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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Speaker 1: border and families will be protected.

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

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Speaker 3: Security, interest rates hit the highest level in twenty two years.

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Speaker 3: My lord, what does this mean for us as consumers?

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Speaker 4: Unfortunately, the prices of everything is going to go up.

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Speaker 4: We'll talk about the real estate pending bubble that we

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Speaker 4: have with real estate rental prices being so high. But

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Speaker 4: for those of us who are old enough to remember,

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Speaker 4: this may not be the end. I remember a time

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Speaker 4: when if you had like a five to eighty credit score,

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Speaker 4: if you paid for a mortgage, your interest rates could

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Speaker 4: be twelve or eleven percent.

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Speaker 5: I hope that we don't go that high.

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Speaker 4: De Fed's been pretty clear in their plan for the

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Speaker 4: last year and a half about what they want to do,

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Speaker 4: But I'm seeing people are starting to get a little

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Speaker 4: bit worried. We talked about it before, the average payment

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Speaker 4: of seven ninety for a new car. The rental market

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Speaker 4: is going up, mortgages are going up. Everything is just

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Speaker 4: going to cost more. So we have to be a

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Speaker 4: lot more effective in our planning and our spending as

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Speaker 4: interest rates go up.

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Speaker 2: Yeah.

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Speaker 6: So, I mean for consumers, like you just said, Carl,

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Speaker 6: loans are going to cost more, credit cards are going

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Speaker 6: to the debt's going to be the interest rates are

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Speaker 6: going to be higher, and mortgage rates are going to

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Speaker 6: be higher. That's what it means, right straight up. That's

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Speaker 6: what this means with the interest rates being raised. But

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Speaker 6: on the other side, well, there's another thing.

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Speaker 5: That it means.

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Speaker 2: It means that we're further away.

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Speaker 6: From two percent, which is what betcha Pale has been saying,

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Speaker 6: like they want to get back to two percent. But

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Speaker 6: as we keep raising and keep raising and hopefully they

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Speaker 6: think like this will be there'll be a pause in September,

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Speaker 6: if not maybe a quarter, and then it's going to

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Speaker 6: be depending on the economic data, which is shown that

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Speaker 6: it may stop. We'll get to five and a half

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Speaker 6: percent and it'll stop there, which is further. But on

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Speaker 6: the bright side, if there is one, does that mean,

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Speaker 6: and I outpose this question, does that mean where recession

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Speaker 6: is off the table? Because that's what you know that

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Speaker 6: that's the other part of this. Right at the interest

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Speaker 6: rates get higher. Economic data is showing that, you know what,

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Speaker 6: there might be a chance for a soft lending and

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Speaker 6: maybe we don't go into a.

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Speaker 7: Recession which could cause.

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Speaker 5: A catastrophic event.

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Speaker 3: I think they already know that a recession is not

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Speaker 3: going to happen this year, so most economic analysts are

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Speaker 3: in agreement that we probably will not see a recession.

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Speaker 6: So then where when we talked about this in February,

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Speaker 6: when we're saying, all right, by definition, this should be

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Speaker 6: right two negative quarter does equal our recession? Did we

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Speaker 6: have to now change what definition is for a recession

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Speaker 6: right because they didn't really feel like one, because this

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Speaker 6: might have been the bullish recession we've ever seen.

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Speaker 5: I think they changed it to fifth the narrative that

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Speaker 5: was good at the time.

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Speaker 4: So like if a triple double is nine points nine

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Speaker 4: rebounds and nine steals, Jason Kidd may have the all

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Speaker 4: time record, Like, I think they adjusted it for what

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Speaker 4: was convenient for them to prevent panic.

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Speaker 5: I don't think we should change the definition.

