: But that's what we're seeing people doing. 479 00:25:32,600 --> 00:25:34,560 Speaker 1: Exactly what I didn't want to have happened with every 480 00:25:34,600 --> 00:25:38,680 Speaker 1: Cunningham taking her comments and saying, how do I use 481 00:25:38,720 --> 00:25:43,960 Speaker 1: these for my purpose, for my advantage. And so there's 482 00:25:44,040 --> 00:25:47,720 Speaker 1: this two statements where she said, quote, I got a 483 00:25:47,720 --> 00:25:49,879 Speaker 1: lot of negative feedback about me hitting trans and I'm like, 484 00:25:49,920 --> 00:25:52,280 Speaker 1: I never once said that. I think that I'm here 485 00:25:52,280 --> 00:25:54,480 Speaker 1: to extend love, but I also think what that love 486 00:25:54,560 --> 00:25:56,720 Speaker 1: is truth, being honest, and I want to protect young 487 00:25:56,720 --> 00:25:58,600 Speaker 1: girls in a locker room or young girls in sport 488 00:25:58,680 --> 00:26:01,119 Speaker 1: who shouldn't have to go against iological men. Right, So 489 00:26:01,200 --> 00:26:04,840 Speaker 1: that was the comment that had some people going after 490 00:26:04,960 --> 00:26:07,800 Speaker 1: and then she said, I said what I said. I 491 00:26:07,800 --> 00:26:10,440 Speaker 1: think it's kind of common sense, and I think I'll 492 00:26:10,440 --> 00:26:12,840 Speaker 1: always believe in that. I think it's really important to 493 00:26:12,840 --> 00:26:15,520 Speaker 1: protect children and that little girls who are also involved 494 00:26:15,520 --> 00:26:17,960 Speaker 1: in that category. And so I'll stand on what I 495 00:26:18,040 --> 00:26:22,320 Speaker 1: said and I'll always believe that. And I caught this 496 00:26:22,480 --> 00:26:25,439 Speaker 1: a story just some of the responses on zero hedge 497 00:26:25,680 --> 00:26:29,240 Speaker 1: good site zero hedge dot com, and he writes rule 498 00:26:29,320 --> 00:26:32,600 Speaker 1: number one when dealing with the political left, never apologize 499 00:26:32,640 --> 00:26:35,359 Speaker 1: to the political left. It won't shut them up. They 500 00:26:35,359 --> 00:26:37,959 Speaker 1: will smell blood in the water and attack even more aggressively. 501 00:26:38,359 --> 00:26:40,280 Speaker 1: Cunningham seems to understand this rule. 502 00:26:40,320 --> 00:26:40,560 Speaker 2: Well. 503 00:26:41,760 --> 00:26:43,959 Speaker 1: Now, I do not know as she does or she doesn't. 504 00:26:44,760 --> 00:26:48,800 Speaker 1: But that was a very very astute point and worthy 505 00:26:48,840 --> 00:26:55,359 Speaker 1: of noting because we can apply this everywhere. Never ever 506 00:26:55,640 --> 00:27:01,760 Speaker 1: apologize for being normal and saying normal things and kind 507 00:27:01,760 --> 00:27:07,440 Speaker 1: of demanding that we support normal stuff. We don't utilate children. 508 00:27:08,160 --> 00:27:11,000 Speaker 1: I don't have to apologize to the person screaming if 509 00:27:11,000 --> 00:27:14,200 Speaker 1: you don't allow them to change their gender by mutilating them, 510 00:27:14,400 --> 00:27:17,199 Speaker 1: they'll kill themselves, they'll harm themselves. I don't have to 511 00:27:17,240 --> 00:27:23,120 Speaker 1: apologize for my knowledge that that is wrong your gender 512 00:27:23,359 --> 00:27:24,920 Speaker 1: and not being able to do this. Not being able 513 00:27:24,960 --> 00:27:27,120 Speaker 1: to do that has nothing to do with happiness. Happiness 514 00:27:27,119 --> 00:27:30,600 Speaker 1: comes from inside. It doesn't come from the other things. 