BREAKING: TRUMP Tops Kamala In New Prediction Poll as CNN Tries to 'Save the Day!'

let's see if this ah here we go hello everyone welcome back to the 76 report I'm Trish Regan it's great to have you here um I I'm here as always with my wonderful esteemed colleague Rob Horton and this is amazing okay this is amazing so this afternoon I'm planning out the show and I'm looking at for the Trish Regan show and I'm looking at a USA Today poll that came out and Rob I may have sent this to you it basically showed that KLA was ahead a little bit but it was within the margin of error and I'm like you know I think they're getting a little ahead of themselves kind of out over their skis because as I've looked at some of the poll data I I really haven't quite seen it this way especially when it comes to sort of as we call it intv Market by market or in politics it's state by state right when you go state by state you see a lot of weakness specifically in Pennsylvania that we've talked about um both here and on the Trish Regan show and and other states as well and so I I just wasn't buying this poll so to speak I I do think it tends to be a little bit of a psychop but I I want to get your reaction here Rob to this that came in because this to me is pretty incredible um if you take a look this is the wow I mean this is the the poll that Nate silver is putting out and Nate's a pretty straight shooter um this is the big picture who is favored to win the presidency and if you look at this chart what it shows us is that Harris has now crossed into a more negative position and Donald Trump is ahead by 52.4% the numbers are not perfect Nate points us out because there's still the possibility of having a tie in the Electoral College but it's Trump 52.4% to Harris 47.3% so I'm just kind of curious you know Rob if you can give me your reaction to that um let me get this out of the way for just a moment or I can shrink it again this is a live program we love having you guys here please make sure that you do me the favor and Rob the favor of subscribing to the 76 Channel um it it's it's important believe me really really important right now I'm just putting this sort of in between us so that everybody can see it as we talk about this what's your reaction I mean I I'm not entirely surprised I just think for whatever reason the media is just not getting there they want you to believe something different yeah it's really interesting the trajectory I I suppose so that's his model and I've been reading a little bit about it and it's kind of like a bottomup model almost like a financial model where you go kind of state by state and feed in all these inputs and clearly uh Trump on this upswing I'm not sure when that that um that wasin the last couple of days I mean you it might actually perhaps be that RFK Jr came into the equation or you know she just didn't get the balce I think when you look at his model he had originally anticipated some kind of Bounce Factor happening for her coming out of the DNC and that wasn't there Rob like she just didn't get and it's amazing because the media attention has been like whoa you know like she's greatest things since slice bread don't we love her love her love her and the fact that she didn't get a big bounce out of that they're probably going to blame Beyonce because Beyonce didn't show up you know I'm kind of thinking that maybe he had to recalculate this and in doing so he had to to effectively put her in in a lower position yeah yeah and the RFK news uh you know I think in in most of the played but I think you know what he's picking up on here it really does seem to be impa impactful and I can't imagine how it wouldn't be you know given that RFK was polling in these key States you know in the mid single digits and you know if he can swing uh a couple of points in either Direction that's and these are undecided voters in the first place who are kind of in that or uncommitted voters who are in that RFK camp in the first place so you know to me S I mean maybe Telsa sort of helps teeny bit on the margin um in terms of momentum but I think RFK was sort of one of those game changers for Trump because even if it's only four points like four points is four points in a close election you'll take it and then the other thing you got to think about is I suspect one of the reasons why they're constantly pumping this Rah comma message in the media is because they want to actually just squelch any enthusiasm that they can right they want to diminish that enthusiasm among the base because the hope is everybody will stay home nobody will go and show up and vote and so he won't get that turnout but I think he's going to get it and I think it's important for people to remember hey it's not over until it's over and this new prediction from Nate silver reflects exactly that yeah I mean and look it's a tight race I mean it's you know you kind of put weight on who's ahead versus who's behind but ultimately you know we're we're kind of plus or minus a few Point 50 so at least per his model it's it's really a coin toss so so let's think about it in terms of the market now how closely they're tied we'll see I think look if she were to get through what she wants to get through it's absolutely terrifying it's very communist it's very very um take your money to to spread it around to everybody else I mean just you know we we've been through some of the policies but when you look at Market reaction today I mean you had some bad news out there right Nvidia not well actually I I'll take that back that was great news that was great news I was really pleased that Nvidia had such a performance it's just that you know Buy on the rumor sell on the news really kicked in it was bad news that Nvidia tanked like 6 Plus perc but Market was okay you know like we worry sometimes you know everybody's in Nvidia and you kind of worry it's one of the reasons in our our model portfolios which I'll I'll give a shout out to right here guys in the model portfolios at 76 research we actually deliberately don't pick Nvidia because we think you get enough exposure in the broader Market over all and there's better ways to play it but do you think at all that these things are related I mean you look at Poly Market he's ahead two points you look at Nate Silver's prediction I think investors want dare I say a trump presidency yeah I think you could pick up you know just tracking the market on on days when you know it seems uh Trump or ker in the lead or where there's more favorable news I think there's more Market enthusiasm for a trump win and um I it just stands to reason I mean the tax programs you know that they're proposing um the economic policies in general I think are not favorable for investors specifically they're not favorable for for the economy in general so it makes all the sense in the world to me that investors would prefer you know a positive outcome for Trump no I I get it I mean one of the things I think that they're just missing out on and I played this earlier in my own program but I think they for get that you can't just necessarily Bank on a certain demo my name is Jasmine Woodson hi my name is silow I'm Karen Watson I'm Yolanda Johnson from Georgia this is BB diamond from New York City I'm Dana Galen and I'm from Tampa Florida I live in hagertown Maryland out here in Maricopa