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 00:01:00,320 --> 00:01:03,480 Speaker 3: Amazon start let's start here before we get to the 18 00:01:03,520 --> 00:01:10,479 Speaker 3: bank situation. Amazon to layoff nine thousand more workers, which 19 00:01:10,520 --> 00:01:15,880 Speaker 3: brings the total to twenty seven thousand people. How do 20 00:01:15,959 --> 00:01:18,679 Speaker 3: we feel about this? What does this say about the economy? 21 00:01:18,680 --> 00:01:21,759 Speaker 3: What does it say about the tech sector? What does 22 00:01:21,800 --> 00:01:22,200 Speaker 3: it say? 23 00:01:24,760 --> 00:01:26,720 Speaker 4: I'll just say the first thing, and it goes back 24 00:01:26,760 --> 00:01:29,240 Speaker 4: to when we talked about it in December when they 25 00:01:29,280 --> 00:01:31,440 Speaker 4: laid off eighteen thousand people and we saw a Meta 26 00:01:31,520 --> 00:01:33,200 Speaker 4: do it and we were not eighteen thousand, but we 27 00:01:33,240 --> 00:01:34,880 Speaker 4: saw them do eleven. And we saw Google, we saw 28 00:01:34,920 --> 00:01:39,080 Speaker 4: a microphone Microsoft do it. There was a These are 29 00:01:39,120 --> 00:01:41,679 Speaker 4: the effects of the pandemic. Right when we talk about 30 00:01:41,680 --> 00:01:44,280 Speaker 4: a lot of the tech companies, how were they going 31 00:01:44,319 --> 00:01:47,480 Speaker 4: to respond to the overwhelming demand on their product? 32 00:01:47,520 --> 00:01:49,440 Speaker 2: Well, the response was to hire more people. 33 00:01:50,400 --> 00:01:53,160 Speaker 4: When people have changed the way that they go about business, 34 00:01:53,160 --> 00:01:54,920 Speaker 4: the way they go about lifestyle, the way they go 35 00:01:54,920 --> 00:01:57,640 Speaker 4: about spending, there's going to be. 36 00:01:57,640 --> 00:01:58,480 Speaker 2: A changing your business. 37 00:01:58,480 --> 00:02:01,440 Speaker 4: And the change just happened to be, you know, especially 38 00:02:01,480 --> 00:02:03,640 Speaker 4: for Amazon, that people are going back outside in their shopping. 39 00:02:03,760 --> 00:02:06,800 Speaker 4: People still use Amazon, but there's an alternative to how 40 00:02:06,880 --> 00:02:08,320 Speaker 4: they once were only shopping. 41 00:02:08,840 --> 00:02:11,160 Speaker 2: And so this is I've looked up to statistics. This 42 00:02:11,200 --> 00:02:11,880 Speaker 2: is pretty interesting. 43 00:02:13,320 --> 00:02:17,239 Speaker 4: Between Q four twenty nineteen and Q three twenty twenty two, 44 00:02:18,120 --> 00:02:20,520 Speaker 4: their head count increased by ninety three percent. 45 00:02:22,560 --> 00:02:25,440 Speaker 2: Ninety three percent, Yeah, that's. 46 00:02:25,280 --> 00:02:28,880 Speaker 4: Nearly almost one hundred percent more people worked during that 47 00:02:28,960 --> 00:02:31,480 Speaker 4: time than they originally planned. So, right, even if you 48 00:02:31,520 --> 00:02:35,359 Speaker 4: were creating a hiring board in twenty nineteen going to 49 00:02:35,440 --> 00:02:37,560 Speaker 4: twenty twenty, you could have never imagined that this would 50 00:02:37,600 --> 00:02:40,680 Speaker 4: be the increase of hires. And so what comes on 51 00:02:40,680 --> 00:02:42,840 Speaker 4: the inverse of that when there needs to be cutbacks 52 00:02:42,919 --> 00:02:45,520 Speaker 4: some people are going to lose their jobs is unfortunate. 