515 00:27:32,000 --> 00:27:35,280 Speaker 1: It doesn't. Oh sure, there's somebody who's had a nose 516 00:27:35,359 --> 00:27:36,919 Speaker 1: job in their life and been like, you know what, 517 00:27:37,240 --> 00:27:39,560 Speaker 1: this is so much better. I am so much happier 518 00:27:39,600 --> 00:27:43,000 Speaker 1: I did this. It wasn't changing who they were fundamentally 519 00:27:43,000 --> 00:27:46,720 Speaker 1: as a person. It wasn't lying about who they are, 520 00:27:46,840 --> 00:27:50,200 Speaker 1: and it wasn't demanding that other people lie. You want 521 00:27:50,280 --> 00:27:58,280 Speaker 1: everybody to play into somebody else's fantasy. That's that is 522 00:27:58,600 --> 00:28:02,000 Speaker 1: very ugly. That is very very violent, violent stuff. I'm 523 00:28:02,040 --> 00:28:03,960 Speaker 1: not going to apologize for saying no, I want no 524 00:28:04,040 --> 00:28:07,639 Speaker 1: part of that. I'm not going to apologize for saying sorry, 525 00:28:07,680 --> 00:28:09,440 Speaker 1: I'm not playing the gender game with you. 526 00:28:09,520 --> 00:28:12,400 Speaker 2: No no, no no no no no no no. 527 00:28:11,760 --> 00:28:14,280 Speaker 1: Not doing it, not having any part of it. The 528 00:28:14,400 --> 00:28:19,000 Speaker 1: answer is no, you don't apologize. Am I going to 529 00:28:19,040 --> 00:28:22,399 Speaker 1: apologize for noting that Islam needs to go through a 530 00:28:22,440 --> 00:28:25,760 Speaker 1: reformation and Muslims need to lead this charge. 531 00:28:26,040 --> 00:28:26,720 Speaker 2: And when you. 532 00:28:26,640 --> 00:28:30,639 Speaker 1: See Muslims stabbing people in Paris, running people over in Berlin, 533 00:28:31,080 --> 00:28:34,120 Speaker 1: why aren't they speaking up by the hundreds of thousands 534 00:28:34,119 --> 00:28:42,800 Speaker 1: to say this is wrong? Silence, total silence, absolute silence. 535 00:28:44,760 --> 00:28:46,600 Speaker 2: Where is the statement to say this is wrong? 536 00:28:46,800 --> 00:28:49,160 Speaker 1: And when some people have said, this is simply not 537 00:28:49,400 --> 00:28:51,600 Speaker 1: a religion, This is a political system and it is 538 00:28:51,640 --> 00:28:55,560 Speaker 1: abusive and oppressive. Ion here cle lives every day of 539 00:28:55,560 --> 00:28:59,600 Speaker 1: her life under threat. Who's the guy who wrote the 540 00:28:59,640 --> 00:29:05,239 Speaker 1: say tag versus? I can picture him? Who's the guy 541 00:29:05,280 --> 00:29:10,200 Speaker 1: who wrote the Satanic verses? Why can't I remember his name? 542 00:29:11,000 --> 00:29:14,680 Speaker 1: Solomon Rushdi? I could picture the dude and I could. 543 00:29:14,560 --> 00:29:15,560 Speaker 2: Not remember his name. 544 00:29:15,640 --> 00:29:19,840 Speaker 1: That I went full Joe Biden right there. Good Lord, 545 00:29:20,840 --> 00:29:24,920 Speaker 1: did you know, by the way, that Solomon Rushdi was 546 00:29:24,960 --> 00:29:32,960 Speaker 1: married to Padmula Lakshmi. That is very impressive. Impressive, very 547 00:29:33,120 --> 00:29:40,240 Speaker 1: very very impressive, pad Malakshmi, that's a brab vissimo. Well 548 00:29:40,280 --> 00:29:45,480 Speaker 1: done and well played. Right there, Salomon Rushdi. That guy 549 00:29:46,680 --> 00:29:50,920 Speaker 1: lives under threat. It happens time and again and again 550 00:29:51,040 --> 00:29:55,080 Speaker 1: and again. Are we not supposed to notice that when 551 00:29:55,120 --> 00:29:58,200 Speaker 1: a guy goes about stabbing only women and then when 552 00:29:58,280 --> 00:30:01,360 Speaker 1: confronted and brought to the ground, the knives are moved 553 00:30:01,360 --> 00:30:01,760 Speaker 1: from him. 554 00:30:02,120 --> 00:30:06,080 Speaker 2: Well, Allah commands me to that. That's a problem. 