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Speaker 4: I think this would be like the Balco era of investing,

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Speaker 4: where it's like, hey, this one just didn't count, which

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Speaker 4: is interesting in the self and his interest rates go up,

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Speaker 4: its slows down spending for a lot of people. If

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Speaker 4: you ask anyone as we're out and about, I don't

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Speaker 4: think people feel more confident in the financial situation more

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Speaker 4: so now than they did two years ago. So I

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Speaker 4: don't know how they keep saying that the economy is

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Speaker 4: in such a great place when interest is going up,

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Speaker 4: like even like, for let's say, if you can rent

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Speaker 4: a full bedroom in New York, what's the cost to

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Speaker 4: rent that in New York now?

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Speaker 5: Eight thousand dollars.

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Speaker 3: But you know what's so crazy is like going back

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Speaker 3: to the eye test and I was talking to more,

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Speaker 3: shout out to more and we were just having a

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Speaker 3: conversation from yeah from Royal and Ma shou out Tom

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Speaker 3: money bags in chat and we were talking and I

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Speaker 3: was a comedy bas no recession for him.

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Speaker 7: It's a fact. A few different people about.

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Speaker 3: The luxury apartment buildings in New York if interesting dynamic

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Speaker 3: was happening here, these luxury apartment buildings in New York.

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Speaker 3: And I've seen it happen in Atlanta as well, where

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Speaker 3: they're starting to look like.

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Speaker 5: Trap house boy.

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Speaker 7: Not even that.

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Speaker 3: It's just like you see a bunch of people just

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Speaker 3: in the lobby hanging out outside. A lot of dancers

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Speaker 3: are moving in, and I'm like.

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Speaker 5: Yo, ballerinas, Yeahsion is it?

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Speaker 3: Because yesterday I'm like, what are you like? Yo, it's

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Speaker 3: a lot of money out here, Okay, people getting money?

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Speaker 2: This is this is this is what I'm getting too.

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Speaker 3: Because I'm like, they can't be that many because they

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Speaker 3: have different programs to get people in. But I'm like,

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Speaker 3: everybody here can't be on the program, So how is

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Speaker 3: every how is these And it's not just one building.

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Speaker 3: There's a trend that's happening. And he was like, Yo,

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Speaker 3: it's a lot of money out here.

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Speaker 6: So that's what I'm getting too, right, Like, if we

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Speaker 6: look at consumer spending, it's pretty strong. So at some

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Speaker 6: point when is it not going to be strong? And

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Speaker 6: as far as like from an enterprise side, like, at

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Speaker 6: some point even when we look at some of these

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Speaker 6: earnings and we expected growth to slow down, right, we

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Speaker 6: expected revenue to be cut back, especially in the second

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Speaker 6: half of this year, but when we looked at the

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Speaker 6: rapporting from the second quarter, we're not seeing that. So

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Speaker 6: at what point where we see the effects of the

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Speaker 6: interest rates being raised? Is it the second half of

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Speaker 6: twenty twenty four, is it twenty twenty five's first quarter? Like,

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Speaker 6: at some point when will we see the effects? Because

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Speaker 6: I mean, you raise interest rates, it's going to take

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Speaker 6: time for it to kick in. But like to Shotty's point,

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Speaker 6: people are still spending and this isn't like PPP anymore,

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Speaker 6: Like this is something different.

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Speaker 5: Yeah, let me run off two stats real quick.

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Speaker 4: Yet of people in the US with equity has uh

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Speaker 4: the equities were worth less than it was two years

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Speaker 4: ago pre pandemic it was twenty seven percent and eighty

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Speaker 4: three point five percent of people ages twenty five to

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Speaker 4: fifty four are looking for work, which is two point

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Speaker 4: two million more than COVID. The truth is like it'll

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Speaker 4: start to be shown after whoever wins the next election.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Speaker 1: border and families will be protected.

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

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Speaker 4: There's a lot of fear that if this is announced

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Speaker 4: before the next election, that Biden will be thrown out

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Speaker 4: of office. And I can totally understand why the Republicans

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Speaker 4: don't want Trump to get back in the Republican parties

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Speaker 4: and shambles and who they want to lead. The Santus

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Speaker 4: is having trouble. They don't want to back RFK, they

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Speaker 4: don't want Trump. The Democrats are stuck with Biden and

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Speaker 4: Hunter having fun in the white out White House office.

