1 00:00:00,240 --> 00:00:02,520 Speaker 1: Good afternoon, getting right down the business here. We are 2 00:00:02,560 --> 00:00:06,560 Speaker 1: doing it live, doing more at four weekly afternoons. Motech 3 00:00:06,600 --> 00:00:09,320 Speaker 1: on Money Live on the Earth seven ninety KBC streaming 4 00:00:09,320 --> 00:00:11,879 Speaker 1: live online worldwide at KBC dot com and the on 5 00:00:11,920 --> 00:00:16,960 Speaker 1: demand Motech of Money podcast KBC dot com, Apple, iTunes, Spotify, YouTube, 6 00:00:17,040 --> 00:00:21,240 Speaker 1: all your favorite podcast platforms. Stocks on the rebound today, 7 00:00:21,280 --> 00:00:24,599 Speaker 1: with tech names leading the way out weighing losses in 8 00:00:24,840 --> 00:00:27,000 Speaker 1: energy names as the price of oil pulled back. We 9 00:00:27,040 --> 00:00:29,320 Speaker 1: did see the Dow today pop three hundred five points 10 00:00:29,360 --> 00:00:32,240 Speaker 1: higher at forty six four to twenty nine, the S 11 00:00:32,280 --> 00:00:35,080 Speaker 1: and P five hundred and thirty five, and the NASDAC 12 00:00:35,120 --> 00:00:37,239 Speaker 1: gained one hundred and sixty eight points. The olden the 13 00:00:37,280 --> 00:00:41,400 Speaker 1: tenure note ease to four point three three percent oil. 14 00:00:41,400 --> 00:00:44,040 Speaker 1: Of course, in focus, given what's happening with the Iran 15 00:00:44,479 --> 00:00:46,720 Speaker 1: and the ongoing war, we see a Brent crew the 16 00:00:46,800 --> 00:00:50,800 Speaker 1: international benchmark moving lower to one hundred two dollars and change, 17 00:00:51,280 --> 00:00:54,560 Speaker 1: and it looks like the West Texas Intermediate price in 18 00:00:54,600 --> 00:00:57,600 Speaker 1: New York now quoted at ninety one six a barrel. 19 00:00:58,280 --> 00:01:00,640 Speaker 1: The US run war is still top of mind on 20 00:01:00,760 --> 00:01:04,319 Speaker 1: Wall Street and for consumers impacting what's happening at the 21 00:01:04,360 --> 00:01:07,600 Speaker 1: gas pumps here in southern California. We're seeing the damage 22 00:01:07,640 --> 00:01:10,280 Speaker 1: done with diesel at an all time high for the 23 00:01:10,319 --> 00:01:13,120 Speaker 1: second day in a row. Keeping an eye on what's 24 00:01:13,120 --> 00:01:15,960 Speaker 1: happening at the consumer level as well. Here, we're going 25 00:01:16,040 --> 00:01:19,399 Speaker 1: to be talking to our buddy today, that is our 26 00:01:19,560 --> 00:01:23,120 Speaker 1: gas buddy, Patrick de'han with gasbuddy dot com. As the 27 00:01:23,319 --> 00:01:26,080 Speaker 1: price of diesel has moved higher to seven fourteen a 28 00:01:26,160 --> 00:01:28,840 Speaker 1: gallon on average in the La Long Beach airry of 29 00:01:28,880 --> 00:01:31,720 Speaker 1: some stations, even higher than that, looks like five ninety four. Now, 30 00:01:31,760 --> 00:01:34,760 Speaker 1: the average price for regular gas premium is all the 31 00:01:34,800 --> 00:01:38,160 Speaker 1: way up to six thirty three. The regular price, by 32 00:01:38,200 --> 00:01:41,200 Speaker 1: the way, is about fifty or sixty cents below its 33 00:01:41,440 --> 00:01:44,520 Speaker 1: all time high, which we saw last back in twenty 34 00:01:44,600 --> 00:01:48,240 Speaker 1: twenty two. Meta stock holding on to some of its 35 00:01:48,440 --> 00:01:50,920 Speaker 1: gains today after a landmark court ruling that you heard 36 00:01:50,960 --> 00:01:52,760 Speaker 1: at the top of the hour coming down against the 37 00:01:53,160 --> 00:01:57,760 Speaker 1: social media giant and Alphabet's YouTube. Meta shares moving higher today, 38 00:01:57,800 --> 00:02:00,880 Speaker 1: slightly down from where they were earlier when the jury 39 00:02:01,000 --> 00:02:07,680 Speaker 1: verdict came out. Alphabet shares also inched slightly higher. What 40 00:02:07,760 --> 00:02:10,239 Speaker 1: else is happening? Price of gold all over the place, 41 00:02:10,360 --> 00:02:13,079 Speaker 1: rising today back to forty five hundred and forty nine 42 00:02:13,120 --> 00:02:16,720 Speaker 1: in change, and a sign that gold starting to reverse 43 00:02:16,800 --> 00:02:19,920 Speaker 1: the recent route. According to the Wall Street Journal, gold 44 00:02:20,000 --> 00:02:23,720 Speaker 1: considered a safe haven the shields investors against inflation and geopolitics, 45 00:02:23,720 --> 00:02:27,120 Speaker 1: but gold has dropped thirteen percent since the Israeli US 46 00:02:27,160 --> 00:02:30,840 Speaker 1: war against Iran began. One potential reason is after surging 47 00:02:30,880 --> 00:02:33,600 Speaker 1: fifty one percent over the past year, the precious metal 48 00:02:33,639 --> 00:02:36,320 Speaker 1: became the obvious thing to sell when the war started. 49 00:02:36,880 --> 00:02:39,959 Speaker 1: According to the Journal, market sentiment appeared to improve today 50 00:02:40,000 --> 00:02:43,520 Speaker 1: after President Trump suggested that Iran had offered a present 51 00:02:43,840 --> 00:02:46,359 Speaker 1: in his words, related to oil and gas, while mediators 52 00:02:46,400 --> 00:02:49,280 Speaker 1: from Turkey, Egypt, and Pakistan are pushing to arrange a 53 00:02:49,400 --> 00:02:53,840 Speaker 1: US Iran meeting by Thursday. Keep me a close watch 54 00:02:53,840 --> 00:02:56,280 Speaker 1: on all of that. Ev Makers meanwhile sharing the higher 55 00:02:56,280 --> 00:02:58,799 Speaker 1: gas and oil prices as consumers take another look at 56 00:02:58,840 --> 00:03:02,840 Speaker 1: electric Also, Los Angeles is rolling out new speed trap cameras. 57 00:03:03,160 --> 00:03:05,200 Speaker 1: We'll get an update on all that or and fixed 58 00:03:05,320 --> 00:03:07,359 Speaker 1: later this hour. Co host of The Drive Car Show 59 00:03:07,400 --> 00:03:10,840 Speaker 1: syndicated radio program and founder of The Car Coach reports 60 00:03:10,880 --> 00:03:14,600 Speaker 1: on YouTube. But first, on your money, the markets, the economy, 61 00:03:14,600 --> 00:03:16,320 Speaker 1: and the whole works. Now joining us live the one 62 00:03:16,360 --> 00:03:18,600 Speaker 1: and only John de Jerian, doctor Jay's he's known on 63 00:03:18,680 --> 00:03:21,840 Speaker 1: the major financial networks, co founder of Market Rebellion co 64 00:03:21,919 --> 00:03:23,960 Speaker 1: owth through the book It's Not an Option with his 65 00:03:24,000 --> 00:03:27,200 Speaker 1: brother Pete Nigerian. Last time I checked, you had the 66 00:03:27,320 --> 00:03:29,120 Speaker 1: laser eyes on. We're going to get an update on 67 00:03:29,160 --> 00:03:31,400 Speaker 1: that too. Following the cryptos, John A. Jerian, thank you 68 00:03:31,520 --> 00:03:33,799 Speaker 1: very much for taking the call here this afternoon. 69 00:03:34,639 --> 00:03:38,160 Speaker 2: Always a pleasure, Frank, thank you very much. It's nice 70 00:03:38,200 --> 00:03:39,200 Speaker 2: to be back with you, sir. 71 00:03:39,680 --> 00:03:41,880 Speaker 1: Wonderful to hear your voice and have you back with 72 00:03:42,000 --> 00:03:44,040 Speaker 1: us live here. And it's always a great day when 73 00:03:44,040 --> 00:03:46,920 Speaker 1: you're on the line. And indeed, the market was positive 74 00:03:46,960 --> 00:03:50,040 Speaker 1: today and we're watching what's happening in the Middle East 75 00:03:50,240 --> 00:03:52,280 Speaker 1: with the price of oil, gold all over the place 76 00:03:52,360 --> 00:03:56,320 Speaker 1: lately and Bitcoin holding up pretty well lately. First of all, 77 00:03:56,360 --> 00:03:58,440 Speaker 1: do you still have the laser eyes on? And let's 78 00:03:58,440 --> 00:03:59,920 Speaker 1: start with the crypto action. 