1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:23,320 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 7 00:00:23,320 --> 00:00:28,120 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 8 00:00:28,160 --> 00:00:31,680 Speaker 1: crossings are at the lowest levels ever recorded, and over 9 00:00:31,760 --> 00:00:34,960 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 10 00:00:35,040 --> 00:00:38,920 Speaker 1: are here illegally, your next you will be fined nearly 11 00:00:39,000 --> 00:00:43,000 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 12 00:00:43,040 --> 00:00:46,680 Speaker 1: never return. But if you register using our CBP home 13 00:00:46,720 --> 00:00:50,120 Speaker 1: app and leave now, you could be allowed to return legally. 14 00:00:50,479 --> 00:00:55,240 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 15 00:00:55,400 --> 00:00:57,840 Speaker 1: border and families will be protected. 16 00:00:57,920 --> 00:01:00,000 Speaker 2: Sponsored by the United States Department of Homeland Security. 17 00:01:00,080 --> 00:01:04,160 Speaker 3: Freddie Carr delinkalis are at a record high amongst small banks. 18 00:01:05,000 --> 00:01:09,240 Speaker 3: Could this be the catalyst for the final round of 19 00:01:09,280 --> 00:01:14,600 Speaker 3: consolidation in small and regional banks. 20 00:01:16,440 --> 00:01:17,039 Speaker 4: I believe so. 21 00:01:17,160 --> 00:01:19,760 Speaker 5: Like if the rate goes up to maybe nine percent 22 00:01:20,760 --> 00:01:24,559 Speaker 5: or maybe ten percent. Because of course it's fine right now, 23 00:01:24,800 --> 00:01:26,480 Speaker 5: and of course I know a lot of people want 24 00:01:26,480 --> 00:01:30,240 Speaker 5: to be flipping about it's GDP that the income ratio 25 00:01:30,640 --> 00:01:34,120 Speaker 5: credit cards are being high, But very rarely when we 26 00:01:34,160 --> 00:01:37,200 Speaker 5: talk to people do I feel even people that I 27 00:01:37,240 --> 00:01:40,160 Speaker 5: know that are rich are feeling a crunch because either 28 00:01:40,160 --> 00:01:42,559 Speaker 5: they're having to take care of more people, they're having 29 00:01:42,600 --> 00:01:45,319 Speaker 5: more expenses and trying to grow to business or sustain 30 00:01:45,440 --> 00:01:51,120 Speaker 5: throughout this period. And I'm seeing a slow collapse of 31 00:01:51,520 --> 00:01:54,520 Speaker 5: the regional banks. Small banks I feel bad for. But 32 00:01:54,600 --> 00:01:56,840 Speaker 5: this is a classic example of the big banks and 33 00:01:56,880 --> 00:01:59,240 Speaker 5: too big to field banks are going to get bigger. 34 00:02:00,160 --> 00:02:02,600 Speaker 5: I feel like Chase is going to be the biggest 35 00:02:02,640 --> 00:02:08,120 Speaker 5: benefactor YEP. As a result, Bank of America they need 36 00:02:08,160 --> 00:02:11,920 Speaker 5: to get their things together or in the next cycle 37 00:02:12,000 --> 00:02:14,640 Speaker 5: in twenty thirty four, they may have a chance of 38 00:02:14,639 --> 00:02:17,320 Speaker 5: going under. I like Brian moren in hand as the CEO, 39 00:02:17,400 --> 00:02:19,560 Speaker 5: but the culture at Bank of America isn't as strong 40 00:02:19,600 --> 00:02:23,080 Speaker 5: as it used to be, especially pre two thousand and eight. 41 00:02:25,080 --> 00:02:26,560 Speaker 5: But just like we saw a whole bunch of banks 42 00:02:26,600 --> 00:02:28,239 Speaker 5: in two thousand and seven, in two thousand and eight 43 00:02:28,880 --> 00:02:30,760 Speaker 5: either get bought or go under. I think we're going 44 00:02:30,800 --> 00:02:34,480 Speaker 5: to see a consolidation in the banking space. And if 45 00:02:34,800 --> 00:02:39,400 Speaker 5: we continue to have record interest rates and people are 46 00:02:39,440 --> 00:02:41,640 Speaker 5: struggling to pay their credit card debts and balances are 47 00:02:41,680 --> 00:02:43,320 Speaker 5: remaining higher, yeah, I think we're going. 