1 00:00:01,520 --> 00:00:03,840 Speaker 1: We are going to continue to try to make sense 2 00:00:04,280 --> 00:00:07,440 Speaker 1: of the economy right now, of the markets in the 3 00:00:07,480 --> 00:00:10,479 Speaker 1: midst of a lot of chaos, a lot of noise 4 00:00:10,560 --> 00:00:13,039 Speaker 1: in the media, a lot of noise from naysayers as 5 00:00:13,039 --> 00:00:15,960 Speaker 1: well as always on this podcast. 6 00:00:15,480 --> 00:00:17,080 Speaker 2: We're just going to try to get you the truth. 7 00:00:17,720 --> 00:00:19,919 Speaker 2: That's what we do here On the Truth with Lisa Booth. 8 00:00:20,720 --> 00:00:22,160 Speaker 2: So today we'll have someone on. 9 00:00:22,079 --> 00:00:25,079 Speaker 1: Who I trust, who I turn to for advice, who 10 00:00:25,120 --> 00:00:27,160 Speaker 1: when I see him on TV I stop to listen. 11 00:00:27,760 --> 00:00:30,560 Speaker 1: His name is Charles Pain. You know him as the 12 00:00:30,600 --> 00:00:33,400 Speaker 1: host of Making Money with Charles Pain on Fox Business. 13 00:00:33,800 --> 00:00:36,320 Speaker 1: But besides that, he doesn't just play a financial expert 14 00:00:36,360 --> 00:00:39,240 Speaker 1: on TV. He's a veteran in the industry. He started 15 00:00:39,240 --> 00:00:41,960 Speaker 1: his time on Wall Street in nineteen eighty five. In 16 00:00:42,040 --> 00:00:44,720 Speaker 1: nineteen eighty one, he started Wall Street Strategy as a 17 00:00:44,760 --> 00:00:48,560 Speaker 1: stock market research firm. So this is the guy who eats, sleeps, 18 00:00:48,640 --> 00:00:51,160 Speaker 1: and breathes this stuff for a living. 19 00:00:51,720 --> 00:00:53,800 Speaker 2: He brings a wealth of insight to the table. 20 00:00:54,600 --> 00:00:57,800 Speaker 1: So we're going to dive in to get his take. 21 00:00:58,440 --> 00:01:01,480 Speaker 1: Dive in on President Trump's tariff strategy, it's impact on 22 00:01:01,520 --> 00:01:04,240 Speaker 1: the markets and the economy, and what it means for 23 00:01:04,280 --> 00:01:07,399 Speaker 1: investors in both the short term and the long term. 24 00:01:07,760 --> 00:01:10,120 Speaker 1: I mean, most importantly, I'm gonna ask him what should 25 00:01:10,200 --> 00:01:13,400 Speaker 1: you do? What should we all do right now as 26 00:01:13,440 --> 00:01:17,520 Speaker 1: the markets continue to move and to shake. Plus, we'll 27 00:01:17,560 --> 00:01:20,840 Speaker 1: explore his journey to television and also his latest book, 28 00:01:20,920 --> 00:01:25,119 Speaker 1: Unbreakable Investor. I've always wondered how did he jump from 29 00:01:25,120 --> 00:01:28,440 Speaker 1: Wall Street to television, So we'll dig into all that 30 00:01:28,560 --> 00:01:30,840 Speaker 1: with my friend and colleague Charles Pain. 31 00:01:36,520 --> 00:01:38,560 Speaker 2: Well, Charles Pain, it's an honor to have you on 32 00:01:38,600 --> 00:01:43,360 Speaker 2: this show. Obviously, there's a lot of chaos. 33 00:01:42,920 --> 00:01:45,640 Speaker 1: Going on right now, and I always stop and listen 34 00:01:45,640 --> 00:01:48,160 Speaker 1: to you when you are on TV because you are calm, 35 00:01:48,200 --> 00:01:51,120 Speaker 1: You're measured, and we need that and we need your 36 00:01:51,160 --> 00:01:53,960 Speaker 1: wisdom right now. So it's an honor to have you on. 37 00:01:54,000 --> 00:01:55,400 Speaker 1: I really appreciate you making the time. 38 00:01:55,960 --> 00:01:57,720 Speaker 3: Thank you, Lisa. You know you've always been one of 39 00:01:57,760 --> 00:01:58,320 Speaker 3: my favorites. 40 00:01:58,800 --> 00:02:01,120 Speaker 1: Well, I feel the same about you, and you're so 41 00:02:01,120 --> 00:02:03,320 Speaker 1: smart and like you don't I don't think i've ever 42 00:02:03,360 --> 00:02:06,320 Speaker 1: seen you don't freak out, which is probably why you've 43 00:02:06,320 --> 00:02:09,960 Speaker 1: been so successful in all this. But also what we 44 00:02:10,000 --> 00:02:13,760 Speaker 1: need in this current environment, I guess like, Okay, so 45 00:02:13,919 --> 00:02:16,480 Speaker 1: sort of just big picture. Could you sort of give 46 00:02:16,520 --> 00:02:19,839 Speaker 1: us some perspective. What do you see right now when 47 00:02:19,840 --> 00:02:22,080 Speaker 1: you're looking at the markets and you're looking at the 48 00:02:22,080 --> 00:02:23,000 Speaker 1: economy right now. 49 00:02:24,160 --> 00:02:26,920 Speaker 3: And it's interesting because there are two separate things right now. 50 00:02:27,520 --> 00:02:30,120 Speaker 3: You know, in Wall Street, there's there's these things that 51 00:02:30,240 --> 00:02:34,239 Speaker 3: call soft data, mostly surveys, and then things called hard 52 00:02:34,320 --> 00:02:38,639 Speaker 3: data like corporate earnings reports and things like that. And 53 00:02:38,720 --> 00:02:41,639 Speaker 3: so what's really amazing to me is this this phenomenon 54 00:02:41,680 --> 00:02:44,160 Speaker 3: that we're living through right now. We've never seen anything 55 00:02:44,240 --> 00:02:48,680 Speaker 3: like this. It's the amount of negative news stories that 56 00:02:48,720 --> 00:02:52,880 Speaker 3: have been put out there. It supersedes nine to eleven, 57 00:02:53,280 --> 00:02:56,840 Speaker 3: supersedes the global financial crisis, supersedes all kinds of all 58 00:02:56,960 --> 00:03:01,720 Speaker 3: kinds of really much more serious issues struck global financial issues. 59 00:03:02,480 --> 00:03:05,440 Speaker 3: And so we've been set up, the market has been 60 00:03:05,480 --> 00:03:07,720 Speaker 3: set up sort of to be on this nervous perch 61 00:03:08,480 --> 00:03:11,800 Speaker 3: because Lisa, we have a correction when the market pulls 62 00:03:11,840 --> 00:03:14,480 Speaker 3: back ten percent on average every year in the last 63 00:03:14,520 --> 00:03:16,240 Speaker 3: one hundred years, We've had one hundred and five of 64 00:03:16,280 --> 00:03:19,120 Speaker 3: them something like that. We have corrections when the market 65 00:03:19,120 --> 00:03:22,480 Speaker 3: pulls back twenty percent almost every four to five years, 66 00:03:22,520 --> 00:03:25,280 Speaker 3: five to six years in that area. So all this stuff. 67 00:03:25,320 --> 00:03:27,880 Speaker 3: Typically coming into the year, people would have said, we're 68 00:03:27,960 --> 00:03:31,480 Speaker 3: kind of due for these pullbacks or corrections, but they 69 00:03:31,520 --> 00:03:36,280 Speaker 3: have fanned of flames of fear and really, listen, be honest, 70 00:03:36,280 --> 00:03:40,520 Speaker 3: it's all about anti Trump media agenda. So that's the backdrop. 71 00:03:41,600 --> 00:03:46,800 Speaker 3: Everyone's nervous, everyone's more afraid than normal, and that means overreactions, 72 00:03:47,120 --> 00:03:50,360 Speaker 3: and it's been mostly overreactions to soft data. We got 73 00:03:50,360 --> 00:03:53,320 Speaker 3: the job support came in better than expected. It doesn't matter. 74 00:03:53,400 --> 00:03:55,360 Speaker 3: The next one is going to be bad. This morning 75 00:03:55,440 --> 00:03:58,960 Speaker 3: we got Delta Airlines great earning support. Don't worry, they're 76 00:03:59,000 --> 00:04:00,920 Speaker 3: afraid to give us. Guy, it's going to be bad 77 00:04:00,920 --> 00:04:03,600 Speaker 3: in the future. So this is what we're dealing with. 78 00:04:03,640 --> 00:04:06,680 Speaker 3: And unfortunately, when you get these things, they become sort 79 00:04:06,680 --> 00:04:09,760 Speaker 3: of a snowball, and they can become a boulder salt. 80 00:04:09,840 --> 00:04:12,400 Speaker 3: Data can become hard data when everyone gets afraid to 81 00:04:12,520 --> 00:04:15,920 Speaker 3: become self fulfilling. And so yet I freak out over 82 00:04:15,960 --> 00:04:18,159 Speaker 3: the way this thing has been messaged, but I know 83 00:04:18,200 --> 00:04:20,560 Speaker 3: it's been deliberate. And what I don't like, Lisa, is 84 00:04:20,600 --> 00:04:24,040 Speaker 3: that I think people who sell in a panic, particularly 85 00:04:24,120 --> 00:04:27,119 Speaker 3: taking losses, I think they've been regretted a year from now, 86 00:04:27,360 --> 00:04:30,320 Speaker 3: three years from now, five years from now, and so 87 00:04:30,480 --> 00:04:33,479 Speaker 3: I'm really spended by the coverage. Listen, obviously you want 88 00:04:33,480 --> 00:04:36,560 Speaker 3: to talk about risk anytime someone wants to do what 89 00:04:36,960 --> 00:04:39,919 Speaker 3: President Trump is talking about, which is sort of up 90 00:04:40,080 --> 00:04:42,200 Speaker 3: ending a system that's been in place for a while. 