79 00:04:01,160 --> 00:04:08,400 Speaker 2: Sure. Well, prior to the announcement over the weekend, basically 80 00:04:08,600 --> 00:04:13,000 Speaker 2: just into Monday morning, the cryptos were being hit. I 81 00:04:13,040 --> 00:04:16,919 Speaker 2: think bitcoin was down to sixty six y five or 82 00:04:16,960 --> 00:04:21,120 Speaker 2: something like that, and people were thinking maybe this was 83 00:04:21,200 --> 00:04:24,160 Speaker 2: the time they were going to see it hit sixty thousand, 84 00:04:25,040 --> 00:04:30,200 Speaker 2: but that turned around to news the president's announcement about 85 00:04:30,720 --> 00:04:36,479 Speaker 2: peace talks moving forward and the potential for some sort 86 00:04:36,520 --> 00:04:42,880 Speaker 2: of negotiations were confirmed finally by members of Iran. I 87 00:04:42,880 --> 00:04:45,279 Speaker 2: don't even know who you'd actually listen to to figure 88 00:04:45,279 --> 00:04:48,680 Speaker 2: out if that's real. But the good news is that 89 00:04:48,880 --> 00:04:52,720 Speaker 2: crypto did pop all the way back into the I 90 00:04:52,760 --> 00:04:56,760 Speaker 2: think bitcoin today seventy one and changed into the high 91 00:04:56,839 --> 00:05:01,000 Speaker 2: seventy ones, which was obviously five thousand dollars better than 92 00:05:01,040 --> 00:05:06,640 Speaker 2: where it was Sunday night. So I think there's I'm 93 00:05:06,640 --> 00:05:10,520 Speaker 2: not saying games being played, Frank, but I will say 94 00:05:10,600 --> 00:05:14,880 Speaker 2: that there's something called a bash and stash that was 95 00:05:14,960 --> 00:05:19,039 Speaker 2: going on with gold and silver, and what is a 96 00:05:19,080 --> 00:05:22,960 Speaker 2: bash and stash? That's where, for a host of reasons, 97 00:05:23,360 --> 00:05:29,440 Speaker 2: various big international banks, in particular those in France were 98 00:05:29,720 --> 00:05:35,360 Speaker 2: smashing silver and gold in the United States. They were 99 00:05:35,400 --> 00:05:39,720 Speaker 2: selling out of their stash there and then buying it overseas, 100 00:05:40,600 --> 00:05:45,640 Speaker 2: and that process of doing that, of course pushed the 101 00:05:45,720 --> 00:05:50,160 Speaker 2: price of silver down, as they were selling silver very 102 00:05:50,160 --> 00:05:54,880 Speaker 2: aggressively in United States in US dollars, and then they 103 00:05:54,880 --> 00:06:00,400 Speaker 2: were basically and will probably for months and months stock 104 00:06:00,440 --> 00:06:05,080 Speaker 2: it over in France and over in Switzerland. And if 105 00:06:05,120 --> 00:06:09,360 Speaker 2: that process continues, I think we could see silver rebound, 106 00:06:09,680 --> 00:06:13,400 Speaker 2: just like gold could rebound, perhaps not to the highs, 107 00:06:14,279 --> 00:06:17,800 Speaker 2: but very possibly. This is a better way for them 108 00:06:17,920 --> 00:06:22,760 Speaker 2: to be able to move it to their domicile rather 109 00:06:22,839 --> 00:06:26,000 Speaker 2: than try to fly it out or ship it out. 110 00:06:26,839 --> 00:06:28,880 Speaker 1: That is very interesting. We have not heard that Onto 111 00:06:28,880 --> 00:06:31,760 Speaker 1: Your Live with Doctor j. John Degerian, as he's known 112 00:06:31,800 --> 00:06:35,320 Speaker 1: on the major financial networks, co founder Market Rebellion, author 113 00:06:35,320 --> 00:06:38,880 Speaker 1: of the book It's not an option stash and we'll 114 00:06:38,920 --> 00:06:43,440 Speaker 1: add dash it sounds like to this as well, that's right, right, And. 115 00:06:44,200 --> 00:06:49,040 Speaker 2: You definitely feel like like you just need a dash 116 00:06:49,080 --> 00:06:52,719 Speaker 2: of something, perhaps some adult beverage. If you've been watching 117 00:06:52,760 --> 00:06:55,560 Speaker 2: the price of that, I think it was down at 118 00:06:55,560 --> 00:07:02,000 Speaker 2: one point forty three forty four percent from the high 119 00:07:02,120 --> 00:07:06,720 Speaker 2: silver that is. And boy, we've seen an eight day 120 00:07:06,880 --> 00:07:10,640 Speaker 2: in a row decline for crude oil and then it 121 00:07:10,720 --> 00:07:13,200 Speaker 2: was followed up by a nine day in a road 122 00:07:13,240 --> 00:07:17,800 Speaker 2: decline for crude oil. And that is something that I 123 00:07:17,840 --> 00:07:21,720 Speaker 2: think a lot of people weren't really counting on. Was 124 00:07:21,840 --> 00:07:25,200 Speaker 2: the idea that certainly we all thought it would be deerer, 125 00:07:25,960 --> 00:07:32,400 Speaker 2: and perhaps you hoarded by people and prices pushing higher. 126 00:07:32,920 --> 00:07:34,960 Speaker 2: But I think an awful lot of people hit the 127 00:07:35,360 --> 00:07:38,440 Speaker 2: cell switch when it got up there around one twenty 128 00:07:38,560 --> 00:07:42,480 Speaker 2: or one nineteen, just two weeks ago, and they haven't 129 00:07:42,520 --> 00:07:47,000 Speaker 2: stopped really selling since. The more we see ships going 130 00:07:47,040 --> 00:07:49,680 Speaker 2: through the Strait of Hormuz or on the other side 131 00:07:49,720 --> 00:07:53,880 Speaker 2: of Saudi Arabia because of that petrol line that ships 132 00:07:53,880 --> 00:07:56,400 Speaker 2: over to the Red Sea side of Saudi Arabia where 133 00:07:56,440 --> 00:07:58,680 Speaker 2: they don't have to deal with the Strait of Hormones. 134 00:07:59,280 --> 00:08:02,480 Speaker 2: That really broke the back of the folks that wanted 135 00:08:02,520 --> 00:08:05,480 Speaker 2: to see crude oil in the one twenties and one 136 00:08:05,600 --> 00:08:09,480 Speaker 2: thirties and even one forties. But as you just cited, 137 00:08:10,480 --> 00:08:14,720 Speaker 2: we're still even in California, not at the all time highs, 138 00:08:14,760 --> 00:08:16,920 Speaker 2: not even close to it and the rest of the country. 139 00:08:17,360 --> 00:08:20,200 Speaker 2: But California is a whole different animal, as you know, 140 00:08:20,400 --> 00:08:25,040 Speaker 2: because of the things that the governor and the legislature 141 00:08:25,080 --> 00:08:28,480 Speaker 2: have done there. But the fact that Sable Offshore SoC 142 00:08:29,560 --> 00:08:32,679 Speaker 2: Is the symbol for that is now bringing in oil 143 00:08:32,760 --> 00:08:37,000 Speaker 2: and bringing it to Chevron means that California may get 144 00:08:37,080 --> 00:08:40,679 Speaker 2: a little relief in the next few weeks. 145 00:08:40,800 --> 00:08:43,560 Speaker 1: You're so well informed on there Live with John and Jerry, 146 00:08:43,600 --> 00:08:45,520 Speaker 1: and thank you very much for bringing all of that 147 00:08:46,160 --> 00:08:49,880 Speaker 1: to light here and taking a look at silver right now. 148 00:08:49,960 --> 00:08:51,839 Speaker 1: Seventy one and change it got up to I believe 149 00:08:51,840 --> 00:08:55,680 Speaker 1: one fifteen was the recent high, and gold at around 150 00:08:55,760 --> 00:08:59,720 Speaker 1: forty five of twenty eight. Here at the moment, Bitcoin 151 00:09:00,000 --> 00:09:03,920 Speaker 1: and the other crystals appear to have outperformed the precious 152 00:09:04,000 --> 00:09:07,120 Speaker 1: metals lately. What do you see ahead for both the 153 00:09:07,600 --> 00:09:10,240 Speaker 1: analog gold and the so called digital gold. 154 00:09:11,320 --> 00:09:18,000 Speaker 2: Well, I think the analog gold is really just been 155 00:09:18,160 --> 00:09:21,760 Speaker 2: played if you will buy again Central Banks in France, 156 00:09:21,960 --> 00:09:24,920 Speaker 2: that was the Bank of France allegedly that was doing 157 00:09:25,000 --> 00:09:31,840 Speaker 2: that bash and stash for silver and gold. And I 158 00:09:31,880 --> 00:09:35,079 Speaker 2: can't justify it in my own head for the hit 159 00:09:35,160 --> 00:09:38,400 Speaker 2: that they would take driving it down and then buying 160 00:09:38,400 --> 00:09:42,960 Speaker 2: it back over in their domicile. But again they didn't 161 00:09:43,000 --> 00:09:46,280 Speaker 2: ask me. But I wouldn't really think that that's a 162 00:09:46,280 --> 00:09:50,600 Speaker 2: more efficient way to get either of those precious metals 163 00:09:51,160 --> 00:09:55,840 Speaker 2: over to France. But it was a very very large 164 00:09:56,000 --> 00:09:59,640 Speaker 2: trade that outside the rest of what the world was 165 00:09:59,640 --> 00:10:02,920 Speaker 2: willing to accommodate, and so they pushed it all the 166 00:10:02,960 --> 00:10:05,880 Speaker 2: way down from I think the high might have been 167 00:10:05,880 --> 00:10:08,880 Speaker 2: close to one twenty for silver, and they pushed it 168 00:10:08,920 --> 00:10:11,679 Speaker 2: all the way back down into the seventies pretty quick. 