53 00:02:45,600 --> 00:02:48,680 Speaker 2: The count is like twenty seven thousand, So this round. 54 00:02:48,480 --> 00:02:51,440 Speaker 4: Of cuts is expected to impact the cloud computing, advertising, 55 00:02:51,480 --> 00:02:55,800 Speaker 4: human resources, and twitch units, so a lot of gaming, a. 56 00:02:55,680 --> 00:02:57,240 Speaker 2: Lot of again cloud computing. 57 00:02:57,880 --> 00:03:00,320 Speaker 4: It's unfortunate, right because these twenty seven thousand, and I 58 00:03:00,360 --> 00:03:01,920 Speaker 4: know it feels like it's a number, but these are 59 00:03:01,960 --> 00:03:04,919 Speaker 4: actually people, and these people have families, and these people 60 00:03:04,960 --> 00:03:07,520 Speaker 4: have bills, and it's unfortunate. But this is part of 61 00:03:07,560 --> 00:03:11,600 Speaker 4: the economy, right, This is what comes with gross over hiring. 62 00:03:11,880 --> 00:03:14,120 Speaker 4: There are going to be layouts and cutbacks, and so 63 00:03:14,480 --> 00:03:19,000 Speaker 4: again it's unfortunate. But I don't think this is the end, right, 64 00:03:19,000 --> 00:03:22,640 Speaker 4: because we're still we're still trying to figure out and 65 00:03:22,720 --> 00:03:24,799 Speaker 4: especially a lot of these companies in tech are trying 66 00:03:24,840 --> 00:03:26,600 Speaker 4: to figure out what is the right medium. 67 00:03:26,639 --> 00:03:29,760 Speaker 2: You don't want to underhire. But what comes to that. 68 00:03:29,840 --> 00:03:31,600 Speaker 4: I know that you stress this a lot is that 69 00:03:32,240 --> 00:03:34,480 Speaker 4: we have to figure out how we can get more 70 00:03:34,720 --> 00:03:35,440 Speaker 4: with less people. 71 00:03:36,560 --> 00:03:38,040 Speaker 5: And I think this is this is a prome case 72 00:03:38,080 --> 00:03:41,440 Speaker 5: of it. A couple of interesting things. Like you said, 73 00:03:41,640 --> 00:03:43,680 Speaker 5: this isn't going to be the last cut. Number one, 74 00:03:43,720 --> 00:03:47,520 Speaker 5: so they're layering because the company can't effectively lay off 75 00:03:47,520 --> 00:03:50,920 Speaker 5: fifty thousand people in one week, one quarter, one day. 76 00:03:51,120 --> 00:03:54,120 Speaker 5: That's in shock waves throughout the market. Number two is 77 00:03:54,120 --> 00:03:57,320 Speaker 5: the transition into a new CEO. There's some dramatic changes 78 00:03:57,320 --> 00:03:59,480 Speaker 5: that have to be made. If you look the stock 79 00:03:59,520 --> 00:04:01,920 Speaker 5: at one point, was that one eighty eight sixty five 80 00:04:02,920 --> 00:04:06,680 Speaker 5: came down to eighty four oh two, which pretty much 81 00:04:06,720 --> 00:04:08,520 Speaker 5: cut the value of the stock in half. 82 00:04:08,560 --> 00:04:11,880 Speaker 2: Therefore, you have to make some adjustments. Number three. I 83 00:04:11,880 --> 00:04:14,440 Speaker 2: don't like this for the workforce. 