1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,960 --> 00:00:35,600 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,600 --> 00:00:38,840 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,280 --> 00:00:42,000 Speaker 1: National Association Member FDIC. 13 00:00:44,600 --> 00:00:45,279 Speaker 2: Erness What's Up? 14 00:00:45,360 --> 00:00:47,839 Speaker 1: You ever walk into a small business and everything just 15 00:00:47,960 --> 00:00:51,159 Speaker 1: works like the checkout is fast, the receipts are digital, 16 00:00:51,680 --> 00:00:54,640 Speaker 1: tipping is a breeze, and you're out the door before 17 00:00:54,680 --> 00:00:58,840 Speaker 1: the line even builds. Odds are they're using Square? We 18 00:00:58,960 --> 00:01:01,520 Speaker 1: love supporting business that run on Square because it just 19 00:01:01,560 --> 00:01:04,800 Speaker 1: feels seamless. 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To see how Square can transform your business, 29 00:01:34,720 --> 00:01:39,360 Speaker 1: visit Square dot com backslash, go backslash eyl to learn 30 00:01:39,400 --> 00:01:44,600 Speaker 1: more that Square dot com backslash, go backslash eyl. Don't wait, 31 00:01:44,920 --> 00:01:47,720 Speaker 1: don't hesitate. Let's Square handle the back end so you 32 00:01:47,760 --> 00:01:49,400 Speaker 1: can keep pushing your vision forward. 33 00:01:51,680 --> 00:01:56,720 Speaker 3: Stock futures drift higher ahead of Velenski's visit kind of 34 00:01:56,760 --> 00:01:59,760 Speaker 3: flat now as far as for the day, but this 35 00:02:00,240 --> 00:02:04,840 Speaker 3: there's some anticipation that that could lead to some level 36 00:02:04,880 --> 00:02:12,360 Speaker 3: of breakthrough potentially. So what if any will this have 37 00:02:12,800 --> 00:02:16,240 Speaker 3: on the stock market, I. 38 00:02:16,200 --> 00:02:20,239 Speaker 4: Think very little as far as the futures market. Expiration 39 00:02:20,440 --> 00:02:23,680 Speaker 4: was just Friday, so you usually have a twenty five 40 00:02:23,760 --> 00:02:26,760 Speaker 4: to twenty eight day window to get all your trades done. 41 00:02:26,760 --> 00:02:28,840 Speaker 4: But there's a hard deadline on which was to cut off, 42 00:02:28,840 --> 00:02:32,920 Speaker 4: and the fifteenth was that usually after expiration happens the 43 00:02:32,960 --> 00:02:35,120 Speaker 4: first two days or a little bit flat or slower. 44 00:02:36,000 --> 00:02:40,040 Speaker 4: Do I think this would be enough of a blockbuster 45 00:02:40,160 --> 00:02:42,200 Speaker 4: meeting to move the market one way or another. 46 00:02:42,760 --> 00:02:42,840 Speaker 2: No. 47 00:02:43,000 --> 00:02:44,520 Speaker 4: One of the biggest things that I'm going to be 48 00:02:44,520 --> 00:02:47,880 Speaker 4: talking about on Sunday is to understand what's a real 49 00:02:48,040 --> 00:02:51,720 Speaker 4: catalyst versus what is noise. Do I think the meeting 50 00:02:51,720 --> 00:02:55,160 Speaker 4: would be great or tensions ease, Yes, but it's more 51 00:02:55,240 --> 00:03:00,560 Speaker 4: noise than actual catalyst. So yeah, should drop back to 52 00:03:00,639 --> 00:03:04,320 Speaker 4: sixty three ninety five at some point this month, But 53 00:03:04,800 --> 00:03:09,000 Speaker 4: this meeting won't be the reason why nowhere that close 54 00:03:09,040 --> 00:03:12,000 Speaker 4: to it. You know, more noise than catalysts, for sure. 55 00:03:12,240 --> 00:03:12,760 Speaker 2: I'm with you. 56 00:03:13,320 --> 00:03:16,239 Speaker 1: Even when I looked at the question, I thought more 57 00:03:16,280 --> 00:03:18,359 Speaker 1: so for the future's market than anything. When you're talking 58 00:03:18,400 --> 00:03:21,000 Speaker 1: about commodities, we obviously being something that's huge that comes 59 00:03:21,000 --> 00:03:21,560 Speaker 1: from Ukraine. 60 00:03:22,000 --> 00:03:23,360 Speaker 2: I think it affects those markets. 