1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,960 --> 00:00:35,600 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,600 --> 00:00:38,840 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,280 --> 00:00:42,000 Speaker 1: National Association Member FDIC. 13 00:00:44,600 --> 00:00:45,279 Speaker 2: Erness What's Up? 14 00:00:45,360 --> 00:00:47,839 Speaker 1: You ever walk into a small business and everything just 15 00:00:47,960 --> 00:00:51,159 Speaker 1: works like the checkout is fast, the receipts are digital, 16 00:00:51,680 --> 00:00:54,640 Speaker 1: tipping is a breeze, and you're out the door before 17 00:00:54,680 --> 00:00:58,840 Speaker 1: the line even builds. Odds are they're using Square? We 18 00:00:58,960 --> 00:01:01,520 Speaker 1: love supporting business that run on Square because it just 19 00:01:01,560 --> 00:01:04,800 Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor 20 00:01:04,840 --> 00:01:06,959 Speaker 1: at a pop up market, or even one. 21 00:01:06,840 --> 00:01:07,960 Speaker 2: Of our merch partners. 22 00:01:08,200 --> 00:01:12,000 Speaker 1: Square makes it easy for them to take payments, manage inventory, 23 00:01:12,080 --> 00:01:15,880 Speaker 1: and run their business with confidence, all from one simple system. 24 00:01:16,440 --> 00:01:19,039 Speaker 1: If you're a business owner or even just thinking about 25 00:01:19,120 --> 00:01:22,200 Speaker 1: launching something soon, Square is hands down one of the 26 00:01:22,240 --> 00:01:25,680 Speaker 1: best tools out there to help you start, run and grow. 27 00:01:25,959 --> 00:01:28,959 Speaker 1: It's not just about payments, it's about giving you time 28 00:01:29,040 --> 00:01:30,640 Speaker 1: back so you can focus on. 29 00:01:30,560 --> 00:01:32,000 Speaker 2: What matters most ready. 30 00:01:32,040 --> 00:01:35,399 Speaker 1: To see how Square can transform your business, visit Square 31 00:01:35,480 --> 00:01:40,160 Speaker 1: dot com backslash, go backslash eyl to learn more. That's 32 00:01:40,200 --> 00:01:45,640 Speaker 1: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate. 33 00:01:45,760 --> 00:01:48,160 Speaker 1: Let's Square handle the back end so you can keep 34 00:01:48,160 --> 00:01:49,400 Speaker 1: pushing your vision forward. 35 00:01:51,760 --> 00:01:54,960 Speaker 2: So what are the black swans that could present themselves 36 00:01:54,960 --> 00:01:58,960 Speaker 2: in twenty twenty four? In twenty twenty five, So. 37 00:02:00,080 --> 00:02:03,720 Speaker 3: I've been talking to that's entrepreneur. All of us feel 38 00:02:03,720 --> 00:02:05,920 Speaker 3: like something is happening, but no one is talking about 39 00:02:05,920 --> 00:02:07,960 Speaker 3: it. It kind of feels like twenty twenty but we haven't 40 00:02:08,000 --> 00:02:13,120 Speaker 3: had COVID present itself. So number one a major cyber attack. 41 00:02:13,320 --> 00:02:16,040 Speaker 3: We'll talk about the Netflix and Facebook stuff later, but 42 00:02:18,000 --> 00:02:22,720 Speaker 3: major cyber attack one. Taiwan had the earthquake issue number three, 43 00:02:22,800 --> 00:02:30,040 Speaker 3: labor migration issue number four, interest raight inflation, politically, globalization, energy, 44 00:02:30,080 --> 00:02:33,280 Speaker 3: and then China unraveling if we don't come to terms 45 00:02:33,280 --> 00:02:37,119 Speaker 3: together and find a way to have a healthy partnership. 