1 00:00:00,080 --> 00:00:02,160 Speaker 1: Good afternoon. Let's get right down to business here. We 2 00:00:02,240 --> 00:00:05,399 Speaker 1: are doing it live, doing more at four weekday afternoons, 3 00:00:05,480 --> 00:00:07,640 Speaker 1: right after the Guy Benson Show and just before the 4 00:00:07,680 --> 00:00:10,879 Speaker 1: news blitz. Here in seven ninety KBC Motach on Money 5 00:00:10,920 --> 00:00:14,000 Speaker 1: Live on the air seven ninety KBC streaming live online 6 00:00:14,000 --> 00:00:17,400 Speaker 1: worldwide at KBC dot com and the on demand Motach 7 00:00:17,440 --> 00:00:21,160 Speaker 1: of Money podcast KBC dot com, Apple, iTunes, YouTube, all 8 00:00:21,200 --> 00:00:25,760 Speaker 1: your favorite podcast platforms. Stocks extending gains after a seesaw 9 00:00:25,880 --> 00:00:28,960 Speaker 1: session today, coming off a more than thirteen hundred point 10 00:00:29,000 --> 00:00:32,000 Speaker 1: gain for the Dow Jones Industrial average on the two 11 00:00:32,040 --> 00:00:34,479 Speaker 1: week ceasefire between the US and Iran. We had that 12 00:00:34,520 --> 00:00:38,000 Speaker 1: big jump yesterday and another nearly three hundred point gain 13 00:00:38,080 --> 00:00:40,479 Speaker 1: for the Dow Jones Industrial average today. Big part of 14 00:00:40,520 --> 00:00:43,480 Speaker 1: that ceasfire deal was to reopen these trade of horror 15 00:00:43,520 --> 00:00:46,920 Speaker 1: moves the critical waterway in the Persian Gulf. Ship traffic 16 00:00:47,159 --> 00:00:49,040 Speaker 1: and the trade of horror moves did tick up, but 17 00:00:49,159 --> 00:00:52,000 Speaker 1: remained pretty much a trickle today. A couple of days 18 00:00:52,040 --> 00:00:55,480 Speaker 1: after the President announced the temporary ceasefire between the US 19 00:00:55,560 --> 00:00:59,040 Speaker 1: and Iran, the Wall Street Journal notes, according to data 20 00:00:59,080 --> 00:01:02,080 Speaker 1: from the Ship t Tracker, marine traffic hundreds of vessels 21 00:01:02,080 --> 00:01:05,160 Speaker 1: remade in limbo in the waters surrounding the world's most 22 00:01:05,160 --> 00:01:09,200 Speaker 1: important energy shipping lane, stalled by the ongoing conflict. The 23 00:01:09,319 --> 00:01:12,480 Speaker 1: latest report shows the ships huddled around major ports while 24 00:01:12,480 --> 00:01:14,880 Speaker 1: a few cross from one side of the strait to 25 00:01:14,959 --> 00:01:18,560 Speaker 1: the other. Stocks climbed. Oil prices settled well off their 26 00:01:18,720 --> 00:01:21,480 Speaker 1: session highs above one hundred dollars a barrel after reports 27 00:01:21,480 --> 00:01:24,959 Speaker 1: at Israel and Lebanon will pursue direct negotiations as soon 28 00:01:25,000 --> 00:01:28,600 Speaker 1: as possible. Israel's attacks in Lebanon have threatened to derail 29 00:01:28,640 --> 00:01:31,920 Speaker 1: the seasfire with Iran. Along with the continuing difficulties for 30 00:01:32,000 --> 00:01:36,199 Speaker 1: tankers seeking to transit the Strait of Horror moves Iran 31 00:01:36,280 --> 00:01:38,920 Speaker 1: the telling mediators today would limit the number of ships 32 00:01:38,959 --> 00:01:41,360 Speaker 1: crossing the waterway to around a dozen a day and 33 00:01:41,840 --> 00:01:46,320 Speaker 1: charge tolls. We did see the major ravages reverse early 34 00:01:46,440 --> 00:01:49,920 Speaker 1: declines and finish higher today, with the down two seventy six, 35 00:01:50,000 --> 00:01:52,960 Speaker 1: the SMP five hundred and forty two. The NASDAK gained 36 00:01:53,040 --> 00:01:56,160 Speaker 1: one to eighty seven, following up on yesterday's big rally. 37 00:01:56,320 --> 00:01:58,320 Speaker 1: Looks like the SMP five hundred is up for the 38 00:01:58,360 --> 00:02:01,680 Speaker 1: seventh straight session and the Nasdaq Composite is now up 39 00:02:02,000 --> 00:02:05,400 Speaker 1: since the start of the US Iran conflict. Meanwhile, China 40 00:02:05,920 --> 00:02:09,000 Speaker 1: making a rare diplomatic foray in the Iran war, nudging 41 00:02:09,240 --> 00:02:11,160 Speaker 1: Iran to agree to sit down for talks with the 42 00:02:11,280 --> 00:02:15,679 Speaker 1: United States. The burst of diplomatic cooperation, according to the 43 00:02:15,720 --> 00:02:18,200 Speaker 1: wals Shreet Journal, appears to be a calculated maneuver to 44 00:02:18,240 --> 00:02:21,360 Speaker 1: sent the stage for President Trump's visit to Beijing set 45 00:02:21,360 --> 00:02:24,560 Speaker 1: for next month. I'll discuss the latest news with China. 46 00:02:24,560 --> 00:02:28,200 Speaker 1: Asks for Gordon Chang, Gatestone Institute's senior fellow, author of 47 00:02:28,240 --> 00:02:31,320 Speaker 1: books on China, including his latest plan read China's Project 48 00:02:31,320 --> 00:02:34,359 Speaker 1: to Destroy America. He'll be joining us live later this hour. 49 00:02:34,400 --> 00:02:36,880 Speaker 1: We did see the yield in the tenure note finish 50 00:02:36,880 --> 00:02:38,960 Speaker 1: out the day at four point two to eight percent. 51 00:02:39,160 --> 00:02:42,079 Speaker 1: Crude oil rose to nearly four percent on the day 52 00:02:42,120 --> 00:02:45,359 Speaker 1: to ninety seven and change, and looks like Brent crude 53 00:02:45,360 --> 00:02:48,320 Speaker 1: in London did also move hired to ninety five ninety two, 54 00:02:48,440 --> 00:02:51,400 Speaker 1: off of the recent highs we saw earlier in the week. 55 00:02:52,240 --> 00:02:55,960 Speaker 1: The Federal Reserves preferred inflation gauge, that's the one we're 56 00:02:55,960 --> 00:02:58,919 Speaker 1: told is the fens inflation gauge of the favorite showed 57 00:02:58,919 --> 00:03:01,560 Speaker 1: prices stayed high in February, though it does not reveal 58 00:03:01,600 --> 00:03:05,680 Speaker 1: much about pricing pressures from the ongoing war. Gold meanwhile 59 00:03:05,720 --> 00:03:08,640 Speaker 1: moving higher as a weaker dollar lent to support to 60 00:03:08,720 --> 00:03:11,720 Speaker 1: the precious medals. We see gold at the moment hovering 61 00:03:11,760 --> 00:03:14,440 Speaker 1: just below forty eight hundred an ounce. I'll discuss the 62 00:03:14,520 --> 00:03:17,720 Speaker 1: latest moves in gold and silver with Barry Steppler, founder 63 00:03:17,720 --> 00:03:20,240 Speaker 1: of Stempler and Company and min State Gold, co founder 64 00:03:20,240 --> 00:03:23,120 Speaker 1: of the Accredited Precious Metals Dealers and former head of 65 00:03:23,160 --> 00:03:28,480 Speaker 1: the National Numismatic Association. But first on your money, the markets, 66 00:03:28,520 --> 00:03:30,840 Speaker 1: the economy, and the whole works. Now, tech names had 67 00:03:30,880 --> 00:03:33,320 Speaker 1: a big day today and joining us now the world's 68 00:03:33,320 --> 00:03:36,720 Speaker 1: top tech analyst. Daniel Ives, Managing director and global head 69 00:03:36,720 --> 00:03:40,040 Speaker 1: of Technology Research at web Bush Securities, headquartered here in 70 00:03:40,080 --> 00:03:42,880 Speaker 1: southern California. Webbush this week, by the way, we rolled 71 00:03:42,880 --> 00:03:46,080 Speaker 1: out another dan Ives exchange traded fund. Dan Ives also 72 00:03:46,120 --> 00:03:48,160 Speaker 1: a world traveler. Then we'll be coming to Beverly Hills 73 00:03:48,160 --> 00:03:50,960 Speaker 1: for the Milkin Institute Global Conference set for next month. 74 00:03:51,040 --> 00:03:53,360 Speaker 1: Daniel Lives, thank you very much for taking the call 75 00:03:53,400 --> 00:03:54,400 Speaker 1: with us here this afternoon. 76 00:03:55,840 --> 00:03:58,240 Speaker 2: Great to be here, Frank. As always, it's. 77 00:03:58,080 --> 00:04:00,760 Speaker 1: Been a while since we chatted behind live microphones, we've 78 00:04:00,760 --> 00:04:04,320 Speaker 1: seen the wild moves in the financial markets this week. 79 00:04:04,600 --> 00:04:06,480 Speaker 1: Give us your assessment of things here at the moment. 