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Speaker 5: All right, guys, welcome back to eyl stated the union
Speaker 5: episode like that, Yeah, we had to spice it up
Speaker 5: a little bit once again. If you're a loyal listening
Speaker 5: to earn your lisia. You know how we started the show.
Speaker 5: It was just me and Troy, no guests, and you know,
Speaker 5: people always asked for that, and we did another episode
Speaker 5: which just us two months ago. I got a good reaction.
Speaker 5: So this is something that we're going to try to
Speaker 5: do at least once a month more.
Speaker 6: Well, there's a lot going on and like people want
Speaker 6: to know our opinion. They want us to break down
Speaker 6: these things.
Speaker 5: So yeah, so it's a couple of different models that
Speaker 5: we have, Like for the shows. Like some some shows
Speaker 5: is we bring guests on and they break down their
Speaker 5: energry like a how to like the mobile homes or
Speaker 5: vending machines.
Speaker 3: Like a house I just want to say machine.
Speaker 5: Then you got stories entertainment ones like Nick Storm, Kenny
Speaker 5: Burns where they like tell their their journeys and business.
Speaker 5: And then you have some some shows. But just us,
Speaker 5: we we're like commentators. It's like it's like commentators of
Speaker 5: what's going on, trending topics, business case studies, things of
Speaker 5: that nature, and we, you know, we give our take
Speaker 5: on and we can't just break it down and laming
Speaker 5: terms for everybody to understand.
Speaker 6: That's that seems to be like the formula for us
Speaker 6: in the beginning, right, it was like, Yo, get these things,
Speaker 6: these ideas from what's happening in the world and break
Speaker 6: it down to our audience.
Speaker 3: Man. So we're going to do that for all to day.
Speaker 5: Yeah, that's what we're gonna do. So before we start
Speaker 5: Philadelphia got about ten days left. It's crazy. I ain't
Speaker 5: gonna sit here a lot of the live podcast. We
Speaker 5: got Wallowed two six seven, Big Business near Mayah Davis
Speaker 5: and just added just added special alert.
Speaker 3: Yeah, yes, yes, the legend.
Speaker 5: Himself, John Henry, John Henry, Venture Capitalist, all star media
Speaker 5: guru everything. If you checked out John Henry's episode, you know,
Speaker 5: like this, this dude is really just special genius.
Speaker 3: He's special man, twenty seven years old.
Speaker 5: He hit me up. He hit me up like y'all
Speaker 5: heard y'all coming to Philly. And you know he does
Speaker 5: a lot of work in Pennsylvania.
Speaker 3: He's got some real estate stuff on.
Speaker 5: So he's like, y'all would love to be a part,
Speaker 5: and I'm like, let's do it. So John Henry will
Speaker 5: be in the building. And then the live podcast is
Speaker 5: also catered, yeah, open bar, and it's a private networking
Speaker 5: event too, So that's dope too because it's like that
Speaker 5: networking is just powerful, Like look how many people that's
Speaker 5: on the podcast, and then Wall Street Trapper is going
Speaker 5: to be there, and the mortgage a bunch of credit
Speaker 5: solutions to Beam and business all of us. It's gonna
Speaker 5: be crazy.
Speaker 6: You know, when you was doing the live with Neomia Davis,
Speaker 6: he was like, yo, people, are talking about the cost,
Speaker 6: and he was like, Yo, what is it going to
Speaker 6: cost you? If you're not in that room? Think about that.
Speaker 6: When he said that, I was like, damn, that's powerful.
Speaker 5: Now it's gonna be a whole vibework. Then the next day,
Speaker 5: the fifteenth of March, we have the workshop with a
Speaker 5: Tea Blair and I used to show that everybody's asked for.
Speaker 5: I used to show the real estate. Alex good Energy
Speaker 5: is going to talk about trucking industry and because if
Speaker 5: Edwards is going to be talking about vending machines and
Speaker 5: everything you need to know about everybody.
Speaker 3: Everybody's been calling about that episode.
Speaker 5: Yeah, episode is on fire. So yeah man, all of
Speaker 5: the information is on our website e y L experience
Speaker 5: dot com. Eyl experience dot com. Go check it out.
Speaker 5: And yeah, man, we love to see everybody turned out.
Speaker 5: So Philadelphia, man, we can't wait to see the whole team.
Speaker 5: Won't be there too, y'all for sure. So we're gonna
Speaker 5: jump right into it. The first topic that we're going
Speaker 5: to talk about is the coronavirus.
Speaker 3: Serious one man.
Speaker 5: Yeah, first and foremost, rest in peace to anybody. I
Speaker 5: think it's sixty four people. So far that have passed
Speaker 5: away from the coronavirus and anyone that's been effected get
Speaker 5: well soon. Yeah, because we're gonna talk about the business side,
Speaker 5: but even obviously bigger than business is health health.
Speaker 3: Yeah, and you want to you know.
Speaker 5: We can't take that light like it's a serious virus.
Speaker 3: Yeah, I think people get confused with that.
Speaker 6: They're like, I think people just unaware of what it is, right,
Speaker 6: So it's like they just hear it on the news
Speaker 6: and then it's completely oblivious to how it works and
Speaker 6: what it does to the body.
Speaker 3: So hopefully we're going to shed some light on.
Speaker 5: That, yeah, for sure. So, yes, the coronavirus started in
Speaker 5: Asia and China.
Speaker 3: I believe Muhan Muhan China.
Speaker 5: Yeah, a few months back, and it's just spread all
Speaker 5: over the world. Now, sixty four cases in America last
Speaker 5: time I checked eighty five thousand cases across the world world.
Speaker 6: Why so they're saying that it's a global crisis right now,
Speaker 6: So we have epidemics and pandemics, right. Epidemic meaning that
Speaker 6: it is something that is taking over a localized area, right,
Speaker 6: and then it may spread to a few communities, and
Speaker 6: then we turned in to a pandemic. It's like worldwide
Speaker 6: where it goes from one continent to the next. So
Speaker 6: they're saying not yet according to the CDC, not a pandemic,
Speaker 6: but a global crisis.
Speaker 5: Yeah, it's it's serious. And I was just traveling a
Speaker 5: few different countries and went to Toronto and connected fight in Toronto,
Speaker 5: and seriously, they gotta check, like what countries you've been
Speaker 5: to and have you been to Asia? And it's a
Speaker 5: serious situation. So it's affecting the world's economy because, at
Speaker 5: least on the podcast before, the world is flat now,
Speaker 5: so what happens on the other side of the globe
Speaker 5: affects the whole globe. So it happened in China, and
Speaker 5: obviously China is the world's second biggest economy.
Speaker 3: I mean huge supplier.
Speaker 5: Yeah, huge applier to the whole world, a lot of
Speaker 5: different things. So it's just taking a hit. It's taking
Speaker 5: a hit on some major corporations. Nike seventeen billion dollars
Speaker 5: has been shaved off of their valuation last week. Yeah,
Speaker 5: two hundred billion from all of the big tech companies.
Speaker 6: Apple, Apple had a huge loss. They have a city
Speaker 6: in China, I want to pronounce it right, jang jiang Zo, China.
Speaker 6: It's actually known as the iPhone capital of the world.
Speaker 6: Like half of the iPhones.
Speaker 3: In the world come from there.
Speaker 6: They actually had to shut down their factory three hundred
Speaker 6: and fifty thousand employees.
Speaker 3: Yep. That's like more than a city.
Speaker 5: No, it's serious, and it's like a lot of manufacturing
Speaker 5: goods come out of China. So even like on a
Speaker 5: local level, like I know people that's personally affected by it,
Speaker 5: like small business owners that's getting merchandise from China.
Speaker 3: We have that conversation every night and they can't get it.
Speaker 5: I just spoke to Alex get an energy shot out
Speaker 5: to Alex and he was telling me how the trucking
Speaker 5: industry is affected by it right now.
Speaker 3: Yep.
Speaker 5: A lot of goods that are being trucked that come
Speaker 5: in from China haven't come in or it can't come
Speaker 5: in right now, so the truck is a little slow
Speaker 5: right now. So it's affecting everybody. It's serious.
Speaker 6: I mean Chinese economy in itself, right we just finished
Speaker 6: having a trade war with them, and right after the
Speaker 6: trade war and now we have the coronavirus and it's like,
Speaker 6: you know, they're taking a huge hit huge hit manufacturing
Speaker 6: and even in the prescription drug that like that was
Speaker 6: something I had to find out myself, Like a lot
Speaker 6: of the ingredients that go into our prescription drugs come
Speaker 6: from China, so like this this sworages on that man.
Speaker 6: So it's like a global effect and things that we
Speaker 6: had no idea, Like this is how important this is?
Speaker 5: Yeah, So we'll start off with the stock market. So
Speaker 5: this is something that is a really big thing because
Speaker 5: stocks are down twelve percent one week, which is the
Speaker 5: largest pullback in the stock market for one week since
Speaker 5: two thousand and eight. Yep, since the financial crisis. That
Speaker 5: twelve percent pullback wiped away all of the gains for
Speaker 5: twenty twenty, so there's no gains that have been made
Speaker 5: as far as the stock market is concerned for the
Speaker 5: twenty twenty base off of just one week, they had
Speaker 5: its sharpest drop in the day since two thousand and eight.
Speaker 5: Once again. So it's it's it's it's really serious. So
Speaker 5: a lot of people's panicking right now, like what should
Speaker 5: we do? Yeah, it's like, you know, it's crazy.
Speaker 3: I've seen I've seen the comments like yeah, what should
Speaker 3: we do? What should we do? It's like, yo, listen man,
Speaker 3: and when we see red, we don't pin it. Yeah,
Speaker 3: we don't penning.
Speaker 5: I think I think it's import to understand that before
Speaker 5: we even talk about like the effect on the stock market,
Speaker 5: you have to understand how the stock market works. Like
Speaker 5: I don't think people fully understand how stock market works.
Speaker 5: So just general economy period. Like, So there's what's called
Speaker 5: bulls and bear markets.
Speaker 3: Right.
Speaker 5: The bull market is when the stock market is going up.
Speaker 5: The bear markets when the stock market is going down.
Speaker 5: The reason why it's called the bull because they have
Speaker 5: horns and they throw their prey in the air when
Speaker 5: they're like wrestling with them.
Speaker 3: They're aggressive in the sense well not even.
