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Transcript

SpaceX IPO vs Crypto📉Crypto Market Update🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: SpaceX versus Clarity Day. We're going to break it down
• 0:02
  Speaker 1: for you a lot happening, not only with the SPACEXIPO,
• 0:05
  Speaker 1: but how Clarity is going to be playing into all
• 0:07
  Speaker 1: of this. Before we get started, we'll thank our sponsor,
• 0:09
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• 0:12
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• 0:36
  Speaker 2: Let's get into a couple of tweets here today.
• 0:38
  Speaker 1: I want to lead off with this one right here,
• 0:40
  Speaker 1: where two hundred crypto companies are now sending an emergency
• 0:44
  Speaker 1: letter to the United States Senate demanding an immediate.
• 0:48
  Speaker 2: Vote on the Clarity Act.
• 0:49
  Speaker 1: So pretty much every major company in the United States
• 0:53
  Speaker 1: is pushing this, of course being propped up by the
• 0:55
  Speaker 1: Blockchain Association and of course the Digital Chamber. You can
• 0:59
  Speaker 1: kind of see all the proponents right there stand with
• 1:02
  Speaker 1: Crypto Crypto Council for innovation. This is going of course
• 1:05
  Speaker 1: over to John Thune's office and mister Schumer himself. So
• 1:11
  Speaker 1: this is I think the line in the sand, guys
• 1:14
  Speaker 1: where the crypto industry is concerned that maybe there is
• 1:18
  Speaker 1: something that is brewing in these negotiations that is not landing.
• 1:22
  Speaker 1: I imagine this is going to be more on the
• 1:24
  Speaker 1: epics ethics side of things. And speaking of that, the
• 1:27
  Speaker 1: administration official now is going to host this law enforcement groups,
• 1:31
  Speaker 1: which you're really talking about the idea that crypto, if
• 1:35
  Speaker 1: we don't get this under control in terms of a clarity,
• 1:38
  Speaker 1: it becomes a national security issue, and that law enforcement
• 1:43
  Speaker 1: is actually saying, hey, actually this is good for tracking
• 1:47
  Speaker 1: the bad guys, and the issue, along with ethics, remains
• 1:50
  Speaker 1: one of the major sticking points that must be resolved
• 1:52
  Speaker 1: before lawmakers can take this bill to the Senate. This
• 1:56
  Speaker 1: would be an interesting situation right here because with ethic
• 2:00
  Speaker 1: really I think being one of the lines in the
• 2:03
  Speaker 1: sand that the Democrats are pushing against the fact that
• 2:06
  Speaker 1: you now have law enforcement saying this is really a
• 2:09
  Speaker 1: national security issue. It's also a good way for us
• 2:13
  Speaker 1: to catch bad guys. I think if you have senators
• 2:17
  Speaker 1: now voting against this or pushing back from it. It's
• 2:20
  Speaker 1: as if they are pushing back on getting bad guys.
• 2:23
  Speaker 1: So there's a lot that I think this coming out
• 2:27
  Speaker 1: is a very unique timing because this, of course is
• 2:30
  Speaker 1: being pushed by the administration, which is definitely not wanting
• 2:33
  Speaker 1: to look at the ethics side of things, so they're
• 2:36
  Speaker 1: using this as a good tactic, all right. Another thing
• 2:39
  Speaker 1: that's happening right now, the ways it means on the
• 2:41
  Speaker 1: Republican side is rolling out six standalone bills and this
• 2:44
  Speaker 1: is all in reference to tax on crypto. It addresses donations, mining,
• 2:49
  Speaker 1: staking reporting requirements, tax treatment, parody, voluntary disclosure, and all
• 2:54
  Speaker 1: of this is being applied existing anti.
• 2:57
  Speaker 2: Abuse rules for digital assets.
• 2:59
  Speaker 1: Is going This I think will be one of the
• 3:02
  Speaker 1: major areas that we need to pay a close attention
• 3:05
  Speaker 1: to as it starts to brew in DC.
• 3:08
  Speaker 2: The interesting point I have is.