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Speaker 4: So it's a shit show across the political landscape in

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Speaker 4: terms of like the presidential race. But I think after

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Speaker 4: the new president is announced, then we'll start to see

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Speaker 4: what the real data is and how things are really going.

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Speaker 4: And yes, actually that stripper indicator for the ratio of

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Speaker 4: strippers that buy homes and properties is an actual index

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Speaker 4: to look at.

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Speaker 5: It really is.

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Speaker 4: So I know it's a lot of people get money,

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Speaker 4: but it's a lot of people who are out here hurting,

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Speaker 4: and I don't think that they're telling a real story

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Speaker 4: about the economy of what's going on. And I think

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Speaker 4: after the election the truth will start to come out slowly,

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Speaker 4: but surely.

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Speaker 6: I mean, well, inflation numbers have gone down, right, I

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Speaker 6: mean when what you're speaking to the unemployment rate, from

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Speaker 6: what we've seen, it's been pretty low, certain portant, So

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Speaker 6: I mean it's kind of consistent, right If they're saying

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Speaker 6: like the first quarter of twenty twenty five, then that

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Speaker 6: would be after the presidential cycle, right, because the president

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Speaker 6: will be elected in twenty four of November. They don't

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Speaker 6: go into office in twenty five, So maybe that is

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Speaker 6: consistent and we will see that, right, because who wants

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Speaker 6: to have that on their tenure, on their resume, there

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Speaker 6: was a recession during your term, right, especially if you're

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Speaker 6: trying to be re elected, that definitely is not going

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Speaker 6: to help shany.

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Speaker 5: It's the point I know you want to bring upside.

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Speaker 5: Don't want this to be left out.

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Speaker 3: Yeah, well, I feel like, you know, it's a few

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Speaker 3: different things that's happening. It's interesting because, yeah, there are

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Speaker 3: people that are struggling, but the economy.

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Speaker 7: Itself is still healthy.

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Speaker 3: The stock market is booming, and you said, unemployment is

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Speaker 3: down reasonably, inflation has come down, the housing market is

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Speaker 3: still high. You know, it kind of slumped a little bit,

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Speaker 3: but it's it hasn't fallen off a cliff, and it

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Speaker 3: still places like Miami where it's just going crazy. Miami

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Speaker 3: is at a point I don't know how it can

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Speaker 3: Like Miami is at a point now where it's unstoppable,

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Speaker 3: and the way that they're developing, it's gonna look like

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Speaker 3: it's gonna look like Manhattan in five years. Like the

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Speaker 3: development that's happening in Miami and the money that's flowing

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Speaker 3: into Miami right now is unbelievable. And it's still places

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Speaker 3: like New York where real estate is still high, and

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Speaker 3: rents are still high, and people are still living in

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Speaker 3: Drake set up a whole residency in New York. I've

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Speaker 3: never really seen anything like they. Was in New York

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Speaker 3: for two weeks doing six shows. He sold out mass regard.

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Speaker 3: I don't know why he just didn't do arenas.

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Speaker 5: Well. He did four in Barklady, three in the Garden.

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Speaker 3: But that's what I'm saying, like that's unprecedented. Like he

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Speaker 3: set up shop in New.

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Speaker 6: York to do Harry Styles the fifteen in a row.

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Speaker 7: Those tickets are not cheap. They're not They are not

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Speaker 7: twelve hundred dollars.

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Speaker 3: Two thousand, and he's selling out every single night. So

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Speaker 3: there's different things that's happening with this economy where I

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Speaker 3: don't think that it's to the point where you know,

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Speaker 3: it is extremely.

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Speaker 2: Bad that they did it.