Speaker 5: That, but they throw it up like if you try
Speaker 5: to wrestle the bull, like they'll tors you up, whereas
Speaker 5: a bear wrestles you down. So that's why the bull
Speaker 5: goes up and the bear goes down. A little tibbot
Speaker 5: for anybody that was interested. So the average bull market
Speaker 5: is seven years, right, the average bear market is fourteen months.
Speaker 5: So we've been in a bull market since the end
Speaker 5: of two thousand and eight, so we're we're in almost
Speaker 5: a twelve year bull market. So I say that to say,
Speaker 5: if you study history, we can we can never predict
Speaker 5: the future, but the best way to kind of predict
Speaker 5: what what happens to look, we're ready years past, but
Speaker 5: should have been a beer market. So I mean it's
Speaker 5: common sense that a bear market is going to come
Speaker 5: eventually pretty soon probably. I mean, it's just like saying, Okay,
Speaker 5: if you live somewhere like in Florida and Miami, they
Speaker 5: have hurricanes, right, if you haven't had a hurricane in
Speaker 5: fifteen years, you're probably due for hurricanes coming. It's overdue.
Speaker 3: I mean, it's like the law of nurtier, right, what
Speaker 3: goes up eventually must come down.
Speaker 5: Yeah. So and then it is market corrections, right, So
Speaker 5: a market correction is a pullback in the market, usually
Speaker 5: about ten percent. So this is what will be a
Speaker 5: market correction, right, So what happens is that market corrections happen,
Speaker 5: Like we had a market correction in twenty eighteen, but
Speaker 5: we haven't had a recession, So people throw that term
Speaker 5: around a lot as well. Recession. How they define recessions
Speaker 5: is two consecutive quarters of negative GDP growth, So like people.
Speaker 6: Who don't know understand that quarters. Obviously, the being four
Speaker 6: in a year first, second, and third, fourth.
Speaker 5: Right, so that's like six months six months of negative
Speaker 5: d GDP growth will result in a recession. Right, So
Speaker 5: all right, how does this all play out for the
Speaker 5: stock market? Right? Right now, the stock market is going down.
Speaker 5: The stock market is not going to go to zero.
Speaker 5: It's not going to happen. So it's like if, in
Speaker 5: my opinion, like you, it's hard to time the market.
Speaker 5: These people are saying like, Okay, this is a good
Speaker 5: time to get in because the market is down. Well,
Speaker 5: you have to be careful with that, because it's still
Speaker 5: only down ten percent. It could go low like we
Speaker 5: saw it in two thousand and seven when the stock
Speaker 5: market was down five percent. So just because it's down
Speaker 5: ten percent, now you buy the dip. Now what if
Speaker 5: it dips again?
Speaker 3: We've learned that lessons than that.
Speaker 5: You gotta learned from crypto. Also people saying that you
Speaker 5: should sell and make a profit, right, So now that
Speaker 5: you have to be careful with as well, because it's like,
Speaker 5: all right, at what point do you do you decide
Speaker 5: that it's a good point to sell, because if you
Speaker 5: if you've brought a stock at one hundred dollars, right
Speaker 5: and it's now two hundred and it pulled and it
Speaker 5: pulled back from three hundred, then you might say, Okay,
Speaker 5: I double my money, I can sell. That might not
Speaker 5: be a bad idea. But if you brought a stock
Speaker 5: at one hundred dollars and it's now fifty dollars right now,
Speaker 5: you lost fifty percent of your money. So that's totally
Speaker 5: not a good time about You never want to sell
Speaker 5: when the stock market is down, because you only lose
Speaker 5: money in the stock market when you realize it, when
Speaker 5: you actually take the money, until that is just a
Speaker 5: loss on paper.
Speaker 6: Yeah, So I mean it's important to understand that because
Speaker 6: a lot of times people look at the economy to
Speaker 6: look at the stocks and they're like, all right, I'm
Speaker 6: gonna jump in now, or like I'm not invested in
Speaker 6: anything because everything must be down. That's not necessarily true
Speaker 6: as well, Right, we got there are stocks that are
Speaker 6: gaining in this economy even with the coronavirus.
Speaker 5: Yeah, we want to talk about that as well. But
Speaker 5: so once again, it's important to understand history and how
Speaker 5: history plays apart. Right, So if you look at like
Speaker 5: past viruses, this isn't the first virus.
Speaker 3: They said, and this is a good study too. I
Speaker 3: think it was in a business society.
Speaker 6: There was like it seems like every election year over
Speaker 6: the past like twenty years, there's always a virus, right.
Speaker 6: So in two thousand and four there was the stars
Speaker 6: remember that, like the acute respiratory syndrome.
Speaker 3: Then after that we had swine flu, and then after
Speaker 3: that we had the ebolavirus. Then after that we had
Speaker 3: the bola virus.
Speaker 5: Again, troller virus that was in Haiti effected.
Speaker 3: Right right, right right, So like right now, obviously we
Speaker 3: have a reduction.
Speaker 6: Yeah, now we have the coronavirus. So it's like we've
Speaker 6: seen these things before.
Speaker 5: Yeah, so, but but even digging it down even deeper
Speaker 5: than that. So once again, if you study history, you
Speaker 5: can kind of predict what's going to happen in the future. Right,
Speaker 5: So there's a six month pattern with viruses. I don't
Speaker 5: know why six months, but that's the pattern. In twenty ten,
Speaker 5: the choler virus I think the Caribbean I'm pretty sure
Speaker 5: I got said. I hope I'm pronouncing that correctly, but
Speaker 5: it was in Haiti. So the stock market was down
Speaker 5: two percent based off of that outbreak. Six months later,
Speaker 5: it was up thirteen percent. Twenty sixteen, the Zeka virus
Speaker 5: hit and the stock market was down six percent, and
Speaker 5: then six months later it was broke even. And then
Speaker 5: the Bolar virus, the bolar virus was down to seven percent,
Speaker 5: and then six months later it was pretty much even.
Speaker 5: So six months is like the window for these viruses,
Speaker 5: that's what they're saying. Six months the window if you
Speaker 5: look at the past. So if you follow that, in
Speaker 5: six months time, we should recover from this.
Speaker 3: So we about two months in right now.
Speaker 5: Yeah, So I say that to say at some point
Speaker 5: there will be a recovery, when I mean, it's kind
Speaker 5: of we just you have to use educated guesses, right.
Speaker 5: But the thing that like I see people on Instagram like, well,
Speaker 5: this virus is different, this is a It's really not.
Speaker 3: It's very similar to the SARS virus, where it's a
Speaker 3: respiratory virus where if you call for sneeze and your
Speaker 3: cells get in the air and goes to somebody, it's
Speaker 3: like happening a fever.
Speaker 5: I love history, Like history used to be my favorite
Speaker 5: subject in school because, like I said, that's the best
Speaker 5: way to kind of know what's going to happen in
Speaker 5: the future. Even going back to the plague like that
Speaker 5: killed millions, millions millions and ruined the world the economy.
Speaker 5: It's still bounced back like viruses, plagues, diseases. It's been
Speaker 5: going back since the beginning of time, right, and it's
Speaker 5: affected economy since the beginning of time as well. But
Speaker 5: for some reason, people have short term memories and they
Speaker 5: always think, like, what's happening now is the worst thing.
Speaker 3: Ever we live in.
Speaker 6: That that's the environment we live in, right, everything is immediate,
Speaker 6: like what's happening now, that's all.
Speaker 3: We can see.
Speaker 5: H And also we have a situation where we feel
Speaker 5: like everything that's happening to us is more important. So
Speaker 5: it's like, all right, this is happening now. It affected
Speaker 5: me right now, so this is different. No, it's really
Speaker 5: not different. It's just the other things might not have
Speaker 5: affected you because you might have been too young or
Speaker 5: you might not have been aware. But people, for some reason,
Speaker 5: they're like, well this is different. Like, no, it's like
Speaker 5: a hurricane hitting like hurricanes hit for thousands of years.
Speaker 5: It's just like if it affects your home now, it
Speaker 5: feels different. That was like, well this is the worst,
Speaker 5: you know, we gotta pull all my money out so.
Speaker 6: And I mean we have more tools to see it now, right,
Speaker 6: Like there's no escaping it, right, Like I know some
Speaker 6: people watch the news, a lot of people watch social media.
Speaker 6: We can see this. It's on it's on our feeds,
Speaker 6: it's in our timelines. We're seen it, not in the set,
Speaker 6: not oversaturated, but it's over publicized. It's like we can't
Speaker 6: escape it. So it feels like this is the worst
Speaker 6: thing that has ever happened.
Speaker 3: To this world.
Speaker 5: Yeah, and so it's like okay, so it's like what
Speaker 5: do you do? Right, So there's different there's different types
Speaker 5: of investments that people have absolutely, So like we'll go
Speaker 5: by like different ones. Retirement accounts. That's a big one
Speaker 5: and we talked about that before. Like a lot of
Speaker 5: people most people have the majority of their money saved
Speaker 5: and investments simil retirement accounts like a four one k ira.
Speaker 5: So that's going to be affected by the stock market.
Speaker 5: Stock market is theam right, Yeah, But it's important to
Speaker 5: understand retirement accounts for your retirement. It's long term. So
Speaker 5: if you're not planning on retiring anytime soon, just wait
Speaker 5: it out.
Speaker 3: You're not holding onto that like watch every.
Speaker 5: Day taking money out you start panicking, and now you
Speaker 5: lost money at that point in time, not only you
Speaker 5: have to pay taxes and you lost money, and it's
Speaker 5: a whole thing. So retirement accounts, it probably would make
Speaker 5: sense just to kind of wait it out.
Speaker 3: Probably, I mean, if it's for your retirement, most people
Speaker 3: should be waiting.
Speaker 5: Unless you plan on retiring like with next two three years.
Speaker 5: Then you say, okay, I might need to be a
Speaker 5: little bit more conservative because I can't afford to take
Speaker 5: a loss. But it's like just wait it out, like
Speaker 5: just relax right now. Short term investments a little different,
Speaker 5: like I said, I mean, if you just if you
Speaker 5: each individual situation is different, and that's why I hate
Speaker 5: people that give like blanket statement, blanket advice like sell
Speaker 5: all stocks or this is a good time to buy
Speaker 5: it out now by now, Like you can't say that.