91 00:04:42,600 --> 00:04:45,520 Speaker 3: But while it's been in place, we have our foundation 92 00:04:45,600 --> 00:04:48,960 Speaker 3: beneath us has been eroding, you know. 93 00:04:49,800 --> 00:04:52,160 Speaker 2: And that's the thing is right, like we're saying, which 94 00:04:52,200 --> 00:04:52,599 Speaker 2: is why. 95 00:04:52,440 --> 00:04:54,040 Speaker 1: I wanted to have you on the show, and which 96 00:04:54,040 --> 00:04:56,000 Speaker 1: is why you're so good at this is being able 97 00:04:56,080 --> 00:04:58,760 Speaker 1: to kind of like look deeper into everything and really 98 00:04:59,720 --> 00:05:01,880 Speaker 1: you know, to try to get an honest assessment of 99 00:05:01,920 --> 00:05:03,320 Speaker 1: what's really going on right now. 100 00:05:03,440 --> 00:05:05,400 Speaker 2: And so with all that, you know. 101 00:05:05,320 --> 00:05:07,560 Speaker 1: It's hard for people like me who don't do this 102 00:05:07,600 --> 00:05:09,560 Speaker 1: for a living of trying to figure out like how 103 00:05:09,600 --> 00:05:14,720 Speaker 1: bad are things right now? How manufactured is it? You know, 104 00:05:15,160 --> 00:05:17,479 Speaker 1: and so how how bad You don't give us some perspective, 105 00:05:17,520 --> 00:05:19,080 Speaker 1: how bad are things are? 106 00:05:19,080 --> 00:05:20,920 Speaker 2: They bad? I know, you kind of got into the 107 00:05:21,000 --> 00:05:22,359 Speaker 2: soft data and the hard data. 108 00:05:24,000 --> 00:05:27,600 Speaker 3: That's the irony. That's the irony. They're not bad yet, right, 109 00:05:27,880 --> 00:05:31,000 Speaker 3: So the market is building in a worst case scenario 110 00:05:32,000 --> 00:05:35,440 Speaker 3: and this is why it's again it's frustrating because sometimes 111 00:05:35,880 --> 00:05:39,160 Speaker 3: the markets can can create a worst case scenario. Give 112 00:05:39,200 --> 00:05:42,120 Speaker 3: you an example, coming into the year. For the last 113 00:05:42,160 --> 00:05:44,320 Speaker 3: couple of years, the top ten percent of Americans have 114 00:05:44,360 --> 00:05:47,480 Speaker 3: been doing fifty percent of the shopping because most families 115 00:05:47,480 --> 00:05:49,839 Speaker 3: are in their own personal recessions already. That's why we 116 00:05:49,839 --> 00:05:52,440 Speaker 3: got the election outcome that we got. But as the 117 00:05:52,480 --> 00:05:55,880 Speaker 3: market pulls back those top ten people a percentage rather 118 00:05:56,240 --> 00:05:58,320 Speaker 3: even though they're well off, they're going to pull back 119 00:05:58,320 --> 00:06:01,680 Speaker 3: their spending and so you may see you know, more 120 00:06:01,760 --> 00:06:06,000 Speaker 3: recessinary science and future data. Again that's manufactured by the 121 00:06:06,040 --> 00:06:08,960 Speaker 3: fact that they didn't run out of money, it's just 122 00:06:09,000 --> 00:06:12,760 Speaker 3: that they're becoming antsy. So this antsiness can create a problem. 123 00:06:12,839 --> 00:06:15,159 Speaker 3: But if you say, at this very moment, what data 124 00:06:15,160 --> 00:06:17,039 Speaker 3: can I point to this as the economy is a 125 00:06:17,080 --> 00:06:20,120 Speaker 3: bad shape. None, I can point to a lot of 126 00:06:20,200 --> 00:06:22,960 Speaker 3: data that can show that, you know, we were weakening, 127 00:06:23,000 --> 00:06:25,280 Speaker 3: that people have spent maxed out their credit cards and 128 00:06:25,320 --> 00:06:28,279 Speaker 3: things like that. But as Americans, we live with maxed 129 00:06:28,279 --> 00:06:30,520 Speaker 3: out credit cards, right, Some people do that for the 130 00:06:30,680 --> 00:06:36,160 Speaker 3: entire lives. And that's the frustrating part. That's the guessing part. Unfortunately, 131 00:06:36,200 --> 00:06:40,040 Speaker 3: the markets are are right now reacting negative, negatively to anything. 132 00:06:40,800 --> 00:06:43,240 Speaker 3: And there's an old saying on Wall Street selling the 133 00:06:43,320 --> 00:06:45,960 Speaker 3: gas selling, it's sort of sometimes you sell because the 134 00:06:45,960 --> 00:06:47,960 Speaker 3: person next to you sold, and then the person next 135 00:06:47,960 --> 00:06:50,920 Speaker 3: to you was sell. It's it's it's it's the same 136 00:06:50,920 --> 00:06:53,280 Speaker 3: thing on the upside. But you've seen markets where they 137 00:06:53,320 --> 00:06:55,279 Speaker 3: just go up and go up and go up, and 138 00:06:55,320 --> 00:06:57,599 Speaker 3: people chase them because, you know what, they think they're 139 00:06:57,600 --> 00:06:59,960 Speaker 3: going to keep going up. So this is an irrational 140 00:07:00,880 --> 00:07:03,840 Speaker 3: emotional period for the market where we don't have all 141 00:07:03,839 --> 00:07:06,640 Speaker 3: the answers and the default is to sell first, ask 142 00:07:06,800 --> 00:07:08,600 Speaker 3: questions later, or get answers later. 143 00:07:09,520 --> 00:07:11,920 Speaker 1: Yeah, I think the issue, you know, So okay, so 144 00:07:12,080 --> 00:07:14,000 Speaker 1: I see what President Trump is trying to do in 145 00:07:14,040 --> 00:07:17,280 Speaker 1: the long term in bringing manufacturing here to the United States, 146 00:07:17,880 --> 00:07:22,080 Speaker 1: trying to make us more self reliant, self sufficient. 147 00:07:23,120 --> 00:07:23,320 Speaker 3: You know. 148 00:07:23,320 --> 00:07:25,320 Speaker 1: But the issue is time on a lot of these things, 149 00:07:25,400 --> 00:07:27,400 Speaker 1: right like even you know, I mean, you know, this 150 00:07:27,440 --> 00:07:30,280 Speaker 1: will probably be less complicated than even looking at bilateral 151 00:07:30,280 --> 00:07:33,160 Speaker 1: free trade agreements, but you know those can average around 152 00:07:33,240 --> 00:07:37,080 Speaker 1: one point five years to develop through period of time 153 00:07:37,120 --> 00:07:40,560 Speaker 1: even manufacturing plants getting them running, even if you retrofit. 154 00:07:40,680 --> 00:07:45,080 Speaker 1: It takes time, you know, so we don't have as 155 00:07:45,160 --> 00:07:47,720 Speaker 1: much time, especially Republicans looking ahead. 156 00:07:47,520 --> 00:07:48,240 Speaker 2: At the midterms. 157 00:07:48,280 --> 00:07:51,000 Speaker 1: You know, he did promise this golden age in his term, 158 00:07:52,040 --> 00:07:54,920 Speaker 1: so can can he bake some of these long term 159 00:07:55,000 --> 00:07:58,960 Speaker 1: changes without sacrificing sort of this this short term, this 160 00:07:59,120 --> 00:08:00,880 Speaker 1: four year period of golden age? 161 00:08:01,920 --> 00:08:03,720 Speaker 3: You know. I mean, listen, if you were to build 162 00:08:03,960 --> 00:08:07,120 Speaker 3: the world's most magnificent skyscraper, first should have to dig 163 00:08:07,160 --> 00:08:10,640 Speaker 3: a big hole for the foundation. You know, it's it's 164 00:08:10,680 --> 00:08:13,040 Speaker 3: it's I think that what they have to do. And again, 165 00:08:13,080 --> 00:08:16,440 Speaker 3: this is where it's interesting to study William McKinley's presidency. 166 00:08:17,320 --> 00:08:19,480 Speaker 3: So I think they just have to get the ball rolling. 167 00:08:20,080 --> 00:08:24,080 Speaker 3: Uh uh. You know, we don't have to change have 168 00:08:24,680 --> 00:08:28,320 Speaker 3: change the entire thing overnight. It's sort of unrealistic to 169 00:08:28,360 --> 00:08:30,400 Speaker 3: think all these factories will be built in the next 170 00:08:30,400 --> 00:08:33,240 Speaker 3: two to four years. But we can see the permitting, 171 00:08:33,280 --> 00:08:35,000 Speaker 3: We could see some of the cranes put in place 172 00:08:35,880 --> 00:08:40,480 Speaker 3: right now. We've been you know, America's worst problem right 173 00:08:40,480 --> 00:08:43,000 Speaker 3: now is that we can't we don't we can't accept 174 00:08:43,000 --> 00:08:47,000 Speaker 3: any pain whatsoever. If it's emotional pain, you can you know, 175 00:08:47,080 --> 00:08:49,120 Speaker 3: go online or get an app. You know, listen to 176 00:08:49,559 --> 00:08:52,120 Speaker 3: ocean music. If it's physical pain, you could pop a 177 00:08:52,200 --> 00:08:54,920 Speaker 3: pill or smoke something. We don't. We don't even understand 178 00:08:54,960 --> 00:08:57,000 Speaker 3: the notion, not even to lose weight anymore. Right, you 179 00:08:57,000 --> 00:08:58,560 Speaker 3: don't have to go to the gym. A duke crunches. 