48 00:02:43,240 --> 00:02:44,400 Speaker 4: To see some of these get brought up. 49 00:02:44,680 --> 00:02:47,359 Speaker 6: Yeah, you're talking about Lendon Tree put out a report. 50 00:02:47,360 --> 00:02:49,919 Speaker 6: They said that the average US credit card interest rate 51 00:02:50,000 --> 00:02:51,959 Speaker 6: is twenty four point three percent. 52 00:02:52,040 --> 00:02:55,320 Speaker 4: That is insane, almost twenty five average. 53 00:02:55,400 --> 00:02:58,040 Speaker 6: So you know there's a bunch of people that's twenty 54 00:02:59,400 --> 00:03:03,160 Speaker 6: thirty five loan shark, right, So that's that's from a 55 00:03:03,160 --> 00:03:05,680 Speaker 6: credit card. But that's the first delinquacy we need to 56 00:03:05,680 --> 00:03:08,280 Speaker 6: look at. The second delinquacy we need to look at 57 00:03:08,560 --> 00:03:15,800 Speaker 6: is the student loan delinqualcy. That's about because effective this month, 58 00:03:16,200 --> 00:03:19,800 Speaker 6: repayment is back in order and so yeah, well it'll 59 00:03:19,800 --> 00:03:21,600 Speaker 6: take a couple of months to see who can pay 60 00:03:21,600 --> 00:03:23,320 Speaker 6: and who's not going to pay and for it to 61 00:03:23,360 --> 00:03:23,880 Speaker 6: be reported. 62 00:03:23,919 --> 00:03:27,440 Speaker 4: But that's a delinqualcy. We need to look at car loans. 63 00:03:28,440 --> 00:03:31,600 Speaker 6: Those delinquency numbers are going up, and so if we're 64 00:03:31,639 --> 00:03:34,080 Speaker 6: watching all these things go up and we have to 65 00:03:34,080 --> 00:03:35,880 Speaker 6: take account who is the who are the people that 66 00:03:35,920 --> 00:03:39,560 Speaker 6: are loaning, putting creating the loans, and how if people 67 00:03:39,600 --> 00:03:40,920 Speaker 6: are not going to be able to pay on what 68 00:03:40,960 --> 00:03:41,920 Speaker 6: do those banks now do? 69 00:03:42,840 --> 00:03:46,360 Speaker 5: Are there any cars that are new available under thirty 70 00:03:46,360 --> 00:03:47,560 Speaker 5: five thousand dollars? 71 00:03:49,320 --> 00:03:51,880 Speaker 4: The key is I'm seeing fifty two thousand. Yeah, I 72 00:03:51,960 --> 00:03:52,960 Speaker 4: think I've just read a report. 73 00:03:52,960 --> 00:03:56,240 Speaker 6: I think the cheapest model for a new car it 74 00:03:56,320 --> 00:03:58,680 Speaker 6: might be twenty four thousand. 75 00:04:00,720 --> 00:04:01,320 Speaker 4: Who was it? 76 00:04:01,720 --> 00:04:05,600 Speaker 6: I think it was Toyota? What's under the Corolla? The 77 00:04:05,680 --> 00:04:06,440 Speaker 6: smallest thing got? 78 00:04:06,600 --> 00:04:08,200 Speaker 4: Yeah? 79 00:04:08,320 --> 00:04:11,080 Speaker 6: It might have been that. It might have been that. Yeah, 80 00:04:11,080 --> 00:04:14,520 Speaker 6: but erness what's up? You ever walk into a small 81 00:04:14,560 --> 00:04:17,960 Speaker 6: business and everything just works like? The checkout is fast, 82 00:04:18,000 --> 00:04:21,800 Speaker 6: the receipts are digital, tipping is a breeze, and you're 83 00:04:21,839 --> 00:04:24,560 Speaker 6: out the door before the line even builds odds? Are 84 00:04:25,040 --> 00:04:28,599 Speaker 6: they're using Square? We love supporting businesses that run on 85 00:04:28,640 --> 00:04:31,359 Speaker 6: Square because it just feels seamless. Whether it's a local 86 00:04:31,400 --> 00:04:34,280 Speaker 6: coffee shop, a vendor at a pop up market, or 87 00:04:34,320 --> 00:04:34,960 Speaker 6: even one. 88 00:04:34,839 --> 00:04:35,960 Speaker 4: Of our merch partners. 