Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fined nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland.
Speaker 3: Security, interest rates hit the highest level in twenty two years.
Speaker 3: My lord, what does this mean for us as consumers?
Speaker 4: Unfortunately, the prices of everything is going to go up.
Speaker 4: We'll talk about the real estate pending bubble that we
Speaker 4: have with real estate rental prices being so high. But
Speaker 4: for those of us who are old enough to remember,
Speaker 4: this may not be the end. I remember a time
Speaker 4: when if you had like a five to eighty credit score,
Speaker 4: if you paid for a mortgage, your interest rates could
Speaker 4: be twelve or eleven percent.
Speaker 5: I hope that we don't go that high.
Speaker 4: De Fed's been pretty clear in their plan for the
Speaker 4: last year and a half about what they want to do,
Speaker 4: But I'm seeing people are starting to get a little
Speaker 4: bit worried. We talked about it before, the average payment
Speaker 4: of seven ninety for a new car. The rental market
Speaker 4: is going up, mortgages are going up. Everything is just
Speaker 4: going to cost more. So we have to be a
Speaker 4: lot more effective in our planning and our spending as
Speaker 4: interest rates go up.
Speaker 2: Yeah.
Speaker 6: So, I mean for consumers, like you just said, Carl,
Speaker 6: loans are going to cost more, credit cards are going
Speaker 6: to the debt's going to be the interest rates are
Speaker 6: going to be higher, and mortgage rates are going to
Speaker 6: be higher. That's what it means, right straight up. That's
Speaker 6: what this means with the interest rates being raised. But
Speaker 6: on the other side, well, there's another thing.
Speaker 5: That it means.
Speaker 2: It means that we're further away.
Speaker 6: From two percent, which is what betcha Pale has been saying,
Speaker 6: like they want to get back to two percent. But
Speaker 6: as we keep raising and keep raising and hopefully they
Speaker 6: think like this will be there'll be a pause in September,
Speaker 6: if not maybe a quarter, and then it's going to
Speaker 6: be depending on the economic data, which is shown that
Speaker 6: it may stop. We'll get to five and a half
Speaker 6: percent and it'll stop there, which is further. But on
Speaker 6: the bright side, if there is one, does that mean,
Speaker 6: and I outpose this question, does that mean where recession
Speaker 6: is off the table? Because that's what you know that
Speaker 6: that's the other part of this. Right at the interest
Speaker 6: rates get higher. Economic data is showing that, you know what,
Speaker 6: there might be a chance for a soft lending and
Speaker 6: maybe we don't go into a.
Speaker 7: Recession which could cause.
Speaker 5: A catastrophic event.
Speaker 3: I think they already know that a recession is not
Speaker 3: going to happen this year, so most economic analysts are
Speaker 3: in agreement that we probably will not see a recession.
Speaker 6: So then where when we talked about this in February,
Speaker 6: when we're saying, all right, by definition, this should be
Speaker 6: right two negative quarter does equal our recession? Did we
Speaker 6: have to now change what definition is for a recession
Speaker 6: right because they didn't really feel like one, because this
Speaker 6: might have been the bullish recession we've ever seen.
Speaker 5: I think they changed it to fifth the narrative that
Speaker 5: was good at the time.
Speaker 4: So like if a triple double is nine points nine
Speaker 4: rebounds and nine steals, Jason Kidd may have the all
Speaker 4: time record, Like, I think they adjusted it for what
Speaker 4: was convenient for them to prevent panic.
Speaker 5: I don't think we should change the definition.
Speaker 4: I think this would be like the Balco era of investing,
Speaker 4: where it's like, hey, this one just didn't count, which
Speaker 4: is interesting in the self and his interest rates go up,
Speaker 4: its slows down spending for a lot of people. If
Speaker 4: you ask anyone as we're out and about, I don't
Speaker 4: think people feel more confident in the financial situation more
Speaker 4: so now than they did two years ago. So I
Speaker 4: don't know how they keep saying that the economy is
Speaker 4: in such a great place when interest is going up,
Speaker 4: like even like, for let's say, if you can rent
Speaker 4: a full bedroom in New York, what's the cost to
Speaker 4: rent that in New York now?
Speaker 5: Eight thousand dollars.
Speaker 3: But you know what's so crazy is like going back
Speaker 3: to the eye test and I was talking to more,
Speaker 3: shout out to more and we were just having a
Speaker 3: conversation from yeah from Royal and Ma shou out Tom
Speaker 3: money bags in chat and we were talking and I
Speaker 3: was a comedy bas no recession for him.
Speaker 7: It's a fact. A few different people about.
Speaker 3: The luxury apartment buildings in New York if interesting dynamic
Speaker 3: was happening here, these luxury apartment buildings in New York.
Speaker 3: And I've seen it happen in Atlanta as well, where
Speaker 3: they're starting to look like.
Speaker 5: Trap house boy.
Speaker 7: Not even that.
Speaker 3: It's just like you see a bunch of people just
Speaker 3: in the lobby hanging out outside. A lot of dancers
Speaker 3: are moving in, and I'm like.
Speaker 5: Yo, ballerinas, Yeahsion is it?