169 00:10:12,880 --> 00:10:16,840 Speaker 2: And that was something that I'll send you a recent 170 00:10:16,960 --> 00:10:19,440 Speaker 2: article that I just wrote about it, Frank, and I'm 171 00:10:19,440 --> 00:10:22,439 Speaker 2: sure you'll love to share it with your listeners. It's 172 00:10:23,200 --> 00:10:29,080 Speaker 2: pretty amazing how much people were piling into it on 173 00:10:29,120 --> 00:10:31,400 Speaker 2: the way up and how quickly they were jumping out 174 00:10:31,400 --> 00:10:34,680 Speaker 2: of it. That's the analog gold, that is. But I 175 00:10:34,720 --> 00:10:37,880 Speaker 2: think overall you still want to focus on the minors, 176 00:10:38,000 --> 00:10:41,800 Speaker 2: and I think that'd be GDX and GDXJ would be 177 00:10:41,840 --> 00:10:43,280 Speaker 2: where I'd be trading. 178 00:10:42,960 --> 00:10:47,000 Speaker 1: Right now, all right, with so much marketball authority and 179 00:10:47,040 --> 00:10:49,880 Speaker 1: these wide swings for those that want action. I remember 180 00:10:49,920 --> 00:10:52,439 Speaker 1: you when you were doing the Option Show on CNBC 181 00:10:52,800 --> 00:10:57,120 Speaker 1: on a daily basis and about what about options and 182 00:10:57,160 --> 00:10:58,360 Speaker 1: any guidance there. 183 00:10:59,320 --> 00:11:06,240 Speaker 2: Well, we have continued to see a robust take up 184 00:11:07,240 --> 00:11:11,360 Speaker 2: by the public, despite the fact that the lines were 185 00:11:11,440 --> 00:11:16,400 Speaker 2: so bad, so crushingly, you know, soul crushing actually to 186 00:11:16,480 --> 00:11:19,880 Speaker 2: see three and four hour waits at the TSA. And 187 00:11:19,960 --> 00:11:22,480 Speaker 2: I suspect that when we do see the midterms, we'll 188 00:11:22,520 --> 00:11:26,200 Speaker 2: see a reaction to that but I think what we're 189 00:11:26,240 --> 00:11:30,839 Speaker 2: really facing right now is the idea that Bastion the 190 00:11:30,880 --> 00:11:34,280 Speaker 2: CEO over at Delta and a number of the other 191 00:11:34,360 --> 00:11:39,319 Speaker 2: airlines are lashing out at the legislatures for holding this back, 192 00:11:39,440 --> 00:11:44,880 Speaker 2: in particular the Democrats for basically trying to hurt the 193 00:11:44,920 --> 00:11:48,240 Speaker 2: flying public by saying, well, we're not going to pay 194 00:11:48,280 --> 00:11:51,839 Speaker 2: the TSA unless you guys cave into our demands for 195 00:11:51,880 --> 00:11:57,040 Speaker 2: this other stuff like immigration and so forth. And I 196 00:11:57,080 --> 00:12:00,800 Speaker 2: think overall that's not going to play out well, especially 197 00:12:00,840 --> 00:12:04,440 Speaker 2: now that the President has brought in ice, and as 198 00:12:04,480 --> 00:12:08,319 Speaker 2: he did that at the busy airports like for instance, Atlanta, 199 00:12:08,800 --> 00:12:12,160 Speaker 2: it dropped the lines from four hours down to fifteen 200 00:12:12,240 --> 00:12:16,400 Speaker 2: or eighteen minutes, not because they're screening the bags, but 201 00:12:16,520 --> 00:12:19,840 Speaker 2: because they took over the security at the checkpoints and 202 00:12:19,960 --> 00:12:24,480 Speaker 2: security at the doors, and PSA agents were thus able 203 00:12:24,520 --> 00:12:29,600 Speaker 2: to work on the screening process rather than being because 204 00:12:29,640 --> 00:12:34,360 Speaker 2: they don't outsource that security to people outside the government 205 00:12:35,880 --> 00:12:39,360 Speaker 2: to prevent you or me or somebody bad from going 206 00:12:39,440 --> 00:12:44,760 Speaker 2: back into the airport through the exit. So with TSA 207 00:12:44,920 --> 00:12:47,840 Speaker 2: there and then the agent's able to screen the bags, 208 00:12:48,320 --> 00:12:53,480 Speaker 2: I think it's really impacted the flying public in a 209 00:12:53,520 --> 00:12:57,000 Speaker 2: good way, but hopefully they'll get this thing resolved sooner 210 00:12:57,040 --> 00:12:57,520 Speaker 2: than later. 211 00:12:58,679 --> 00:13:00,600 Speaker 1: Are you at the airport now? What do you think 212 00:13:00,600 --> 00:13:02,559 Speaker 1: about the travel names? 213 00:13:03,520 --> 00:13:07,640 Speaker 2: I like them. I mean, with crude dropping as fast 214 00:13:07,640 --> 00:13:10,640 Speaker 2: as it has and the refined product, of course just 215 00:13:10,679 --> 00:13:14,280 Speaker 2: a couple of days behind it, I think jet A, 216 00:13:14,600 --> 00:13:19,000 Speaker 2: you know, for what commercial aviation uses as well as 217 00:13:19,080 --> 00:13:24,080 Speaker 2: private jets, is going to react very positively to the 218 00:13:24,240 --> 00:13:27,959 Speaker 2: very fast drop in the price of crude oil. Now. 219 00:13:28,200 --> 00:13:30,440 Speaker 2: I don't think it just keeps smashing all the way 220 00:13:30,480 --> 00:13:33,360 Speaker 2: back down to sixty five where it was when we started, 221 00:13:33,880 --> 00:13:39,000 Speaker 2: But I think the world can tolerate pops that take 222 00:13:39,040 --> 00:13:41,360 Speaker 2: it to the level it's at now. I think you 223 00:13:41,440 --> 00:13:44,400 Speaker 2: said ninety one. I think the world can handle that, 224 00:13:44,559 --> 00:13:48,920 Speaker 2: But the world can't really handle ten one twenty per 225 00:13:48,960 --> 00:13:52,959 Speaker 2: barrel for crude, and that's going to be something that 226 00:13:53,320 --> 00:13:55,080 Speaker 2: hopefully we don't have to revisit. 227 00:13:56,320 --> 00:13:59,720 Speaker 1: In the olden days we were probably started with tech stocs. 228 00:14:00,040 --> 00:14:02,040 Speaker 1: It looks like Meta was in focus today on this 229 00:14:02,320 --> 00:14:06,720 Speaker 1: ruling Google alphabet two and what about that ruling, And 230 00:14:06,760 --> 00:14:09,400 Speaker 1: what about the MAC seven names including in video, which 231 00:14:09,440 --> 00:14:10,440 Speaker 1: we haven't talked about yet. 232 00:14:11,200 --> 00:14:16,000 Speaker 2: Well, I think you still have some great opportunities in 233 00:14:16,080 --> 00:14:19,600 Speaker 2: those names as long as you're patient. So in other words, 234 00:14:19,600 --> 00:14:25,800 Speaker 2: I wouldn't With the things we've seen from Marvel, for instance, MRVL, 235 00:14:26,360 --> 00:14:30,040 Speaker 2: we've continued to see very strong uptake in other words 236 00:14:30,080 --> 00:14:33,360 Speaker 2: buying in that name, and if you look at it, 237 00:14:33,360 --> 00:14:36,000 Speaker 2: it's moved I think, from seventy eight in the last 238 00:14:36,120 --> 00:14:40,160 Speaker 2: four days to maybe ninety eight or ninety seven dollars 239 00:14:40,160 --> 00:14:46,360 Speaker 2: a share now. And so I have nothing against Nvidia, 240 00:14:46,760 --> 00:14:52,360 Speaker 2: but I think between Micron, Marvel, AMD, those would be 241 00:14:52,440 --> 00:14:56,239 Speaker 2: names i'd focus on rather than just the Mac seven. 242 00:14:56,960 --> 00:14:59,480 Speaker 1: And any other specific places where you are putting money 243 00:14:59,480 --> 00:15:01,560 Speaker 1: now and or taking off the table. 244 00:15:02,920 --> 00:15:10,680 Speaker 2: Well. Overall, I've continued to like some of the retailers 245 00:15:11,960 --> 00:15:15,720 Speaker 2: because that's where the fast money from the institutional side 246 00:15:15,720 --> 00:15:21,960 Speaker 2: has flown. Lately. Companies like for instance, the parent company 247 00:15:21,960 --> 00:15:25,640 Speaker 2: of Free People, which would be urban outfitters, we've seen 248 00:15:25,680 --> 00:15:28,360 Speaker 2: a lot of fast money flowing into that name, and 249 00:15:28,400 --> 00:15:32,720 Speaker 2: I wouldn't be surprised if people when they feel that 250 00:15:32,920 --> 00:15:37,200 Speaker 2: relief from oil prices coming down and so forth, even 251 00:15:37,240 --> 00:15:40,120 Speaker 2: though again I'm not predicting they go back to sixty 252 00:15:40,160 --> 00:15:45,320 Speaker 2: anytime soon until there's more of a assigned deal here, 253 00:15:45,920 --> 00:15:49,760 Speaker 2: I would say people would reward themselves with some of 254 00:15:49,800 --> 00:15:54,960 Speaker 2: those kinds of stocks, Franks, some of the consumer discretionary stocks. 