89 00:04:36,200 --> 00:04:39,960 Speaker 6: Square makes it easy for them to take payments, manage inventory, 90 00:04:40,080 --> 00:04:44,040 Speaker 6: and run their business with confidence, all from one simple system. 91 00:04:44,440 --> 00:04:47,040 Speaker 6: If you're a business owner or even just thinking about 92 00:04:47,080 --> 00:04:48,080 Speaker 6: launching something soon. 93 00:04:48,440 --> 00:04:49,919 Speaker 4: Square is hands. 94 00:04:49,640 --> 00:04:51,560 Speaker 6: Down one of the best tools out there to help 95 00:04:51,640 --> 00:04:55,320 Speaker 6: you start, run, and grow. It's not just about payments, 96 00:04:55,720 --> 00:04:58,360 Speaker 6: it's about giving you time back so you can focus 97 00:04:58,400 --> 00:05:01,760 Speaker 6: on what matters most. To see how Square can transform 98 00:05:01,800 --> 00:05:06,680 Speaker 6: your business, visit Square dot com backslash, go backslash eyl 99 00:05:06,920 --> 00:05:11,880 Speaker 6: to learn more that Square dot com backslash, go backslash eyl. 100 00:05:12,040 --> 00:05:15,280 Speaker 6: Don't wait, don't hesitate. Let's Square handle the back end 101 00:05:15,480 --> 00:05:21,719 Speaker 6: so you can keep pushing your vision forward. This episode 102 00:05:21,760 --> 00:05:23,719 Speaker 6: is brought to you by P and C Bank. A 103 00:05:23,760 --> 00:05:26,719 Speaker 6: lot of people think podcasts about work are boring, and 104 00:05:26,880 --> 00:05:30,960 Speaker 6: sure they definitely can be, but understanding of professional's routine 105 00:05:31,000 --> 00:05:33,800 Speaker 6: shows us how they achieve their success little by little, 106 00:05:34,200 --> 00:05:37,840 Speaker 6: day after day. It's like banking with P and C Bank. 107 00:05:38,279 --> 00:05:41,120 Speaker 6: It might seem boring to save, plan and make calculated 108 00:05:41,120 --> 00:05:44,240 Speaker 6: decisions with your bank, but keeping your money boring is 109 00:05:44,240 --> 00:05:47,600 Speaker 6: what helps you live or more happily fulfilled life. P 110 00:05:47,680 --> 00:05:52,520 Speaker 6: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 111 00:05:52,560 --> 00:05:55,200 Speaker 6: Boring since eighteen sixty five is a service mark of 112 00:05:55,240 --> 00:05:58,479 Speaker 6: the PNC Financial Service Group, Inc. P and C Bank 113 00:05:58,920 --> 00:06:03,120 Speaker 6: National Association member FDIC, an. 114 00:06:03,040 --> 00:06:07,560 Speaker 1: Illegal alien from Guatemala charged with raping a child in Massachusetts. 115 00:06:07,880 --> 00:06:11,279 Speaker 1: An MS thirteen gang member from Al Salvador accused of 116 00:06:11,400 --> 00:06:15,400 Speaker 1: murdering a Texas man of Venezuelan charged with filming and 117 00:06:15,480 --> 00:06:19,320 Speaker 1: selling child pornography in Michigan. These are just some of 118 00:06:19,360 --> 00:06:23,039 Speaker 1: the heinous migrant criminals caught because of President Donald J. 119 00:06:23,120 --> 00:06:26,919 Speaker 1: Trump's leadership. I'm Christy nom the United States Secretary of 120 00:06:26,960 --> 00:06:31,760 Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are 121 00:06:31,800 --> 00:06:35,159 Speaker 1: at the lowest levels ever recorded, and over one hundred 122 00:06:35,200 --> 00:06:39,080 Speaker 1: thousand illegal aliens have been arrested. If you are here illegally, 123 00:06:39,600 --> 00:06:42,880 Speaker 1: your next you will be fine nearly one thousand dollars 124 00:06:42,960 --> 00:06:47,080 Speaker 1: a day, imprisoned and deported, you will never return. But 125 00:06:47,160 --> 00:06:50,719 Speaker 1: if you register using our CBP home app and leave now, 126 00:06:51,080 --> 00:06:54,200 Speaker 1: you could be allowed to return legally. Do what's right. 