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Speaker 1: I guess your number one preset on the iHeartRadio app.

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Speaker 2: It makes it easy to stay connected because I just

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Speaker 2: put on the app fifty five KRC the talk station.

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Speaker 3: Tonight, trade tension thaws apparently have happened between the US

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Speaker 3: and China. An investment that was popular when inflation was

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Speaker 3: sky high is back in the is back in the

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Speaker 3: spotlight and more. You're listening to Simply Money, presented by

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Speaker 3: all Worth Financial and Bob Sponseller along with Brian James.

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Speaker 3: We've got some relatively big news to discuss regarding tariffs

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Speaker 3: and trade policy. Look, so let's bring in all Worse

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Speaker 3: Chief Investment Officer Andy Stout. Andy, thanks for joining us tonight.

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Speaker 3: Trade talks between the US and China appear to have

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Speaker 3: gone pretty well over the weekend.

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Speaker 4: Yeah, when we look at what's been going on really

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Speaker 4: over the past week, not really necessarily just over the weekend,

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Speaker 4: but there's definitely been some progress. And I want to

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Speaker 4: call this a long term solution, but what I'll call

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Speaker 4: it is definitely some clear thawing movements in.

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Speaker 5: The right direction.

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Speaker 4: And I would call it really a temporary truce more

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Speaker 4: than any sort of groundbreaking UH deal. But it's truth

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Speaker 4: that will probably see some flare ups over the next

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Speaker 4: uh ever forever, yeah, uh, revisiting them and coming up

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Speaker 4: with additional truths and kind of think of it like

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Speaker 4: a piecemeal solution getting from point A to point B

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Speaker 4: and point B is really just from a big picture perspective,

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Speaker 4: I'll call it an internalization of you know, from a

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Speaker 4: nationalistic point of view, where the US is relying less

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Speaker 4: on the outside world and more on itself in the

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Speaker 4: process of doing so, you know, we're going to piecemeal

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Speaker 4: these trade deals along the way.

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Speaker 6: That that's so, it sounds like this is good news

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Speaker 6: to hear here. Do you feel like this is going

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Speaker 6: to spread to other countries? Is this something that's uh,

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Speaker 6: you know with perhaps Canada or anybody else will will

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Speaker 6: other countries for which we've got a bit of a tiff.

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Speaker 6: Do we think we'll use this as a template or

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Speaker 6: do you think those are all their own individual deals

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Speaker 6: at this point?

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Speaker 4: Well, I think there can be some templates provided, like

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Speaker 4: the deal with Japan from earlier this year.

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Speaker 5: Is a good template.

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Speaker 4: However, China is a beast in and of itself, and

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Speaker 4: I don't think that can really be applied to anywhere else.

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Speaker 4: Just considering the uh just the ongoing butting of heads

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Speaker 4: and tensions where it really does make it unique. And

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Speaker 4: you know, looking at what China actually did in terms

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Speaker 4: of you know, what they conceded and also what the

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Speaker 4: US conceded, you know, it is it's a decent deal

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Speaker 4: for both sides. I mean, I don't think any sides

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Speaker 4: too too happy. All the both leaders President Trump and

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Speaker 4: President Jijiping from China will you.

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Speaker 5: Know, say otherwise.

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Speaker 4: But when you look at what actually is coming out

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Speaker 4: of the deal on the US side, we're getting a

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Speaker 4: few things.

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Speaker 5: We're getting you.

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Speaker 4: We're getting China to commit to buying some soybeans, something

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Speaker 4: they haven't done all year, by the way, essentially cut

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Speaker 4: us off completely. So that was one of the leveraging

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Speaker 4: mechanisms that China employed. But they've committed to buying basically

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Speaker 4: twelve million metric tons of US soybeans for the rest

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Speaker 4: of US here in twenty five million tons for each

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Speaker 4: of the next three years twenty six, twenty seven, and

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Speaker 4: twenty eight. By the way, for some contacts, that's about

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Speaker 4: thirty percent of China's total soybean imports. So that's a

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Speaker 4: big chunk coming from zero to essentially thirty percent of it.

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Speaker 4: China also planned or posits planned restrictions on rare earth exports.

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Speaker 4: These are minerals that go into electronics like microchips, also

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Speaker 4: electronic vehicles. So they had put a pause on that

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Speaker 4: essentially completely their export restrictions that they had in place.

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Speaker 4: And that was another leveraging technique that China employed, was

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Speaker 4: the rare earth minerals as well as I just mentioned soybeans.

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Speaker 4: So these are things China did ahead of time because

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Speaker 4: President Jijiping wasn't going to be taken off guard a

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Speaker 4: second time like he was in President Trump's first term.

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Speaker 4: In return, though, the US got some stuff as well,

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Speaker 4: or the China got some stuff for conceding those points, right.

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Speaker 4: They what the US did was they cut terraffs from

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Speaker 4: the FENTONYL related products if you will, or tariffs from

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Speaker 4: twenty percent down to ten percent. That essentially brought the

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Speaker 4: average Chinese tariff import to forty seven percent, still pretty

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Speaker 4: high overall, especially compared to what it was, you know

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Speaker 4: a number of years ago. That said it is you know,

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Speaker 4: definitely a relief from China when they were being threatened

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Speaker 4: with terrace around one hundred and forty five percent. See,

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Speaker 4: they got the lower tariffs. They also got some easing

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Speaker 4: technology export rules. So China got some stuff, US got

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Speaker 4: some stuff. And again it's not a long term, comprehensive solution.

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Speaker 4: It's something that's going to need to be revisited each year.

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Speaker 4: Expect the occasional flare up followed by these, you know,

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Speaker 4: short term truces, if you will.

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Speaker 3: Andy, don't you think this is all just evidence that

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Speaker 3: that the two countries need one another. I mean, let's

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Speaker 3: face it, you know, President Trump, I know, was starting

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Speaker 3: to get some.

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Speaker 7: Heat from the farmers out in the midwa you know who.

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Speaker 3: Let's face it, they supported him in the last election,

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Speaker 3: and yet you know they're unable to sell their crops.

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Speaker 3: So I know he was getting some heat from those folks. China,

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Speaker 3: on the other hand, they want the US technology exports

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Speaker 3: into their country. I noticed that both sides agreed to

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Speaker 3: suspend port fees on each other's ships.

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Speaker 7: To me, correct me if I'm wrong.

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Speaker 3: Isn't this just an evidence that the two largest economies,

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Speaker 3: you know, despite all the saber rattling and rehetick rhetoric

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Speaker 3: you know in the news media, they.

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Speaker 7: Need each other.

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Speaker 3: And these negotiations will continue along the edges, and it

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Speaker 3: is a competitive situation, but at the end of the day,

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Speaker 3: they at least got in a room together, work some

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Speaker 3: things out, and we move forward.

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Speaker 4: Yeah, I mean, there is definitely like some symbiosis, if

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Speaker 4: you will, where Chinese the US, the US and needs China.

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Speaker 4: People could argue maybe the Chinaese US a little bit

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Speaker 4: more just because we buy so much from them that

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Speaker 4: really juices their overall economy. But at the same time,

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Speaker 4: you know, because we buy from them, that keeps you know,

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Speaker 4: cost lower here in the US. I mean, inflation is

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Speaker 4: already you know, not where anybody really wants it to be,

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Speaker 4: including the Federal Reserve him met last week.

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Speaker 5: So you know, if we.

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Speaker 4: Were totally unreliant on you know, China, we would need

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Speaker 4: to replace those those other inputs from other sources. Because

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Speaker 4: if you couldn't do everything in the US here as

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Speaker 4: much as you know, what everybody wants to from a

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Speaker 4: supply chain perspective, we we'd have to you know, focus

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Speaker 4: more on India and some other countries like that where

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Speaker 4: we might be able to get some cheap goods. And

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Speaker 4: that is not something that you can just flip a

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Speaker 4: light switch on and get done the next day. Even

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Speaker 4: though you are seeing some companies start to do built

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Speaker 4: some factories in India and that it will help, but

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Speaker 4: this is not a near term solution and certainly both

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Speaker 4: countries do need each other right now.

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Speaker 8: Andy, one more question on this topic.

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Speaker 6: So you know, at the risk of counting chickens before

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Speaker 6: they've actually hatched, it sounds like US and China might

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Speaker 6: be coming to an end here. Well, it'll never come

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Speaker 6: to an end, but in a much better spot than

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Speaker 6: the than the absolute freeze out that was recently. So

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Speaker 6: if assuming that continues on, what is the next country

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Speaker 6: or group of countries that you would have in mind

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Speaker 6: that you'd like to see some resolution too that we

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Speaker 6: can move forward.

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Speaker 8: Do you have that thought?

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Speaker 4: Well, I would say Canada and Mexico would be nice

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Speaker 4: right now. I mean, we still have the US NCAA

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Speaker 4: framework in place, and that does exemptly a lot of

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Speaker 4: products coming from Canada Mexico, but it's not finalized. I mean,

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Speaker 4: they're part of two of our biggest trading partners, you know,

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Speaker 4: outside of China, So when you put them all together,

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Speaker 4: those are kind of like the Big Three, if you will.