255 00:15:56,360 --> 00:15:59,640 Speaker 1: Anything else that's on your radar screen. Here been a 256 00:15:59,680 --> 00:16:02,560 Speaker 1: lot of recession talk lately, given the bump and the 257 00:16:02,560 --> 00:16:05,400 Speaker 1: price of oil and all that, and what's your your 258 00:16:05,400 --> 00:16:07,320 Speaker 1: gut feeling of where this thing goes from here? 259 00:16:08,320 --> 00:16:14,080 Speaker 2: Well, we saw Rocket RKT, which is not the RKLB, 260 00:16:14,440 --> 00:16:18,800 Speaker 2: not Rocket Lab, the actual Rocket company, but Rocket mortgage 261 00:16:18,840 --> 00:16:22,000 Speaker 2: and things tied to interest rates. So I think if 262 00:16:22,040 --> 00:16:25,920 Speaker 2: we start seeing interest rates moderating, they hit four and 263 00:16:25,920 --> 00:16:28,800 Speaker 2: a half percent just a week ago, If they can 264 00:16:28,960 --> 00:16:32,920 Speaker 2: come back down to four point two four point one, 265 00:16:33,400 --> 00:16:36,240 Speaker 2: I think you're going to see people flooding back into 266 00:16:37,720 --> 00:16:42,600 Speaker 2: refinancing and so forth, which virtually tried up after it 267 00:16:42,640 --> 00:16:47,080 Speaker 2: popped up to the highs of the last year when 268 00:16:47,120 --> 00:16:48,520 Speaker 2: we hit four and a half percent. 269 00:16:49,080 --> 00:16:52,720 Speaker 1: Yeah, and the other the private the private credit issue. 270 00:16:53,320 --> 00:16:55,360 Speaker 1: Is that getting your attention to and are you concerned 271 00:16:55,400 --> 00:16:55,800 Speaker 1: about it? 272 00:16:57,000 --> 00:16:59,800 Speaker 2: I pay attention to it, but I'm not one of 273 00:16:59,800 --> 00:17:04,480 Speaker 2: the people who is running around thinking that this is 274 00:17:04,680 --> 00:17:08,040 Speaker 2: the end of the world. It is so much smaller 275 00:17:08,600 --> 00:17:14,159 Speaker 2: than the Great Financial Crisis and the banks exposure. And 276 00:17:14,440 --> 00:17:18,440 Speaker 2: when I say banks, I mean the systemically important banks 277 00:17:18,520 --> 00:17:25,680 Speaker 2: like JP Morgan City, the banks that basically the FED 278 00:17:25,800 --> 00:17:29,560 Speaker 2: really pays attention to. Their exposure is less than five 279 00:17:29,840 --> 00:17:34,359 Speaker 2: percent of their book So that's not something that takes 280 00:17:34,400 --> 00:17:40,000 Speaker 2: those banks down. Could you see some of these that 281 00:17:40,040 --> 00:17:42,560 Speaker 2: have had the gate or in other words, stop people 282 00:17:42,560 --> 00:17:47,000 Speaker 2: from taking money out of Black Rock or any of 283 00:17:47,040 --> 00:17:50,439 Speaker 2: the others that have made a similar move. Sure, that 284 00:17:50,520 --> 00:17:54,720 Speaker 2: could hurt those funds in the short term, but even 285 00:17:54,800 --> 00:17:59,560 Speaker 2: Blue Owl Owl, which is one of the lead players 286 00:17:59,600 --> 00:18:04,360 Speaker 2: in that space, even they have stopped that outflow supposedly, 287 00:18:04,920 --> 00:18:08,919 Speaker 2: and the stock was actually seeing a fair amount of 288 00:18:08,960 --> 00:18:13,320 Speaker 2: folks getting back into it rather than flooding out like 289 00:18:13,359 --> 00:18:15,760 Speaker 2: they had for the previous two months. 290 00:18:16,160 --> 00:18:18,359 Speaker 1: Very interesting. Well, we'll keep an eye on it with you. John. 291 00:18:18,400 --> 00:18:20,800 Speaker 1: Thank you very very much for covering all of that today. 292 00:18:20,800 --> 00:18:23,520 Speaker 1: That is John Degerian, doctor j as he's known of 293 00:18:23,560 --> 00:18:26,600 Speaker 1: the major financial networks. John, thank you very much for 294 00:18:26,640 --> 00:18:28,760 Speaker 1: taking the call live with us here this afternoon, co 295 00:18:28,880 --> 00:18:30,560 Speaker 1: oed through the book It's not an option with his 296 00:18:30,600 --> 00:18:33,720 Speaker 1: brother Pete Live with us here on MOTECH on Money 297 00:18:33,720 --> 00:18:36,840 Speaker 1: on seven ninety KBC Today, Brent crud in London fell 298 00:18:36,880 --> 00:18:38,640 Speaker 1: below one hundred dollars a barrel for the first time 299 00:18:38,680 --> 00:18:40,879 Speaker 1: in weeks. Right now it's hovering just above one hundred. 300 00:18:41,280 --> 00:18:44,720 Speaker 1: In New York, we see West Texas intermediate crude oil 301 00:18:44,840 --> 00:18:48,000 Speaker 1: right now hovering just above ninety one dollars a barrel. 302 00:18:48,080 --> 00:18:50,359 Speaker 1: The damage has been done at southern California gas pumps. 303 00:18:50,359 --> 00:18:52,480 Speaker 1: We'll be talking more about that shortly with our buddy, 304 00:18:52,640 --> 00:18:55,080 Speaker 1: the gas buddy, Patrick Dehan, will be joining us live 305 00:18:55,320 --> 00:18:57,840 Speaker 1: coming up here in the next half hour. Diesel in 306 00:18:57,880 --> 00:19:00,160 Speaker 1: the spotlight here in the Los Angeles area at a 307 00:19:00,200 --> 00:19:02,400 Speaker 1: record high for the second day in a row at 308 00:19:02,440 --> 00:19:05,240 Speaker 1: seven fourteen a gallon. We be taking a closer look 309 00:19:05,280 --> 00:19:08,360 Speaker 1: at gas and oil prices coming up here very very shortly. 310 00:19:08,800 --> 00:19:11,399 Speaker 1: The stock market moving higher today, with the Dow closing 311 00:19:11,480 --> 00:19:14,560 Speaker 1: up three hundred five points at forty six four to 312 00:19:14,640 --> 00:19:18,120 Speaker 1: twenty nine, the SMP five hundred and thirty five, Nasdaq 313 00:19:18,200 --> 00:19:20,840 Speaker 1: at one sixty eight, the VIX index the Volatility index, 314 00:19:20,880 --> 00:19:23,800 Speaker 1: pulling back six percent, Gold harvering it around forty five 315 00:19:23,880 --> 00:19:25,920 Speaker 1: hundred and twenty eight to douns, silver at seventy one 316 00:19:26,040 --> 00:19:29,240 Speaker 1: forty nine, and bitcoin above seventy one thousand here at 317 00:19:29,240 --> 00:19:32,520 Speaker 1: seventy one to three, eighth at twenty one seventy three, 318 00:19:32,600 --> 00:19:35,280 Speaker 1: and doze at the moment at nine cents motackle. Money 319 00:19:35,320 --> 00:19:39,240 Speaker 1: continues here seven ninety KABC. The price of oil trading 320 00:19:39,240 --> 00:19:41,520 Speaker 1: off its lowest levels of the day right now, harvering 321 00:19:41,520 --> 00:19:44,520 Speaker 1: it around ninety one oh six a barrel, and in London, 322 00:19:44,600 --> 00:19:47,240 Speaker 1: looks like brncrude got below one hundred dollars a barrel 323 00:19:47,240 --> 00:19:48,920 Speaker 1: for a time right now harving it around one hundred 324 00:19:48,920 --> 00:19:51,159 Speaker 1: and two dollars a barrel. Certainly the damage has been 325 00:19:51,160 --> 00:19:54,560 Speaker 1: done at southern Californy gas pumps as prices continue to 326 00:19:54,560 --> 00:19:57,440 Speaker 1: take higher. Diesel hit a record high in the Los 327 00:19:57,480 --> 00:20:00,679 Speaker 1: Angeles Sharry of this week. Let's bring our buddy now, 328 00:20:01,000 --> 00:20:04,360 Speaker 1: gas Buddy Patrick de'han with gasbuddy dot Com. Patrick, thank 329 00:20:04,359 --> 00:20:06,640 Speaker 1: you very much for taking the call here this afternoon. 330 00:20:07,720 --> 00:20:09,080 Speaker 3: Thanks having me, Frank appreciate it. 331 00:20:09,320 --> 00:20:10,840 Speaker 1: Wonderful to have you with us. It's been a while 332 00:20:10,880 --> 00:20:13,639 Speaker 1: since we chatted behind live microphones. Give us your reaction 333 00:20:13,720 --> 00:20:17,000 Speaker 1: to the latest news here. Diesel at a record high 334 00:20:17,000 --> 00:20:19,800 Speaker 1: here in the Los Angeles, Serrea and the other prices 335 00:20:19,800 --> 00:20:22,560 Speaker 1: of course getting closer to the record highs as well. 336 00:20:23,520 --> 00:20:25,560 Speaker 3: Yeah, a lot more ugliness. As you mentioned, the price 337 00:20:25,640 --> 00:20:29,000 Speaker 3: is diesel now seven fourteen gallon in Los Angeles. That 338 00:20:29,160 --> 00:20:31,639 Speaker 3: is a new all time record high, exceeding the twenty 339 00:20:31,680 --> 00:20:37,040 Speaker 3: twenty two previous record that just was below seven dollars. 