County okay so this is a new campaign ad that the Trump team just released and it's it's all these women that African-American women are saying look I'm voting for him and they're kind of almost in my estimation trying to give some confidence to other people that may not be willing to come out and say hey I'm standing with him I'm not standing with her I think in some R in some ways like this the Democrats have kind of banked on a little bit too much they're thinking oh she's clearly going to clean up on this portion of the vote but but Rob we've been through the numbers I mean you look at where inflation is for goodness sakes and I think that you're underestimating people if you think that you know they don't care about this for example oops sorry that went right right on your face um but I've got my my handy little inflation chart here on the screen and you look at these things car insurance up 54% K through2 Food up 66% gasoline up 51% electricity up 32% groceries Etc like these are things that people are dealing with so when Ben Stiller the actor is asked in an airport as he was sometime within the last 24 hours hey you know who are you voting he's like kamla because we need change it's like wait a second she wouldn't really break ring change I mean maybe more inflation but you don't want more of this because she's had three and a half years and I think these everyday folks all through America get it yeah and inflation really hurts you know the I mean certain demographics more than others I mean the bottom end of the you know income Spectrum right so younger voters or you know like less lower income voters they're going to be the ones who are really going to be feeling feeling the the pain of the inflationary policy policies you know when I think about the election in general I mean in terms of just thinking about it objectively like who's going to win and and what's the outcome going to be the one fact that really comes to mind is that you know we had 15% more votes in 2020 than 2016 so there was a huge difference in turnout patterns right and that was because of the covid related rules and um other kind of get out the vote practice that went into play and to me like the big variable is like how is that going to what's that going to look like in 2024 you know because I in terms of like on a state-by-state basis what is the ability to like Drive turnout because it was just a massive impact I mean a 15% increase so so I mean I that's a really really good point and that's why I think that there's a method to the madness with the left constantly trying to kind of you know make conservatives feel sort of bad and like they don't have a chance in HL and I'm like wait a second okay it a over till it's over and you know we still got some time to go and these these memories are quite significant for people so look I think the market it's hard and you and I talked about this last time like Market's going to do what the Market's going to do I mean you might say oh gosh well like how is it possible in any way shape or form that the market can even be this successful under this particular regime under this particular crowd given what we've seen um but look they've generated erated a ton of inflation a ton of inflation and you know like it or not unfortunately in an inflationary environment shareholders tend to do better right than everyday folks because those asset prices will go up compared to yeah I I mean I think wages in a lot of Industries the just you know you're these are just businesses price their products in in you know it's like a nominal economy right and um if money is being debased you know earnings and revenues and earnings that that that sort of grows at least on paper so um it can be helpful and if you're an asset owner or businesses are kind of built around these assets you know they they sort of benefit from that at least just you know kind of mathematically from the inflationary effect it's one of the reasons why I just keep saying people you know you got to be investing you've got it we have three portfolios on the site if you're worried about inflation take a look at the inflation adjusted uh or the inflation protection portfolio the other thing is the basic Income Builder if you want to be generating some kind of dividend income when you retire and the the other biggie obviously and we can talk a little bit about Nvidia and AI Etc um would of course be the AI plays around Nvidia and we get into some of that in our American Brazilians portfolio peace in my mind good to see you dbca good to see you Douglas good to have you here Kathy everybody let us know like if you have any questions peace of mind is asking the areas what would one invest in if comma wins maybe military and inflation protection stocks because the thinking being and Rob you and I have looked at these numbers especially Visa V lockie Martin um and other big names in the defense space it's amazing how well they've been doing ever since 2014 when we started to have more of a presence in Afghanistan and they they've really just taken off um in the last 10 years even beating the S&P at last check in the last 10 years so that's like sort of incredible but it's in part I think how you have these Global tensions that are increasing so piece of my mind thinking about it and this is smart piece of my mind because you want this from an investing standpoint like what do you you want to be able to succeed right no matter what yeah and I suppose you know greater chance that the forever Wars keep keep humming along if uh if comma does does win here I think you know you do want to own businesses that can kind of aren't to reliant on the the political outcome and you know who who actually wins and and a lot of uh you know a lot of companies are kind of can function sort of independent of that right I mean there's going to be some that are more sensitive to just the overall economic performance than others uh but you know you if you own sort of strong franchise businesses with you know high quality Market positions and strong Market positions you know as we've seen even under under the Biden Administration a lot of those companies have performed very well and when you you think about AI um I don't know you know that that that's sort of its own train right I mean that sort of technological progress and sort of the inevitable kind of March of mankind forward um I don't know how much of that's going to be I mean Trump I know is is embracing policies that will really favor you know development of AI and he's he's interested in that in that as an industrial policy um perhaps more so than than the other party but that's really kind of being driven by its own sort of internal Dynamics yeah look the AI play is super interesting um I I can't say enough good things about it I mean I really I mean it's scary I get it guys but from an investing perspective I just think there's tremendous opportunity there and it's one of the reasons why you know we we think you need to concentrate on this space and we've talked about digital reality for example as one stock that kind of allows you to benefit from the AI play and the success of Nvidia I see Don who's a former CM you were Chicago MC right Don he's he's joining the the chat um CM Trader he's not a fan of Nvidia and part because of the valuation levels