• 3:09
  Speaker 1: That we're seeing this right now without having clarity in play,
• 3:13
  Speaker 1: which of course is going to affect a lot of
• 3:15
  Speaker 1: investors around what we're dealing with here. This could be
• 3:18
  Speaker 1: a big, big challenge, I think for crypto in the
• 3:22
  Speaker 1: future if we don't get clarity. Galaxy though Galaxy Digital
• 3:26
  Speaker 1: has now lowered their Clarity Act odds in terms of
• 3:29
  Speaker 1: passing down to sixty percent, they were at a seventy
• 3:33
  Speaker 1: five percent.
• 3:33
  Speaker 2: This, of course, has been touted as.
• 3:37
  Speaker 1: One of the companies I think that had the most
• 3:40
  Speaker 1: realistic probability, and I don't know that I agreed that
• 3:44
  Speaker 1: seventy five percent was necessarily there, even though there were
• 3:49
  Speaker 1: times I think during this that it felt pretty solid
• 3:51
  Speaker 1: that this was going to happen. This, of course, is
• 3:53
  Speaker 1: now starting to slide down. So when you consider that
• 3:56
  Speaker 1: the Clarity potential of not passing, and you have AI
• 4:01
  Speaker 1: pretty much sucking up a lot of what we're seeing
• 4:05
  Speaker 1: in terms of liquidity escape. Right now, I want to
• 4:07
  Speaker 1: play a clip for you. This is bit why he
• 4:09
  Speaker 1: is talking about that.
• 4:10
  Speaker 3: Take a look, and right now they're all focused on
• 4:13
  Speaker 3: AI and that makes sense, right. The AI trade is ripping.
• 4:17
  Speaker 3: If you turn on CNBC or Fox Business Es or
• 4:21
  Speaker 3: any mainstream media financial media outlet, all they're talking about
• 4:25
  Speaker 3: is how long could this AI rally last? Or some
• 4:28
  Speaker 3: AI stock is up thirty percent on the day, which
• 4:31
  Speaker 3: typically doesn't happen in equities with big name stocks. Right,
• 4:34
  Speaker 3: that's a crypto thing. And so when financial advisors are
• 4:38
  Speaker 3: seeing that and their clients are asking, hey, do we
• 4:40
  Speaker 3: have exposure to this AI trend, It's easier for them
• 4:44
  Speaker 3: to say, Look, we're not talking about crypto right now,
• 4:46
  Speaker 3: We're not thinking about crypto right now. I'm focused on
• 4:49
  Speaker 3: this and it's a more difficult decision for them to
• 4:50
  Speaker 3: make to allocate to crypto when you have uncertainty around
• 4:53
  Speaker 3: price action, when you see things like bitcoin ETF outflows,
• 4:57
  Speaker 3: when you're not sure if the Clarity Act is going
• 4:59
  Speaker 3: to pass or not in the next two months, it's
• 5:01
  Speaker 3: easier just to sit on the sideline and allocate to
• 5:04
  Speaker 3: something like the AI trade or the cues or something.
• 5:07
  Speaker 3: You know, it's index space that gives you that kind
• 5:09
  Speaker 3: of exposure. So I do think it's sucking the air
• 5:10
  Speaker 3: out of the room. You also have the SpaceX IPO,
• 5:13
  Speaker 3: anthropic Open AI. All of these things are top of
• 5:16
  Speaker 3: mind for investors. Crypto is not top of mind for
• 5:19
  Speaker 3: most investors right now, and I think you've seeing that
• 5:21
  Speaker 3: reflected in the level of demand we're seeing from most
• 5:24
  Speaker 3: traditional investors.
• 5:26
  Speaker 1: Yeah, and demand is falling dramatically across exchanges. We're seeing
• 5:31
  Speaker 1: the wipeout now across stocks, metals, and crypto. One point
• 5:35
  Speaker 1: eight trillion wiped out in the last hour, and you
• 5:38
  Speaker 1: also have the SMP down one point six to two.
• 5:40
  Speaker 1: So what you're seeing is some of the profits being
• 5:44
  Speaker 1: taken out of stocks that they may have traded over
• 5:46
  Speaker 1: the last year, and they're going into basically dry powder
• 5:50
  Speaker 1: looking at an opportunity here for some of the upswing
• 5:53
  Speaker 1: that either SpaceX, Anthropic open AI are all going to generate,
• 5:58
  Speaker 1: and that will most likely include a lot of other
• 6:01
  Speaker 1: companies that kind of come with that. So Nasdaq down
• 6:04
  Speaker 1: two point five, Gold is down to almost two percent,
• 6:06
  Speaker 1: Silver down almost six, Russell two thousand down two percent.
