1 00:00:00,360 --> 00:00:04,200 Speaker 1: Happy Monday always made extra special, extra happy and good 2 00:00:04,200 --> 00:00:07,960 Speaker 1: morning to the uh covert group of ladies who wait 3 00:00:08,039 --> 00:00:10,800 Speaker 1: patiently for this moment in time every Monday for Brian James, 4 00:00:10,840 --> 00:00:13,119 Speaker 1: small or financial to join the program and talk about well, 5 00:00:13,160 --> 00:00:15,280 Speaker 1: money Monday, Money Monday matters, and we've got some cool 6 00:00:15,320 --> 00:00:17,280 Speaker 1: topic to talk about. Welcome back, Brian James. 7 00:00:17,440 --> 00:00:20,320 Speaker 2: Thank you. You love our ladies' support group out there. 8 00:00:20,320 --> 00:00:21,200 Speaker 2: I haven't heard from them since. 9 00:00:21,280 --> 00:00:23,280 Speaker 3: I'm gonna go ahead and assume that we nailed their 10 00:00:23,360 --> 00:00:24,560 Speaker 3: questions there a few weeks. 11 00:00:24,560 --> 00:00:26,680 Speaker 1: Well, I like to think, I like, you can just 12 00:00:26,720 --> 00:00:29,080 Speaker 1: stop it, you know, you like ladies period, don't matter 13 00:00:29,160 --> 00:00:31,920 Speaker 1: whether they're a sport group listening to you, Brian James. 14 00:00:31,920 --> 00:00:35,479 Speaker 1: But uh yeah, I'm pretty much full on record with 15 00:00:35,600 --> 00:00:38,720 Speaker 1: the concept anyway, Brian James, Scott to ask you about 16 00:00:38,760 --> 00:00:39,640 Speaker 1: that gang yesterday. 17 00:00:40,680 --> 00:00:41,240 Speaker 2: I was there. 18 00:00:41,400 --> 00:00:45,480 Speaker 3: I was there, you were there, Yeah, Yeah, I thought, 19 00:00:45,520 --> 00:00:46,480 Speaker 3: let's give him a chance. 20 00:00:46,520 --> 00:00:48,960 Speaker 2: We'll see how this codes of the offense is amazing. 21 00:00:48,960 --> 00:00:50,880 Speaker 3: It's like they haven't missed a meat without burrow, which 22 00:00:50,920 --> 00:00:53,360 Speaker 3: just sounds like sacrilege to say. But oh my gosh, 23 00:00:53,680 --> 00:00:56,640 Speaker 3: the defend on defense on the other end of the spectrum, completely. 24 00:00:56,760 --> 00:00:59,280 Speaker 1: Absolutely. It's funny you mentioned Burrow. My wife brought that 25 00:00:59,360 --> 00:01:01,480 Speaker 1: up a couple of times. I wonder if Burrow's sweat 26 00:01:01,480 --> 00:01:03,520 Speaker 1: and bullets about his job. So I don't think they're 27 00:01:03,520 --> 00:01:05,759 Speaker 1: gonna get rid of Joe anytime soon, but glass Jaw 28 00:01:05,880 --> 00:01:07,920 Speaker 1: he is, and if he gets injured one more time, 29 00:01:08,000 --> 00:01:10,560 Speaker 1: I think the writing's on the wall. Of course, we've 30 00:01:10,600 --> 00:01:13,039 Speaker 1: been well taken care of on an offense perspective, but wow, 31 00:01:13,120 --> 00:01:16,440 Speaker 1: that defense was just a total letdown. Maybe we'll get 32 00:01:16,440 --> 00:01:18,199 Speaker 1: some personnel changes coming out of that one. 33 00:01:18,319 --> 00:01:20,760 Speaker 3: You know, we look at this that we spend Monday 34 00:01:20,760 --> 00:01:22,760 Speaker 3: and Tuesday every week just looking for those headlines and 35 00:01:22,800 --> 00:01:25,679 Speaker 3: they just never come. So apparently it is acceptable down 36 00:01:25,680 --> 00:01:27,759 Speaker 3: there on the river for this kind of performance. 37 00:01:27,920 --> 00:01:30,000 Speaker 1: Nice segue, because the headlines we're going to talk about 38 00:01:30,000 --> 00:01:31,840 Speaker 1: starting out of the gate here on Money Matters is 39 00:01:32,040 --> 00:01:34,480 Speaker 1: our money Monday issues, the latest on the shutdown and 40 00:01:34,520 --> 00:01:38,200 Speaker 1: it's varying impacts on stock markets and benefits and social security. 41 00:01:38,280 --> 00:01:41,720 Speaker 1: And I observe something this morning. One of the you know, 42 00:01:41,760 --> 00:01:44,319 Speaker 1: the ringing of hands and the nashing of teeth brought 43 00:01:44,360 --> 00:01:46,880 Speaker 1: about by the end of snap benefits, and there were 44 00:01:46,880 --> 00:01:49,600 Speaker 1: two court rulings on Friday, which said the trumpetman or 45 00:01:49,640 --> 00:01:54,800 Speaker 1: the Trump administration must use emergency reserve funds during the shutdown. 46 00:01:54,920 --> 00:01:57,920 Speaker 1: So there's five billion dollars in funds that are sitting 47 00:01:57,960 --> 00:02:00,840 Speaker 1: behind the scenes. The USDA had originally plan to use 48 00:02:00,880 --> 00:02:03,240 Speaker 1: those in the event of as shutdown. The Trump administration 49 00:02:03,360 --> 00:02:05,640 Speaker 1: said no, it's not allowed to use them. But now 50 00:02:05,680 --> 00:02:09,240 Speaker 1: they have illegal too legal opinions saying you have to 51 00:02:09,240 --> 00:02:11,440 Speaker 1: do it. And they haven't said they're going to appeal yet, 52 00:02:11,440 --> 00:02:13,200 Speaker 1: and they just said something along the lines of when 53 00:02:13,240 --> 00:02:15,359 Speaker 1: we need more clarity first, if we're given an appropriate 54 00:02:15,440 --> 00:02:18,120 Speaker 1: legal direction by the court, it will be my honor 55 00:02:18,200 --> 00:02:21,480 Speaker 1: to provide the funding. Now, I think politically speaking, and 56 00:02:21,480 --> 00:02:23,960 Speaker 1: I know we normally don't dwell dwell on politics, but 57 00:02:24,800 --> 00:02:27,320 Speaker 1: snap shut down bad and people are going to start 58 00:02:27,360 --> 00:02:29,280 Speaker 1: looking for folks to blame. And while I do not 59 00:02:29,400 --> 00:02:32,119 Speaker 1: believe the Republicans are to be blamed for this shutdown, 60 00:02:32,160 --> 00:02:33,960 Speaker 1: given that they want to keep funding at the original 61 00:02:34,040 --> 00:02:36,960 Speaker 1: last year Biden level funding, which includes all the programs 62 00:02:36,960 --> 00:02:40,359 Speaker 1: that Democrats love. Democrats wanted to use this to increase 63 00:02:40,400 --> 00:02:42,640 Speaker 1: the government spending and include a lot of folks in 64 00:02:42,680 --> 00:02:46,839 Speaker 1: regard to these supplements that they've been getting to make 65 00:02:46,919 --> 00:02:53,280 Speaker 1: Obamacare appear palatable. But these two rulings would allow the 66 00:02:53,280 --> 00:02:56,120 Speaker 1: Trump administration to go ahead and continue to pay at 67 00:02:56,160 --> 00:02:58,959 Speaker 1: least for the never next several weeks without the snap 68 00:02:59,000 --> 00:03:02,800 Speaker 1: folks feeling the pinch of the shutdown that buys the time. 69 00:03:02,880 --> 00:03:04,600 Speaker 2: I would think, well. 70 00:03:04,440 --> 00:03:07,240 Speaker 3: You would think, but I think the fact that the 71 00:03:07,280 --> 00:03:09,720 Speaker 3: federal judges came out we've now had two legal rulings 72 00:03:09,720 --> 00:03:12,480 Speaker 3: saying that yes, you must use these dollars for this purpose, Well, 73 00:03:12,480 --> 00:03:13,880 Speaker 3: that has nothing to do with what's gonna what. 74 00:03:13,919 --> 00:03:16,120 Speaker 2: The reality is going to be that the. 75 00:03:16,040 --> 00:03:19,000 Speaker 3: Trump administration generally ignores those kinds of rules anyway, and 76 00:03:19,040 --> 00:03:20,040 Speaker 3: those kinds of ultimatum. 