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Speaker 5: And there's certainly been some tensions with Canada.

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Speaker 4: Lately with the Reagan related advertisement that they ran during

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Speaker 4: the World Series, which obviously President Trump, I'm sure you

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Speaker 4: guys have all heard about it, was not too enthused

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Speaker 4: by that, and essentially President Trump said, yeah, we're not

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Speaker 4: going to talk to Canada more. We're going to just

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Speaker 4: cut off all negotiations. They're going to get, you know,

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Speaker 4: more tariffs on it. But the matter of the fact is,

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Speaker 4: when you look at what's been going on with Canada,

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Speaker 4: if you go back about a year, only about thirty

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Speaker 4: five forty percent of the products we imported from Canada

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Speaker 4: were exempt under the USMCA, so basically really no tariffs.

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Speaker 5: They could have exempted more. The issue is it was

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Speaker 5: just too much of.

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Speaker 4: A paperwork burden for them just because the tariffs that

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Speaker 4: they would pay for the remainder of those goods was

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Speaker 4: about three percent.

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Speaker 5: Basically just nothing. Right.

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Speaker 4: Then President Trump came in and up to the tariff.

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Speaker 4: So now about eighty percent of the product coming from

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Speaker 4: Canada are exempt under the US.

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Speaker 5: Mexico Canada Agreement.

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Speaker 4: So that is a move in the right directions from

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Speaker 4: Canada's perspective, But we still have a lot of tariffs

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Speaker 4: outstanding with Canada.

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Speaker 5: And you know, I'm not.

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Speaker 4: Necessarily anti or pro tariffs or anything like that, but

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Speaker 4: one on pro is definitely trade agreements and the ability

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Speaker 4: for the countries to get along, because that's going to

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Speaker 4: benefit everyone.

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Speaker 5: So I would love to see US get Mexico and.

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Speaker 4: Canada, you know, kind of we already pretty much have

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Speaker 4: Japan and England. Europe's not quite a done deal, but

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Speaker 4: you know, the other areas I would focus on furk

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Speaker 4: are definitely Canada Mexico.

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Speaker 3: All right, dandy, let's switch gears and talk about this

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Speaker 3: government shutdown, which you know has the potential here a

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Speaker 3: few days to become the longest shut down in American history.

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Speaker 3: At what point, if at all, do you think this

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Speaker 3: shutdown might impact the financial markets. I mean, so far

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Speaker 3: stock and bond market are hanging in there just fine.

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Speaker 3: I mean, I think the markets are anticipating this is

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Speaker 3: all going to come to an end. At what point

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Speaker 3: does it start to impact things?

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Speaker 4: Well, it'll start to impact things, you know, once you

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Speaker 4: get to the point where these job losses from the

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Speaker 4: shutdown on another temporary job losses, but once that really

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Speaker 4: flows through to the broad economy, and maybe these job

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Speaker 4: losses become permanent for whatever reason you see, maybe you

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Speaker 4: even see a permanent hit to consumer spending, and that's

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Speaker 4: going to away on just overall corporate profits and earnings.

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Speaker 5: You know, we're not there yet.

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Speaker 4: The thinking is that basically, once the government does reopen,

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Speaker 4: you're gonna see a bounce back in you know, consumer spending,

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Speaker 4: and a bounce back and labor in a few other areas.

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Speaker 4: So when you look at it from that perspective, the

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Speaker 4: conda starts seeing this is really just a temporary setback

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Speaker 4: with a rebound expected once it reopens. Now, how long

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Speaker 4: would the shutdown go on?

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Speaker 5: I mean it.

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Speaker 4: Could and tomorrow, loo could end the next month. I mean,

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Speaker 4: there's been virtually no movement. There's obviously a lot of tensions,

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Speaker 4: especially lately regarding you know, the snap benefits.

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Speaker 5: So we'll see how this all plays out.

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Speaker 4: But right now the markets are looking through it, and

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Speaker 4: they'll probably keep looking through it and looking past it

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Speaker 4: for some time because they view it as temporary.

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Speaker 3: All Right, in about the minute and a half we

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Speaker 3: got left, I mean, let's at least touch on corporate earnings.

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Speaker 3: About two thirds of companies have reported their third quarter earnings,

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Speaker 3: and the results have been solid. Any surprises from what

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Speaker 3: you're seeing from earning its earnings announcements, and then our.

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Speaker 7: Question we always ask you every week, is anything keeping

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Speaker 7: you up at night?

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Speaker 4: So in terms of earnings, it's been a very good

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Speaker 4: earning season. We're, you know, roughly sixty four percent of

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Speaker 4: the S and P five hundred, which are large cap companies,

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Speaker 4: have report of profits. So far, we're about an eighty

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Speaker 4: three percent beat rate meeting eighty three percent of the

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Speaker 4: companies that have reported have topped those analysts essa. That's

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Speaker 4: the highest rate by just a few tens of a percent,

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Speaker 4: by the way, but that's still the highest since twenty twenty.

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Speaker 4: And when we look at where earnings are currently, they're

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Speaker 4: about thirteen percent higher compared to the past year. When

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Speaker 4: we started earning season, Wall Street expected about a seven

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Speaker 4: and a half percent growth rate, so we're almost doubling that.

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Speaker 4: So things have been pretty solid overall. You look at margins,

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Speaker 4: you know they're holding study, you know, even as costs

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Speaker 4: are elevated, which is impressive, right, But when we look

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Speaker 4: at what's just happened last week, last week was a

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Speaker 4: huge week for earnings. We had a lot of megacap

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Speaker 4: tech companies report. We had updates from Apple, Amazon, Meta,

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Speaker 4: Microsoft Alpha that by and large they did pretty good

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Speaker 4: except for Meta, and when I would think about the

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Speaker 4: whole make a cap space, Essentially, what we're seeing is

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Speaker 4: that executives are spending heavily on AI and data infrastructure,

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Speaker 4: but they're doing.

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Speaker 5: It more with a ROI or return on investment front

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Speaker 5: and center.

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Speaker 4: So instead of spending for spending sake on AI, uh,

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Speaker 4: they're actually.

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Speaker 5: Spending for a reason.

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Speaker 4: So essentially we're seeing a shift from AI euphoria to

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Speaker 4: AI execution. And that's pretty much the theme of earning season,

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Speaker 4: you know, as far as you know, what's keeping me

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Speaker 4: up at night? Uh, well, seeing the Bengals just blow that.

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Speaker 4: Uh you see Bearcats my Alma Modern following short as well. Uh,

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Speaker 4: you know that definitely kept me up since I was,

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Speaker 4: you know, staying up to watch it. It was a late start,

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Speaker 4: so admittedly I didn't make it through the whole game, especially,

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Speaker 4: you know, seeing how the game quickly evolved or maybe

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Speaker 4: devolved is the better word there.

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Speaker 7: All Right, one major stock is splitting ten for one.

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Speaker 3: Is that a buy signal or just nothing to really

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Speaker 3: pay attention to and a safe investment just tick back

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Speaker 3: over four percent yield. We'll tell you what it is

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Speaker 3: and whether it deserves a spot in your portfolio. You're

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Speaker 3: listening to Simply Money, presented by all Worth Financial on

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Speaker 3: fifty five KRC, the Talk Station.

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Speaker 2: Our calendar never reads no event schedule. It's going to

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Speaker 2: be an eventful day.

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Speaker 9: Check in, events are happening for the days, events, government

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Speaker 9: shutdown from tariffy, immigration.

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Speaker 10: Enforcement, build a better Middle East every day around the clock,

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Speaker 10: fifty five KRC, The Talk Station.

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Speaker 11: Allworth Financial a registered investment advisory firm. Any ideas presented

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Speaker 11: during this program are not intended to provide specific financial advice.

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Speaker 11: You should consult your own financial advisor, tax consultant, or

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Speaker 11: a state planning attorney to conduct your own due diligence.

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Speaker 3: You're listening to Simply Money, presented by all Worth Financial

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Speaker 3: on Bob Sponsller along with Brian James. If you can't

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Speaker 3: listen to Simply Money every night, subscribe and get our

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Speaker 3: daily podcast. And if you think your friends or family

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Speaker 3: could use some financial advice, just tell them about us

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Speaker 3: as well. Search Simply Money on the iHeart app or

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Speaker 3: or wherever you find your podcast. Straight ahead of six

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Speaker 3: forty three. We're answering your questions about liquidity premiums, active

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Speaker 3: investment management, and why index fund investors like you might

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Speaker 3: be rethinking your strategy. Well, the US Treasury just announced

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Speaker 3: new rates for Series I savings bonds and they nudged

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Speaker 3: up just slightly. If you're still holding eyebonds or considering

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Speaker 3: buying more, here's what you need to know about the

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Speaker 3: new rate, what it means, and how these bonds really work.

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Speaker 3: Brian take us through this one.

