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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: What were your five biggest takeaways from the decision of

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Speaker 3: rating agency Fitch to downgrade US debt from the highest

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Speaker 3: rating of triple A to double A plus and does

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Speaker 3: this cause you to be concerned as an investor.

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Speaker 4: It was interesting to see this come out twelve years ago.

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Speaker 4: I remember when the S and P Global downgraded the

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Speaker 4: United States. Fitch is maybe the second, our third biggest

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Speaker 4: in that ratings game. But a few things that we

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Speaker 4: talked about before, Like the biggest takeaways I had is

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Speaker 4: our debt to GDP.

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Speaker 5: Ratio is too high.

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Speaker 4: If we're looking and we owe as a country thirty

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Speaker 4: one point four trillion dollars and debt, we're now in

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Speaker 4: the brink of Americans losing Social Security if you're under

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Speaker 4: the age of fifty. Our overall fiscal policy is a

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Speaker 4: absolute disaster. Higher interest rates, and that when we got

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Speaker 4: off quantitative easing as a part of this as well.

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Speaker 5: But even Bill Acklin said he's now.

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Speaker 4: Shortening thirty year treasuries for everyone in Sniper that would

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Speaker 4: be the equivalent of ZB And the truth is like,

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Speaker 4: we have to do a lot better job of managing

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Speaker 4: our debt. And the truth is like our leadership politically

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Speaker 4: has failed us so bad over the last.

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Speaker 5: Twenty years to put us in this position.

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Speaker 4: If I'm going to be very honest, if I'm doing

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Speaker 4: a SWAT analysis, which is like the strengths and weaknesses.

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Speaker 4: We haven't had great leadership in a long time. And

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Speaker 4: if you take out quantitative easing, the presidency of Barack Obama,

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Speaker 4: which I know certain people will have an issue with

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Speaker 4: his reign as president, we've really been in trouble collectively

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Speaker 4: as a country since nineteen ninety seven. Financially, rasha to

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Speaker 4: bring it up from time to time, but like tech

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Speaker 4: had a flat decade, and what really exacerbated excuse me,

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Speaker 4: or got us out of that crisis was quantitative easing,

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Speaker 4: and then we saw this miraculous tech boom from the

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Speaker 4: time Barack Obama gote and it started to taper off

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Speaker 4: around twenty twenty. But if we didn't have those two

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Speaker 4: things in place, who knows what we'll be. We probably

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Speaker 4: could have been the equivalent of Japan of having like

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Speaker 4: a flat two decades. Sweden, Norway, Australia did Mark have

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Speaker 4: amazing balance sheets. In comparison, we are leading the world's

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Speaker 4: race and having the most debt and we need to

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Speaker 4: borrow two trillion dollars in the next.

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Speaker 5: Two quarters to pay our bills.

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Speaker 4: So when I say our country is broke and the

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Speaker 4: positives are yes, amazing stock market, you probably have some

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Speaker 4: of the best opportunities here compared to other countries. I

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Speaker 4: think that leader is slowly diminishing. But I think we

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Speaker 4: need much better leadership politically.

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Speaker 6: Yeah, but now I was gonna say, I mean, that's

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Speaker 6: kind of like what the agency was saying. Like if

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Speaker 6: you even read their quote, it was one of the

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Speaker 6: reasons for the downgrade, the number one thing except was

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Speaker 6: the repeated debt and the political standoffs and last lasts,

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Speaker 6: and so we've seen these Hey, the government's gonna shut down,

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Speaker 6: government's gonna shut down.

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Speaker 7: Yeah, I mean at the last minute, I will.

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Speaker 8: Figure it out, but there might be a time where

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Speaker 8: they don't figure it out.

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Speaker 4: That's really I was talking to my mom about this

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Speaker 4: the other day. But let's go back to nineteen seventy.

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Speaker 4: What presidents would you have run your company or a

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Speaker 4: major company that were president over the last forty or

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Speaker 4: fifty years. It shouldn't take that long to answer, Like, Congress,

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Speaker 4: I think we need to I think we're shot. You

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Speaker 4: brought this up a couple of weeks ago. There needs

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Speaker 4: to be an age limit on how long you can

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Speaker 4: be in Congress as well. I think some of the

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Speaker 4: leadership decisions that are being made would not be made

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Speaker 4: if we had more thirty year olds, forty year olds

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Speaker 4: and fifty year olds there. I know everyone dragted Nancy

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Speaker 4: Pelosi over the coldest for our stock and trade and

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Speaker 4: investment insights and returns that.