77 00:03:20,120 --> 00:03:22,360 Speaker 1: So no, but it's suggested it would follow them. I mean, 78 00:03:22,440 --> 00:03:25,040 Speaker 1: I'm I trust me, I understand where you're coming from 79 00:03:25,080 --> 00:03:28,480 Speaker 1: from generally speaking, that's what we might expect an appeal 80 00:03:28,600 --> 00:03:30,480 Speaker 1: A no, no, Moss, I'm not going to do it. 81 00:03:30,520 --> 00:03:33,519 Speaker 1: But he did say I'm happy to follow the court order. 82 00:03:33,680 --> 00:03:35,760 Speaker 1: Just show me the guidance. I'll be I'll do it. 83 00:03:35,800 --> 00:03:37,840 Speaker 1: But like I said, I think that will be politically 84 00:03:37,880 --> 00:03:40,760 Speaker 1: advantageous for Trump because the government remains shut down, but 85 00:03:41,120 --> 00:03:43,280 Speaker 1: they are using the funds that are parked in the 86 00:03:43,320 --> 00:03:45,240 Speaker 1: back somewhere to pay the snap folks. 87 00:03:45,480 --> 00:03:46,000 Speaker 2: Yeah, that's right. 88 00:03:46,040 --> 00:03:48,000 Speaker 3: And there are forty two million people out there, about 89 00:03:48,000 --> 00:03:50,760 Speaker 3: one in eight people a golden snap, and they're looking 90 00:03:50,760 --> 00:03:53,320 Speaker 3: at that's who is of course looking at disruptions. 91 00:03:52,760 --> 00:03:53,280 Speaker 2: To their families. 92 00:03:53,280 --> 00:03:55,360 Speaker 3: And when are we gonna see You know that we've 93 00:03:55,360 --> 00:03:57,880 Speaker 3: already seen the headlines of the lines outside the food 94 00:03:57,880 --> 00:03:59,160 Speaker 3: pantries and all that kind of thing. 95 00:03:59,240 --> 00:04:01,040 Speaker 2: Right, when are those place is going to run out 96 00:04:01,040 --> 00:04:01,360 Speaker 2: of food? 97 00:04:01,400 --> 00:04:03,560 Speaker 3: If they're not already so there will literally be no 98 00:04:03,680 --> 00:04:06,280 Speaker 3: option where How close are we to that? And you 99 00:04:06,360 --> 00:04:08,440 Speaker 3: got to think that some good chunk of these forty 100 00:04:08,440 --> 00:04:11,160 Speaker 3: two million people did actually vote for Trump a year ago, 101 00:04:11,520 --> 00:04:14,400 Speaker 3: so I would I think it would be politically expedient 102 00:04:14,440 --> 00:04:16,600 Speaker 3: for him to do so. He just seems to be 103 00:04:16,640 --> 00:04:19,320 Speaker 3: waiting for more and more information or more. I'm not 104 00:04:19,320 --> 00:04:21,279 Speaker 3: sure what the different outcome is going to be other 105 00:04:21,320 --> 00:04:24,279 Speaker 3: than making it a much much louder when it actually does. 106 00:04:24,120 --> 00:04:27,000 Speaker 1: Happen, Well, we'll wait and see. But again, I think 107 00:04:27,000 --> 00:04:30,560 Speaker 1: they're trying to just just wait it out. See how 108 00:04:30,640 --> 00:04:32,279 Speaker 1: many if there is pain out there, we're all going 109 00:04:32,320 --> 00:04:34,880 Speaker 1: to experience? Who ultimately gets blamed for this. We go 110 00:04:34,920 --> 00:04:36,960 Speaker 1: back to that ridiculous blame game when I think the 111 00:04:37,000 --> 00:04:40,200 Speaker 1: answer to that question is pretty obvious anyway. What about 112 00:04:40,360 --> 00:04:43,039 Speaker 1: its impact on the stock market, what about its impact 113 00:04:43,040 --> 00:04:45,919 Speaker 1: on social security? I mean, because the market still seems 114 00:04:45,920 --> 00:04:49,000 Speaker 1: to be plowing along doing quite nicely, hasn't really reacted 115 00:04:49,040 --> 00:04:50,960 Speaker 1: to this shutdown much? Is that going to happen soon? 116 00:04:51,000 --> 00:04:53,719 Speaker 3: Brian James, Well, I mean, I don't see it happening 117 00:04:53,760 --> 00:04:56,480 Speaker 3: anytime soon, because the end of the day here, all 118 00:04:56,480 --> 00:04:58,320 Speaker 3: we really care about in the stock market is profit 119 00:04:58,360 --> 00:05:00,600 Speaker 3: margin period, end of story. That's all we've cared about that. 120 00:05:00,640 --> 00:05:02,480 Speaker 3: I think that's all we will care about. So these 121 00:05:02,560 --> 00:05:04,280 Speaker 3: kinds of things, and I don't mean to be little 122 00:05:04,480 --> 00:05:06,600 Speaker 3: for the people who are stuck in it, but as 123 00:05:06,600 --> 00:05:08,919 Speaker 3: far as the stock market goes, this is a sideshow. 124 00:05:09,400 --> 00:05:11,360 Speaker 3: And at the end of the day, there's still an 125 00:05:11,360 --> 00:05:13,560 Speaker 3: awful lot of catalysts and things out there that are 126 00:05:13,560 --> 00:05:15,640 Speaker 3: moving the market in a positive direction. We are seeing 127 00:05:15,640 --> 00:05:17,800 Speaker 3: a lot of earnings reports. We're in earning season now, 128 00:05:18,000 --> 00:05:21,200 Speaker 3: so we're seeing earnings come out very positively, and there 129 00:05:21,240 --> 00:05:23,159 Speaker 3: just doesn't seem to be much signed, as you said, 130 00:05:23,360 --> 00:05:24,760 Speaker 3: of any real pullback. 131 00:05:25,480 --> 00:05:28,040 Speaker 2: So we've talked before about. 132 00:05:27,760 --> 00:05:29,920 Speaker 3: The impact of a shutdown on the overall stock market, 133 00:05:29,960 --> 00:05:32,520 Speaker 3: and it generally doesn't seem to be all that impactful. 