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Speaker 6: Well, Bob, if that lead in led any of our

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Speaker 6: listeners to get excited briefly that we might be back

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Speaker 6: to the nine percent rates of a few years ago,

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Speaker 6: well you can excel.

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Speaker 8: That's not quite where we are, but they are over

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Speaker 8: four percent.

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Speaker 6: So from now until April thirtieth, ay newly purchased eyebond,

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Speaker 6: it'll get you about four point zero three eight percent.

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Speaker 6: That's up slightly from the three ninety eight offered at

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Speaker 6: the end of October. So if you looked at that

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Speaker 6: three ninety eight and said, don't waste my money, then

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Speaker 6: all of a sudden you're looking at that four h

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Speaker 6: three going hey, that's for me, So I don't think

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Speaker 6: it's gonna change anybody's lives. But it's good to see

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Speaker 6: keep up on these headlines. So remember back in May

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Speaker 6: of twenty two, that's what I was just referring to there.

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Speaker 6: That was when the Treasury set the composite rate at

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Speaker 6: nine point six per two percent, which is is and

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Speaker 6: remains a record. Of course, investors rushed in, Bob, and

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Speaker 6: I had lots of conversations.

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Speaker 8: With people about that.

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Speaker 6: And again, these aren't the types of things you can

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Speaker 6: throw tens of millions of dollars in. There's limits on

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Speaker 6: how much you can throw in. So it's almost like

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Speaker 6: you want to do it for fun, have a little

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Speaker 6: money carved out and something like that, then go ahead,

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Speaker 6: But it's this is not something that's going to take

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Speaker 6: you from financial failure to financial success.

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Speaker 7: It can put you in a slightly better situation though.

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Speaker 3: Yeah, I mean this is just a call out on

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Speaker 3: the new rate, just for those that do keep track

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Speaker 3: of this stuff. And like you said, the investment, you know,

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Speaker 3: amounts that you could put into this or minimal. There's

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Speaker 3: lock uprates. I mean, I personally don't see a big

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Speaker 3: upside in being involved in these things with new money

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Speaker 3: in this environment. But again we're just at least making

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Speaker 3: you aware of what the rates are a little bit

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Speaker 3: more potential. Big news in the market Netflix, Brian announced

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Speaker 3: a ten for one stock split. A stock split for

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Speaker 3: everybody that forgets about what that is. It's when a

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Speaker 3: company increases a number of its standing shares by issuing

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Speaker 3: additional shares to current shareholders. And it's really just a

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Speaker 3: it's really just a shell game, you know, to some extent,

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Speaker 3: because it reduces the share price proportionally. For example, for

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Speaker 3: a ten for one split, everyone share becomes ten shares

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Speaker 3: and the price gets divided by ten. So, Brian, this happens,

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Speaker 3: you know, frequently for stocks that have done well, the

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Speaker 3: price has gone up. I mean, let's face it, Netflix shares,

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Speaker 3: we're trading it over one thousand dollars each at prices

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Speaker 3: some people out of the market, you know, especially younger,

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Speaker 3: smaller investors that are trying to get started and might

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Speaker 3: want to own some Netflix.

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Speaker 7: Now it makes it more palatable for them.

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Speaker 6: Yeah, and so we haven't heard a big one of

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Speaker 6: these in a while, but that that's pretty much the

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Speaker 6: reason they did it. Now, if you think of you

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Speaker 6: followed along the math that Bob did there, you're the

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Speaker 6: dollar amount that you have before the split does not change.

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Speaker 6: After the split, you simply have more shares at a

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Speaker 6: lower price instead of fewer shares at a higher price.

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Speaker 6: So that but the dollar amount of the total investment

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Speaker 6: does not change. It is really somewhat cosmetic. There are

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Speaker 6: rules and things, as you said, and some of the

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Speaker 6: investment plans out there if you're if you're just an

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Speaker 6: average investor, though, then it might be cost you a

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Speaker 6: little bit less to take a position in that. But

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Speaker 6: rest assured this Netflix is doing this for their for

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Speaker 6: their own benefit.

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Speaker 1: Uh.

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Speaker 6: And that translates to the investor through because now you

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Speaker 6: know there's just more availability by different investors to to

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Speaker 6: to buy into the stock. So historically speaking, we we've

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Speaker 6: had we got a big company here in town. Proctor

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Speaker 6: and Gamble does this all the time, and a lot

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Speaker 6: of people talk about the great split of whatever, of

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Speaker 6: all of ought six or whatever it does pre Proctery

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Speaker 6: Gamble is a great example. But again, the split itself

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Speaker 6: doesn't trigger more value in the investment. It just makes

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Speaker 6: it a little more palatable, and they does. Procty Gamble

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Speaker 6: has a long history in that of a growing past

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Speaker 6: that split. But that's again that's because of the business

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Speaker 6: that they are not because of this, you know, expert

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Speaker 6: financial wizardry of executing these splits to begin with.

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Speaker 3: Yeah, and this is just a reminder that, you know,

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Speaker 3: when these splits happen, it's great, you know, it makes headlines,

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Speaker 3: but you still got to stay focused on the fundamentals

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Speaker 3: and the underlying company. You know, in the case of Netflix,

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Speaker 3: how is subscriber growth trending? You know, are they putting

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Speaker 3: out new content that people actually want to watch? Is

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Speaker 3: their margin pressure on the stock? Are there any new

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Speaker 3: competitors that are taking market share? Those are the things

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Speaker 3: that people should be focused on. And Brian, we see

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Speaker 3: this sometimes post split. You know, when some smaller investors

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Speaker 3: can get involved, that can increase in the short term

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Speaker 3: the volatility of stocks like this because people speculate, wow,

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Speaker 3: I can buy Netflix now, you know, and they'll pile

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Speaker 3: in again younger, less savvy investors. In the very very

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Speaker 3: short term, these can you know, behave a little bit

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Speaker 3: likenme stocks. And so if you're a long term holder

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Speaker 3: of Netflix, and let's face it, the stock has done wonderfully,

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Speaker 3: you know, we're.

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Speaker 7: Just pointing this out.

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Speaker 3: Now is a good time to be aware of what's

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Speaker 3: going on, and if it's time to maybe trim a

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Speaker 3: little bit off the top in terms of your gains,

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Speaker 3: or you might be wondering what just happened or why

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Speaker 3: some additional volatility might be happening in the stock.

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Speaker 6: Well here's why, right, And so let's look at some

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Speaker 6: other examples from recent history too. So again, why companies

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Speaker 6: do this? And Vidia mactervat June of twenty four was

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Speaker 6: a good month for first splitz and Vidia had climbed

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Speaker 6: above a thousand bucks a share and split ten for one.

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Speaker 6: So now all of a sudden, the share price was

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Speaker 6: closer to one hundred dollars a share. That made it

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Speaker 6: more accessible. And when you're a stock like video where

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Speaker 6: everybody wants you, everybody wants you on their dance card. Well,

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Speaker 6: now if it's one hundred bucks versus one thousand dollars,

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Speaker 6: then it becomes a lot more attractive.

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Speaker 7: More people will pull the trigger, so you get.

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Speaker 6: A lot more investment out of those smaller retail investors.

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Speaker 6: Chipotle in that same month performed one of the largest

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Speaker 6: splits in history at a fifty for one because shares

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Speaker 6: had right reached over three thousand bucks a piece before

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Speaker 6: that split, and then afterwards that lower share price. Of course,

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Speaker 6: same reaction drew in more retail buyers and employees exercising options.

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Speaker 6: Amazon Alphabet, Apple itself has split five times since nineteen

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Speaker 6: eighty seven, including a four for one and twenty twenty hoping,

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Speaker 6: and it's really retail participation. The liquidity increases, it's easier

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Speaker 6: to get into the stock tesla.

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Speaker 8: Same thing.

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Speaker 6: Even on the other hand, we've got Berkshire Hathaway has

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Speaker 6: refused to split those Class A shares, which are now

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Speaker 6: over six hundred thousand dollars. They want to discourage short

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Speaker 6: term trading. So what they did there was they created

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Speaker 6: just a whole other share class. That's why when you

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Speaker 6: look up Burkshire Hathaway you see the A versus the B.

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Speaker 6: It's ultimately the same business, but one of them comes

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Speaker 6: at a lower price that's used for smaller investors. It

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Speaker 6: almost functions like a mutual fund. Different share classes.

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Speaker 3: Well, and those Class B shares a Birchshire Hathaway aren't

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Speaker 3: exactly ten dollars a share either.

439
00:21:15,280 --> 00:21:16,680
Speaker 8: But they're not six hundred thousand.

440
00:21:16,880 --> 00:21:19,920
Speaker 7: Nope, nope, All right, switch your gears here.

441
00:21:20,000 --> 00:21:23,080
Speaker 3: Let's say you've got a great financial plan, and you

442
00:21:23,200 --> 00:21:26,520
Speaker 3: might be on the verge of even retiring. Is it

443
00:21:26,640 --> 00:21:30,160
Speaker 3: time to downsize your home? We're gonna explore that question next.

