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 --> 00:01:00,160
Speaker 1: Odds are they're using Square? We love supporting business is

17
00:01:00,200 --> 00:01:02,760
Speaker 1: that run on Square because it just feels seamless. Whether

18
00:01:02,800 --> 00:01:05,280
Speaker 1: it's a local coffee shop, a vendor at a pop

19
00:01:05,400 --> 00:01:08,560
Speaker 1: up market, or even one of our merch partners. Square

20
00:01:08,640 --> 00:01:12,000
Speaker 1: makes it easy for them to take payments, manage inventory,

21
00:01:12,080 --> 00:01:15,960
Speaker 1: and run their business with confidence, all from one simple system.

22
00:01:16,440 --> 00:01:19,039
Speaker 1: If you're a business owner or even just thinking about

23
00:01:19,120 --> 00:01:22,200
Speaker 1: launching something soon, Square is hands down one of the

24
00:01:22,240 --> 00:01:25,680
Speaker 1: best 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
00:01:51,640 --> 00:01:54,280
Speaker 2: Do you foresee a rate cut happening in September?

33
00:01:54,880 --> 00:02:00,280
Speaker 3: Let's go perview of my crystal ball. But I will say,

34
00:02:00,480 --> 00:02:02,120
Speaker 3: I'm gonna getlicked up. I'm gonna get something to be

35
00:02:02,400 --> 00:02:06,240
Speaker 3: I'm wrong about. I'm gonna say yes, got a fee

36
00:02:06,320 --> 00:02:08,720
Speaker 3: the streets one way or another, right, I'm gonna say yes,

37
00:02:08,800 --> 00:02:11,280
Speaker 3: we would need a rate cut at some point. I

38
00:02:11,320 --> 00:02:14,600
Speaker 3: don't have any intel or pow oh to all the Democrats.

39
00:02:15,240 --> 00:02:17,800
Speaker 3: None of anything that I said is reflective of how

40
00:02:17,840 --> 00:02:21,359
Speaker 3: I feel about Nancy Pelosi and Janet Yelling I know

41
00:02:21,440 --> 00:02:23,400
Speaker 3: you're not let me in the building, but them two

42
00:02:23,440 --> 00:02:27,919
Speaker 3: lout doors let me walk through, Yes, please? But yeah,

43
00:02:27,960 --> 00:02:30,840
Speaker 3: I think hopefully one rake cut will come in September.

44
00:02:30,919 --> 00:02:32,320
Speaker 3: It will be the one for the year if we

45
00:02:32,400 --> 00:02:34,000
Speaker 3: do it. But I hope.

46
00:02:33,760 --> 00:02:35,960
Speaker 1: So do you think one for the year.

47
00:02:37,080 --> 00:02:38,880
Speaker 3: I don't see how they do more because they I

48
00:02:38,880 --> 00:02:41,000
Speaker 3: don't think they can push us back down to two

49
00:02:41,080 --> 00:02:46,280
Speaker 3: percent after fourteen fifteen years of quantitative easy, and I

50
00:02:46,280 --> 00:02:47,960
Speaker 3: think if they were going to push us towards that

51
00:02:48,080 --> 00:02:51,840
Speaker 3: rate level, we would have been there already. The average

52
00:02:52,280 --> 00:02:54,040
Speaker 3: home mortgage is what seven percent now?

53
00:02:56,680 --> 00:03:00,640
Speaker 1: Well Fed Palace spoke last week, so the inflation number

54
00:03:00,639 --> 00:03:05,639
Speaker 1: is going down slightly. CPI is going down and according

55
00:03:05,680 --> 00:03:08,840
Speaker 1: to the CME, the Chicago Mercantal Exchange, who track this

56
00:03:09,840 --> 00:03:13,000
Speaker 1: and you are in you're in the green here, they

57
00:03:13,040 --> 00:03:15,040
Speaker 1: said that there's a ninety five percent chance that there

58
00:03:15,080 --> 00:03:16,560
Speaker 1: will be a rate cut in September.

59
00:03:17,520 --> 00:03:20,480
Speaker 3: Bravo. I took that part upto seeing me in Chicago,

60
00:03:21,080 --> 00:03:27,000
Speaker 3: they hopes, though, we need look at it. No, and

61
00:03:27,000 --> 00:03:28,600
Speaker 3: if I don't want any chance to win, he better

62
00:03:28,600 --> 00:03:32,120
Speaker 3: call Chicago and make sure that the number is right and.