46 00:02:37,200 --> 00:02:39,200 Speaker 3: So I think the cyber attack could be number one. 47 00:02:39,240 --> 00:02:41,919 Speaker 3: I know a lot of companies are talking about data 48 00:02:41,960 --> 00:02:44,000 Speaker 3: being breached. I'm going to be honest with you. I 49 00:02:44,000 --> 00:02:45,720 Speaker 3: think a lot of these companies are selling their data 50 00:02:45,720 --> 00:02:49,400 Speaker 3: because they need revenue. But there are some major cyber 51 00:02:49,440 --> 00:02:54,320 Speaker 3: attacks that have happened, like the one in Vegas last year, 52 00:02:54,360 --> 00:02:56,440 Speaker 3: and I think there'll be another one this year. So 53 00:02:56,480 --> 00:02:58,320 Speaker 3: those are the main ones that we have to worry about. 54 00:02:58,320 --> 00:03:00,760 Speaker 3: But my biggest fear of a couple of these happened together, 55 00:03:01,320 --> 00:03:04,959 Speaker 3: like a extreme weather event tied together with cyber attack. 56 00:03:06,480 --> 00:03:10,680 Speaker 3: Interest rates adjust too much, the bond market adjusts too fast. 57 00:03:11,480 --> 00:03:13,720 Speaker 3: I think it can cause hell on Earth for the 58 00:03:13,800 --> 00:03:15,760 Speaker 3: next eighteen to twenty four months. 59 00:03:16,320 --> 00:03:17,200 Speaker 2: But what do you guys think? 60 00:03:17,680 --> 00:03:21,000 Speaker 1: I think it's interesting, especially when you talked about the 61 00:03:21,000 --> 00:03:24,760 Speaker 1: Taiwan situation, because it's been in the news and I 62 00:03:24,760 --> 00:03:28,000 Speaker 1: feel like something's happening. The way that the United States 63 00:03:28,040 --> 00:03:35,080 Speaker 1: is prepared TSM to be to have founderies built in Arizona. Today, 64 00:03:35,160 --> 00:03:37,960 Speaker 1: we saw that the six point six billion dollars incentives 65 00:03:38,000 --> 00:03:39,360 Speaker 1: are going to be given to them. 66 00:03:39,600 --> 00:03:41,600 Speaker 2: I feel like something is brewing. 67 00:03:41,680 --> 00:03:46,040 Speaker 1: Something's and Wall Street Journal produced an article about the 68 00:03:46,160 --> 00:03:49,720 Speaker 1: impact if something was to happen. When we're talking about 69 00:03:49,880 --> 00:03:54,240 Speaker 1: catastrophic events, that invasion would be catastrophic not only for 70 00:03:54,400 --> 00:03:57,000 Speaker 1: their economy, but the world's economy. When you think about 71 00:03:57,160 --> 00:04:01,440 Speaker 1: especially the companies that we talk about, or Microsoft, all 72 00:04:01,520 --> 00:04:04,880 Speaker 1: of them are clients and customers. So you can imagine 73 00:04:04,920 --> 00:04:08,040 Speaker 1: if something happens to one of these these these foundaries 74 00:04:08,120 --> 00:04:11,880 Speaker 1: or these semi conductive plants, if something happens, we're talking 75 00:04:12,400 --> 00:04:17,359 Speaker 1: like catastrophic measurements are going to be shown throughout the economy, 76 00:04:17,400 --> 00:04:19,239 Speaker 1: especially in the tech space for sure. 77 00:04:19,720 --> 00:04:20,520 Speaker 2: So that's interesting. 78 00:04:20,560 --> 00:04:24,480 Speaker 1: We saw that secretary yelling is in China today, So 79 00:04:24,520 --> 00:04:26,960 Speaker 1: anytime you start seeing moving pieces like that, I think 80 00:04:26,960 --> 00:04:27,600 Speaker 1: it's important. 