444
00:21:30,359 --> 00:21:32,960
Speaker 3: You're listening to Simply Money, presented by all Worth Financial

445
00:21:33,000 --> 00:21:35,879
Speaker 3: on fifty five KRC the Talk station.

446
00:21:36,880 --> 00:21:39,560
Speaker 2: There's a lot of stuff happened for store, law and order.

447
00:21:39,600 --> 00:21:42,440
Speaker 2: We'll going in at Russia and poot tariffs. And you

448
00:21:42,600 --> 00:21:45,199
Speaker 2: got a lot of stuff to do, work, stuff, the

449
00:21:45,240 --> 00:21:46,840
Speaker 2: kid's sports, stuff, stuff around the house.

450
00:21:46,880 --> 00:21:49,520
Speaker 12: So we'll stuff at all into news updates, check you

451
00:21:49,560 --> 00:21:50,600
Speaker 12: and often this stuff.

452
00:21:50,680 --> 00:21:53,160
Speaker 2: Fifty five KRC the Talk station.

453
00:21:53,600 --> 00:21:54,520
Speaker 7: More than a few of our.

454
00:21:54,440 --> 00:21:57,480
Speaker 2: Patients five KRC and iHeartRadio station.

455
00:22:02,160 --> 00:22:04,720
Speaker 3: You're listening to Simply Money, presented by all Worth Financial.

456
00:22:04,800 --> 00:22:08,440
Speaker 3: I'm Bob sponseller along with Brian James, joined tonight by

457
00:22:08,440 --> 00:22:12,680
Speaker 3: our real estate expert Michelle Sloan, owner of Remax Time

458
00:22:13,160 --> 00:22:14,680
Speaker 3: and Michelle, I know tonight you.

459
00:22:14,640 --> 00:22:16,960
Speaker 7: Want to talk about the whole topic.

460
00:22:16,640 --> 00:22:20,440
Speaker 3: Of downsizing and I'm I'm really interested and fascinated to

461
00:22:20,440 --> 00:22:23,280
Speaker 3: hear your thoughts on this because it's a topic that

462
00:22:23,359 --> 00:22:26,159
Speaker 3: comes up all the time in our office with clients,

463
00:22:26,320 --> 00:22:31,200
Speaker 3: you know, heading into retirement. Should we downsize our home and.

464
00:22:31,119 --> 00:22:34,800
Speaker 13: The important question is where do we go if we downsize?

465
00:22:34,840 --> 00:22:38,879
Speaker 13: And what is that quote unquote downsizing really costs. At

466
00:22:38,920 --> 00:22:41,200
Speaker 13: the end of the day, I've seen a few interesting

467
00:22:41,240 --> 00:22:43,160
Speaker 13: things come across my desk, but I want to hear

468
00:22:43,200 --> 00:22:44,359
Speaker 13: your thoughts on this topic.

469
00:22:45,320 --> 00:22:49,200
Speaker 9: Okay, So downsizing, or as I like to call it,

470
00:22:49,560 --> 00:22:56,400
Speaker 9: right sizing. So I personally, so I'm hitting a big

471
00:22:56,440 --> 00:22:59,120
Speaker 9: birthday this year in just a couple of weeks actually,

472
00:22:59,720 --> 00:23:02,000
Speaker 9: and so it was time for me.

473
00:23:02,800 --> 00:23:03,960
Speaker 8: To be thirty years old.

474
00:23:04,000 --> 00:23:06,480
Speaker 7: Michelle, you don't have to be embarrassed by that.

475
00:23:06,680 --> 00:23:11,639
Speaker 9: So sweet, I'm only forty two. But anyway, I'm kidding,

476
00:23:13,040 --> 00:23:17,280
Speaker 9: really kidding, that's not fair. I've been in business for

477
00:23:17,560 --> 00:23:21,639
Speaker 9: twenty years, in real estate twenty years, and before that,

478
00:23:21,720 --> 00:23:25,840
Speaker 9: I was in radio and television for twenty years. So

479
00:23:27,160 --> 00:23:32,119
Speaker 9: the big six in kindergarten real estate. Yeah, right, so

480
00:23:32,160 --> 00:23:34,760
Speaker 9: it's kind of crazy. But anyway, so Scott and I

481
00:23:34,920 --> 00:23:40,120
Speaker 9: actually we just recently this summer right size from a

482
00:23:40,160 --> 00:23:42,760
Speaker 9: two story home where we where our kids grew up,

483
00:23:42,800 --> 00:23:47,639
Speaker 9: where we lived for twenty years, and into a ranch

484
00:23:47,680 --> 00:23:48,520
Speaker 9: style property.

485
00:23:49,160 --> 00:23:51,160
Speaker 7: There are a lot of people.

486
00:23:50,920 --> 00:23:54,600
Speaker 9: In the sixty to sixty five, sixty to sixty seventy

487
00:23:54,800 --> 00:23:58,960
Speaker 9: price range or price range, age range. I was going

488
00:23:59,040 --> 00:24:03,639
Speaker 9: to say, no, sixty to se See, that's what happens

489
00:24:03,640 --> 00:24:04,320
Speaker 9: to your brain.

490
00:24:04,080 --> 00:24:08,760
Speaker 7: When you get old. We lose it for you. Yeah.

491
00:24:08,800 --> 00:24:11,840
Speaker 9: Well so anyway, so you know, we did.

492
00:24:12,240 --> 00:24:12,920
Speaker 7: We made a move.

493
00:24:13,000 --> 00:24:15,480
Speaker 9: After twenty years, our kids grew up in the two

494
00:24:15,600 --> 00:24:18,879
Speaker 9: story home. It's time to move to something that's a

495
00:24:18,920 --> 00:24:21,040
Speaker 9: little bit smaller. But of course it didn't end up

496
00:24:21,080 --> 00:24:24,040
Speaker 9: being a little bit smaller. We wanted it to be

497
00:24:24,080 --> 00:24:27,000
Speaker 9: a little bit less expensive. It was a little more expensive.

498
00:24:27,440 --> 00:24:29,680
Speaker 9: I think this is what you're talking about, because when

499
00:24:29,720 --> 00:24:32,359
Speaker 9: we want to downsize, it doesn't mean that you're going

500
00:24:32,440 --> 00:24:34,080
Speaker 9: to be spending less.

501
00:24:34,600 --> 00:24:36,639
Speaker 7: Yeah, no such thing as a financial day. And you

502
00:24:37,080 --> 00:24:39,560
Speaker 7: took the words out of my mouth, Michelle. I run

503
00:24:39,600 --> 00:24:41,000
Speaker 7: into this all the time.

504
00:24:41,080 --> 00:24:43,560
Speaker 3: But go ahead, you know, talk about the factors that

505
00:24:44,280 --> 00:24:46,439
Speaker 3: you and your husband, you know, looked at because I

506
00:24:46,480 --> 00:24:49,360
Speaker 3: know you're both you know, intelligent people, and you're obviously

507
00:24:49,400 --> 00:24:52,280
Speaker 3: a professional in this field. One of the things that

508
00:24:52,320 --> 00:24:56,280
Speaker 3: you really started to evaluate before pulling the trigger on

509
00:24:56,359 --> 00:24:58,919
Speaker 3: this quote unquote downsizing or right sizing.

510
00:24:59,400 --> 00:25:01,480
Speaker 9: Well, we want to to talk about the cash and

511
00:25:01,520 --> 00:25:04,040
Speaker 9: equity that we did have the house that we lived

512
00:25:04,040 --> 00:25:07,800
Speaker 9: in was paid off, so we knew that by selling

513
00:25:07,840 --> 00:25:10,480
Speaker 9: that home we would have a large chunk of money.

514
00:25:10,880 --> 00:25:13,840
Speaker 8: Did we want to pay cash for that next property?

515
00:25:13,960 --> 00:25:14,720
Speaker 7: Absolutely?

516
00:25:15,080 --> 00:25:15,879
Speaker 2: Could we do that?

517
00:25:16,840 --> 00:25:19,480
Speaker 9: No, I still had to get a small loan. I

518
00:25:19,520 --> 00:25:22,159
Speaker 9: don't love the idea of getting a loan at seven percent,

519
00:25:22,320 --> 00:25:26,159
Speaker 9: But you know what, it was time and we've you know,

520
00:25:26,280 --> 00:25:31,439
Speaker 9: sometimes you just know when it's time. Emotionally, it has

521
00:25:32,280 --> 00:25:34,680
Speaker 9: to hit all of those buttons. It has to hit

522
00:25:34,720 --> 00:25:38,320
Speaker 9: the emotional button, the financial button. You have to be

523
00:25:38,440 --> 00:25:42,040
Speaker 9: flexible in your location, and you do want to talk

524
00:25:42,080 --> 00:25:46,399
Speaker 9: about costs because as we are going into our the

525
00:25:46,560 --> 00:25:52,560
Speaker 9: years where we're considering retiring, then we have to think about, Okay,

526
00:25:52,600 --> 00:25:54,639
Speaker 9: am I going to be able to afford this home

527
00:25:55,119 --> 00:25:58,399
Speaker 9: moving forward? So there's a lot of questions that you

528
00:25:58,480 --> 00:26:01,399
Speaker 9: have to ask yourself. And it just so happened that

529
00:26:01,440 --> 00:26:06,480
Speaker 9: a property came along, thankfully, someone I knew so off market.