340 00:20:37,040 --> 00:20:39,080 Speaker 3: So this is the first time around. We're seeing now 341 00:20:39,200 --> 00:20:43,920 Speaker 3: seven areas across California with seven dollars diesel averages. Of course, 342 00:20:44,000 --> 00:20:46,720 Speaker 3: diesel is very impactful. You may not be filling it 343 00:20:46,800 --> 00:20:50,080 Speaker 3: up in your tank, but truckers, tractors, and trains all 344 00:20:50,119 --> 00:20:53,240 Speaker 3: consumed diesel, and those are the modes of transportation that 345 00:20:53,320 --> 00:20:56,159 Speaker 3: power the US economy. So that should be certainly a 346 00:20:57,640 --> 00:20:59,440 Speaker 3: cautionary sign of what's to come. 347 00:20:59,520 --> 00:20:59,680 Speaker 2: Now. 348 00:20:59,720 --> 00:21:02,639 Speaker 3: Gas selena not looking a whole lot better. The average 349 00:21:02,680 --> 00:21:05,159 Speaker 3: price across Los Angeles right now for a gallon of 350 00:21:05,240 --> 00:21:09,720 Speaker 3: gasoling five ninety four a's a dollar twenty six more 351 00:21:09,760 --> 00:21:12,600 Speaker 3: than it was just four weeks ago. And while you 352 00:21:12,640 --> 00:21:15,040 Speaker 3: mentioned oil taking a little bit of a breather today, 353 00:21:15,640 --> 00:21:18,439 Speaker 3: it certainly could reignite at a moment's notice, depending on 354 00:21:18,480 --> 00:21:22,480 Speaker 3: how these potential talks or how the situation continues to 355 00:21:22,560 --> 00:21:24,240 Speaker 3: unfold between the US and Iran. 356 00:21:25,400 --> 00:21:28,320 Speaker 1: On there live with patrickd'hon with gasbuddy dot com. Looks 357 00:21:28,359 --> 00:21:30,640 Speaker 1: like the average price for premium according to Triple A 358 00:21:30,680 --> 00:21:33,480 Speaker 1: is six thirty three a gallon, also more than a 359 00:21:33,520 --> 00:21:35,879 Speaker 1: dollar higher than just a month or so ago, and 360 00:21:36,560 --> 00:21:39,119 Speaker 1: it looks like we're still about fifty or sixty cents 361 00:21:39,520 --> 00:21:42,440 Speaker 1: below the record high hid in twenty twenty two for 362 00:21:43,000 --> 00:21:46,240 Speaker 1: regular and premium. But diesel, that's the big news this week, 363 00:21:46,280 --> 00:21:49,680 Speaker 1: which not only impacts the US economy, but indeed the 364 00:21:49,680 --> 00:21:52,680 Speaker 1: global economy, since it's pretty much the world fuel still 365 00:21:52,720 --> 00:21:55,320 Speaker 1: to to this day at seven fourteen at gallon on 366 00:21:55,359 --> 00:21:58,080 Speaker 1: the year Live with Patrick de'han. Now, you do a 367 00:21:58,080 --> 00:22:02,400 Speaker 1: great job on your website keeping track of the cheapest 368 00:22:02,400 --> 00:22:05,119 Speaker 1: as well as the most expensive gas here in the 369 00:22:05,160 --> 00:22:08,000 Speaker 1: Los Angeles area as well as nationwide. Maybe you can 370 00:22:08,000 --> 00:22:10,479 Speaker 1: give us an update here on what's getting your attention. 371 00:22:12,080 --> 00:22:14,280 Speaker 3: Well, you know, Frank, a lot of the attention is 372 00:22:14,320 --> 00:22:16,680 Speaker 3: really right now. What's happening in Asia with the continued 373 00:22:16,720 --> 00:22:19,560 Speaker 3: blockage of the Strait of Horrne moves. We are starting 374 00:22:19,600 --> 00:22:23,640 Speaker 3: to see some disruptions, and of course Californians certainly very 375 00:22:23,640 --> 00:22:27,199 Speaker 3: familiar now with the shutdowns of two refineries in the 376 00:22:27,200 --> 00:22:30,600 Speaker 3: state in the last six months. This is detrimental how 377 00:22:30,640 --> 00:22:34,040 Speaker 3: this is coming back to bite Californians here, especially in 378 00:22:34,119 --> 00:22:36,399 Speaker 3: light of the Strait of horn Moves being blocked. Twenty 379 00:22:36,440 --> 00:22:40,639 Speaker 3: percent of California's gasoline supply has now disappeared with the 380 00:22:40,880 --> 00:22:43,719 Speaker 3: recent in the last couple of weeks the Valera refiner 381 00:22:43,760 --> 00:22:47,879 Speaker 3: Invenetia permanently shutting down, and certainly this is going to 382 00:22:47,920 --> 00:22:51,000 Speaker 3: expose California to problems in the weeks ahead. If the 383 00:22:51,000 --> 00:22:54,200 Speaker 3: Strait of horn Moves is not reopened. California is now 384 00:22:54,200 --> 00:22:58,920 Speaker 3: more reliant on a declining number of imported barrels of gasoline, 385 00:22:58,960 --> 00:23:01,920 Speaker 3: diesel and jet fuel. With the loss of those refineries here, 386 00:23:02,800 --> 00:23:05,359 Speaker 3: there could be disruptions in the weeks and months ahead 387 00:23:05,680 --> 00:23:08,439 Speaker 3: if the situation does not quickly improve. You're competing for 388 00:23:08,560 --> 00:23:11,520 Speaker 3: gasoline from as far away now as Asia, and those 389 00:23:11,600 --> 00:23:14,840 Speaker 3: Chinese refineries and refineries in India and Asia that can 390 00:23:14,920 --> 00:23:18,840 Speaker 3: produce California spec gasoline are now worried about if they 391 00:23:18,880 --> 00:23:20,680 Speaker 3: have enough gasoline to supply. 392 00:23:20,480 --> 00:23:21,240 Speaker 4: Their own markets. 393 00:23:21,320 --> 00:23:24,679 Speaker 3: So particularly worrisome here in the weeks ahead of the 394 00:23:24,760 --> 00:23:26,240 Speaker 3: situation persists. 395 00:23:27,240 --> 00:23:29,240 Speaker 1: That is crazy. Well, thanks for laying it out that way. 396 00:23:29,280 --> 00:23:32,080 Speaker 1: In the meantime, Chevron reportedly planning to buy some of 397 00:23:32,080 --> 00:23:35,840 Speaker 1: the first shipments of crude from Sable offshore platforms off 398 00:23:35,840 --> 00:23:39,080 Speaker 1: the coast of California. The private administration taking action to 399 00:23:39,240 --> 00:23:42,000 Speaker 1: addresses some of the things crazy things that you just 400 00:23:42,320 --> 00:23:49,040 Speaker 1: mentioned by restarting offshore activity here with the pipelines and 401 00:23:49,119 --> 00:23:52,200 Speaker 1: drilling and so forth. Looks like Sable offshore stock has 402 00:23:52,240 --> 00:23:55,280 Speaker 1: moved higher on these latest developments, as we heard from 403 00:23:55,320 --> 00:23:57,159 Speaker 1: John to Jerry, and that just a moment ago. How 404 00:23:57,200 --> 00:23:58,399 Speaker 1: significant it is all of that. 405 00:24:00,040 --> 00:24:03,840 Speaker 3: Well, there have been a numerous amount of interesting developments 406 00:24:03,840 --> 00:24:07,239 Speaker 3: that including potential drilling offshore California's coast. But it's not 407 00:24:07,280 --> 00:24:10,680 Speaker 3: necessarily the oil production. That's a whole other issue. It's 408 00:24:10,720 --> 00:24:13,280 Speaker 3: now become a story about refining capacity. The state is 409 00:24:13,320 --> 00:24:16,720 Speaker 3: now more reliant on importing gasoline from virtually anywhere. It 410 00:24:16,720 --> 00:24:21,560 Speaker 3: does not have enough gasoline and capacity refineries to meet demand, 411 00:24:21,920 --> 00:24:25,120 Speaker 3: and that's going to really squeeze Californians in the years 412 00:24:25,119 --> 00:24:28,879 Speaker 3: ahead now. Interestingly enough, as a result of these refining shutdowns, 413 00:24:29,040 --> 00:24:32,520 Speaker 3: there have been several new pipelines that have proposed running 414 00:24:32,560 --> 00:24:37,520 Speaker 3: into either southern California or resupplying other areas like Arizona 415 00:24:38,160 --> 00:24:41,320 Speaker 3: into Las Vegas. Those pipelines could run north. A lot 416 00:24:41,320 --> 00:24:45,080 Speaker 3: of new infrastructure being potentially proposed that could soften the blow, 417 00:24:45,200 --> 00:24:48,240 Speaker 3: But for now, California is very much exposed to what 418 00:24:48,359 --> 00:24:51,040 Speaker 3: is happening in the Middle East and now competing at 419 00:24:51,080 --> 00:24:54,120 Speaker 3: a much higher level. Gas prices may not slow down 420 00:24:54,160 --> 00:24:58,400 Speaker 3: anytime soon unless this situation has resolved. Again, just highlighting 421 00:24:58,880 --> 00:25:02,240 Speaker 3: the unique position that California is in as a result 422 00:25:02,359 --> 00:25:05,480 Speaker 3: of rules and regulations that have essentially chased refineries out 423 00:25:05,480 --> 00:25:05,920 Speaker 3: of the state. 424 00:25:07,000 --> 00:25:09,639 Speaker 1: What's your prediction of where gas and oil prices go 425 00:25:09,680 --> 00:25:12,480 Speaker 1: from We've been having these conversations for many, many years. 426 00:25:12,480 --> 00:25:15,000 Speaker 1: We were on the era back during the financial crisis. 427 00:25:15,040 --> 00:25:17,320 Speaker 1: As I recall when when oil hit I believe the 428 00:25:17,320 --> 00:25:18,960 Speaker 1: record high, which was what one hundred and forty eight 429 00:25:19,040 --> 00:25:21,719 Speaker 1: dollars a barrel back in those days. Are we going 430 00:25:21,760 --> 00:25:22,920 Speaker 1: to get that high again? 431 00:25:24,160 --> 00:25:27,159 Speaker 3: Well, we certainly could, and really how long this continues? 