Latest / The Mark Simone Show / Mark interviews Fox Business analyst Charles Payne.
Transcript
- 0:00Speaker 1: From the WOR Life Vac Studios, this is the Mark
- 0:04Speaker 1: Simone Show. Well, it's the 25th anniversary of 9-11. It's
- 0:13Speaker 1: hard to believe it's 25 years later. It's a date
- 0:19Speaker 1: I don't want to remember. It's a day you don't
- 0:21Speaker 1: want to think about. It's a day you don't want
- 0:22Speaker 1: to go through again. But it was just such a
- 0:25Speaker 1: horrible day. But important to remember, and 25 years later,
- 0:29Speaker 1: we look back on it. As I said, they still
- 0:31Speaker 1: do this in Pearl Harbor still today, 85 years later. Hey,
- 0:35Speaker 1: with us right now, Charles Payne. Now, there's nobody smarter
- 0:37Speaker 1: when it comes to money, investing, stocks. He's on the
- 0:41Speaker 1: Fox Business Network every day from 2 to 3. It's
- 0:45Speaker 1: called Making Money. You can make a lot of money
- 0:47Speaker 1: watching him every day. But he's also written some great
- 0:50Speaker 1: books that have helped people make big amounts of money,
- 0:54Speaker 1: and he's got a new book out. How to Find
- 0:56Speaker 1: the One Stock That Could Change Your Life, Charles Payne's
- 0:59Speaker 1: new book, How to Find the One Stock That Could
- 1:02Speaker 1: Change Your Life, Windfall Formula. It shows you just what
- 1:07Speaker 1: to do. He's with us right now. Charles Payne, how
- 1:10Speaker 1: are you doing?
- 1:12Speaker 2: I'm doing so good, Mark. Well, the official name of
- 1:15Speaker 2: the book is Undeniable Windfalls. Oh, okay. Yeah, Undeniable Windfalls.
- 1:21Speaker 2: Here's the thing. Think about this. Almost everybody's got Apple
- 1:25Speaker 2: on their 401k. Yeah. But not everyone's 401k is worth
- 1:28Speaker 2: a million bucks. Yeah. So there's a couple of things, right?
- 1:32Speaker 2: You got to be able to find these things, but
- 1:33Speaker 2: also intentionally make the big investment. And people are afraid
- 1:37Speaker 2: because Wall Street tells you, hey, you know, be over diversified,
- 1:41Speaker 2: be happy with 8%, you know, this kind of stuff.
- 1:44Speaker 2: And all of it makes a lot of money for
- 1:46Speaker 2: them and hedges them. But ultimately... I've created several ways
- 1:51Speaker 2: of locating these ideas, whether it's broken IPOs. And by
- 1:55Speaker 2: the way, I use examples of my own account, like
- 1:57Speaker 2: General Electric. For a while, the company lost its way.
- 2:04Speaker 2: They brought in a new CEO. He did certain things.
- 2:06Speaker 2: And so there's a checklist of what you want to watch.
- 2:08Speaker 2: And now, of course, if you bought it, if you
- 2:09Speaker 2: load it up on that thing, it's been a monster windfall.
- 2:12Speaker 2: So it's undeniable windfalls.
- 2:14Speaker 1: Yeah, it's a new book. You should get it. You'll
- 2:16Speaker 1: make a lot of money. Undeniable windfalls books out already.
- 2:19Speaker 1: We can get it now.
- 2:20Speaker 2: It's out. In fact, you know, just all they have
- 2:22Speaker 2: to do is go to undeniable windfalls.com. The book is free.
- 2:26Speaker 2: People pay for their own deposits and handling, but the
- 2:28Speaker 2: book is absolutely free. Uh, and it's shattering all my records, man. It's, it's,
- 2:33Speaker 2: it's flying off. People are doing great with it. And
- 2:37Speaker 2: you know, it's, it's, it's, it's, it's, for me, it's, it's,
- 2:40Speaker 2: it's humbling and, I was in London last weekend. Three
- 2:45Speaker 2: separate occasions, people came up, made money with you. I
- 2:48Speaker 2: was in Scotland a couple weeks ago at St. Andrews.
- 2:51Speaker 2: A guy runs up to me, I made money with him.