530
00:26:06,600 --> 00:26:09,160
Speaker 9: I was really I was able to sort of pull

531
00:26:09,200 --> 00:26:12,440
Speaker 9: some strings within my networks find a home that I

532
00:26:12,560 --> 00:26:16,720
Speaker 9: found off market. We purchased that home and was able

533
00:26:16,760 --> 00:26:20,119
Speaker 9: to sell our home simultaneously, and it all worked out great.

534
00:26:20,520 --> 00:26:21,600
Speaker 14: But it takes a.

535
00:26:21,760 --> 00:26:25,719
Speaker 9: Lot, a lot of planning. So if if you're someone

536
00:26:25,840 --> 00:26:29,040
Speaker 9: or you know someone who is in the market right

537
00:26:29,080 --> 00:26:35,199
Speaker 9: now to downsize or write size, planning, planning, planning with

538
00:26:35,280 --> 00:26:38,840
Speaker 9: your real estate agent, with your financial advisor, to find

539
00:26:38,880 --> 00:26:41,119
Speaker 9: out where you want to go. Do you want to

540
00:26:41,119 --> 00:26:42,800
Speaker 9: be closer to your kids or do you want to

541
00:26:42,840 --> 00:26:45,840
Speaker 9: move far far away from your kids? Do you want

542
00:26:45,840 --> 00:26:49,320
Speaker 9: to spend more money? Can you spend more money or

543
00:26:49,359 --> 00:26:52,600
Speaker 9: spend less money? And that location of where you're going

544
00:26:52,640 --> 00:26:55,520
Speaker 9: to be moving to is that other aspect of how

545
00:26:55,600 --> 00:26:57,880
Speaker 9: much money are you going to spend? Do you want

546
00:26:57,920 --> 00:26:59,639
Speaker 9: to live on a golf course? Do you want to

547
00:26:59,680 --> 00:27:02,159
Speaker 9: live do you want to have a swimming pool? You know,

548
00:27:02,280 --> 00:27:06,080
Speaker 9: what is your lifestyle look like as you move into

549
00:27:06,160 --> 00:27:06,760
Speaker 9: the future.

550
00:27:07,400 --> 00:27:09,359
Speaker 6: Yeah, Michelle, I really like the way you put that,

551
00:27:09,440 --> 00:27:12,119
Speaker 6: the way you went through that process for your own family,

552
00:27:12,160 --> 00:27:14,600
Speaker 6: because yes, the spreadsheet is important. It is important that

553
00:27:14,680 --> 00:27:16,719
Speaker 6: we can afford our lifestyles, and that of course includes

554
00:27:16,720 --> 00:27:19,719
Speaker 6: wherever that we live. But at the same time that

555
00:27:19,800 --> 00:27:22,320
Speaker 6: should not I don't ever want the spreadsheet to drive

556
00:27:22,359 --> 00:27:24,840
Speaker 6: a decision unless it's truly a dire financial plan. What

557
00:27:24,880 --> 00:27:26,600
Speaker 6: I mean by that is I don't want people going

558
00:27:26,600 --> 00:27:29,440
Speaker 6: well interest rates are high right now, So therefore we're

559
00:27:29,440 --> 00:27:31,400
Speaker 6: going to hold off on moving into our dream home,

560
00:27:31,440 --> 00:27:33,919
Speaker 6: even though we've always wanted to do that. If the

561
00:27:33,960 --> 00:27:36,320
Speaker 6: math works, do it, because you can always figure, you

562
00:27:36,320 --> 00:27:38,520
Speaker 6: can always refinance and that kind of thing later. So

563
00:27:38,720 --> 00:27:40,680
Speaker 6: you know, I wouldn't want anybody saying, well, now the

564
00:27:40,680 --> 00:27:42,320
Speaker 6: interest rates are finally where I want them to be,

565
00:27:42,400 --> 00:27:43,880
Speaker 6: so now I'm going to move into my beach home

566
00:27:43,880 --> 00:27:45,160
Speaker 6: with the tender age of eighty five.

567
00:27:45,400 --> 00:27:47,080
Speaker 8: But we don't want to put it out.

568
00:27:46,920 --> 00:27:49,800
Speaker 9: Well, and if you could be waiting a long time,

569
00:27:49,960 --> 00:27:52,400
Speaker 9: you know, we look into the crystal ball of what

570
00:27:52,480 --> 00:27:55,040
Speaker 9: mortgage rates are going to look like a month from now,

571
00:27:55,080 --> 00:27:57,240
Speaker 9: three months from now, they may.

572
00:27:57,119 --> 00:27:58,200
Speaker 7: Fluctuate a little bit.

573
00:27:58,800 --> 00:28:01,879
Speaker 9: I personally don't ever think we're gonna see three percent

574
00:28:01,960 --> 00:28:06,720
Speaker 9: as a mortgage rate. Ever, again, it put us into

575
00:28:06,760 --> 00:28:12,080
Speaker 9: a situation where it was great. It made the whole

576
00:28:12,160 --> 00:28:16,200
Speaker 9: market flourish for a while. But now so many people

577
00:28:16,280 --> 00:28:19,240
Speaker 9: that are holding onto those really low rates don't want

578
00:28:19,280 --> 00:28:22,720
Speaker 9: to make a move because they feel like they're stuck.

579
00:28:23,800 --> 00:28:27,040
Speaker 9: And that's a conversation, you're right, that I always have

580
00:28:27,200 --> 00:28:30,320
Speaker 9: with my clients, is okay, if you feel stuck because

581
00:28:30,359 --> 00:28:33,479
Speaker 9: you have one hundred thousand dollars at three percent, and

582
00:28:33,520 --> 00:28:37,320
Speaker 9: you would need to borrow maybe three hundred thousand dollars

583
00:28:37,359 --> 00:28:38,360
Speaker 9: at seven percent.

584
00:28:39,560 --> 00:28:41,880
Speaker 8: Okay, it's part of the equation.

585
00:28:42,320 --> 00:28:44,800
Speaker 9: And so if you're ready and you can afford it,

586
00:28:45,080 --> 00:28:48,000
Speaker 9: I always say, don't wait to live your life. And

587
00:28:48,040 --> 00:28:49,600
Speaker 9: that's the same with real estate.

588
00:28:50,280 --> 00:28:53,560
Speaker 6: That's the same with retirement planning too, right, it's the

589
00:28:53,640 --> 00:28:56,200
Speaker 6: same with you need to run down to Athens, Ohio

590
00:28:56,240 --> 00:28:58,800
Speaker 6: this weekend and get that little bungalow.

591
00:28:58,880 --> 00:29:02,760
Speaker 7: Your little parties help you. I can help move by that.

592
00:29:03,200 --> 00:29:07,280
Speaker 3: See, Michelle will have you under contract by Saturday night.

593
00:29:07,400 --> 00:29:10,960
Speaker 3: This is all working out well for everybody. My Michelle

594
00:29:10,960 --> 00:29:12,320
Speaker 3: goes there more often than I do.

595
00:29:12,360 --> 00:29:14,960
Speaker 6: We've got one more week of an empty apartment until

596
00:29:14,960 --> 00:29:16,960
Speaker 6: our daughter moves back in, and we're both sad.

597
00:29:17,960 --> 00:29:20,040
Speaker 3: All right, Hey, Michelle, in the minute we got left,

598
00:29:20,240 --> 00:29:22,400
Speaker 3: walk us through if you could think of, you know,

599
00:29:22,520 --> 00:29:25,320
Speaker 3: maybe a horror story if somebody didn't do the planning,

600
00:29:25,440 --> 00:29:28,960
Speaker 3: didn't think ahead, made a rash decision and regretted it later.

601
00:29:29,040 --> 00:29:31,280
Speaker 3: You got any stories like that that you can share,

602
00:29:31,320 --> 00:29:33,920
Speaker 3: where you know the thing kind of the watch out.

603
00:29:34,120 --> 00:29:36,959
Speaker 9: Well, the one thing was I did have a client

604
00:29:37,040 --> 00:29:40,920
Speaker 9: who moved out of state, moved to Florida and hated

605
00:29:40,960 --> 00:29:44,560
Speaker 9: it and missed their family here. Now they had to

606
00:29:44,640 --> 00:29:48,240
Speaker 9: live that, live through that, but after six months they

607
00:29:48,280 --> 00:29:53,120
Speaker 9: wanted to move back. Well, financially, if you try to

608
00:29:53,200 --> 00:29:58,320
Speaker 9: sell a property within the first year or two, most

609
00:29:58,480 --> 00:30:01,680
Speaker 9: likely you're not going to make money on your investment.