84 00:04:14,920 --> 00:04:19,880 Speaker 5: I was doing some analysis earlier, and without quantitative easing 85 00:04:21,200 --> 00:04:25,839 Speaker 5: in twenty eight through twenty twenty, the supply of money 86 00:04:25,839 --> 00:04:28,200 Speaker 5: that came in in twenty twenty and the bailoffs that 87 00:04:28,240 --> 00:04:32,280 Speaker 5: we will talk about tonight, we have effectively been in 88 00:04:32,360 --> 00:04:35,920 Speaker 5: a recessive market since twenty nineteen. We're in twenty twenty 89 00:04:36,000 --> 00:04:38,640 Speaker 5: three right now. So what we're saying, as we're seeing 90 00:04:38,640 --> 00:04:40,760 Speaker 5: the hiring freeze, Meta's done the same thing, and they're 91 00:04:40,800 --> 00:04:43,880 Speaker 5: also no longer going to be hiring five thousand more 92 00:04:43,960 --> 00:04:47,039 Speaker 5: jobs that they plan to. These companies have to cut 93 00:04:47,080 --> 00:04:49,320 Speaker 5: back and they're also having to find ways to be 94 00:04:49,400 --> 00:04:55,360 Speaker 5: more efficient in real time. Sadly enough, cutting these jobs 95 00:04:55,400 --> 00:04:57,240 Speaker 5: will allow the stock to go back up. But even 96 00:04:57,279 --> 00:04:59,119 Speaker 5: when I was talking to my brother yesterday, he was saying, 97 00:04:59,400 --> 00:05:00,640 Speaker 5: you know, you used to be able to find some 98 00:05:00,640 --> 00:05:03,520 Speaker 5: great deals on Amazon, but because of inflation, you are 99 00:05:03,560 --> 00:05:06,760 Speaker 5: not finding as many. Amazon is one of the top 100 00:05:06,800 --> 00:05:09,760 Speaker 5: picks in the Red Panther stock club. It's been hovering 101 00:05:09,800 --> 00:05:12,680 Speaker 5: around like ninety three to ninety seven for a while. 102 00:05:13,720 --> 00:05:16,600 Speaker 5: Maybe about another eight to thirteen months it should get 103 00:05:16,600 --> 00:05:19,400 Speaker 5: back to like one forty one eleven. But they need 104 00:05:19,440 --> 00:05:21,760 Speaker 5: to cut to more jobs, and then on the management side, 105 00:05:21,760 --> 00:05:23,000 Speaker 5: they need to do a hell of a lot better 106 00:05:23,080 --> 00:05:26,320 Speaker 5: job of being more efficient and getting their cost spaces 107 00:05:26,400 --> 00:05:29,120 Speaker 5: up in terms of net income in that revenue. 108 00:05:29,320 --> 00:05:31,400 Speaker 2: So this is sad because. 109 00:05:31,080 --> 00:05:32,440 Speaker 5: This is not going to be the last of it, 110 00:05:32,480 --> 00:05:35,719 Speaker 5: and this is why they're pushing AI at every angle 111 00:05:35,760 --> 00:05:38,560 Speaker 5: that they can GBT four was released. Microsoft not has 112 00:05:38,560 --> 00:05:42,359 Speaker 5: their version, but we're just seeing we're probably only like 113 00:05:42,360 --> 00:05:45,159 Speaker 5: in the middle of these job cuts for tech overall. 114 00:05:45,800 --> 00:05:48,240 Speaker 3: So what does this say about Amazon as far as 115 00:05:48,800 --> 00:05:53,000 Speaker 3: investing in the company, as far as their stock is concerned. 116 00:05:53,240 --> 00:05:55,000 Speaker 3: You know, as Amazon has been a company that you know, 117 00:05:55,040 --> 00:05:57,720 Speaker 3: we've talked about a lot as far as you know, 118 00:05:57,880 --> 00:06:01,200 Speaker 3: a good investment long term, is it still Is it 119 00:06:01,279 --> 00:06:02,560 Speaker 3: still a good investment? 120 00:06:02,960 --> 00:06:03,599 Speaker 2: Absolutely? 121 00:06:05,400 --> 00:06:08,400 Speaker 5: I seventy five and below, but anything above that right 122 00:06:08,400 --> 00:06:11,760 Speaker 5: now is And also it goes to back to Besis leadership. 