and you look you know there's a reason why Rob and I actually didn't include it in the resilience portfolio and it's also because of valuation levels right you just you start to get nervous when it's it's that it's that big a portion for example of the S&P and like it just keeps going up up and away but it doesn't mean that you don't believe in what it's doing as a company or you don't believe in the sector and there's just a lot of different ways to play the sector that maybe are a little less High beta than something like Nvidia so again if you get a 76 research you can get the 76 report I encourage you to do that for just a dollar code word dollar I put it in the show notes code word dollar d o l l a r that's worth taking a look at because that kind of introduces you to investing and you get R read on everything uh pretty regularly so you heard from us last night heard from us this morning you you'll hear from us again but that's the 76 report you can use code word dollar 76 report.com or go to 76 research and then of course there're the the model portfolios which is a real value ad for people in fact I think the numbers work out to just an additional 23 bucks a month if you get one of the model portfolios I encourage people to do that um Rich Betty joining from Maine hello good to have you here Kathy hello as well Michael hello AG price is Don is you know the former CME guy um he worries that they'll continue to spike under Harris I don't necessarily disagree with that and I guess if you're an a Trader those are things that you're keeping in mind um Commodities in general I mean we've seen oil of course go up under the Biden Administration and part of that is because there's less Supply because they're pulling there's another headline today about how they're not going to allow Drilling in Alaska so all of these things start to take effect on things um I I want to continue that but before I do you know CNN is out with its new interview its big interview that they finally got and I'm glad that she did the interview Kamara sitting down with Dana Bash but she said something in particular that has me concerned once again about a Comm Harris Administration from an economic Market inflationary standpoint and I want to play this for you here um because there there's there's some clips out and it's important to hear as she talks about the inflation reduction act I think we know there was no way in HL that there was any inflation reduction going on I mean that you know that that that's a giant joke and it she kind of admits it here because she talks about how wetted she is to some of these ideas that she was able to get through which let me be very clear have nothing to do with reducing inflation generally speaking how should voters look at some of the changes that you've made uh that you explained some of here uh in your policy is it because you have more experience now and you've learned more about the information is it because you were running for president in a Democratic primary and should they feel comfortable and confident that what you're saying now is going to be your policy moving forward Dana I think the the the most important and most significant aspect of my policy perspective and decisions is my values have not changed you mentioned the green New Deal I have always believed and I have worked on it that the climate crisis is real that it is an urgent matter to which we should apply metrics that include holding ourselves to deadlines around time we did that with the inflation reduction act we have set goals for the United States of America and by extension the globe around when we should meet certain standards for reduction of greenhouse gas emissions as an example that value has not changed okay so she immediately pivoted to Green energy and effectively in doing so admitted that the American public she never had any intention of reducing inflation it was all about some of these other pet projects that she's so committed to that she needed to squeeze in there just to keep this all in perspective what did they do they passed the inflation reduction act and what did we then see Skyhigh inflation inflation was bad enough and then they got involved passed the inflation reduction act which had nothing to do with reducing inflation only with spending more money and by the way this is what she wants to do again Rob she wants to come in and give everybody $225,000 for your first home and she wants to forgive all your student debt regardless of what the Supreme Court says and then on top of that she's going to pay for it by going after those all those people that bought a stock and it went up in value it could sink think tomorrow but it doesn't matter KLA wants her fair share the way I interpreted her comments in that little clip I felt she was basically saying look you know lately I've been kind of presenting myself and downplaying certain policies and you know kind of showing myself to be more of a moderate but my values haven't changed you know it's just like the inflation reduction act you know I say I say one thing but I really mean another don't worry about it you know I say inflation reduction I really mean is green New Deal and and climate you know aggressive climate uh regulation so that that's sort of my you know impression of what she was trying to communicate to I suppose her her base or her her core voters who are worried that um you know it was like Bernie Sanders his feedback on the convention right like wait why are you why are you guys acting so uh tacking to the center and act acting so mainstream and she's I guess providing some reassurance that no she's she's the the KLA Harris she's she really is um well look I don't think she's mainstream at all not when I hear what they're actually proposing I mean I I don't think there's anything mainstream about any of these policies in fact if anything we can look back on the Biden Administration and think it was relatively quaint in comparison given what she is proposing I mean price controls seriously you saw this one as attorney general in California I went after companies that illegally increased prices including wholes saor that inflated the price of prescription medication and companies that conspired with competitors to keep prices of electronics High I won more than $1 billion doll for consumers so believe me as president I will go after the Bad actors and I will work to pass the first ever Federal ban on PR price gauging on food oh my gosh you can't even say gouging I mean I look I I don't think how do I say this nicely I don't think she's The Brightest Bulb on the planet um unfortunately for her unfortunately for the country I mean it's just sort of amazing that we can be in a situation right now where this particular woman is running for the presidency but look America didn't pick her I mean I think people need to remember that Rob America did not pick this woman who could very well be the president of the United States uh I I mean I don't think it's going to happen but you know crazier things have and it happened kind of just out from under us right I mean if you're a Democrat and you went to the polls and you voted for Joe Biden because they told you he was totally mentally competent and then all of a sudden they're looking at the poll numbers and they know there's no way there's