63
00:03:32,080 --> 00:03:34,920
Speaker 1: Then have one in November and hopefully if you're still

64
00:03:34,920 --> 00:03:39,400
Speaker 1: there to get one in December, right called.

65
00:03:39,360 --> 00:03:43,120
Speaker 3: Moving company right into the Christmas rally.

66
00:03:43,760 --> 00:03:44,280
Speaker 1: We need it?

67
00:03:45,120 --> 00:03:50,680
Speaker 2: Yeah, all right, hit the like button and share. So

68
00:03:50,880 --> 00:03:53,320
Speaker 2: analyst Tom Lee has predicted the S and P five

69
00:03:53,400 --> 00:03:57,640
Speaker 2: hundred will reach fifteen thousand by twenty thirty. So that

70
00:03:57,680 --> 00:04:01,720
Speaker 2: would be like almost triple from where it is now. Yeah,

71
00:04:01,800 --> 00:04:04,240
Speaker 2: in a relatively short period of time. Twenty thirty is

72
00:04:04,280 --> 00:04:09,200
Speaker 2: not that far away. Six years, So is that even

73
00:04:09,600 --> 00:04:11,839
Speaker 2: realistic that the S and P four hundred is going

74
00:04:11,880 --> 00:04:17,599
Speaker 2: to increase triple in three years, in four years, six years,

75
00:04:17,640 --> 00:04:18,320
Speaker 2: six years?

76
00:04:18,600 --> 00:04:20,800
Speaker 3: Yeah, I don't. I mean love I love time. I

77
00:04:20,839 --> 00:04:23,200
Speaker 3: know some people don't like him because he's always super bullish,

78
00:04:23,279 --> 00:04:26,119
Speaker 3: but the thing that it does get right is better

79
00:04:26,160 --> 00:04:28,520
Speaker 3: to be bullish on the market long term because if

80
00:04:28,560 --> 00:04:30,599
Speaker 3: you look at a graph of how often we're positive

81
00:04:30,680 --> 00:04:33,480
Speaker 3: versus negative, I think, what seventy eight percent of the

82
00:04:33,520 --> 00:04:35,520
Speaker 3: time we're to the up. I don't know for a triple,

83
00:04:35,800 --> 00:04:39,480
Speaker 3: but I can see us doubling, especially if they start

84
00:04:39,520 --> 00:04:42,440
Speaker 3: moving some of these bummass companies out of the way.

85
00:04:42,560 --> 00:04:46,400
Speaker 3: Walgreens got kicked out. If the spy does and reshuffling

86
00:04:46,400 --> 00:04:48,599
Speaker 3: and put some better companies in there and replace the

87
00:04:48,600 --> 00:04:53,520
Speaker 3: ones in the laggards or value driven companies. I definitely

88
00:04:53,520 --> 00:04:56,760
Speaker 3: can see it's doubling by twenty thirty. Tripling will be tough.

89
00:04:56,760 --> 00:04:59,279
Speaker 3: We'll have to go and then in order for that

90
00:04:59,320 --> 00:05:01,080
Speaker 3: to happen, we will need to get back to get

91
00:05:01,080 --> 00:05:04,320
Speaker 3: back to two percent three percent interest rate across the board,

92
00:05:04,360 --> 00:05:05,919
Speaker 3: And I don't know if we'll have that many cuts.

93
00:05:05,960 --> 00:05:07,839
Speaker 3: But if we get down to two to three percent

94
00:05:07,920 --> 00:05:11,440
Speaker 3: and they reshuffle some of the companies that are in there,

95
00:05:11,560 --> 00:05:14,960
Speaker 3: we could triple. But I don't see us getting that

96
00:05:15,000 --> 00:05:20,360
Speaker 3: many rate cuts in our favor. I really don't. But

97
00:05:20,440 --> 00:05:23,320
Speaker 3: the biggest lesson is to stay long in the market

98
00:05:23,360 --> 00:05:23,840
Speaker 3: no matter what.

99
00:05:25,279 --> 00:05:25,479
Speaker 1: Well.