• 6:10
  Speaker 1: That's a significant amount on the Russell two thousand, and
• 6:13
  Speaker 1: then Bitcoin of course down two right there.
• 6:15
  Speaker 2: At twenty eight billion.
• 6:16
  Speaker 1: So you look at fear and greed right now, it
• 6:19
  Speaker 1: is definitely in the fear zone and this is on
• 6:21
  Speaker 1: traditional assets. And this concerns me a little bit because
• 6:24
  Speaker 1: this will get into a very volatile scenario that will play.
• 6:30
  Speaker 2: Out through the end of this week.
• 6:31
  Speaker 1: So mark my words, I think we're in for a
• 6:34
  Speaker 1: bit of a rough tumble here going into this.
• 6:36
  Speaker 2: And there's other things that are happening right now.
• 6:39
  Speaker 1: Claude is launching Mythos that will most likely cost something.
• 6:43
  Speaker 2: We're gonna drop a video on that.
• 6:45
  Speaker 1: But also you've got to concern yourself of what the
• 6:48
  Speaker 1: trajectory is for the alpha asset in the class.
• 6:52
  Speaker 2: And of course that is bitcoin. Take a look at this.
• 6:54
  Speaker 4: I think where we are is sort of classic mid cycle.
• 6:57
  Speaker 4: So you know, halfway through the band market year, which
• 7:00
  Speaker 4: arguably started in October of twenty twenty five. I think,
• 7:05
  Speaker 4: you know, we hear things like headlines about Michael Saylor,
• 7:09
  Speaker 4: you know, selling his bitcoin, and that concerns the market,
• 7:12
  Speaker 4: but actually what's happening is we're in a structural bear market.
• 7:16
  Speaker 5: So what tells you this is a cycle and not
• 7:19
  Speaker 5: something structurally worse.
• 7:21
  Speaker 4: If we come to the end of twenty twenty six
• 7:24
  Speaker 4: and we're not seeing some improvement in bitcoin's price and
• 7:27
  Speaker 4: you know, momentum really gaining so that we're heading back
• 7:31
  Speaker 4: to the all time high of one hundred and twenty
• 7:33
  Speaker 4: six K and sort of looking everyone starts talking about
• 7:36
  Speaker 4: moving to two hundred K, then I think we can
• 7:39
  Speaker 4: be concerned because to this point, these bitcoin cycles have
• 7:43
  Speaker 4: really worked like clockwork.
• 7:46
  Speaker 1: All right, So there you have it. I mean, some
• 7:48
  Speaker 1: analysts kind of pointing at this. I was kind of
• 7:51
  Speaker 1: perplexed on her analysis there that we should be at
• 7:55
  Speaker 1: the all time high heading toward two hundred K. I
• 7:58
  Speaker 1: don't know that that is in the cards with everything
• 8:01
  Speaker 1: from a macro side of things. Remember, guys, we still
• 8:03
  Speaker 1: have a very hot economy. This is going to put
• 8:06
  Speaker 1: pressure on the FED. You also have what's going on
• 8:09
  Speaker 1: in Iran, which is a delayed going to be a
• 8:11
  Speaker 1: delayed reaction on the supply chain side, especially around energy
• 8:15
  Speaker 1: that I think is still flowing out. And then you
• 8:17
  Speaker 1: have AI and some companies are doing it right. Some
• 8:20
  Speaker 1: companies are absolutely falling on their face, which I think
• 8:24
  Speaker 1: also represents a certain amount of problems in the market
• 8:27
  Speaker 1: as well. Here is Apple, which fell almost five percent
• 8:31
  Speaker 1: after unveiling its biggest AI update so far, which is
• 8:35
  Speaker 1: essentially is Gemini's been in there for quite some time.
• 8:37
  Speaker 1: If you guys have asked Siri anything, maybe I don't
• 8:41
  Speaker 1: want to say that because Siria is probably listening now,
• 8:43
  Speaker 1: But the point being is.
• 8:45
  Speaker 2: That it defaults over.