just no way that Joe's going to be to pull it off and they do a Switcheroo I mean wow it's it's very strange I mean it's like America didn't vote for her I mean the Democrats didn't vote for her no one in the primaries voted for her in California even if you go back and look at her you know kind of path to the senate in California you know it I think it was a an uncontested there there was a primary challenger but it was like an uncontested so she was kind of the the the machine choice in in in making her way to the Senate to fill a vacancy um I've never seen any evidence that she really you know has gone out and connected with voters and really you know sort of won them over through her charm or Charisma or whatever you know whatever it takes for any politician to totically achieve success in American politics she so it tells you I hate to say this but you know because I want to transition a little bit to the Deep State issue given all that's happening and and this does relate back to investing only you know as a somebody who who believes passionately in AI we're on kind of a Cutting Edge sort of moment or time if you would because if the wrong people get a hold of this and are just determined to squash speech you could have a a really kind of totalitarian style outcome um and it's it's very dystopian sort of in nature and so it's it's a concern as an investor it's a concern as an American but she's somebody who's never won an election but somebody liked her somebody out there I'm assuming Obama was like this is it this is our ticket and given what we've seen thus far it's it's not like Joe's doing a ton of work it's not like KLA is doing a ton of work Wall Street Journal has a brand new article talking about all the many many days that she spent out in California at these fancy schmancy parties with Hollywood actors while she was VP so he's on the beach she's out in Hollywood it's like who the heck's running the country I guess the team that wants to continue running the country right so she's she's sort of the Figure Head for the party she's being installed by the party and it's it's just like unprecedented you know and it's I think you know we talked about it the other day I mean you know typically in the United States you have these politicians who kind of have a ground swell of individual support and sort of lead the party you don't have these individuals who are sort of picked by sort of nameless faceless kind of influential figures whether they're donors or whether it's Obama you know in the party just sort of saying Oh no you're going to be the one who um you know is going to be is going to be president and like really her background I mean you know she she I guess she's kind of a conventional leftist her I've never really heard her say anything particularly interesting or or sort of knowledgeable about foreign policy Economic Policy right I mean that's not her background at all you know her background I guess is as is is as a as a a DA and she kind of knows her way around the social issues that she's interested in but you know I I think she's gonna she's gonna sort of go with the flow and and she was named by the the party leaders whoever they are and she'll presumably answer to them right so she won't have to work that hard you know you get the other guys running the show um look people think she's basically financially illiterate David Brooks saying that on NPR the other day David Brooks is a New York Times Colonist a conservative if they have one at the New York Times and he voiced that concern you and I have talked about Tim Waltz who I mean doesn't even own a stock for goodness sakes I mean this is the guy that would be the vice president and and he's earned six figures for the last however many years 20 years and he hasn't bothered to buy one stock or his home and clearly doesn't believe in ownership I guess either that or is just a spend Thrift or not that bright I mean 30 30 plane tickets to China yeah round trip that adds up I guess you can't uh I mean man oh man that's in the New York Times by the way it's it's 30 over the years 30 30 trips oh my gosh um so it does add up it does add up I guess you know you're choosing where to think about why would he go to China 30 times I guess he was just that fascinated with it I mean I maybe it was in connection with his work as a social studies teacher I think of interest to him look I've been to China a few times it's a cool cool place to go I mean I've been I went for work we won't hold it against you no I no look China's you know what we have a lot to learn from China in a lot of ways you know when it comes to the economy and you know kind of their their version I'm Not praising China but I'm I'm sort of remarking as someone who's been there and witnessed you know and sort of seen what they've created um they're they're capitalist in their own way too which we shouldn't forget but no I mean I I think he he certainly has a a certain philosophical fondness for China and when you know we talked about the Democrat Party I mean when you think about the CCP and how things actually work in China it's it's it's obviously not a democracy it's a country that's ruled by a political party you know called the CCP and they have this process whereby they kind of internally select the leadership and it's it's sort of opaque how it goes down and it really feels like you know are we are we moving in that direction where where God forbid you know we have sort of like a onep party type system and no real Democratic mechanisms to you know feed the leadership of that party and then you have this technocratic state that you know is is governed in perpetuity by an unelected elite so it's an important thing to think about as we consider what's going on with Mark Zuckerberg um here's the uh forgive me I just I want to show everyone on screen this letter um this is Mark Zuckerberg's letter um you can see it here guys uh let me try one more time time let's see if I can uh all right well we'll we'll do we'll do my best you got to forgive my production skills here um but as you look at this guys what you see is Mark Zuckerberg doing this sort of M culpa to Jim Jordan and this is this is wild I I've i' I've been covering this like every day on My Show by the way the New York Times has yet has yet to cover this yeah I mean weird right like even the Washington Post like everybody is on it but not the New York Times and you would think as journalists they should care about something like this so they talk about how back in 2021 senior officials from the Biden Administration the Biden Administration Biden Harris Administration they're at the White House repeatedly pressured our teams for months to censor certain covid-19 content including humor and satire you and I know the babon B guys I mean those poor guys right like there was no I mean they're hysterically funny people should follow them just look at those headlines at they turn out but they went through HL and back with Facebook and other censorship areas I mean Twitter people say this is why Elon bought Twitter he was so stunned his like favorite satirical site it's like the onion except for the right was getting shut down well including humor and satire and expressed a lot of frustration with our teams when we didn't agree ultimately it was our decision whether