Latest / Earn Your Leisure / Cliff Notes: Chevron's Record Breaking Year, & Digital Only Restaurants

Transcript

Cliff Notes: Chevron's Record Breaking Year, & Digital Only Restaurants · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security, Chevron.
• 1:01
  Speaker 3: Chevron has a record breaking twenty twenty two profits were
• 1:07
  Speaker 3: thirty five billion for the year. Well their historic run
• 1:11
  Speaker 3: continuing twenty twenty three. Chevron nobody's ever talking about Chevron.
• 1:15
  Speaker 3: That's the crazy thing about it, Like, who's ever talking
• 1:17
  Speaker 3: about Chevron Oil? Yeah, I mean, I mean, I'm just
• 1:22
  Speaker 3: about just in general what they've got you, the general.
• 1:25
  Speaker 4: World got you.
• 1:26
  Speaker 3: Oil is not dead apparently, so let's talk about that.
• 1:31
  Speaker 5: Yeah, if you look at the number one sector last year,
• 1:32
  Speaker 5: it was energy. So I think energy was up twenty
• 1:35
  Speaker 5: three percent last year or something like that. These are
• 1:39
  Speaker 5: one of those necessities when we talk about the things
• 1:41
  Speaker 5: that you will need, right, these things are necessities, assuming
• 1:45
  Speaker 5: sables necessities.
• 1:47
  Speaker 4: Energy is a necessity. Chevron had a great quarter and.
• 1:50
  Speaker 5: And I let you touch on it a little bit,
• 1:52
  Speaker 5: but I mean tomorrow we're going to see another company
• 1:54
  Speaker 5: that nobody talks about that's probably gonna have an even
• 1:57
  Speaker 5: better quarter in excellent right looking at what do they
• 2:01
  Speaker 5: do thirty five billion they're looking at estimated a fifty
• 2:04
  Speaker 5: six to fifty nine billion in revenue for the year.
• 2:08
  Speaker 5: So energy is one of those those sectors. Man, when
• 2:12
  Speaker 5: when you get the timing right on it and you
• 2:14
  Speaker 5: look at the world factors, obviously that the crisis in Russia,
• 2:17
  Speaker 5: we've seen you know, all prices spike and we you know,
• 2:20
  Speaker 5: we haven't had a solution there yet. So this is
• 2:23
  Speaker 5: one of those sectors, man, you got you gotta look
• 2:25
  Speaker 5: at and this is a Star Wars. This is one
• 2:27
  Speaker 5: of those those legacy brands, especially when the.
• 2:31
  Speaker 6: Come on you and teach your mode.
• 2:32
  Speaker 4: Let's go. It's because teach us. It was a Texas reference.
• 2:39
  Speaker 6: I got it.
• 2:41
  Speaker 5: Yeah, It's just one of those those those legacy companies
• 2:44
  Speaker 5: that you know, we we don't think about when we
• 2:46
  Speaker 5: think of investors because it's just it's not sexy enough,
• 2:49
  Speaker 5: you know, it's just not sexy enough. But there's growth
• 2:52
  Speaker 5: there if you get into the right uh, if you
• 2:54
  Speaker 5: get it at the right number.
• 2:57
  Speaker 7: Yeah, Chevron is the second most dominant player in energy space.
• 3:01
  Speaker 6: Amazing management. Also, please write this down.
• 3:03
  Speaker 7: Anytime that oil or energy companies go up a lot,
• 3:06
  Speaker 7: it's usually as signed that we are in a recession.
• 3:09
  Speaker 7: So one of the indicators I'm looking at I've told
• 3:11
  Speaker 7: you before to see if we come out of a
• 3:14
  Speaker 7: recession is how well China's COVID policy is reversed. So
• 3:19
  Speaker 7: when they start to let people come out of mass
• 3:21
  Speaker 7: number two, how well Ali Baba does number three? I'm
• 3:24
  Speaker 7: looking at Chevron to see how well they do this year.