• 8:47
  Speaker 1: Do you want to hear that coming from Gemini? I
• 8:51
  Speaker 1: think now you're going to see a lot more of this.
• 8:53
  Speaker 1: The problem is is that these bolt on tactics from
• 8:56
  Speaker 1: Apple man Steve Jobs has probably just rolling over on this.
• 9:00
  Speaker 2: I just don't understand it.
• 9:01
  Speaker 1: Two hundred and thirty billion wiped out off of its
• 9:03
  Speaker 1: market cap. This is not good for Apple investors because
• 9:06
  Speaker 1: it doesn't show a roadmap going forward. It shows them
• 9:10
  Speaker 1: as a bolton in the biggest technology frontier that has
• 9:15
  Speaker 1: ever been created. I think this is a major mistake
• 9:19
  Speaker 1: for Apple. SpaceX pre ipo perps now are surging across
• 9:24
  Speaker 1: crypto exchanges, and you see this right here on SPX
• 9:27
  Speaker 1: futures now at five hundred and twenty five million in
• 9:29
  Speaker 1: the last twenty four continuing to grow. Right now, Binas
• 9:32
  Speaker 1: currently accounts for the largest share, around two hundred and
• 9:35
  Speaker 1: eighty seven million in the twenty four hour volume and
• 9:38
  Speaker 1: about one hundred and twenty four million in open interest,
• 9:40
  Speaker 1: So big growth here. This only shows me that there
• 9:44
  Speaker 1: is an appetite for SpaceX, at least on the dj
• 9:49
  Speaker 1: in side of it. When you look at per perpse
• 9:52
  Speaker 1: and I think the real question is is will there
• 9:54
  Speaker 1: be an appetite on the retail side of it. People
• 9:56
  Speaker 1: who are not necessarily looking at short term games, maybe
• 9:59
  Speaker 1: they're at this more long term playing into of course,
• 10:03
  Speaker 1: this ipo getting ready to hit Tom Lee has a
• 10:06
  Speaker 1: different opinion about this, and I think there's a reason
• 10:10
  Speaker 1: why I'll reveal in a second, but take a look
• 10:12
  Speaker 1: at this clip.
• 10:12
  Speaker 6: There is going to be a lot of tension in
• 10:16
  Speaker 6: markets until June twelfth, because I'd say there's a very
• 10:21
  Speaker 6: large camp of our institutional investor clients that would say
• 10:24
  Speaker 6: SpaceX is going to be the market top. So they're
• 10:30
  Speaker 6: anticipating the markets to wabble. So what they're going to
• 10:33
  Speaker 6: do is take profits and be cautious onto that date.
• 10:37
  Speaker 6: But I'd say that history shows that the SpaceX IPO
• 10:42
  Speaker 6: should not actually mark the market top. It's actually where
• 10:45
  Speaker 6: a big IPO marks the top, So to us, I
• 10:48
  Speaker 6: think it's actually misplaced concerns. There's still seven trillion of
• 10:52
  Speaker 6: cash on the sidelines, and we already know that book's
• 10:55
  Speaker 6: been filled. High net worth clients have a lot of
• 10:58
  Speaker 6: cash available to buy this IPO, So I think the
• 11:00
  Speaker 6: market's going to not only absorb this IPO really well,
• 11:04
  Speaker 6: but I think the market's going to do well post ipo.
• 11:06
  Speaker 3: If you only had a fixed amount of money, Tom,
• 11:09
  Speaker 3: would you invest in these IPOs?
• 11:12
  Speaker 6: These are some of the most important companies led by
• 11:18
  Speaker 6: what they call n of one people. I mean, I
• 11:19
  Speaker 6: don't know if there will be another Elon Musk in
• 11:22
  Speaker 6: our generation. So for investors who have not owned Tesla,
• 11:27
  Speaker 6: this is a chance for them to have exposure to
• 11:30
  Speaker 6: Elon Musk and all of what he's envisioned in Again,
• 11:33
  Speaker 6: the addressable market for AI and especially data center as
• 11:38
  Speaker 6: you move into space is actually sizeable.