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Speaker 5: She's able to get, but I think we need a

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Speaker 5: complete overhaul of our political system because things are not

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Speaker 5: going well.

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Speaker 4: I know some people are going to argue that the

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Speaker 4: rating agency doesn't matter, but I think in combination with

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Speaker 4: real estate going up as quickly as it did over

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Speaker 4: the last three years, we're going to hover around five

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Speaker 4: to eight percent for the next seven to eight years

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Speaker 4: for the overall interest rates. This is going to drive

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Speaker 4: It's feeling like two thousand and seven. I remember when

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Speaker 4: I was in Atlanta in two thousand and seven and

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Speaker 4: Norcross and Alpharetta, and everyone was like, Yo, everything's going

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Speaker 4: to be fine. And it took an act of God,

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Speaker 4: damn near to make the recession go away, and business

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Speaker 4: was a lot slower. And if we don't fix this

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Speaker 4: very soon, I think we can go back to a

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Speaker 4: much slower economy. I know we talked about it last week.

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Speaker 4: Shout out to dbs Maul, I appreciate you. He'll drop

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Speaker 4: a lot of money bags in the comments, but there's

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Speaker 4: not a lot of people that have a lot of

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Speaker 4: money that is freely flowing around, and businesses are getting tighter.

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Speaker 5: And we'll talk about Apple later.

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Speaker 4: Even Apple started to suffer slower iPad and iPhone sales

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Speaker 4: as a result because money is not flowing around. So

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Speaker 4: if we do not turn this around, it's going to

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Speaker 4: be an issue. I'll say this and wrap it up.

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Speaker 4: But I do think if we have a president that

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Speaker 4: poses a real solution to some of these problems, he

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Speaker 4: could probably want to be one of the greatest superheroes

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Speaker 4: of this century. Because no one I hear on a

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Speaker 4: not Divivak, not Trump, not Robert F. Kennedy, not Biden.

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Speaker 4: I don't hear anyone talking about a real solution. So

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Speaker 4: for all the politicians that listen, man, if one of

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Speaker 4: you gets on a platform like this one or invest

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Speaker 4: that so market mondays and give people an actual solution

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Speaker 4: and tell people the truth about what it's going to

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Speaker 4: take to turn the country around.

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Speaker 5: You are there to be a dictator.

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Speaker 4: But I don't see anyone in the political landscape that

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Speaker 4: is willing to do so. But when I'm looking forward

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Speaker 4: to edge on what we need. We need a fearless

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Speaker 4: leader that can rally not only the citizens, but senators

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Speaker 4: and congressmen to have changed come about.

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Speaker 7: So does this affect us from an investor standpoint?

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Speaker 8: Right is absolutely, But from the standpoint like if we're

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Speaker 8: looking at politics, this doesn't mean we've seen there hasn't

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Speaker 8: been by partisanship for we could say last ten years,

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Speaker 8: but for the past five it's been terrible.

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Speaker 7: It's been absolutely terrible.

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Speaker 8: I don't see any let up on this, and so

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Speaker 8: can we can we say that this can We're only

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Speaker 8: getting downgraded in the first in the first agency.

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Speaker 7: Can you see it happening in SMP and Moodies as well?

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Speaker 4: Absolutely? I mean SMP was the one who did twelve

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Speaker 4: years ago. And if Moody does it, which is one

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Speaker 4: of my favorite stocks ticker MCO. So you guys can

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Speaker 4: watch that and put that in your watch list, but

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Speaker 4: if they do it as well, it's really just saying

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Speaker 4: what I've.

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Speaker 7: Earnest, what's up?

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Speaker 9: You ever walk into a small business and everything just

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Speaker 9: works like the checkout is fast, the receipts are digital,

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Speaker 9: tipping is a breeze, and you're out the door before

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Speaker 9: love support businesses that run on Square because it just

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador

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Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom, the United States

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Speaker 1: Secretary of Homelands Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: were here illegally, your next you will be fine nearly

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Speaker 1: one thousand dollars a day. Imprisoned and deported, you will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now. You could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 4: Been screaming since two years ago, even though they won't

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Speaker 4: announce that we are in a recession. The business fundamentals

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Speaker 4: of the country is now. If I was to look

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Speaker 4: at the United States of America like a company, what

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Speaker 4: is this benefit really? Technology and some of the exports

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Speaker 4: that we do have great? Who is the CEO? Biden

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Speaker 4: would be CEO? Is he the best? What are some

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Speaker 4: of our weaknesses? And we have a bunch of industries

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Speaker 4: and a bunch of countries trying to team up at

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Speaker 4: one time to take us down.