555 00:30:07,240 --> 00:30:09,200 Speaker 1: That is not something we have to accept that when 556 00:30:09,240 --> 00:30:11,640 Speaker 1: people say to me, oh, you're justin islamophobe, Now, I'm 557 00:30:11,640 --> 00:30:12,880 Speaker 1: not paying attention to that. 558 00:30:13,560 --> 00:30:17,200 Speaker 2: We're not gonna have that. We've got an. 559 00:30:17,080 --> 00:30:21,640 Speaker 1: Issue and normal people know you don't go around stabbing women. 560 00:30:22,360 --> 00:30:25,160 Speaker 1: And if your religion commands you to, your religion's a 561 00:30:25,200 --> 00:30:26,040 Speaker 1: real problem. 562 00:30:26,400 --> 00:30:26,600 Speaker 2: Now. 563 00:30:26,600 --> 00:30:29,000 Speaker 1: The real problem here is that Islam is not a religion. 564 00:30:29,160 --> 00:30:31,720 Speaker 1: Don't get upset with me. I can quote emams who 565 00:30:31,840 --> 00:30:36,440 Speaker 1: say that it is a political system that covers every 566 00:30:36,520 --> 00:30:38,920 Speaker 1: aspect of life, and they don't believe that we should 567 00:30:38,920 --> 00:30:41,600 Speaker 1: have a constitution they don't believe in Western civilization everything 568 00:30:41,600 --> 00:30:45,720 Speaker 1: should be run by the Shariah. That's them, And people 569 00:30:45,720 --> 00:30:48,280 Speaker 1: get upset with me for noticing I can't worry about 570 00:30:48,320 --> 00:30:52,920 Speaker 1: those things. The reformation has to come from inside the house. 571 00:30:54,160 --> 00:30:58,520 Speaker 1: They have to make the changes, and we sure as 572 00:30:58,520 --> 00:31:01,280 Speaker 1: hell aren't going to get abused their lack of changes. 573 00:31:01,520 --> 00:31:03,760 Speaker 1: We're gonna say that's not right. We're gonna say that's 574 00:31:03,760 --> 00:31:06,560 Speaker 1: an issue. We're going to say no to that, to 575 00:31:06,680 --> 00:31:12,400 Speaker 1: this not normal behavior. And the not normal behavior isn't 576 00:31:12,560 --> 00:31:15,240 Speaker 1: you living your life according to some code that I 577 00:31:15,320 --> 00:31:18,600 Speaker 1: may disagree with. It's that you thinking I should have 578 00:31:18,680 --> 00:31:20,680 Speaker 1: to live my life by your code and I don't 579 00:31:20,680 --> 00:31:24,040 Speaker 1: agree with it, and you think you can physically assault me, 580 00:31:24,280 --> 00:31:29,880 Speaker 1: army stab our women, and that somehow will give in. No, 581 00:31:31,400 --> 00:31:38,160 Speaker 1: it's the same argument. It's the same argument that I 582 00:31:38,200 --> 00:31:38,920 Speaker 1: give to these. 583 00:31:38,800 --> 00:31:40,440 Speaker 2: People who want to abuse children. 584 00:31:42,200 --> 00:31:45,760 Speaker 1: And to the point over there of the website zero 585 00:31:45,840 --> 00:31:52,680 Speaker 1: hedge dot com and Sophie Cunningham, Yes, never apologize, never, never, never, 586 00:31:53,280 --> 00:31:55,440 Speaker 1: never apologize. 