432 00:25:27,480 --> 00:25:30,160 Speaker 3: I hate to be rather pessimistic about this. We've gotten 433 00:25:30,200 --> 00:25:32,040 Speaker 3: a little bit of optimism here in the last forty 434 00:25:32,080 --> 00:25:34,480 Speaker 3: eight hours that the administration may be prepared to talk 435 00:25:34,520 --> 00:25:37,160 Speaker 3: to Iran, but it doesn't seem like Iran really wants 436 00:25:37,200 --> 00:25:39,760 Speaker 3: to talk and Frank, the worry is that the longer 437 00:25:39,760 --> 00:25:44,359 Speaker 3: this persists, if there's no concrete problem or sol to 438 00:25:44,440 --> 00:25:47,480 Speaker 3: this problem, we could continue to see a bit of 439 00:25:47,520 --> 00:25:51,240 Speaker 3: a bottleneck and real supply disruptions could start to move 440 00:25:51,280 --> 00:25:53,360 Speaker 3: closer to the US. I don't think that they're going 441 00:25:53,359 --> 00:25:57,199 Speaker 3: to land on our shorts just yet, but obviously a 442 00:25:57,320 --> 00:26:01,040 Speaker 3: very difficult situation, especially over in Asia where we are 443 00:26:01,080 --> 00:26:05,320 Speaker 3: starting to talk about physical disruptions. Rationing is happening in 444 00:26:05,320 --> 00:26:09,000 Speaker 3: some of these areas because of what's happened so unique 445 00:26:09,040 --> 00:26:12,880 Speaker 3: position that California now finds itself in much more reliant 446 00:26:12,920 --> 00:26:15,840 Speaker 3: on imports of products. There should be a wake up 447 00:26:15,880 --> 00:26:20,320 Speaker 3: call to California politicians to potentially change the system before 448 00:26:20,400 --> 00:26:21,920 Speaker 3: more refineries leave the state. 449 00:26:23,080 --> 00:26:25,840 Speaker 1: On the you're live with Patrick de'han who runs gasbuddy 450 00:26:26,000 --> 00:26:28,760 Speaker 1: dot com, and could you go on your website here 451 00:26:28,800 --> 00:26:31,520 Speaker 1: now with us so Patrick o'hanna and take a look 452 00:26:31,600 --> 00:26:34,880 Speaker 1: at we're the best deals at the moment for mister 453 00:26:34,920 --> 00:26:37,439 Speaker 1: and missus Southern California driving around right now. You do 454 00:26:37,480 --> 00:26:39,920 Speaker 1: a great job on your site keeping track of the 455 00:26:40,440 --> 00:26:43,399 Speaker 1: gas station prices and eternally pays to pay attention to 456 00:26:43,440 --> 00:26:46,920 Speaker 1: those signs, since there's such a huge difference between prices 457 00:26:46,920 --> 00:26:50,359 Speaker 1: from station to station. I see you got the least 458 00:26:50,359 --> 00:26:52,360 Speaker 1: expensive and the most expensive. 459 00:26:53,720 --> 00:26:56,280 Speaker 3: Yeah, absolutely, Frank, on the low side of things, and 460 00:26:56,400 --> 00:26:59,240 Speaker 3: it just highlights how far we've come. A couple of 461 00:26:59,280 --> 00:27:02,359 Speaker 3: stations at five twenty nine across areas of Los Angeles, 462 00:27:02,560 --> 00:27:05,240 Speaker 3: a couple United Oil, a G and M, A Sam's 463 00:27:05,280 --> 00:27:08,040 Speaker 3: Fuelist and Clare at five twenty nine, a Speedway Express 464 00:27:08,040 --> 00:27:11,200 Speaker 3: in North Hollywood at five twenty nine, the Costco and 465 00:27:11,200 --> 00:27:14,720 Speaker 3: Woodland Hills at five point thirty five. On the flip side, 466 00:27:14,760 --> 00:27:17,840 Speaker 3: no shortage of ultra expensive price. Of course, the Chevron 467 00:27:17,920 --> 00:27:20,160 Speaker 3: that we've seen in pictures at eight dollars a gallon. 468 00:27:20,359 --> 00:27:23,560 Speaker 3: Keep in mind these stations are often independently owned and operated, 469 00:27:23,920 --> 00:27:26,080 Speaker 3: and a lot of stations that are hovering closer to 470 00:27:26,160 --> 00:27:28,840 Speaker 3: seven dollars for gasoline. A Shell in Los Angeles at 471 00:27:28,840 --> 00:27:32,040 Speaker 3: six seventy nine, another Chevron at six eighty five, a 472 00:27:32,080 --> 00:27:35,359 Speaker 3: couple mobiles at six ninety nine. So no shortage of 473 00:27:35,440 --> 00:27:38,560 Speaker 3: high prices. Is oil prices screen higher and that has 474 00:27:38,600 --> 00:27:41,520 Speaker 3: been pulling gasoline, diesel and jet fuel. Frank, if you 475 00:27:41,560 --> 00:27:43,640 Speaker 3: want to escape this all you're going to be paying 476 00:27:43,640 --> 00:27:45,440 Speaker 3: far more to get out of LAX as well. 477 00:27:46,440 --> 00:27:48,800 Speaker 1: And I remember from doing this for a while to 478 00:27:48,920 --> 00:27:52,399 Speaker 1: that station in the downtown area gets away with that 479 00:27:52,680 --> 00:27:54,800 Speaker 1: high price, So the one that's getting so much attention 480 00:27:54,840 --> 00:27:58,560 Speaker 1: because a lot of government people fuel up there, they 481 00:27:58,560 --> 00:28:01,399 Speaker 1: don't care about what the price is and probably not 482 00:28:01,440 --> 00:28:05,119 Speaker 1: paying attention to the price signs as most regular people 483 00:28:05,119 --> 00:28:07,679 Speaker 1: are at this point. Well, Patrick, great to connect with you. 484 00:28:07,800 --> 00:28:09,560 Speaker 1: I hope we can stay in touch here now and 485 00:28:10,280 --> 00:28:13,159 Speaker 1: get your updates as we follow this very very closely. 486 00:28:13,160 --> 00:28:16,160 Speaker 1: This is obviously extremely important to everyone, so appreciate your 487 00:28:16,280 --> 00:28:17,760 Speaker 1: coming back to the line with us here. Thank you 488 00:28:17,840 --> 00:28:19,800 Speaker 1: very much for joining us slide. 489 00:28:20,600 --> 00:28:21,720 Speaker 3: Thanks very appreciate it. 490 00:28:22,320 --> 00:28:26,280 Speaker 1: Patrick de'han gasbuddy dot com our buddy here on motac 491 00:28:26,359 --> 00:28:29,840 Speaker 1: on Money seven ninety KBC. Motack on Money continues here 492 00:28:29,880 --> 00:28:34,920 Speaker 1: seven ninety KABC. Electric car makers cheering the higher gas 493 00:28:34,920 --> 00:28:38,520 Speaker 1: prices as consumers take another look at electric Also the 494 00:28:38,520 --> 00:28:40,440 Speaker 1: big news here in the Los Angeles Sera this week 495 00:28:40,560 --> 00:28:44,480 Speaker 1: LA is rolling out new speed trap cameras. There is 496 00:28:44,480 --> 00:28:48,120 Speaker 1: a loophole carved out though the homeless don't have to pay. 497 00:28:49,040 --> 00:28:51,440 Speaker 1: This is interesting. In a unanimous fourteen and nothing vote. 498 00:28:51,440 --> 00:28:53,440 Speaker 1: This week, the la City Council cleared the way for 499 00:28:53,480 --> 00:28:57,400 Speaker 1: a sweeping automated speed enforcement program, as it's being called, 500 00:28:57,400 --> 00:29:00,520 Speaker 1: authorizing up to one hundred and twenty five cameras on 501 00:29:00,720 --> 00:29:05,480 Speaker 1: LA's most dangerous high crash streets. Drivers caught going eleven 502 00:29:05,520 --> 00:29:08,520 Speaker 1: to fifteen miles over the speed limit now face fifty 503 00:29:08,520 --> 00:29:11,440 Speaker 1: dollars tickets, and that jumps to one hundred for sixteen 504 00:29:11,480 --> 00:29:14,720 Speaker 1: to twenty five miles per hour, over, two hundred dollars 505 00:29:14,720 --> 00:29:17,680 Speaker 1: for twenty six miles per hour more, and five hundred 506 00:29:17,720 --> 00:29:21,120 Speaker 1: dollars for anyone clocked above one hundred miles an hour. 507 00:29:22,880 --> 00:29:25,840 Speaker 1: Clocking in for us right now is Lauren Fix, our 508 00:29:25,880 --> 00:29:28,440 Speaker 1: go to car expert, co host of The Drive Car Show, 509 00:29:28,680 --> 00:29:31,640 Speaker 1: syndicated radio show and founder of the Car Coach Reports 510 00:29:31,960 --> 00:29:34,480 Speaker 1: on YouTube. Lauren, thank you very much for taking the 511 00:29:34,480 --> 00:29:35,520 Speaker 1: call here this afternoon. 512 00:29:37,120 --> 00:29:37,680 Speaker 4: You're welcome. 