127 00:06:54,760 --> 00:06:59,680 Speaker 1: Leave now. Under President Trump, America's laws, border and families 128 00:07:00,160 --> 00:07:00,719 Speaker 1: be protected. 129 00:07:00,839 --> 00:07:03,760 Speaker 2: Sponsored by the United States Department of Homeland Security. Just 130 00:07:03,800 --> 00:07:04,360 Speaker 2: think about that. 131 00:07:10,520 --> 00:07:11,160 Speaker 4: No, no, no, no. 132 00:07:11,160 --> 00:07:14,920 Speaker 6: This is anybody that has these vehicles, but it's becoming 133 00:07:14,920 --> 00:07:17,200 Speaker 6: more expensive to have them. You have student loan debt, 134 00:07:17,240 --> 00:07:20,560 Speaker 6: you got a credit card debt. Wages are not increasing 135 00:07:20,920 --> 00:07:24,800 Speaker 6: at all, right, interest rates are about to be raised again. 136 00:07:26,200 --> 00:07:28,480 Speaker 4: It's a recipe, and they are a lot about these jobs. 137 00:07:28,480 --> 00:07:29,240 Speaker 4: Can we be honest? 138 00:07:30,880 --> 00:07:34,560 Speaker 5: You're getting four hours at shakeshack is not like boosting 139 00:07:34,600 --> 00:07:35,120 Speaker 5: the economy. 140 00:07:35,160 --> 00:07:41,120 Speaker 4: They're lying. They're lying like same way with the music industry. 141 00:07:41,200 --> 00:07:44,360 Speaker 5: At one point of artists, a flop was one twenty 142 00:07:44,600 --> 00:07:46,360 Speaker 5: Burner Boy is sold twenty one thousand. 143 00:07:46,560 --> 00:07:52,040 Speaker 4: Are you lying now or then? Some impossible? How was. 144 00:07:54,120 --> 00:07:56,520 Speaker 5: Smith and Wesson able to do one hundred and fifteen 145 00:07:56,560 --> 00:07:59,920 Speaker 5: first week and now Burner Boil only do twenty one thousand. 146 00:08:00,040 --> 00:08:02,200 Speaker 4: There's a lot somewhere. The numbers are not adding up. 147 00:08:02,440 --> 00:08:06,040 Speaker 5: And when you factor in interest rates, with everything adjusting, 148 00:08:07,400 --> 00:08:10,520 Speaker 5: our payments are going to be higher than what we 149 00:08:10,680 --> 00:08:15,480 Speaker 5: pay for defense and military. And we spent too much 150 00:08:15,520 --> 00:08:18,760 Speaker 5: on the y'all want to talk about grift? 151 00:08:19,040 --> 00:08:21,400 Speaker 4: Who the fifteen graft hit different? 152 00:08:21,400 --> 00:08:23,240 Speaker 5: I got to the level I'm trying to learn how 153 00:08:23,280 --> 00:08:24,160 Speaker 5: to sell the fighter jet. 154 00:08:25,000 --> 00:08:27,480 Speaker 4: Biden with everything I said before was just jokes. 155 00:08:27,720 --> 00:08:29,880 Speaker 5: I hope everything goes wealthy and your son teach me 156 00:08:29,920 --> 00:08:31,640 Speaker 5: how to sell some fighter jets, so we get that's 157 00:08:31,680 --> 00:08:36,960 Speaker 5: the real bag getting twenty thirty million a pop perdu Sol. 158 00:08:37,000 --> 00:08:43,480 Speaker 5: The airport, you Jeri, Now we won't be interviewing them 159 00:08:43,480 --> 00:08:46,040 Speaker 5: for all of you haters, but. 160 00:08:46,000 --> 00:08:49,360 Speaker 4: It was album he sold the airport. 161 00:08:50,760 --> 00:08:56,720 Speaker 7: Airport a fantastic boy if it was like some crazy 162 00:08:56,840 --> 00:09:02,480 Speaker 7: number to six hundred, crap biggest, ten biggest, So the airport. 163 00:09:02,800 --> 00:09:05,480 Speaker 4: Hey, hey, it's tough. 