134 00:05:32,839 --> 00:05:35,479 Speaker 3: We are at the point of, depending on who you 135 00:05:35,600 --> 00:05:38,640 Speaker 3: talk to, this may be the longest shutdown or it 136 00:05:38,680 --> 00:05:41,880 Speaker 3: will be shortly, depending on whose list of days that 137 00:05:41,920 --> 00:05:44,600 Speaker 3: you're looking at. There's a bit of a question as 138 00:05:44,600 --> 00:05:47,279 Speaker 3: to how long the last one was. But the thirty 139 00:05:47,279 --> 00:05:49,520 Speaker 3: four days is the number I'm sticking to. We're about 140 00:05:49,560 --> 00:05:51,800 Speaker 3: at that now, and there doesn't appear to be any 141 00:05:52,560 --> 00:05:54,919 Speaker 3: on the horizon, any end to it. So we'll see 142 00:05:55,000 --> 00:05:56,960 Speaker 3: if we can make one long enough that it actually 143 00:05:56,960 --> 00:05:58,719 Speaker 3: has an impact on the stock market. But I'm not 144 00:05:58,760 --> 00:06:01,440 Speaker 3: holding my breath too much. Should be too impactful for 145 00:06:01,520 --> 00:06:04,480 Speaker 3: people as far as their investments go. Obviously, that's one tiny. 146 00:06:04,240 --> 00:06:06,440 Speaker 1: Part of all of this stuff, right, is that to 147 00:06:06,520 --> 00:06:09,680 Speaker 1: say that the folks that would be most impacted by 148 00:06:09,760 --> 00:06:13,359 Speaker 1: a protracted government shutdown, let's say SNAP is impacted, or 149 00:06:13,400 --> 00:06:17,080 Speaker 1: some other social welfare program might get impacted, or some 150 00:06:17,160 --> 00:06:20,839 Speaker 1: other peripheral form of the twenty five percent, you know, 151 00:06:20,920 --> 00:06:24,320 Speaker 1: discretionary expenditures of government. Is it that they don't impact 152 00:06:24,400 --> 00:06:27,240 Speaker 1: the economy much by way of their buying decisions, or 153 00:06:27,320 --> 00:06:28,880 Speaker 1: is there something that I'm missing. 154 00:06:28,960 --> 00:06:31,520 Speaker 3: Well, yeah, I mean this is this is a group 155 00:06:31,560 --> 00:06:36,640 Speaker 3: of people who are benefiting from the ability to get 156 00:06:36,640 --> 00:06:40,880 Speaker 3: food and sustenance from the federal government, and that's not 157 00:06:40,960 --> 00:06:44,040 Speaker 3: going to surface very much in our companies making money 158 00:06:44,120 --> 00:06:46,480 Speaker 3: or not quite frankly, because there's not a lot of 159 00:06:46,520 --> 00:06:48,440 Speaker 3: money left over in those households to do the kinds 160 00:06:48,440 --> 00:06:51,359 Speaker 3: of things that drive the economy. So that's not pulling 161 00:06:51,600 --> 00:06:54,120 Speaker 3: a significant amount of dollars out of the economy. That's 162 00:06:54,160 --> 00:06:56,320 Speaker 3: why it's not really having an impact. If it was, 163 00:06:56,400 --> 00:06:59,000 Speaker 3: the market always likes to anticipate these things, market would 164 00:06:59,000 --> 00:07:01,400 Speaker 3: have come down weeks ago in anticipation of some kind 165 00:07:01,440 --> 00:07:02,880 Speaker 3: of massive change in consumer spending. 166 00:07:03,000 --> 00:07:04,920 Speaker 1: Yeah, and that's exactly what I would have expected. Doesn't 167 00:07:04,920 --> 00:07:07,039 Speaker 1: take a real rocket science to come to that conclusion. 168 00:07:07,080 --> 00:07:10,160 Speaker 1: But I guess prior shutdowns have had a comparable lack 169 00:07:10,200 --> 00:07:12,320 Speaker 1: of market impacts. So you saw that kind of as 170 00:07:12,320 --> 00:07:13,560 Speaker 1: a prior guide, right. 171 00:07:13,640 --> 00:07:16,480 Speaker 3: And frankly, I think that's what this administration is relying on. 172 00:07:16,520 --> 00:07:18,880 Speaker 3: That these things that that we have that have been 173 00:07:19,040 --> 00:07:22,360 Speaker 3: kind of laid into bedrock by the Democrats are not 174 00:07:22,560 --> 00:07:26,200 Speaker 3: as impactful to the overall health of the country versus 175 00:07:26,240 --> 00:07:28,600 Speaker 3: obviously they're extremely impactful to the groups of people that 176 00:07:28,640 --> 00:07:31,080 Speaker 3: they benefit. But in terms of the overall health and 177 00:07:31,080 --> 00:07:32,840 Speaker 3: success of the company of the country, I think the 178 00:07:32,840 --> 00:07:35,120 Speaker 3: Republican side just says, look, this isn't going to hurt 179 00:07:35,200 --> 00:07:36,880 Speaker 3: the country in the long run. Let's go ahead and 180 00:07:37,200 --> 00:07:40,120 Speaker 3: fight it and see if we can't change things around 181 00:07:40,200 --> 00:07:41,560 Speaker 3: kind of more fundamentally than we have. 182 00:07:41,520 --> 00:07:42,000 Speaker 2: In the past. 183 00:07:42,080 --> 00:07:44,600 Speaker 1: All right now, insofar as so security is concerned, without 184 00:07:44,640 --> 00:07:46,600 Speaker 1: diving into the loophole, we're going to talk about to 185 00:07:46,760 --> 00:07:49,760 Speaker 1: next talk about next. I know it's been an odd 186 00:07:49,840 --> 00:07:52,560 Speaker 1: revelation for a lot of folks that the government shutdowns 187 00:07:52,560 --> 00:07:55,520 Speaker 1: means that there are certain areas of government that aren't 188 00:07:55,560 --> 00:07:58,640 Speaker 1: there to do the work they do. For example, numbers crunchers. 189 00:07:58,680 --> 00:08:01,480 Speaker 1: You know, we can't do this without out the CBO 190 00:08:01,480 --> 00:08:04,120 Speaker 1: doing their job, or we can't do this because such 191 00:08:04,120 --> 00:08:06,680 Speaker 1: and so bureau behind the scenes is not doing its 192 00:08:06,760 --> 00:08:07,640 Speaker 1: number crunching job. 193 00:08:08,000 --> 00:08:08,400 Speaker 2: Anything. 194 00:08:08,480 --> 00:08:10,920 Speaker 1: In so far as social security is concerned, I have 195 00:08:10,960 --> 00:08:13,400 Speaker 1: many listeners out there who are receiving Social Security or 196 00:08:13,400 --> 00:08:16,840 Speaker 1: anticipating receiving it soon. Is that is the government showed 197 00:08:16,920 --> 00:08:19,240 Speaker 1: shutdown impacting them. I know, we just recently got the 198 00:08:19,280 --> 00:08:22,040 Speaker 1: cost of living adjustment. That was everybody who's waiting for. 199 00:08:22,400 --> 00:08:24,600 Speaker 2: Yeah, no, I am not hearing anything. Obviously. 200 00:08:24,600 --> 00:08:26,360 Speaker 3: I've got a lot of clients that are utting from 201 00:08:26,360 --> 00:08:29,240 Speaker 3: Social Security and we're not hearing a single word about 202 00:08:29,280 --> 00:08:32,040 Speaker 3: that now. I do think that the Republicans that are 203 00:08:32,080 --> 00:08:35,320 Speaker 3: pushing this, that are wanting to hold onto the shutdown, well, 204 00:08:35,400 --> 00:08:38,160 Speaker 3: frankly the Democrats too. Nobody's really talking about Social Security. 