81 00:04:27,640 --> 00:04:29,880 Speaker 2: The other one is, I mean, I felt. 82 00:04:29,680 --> 00:04:31,240 Speaker 1: Like we had a black swan right right when we 83 00:04:31,279 --> 00:04:34,240 Speaker 1: saw the pandemic, when we saw the coronavirus or that 84 00:04:34,720 --> 00:04:39,760 Speaker 1: alleged coronavirus, right. So I noticed that you didn't put 85 00:04:40,080 --> 00:04:42,520 Speaker 1: that in there, because I've been hearing reports. I'm not 86 00:04:42,520 --> 00:04:44,200 Speaker 1: sure if you I'm sure you saw you see everything 87 00:04:45,520 --> 00:04:47,840 Speaker 1: this suspected bird flu that could be. 88 00:04:48,080 --> 00:04:50,479 Speaker 2: Oh yeah, I forgot to even mention that. Yeah, I was. 89 00:04:50,800 --> 00:04:54,360 Speaker 1: I'm like, do you think you said cyber attack? But 90 00:04:54,480 --> 00:04:59,920 Speaker 1: could it be a bio attack again or allegedly, I. 91 00:04:59,880 --> 00:05:00,440 Speaker 2: Mean it could be. 92 00:05:00,520 --> 00:05:03,480 Speaker 3: I mean, listen, lightning struck the Statue of Liberty. Y'all 93 00:05:03,480 --> 00:05:06,840 Speaker 3: had an earthquake. TSM could have an earthquake throughout the 94 00:05:07,000 --> 00:05:07,919 Speaker 3: entire market in Kaitlin. 95 00:05:07,960 --> 00:05:08,720 Speaker 2: Clark lost all. 96 00:05:08,680 --> 00:05:12,760 Speaker 3: In one week, spooky hours, y'all like shout shout to 97 00:05:12,800 --> 00:05:14,839 Speaker 3: Don Staley, one of the greatest all times. 98 00:05:14,600 --> 00:05:17,039 Speaker 2: Out to South Carolina. Shit feels weird. 99 00:05:17,400 --> 00:05:21,680 Speaker 3: It's something like the market is steadily climbing, have a 100 00:05:21,720 --> 00:05:24,080 Speaker 3: slow pullback of the climb back up, and everyone's want 101 00:05:24,120 --> 00:05:26,200 Speaker 3: to act wants to act as if nothing is really 102 00:05:26,279 --> 00:05:30,800 Speaker 3: going on. The bird flow issues, of course, one geopolitical 103 00:05:30,839 --> 00:05:37,240 Speaker 3: stuff like Ali Baba still has not moved. I haven't 104 00:05:37,279 --> 00:05:39,799 Speaker 3: seen a picture of Jack mine two and a half. 105 00:05:39,680 --> 00:05:43,000 Speaker 2: Years he has. 106 00:05:43,200 --> 00:05:46,359 Speaker 1: Yeah, it's because every time you look, even from a 107 00:05:46,360 --> 00:05:48,880 Speaker 1: standpoint of a technical when you look at the technicals, 108 00:05:49,400 --> 00:05:52,800 Speaker 1: if you listen around, there's a commons like consensus that 109 00:05:52,960 --> 00:05:56,480 Speaker 1: oh it's it's gonna rebound next three months. 110 00:05:56,600 --> 00:05:56,840 Speaker 2: Next. 111 00:05:56,839 --> 00:05:59,320 Speaker 1: It's been going on for like three three years now 112 00:05:59,360 --> 00:06:00,720 Speaker 1: and we just haven't seen it. 113 00:06:00,880 --> 00:06:01,800 Speaker 2: Yeah, we haven't seen it. 114 00:06:02,120 --> 00:06:04,800 Speaker 1: Then there was the talks of them dividing into six companies, 115 00:06:04,839 --> 00:06:07,719 Speaker 1: and we thought that could be beneficial. Then that gets asked, 116 00:06:08,480 --> 00:06:12,279 Speaker 1: you talked about the leadership. There's something interesting going on 117 00:06:12,400 --> 00:06:15,760 Speaker 1: with that company that I can't figure out. I can't 118 00:06:15,760 --> 00:06:18,440 Speaker 1: figure out, so it makes it very tough to look 119 00:06:18,480 --> 00:06:20,600 Speaker 1: at too it to say all right, this is something 120 00:06:20,640 --> 00:06:22,560 Speaker 1: I want to invest in, or even you know, put 121 00:06:22,560 --> 00:06:23,479 Speaker 1: a call or short on. 122 00:06:23,839 --> 00:06:28,280 Speaker 2: It's just too it's too risky for me. Yeah, I 123 00:06:28,400 --> 00:06:31,480 Speaker 2: can't do it. Keep your eyes open. 