Speaker 5: You can't say that. You got to look at individual situation.
Speaker 5: Like I said, if you have a short term portfolio
Speaker 5: and you made money, this might be a good time
Speaker 5: to take some profits, sell and wait it out if
Speaker 5: you haven't made money. I me personally, I'm never gonna
Speaker 5: sell if I do if I don't make money, It's
Speaker 5: like for what I already lost. I'm not trying to
Speaker 5: double my losses by actually selling. I want to just
Speaker 5: wait it out until it gets breaks back.
Speaker 6: In those valuable lessons, right, like the average investor, especially
Speaker 6: like in the beginning, and I could speak for myself,
Speaker 6: it was like the first time in two thousand and seven,
Speaker 6: like I had just found out like what stocks are,
Speaker 6: and I was studying it, and when the market crashed,
Speaker 6: that's the first thing I did. I wasn't educated, right,
Speaker 6: So like the educated investor, yeah, you gonna you're gonna
Speaker 6: know to do that, right. But for the average person
Speaker 6: who was just getting in, that's why this is important,
Speaker 6: Like having this topic and bringing lights to this is like, yo,
Speaker 6: we made the mistakes. Don't make those mistakes, like hold
Speaker 6: it that right, So hopefully you have to go through that.
Speaker 5: Yeah, and it's important too because it's like now you
Speaker 5: have to realize that emotions are like the biggest thing
Speaker 5: when it comes into the stock market. So no matter
Speaker 5: how much education that a person's gets, they still make
Speaker 5: decisions based off of emotions nine times out of ten.
Speaker 5: So there's a reason why like in the stocks you
Speaker 5: always here by low so high, but it is a
Speaker 5: reason why most people by high and so low, because
Speaker 5: what happens is that this is a perfect example of this.
Speaker 5: What happens is that when the stock market is up,
Speaker 5: whether it's bitcoin, any type of investment, real estate, whenever
Speaker 5: it's up, and people feel like it's called fomo faith
Speaker 5: missing out right. When they feel like they're missing out
Speaker 5: on it and they have to get it, that's when
Speaker 5: they want to jump in right. And then what happens
Speaker 5: is like now, when it's starting to crash, and then
Speaker 5: they panic and they think it's going to go down
Speaker 5: to zero and they're gonna lose every single dollar, and
Speaker 5: then they sell and then it comes back.
Speaker 3: So you're literally are telling my story. It's crazy. It
Speaker 3: was like that is the exact emotion.
Speaker 5: I don't understand why people just can't learn from history.
Speaker 5: Like that's why I said, like the history is the
Speaker 5: best teacher. It's not the first time this just happened.
Speaker 5: It's not the first time the market corrected, it's not
Speaker 5: the first virus, it's not the first anything. But every
Speaker 5: time it happens, people make the same mistakes that people
Speaker 5: in the past.
Speaker 3: Me you know what, I think one of the main
Speaker 3: things was it was like not having a lot of capital.
Speaker 6: I didn't have a lot of capitals. With the little
Speaker 6: that I invested, it was like, damn, am I willing
Speaker 6: to lose it all? So at that time it was like, Nah,
Speaker 6: I wasn't really to lose it all. I'm not thinking
Speaker 6: long term. I'm thinking, like, yo, I just put this
Speaker 6: money in just losing money.
Speaker 3: Let me take the.
Speaker 6: Whatever I can get out, not knowing you know what
Speaker 6: I mean. So you just told my whole story, man.
Speaker 5: Yeah, pretty much. But you said, but like you said earlier,
Speaker 5: there are some stocks plays that we're not giving any
Speaker 5: stock advice. Yeah. Yeah, once again, nobody knows what it's
Speaker 5: going to happen, but there's some stocks that people are
Speaker 5: speculating might be able to benefit from this situation.
Speaker 3: Yeah.
Speaker 6: So, like as conditions worsen, right, if they will, like
Speaker 6: you said, if there were only two months into this
Speaker 6: this virus, right, then conditions are probably going to get worse.
Speaker 6: And as expressed about the world, and people are saying,
Speaker 6: like the CDC is saying, like, yo, America, you should
Speaker 6: be ready, prepare now because it could get here right there.
Speaker 3: I think twelve sixty twelve confirmed cases.
Speaker 6: I think sixty four people got tested, so you think
Speaker 6: about that, right, And it was a great article. It
Speaker 6: was like, if people are staying home from work, well,
Speaker 6: what type of stock.
Speaker 3: Would you look at to alleviate that?
Speaker 6: Right, So look at a stock like Zoom or a
Speaker 6: company like Zoom who does telecommunications through the home system.
Speaker 6: Now people actually don't have to leave their home. They're
Speaker 6: safe there, they can communicate more people are going to
Speaker 6: start doing that. That work from home thing is going
Speaker 6: to become huge in the next couple of months. So
Speaker 6: that's like something that to look into. It's like, all right,
Speaker 6: well we can invest in that because we know if
Speaker 6: this worsens, that's going to help that uh, that stock.
Speaker 5: Particularly biotech stocks. Also biotech stocks are down, but speculation
Speaker 5: biotech stocks might increase. Dear, I believe that's I'm per
Speaker 5: saying companies correctly. M O D E r n A
Speaker 5: is a company that is leading towards a vaccine for
Speaker 5: the virus.
Speaker 3: There is always the best part.
Speaker 5: So the stock was actually up last week and then
Speaker 5: it kind of came down a little bit. But yeah,
Speaker 5: if you if you do get research on them, they're
Speaker 5: actually yeah, they're they're leading towards I think they might
Speaker 5: even have a vaccine already, but they're like, very soon
Speaker 5: they're putting out a vaccine for it.
Speaker 6: So if we had a conversation other night with with MG,
Speaker 6: it was just like, Yo, this helps my industry, you
Speaker 6: know what I mean bigger than outside of stocks. Were
Speaker 6: just like, Yo, mortgage races are gonna go down, right
Speaker 6: because people are not buying homes at the same rate.
Speaker 6: They feel like they're gonna hold on to their money.
Speaker 6: So obviously the reaction is mortga race, morgas race goes down.
Speaker 6: So that's another industry where it's like, all right, well,
Speaker 6: somebody's gonna benefit from this outbreak.
Speaker 5: Yeah, you can also make money shortened stocks as well,
Speaker 5: which is highly risky. So we're not telling anybody to
Speaker 5: do that. But but but if you educate yourself and
Speaker 5: you understand how the short stocks, I mean, it's common
Speaker 5: sense to say, okay, what stocks probably would be down
Speaker 5: right in this situation. So consumers, consumer spending stocks are down,
Speaker 5: I mean all stocks down. But that's gonna be something
Speaker 5: that we talked about.
Speaker 3: You mentioned night.
Speaker 6: We mentioned Apple, Yeah, yeah, ex Apple, Travel absolutely travel airlines,
Speaker 6: and they're changing their projections too, because it's like, Yo,
Speaker 6: we projected to do this with twenty twenty.
Speaker 3: They're looking at that first quarter like, yeah, we're not
Speaker 3: gonna make it.
Speaker 6: So everybody has to adjust their figures for the year
Speaker 6: based on the first two months of the year.
Speaker 5: Yup, airlines, hotels, hospitality.
Speaker 6: Yeah, entertainment industry. I know, they were shooting mission impossible
Speaker 6: in Italy. They were like, yo, we got the virus
Speaker 6: got there. So they're like, yo, we got to shut
Speaker 6: down production. Like people don't like you're not thinking of that, right,
Speaker 6: Like China specifically, right the number two entertainment capital of
Speaker 6: the world, really, and when it comes to movies and
Speaker 6: movie going, they've lost huge nobody's going outside.
Speaker 3: They can't make money off the movies anymore.
Speaker 6: Right, they actually were This year was gonna be the
Speaker 6: first year they were projected to pass the United States
Speaker 6: as far as gross income from the entertainment industry.
Speaker 3: There's no way they're gonna make it now. They just
Speaker 3: lost two months of the year, you know what I'm saying.
Speaker 6: So, like when you think about the world that's being
Speaker 6: flat and thinking about how one thing can affect the
Speaker 6: entire world, these are the instants were talking about.
Speaker 5: Yeah, some industries that might potentially once again it's all
Speaker 5: about educated guests, right, Yeah, that could potentially benefit once
Speaker 5: again kind of common sense biotech. Biotech what it stands
Speaker 5: for is biology technology. So yeah, medical fields probably will benefit.
Speaker 3: That makes a lot of sense.
Speaker 5: You're going to have to go to doctor, you have
Speaker 5: to get prescription, medication and virus, all of that stuff.
Speaker 5: So they probably see a spike, and especially, like I said,
Speaker 5: who comes out with the actual cure for this thing,
Speaker 5: because it's gonna come out eventually, have to Yeah, So yeah,
Speaker 5: I mean it's just like I said, but I understand
Speaker 5: when you're shortening the stock We talked about that. We're
Speaker 5: gonna have an episode on shortened stocks too, but it's
Speaker 5: not for somebody that's not experienced. But that's important to understand.
Speaker 5: I wanted to I wanted to prove that point too,
Speaker 5: is that even when it's the stock market is crashing,
Speaker 5: you could potentially still make money in a down market.
Speaker 5: You can make money and up marketing make money down market.
Speaker 5: Somebody's always gonna make money. Somebody's gonna make money for sure. Yeah,
Speaker 5: so yeah, I think it's just important for people to
Speaker 5: understand that. I would recommend just keeping composure, right, understand that, Yeah,
Speaker 5: right now, it's not looking too good and we don't
Speaker 5: know how it's gonna shake out. And I think that
Speaker 5: the broader range of just the economy in general, this
Speaker 5: could be a tipping point for the next recession or
Speaker 5: it could not be. But at some point we know
Speaker 5: we're going to have a recession. It's going to happen.
Speaker 6: The key thing about having and knowing that the recession
Speaker 6: is coming is that just prepare for it, right, Like,
Speaker 6: let's let's get all our eggs in a barrel and
Speaker 6: it's like, yo, listen, we're waiting.
Speaker 3: For it, right.
Speaker 6: Like I had a conversation of a few people, colleagues specifically, like, yo,
Speaker 6: you think it's a good time to refinance. I'm like, well,
Speaker 6: if you think of recessions coming, right, you want to
Speaker 6: have some money just in the event that morgas rates
Speaker 6: go down, housing market changes, you could get some property.