80 00:04:07,680 --> 00:04:09,880 Speaker 2: I mean, I think the black Swan event got taken 81 00:04:09,880 --> 00:04:12,480 Speaker 2: off the table, and the reality is when you look 82 00:04:12,520 --> 00:04:16,080 Speaker 2: at Iran, despite you know, obviously catastrophists will try to 83 00:04:16,120 --> 00:04:18,760 Speaker 2: say that, you know, this ceasefire could go wrong. We'll 84 00:04:18,760 --> 00:04:21,440 Speaker 2: love some turbulence, but this is the beginning of the 85 00:04:21,560 --> 00:04:24,279 Speaker 2: end in our opinion, and I think from a risk 86 00:04:24,360 --> 00:04:29,920 Speaker 2: on perspective, it's bullish for risk on assets, bullish for tech, 87 00:04:29,960 --> 00:04:33,560 Speaker 2: and I think we saw over sold equities in terms 88 00:04:33,640 --> 00:04:35,920 Speaker 2: of worries is the deadline and what this is going 89 00:04:35,960 --> 00:04:38,599 Speaker 2: to mean in terms of oil and potential, you know, 90 00:04:38,720 --> 00:04:44,240 Speaker 2: macro economic ripple effect. It's contained, and I think that's 91 00:04:44,680 --> 00:04:46,720 Speaker 2: a green light to own a tack and risk. 92 00:04:46,520 --> 00:04:50,680 Speaker 1: Assets all right. In Vidio, for example, let's start with 93 00:04:50,720 --> 00:04:53,239 Speaker 1: that one moving higher today and it's had a good week, 94 00:04:53,279 --> 00:04:55,240 Speaker 1: and it looks like the other mag seven names have 95 00:04:55,839 --> 00:04:59,520 Speaker 1: done pretty well lightly. What's your assessment here of Nvidia 96 00:04:59,640 --> 00:05:01,000 Speaker 1: Tesla and the list goes on. 97 00:05:02,200 --> 00:05:04,000 Speaker 2: Yeah, I mean, O think we're an easier right now, 98 00:05:04,080 --> 00:05:07,239 Speaker 2: and I can tell you demand to supply for Nvidia 99 00:05:07,360 --> 00:05:10,919 Speaker 2: chips is over ten to one. What that means is 100 00:05:10,960 --> 00:05:15,440 Speaker 2: like you're seeing acceleration of capacs and acceleration as spend. 101 00:05:15,440 --> 00:05:17,560 Speaker 2: There's one chip in the worldview and air every sins 102 00:05:17,600 --> 00:05:20,320 Speaker 2: in video the stock when you went to real numbers 103 00:05:20,320 --> 00:05:23,640 Speaker 2: that by trading fifteen times here, I think it's way 104 00:05:23,680 --> 00:05:27,159 Speaker 2: over sold in terms of Invidia. And I would argue 105 00:05:27,160 --> 00:05:30,720 Speaker 2: like when you look at names like Microsoft the software trade, 106 00:05:30,839 --> 00:05:33,480 Speaker 2: we saw what happened with Salesforce, talent here and others. 107 00:05:33,520 --> 00:05:37,159 Speaker 2: Today we are in a situation where I believe tech's 108 00:05:37,200 --> 00:05:40,479 Speaker 2: going to make all new all time highs by this summer, 109 00:05:40,960 --> 00:05:45,479 Speaker 2: and I think mag seven will be weeding a charge higher. 110 00:05:46,760 --> 00:05:49,080 Speaker 1: Of course, a lot of people follow your newsletter, and 111 00:05:49,240 --> 00:05:52,400 Speaker 1: you came out with something this morning following all the 112 00:05:52,800 --> 00:05:57,120 Speaker 1: dramatic developments. What was the main point in your latest 113 00:05:57,279 --> 00:06:00,520 Speaker 1: write up today and how can people access the information? 114 00:06:02,360 --> 00:06:05,160 Speaker 2: Yeah, I mean, look, the main point today is basically 115 00:06:05,200 --> 00:06:09,159 Speaker 2: just saying, I go, look, the bears have called nine 116 00:06:09,200 --> 00:06:12,560 Speaker 2: of the last two downturns over the last twenty years. 117 00:06:13,200 --> 00:06:15,880 Speaker 2: You cannot get caught up in some of the macro 118 00:06:15,960 --> 00:06:19,000 Speaker 2: catastrophe stuff when we're in the middle of a fourth 119 00:06:19,040 --> 00:06:22,039 Speaker 2: Industrial revolution that tech's going to be weeding. And the 120 00:06:22,080 --> 00:06:29,000 Speaker 2: whole point is you look at memes like Tesla, Apple, Microsoft, Nvidio, Talenteer. 121 00:06:29,720 --> 00:06:32,200 Speaker 2: These are when the winners, and these I believe it's 122 00:06:32,200 --> 00:06:36,640 Speaker 2: the generational winners over the coming years, cybersecurity included. And 123 00:06:36,680 --> 00:06:39,960 Speaker 2: I think right now it's just important to kind of 124 00:06:40,000 --> 00:06:42,000 Speaker 2: see far through the trees when it comes to the 125 00:06:42,080 --> 00:06:43,279 Speaker 2: tech tree. 126 00:06:44,320 --> 00:06:47,560 Speaker 1: On your Live with Daniel lives at Webbush. Obviously, oil 127 00:06:47,680 --> 00:06:50,200 Speaker 1: the big story this week and continues to be the 128 00:06:50,240 --> 00:06:54,120 Speaker 1: focus there with the straight of horror moos traffic coming 129 00:06:54,160 --> 00:06:57,440 Speaker 1: through at a trickle at Bessa at this point, what's 130 00:06:57,480 --> 00:07:00,440 Speaker 1: your outlook on oil here hovering just one hundred dollars 131 00:07:00,560 --> 00:07:00,960 Speaker 1: a barrel. 132 00:07:02,520 --> 00:07:04,599 Speaker 2: I think we're going to see sub e at our oil, 133 00:07:04,920 --> 00:07:07,560 Speaker 2: you know, when it is all normalized. I'm not seeing 134 00:07:07,640 --> 00:07:11,080 Speaker 2: that there's not going to be headline dodgeball that we're 135 00:07:11,120 --> 00:07:14,880 Speaker 2: going to have to ultimately navigate and some scary head ons. 136 00:07:15,160 --> 00:07:17,720 Speaker 2: But the reality is is it and I think you're 137 00:07:17,760 --> 00:07:20,840 Speaker 2: seeing oil play out is it will take time in 138 00:07:20,920 --> 00:07:24,200 Speaker 2: terms of from a supply perspective, I think by summer 139 00:07:24,400 --> 00:07:26,720 Speaker 2: you're looking at EATI or sub eight our oil? 140 00:07:28,960 --> 00:07:33,280 Speaker 1: What about precious metals? In all this, we've seen gold 141 00:07:33,720 --> 00:07:36,120 Speaker 1: rally somewhat. Will be focused more on gold later this 142 00:07:36,200 --> 00:07:39,120 Speaker 1: hour with our precious metals guy. But you follow gold 143 00:07:39,160 --> 00:07:42,880 Speaker 1: closely and as well as bitcoin so called digital gold. 144 00:07:43,200 --> 00:07:45,360 Speaker 1: Give us an update on your view on the precious 145 00:07:45,400 --> 00:07:48,640 Speaker 1: metals and for that matter, the so called digital gold 146 00:07:48,680 --> 00:07:50,320 Speaker 1: as well. 147 00:07:50,520 --> 00:07:50,680 Speaker 3: Well. 148 00:07:50,680 --> 00:07:54,280 Speaker 2: It's also interesting you think about through through this the 149 00:07:54,320 --> 00:07:56,840 Speaker 2: war of the conflict, I mean ethereum and some of 150 00:07:56,880 --> 00:08:00,080 Speaker 2: the cryptos actually acted well, you know, in terms of 151 00:08:00,320 --> 00:08:03,200 Speaker 2: in terms of some of the trades. Look, I think gold, 152 00:08:03,480 --> 00:08:05,920 Speaker 2: I still believe the past higher. Now. Look, I'm not 153 00:08:05,960 --> 00:08:09,640 Speaker 2: a believer that oil is going to create some sort 154 00:08:09,680 --> 00:08:13,360 Speaker 2: of prolonged inflationary view where the Fed ultimate is going 155 00:08:13,400 --> 00:08:16,480 Speaker 2: to have to hike. The Fed's next move at the 156 00:08:16,560 --> 00:08:18,480 Speaker 2: end of the day will be a cut. Wars is 157 00:08:18,520 --> 00:08:21,000 Speaker 2: not going to come in as a hawk, and that's 158 00:08:21,000 --> 00:08:23,320 Speaker 2: one that we'll see play out later this year. But 159 00:08:23,360 --> 00:08:26,600 Speaker 2: I do believe as we're going through this, you know, 160 00:08:26,640 --> 00:08:29,280 Speaker 2: like we've got I think the path for gold's hire. 161 00:08:29,960 --> 00:08:32,520 Speaker 2: I think the path for crypto is hiring the risk 162 00:08:32,559 --> 00:08:36,679 Speaker 2: on assets. And I think tech book tech is trading 163 00:08:36,760 --> 00:08:40,160 Speaker 2: below market multiple in terms of where we are. 164 00:08:42,040 --> 00:08:44,920 Speaker 1: All Right, what's your favorite on the tech list at 165 00:08:44,920 --> 00:08:46,760 Speaker 1: this point? And then I need you to tell us 166 00:08:46,760 --> 00:08:49,559 Speaker 1: about your new ETF there and blood Bush that got 167 00:08:49,640 --> 00:08:50,560 Speaker 1: rolled out to this week. 168 00:08:51,880 --> 00:08:55,600 Speaker 2: Yeah, so look my favorite here if I could own 169 00:08:55,640 --> 00:08:59,200 Speaker 2: any name, I mean to me, it's really Microsoft just 170 00:08:59,240 --> 00:09:01,920 Speaker 2: giving the sell off. I mean, the stock's trading like 171 00:09:02,000 --> 00:09:04,280 Speaker 2: it's a structurally broken name and it's going to be 172 00:09:04,320 --> 00:09:07,200 Speaker 2: a core player in the AI revolution, and I think 173 00:09:07,240 --> 00:09:09,040 Speaker 2: this is going to be approved new stock. You know 174 00:09:09,120 --> 00:09:13,520 Speaker 2: this along with Nvidia and Tessa in terms of core names. 