180 00:08:59,240 --> 00:09:02,840 Speaker 3: So we don't even understand that issue. And it's really 181 00:09:02,840 --> 00:09:04,719 Speaker 3: going to hurt us longer term because they're going to 182 00:09:04,720 --> 00:09:06,600 Speaker 3: be something other things like you know, when it comes 183 00:09:06,600 --> 00:09:11,000 Speaker 3: to military uh uh and Taiwan eventually having to protect them. 184 00:09:11,200 --> 00:09:12,839 Speaker 3: You know, I don't think we'll be able to be 185 00:09:12,920 --> 00:09:16,120 Speaker 3: up to snuff to do it. But so messaging is 186 00:09:16,160 --> 00:09:19,600 Speaker 3: important for Trump and a Trump administration. And but when 187 00:09:19,600 --> 00:09:21,760 Speaker 3: people tell me we can't build a factory over nine ID, 188 00:09:21,800 --> 00:09:24,320 Speaker 3: I know we can't. That's not the point. The point 189 00:09:24,400 --> 00:09:27,160 Speaker 3: is China. Look up, Look up Google, if you get 190 00:09:27,160 --> 00:09:31,800 Speaker 3: a chance, new cities in China. They're building cities. They 191 00:09:31,920 --> 00:09:36,040 Speaker 3: they're completing the tallest bridge in the world. That just 192 00:09:36,120 --> 00:09:39,640 Speaker 3: the things that're going so magnificent. The only thing that 193 00:09:39,679 --> 00:09:42,800 Speaker 3: we build that's magnificent right now our football stadiums. We 194 00:09:42,880 --> 00:09:47,360 Speaker 3: build great football stadiums, right, but those aren't We're not 195 00:09:47,600 --> 00:09:50,800 Speaker 3: We're not investing in our children's futures. We're not investing 196 00:09:50,840 --> 00:09:53,400 Speaker 3: in our own futures. Since two thousand and nine, our 197 00:09:53,440 --> 00:09:56,280 Speaker 3: country made a decided shift. We're going to become in 198 00:09:56,320 --> 00:10:00,480 Speaker 3: this nation. It's called financialization, and everything was going to 199 00:10:00,520 --> 00:10:03,240 Speaker 3: be about money, making more money, all these new fangled 200 00:10:03,280 --> 00:10:06,000 Speaker 3: products from Wall Street. And that's essentially what we've done. 201 00:10:06,200 --> 00:10:11,280 Speaker 3: We've created four economic classes, the educated elite. The next 202 00:10:11,320 --> 00:10:14,280 Speaker 3: class are the barista class that served them. We have 203 00:10:14,320 --> 00:10:17,120 Speaker 3: a service economy all while we got a few blue 204 00:10:17,160 --> 00:10:19,319 Speaker 3: collar jobs left. And then after that, I call it 205 00:10:19,400 --> 00:10:22,520 Speaker 3: the play catered poor. They get enough government assistance that 206 00:10:22,520 --> 00:10:27,360 Speaker 3: they don't rebel against the system. That's unsustainable. What we're 207 00:10:27,360 --> 00:10:30,000 Speaker 3: talking about, there's unsustainable. That's how great empires in the 208 00:10:30,000 --> 00:10:35,120 Speaker 3: past have fallen down right in part so I get frustrated. 209 00:10:35,200 --> 00:10:36,880 Speaker 3: Someone said, we can't build a factory of a night. No, 210 00:10:36,960 --> 00:10:38,880 Speaker 3: we can't, but we can. We can put a stake 211 00:10:38,920 --> 00:10:42,160 Speaker 3: in the ground tomorrow. We can do the groundbreaking tomorrow. 212 00:10:42,200 --> 00:10:44,360 Speaker 3: We can we can sign off on all the regulations. 213 00:10:44,440 --> 00:10:46,599 Speaker 3: In fact, we need to get rid of all these regulations, 214 00:10:47,080 --> 00:10:49,600 Speaker 3: these barriers. Right. We can do those sort of things 215 00:10:49,640 --> 00:10:52,000 Speaker 3: and get the ball rolling. I think if Republicans can 216 00:10:52,040 --> 00:10:55,880 Speaker 3: show that the ball is rolling, that that's what they 217 00:10:55,920 --> 00:10:58,240 Speaker 3: need to do. You know, maybe by the midterms. It 218 00:10:58,320 --> 00:11:00,480 Speaker 3: certainly of the four years, and we'll have some actories 219 00:11:00,520 --> 00:11:03,600 Speaker 3: built again. We built some hellified football stadiums in less 220 00:11:03,600 --> 00:11:04,800 Speaker 3: than four years. 221 00:11:06,040 --> 00:11:09,080 Speaker 1: You know, why do you think President Trump is doing this? 222 00:11:09,240 --> 00:11:11,199 Speaker 1: You know, what do you think is overall objective? 223 00:11:11,320 --> 00:11:11,400 Speaker 3: Is? 224 00:11:12,240 --> 00:11:13,000 Speaker 2: How do you see it? 225 00:11:13,880 --> 00:11:18,400 Speaker 3: Well? I do a special report once a week. I 226 00:11:18,400 --> 00:11:20,480 Speaker 3: do I write every single day for my clients, but 227 00:11:20,559 --> 00:11:22,880 Speaker 3: I do one a weekly called Pain's Perspective. It is 228 00:11:22,960 --> 00:11:25,920 Speaker 3: usually twenty pages long. And this one I featured in 229 00:11:25,960 --> 00:11:28,599 Speaker 3: a one ad that Trump had taken out in the 230 00:11:28,600 --> 00:11:31,960 Speaker 3: New York Times in nineteen eighty seven that said, talked 231 00:11:31,960 --> 00:11:35,200 Speaker 3: about our defensive our defense preparedness, and he said, the 232 00:11:35,200 --> 00:11:37,200 Speaker 3: only reason we haven't done it as a nation is 233 00:11:37,200 --> 00:11:40,240 Speaker 3: we don't have the backbone. I mean, think about our 234 00:11:40,240 --> 00:11:43,440 Speaker 3: conversation already. We immediately talk about how Republicans can get 235 00:11:43,480 --> 00:11:46,360 Speaker 3: re elected. Well, if that's the only thing our politicians 236 00:11:46,360 --> 00:11:49,760 Speaker 3: are focused on, will never be prepared because that means 237 00:11:49,880 --> 00:11:52,600 Speaker 3: politicians have to go to DC and bring back home 238 00:11:52,600 --> 00:11:54,640 Speaker 3: a bridge to nowhere so they can get re elected. 239 00:11:55,640 --> 00:11:58,640 Speaker 3: No one has backbone. We can't even go to a 240 00:11:58,640 --> 00:12:01,760 Speaker 3: two week correction in the stock market without people saying 241 00:12:01,800 --> 00:12:04,800 Speaker 3: this is the end. So he's been talking about this 242 00:12:04,840 --> 00:12:09,720 Speaker 3: for decades. For decades, he's on record talking about the 243 00:12:09,840 --> 00:12:13,319 Speaker 3: unfair treatment of America. But by the way, this is 244 00:12:13,960 --> 00:12:17,880 Speaker 3: mostly our fault, though we've allowed it to happen. And 245 00:12:18,000 --> 00:12:20,920 Speaker 3: so I think he's doing it because he sincerely believes 246 00:12:21,000 --> 00:12:25,200 Speaker 3: that we are extraordinarily vulnerable, and that this perch that 247 00:12:25,240 --> 00:12:28,640 Speaker 3: we sit on is sitting on really just its thin ice. 248 00:12:29,120 --> 00:12:31,120 Speaker 3: It feels good, but it probably felt good to Great 249 00:12:31,120 --> 00:12:32,880 Speaker 3: Britain in the late eighteen hundreds when they of the 250 00:12:32,880 --> 00:12:36,360 Speaker 3: preeminent nation, and to the Portuguese, and to the Habsburgs, 251 00:12:36,400 --> 00:12:39,200 Speaker 3: and to Spain and who are whoever else at any 252 00:12:39,200 --> 00:12:41,760 Speaker 3: given time was the pre eminent nation in the world. 253 00:12:42,000 --> 00:12:44,760 Speaker 3: But those periods generally last for one hundred years. We're 254 00:12:44,760 --> 00:12:47,240 Speaker 3: a little bit over one hundred years, so our expiration 255 00:12:47,400 --> 00:12:49,559 Speaker 3: data is coming up. Unless we do something about it. 256 00:12:50,960 --> 00:12:52,320 Speaker 2: We've got more of Charles pain. 257 00:12:52,400 --> 00:12:55,400 Speaker 1: But first, according to recent study, as many as twenty 258 00:12:55,400 --> 00:13:00,280 Speaker 1: percent of women who undergo chemical abortions suffer complications, voting 259 00:13:00,320 --> 00:13:02,840 Speaker 1: a shocking number of deaths did you know that the 260 00:13:02,840 --> 00:13:07,040 Speaker 1: Biden administration loosened restrictions by not requiring the NH to 261 00:13:07,120 --> 00:13:09,480 Speaker 1: report injuries caused by this toxic pill. 262 00:13:10,120 --> 00:13:11,760 Speaker 2: The pill continues to bring harm. 263 00:13:11,640 --> 00:13:14,000 Speaker 1: To mothers and babies, and yet accounts for over sixty 264 00:13:14,040 --> 00:13:17,640 Speaker 1: percent of abortions. Preborn's network of clinics are flooded daily 265 00:13:17,679 --> 00:13:21,320 Speaker 1: with women seeking help after taking this pill, regretting their decision, 266 00:13:21,400 --> 00:13:24,520 Speaker 1: and some even come in with their aborted babies remains, 267 00:13:24,640 --> 00:13:27,640 Speaker 1: not knowing what to do with them. Preborn welcomes these 268 00:13:27,679 --> 00:13:30,240 Speaker 1: women with open arms and offers them life saving help, 269 00:13:30,520 --> 00:13:33,640 Speaker 1: including the abortion pill reversal treatment if it's not too late. 270 00:13:34,120 --> 00:13:36,800 