- 2:53Speaker 2: Even today, I was at the firehouse that lost the
- 2:56Speaker 2: most amount of firefighters on 9-11. And a couple of
- 2:59Speaker 2: people mentioned it, and I'm like, thanks. But it's a
- 3:03Speaker 2: beautiful thing, man. And the good news is that the
- 3:05Speaker 2: window of opportunity is going to be open, I think,
- 3:07Speaker 2: for at least another three to five years.
- 3:09Speaker 1: Yeah. Undeniable Windfalls is the book. Go to undeniablewindfalls.com. Hey,
- 3:16Speaker 1: you were talking about obviously 9-11 all morning. I forgot
- 3:19Speaker 1: to bring up the stock market obviously closed and it
- 3:24Speaker 1: was a frightening period because everybody thought when it opened
- 3:26Speaker 1: it would plunge like 10,000 points or something. But who
- 3:30Speaker 1: was it? Was it Dick Grasso that brilliantly led us
- 3:32Speaker 1: through that?
- 3:33Speaker 2: Yeah, he was so amazing. Oh my goodness. He was
- 3:36Speaker 2: just You know, I'm getting goosebumps right now, man, just
- 3:40Speaker 2: talking to you about this. But he was amazing. It
- 3:44Speaker 2: was an amazing show of solidarity. And it was interesting
- 3:47Speaker 2: because after that, almost every time there was a headline
- 3:51Speaker 2: terror event, the market went up instead of going down.
- 3:53Speaker 2: It's sort of like, listen, we know what you want
- 3:55Speaker 2: to do. You know, we know that the stock market
- 3:57Speaker 2: is sort of a proxy for America's greatness. And you're
- 4:00Speaker 2: just not going to succeed. You're not going to do
- 4:02Speaker 2: that to us. Yeah.
- 4:04Speaker 1: Yeah, it was an amazing period there. I mean, Grasso,
- 4:07Speaker 1: brilliant to it. And obviously there was no Fox Business
- 4:10Speaker 1: Network 25 years ago. What were you doing then?
- 4:13Speaker 2: Well, here's the irony. So I have my own business,
- 4:16Speaker 2: and my business was, and I still do, of course,
- 4:19Speaker 2: you know, doing the hotline and writing the books. But
- 4:22Speaker 2: my office was one block away from really where all the,
- 4:26Speaker 2: you know, I was down at 50 Broadway. And so
- 4:29Speaker 2: my gym was like, my gym was closed. It was
- 4:31Speaker 2: one block from the World Trade Center. I was on
- 4:35Speaker 2: my way to CNN that day, CNN FM, that morning.
- 4:39Speaker 2: So I'm on the road with my wife on the
- 4:41Speaker 2: west side of the highway, and I'm seeing all these
- 4:43Speaker 2: fire trucks going on the other side, you know, the
- 4:45Speaker 2: uptown side going downtown. And my initial assumption was, you know,
- 4:49Speaker 2: this must be the biggest pileup in the world. I've
- 4:51Speaker 2: never seen this, you know, this many, you know, first responders.
- 4:55Speaker 2: And so I get to CNN, take the elevator up,
- 4:58Speaker 2: and they say, yeah, a plane hit the World Trade Center.
- 5:00Speaker 2: So initially I'm thinking about a prop plane. No, it
- 5:04Speaker 2: was a passenger plane. And at their location, they had
- 5:07Speaker 2: a giant window, like a 100-foot window. You could see
- 5:09Speaker 2: the entire city. And right at that moment, the next
- 5:12Speaker 2: plane went into the building to the World Trade. And,
- 5:15Speaker 2: you know, I just left, man. I went and got
- 5:17Speaker 2: my son. Then I went and got my daughter, and
- 5:20Speaker 2: I went home. But it was just amazing, you know?
- 5:23Speaker 1: Yeah, wow. So we're talking with Charles Payne. Get his
- 5:26Speaker 1: new book, Undeniable Windfalls, how to pick that one stock,
- 5:29Speaker 1: how to really, really succeed. with it, undeniablewindfall.com, undeniablewindfalls.com. Hey,
- 5:39Speaker 1: let me just ask you, AI, all we heard is
- 5:41Speaker 1: it's going to put everybody out of work. Nobody will
- 5:42Speaker 1: have a job. AI will take over everything. Yet, just
- 5:45Speaker 1: the opposite of this happened. Employment is up. Why is that?