205 00:08:38,200 --> 00:08:40,320 Speaker 3: I think everybody knows that that is the third rail 206 00:08:40,720 --> 00:08:43,560 Speaker 3: because that is the largest group of people we have 207 00:08:43,640 --> 00:08:45,360 Speaker 3: in this country. They all vote and they have time 208 00:08:45,400 --> 00:08:47,559 Speaker 3: to pay attention to the headlines. So if you affect 209 00:08:47,559 --> 00:08:51,079 Speaker 3: those checks, that the backlash from that is going to 210 00:08:51,120 --> 00:08:53,840 Speaker 3: be swift and fierce. So I have not heard anything 211 00:08:53,880 --> 00:08:57,280 Speaker 3: about changes coming to Social Security program impacted by the 212 00:08:57,320 --> 00:09:01,319 Speaker 3: shutdown itself, other than it's always a little bit tougher 213 00:09:01,360 --> 00:09:04,679 Speaker 3: to get any information out of the government that wasn't 214 00:09:04,760 --> 00:09:07,120 Speaker 3: quick and efficient anyway. So I don't know that that's 215 00:09:07,120 --> 00:09:08,520 Speaker 3: going to have all that much of an impact on 216 00:09:09,040 --> 00:09:10,720 Speaker 3: the general day to day operations. 217 00:09:10,760 --> 00:09:13,160 Speaker 1: So scary, and I know a lot of the shutdown 218 00:09:13,200 --> 00:09:15,959 Speaker 1: is based in premise upon the Democrats wanting to continue 219 00:09:16,000 --> 00:09:18,760 Speaker 1: these extensions of the Obamacare supplements that are scheduled to 220 00:09:18,840 --> 00:09:20,760 Speaker 1: end at the end of the year. So the new 221 00:09:20,920 --> 00:09:25,000 Speaker 1: Obamacare premium numbers are rolling out, which if none of 222 00:09:25,000 --> 00:09:28,760 Speaker 1: this shutdown happened and there was no legislative change, this 223 00:09:28,800 --> 00:09:31,440 Speaker 1: would have happened as a matter of logic and reason, 224 00:09:31,520 --> 00:09:33,440 Speaker 1: because they were set to shut down at the end 225 00:09:33,440 --> 00:09:36,160 Speaker 1: of the year. So what we're seeing now is the 226 00:09:36,160 --> 00:09:40,160 Speaker 1: reality of the cutoff date. People are angry, I suppose 227 00:09:40,200 --> 00:09:43,040 Speaker 1: about not getting the supplements anymore, but I don't see 228 00:09:43,040 --> 00:09:45,960 Speaker 1: that as being this like Snap benefits being cut off, 229 00:09:46,000 --> 00:09:49,480 Speaker 1: having the same sort of outcome in terms of rage. 230 00:09:49,640 --> 00:09:51,400 Speaker 1: Where are we on that one, Brian Well, I. 231 00:09:51,400 --> 00:09:53,000 Speaker 3: Think it's going to take longer for it to sink 232 00:09:53,040 --> 00:09:55,320 Speaker 3: in what that actually means to people versus, you know, 233 00:09:55,360 --> 00:09:57,280 Speaker 3: the Snap benefits that means I can't get food this 234 00:09:57,320 --> 00:09:58,880 Speaker 3: week from right right now. That's going to get my 235 00:09:58,920 --> 00:10:01,160 Speaker 3: attention right away, versus as these premiums that I ever 236 00:10:01,200 --> 00:10:02,360 Speaker 3: really understood to begin with. 237 00:10:02,640 --> 00:10:04,079 Speaker 2: It's going to be a while down. 238 00:10:03,920 --> 00:10:08,520 Speaker 3: The road that they actually filter through and help people 239 00:10:08,920 --> 00:10:11,720 Speaker 3: and people realize exactly what that impact is of those 240 00:10:11,760 --> 00:10:13,040 Speaker 3: costs going up out of pocket. 241 00:10:13,280 --> 00:10:14,679 Speaker 2: But it's going to be the same reaction at the 242 00:10:14,720 --> 00:10:16,000 Speaker 2: end of the day if the ends don't meet. The 243 00:10:16,040 --> 00:10:16,640 Speaker 2: ends don't meet. 244 00:10:16,800 --> 00:10:18,320 Speaker 3: We started it with food and we're going to move 245 00:10:18,320 --> 00:10:20,760 Speaker 3: into healthcare, and eventually there's going to be a pretty 246 00:10:20,800 --> 00:10:21,559 Speaker 3: loud hue and. 247 00:10:21,520 --> 00:10:24,120 Speaker 2: Cry over that from somewhere hasn't happened yet. Though it 248 00:10:24,160 --> 00:10:25,040 Speaker 2: hasn't happened yet. 249 00:10:25,440 --> 00:10:27,040 Speaker 1: Don't put your heart, in your faith, in your future 250 00:10:27,040 --> 00:10:28,920 Speaker 1: in the hands of a politician. It will never work out, 251 00:10:28,960 --> 00:10:31,040 Speaker 1: regardless of who you're relying on. Eight sixty more with 252 00:10:31,040 --> 00:10:34,960 Speaker 1: Brian James going to it's eight nineteen here in fifty 253 00:10:35,000 --> 00:10:38,240 Speaker 1: five Karasini Talk station, Brian Thomas with money Mondays Brian 254 00:10:38,360 --> 00:10:41,319 Speaker 1: James or or financial loans them out for a few 255 00:10:41,360 --> 00:10:43,599 Speaker 1: segments every week at this time, and diving on and 256 00:10:43,679 --> 00:10:46,960 Speaker 1: Sosa's Security. I've never heard that children could get Sosa's 257 00:10:47,000 --> 00:10:49,959 Speaker 1: Security benefits. And I suppose there's a couple of hoops 258 00:10:49,960 --> 00:10:52,280 Speaker 1: you have to jump through on this, but some big 259 00:10:52,320 --> 00:10:55,960 Speaker 1: ones if you're sixty two years or older, I'm thinking 260 00:10:56,440 --> 00:10:59,280 Speaker 1: there's not a lot of them that have minor age 261 00:10:59,720 --> 00:11:02,680 Speaker 1: children or children that will be eligible for some slice 262 00:11:02,720 --> 00:11:05,200 Speaker 1: of the pie again. Break this down for my listeners 263 00:11:05,200 --> 00:11:05,360 Speaker 1: and me. 264 00:11:05,440 --> 00:11:08,480 Speaker 3: Brian, So, yeah, so you called this a loophole a 265 00:11:08,480 --> 00:11:10,280 Speaker 3: couple times this morning. I'm not sure i'd go there. 266 00:11:10,280 --> 00:11:12,760 Speaker 3: Somebody heard that and said, oh cool, here's something I 267 00:11:12,800 --> 00:11:13,600 Speaker 3: can go do. 268 00:11:13,960 --> 00:11:15,160 Speaker 2: Okay, okay, okay, free money. 269 00:11:15,320 --> 00:11:17,840 Speaker 1: Since you brought that up, you know, as a lawyer, 270 00:11:17,840 --> 00:11:20,480 Speaker 1: and my first dog, I named him loophole because there's 271 00:11:20,520 --> 00:11:24,040 Speaker 1: a joke that behind that. But these loopholes don't exist. 