or not to take content down and we own those decisions including covid-19 related charges changes we made to our enforcement in the wake of this pressure I believe he writes the government pressure was wrong duh I mean and then it gets worse so a lot of the media covers that section but then they don't cover this other section which I highlighted here with my my scribble my big circle in a separate situation the FBI warned us about a potential Russian disinformation operation around the Biden family and barisma that led up to the 2020 election that fall when we saw a New York Post story repeating or reporting on corruption allegations including then Democrat Presidential nominee Joe Biden's family we sent that story to fact Checkers etc etc look I was one of the people I I tweeted that out Biden had already come into the White House at that point he was already in there I tweeted a story and oh my gosh Facebook went nuts they said you have to take it right down right now and so I'm like uh okay like or your your account's done for and then because I took it down it's like you know drinking but refusing to would the breath lier like a drunk driving thing right where they're like immediately okay you're guilty your guilty is charged I was done like I couldn't get out to my audience for the course of the next year I'm like you got to be kidding me I mean I lived this and not only me like so many of my friends that are conservatives and that are Personalities in conservative media it was crazy and I'm just thinking when we look at China and we look at what was going on meta can do what it wants and they don't love politics I get it you know I can do my cooking videos on meta you know or sing a song that's fine they'll let me access the audience they're not really good about politics so be it but it's very different when it's the government in this case the FBI coming to them and saying can't run this this is disinformation and putting that pressure campaign on them I mean that's where I start to get kind of worried and if Mark Zuckerberg is smart and we know he is he ought to be worried too yeah and I mean it was an interesting letter and it's it's sort of trying you know trying to figure out what his motivations are I mean on the one hand maybe he's just this is how he feels and he's he's he's extremely rich and he's just being honest and and expressing his you know there's no ulterior motive he's actually expressing his real point of view on the other hand maybe he's seeing the writing on the wall and um you know this was this was addressed to to Jim Jordan right um yes so you know it's I mean look there's a very decent probability 50% at least perhaps that Republicans will you know take the White House maybe take the Senate so he's going to have to answer to these guys and uh you know I mean an apology or coming clean or an acknowledgement of just indisputable facts at this point you know seems to be may you know something that it's a good starting point for him you know strategically in sort of dealing with yes he also called Trump and and and talk to him after the assassination attempt I mean people say did it change Trump I don't think it changed in one iota like not except it made him like oh my gosh like I really need to win now but it might have had some effect maybe dare I say on Mark Zuckerberg I want to go to this clip this is Mark Zuckerberg speaking with Emily Chang who I used to work with she does a tech show over at Bloomberg and he tells her like like this was really something to see I've done some stuff personally in the past I'm not planning on doing that this time um and that includes you know not endorsing either of the candidates um now look I mean there's obviously a lot of crazy stuff going on in the world I mean the historic events over the last like over the weekend and I mean on a personal note it's you know I mean seeing Donald Trump get get up after getting shot in the face and pump his fist in the air with the American flag is one of the most badass things I've ever seen in my life but um but look I mean it's um you know as and I think look at some level as an American it's like hard to not get kind of emotional about that Spirit um and that fight and I think that that's why a lot of people like the guy yeah I mean really just incredible there um what we saw on that on that day I mean I remember I think you were the first to tell me me believe it or not I'm getting emotional too I think you I was I was you know downtown with my kids we just had late lunch and I get a text everyone from Rob and and a couple other friends are on a group text and it's like oh my gosh and and I it stopped me right on the sidewalk like I just I couldn't even move and the kids are like you okay I mean it was just unbelievable and it's crazy to think that that was not that long ago I mean it was not that long ago and now it's like wiped from everyone's mind and KLA Harris is like I'm your S I mean it's crazy it's it was even at the time like we were looking you couldn't find the wealth of information that you would think that you would find on it right um at that at that moment in time I guess because that was just a bad set of facts in terms of the political momentum right for the left um I think they were going to take out Joe before that I think they' already made a decision to put in KLA it slowed it down by about a week yeah um you know the timing of it you know it's just so many um so many kind of unpredicted you know developments here in this election uh but no I think from Zuckerberg's point of view I mean I think he's being pretty authentic there because it is hard to it's not so much that he you know got shot but the way he kind of instinct acted and like you really felt you know in in Trump's reaction that just a lot of emotion and a lot of like authentic feeling and just commitment and and patriotism and he's right you know Zuckerberg's right so maybe maybe he's he's kind of coming around you know I would say on on in terms of you know thinking about these guy you know we talked about Nvidia we talked about meta and Mark Zuckerberg I mean it's just so important now these these Max s I'm just thinking about in a political context like these M these ma seven um leaders and the individuals running these companies that represent like a third of the S&P 500 and are just kind of dominating uh AI now right and and they're the ones buying all the Nvidia chips and building out all the data centers they're going to own the brains of the economy these hyperscalers it's just interesting that we we actually from a political standpoint we really do need to think about these giant Tech juggernauts when there's only you know five six seven eight of them that um are just so influential now in in our not just our economy but in our our politic ICS our society they control the the flow of information right um a little bit of clearly I mean look it's it's you've got to think about it politically you also got to think about as an investor I mean look I think that the reason China is never going to fully realize its potential is because it's run by much communist it is the CCP and the difference I don't believe that you can fully entirely truly have capitalism without having these certain freedoms including freedom of speech including having all these freedoms