• 11:41
  Speaker 1: So you've got Tom kind of looking at that. And
• 11:44
  Speaker 1: remember that Tom Lee has a huge dog in the
• 11:47
  Speaker 1: race in ethereum. So this does affect the crypto market
• 11:51
  Speaker 1: if you see liquidity starting to pour into what this
• 11:55
  Speaker 1: is doing right now with the SPACEXIPO, the real question
• 11:57
  Speaker 1: will be how it can it hold and if it
• 12:00
  Speaker 1: can hold. And we're talking about space IPO along with
• 12:03
  Speaker 1: what will eventually be the Anthropic IPO, and then what
• 12:07
  Speaker 1: will come next is the Open AI confidentially filing for
• 12:11
  Speaker 1: an IPO. So you've got all of these playing into this.
• 12:15
  Speaker 1: Some are AI plays. Some of course, like Tom is
• 12:17
  Speaker 1: talking about, is a space play, but really it's an
• 12:19
  Speaker 1: aiplay because we're talking about data centers. That is going
• 12:22
  Speaker 1: to be one of the biggest areas for SpaceX, and
• 12:24
  Speaker 1: at least in the front emerging section of space because
• 12:28
  Speaker 1: next up we'll be commerce and shipping and all sorts
• 12:32
  Speaker 1: of growth because all the companies that will want to
• 12:34
  Speaker 1: grow into that are essentially going to have to use SpaceX.
• 12:38
  Speaker 2: All right.
• 12:38
  Speaker 1: So Joe Lonsdale from Pallenteer kind of broke down something
• 12:42
  Speaker 1: that I think is interesting. And what he's angling in
• 12:45
  Speaker 1: on is what is the value and the dependency in
• 12:49
  Speaker 1: the market on this take a.
• 12:50
  Speaker 7: Look that we're going to see like a massive pop
• 12:54
  Speaker 7: out of the gate rush. The reason I'm asking is
• 12:57
  Speaker 7: it feels like so many of the other IPOs could
• 13:00
  Speaker 7: come this fall or even later this summer, are so
• 13:04
  Speaker 7: dependent on whatever happens in the immediate aftermath of this.
• 13:07
  Speaker 5: No, you know, it's it's interesting. There probably is some
• 13:11
  Speaker 5: effect where crypto probably some of the liquidity probably is
• 13:14
  Speaker 5: going into into SpaceX and Nthropic and all these other
• 13:17
  Speaker 5: things coming up.
• 13:18
  Speaker 7: If you if you could buy SpaceX, Anthropic or open AI,
• 13:22
  Speaker 7: which would you buy?
• 13:24
  Speaker 5: I have bought SpaceX and Nthropic. Actually I'll tell you
• 13:27
  Speaker 5: that I think I think those are the too strongest
• 13:28
  Speaker 5: right now by far. And you know, listen, we're rooting
• 13:33
  Speaker 5: for open ai not to not to implode, so I
• 13:35
  Speaker 5: hopefully stay strong as Yeah.
• 13:36
  Speaker 7: Well, do you have fear it's going to implode?
• 13:38
  Speaker 5: I don't want to spread fears. I think that the
• 13:40
  Speaker 5: other two in the strongest position by far. Open Ai
• 13:43
  Speaker 5: was probably doing too much and lost some talent, but
• 13:46
  Speaker 5: it's still a very impressive company, you know. I think
• 13:48
  Speaker 5: Entthropic has clearly has the momentum behind it, and it's
• 13:50
  Speaker 5: the strongest because I think the infrastructure SpaceX represents is
• 13:54
  Speaker 5: just in building on Elon is always the thing to do,
• 13:56
  Speaker 5: is so I think I think those are the strongest
• 13:57
  Speaker 5: companies by far.
• 13:59
  Speaker 1: Lazille also went on to say that some of the
• 14:01
  Speaker 1: sell off that is coming out of crypto that is
• 14:04
  Speaker 1: of course aligning with liquidity. But back to Tom Lee's clip,
• 14:08
  Speaker 1: there seven trillions setting on the sidelines. This of course
• 14:11
  Speaker 1: high networth individuals. The question is how will people play this,
• 14:15
  Speaker 1: because to me this is like a bet, and of
• 14:18
  Speaker 1: course SpaceX beaking the first one Anthropic I would agree
• 14:21
  Speaker 1: with Lonsdale there is that those are probably the two
• 14:23
  Speaker 1: to watch the most in terms of the most to gain,
• 14:27
  Speaker 1: whether or not we see a supercycle or a continuation
• 14:30
  Speaker 1: of this run right now which many people are concerned
• 14:33
  Speaker 1: this might be the top.