Speaker 3: Because yesterday I'm like, what are you like? Yo, it's
Speaker 3: a lot of money out here, Okay, people getting money?
Speaker 2: This is this is this is what I'm getting too.
Speaker 3: Because I'm like, they can't be that many because they
Speaker 3: have different programs to get people in. But I'm like,
Speaker 3: everybody here can't be on the program, So how is
Speaker 3: every how is these And it's not just one building.
Speaker 3: There's a trend that's happening. And he was like, Yo,
Speaker 3: it's a lot of money out here.
Speaker 6: So that's what I'm getting too, right, Like, if we
Speaker 6: look at consumer spending, it's pretty strong. So at some
Speaker 6: point when is it not going to be strong? And
Speaker 6: as far as like from an enterprise side, like, at
Speaker 6: some point even when we look at some of these
Speaker 6: earnings and we expected growth to slow down, right, we
Speaker 6: expected revenue to be cut back, especially in the second
Speaker 6: half of this year, but when we looked at the
Speaker 6: rapporting from the second quarter, we're not seeing that. So
Speaker 6: at what point where we see the effects of the
Speaker 6: interest rates being raised? Is it the second half of
Speaker 6: twenty twenty four, is it twenty twenty five's first quarter? Like,
Speaker 6: at some point when will we see the effects? Because
Speaker 6: I mean, you raise interest rates, it's going to take
Speaker 6: time for it to kick in. But like to Shotty's point,
Speaker 6: people are still spending and this isn't like PPP anymore,
Speaker 6: Like this is something different.
Speaker 5: Yeah, let me run off two stats real quick.
Speaker 4: Yet of people in the US with equity has uh
Speaker 4: the equities were worth less than it was two years
Speaker 4: ago pre pandemic it was twenty seven percent and eighty
Speaker 4: three point five percent of people ages twenty five to
Speaker 4: fifty four are looking for work, which is two point
Speaker 4: two million more than COVID. The truth is like it'll
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
Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally your next you will be fined nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland Security.
Speaker 4: There's a lot of fear that if this is announced
Speaker 4: before the next election, that Biden will be thrown out
Speaker 4: of office. And I can totally understand why the Republicans
Speaker 4: don't want Trump to get back in the Republican parties
Speaker 4: and shambles and who they want to lead. The Santus
Speaker 4: is having trouble. They don't want to back RFK, they
Speaker 4: don't want Trump. The Democrats are stuck with Biden and
Speaker 4: Hunter having fun in the white out White House office.
Speaker 4: So it's a shit show across the political landscape in
Speaker 4: terms of like the presidential race. But I think after
Speaker 4: the new president is announced, then we'll start to see
Speaker 4: what the real data is and how things are really going.
Speaker 4: And yes, actually that stripper indicator for the ratio of
Speaker 4: strippers that buy homes and properties is an actual index
Speaker 4: to look at.
Speaker 5: It really is.
Speaker 4: So I know it's a lot of people get money,
Speaker 4: but it's a lot of people who are out here hurting,
Speaker 4: and I don't think that they're telling a real story
Speaker 4: about the economy of what's going on. And I think
Speaker 4: after the election the truth will start to come out slowly,
Speaker 4: but surely.
Speaker 6: I mean, well, inflation numbers have gone down, right, I
Speaker 6: mean when what you're speaking to the unemployment rate, from
Speaker 6: what we've seen, it's been pretty low, certain portant, So
Speaker 6: I mean it's kind of consistent, right If they're saying
Speaker 6: like the first quarter of twenty twenty five, then that
Speaker 6: would be after the presidential cycle, right, because the president
Speaker 6: will be elected in twenty four of November. They don't
Speaker 6: go into office in twenty five, So maybe that is
Speaker 6: consistent and we will see that, right, because who wants
Speaker 6: to have that on their tenure, on their resume, there
Speaker 6: was a recession during your term, right, especially if you're
Speaker 6: trying to be re elected, that definitely is not going
Speaker 6: to help shany.
Speaker 5: It's the point I know you want to bring upside.
Speaker 5: Don't want this to be left out.
Speaker 3: Yeah, well, I feel like, you know, it's a few
Speaker 3: different things that's happening. It's interesting because, yeah, there are
Speaker 3: people that are struggling, but the economy.
Speaker 7: Itself is still healthy.
Speaker 3: The stock market is booming, and you said, unemployment is
Speaker 3: down reasonably, inflation has come down, the housing market is
Speaker 3: still high. You know, it kind of slumped a little bit,
Speaker 3: but it's it hasn't fallen off a cliff, and it
Speaker 3: still places like Miami where it's just going crazy. Miami
Speaker 3: is at a point I don't know how it can
Speaker 3: Like Miami is at a point now where it's unstoppable,
Speaker 3: and the way that they're developing, it's gonna look like
Speaker 3: it's gonna look like Manhattan in five years. Like the
Speaker 3: development that's happening in Miami and the money that's flowing
Speaker 3: into Miami right now is unbelievable. And it's still places
Speaker 3: like New York where real estate is still high, and
Speaker 3: rents are still high, and people are still living in
Speaker 3: Drake set up a whole residency in New York. I've
Speaker 3: never really seen anything like they. Was in New York
Speaker 3: for two weeks doing six shows. He sold out mass regard.