175 00:09:13,720 --> 00:09:16,760 Speaker 2: Look in terms of the ETF, the second one that's 176 00:09:16,840 --> 00:09:21,240 Speaker 2: rolled out, the iv et it's really it's about our 177 00:09:21,280 --> 00:09:26,200 Speaker 2: research on the Odds AI thirty power Index, and it's 178 00:09:26,240 --> 00:09:29,400 Speaker 2: really trying to identify in terms of the second, third, 179 00:09:29,520 --> 00:09:32,480 Speaker 2: fourth derivatives, how are you going to power all the 180 00:09:32,559 --> 00:09:36,199 Speaker 2: data centers? We have an energy shortage, and it's China 181 00:09:36,240 --> 00:09:39,440 Speaker 2: identify the thirty names that we believe are going to 182 00:09:39,440 --> 00:09:42,719 Speaker 2: be instrumental in the energy piece of this, which I 183 00:09:42,840 --> 00:09:46,520 Speaker 2: view is a derivative of the AI revolution. That's why 184 00:09:47,160 --> 00:09:49,120 Speaker 2: you know it speaks to our whole team over the 185 00:09:49,200 --> 00:09:51,559 Speaker 2: coming years. 186 00:09:51,800 --> 00:09:56,600 Speaker 1: All right, Apple been quietly moving higher lately at two sixty. 187 00:09:56,640 --> 00:09:59,199 Speaker 1: Here we see Amazon, which has had a rough start 188 00:09:59,280 --> 00:10:02,120 Speaker 1: to this year, at around the two thirty three or so. 189 00:10:02,280 --> 00:10:04,400 Speaker 1: Can can you zero in on those two for a moment. 190 00:10:06,080 --> 00:10:08,439 Speaker 2: Yeah, So when it comes to Apple, Look, I think Apple, 191 00:10:09,000 --> 00:10:12,240 Speaker 2: the consumer AI revolution is ultimately going to go through Pupertino. 192 00:10:12,800 --> 00:10:15,880 Speaker 2: Finally they'll rolling out Serie AI. We believe it in 193 00:10:16,000 --> 00:10:21,880 Speaker 2: June at WWDC. Look, Frank, most users, most consumers in 194 00:10:21,880 --> 00:10:24,280 Speaker 2: the world, they're going to access AI doing Apple device 195 00:10:24,400 --> 00:10:27,120 Speaker 2: over the coming years. And I think this is really 196 00:10:28,080 --> 00:10:30,720 Speaker 2: the start of what's going to be a transformasion Apple 197 00:10:31,160 --> 00:10:33,640 Speaker 2: as you start the price and the consumer AI piece, 198 00:10:33,679 --> 00:10:35,840 Speaker 2: and it's for seventy five one hundred hours of share, 199 00:10:36,280 --> 00:10:38,640 Speaker 2: and I think the stock is way over sold relative 200 00:10:38,679 --> 00:10:42,319 Speaker 2: to the multiple Amazon. Look at Amazon, very similar Microsoft, 201 00:10:42,320 --> 00:10:44,960 Speaker 2: I wo'd only say bear market multiple in terms of 202 00:10:44,960 --> 00:10:49,360 Speaker 2: where you're selling there. They're worries about what AI has 203 00:10:49,400 --> 00:10:52,080 Speaker 2: been doing in terms of disruption. I strongly disagree. I 204 00:10:52,080 --> 00:10:53,360 Speaker 2: think it's a false narrative. 205 00:10:53,440 --> 00:10:54,640 Speaker 4: I'd be buyer to Amazon. 206 00:10:55,640 --> 00:10:58,640 Speaker 1: I just pulled up your terrific right up today and 207 00:10:58,800 --> 00:11:03,280 Speaker 1: propic threat to talenteer way overblown. That's what you wrote today. 208 00:11:03,320 --> 00:11:05,640 Speaker 1: Long term winner will be will be Palentery. Can you 209 00:11:05,760 --> 00:11:08,800 Speaker 1: can you tell us more about that? This this uh, 210 00:11:09,080 --> 00:11:12,160 Speaker 1: your commentary of today, your your op ed article on 211 00:11:12,160 --> 00:11:13,920 Speaker 1: on nthropic threats to Talenteer. 212 00:11:15,480 --> 00:11:20,120 Speaker 2: Look, it's this, there's a ghost trade. Anthropic is gonna 213 00:11:20,679 --> 00:11:23,840 Speaker 2: destruct every software company. It could be further from the 214 00:11:23,840 --> 00:11:26,599 Speaker 2: truth when it comes to Talenteer. Palenteer is going to 215 00:11:26,640 --> 00:11:29,200 Speaker 2: be the core hearts and lungs, not just of government 216 00:11:29,280 --> 00:11:32,040 Speaker 2: and D O D, but also of enterprises. I don't 217 00:11:32,080 --> 00:11:36,120 Speaker 2: think there's a software company on earth that has a 218 00:11:36,280 --> 00:11:38,720 Speaker 2: Palenteer as which is why I ultimately believe it's going 219 00:11:38,760 --> 00:11:41,240 Speaker 2: to be a trillion dollar valuation next two or three years. 220 00:11:41,840 --> 00:11:44,720 Speaker 2: You know, Michael Burry, the short cellar came out with 221 00:11:44,880 --> 00:11:48,280 Speaker 2: some you know, Twitter post that he ultimately deleted soon 222 00:11:48,280 --> 00:11:53,439 Speaker 2: thereafter seeing Anthropical eating Talenteer's lunch. Frank, there's a better 223 00:11:53,559 --> 00:11:57,400 Speaker 2: chance of me and the Olympics in pole vault in 224 00:11:57,600 --> 00:12:01,439 Speaker 2: l A in two years than tropically pound Piers one. 225 00:12:02,000 --> 00:12:04,880 Speaker 2: That's why this is the name that you own all 226 00:12:05,040 --> 00:12:08,920 Speaker 2: day long on the false narratives that are being created. 227 00:12:10,640 --> 00:12:14,080 Speaker 1: Turning to Michael Sailor, and his latest comments. Of course, 228 00:12:14,320 --> 00:12:17,240 Speaker 1: Sailor is the guy that runs a strategy, and which 229 00:12:17,320 --> 00:12:20,559 Speaker 1: is I mean the Bitcoin. I did see the story 230 00:12:20,640 --> 00:12:24,000 Speaker 1: here Sailor says bitcoin likely bottom near sixty k. So 231 00:12:24,240 --> 00:12:28,080 Speaker 1: just quantum risk is overblown. What do you see ahead? 232 00:12:28,360 --> 00:12:29,920 Speaker 1: First of all, what do you think about what he 233 00:12:30,040 --> 00:12:31,679 Speaker 1: had to say? What do you think of strategy and 234 00:12:32,520 --> 00:12:33,880 Speaker 1: where the cryptos go from here? 235 00:12:35,240 --> 00:12:37,240 Speaker 4: Well, Frank, we talked about it on your show. 236 00:12:37,400 --> 00:12:38,839 Speaker 2: You know, if you go back last month or two, 237 00:12:39,040 --> 00:12:42,079 Speaker 2: we said, I think you know, bitcoin ultimately bottoms in 238 00:12:42,160 --> 00:12:45,200 Speaker 2: the sixty thousand, right sixty five because it got way 239 00:12:45,240 --> 00:12:47,559 Speaker 2: over sold. Some of it was the weaverage shade. The 240 00:12:47,640 --> 00:12:50,280 Speaker 2: word is about quantum, that it's going to unleash some 241 00:12:50,480 --> 00:12:54,199 Speaker 2: sort of you know, threat to crypto in terms of 242 00:12:54,320 --> 00:12:57,400 Speaker 2: the security, I think is way way overblown, and I 243 00:12:57,480 --> 00:12:59,679 Speaker 2: continue to do leave the path is going to one 244 00:12:59,720 --> 00:13:02,840 Speaker 2: hundred one thousand plus for bitcoin. I think look at 245 00:13:02,920 --> 00:13:07,520 Speaker 2: how it's reacted in this uncertainty that we've seen during 246 00:13:08,120 --> 00:13:11,839 Speaker 2: the Iran war conflict situation. I think it's telling and 247 00:13:11,960 --> 00:13:13,880 Speaker 2: I think you're going to see investors. I think we're 248 00:13:13,960 --> 00:13:15,959 Speaker 2: to say a very strong second half of here for 249 00:13:16,080 --> 00:13:17,440 Speaker 2: crypto all. 250 00:13:17,400 --> 00:13:22,199 Speaker 1: Right, then there's bitmind immersion that Thomas Lee's entity Tevy 251 00:13:22,240 --> 00:13:26,040 Speaker 1: and ethereum. What about ethereum and what about bitmind immersion? 