587 00:31:55,520 --> 00:31:58,880 Speaker 2: You don't have to apologize for being normal. You don't 588 00:31:58,880 --> 00:32:03,720 Speaker 2: have to apologize for stating quite clearly, these are not 589 00:32:03,840 --> 00:32:04,440 Speaker 2: things we do. 590 00:32:05,240 --> 00:32:06,920 Speaker 1: And someone's gonna say, and oh, so, Tony, you don't 591 00:32:06,920 --> 00:32:09,720 Speaker 1: think Muslims are normal. I didn't say that. I think 592 00:32:09,760 --> 00:32:11,479 Speaker 1: if you live by a code that says you can 593 00:32:11,560 --> 00:32:14,640 Speaker 1: stab women in public, and you could then say your 594 00:32:14,720 --> 00:32:18,520 Speaker 1: God commanded you to, Yeah, that's not normal. We should 595 00:32:18,560 --> 00:32:21,000 Speaker 1: say so that's not normal. We don't put up with that. 596 00:32:21,240 --> 00:32:25,560 Speaker 1: We push back on that, and whatever it takes, Kitton, society. 597 00:32:25,000 --> 00:32:27,120 Speaker 2: Has to push back on that as. 598 00:32:26,920 --> 00:32:29,920 Speaker 1: A whole and end that nonsense, just like we have 599 00:32:30,000 --> 00:32:32,800 Speaker 1: to end the nonsense of people thinking they can mutilate children, 600 00:32:33,320 --> 00:32:38,200 Speaker 1: which is why I favor taking the doctors you mutilate 601 00:32:38,280 --> 00:32:42,760 Speaker 1: children and removing their licenses. No, we don't do this. 602 00:32:43,080 --> 00:32:48,640 Speaker 1: You don't get to practice medicine anymore. Absolutely not. Some 603 00:32:48,840 --> 00:32:52,080 Speaker 1: doctor over prescribes a pain pill under the in the 604 00:32:52,120 --> 00:32:55,240 Speaker 1: eyes of the dea, they get persecuted every which way 605 00:32:55,240 --> 00:32:57,880 Speaker 1: from Sunday and very often they lose their ability to 606 00:32:57,920 --> 00:33:02,000 Speaker 1: make a living. Somebody mutilates children, lies to parents, and 607 00:33:02,040 --> 00:33:05,680 Speaker 1: we should what give them another shot? Nah, you go 608 00:33:05,840 --> 00:33:09,120 Speaker 1: do something else with your life. We don't do that here. 609 00:33:10,200 --> 00:33:10,960 Speaker 1: We're normal. 610 00:33:12,640 --> 00:33:12,800 Speaker 2: Now. 611 00:33:12,880 --> 00:33:15,600 Speaker 1: One could argue that there are a lot of things 612 00:33:15,600 --> 00:33:22,680 Speaker 1: that happen within religion that aren't normal your religion, my religion, others' religions. This, 613 00:33:23,120 --> 00:33:25,840 Speaker 1: by the way, was the entire thesis of Christopher Hitchins, 614 00:33:26,400 --> 00:33:28,560 Speaker 1: with this concept of God is not great, is that 615 00:33:28,600 --> 00:33:33,080 Speaker 1: religion makes otherwise good people do absolutely terrible things. And 616 00:33:33,120 --> 00:33:34,920 Speaker 1: he would talk about things throughout history and need to 617 00:33:35,000 --> 00:33:37,280 Speaker 1: talk about customs and things like that. And I've always 618 00:33:37,280 --> 00:33:39,000 Speaker 1: said about Christopher Hitchins. 619 00:33:38,720 --> 00:33:40,280 Speaker 2: I don't know if he's right, but he's not wrong. 620 00:33:41,400 --> 00:33:43,560 Speaker 1: And certainly there is a grappling and a wrestling that 621 00:33:43,600 --> 00:33:46,680 Speaker 1: can be done and should be done. But if we 622 00:33:46,720 --> 00:33:49,840 Speaker 1: can't clearly say you don't mutilate children, I don't know 623 00:33:49,840 --> 00:33:51,600 Speaker 1: what we're supposed to say. We can't say you don't 624 00:33:51,600 --> 00:33:55,440 Speaker 1: get to stab women, don't stab women. Oh you think 625 00:33:55,480 --> 00:33:57,160 Speaker 1: you can stab women? We don't say we don't do 626 00:33:57,240 --> 00:34:01,040 Speaker 1: that here, Well, then we're lost. We're broken. I can't 627 00:34:01,080 --> 00:34:03,640 Speaker 1: solve every problem, but my gosh, we can solve some 628 00:34:03,720 --> 00:34:08,080 Speaker 1: of them. And it starts by certainly not apologizing, and 629 00:34:08,120 --> 00:34:10,560 Speaker 1: it starts by saying, yeah, that's the normal position. 