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Speaker 5: There are some changes that need to be made.

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Speaker 4: So yeah, Tuesday through Friday of last week the market

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Speaker 4: fell apart, like Apple went from one ninety something to

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Speaker 4: one fell four percent and one day.

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Speaker 5: That's not because of the earners report.

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Speaker 4: People are being a lot more And I always go

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Speaker 4: to Troy, like to Rashad's example. So whenever you tell

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Speaker 4: Rashad about investment, he's gonna We'll tell me how it

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Speaker 4: won't work. It reminds me a lot of my dad.

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Speaker 4: My dad doesn't want to hear about any of the upside.

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Speaker 4: Tell me what can go wrong. One of the things

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Speaker 4: that can drag tech and a nastack down dramatically is

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Speaker 4: these ratings.

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Speaker 5: And then if they.

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Speaker 4: Start telling the truth about how our economy is doing.

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Speaker 4: This is just one rating agency that most people never

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Speaker 4: heard of, and the market fell five percent. I imagine

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Speaker 4: if they come out and just say, yeah, without quantitative Eason,

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Speaker 4: we wouldn't have done well. We don't have a plan

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Speaker 4: to fix it because I'm not hearing many people pose

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Speaker 4: many solutions. That's why I think like Market Monday's the

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Speaker 4: show markut Monday's Live the Best that'st is so important

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Speaker 4: because you're going to get a chance to hear from

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Speaker 4: billionaires and millionaires that are like.

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Speaker 5: Actively trying to fit some of these solutions.

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Speaker 4: But it definitely will affect us because if Yellow the

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Speaker 4: trucking company went out of business, Disney's having trouble. When

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Speaker 4: I when it did my analysis earlier, Disney only has

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Speaker 4: like a thirty seven percent excuse me, less than two

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Speaker 4: percent chance of going out of business, But ten years

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Speaker 4: ago it was less than zero point three percent that

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Speaker 4: they zero point zeros are three percent that they could.

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Speaker 4: America I won't say is in a decline phase, but

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Speaker 4: it is. The economy is a lot softer than we

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Speaker 4: needed to be. And the truth is, we talked about

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Speaker 4: it before. There are a lot of jobs that are available,

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Speaker 4: but they are not high pain. And even when I'm

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Speaker 4: seeing travel internationally, I asked at the front, ask them

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Speaker 4: like how are sales? One of my favorite questions to ask,

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Speaker 4: and down sixty percent year of a year. We're the

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Speaker 4: customer base four turks. So if we're going most people

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Speaker 4: are hurting. Rent is going up, mortgages are going up.

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Speaker 4: This is definitely going to be a tougher time and

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Speaker 4: we need leadership to come in and fix us. But

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Speaker 4: I definitely want to ask you guys, what do you think?

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Speaker 4: Because you're traveling around, you're talking to different people. Got

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Speaker 4: an amazing episode coming out Friday. We'll love to hear

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Speaker 4: their thoughts on economy. But but how do you guys feel

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Speaker 4: about this writing?

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Speaker 3: Yeah, I don't think that it's a tremendously big deal

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Speaker 3: in the grand scheme of things, but when it's not,

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Speaker 3: it's not beneficial. That's why I always look at life like,

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Speaker 3: you know, some like it's like, okay, should we do

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Speaker 3: a commercial for market Mondays. It couldn't hurt, It might not,

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Speaker 3: might not be, might not be the most beneficial beneficial,

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Speaker 3: but couldn't it couldn't hurt. And then it's like, all right, well,

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Speaker 3: if the audio is extremely bad on Market Mondays, right,

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Speaker 3: people still probably tune in, but it can't help.

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Speaker 5: Yeah.

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Speaker 3: I mean like sometimes that's how I look at life, like,

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Speaker 3: it can't be beneficial for America or for the economy.

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Speaker 3: It might not be the tipping point that's going to

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Speaker 3: break it at the stock market, but it's not helpful.