100
00:05:25,520 --> 00:05:31,359
Speaker 2: It's also can speak us hyperinflation, which is true. So

101
00:05:31,600 --> 00:05:34,479
Speaker 2: if the theory that the market is raped is true,

102
00:05:35,040 --> 00:05:38,599
Speaker 2: then it would be like, Okay, you know previously seven

103
00:05:38,640 --> 00:05:42,000
Speaker 2: percent average, that's people one hundred. That's not going to

104
00:05:42,040 --> 00:05:44,039
Speaker 2: do it if inflation is higher than that, So you

105
00:05:44,040 --> 00:05:48,160
Speaker 2: would have to get double digit return. And rule of

106
00:05:48,200 --> 00:05:50,040
Speaker 2: seventy two is that if you get seven point two

107
00:05:50,080 --> 00:05:52,440
Speaker 2: percent on your investment for a ten year period of time,

108
00:05:52,480 --> 00:05:55,520
Speaker 2: then that doubles your investment So now if the new

109
00:05:55,640 --> 00:06:00,280
Speaker 2: seven point two is fourteen percent or twenty percent right now,

110
00:06:00,320 --> 00:06:03,680
Speaker 2: you're going to start to see a higher increase while

111
00:06:03,720 --> 00:06:06,039
Speaker 2: money is getting devalued. You need a higher rates of

112
00:06:06,080 --> 00:06:09,440
Speaker 2: return to actually keep up with inflation. The regular seven

113
00:06:09,480 --> 00:06:13,000
Speaker 2: percent is not going to cut it anymore. So that's

114
00:06:13,000 --> 00:06:13,800
Speaker 2: something to consider.

115
00:06:14,960 --> 00:06:16,560
Speaker 3: That's a great point. I never thought about that. That's

116
00:06:16,600 --> 00:06:17,160
Speaker 3: a great point.

117
00:06:17,920 --> 00:06:23,040
Speaker 1: And at that number, what does that put the NaSTA?

118
00:06:23,120 --> 00:06:23,839
Speaker 1: What does that put the.

119
00:06:26,520 --> 00:06:31,760
Speaker 3: NASA could go belisted. If if the spy triples, then

120
00:06:32,000 --> 00:06:34,240
Speaker 3: that's a quintumplin for NaSTA.

121
00:06:34,440 --> 00:06:40,839
Speaker 1: Yeah, yeah, yeah, yeah, hold for the long.

122
00:06:40,720 --> 00:06:43,840
Speaker 3: Term, yeah hold, no matter what. But ver shot, that's

123
00:06:43,880 --> 00:06:48,119
Speaker 3: a great point about the inflation point for sure.

124
00:06:49,440 --> 00:06:51,320
Speaker 2: Yeah, something to think about, something to consider.

125
00:06:51,800 --> 00:06:55,479
Speaker 4: An illegal alien from Guatemala charged with raping a child

126
00:06:55,520 --> 00:06:59,320
Speaker 4: in Massachusetts. An MS thirteen gang member from l Salvador

127
00:06:59,520 --> 00:07:03,600
Speaker 4: a q of murdering a Texas man of Venezuelan charged

128
00:07:03,600 --> 00:07:07,520
Speaker 4: with filming and selling child pornography in Michigan. These are

129
00:07:07,560 --> 00:07:11,080
Speaker 4: just some of the heinous migrant criminals caught because of

130
00:07:11,080 --> 00:07:14,840
Speaker 4: President Donald J. Trump's leadership. I'm Christy Noman, the United

131
00:07:14,840 --> 00:07:19,600
Speaker 4: States Secretary of Homeland Security, Under President Trump, attempted illegal

132
00:07:19,600 --> 00:07:23,280
Speaker 4: border crossings are at the lowest levels ever recorded, and

133
00:07:23,320 --> 00:07:26,680
Speaker 4: over one hundred thousand illegal aliens have been arrested. If

134
00:07:26,720 --> 00:07:30,360
Speaker 4: you are here illegally, your next you will be fine

135
00:07:30,400 --> 00:07:34,520
Speaker 4: nearly one thousand dollars a day, imprisoned, and deported. You

136
00:07:34,600 --> 00:07:38,120
Speaker 4: will never return. But if you register using our CBP

137
00:07:38,280 --> 00:07:41,000
Speaker 4: home app and leave now, you could be allowed to

138
00:07:41,080 --> 00:07:45,920
Speaker 4: return legally. Do what's right, leave now. Under President Trump,

139
00:07:46,040 --> 00:07:49,680
Speaker 4: America's laws, border and families will be protected.

140
00:07:49,760 --> 00:07:51,880
Speaker 3: Sponsored by the United States Department of Homeland Security,