• 14:34
  Speaker 2: Is still up. In the air.
• 14:35
  Speaker 1: If you compare this, look at this number right here,
• 14:38
  Speaker 1: the SpaceX IPO is on Thursday one point seventy five trillion.
• 14:41
  Speaker 1: The entire global aerospace and defense industry is setting it
• 14:45
  Speaker 1: the same.
• 14:46
  Speaker 2: Look at that.
• 14:47
  Speaker 1: I mean, those are some big companies in there, a
• 14:48
  Speaker 1: lot kind of zoom on those. You've got Honeywell, ros
• 14:51
  Speaker 1: or Us in there, Airbust, Boeing, RTX, GE Aerospace, those are.
• 14:56
  Speaker 2: All lined up against one company.
• 14:59
  Speaker 1: That's why it is so important to the entire stock
• 15:03
  Speaker 1: market because these are the kind of things that are
• 15:05
  Speaker 1: of course changing the game. And we're dealing with one
• 15:07
  Speaker 1: of the biggest category shifts in our lifetime, which was
• 15:12
  Speaker 1: kind of reference there in that clip, and that of
• 15:14
  Speaker 1: course is ai other things that are happening is the
• 15:18
  Speaker 1: performance gap with tech stocks now at historic levels. Top
• 15:21
  Speaker 1: twenty percent of you tech stocks outperformed the bottom twenty
• 15:24
  Speaker 1: by one hundred and twenty percent. So it's really getting
• 15:27
  Speaker 1: into an interesting point here. And the comparison that use
• 15:32
  Speaker 1: here is that this difference peaked at one hundred and
• 15:35
  Speaker 1: thirty five percent percentage points during the two thousand dot
• 15:40
  Speaker 1: com bubble. Now, of course you're dealing with this spread
• 15:43
  Speaker 1: which is quadrupled over the last year. So I don't know,
• 15:47
  Speaker 1: this is all out pacing. And granted it's different than
• 15:50
  Speaker 1: I know, it's different than the dot com bubble. Those
• 15:53
  Speaker 1: were a lot of blue sky numbers. There was no
• 15:55
  Speaker 1: real revenues with those companies. Most of them were going
• 15:59
  Speaker 1: public without revenue at all. I mean, so this is
• 16:02
  Speaker 1: a big difference at least in some of the companies
• 16:04
  Speaker 1: that rise to the top of this category, which is
• 16:08
  Speaker 1: the top twenty percent. Elon is one hundred and sixty
• 16:11
  Speaker 1: one billion away from becoming a trillionaire man.
• 16:15
  Speaker 2: That is insane, and there's nobody even close.
• 16:17
  Speaker 1: I mean, come on, Larry Page, Bezos, Zuck Jensen over
• 16:21
  Speaker 1: in Nvidia. Nobody's even close to catching this guy. He
• 16:26
  Speaker 1: is on his way. And can you imagine that he
• 16:29
  Speaker 1: literally came out of Tesla On He was on the
• 16:35
  Speaker 1: literally on the edge of bankruptcy where they couldn't make
• 16:38
  Speaker 1: payroll for Tesla That and of course that of course
• 16:40
  Speaker 1: was the catapult to put all of this in motion.
• 16:45
  Speaker 1: Do you guys think that's a good thing? Do you
• 16:46
  Speaker 1: think we need a trillionaire? Do you need that in
• 16:50
  Speaker 1: these markets? Because of course this is going to drive
• 16:52
  Speaker 1: innovation on almost everything you can imagine. Let me know
• 16:55
  Speaker 1: what you guys think down in the comments. Another clip
• 16:58
  Speaker 1: here is important because now we're getting into very critical
• 17:03
  Speaker 1: points for an Iranian deal. I mean, we got the
• 17:06
  Speaker 1: two hundred and fiftieth American Birthday coming up in July,
• 17:10
  Speaker 1: less than one month away, and if Trump doesn't get
• 17:14
  Speaker 1: a deal done before then, I think it's a lot
• 17:17
  Speaker 1: of egg on his face.