610
00:30:01,760 --> 00:30:03,680
Speaker 9: You have to be able to be in a home

611
00:30:03,720 --> 00:30:06,520
Speaker 9: for a while. They just got to Florida and they're like, gosh,

612
00:30:06,560 --> 00:30:11,720
Speaker 9: it's really hot down here. This is unbearable. Tell me that,

613
00:30:12,080 --> 00:30:14,200
Speaker 9: and there's a lot of traffic. So if you're going

614
00:30:14,280 --> 00:30:17,240
Speaker 9: to make a big move somewhere you've never been before,

615
00:30:17,800 --> 00:30:22,080
Speaker 9: I recommend going and spending a month somewhere and see

616
00:30:22,080 --> 00:30:25,280
Speaker 9: if you really like it before you invest big dollars

617
00:30:25,440 --> 00:30:26,920
Speaker 9: into buying a property.

618
00:30:27,160 --> 00:30:27,880
Speaker 8: I think date.

619
00:30:27,760 --> 00:30:31,200
Speaker 7: Before you get married, right, Michelle.

620
00:30:30,840 --> 00:30:31,160
Speaker 15: All right?

621
00:30:31,240 --> 00:30:34,680
Speaker 3: Great stuff is always from Michelle Sloan, owner of Remax Time.

622
00:30:34,800 --> 00:30:36,960
Speaker 7: Thank you so much Michelle for joining us tonight.

623
00:30:37,000 --> 00:30:40,120
Speaker 3: You're listeningly Money presented by all Worth Financial on fifty

624
00:30:40,120 --> 00:30:42,240
Speaker 3: five KRC, the talk station.

625
00:30:43,720 --> 00:30:44,840
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626
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627
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Speaker 2: Your countries are going to hell. Something in our country,

628
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Speaker 2: Charlie Kirk, I forgive them Antifa across.

629
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Speaker 9: This country would be Trump ass and Ryan Ruth guilty

630
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631
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633
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Speaker 2: always something, Yes, I do. It's a very important moment.

634
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635
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637
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Speaker 17: Visit tryhealth dot com and buy but late, easy to drink.

660
00:32:38,640 --> 00:32:39,719
Speaker 2: Easy to enjoy.

661
00:32:40,640 --> 00:32:44,080
Speaker 17: This is the R and L Carriers pregame show R

662
00:32:44,120 --> 00:32:47,400
Speaker 17: and L Carriers. Visit RLC dot com and make R

663
00:32:47,440 --> 00:32:52,760
Speaker 17: and L Carriers your global transportation provider. Now Here are

664
00:32:52,920 --> 00:32:55,040
Speaker 17: Joe Sunderman and Byron Larkin.

665
00:32:56,640 --> 00:32:59,160
Speaker 18: Hello everyone, and welcome to Centas Center on the campus

666
00:32:59,160 --> 00:33:02,600
Speaker 18: of Xave Universe in Cincinnati, Ohio. Tonight, in the season opener,

667
00:33:02,680 --> 00:33:04,440
Speaker 18: Xavier takes on Barris University.

668
00:33:04,800 --> 00:33:09,800
Speaker 19: Welcome to the new era in Xavier basketball. Now after

669
00:33:09,840 --> 00:33:13,120
Speaker 19: winning twenty two games and advancing to the NCAA Tournament,

670
00:33:13,200 --> 00:33:17,560
Speaker 19: Sean Miller abruptly leaves for Texas, the team that he

671
00:33:17,680 --> 00:33:21,080
Speaker 19: defeated one week prior to his announcement. Xavier then goes

672
00:33:21,120 --> 00:33:24,520
Speaker 19: out and makes one of the nation's most intriguing hires

673
00:33:24,520 --> 00:33:30,440
Speaker 19: in tabbing New Mexico's Richard Patino as his replacement. Richard

674
00:33:30,520 --> 00:33:33,880
Speaker 19: is son of Hall of Fame coach Rick Patino, who

675
00:33:33,960 --> 00:33:37,560
Speaker 19: will now coach in the same league as his dad. Now,

676
00:33:37,680 --> 00:33:40,600
Speaker 19: Richard comes to Xavier after four seasons with the Lobos.

677
00:33:41,000 --> 00:33:43,800
Speaker 19: He led led them to the tournament the last three

678
00:33:43,840 --> 00:33:49,640
Speaker 19: consecutive years, winning seventy five games in those last three years. Now,

679
00:33:49,680 --> 00:33:52,240
Speaker 19: the hire has all of Xavier Nation in a buzz

680
00:33:52,360 --> 00:33:55,360
Speaker 19: of an excitement and anticipation as to what's going to

681
00:33:55,440 --> 00:33:56,120
Speaker 19: happen next.

682
00:33:56,640 --> 00:33:58,640
Speaker 18: Richard Patino can coach. He was coach of the Year

683
00:33:58,760 --> 00:34:01,680
Speaker 18: the Big Ten, the Year of the Mountain West, and

684
00:34:01,720 --> 00:34:04,840
Speaker 18: I'm excited about the way he approaches the game of basketball.

685
00:34:04,880 --> 00:34:06,920
Speaker 18: It's different than what we've seen in the past. The

686
00:34:06,960 --> 00:34:10,000
Speaker 18: pace should be very very quick ultimately when he gets

687
00:34:10,040 --> 00:34:13,360
Speaker 18: his system installed. Plus he didn't wait take long to

688
00:34:13,360 --> 00:34:13,879
Speaker 18: take a shot.

689
00:34:14,080 --> 00:34:16,879
Speaker 19: Yeah, he's an impressive person. When you say sit down

690
00:34:16,920 --> 00:34:20,799
Speaker 19: and meet with him, I mean he's only forty two

691
00:34:20,960 --> 00:34:25,320
Speaker 19: years old, and he's got twelve This is his thirteenth

692
00:34:25,480 --> 00:34:28,759
Speaker 19: he's got thirteen years of experience in coaching. One year

693
00:34:28,760 --> 00:34:32,920
Speaker 19: at Florida International, eight years at Minnesota. He said he

694
00:34:33,000 --> 00:34:35,959
Speaker 19: was thirty years old when he took the Minnesota job,

695
00:34:36,040 --> 00:34:37,880
Speaker 19: and then four years at New Mexico. He was the

696
00:34:37,920 --> 00:34:40,479
Speaker 19: coach of the year there. He's a Big ten coach

697
00:34:40,480 --> 00:34:45,600
Speaker 19: of the year. Two NCAA appearances at Minnesota, one n championship.

698
00:34:45,680 --> 00:34:46,879
Speaker 5: So great.

699
00:34:46,920 --> 00:34:49,960
Speaker 19: Christopher did a great job, I believe and going out

700
00:34:50,080 --> 00:34:53,720
Speaker 19: being aggressive and hiring him when Sean Miller left the program.

701
00:34:53,880 --> 00:34:56,400
Speaker 19: So he brings a lot of excitement, a lot of

702
00:34:56,840 --> 00:35:00,480
Speaker 19: it's so intriguing as to what's going to high and next,

703
00:35:00,520 --> 00:35:04,400
Speaker 19: what we're going to see when when Richard Patino coaches

704
00:35:04,440 --> 00:35:07,759
Speaker 19: against his dad here in the Sentai Center. Uh, it's

705
00:35:07,800 --> 00:35:11,759
Speaker 19: just it's just we're just in an unshattered you know,

706
00:35:11,920 --> 00:35:15,160
Speaker 19: just we're in we're in a place where we've never been,

707
00:35:15,239 --> 00:35:16,799
Speaker 19: and it's interesting to see what's going.

708
00:35:16,760 --> 00:35:17,239
Speaker 2: To happen next.

709
00:35:17,400 --> 00:35:19,920
Speaker 19: Brand new team, brand new team, brand new coach.

710
00:35:20,600 --> 00:35:21,120
Speaker 5: Joe Uh.

711
00:35:21,360 --> 00:35:25,680
Speaker 19: This is the first time that Xavier has not have

712
00:35:26,040 --> 00:35:31,319
Speaker 19: one player with any experience are playing one second of

713
00:35:31,360 --> 00:35:35,840
Speaker 19: basketball for the Musketeers. They have zero experience, even though

714
00:35:36,080 --> 00:35:41,040
Speaker 19: they've got a team, multiple of players, a lot of transfers,

715
00:35:41,800 --> 00:35:44,239
Speaker 19: but none of them have played on this floor. So

716
00:35:44,680 --> 00:35:47,000
Speaker 19: really interesting to see how they are gonna mess together.

717
00:35:47,120 --> 00:35:50,480
Speaker 18: That's Xavier Musketeers taken on the Merris University Red Foxes.

718
00:35:50,719 --> 00:35:54,239
Speaker 18: This is the RNL Carrier's pregame show. Visit RLC dot

719
00:35:54,239 --> 00:35:58,440
Speaker 18: com and make RNL Carriers your global transportation provider. You're

720
00:35:58,440 --> 00:36:01,440
Speaker 18: listening to Xavier basketball from you on fifty five KRC

721
00:36:01,880 --> 00:36:03,000
Speaker 18: and the Harsity Network.