• 3:28
  Speaker 7: What should be an indication on if we are in
• 3:31
  Speaker 7: a recession or not. So if you go back to
• 3:33
  Speaker 7: for years is nineteen eighty five IPO. The low of
• 3:39
  Speaker 7: that year was seven dollars and thirty one cent. By
• 3:41
  Speaker 7: two thousand and two it was at thirty two dollars
• 3:43
  Speaker 7: and fifty cent, which is a great load of boat
• 3:45
  Speaker 7: price for the stock, so incredible return from there. From
• 3:49
  Speaker 7: two thousand and two up to twenty sixteen it was
• 3:52
  Speaker 7: at seventy seven dollars and eighty four cent, another great
• 3:55
  Speaker 7: load the boat price, and twenty twenty it came down
• 3:57
  Speaker 7: to fifty dollars and ninety seven cent.
• 4:00
  Speaker 6: From there, I went from fifty to one seventy four.
• 4:03
  Speaker 6: This why I always say two.
• 4:05
  Speaker 7: I'm not trying to play both sides of the coin,
• 4:07
  Speaker 7: but this is why I say you need to hold
• 4:08
  Speaker 7: for five years minimum, ideally thirty to maximize your wealth
• 4:13
  Speaker 7: and invest in the top two companies. Chevron has amazing management.
• 4:17
  Speaker 7: I don't think they'll have the same kind of run
• 4:19
  Speaker 7: this year, but if they get.
• 4:21
  Speaker 4: To like.
• 4:24
  Speaker 7: One oh two forty six sometime this year or next year,
• 4:29
  Speaker 7: I will be really happy, and I'll see it going
• 4:30
  Speaker 7: back up to like one seventy two from the entry point.
• 4:34
  Speaker 7: But yeah, I don't think they'll have the same record
• 4:37
  Speaker 7: breaking the year that they did last year, but it
• 4:39
  Speaker 7: is absolutely an amazing company.
• 4:41
  Speaker 5: We keep those things, like you said, recession, inflation, all
• 4:43
  Speaker 5: these things played into a role. We talk about gas
• 4:46
  Speaker 5: prices going up, oil prices going up, obviously the profits
• 4:48
  Speaker 5: are going to go up as well for the company
• 4:49
  Speaker 5: that's producing it.
• 4:51
  Speaker 7: So almost every asset class works if you hold it
• 4:55
  Speaker 7: for a long period of time. The biggest mistake we
• 4:59
  Speaker 7: make is whole and on to ask us for too little,
• 5:01
  Speaker 7: And sometimes we do them personal relationships to like, you
• 5:04
  Speaker 7: gotta because you're smart, But everyone in the audience and
• 5:07
  Speaker 7: everyone watching, have you ever like held onto a bad
• 5:09
  Speaker 7: relationship too long and then you have something good.
• 5:11
  Speaker 6: And you're like, let me let that go.
• 5:13
  Speaker 7: We'll often do the same thing with a great company
• 5:17
  Speaker 7: versus a bad one, Like when everyone was aims game
• 5:20
  Speaker 7: stop and AMC crazy. I didn't hear anyone mentioned the
• 5:22
  Speaker 7: X really well Chevron and he's panned out to be
• 5:25
  Speaker 7: too Really the stocks a.
• 5:26
  Speaker 6: Hole for the long term?
• 5:28
  Speaker 3: Well yeah, all right, well, well we'll monitor the situation.
• 5:37
  Speaker 6: Can we monitor and bring Hi shut out?
• 5:39
  Speaker 4: Please chill out?
• 5:46
  Speaker 6: Yeah? We're gonna chill.
• 5:47
  Speaker 3: You can't can't go crazy every week.
• 5:50
  Speaker 7: You gotta you know, take I learned that the hard
• 5:53
  Speaker 7: way to be diplomatic.
• 5:56
  Speaker 4: Diplomatic this time around.
• 5:58
  Speaker 6: And you need mean to get the love the jacket.
• 6:00
  Speaker 6: I can go back to my normal.
• 6:01
  Speaker 3: State diplomatic man.
• 6:05
  Speaker 4: Hit the like, but.
• 6:07
  Speaker 3: And share this video please. You know, Kevin sam used
• 6:12
  Speaker 3: to He used to just not even talk until they
• 6:14
  Speaker 3: got a certain.
• 6:15
  Speaker 4: Amount of likes.
• 6:16
  Speaker 6: We should do the same thing.
• 6:19
  Speaker 3: Rest in peace, Kevin Samuel to the Godfather. God Father.
