Latest / Earn Your Leisure / Should Investors Worry About the Government Shutdown?
Transcript
- 0:00Speaker 1: An illegal alien from Guatemala charged with raping a child
- 0:03Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
- 0:07Speaker 1: accused of murdering a Texas man of Venezuelan charged with
- 0:11Speaker 1: filming and selling child pornography in Michigan. These are just
- 0:15Speaker 1: some of the heinous migrant criminals caught because of President
- 0:19Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
- 0:23Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
- 0:28Speaker 1: crossings are at the lowest levels ever recorded, and over
- 0:31Speaker 1: one hundred thousand illegal aliens have been arrested. If you
- 0:35Speaker 1: are here illegally, your next you will be fined nearly
- 0:39Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
- 0:43Speaker 1: never return. But if you register using our CBP home
- 0:46Speaker 1: app and leave now, you could be allowed to return legally.
- 0:50Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
- 0:55Speaker 1: border and families will.
- 0:57Speaker 2: Be protected sponsored by the United States Department of Homeland Security.
- 1:00Speaker 3: So the US is days away from a shutdown. Should
- 1:03Speaker 3: this cause concern for investors?
- 1:07Speaker 4: No, Normally this would I'm going to be clearless and
- 1:11Speaker 4: people are having a hard time paying rent and just
- 1:14Speaker 4: ready to go on high. This shut down won't mean anything.
- 1:16Speaker 4: This is more political gesturing. Normally, these shutdowns don't last
- 1:20Speaker 4: very long. I know some of you were concerned this
- 1:23Speaker 4: morning when you were messaging me. On a scale of
- 1:25Speaker 4: one to ten, this is a two. We have big
- 1:27Speaker 4: geopolitical concerns that are probably a level seven or eight.
- 1:32Speaker 4: It's a non factor. I don't care how long we're
- 1:34Speaker 4: shut down. It won't have that great of an impact
- 1:36Speaker 4: on the market overall. And plus we have to remember,
- 1:39Speaker 4: like investors, hedge funds, fund of funds, mutual funds have
- 1:43Speaker 4: to park capital somewhere, so that's not going to affect
- 1:46Speaker 4: those cycles.
- 1:47Speaker 2: That's the point.
- 1:47Speaker 4: We have a lot of tax loss harvesting events that
- 1:51Speaker 4: happen that may drop the market maybe one to two percent,
- 1:54Speaker 4: But overall, I think this is a non factor. Overall,
- 1:57Speaker 4: I think this is more political gesturing at a time
- 2:00Speaker 4: where we don't need it because there's not any great
- 2:04Speaker 4: dialogue and communication between both parties. If all the politicians
- 2:08Speaker 4: out there, we are ruining the country from inside out
- 2:11Speaker 4: by not getting along and not having a bipartisan approach.
- 2:15Speaker 4: I'm not a political expert and not going to be one,
- 2:19Speaker 4: but at some point, we have to learn how to
- 2:21Speaker 4: do better for our country more so than for your party.
- 2:25Speaker 2: And not to say Vivek went crazy.
- 2:27Speaker 4: And that debate, by the way, came who did the
- 2:34Speaker 4: Republican debate? Yeah, he told the chairman that you are
- 2:36Speaker 4: not running the party well and you're the cause of
- 2:38Speaker 4: our losses the last couple of years. If you, I'll
- 2:40Speaker 4: I'll give you two minutes of my time to come
- 2:42Speaker 4: up here and tell us why you've been running the
- 2:44Speaker 4: party so bad.
- 2:46Speaker 3: I'll say, a leather jacket edgy Come on, man.
- 2:49Speaker 5: Somebody said that that debating for a vice president, because
- 2:53Speaker 5: I agree, I mean they Yeah, it's actually a waste
- 2:57Speaker 5: of time what they're doing. But I guess it's not
- 2:58Speaker 5: a ways like I said, I mean, I guess if
- 2:59Speaker 5: you can rally support it and have a strong case
- 3:03Speaker 5: for vice president.
- 3:04Speaker 3: Yeah, because none of them will none of them will
- 3:06Speaker 3: win the nomination.
- 3:07Speaker 5: Hopefully he has a chance EF that doesn't either, none
- 3:10Speaker 5: of I don't think anybody does. And Trump actually held
- 3:12Speaker 5: the campaign rally at the same time as he that debate,
- 3:17Speaker 5: so I think he's not even really paying attention to
- 3:20Speaker 5: that too much.
- 3:21Speaker 6: Sixty uh in favor of them, So that's gonna be Trump.
- 3:25Speaker 7: Yeah, yeah, that's tough. That's just uphill battle that again.
- 3:29Speaker 3: Nikki Haley and Chris Christie and everybody thinks that they
- 3:33Speaker 3: all are.
- 3:36Speaker 2: Not enough cash.
- 3:37Speaker 5: Chris Christie's wasting his time because he's not going to
- 3:39Speaker 5: be because uh he's not gonna be Trump's running mate
- 3:42Speaker 5: because they have bad history.