123 00:06:12,320 --> 00:06:14,520 Speaker 5: We cannot say with Lebron, like we're kind of taking 124 00:06:14,600 --> 00:06:16,679 Speaker 5: Lebron for granted, even though like he's in his last 125 00:06:16,920 --> 00:06:20,120 Speaker 5: two to three years. We took Besis for granted for 126 00:06:20,160 --> 00:06:23,560 Speaker 5: a long time and he's a great executive, but Bezos 127 00:06:23,640 --> 00:06:26,960 Speaker 5: was a superstar, rock star level CEO that over delivered. 128 00:06:27,800 --> 00:06:29,159 Speaker 5: He may need to come back to that seat for 129 00:06:29,160 --> 00:06:31,559 Speaker 5: a couple of years to write to ship. 130 00:06:32,200 --> 00:06:34,880 Speaker 4: Yeah, and I think you said it and most people 131 00:06:34,880 --> 00:06:37,160 Speaker 4: will like maybe be confused by it, but yeah, these 132 00:06:37,240 --> 00:06:39,000 Speaker 4: layouts will probably mean that the doctor is going to 133 00:06:39,080 --> 00:06:41,400 Speaker 4: go up. And we had this conversation last week when 134 00:06:41,400 --> 00:06:43,680 Speaker 4: we were talking about salesforce when it was like, all right, 135 00:06:43,720 --> 00:06:46,200 Speaker 4: we need to really figure out where our spending is 136 00:06:46,279 --> 00:06:49,000 Speaker 4: and how we're going to cut spending. And one of 137 00:06:49,040 --> 00:06:51,880 Speaker 4: those things that they do is lay off employees. And 138 00:06:51,920 --> 00:06:53,560 Speaker 4: so when they lay off employees and now they have 139 00:06:53,600 --> 00:06:56,640 Speaker 4: more money to make business more efficient, it's it's a 140 00:06:57,520 --> 00:06:59,680 Speaker 4: sad effect, but it's a real effect. 141 00:07:00,680 --> 00:07:01,440 Speaker 2: Earners. What's up. 142 00:07:01,520 --> 00:07:04,000 Speaker 4: You ever walk into a small business and everything just 143 00:07:04,120 --> 00:07:07,320 Speaker 4: works like, the checkout is fast, the receipts are digital, 144 00:07:07,839 --> 00:07:10,840 Speaker 4: tipping is a breeze, and you're out the door before 145 00:07:10,840 --> 00:07:15,000 Speaker 4: the line even builds. Odds are they're using Square. We 146 00:07:15,160 --> 00:07:17,680 Speaker 4: love supporting businesses that run on Square because it just 147 00:07:17,720 --> 00:07:20,960 Speaker 4: feels seamless. Whether it's a local coffee shop, a vendor 148 00:07:21,000 --> 00:07:23,280 Speaker 4: at a pop up market, or even one of our 149 00:07:23,320 --> 00:07:26,960 Speaker 4: merch partners. Square makes it easy for them to take payments, 150 00:07:27,200 --> 00:07:30,920 Speaker 4: manage inventory, and run their business with confidence, all from 151 00:07:31,000 --> 00:07:34,400 Speaker 4: one simple system. If you're a business owner or even 152 00:07:34,520 --> 00:07:38,040 Speaker 4: just thinking about launching something soon, Square is hands down 153 00:07:38,040 --> 00:07:40,400 Speaker 4: one of the best tools out there to help you start, 154 00:07:40,760 --> 00:07:44,360 Speaker 4: run and grow. It's not just about payments, it's about 155 00:07:44,360 --> 00:07:46,800 Speaker 4: giving you time back so you can focus on what 156 00:07:46,960 --> 00:07:50,640 Speaker 4: matters most Ready to see how Square can transform your business. 