Speaker 1: When you sponsor an ultrasound for a woman in crisis, 271 00:13:36,880 --> 00:13:40,280 Speaker 1: you're empowering women with real choices. Please join us as 272 00:13:40,280 --> 00:13:43,640 Speaker 1: we rescue women and babies. One ultrasound is only twenty 273 00:13:43,679 --> 00:13:46,120 Speaker 1: eight dollars and one d and forty dollars helps to 274 00:13:46,160 --> 00:13:49,240 Speaker 1: rescue five babies. You won't regret the choice to save 275 00:13:49,240 --> 00:13:52,120 Speaker 1: a life. Please dial pound two fifty and say the 276 00:13:52,200 --> 00:13:56,080 Speaker 1: keyword baby. That's pound two fifty baby, or visit preborn 277 00:13:56,160 --> 00:13:59,839 Speaker 1: dot com slash booth. That's preborn dot com slash booth 278 00:14:00,040 --> 00:14:05,800 Speaker 1: sponsored by preborn, you know. I mean it's interesting because 279 00:14:05,840 --> 00:14:09,240 Speaker 1: I think President Trump thrives in chaos and uses chaos 280 00:14:09,280 --> 00:14:11,600 Speaker 1: as a leverage, you know, of the other side wondering 281 00:14:11,600 --> 00:14:12,360 Speaker 1: what is he going to do? 282 00:14:12,679 --> 00:14:13,880 Speaker 2: You know, But then. 283 00:14:13,800 --> 00:14:17,440 Speaker 1: Alternatively, in that chaos right now is obviously like setting 284 00:14:17,480 --> 00:14:21,000 Speaker 1: off the markets and setting off panic. And so you know, 285 00:14:21,040 --> 00:14:25,120 Speaker 1: I wonder how much laying out just some clear objectives 286 00:14:25,120 --> 00:14:27,920 Speaker 1: of like here's why we're doing this, this is like 287 00:14:28,080 --> 00:14:31,080 Speaker 1: what we're gonna get from it would sort of calm 288 00:14:31,520 --> 00:14:33,080 Speaker 1: nerves and jitters. 289 00:14:33,720 --> 00:14:35,800 Speaker 3: Well, I think he's done that, but you know, he 290 00:14:35,880 --> 00:14:38,160 Speaker 3: got to be. He's got to be as a It's 291 00:14:38,200 --> 00:14:41,920 Speaker 3: an interesting thing, you can't you know, a long he 292 00:14:42,000 --> 00:14:44,400 Speaker 3: mentioned tariffs every campaign stop. He said, I'm gonna go 293 00:14:44,440 --> 00:14:47,160 Speaker 3: out to China every campaign stop. In fact, everything Trump 294 00:14:47,200 --> 00:14:49,840 Speaker 3: has done so far he promised he would do. He 295 00:14:50,000 --> 00:14:52,400 Speaker 3: promised he would do this. Maybe we're shocked that a 296 00:14:52,440 --> 00:14:55,840 Speaker 3: politician lived up to the promises. Maybe we underestimated what 297 00:14:55,840 --> 00:14:59,080 Speaker 3: it would mean, but he did promise this. Uh, and 298 00:14:59,160 --> 00:15:01,840 Speaker 3: so he's doing it, and he's got to make sure 299 00:15:02,480 --> 00:15:09,280 Speaker 3: that he's not letting the mainstream media in America manipulate 300 00:15:09,360 --> 00:15:11,800 Speaker 3: him to the point where it weakens his bargaining position. 301 00:15:12,280 --> 00:15:15,960 Speaker 3: So last Friday last week, rather after we announced the 302 00:15:16,560 --> 00:15:21,000 Speaker 3: initial the additional tariffs on China, they immediately announced tariffs 303 00:15:21,040 --> 00:15:23,800 Speaker 3: on US. One smart Wallstree firm said the only reason 304 00:15:23,800 --> 00:15:25,800 Speaker 3: they did that was to make the markets go down. 305 00:15:26,600 --> 00:15:29,320 Speaker 3: And then, of course, the next day China issued to 306 00:15:29,320 --> 00:15:34,440 Speaker 3: communicate saying the markets have spoken. In other words, hey America, 307 00:15:34,480 --> 00:15:36,760 Speaker 3: look at your markets. They're telling you to back off. 308 00:15:37,520 --> 00:15:42,320 Speaker 3: America's Americans cannot live for the stock market. It is 309 00:15:42,360 --> 00:15:44,520 Speaker 3: so dumb for the average person out there to be 310 00:15:44,560 --> 00:15:48,240 Speaker 3: concerned about the market going up every single day and 311 00:15:48,680 --> 00:15:51,920 Speaker 3: they don't have any money in a bank. It's ridiculous. 312 00:15:52,080 --> 00:15:56,000 Speaker 3: We already lived in this sort of new quasi patriotsism 313 00:15:56,400 --> 00:15:59,720 Speaker 3: of let's keep the GDP higher by staying maxed out 314 00:16:00,040 --> 00:16:02,480 Speaker 3: in debt delinquency. Don't know how our kids are going 315 00:16:02,520 --> 00:16:06,040 Speaker 3: to college. But the economy was good, the GDP number 316 00:16:06,080 --> 00:16:08,640 Speaker 3: was solid. That's not our job, you know. We have 317 00:16:08,800 --> 00:16:11,800 Speaker 3: We have a responsibility to our families and to ourselves, 318 00:16:12,520 --> 00:16:15,120 Speaker 3: and we spend too much money, to be quite honest 319 00:16:15,160 --> 00:16:16,960 Speaker 3: with you, he was particularly jumped from China in the 320 00:16:16,960 --> 00:16:21,040 Speaker 3: first place. U and so he's got to be careful. 321 00:16:21,600 --> 00:16:23,960 Speaker 3: You know, he's he's doing the broad stroke stuff. He 322 00:16:24,000 --> 00:16:26,800 Speaker 3: has other folks like Besant out there. I think I 323 00:16:27,240 --> 00:16:32,280 Speaker 3: like to see Lutnick and Naviarl sit down. I like Greer. 324 00:16:33,120 --> 00:16:34,680 Speaker 3: He doesn't speak a lot. I think I don't know 325 00:16:34,760 --> 00:16:38,080 Speaker 3: if he's bashful or whatever. Besson's been on air a lot, 326 00:16:38,800 --> 00:16:42,760 Speaker 3: Steven Myron. Those are good people to get out there 327 00:16:42,840 --> 00:16:46,320 Speaker 3: to sort of articulate this. But again, Trump is negotiating 328 00:16:46,360 --> 00:16:49,640 Speaker 3: this and he already knows that the media doesn't like him. 329 00:16:50,120 --> 00:16:52,320 Speaker 3: China knows the media doesn't like him, so he can't 330 00:16:52,320 --> 00:16:56,560 Speaker 3: be manipulated too much by trying to you know, again, 331 00:16:56,600 --> 00:16:59,680 Speaker 3: this morning, when Delta Airlines earnings came out, all of 332 00:16:59,720 --> 00:17:01,760 Speaker 3: fine ancial media, I was like, they're not going there. 333 00:17:01,840 --> 00:17:05,040 Speaker 3: They're not going give us guidance. They're so afraid. Yeah, 334 00:17:05,080 --> 00:17:08,879 Speaker 3: but what the news was was that the earnings were phenomenal, 335 00:17:09,280 --> 00:17:13,000 Speaker 3: that people were taking planes. That was the news. So 336 00:17:13,160 --> 00:17:16,359 Speaker 3: while people are concerned about the market, they haven't yet 337 00:17:16,400 --> 00:17:19,680 Speaker 3: stopped traveling. They haven't yet stopped doing things that they 338 00:17:19,720 --> 00:17:23,119 Speaker 3: normally do. Now they're scared enough, eventually they will and 339 00:17:23,160 --> 00:17:27,040 Speaker 3: that's the danger. So you know, it's a narrow it's 340 00:17:27,080 --> 00:17:29,880 Speaker 3: a narrow Trump has a very narrow area where he can, 341 00:17:30,200 --> 00:17:32,639 Speaker 3: you know, do one or two. His main thing right 342 00:17:32,680 --> 00:17:35,600 Speaker 3: now is he's got to hold the line. He put 343 00:17:35,640 --> 00:17:39,080 Speaker 3: out a teriff plan that no one anticipated, myself included, 344 00:17:40,400 --> 00:17:43,400 Speaker 3: and I just acquitted it last week when it came out. 345 00:17:43,400 --> 00:17:45,840 Speaker 3: The only thing I could think of was his first term. 346 00:17:45,880 --> 00:17:49,199 Speaker 3: You might remember this, Lisa, when he dropped Moab and 347 00:17:49,240 --> 00:17:52,879 Speaker 3: it's the Mother of all bombs. So and that was 348 00:17:52,920 --> 00:17:56,560 Speaker 3: the most non most lethal, non nuclear bomb in the 349 00:17:56,600 --> 00:18:00,800 Speaker 3: history of mankind. No president was thought about using it before. 350 00:18:00,840 --> 00:18:05,040 Speaker 3: He immediately dropped in on Isis and has sent a message. 351 00:18:05,640 --> 00:18:08,399 Speaker 3: This is sort of an economic mo ad. There's not 352 00:18:08,440 --> 00:18:10,600 Speaker 3: a lot of room to negotiate. This won't go tip 353 00:18:10,640 --> 00:18:12,639 Speaker 3: for tet. There won't be a whole lot of meetings. 354 00:18:12,720 --> 00:18:15,000 Speaker 3: We won't go to Paris and then a month later 355 00:18:15,040 --> 00:18:17,800 Speaker 3: go to Brussels, then a month later go to Tokyo. And 356 00:18:17,800 --> 00:18:19,760 Speaker 3: we're not gonna have a bunch of diplomats nodding and 357 00:18:19,800 --> 00:18:22,040 Speaker 3: shaking their hands in a green to meet again. No, 358 00:18:22,359 --> 00:18:24,680 Speaker 3: this is it line in the sand. What are you 359 00:18:24,680 --> 00:18:25,720 Speaker 3: gonna do? The rest of the world. 