272 00:11:24,679 --> 00:11:27,080 Speaker 1: If it's in there, they intended it to be there. 273 00:11:27,200 --> 00:11:29,640 Speaker 1: I'm thoroughly convinced that the people who write the tax 274 00:11:29,720 --> 00:11:32,360 Speaker 1: code are writing in what you and I might proceed 275 00:11:32,400 --> 00:11:35,680 Speaker 1: to be loopholes for the intended benefit of some person 276 00:11:35,720 --> 00:11:38,400 Speaker 1: that's well connected with the tax law writers. Just me 277 00:11:38,559 --> 00:11:41,440 Speaker 1: being jaded and cinical. Brian James, Fair enough, fair, thank you. 278 00:11:41,480 --> 00:11:44,240 Speaker 3: So yeah, I just did want somebody to think, oh, hey, 279 00:11:44,280 --> 00:11:45,840 Speaker 3: here's a new thing, a trick I can play and 280 00:11:45,840 --> 00:11:48,080 Speaker 3: get myself some free money. Does that pretty big hoop 281 00:11:48,120 --> 00:11:50,080 Speaker 3: you got to jump through for this? So really, this 282 00:11:50,160 --> 00:11:52,080 Speaker 3: information is for people who may already be in this 283 00:11:52,120 --> 00:11:54,840 Speaker 3: situation and weren't aware of this benefit. What we're talking 284 00:11:54,880 --> 00:11:58,960 Speaker 3: about is social security benefits for dependent children of people 285 00:11:58,960 --> 00:12:02,240 Speaker 3: who are social security age and are actually drawing on 286 00:12:02,280 --> 00:12:04,680 Speaker 3: Social Security. Now you might think, do the quick math 287 00:12:04,720 --> 00:12:06,280 Speaker 3: on that, that might be you know, that's somebody who 288 00:12:06,320 --> 00:12:09,240 Speaker 3: had kids in their mid to late forties, if not fifties. 289 00:12:09,440 --> 00:12:11,040 Speaker 2: Yes, that's true. But we're also the. 290 00:12:11,000 --> 00:12:13,040 Speaker 3: Other benefit here, or the other group of people we're 291 00:12:13,040 --> 00:12:15,080 Speaker 3: talking about it is people who you know, maybe grandparents 292 00:12:15,120 --> 00:12:18,160 Speaker 3: who adopted a child from their own adult children because 293 00:12:18,160 --> 00:12:18,720 Speaker 3: the men. 294 00:12:18,720 --> 00:12:22,079 Speaker 1: Well, okay, fair enough, fair enough on that one. I know, 295 00:12:23,280 --> 00:12:26,280 Speaker 1: I personally know some quote unquote grandparents who are now 296 00:12:26,360 --> 00:12:30,360 Speaker 1: raising their children's children because of well, drug issues and 297 00:12:30,400 --> 00:12:33,760 Speaker 1: some of them passed away. So there's always that possibility. 298 00:12:33,120 --> 00:12:34,760 Speaker 2: Absolutely, and that's why this is out there. 299 00:12:34,760 --> 00:12:36,160 Speaker 3: So I wouldn't call it a loophole, just kind of 300 00:12:36,200 --> 00:12:39,240 Speaker 3: a safety net for these situations to be particularly challenging. 301 00:12:39,280 --> 00:12:41,800 Speaker 3: So right now, only about one percent of soci security 302 00:12:41,800 --> 00:12:44,679 Speaker 3: beneficiaries or children, so that's not this is not a 303 00:12:44,760 --> 00:12:47,480 Speaker 3: huge amount of people that we're seeing here. However, now, 304 00:12:47,520 --> 00:12:51,520 Speaker 3: with with economic situations kind of dictating, current generations are having. 305 00:12:51,480 --> 00:12:52,720 Speaker 2: Kids later and later and later. 306 00:12:52,760 --> 00:12:54,360 Speaker 3: So we'll see how this pans out over the next 307 00:12:54,400 --> 00:12:57,120 Speaker 3: fifteen twenty years. There may be that percentage may go up, 308 00:12:58,120 --> 00:13:01,160 Speaker 3: so the checks can be good size Brian about eight 309 00:13:01,280 --> 00:13:03,839 Speaker 3: hundred bucks to one thousand dollars per child per month, 310 00:13:04,320 --> 00:13:07,040 Speaker 3: and which oftentimes that that the income gets used to, 311 00:13:07,200 --> 00:13:10,080 Speaker 3: you know, boost college savings or offset childcare costs. That's 312 00:13:10,160 --> 00:13:12,520 Speaker 3: kind of the whole point of making sure that these 313 00:13:12,520 --> 00:13:15,280 Speaker 3: older families can get benefits for or can get the 314 00:13:15,520 --> 00:13:18,800 Speaker 3: lifestyles they need for their children. This can start as 315 00:13:18,840 --> 00:13:21,640 Speaker 3: early as age sixty two, same as Social Security. But 316 00:13:21,679 --> 00:13:23,840 Speaker 3: that also because remember the whole trigger of this is 317 00:13:23,880 --> 00:13:26,560 Speaker 3: that you have to file yourself right, so that means 318 00:13:26,559 --> 00:13:29,360 Speaker 3: you're filing earlier to tap into these benefits that are 319 00:13:29,360 --> 00:13:32,640 Speaker 3: available for you and your dependent children. That means you're 320 00:13:32,640 --> 00:13:34,880 Speaker 3: not waiting till seventy anymore. You're gonna go ahead and 321 00:13:35,160 --> 00:13:37,200 Speaker 3: you know, and get that going. And then if you 322 00:13:37,240 --> 00:13:39,480 Speaker 3: file it's so sixty two, that's going to knock down 323 00:13:39,520 --> 00:13:41,960 Speaker 3: your benefit brought probably twenty five to thirty percent less 324 00:13:41,960 --> 00:13:44,079 Speaker 3: for life. Right, it's just the math behind it, that's 325 00:13:44,080 --> 00:13:46,000 Speaker 3: not you know, sometimes it can make sense to do that, 326 00:13:46,200 --> 00:13:49,160 Speaker 3: sometimes it doesn't. It's the whole purpose of financial planning, right. 327 00:13:49,280 --> 00:13:51,439 Speaker 1: You break the numbers down and you do the math 328 00:13:51,480 --> 00:13:53,120 Speaker 1: and you figure out whether it's better to take it 329 00:13:53,120 --> 00:13:55,480 Speaker 1: at sixty two or to wait off because you can't. 330 00:13:55,679 --> 00:13:59,480 Speaker 1: I suppose it's unlikely the older you get, moving towards 331 00:13:59,480 --> 00:14:01,560 Speaker 1: seventy two. I suppose that you're going to have a 332 00:14:01,600 --> 00:14:05,240 Speaker 1: minor age child. I'm living in your home, right, yes, yeah. 333 00:14:05,000 --> 00:14:06,880 Speaker 2: That's the something is. 334 00:14:07,120 --> 00:14:09,800 Speaker 3: Then you've got challenges anyway if that's happening, So don't 335 00:14:09,880 --> 00:14:12,600 Speaker 3: rush out and have a kid. 336 00:14:12,679 --> 00:14:13,000 Speaker 2: Whatever. 