1
00:00:01,360 --> 00:00:03,640
Speaker 1: This episode is brought to you by P and C Bank.

2
00:00:04,000 --> 00:00:06,760
Speaker 1: A lot of people think podcasts about work are boring,

3
00:00:07,000 --> 00:00:10,840
Speaker 1: and sure they definitely can be, but understanding a professionals

4
00:00:10,920 --> 00:00:14,160
Speaker 1: routine shows us how they achieve their success little by little,

5
00:00:14,560 --> 00:00:18,200
Speaker 1: day after day. It's like banking with P and C Bank.

6
00:00:18,680 --> 00:00:21,480
Speaker 1: It might seem boring to safe plan and make calculated

7
00:00:21,480 --> 00:00:24,599
Speaker 1: decisions with your bank, but keeping your money boring is

8
00:00:24,640 --> 00:00:27,960
Speaker 1: what helps you live or more happily fulfilled life. P

9
00:00:28,080 --> 00:00:32,879
Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

10
00:00:32,960 --> 00:00:35,600
Speaker 1: Boring since eighteen sixty five is a service mark of

11
00:00:35,600 --> 00:00:38,840
Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

12
00:00:39,280 --> 00:00:45,920
Speaker 1: National Association Member FDIC erness What's Up? You ever walk

13
00:00:45,920 --> 00:00:49,000
Speaker 1: into a small business and everything just works like the

14
00:00:49,080 --> 00:00:53,200
Speaker 1: checkout is fast, the receipts are digital, tipping is a breeze,

15
00:00:53,479 --> 00:00:55,640
Speaker 1: and you're out the door before the line even builds.

16
00:00:55,960 --> 00:01:00,240
Speaker 1: Odds are they're using Square? We love supporting business that

17
00:01:00,320 --> 00:01:02,959
Speaker 1: run on Square because it just feels seamless. Whether it's

18
00:01:03,000 --> 00:01:06,000
Speaker 1: a local coffee shop, a vendor at a pop up market,

19
00:01:06,160 --> 00:01:09,040
Speaker 1: or even one of our merch partners. Square makes it

20
00:01:09,160 --> 00:01:12,559
Speaker 1: easy for them to take payments, manage inventory, and run

21
00:01:12,600 --> 00:01:16,600
Speaker 1: their business with confidence, all from one simple system. If

22
00:01:16,640 --> 00:01:19,480
Speaker 1: you're a business owner or even just thinking about launching

23
00:01:19,520 --> 00:01:22,520
Speaker 1: something soon, Square is hands down one of the best

24
00:01:22,520 --> 00:01:25,680
Speaker 1: tools out there to help you start, run and grow.

25
00:01:25,959 --> 00:01:28,959
Speaker 1: It's not just about payments, it's about giving you time

26
00:01:29,040 --> 00:01:32,000
Speaker 1: back so you can focus on what matters most ready.

27
00:01:32,040 --> 00:01:35,399
Speaker 1: To see how Square can transform your business, visit Square

28
00:01:35,480 --> 00:01:40,000
Speaker 1: dot com backslash go backslash eyl to learn more that

29
00:01:40,200 --> 00:01:45,640
Speaker 1: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

30
00:01:45,760 --> 00:01:48,160
Speaker 1: Let's Square handle the back end so you can keep

31
00:01:48,160 --> 00:01:49,400
Speaker 1: pushing your vision forward.

32
00:01:51,840 --> 00:01:56,720
Speaker 2: Nike stock fell after the company projected a larger sales

33
00:01:56,760 --> 00:01:58,880
Speaker 2: decline than expected for twenty twenty five.

34
00:01:59,360 --> 00:02:02,640
Speaker 1: What are you in sites on this situation? And is

35
00:02:02,800 --> 00:02:06,920
Speaker 1: now the time to load the vote?

36
00:02:07,440 --> 00:02:09,519
Speaker 2: I think there are forty or fifty other companies that

37
00:02:09,560 --> 00:02:12,960
Speaker 2: are better than Nike. Kudos to executive management there. I

38
00:02:13,000 --> 00:02:15,760
Speaker 2: appreciate you. They have to stop reblocking the same Jordan's

39
00:02:15,760 --> 00:02:18,320
Speaker 2: and dunks. People are tired of buying them. Fix it

40
00:02:18,680 --> 00:02:21,079
Speaker 2: crocs on your ass? Y'all did know what? So let

41
00:02:21,160 --> 00:02:24,400
Speaker 2: heat y'all need to see y'all need to go make

42
00:02:24,440 --> 00:02:28,880
Speaker 2: things right with Kanye, don See and Kyrie. Y'all want

43
00:02:28,919 --> 00:02:31,600
Speaker 2: to just push your everybody to the side. Okay, cool,

44
00:02:31,680 --> 00:02:35,760
Speaker 2: And it worked when we had a keyword night, zero

45
00:02:36,080 --> 00:02:40,120
Speaker 2: interest rate, environment and no desire or desire for them

46
00:02:40,160 --> 00:02:44,120
Speaker 2: re rocked paying did y'all keep putting out? So now

47
00:02:44,560 --> 00:02:50,560
Speaker 2: you need more creators with a certain hue to bring audience.