61 00:03:23,600 --> 00:03:27,639 Speaker 1: I don't see it overall affecting the entire market we've 62 00:03:28,200 --> 00:03:31,280 Speaker 1: I mean, it feels like there's always some geopolitical tension somewhere, 63 00:03:32,280 --> 00:03:35,160 Speaker 1: and so the talks we might see something positive, but 64 00:03:35,440 --> 00:03:38,200 Speaker 1: I don't expect to see any type of large uptick. 65 00:03:38,280 --> 00:03:40,200 Speaker 1: I think that the big day on our calendar this 66 00:03:40,240 --> 00:03:43,280 Speaker 1: week is Friday, when Jerome Powell will be speaking. 67 00:03:43,880 --> 00:03:46,200 Speaker 4: That's going to have way more impact and it's going 68 00:03:46,240 --> 00:03:48,160 Speaker 4: to send more floods into the market for sure. 69 00:03:48,400 --> 00:03:51,080 Speaker 1: Right, a couple of things could happen, right, I mean, 70 00:03:51,600 --> 00:03:52,840 Speaker 1: it feels like he's not. 71 00:03:52,760 --> 00:03:54,600 Speaker 2: Going to succumb to the pressure of the president. 72 00:03:54,720 --> 00:03:57,080 Speaker 1: But you know, all analysts appointing that there will be 73 00:03:57,160 --> 00:04:00,640 Speaker 1: a rate cut here in September. It ually started at 74 00:04:00,640 --> 00:04:02,680 Speaker 1: a quarter point, but now they're talking that potentially it 75 00:04:02,680 --> 00:04:05,480 Speaker 1: could be half a point, which would send the market 76 00:04:05,560 --> 00:04:09,360 Speaker 1: up or right at the end verse he could say, hey, 77 00:04:10,200 --> 00:04:14,280 Speaker 1: things are not going where we expected. Evaluations are out 78 00:04:14,280 --> 00:04:17,400 Speaker 1: of control, and he says, you know what, we'reou cutting 79 00:04:17,440 --> 00:04:22,679 Speaker 1: rates at all. And then that mid to late summer 80 00:04:23,000 --> 00:04:24,400 Speaker 1: pullback that we talked. 81 00:04:24,120 --> 00:04:27,239 Speaker 2: About, it's still right there to the right in line. 82 00:04:27,640 --> 00:04:30,159 Speaker 1: So I circle in Friday as the day I know 83 00:04:31,080 --> 00:04:33,400 Speaker 1: he met with Putin last week SYSK. 84 00:04:33,520 --> 00:04:35,640 Speaker 2: Today, I'm waiting for Jerome Powell. 85 00:04:35,920 --> 00:04:38,520 Speaker 1: That's the guy that I need, that's a catalyst, that's 86 00:04:38,520 --> 00:04:39,040 Speaker 1: the guy I need. 87 00:04:39,279 --> 00:04:42,640 Speaker 4: Yes, if they move the market or they don't do 88 00:04:42,680 --> 00:04:45,960 Speaker 4: anything with the rates, it could have an impact. But 89 00:04:46,000 --> 00:04:50,400 Speaker 4: if he decides, like you said, two basis points or 90 00:04:50,480 --> 00:04:52,000 Speaker 4: zero point five, Yeah. 91 00:04:52,680 --> 00:04:55,479 Speaker 2: Will fly to the up side. For sure, We're gonna go. 92 00:04:55,520 --> 00:04:57,200 Speaker 2: It's gonna be a nice run. It's gonna be a 93 00:04:57,279 --> 00:04:58,560 Speaker 2: nice run. Yeah. 94 00:04:59,240 --> 00:05:00,800 Speaker 1: I mean I do you think he comes to the 95 00:05:00,839 --> 00:05:03,200 Speaker 1: pressure or do you feel like he even feels the 96 00:05:03,200 --> 00:05:04,200 Speaker 1: pressure from the president? 97 00:05:04,520 --> 00:05:06,360 Speaker 4: I think he feels it, but I think he knows 98 00:05:06,400 --> 00:05:08,440 Speaker 4: he can't succumb to it. And it's a great lesson 99 00:05:08,480 --> 00:05:10,720 Speaker 4: I think all of us can talk about and at 100 00:05:10,720 --> 00:05:13,440 Speaker 4: a time to a part of our conversation with Tabitha. 