360 00:18:27,200 --> 00:18:30,760 Speaker 1: I guess the lead part that confuses me is, so 361 00:18:30,840 --> 00:18:34,040 Speaker 1: I get like reciprocal tariffs. Obviously that sort of speaks 362 00:18:34,040 --> 00:18:37,959 Speaker 1: for itself. I get bringing manufacturing here, but like, how 363 00:18:38,000 --> 00:18:39,760 Speaker 1: do you equalize trade deficits? 364 00:18:41,200 --> 00:18:43,560 Speaker 3: Ultimately, I don't think that's the goal, but yeah, what 365 00:18:43,600 --> 00:18:47,200 Speaker 3: they're saying is that the people have to understand they're 366 00:18:47,240 --> 00:18:52,159 Speaker 3: official tariffs and there are non tariff barriers. Now. On 367 00:18:52,200 --> 00:18:55,520 Speaker 3: a recent show, I laid on about twenty non tariff barriers, 368 00:18:55,920 --> 00:18:59,320 Speaker 3: but Scott Myron, who's part of this negotiating team, said 369 00:18:59,320 --> 00:19:01,479 Speaker 3: that there are a thousand. We don't know about them. 370 00:19:01,480 --> 00:19:03,919 Speaker 3: They're tough. You know. Let's say you bring a product 371 00:19:03,960 --> 00:19:07,120 Speaker 3: into a country. Let's say you bring a product into America. 372 00:19:07,160 --> 00:19:10,040 Speaker 3: You want to sell in into America, a blender, but 373 00:19:10,200 --> 00:19:13,080 Speaker 3: New Jersey has a certain law that will stop it 374 00:19:13,119 --> 00:19:15,320 Speaker 3: from going in whatever that was made of a certain 375 00:19:15,359 --> 00:19:18,720 Speaker 3: plastic or California. You know, it's so nuanced, is so 376 00:19:18,840 --> 00:19:21,600 Speaker 3: marbled into these nations ways of stopping us from being 377 00:19:21,600 --> 00:19:24,280 Speaker 3: able to compete in their countries. They decided the only 378 00:19:24,320 --> 00:19:25,920 Speaker 3: way they could figure it out is, you know, using 379 00:19:25,960 --> 00:19:30,000 Speaker 3: trade deficits. Obviously, the bigger nation that a more powerful 380 00:19:30,080 --> 00:19:32,560 Speaker 3: economic nation probably will have a higher trade deficit. But 381 00:19:32,600 --> 00:19:35,280 Speaker 3: they also think hidden in there is the only way 382 00:19:35,320 --> 00:19:38,720 Speaker 3: to sort of figure out just how long spare the 383 00:19:38,760 --> 00:19:41,600 Speaker 3: system is because no one truly knows. All they know 384 00:19:41,680 --> 00:19:45,359 Speaker 3: is that they're barriers beyond tariffs that stopped us, and 385 00:19:45,400 --> 00:19:48,679 Speaker 3: so it's not fair trading, it's not free trading. And 386 00:19:48,720 --> 00:19:51,320 Speaker 3: that's why we don't sell any beef in Australia, but 387 00:19:51,359 --> 00:19:54,800 Speaker 3: they sell billions in America. So these things are nuanced. 388 00:19:55,240 --> 00:19:58,080 Speaker 3: And again it's not a tactic that I necessarily or 389 00:19:58,320 --> 00:20:00,440 Speaker 3: I wouldn't have thought of it. I'm not sure I 390 00:20:00,440 --> 00:20:02,840 Speaker 3: would have used it, but they did use it, and 391 00:20:02,880 --> 00:20:05,480 Speaker 3: they set the bar high. And so this is not 392 00:20:05,560 --> 00:20:08,399 Speaker 3: a game. The rest of the world understands. This is 393 00:20:08,440 --> 00:20:10,320 Speaker 3: not a game. You can try to go tip for tet. 394 00:20:10,800 --> 00:20:13,600 Speaker 3: But there's a reason everyone wants to bring their products here. 395 00:20:13,640 --> 00:20:16,959 Speaker 3: We have the wealthiest consumers in the world, and if 396 00:20:17,000 --> 00:20:19,639 Speaker 3: you want to make money, you sell it here. You 397 00:20:19,720 --> 00:20:21,800 Speaker 3: can't sell it anywhere else. You can't you know, no 398 00:20:21,800 --> 00:20:23,479 Speaker 3: one's going to buy it, no one can afford it. 399 00:20:23,880 --> 00:20:26,240 Speaker 3: You can put it in a warehouse. These countries are 400 00:20:26,280 --> 00:20:28,560 Speaker 3: in bad shape. China economically is and worse shape than 401 00:20:28,560 --> 00:20:31,639 Speaker 3: Americans think they have been for a long time. They 402 00:20:31,680 --> 00:20:35,120 Speaker 3: mismanaged the one child policy, they mismanaged COVID, they built 403 00:20:35,119 --> 00:20:38,320 Speaker 3: a whole bunch of ghost cities. They're in trouble Europe, 404 00:20:38,359 --> 00:20:41,080 Speaker 3: forget about it. They really just they have blown it. 405 00:20:41,119 --> 00:20:44,000 Speaker 3: So with the open borders and the high taxes, lack 406 00:20:44,040 --> 00:20:48,640 Speaker 3: of innovation, you know, they're in trouble. So we're coming 407 00:20:48,680 --> 00:20:51,720 Speaker 3: from a position of strength, perhaps for the last time 408 00:20:51,760 --> 00:20:53,840 Speaker 3: that we'll be able to come from a position of strength. 409 00:20:53,920 --> 00:20:57,080 Speaker 1: Well, you know, it's interesting because if anyone was doubting 410 00:20:57,520 --> 00:21:00,760 Speaker 1: the strength of America in both the global economy and 411 00:21:00,840 --> 00:21:04,919 Speaker 1: just excess superpower, I think this shows we are the 412 00:21:05,000 --> 00:21:08,320 Speaker 1: pre eminent superpower. And just like the you know, just 413 00:21:08,359 --> 00:21:11,720 Speaker 1: this TERRORFF announcement, just the impact it has had on 414 00:21:11,960 --> 00:21:15,800 Speaker 1: the global economy, I think sort of underscores what a 415 00:21:15,840 --> 00:21:18,600 Speaker 1: powerhouse we as we are as a country. You had 416 00:21:18,600 --> 00:21:22,480 Speaker 1: mentioned sort of China's weakness right now, will this bring 417 00:21:22,560 --> 00:21:25,400 Speaker 1: them to the table or kind of like what would 418 00:21:25,440 --> 00:21:28,919 Speaker 1: this trade war look like with China? And you know 419 00:21:28,960 --> 00:21:30,600 Speaker 1: who has the upper hand in this? 420 00:21:31,440 --> 00:21:33,080 Speaker 3: Well, we have the upper hand because we buy a 421 00:21:33,119 --> 00:21:35,399 Speaker 3: lot of stuff from them. Yeah, you know, I mean 422 00:21:35,440 --> 00:21:37,359 Speaker 3: they have some of our treasuries they can sell them. 423 00:21:37,400 --> 00:21:40,399 Speaker 3: But all as you remember, this thing kinda doesn't have 424 00:21:40,520 --> 00:21:46,080 Speaker 3: any any of our treasuries as a as a goodwill gesture. 425 00:21:46,520 --> 00:21:50,240 Speaker 3: It's not altruistic. It's altruistic. It's it's the best treasuries 426 00:21:50,240 --> 00:21:52,080 Speaker 3: to own in the world. So you don't want to if 427 00:21:52,040 --> 00:21:53,880 Speaker 3: you don't want to, if you don't want those, get 428 00:21:53,920 --> 00:21:56,560 Speaker 3: them from somebody else. There's a reason they want to 429 00:21:56,600 --> 00:21:59,120 Speaker 3: buy that. There's a reason they want to own our farmland. 430 00:21:59,160 --> 00:22:01,359 Speaker 3: There's a reason. And there's a reason they do business 431 00:22:01,359 --> 00:22:05,040 Speaker 3: with us. We made China wealthy when China entered when 432 00:22:05,119 --> 00:22:07,600 Speaker 3: Nixon went over there and Nixon and Kissinger, I think 433 00:22:07,640 --> 00:22:11,200 Speaker 3: the average annual income for the average person in China 434 00:22:11,280 --> 00:22:13,280 Speaker 3: was one hundred and fifty six bucks. This is the 435 00:22:13,320 --> 00:22:16,480 Speaker 3: early seventies a person a year when they entered the 436 00:22:16,480 --> 00:22:20,200 Speaker 3: World Trade Organization. They weren't much better on since then 437 00:22:20,600 --> 00:22:24,679 Speaker 3: and using rules that favored them that even to this 438 00:22:24,760 --> 00:22:26,920 Speaker 3: day treat them as an emerging nation, not the number 439 00:22:26,920 --> 00:22:30,480 Speaker 3: two economy in the world. They've been able to take 440 00:22:30,520 --> 00:22:34,439 Speaker 3: advantage and it's brilliant on their part. You know, Lisa, 441 00:22:34,480 --> 00:22:36,480 Speaker 3: what a lot of people don't realize. With China and 442 00:22:36,560 --> 00:22:39,520 Speaker 3: to a lesser extent with India is that they've always 443 00:22:39,560 --> 00:22:42,600 Speaker 3: wanted to get even with the West. You know, China 444 00:22:42,800 --> 00:22:45,800 Speaker 3: was the greatest economy, they were head of the most 445 00:22:45,840 --> 00:22:48,879 Speaker 3: of the world for a long time. Technologically, they built 446 00:22:48,880 --> 00:22:52,119 Speaker 3: the wall. They became an isolated insular nation because they 447 00:22:52,160 --> 00:22:57,080 Speaker 3: wanted to. And so finally the British