252 00:13:27,640 --> 00:13:29,720 Speaker 2: Yeah, I mean, look, Tom, you know obviously, I mean, 253 00:13:29,800 --> 00:13:31,959 Speaker 2: you know, a huge believer in everything he does. I 254 00:13:32,040 --> 00:13:35,400 Speaker 2: think he has the vision not just some bitmind, but 255 00:13:35,480 --> 00:13:37,839 Speaker 2: in terms of ethereum. And look the one day I 256 00:13:37,880 --> 00:13:41,280 Speaker 2: say is ethereum has been one of the best asset 257 00:13:41,400 --> 00:13:45,120 Speaker 2: classes the way it's actually traded during this whole Iran 258 00:13:45,360 --> 00:13:48,679 Speaker 2: War conflict. And I think that's just another example is 259 00:13:48,760 --> 00:13:56,080 Speaker 2: showing where you know where. Ultimately, I believe there's opportunities 260 00:13:56,360 --> 00:14:01,320 Speaker 2: here that are not maybe front center for investors because 261 00:14:01,360 --> 00:14:04,000 Speaker 2: we're going through a white knuckle environment. But frank me 262 00:14:04,040 --> 00:14:09,680 Speaker 2: and you talk about COVID liberation day, European debt crisis. 263 00:14:10,120 --> 00:14:12,839 Speaker 2: I could go through many other examples. You know, the 264 00:14:12,920 --> 00:14:15,800 Speaker 2: world's ended ten times the last twenty five years. I'm 265 00:14:15,840 --> 00:14:18,400 Speaker 2: just saying, like, you got to use these opportunities to 266 00:14:18,559 --> 00:14:20,440 Speaker 2: own the tech winners. 267 00:14:21,640 --> 00:14:23,920 Speaker 1: All Right, you mentioned you're in Asia at the moment, 268 00:14:24,040 --> 00:14:26,320 Speaker 1: you're you're a world traveler. Tell us where you are 269 00:14:26,400 --> 00:14:26,680 Speaker 1: right now. 270 00:14:28,680 --> 00:14:32,840 Speaker 2: Yeah, I'm in Bangkok right now. You know, it's part 271 00:14:32,840 --> 00:14:34,640 Speaker 2: of a two week as a trip. You know, it's 272 00:14:35,080 --> 00:14:39,440 Speaker 2: called six seven countries throughout throughout the region. And look, 273 00:14:39,560 --> 00:14:43,120 Speaker 2: it speaks to our v Frank, like you have to 274 00:14:43,280 --> 00:14:47,320 Speaker 2: have feet on the ground globally to understand what's happening 275 00:14:47,400 --> 00:14:51,920 Speaker 2: in tech. A lot of the bears, they're bears from 276 00:14:52,000 --> 00:14:55,400 Speaker 2: the thirty four of New York City office building. And 277 00:14:55,520 --> 00:14:57,360 Speaker 2: I think it's very important. You have to have feed 278 00:14:57,480 --> 00:15:00,360 Speaker 2: on the street. And that to me, everything else from 279 00:15:00,400 --> 00:15:03,400 Speaker 2: Asia in terms of checks, in terms of sentiment, it 280 00:15:03,520 --> 00:15:06,640 Speaker 2: makes me more bullish, not less. But the one thing 281 00:15:06,680 --> 00:15:09,280 Speaker 2: I'd say, Frank, it would be tough. There's you know, 282 00:15:09,360 --> 00:15:12,320 Speaker 2: there's a there's super epic suits you wear. I think 283 00:15:12,360 --> 00:15:14,880 Speaker 2: you'd be pretty hot wearing that here in Bangkok in 284 00:15:14,920 --> 00:15:15,960 Speaker 2: the one hundred degree weather. 285 00:15:17,280 --> 00:15:19,560 Speaker 1: That is amazing. What time is it there in Thailand? 286 00:15:21,200 --> 00:15:24,400 Speaker 2: It's six twenty am, six twenty. 287 00:15:24,200 --> 00:15:27,080 Speaker 1: In the morning in Thailand, four twenty Here in the 288 00:15:27,200 --> 00:15:30,640 Speaker 1: Los Angeles that is absolutely a wonderful and amazing. And 289 00:15:31,240 --> 00:15:34,000 Speaker 1: and what is the mood there in Thailand? Are they 290 00:15:34,040 --> 00:15:37,120 Speaker 1: dependent on the oil coming through the Persian Gulf? Have 291 00:15:37,240 --> 00:15:39,880 Speaker 1: they seen elevated fuel prices there? What's what's the what's 292 00:15:39,920 --> 00:15:41,440 Speaker 1: the topic of conversation there too. 293 00:15:41,520 --> 00:15:45,400 Speaker 2: Yeah, there's been elevated fuel prices. You're seeing it through 294 00:15:45,520 --> 00:15:48,520 Speaker 2: travel in terms of you know, the airlines, they've been 295 00:15:48,560 --> 00:15:51,880 Speaker 2: able to raise prices. Nothing in terms of rationing or 296 00:15:51,920 --> 00:15:55,360 Speaker 2: anything like that. But it also speaks to the view 297 00:15:55,440 --> 00:15:59,200 Speaker 2: like as the street opens up and there's a seafire, 298 00:16:00,320 --> 00:16:04,160 Speaker 2: I'm not seeing it overnight, but you're not really going 299 00:16:04,240 --> 00:16:07,680 Speaker 2: to have a major dentity economic impact in the Asia 300 00:16:08,640 --> 00:16:11,720 Speaker 2: or in the tech supply chain. And that's important is 301 00:16:11,960 --> 00:16:13,320 Speaker 2: all dynamic plays out. 302 00:16:14,880 --> 00:16:16,800 Speaker 1: See you tonight, read about it tomorrow. But here at 303 00:16:16,840 --> 00:16:19,160 Speaker 1: now in Motech on Money spanning the World to bring 304 00:16:19,280 --> 00:16:24,080 Speaker 1: us the latest insights and news. Daniel lives at web 305 00:16:24,200 --> 00:16:27,360 Speaker 1: Bush now in Bangkok, Thailand at a big conference there, 306 00:16:27,400 --> 00:16:29,440 Speaker 1: and we look forward to seeing it on Beverly Hills 307 00:16:29,440 --> 00:16:31,960 Speaker 1: pretty soon for the Milkin Institute Global Law Conference. That's 308 00:16:32,000 --> 00:16:34,880 Speaker 1: going to be fantastic as well, so called Davos of 309 00:16:34,920 --> 00:16:37,120 Speaker 1: Beverly Hills, and you'll be a big part of that 310 00:16:37,440 --> 00:16:39,840 Speaker 1: this year, I understand, Dan, so looking forward to that. 311 00:16:40,040 --> 00:16:42,080 Speaker 1: Thank you so very much for taking the call live 312 00:16:42,120 --> 00:16:45,040 Speaker 1: with the Thanks Frank, thank you very very much. That 313 00:16:45,160 --> 00:16:48,360 Speaker 1: is Daniel lives the world's leading tech analyst, managing director 314 00:16:48,400 --> 00:16:51,640 Speaker 1: in global head of Technology Research and web Bush Securities, 315 00:16:51,680 --> 00:16:54,880 Speaker 1: which happens to be headquartered right here in southern California. 316 00:16:55,800 --> 00:16:58,040 Speaker 1: Live with us here on Motech on Money on seven 317 00:16:58,120 --> 00:17:01,920 Speaker 1: ninety KBC. Motech on Money we continue seven to ninety KABC. 318 00:17:02,120 --> 00:17:05,920 Speaker 1: Following up on yesterday's thirteen hundred point rally for the 319 00:17:06,000 --> 00:17:09,120 Speaker 1: Dow Jones, industrial laverage did out another nearly three hundred today, 320 00:17:09,200 --> 00:17:11,960 Speaker 1: up two seventy six, closing a forty eight thousand and 321 00:17:12,000 --> 00:17:14,320 Speaker 1: one eighty five, the sm P five hundred and forty 322 00:17:14,400 --> 00:17:17,399 Speaker 1: two at sixty eight twenty five, the NASDAC gain one 323 00:17:17,480 --> 00:17:20,800 Speaker 1: eighty seven twenty two thousand and eight twenty two, the 324 00:17:20,880 --> 00:17:22,760 Speaker 1: yield and a tenure note now at four point two 325 00:17:22,800 --> 00:17:26,600 Speaker 1: eight percent. Price of gold edge higher as the dollar 326 00:17:26,800 --> 00:17:29,359 Speaker 1: slipped a bit. We see gold right now harbing just 327 00:17:29,400 --> 00:17:32,800 Speaker 1: below forty eight hundred announced silver at the moment at 328 00:17:32,920 --> 00:17:36,919 Speaker 1: seventy five forty three announce. We'll discuss the precious metals 329 00:17:36,960 --> 00:17:40,119 Speaker 1: coming up here very shortly. Oil, of course, still in focus. 330 00:17:40,240 --> 00:17:43,320 Speaker 1: Given the situation in the Persian Gulf with the Strait 331 00:17:43,359 --> 00:17:46,560 Speaker 1: of Horror moves, it looks like some shipping is getting through. 