Speaker 3: Yeah, I would do it. Be prepared.
Speaker 6: You don't want to have the recession coming and you
Speaker 6: don't now your value of your home just went down.
Speaker 3: Now you can't refinance, you know what I'm saying. So
Speaker 3: just be prepared.
Speaker 5: Yeah, be prepared, don't have fear, use your brain and
Speaker 5: keep it always good to do that. Keep your composion, man,
Speaker 5: keep your composion, all right. So in the next segment,
Speaker 5: we're going to go over our favorite company that we
Speaker 5: talk about all the time. Amazon. They are changing the game,
Speaker 5: so I'm not going to what they got going on next,
Speaker 5: all right. So in this segment, we're going to talk
Speaker 5: about Amazon.
Speaker 3: Favorite one of our favorite topics.
Speaker 5: At least once a month, bring up Amazon and Jeff Bezos.
Speaker 3: They take a Yeah.
Speaker 5: So the latest, the latest thing that they've done is
Speaker 5: an Amazon ghost store and Seattle, Washington, so they have
Speaker 5: they have Amazon ghost stores and like other places thinking
Speaker 5: the UK, stuff like that, but they're more convenience stores.
Speaker 5: This is the first full fledged grocery store fresh food everything.
Speaker 5: They have fish, produce, fresh groceries, milk, vegetables, anything that
Speaker 5: you will find in the grocery store.
Speaker 3: It's a regular supermarket. You got snacks, everything.
Speaker 5: So what makes this different from other grocery stores is
Speaker 5: that they don't have any cashiers.
Speaker 3: Zero.
Speaker 5: It's cashierless. So usually everybody has gone to a grocery store.
Speaker 5: You buy your groceries and you go and you get
Speaker 5: cashed out even if you don't even if a lot
Speaker 5: of grocery stores now don't have they have cash here,
Speaker 5: then they have to cash self checkout, Yeah, self checkout,
Speaker 5: but you still gotta go. You scan the items and
Speaker 5: then it's like a self checkout thing. But this is different.
Speaker 5: So what happens is that you walk into the store,
Speaker 5: you have to get the Amazon Go app yep, and
Speaker 5: you scan an app in order to have entry to
Speaker 5: the store yep. Then once you do that, it's all
Speaker 5: based off of artificial intelligence scanners, video recorders. I have
Speaker 5: a whole technical they got.
Speaker 3: Like I looked at the video. It's like they have
Speaker 3: like a hundred different.
Speaker 6: Like scanners in the ceiling right, so as you walk
Speaker 6: through the store and it tracks you. Right, So like
Speaker 6: people can literally just walk in, like if I wanted
Speaker 6: to get some bread, Like I can literally just walk
Speaker 6: in and just put it in my bag and the
Speaker 6: scanner would detect it.
Speaker 3: You know what I'm saying. It's different. It's crazy.
Speaker 5: Now there's a whole vibe and yeah, so like you
Speaker 5: take the bread off, you put it in your bag,
Speaker 5: and it says, okay, two dollars gets added. Now if
Speaker 5: you change your mind, you put it back on, then
Speaker 5: it takes the two dollars.
Speaker 3: Everything is getting scanned.
Speaker 5: So yeah, and then so everything is already scanned in
Speaker 5: the app and you just put what you want in
Speaker 5: your bag and then you just leave.
Speaker 3: Yeah, they got a sign.
Speaker 6: It's because it just walk out, Like as you walk
Speaker 6: in the store, it's like, yo, this is like the
Speaker 6: just walk out store. So literally you back up the
Speaker 6: stuff and you walk out and when you get outside
Speaker 6: you get your receipt.
Speaker 3: It's crazy.
Speaker 5: And they said that this this though I just opened
Speaker 5: the Seattle is gonna be like the test run Yeah
Speaker 5: for this model moving forward.
Speaker 6: Yeah, and then you know what it was like, you know,
Speaker 6: people looking at that, like what happens if I pick
Speaker 6: up an apple or something? It was like if I
Speaker 6: pick up an apple, Well, they they've changed.
Speaker 3: The way that they do it. Now they don't charge
Speaker 3: for the weight. They just charged per items.
Speaker 6: So every apple is not saying right where sometimes you
Speaker 6: hit like a watermelon. It's like yo, depending on how
Speaker 6: much it waste, that's how much you pay. Not everything
Speaker 6: the same price.
Speaker 5: And they've actually it's about a YouTubers because they one
Speaker 5: guy tried to trick the system already. Yeah, there's a
Speaker 5: lot of that going on, Like when he changed his
Speaker 5: jacket and he got away with some items, but they
Speaker 5: scanned him for Alvocado that he left. And there's been
Speaker 5: some there's been some some some chinks in the armor
Speaker 5: where like people have been able to actually because that's
Speaker 5: the thing. It's like people like if you.
Speaker 3: Rob them, talk about just walk out, like walking out.
Speaker 5: Yeah, so I mean, but but it's it's not as
Speaker 5: easy as you think.
Speaker 6: I said, you know what, speaking of I actually saw
Speaker 6: somebody had like this glitch where they opened the freezer
Speaker 6: because there's a lot of frozen goods in it. So
Speaker 6: they opened the freezer and if you open the freeze
Speaker 6: at a certain angle, the skinner can't see it. So
Speaker 6: it's like where like now they're actually going to put
Speaker 6: the technology on the freezers, so like you, everything is
Speaker 6: scanned into your item.
Speaker 5: I'm sure they'll be, you know, making changes as they
Speaker 5: go along with it. But the thing that the thing
Speaker 5: that's really interesting is that so now a lot of
Speaker 5: labor unions are complaining and they're taking all the job,
Speaker 5: yeah saying, taking the job. So I didn't even know
Speaker 5: that there was that many cashiers in America. So there's
Speaker 5: three point five million cashiers in America who average around
Speaker 5: ten dollars an hour pay yep. So now it's a
Speaker 5: thing where it's like, okay, if this is the model
Speaker 5: moving forward for grocery stores, that's three million people who
Speaker 5: are at risk of losing your job.
Speaker 6: So, like, I mean, that's that is crazy, right, But
Speaker 6: the onlyest part is that you know, the company that
Speaker 6: hires the most people in the United States, Amazon, So
Speaker 6: it's like it combats itself, like, yeah, we're automating some things,
Speaker 6: but we're also creating jobs at a different rate.
Speaker 5: I think. Also, it's just it's a harsh reality that
Speaker 5: we live in, but people have to be able to
Speaker 5: adapt to what's going on right now, right And it's
Speaker 5: like I remember, like in New York. If you're from
Speaker 5: New York, you know that there's no tolls exactly, but
Speaker 5: those were jobs that people had exactly. You drive and
Speaker 5: people were standing in the toe booth and they break
Speaker 5: change and that was their job.
Speaker 3: It might curse you out, that was their job in tolls.
Speaker 5: But now it's like all of those jobs were lost
Speaker 5: because they realized it's a lot more efficient for cameras
Speaker 5: to take pictures and easy paths and stuff like that.
Speaker 5: That there's no need to a it. It actually slows
Speaker 5: up traffic, right yep. And then b you spending a
Speaker 5: lot of money where you put a camera in place,
Speaker 5: you don't have to pay the camera, it's already done.
Speaker 5: So these are these are this is just more to
Speaker 5: me as far as the wave of what night you
Speaker 5: call the future right now, that technology, you're either on
Speaker 5: the right side of it or the wrong side of it.
Speaker 6: And it's double at sword because if you think about it, right, Amazon,
Speaker 6: what they're doing with the Gold grocery store is like
Speaker 6: they're creating lower prices because they're not paying employees at
Speaker 6: the same rate, Like they have workers in the store,
Speaker 6: but they don't have twenty five cashiers. Well now, now,
Speaker 6: if I don't have twenty five cashiers, I can lower
Speaker 6: the price remount.
Speaker 3: I can lower the price for these goods. Right. So
Speaker 3: now if I have to compete with a grocery store,
Speaker 3: they can't do that.
Speaker 5: Well, that's their scaling. I've been Amazon's model from day
Speaker 5: one is to have lower prices that the competition can't
Speaker 5: really be and more efficient way of actually doing business.
Speaker 5: So this fits right in. The NHS brought whole Foods, so.
Speaker 3: They're interesting and those products in the store.
Speaker 5: Yeah, and so the interesting thing about Amazon is that
Speaker 5: like we're talking about like the death of retail and
Speaker 5: is bricking martyr dead? And a lot of people have
Speaker 5: contributed Amazon to like speeding up the process of like
Speaker 5: killing brick and martar businesses because everybody's shopping online. But
Speaker 5: now this is a play to build out their brick
Speaker 5: and martar business. So Amazon, in my opinion, they're really
Speaker 5: trying to dominate every aspect of your life. Right, So
Speaker 5: it's like eating food is an essential part of life.
Speaker 3: Eight hundred billion dollar industry.
Speaker 5: It's something that you can't get away from it.
Speaker 3: Everybody has to do it.
Speaker 5: So now with the Amazon. Now, the brilliant thing about
Speaker 5: Amazon's that they already have the infrastructure in place to ship.
Speaker 5: So they have these these grocery stores in place, but
Speaker 5: can also be holding units storage units that they ship
Speaker 5: out groceries. So now instead of actually going to the store,
Speaker 5: you can order the groceries and now have it delivered
Speaker 5: to you. So now they're going to get it to
Speaker 5: the point where it's like, Okay.
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Speaker 5: You get food, which everybody has to have food. You
Speaker 5: either you want the in person experience we have in person.
Speaker 5: If not, we already have it set up. It's not
Speaker 5: actually even costing no more money because they already have
Speaker 5: these groceries. I'm just saying, hypothetically speaking, Let's say this
Speaker 5: really expands and they have these grocery stores all over
Speaker 5: America and all these major markets. Now it's going to
Speaker 5: be easy to do same day shipping of groceries because
Speaker 5: the warehouses are they're already there in grocery store.
Speaker 3: And we spoke about that too when we were talking
Speaker 3: about brick and mortar.
Speaker 6: It was like, look, there's a reason why Amazon's buying
Speaker 6: up old moles, right, those are the epicenters of cities.
Speaker 6: They have all the infrastructure there, they have plumbing already there.