show up, and 448 00:22:57,119 --> 00:22:59,639 Speaker 3: this is at the years of European you know, wars 449 00:22:59,680 --> 00:23:01,520 Speaker 3: and wars and wars, and they say, hey, we want 450 00:23:01,520 --> 00:23:04,960 Speaker 3: to trade with you. And initially the Emperor is like, what, no, 451 00:23:05,080 --> 00:23:06,240 Speaker 3: we don't want to do it. But then you know, 452 00:23:06,400 --> 00:23:08,480 Speaker 3: someone said, why don't we Why don't we trade with him? 453 00:23:08,680 --> 00:23:10,240 Speaker 3: We could send in the world with these great things 454 00:23:10,240 --> 00:23:13,639 Speaker 3: that no one else has, silk, jade, all of this 455 00:23:13,720 --> 00:23:16,320 Speaker 3: beautiful stuff. So they start sending that out to Europe 456 00:23:16,600 --> 00:23:19,040 Speaker 3: and in return they got silver, and they got so 457 00:23:19,160 --> 00:23:24,879 Speaker 3: much silver that Europe sort of panicked, and eventually the 458 00:23:24,920 --> 00:23:29,080 Speaker 3: British introduced this miracle drug to them called opium. So 459 00:23:29,640 --> 00:23:31,800 Speaker 3: after a few years of getting the opium going in 460 00:23:31,840 --> 00:23:34,439 Speaker 3: and the silver going out, the British showed back up 461 00:23:34,440 --> 00:23:36,639 Speaker 3: and say we want you to open more ports. The 462 00:23:36,680 --> 00:23:40,080 Speaker 3: Emperor says no, The British said we're not asking. The 463 00:23:40,160 --> 00:23:43,080 Speaker 3: first Opium War, the Emperor calls up the troop. So 464 00:23:43,160 --> 00:23:46,439 Speaker 3: guess what. Half of them are high on opium. And 465 00:23:46,480 --> 00:23:48,080 Speaker 3: by the way, they hadn't been in a war in 466 00:23:48,119 --> 00:23:50,400 Speaker 3: a long time. There's ships are that great technology they 467 00:23:50,400 --> 00:23:53,120 Speaker 3: had fifty hundred years earlier. Didn't work. It was terrible. 468 00:23:53,280 --> 00:23:55,879 Speaker 3: They got crushed. Had to open more ports. Same thing 469 00:23:55,960 --> 00:23:58,120 Speaker 3: happened in another few years. We want more ports now. 470 00:23:58,400 --> 00:24:02,960 Speaker 3: Second Opium War. China collapses to the point where they 471 00:24:02,960 --> 00:24:06,000 Speaker 3: finally have what they call the Boxer Revolution. The Boxer 472 00:24:06,040 --> 00:24:09,480 Speaker 3: Revolution wi all the peasants rise up the Chinese government. 473 00:24:09,520 --> 00:24:12,199 Speaker 3: The emperor is so weak he has to ask Japan 474 00:24:12,280 --> 00:24:15,159 Speaker 3: in the west for help. They give them help on 475 00:24:15,280 --> 00:24:18,760 Speaker 3: economic terms that would make the mafia blush. After that 476 00:24:18,880 --> 00:24:22,080 Speaker 3: was over, China became destitute, and of course a few 477 00:24:22,160 --> 00:24:25,159 Speaker 3: years lady have Mao and the story goes on. So 478 00:24:26,400 --> 00:24:29,440 Speaker 3: they have this long range thinking, this long ranch chip 479 00:24:29,480 --> 00:24:31,760 Speaker 3: on their shoulders. And we're worried about the market being 480 00:24:31,840 --> 00:24:34,160 Speaker 3: down for three days in a row. We can't win 481 00:24:34,240 --> 00:24:35,120 Speaker 3: if we stay like this. 482 00:24:36,119 --> 00:24:39,479 Speaker 1: We've got more in the markets. But first, Israel's still 483 00:24:39,640 --> 00:24:42,879 Speaker 1: under attack. Missile fire has resumed from the hou Thias, 484 00:24:42,920 --> 00:24:47,160 Speaker 1: has Bala and hamas enemy seeking Israel's destruction. Here in America, 485 00:24:47,240 --> 00:24:50,399 Speaker 1: we cannot imagine living under constant threat of terrorism and 486 00:24:50,480 --> 00:24:54,359 Speaker 1: rocket attacks. This is the reality in Israel. Parents taking 487 00:24:54,400 --> 00:24:57,120 Speaker 1: their children to school, falling to the ground to lay 488 00:24:57,160 --> 00:24:59,719 Speaker 1: on top of their small children, trying to comfort them 489 00:24:59,760 --> 00:25:03,320 Speaker 1: as sirens blair. The next attack against Israel is happening 490 00:25:03,359 --> 00:25:06,280 Speaker 1: now with little time to prepare, so we must act now. 491 00:25:06,840 --> 00:25:09,720 Speaker 1: That's why I'm partnering with the International Fellowship of Christians 492 00:25:09,720 --> 00:25:13,280 Speaker 1: and Jews to help provide life saving aid and security essentials. 493 00:25:13,560 --> 00:25:16,840 Speaker 1: You're urgently needed. Gift today will help provide security essentials 494 00:25:16,840 --> 00:25:21,120 Speaker 1: like bomb shelters, flack jackets and bulletproof vests for first responders, 495 00:25:21,520 --> 00:25:25,320 Speaker 1: armored security vehicles, ambulances, and so much more. Join me 496 00:25:25,480 --> 00:25:28,120 Speaker 1: in standing with Israel. Call to make your gift at 497 00:25:28,160 --> 00:25:31,280 Speaker 1: eight eight eight four a eight IFCJ. That's eight eight 498 00:25:31,320 --> 00:25:33,960 Speaker 1: eight four A eight four three two five, or you 499 00:25:33,960 --> 00:25:38,440 Speaker 1: can go online at support IFCJ dot org to give. 500 00:25:38,560 --> 00:25:44,960 Speaker 1: That's one word support IFCJ dot org. I mean, Charles, 501 00:25:45,119 --> 00:25:46,800 Speaker 1: you don't just play. I mean you're not playing a 502 00:25:46,880 --> 00:25:49,880 Speaker 1: financial expert on TV. I mean you started your career 503 00:25:49,880 --> 00:25:52,320 Speaker 1: on Wall Street in nineteen eighty five, nineteen ninety one, 504 00:25:52,359 --> 00:25:55,119 Speaker 1: you started Wall Street strategies. I mean, you live, sleep, 505 00:25:55,160 --> 00:25:59,560 Speaker 1: and breathe this stuff for a living. What are you 506 00:25:59,560 --> 00:26:00,720 Speaker 1: telling cions right now? 507 00:26:00,760 --> 00:26:02,800 Speaker 2: Like what I mean? People are turning to people like 508 00:26:02,840 --> 00:26:04,920 Speaker 2: you and saying, what do we do? 509 00:26:05,440 --> 00:26:05,639 Speaker 3: You know? 510 00:26:06,080 --> 00:26:07,480 Speaker 2: So what's your advice? 511 00:26:07,840 --> 00:26:09,879 Speaker 3: So let me tell you what's interesting? So you're right. 512 00:26:09,920 --> 00:26:13,400 Speaker 3: I've been doing this for almost forty years, and in 513 00:26:13,440 --> 00:26:17,800 Speaker 3: two thousand, the crash of two thousand was devastating. We 514 00:26:17,800 --> 00:26:20,600 Speaker 3: were we were hanging by a threat for three years. 515 00:26:21,000 --> 00:26:22,960 Speaker 3: I was so bad off that we had worked from 516 00:26:23,000 --> 00:26:24,920 Speaker 3: home before anyone else even knew what it was because 517 00:26:24,920 --> 00:26:28,600 Speaker 3: I couldn't afford an office. So we barely survived that. 518 00:26:28,760 --> 00:26:30,840 Speaker 3: Then came the crash in two thousand and eight, two 519 00:26:30,920 --> 00:26:34,520 Speaker 3: thousand and seven, two thousand and eight. This time clients 520 00:26:34,520 --> 00:26:37,680 Speaker 3: didn't flee. They just held on. They said, Okay, we'll 521 00:26:37,680 --> 00:26:40,679 Speaker 3: stay with you, We'll see what happens. Then came the 522 00:26:40,720 --> 00:26:43,280 Speaker 3: COVID crash. You know what happened In the COVID crash, 523 00:26:43,359 --> 00:26:46,520 Speaker 3: people were calling me, I want to buy, I want 524 00:26:46,560 --> 00:26:50,480 Speaker 3: to buy. So over the last twenty five years, investors 525 00:26:50,480 --> 00:26:52,880 Speaker 3: have learned that, you know, maybe you don't panic anyse 526 00:26:52,920 --> 00:26:56,439 Speaker 3: sort of situations. So I'm asking them to do what 527 00:26:56,480 --> 00:26:59,280 Speaker 3: they've been doing, not to panic. And you know, I 528 00:26:59,320 --> 00:27:02,000 Speaker 3: was lucky in some ways, you know, I sold in video, 529 00:27:02,080 --> 00:27:03,879 Speaker 3: we had I had them take profits on Nvidia near 530 00:27:03,960 --> 00:27:07,640 Speaker 3: the top, volunteering near the top, Apple near the top. 531 00:27:08,119 --> 00:27:09,639 Speaker 3: But we still have a lot of other positions that 532 00:27:09,640 --> 00:27:12,360 Speaker 3: are that are down at this very moment. But we've 533 00:27:12,400 --> 00:27:14,680 Speaker 3: been through this together for a long time and the 534 00:27:14,720 --> 00:27:16,879 Speaker 3: majority of them want to know, just tell them when 535 00:27:16,920 --> 00:27:19,399 Speaker 3: it's time to buy. So they're not panicking. But they 536 00:27:19,720 --> 00:27:22,520 Speaker 3: read the scene newspapers, they hear the same stuff, and 537 00:27:22,560 --> 00:27:25,159 Speaker 3: so the airwaves are filled with this doom and gloom 538 00:27:25,160 --> 00:27:28,280 Speaker 3: stuff that it's hard to ignore unless you understand the 539 00:27:28,320 --> 00:27:29,119 Speaker 3: history of the market. 