that we hold dear As Americans and so they do go hand inand and in order for these companies to really continue outperforming because they've had a heck of a run they've got to reach sort of this next plateau and this next Plateau I'm telling you is going to be great I mean I think that the world as we know it is going to change dramatically you think about how much it changed you know with the the onset of the phone and this is going to be that much more so there's so many different and you and I have talked about this in past I encourage people to look at the library on the at 76 research YouTube channel because Rob and I get into all the different ways and and by the way subscribe subscribe to 76 research.com use code word dollar our gift to you back to school season you got to you know get your financial life in in shape as well so code word dollar for the first two months and then it goes to 9.95 but it is so important to think about how to invest in these sectors and the good news is the good news is look the US is out in front whether or not we keep that edge if I'm a tech CEO I'm worried about that I really am if I'm Mark Zuckerberg I'm like I want us to keep this Edge but can I really keep this Edge if I've got the FBI breathing down my back about this that and the other yeah no I mean that's why I mean this it's going to be it's an important issue in the election is really how do we deal with big Tech and it's and and I don't know if the answer is just to let them do whatever they want and certainly on the right that's not uh that hasn't been the the feeling or the the perception by a lot of people you know that there's there is a desire because they they have so much um influence over the economy now and and and so immensely profitable and sort of share over the most important part of the economy um you know there is a a feeling to um you know promote their success but at the same time to kind of you know contain them or or to to sort of you know put the interests of the American people first when you think about you know from like from a regulatory perspective or an antitrust perspective so I think it's going to be a very interesting um you know kind of back and forth it almost reminds me of going back a hundred years to you know when you had the big trusts sort of competing with the federal government and like which one was more powerful um you know we're we're GNA we're seeing that play out in real time and it's only going to become more relevant as um you know we kind of get deeper into Ai and all of these bus business models evolve and um you know really significant social changes start to start to you know furled take place of course no a lot there's a lot I mean that's why it is such a incredibly important election um back to Communism for a moment I want to share with you what one of KLA Harris's advisers had to say on CNBC so I don't really usually get that worked oh my gosh like I was just spinning bullets after I saw this one I I mean this guy for him to try and insist that somehow taxing unrealized gains on stock market positions is the same as a property tax is Bonkers and you know for for NBC granted Joe is very conservative but but even Becky she's not she's not always like playing her hand that way I mean she was even all over this guy on CNBC in the morning I want to get your reaction and the viewers reaction to this because this is I mean it's kind of like theft I think it's totally unconstitutional um but this guy you know has a different view clearly unrealized gains taxing unrealized Gams just doesn't seem fair in any sense of the word in the very best in the very best sense if you are taxing unrealized gains all you're doing is pulling forward the taxes that would be paid later when someone actually sells the stock I I I I think that this reaction to unrealized gains is a little funny given that I bet that the majority of people watching right now are already paying a tax on unrealized gains it's called a property tax tax when the value of your home goes up when the value of your home goes up you pay higher taxes even if you don't sell your home your value of your home never moves the way stock moves the way something always the go to answer it's also property tax is a use tax you're paying for school for the schools you're paying for emergency services those are things that make absolute sense and and sure and all the all the revenue that comes in from these unrealized gains taxes and the other taxes in the tax in the Harris plan are going to go to what creating what she calls more opport opportunity it's to make sure that every newn in this country $6,000 Services well look I I you're you're arguing that this is some sort of foreign concept that's completely uh unknown probably unconstitutional it's probably and it was never in in anyone's intent to it's not an income tax and it's never going to happen probably not not well my I'm not going to say my lifetime I wouldn't say that not in Becky's lifetime yeah um I've done some stuff for so that was that was kind of amusing and and she she even came in she said I wouldn't say that not in my lifetime not in other words she's saying look it's real and I would point out that what did they start around three four% for an income tax and then you know the next thing you know it's it's basically 50% I it it's uh well not the you know the to I'm talking all in but I I'm sorry like they you know this is one slippery slope they're like oh it's only people with 100 million wat just say like look you know what yeah that's for now that's for now because then it's going to slide down to 50 and then 25 and the next thing you know a million if you have a million in Assets in your 401k and in your your home hey you know it's fair game for the government um or they'll they'll go after you know 500,000 you get a $500,000 home and and combined assets and your your Equity portfolio I'm sorry like I I don't trust this one single no it's I mean all right so there's a lot going on here um it's really I mean we we have to think about it as a blood pressure down we have to think about it I I get I get you know I get my Irish up but go ahead there is a lot going on so we're we're moving away from the principle that you know the government has the right to tax certain Financial transactions like when you receive income or when you monetize an asset right like that that's a a financial transaction and now it's just assessing like a levy on the value of something that they will control how it's valued so when you think of unrealized gains there's nothing it's really just a wealth tax it's really just an asset value tax right the only difference between taxing an asset based on its value verses taxing the appre you know it's it's just sort of starting from like a higher basis so instead of taxing 2% of the entire value maybe they'll tax you know 20% of uh you know the the increase in the value over the last few years right so but it lands you in the exact same place which is you're you're paying taxes based on a percentage value of the asset um you know in the property tax analogy so they always they always like to use analogies to kind of to kind of change change the rules right or to to to kind of normalize Concepts that shouldn't be normalized when you think of a property tax you know you pay