513 00:29:37,760 --> 00:29:41,040 Speaker 5: Yeah, it's amazing another way to grab money out of 514 00:29:41,040 --> 00:29:43,880 Speaker 5: your pocket. And just so you're you're tracking this, this 515 00:29:43,920 --> 00:29:46,760 Speaker 5: is Assembly Bill six forty five that was actually signed 516 00:29:46,800 --> 00:29:49,960 Speaker 5: in twenty twenty three and initially was put up in 517 00:29:50,000 --> 00:29:52,280 Speaker 5: the San Francisco area, so it seemed to have good 518 00:29:52,320 --> 00:29:55,480 Speaker 5: results because the money that they were taking in and 519 00:29:55,520 --> 00:29:55,960 Speaker 5: people that. 520 00:29:55,920 --> 00:29:58,840 Speaker 4: Were paying the bills was millions of dollars. So they thought, 521 00:29:59,080 --> 00:30:00,280 Speaker 4: let's expand this. 522 00:30:00,400 --> 00:30:02,400 Speaker 5: So in October of twenty twenty five, they had a 523 00:30:02,480 --> 00:30:05,600 Speaker 5: state Senate bill seven to twenty that was signed. And 524 00:30:05,960 --> 00:30:09,040 Speaker 5: this is reshaping that red light camera framework because. 525 00:30:08,800 --> 00:30:11,720 Speaker 4: There's been a lot of judges that it's. 526 00:30:11,440 --> 00:30:14,520 Speaker 5: Not constitutional to get you on a red light camera, 527 00:30:14,640 --> 00:30:16,920 Speaker 5: but don't worry, we'll just send you a speeding ticket. 528 00:30:19,320 --> 00:30:21,880 Speaker 1: Yeah. So that's what's happening here now, and looks like 529 00:30:21,920 --> 00:30:26,120 Speaker 1: the La City Council this week taking up that new 530 00:30:26,200 --> 00:30:30,000 Speaker 1: law and running with it basically and laying it out 531 00:30:30,040 --> 00:30:34,360 Speaker 1: as I just described. So driver's cad going eleven to 532 00:30:34,400 --> 00:30:37,840 Speaker 1: fifteen miles an hour will phase fifty dollars tickets in 533 00:30:37,880 --> 00:30:38,240 Speaker 1: the mail. 534 00:30:40,120 --> 00:30:40,280 Speaker 4: Right. 535 00:30:40,440 --> 00:30:44,480 Speaker 5: What's interesting is it's a civil infraction, so instead of 536 00:30:44,520 --> 00:30:47,680 Speaker 5: it being something that would impact your insurance, which is 537 00:30:47,680 --> 00:30:49,320 Speaker 5: what you would think, Oh, if I don't pay this, 538 00:30:49,960 --> 00:30:51,520 Speaker 5: it's going to impact my insurance. 539 00:30:51,760 --> 00:30:53,720 Speaker 4: Make sure you do your research before not. 540 00:30:53,680 --> 00:30:55,760 Speaker 5: Paying it, because there are other forms of tickets you 541 00:30:55,760 --> 00:30:58,920 Speaker 5: can get in the mail. Do your research, go online, 542 00:30:58,960 --> 00:31:01,600 Speaker 5: make sure it's a legitimate ticket. There is some scams 543 00:31:01,640 --> 00:31:03,720 Speaker 5: going out out there where people are getting tickets in 544 00:31:03,760 --> 00:31:06,160 Speaker 5: the mail and that wasn't even them. So make sure 545 00:31:06,200 --> 00:31:08,800 Speaker 5: you do the research online. There's a ticket number on it. 546 00:31:09,000 --> 00:31:13,440 Speaker 5: Do the research if it is a civil infraction. Some 547 00:31:13,440 --> 00:31:16,040 Speaker 5: people aren't even paying it. And this is not just 548 00:31:16,040 --> 00:31:18,640 Speaker 5: a California thing. It's in Rhode Island, it's in Tennessee, 549 00:31:19,240 --> 00:31:21,000 Speaker 5: it's even here in New York where I am. 550 00:31:21,320 --> 00:31:23,760 Speaker 4: This is becoming more and more common. They send you the. 551 00:31:23,720 --> 00:31:25,920 Speaker 5: Bill and hope that you'll pay it and to give 552 00:31:25,920 --> 00:31:28,480 Speaker 5: you an idea. In August or twenty twenty five, this 553 00:31:28,520 --> 00:31:30,240 Speaker 5: is when they realized it was a good money grab. 554 00:31:30,480 --> 00:31:32,440 Speaker 5: They wrote over sixteen thousand. 555 00:31:32,120 --> 00:31:33,160 Speaker 4: Five hundred tickets. 556 00:31:33,320 --> 00:31:36,560 Speaker 5: There were all civil infractions, there were citations, and they 557 00:31:36,640 --> 00:31:38,840 Speaker 5: earned one point two million. 558 00:31:38,520 --> 00:31:41,920 Speaker 4: Dollars in one month. So that is a huge. 559 00:31:41,680 --> 00:31:43,880 Speaker 5: Money grab and that's why city officials are saying, well, 560 00:31:43,920 --> 00:31:45,880 Speaker 5: we should roll this out for the whole state of 561 00:31:45,920 --> 00:31:48,600 Speaker 5: California and then people will pay it because they want 562 00:31:48,600 --> 00:31:50,680 Speaker 5: to do the right thing. People typically don't want to 563 00:31:50,680 --> 00:31:54,160 Speaker 5: do the wrong thing. But these violations are are automatically 564 00:31:54,240 --> 00:31:55,680 Speaker 5: captured on automated cameras. 565 00:31:55,680 --> 00:31:58,640 Speaker 4: There's supposed to be a sign stating that there is. 566 00:31:58,640 --> 00:32:03,000 Speaker 5: An automated camera there and it's they claim that reduces speeds. 567 00:32:03,600 --> 00:32:06,560 Speaker 4: But again, is it you driving it? Did I loan 568 00:32:06,600 --> 00:32:08,600 Speaker 4: you the car? Frank? Are you driving my code. 569 00:32:08,440 --> 00:32:10,640 Speaker 5: At somebody else brought? Is it a rental car? I mean, 570 00:32:10,640 --> 00:32:13,320 Speaker 5: there's a lot of factors involved. The part that really 571 00:32:13,400 --> 00:32:15,560 Speaker 5: upsets me is that if you wish to appeal the ticket, 572 00:32:15,840 --> 00:32:17,920 Speaker 5: you have to pay to appeal the ticket. 573 00:32:19,560 --> 00:32:23,440 Speaker 1: And ps part of this, according to the LA City Council, 574 00:32:24,000 --> 00:32:27,080 Speaker 1: they're going to be allowing low income and homeless folks 575 00:32:27,160 --> 00:32:30,560 Speaker 1: to work off speed camera tickets through community service instead 576 00:32:30,560 --> 00:32:34,320 Speaker 1: of paying fines during this pilot program. So that is 577 00:32:34,360 --> 00:32:38,720 Speaker 1: also an interesting aspect. They have a car, Yeah, well, 578 00:32:38,840 --> 00:32:39,080 Speaker 1: you know. 579 00:32:39,040 --> 00:32:41,200 Speaker 4: What, do you have a car? 580 00:32:42,440 --> 00:32:44,840 Speaker 1: Here's a here's a shocker, but a lot. There's a 581 00:32:44,840 --> 00:32:47,080 Speaker 1: lot of homeless people who have full time jobs and 582 00:32:47,160 --> 00:32:50,000 Speaker 1: cars who are homeless here in Los Angeles just due 583 00:32:50,040 --> 00:32:51,720 Speaker 1: to the high cost of rent. That's how it. 584 00:32:51,720 --> 00:32:56,400 Speaker 5: Is, and living living in the state of California is 585 00:32:57,000 --> 00:32:58,120 Speaker 5: ridiculously overpriced. 586 00:32:58,160 --> 00:32:59,320 Speaker 4: New York is just as bad. 587 00:32:59,800 --> 00:33:02,200 Speaker 5: Illinois is right up there with at least. 588 00:33:01,960 --> 00:33:02,920 Speaker 4: The Chicago area. 589 00:33:03,280 --> 00:33:08,160 Speaker 5: But I do feel bad that they're ticketing people sometimes incorrectly. 590 00:33:09,000 --> 00:33:10,840 Speaker 5: So if you are in a situation where you cannot 591 00:33:10,840 --> 00:33:13,360 Speaker 5: afford to pay the ticket, you can, even if you 592 00:33:13,360 --> 00:33:15,880 Speaker 5: have a home, even if you're homeless, you're renting, whatever 593 00:33:15,880 --> 00:33:19,560 Speaker 5: your situation is, you can apply to the state to 594 00:33:19,680 --> 00:33:22,200 Speaker 5: have them make payments and they can be very small 595 00:33:22,240 --> 00:33:26,120 Speaker 5: payments as well. Again, if it's a civil action, the 596 00:33:26,280 --> 00:33:27,560 Speaker 5: a citation, then you may. 597 00:33:27,440 --> 00:33:28,320 Speaker 4: Not have to pay it at all. 598 00:33:28,840 --> 00:33:31,880 Speaker 1: Yeah, we need judges like that Frank DiCaprio from a 599 00:33:32,000 --> 00:33:34,520 Speaker 1: providence of Rhode Island, who had a heart for people 600 00:33:34,600 --> 00:33:37,440 Speaker 1: when he when he faced people that were in his 601 00:33:37,480 --> 00:33:41,560 Speaker 1: courtroom of a blessed memory. Now, what about what about 602 00:33:41,560 --> 00:33:43,600 Speaker 1: EV's and what's your reaction. We just had a big 603 00:33:43,640 --> 00:33:46,200 Speaker 1: conversation about diesel at a record high here in the 604 00:33:46,200 --> 00:33:49,760 Speaker 1: Los Angeles area, and and gas and premium of course 605 00:33:49,960 --> 00:33:52,080 Speaker 1: a lot higher because of the spike and the price 606 00:33:52,080 --> 00:33:56,520 Speaker 1: of oil. What's what? What are consumers doing and saying? 607 00:33:56,840 --> 00:33:59,320 Speaker 1: And is there more interested indeed for electric cars that 608 00:33:59,320 --> 00:34:02,200 Speaker 1: given what's happening, Well. 609 00:34:02,040 --> 00:34:03,640 Speaker 4: This is a short term situation. 