337 00:14:13,160 --> 00:14:16,520 Speaker 1: There's a bunch of multi multi millionaire geriatrics, you know, 338 00:14:16,600 --> 00:14:19,640 Speaker 1: octogenarians that are marrying twenty something, so don't say it 339 00:14:19,680 --> 00:14:20,240 Speaker 1: can't happen. 340 00:14:20,520 --> 00:14:23,120 Speaker 3: They good very well. And that's why this benefit exists. 341 00:14:23,200 --> 00:14:25,040 Speaker 3: So if you're having trouble making ends meet, you are 342 00:14:25,040 --> 00:14:27,480 Speaker 3: in this situation. And this is not new by the way, 343 00:14:27,520 --> 00:14:30,880 Speaker 3: this has been around since like the thirties. But just 344 00:14:30,920 --> 00:14:32,560 Speaker 3: be aware that that benefit is out there for you 345 00:14:32,600 --> 00:14:33,440 Speaker 3: to help you out well. 346 00:14:33,480 --> 00:14:35,320 Speaker 1: And I understand this money is tax free for the 347 00:14:35,400 --> 00:14:38,360 Speaker 1: children because you know they probably aren't making enough to 348 00:14:38,360 --> 00:14:40,880 Speaker 1: pay federal taxes in any way, right. 349 00:14:40,840 --> 00:14:43,280 Speaker 3: Correct, Yeah, And and you can still claim them as 350 00:14:43,280 --> 00:14:45,040 Speaker 3: dependents as you would have anyway, and then you can 351 00:14:45,080 --> 00:14:47,040 Speaker 3: turn around if if you don't need the money to 352 00:14:47,400 --> 00:14:49,040 Speaker 3: kind of fill the gaps. Then you can invest it 353 00:14:49,080 --> 00:14:51,040 Speaker 3: in a five twenty nine or some kind of custodial 354 00:14:51,080 --> 00:14:53,640 Speaker 3: account and use it for college benefits down the road. 355 00:14:54,080 --> 00:14:56,400 Speaker 3: But you have to just make sure that that money 356 00:14:56,400 --> 00:14:59,400 Speaker 3: stays in the child's name to avoid Social Security repayment 357 00:14:59,440 --> 00:15:02,280 Speaker 3: issues that we're custodial is very important with that topic. 358 00:15:03,840 --> 00:15:05,880 Speaker 1: A little opportunity to maybe put the money away for 359 00:15:05,960 --> 00:15:07,440 Speaker 1: the kid for the future if you don't need to 360 00:15:07,480 --> 00:15:08,320 Speaker 1: spend real time. 361 00:15:08,520 --> 00:15:09,120 Speaker 2: Yeah, it could be. 362 00:15:09,200 --> 00:15:11,240 Speaker 3: And remember there's there are new rules over the last 363 00:15:11,280 --> 00:15:13,880 Speaker 3: couple of years with five twenty nine plans where they 364 00:15:13,880 --> 00:15:17,920 Speaker 3: can actually you can actually turn it into wroth IRA contributions. 365 00:15:18,000 --> 00:15:20,240 Speaker 2: Way down the road, there's moving parts to that. 366 00:15:20,360 --> 00:15:22,640 Speaker 3: But yeah, if you put money in a five twenty nine, 367 00:15:22,680 --> 00:15:24,480 Speaker 3: now this came out in twenty four, if you've got 368 00:15:24,480 --> 00:15:27,280 Speaker 3: money left over, then for that same beneficiary, it can 369 00:15:27,360 --> 00:15:30,880 Speaker 3: become up to currently about five years worth of roth 370 00:15:30,920 --> 00:15:33,760 Speaker 3: IRA complitions. Yeah, that five twenty nine has to be 371 00:15:33,760 --> 00:15:36,360 Speaker 3: in place for fifteen years though, so if it's invested 372 00:15:36,360 --> 00:15:38,240 Speaker 3: and I actually I just had a conversation at the 373 00:15:38,240 --> 00:15:40,160 Speaker 3: Bengals game yesterday with a friend of mine about this. 374 00:15:40,680 --> 00:15:42,680 Speaker 3: Who's gonna he's in a situation where he's got money 375 00:15:42,760 --> 00:15:44,480 Speaker 3: left over in his five twenty nine. Yeah, and I 376 00:15:44,520 --> 00:15:46,360 Speaker 3: said just leave it alone, but make sure it's not 377 00:15:46,440 --> 00:15:50,400 Speaker 3: in the graduate fund, because that's an extremely conservative fund, 378 00:15:50,440 --> 00:15:53,000 Speaker 3: because the plan is assuming you need it right now 379 00:15:53,040 --> 00:15:55,120 Speaker 3: for college. If it's gonna sit and grow for that 380 00:15:55,200 --> 00:15:57,920 Speaker 3: roth ira game later. Get it reinvested in something that's 381 00:15:57,920 --> 00:15:59,800 Speaker 3: gonna grow and has a little bit of risk attached 382 00:15:59,840 --> 00:16:00,000 Speaker 3: to it. 383 00:16:00,040 --> 00:16:02,160 Speaker 1: Always say I learned something every day. Sadly it's a 384 00:16:02,160 --> 00:16:03,960 Speaker 1: little too late for me to take advantage of that. 385 00:16:04,320 --> 00:16:06,360 Speaker 1: I love the concept of being able to convert that 386 00:16:06,400 --> 00:16:09,080 Speaker 1: leftover money because we did have some money left over 387 00:16:09,120 --> 00:16:11,920 Speaker 1: in the five twenty nine for my daughter's account. Brian 388 00:16:12,040 --> 00:16:15,200 Speaker 1: James will continue Price of oil. Peace of God passes 389 00:16:15,200 --> 00:16:18,720 Speaker 1: all human understanding. How does one calculate the price of oil? 390 00:16:18,880 --> 00:16:21,400 Speaker 1: How does one understand what OPEC does and does not do. 391 00:16:21,480 --> 00:16:24,560 Speaker 1: We'll continue on that topic one more with all our financials. 392 00:16:24,560 --> 00:16:26,400 Speaker 1: Brian James. It's say twenty five right now, fifty nine 393 00:16:26,440 --> 00:16:29,280 Speaker 1: to fifty five KERCD Talks Nation Brian James. Money Monday, 394 00:16:29,360 --> 00:16:31,560 Speaker 1: doing that money Mond Day thing from all Worth Financial 395 00:16:32,760 --> 00:16:34,360 Speaker 1: and over to something that's always puzzled me, and I 396 00:16:34,520 --> 00:16:40,560 Speaker 1: guess obviously OPEK mean different countries coordinating together to determine 397 00:16:40,600 --> 00:16:42,920 Speaker 1: how much oil is going to cost. So if that 398 00:16:42,960 --> 00:16:45,640 Speaker 1: happened among a coordinated group of domestic companies, they would 399 00:16:45,640 --> 00:16:47,920 Speaker 1: be sued under the Sherman Anti Trust Act. So they're 400 00:16:47,920 --> 00:16:50,160 Speaker 1: constantly and have always been manipulating the price of oil. 401 00:16:50,160 --> 00:16:51,840 Speaker 1: We can go back to the seventies, remember how bad 402 00:16:51,880 --> 00:16:53,720 Speaker 1: things were back then when we didn't produce our own 403 00:16:53,720 --> 00:16:56,560 Speaker 1: But fast forward to today, we are the largest exporter 404 00:16:56,600 --> 00:16:58,520 Speaker 1: of oil on the planet. I think we're out producing 405 00:16:58,560 --> 00:17:02,840 Speaker 1: everybody because of modern tech defracking, drilling, and permitting. So 406 00:17:03,480 --> 00:17:05,760 Speaker 1: I don't know whether we're impacted by OPEC's decision to 407 00:17:05,760 --> 00:17:09,760 Speaker 1: the extent we used to be. But they decided they're 408 00:17:09,760 --> 00:17:13,680 Speaker 1: gonna quit this. I guess they boosted production one hundred 409 00:17:13,720 --> 00:17:16,440 Speaker 1: and some odd thousand barrels per day up until the 410 00:17:16,520 --> 00:17:18,479 Speaker 1: end of the year, but they said first quarter next year, 411 00:17:18,480 --> 00:17:22,160 Speaker 1: we're gonna pair that back. What's behind all this, Brian James, Well, 412 00:17:22,280 --> 00:17:22,640 Speaker 1: same thing. 