48
00:02:51,440 --> 00:02:54,239
Speaker 2: And you guys also have a profit margin issue, like

49
00:02:54,320 --> 00:02:57,560
Speaker 2: he was saying, My two biggest things in twenty all

50
00:02:57,680 --> 00:03:03,160
Speaker 2: state automation like emails don't matter investing for the long term.

51
00:03:03,280 --> 00:03:05,520
Speaker 2: And then you have to be in the luxury goods market.

52
00:03:05,720 --> 00:03:09,520
Speaker 2: So now you have Crocs, you have lemon that are

53
00:03:09,520 --> 00:03:13,480
Speaker 2: on your ass, Adidas cool, you have a whole bunch

54
00:03:13,480 --> 00:03:15,679
Speaker 2: of now And then you have the biggest competitor of

55
00:03:15,760 --> 00:03:21,480
Speaker 2: Nike as not Adidas as lvmh If I have to

56
00:03:21,520 --> 00:03:26,680
Speaker 2: pick between wearing certain goods, will I look better in

57
00:03:26,720 --> 00:03:29,760
Speaker 2: the luxury good or everyone on earth is your competition.

58
00:03:30,160 --> 00:03:33,120
Speaker 2: And because you didn't maybe secure Kanye and do what

59
00:03:33,160 --> 00:03:36,560
Speaker 2: you needed to do with Virgil and then Kyrie, those

60
00:03:36,560 --> 00:03:40,640
Speaker 2: are three creative powerhouses that you lost, and I don't

61
00:03:40,640 --> 00:03:42,080
Speaker 2: know how you're going to get them back. At some

62
00:03:42,160 --> 00:03:45,880
Speaker 2: point corporate needs to realize unless you're making something substantial

63
00:03:45,920 --> 00:03:49,440
Speaker 2: like large language models with n videos making in their

64
00:03:49,520 --> 00:03:52,920
Speaker 2: data centers in blackwell, you don't have a competitive advantage

65
00:03:52,920 --> 00:03:55,400
Speaker 2: if everybody can go remix your old designs and go

66
00:03:55,440 --> 00:04:00,160
Speaker 2: put them at another brand. Do right by Kyrie, did

67
00:04:00,320 --> 00:04:02,320
Speaker 2: right by Kanye, should have did right by Virsion. There's

68
00:04:02,360 --> 00:04:04,680
Speaker 2: other creatives that have not been done right and now

69
00:04:04,760 --> 00:04:09,120
Speaker 2: you have to deal with what you're going through. So yeah, no, no,

70
00:04:09,200 --> 00:04:11,080
Speaker 2: it's not not the load the boat time.

71
00:04:11,720 --> 00:04:13,800
Speaker 1: I would not I would not load the boat. I'm

72
00:04:13,840 --> 00:04:16,440
Speaker 1: not invested in Nike. Although I am an avid sneak

73
00:04:16,480 --> 00:04:19,800
Speaker 1: ahead and have plenty of Nike sneakers at the present time,

74
00:04:19,880 --> 00:04:23,160
Speaker 1: I'm not for a number of the reasons that you said.

75
00:04:23,200 --> 00:04:25,760
Speaker 1: I think the first thing is, especially in sneaker culture,

76
00:04:25,839 --> 00:04:27,960
Speaker 1: the lack of innovation and the shoes that they're making.

77
00:04:28,800 --> 00:04:30,760
Speaker 1: They hit a gold mine. They hit the gold mine

78
00:04:30,760 --> 00:04:32,680
Speaker 1: of all gold mines in the in the eighties when

79
00:04:32,680 --> 00:04:37,200
Speaker 1: they got Jordan Kobe was great for them, still is.

80
00:04:37,200 --> 00:04:40,160
Speaker 1: I'm glad that they brought that brand back. Uh didn't

81
00:04:40,160 --> 00:04:42,640
Speaker 1: treat him well or the family. Let me just speak

82
00:04:42,680 --> 00:04:45,440
Speaker 1: on it. Real quick they figured out. But they did

83
00:04:45,480 --> 00:04:48,800
Speaker 1: figure it out. We can, right, Vanessa didn't have to

84
00:04:48,800 --> 00:04:49,200
Speaker 1: go back.

85
00:04:51,240 --> 00:04:54,159
Speaker 2: That shouldn't been a gap where it wasn't the should Yeah,

86
00:04:54,320 --> 00:04:54,919
Speaker 2: I agree with you.