Speaker 6: If nobody is going into males and males. Eventually the
Speaker 6: stores you know, can't pay the rants and leases, they'll
Speaker 6: eventually come in by that.
Speaker 3: And now they're at the epicenter of every city. So
Speaker 3: now you have same day shipping.
Speaker 6: Right now, I have the epicenter that becomes a warehouse
Speaker 6: order Amazon same day it gets to you right Like,
Speaker 6: you can't get more efficient.
Speaker 5: Than that, Nah, you really can't. And that's even the play.
Speaker 5: So Amazon and Walmart is been going back.
Speaker 3: On Yeah, they back they're competing, and.
Speaker 5: Walmart is actually making an insurgence and a lot of
Speaker 5: people saying that they're becoming a threat to Amazon. One
Speaker 5: thing that Walmart has over Amazon is that they have
Speaker 5: so many locations. So now they've they've started the same
Speaker 5: day shipping and all of that, and that's what that's
Speaker 5: exactly their play is that they don't have to like
Speaker 5: Amazon is using warehouses where Walmart all of this stuff
Speaker 5: is already there. They already have the infrastructure in place,
Speaker 5: so they're saving money because they're not paying for any warehouses.
Speaker 5: All of the Walmart stuff is held in Walmart factories
Speaker 5: in stores and it's getting shipped out from there. So
Speaker 5: I see this is something that Amazon can potentially take
Speaker 5: from Walmart instead of just keep having these Amazon shipping
Speaker 5: factories where it costs a lot of money to uphold that.
Speaker 5: It's like, Okay, now you have a grocery store. At
Speaker 5: the very least, the money that's coming in from the
Speaker 5: grocery store probably offset the cost of shipping. But we
Speaker 5: all know shipping is Amazon's thing. So now you build
Speaker 5: out that and you get the money from the grocery store,
Speaker 5: but you already have the infrastructure in place to ship
Speaker 5: it out.
Speaker 3: And they got one of the most important things down path,
Speaker 3: the experience, right, Like if you've have a shot that Walmart.
Speaker 6: No disrespect to anybody Walmart, but it's like you waiting
Speaker 6: in line, especially if you got kids. I mean, it's
Speaker 6: an ordeal like going through Walmart with kids and then
Speaker 6: you got to wait in these long lines. And now
Speaker 6: it's like, yo, I can go to the store. Like
Speaker 6: it won't be a thing for parents to say, like
Speaker 6: I'm going to the supermarket because we don't have to
Speaker 6: wait in line, like I'm getting this, I'm getting this,
Speaker 6: and we're out of here, you know.
Speaker 3: What I'm saying. Like that experience just changed everything for everybody.
Speaker 5: It's a game changer. And then also also what's even
Speaker 5: more interesting to me at least, it is like people,
Speaker 5: you always gotta look deeper than what's on the surface,
Speaker 5: like this we're talking about groceries. But I mean, who's
Speaker 5: to say this is an a scalable model for every
Speaker 5: form of retail?
Speaker 3: Right?
Speaker 5: You can just potentially walk into a sneakers store at
Speaker 5: some point and just take sneakers off the rack and leave.
Speaker 3: Yeah, I don't see why it can't be.
Speaker 6: I mean, obviously those companies have to invest the type
Speaker 6: of technology and have the type of capital to do
Speaker 6: it right. Because it takes a lot to put two
Speaker 6: hundred cameras in your ceiling.
Speaker 5: How much time much does it cost to have millions
Speaker 5: of employees?
Speaker 6: I'm sorry, they got a lot of loss too from
Speaker 6: people just stealing stuff out of the store.
Speaker 5: Well they get they getting lost and people stealing with
Speaker 5: employees there.
Speaker 3: Yeah, that's true. That's true.
Speaker 5: So it's like going forward, if like I said, this
Speaker 5: is this is this is a test run to see
Speaker 5: but if this, if this works out, which I actually
Speaker 5: think it's.
Speaker 3: A test, I feel like they already know what they're
Speaker 3: gonna do, you.
Speaker 5: Know what I'm saying. Test as far as if it's
Speaker 5: gonna work, cause you never know if it's gonna work
Speaker 5: or not. But I feel like if this works, which
Speaker 5: I think it probably will work, I don't see why
Speaker 5: other every area of retail won't move towards that. Moving forward,
Speaker 5: It's like it's a lot easier even from the customer standpoint,
Speaker 5: Like I don't want to wait online to bring up
Speaker 5: stuff at H and M or any store. It would
Speaker 5: be much easier if I just walked into Macy's or
Speaker 5: H and M or foot Lock or whatever, got what
Speaker 5: I wanted and walked out.
Speaker 3: Yeah, it changes it. So like now you get foot
Speaker 3: traffic going back into stores.
Speaker 6: I think it helps, right because now you have people
Speaker 6: actually going in where that's a problem right now. People
Speaker 6: don't go in everybody's shops onlinehere. If we know it
Speaker 6: was that easy, yeah, we might think twice, like all right,
Speaker 6: well I'm just going to grab that and I'm coming
Speaker 6: back home.
Speaker 3: It's easy.
Speaker 5: It might be the resurgence of brick and mortar in
Speaker 5: a sense. Yeah, So and then and then we can't
Speaker 5: forget about the whole fools play, and it's either whole
Speaker 5: fool's actually been struggling.
Speaker 3: Well, that's true. That's true.
Speaker 5: So now it's like it's interesting because Amazon buys Whole Foods,
Speaker 5: which is a grocery store, but then they start their
Speaker 5: own grocery store called Amazon Go.
Speaker 6: Yeah, because I mean, well, and that's the part, right,
Speaker 6: because a lot of people don't the people who don't
Speaker 6: shop at Whole Foods.
Speaker 3: The number one thing is the pricing, right.
Speaker 6: It's not cheap to eat healthy, it just isn't, right,
Speaker 6: So like if you're shopping in.
Speaker 3: There, you're going at a different price point.
Speaker 6: Whereas now if I go to Amazon, the Amazon Grocery
Speaker 6: gross store, I could have the whole food products that
Speaker 6: are just kind of pick rate because they don't have
Speaker 6: the employees. Right, if we're not paying this way, we
Speaker 6: can help customers this way.
Speaker 5: No, but yeah, but so you still have Whole Foods though,
Speaker 5: So what are you gonna do with Whole Foods?
Speaker 3: We got to see that'd be interesting.
Speaker 5: Like I mean, like I understand that that perspective, but
Speaker 5: it's interesting to buy a grocery You would think they
Speaker 5: would just expand Whole Foods and just make a cash
Speaker 5: layer list. Hopeful they already have, Like you brought a
Speaker 5: grocery store what's the point of having a different grocery
Speaker 5: store and which is purchased across.
Speaker 3: I mean when they bought it, they were just swallowing
Speaker 3: up the competition, like, how we're.
Speaker 5: Going to compete potentially that's a play because we've seen
Speaker 5: them do that before. Fun of time we talked about
Speaker 5: the diaper absolutely play and that was like I think
Speaker 5: that was episode.
Speaker 3: Four earlier earlier.
Speaker 6: Yeah, they just swallowed up the competition that I was like,
Speaker 6: all right, well we want to compeople won't mind, We're
Speaker 6: gonna take this. And now they're like, all right, well
Speaker 6: we can make this better. But like, yeah, you still
Speaker 6: have that asset that you bought.
Speaker 3: What do you do with it?
Speaker 5: Yeah, And if anybody's not familiar with the diaper thing,
Speaker 5: that's what I'll give like a brief synopsis of it.
Speaker 5: They were in, uh, this diaper company. Amazon wanted to
Speaker 5: get a diaper market, and the diaper company that was
Speaker 5: I think it was like diapers dot com cops dot com.
Speaker 5: So what Amazon did was they ended up lowering the
Speaker 5: price of their diapers much lower than diapers dot Com
Speaker 5: to the point where they was losing money. They was
Speaker 5: losing like one hundred million dollars a month with something
Speaker 5: like that, and they did that. They was bleeding money
Speaker 5: just to kill diapers dot Com, and diapers dot Com
Speaker 5: ended up folding, so they lost a bunch of money
Speaker 5: short term. It's just though they lost money short term
Speaker 5: to win the long term play wanted. So this might
Speaker 5: be the same play with all who knows. But Hopefoods
Speaker 5: is not doing well, and like I said, it's just
Speaker 5: interesting to me that instead of pumping more money into
Speaker 5: Whole Fools, instead of rebranding Whole Foods, they decide to
Speaker 5: go where Amazon go.
Speaker 3: So, like I said, test run, but I think this
Speaker 3: is this is something that's gonna stick.
Speaker 5: Also, so stocks, we talked about stocks on the last
Speaker 5: the last thing, so it's all it's all interchangeable, right,
Speaker 5: So this will be interesting to see how Amazon stock
Speaker 5: will appreciate or depreciate based off of the success of
Speaker 5: Amazon Go.
Speaker 3: We need to depreciate a little bit. I want to
Speaker 3: get we need something.
Speaker 5: Yeah, it's going It's gonna be interesting to see how
Speaker 5: this how this goes moving forward, because like I said,
Speaker 5: I mean Seattle is a is a tech city. It's
Speaker 5: a tech city too. Though Seattle is like one of
Speaker 5: those cities like Austin, Texas, where it's you know, a
Speaker 5: lot of people. I don't you got to see how
Speaker 5: this works in Midwest and down South and things like that.
Speaker 3: I would be interested to see what I mean.
Speaker 6: I feel like that would work great in like major
Speaker 6: metropolitan areas like New York City.
Speaker 3: That would be great because people moving so fast paced.
Speaker 6: It's like we can get it and go, you know,
Speaker 6: like big cities like that I think would be great,
Speaker 6: and they'll be I'm sure they'll be extremely strategic about
Speaker 6: where they place these stores.
Speaker 5: And there's still jobs, like people still work in them,
Speaker 5: of course. Yeah, so you can explain that people that
Speaker 5: still work.
Speaker 6: Yeah, so like there's no cashiers, but there's still people
Speaker 6: that work inside the store. So like if you've ever
Speaker 6: been to a grocery store and like I know, I
Speaker 6: go in there a lot of times, I'm lost.
Speaker 3: I have no idea where anything is.
Speaker 6: So there's people to direct you, to show you where
Speaker 6: things are at to help you with that customer service experience.