- 5:48Speaker 2: You know, this is the fourth industrial revolution. And this
- 5:56Speaker 2: has always happened, every industrial revolution, from the very first
- 5:59Speaker 2: one When they had the first weaving machines in Great Britain,
- 6:03Speaker 2: you know, there was like, well, you know, you had
- 6:05Speaker 2: these big, big giant rooms of women weaving and clothes together.
- 6:09Speaker 2: All of a sudden you have this looming machines that
- 6:11Speaker 2: can do the work of like 30 women and, you know, people.
- 6:14Speaker 2: There was a guy named Ned Ludd who went and
- 6:16Speaker 2: one day him and some folks went and they broke
- 6:18Speaker 2: up all the machines. Right. And ever since then, they
- 6:21Speaker 2: called people who were afraid of technology Luddites. So some
- 6:25Speaker 2: of this is just naturally Luddites. And there's so much
- 6:28Speaker 2: common sense. I mean, listen, we do know, if you
- 6:30Speaker 2: look at some of the things that are happening now
- 6:33Speaker 2: with some of these college grads, AI has taken their jobs.
- 6:36Speaker 2: But net-net, and I got to tell you, this blew
- 6:38Speaker 2: my mind because it was in The Economist. They hate
- 6:41Speaker 2: President Trump. They will never do anything to give him
- 6:43Speaker 2: a compliment. But last week, they acknowledged that so far,
- 6:47Speaker 2: If you trace AI jobs that have been lost, it's
- 6:49Speaker 2: about 200,000, and AI jobs that have been gained, it's
- 6:53Speaker 2: 1 million. And so, you know, if this industrial revolution
- 6:57Speaker 2: is like all the rest, when the dust settles, we'll
- 7:00Speaker 2: have more jobs, better-paying jobs, and humanity will be better off.
- 7:04Speaker 1: Yeah, and five years from now, the data center will
- 7:06Speaker 1: not be something we'd be afraid of. It'll operate quietly
- 7:09Speaker 1: with quieter turbines and all. Will that be the case?
- 7:13Speaker 2: Oh, yeah, absolutely. It's going to be less than five years.
- 7:18Speaker 2: Right now, I've been interviewing a bunch of mayors from
- 7:21Speaker 2: these towns. It's already an economic godsend for these places
- 7:26Speaker 2: where the population was like 20 years ago, there were
- 7:31Speaker 2: 3,000 people there, and now there's 800. These kind of
- 7:33Speaker 2: places where the last thing they care about is a
- 7:36Speaker 2: little extra noise. They're dying, they're in death's bed, and
- 7:39Speaker 2: all of a sudden you've got 2,000 construction jobs And
- 7:43Speaker 2: then when that's over, after a few years, you'll have
- 7:45Speaker 2: at least 300 or 400 permanent jobs. They'll create their
- 7:48Speaker 2: own energy source, and they'll have extra energy, actually. They'll
- 7:52Speaker 2: have enough to put it back into the system. So
- 7:55Speaker 2: the utility costs are going to go down, not up.
- 7:57Speaker 2: So it's just, you know, they're giving it the same
- 8:01Speaker 2: treatment that they gave natural gas and fracking, you know,
- 8:05Speaker 2: the same treatment they gave to, hey, we need to
- 8:07Speaker 2: stop having babies in this country. You know, it's the
- 8:11Speaker 2: same sort of treatment that we've seen over and over
- 8:13Speaker 2: again for advancement. And I think this one is extra
- 8:15Speaker 2: special because, you know, they hate the fact that to
- 8:18Speaker 2: how we started this conversation, that Trump is getting so
- 8:20Speaker 2: much credit for these blue collar jobs, not only jobs,
- 8:23Speaker 2: but blue collar wages are going through the roof.
- 8:26Speaker 1: Hey, Charles Payne has a new book out and you
- 8:28Speaker 1: should get it. It's called Undeniable Windfalls. Undeniable Windfalls. Just
- 8:33Speaker 1: finding that one stock that could change your life. You
- 8:36Speaker 1: can go to undeniablewindfalls.com. undeniablewindfalls.com. There are a lot of
- 8:41Speaker 1: stories like that where somebody just had this one stock,
- 8:44Speaker 1: maybe Berkshire Hathaway a million years ago, or just became
- 8:47Speaker 1: millionaires off one stock. Is that what inspired you?