540 00:27:30,680 --> 00:27:34,560 Speaker 1: What's sort of like safe long term investments for people 541 00:27:34,640 --> 00:27:36,160 Speaker 1: right now? If they're like, look, I kind of want 542 00:27:36,200 --> 00:27:38,920 Speaker 1: to get involved right now, it's a good time to 543 00:27:38,960 --> 00:27:39,320 Speaker 1: get in. 544 00:27:40,119 --> 00:27:41,080 Speaker 2: What's what's smart? 545 00:27:41,600 --> 00:27:44,639 Speaker 3: I mean I hesitate to use the word safe because 546 00:27:44,720 --> 00:27:47,399 Speaker 3: any sad you can fit it any time. Bus I 547 00:27:47,600 --> 00:27:49,240 Speaker 3: you know, here's a good rule of thumb. If a 548 00:27:49,240 --> 00:27:51,320 Speaker 3: company's been in business for about one hundred years, more 549 00:27:51,320 --> 00:27:53,400 Speaker 3: than likely they'll be in business for another one hundred years. 550 00:27:53,400 --> 00:27:55,800 Speaker 3: It always, it always baffles me when people are afraid 551 00:27:55,840 --> 00:27:57,360 Speaker 3: to buy a stock in a company that I say, 552 00:27:57,359 --> 00:27:59,199 Speaker 3: you think they'll be around when you die? Who's going 553 00:27:59,240 --> 00:28:02,520 Speaker 3: to die first? You Google? I mean you were metal. 554 00:28:02,560 --> 00:28:06,800 Speaker 3: Who's gonna perish first? Uh? You know? Uh So I 555 00:28:07,080 --> 00:28:09,399 Speaker 3: think the worst mistake, obviously is not being in the 556 00:28:09,400 --> 00:28:12,600 Speaker 3: market is it's the greatest money create creating a machine 557 00:28:12,600 --> 00:28:17,320 Speaker 3: creation machine in history, and you just never know what's 558 00:28:17,359 --> 00:28:20,680 Speaker 3: going to be stuper duper hot. In the last five years, 559 00:28:20,760 --> 00:28:22,639 Speaker 3: one of the hottest stocks that's been Brinker. You know 560 00:28:22,640 --> 00:28:24,840 Speaker 3: what Brinker is is the parent company of Chili's. Have 561 00:28:24,880 --> 00:28:29,240 Speaker 3: you gone to Chili's recently? Stock going up twelve five years? So, 562 00:28:29,600 --> 00:28:31,879 Speaker 3: you know, I listen. I like exposure to rockets. I 563 00:28:32,000 --> 00:28:35,320 Speaker 3: like for people have exposure to the Fourth Industrial Revolution. 564 00:28:35,840 --> 00:28:39,280 Speaker 3: And by the same token, you know, home Depot is 565 00:28:39,280 --> 00:28:43,120 Speaker 3: going to be here, Yeah, Walmart will be here. So 566 00:28:43,200 --> 00:28:45,520 Speaker 3: you just have a mix of names in your portfolio, 567 00:28:46,040 --> 00:28:47,640 Speaker 3: names that you know would be here forever, and then 568 00:28:47,680 --> 00:28:50,400 Speaker 3: maybe a couple that you take a shot on that 569 00:28:50,440 --> 00:28:55,560 Speaker 3: could be huge. You know, as we go into humanoid robots, 570 00:28:55,600 --> 00:28:59,760 Speaker 3: as we go into more rockets, ships, more drones, So 571 00:28:59,840 --> 00:29:01,880 Speaker 3: you want to have exposure to that kind of sexy 572 00:29:01,880 --> 00:29:05,280 Speaker 3: stuff that sizzles but is volatile, and then basic stuff 573 00:29:05,280 --> 00:29:07,880 Speaker 3: that's just going to be their payon a solid dibdend 574 00:29:08,440 --> 00:29:10,680 Speaker 3: and go up. You know, every time I look at 575 00:29:10,680 --> 00:29:13,600 Speaker 3: these solid names, they they don't gallop, but they get 576 00:29:13,640 --> 00:29:15,680 Speaker 3: from point A to point B all the time, which 577 00:29:15,720 --> 00:29:17,880 Speaker 3: is higher. And during the time that you own them, 578 00:29:17,960 --> 00:29:20,360 Speaker 3: you still make You still make money through dividends. You 579 00:29:20,400 --> 00:29:23,040 Speaker 3: get yourself a balanced portfolio like that you sleep at night. 580 00:29:23,800 --> 00:29:26,000 Speaker 1: How'd you get into TV? So you know you started 581 00:29:26,000 --> 00:29:28,080 Speaker 1: on Wall Street? How'd you find your way over to 582 00:29:28,400 --> 00:29:29,719 Speaker 1: Fox News and Fox Business? 583 00:29:30,360 --> 00:29:32,800 Speaker 3: So that's an interesting that's a good story, good question. 584 00:29:33,720 --> 00:29:37,160 Speaker 3: As a kid, I lived on a army basis. My 585 00:29:37,160 --> 00:29:38,960 Speaker 3: father was in the Army. One day I came home 586 00:29:39,000 --> 00:29:41,680 Speaker 3: from school. My parents are separated. My mother's set were leaving, 587 00:29:42,320 --> 00:29:45,160 Speaker 3: so we left this beautiful two story house in Fort Lee, Virginia. 588 00:29:45,640 --> 00:29:48,000 Speaker 3: It was just an idyllic, wonderful place to live, a 589 00:29:48,040 --> 00:29:50,640 Speaker 3: way to grow up. And we all moved me, my mom, 590 00:29:50,640 --> 00:29:53,320 Speaker 3: and my two younger brothers to Harlem, which was the 591 00:29:53,360 --> 00:29:56,320 Speaker 3: worst neighborhood in America at the time, and all lived 592 00:29:56,360 --> 00:29:59,160 Speaker 3: in a room, and up to that particular moment I 593 00:29:59,280 --> 00:30:03,560 Speaker 3: never thought about but there we were completely broke, destitute, 594 00:30:03,800 --> 00:30:06,280 Speaker 3: all four of us living in a room. A few 595 00:30:06,320 --> 00:30:08,440 Speaker 3: months later we got an apartment, but that first winter 596 00:30:08,520 --> 00:30:11,160 Speaker 3: we had no heat or hot water. I was the oldest, 597 00:30:11,200 --> 00:30:13,120 Speaker 3: So I just took it upon myself to help my 598 00:30:13,200 --> 00:30:15,960 Speaker 3: mom and I did everything. I had, every kind of 599 00:30:16,000 --> 00:30:19,400 Speaker 3: hustle you can imagine, from cleaning windows of stoplights with 600 00:30:19,440 --> 00:30:21,920 Speaker 3: paper towns and windebts to a job at a bodega. 601 00:30:22,680 --> 00:30:25,080 Speaker 3: And so I'm thinking, I need to make money, and 602 00:30:25,160 --> 00:30:27,840 Speaker 3: I think we all equate Wall Street with money. So 603 00:30:27,920 --> 00:30:30,080 Speaker 3: I started reading the journal, or trying to read it. It 604 00:30:30,120 --> 00:30:32,360 Speaker 3: took me a few months to figure it out. It 605 00:30:32,400 --> 00:30:34,720 Speaker 3: was tough back then. It was nothing but lines and numbers, 606 00:30:35,200 --> 00:30:36,600 Speaker 3: and so I told my mom, I don't want to 607 00:30:36,640 --> 00:30:39,320 Speaker 3: work on Wall Street. And so I just studied anything 608 00:30:39,360 --> 00:30:41,920 Speaker 3: I could get. I bought my first mutual fund when 609 00:30:41,960 --> 00:30:43,880 Speaker 3: I was seventeen. She had to co sign. I joined 610 00:30:43,920 --> 00:30:46,280 Speaker 3: the Air Force, and in the Air Force, I bought 611 00:30:46,280 --> 00:30:49,760 Speaker 3: my first stock, and by the way, it was a 612 00:30:49,800 --> 00:30:53,600 Speaker 3: stock called MCI and the day who ran a company 613 00:30:53,720 --> 00:30:56,600 Speaker 3: was Bill McGowan I think was his name. He was 614 00:30:56,640 --> 00:30:59,240 Speaker 3: this hard charging, hard living kind of guy. Smoked like 615 00:30:59,280 --> 00:31:02,120 Speaker 3: seven packs of cigarettes, drank thirty cups of coffee a day, 616 00:31:02,680 --> 00:31:04,920 Speaker 3: and he was taking on the world's biggest company at 617 00:31:05,040 --> 00:31:07,400 Speaker 3: and T I was I've always been drawn to Mavericks, right, 618 00:31:07,440 --> 00:31:10,320 Speaker 3: people go against these David and Goliath stories. And the 619 00:31:10,320 --> 00:31:13,240 Speaker 3: stock did well and I got out. I started working 620 00:31:13,280 --> 00:31:15,960 Speaker 3: at Iff Hutton on the research side, which was no money, 621 00:31:16,000 --> 00:31:17,920 Speaker 3: but I learned a lot, and then that became a broker, 622 00:31:18,800 --> 00:31:22,040 Speaker 3: and as a broker, I had my own epiphany that 623 00:31:22,120 --> 00:31:24,520 Speaker 3: the industry wasn't what I thought it was. I thought, 624 00:31:24,520 --> 00:31:26,480 Speaker 3: you know, you go home, you find these great stocks 625 00:31:26,520 --> 00:31:28,360 Speaker 3: for your clients, but it really didn't work that way. 626 00:31:28,880 --> 00:31:31,280 Speaker 3: So I started my own research firm. So that's how 627 00:31:31,320 --> 00:31:36,240 Speaker 3: I got into business. And then at some point early 628 00:31:36,320 --> 00:31:40,360 Speaker 3: on I don't know how, but Wall Street the CNBC 629 00:31:40,440 --> 00:31:43,640 Speaker 3: heard about me somehow, so they called me up and said, hey, 630 00:31:43,640 --> 00:31:46,320 Speaker 3: can you come on. I came on. I started going 631 00:31:46,360 --> 00:31:50,000 Speaker 3: on there and I met Neil Neil Kabuto, Yeah yeah, 632 00:31:50,320 --> 00:31:53,800 Speaker 3: and so Neil goes over eventually leaves CNBC and he 633 00:31:53,800 --> 00:31:55,480 Speaker 3: goes to this thing called Fox. At the time, I 634 00:31:55,480 --> 00:31:59,960 Speaker 3: thought he was nuts. Yeah, at the time, the mark 635 00:32:00,080 --> 00:32:01,880 Speaker 3: it was sizzling every time you go in a bar 636 00:32:01,960 --> 00:32:04,560 Speaker 3: or restaurant. It was CBC. I'm like, what is this things? 