157 00:07:50,880 --> 00:07:55,520 Speaker 4: Visit Square dot com backslash go backslash eyl to learn 158 00:07:55,560 --> 00:08:00,120 Speaker 4: more that Square dot com backslash go backslash eyl. Well, 159 00:08:00,240 --> 00:08:03,480 Speaker 4: don't wait, don't hesitate. Let Square handle the back end 160 00:08:03,640 --> 00:08:09,920 Speaker 4: so you can keep pushing your vision forward. This episode 161 00:08:09,960 --> 00:08:11,920 Speaker 4: is brought to you by P and C Bank. A 162 00:08:11,920 --> 00:08:14,880 Speaker 4: lot of people think podcasts about work are boring, and 163 00:08:15,080 --> 00:08:19,120 Speaker 4: sure they definitely can be, but understanding a professionals routine 164 00:08:19,200 --> 00:08:22,000 Speaker 4: shows us how they achieve their success little by little, 165 00:08:22,360 --> 00:08:26,000 Speaker 4: day after day. It's like banking with P and C Bank. 166 00:08:26,480 --> 00:08:29,280 Speaker 4: It might seem boring to safe plan and make calculated 167 00:08:29,320 --> 00:08:32,400 Speaker 4: decisions with your bank, but keeping your money boring is 168 00:08:32,440 --> 00:08:35,760 Speaker 4: what helps you live or more happily fulfilled life. P 169 00:08:35,880 --> 00:08:40,720 Speaker 4: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 170 00:08:40,760 --> 00:08:43,400 Speaker 4: Boring since eighteen sixty five is a service mark of 171 00:08:43,440 --> 00:08:46,679 Speaker 4: the PNC Financial Service Group, Inc. P and C Bank 172 00:08:47,080 --> 00:08:53,800 Speaker 4: National Association Member FDIC. Right of you know, cutting jobs, 173 00:08:54,080 --> 00:08:55,120 Speaker 4: you want to make more money? 174 00:08:55,480 --> 00:08:58,640 Speaker 3: Yeah, so you say you like you like it under 175 00:08:58,679 --> 00:09:02,920 Speaker 3: seventy five dollars correct correct? All right, Well, I think 176 00:09:02,960 --> 00:09:08,000 Speaker 3: it all also speaks to just making work more efficient, 177 00:09:08,440 --> 00:09:10,160 Speaker 3: and this can lead to a conversation. I don't know 178 00:09:10,160 --> 00:09:11,680 Speaker 3: if you guys seen it, but they've been pushing more 179 00:09:11,720 --> 00:09:16,120 Speaker 3: and more about this four day work week situation. More 180 00:09:16,160 --> 00:09:20,760 Speaker 3: and more companies are pushing towards that. And I had 181 00:09:20,800 --> 00:09:23,640 Speaker 3: a conversation to my barber. Shout out to Bubbs. I 182 00:09:23,679 --> 00:09:25,280 Speaker 3: was in the shop today and we was listening they 183 00:09:25,320 --> 00:09:27,880 Speaker 3: were talking about it on the radio. By the way, 184 00:09:28,240 --> 00:09:34,760 Speaker 3: appreciate that very important, very important. So this is my philosophy, right, 185 00:09:36,040 --> 00:09:37,480 Speaker 3: because he was asking me, like, do I think the 186 00:09:37,520 --> 00:09:39,480 Speaker 3: four day work week is a good idea? And I'm like, 187 00:09:39,840 --> 00:09:43,120 Speaker 3: I guess technically, but in our line of work, for instance, 188 00:09:43,800 --> 00:09:48,280 Speaker 3: it's an everyday work week, but it's done not traditionally. 