- 8:51Speaker 2: Well, what inspired it was my own experience, really. Everything
- 9:00Speaker 2: I do and everything I've done is just me learning
- 9:03Speaker 2: on the job, so to speak, and being introspective and
- 9:07Speaker 2: Over the last few years, I would glance up and
- 9:09Speaker 2: see a stock go across the tape. Wow, XYZ is
- 9:13Speaker 2: $ 140 a share? Let me see when I sold this thing.
- 9:18Speaker 2: And you look back and you're like, what? And then
- 9:19Speaker 2: you think, why did I sell it then? Like Taser.
- 9:22Speaker 2: You know the Tasers? Yeah. So I think I must
- 9:25Speaker 2: have made– I think I bought Taser. I made 40%
- 9:29Speaker 2: on it in about a month. Wow. That's a lot
- 9:31Speaker 2: of money, right? In a month? Yeah. So– it changed
- 9:35Speaker 2: its name in about, if I'd have held it for another,
- 9:36Speaker 2: let's say four or five years, let's say I put
- 9:39Speaker 2: a hundred bucks into it and I ever took out 140,
- 9:42Speaker 2: that same hundred bucks would have been something on it
- 9:45Speaker 2: like 50,000. In other words, I missed thousands of percent,
- 9:48Speaker 2: thousands of percent. And why?
- 9:52Speaker 1: Why?
- 9:52Speaker 2: I kept asking myself, why am I doing this? Why
- 9:56Speaker 2: do we do this? And how can we avoid it?
- 9:58Speaker 2: So I spent over a year writing the book, but
- 10:01Speaker 2: I spent many years pondering this and taking notes for it. Wow.
- 10:04Speaker 1: So everywhere they hear these stories and they say, well,
- 10:07Speaker 1: there must be another one of these out there. Well,
- 10:08Speaker 1: this is how you can help. This will help you
- 10:11Speaker 1: find it. It's a great book. It's called Undeniable Windfalls,
- 10:14Speaker 1: Charles Payne's new book, How to Find That Kind of
- 10:17Speaker 1: a Stock. Undeniable Windfalls. You can go to just go
- 10:20Speaker 1: to the website and get it. Undeniable. It's free, right?
- 10:22Speaker 1: It's a free book. Yeah.
- 10:24Speaker 2: Yeah.
- 10:25Speaker 1: Just pay for the shipping. Go to Undeniable Windfalls dot com.
- 10:29Speaker 1: Undeniable Windfalls dot com. And make sure you watch Charles
- 10:34Speaker 1: Payne every weekday, two o'clock. He's great on the Fox
- 10:37Speaker 1: Business Network. Charles Payne. Great talking to you. Let's do
- 10:40Speaker 1: it again soon.
- 10:41Speaker 2: Man, I miss you, Mark. You are so good. You're
- 10:45Speaker 2: so gracious, and that's why people love you.
- 10:47Speaker 1: Oh, thanks. Well, you too.
- 10:48Speaker 2: Thanks.
- 10:49Speaker 1: We'll do it again soon.
- 10:50Speaker 2: All right, buddy.
- 10:50Speaker 1: Thanks for being with us.
- 10:51Speaker 2: All right, thanks.
- 10:52Speaker 1: Take care. Hey, it's the 25th anniversary of 9-11. We'll
- 10:57Speaker 1: talk about it throughout the day. Coming up at noon,
- 11:00Speaker 1: Buck and Clay, and then at 3 o'clock, the most
- 11:03Speaker 1: listened to radio show in America, Sean Hannity. He does
- 11:08Speaker 1: this national radio show that became the biggest show in America. Well,
- 11:12Speaker 1: it began, the first show was September 10th, 2001. Second
- 11:17Speaker 1: day of the show was 9-11, so I'm sure he'll
- 11:19Speaker 1: talk about that today. Then you got Jesse Kelly at 6,
- 11:23Speaker 1: and you got the very funny Jimmy Fallon, 9 o'clock.
- 11:27Speaker 1: And I'm here 9 to noon. It's three hours every day,
- 11:30Speaker 1: 9 to noon. And, of course, right before me, it's
- 11:33Speaker 1: Curtis Sliwa and Larry Mendte. On 710 W.O.R.