332 00:17:46,600 --> 00:17:49,720 Speaker 1: At this point, we see oil retreating and lasts a 333 00:17:49,760 --> 00:17:52,040 Speaker 1: couple of days right now, harvering it around ninety eight 334 00:17:52,119 --> 00:17:57,439 Speaker 1: twenty four a barrel in New York and also as 335 00:17:57,520 --> 00:18:01,119 Speaker 1: pulled back in London. We see the global benchmark at 336 00:18:01,400 --> 00:18:05,080 Speaker 1: ninety five ninety two at the moment, of course, the 337 00:18:05,280 --> 00:18:08,520 Speaker 1: damage has been done at southern California gas pumps, where 338 00:18:08,560 --> 00:18:11,959 Speaker 1: we're seeing pretty much every day last two weeks now 339 00:18:12,119 --> 00:18:14,840 Speaker 1: the price of diesel at a record high. Let's bring 340 00:18:14,960 --> 00:18:18,320 Speaker 1: up the latest here right now, according to today's Triple 341 00:18:18,359 --> 00:18:20,520 Speaker 1: A Fuel Gage survey. I'm pulling it up here right 342 00:18:20,600 --> 00:18:23,239 Speaker 1: now as we speak, and this will be the very 343 00:18:23,320 --> 00:18:26,080 Speaker 1: latest news for you here, folks. No need for a 344 00:18:26,200 --> 00:18:27,440 Speaker 1: drum roll, but here it is. 345 00:18:27,560 --> 00:18:27,679 Speaker 4: Now. 346 00:18:28,119 --> 00:18:30,480 Speaker 1: We see a regular six zho three a gallon in 347 00:18:30,560 --> 00:18:33,160 Speaker 1: the La Long Beach area, Premium now at six forty 348 00:18:33,200 --> 00:18:37,400 Speaker 1: two a gallon, and diesel up to seven eighty five 349 00:18:39,040 --> 00:18:41,159 Speaker 1: a gallon. And let me just see if that is 350 00:18:41,200 --> 00:18:45,160 Speaker 1: another record high here today looks like for the first 351 00:18:45,200 --> 00:18:48,080 Speaker 1: time in about two weeks, it is not a record high, 352 00:18:48,560 --> 00:18:52,480 Speaker 1: but just by a fraction, looks like seven eighty six 353 00:18:52,800 --> 00:18:55,120 Speaker 1: is the all time high. We're at seven eighty five 354 00:18:55,280 --> 00:18:58,440 Speaker 1: now for diesel. The average price here in the La 355 00:18:58,640 --> 00:19:04,280 Speaker 1: Long Beach area the Federal Reserves preferred inflation gage showing 356 00:19:04,359 --> 00:19:06,639 Speaker 1: prices today stayed high last month, though it does not 357 00:19:06,720 --> 00:19:11,680 Speaker 1: reveal much about pricing pressures from the Iran war. And 358 00:19:12,040 --> 00:19:13,919 Speaker 1: let's see what else here. We see a Bitcoin at 359 00:19:13,960 --> 00:19:16,280 Speaker 1: the moment at seventy two thousand and five forty two 360 00:19:16,400 --> 00:19:19,480 Speaker 1: of about four hundred ethereum at twenty two hundred and fourteen, 361 00:19:19,920 --> 00:19:23,160 Speaker 1: Doze at the moment at nine cents, strategy of fifty 362 00:19:23,240 --> 00:19:25,640 Speaker 1: six cents today at one twenty eight, and change bitmine 363 00:19:25,680 --> 00:19:28,440 Speaker 1: immersion down forty two cents to twenty one oh eight, 364 00:19:29,280 --> 00:19:32,080 Speaker 1: the magnificent one and Vidia of nearly two today at 365 00:19:32,119 --> 00:19:34,959 Speaker 1: one eighty three, and change Apple at one fifty nine 366 00:19:35,000 --> 00:19:38,359 Speaker 1: at two sixty forty nine. Amazon popped more than twelve 367 00:19:38,400 --> 00:19:41,080 Speaker 1: dollars today at two thirty three sixty five in Tesla 368 00:19:41,560 --> 00:19:44,639 Speaker 1: of two thirty three at three hundred forty five dollars 369 00:19:44,960 --> 00:19:48,120 Speaker 1: fifty eight cents a share. My attack of money continues 370 00:19:48,160 --> 00:19:53,159 Speaker 1: here seven ninety KABC. Looks like the fragile ceasefire continues 371 00:19:53,280 --> 00:19:57,000 Speaker 1: between the US, Israel and Iran. China meanwhile making a 372 00:19:57,119 --> 00:19:59,520 Speaker 1: rare diplomatic foray in the Iran War is noted by 373 00:19:59,520 --> 00:20:02,160 Speaker 1: the Walls Rejournal, nudging Iran to agree to sit down 374 00:20:02,200 --> 00:20:05,960 Speaker 1: for talks with the United States. Beijing's role day note 375 00:20:06,119 --> 00:20:09,440 Speaker 1: was not decisive, but the Chinese leader now is something 376 00:20:09,640 --> 00:20:14,479 Speaker 1: valuable diplomatic capital, some diplomatic capital with President Trump now. 377 00:20:14,520 --> 00:20:17,959 Speaker 1: This burst of diplomatic cooperation appears to be a calculated 378 00:20:18,040 --> 00:20:21,520 Speaker 1: maneuver to sent the stage for President Trump's visit to Beijing, 379 00:20:21,640 --> 00:20:25,000 Speaker 1: which is sent for next month. Joining US Live now 380 00:20:25,200 --> 00:20:28,720 Speaker 1: China expert Gordon Chang, Gatestone Institute, Senior Fellow, author of 381 00:20:28,800 --> 00:20:32,280 Speaker 1: books on China, including his latest plan read China's Project 382 00:20:32,400 --> 00:20:35,320 Speaker 1: to Destroy America on x His handle is Gordon G. Chang, 383 00:20:35,760 --> 00:20:37,560 Speaker 1: and it is to be noted that Gordon Shang will 384 00:20:37,560 --> 00:20:40,639 Speaker 1: be appearing at the inaugural Freedom Awards dinner for the 385 00:20:40,760 --> 00:20:44,800 Speaker 1: Capital Lincoln Club in Sacramento coming up on Saturday, May second, 386 00:20:45,280 --> 00:20:48,800 Speaker 1: Freedom Awards Dinner at the Sutter Club there in Sacramento, 387 00:20:48,960 --> 00:20:51,879 Speaker 1: Ur State Capital. Gordon Chang, thank you very much for 388 00:20:51,960 --> 00:20:53,600 Speaker 1: taking the call live of this year this afternoon. 389 00:20:54,600 --> 00:20:56,400 Speaker 4: Well, thank you, Frank, It's. 390 00:20:56,200 --> 00:20:58,639 Speaker 1: Been a while since we chatted behind live microphones. With 391 00:20:58,720 --> 00:21:03,080 Speaker 1: so many epic developments here today and this week, certainly, 392 00:21:03,160 --> 00:21:06,199 Speaker 1: and give us your assessment of things as far as 393 00:21:06,280 --> 00:21:10,359 Speaker 1: the Persian golf is concerned. And now China's reported involvement here. 394 00:21:11,480 --> 00:21:15,760 Speaker 4: Yeah, China, I'm sure helped broker the ceasefire. But the 395 00:21:15,880 --> 00:21:19,360 Speaker 4: issue now is that the ceasefire is fragile and could 396 00:21:19,520 --> 00:21:23,200 Speaker 4: fall apart because we've seen, for instance, that Iran is 397 00:21:23,400 --> 00:21:26,920 Speaker 4: now charging tolls for ships passing through the Straight and 398 00:21:26,960 --> 00:21:29,720 Speaker 4: Hormuz that was not part of the deal that President 399 00:21:29,800 --> 00:21:33,720 Speaker 4: Trump announced. Also, there's the issue of whether Lebanon was 400 00:21:33,800 --> 00:21:38,000 Speaker 4: included in the ceasefire. Trump says no, the Iranians say yes. 401 00:21:38,640 --> 00:21:44,440 Speaker 4: And Iran fired projectiles or drones into Kuwait recent in 402 00:21:44,520 --> 00:21:49,760 Speaker 4: the last few hours. So we'll see whether this ceasefire holds. Yes, 403 00:21:49,880 --> 00:21:52,600 Speaker 4: China could put it together, but the issue is can 404 00:21:52,760 --> 00:21:54,119 Speaker 4: China keep it together? 405 00:21:55,960 --> 00:21:59,080 Speaker 1: On Your Live with Gordon Chang and Gordon Chang, how 406 00:21:59,160 --> 00:22:02,600 Speaker 1: dependent is a China on Iran's oil and the reopening 407 00:22:02,720 --> 00:22:05,320 Speaker 1: of the Strait of Hormosia, Well. 408 00:22:05,359 --> 00:22:08,480 Speaker 4: China takes eighty last year took eighty seven point two 409 00:22:08,560 --> 00:22:13,000 Speaker 4: percent of Iran's exports of crude. That was somewhere between 410 00:22:13,400 --> 00:22:18,119 Speaker 4: fifteen and twenty three percent of China's imports of seaborn crude. 411 00:22:18,640 --> 00:22:22,200 Speaker 4: But the other issue is China takes at least forty 412 00:22:22,280 --> 00:22:27,200 Speaker 4: five percent, maybe fifty percent of its seaborne oil imports 413 00:22:27,440 --> 00:22:29,600 Speaker 4: through the Strait of Hormones because it buys not only 414 00:22:29,640 --> 00:22:33,080 Speaker 4: from Iran, but Saudi Arabia and other Gulf states. So 415 00:22:33,240 --> 00:22:36,200 Speaker 4: at a time when the Chinese economy is fragile, the 416 00:22:36,320 --> 00:22:39,600 Speaker 4: time when there are oil shocks, it is very dependent 417 00:22:39,760 --> 00:22:41,760 Speaker 4: on piece through the Strait of Hormuz. 418 00:22:43,440 --> 00:22:46,280 Speaker 1: We saw the report earlier this week that Russia appears 419 00:22:46,320 --> 00:22:49,480 Speaker 1: to be helping Iran with intelligence reports on the US 420 00:22:49,960 --> 00:22:54,000 Speaker 1: military moves. What do you think is happening between China 421 00:22:54,040 --> 00:22:56,640 Speaker 1: and Iran when it comes to the military. 422 00:22:57,320 --> 00:23:01,640 Speaker 4: Well, certainly the Chinese have been supplying information to the audience. 