124 00:06:31,520 --> 00:06:34,359 Speaker 3: Black Swan events come at a time when you don't 125 00:06:34,480 --> 00:06:36,320 Speaker 3: expect them. I know the doom and gloomers are going 126 00:06:36,360 --> 00:06:39,039 Speaker 3: crazy right now. But as an investor, you always have 127 00:06:39,120 --> 00:06:41,080 Speaker 3: to write down first. And this is one thing that 128 00:06:41,120 --> 00:06:43,080 Speaker 3: I love that you do with shot like what can 129 00:06:43,160 --> 00:06:46,040 Speaker 3: kill the deal? Like what can make the market fall apart? 130 00:06:46,279 --> 00:06:49,120 Speaker 3: You have to know that first before you know the upside. 131 00:06:49,360 --> 00:06:52,480 Speaker 3: Protect for the downside first, but write down twenty scenarios 132 00:06:52,480 --> 00:06:56,560 Speaker 3: that could happen that can negatively affect the market. What 133 00:06:56,680 --> 00:06:58,480 Speaker 3: price you will want to get in and then take 134 00:06:58,520 --> 00:07:01,520 Speaker 3: advantage of it, for sure. But twenty nineteen, when we 135 00:07:01,640 --> 00:07:04,920 Speaker 3: kept hitting these new highs, I remember being on a 136 00:07:04,960 --> 00:07:07,400 Speaker 3: trading called a red Panther. Then like feels like something coming, 137 00:07:07,400 --> 00:07:09,800 Speaker 3: and then February happened. I remember Drew telling me, hey, 138 00:07:09,800 --> 00:07:13,640 Speaker 3: I was on the plane. He got sick death least 139 00:07:13,680 --> 00:07:15,520 Speaker 3: like three weeks he had a flu. 140 00:07:15,360 --> 00:07:19,120 Speaker 2: And then he comes coronavirus. So keep your eyes open. 141 00:07:19,240 --> 00:07:19,920 Speaker 2: Something's happening. 142 00:07:19,960 --> 00:07:21,520 Speaker 3: I don't know what it is. Maybe Robert F. Kennedy 143 00:07:21,520 --> 00:07:23,360 Speaker 3: toll tell us after he doesn't win an election, but 144 00:07:24,400 --> 00:07:26,880 Speaker 3: you know things about like Rock went on Fox News 145 00:07:26,880 --> 00:07:28,480 Speaker 3: and said, I don't endorse Biden. 146 00:07:28,520 --> 00:07:33,880 Speaker 2: I told you the Republicans came for right. They had 147 00:07:33,920 --> 00:07:35,880 Speaker 2: the weekend too with that WrestleMania though. 148 00:07:35,800 --> 00:07:38,960 Speaker 3: Absolutely, but think about that even in perspective of invests. 149 00:07:39,480 --> 00:07:44,240 Speaker 3: The Friday night event record view sixteen thousand, but investors 150 00:07:44,360 --> 00:07:45,239 Speaker 3: at twenty thousand. 151 00:07:45,280 --> 00:07:45,600 Speaker 2: Easy. 152 00:07:46,680 --> 00:07:49,240 Speaker 1: Yeah, that was the first time I've seen that. You know, 153 00:07:49,280 --> 00:07:51,440 Speaker 1: you grow up watching it. It was always like that Sunday, 154 00:07:51,600 --> 00:07:53,880 Speaker 1: and yeah, this year it was like a three day, 155 00:07:54,320 --> 00:07:55,480 Speaker 1: three day on Saturday. 156 00:07:55,520 --> 00:07:57,840 Speaker 2: I'm like, what is this? Yeah, it was different. Big 157 00:07:57,880 --> 00:07:59,920 Speaker 2: time money, big time money. Oh so what happened? 158 00:07:59,920 --> 00:08:03,480 Speaker 3: You said, sixteen thousand people came to the WrestleMania to 159 00:08:03,520 --> 00:08:05,640 Speaker 3: the Friday Night NXT event, which is like a record 160 00:08:05,680 --> 00:08:07,400 Speaker 3: for them, but in their Paris and invest that's been 161 00:08:07,440 --> 00:08:08,480 Speaker 3: at twenty something thousand. 