- 3:43Speaker 3: So I don't know why he's even doing it. We'll see.
- 3:48Speaker 2: Yeah.
- 3:49Speaker 6: Yeah, So for investors, we shouldn't be concerned, but for
- 3:53Speaker 6: the federal.
- 3:54Speaker 7: Workers, they have to be concerned. You should be concerned.
- 3:57Speaker 8: Yeah, yeah, I don't want to make like not yes,
- 4:00Speaker 8: we're specifically to investors. Yeah, specifically, some.
- 4:03Speaker 7: Investor is not much concerned. But if you work in a.
- 4:05Speaker 6: Federal position, court mail with clerk, whatever, yes this is concerning.
- 4:10Speaker 6: But I feel like this is we've seen this story
- 4:12Speaker 6: how many times? I remember, like shock, maybe our second
- 4:15Speaker 6: episode we were covering a government shore in.
- 4:17Speaker 7: Twenty nineteen, and that's happened five times since. Earners. What's up?
- 4:24Speaker 7: You ever walk into a small business and everything just
- 4:26Speaker 7: works like the checkout is fast, the or seats are digital,
- 4:30Speaker 7: tipping is a breeze, and you're out the door before
- 4:33Speaker 7: the line even builds odds are they're using Square. We
- 4:37Speaker 7: love supporting businesses that run on Square because it just
- 4:40Speaker 7: feels seamless. Whether it's a local coffee shop, a vendor
- 4:43Speaker 7: at a pop up market, or even one of our
- 4:45Speaker 7: merch partners, Square makes it easy for them to take payments,
- 4:49Speaker 7: manage inventory, and run their business with confidence, all from
- 4:53Speaker 7: one simple system. If you're a business owner or even
- 4:57Speaker 7: just thinking about launching something soon, Square is hands down
- 5:00Speaker 7: one of the best tools out there to help you start,
- 5:03Speaker 7: run and grow. It's not just about payments, it's about
- 5:06Speaker 7: giving you time back so you can focus on what
- 5:09Speaker 7: matters most ready. To see how Square can transform your business,
- 5:13Speaker 7: visit Square dot com backslash go backslash eyl to learn
- 5:18Speaker 7: more that Square dot com backslash, go backslash eyl. Don't wait,
- 5:23Speaker 7: don't hesitate, let's Square handle the back end so you
- 5:26Speaker 7: can keep pushing your vision forward. This episode is brought
- 5:32Speaker 7: to you by P and C Bank. A lot of
- 5:34Speaker 7: people think podcasts about work are boring, and sure, they
- 5:38Speaker 7: definitely can be, but understanding a professionals routine shows us
- 5:42Speaker 7: how they achieve their success little by little, day after day.
- 5:46Speaker 7: It's like banking with P and C Bank. It might
- 5:49Speaker 7: seem boring to save, plan and make calculated decisions with
- 5:52Speaker 7: your bank, but keeping your money boring is what helps
- 5:55Speaker 7: you live or more happily fulfilled life. P and C
- 5:58Speaker 7: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
- 6:03Speaker 7: eighteen sixty five is a service mark of the PNC
- 6:06Speaker 7: Financial Service Group, Inc. P and C Bank National Association
- 6:10Speaker 7: Member FDIC.
- 6:13Speaker 1: An illegal alien from Guatemala charged with raping a child
- 6:17Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
- 6:21Speaker 1: accused of murdering a Texas man of Venezuelan charged with
- 6:25Speaker 1: filming and selling child pornography in Michigan. These are just
- 6:29Speaker 1: some of the heinous migrant criminals caught because of President
- 6:33Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
- 6:36Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
- 6:41Speaker 1: crossings are at the lowest levels ever recorded, and over
- 6:45Speaker 1: one hundred thousand illegal aliens have been arrested. If you
- 6:48Speaker 1: are here illegally, your next you will be fined nearly
- 6:52Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
- 6:56Speaker 1: never return but if you register using our CBP home
- 7:00Speaker 1: app and leave now, you could be allowed to return
- 7:03Speaker 1: legally do what's right. Leave now Under President Trump America's laws,
- 7:09Speaker 1: border and families will.
- 7:10Speaker 2: Be protected sponsored by the United States Department at Homeland Security.
- 7:14Speaker 8: I mean, we've seen this play out already. Political theater,
- 7:19Speaker 8: Big Fatty. You know, it's the build up for WrestleMania.
- 7:25Speaker 8: So so Rock and John Sena really don't hate each other,
- 7:27Speaker 8: and neither does the Republicans or Democrats.
- 7:29Speaker 7: But then what they have to do for they stay
- 7:31Speaker 7: in d C.
- 7:32Speaker 8: For the holidays, what will happen? We're going to get
- 7:37Speaker 8: it done because you have to get it done.
- 7:38Speaker 2: You have to.
- 7:39Speaker 7: You have to get it done.
- 7:41Speaker 3: Politics as usual.