Speaker 6: Whereas like if I go to a supermarket right now,
Speaker 6: like I'm in the aisle and it'll be like ten
Speaker 6: minutes before somebody comes, like, yo, you need help.
Speaker 5: No, it's the worst.
Speaker 6: It's like I usually got to go to the deli, like, yo, bro,
Speaker 6: can you tell me where the orange mam a lot is?
Speaker 3: Because I have no idea, you know what I'm saying.
Speaker 6: So like now they have the people in the aisles
Speaker 6: that can actually help you with that experience to get
Speaker 6: you in and out of that supermarket faster.
Speaker 5: And that's something that Apple. Apple mastered that. Because you
Speaker 5: think about it, that's what most like, I hate that,
Speaker 5: whether it's retail stores, grocery stores, whenever I can never
Speaker 5: get help. I go in this store and there's never
Speaker 5: anybody to help me, but there's always a million cashiers.
Speaker 5: Like if you go to home depot, there's like twenty
Speaker 5: seven cash here. You got line and it's like two
Speaker 5: people working the floor. But if you think about it,
Speaker 5: I rather have more people working the floor than the cashiers.
Speaker 3: If you have a question that like, you'll go to
Speaker 3: customer service. That's about aisle thirty.
Speaker 5: No, it takes like if I have a CBS, I gotta
Speaker 5: wait ten minutes for somebody to direct me the way
Speaker 5: I'm going. So Apple's thing is like as soon as
Speaker 5: you walk into Apple, there's like thirty seven people.
Speaker 3: There's more employees.
Speaker 5: Yeah, it's crazy, and they greet you as soon as
Speaker 5: you walk in. So that might be a play too,
Speaker 5: where it's like, okay, we'll shift it. Instead of having
Speaker 5: the money that we're going to pay the cashiers, we'll
Speaker 5: just have more people in the aisles to help customer
Speaker 5: service type thing. And that actually is a way better
Speaker 5: customer experience for me. I'd rather have more people in
Speaker 5: the aisles than.
Speaker 6: I've been like, no joke, ten to fifteen minutes looking
Speaker 6: for something like no clue. I mean, it's a terrible
Speaker 6: feeling and we waste time doing it.
Speaker 5: Yeah, especially if you get a lot of groceries too,
Speaker 5: it's like it's much easier because if you go on
Speaker 5: hundred items, you gotta wait for like thirty minutes for
Speaker 5: them to ring it up.
Speaker 6: That's the words like, Yeah, you get there and it's
Speaker 6: like yo, it's like the ten items the less line,
Speaker 6: and it'll be like fifty people in that.
Speaker 5: I'm like, everybody's trying to get like thirty seven items
Speaker 5: and ten items are less line.
Speaker 6: Yeah, they put their kid with one basket and you
Speaker 6: got one basket with ten It's like yo, stop lady,
Speaker 6: I know y'all on the same family.
Speaker 5: It's a whole nonsense. People fight, people fighting, grocery stores
Speaker 5: for over and over the lines, cutting lines.
Speaker 3: That's a fact.
Speaker 5: No, that's a whole vibe. So now this is actually interesting.
Speaker 6: And as parents too, man like, we ain't got to
Speaker 6: deal with the house with Like, Yo, can I get that?
Speaker 3: Can I get that? Can I get that?
Speaker 6: When you know they put all the candy in the front,
Speaker 6: you're stuck and you can't move, and like, yo, you
Speaker 6: know your kids about to start crying if they don't
Speaker 6: get this candy. Everybody look, it's like yo, man, like,
Speaker 6: we got to really put the Sniggers' bars right here.
Speaker 5: Now this is the way I can see it. I
Speaker 5: can see this is the way. This is. This is crazy.
Speaker 3: Man.
Speaker 5: You walk in the store, get what you want and leave.
Speaker 5: That's it. That's dope. That's dope. Like that, that's I
Speaker 5: think that's gonna be the future. I'm gonna be honest
Speaker 5: with you. In everything, grocery stores, everything, like you just
Speaker 5: walk into the gas station, get the sniggers bar and leave,
Speaker 5: Like imagine that, Like that's gonna be the future. Like
Speaker 5: it's you just get a gatorade and leave.
Speaker 3: That's gonna be fair.
Speaker 6: I mean the AI because then you don't have people
Speaker 6: like yo, if they're watching that, what else are they.
Speaker 5: When they're already watching you? I mean you know that,
Speaker 5: so watching that's a fact. Jeff Bezos is watching watching
Speaker 5: that's a fact. So well, we'll be tracking this h
Speaker 5: see how it goes. Like I said, I think it's
Speaker 5: something that's extremely interesting. And once again Amazon's on the
Speaker 5: hated it, love it, hate them and love them. You
Speaker 5: got to give them respect for being on the cutting
Speaker 5: edge of everything world.
Speaker 6: Yeah, I would say technology, but it's more than it's
Speaker 6: everything the world.
Speaker 5: Man. They really push the envelopes and sometimes they make mistakes.
Speaker 5: But that's what life is about, that's what business is about.
Speaker 5: It's just being trailblazers and taking risks so.
Speaker 3: They can afford it. Yeah, they certainly could afford it.
Speaker 5: All right. Well, there it goes that. We'll see what happens.
Speaker 5: All right. So in this last segment, we're going to
Speaker 5: go to throwback everybody's favorite segment. If you're a loyal listener, yes,
Speaker 5: all of the Day one supporters know what I'm about
Speaker 5: to refer to. If you're new to the program, then
Speaker 5: I'll I'll enlighten you. So storytime was a staple for
Speaker 5: ernial Lesia early beginnings of our podcast journey, where we
Speaker 5: we did like case studies and we extand examine different
Speaker 5: things of like real world uh business breakdowns and stuff
Speaker 5: like that, and we put our spin on it and
Speaker 5: we called the story time. So we're going back to.
Speaker 3: That time again.
Speaker 5: Do it again for sure, boys and girls, ladies and
Speaker 5: gentlemen without further ado, storytime dropping like that. I'm just
Speaker 5: looking at you, all right. So for today's story is
Speaker 5: teachable moment. Yeah, it's actually.
Speaker 3: A little different for us.
Speaker 5: It's pretty sad most of the story times to like upbeat,
Speaker 5: but this is a story and it's definitely a teachable moment. Absolutely,
Speaker 5: it's a story to learn from. But it's not really
Speaker 5: the most I.
Speaker 6: Think most of our stories, there's always like a triumph
Speaker 6: and it's like, oh wow, I can't believe they came
Speaker 6: from those odds to do this, or they use their
Speaker 6: intelligence their network to do that.
Speaker 3: And this one's a little different.
Speaker 5: Yeah, but it's still a story that needs to be
Speaker 5: as we can learn from the mistakes. Yes, So Wallace
Speaker 5: Wally Amos Junior, you know it's crazy. So most people
Speaker 5: if you heard of the cookies famous Amos, that's that's him.
Speaker 5: It's probably known for that, probably know him for that.
Speaker 5: But I didn't actually know. I was doing some research,
Speaker 5: so I know he did that. But what I didn't
Speaker 5: know is that in nineteen sixty two he became the
Speaker 5: first black talent agent with William Morris agent yep. And
Speaker 5: he at Diana Ross and the Supremes, Marvin Gay, Sam Cook.
Speaker 3: Yeah yeah, and he had Simon and yeah.
Speaker 5: Yeah, that was an old town. Yeah, that's pretty extremely
Speaker 5: big think about like Diana Ross, Marvin Gay and Sam Cook.
Speaker 6: Yeah, that's crazy, Like who does that? Who finds that
Speaker 6: type of talent?
Speaker 5: Yeah? So, but he's he was raised in Tallahassee, Florida.
Speaker 5: Shout out to Tallahassee. Tally Hoe is what they call it.
Speaker 5: Fam you Tallahassee Community College, Florida State University. Yep, it's
Speaker 5: a college town. Shout out to Tallahassee. So he's from Tallahassee.
Speaker 5: He's born in nineteen thirty six.
Speaker 3: That was like what he's still living, still living, man,
Speaker 3: still living, still going, shout him.
Speaker 5: You know, come from a Southern background and his aunt
Speaker 5: apparently made homemade.
Speaker 3: Cookies Atla Yeah.
Speaker 5: Yeah, that was famous in the neighborhood and everybody loved it.
Speaker 5: You know, just a traditional type of just in the
Speaker 5: in the kitchen, just making cookies.
Speaker 3: Making chocolate chip cookies.
Speaker 5: That never really left him even though he went to
Speaker 5: you know, pursue a career in you know, managing artists
Speaker 5: and things of that nature. Eventually went to Hollywood, but
Speaker 5: he always had his down South roots of cookie.
Speaker 3: Yeah.
Speaker 6: That actually was what he would give to some of
Speaker 6: his artists. He would present them with cookies. Like so,
Speaker 6: like some of the artists were coming and he had
Speaker 6: like a snack before there was riders and you had
Speaker 6: to have all those things, like, he would bring the
Speaker 6: cookies to them.
Speaker 5: Yeah, and he actually went to culinary school also before
Speaker 5: before he became a talent agent, he went to culinary school,
Speaker 5: Joe so yeah. So so, like you said, he used
Speaker 5: to gift his clients cookies and that kind of branched
Speaker 5: off to people saying like he should probably start his
Speaker 5: own company.
Speaker 6: Yeah, and those same clients who you know that he
Speaker 6: brought the talent from, they became people that like, listen,
Speaker 6: we loved it what you got, We love the product.
Speaker 3: We're gonna help you. We're gonna become investors. Investors, man,
Speaker 3: that's important.
Speaker 5: That's a fact because it started because yeah, he was
Speaker 5: doing William Morris. He tried to branch off and through
Speaker 5: his own thing with that, and that didn't really work out.
Speaker 5: So the relationships that he established and they said that
Speaker 5: they would bankroll him. So it cost twenty five thousand dollars,
Speaker 5: which was a lot of money in nineteen seventy five.
Speaker 5: Like now, man, yeah, you know what I'm saying. Nineteen
Speaker 5: seventy five, that's like a couple hundred thousand, and that's
Speaker 5: where he started his company with.
Speaker 3: Yeah, I think Marvin Gaye was the first guy that's like,
Speaker 3: I'm gonna help this guy.