• 6:26
  Speaker 7: Yes, I know we talked about it on CNBC, but
• 6:29
  Speaker 7: I think it's a huge mistake that match took an
• 6:33
  Speaker 7: mt ch or hinge or bumble. I think they took
• 6:37
  Speaker 7: his beat and bo did not grab him or any
• 6:41
  Speaker 7: of the people in the dating space to put their
• 6:44
  Speaker 7: content exclusively on their app. Huge mistake. Match, give us
• 6:49
  Speaker 7: a call. I got a couplets, Ernest, what's up?
• 6:52
  Speaker 8: You ever walk into a small business and everything just
• 6:55
  Speaker 8: works like the checkout is fast, the receipts of digital
• 6:59
  Speaker 8: tipping is a base and you're out the door before
• 7:01
  Speaker 8: the line even builds. Odds are they're using Square? We
• 7:06
  Speaker 8: love supporting businesses that run on Square. Because it just
• 7:08
  Speaker 8: feels seamless. Whether it's a local coffee shop, a vendor
• 7:12
  Speaker 8: at a pop up market, or even one of our
• 7:14
  Speaker 8: merch partners, Square makes it easy for them to take payments,
• 7:18
  Speaker 8: manage inventory, and run their business with confidence, all from
• 7:22
  Speaker 8: one simple system. If you're a business owner or even
• 7:25
  Speaker 8: just thinking about launching something soon, Square is hands down
• 7:29
  Speaker 8: one of the best tools out there to help you start,
• 7:31
  Speaker 8: run and grow. It's not just about payments, it's about
• 7:35
  Speaker 8: giving you time back so you can focus on what
• 7:38
  Speaker 8: matters most Ready. To see how Square can transform your business,
• 7:42
  Speaker 8: visit Square dot com backslash go backslash eyl to learn
• 7:46
  Speaker 8: more that Square dot com backslash, go backslash eyl. Don't wait,
• 7:52
  Speaker 8: don't hesitate. Let's Square handle the back end so you
• 7:55
  Speaker 8: can keep pushing your vision forward. This episode is brought
• 8:01
  Speaker 8: to you by P and C Bank. A lot of
• 8:03
  Speaker 8: people think podcasts about work are boring, and sure, they
• 8:07
  Speaker 8: definitely can be, but understanding a professionals routine shows us
• 8:10
  Speaker 8: how they achieve their success little by little, day after day.
• 8:15
  Speaker 8: It's like banking with P and C Bank, it might
• 8:18
  Speaker 8: seem boring to save, plan and make calculated decisions with
• 8:21
  Speaker 8: your bank, but keeping your money boring is what helps
• 8:24
  Speaker 8: you live a more happily fulfilled life. P and C
• 8:27
  Speaker 8: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
• 8:32
  Speaker 8: eighteen sixty five is a service mark of the PNC
• 8:35
  Speaker 8: Financial Service Group, Inc. P and C Bank National Association
• 8:39
  Speaker 8: Member FDIC.
• 8:42
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 8:45
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 8:49
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 8:54
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 8:58
  Speaker 1: some of the heinous migrant crimine caught because of President
• 9:01
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 9:05
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 9:10
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 9:13
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 9:17
  Speaker 1: are here illegally, your next you will be fine nearly
• 9:21
  Speaker 1: one thousand dollars a day. Imprisoned and deported, you will
• 9:25
  Speaker 1: never return. But if you register using our CBP home
• 9:28
  Speaker 1: app and leave now, you could be allowed to return legally.
• 9:32
  Speaker 1: Do what's right leave now. Under President Trump, America's laws,
• 9:37
  Speaker 1: border and families will be protected.
• 9:40
  Speaker 2: Sponsored by the United States Department of Homeland Security FISS.
• 9:42
  Speaker 7: Because y'all stock getting beat up too, So Valentine's Day
• 9:46
  Speaker 7: around a corner.
• 9:47
  Speaker 6: Hey, if you need to.
• 9:48
  Speaker 7: Get your love life together, match call us, well we
• 9:50
  Speaker 7: can you know, I think matches at fifty two bucks
• 9:52
  Speaker 7: right now is at one eighty two back in twenty
• 9:54
  Speaker 7: twenty one. Your stock is taken up, pounding like how
• 9:59
  Speaker 7: some of you are on valast You know what I'm saying,
• 10:01
  Speaker 7: just kidding. These are jokes written by eighty five sons
• 10:04
  Speaker 7: Charlet Magne the God and Andrew Schultz the Boy. Funny
• 10:10
  Speaker 7: gotta protect froviten you know Britch found, British found.