- 7:42Speaker 4: Any chance that you think Biden doesn't run again run
- 7:46Speaker 4: what for the presidency?
- 7:48Speaker 2: Yeah?
- 7:48Speaker 5: No, I don't think there's no I think somebody had
- 7:51Speaker 5: said that he shouldn't run, right, was that axl Roots.
- 7:55Speaker 3: He had said that.
- 7:56Speaker 5: Then he kind of came back and tried to like
- 7:58Speaker 5: reverse his stance on it and say that he's not pushing
- 8:00Speaker 5: them not to.
- 8:00Speaker 4: Run and cause emails.
- 8:04Speaker 5: I don't think that there's any chance that he doesn't run.
- 8:06Speaker 5: I think that would what would be intelligent is to
- 8:11Speaker 5: have some level of a I don't want to say
- 8:16Speaker 5: it like this, I don't you know. I obviously I
- 8:18Speaker 5: don't wish death on anybody, but secession point, that's there's
- 8:20Speaker 5: a very good chance that he doesn't make it that like,
- 8:24Speaker 5: you know, if you're eighty two years old, if.
- 8:26Speaker 7: There's I that's what you're saying. If there's no health
- 8:29Speaker 7: reasons for him not to do the job.
- 8:31Speaker 5: Yeah, what I mean, I just look at it, like
- 8:32Speaker 5: the average life expectancy is seventy eight. I think something
- 8:38Speaker 5: like that for the average American man. So I think
- 8:41Speaker 5: he's eighty's eighty two.
- 8:43Speaker 7: He's turning eighty one this year. I believe or.
- 8:48Speaker 5: Job too, and you have the most stressful job in
- 8:50Speaker 5: the world. I don't know if he if you make
- 8:54Speaker 5: it another four years physically or just having the mental
- 8:58Speaker 5: capacity to actually, you know, do the job correctly. So
- 9:00Speaker 5: I think that if he reinforces like let's say his
- 9:04Speaker 5: vice president, right, if he reinforces faith in the vice president,
- 9:08Speaker 5: then you really are voting for two presidents at one
- 9:10Speaker 5: because you're voting for him.
- 9:11Speaker 3: If you choose to vote for him, you're voting for him.
- 9:13Speaker 5: But then you're voting for him to say, okay, well,
- 9:16Speaker 5: in the event that he's not able to finish out
- 9:18Speaker 5: his term, which there's a high probability that would not happen,
- 9:21Speaker 5: I feel comfortable with the vice president, right, so essentially
- 9:24Speaker 5: it's a vote for her as well.
- 9:27Speaker 6: So seventy three life experen seventy three and he's eighty
- 9:30Speaker 6: two he's turning to His birthday is actually on Sunday,
- 9:33Speaker 6: So how old is he turning? He's turned eighty one,
- 9:35Speaker 6: eighty one, all right, so he's ready. He's a very
- 9:37Speaker 6: he's a veray ten years past birth. He's already almost
- 9:40Speaker 6: ten years past the average life expectancy. And as I said,
- 9:45Speaker 6: he has the most stressful job in the world.
- 9:47Speaker 3: So sor.
- 9:49Speaker 5: It's going to be interesting to see. But I don't
- 9:51Speaker 5: think that he's not going to run. I think he's
- 9:53Speaker 5: definitely going to run. But I would if I was
- 9:58Speaker 5: in his camp, I would definitely try to highlight the
- 10:02Speaker 5: vice president more because that would probably give voters more
- 10:08Speaker 5: confidence as opposed to know him at this age. And
- 10:15Speaker 5: you know, mental capacity a lot of people don't are
- 10:19Speaker 5: not confident and his cognitive skills at this point in time.
- 10:25Speaker 8: Cognitive skills word of today, not to be confused with
- 10:30Speaker 8: nounsruck skills.
- 10:35Speaker 1: An illegal alien from Guatemala charged with raping a child
- 10:39Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
- 10:43Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
- 10:47Speaker 1: filming and selling child pornography in Michigan. These are just
- 10:51Speaker 1: some of the heinous migrant criminals caught because of President
- 10:55Speaker 1: Donald J. Trump's leadership. I'm Christinom, the United States Secretary
- 10:59Speaker 1: of Homeland Security. Under President Trump, attempted illegal border crossings
- 11:04Speaker 1: are at the lowest levels ever recorded, and over one
- 11:07Speaker 1: hundred thousand illegal aliens.
- 11:09Speaker 2: Have been arrested.
- 11:10Speaker 1: If you are here illegally, your next you will be
- 11:13Speaker 1: fine nearly one thousand dollars a day, imprisoned and deported,
- 11:18Speaker 1: you will never return. But if you register using our
- 11:21Speaker 1: CBP home app and leave now, you could be allowed
- 11:24Speaker 1: to return legally. Do what's right, leave now. Under President Trump,
- 11:29Speaker 1: America's laws, border and families will be protected.
- 11:33Speaker 2: Sponsored by the United States Department of Homeland Security,