722
00:36:03,440 --> 00:36:05,839
Speaker 17: When it comes to all wheel drive vehicles, nobody gives

723
00:36:05,880 --> 00:36:09,080
Speaker 17: you more to choose from than Toyota, including the best

724
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Speaker 17: selling camera and the best selling raft board.

725
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Speaker 20: You've also got Toyota's five Brothers, which include the best

726
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Speaker 20: selling Tacoma and the legendary new for Rudder.

727
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Speaker 17: All will drive gives you the traction you need for

728
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Speaker 17: confident driving on any road in any weather.

729
00:36:23,760 --> 00:36:27,080
Speaker 20: With twenty five different all wheel drive choices, there's only

730
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Speaker 20: one thing you need to know.

731
00:36:29,000 --> 00:36:31,719
Speaker 15: Nobody knows all wheel drive better than Toyota.

732
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Speaker 2: Let's go places.

733
00:36:33,680 --> 00:36:35,960
Speaker 20: When was the last time your bank lifted a finger

734
00:36:36,040 --> 00:36:39,120
Speaker 20: to solve a problem find a better option or offer

735
00:36:39,200 --> 00:36:42,799
Speaker 20: even an ounce of guidance. Money is complicated when it

736
00:36:42,840 --> 00:36:46,840
Speaker 20: demands serious attention. At sinfed, you're an owner and a member,

737
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Speaker 20: so we're always here to give you the attention you

738
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Speaker 20: and your money deserve, no.

739
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Speaker 2: What you expect from a bank.

740
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Speaker 20: That's because we're a credit union where almost anyone listening

741
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Speaker 20: right now can join. So why just bank when you

742
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Speaker 20: can belong on simpit credit union, set it really insured

743
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Speaker 20: by NCUA.

744
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Speaker 1: RDI is a proud Xavier sponsor when it comes to winning.

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Speaker 1: RDI is the go to player for your business. RDI

746
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Speaker 1: is family owned and operated and can help your business

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Speaker 1: improve your technology, sales and customer service. Transform your business

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Speaker 1: by partnering with your hometown team of business solution experts RDI.

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Speaker 1: Visit rdiicorp dot com when smart with rd rdcorp dot com.

750
00:37:34,080 --> 00:37:37,920
Speaker 21: Bourbon and barbecue sauce together as one at Buffalo Wild Wings.

751
00:37:38,120 --> 00:37:40,520
Speaker 22: Bet I know how it happened. One night at a

752
00:37:40,560 --> 00:37:44,640
Speaker 22: dimly lit Bedubs smooth bourbon bumped into tangy barbecue sauce.

753
00:37:44,840 --> 00:37:48,440
Speaker 22: They chat, flirt, bad eyelashes, be dubs barbecue goes home

754
00:37:48,480 --> 00:37:50,719
Speaker 22: with bourbon, some hickory incense is lit.

755
00:37:50,840 --> 00:37:53,720
Speaker 21: It's a fall on seduction when they just pay ho. Sorry,

756
00:37:53,800 --> 00:37:55,799
Speaker 21: you know what got carried away there? It's just this

757
00:37:55,880 --> 00:37:57,000
Speaker 21: bourbon barbecue sauce?

758
00:37:57,080 --> 00:37:57,680
Speaker 10: Is that good?

759
00:37:58,000 --> 00:37:59,280
Speaker 2: Buffalo Wild Wings?

760
00:37:59,480 --> 00:38:01,280
Speaker 21: Let's go sports bar.

761
00:38:01,280 --> 00:38:04,600
Speaker 23: When the time only, while supplies last, Please drink responsibly.

762
00:38:04,719 --> 00:38:08,040
Speaker 23: Get ready, musket Heer Nation because light beer just got better.

763
00:38:08,160 --> 00:38:11,240
Speaker 23: As the craft beer partner of Xavier Athletics, Sam Adams

764
00:38:11,239 --> 00:38:13,879
Speaker 23: is here to elevate your game day experience with the clean,

765
00:38:13,960 --> 00:38:16,560
Speaker 23: cresp taste of American Light. You're not just grabbing any

766
00:38:16,600 --> 00:38:18,799
Speaker 23: light beer, You're upgrading to the best in the game.

767
00:38:19,040 --> 00:38:22,400
Speaker 23: It's smooth, easy drinking, and oh so refreshing. You'll be

768
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Speaker 23: reaching for another one in no time. Plus, American Light

769
00:38:25,280 --> 00:38:27,960
Speaker 23: is brewed right here in the USA, using all American

770
00:38:28,080 --> 00:38:31,680
Speaker 23: sourced ingredients. Sam Adams American Light Beer because when life

771
00:38:31,680 --> 00:38:34,120
Speaker 23: calls for a cold one, it's always Sam Season.

772
00:38:34,800 --> 00:38:37,920
Speaker 2: Oh no, there's water everywhere. Dad, a pipe broke my

773
00:38:38,000 --> 00:38:40,680
Speaker 2: pork carpet. We need a plumber. I'm fast. Roto Ruter

774
00:38:40,800 --> 00:38:41,360
Speaker 2: does plumbing.

775
00:38:41,400 --> 00:38:43,560
Speaker 14: We need somebody to clean up this water and Rotor

776
00:38:43,640 --> 00:38:44,759
Speaker 14: Ruter does water clean up.

777
00:38:44,800 --> 00:38:46,680
Speaker 2: This seems like can find a phone in all this water.

778
00:38:46,760 --> 00:38:49,080
Speaker 2: I'm calling a bunch of people. I told you Rotor

779
00:38:49,120 --> 00:38:52,040
Speaker 2: Ruder does both. One eight hundred get rodo wait roto.

780
00:38:52,120 --> 00:38:55,280
Speaker 2: Ruter does plumbing and water clean up. Yeah, they do both.

781
00:38:55,400 --> 00:38:56,640
Speaker 2: One eight hundred get roto.

782
00:38:56,840 --> 00:39:02,680
Speaker 10: What's the number? And the way you go troubles down

783
00:39:02,760 --> 00:39:08,080
Speaker 10: the drain. This he's muscle tier festive balls in the air.

784
00:39:12,040 --> 00:39:15,640
Speaker 10: All See your Sports Network from lear Field.

785
00:39:17,560 --> 00:39:21,200
Speaker 23: K Sexton tomorrow at noon on fifty five KRC, the

786
00:39:21,480 --> 00:39:22,040
Speaker 23: talk station.

787
00:39:22,480 --> 00:39:25,080
Speaker 18: Welcome back to Simton Center, Welcome back to the RNL

788
00:39:25,160 --> 00:39:28,680
Speaker 18: Carriers pregame show. The Xavier Mascoteers open the season tonight

789
00:39:29,440 --> 00:39:32,759
Speaker 18: against Marrish University. And let's check the keys to the game,

790
00:39:32,800 --> 00:39:35,080
Speaker 18: brought to you by Key Bank. For every financial need,

791
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Speaker 18: Key Bank will meet you in the moment.

792
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Speaker 5: Key back three keys, Joe, Number one. They got to

793
00:39:39,880 --> 00:39:40,799
Speaker 5: take care of the ball.

794
00:39:41,080 --> 00:39:44,759
Speaker 19: In the two exhibition games, they have more turnovers than

795
00:39:44,840 --> 00:39:48,839
Speaker 19: they had assists. They must value each possession of the

796
00:39:48,880 --> 00:39:52,480
Speaker 19: basketball game, Joe. They lost both of those exhibition games,

797
00:39:52,760 --> 00:39:55,760
Speaker 19: one against Murray State and the other in the closed

798
00:39:55,800 --> 00:39:57,800
Speaker 19: door scrimmage against Toledo.

799
00:39:58,600 --> 00:39:59,560
Speaker 7: We weren't we.

800
00:39:59,719 --> 00:40:03,160
Speaker 19: Heard about the Toledo scrimmage we didn't see a boxing score,

801
00:40:03,280 --> 00:40:07,319
Speaker 19: but in talking to some of the coaches, they really emphasized, hey,

802
00:40:07,320 --> 00:40:09,040
Speaker 19: they need to do a better job taking care of

803
00:40:09,040 --> 00:40:11,000
Speaker 19: the basketball and with the pace they like to play

804
00:40:11,000 --> 00:40:13,719
Speaker 19: at is going to be very important that they do that.

805
00:40:14,040 --> 00:40:17,319
Speaker 19: And that's the second. Keep playing with pace. Xavier is

806
00:40:17,400 --> 00:40:20,000
Speaker 19: built to play at a quick pace. It's something that

807
00:40:20,040 --> 00:40:23,120
Speaker 19: they work on every day in practice. They sprint the floor,

808
00:40:23,400 --> 00:40:27,200
Speaker 19: make good decisions with the ball, especially point guard Roddy

809
00:40:27,320 --> 00:40:29,319
Speaker 19: Anderson because he's going to have the ball in his

810
00:40:29,400 --> 00:40:32,840
Speaker 19: hands most of the time. And lastly, execute the defensive

811
00:40:33,640 --> 00:40:37,880
Speaker 19: system like they practice. Xu likes to trap ball screens

812
00:40:37,920 --> 00:40:40,560
Speaker 19: with good quick rotations off the ball. They'll need to

813
00:40:40,600 --> 00:40:43,759
Speaker 19: be sharp and fundamentally sound against the team that won

814
00:40:43,840 --> 00:40:47,080
Speaker 19: twenty games last year and the Mayors Red Foxes.