101 00:05:14,000 --> 00:05:17,000 Speaker 4: When being a leader, you can't give into the pressure 102 00:05:17,160 --> 00:05:20,960 Speaker 4: of the noise, like linear your focus on and I 103 00:05:21,000 --> 00:05:23,520 Speaker 4: know this week for all of us, it's extreme focus 104 00:05:23,600 --> 00:05:26,640 Speaker 4: on what the mission is. Mission is to make sure 105 00:05:26,640 --> 00:05:28,560 Speaker 4: it's the best one that we've ever had at the 106 00:05:28,600 --> 00:05:35,440 Speaker 4: best fest. No outside noise matters, noise versus catalyst. There 107 00:05:35,440 --> 00:05:38,479 Speaker 4: can be a lot of noise and conjecture online and 108 00:05:38,520 --> 00:05:40,240 Speaker 4: in public spaces, but at the end of the day, 109 00:05:40,279 --> 00:05:42,159 Speaker 4: does it really make anyone's lives better? 110 00:05:42,279 --> 00:05:42,359 Speaker 1: No? 111 00:05:45,040 --> 00:05:51,880 Speaker 4: So true catalysts, power, speaking, interest, rate, environment, true geopolitical 112 00:05:51,920 --> 00:05:54,599 Speaker 4: threat Like if that Putin and Trump meeting didn't go well, 113 00:05:55,080 --> 00:05:56,720 Speaker 4: it would have been some friction in the market. He 114 00:05:56,760 --> 00:05:59,920 Speaker 4: made sure to roll out the proverbial red carpet to 115 00:06:00,080 --> 00:06:02,320 Speaker 4: make sure even though he flew that jet over Putin's head, 116 00:06:04,400 --> 00:06:11,240 Speaker 4: stealth bomber so separate put In chat catalysts versus noise. 117 00:06:11,800 --> 00:06:13,800 Speaker 4: Catalyst is what's going to have impact on the market 118 00:06:13,839 --> 00:06:15,640 Speaker 4: in your life, not the noise at all. 119 00:06:16,160 --> 00:06:17,760 Speaker 2: Yeah, I'm happy either way. 120 00:06:18,160 --> 00:06:20,720 Speaker 1: If we have a little pullback here, great, we got 121 00:06:20,760 --> 00:06:23,200 Speaker 1: reserves ready to go. And if we're going on this 122 00:06:23,240 --> 00:06:25,880 Speaker 1: bull run that goes through September, and some people might 123 00:06:25,880 --> 00:06:28,440 Speaker 1: say maybe it's been baked in already, we'll see, but yeah, 124 00:06:28,440 --> 00:06:29,200 Speaker 1: it's gonna be important. 125 00:06:29,200 --> 00:06:32,359 Speaker 4: The more importantly, just hold your money in the market. 126 00:06:32,400 --> 00:06:35,599 Speaker 4: Stop looking for every little palpitation in the market to 127 00:06:35,720 --> 00:06:37,520 Speaker 4: determine if you're going to get in and out. The 128 00:06:37,600 --> 00:06:41,760 Speaker 4: real game is to just hold forever. Just hold, You'll 129 00:06:41,800 --> 00:06:42,320 Speaker 4: be fine. 130 00:06:43,000 --> 00:06:46,680 Speaker 5: An illegal alien from Guatemala charged with raping a child 131 00:06:46,680 --> 00:06:50,520 Speaker 5: in Massachusetts. An MS thirteen gang member from Al Salvador 132 00:06:50,760 --> 00:06:54,880 Speaker 5: accused of murdering a Texas man of Venezuelan charged with 133 00:06:54,960 --> 00:06:58,839 Speaker 5: filming and selling child pornography in Michigan. These are just 134 00:06:58,920 --> 00:07:02,719 Speaker 5: some of the heinous migrant criminals caught because of President 135 00:07:02,720 --> 00:07:06,280 Speaker 5: Donald J. Trump's leadership. I'm Christy Noman, the United States 136 00:07:06,320 --> 00:07:11,120 Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border 137 00:07:11,160 --> 00:07:14,720 Speaker 5: crossings are at the lowest levels ever recorded, and over 138 00:07:14,760 --> 00:07:18,000 Speaker 5: one hundred thousand illegal aliens have been arrested. If you 139 00:07:18,080 --> 00:07:21,920 Speaker 5: are here illegally, your next you will be fine nearly 140 00:07:22,000 --> 00:07:26,040 Speaker 5: one thousand dollars a day, imprisoned, and deported, you will 141 00:07:26,040 --> 00:07:29,720 Speaker 5: never return. But if you register using our CBP home 142 00:07:29,760 --> 00:07:33,120 Speaker 5: app and leave now, you could be allowed to return legally. 143 00:07:33,480 --> 00:07:38,239 Speaker 5: Do what's right. Leave now. Under President Trump, America's laws, 144 00:07:38,400 --> 00:07:40,840 Speaker 5: border and families will be protected. 145 00:07:40,920 --> 00:07:43,080 Speaker 2: Sponsored by the United States Department of Homeland Security.