637 00:32:04,680 --> 00:32:07,440 Speaker 3: This Fox thing he's done, you know. And then they 638 00:32:07,440 --> 00:32:09,000 Speaker 3: finally called me up. Neil wants you to come on 639 00:32:09,040 --> 00:32:12,080 Speaker 3: his box. I'm like, oh boy, all right, and I 640 00:32:12,160 --> 00:32:14,600 Speaker 3: come in. You know, I take the escalator down to 641 00:32:14,640 --> 00:32:16,480 Speaker 3: the basement. I think that was the first studio down 642 00:32:16,520 --> 00:32:19,120 Speaker 3: in the basement. I'm pretty sure that the table we 643 00:32:19,120 --> 00:32:21,440 Speaker 3: were using had three legs. I think I was holding 644 00:32:21,480 --> 00:32:24,440 Speaker 3: up my own with my knee. Yeah, the lighting was bad, 645 00:32:24,480 --> 00:32:26,240 Speaker 3: and I'm looking at Neil the whole time, like, my man, 646 00:32:26,280 --> 00:32:29,000 Speaker 3: you blew it. Of course he had not blown it. 647 00:32:29,640 --> 00:32:32,600 Speaker 3: And eventually they asked if I would become a contributor, 648 00:32:32,640 --> 00:32:34,320 Speaker 3: and then eventually I ended up with my own show. 649 00:32:36,040 --> 00:32:36,520 Speaker 3: I love that. 650 00:32:36,640 --> 00:32:38,680 Speaker 2: Also, I feel like Neil help me get my start 651 00:32:38,720 --> 00:32:39,080 Speaker 2: as well. 652 00:32:39,120 --> 00:32:42,120 Speaker 1: So I feel like I started doing Your Rold was 653 00:32:42,120 --> 00:32:44,400 Speaker 1: one of the first shows I started doing at Fox. 654 00:32:44,520 --> 00:32:46,920 Speaker 1: Because you know how it goes, It's like one show 655 00:32:46,960 --> 00:32:49,080 Speaker 1: sees you and then the next book, like you just said, 656 00:32:49,120 --> 00:32:51,280 Speaker 1: you know, you started going on there and then they're like, oh, 657 00:32:51,400 --> 00:32:53,800 Speaker 1: you know so, and then it kind of has that 658 00:32:53,840 --> 00:32:54,520 Speaker 1: snowball effect. 659 00:32:54,560 --> 00:32:56,160 Speaker 2: I love that story. I didn't I didn't know all that. 660 00:32:58,000 --> 00:32:58,440 Speaker 2: I love that. 661 00:32:59,680 --> 00:33:01,760 Speaker 1: I feel your book right now and Breakable Investor is 662 00:33:01,760 --> 00:33:03,600 Speaker 1: probably a good book for people to go pick up 663 00:33:03,720 --> 00:33:10,160 Speaker 1: right now, give it given the current environment and right it's. 664 00:33:10,040 --> 00:33:12,200 Speaker 3: Probably the ship book to pick up. And if you 665 00:33:12,240 --> 00:33:13,600 Speaker 3: have it, it's a good time to read it. 666 00:33:13,720 --> 00:33:16,720 Speaker 2: Yeah, what sort of insight before we go? What sort 667 00:33:16,720 --> 00:33:19,160 Speaker 2: of insight can people get from it? 668 00:33:19,840 --> 00:33:22,960 Speaker 1: Which I'm sure is very applicable to where we are 669 00:33:22,960 --> 00:33:24,920 Speaker 1: currently and this environment. 670 00:33:25,840 --> 00:33:28,680 Speaker 3: So it's my third book. And by the way, it's 671 00:33:28,680 --> 00:33:31,200 Speaker 3: free if you go to Unbreakable Investor dot com. People 672 00:33:31,320 --> 00:33:35,320 Speaker 3: just paid for shopping, shipping, and handling. Here's the first chapter. 673 00:33:35,680 --> 00:33:40,280 Speaker 3: Lisa is dedicated to my grandparents who bought a farm 674 00:33:40,320 --> 00:33:44,920 Speaker 3: in nineteen fifty two in Alabama and against all odds, 675 00:33:45,320 --> 00:33:48,920 Speaker 3: and even now I get chilled and choked up thinking 676 00:33:48,920 --> 00:33:52,080 Speaker 3: about what they had to sacrifice for that and the 677 00:33:52,600 --> 00:33:54,920 Speaker 3: risk that they took on being a black family with 678 00:33:54,960 --> 00:33:58,400 Speaker 3: a farm in nineteen fifty two in Alabama. And then 679 00:33:58,440 --> 00:34:01,479 Speaker 3: the time the night writers will come whatever and they 680 00:34:01,600 --> 00:34:04,920 Speaker 3: raise their family there. They never had indoor plumbing or electricity, 681 00:34:05,160 --> 00:34:07,360 Speaker 3: but they raised their family there. They owned it, they 682 00:34:07,360 --> 00:34:10,520 Speaker 3: had their own crops. And the main reason I mentioned 683 00:34:10,560 --> 00:34:14,720 Speaker 3: that is I feel like we all have a responsibility 684 00:34:15,480 --> 00:34:19,879 Speaker 3: to step up the foundation for future generations. So it's 685 00:34:19,920 --> 00:34:24,160 Speaker 3: not about getting rich, but it's about creating a firm 686 00:34:24,200 --> 00:34:27,160 Speaker 3: foundation and lifting it just a little bit more for 687 00:34:27,200 --> 00:34:30,000 Speaker 3: the future generation so that their life they can chase 688 00:34:30,040 --> 00:34:32,480 Speaker 3: their life's goals. And then in there, I've got chapters 689 00:34:32,480 --> 00:34:36,600 Speaker 3: on the Federal Reserve, i have chapters on the Fourth 690 00:34:36,640 --> 00:34:40,640 Speaker 3: Industrial Revolution. I have examples of how people confine stocks 691 00:34:40,640 --> 00:34:42,640 Speaker 3: by things around them. For instance, when you go to 692 00:34:43,440 --> 00:34:46,359 Speaker 3: buy food and you know, you have the screen pop 693 00:34:46,440 --> 00:34:47,920 Speaker 3: up and they say you want to put you know, 694 00:34:48,760 --> 00:34:52,839 Speaker 3: the tip and all that stuff. Yeah, people don't ever ask, well, 695 00:34:52,920 --> 00:34:54,879 Speaker 3: one of they're publicly traded. Because I use this every 696 00:34:54,960 --> 00:34:56,920 Speaker 3: day when I eat food, those kind of things. I 697 00:34:56,920 --> 00:34:59,080 Speaker 3: teach people how to find these ideas on their own. 698 00:34:59,480 --> 00:35:02,160 Speaker 3: Here's the great news. Every chapter I give you a 699 00:35:02,200 --> 00:35:04,160 Speaker 3: test at the end of each chapter. I want to 700 00:35:04,200 --> 00:35:06,520 Speaker 3: make sure you're learning. And that's why people peep the book. 701 00:35:06,560 --> 00:35:07,839 Speaker 3: I'm telling you people love it. 702 00:35:08,760 --> 00:35:13,520 Speaker 2: I love that Charles, I really appreciate you making the time. 703 00:35:13,560 --> 00:35:16,040 Speaker 1: You're a busy man. Everyone go check out Charles on 704 00:35:16,080 --> 00:35:19,800 Speaker 1: Fox Business. Making Money with Charles Pain. I really appreciate 705 00:35:19,800 --> 00:35:21,400 Speaker 1: your insight. I just I really wanted to have you 706 00:35:21,440 --> 00:35:24,200 Speaker 1: on because, you know, again, I feel like you just 707 00:35:24,200 --> 00:35:26,040 Speaker 1: do such a good job of sort of like cutting 708 00:35:26,040 --> 00:35:28,360 Speaker 1: through the noise of everything, and there's so much noise 709 00:35:28,440 --> 00:35:30,719 Speaker 1: right now, and so just kind of like getting the 710 00:35:30,719 --> 00:35:32,960 Speaker 1: heart of things, and so I feel like this was 711 00:35:33,000 --> 00:35:36,360 Speaker 1: super helpful and also just interesting to learn more about 712 00:35:36,400 --> 00:35:38,080 Speaker 1: your life story and kind of how you got started 713 00:35:38,080 --> 00:35:40,640 Speaker 1: at Fox as well as just a friend of a colleague. 714 00:35:40,800 --> 00:35:42,359 Speaker 2: So I really appreciate you making the time. 715 00:35:42,440 --> 00:35:45,600 Speaker 3: Charles absolutely absolutely, Thank you so much. Lisa. I'm glad 716 00:35:45,640 --> 00:35:47,040 Speaker 3: you thalled that. 717 00:35:47,080 --> 00:35:49,799 Speaker 1: Was Charles Pain from Fox Business and Fox News. We 718 00:35:49,800 --> 00:35:52,040 Speaker 1: appreciate him making the time to join the show. Appreciate 719 00:35:52,040 --> 00:35:54,400 Speaker 1: you guys at home for listening every Tuesday and Thursday, 720 00:35:54,440 --> 00:35:56,680 Speaker 1: but you can listen throughout the week until next time.