property taxes on your home that is a a tax that's really connected with the asset itself um you know where you buy the home you know that there's certain level of property taxes that any owner of the property has to to pay to like the municipal government and and that's how the municipal government kind of funds its operations and you get something for that right theoretically unless you live in New York City which is one of the reasons I don't live there anymore I mean I moved out to New York and I'm like oh my gosh my tax dollars actually go to something it's amazing right you have schools you have Parks you have community centers all that good stuff but the but the tax attaches to the asset you know in that property tax situation here they just want to apply asset wealth taxes or kind of asset based taxes just to sort of your whole you know whatever they choose it to be right whether it's your your Equity portfolio or your uh you know whatever Investments you have real estate and and that's just an openend Farm a family farm so then it's it just becomes open-ended it just becomes subject to like the political process you know that so that the legislature I guess or executive order you know they'll decide which of your assets and and what the rules would be in terms of what percentage of them the government gets to take at any given time so it's it's it's really opening Pandora's Box and it's I mean and also we talked a little bit earlier about you know this the idea that I mean valuation is um very you know one of the one of the advantages of taxing Financial transactions is that there's not like dispute over valuation when you start getting into the realm of asset-based Taxation now you're you're talking about you know the need to kind of ascribe value to different assets and you know markets ascribe value to assets it shouldn't really be the the government that does that and value valuations fluctuate you know Nvidia is down 6% today I mean there's constant transition so it's it's it's it's a really really dangerous idea that sounds maybe relatable at first but can really so not no and it's troubling it really really is troubling because I think this is where she's at okay it's not about capitalism it's not about growing the pie for everyone it's not about a strong America for goodness sakes her own hubby went out and did some appearance this is great Rob I got to show you this this is just actually fantastic this tells you everything you know need to know about where this party is right now so he goes out I guess he's in Michigan and he does an appearance and he starts to say USA and he starts to try and get this chant and people are afraid to say it they won't even say USA so he's like it's okay it's okay you can say I mean he's there with Gina romondo right and Gina who's in the administration Commerce Secretary she can't even say USA it's like these people are just they're off in left field literally USA USA so USA you can say it you can say it you can say it it's okay guys you know what it's okay to be patriotic I mean what has happened to our country when you can't even actually voice your approval right for for this Bas and then you wonder why you wonder why it looks like Donald Trump is pulling ahead in the Nate silver pole I'm telling you people are over it they are really sick of this anti- USA movement this moment I mean they can't even say the words in Michigan I yeah i' had not seen that before that is that is quite funny um just came in just came in h off the proc we're live we're live you can put up with my you know computer skills you're all right it kind it kind of reminds me of coar when you know he he made that point about CNN he said it like flatly that they were objective and then the audience like laughed right it's like the audience reaction was just not what was uh what was anticipated but there was like a lot of Truth in it I feel like you know it's this idea that you know oh is is saying USA is that problematic you know is that you know I mean because really their whole party is uh opposed to kind of the principle of nationalism and pursuing the national interest right so because Trump represented that so therefore they can't well they they don't they don't believe in it right they don't believe in in in borders they don't believe in sovereignty like they I don't think they believe in nationalism as a as a valid um driving force or political force or you know they they take a more Universal uh kind of collective human Collective kind of uh perspective so it it it's actually makes sense that none of those people would really be interested in chanting USA I mean I think Doug or the first the first he has to I call him douge um douge has to do that right I mean by I'm sorry like this lady does not know how to pick them I mean the guy sorry to be so catty but really I mean like he took off with the The Nanny like he's just he's not exactly the picture of manhood shall we say um in more ways than one and it you know coming off Willie Brown and then winds up with douge I'm sorry but anyway yeah he had intended to be like USA USA and nobody knew what to do and the shocking thing is it wasn't just the audience it's even the Commerce Secretary who a lot of people think within the business Community is not that bad and I'm like she must be I she's just clueless this same lady this same lady so long as we're on Gina Rondo this is unbelievable did you see the clip the other day where she's actually going to sit there and defend nonsense the labor department reporting that you know what hey jobs didn't grow by some 800 and something thousand and Gina Rondo is asked about this and she tries to accuse this she's trying to say that this is somehow a lie and I I'm just I'm I'm sort of stunned here we go you you know I've talked about in the past but let's let the viewer weigh in when you hear that do you potentially think that this new numbers could be a liability for this Campa no when I hear that first of all I don't believe it because I never heard Donald Trump say anything truthful it is though from the Bureau of Labor I don't I I'm not familiar with that yeah okay so she wants to just pretend like she doesn't know what's going on Rob because you know it's not it's not con I mean I'm amazed because you know look I mean maybe I'm just a news hound because it's what I do but you know you've spent all those years on Wall Street you kind of need to know what's going on in the real world too um she she's you know clueless clueless I mean if she if like had she never heard was she unfamiliar with the Department of Labor the Bureau of Labor I mean she knows what the Department of Labor is I mean she ought to know what non-farm payrolls are she ought to know that they are historically kind of off on those things and yet immediately like she's just kind of like having this out-of- body experience much like she was with douggy boy not knowing what to do it's like her instinct is just to attack and to attack Trump the Department of Labor your own Department of Labor and your own Administration lady is saying this and and you somehow immediately think it can't be true any criticism can't I mean if there's any any any inconvenient fact you just sort of attach it to Trump and then you say Trump is is a liar or doesn't have credibility and then