189 00:09:48,760 --> 00:09:51,680 Speaker 3: So like the person that does our YouTube, right, his 190 00:09:51,760 --> 00:09:54,480 Speaker 3: name is Rich, shout out to him. I get up 191 00:09:54,480 --> 00:09:57,480 Speaker 3: in the morning and I'll give him like tasks for 192 00:09:57,520 --> 00:09:59,240 Speaker 3: the day. I try to do it before ten o'clock 193 00:09:59,679 --> 00:10:03,440 Speaker 3: and and he just has to do it at some 194 00:10:03,520 --> 00:10:06,559 Speaker 3: point in time, so he could potentially do it before 195 00:10:06,679 --> 00:10:10,319 Speaker 3: one o'clock, before twelve o'clock, anything, right, and then you're 196 00:10:10,360 --> 00:10:14,600 Speaker 3: done for today. But we need to post content every 197 00:10:14,640 --> 00:10:19,400 Speaker 3: single day, so that to me, that type of hybrid 198 00:10:19,600 --> 00:10:24,400 Speaker 3: approach is what we're going into right going into the 199 00:10:24,440 --> 00:10:27,320 Speaker 3: office and clocking it at nine o'clock and wasting time 200 00:10:27,480 --> 00:10:30,200 Speaker 3: and leaving at five point thirty. Like those days are over. 201 00:10:30,200 --> 00:10:34,000 Speaker 3: I feel like you have tasks that you have to 202 00:10:34,080 --> 00:10:38,240 Speaker 3: have to be completed. You can complete those tasks from anywhere. 203 00:10:38,800 --> 00:10:40,440 Speaker 3: You can do a zoom call if you need to 204 00:10:40,480 --> 00:10:43,040 Speaker 3: have a conference, or you can just call somebody if 205 00:10:43,040 --> 00:10:44,720 Speaker 3: you need to talk to somebody and don't need to 206 00:10:44,880 --> 00:10:48,800 Speaker 3: physically be there. So that cuts overhead as far as 207 00:10:49,559 --> 00:10:51,560 Speaker 3: and this goes back to the commercial real estate play. 208 00:10:51,800 --> 00:10:54,400 Speaker 3: That cuts overhead as far as office is concerned, but 209 00:10:54,480 --> 00:10:56,640 Speaker 3: it also cuts the amount of people that you need 210 00:10:56,679 --> 00:10:59,240 Speaker 3: as well, because you realize you don't really need that 211 00:10:59,360 --> 00:11:02,320 Speaker 3: many people. A lot of people are getting paid to 212 00:11:02,320 --> 00:11:06,680 Speaker 3: do nothing. So trim the fat extremely important. And not 213 00:11:06,760 --> 00:11:10,480 Speaker 3: to call people fat because we are sensitive that people 214 00:11:10,520 --> 00:11:13,600 Speaker 3: are getting laid off. Nobody wants to see anybody lose 215 00:11:13,640 --> 00:11:16,720 Speaker 3: their job. But I'm just saying as far as moving forward, 216 00:11:17,240 --> 00:11:20,560 Speaker 3: I feel like more and more companies will look to 217 00:11:20,640 --> 00:11:25,000 Speaker 3: see how you can get more efficiency from your employees. 218 00:11:25,679 --> 00:11:28,480 Speaker 3: And in my opinion, that's from the employees staying at 219 00:11:28,480 --> 00:11:31,480 Speaker 3: home having tasks that they have to be completed. It 220 00:11:31,480 --> 00:11:33,120 Speaker 3: doesn't matter when you can do the task at one 221 00:11:33,120 --> 00:11:35,440 Speaker 3: o'clock in the morning if you want, just do the task. 222 00:11:36,280 --> 00:11:40,520 Speaker 3: And that's the new working model in my opinion. 223 00:11:41,000 --> 00:11:42,960 Speaker 5: And I'll chime in really quickly and tell a very 224 00:11:43,280 --> 00:11:46,120 Speaker 5: soft truth that most people need to hear the four 225 00:11:46,160 --> 00:11:48,920 Speaker 5: hour work week proposition that's being done and efficiency is 226 00:11:48,960 --> 00:11:51,000 Speaker 5: going to be slung around so they don't have to 227 00:11:51,000 --> 00:11:53,600 Speaker 5: give us full time benefits because they're not going to 228 00:11:53,640 --> 00:11:55,920 