162 00:08:08,720 --> 00:08:10,120 Speaker 1: Yeah, so they made it a three day weeks so 163 00:08:10,280 --> 00:08:12,960 Speaker 1: inside of an arena for Friday. Then they had the 164 00:08:13,000 --> 00:08:17,200 Speaker 1: Eagle Stadium for Saturday. Yep, like eighty thousand, and they 165 00:08:17,200 --> 00:08:19,120 Speaker 1: did it again Sunday with another eighty thousand. 166 00:08:19,200 --> 00:08:22,080 Speaker 2: So big numbers, big numbers. And I know what I 167 00:08:22,080 --> 00:08:22,920 Speaker 2: put on on Twitter. 168 00:08:22,960 --> 00:08:24,640 Speaker 3: I know it may not be reflected in the stock price, 169 00:08:24,680 --> 00:08:27,000 Speaker 3: but we have to add a conversation. Triple H and 170 00:08:27,040 --> 00:08:29,240 Speaker 3: the Rock may have to get in the war for 171 00:08:29,280 --> 00:08:32,280 Speaker 3: best turnaround, CEO and Triple H may have to get 172 00:08:32,280 --> 00:08:33,840 Speaker 3: in the war for the best finester of all time. 173 00:08:34,160 --> 00:08:36,520 Speaker 3: You took Vincent's man daughter married and took the company 174 00:08:36,520 --> 00:08:39,920 Speaker 3: from him with Black Rock, and now put out the 175 00:08:39,920 --> 00:08:43,559 Speaker 3: scandal on them, and now you've raised Supreme and. 176 00:08:43,520 --> 00:08:46,240 Speaker 2: They brought everybody back. Man. Yeah, he got to. 177 00:08:46,600 --> 00:08:48,520 Speaker 1: You got the Rocks showing up in every city, which 178 00:08:48,559 --> 00:08:50,720 Speaker 1: helps intendance and helped you could bring up the prices. 179 00:08:50,720 --> 00:08:53,800 Speaker 1: You brought the other taker back. You brought John Cena back. 180 00:08:53,840 --> 00:08:58,240 Speaker 2: It was a how you got Austin. That was the 181 00:08:58,240 --> 00:09:01,560 Speaker 2: one that was nicknamed. That was the only one he 182 00:09:01,640 --> 00:09:02,080 Speaker 2: was missing. 183 00:09:02,240 --> 00:09:05,880 Speaker 4: An illegal alien from Guatemala charged with raping a child 184 00:09:05,920 --> 00:09:09,719 Speaker 4: in Massachusetts. An MS thirteen gang member from Al Salvador 185 00:09:09,960 --> 00:09:14,080 Speaker 4: accused of murdering a Texas man of Venezuelan charged with 186 00:09:14,160 --> 00:09:18,040 Speaker 4: filming and selling child pornography in Michigan. These are just 187 00:09:18,160 --> 00:09:21,920 Speaker 4: some of the heinous migrant criminals caught because of President 188 00:09:21,960 --> 00:09:25,480 Speaker 4: Donald J. Trump's leadership. I'm Christy Noman, the United States 189 00:09:25,559 --> 00:09:30,320 Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border 190 00:09:30,360 --> 00:09:33,920 Speaker 4: crossings are at the lowest levels ever recorded, and over 191 00:09:34,000 --> 00:09:37,200 Speaker 4: one hundred thousand illegal aliens have been arrested. If you 192 00:09:37,280 --> 00:09:41,120 Speaker 4: are here illegally, your next you will be fined nearly 193 00:09:41,200 --> 00:09:45,240 Speaker 4: one thousand dollars a day, imprisoned, and deported. You will 194 00:09:45,280 --> 00:09:48,920 Speaker 4: never return. But if you register using our CBP home 195 00:09:48,960 --> 00:09:52,319 Speaker 4: app and leave now, you could be allowed to return legally. 196 00:09:52,679 --> 00:09:57,439 Speaker 4: Do what's right. Leave now. Under President Trump, America's laws, 197 00:09:57,600 --> 00:10:00,000 Speaker 4: border and families will be protected. 198 00:10:00,160 --> 00:10:02,280 Speaker 2: Sponsored by the United States Department of Homeland Security,