630 00:34:11,440 --> 00:34:12,960 Speaker 2: That's the base position. 631 00:34:12,960 --> 00:34:14,440 Speaker 1: You know, I call it normally, you'll call it base, 632 00:34:14,640 --> 00:34:17,240 Speaker 1: you call it the starting point position. That's the starting 633 00:34:17,239 --> 00:34:21,960 Speaker 1: point position, and these other people they're in some far 634 00:34:22,080 --> 00:34:26,239 Speaker 1: off world. They're the issue. They're the problem, not you 635 00:34:26,640 --> 00:34:31,440 Speaker 1: for starting off with the base position. Don't ever apologize 636 00:34:31,480 --> 00:34:35,360 Speaker 1: for that. This is Tony Katz today. Next steps with Iran. 637 00:34:35,600 --> 00:34:40,160 Speaker 1: I have absolutely no idea, and I have to assume 638 00:34:41,200 --> 00:34:44,400 Speaker 1: that when the President says we're trying to talk and 639 00:34:45,640 --> 00:34:48,480 Speaker 1: if we have to hit them back harder. What I've 640 00:34:48,560 --> 00:34:51,160 Speaker 1: learned is that he is at least willing to hit them. 641 00:34:51,600 --> 00:34:54,600 Speaker 1: But the idea that there's any talking and we're working 642 00:34:54,640 --> 00:34:57,600 Speaker 1: on a deal, there's no deal to be made. Trump 643 00:34:57,640 --> 00:35:01,640 Speaker 1: has shown me that he'll punch them. He has also 644 00:35:01,760 --> 00:35:04,880 Speaker 1: shown me that he seems to have an issue with 645 00:35:05,040 --> 00:35:08,200 Speaker 1: throwing the finishing punch. And I don't know why that is. 646 00:35:08,400 --> 00:35:12,280 Speaker 1: Maybe indeed it is because we don't have the weaponry 647 00:35:12,280 --> 00:35:15,080 Speaker 1: to do the finishing punch. Maybe it's because to do 648 00:35:15,160 --> 00:35:18,799 Speaker 1: the finishing punch you actually have to do more than 649 00:35:18,960 --> 00:35:19,799 Speaker 1: just drop the bomb. 650 00:35:19,880 --> 00:35:21,040 Speaker 2: You have to do something else. 651 00:35:21,840 --> 00:35:24,319 Speaker 1: Well, that will go back to this conversation we've been 652 00:35:24,360 --> 00:35:29,640 Speaker 1: having about whether or not this is about siege. Can 653 00:35:29,719 --> 00:35:33,280 Speaker 1: we just wait them out until they crack? Why can't 654 00:35:33,280 --> 00:35:35,839 Speaker 1: that be the case. And if that's the case, why 655 00:35:35,880 --> 00:35:38,759 Speaker 1: would we you stop bombing, or maybe you don't need 656 00:35:38,800 --> 00:35:41,360 Speaker 1: to bomb because you're already keeping them from making money 657 00:35:41,440 --> 00:35:42,279 Speaker 1: and you've already. 658 00:35:42,000 --> 00:35:43,160 Speaker 2: Done enough damage. 659 00:35:43,280 --> 00:35:45,719 Speaker 1: I'm willing to try and find the way, but this 660 00:35:45,800 --> 00:35:48,880 Speaker 1: all makes Trump look really bad and weak. That's not 661 00:35:48,960 --> 00:35:50,520 Speaker 1: a good place for him to be going into a 662 00:35:50,560 --> 00:35:53,360 Speaker 1: midterm Find everything at Tony kats dot com tomorrow. 663 00:35:53,400 --> 00:35:54,160 Speaker 2: Everyone to take care 664 00:36:07,640 --> 00:36:09,000 Speaker 1: In a NA