• 10:17
  Speaker 6: Hey, Dad Joke King comedy special. It is coming soon.
• 10:20
  Speaker 4: Let's go.
• 10:23
  Speaker 6: But what do I know? Mexico Ian Azulian is different?
• 10:27
  Speaker 4: Yo man coup in season.
• 10:31
  Speaker 3: As Valentine's Day, It's fastly approaching, approaching.
• 10:38
  Speaker 4: I hope everybody's everything.
• 10:39
  Speaker 6: Start acting right.
• 10:40
  Speaker 4: You've earned your.
• 10:42
  Speaker 3: Love and your love Thomas days here, man, he's here.
• 10:47
  Speaker 7: Can we get me and Brittany right on the first episode,
• 10:49
  Speaker 7: But then hey, y'all.
• 10:52
  Speaker 6: Hey, Brittany was spopping.
• 10:56
  Speaker 4: What are we doing?
• 10:57
  Speaker 6: Hey?
• 10:59
  Speaker 4: Yeah, no, there you have it.
• 11:03
  Speaker 7: Shout out to Amber Rows, Amber Wild and lately he
• 11:08
  Speaker 7: Amber oh Man. Yes, yes, hey, y'all boy.
• 11:20
  Speaker 4: Very important. Well, I'm wanna talk about these restaurants situations.
• 11:26
  Speaker 3: So many restaurants are beginning to test digital only restaurants.
• 11:33
  Speaker 3: How this affects the economy over the next decade. What
• 11:38
  Speaker 3: is a digital only restaurant?
• 11:43
  Speaker 7: Remember when ghost kitchens got really popular during COVID and
• 11:46
  Speaker 7: people like having pop ups and delivering the food. The
• 11:50
  Speaker 7: Taco Bell is the one that issued in and shout
• 11:52
  Speaker 7: out to the Aconnudrum because he was the one who I
• 11:54
  Speaker 7: saw making the post first. They did a pilot here
• 11:56
  Speaker 7: in Texas where the Taco Bell was fully automated. I
• 12:00
  Speaker 7: think I had one person in there like watching everything,
• 12:03
  Speaker 7: but no employees. I have a buddy who works in
• 12:08
  Speaker 7: the restaurant industry, and they said in four years they
• 12:10
  Speaker 7: want to have majority, like thirty percent of the workforce
• 12:13
  Speaker 7: to be I mean thirty percent of the restaurants that
• 12:16
  Speaker 7: are fast food based to be robot driven. So you
• 12:20
  Speaker 7: potentially could have a lot of these restaurants eliminate workforce
• 12:26
  Speaker 7: would clear clear up a lot of money on a book,
• 12:28
  Speaker 7: save a lot of revenue, and probably could drive profits.
• 12:31
  Speaker 7: I've been looking at Darden Restaurants to tickers. Dri historically
• 12:35
  Speaker 7: an amazing company to invest in. I'm mad I didn't
• 12:37
  Speaker 7: call in twenty twenty. Twenty twenty went down to twenty
• 12:41
  Speaker 7: nine dollars and eleven cent. It is now at one
• 12:43
  Speaker 7: hundred and forty six dollars and ninety two cent. Everyone
• 12:46
  Speaker 7: put in chat what are some of the companies that
• 12:48
  Speaker 7: Darden owns but for lower and probably won't be McDonald's,
• 12:54
  Speaker 7: but like Burger King, Taco Bell, Jack in the Box,
• 12:57
  Speaker 7: uh In and out Burger, I can see them making
• 12:59
  Speaker 7: it which to put in automation. And for everyone who
• 13:03
  Speaker 7: may think that it's crazy, I don't know if you've
• 13:05
  Speaker 7: been to the grocery store lately, self checkout is getting
• 13:08
  Speaker 7: bigger and bigger, and I'm seeing less people at the
• 13:09
  Speaker 7: checkout lanes when I actually do go to the grocery store.