Speaker 5: have most people work. If you are at eight hours 229 00:11:55,960 --> 00:12:00,400 Speaker 5: a day, Hello Michael, and you're working for this, you're 230 00:12:00,440 --> 00:12:03,480 Speaker 5: going to be at thirty two hours, they don't have 231 00:12:03,600 --> 00:12:05,480 Speaker 5: to then give you full time. And I'm seeing this 232 00:12:05,559 --> 00:12:08,160 Speaker 5: happen with some people right now, like they'll put you 233 00:12:08,240 --> 00:12:10,280 Speaker 5: right up to like thirty eight and a half thirty 234 00:12:10,360 --> 00:12:14,160 Speaker 5: nine hours to avoid forty hours. 235 00:12:13,840 --> 00:12:15,319 Speaker 2: Plus and giving you four benefits. 236 00:12:16,240 --> 00:12:19,480 Speaker 5: So please be careful as they are pushing this initiative 237 00:12:19,520 --> 00:12:22,200 Speaker 5: of a four day week work week, that you don't 238 00:12:22,240 --> 00:12:24,280 Speaker 5: get caught in that trap of them trying to lower 239 00:12:24,320 --> 00:12:28,560 Speaker 5: your benefits or your pay and then subconsciously or subtly 240 00:12:28,600 --> 00:12:32,719 Speaker 5: in corporate forcing you to do more while giving you less. 241 00:12:34,240 --> 00:12:37,680 Speaker 3: Yeah, and you see in France that well you should 242 00:12:37,720 --> 00:12:39,959 Speaker 3: do you should get Well, well, what did you say, 243 00:12:40,000 --> 00:12:44,880 Speaker 3: you said, I'm about anyway, nodada, you said, I'm just 244 00:12:44,880 --> 00:12:45,199 Speaker 3: showing that. 245 00:12:45,400 --> 00:12:46,600 Speaker 2: I just want to declare what you said. 246 00:12:46,720 --> 00:12:51,680 Speaker 3: You said, be careful that they don't give you lessen 247 00:12:51,679 --> 00:12:53,280 Speaker 3: doing less for doing less. 248 00:12:53,520 --> 00:12:55,640 Speaker 2: You should get less. You should get less for doing less. 249 00:12:55,720 --> 00:12:57,520 Speaker 5: But what they're going to do because and the truth 250 00:12:57,640 --> 00:13:00,520 Speaker 5: is like they've ruined our economy. And then like notice, 251 00:13:00,559 --> 00:13:02,920 Speaker 5: whenever the banks collapse, which is a sign of a recession, 252 00:13:03,800 --> 00:13:06,520 Speaker 5: they have to bail our banks because mask consolidation is 253 00:13:06,520 --> 00:13:09,800 Speaker 5: an easy way to form a quiet monopoly. They always 254 00:13:09,880 --> 00:13:13,920 Speaker 5: end up blaming the people for destroying the economy. 255 00:13:14,040 --> 00:13:16,400 Speaker 2: It wasn't the workforce that caused. 256 00:13:16,040 --> 00:13:21,520 Speaker 5: The collapse of SVB or FTX or bitcoin imploding from 257 00:13:21,600 --> 00:13:24,840 Speaker 5: sixty down to twenty thousand, but we'll talk about bitcoin later. 258 00:13:25,400 --> 00:13:27,800 Speaker 5: It wasn't the consumers that did that. It was the 259 00:13:27,920 --> 00:13:31,760 Speaker 5: organizations and leadership that did that. But then, and always watch, 260 00:13:32,320 --> 00:13:35,480 Speaker 5: even in the SVB thing, they're going to start to 261 00:13:35,480 --> 00:13:37,960 Speaker 5: put some of this on black entrepreneurs and say that 262 00:13:38,040 --> 00:13:40,280 Speaker 5: they were giving risky loans and they didn't meet a 263 00:13:40,320 --> 00:13:43,120 Speaker 5: certain risk profile, which reminds me a lot of to 264 00:13:43,679 --> 00:13:46,199 Speaker 5: And for those of you who don't know, when the housing 265 00:13:46,280 --> 00:13:48,960 Speaker 5: market collapsed, it wasn't because blacks. 