Speaker 5: Yeah, he started his company with what you called famous
Speaker 5: Amos and first year Bitteres sid three hundred thousand dollars.
Speaker 3: So that's crazy. I read that. I said away that
Speaker 3: three hundred and seventy five. Yeah, he's Mota.
Speaker 5: No, he was, he was. He was good. So he
Speaker 5: hit he hit, He hit it out the park right away,
Speaker 5: and by nineteen eighty two he did twelve million dollars
Speaker 5: in revenue.
Speaker 6: Yeah, so after the first story, he started franchising. He
Speaker 6: was on Sunset Boulevard and Cali Man was doing it big.
Speaker 6: But he started franchising the stores out and generated some
Speaker 6: more income.
Speaker 5: Yeah, so he really became a big name, a household name.
Speaker 5: He you know, he's in the Smithsonian Institute. Yeah, he
Speaker 5: has his hat and his shirt.
Speaker 3: I saw his commercials.
Speaker 5: Man.
Speaker 6: He said, like, he got so good at selling cookies
Speaker 6: because he used to have to pitch talent to record label.
Speaker 5: And he had the relationships and it was a good
Speaker 5: product too. Famous Amos Cookies was legit.
Speaker 3: They're still legit.
Speaker 5: Yeah, what I'm saying. They changed the rescue b So
Speaker 5: in nineteen eighty two, he's twelve million dollars. So, like
Speaker 5: I said, twelve million dollars in the early eighties, probably
Speaker 5: the equivalent of forty million now, like a lot. That's
Speaker 5: a lot of money, right, So he became a household
Speaker 5: name and he starts to you know, buy property and
Speaker 5: he's living our life. Right. So in nineteen eighty five
Speaker 5: that's when things start to kind of fall. Story changes.
Speaker 5: So he still did pretty decent that year, but they
Speaker 5: made ten million instead of twelve million, So now he's
Speaker 5: you know, it's a loss, like first year, he's starting
Speaker 5: to like go backward. He was going up and then
Speaker 5: now he's starting to like go down a little bit, right,
Speaker 5: So he makes some changes. He fires some some managers
Speaker 5: and put some other people in positions. So he said, admittedly,
Speaker 5: like he was never he didn't really understand how to
Speaker 5: run business. He's a talent agent, he's a cook.
Speaker 3: To his own credit, admitted, I don't know how to
Speaker 3: run a business.
Speaker 5: But he didn't have any mentorship and even in his
Speaker 5: people that he's around, an artist and things of that nature,
Speaker 5: he didn't really know what was going on. So it's all.
Speaker 3: Good, May twelve million. I don't know how to run
Speaker 3: a business. That's astonishing.
Speaker 5: Yeah, yeah, it was. And it's crazy too because we
Speaker 5: interview Ryan Leslie and he said that, you know, scaling
Speaker 5: can be like detrimental to you, Like if you're not
Speaker 5: properly prepared and you're growing too fast, that can actually hurt.
Speaker 5: He's actually better to have a smaller audience or to
Speaker 5: grow at a slower pace, but to be able to manage it,
Speaker 5: because like when you can't manage your scale, now you're
Speaker 5: really screwed.
Speaker 6: That's his whole blueprint too, that's Ryan Leslie's blueprint that
Speaker 6: even with the smartphone was like you know, smaller audience payout.
Speaker 5: Yeah, and that's what you said like before, like less's
Speaker 5: less is more sometimes Yeah. So now it starts to
Speaker 5: like just fall apart. He's on vacation and he finds
Speaker 5: out that he has a house in Hawaii. Shot out
Speaker 5: to all the good people he lives in Now hellohallow,
Speaker 5: does he still live there? Yeah, everybody knows I used
Speaker 5: to live in Hawaii. Tell again the whole vibe about there.
Speaker 5: So he finds out that his house is actually being
Speaker 5: auctioned off. Yeah, like that's crazy. That's the crazy news
Speaker 5: to just wake up to, like, oh, by the way,
Speaker 5: they auctioned your house three pm. Like what he didn't
Speaker 5: even know his house was in foreclosure when this happens.
Speaker 3: We're making light of it.
Speaker 5: But it's just crazy. So it's like but then once again,
Speaker 5: that just goes to show you like especially like a
Speaker 5: lot of celebrities and you know, like even with the
Speaker 5: Fat Joe situation, people know like he went to jail
Speaker 5: for tax evasion. He was telling the story he was
Speaker 5: like he had his accountant that was paying all his
Speaker 5: bills for him, and you know, he's being a rapper,
Speaker 5: and he felt like, you know, he's not really paying
Speaker 5: attention to Jones, Like Yeahard bunch of So what happens
Speaker 5: with Fat Joe is at the accountant apparently started like embezzling,
Speaker 5: stealing money, not paying his taxes, not paying his bills.
Speaker 5: He found out because he's like he always had excellent credit.
Speaker 5: He tried to get a car and it was like
Speaker 5: his credit was like four fifty and he's like what
Speaker 5: And then he realized that all of his bills haven't
Speaker 5: been paid for months. And also along with bills there
Speaker 5: his account, his account never paid his taxes. He had
Speaker 5: to do like six months in federal jail. So I say,
Speaker 5: I have to say, this is something that's unfortunate. It's
Speaker 5: been going on for a long period of time when
Speaker 5: people like put trust in other people to take care
Speaker 5: of their finances and they don't know what's going on
Speaker 5: with their own money. And by the time they realized
Speaker 5: it's too late.
Speaker 3: Yeah we see it having too much man, way too much.
Speaker 5: So yeah, so so that was just like when he
Speaker 5: realized like, okay, things is really starting to go down crazy.
Speaker 5: So now he's scrambling and he brings outside investors in
Speaker 5: to help out with this company, because now he's starting
Speaker 5: to lose money. Yeah, so he takes I think like
Speaker 5: three million dollars of investors' money, but that didn't really
Speaker 5: work out, but those alone, so now he has to
Speaker 5: pay that back. But then they left and the company's
Speaker 5: losing even more money. So now it's like spiraling out
Speaker 5: of control at a very rapid pace.
Speaker 3: And what are you going to do when that havings?
Speaker 5: Yeah, So in nineteen eighty eight, he sells the company
Speaker 5: to three million dollars. He sells it for three million dollars,
Speaker 5: and he sells the company in nineteen eighty eight to
Speaker 5: the Shansby Greup I think I'm pronouncing that correctly for
Speaker 5: three million dollars. So the crazy thing about it is
Speaker 5: that now he sells the company for three million and
Speaker 5: they keep them on as a brand ambassador. So he
Speaker 5: makes it deal with them, and he's not allowed to
Speaker 5: use his name anymore.
Speaker 3: Yeah, because part of the sell is the trademark.
Speaker 5: YEP so famous and amos. He can't his name is,
Speaker 5: he can't use his name, can't use it. So he
Speaker 5: built the company from scratch, from nothing, right, built it
Speaker 5: to a multimillion dollar corporation sells it for way less
Speaker 5: than what it was value for just a few years earlier.
Speaker 3: He was hurting.
Speaker 5: Not only do they tell him that you can't use
Speaker 5: your name, but they keep they give him a job
Speaker 5: to be the spokesperson for the company of the name
Speaker 5: that he can't use. Yeah, so he's doing that, which
Speaker 5: it has to be extremely like think about that, like
Speaker 5: think about like you start a company named Troy's Sneakers, right,
Speaker 5: you love sneakers, and you build it to a multi
Speaker 5: million dollar company. Then ten years down the line, you
Speaker 5: got to sell it and they're saying you can't use Troy.
Speaker 5: You can't use sneakers anymore, but we want to pay
Speaker 5: you a salary to go around the country promoting Troy Sneakers.
Speaker 3: Yeah.
Speaker 6: I mean he found out about it when he tried
Speaker 6: to start a new cookie company.
Speaker 5: We're gonna get to that after a while. It's like
Speaker 5: it's not after you eates, I can't do this, and
Speaker 5: he leaves and he's like he tries to start a
Speaker 5: new company, and they.
Speaker 3: Soon they're like, no, you can't use that name.
Speaker 5: For yeah, infringement part. So then he starts the company
Speaker 5: called Uncle No name, No Names going May yeah, which
Speaker 5: is a play on that he has no name. Now,
Speaker 5: it's really unfortunate, it's really really tragic, tragic, it's really
Speaker 5: tragic situation all the way around. Man. That so, yeah,
Speaker 5: so Uncle No Name he starts that brand. But so
Speaker 5: the crazy thing about it is that as he's doing
Speaker 5: the Uncle No Name, the company gets sold.
Speaker 3: This is the worst part again, yeah, it's the worst part.
Speaker 3: So this is the worst part of the story.
Speaker 5: So now, because he even said like he had depression
Speaker 5: for a little bit, he stopped baking at all for
Speaker 5: like three years because Uncle No Name didn't work out.
Speaker 3: Really, I think they started making muffins. He went away
Speaker 3: from cookies, so.
Speaker 5: He stopped baking. He cut his beard off. His whole
Speaker 5: thing with trademark was his beard in the hat. He
Speaker 5: stopped wearing a hat, cut his beard off. He even
Speaker 5: want people to recognize him in the street. It's like,
Speaker 5: I don't want people. I don't want to It's so
Speaker 5: I don't want them to see like this depressing, you
Speaker 5: know what I'm saying. So but as all of that's
Speaker 5: going on, Shansby the company that he sold to for
Speaker 5: three million in nineteen ninety two, they sold it a
Speaker 5: company four we might have heard of. Yeah, sixty one million.
Speaker 3: Yeah Kell to Keller, Yeah, big, big, big breakfast company. Man.
Speaker 5: So yeah, they sell it, he sells it. They sell
Speaker 5: it for sixty one million in nineteen ninety two, and
Speaker 5: then it gets sold again in nineteen ninety eight to Keepler.
Speaker 3: Crazy, that's what the elf cookies at.
Speaker 5: Yeah. So then so then they so. Then in nineteen
Speaker 5: ninety eight, Keepler decides to bring him back as a
Speaker 5: brand ambassador. I think it done, got flipped five cops
Speaker 5: ready the flip his own times.
Speaker 6: You know what they did? You know he said when
Speaker 6: he came back and hurt his heart. I mean he
Speaker 6: had he tried the cookies, but they changed his recipe
Speaker 6: and all. Now they changed the rest respect like everything.