164 00:09:06,080 --> 00:09:08,800 Speaker 5: But as Rashad would say, I say that to say 165 00:09:09,360 --> 00:09:11,400 Speaker 5: we need to fix our economy so that we can 166 00:09:11,480 --> 00:09:14,920 Speaker 5: all do better and prosper Also, we have macro down periods. 167 00:09:15,000 --> 00:09:17,840 Speaker 5: I mentioned vendor cycle before when we went to Breakast 168 00:09:17,840 --> 00:09:19,520 Speaker 5: Club the first time. I'm like, yo, twenty four coming 169 00:09:20,240 --> 00:09:21,160 Speaker 5: we hit a recession. 170 00:09:22,160 --> 00:09:23,959 Speaker 4: Charlie is like you sure. Troy's like. 171 00:09:25,440 --> 00:09:28,120 Speaker 5: Gets throwing off the numbers, and here we are boxteen 172 00:09:28,200 --> 00:09:32,080 Speaker 5: twenty four, all hell on earth as COVID is spiking 173 00:09:32,160 --> 00:09:32,480 Speaker 5: back up. 174 00:09:32,520 --> 00:09:33,080 Speaker 4: So then if. 175 00:09:33,000 --> 00:09:35,679 Speaker 5: COVID spikes back up, the farmer companies are going to 176 00:09:35,760 --> 00:09:38,280 Speaker 5: do well, but we're gonna have to probably sit back 177 00:09:38,280 --> 00:09:38,800 Speaker 5: in the house. 178 00:09:39,679 --> 00:09:44,160 Speaker 4: And while all traveling tourism is down at scale. 179 00:09:44,400 --> 00:09:46,960 Speaker 6: It's interesting as you watch these companies then you're like, 180 00:09:47,000 --> 00:09:49,199 Speaker 6: I wonder if they're doing well as I'm watching the 181 00:09:49,280 --> 00:09:52,560 Speaker 6: US opening. I'm looking at Maderna as the official sponsor. 182 00:09:52,600 --> 00:09:55,080 Speaker 6: I'm thinking about like four years ago that this wasn't 183 00:09:55,080 --> 00:09:58,400 Speaker 6: the case. They got like the instant replay, the best 184 00:09:58,440 --> 00:09:59,320 Speaker 6: shot of the game. 185 00:09:59,440 --> 00:10:06,000 Speaker 4: I'm like, why, that's crazy. But in due time for yeah, 186 00:10:06,120 --> 00:10:08,440 Speaker 4: yeah people, I saw this some sniffles. In about three weeks, 187 00:10:09,800 --> 00:10:13,960 Speaker 4: it's blue season. Yeah, almost over yep. 188 00:10:14,080 --> 00:10:17,760 Speaker 1: An illegal alien from Guatemala charged with raping a child 189 00:10:17,760 --> 00:10:21,559 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 190 00:10:21,800 --> 00:10:25,960 Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with 191 00:10:26,000 --> 00:10:29,920 Speaker 1: filming and selling child pornography in Michigan. These are just 192 00:10:30,000 --> 00:10:33,720 Speaker 1: some of the heinous migrant criminals caught because of President 193 00:10:33,800 --> 00:10:37,400 Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States 194 00:10:37,400 --> 00:10:42,200 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 195 00:10:42,240 --> 00:10:45,800 Speaker 1: crossings are at the lowest levels ever recorded, and over 196 00:10:45,840 --> 00:10:49,080 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 197 00:10:49,120 --> 00:10:53,000 Speaker 1: are here illegally, your next you will be fine nearly 198 00:10:53,080 --> 00:10:57,080 Speaker 1: one thousand dollars a day, imprisoned and deported, you will 199 00:10:57,120 --> 00:11:00,760 Speaker 1: never return. But if you register using our CBP home 200 00:11:00,800 --> 00:11:04,199 Speaker 1: app and leave now, you could be allowed to return legally. 201 00:11:04,559 --> 00:11:09,280 Speaker 1: Do what's right. Leave now. Under President Trump America's laws, 202 00:11:09,480 --> 00:11:11,920 Speaker 1: border and families will be protected. 203 00:11:12,000 --> 00:11:14,160 Speaker 2: Sponsored by the United States Department of Homeland Security,