423 00:23:01,840 --> 00:23:04,440 Speaker 4: They did that before the war started. There is a 424 00:23:05,080 --> 00:23:10,040 Speaker 4: private Chinese company, miser Vision, that was publishing online photographs 425 00:23:10,200 --> 00:23:13,000 Speaker 4: of the location of US military assets in the region 426 00:23:13,400 --> 00:23:18,120 Speaker 4: along with precise coordinates. Also, China had that large intelligence 427 00:23:18,160 --> 00:23:22,080 Speaker 4: ship off Iron's shores. So I'm sure that they are 428 00:23:22,240 --> 00:23:26,280 Speaker 4: supplying this information and this information has been important because 429 00:23:26,359 --> 00:23:30,200 Speaker 4: the audience have been very good at targeting American assets 430 00:23:30,359 --> 00:23:31,000 Speaker 4: in the region. 431 00:23:33,640 --> 00:23:37,800 Speaker 1: Chinese military assets have been standing down or have they 432 00:23:37,880 --> 00:23:39,280 Speaker 1: increased their presence. 433 00:23:39,000 --> 00:23:39,440 Speaker 3: In the area. 434 00:23:41,000 --> 00:23:46,240 Speaker 4: Well, China itself doesn't have soldiers, sailors, pilots in the region, 435 00:23:46,359 --> 00:23:49,720 Speaker 4: but it has everything else, and that's across the board 436 00:23:49,800 --> 00:23:54,919 Speaker 4: support for Iran's war effort. So there's diplomatic support, propaganda support, 437 00:23:55,040 --> 00:23:59,280 Speaker 4: elevated commodity purchases, and supply of weapons. So for instance, 438 00:23:59,359 --> 00:24:02,919 Speaker 4: those super anti ship cruise missiles that are run fired 439 00:24:03,080 --> 00:24:05,920 Speaker 4: at our Abraham Lincoln at the end of last month, 440 00:24:06,400 --> 00:24:10,920 Speaker 4: those were Chinese. And remember every Runnian weapon with a 441 00:24:11,000 --> 00:24:14,879 Speaker 4: microchip either has a microchip that was manufactured in China 442 00:24:15,400 --> 00:24:19,200 Speaker 4: or was sold to a round through Chinese intermediaries. So 443 00:24:19,680 --> 00:24:23,160 Speaker 4: China is supplying a run with all sorts of weapons, 444 00:24:23,440 --> 00:24:25,640 Speaker 4: and those have been used against America. 445 00:24:27,440 --> 00:24:30,600 Speaker 1: Trying to believe already. Next month is when President Trump 446 00:24:30,680 --> 00:24:32,520 Speaker 1: is supposed to go to China and meet with the 447 00:24:32,720 --> 00:24:35,400 Speaker 1: Chinese leadership. And if you got a chance to see 448 00:24:35,440 --> 00:24:38,720 Speaker 1: that right up in today's Walt Tree Journal. But the 449 00:24:39,040 --> 00:24:43,160 Speaker 1: reported burst of diplomatic cooperation between the US and China 450 00:24:43,160 --> 00:24:46,160 Speaker 1: appears to be a calculated maneuver. They send to set 451 00:24:46,200 --> 00:24:49,400 Speaker 1: the stage for the President's visit to Beijing next month. 452 00:24:50,280 --> 00:24:53,399 Speaker 1: How would you set the table for this meeting? And 453 00:24:53,600 --> 00:24:54,760 Speaker 1: what do you think is going to happen? 454 00:24:55,720 --> 00:25:00,800 Speaker 4: Well, if President Trump prevails in the Persian Gulf before then, 455 00:25:01,320 --> 00:25:03,639 Speaker 4: then the Chinese probably are not going to be too 456 00:25:03,720 --> 00:25:07,720 Speaker 4: happy with the triumphant Trump parading through their capital. But 457 00:25:07,880 --> 00:25:10,080 Speaker 4: if the war is continuing, or if the war is 458 00:25:10,119 --> 00:25:13,040 Speaker 4: not going very well for the US, then President Trump 459 00:25:13,080 --> 00:25:16,560 Speaker 4: shouldn't go because China is an enemy combatant, and he 460 00:25:16,560 --> 00:25:19,879 Speaker 4: shouldn't be going to the capital of an enemy combatant 461 00:25:20,240 --> 00:25:24,359 Speaker 4: during the course of a war. Because China's efforts have 462 00:25:24,520 --> 00:25:28,560 Speaker 4: helped are on kill Americans. So there's a number of 463 00:25:28,680 --> 00:25:31,240 Speaker 4: issues there that have yet to be settled, and we 464 00:25:31,359 --> 00:25:34,960 Speaker 4: won't know really until the second week of May. It's 465 00:25:34,960 --> 00:25:37,920 Speaker 4: supposed to start May fourteenth. We'll have a read I 466 00:25:38,040 --> 00:25:41,520 Speaker 4: think only in the last week before the participated meeting. 467 00:25:42,760 --> 00:25:44,639 Speaker 1: See you tonight, read about it tomorrow, but here at 468 00:25:44,680 --> 00:25:47,080 Speaker 1: now in Motech Money Live on the Air with Gordon Chang, 469 00:25:47,160 --> 00:25:50,320 Speaker 1: Gatestone Institute Senior Fellow China expert and author of books 470 00:25:50,640 --> 00:25:53,480 Speaker 1: on China, including his latest plan Read China's Project to 471 00:25:53,880 --> 00:25:57,919 Speaker 1: Destroy America. What about Venezuela and China here, It's been 472 00:25:57,960 --> 00:26:00,480 Speaker 1: a while since we've had a chance to talk about 473 00:26:00,520 --> 00:26:04,360 Speaker 1: the big changes there, something that we talked about during 474 00:26:04,440 --> 00:26:07,280 Speaker 1: your Lincoln Club appearance here in Los Angeles earlier this year, 475 00:26:07,280 --> 00:26:10,520 Speaker 1: and now everyone's excited about your Lincoln Club Inaugural Freedom 476 00:26:10,560 --> 00:26:14,639 Speaker 1: Awards at dinner appearance in Sacramento. What about China and 477 00:26:15,119 --> 00:26:17,880 Speaker 1: Venezuela and what's happening with Venezuela at this point. 478 00:26:19,119 --> 00:26:22,720 Speaker 4: Well, Venezuela certainly is not a good story for China 479 00:26:22,840 --> 00:26:27,680 Speaker 4: because China dependent dependent on Venezuela to implement Chinese policy 480 00:26:27,760 --> 00:26:33,280 Speaker 4: and initiatives in Latin America. Venezuela was selling discounted oil 481 00:26:33,400 --> 00:26:36,680 Speaker 4: to China. That was a way of paying down the 482 00:26:36,800 --> 00:26:39,639 Speaker 4: debt that the country owes to China. We don't know 483 00:26:39,760 --> 00:26:43,200 Speaker 4: exactly the outstanding balance. Some people say twelve billion, some 484 00:26:43,320 --> 00:26:46,400 Speaker 4: people say fifteen billion, some say a little bit more. 485 00:26:47,400 --> 00:26:50,119 Speaker 4: But China needs that money back and it's not going 486 00:26:50,200 --> 00:26:53,520 Speaker 4: to get it because although the Trump administration is willing 487 00:26:53,560 --> 00:26:57,359 Speaker 4: to have Venezuela sell oil to China, they're not willing 488 00:26:57,440 --> 00:26:59,920 Speaker 4: to allow Venezuela to sell it at a discount. 489 00:27:00,240 --> 00:27:04,400 Speaker 1: Basis all right, and now a lot of attention focused 490 00:27:04,440 --> 00:27:07,440 Speaker 1: on Cuba while we're in that region here. Cuba and 491 00:27:07,560 --> 00:27:13,160 Speaker 1: China of course also very very close since Fidel Castro's 492 00:27:13,400 --> 00:27:16,359 Speaker 1: regime took power in the late fifties. What do you 493 00:27:16,400 --> 00:27:17,600 Speaker 1: think is gonna happen with Cuba here? 494 00:27:19,760 --> 00:27:24,639 Speaker 4: I think that the regime probably will not survive. Of course, 495 00:27:25,040 --> 00:27:29,320 Speaker 4: there's so many imponderables. But the point I think is 496 00:27:29,400 --> 00:27:33,120 Speaker 4: that Trump, whatever happens, if he comes to some sort 497 00:27:33,160 --> 00:27:37,480 Speaker 4: of agreement with the regime, he's going to require the 498 00:27:37,560 --> 00:27:40,359 Speaker 4: regime to get rid of those four Chinese listening posts 499 00:27:40,480 --> 00:27:43,919 Speaker 4: on cube and soil, including the one at Lortis Lordias. 500 00:27:44,040 --> 00:27:47,080 Speaker 4: Was really important because it was the biggest listening post 501 00:27:47,160 --> 00:27:51,520 Speaker 4: for the Soviet Union outside its borders, and now China 502 00:27:51,560 --> 00:27:55,240 Speaker 4: has taken it over plus started three more listening posts. 503 00:27:55,560 --> 00:27:58,520 Speaker 4: The United States wants those close, and I'm sure that 504 00:27:58,600 --> 00:28:00,959 Speaker 4: Trump is going to make sure that they get closed 505 00:28:01,000 --> 00:28:04,200 Speaker 4: one way or another, whatever happens to the Canal regime. 