Speaker 6: Oh man, they let so. But but at least he
Speaker 6: was able to work a deal out where he made
Speaker 6: a deal with Keebler for Uncle Waly's muffins.
Speaker 3: Yeah.
Speaker 5: So they let him have a I guess like a
Speaker 5: subsidiary company within the company of that nature. And now
Speaker 5: he gives he gives some speeches. He's still a lot.
Speaker 3: Yeah, he's still a lot.
Speaker 6: He's still out and I think he lives in where
Speaker 6: he was living in Hawaii, and now I think he's
Speaker 6: back in South Carolina. He's back south, but he's he's
Speaker 6: still making cookies. He's still making cookies. I think the
Speaker 6: original idea came from his aunt Della, and so that's what.
Speaker 3: He's going back to.
Speaker 6: His new company is ant Della's Cookies because he can't
Speaker 6: use famous amis.
Speaker 5: So I mean moral of this story. There's so many
Speaker 5: different morals of his story points and learning points. It's
Speaker 5: just like where do you begin? But I think the
Speaker 5: first one is business. Everything is a business. Like a
Speaker 5: lot of times people look at it like I'm a
Speaker 5: good chef. Well, I'm a recording artist. How many times
Speaker 5: is like that's not good enough. You gotta be able
Speaker 5: to understand that no matter what you're doing, it's a
Speaker 5: business behind it.
Speaker 3: Yeah, I mean, just think about it. If he had
Speaker 3: licensed his name instead of selling it in that.
Speaker 5: Deal, you could have done that, you know what I mean, Like.
Speaker 6: His fortune, his fortune would have been a lot different, right,
Speaker 6: you know what I'm saying, Like you he's done now
Speaker 6: he can't here's his own name.
Speaker 5: Nah, you can't. And it's like mismanagement is a lot
Speaker 5: of and it's a lot of people say a lot
Speaker 5: of time like ignorant and bliss. It's really not. It's
Speaker 5: extremely dangerous, especially when it comes to business. And like
Speaker 5: we did an episode on trademarks and licensing and and
Speaker 5: the legal side of it is extremely important as well, right,
Speaker 5: Like the people understand that, Like you got to understand
Speaker 5: the legal start or have a lawyer at least to
Speaker 5: help you. And it's important to people get taken advantage of.
Speaker 3: You think he would have.
Speaker 6: I mean if he sold it for three million, right, Like,
Speaker 6: what did he get the proper valuation?
Speaker 3: Even though what evaluation was at that point.
Speaker 5: He probably just needed money.
Speaker 3: I just need some money. I'm gonna sell it.
Speaker 5: Like you saw it three million. Then ten years later
Speaker 5: they gets sold for sixty one million and you can't
Speaker 5: even use your name.
Speaker 3: Nah, man, it's crazy.
Speaker 5: Yeah, it's like I said, man, it's a tragic, sad
Speaker 5: learning experience. But nonetheless it's still a learning experience. And
Speaker 5: I think entrepreneurs, business people, inspiring entrepreneurs, aspiring business people
Speaker 5: can learn from You gotta learn from other people's mistakes.
Speaker 6: Yeah, I mean, and he still has his health at
Speaker 6: the end of the day, he's still alive and breathing
Speaker 6: to tell the lesson.
Speaker 3: So I mean, at the end of the day, somebody
Speaker 3: gonna learn from his mistakes.
Speaker 5: Yeah, I mean, that's the worst thing in the world.
Speaker 5: If somebody take your name, you can't use it like that's.
Speaker 3: Like yeah, I mean, like you said, it broke his heart.
Speaker 6: He takes the cookies, He's like, yeah, they change the recipe,
Speaker 6: nothing is the same, but his name lives on. Like
Speaker 6: that's those are like we talked about the Vendom Machine episode,
Speaker 6: Like those are still in venting machines right now today.
Speaker 3: Somebody's in famous, same as Cookie.
Speaker 5: But there's a lot of people like that where it's
Speaker 5: like the name, you think these people own it, but
Speaker 5: they really don't.
Speaker 3: We talked about that, Yeah, Virgil, Donna Karen, Yeah.
Speaker 5: He's Donna Karen, perfect example. So it's a lot of
Speaker 5: these situations where it's like your name is attached to
Speaker 5: something that you don't even have any control over.
Speaker 6: What was us four hundred pion she sold it now
Speaker 6: it's worth like three billion, and then they put in
Speaker 6: any typisode that they want and downplay it kills the
Speaker 6: name because it's like now the branded name business shrug.
Speaker 5: Yeah, yeah, something to think about. Yeah, man, something to
Speaker 5: think about. So your status storytell nostalgic episode. Uh so
Speaker 5: once again, thank you guys for rocking with us. But
Speaker 5: before we go, once again, we got drilled down on Philadelphia. Yeah,
Speaker 5: it's going to be crazy live podcast, networking events workshop,
Speaker 5: two days, situation, don't wait, don't.
Speaker 3: Hesitate, open barcaded.
Speaker 5: Yes, get your tickets eyl experience dot com. Like I said,
Speaker 5: it's about ten days out by the times episode comes
Speaker 5: out yep, so we're looking forward to it. And yeah,
Speaker 5: you got housekeeping items.
Speaker 3: Yeah. Man. Shout to everybody on Patreon. I know people
Speaker 3: be like, y oh, man, I get my shot yet yo.
Speaker 6: Shout out to James keiloh c Marie Tanico in Jessica.
Speaker 3: We had an amazing conversation with Jessica. Shout out to her.
Speaker 6: Hopefully she'll it'll lead to some some future business endeavors
Speaker 6: that we do with her. Like people know that we
Speaker 6: connected with bredon Mitchell thro Patreon and now he's a
Speaker 6: business partner us. So shout everybody that's using brand resumes
Speaker 6: that amazing service that they have.
Speaker 3: And man, we had a group of conversations.
Speaker 6: He brought his brother in the conversation, So shout out
Speaker 6: to him out in Texas.
Speaker 3: Man.
Speaker 6: Everybody that's on Patreon, obviously you know that there's different tiers,
Speaker 6: and obviously we've out added some more things for you
Speaker 6: just because we think y'all need it more. So shout
Speaker 6: everybody that's there and that's supporting through that and everybody
Speaker 6: that's supporting our merch. We got our tracksuits when everybody
Speaker 6: was like, yo, man, we gotta put the track suits
Speaker 6: on the site so they there, so make sure to
Speaker 6: purchase that and we look forward to seeing everybody in Philadelphia.
Speaker 5: The traction vibe shout beyond winning. Kept asking me you
Speaker 5: know they were I got one form. I got one
Speaker 5: form just off the strength. But yes, shout out to
Speaker 5: our Cleveland family. A lot of people's actions about the
Speaker 5: tracksuits Eyo University track Suits is on our site. E
Speaker 5: y l earn your leisure dot com. All of the
Speaker 5: information for everything that we do is on early Leasure
Speaker 5: dot com. But happy birthday to you as well. By
Speaker 5: the timas episode comes out.
Speaker 3: Most of y'all know that this this guy had as brothers.
Speaker 5: Man, Yeah, I think this will come out one day
Speaker 5: before your birthday.
Speaker 3: Appreciate that.
Speaker 5: Also e y L University with something that you know,
Speaker 5: we pushed. We just had a class actually yesterday about Nika.
Speaker 5: It was like a free class and help people out
Speaker 5: and guide them on different ways to purchase property without
Speaker 5: putting any down payment. And like we do like the
Speaker 5: free class like once a once a month, so we a.
Speaker 3: Lot of people get to get engaged, to get to
Speaker 3: ask questions.
Speaker 5: That's like a preview of like what to expect.
Speaker 3: I'm in there.
Speaker 6: I'm always in there, so like people like they'll see
Speaker 6: that we we we're in those classes too because were
Speaker 6: trying to learn too.
Speaker 5: Yeah for sure. And U YouTube. Every day we drop
Speaker 5: content on YouTube. That's something so a lot of people
Speaker 5: listen to us on audio and that's way we appreciate that.
Speaker 5: But if you want the visual experience, or if you
Speaker 5: want like we take clips from different shows and we
Speaker 5: put it on YouTube.
Speaker 6: Shout shout out to everybody that tuned into the Al
Speaker 6: Harrington clip.
Speaker 3: Thought that was dope with the future.
Speaker 5: People know we interviewed out it's crazy like he needs
Speaker 5: a whole hour. I'm like, okay, episode. But that's a
Speaker 5: good thing about the YouTube is like we do an
Speaker 5: episode and you might be new to earn your leision.
Speaker 5: It might have been done five months ago, but we
Speaker 5: can drop a clip today and it's like, oh okay,
Speaker 5: and then you might go back and look at the
Speaker 5: whole episode. So yeah, YouTube is a whole visual experience
Speaker 5: and we drop a lot of content on there, and
Speaker 5: then in Patreon, we're gonna be doing some more.
Speaker 3: Patreon don't have exclusive episodes.
Speaker 5: Yeah, Patreon's gonna have exclusive episodes and transcript situation.
Speaker 6: Transcript Joints is going to be launched. Yeah, and shout
Speaker 6: out to Shamida. Yeah, she's a part of the team.
Speaker 6: She's doing the transcript. So like a lot of people
Speaker 6: listen to us through audio while driving that at work
Speaker 6: and they never get to write down notes.
Speaker 3: They want to, but they can't. So we're gonna help
Speaker 3: you all out.
Speaker 6: We're gonna transcribe some of our best segments so that
Speaker 6: you don't have to take notes anymore.
Speaker 3: They're gonna be there for you.
Speaker 5: Yeah, and thank you guys for rocking what else? So
Speaker 5: you appreciate you? Peace, Peace.
Speaker 2: Coach.
Speaker 1: The energy out there felt different. What changed for the
Speaker 1: team today?
Speaker 2: It was the new game day scratches from the California Lottery.
Speaker 3: Play is everything.
Speaker 2: Those games sent the team's energy through the roof.
Speaker 1: Are you saying it was the off field play that
Speaker 1: made the difference on the field.
Speaker 2: Hey, little play makes your day, and today it made
Speaker 2: the game. That's all for now, Coach. One more question.
Speaker 4: Play the new Los Angeles Chargers, San Francisco forty nine
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Speaker 4: It must be eighteen years or older to purchase play
Speaker 4: or claim