266 00:13:48,679 --> 00:13:50,280 Speaker 2: And Latin's got two and three houses. 267 00:13:51,559 --> 00:13:55,000 Speaker 5: That wasn't it. We didn't have any credit to false 268 00:13:55,040 --> 00:13:58,280 Speaker 5: swaps options on these investments. 269 00:13:58,360 --> 00:13:58,520 Speaker 2: Right. 270 00:13:58,559 --> 00:14:00,200 Speaker 5: It was hard enough for us to open up a 271 00:14:00,240 --> 00:14:02,520 Speaker 5: brokerage in two thousand and eight. But you want to 272 00:14:02,559 --> 00:14:05,760 Speaker 5: make me think that we imploded a global market. But 273 00:14:05,800 --> 00:14:08,280 Speaker 5: when they were putting exotic triangs together and selling them 274 00:14:08,320 --> 00:14:12,280 Speaker 5: off in Germany and Ukraine and Russia and traded them 275 00:14:12,320 --> 00:14:16,360 Speaker 5: lack option derivatives, the consumer always get blamed and we 276 00:14:16,400 --> 00:14:19,040 Speaker 5: always always get blamed, us on the black consumer side. 277 00:14:19,080 --> 00:14:23,000 Speaker 5: So yes, we want to make things more efficient, but 278 00:14:23,120 --> 00:14:24,880 Speaker 5: I also don't want us to take the blame for 279 00:14:24,960 --> 00:14:28,120 Speaker 5: this market falling apart when we did not cause that crash. 280 00:14:28,560 --> 00:14:29,720 Speaker 2: That's important. That's a fact. 281 00:14:31,720 --> 00:14:36,960 Speaker 3: My graduates from my school being forced back drop drop 282 00:14:37,600 --> 00:14:39,880 Speaker 3: Mike drop backdrop. 283 00:14:50,320 --> 00:14:54,000 Speaker 1: An illegal alien from Guatemala charged with raping a child 284 00:14:54,000 --> 00:14:57,800 Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador 285 00:14:58,080 --> 00:15:02,680 Speaker 1: accused of murdering a Texas of Venezuelan charged with filming 286 00:15:02,760 --> 00:15:06,520 Speaker 1: and selling child pornography in Michigan. These are just some 287 00:15:06,680 --> 00:15:10,480 Speaker 1: of the heinous migrant criminals caught because of President Donald J. 288 00:15:10,560 --> 00:15:14,360 Speaker 1: Trump's leadership. I'm Christy nom the United States Secretary of 289 00:15:14,400 --> 00:15:19,200 Speaker 1: Homeland Security. Under President Trump, attempted illegal border crossings are 290 00:15:19,240 --> 00:15:22,600 Speaker 1: at the lowest levels ever recorded, and over one hundred 291 00:15:22,640 --> 00:15:26,520 Speaker 1: thousand illegal aliens have been arrested. If you are here illegally, 292 00:15:27,040 --> 00:15:30,320 Speaker 1: your next you will be fine nearly one thousand dollars 293 00:15:30,400 --> 00:15:34,520 Speaker 1: a day, imprisoned and deported, you will never return. But 294 00:15:34,600 --> 00:15:38,160 Speaker 1: if you register using our CBP home app and leave now, 295 00:15:38,520 --> 00:15:41,600 Speaker 1: you could be allowed to return legally. Do what's right. 296 00:15:42,200 --> 00:15:47,720 Speaker 1: Leave now. Under President Trump, America's laws, border and families. 297 00:15:47,320 --> 00:15:49,720 Speaker 2: Will be protected. Sponsored by the United States Department of 298 00:15:49,760 --> 00:15:50,360 Speaker 2: Homeland Security.