87
00:04:54,920 --> 00:04:56,760
Speaker 1: I don't think it should have expired. I think I mean,

88
00:04:56,800 --> 00:04:59,920
Speaker 1: he's one of these legacy athletes prior to him pass

89
00:05:00,040 --> 00:05:03,080
Speaker 1: he's a legacy athlete, he's a legacy brand inside of

90
00:05:03,120 --> 00:05:06,600
Speaker 1: the company. But there just hasn't been that innovation. Right,

91
00:05:06,680 --> 00:05:09,480
Speaker 1: Like in the mid nineties you had zoom technology inside

92
00:05:09,480 --> 00:05:12,520
Speaker 1: the shoe, right, you had like air in the early

93
00:05:12,880 --> 00:05:15,799
Speaker 1: and mid eighties. There hasn't been that innovation in the shoe.

94
00:05:15,839 --> 00:05:18,000
Speaker 1: I know, they tried the vapor Maax thing. It didn't

95
00:05:18,040 --> 00:05:21,719
Speaker 1: grow well. The two seventy was a shoe that was different.

96
00:05:22,000 --> 00:05:25,200
Speaker 1: It wasn't a recycled one. And so because they haven't

97
00:05:25,200 --> 00:05:27,479
Speaker 1: had the innovation. And I'm glad you brought an lvmh

98
00:05:27,839 --> 00:05:30,320
Speaker 1: is because that's where it's been for the past ten years.

99
00:05:30,400 --> 00:05:33,919
Speaker 1: It's been let's collab and so they have collab with

100
00:05:34,000 --> 00:05:37,760
Speaker 1: LVMHS right on the shoe. They have collabed with off White,

101
00:05:37,880 --> 00:05:40,160
Speaker 1: they have collabed with car Hard and Union and all

102
00:05:40,160 --> 00:05:44,120
Speaker 1: these brands. But those are remakes of shoes that exists.

103
00:05:44,279 --> 00:05:47,640
Speaker 1: There isn't any innovation inside there. But it also is

104
00:05:48,640 --> 00:05:51,280
Speaker 1: a microcosms of the sector. If we look at Little

105
00:05:51,320 --> 00:05:54,200
Speaker 1: Lemons performance over the past three years, down seventeen percent,

106
00:05:54,240 --> 00:05:57,480
Speaker 1: Adidas is down twenty six percent, Honda Alma forget about it.

107
00:05:57,640 --> 00:06:01,719
Speaker 1: These are the direct competitors that athletes of space. So

108
00:06:01,920 --> 00:06:05,720
Speaker 1: there is it too down? What was surprising, Like they

109
00:06:05,760 --> 00:06:07,520
Speaker 1: already said that they were going to have a decline

110
00:06:07,520 --> 00:06:10,360
Speaker 1: this year. They estimated it to be a three percent

111
00:06:10,440 --> 00:06:13,080
Speaker 1: decline based on the earnings that they reported on Friday,

112
00:06:13,400 --> 00:06:18,920
Speaker 1: it's looking like a ten percent decline. Yeah, that's I mean,

113
00:06:18,920 --> 00:06:22,240
Speaker 1: it's it's the fifty one buck. It was the worst

114
00:06:22,320 --> 00:06:24,360
Speaker 1: day in the history of the stock on Friday. And

115
00:06:24,400 --> 00:06:28,080
Speaker 1: then they're already expecting year over year decline for the

116
00:06:28,160 --> 00:06:32,800
Speaker 1: year ending in May five mm hm, Like you're already

117
00:06:32,800 --> 00:06:34,960
Speaker 1: telling us your future guidance is like, we're we're going

118
00:06:35,040 --> 00:06:37,320
Speaker 1: to lose money and profitability. We're going to lose money

119
00:06:37,320 --> 00:06:41,560
Speaker 1: in revenue. Should you even touch it, I'm not back

120
00:06:41,560 --> 00:06:44,760
Speaker 1: in the league, right and yeah on a bunch of

121
00:06:44,800 --> 00:06:48,839
Speaker 1: these social issues. You you missed the mark over and

122
00:06:48,880 --> 00:06:51,800
Speaker 1: over and again. You don't you have your biggest athlete

123
00:06:51,839 --> 00:06:55,719
Speaker 1: now his time? I mean, what one year? Two years?

124
00:06:55,720 --> 00:07:00,760
Speaker 1: Maybe for Lebron, maybe maybe, but who's next? Zion? That

125
00:07:00,760 --> 00:07:04,080
Speaker 1: didn't work Jason Tatum. I don't see kids gravitating to

126
00:07:04,080 --> 00:07:07,120
Speaker 1: try to grab Jason Tatum shoe. Joe thought maybe had

127
00:07:07,120 --> 00:07:09,600
Speaker 1: a chance from the from the athletics, from the basketball.