413 00:17:22,600 --> 00:17:24,679 Speaker 3: They're always looking at, which is supply and demand. Just 414 00:17:24,720 --> 00:17:27,200 Speaker 3: like every other country, every other company out there that's 415 00:17:27,200 --> 00:17:28,800 Speaker 3: trying to make a profit. They're always going to try 416 00:17:28,800 --> 00:17:30,960 Speaker 3: to predict supply and demand so they know what to 417 00:17:31,040 --> 00:17:33,840 Speaker 3: have on the shelves so that it can be demanded. 418 00:17:34,400 --> 00:17:37,160 Speaker 3: So the news headline here is that eight member countries 419 00:17:37,160 --> 00:17:39,760 Speaker 3: of OPEC plus are going to raise oil production by 420 00:17:39,800 --> 00:17:42,120 Speaker 3: about one hundred and thirty seven thousand barrels per day. 421 00:17:42,119 --> 00:17:43,639 Speaker 2: So that sounds like the opposite, right, We're. 422 00:17:43,800 --> 00:17:47,640 Speaker 3: Gonna push supply, right, But afterwards, and here's the really 423 00:17:47,640 --> 00:17:49,720 Speaker 3: big part of the headline, the media part, they're gonna 424 00:17:49,720 --> 00:17:53,240 Speaker 3: pause any further output hikes for Q one twenty twenty six, 425 00:17:53,280 --> 00:17:54,720 Speaker 3: so they're going to back off on all of it 426 00:17:55,119 --> 00:17:58,159 Speaker 3: between January and March and next year. So this, of course, 427 00:17:58,520 --> 00:18:00,919 Speaker 3: any hint that we're going to reduce supply will of 428 00:18:00,960 --> 00:18:03,520 Speaker 3: course push prices up. Brent crude moved up to about 429 00:18:03,560 --> 00:18:05,920 Speaker 3: sixty five bucks a barrel, and then the West Texas 430 00:18:05,920 --> 00:18:10,240 Speaker 3: flavor sixty one nineteen or thereabouts. So now that concern 431 00:18:10,359 --> 00:18:13,160 Speaker 3: is that the new market may face a supply surplus 432 00:18:13,160 --> 00:18:17,160 Speaker 3: here and by weaker demand expectations for twenty twenty six. 433 00:18:17,520 --> 00:18:20,480 Speaker 3: So that's why are they doing this again, trying to 434 00:18:20,520 --> 00:18:23,920 Speaker 3: match up supply and demand and so just just something 435 00:18:23,920 --> 00:18:25,960 Speaker 3: to pay attention to in the background of otherwise a 436 00:18:26,080 --> 00:18:27,280 Speaker 3: relatively healthy economy. 437 00:18:27,280 --> 00:18:28,920 Speaker 2: But that's certainly going to have an impact somewhere along 438 00:18:28,960 --> 00:18:29,200 Speaker 2: the way. 439 00:18:29,320 --> 00:18:32,080 Speaker 1: Well, I know we've been messing around with sanctions on Russia. 440 00:18:32,160 --> 00:18:35,600 Speaker 1: They are still a big supplier of global oil notwithstanding 441 00:18:35,600 --> 00:18:37,639 Speaker 1: our sanctions. Obviously there are other countries out there that 442 00:18:37,680 --> 00:18:39,760 Speaker 1: are willing to gobble up rushes like it may perhaps 443 00:18:39,800 --> 00:18:44,240 Speaker 1: cheaper oil, but are they wrestling at all with our 444 00:18:44,359 --> 00:18:47,880 Speaker 1: sanctions on Russia or Russia's supply on the open market. 445 00:18:48,000 --> 00:18:52,600 Speaker 1: Is that something that's been factored into this decision making Brian, Everything. 446 00:18:52,400 --> 00:18:53,240 Speaker 2: Especially with oil. 447 00:18:53,240 --> 00:18:54,840 Speaker 3: Oil is the same no matter where you dig it 448 00:18:54,840 --> 00:18:57,160 Speaker 3: out of the grounds, so wherever you get it from, 449 00:18:57,280 --> 00:19:00,320 Speaker 3: and that's why everything's so connected. You mentioned earlier oil 450 00:19:00,720 --> 00:19:03,480 Speaker 3: US market. We pump about thirteen million barrels a day 451 00:19:03,520 --> 00:19:06,600 Speaker 3: and that's historically high. But those just because we pump 452 00:19:06,640 --> 00:19:08,680 Speaker 3: it at home does not mean that our oil prices 453 00:19:08,680 --> 00:19:12,160 Speaker 3: are not impacted by what is being paid elsewhere, because again, 454 00:19:12,200 --> 00:19:14,320 Speaker 3: it's all the same product that comes out of the ground. 455 00:19:14,400 --> 00:19:16,960 Speaker 3: So if other large entities change the prices, that's of 456 00:19:17,040 --> 00:19:20,520 Speaker 3: course going to ripple through and the Brint prices. That's 457 00:19:20,600 --> 00:19:23,280 Speaker 3: basically out of the UK West Texas of course is here. 458 00:19:23,760 --> 00:19:26,439 Speaker 3: All that stuff moves in tandem. So whenever OPEC signals 459 00:19:26,440 --> 00:19:29,320 Speaker 3: it's going to tighten or loosen supply, those traders react 460 00:19:29,359 --> 00:19:31,280 Speaker 3: instantly and they move the price accordingly. 461 00:19:31,400 --> 00:19:33,280 Speaker 2: Doesn't matter where it came out of the ground. 462 00:19:33,280 --> 00:19:37,120 Speaker 1: All right, real quick, I don't know how much could 463 00:19:37,200 --> 00:19:39,960 Speaker 1: possibly exist at sea, but I've seen quite a few 464 00:19:40,040 --> 00:19:43,240 Speaker 1: articles about these tankers that are just floating around out 465 00:19:43,280 --> 00:19:45,520 Speaker 1: there in the world that are just filled with oil 466 00:19:45,560 --> 00:19:48,040 Speaker 1: and there's just idly sitting by. Are they waiting for 467 00:19:48,080 --> 00:19:49,840 Speaker 1: the price to go up before they bring that in 468 00:19:49,960 --> 00:19:52,240 Speaker 1: or what's the story? And is that really have a 469 00:19:52,280 --> 00:19:54,800 Speaker 1: global impact given the finite amount of tankers that could 470 00:19:54,800 --> 00:19:55,679 Speaker 1: possibly be filled. 