• 17:18
  Speaker 2: Watched this clip.
• 17:19
  Speaker 8: We could have at least an idea by one or
• 17:23
  Speaker 8: two days from now, but the blockade continues to hold
• 17:26
  Speaker 8: one hundred percent. We had a very good conversation and
• 17:29
  Speaker 8: he was hit and he hit back. They both agreed,
• 17:32
  Speaker 8: threw me to stop, and we're in the final throes
• 17:37
  Speaker 8: of what will be a very very good deal. Straight
• 17:39
  Speaker 8: we'll open up right away. It'll open up immediately upon signing,
• 17:43
  Speaker 8: which could be in two or three days.
• 17:45
  Speaker 9: That's President Trump on the recent strikes between Israel and Iran.
• 17:49
  Speaker 9: As Israel responded to Iranian strikes Sunday, These exchanges back
• 17:54
  Speaker 9: and forth the first since in April cease fire, the
• 17:57
  Speaker 9: President remaining optimistic a deal could come within the week
• 18:01
  Speaker 9: with Iran, but Hezelo and Lebanon are still out there.
• 18:05
  Speaker 9: Oil prices this morning and pulling back take a look
• 18:07
  Speaker 9: at the price of crude back below ninety dollars or barrel,
• 18:09
  Speaker 9: down two percent in eighty nine sixteen. The US blockade
• 18:12
  Speaker 9: and the straight of hor moves remains in place, and
• 18:14
  Speaker 9: scent Com is redirecting more than one hundred and thirty
• 18:17
  Speaker 9: vessels since April thirteenth.
• 18:20
  Speaker 2: All right, so there you have an energy down.
• 18:23
  Speaker 1: You have Trump, of course, claiming a deal is eminent
• 18:26
  Speaker 1: thirty seven times. I don't know, guys, can you believe
• 18:31
  Speaker 1: this right now? As the question is this the thirty
• 18:33
  Speaker 1: eighth time? Is this the secret special sauce of getting
• 18:36
  Speaker 1: this deal done?
• 18:37
  Speaker 2: All right?
• 18:37
  Speaker 1: One consideration would be that this could get parceled out.
• 18:42
  Speaker 1: And what I mean by that is the straight of
• 18:44
  Speaker 1: Horror Moves issue is the one that is the most
• 18:46
  Speaker 1: critical because it affects so many economies, including the US,
• 18:49
  Speaker 1: around fuel and energy prices. But they could actually get
• 18:53
  Speaker 1: a deal done for the Strait, not necessarily get a
• 18:56
  Speaker 1: deal done for the nuclear situation in Iran. WI could
• 19:00
  Speaker 1: end up going post midterms because it really boils down
• 19:04
  Speaker 1: to prices at the pump right now for midterms, So
• 19:07
  Speaker 1: that I think is what he's shooting for, and also
• 19:10
  Speaker 1: for him to be able to kind of claim a
• 19:12
  Speaker 1: win on July fourth, which is going to be the
• 19:14
  Speaker 1: big celebration. Blackrock is warning Wednesday's CPI print forecast at
• 19:19
  Speaker 1: four point two year of a year. This is the
• 19:21
  Speaker 1: highest since twenty three, could be the first sign of
• 19:24
  Speaker 1: a US Iran energy shock. This is another factor that
• 19:28
  Speaker 1: we've talked about a lot here on the show, and
• 19:30
  Speaker 1: that is that these kind of supply chains are going
• 19:34
  Speaker 1: to be rolling into shortages and that could be a
• 19:37
  Speaker 1: major concern because that's when markets will react. That of
• 19:41
  Speaker 1: course could be an issue as well. One last thing
• 19:44
  Speaker 1: is where will the rate hikes be? If there are
• 19:46
  Speaker 1: going to be some right now, it's a fifty five
• 19:48
  Speaker 1: percent chance. Do you guys think that warsh will overshadow
• 19:53
  Speaker 1: what Trump has been touting for so long saying that
• 19:56
  Speaker 1: he was going to do, and end up raising rates.
• 20:00
  Speaker 1: Let me know what you guys think. We're gonna be
• 20:01
  Speaker 1: covering this and more so stay tuned. If you like
• 20:10
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• 20:13
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• 20:16
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