815
00:40:47,280 --> 00:40:50,480
Speaker 18: Xaviers won thirty five straight regular season openers. They've won

816
00:40:50,520 --> 00:40:53,719
Speaker 18: all twenty five season openers here at Sintiz Center. This

817
00:40:53,719 --> 00:40:56,640
Speaker 18: will be the twenty sixth year for the Sinti Center environing.

818
00:40:56,680 --> 00:40:58,680
Speaker 18: As you look at this team, and this is something

819
00:40:58,719 --> 00:41:02,160
Speaker 18: we've never seen before. Xavier lost all their scholarship players,

820
00:41:02,400 --> 00:41:06,960
Speaker 18: replaced by eleven scholarship players, basically, and it's a whole

821
00:41:07,000 --> 00:41:08,839
Speaker 18: new world out there. But it's been interesting to watch

822
00:41:08,880 --> 00:41:11,440
Speaker 18: the coaching staff put this team together. They've had an

823
00:41:11,480 --> 00:41:14,279
Speaker 18: exhibition game, they've had a scrimmage and so forth, and

824
00:41:14,320 --> 00:41:16,879
Speaker 18: I think in those games the coaches were much more

825
00:41:16,920 --> 00:41:19,919
Speaker 18: concerned about how they played, even whether they won or lost.

826
00:41:19,920 --> 00:41:21,560
Speaker 18: They're just trying to build a team and blend a

827
00:41:21,600 --> 00:41:25,000
Speaker 18: team and find out which groups of players play the

828
00:41:25,000 --> 00:41:26,200
Speaker 18: best together.

829
00:41:26,880 --> 00:41:30,640
Speaker 19: Yeah, Joe, it's something very important with any team, but

830
00:41:30,719 --> 00:41:34,120
Speaker 19: when you bring twelve new players together, it's even more important.

831
00:41:34,760 --> 00:41:40,680
Speaker 19: Chemistry and playing together and knowing the strengths and weaknesses

832
00:41:40,920 --> 00:41:46,400
Speaker 19: of your teammates. Xavier, they don't have a lot of experience,

833
00:41:46,840 --> 00:41:49,279
Speaker 19: they don't have any experience playing together, but they have

834
00:41:49,400 --> 00:41:54,719
Speaker 19: experience as basketball players. Everyone on this team except for

835
00:41:54,760 --> 00:41:59,879
Speaker 19: one player, and that's their freshman case in Westfall, has

836
00:42:00,040 --> 00:42:03,239
Speaker 19: play college basketball, So it's just for different teams now.

837
00:42:04,440 --> 00:42:08,880
Speaker 19: Meshing those players together into a cohesive unit is something

838
00:42:08,920 --> 00:42:12,279
Speaker 19: that coach is going to have to constantly try to

839
00:42:12,320 --> 00:42:16,120
Speaker 19: figure out, trying to figure out and sell into certain roles,

840
00:42:16,520 --> 00:42:17,560
Speaker 19: try to figure out.

841
00:42:17,360 --> 00:42:21,600
Speaker 2: Who plays best together. That's all.

842
00:42:21,680 --> 00:42:25,560
Speaker 19: That's that's all it has to be decided, and it

843
00:42:25,560 --> 00:42:27,919
Speaker 19: needs to be decided quickly. It's something they've been working

844
00:42:27,960 --> 00:42:31,600
Speaker 19: hard on ever since practice started throughout the summer, and

845
00:42:32,520 --> 00:42:35,960
Speaker 19: we'll see you know those results here in a minute.

846
00:42:36,040 --> 00:42:37,880
Speaker 18: Coming up next on talking with the head coach. This

847
00:42:38,000 --> 00:42:41,600
Speaker 18: daf your Musketeers, Richard Patino. This is the RNL Carriers

848
00:42:41,640 --> 00:42:45,400
Speaker 18: pregame show. Visit RLC dot com and make RNL Carriers

849
00:42:45,440 --> 00:42:49,040
Speaker 18: your global transportation provider. You're listening to disavi your basketball

850
00:42:49,080 --> 00:42:52,560
Speaker 18: From're gonna feel on fifty five KRC and the Varsity Network.

851
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852
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Speaker 24: the most comprehensive sports medicine program in the Tri State.

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Speaker 24: You don't have to be a Xavior athlete to receive

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Speaker 8: Care in the region.

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Speaker 24: Healthcare providers of Xavier Athletics.

861
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Speaker 20: When was the last time your bank lifted a finger

862
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Speaker 20: to solve a problem? Find a better option or offer

863
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Speaker 20: even an ounce of guidance. Money is complicated and it

864
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Speaker 20: demands serious attention. At Synfed, you're an owner and a member,

865
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Speaker 20: so we're always here to give you the attention you

866
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Speaker 20: and your money deserve.

867
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Speaker 2: Know what you expect from a bank.

868
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Speaker 20: That's because we're a credit union where almost anyone listening

869
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Speaker 20: right now can join.

870
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Speaker 2: So why just bank when you can.

871
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Speaker 20: Belong Synfed credit union that are really ensured by NCUA.

872
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Speaker 14: If you're fifty or older and starting to think seriously

873
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Speaker 14: about retirement, don't miss Retirement Planning the University. This comprehensive

874
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Speaker 14: educational event helps you understand how to plan for retirement.

875
00:44:04,480 --> 00:44:07,239
Speaker 14: Join us at Xavier University for two nights of an

876
00:44:07,280 --> 00:44:11,600
Speaker 14: easy to follow, interactive, no pressure learning experience. Reserve your

877
00:44:11,600 --> 00:44:15,680
Speaker 14: seat now at Retirement Planning University dot com. That's Retirement

878
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Speaker 14: Planning University dot com. Retirement Planning University is a nonprofit

879
00:44:18,920 --> 00:44:20,840
Speaker 14: and not in a credit university. Xavior University is not

880
00:44:20,880 --> 00:44:25,359
Speaker 14: a client. See website for disclosures. Go Musketeers. Yeah, it's

881
00:44:25,400 --> 00:44:27,279
Speaker 14: another day, but what kind of day is it?

882
00:44:27,320 --> 00:44:27,640
Speaker 17: Really?

883
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Speaker 2: A day of doom scrolling laundry day?

884
00:44:30,280 --> 00:44:33,640
Speaker 15: Nah, it's a white claw day light and refreshing tasting,

885
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Speaker 15: uniquely cold, weight filtered. There's an iconic flavor for everyone.

886
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Speaker 15: So grab a pack, grab your friends, make the most

887
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Speaker 15: of each day with those who matter most. When you're

888
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Speaker 15: together with white Claw, every day is a once in

889
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Speaker 15: a lifetime experience. You just got to grab it, White Claw.

890
00:44:48,400 --> 00:44:51,239
Speaker 15: Grab life by the claw. Please are responsibly hearts elso

891
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Speaker 15: with flavors. White Claws also works Chicago, Illinois.

892
00:44:57,120 --> 00:45:01,799
Speaker 25: Can't carry a bowling ball in a plastic bag, can't

893
00:45:01,880 --> 00:45:06,520
Speaker 25: rub plastic bags together to make it fire, you can't

894
00:45:06,520 --> 00:45:11,440
Speaker 25: turn them into swim trunks, and you can't put plastic

895
00:45:11,480 --> 00:45:15,319
Speaker 25: bags in your rumky recycling container. Visit rumky dot com

896
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Speaker 25: or recycling dos and don'ts. You learn more at rumky

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Speaker 25: dot com make you Recycling County.

898
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Speaker 12: For over forty five years, Snappy has built a reputation

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00:45:27,120 --> 00:45:31,160
Speaker 12: on a few simple promises. Dough made fresh daily, sauce

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00:45:31,200 --> 00:45:34,680
Speaker 12: crafted from vine ripe and tomatoes picked and canned within hours,

901
00:45:34,920 --> 00:45:39,000
Speaker 12: and cheese that's always fresh, never frozen. From pizzas loaded

902
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Speaker 12: with toppings to savory wings and mouth watering sides. Every

903
00:45:42,480 --> 00:45:46,160
Speaker 12: bite is packed with bold, satisfying flavor. See whether it's

904
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Speaker 12: game night, Family night or just your night. Make it unforgettable,

905
00:45:50,480 --> 00:45:55,200
Speaker 12: make it snappy. The proud partner of Xavier Athletics. Let's

906
00:45:55,320 --> 00:45:57,640
Speaker 12: go some on the worst floor.

907
00:45:57,719 --> 00:45:58,200
Speaker 10: Get crowd.

908
00:45:58,520 --> 00:46:04,520
Speaker 2: Why this must be to your basketball? From Dearfield, Penn

909
00:46:04,560 --> 00:46:05,480
Speaker 2: Station is turning up