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Speaker 3: And you know, if this starts a trend and you know,

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Speaker 3: people become more and more you know, scary and weary

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Speaker 3: about you know, America's ability to pay back its loans,

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Speaker 3: that's never beneficial. So I think that I'm not one

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Speaker 3: hundred percent worried about this right now. I don't think

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Speaker 3: it's too big of a deal, but it is something

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Speaker 3: to at the very least be aware of and to

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Speaker 3: monitor because it's not something that you want to you know,

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Speaker 3: continuously go down.

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Speaker 7: It's this slope of getting downgraded. Yeah, I will add

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Speaker 7: just briefly to that.

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Speaker 8: I mean when we think of the word credit and

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Speaker 8: we think about even from a personal standpoint, and I'd

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Speaker 8: like to rely on that because it just means how

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Speaker 8: trustworthy are you? Yep, right, Like from a personal standpoint,

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Speaker 8: from a country standpoint, you're talking about the leader, and

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Speaker 8: from a global economy the United States, how trustworthy are

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Speaker 8: we if we continue to have so much debt and

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Speaker 8: our GDP is not matching or keeping up pace with that.

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Speaker 8: And so we name the non countries that have triple

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Speaker 8: A ratings, so you know, number one thing it tells

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Speaker 8: you is that these people are going to be trusted

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Speaker 8: and so what will business look like going forward for

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Speaker 8: those countries?

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Speaker 7: And how do we get back to that standpoint?

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Speaker 8: I know we sat from a political standpoint, that's the

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Speaker 8: first piece, but that's just one thing, right, Like the

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Speaker 8: political part is one part.

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Speaker 7: But how do we pay off the debt?

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Speaker 8: Like the piece putting the pieces in place are important,

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Speaker 8: but what is the action plan to actually alleviate some

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Speaker 8: of this debt? Because it hasn't it's only going up

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Speaker 8: over the past five ten years.

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Speaker 4: Yeah, I know, Trumack made the point, like we still

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Speaker 4: are the number one country, have the number one currency,

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Speaker 4: and what our investors alternatives with. The alternative is to

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Speaker 4: do nothing. You don't have to park your because like

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Speaker 4: a lot of foreign entities don't want to buy our

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Speaker 4: debt at this current rate.

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Speaker 5: Option is to put it elsewhere.

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Speaker 4: Like that's why we talked about the Saudi's and shout

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Speaker 4: out to whoever made the opinion piece talking about shit,

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Speaker 4: the Saudis go after Lebron after we talked about it

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Speaker 4: last week. I appreciate you, but give us credit. But

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Speaker 4: the option is to always do nothing. Like private equity

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Speaker 4: and like the top tier firms are very good at

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Speaker 4: putting their powder on the side and winning for the

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Speaker 4: right opportunity. And I keep saying that there shouldn't be

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Speaker 4: seven companies that are ruling the returns of twenty twenty three.

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Speaker 4: I mean, if you want to dice it down to

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Speaker 4: international companies as well, and maybe like fourteen companies overall

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Speaker 4: that are just like consistently dominating out of six thousand stocks.

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Speaker 4: If that isn't a sign that our credit is weakening

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Speaker 4: and that the economy is in the stable as it

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Speaker 4: should be, I don't know what it is, but.

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Speaker 5: Stay tuned.

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Speaker 4: And that's why I always say you have to invest

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Speaker 4: in the best companies because they'll provide your return regardless

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Speaker 4: of what the market is giving you at the time.

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Speaker 8: So how will they refinance the debt? That'll be the question.

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Speaker 5: It's gonna be tough.

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Speaker 1: We'll see an illegal alien from Guatemala charged with raping

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Speaker 1: a child in Massachusetts, an MS thirteen gang member from

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Speaker 1: Al Salvador accused of murdering a Texas man of Venezuelan

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Speaker 1: charged with filming and selling child pornography in Michigan. These

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Speaker 1: are just some of the heinous migrant criminals caught because

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Speaker 1: of President Donald J. Trump's leadership. I'm Christy Noman, the

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Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted

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Speaker 1: illegal border crossings are at the lowest levels ever recorded,

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Speaker 1: and over one hundred thousand illegal aliens have been arrested.

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Speaker 1: If you are here illegally, your next you will be

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Speaker 1: fine nearly one thousand dollars a day in prison and deported.

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Speaker 1: You will never return. But if you register using our

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Speaker 1: CBP home app and leave now, you could be allowed

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Speaker 1: to return legally. Do what's right. Leave now. Under President Trump,

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Speaker 1: America's laws, border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security,