• 13:13
  Speaker 7: And if I was a business owner, the profitability of
• 13:16
  Speaker 7: a place would go up tremendously if I only had
• 13:19
  Speaker 7: one person working inside of the business and all of
• 13:21
  Speaker 7: your orders would be and push out the drive through
• 13:24
  Speaker 7: by by robots. I'm sure Dan Cathy won't adjust to
• 13:29
  Speaker 7: this model because he has an amazing Dan Kathy gets
• 13:33
  Speaker 7: no more trap house on the Earth like deficiency of
• 13:35
  Speaker 7: Chick fil A, and they're happy every time.
• 13:37
  Speaker 6: I'm like, how do you do it?
• 13:39
  Speaker 7: But Burger King or Jack in the Box or you know,
• 13:42
  Speaker 7: there's a couple other restaurants that need some help. I
• 13:46
  Speaker 7: think their profits will increase dramatically. Unfortunately for a lot
• 13:49
  Speaker 7: of us that you know in our communities, of jobs
• 13:53
  Speaker 7: are going to be taken away and they will never be replaced.
• 13:55
  Speaker 6: That's the trade off.
• 13:56
  Speaker 7: And I truly believe this automation is being done to
• 13:59
  Speaker 7: destroy the job market for us.
• 14:02
  Speaker 4: Yeah, I mean that a lot of people.
• 14:04
  Speaker 5: I mean, you know, a lot of people start, you know,
• 14:06
  Speaker 5: especially young, young adults, young team they work in these
• 14:09
  Speaker 5: these these job environments. So to have that type of
• 14:12
  Speaker 5: automation is like when we talk about you have to
• 14:15
  Speaker 5: have a skill set. You need to start training kids
• 14:17
  Speaker 5: and educating kids on different type of skill sets and
• 14:19
  Speaker 5: different type of tech for a reason, man, because there
• 14:22
  Speaker 5: won't be opportunities for them, right And if there's no
• 14:25
  Speaker 5: opportunities for them, we know what comes on the out
• 14:27
  Speaker 5: side of that, right, poor decision making, you know, you know, recklessly.
• 14:32
  Speaker 5: A lot of that comes with not having an opportunity
• 14:34
  Speaker 5: in economic resources.
• 14:35
  Speaker 4: So that's scary. Man. Who was it? Was it Taco
• 14:38
  Speaker 4: Bell that that that did it? First? They have the
• 14:40
  Speaker 4: automated Taco Bell.
• 14:44
  Speaker 6: I want to go check it out.
• 14:45
  Speaker 3: Taco Bell.
• 14:47
  Speaker 4: Another hate Taco Bell in my life, you of course
• 14:50
  Speaker 4: really I never.
• 14:51
  Speaker 3: Of course Taco Bell when I was in college. I
• 14:54
  Speaker 3: hate Taco Bell. Uh chicken burrito.
• 14:58
  Speaker 4: Chicken bre they murdered with KFC, so that was like
• 15:03
  Speaker 4: a Taco Bell.
• 15:05
  Speaker 6: Yeah, that's tough.
• 15:06
  Speaker 5: Shout to KFC. Remember the honey barbecuings when they first dropped.
• 15:10
  Speaker 6: Used to be fired back in the day.
• 15:14
  Speaker 3: My graduates from my school being forbes back drop bag
• 15:19
  Speaker 3: drop Mike, drop bagdropf.
• 15:32
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 15:36
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 15:40
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 15:44
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 15:48
  Speaker 1: some of the heinous migrant criminals caught because of President
• 15:52
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 15:56
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted and illegal
• 16:00
  Speaker 1: border crossings are at the lowest levels ever recorded, and
• 16:04
  Speaker 1: over one hundred thousand illegal aliens have been arrested. If
• 16:07
  Speaker 1: you are here illegally, your next you will be fine
• 16:11
  Speaker 1: nearly one thousand dollars a day, imprisoned, and deported. You
• 16:15
  Speaker 1: will never return. But if you register using our CBP
• 16:19
  Speaker 1: home app and leave now, you could be allowed to
• 16:22
  Speaker 1: return legally. Do what's right, leave now. Under President Trump,
• 16:26
  Speaker 1: America's laws, border and families will be protected.
• 16:30
  Speaker 2: Sponsored by the United States Department of Homeland Security,