506 00:28:04,320 --> 00:28:07,960 Speaker 1: Right now, You'll be speaking Saturday, May second at the 507 00:28:08,040 --> 00:28:13,440 Speaker 1: Sutter Club in Sacramento at the inaugural Lincoln Club Awards 508 00:28:13,480 --> 00:28:16,639 Speaker 1: Dinner Freedom Awards Dinner, and I see The subject of 509 00:28:16,760 --> 00:28:20,880 Speaker 1: your keynote is California, the front lined against China's assault 510 00:28:21,000 --> 00:28:23,080 Speaker 1: on America. Can you give us a preview of what 511 00:28:23,119 --> 00:28:24,480 Speaker 1: you're going to tell the audience there? 512 00:28:26,240 --> 00:28:30,040 Speaker 4: China has been using California against the United States. One 513 00:28:30,119 --> 00:28:34,960 Speaker 4: example is the secret Chinese biological weapons lab at Redley, California, 514 00:28:35,359 --> 00:28:39,080 Speaker 4: near Fresno in the Central Valley that had almost a 515 00:28:39,160 --> 00:28:41,920 Speaker 4: thousand mice that have been genetically engineered to spread disease 516 00:28:42,400 --> 00:28:46,080 Speaker 4: and also at least twenty pathogens. Many of them were 517 00:28:46,200 --> 00:28:49,160 Speaker 4: deadly diseases, including a bola. And the one thing I 518 00:28:49,200 --> 00:28:53,080 Speaker 4: will mention is a bola is now the subject of 519 00:28:53,200 --> 00:28:56,680 Speaker 4: studies at the Wuhan Institute of Virology, which means they're 520 00:28:56,680 --> 00:29:00,240 Speaker 4: trying to weaponize it. A bulla in nature has a 521 00:29:00,320 --> 00:29:04,720 Speaker 4: fifty percent fpitality rate. So this is a critical importance 522 00:29:04,800 --> 00:29:08,160 Speaker 4: to the American people, and it's a California issue, as 523 00:29:08,360 --> 00:29:11,040 Speaker 4: there are other California issues with regard to China. 524 00:29:12,000 --> 00:29:13,600 Speaker 1: Thank you for sharing that, and I'm sure it's going 525 00:29:13,640 --> 00:29:17,400 Speaker 1: to be a landmark evening celebrating the Great Club, the 526 00:29:17,720 --> 00:29:20,360 Speaker 1: Sutter Club, and the Lincoln Club, the Capitol Lincoln Club 527 00:29:20,400 --> 00:29:23,840 Speaker 1: in Sacramento and folks can get more information about that. 528 00:29:24,800 --> 00:29:26,960 Speaker 1: Capital Lincoln Club is one way to do that. The 529 00:29:27,040 --> 00:29:29,320 Speaker 1: Sutter Club in Sacramento is another way to do that, 530 00:29:29,480 --> 00:29:33,400 Speaker 1: and I'm sure people can easily find more information online 531 00:29:33,440 --> 00:29:36,760 Speaker 1: about it. On Gordon Chang's keynote speech Saturday, May second 532 00:29:37,080 --> 00:29:39,840 Speaker 1: at the Sutter Club in Sacramento. Gordon Chang, thank you 533 00:29:40,040 --> 00:29:42,000 Speaker 1: very very much for taking the call live of this 534 00:29:42,080 --> 00:29:42,800 Speaker 1: year this afternoon. 535 00:29:43,760 --> 00:29:45,280 Speaker 4: Well, thank you so much, Frank. 536 00:29:45,840 --> 00:29:49,080 Speaker 1: Appreciated very much. That is China Expert Gordon Chang, Gatestone 537 00:29:49,120 --> 00:29:53,600 Speaker 1: Institute's Senior Fellow. His latest book Plan Read China's Project 538 00:29:53,640 --> 00:29:56,040 Speaker 1: to Destroy America, and once again on next his handle 539 00:29:56,160 --> 00:29:58,440 Speaker 1: is Gordon G. Chang Live with this year no Tech 540 00:29:58,520 --> 00:30:01,560 Speaker 1: on Money seven ninety k Motack of Money continues here 541 00:30:01,680 --> 00:30:05,360 Speaker 1: seven ninety KABC. Gold and Silver still shining. Gold price 542 00:30:05,480 --> 00:30:09,000 Speaker 1: is moving higher today on a weaker dollar, investors assessing 543 00:30:09,040 --> 00:30:12,840 Speaker 1: the durability of that fragile ceasefire between the US and 544 00:30:13,000 --> 00:30:15,760 Speaker 1: Taeyron and awaiting the release of the March Consumer Price 545 00:30:15,840 --> 00:30:18,720 Speaker 1: Index that'll be coming out on Friday. Today, we got 546 00:30:18,720 --> 00:30:23,200 Speaker 1: another reading on inflation, the FED supposed favorite gauge of inflation, 547 00:30:23,320 --> 00:30:26,240 Speaker 1: which came in a bit hotter than expected for last month. 548 00:30:27,240 --> 00:30:29,840 Speaker 1: Let's bring in the experts here on gold and silver. 549 00:30:29,960 --> 00:30:33,600 Speaker 1: Barry Steppler, founder of Stepler and Company and min State Gold, 550 00:30:33,720 --> 00:30:36,520 Speaker 1: also co founder of the Accredited Precious Metals Dealers and 551 00:30:36,880 --> 00:30:40,600 Speaker 1: former head of the American Numismatic Association. Barry Stepler, thank 552 00:30:40,640 --> 00:30:43,520 Speaker 1: you very much for taking the call here this afternoon. 553 00:30:45,040 --> 00:30:46,960 Speaker 3: I always look forward to talking to you, Frank. 554 00:30:47,440 --> 00:30:49,240 Speaker 1: Yeah, and it's been a while since we chatted behind 555 00:30:49,320 --> 00:30:53,720 Speaker 1: live microphones, and we've seen wild moves in gold and silver, 556 00:30:53,920 --> 00:30:57,280 Speaker 1: recently coming off the all time highs, but historically still 557 00:30:57,320 --> 00:30:59,760 Speaker 1: way up there. I see gold hovering around forty eight 558 00:30:59,800 --> 00:31:02,080 Speaker 1: high undred here at the moment. Give us your assessment 559 00:31:02,120 --> 00:31:04,680 Speaker 1: of the latest moves in the precious metals prices. 560 00:31:06,280 --> 00:31:09,520 Speaker 3: Well, at the beginning of the year, gold was there 561 00:31:09,560 --> 00:31:13,920 Speaker 3: at forty three to twenty five, and then by January 562 00:31:14,040 --> 00:31:16,720 Speaker 3: twenty ninth, it had got up to the all time 563 00:31:16,920 --> 00:31:19,560 Speaker 3: high of fifty five to eighty, which was a twenty 564 00:31:19,640 --> 00:31:24,800 Speaker 3: five percent increase in the price, an extraordinary volatility. And 565 00:31:24,920 --> 00:31:29,200 Speaker 3: then after we saw what broke the Iranian war broke out, 566 00:31:29,480 --> 00:31:33,520 Speaker 3: we saw a dramatic decline, a twenty five percent decline 567 00:31:33,600 --> 00:31:37,040 Speaker 3: down to forty one hundred dollars by March twenty third. 568 00:31:38,160 --> 00:31:42,080 Speaker 3: This volatility. I've been in the trading in gold for 569 00:31:42,280 --> 00:31:45,720 Speaker 3: over fifty years. I've never seen this type of volatility, 570 00:31:46,080 --> 00:31:48,520 Speaker 3: and a lot of it has to do with Obviously, 571 00:31:49,000 --> 00:31:52,280 Speaker 3: people are concerned about what's happening around the world, central 572 00:31:52,360 --> 00:31:55,960 Speaker 3: banks buying, the not buying the Many of the Middle 573 00:31:56,000 --> 00:32:00,560 Speaker 3: East countries which we have bought gold on a regular bases, 574 00:32:01,000 --> 00:32:04,480 Speaker 3: stop stop buying because they're concerned about the money they 575 00:32:04,560 --> 00:32:09,160 Speaker 3: may need to rebuild their infrastructure after the drones, Iranian 576 00:32:09,240 --> 00:32:13,000 Speaker 3: drones and so on. So we're seeing a lot of volatility. However, 577 00:32:13,160 --> 00:32:16,080 Speaker 3: right now gold seems to be building a good base 578 00:32:16,200 --> 00:32:20,800 Speaker 3: above forty five hundred, and if the war got settled tomorrow, 579 00:32:23,080 --> 00:32:26,720 Speaker 3: gold would probably go back over five thousand. If we 580 00:32:27,080 --> 00:32:30,040 Speaker 3: didn't have a settlement and we kept on the hostilities, 581 00:32:30,360 --> 00:32:34,040 Speaker 3: it could possibly test forty five hundred. But right now 582 00:32:34,120 --> 00:32:38,800 Speaker 3: we're seeing good support renewed central bank buying, which is 583 00:32:38,880 --> 00:32:41,600 Speaker 3: a great sign. And the same thing's happening in silver. 584 00:32:41,960 --> 00:32:45,920 Speaker 3: We had more volatility and silver silver started it started 585 00:32:46,000 --> 00:32:48,760 Speaker 3: the year around twenty nine dollars and then got up 586 00:32:48,800 --> 00:32:51,520 Speaker 3: to as high as one hundred and twenty one dollars 587 00:32:51,920 --> 00:32:55,240 Speaker 3: on the same day. Gold reached its high on January 588 00:32:55,360 --> 00:32:58,640 Speaker 3: twenty ninth. Then after the war broke out, we saw 589 00:32:59,000 --> 00:33:01,760 Speaker 3: silver op to his life, was sixty one dollars on 590 00:33:01,920 --> 00:33:06,400 Speaker 3: March twenty third. That's incredible. Right now, silver's trading right 591 00:33:06,440 --> 00:33:10,320 Speaker 3: around seventy five dollars, trying to build a base above 592 00:33:10,440 --> 00:33:13,720 Speaker 3: seventy dollars, so it can obviously move on higher. So 593 00:33:14,240 --> 00:33:17,600 Speaker 3: the volatility in the market is extraordinary, Frank if I've 594 00:33:17,680 --> 00:33:21,920 Speaker 3: never seen anything like this before, and it's a lot 595 00:33:22,080 --> 00:33:25,960 Speaker 3: of the information that's coming out is moving the market. 