Speaker 3: I don't know why he just didn't do arenas.
Speaker 5: Well. He did four in Barklady, three in the Garden.
Speaker 3: But that's what I'm saying, like that's unprecedented. Like he
Speaker 3: set up shop in New.
Speaker 6: York to do Harry Styles the fifteen in a row.
Speaker 7: Those tickets are not cheap. They're not They are not
Speaker 7: twelve hundred dollars.
Speaker 3: Two thousand, and he's selling out every single night. So
Speaker 3: there's different things that's happening with this economy where I
Speaker 3: don't think that it's to the point where you know,
Speaker 3: it is extremely.
Speaker 2: Bad that they did it.
Speaker 6: Interested in report on that, and this is why I
Speaker 6: had to talk about Live Nation, because they were looking
Speaker 6: at that the economic impact that some of these these
Speaker 6: tours are having it on these cities and the economy
Speaker 6: in general. Right when you got to tell Swift, who's
Speaker 6: doing her world tour and it's in the United States
Speaker 6: and it's boost the economy of each city that she's in.
Speaker 5: Beyonce's doing the world tour.
Speaker 6: Now she's in America doing it, and she's boost the
Speaker 6: economy right from a travel standpoint, from a hospitality standpoint,
Speaker 6: and from the revenue that's being in brought into the
Speaker 6: arenas or these stadiums that they because they I shouldn't
Speaker 6: say arenas, they're doing stadium tours and attaches that are
Speaker 6: so these things are helping as well. I talked about
Speaker 6: the weekend before about what he's doing, and you just
Speaker 6: mentioned Drake, So like all these tours happening, they're helping
Speaker 6: from a certain standpoint.
Speaker 5: I know it's a small piece.
Speaker 6: I think they brought in like five billion dollars over
Speaker 6: the course of the end of June and July, which is.
Speaker 5: A large amount.
Speaker 6: But to the economy which is like over was it
Speaker 6: seventy trillion? It plays a part in it. It plays
Speaker 6: his part in it. It definitely does. And I think
Speaker 6: I gotta give Jill credit.
Speaker 4: He said to that in a couple of years that
Speaker 4: a going to concerts will be like a super luxury item,
Speaker 4: and we're getting there now, Like drink tickets are not cheap.
Speaker 4: Taylor Swift isn't cheap. When we tried to go to
Speaker 4: that Harry Styles concert last year, I think the tickets
Speaker 4: was twenty five hundred and couldn't get tickets who sold out.
Speaker 5: Every date possible to be able to go.
Speaker 4: So I think those that are doing well are continuing
Speaker 4: to do well.
Speaker 5: But those who are not doing well and.
Speaker 4: Those that have been lost the last four or five years,
Speaker 4: I think this gap and the disparity is becoming so
Speaker 4: wide that it's going to.
Speaker 5: Be hard to make up for it in a few years.
Speaker 4: That's my concern. Yes, of course, there's always going to
Speaker 4: be people who make money. They're going to be high earners.
Speaker 4: It's that eighty to twenty rule, like twenty percent of
Speaker 4: the people are going to make an.
Speaker 5: Exordinant amount of money. Is not.
Speaker 4: But I'm worried about that gap being so wide with
Speaker 4: the rise and rate even here in Houston, Like there's
Speaker 4: a lot of people who moved to Houston because it
Speaker 4: was considered affordable, and now a lot of them are
Speaker 4: also being priced out. So I think the gap is
Speaker 4: a story that isn't being told. And every company seems
Speaker 4: to be adjusting to going the luxury route or premium
Speaker 4: pricing which I've always been pro. But the lower end
Speaker 4: companies I was reading an article earlier. Amazon and Walmart
Speaker 4: are now expounding, excuse me, expanding to India as well,
Speaker 4: following the footsteps of Apple. Zanna say said, congressing your win.
Speaker 4: So I think India's economy is raising up and it's
Speaker 4: filling in that middle class gap that we lost, and
Speaker 4: we're really a luxury good, luxury service kind of market now,
Speaker 4: and it's going to be bad for a lot of people.
Speaker 7: All right, we'll mind to the situation.
Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member Romel Salvador accused
Speaker 1: of murdering a Texas man of Venezuelan charged with filming
Speaker 1: and selling child pornography in Michigan. These are just some
Speaker 1: of the heinous migrant criminals caught because of President Donald J.
Speaker 1: Trump's leadership. I'm Christy nom the United States Secretary of
Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are
Speaker 1: at the lowest levels ever recorded, and over one hundred
Speaker 1: thousand illegal aliens.
Speaker 2: Have been arrested.
Speaker 1: If you are here illegally, your next you will be fine.
Speaker 1: Nearly one thousand dollars a day. Imprisoned and deported, you
Speaker 1: will never return. But if you register using our CBP
Speaker 1: home app and leave now, you could be allowed to
Speaker 1: return legally. Do what's right. Leave now. Under President Trump
Speaker 1: America's laws, border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland Security,