610 00:34:03,840 --> 00:34:06,920 Speaker 5: And what's interesting is we only get three percent of 611 00:34:06,960 --> 00:34:08,279 Speaker 5: our fuel from the Middle East. 612 00:34:08,280 --> 00:34:09,160 Speaker 4: The rest of it is. 613 00:34:09,239 --> 00:34:13,120 Speaker 5: Here and so why are the prices spiking dramatically. So 614 00:34:13,320 --> 00:34:15,200 Speaker 5: what happens is it's not the fault of your local 615 00:34:15,280 --> 00:34:17,800 Speaker 5: gas station. So remember that they fill up the tanks. 616 00:34:17,800 --> 00:34:19,799 Speaker 5: When those tanks are empty, they have to refill them again, 617 00:34:19,840 --> 00:34:21,920 Speaker 5: and whatever that cost is is what they pass on 618 00:34:22,000 --> 00:34:24,120 Speaker 5: to you. So that's why you saw an increase in 619 00:34:24,200 --> 00:34:27,560 Speaker 5: prices overnight. So the distributors again get it from the 620 00:34:27,600 --> 00:34:30,920 Speaker 5: refineries and they're just passing that price down. 621 00:34:31,360 --> 00:34:33,600 Speaker 4: But there are speculators out there and they're the ones 622 00:34:33,640 --> 00:34:35,200 Speaker 4: that have caused the prices to go high. 623 00:34:35,280 --> 00:34:37,080 Speaker 5: Like last time we saw the prices go up to 624 00:34:37,200 --> 00:34:40,080 Speaker 5: seventy eight dollars a gallon in California, is because the 625 00:34:40,120 --> 00:34:44,279 Speaker 5: speculators thought, well, let's raise the prices. Let's assume the 626 00:34:44,280 --> 00:34:47,239 Speaker 5: cost is going to go higher, when in reality a 627 00:34:47,280 --> 00:34:50,600 Speaker 5: lot of it is not higher. And these are speculators 628 00:34:50,600 --> 00:34:53,480 Speaker 5: increasing the price. I expect as we're supposedly getting some 629 00:34:53,520 --> 00:34:57,080 Speaker 5: sort of agreement with Iran and President Trump. Once that 630 00:34:57,200 --> 00:35:00,799 Speaker 5: goes through, everything should balance back out. Unfortunately, reducing the 631 00:35:00,800 --> 00:35:03,040 Speaker 5: price of the pump is going to take a longer 632 00:35:03,080 --> 00:35:06,480 Speaker 5: period of time. Many people are just consolidating their trips. 633 00:35:07,200 --> 00:35:08,839 Speaker 5: When you go to a drive through. They don't use 634 00:35:08,880 --> 00:35:11,080 Speaker 5: the drive so they park their vehicle they go inside 635 00:35:11,080 --> 00:35:13,680 Speaker 5: because sitting in line you get zero miles to the gallon. 636 00:35:14,120 --> 00:35:16,719 Speaker 5: You can shop around for prices like gas Buddy or 637 00:35:16,760 --> 00:35:18,680 Speaker 5: Triple A. There's a whole bunch of different sites you 638 00:35:18,680 --> 00:35:21,400 Speaker 5: can go to to try and save a few dollars. 639 00:35:21,640 --> 00:35:25,000 Speaker 5: Also Costco, BJ's, any of those type of places where 640 00:35:25,040 --> 00:35:27,640 Speaker 5: there are groups. I think Sam's Club as well. If 641 00:35:27,680 --> 00:35:29,960 Speaker 5: they have a gas station, there's always a discount. So 642 00:35:30,280 --> 00:35:33,000 Speaker 5: shop around, do your homework because you can save a 643 00:35:33,000 --> 00:35:33,600 Speaker 5: few dollars. 644 00:35:33,680 --> 00:35:35,360 Speaker 4: It's going to add up in the bigger picture. 645 00:35:35,680 --> 00:35:38,920 Speaker 5: And if your car says the premium is recommended but 646 00:35:39,000 --> 00:35:42,239 Speaker 5: not required, you can go to a lower grade gasoline 647 00:35:42,760 --> 00:35:43,400 Speaker 5: eighty seven. 648 00:35:43,520 --> 00:35:45,560 Speaker 4: If you have a flex fuel vehicle, you can use 649 00:35:45,600 --> 00:35:47,880 Speaker 4: E eighty five. That will also save you some money. 650 00:35:48,320 --> 00:35:52,120 Speaker 1: That's great advice. And what about diesel? Of course diesel 651 00:35:52,120 --> 00:35:54,239 Speaker 1: power is a lot of trucks. But are they still 652 00:35:54,239 --> 00:35:56,640 Speaker 1: making diesel cars out there? And what's your guidance for 653 00:35:57,520 --> 00:35:59,960 Speaker 1: the diesel folks out there now? Paying a record high? 654 00:36:00,080 --> 00:36:01,520 Speaker 1: You're in LA. 655 00:36:02,520 --> 00:36:05,560 Speaker 4: I have a diesel SUV. I've had it since twenty sixteen. 656 00:36:05,640 --> 00:36:06,160 Speaker 4: I love it. 657 00:36:06,200 --> 00:36:09,040 Speaker 5: And because the fuel economy is so good, I get 658 00:36:09,040 --> 00:36:11,240 Speaker 5: thirty eight miles to the gallon and seven hundred miles 659 00:36:11,239 --> 00:36:13,560 Speaker 5: on a tank, and yes, it does cost me over 660 00:36:13,600 --> 00:36:16,040 Speaker 5: one hundred dollars to fill up again the same type 661 00:36:16,080 --> 00:36:16,359 Speaker 5: of thing. 662 00:36:17,200 --> 00:36:19,240 Speaker 4: Consolidate your trips and think wisely. 663 00:36:19,280 --> 00:36:21,840 Speaker 5: As far as diesel, sometimes you can go to commercial 664 00:36:21,880 --> 00:36:24,560 Speaker 5: locations and it's less expensive. Some of the truck stops 665 00:36:24,600 --> 00:36:27,000 Speaker 5: sometimes have lower prices, so you have to do your 666 00:36:27,000 --> 00:36:30,440 Speaker 5: homework and shop around. You can do that online as well. 667 00:36:31,160 --> 00:36:33,120 Speaker 5: Diesel cars are not being made here in the US 668 00:36:33,160 --> 00:36:36,360 Speaker 5: unless they're used, but they're in high demand because the 669 00:36:36,719 --> 00:36:40,160 Speaker 5: longer distance between Phillips and as far as evs, keep 670 00:36:40,160 --> 00:36:42,520 Speaker 5: in mind that once this is passed, which could be 671 00:36:42,560 --> 00:36:44,279 Speaker 5: only a couple of weeks, you don't want to have 672 00:36:44,360 --> 00:36:47,040 Speaker 5: invested in a vehicle that's electric and then find out, oh, 673 00:36:47,120 --> 00:36:49,920 Speaker 5: now electricity prices have gone up, which they continue. 674 00:36:49,520 --> 00:36:51,239 Speaker 4: To go up because California and New York can. 675 00:36:51,120 --> 00:36:54,560 Speaker 5: Have the highest electricity rates, and then what ends up 676 00:36:54,560 --> 00:36:56,480 Speaker 5: happening is you're stuck with a vehicle where you have 677 00:36:56,520 --> 00:36:59,680 Speaker 5: to pay to charge. So be very careful and vigilant 678 00:36:59,680 --> 00:37:02,319 Speaker 5: if you have a hybrid vehicle, you're probably in your 679 00:37:02,360 --> 00:37:04,680 Speaker 5: best position because you're going to get electric when you're 680 00:37:05,080 --> 00:37:08,120 Speaker 5: driving at slow speeds, and at higher speed, you would 681 00:37:08,360 --> 00:37:10,120 Speaker 5: obviously use the gasoline and less of it. 682 00:37:11,000 --> 00:37:11,320 Speaker 4: Trivy. 683 00:37:11,360 --> 00:37:13,600 Speaker 1: Lauren, thank you very much for joining us live here 684 00:37:13,640 --> 00:37:15,680 Speaker 1: with a great update. Lauren Fix, co host of the 685 00:37:15,760 --> 00:37:18,840 Speaker 1: Drive Car Show syndicated radio program and founder of the 686 00:37:18,840 --> 00:37:21,400 Speaker 1: Car Coach Reports on YouTube. It's always great to have 687 00:37:21,480 --> 00:37:23,239 Speaker 1: you with us. Lauren, thank you very much for joining 688 00:37:23,280 --> 00:37:24,320 Speaker 1: us livey this afternoon. 689 00:37:25,840 --> 00:37:26,439 Speaker 4: Thank you, Frank. 690 00:37:27,960 --> 00:37:30,640 Speaker 1: Stay tuned now for the seven ninety KBC News Blitz. 691 00:37:30,680 --> 00:37:32,880 Speaker 1: Let's recap today's action on Wall Street. We have an 692 00:37:32,920 --> 00:37:35,080 Speaker 1: update to talk about today with the now closing up 693 00:37:35,080 --> 00:37:37,320 Speaker 1: three hundred five points, the S and P five hundred 694 00:37:37,320 --> 00:37:40,960 Speaker 1: and thirty five, NASDAC moved at one sixty eight. Crude 695 00:37:40,960 --> 00:37:43,439 Speaker 1: all futures very much in the spotlight right now. We're 696 00:37:43,440 --> 00:37:46,080 Speaker 1: at ninety one oh six in New York, Gold at 697 00:37:46,080 --> 00:37:49,920 Speaker 1: forty five twenty eight, announced bitcoinhuvering at seventy one thousand, 698 00:37:50,040 --> 00:37:53,680 Speaker 1: three hundred. Stay two now for the news Blitz. I'll 699 00:37:53,680 --> 00:37:55,719 Speaker 1: be back with more four tomorrow, seven ninety k