596 00:33:27,000 --> 00:33:30,719 Speaker 1: It's wonderful you're with us to share your expertise. Are 597 00:33:30,760 --> 00:33:32,840 Speaker 1: on the line with Barry Stuffer, the founder of Stuffer 598 00:33:32,880 --> 00:33:35,160 Speaker 1: and Company and min State Gold headquartered by the way 599 00:33:35,240 --> 00:33:39,440 Speaker 1: right here in southern California in Woodland Hills, and Barry Stubbler. 600 00:33:39,520 --> 00:33:41,880 Speaker 1: Since you're on the front line of all this, are 601 00:33:41,920 --> 00:33:44,160 Speaker 1: people buying or selling these days? 602 00:33:45,880 --> 00:33:49,160 Speaker 3: It was interesting last week we saw a bunch of sellers. 603 00:33:50,680 --> 00:33:54,000 Speaker 3: Most of my clients have been around, have been in 604 00:33:54,080 --> 00:33:56,959 Speaker 3: their gold thirty forty years, so they have a substantial 605 00:33:57,080 --> 00:33:59,520 Speaker 3: profit and taking a little bit of profit when they 606 00:34:00,120 --> 00:34:02,800 Speaker 3: they need the money, that's one thing. But just recently 607 00:34:03,240 --> 00:34:06,920 Speaker 3: this week looks like we're going into peace talks. I've 608 00:34:06,920 --> 00:34:09,360 Speaker 3: saw a lot of them coming back and buying, so 609 00:34:10,880 --> 00:34:14,560 Speaker 3: they play the trends, and right now I'm seeing more 610 00:34:14,640 --> 00:34:18,920 Speaker 3: buying than selling, and mostly in the billion coins, but 611 00:34:19,360 --> 00:34:22,440 Speaker 3: the rare coin market gold rare coin market has been 612 00:34:22,480 --> 00:34:26,439 Speaker 3: extraordinarily strong even the entire year, even in the light 613 00:34:26,760 --> 00:34:29,480 Speaker 3: of the volatility in the bullion. We're seeing a lot 614 00:34:29,560 --> 00:34:33,160 Speaker 3: of more long term people that are looking for bargains 615 00:34:33,560 --> 00:34:38,480 Speaker 3: in numismatic coins that are gold based, that are considered 616 00:34:38,520 --> 00:34:42,080 Speaker 3: gold bullion plus, so they have a premium because of 617 00:34:42,200 --> 00:34:44,640 Speaker 3: their rarity. We're seeing a lot of activity in that 618 00:34:44,960 --> 00:34:47,359 Speaker 3: because they were at bargain prices and they're still at 619 00:34:47,400 --> 00:34:48,480 Speaker 3: bargain prices. 620 00:34:49,000 --> 00:34:52,600 Speaker 1: When you ask about that. Obviously there's the physical weight 621 00:34:52,880 --> 00:34:55,279 Speaker 1: of the gold contents and all that, but then some 622 00:34:55,440 --> 00:34:59,560 Speaker 1: coins obviously have additional value, nimismatic value. You're also the 623 00:34:59,600 --> 00:35:04,040 Speaker 1: expert on all of that. What's the most desirable nowadays? 624 00:35:05,200 --> 00:35:09,800 Speaker 1: US coins as well as other international coins that you 625 00:35:09,800 --> 00:35:11,320 Speaker 1: would like to bring to our attention. 626 00:35:13,200 --> 00:35:16,560 Speaker 3: Well, when we're talking bullion coins, these are American gold 627 00:35:16,640 --> 00:35:20,080 Speaker 3: eagles can be in maple leafs, South African cougar rans, 628 00:35:20,480 --> 00:35:25,800 Speaker 3: south of Australian kangaroos. These are items that trade based 629 00:35:25,880 --> 00:35:29,319 Speaker 3: upon their gold weight plus a small premium. When you're 630 00:35:29,400 --> 00:35:33,239 Speaker 3: talking about something that has some numismatic value, typically it's 631 00:35:33,280 --> 00:35:36,560 Speaker 3: either the modern issue gold coins that are proof conditioned 632 00:35:37,120 --> 00:35:40,600 Speaker 3: or the older coins that are nineteen thirty three and before, 633 00:35:41,080 --> 00:35:43,759 Speaker 3: like a twenty dollars old Saint Gods. These are very 634 00:35:43,840 --> 00:35:47,040 Speaker 3: popular because they're not trading at any type of high 635 00:35:47,120 --> 00:35:50,439 Speaker 3: premium that they used to, so the premium is extremely low. 636 00:35:50,840 --> 00:35:53,640 Speaker 3: And these are coins that are in MS sixty three 637 00:35:53,840 --> 00:35:57,600 Speaker 3: quality or brilliant uncirculated, and they're in many cases one 638 00:35:57,680 --> 00:36:01,000 Speaker 3: hundred year old or more. So you're talking about coins 639 00:36:01,040 --> 00:36:04,560 Speaker 3: that have an historic value and numismatic value as well 640 00:36:04,600 --> 00:36:08,279 Speaker 3: as a bullion support level. So that's that's what we're 641 00:36:08,320 --> 00:36:11,360 Speaker 3: seeing right now. A lot of activity, indeed, plus a 642 00:36:11,440 --> 00:36:16,040 Speaker 3: lot of European coins, the franch Euster, the British Sovereign, 643 00:36:16,840 --> 00:36:21,520 Speaker 3: the Swiss Helveisia. These are all smaller coins. They're about 644 00:36:22,120 --> 00:36:24,600 Speaker 3: a fifth quarter of an ounce and they're trading at 645 00:36:24,600 --> 00:36:27,719 Speaker 3: a very small premium also, and again they're over one 646 00:36:27,760 --> 00:36:31,360 Speaker 3: hundred years old. So a lot of people like because 647 00:36:31,760 --> 00:36:36,200 Speaker 3: they have historic value, they have numismatic value, and you're 648 00:36:36,280 --> 00:36:38,040 Speaker 3: not paying much more than the gold content. 649 00:36:38,800 --> 00:36:41,840 Speaker 1: And then the German marks right five, ten and twenty 650 00:36:41,960 --> 00:36:45,280 Speaker 1: that people survived on those gold coins during the Weimara 651 00:36:45,400 --> 00:36:46,600 Speaker 1: inflation days and all that. 652 00:36:48,360 --> 00:36:51,000 Speaker 3: You know, the German twenty mark is probably the most 653 00:36:51,080 --> 00:36:53,880 Speaker 3: popular law because it's about a quarter of an ounce, 654 00:36:54,280 --> 00:36:56,960 Speaker 3: and it trades have a little higher premium. It's not 655 00:36:57,080 --> 00:37:02,600 Speaker 3: as actively traded as the French, the British and Swiss, 656 00:37:02,719 --> 00:37:05,560 Speaker 3: but we're out there and they're trading, but their premium 657 00:37:05,600 --> 00:37:07,799 Speaker 3: is a little bit higher, so most people are looking 658 00:37:07,840 --> 00:37:08,640 Speaker 3: at the other toys. 659 00:37:09,480 --> 00:37:13,000 Speaker 1: Very interesting. Well, appreciate your enlightening us as always, Barry, 660 00:37:13,040 --> 00:37:15,239 Speaker 1: and we'll continue to follow all this with you. And 661 00:37:16,000 --> 00:37:19,440 Speaker 1: I'm so glad you were available today for that comprehensive update. 662 00:37:19,520 --> 00:37:21,920 Speaker 1: That is Barry Steppler the founder of Stepper and Company 663 00:37:21,960 --> 00:37:25,200 Speaker 1: based on Wolden Hills, also mins State Gold, co founder 664 00:37:25,200 --> 00:37:27,920 Speaker 1: of the Accredited Precious Metals Dealers, and former head of 665 00:37:27,920 --> 00:37:31,279 Speaker 1: the American Numismatic Association. Barry Stepper, thank you again very 666 00:37:31,360 --> 00:37:36,120 Speaker 1: much for joining us live here this afternoon. My play Frank, 667 00:37:37,200 --> 00:37:39,359 Speaker 1: thank you very much Stay tuned now for the seven 668 00:37:39,440 --> 00:37:41,920 Speaker 1: ninety KBC News Blitz with Randy Wang, and I'll be 669 00:37:42,000 --> 00:37:43,680 Speaker 1: back on the ar at six o'clock this evening for 670 00:37:43,719 --> 00:37:46,520 Speaker 1: the Way Home Radio show and podcast. I'll be back 671 00:37:46,560 --> 00:37:48,600 Speaker 1: on the air with the CEO of the Union Rescummission, 672 00:37:48,640 --> 00:37:51,480 Speaker 1: Mark Good. So stay tuned at six o'clock right here 673 00:37:51,640 --> 00:37:52,960 Speaker 1: on seven ninety KBC.