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Speaker 6: Interested in report on that, and this is why I

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Speaker 6: had to talk about Live Nation, because they were looking

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Speaker 6: at that the economic impact that some of these these

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Speaker 6: tours are having it on these cities and the economy

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Speaker 6: in general. Right when you got to tell Swift, who's

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Speaker 6: doing her world tour and it's in the United States

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Speaker 6: and it's boost the economy of each city that she's in.

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Speaker 5: Beyonce's doing the world tour.

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Speaker 6: Now she's in America doing it, and she's boost the

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Speaker 6: economy right from a travel standpoint, from a hospitality standpoint,

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Speaker 6: and from the revenue that's being in brought into the

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Speaker 6: arenas or these stadiums that they because they I shouldn't

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Speaker 6: say arenas, they're doing stadium tours and attaches that are

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Speaker 6: so these things are helping as well. I talked about

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Speaker 6: the weekend before about what he's doing, and you just

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Speaker 6: mentioned Drake, So like all these tours happening, they're helping

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Speaker 6: from a certain standpoint.

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Speaker 5: I know it's a small piece.

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Speaker 6: I think they brought in like five billion dollars over

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Speaker 6: the course of the end of June and July, which is.

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Speaker 5: A large amount.

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Speaker 6: But to the economy which is like over was it

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Speaker 6: seventy trillion? It plays a part in it. It plays

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Speaker 6: his part in it. It definitely does. And I think

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Speaker 6: I gotta give Jill credit.

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Speaker 4: He said to that in a couple of years that

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Speaker 4: a going to concerts will be like a super luxury item,

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Speaker 4: and we're getting there now, Like drink tickets are not cheap.

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Speaker 4: Taylor Swift isn't cheap. When we tried to go to

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Speaker 4: that Harry Styles concert last year, I think the tickets

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Speaker 4: was twenty five hundred and couldn't get tickets who sold out.

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Speaker 5: Every date possible to be able to go.

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Speaker 4: So I think those that are doing well are continuing

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Speaker 4: to do well.

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Speaker 5: But those who are not doing well and.

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Speaker 4: Those that have been lost the last four or five years,

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Speaker 4: I think this gap and the disparity is becoming so

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Speaker 4: wide that it's going to.

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Speaker 5: Be hard to make up for it in a few years.

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Speaker 4: That's my concern. Yes, of course, there's always going to

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Speaker 4: be people who make money. They're going to be high earners.

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Speaker 4: It's that eighty to twenty rule, like twenty percent of

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Speaker 4: the people are going to make an.

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Speaker 5: Exordinant amount of money. Is not.

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Speaker 4: But I'm worried about that gap being so wide with

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Speaker 4: the rise and rate even here in Houston, Like there's

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Speaker 4: a lot of people who moved to Houston because it

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Speaker 4: was considered affordable, and now a lot of them are

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Speaker 4: also being priced out. So I think the gap is

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Speaker 4: a story that isn't being told. And every company seems

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Speaker 4: to be adjusting to going the luxury route or premium

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Speaker 4: pricing which I've always been pro. But the lower end

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Speaker 4: companies I was reading an article earlier. Amazon and Walmart

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Speaker 4: are now expounding, excuse me, expanding to India as well,

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Speaker 4: following the footsteps of Apple. Zanna say said, congressing your win.

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Speaker 4: So I think India's economy is raising up and it's

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Speaker 4: filling in that middle class gap that we lost, and

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Speaker 4: we're really a luxury good, luxury service kind of market now,

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Speaker 4: and it's going to be bad for a lot of people.

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Speaker 7: All right, we'll mind to the situation.

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

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Speaker 1: in Massachusetts. An MS thirteen gang member Romel Salvador accused

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

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

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Speaker 1: of the heinous migrant criminals caught because of President Donald J.

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Speaker 1: Trump's leadership. I'm Christy nom the United States Secretary of

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Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are

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Speaker 1: at the lowest levels ever recorded, and over one hundred

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Speaker 1: thousand illegal aliens.

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Speaker 2: Have been arrested.

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

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

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

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

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

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

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