128
00:07:09,640 --> 00:07:12,720
Speaker 1: I didn't sign Anthony put They missed on that too,

129
00:07:12,760 --> 00:07:14,480
Speaker 1: But I don't. I just don't see the innovation from

130
00:07:14,520 --> 00:07:17,640
Speaker 1: the shoe and from the face of the brand. Right

131
00:07:17,680 --> 00:07:20,480
Speaker 1: the logo was the face then you obviously the Jordan

132
00:07:20,560 --> 00:07:23,560
Speaker 1: brand will continue, but even now the sales on Jordan

133
00:07:23,640 --> 00:07:24,160
Speaker 1: are still down.

134
00:07:24,800 --> 00:07:27,120
Speaker 2: Is better call Sonny Vacaro and go back to Nike

135
00:07:27,200 --> 00:07:29,080
Speaker 2: and put and hand out that money on the table.

136
00:07:29,080 --> 00:07:29,960
Speaker 2: How y'all used to do.

137
00:07:30,080 --> 00:07:32,400
Speaker 1: Or more tinker, tinker more than anybody when it comes

138
00:07:32,440 --> 00:07:35,000
Speaker 1: to innovation for the night and all their shoes. But

139
00:07:35,040 --> 00:07:39,400
Speaker 1: they don't. Who's the tinker now? We don't know, y'all.

140
00:07:39,440 --> 00:07:41,480
Speaker 2: Let new Balance get hot on y'all.

141
00:07:42,000 --> 00:07:47,120
Speaker 1: New Balance is hot, they go on fire, new bounces definitely.

142
00:07:47,520 --> 00:07:49,520
Speaker 2: If you just happen to look and they're half consultants

143
00:07:49,560 --> 00:07:52,080
Speaker 2: thinking me wrong. But when you look at like executive leadership.

144
00:07:52,880 --> 00:07:54,600
Speaker 2: Do they look like they may buy a lot of

145
00:07:54,640 --> 00:07:58,200
Speaker 2: the product that the culture may wear that they're selling to.

146
00:07:59,480 --> 00:08:00,320
Speaker 1: And that's just me.

147
00:08:00,360 --> 00:08:04,320
Speaker 2: I'm with the coach of you got well played. You

148
00:08:04,400 --> 00:08:06,280
Speaker 2: have to eat your own dog food.

149
00:08:08,440 --> 00:08:09,000
Speaker 1: But what do I know.

150
00:08:09,080 --> 00:08:11,240
Speaker 2: I'm just a guy, a pundit on a right wing

151
00:08:11,320 --> 00:08:14,320
Speaker 2: pundent on YouTube. Oh I'm gonna go on my little

152
00:08:14,320 --> 00:08:17,880
Speaker 2: Fox News Ryn. Come on, you go me Foxton friends

153
00:08:19,160 --> 00:08:19,880
Speaker 2: a late nice.

154
00:08:20,000 --> 00:08:23,640
Speaker 3: An illegal alien from Guatemala charged with raping a child

155
00:08:23,680 --> 00:08:27,480
Speaker 3: in Massachusetts. An MS thirteen gang member from Al Salvador

156
00:08:27,720 --> 00:08:31,840
Speaker 3: accused of murdering a Texas man of Venezuelan charged with

157
00:08:31,920 --> 00:08:35,800
Speaker 3: filming and selling child pornography in Michigan. These are just

158
00:08:35,920 --> 00:08:39,679
Speaker 3: some of the heinous migrant criminals caught because of President

159
00:08:39,720 --> 00:08:43,240
Speaker 3: Donald J. Trump's leadership. I'm Christy Noman, the United States

160
00:08:43,320 --> 00:08:48,080
Speaker 3: Secretary of Homeland Security. Under President Trump, attempted illegal border

161
00:08:48,120 --> 00:08:51,680
Speaker 3: crossings are at the lowest levels ever recorded, and over

162
00:08:51,760 --> 00:08:54,960
Speaker 3: one hundred thousand illegal aliens have been arrested. If you

163
00:08:55,040 --> 00:08:58,880
Speaker 3: were here illegally, your next you will be fine. Nearly

164
00:08:58,960 --> 00:09:03,760
Speaker 3: one thousand dollars imprisoned and deported you will never return.

165
00:09:04,080 --> 00:09:07,120
Speaker 3: But if you register using our CBP home app and

166
00:09:07,200 --> 00:09:10,520
Speaker 3: leave now, you could be allowed to return legally. Do

167
00:09:10,679 --> 00:09:15,760
Speaker 3: what's right. Leave now. Under President Trump America's laws, border

168
00:09:16,000 --> 00:09:19,000
Speaker 3: and families will be protected. Sponsored by the United States

169
00:09:19,000 --> 00:09:20,040
Speaker 3: Department of Homeland Security,