471 00:19:55,840 --> 00:19:57,960 Speaker 2: Oh yeah, And that's why, you know, we think about it. 472 00:19:57,960 --> 00:20:00,440 Speaker 3: Oil is priced every single minute of every sing day, 473 00:20:00,520 --> 00:20:03,239 Speaker 3: just like the stock market, you know, So therefore there 474 00:20:03,520 --> 00:20:05,360 Speaker 3: are there's a reason to make it, bring to bring 475 00:20:05,359 --> 00:20:08,920 Speaker 3: it into port today versus tomorrow, And so absolutely they'll 476 00:20:08,920 --> 00:20:11,000 Speaker 3: they'll kind of change their routes or slow things down 477 00:20:11,040 --> 00:20:12,560 Speaker 3: a little bit if they think that if they bring 478 00:20:12,560 --> 00:20:15,560 Speaker 3: it on Tuesday versus Monday, it'll squeez. 479 00:20:15,240 --> 00:20:17,719 Speaker 2: Out a little more income. So absolutely that has an impact. 480 00:20:18,119 --> 00:20:20,199 Speaker 1: One more question I got for you, Brian James, because 481 00:20:20,240 --> 00:20:23,199 Speaker 1: you know, I've been waiting patiently and hopefully for the 482 00:20:23,240 --> 00:20:25,760 Speaker 1: future when we finally wake up that given our energy 483 00:20:25,760 --> 00:20:28,240 Speaker 1: demand needs, that we finally will start building what they 484 00:20:28,280 --> 00:20:30,879 Speaker 1: call small modular reactors, which are safe and only you 485 00:20:30,920 --> 00:20:33,560 Speaker 1: need five percent of rich uranium, which don't have any ways, 486 00:20:34,000 --> 00:20:36,400 Speaker 1: military has been running on these things for a long time. Anyway, 487 00:20:36,480 --> 00:20:38,200 Speaker 1: more and more people talking about it. Once you get 488 00:20:38,200 --> 00:20:41,080 Speaker 1: the AI facilities and the multi billionaires who own them 489 00:20:41,400 --> 00:20:43,720 Speaker 1: to step up and start demanding that we want our 490 00:20:43,720 --> 00:20:46,600 Speaker 1: own miniature nuclear plants, it sounds to me like OPEC's 491 00:20:46,680 --> 00:20:48,640 Speaker 1: future maybe on the rocks a little bit. And I'm 492 00:20:48,640 --> 00:20:50,960 Speaker 1: sure they think about this. But if you can get 493 00:20:51,040 --> 00:20:54,160 Speaker 1: nuclear power as opposed to see gas power or goil 494 00:20:54,280 --> 00:20:57,840 Speaker 1: power or any other form of power, it's efficient and 495 00:20:57,880 --> 00:21:00,600 Speaker 1: it's abundant. This is going to impact the oil market 496 00:21:00,600 --> 00:21:01,160 Speaker 1: down the road. 497 00:21:01,520 --> 00:21:02,440 Speaker 2: Absolutely it will. 498 00:21:02,480 --> 00:21:05,399 Speaker 3: And so that's why you know you commonly hear you 499 00:21:05,440 --> 00:21:07,360 Speaker 3: know the oil companies. 500 00:21:08,280 --> 00:21:10,880 Speaker 2: I go back to the who killed the original electric car? 501 00:21:10,920 --> 00:21:12,840 Speaker 3: This thirty years ago when this story came out and 502 00:21:12,840 --> 00:21:15,320 Speaker 3: it actually happened earlier than that. But yeah, of course 503 00:21:15,400 --> 00:21:19,280 Speaker 3: they're going to defend their needs there, and I don't 504 00:21:19,320 --> 00:21:20,680 Speaker 3: think we're going to see. 505 00:21:20,440 --> 00:21:22,640 Speaker 2: A lot of public outrage or public. 506 00:21:22,359 --> 00:21:24,960 Speaker 3: Demand for it until, as you mentioned, all these data 507 00:21:24,960 --> 00:21:27,359 Speaker 3: centers and things are going to start sucking energy that 508 00:21:27,480 --> 00:21:28,400 Speaker 3: is going to filter through. 509 00:21:28,440 --> 00:21:29,040 Speaker 2: So they're building. 510 00:21:29,080 --> 00:21:31,719 Speaker 3: Somebody's building a big data center up in Trenton, and 511 00:21:31,800 --> 00:21:33,639 Speaker 3: that's going to have a pretty significant impact on the 512 00:21:33,640 --> 00:21:35,520 Speaker 3: local power grid up there, and it's probably going to 513 00:21:35,560 --> 00:21:37,399 Speaker 3: have an impact on the prices people are paying in 514 00:21:37,400 --> 00:21:39,639 Speaker 3: that area. And that's happening all over the country as 515 00:21:39,640 --> 00:21:41,720 Speaker 3: these data centers are becoming more and more important, with 516 00:21:41,760 --> 00:21:44,920 Speaker 3: AI becoming more prevalent. So I think when that starts 517 00:21:45,000 --> 00:21:46,960 Speaker 3: hitting electric bills, you're going to start to see more 518 00:21:47,000 --> 00:21:49,800 Speaker 3: and more demand for you know, maybe let's worry less 519 00:21:49,800 --> 00:21:52,639 Speaker 3: about what nuclear stuff has meant in the past and 520 00:21:52,680 --> 00:21:55,119 Speaker 3: worry about the future because in the benefits that it 521 00:21:55,160 --> 00:21:56,720 Speaker 3: can provide for us. Right now, I don't think we're 522 00:21:56,720 --> 00:21:59,120 Speaker 3: there yet. It's too easy politically to just say let's 523 00:21:59,200 --> 00:21:59,919 Speaker 3: keep pulling oil out. 524 00:22:00,520 --> 00:22:02,720 Speaker 1: Yeah, people will wake up to the reality we're not 525 00:22:02,800 --> 00:22:06,639 Speaker 1: building three mile island type plants anymore. The concerns and 526 00:22:06,720 --> 00:22:10,479 Speaker 1: challenges faced by those are no longer existent with modern 527 00:22:10,520 --> 00:22:13,680 Speaker 1: technology anyway, Brian James, always great having you on. Appreciate 528 00:22:13,680 --> 00:22:15,600 Speaker 1: your willingness to talk about these great topics with my 529 00:22:15,680 --> 00:22:18,199 Speaker 1: listeners me and how they might impact the retirement in future. 530 00:22:18,240 --> 00:22:21,160 Speaker 1: And always recommend, right Brian, get a financial planner sitting 531 00:22:21,200 --> 00:22:22,720 Speaker 1: on your side of the table so you get sound 532 00:22:22,800 --> 00:22:24,480 Speaker 1: advice with a fiduciary obligation. 533 00:22:25,240 --> 00:22:27,720 Speaker 3: Yep, absolutely, that's what we say every day. And keep 534 00:22:27,720 --> 00:22:29,919 Speaker 3: an eye on those Bengals headlines and we'll check in next. 535 00:22:29,800 --> 00:22:32,840 Speaker 1: Week, Yes we will. Thanks Brian, take care of a 536 00:22:32,880 --> 00:22:34,840 Speaker 1: great week. Eight thirty five fifty five care se Detok 537 00:22:34,880 --> 00:22:37,320 Speaker 1: station phone lines well, they will be open if you want.