you move on right it's you know maybe you go to retired intelligence uh ex you know senior intelligence you can leave the next uh campaign the next time you know somebody's in trouble laptop right you don't have to engage in the debate you don't have to have a thoughtful informed debate on a policy matter you just smear your opponent and attach the problematic point or fact to your opponent and and call it misinformation and move on to the next I guess what's amazing about this to me is how Americans they were seeing through it again if you go back to the Nate silver poll and the fact that Donald Trump is ahead now despite everything that they've been trying to do what is the rationale in your view like how is it that Americans are able to cut through the noise that's out there is it because of platforms like this is it because the media has changed so so drastically just in the last couple of years that people are able to reach better more truthful more transparent sources of information I mean look Twitter X it gets a lot of views and a lot of information you know everyone has access to it and a lot of important information comes through on on that platform in particular I think I think is really influential but you know other other internet platforms and people communicate with one another and and share information it is remarkable though I mean when you think about the media you know like I've always been a political junkie watching you know ever since I was a kid right watching uh watching network stations or watching the mclocklin group you know when I was little you know oh that's yeah I you know the the arguments the back and forth and there was a real back and forth and there was a presentation of the the leftwing perspective and the right-wing perspective and um you know there there there was some degree I mean the media has historically been somewhat biased to the left but there was some effort at balance but nowadays it's like you know there I think there's really been like a a transition that's occurred and I I don't know if it's in the last five years and maybe it's cultural maybe it's generational you know it could be cultural it is generational it's also technology right like the technology the fact that I'm I'm sitting here doing this with you live right now it takes a certain amount of bandwidth it takes a certain amount of horsepower in terms of the internet we used to have to hire live trucks to be able to do this on network news and it was a big deal like if you got a 10-second live tag at the end of your little Spiel you do you know like a minute 30 on whatever and in my case it might be the market or the jobs report or something and then you get 10 seconds to wrap it up but they paid a ton of money for this live truck I total waste of resources by the way just in more ways than one but you know that was that was a fortune to do that and now it's it's nothing um and so the media industry is changing so incredibly fast and it's remarkable it's it's exciting to be part of it's exciting to be here a reminder you guys subscribe subscribe subscribe to this channel if you're watching please do us that favor hit the Bell so you know when we're live I want to go to an interesting clip that just came out this is Jesse Waters my former colleague at Fox he um he's a personality he's got sort of his own way about him and he's for the most part I think pretty darn truthful he said something regarding kamla and how she's tethered if you would to Joe Biden he's like heck you know like she was there she was the last person in the room and then he starts questioning her foreign policy chops all fair game he says something by the way like my head didn't go there that was you know one of his co-hosts immediately put some inuendo around what he said and now you you got kamla's husband's ex-wife let's make sure I get that right right the ex-wife of the hubby douge he's she's out there saying this is terrible he never should have said this you've got a congresswoman who's going nuts on Jesse for this one and then you've got Twitter lighting up saying that the guy needs to get fired for this it's just ridiculous let me play the clip and then we got to talk about the media and the change and Disney and fox and all these other players as investing strategies three years since kamla boasted about being the quote last person in the room when Joe Biden decided to go ahead with the Afghanistan withdrawal Jesse uh people consider you to be the last person in the room because that that's CU everybody keeps trying to ditch you yeah they just left they just left right but you understand the reference Greg yes is that she was somehow involved in the decision and it was her uh wise guidance that he was relying upon listen she was the last in the room in Afghanistan she was the borders are and she was the deciding vote on trillions of inflationary spending on those three most popular Joe Biden items she's basically like a conjoined twin you cannot separate the two and and let's talk about foreign policy what is her foreign policy this is where the president has his most impact you have a lot of room to maneuver there as commander-in-chief we don't know who she is we don't know what she believes she's going to get paralyzed in the situation room while the generals have their way with her right now Jesse Jesse I don't like that figuratively again take it back have their way with her control her not in a sexual way okay like I I just so didn't get that like whatever but the idea that it's created this whole hoopla around it and people are oh you know Jesse should be fired like be careful with Fox they actually could like been there done that seen that right that I've seen that movie before but what's crazy is that you know what there's he in some ways is is more enabled in this environment because if they did say okay Jesse you went too far we think you did mean something bad by that and they pulled the rug out from under guess what there's this whole new world out there and so again sort of in this podcasting Universe streaming Universe for Content creators like a Jesse or myself or Bill O'Reilly or um any any of these people that have moved on certain capacities Dan banino another great example left Fox but he's killing it right I think everybody's sort of killing it on their other platforms what does that tell you about investing in a fox or even investing in a in a Disney in light of this trepidation that so many of these media companies have we we've got to be woke we can't say anything that we're not supposed to say and yet content creation content's King and they're not necessarily able to make it as liberally I'll use that word as they might like to you know it makes me think of the letter that Zuckerberg sent just to to go back to that because you think about what's in his interest does he want to be like uh corporate media like Fox news or like the network news where they have they really kind of limit the type of content that he can monetize and present right um be uh because that might not be in his financial interest or business interest maybe he wants a he doesn't want the federal government dictating you know what what sort of content appears on his platform or I'd rather read Facebook any day of the week then then thank you very much Fox News right you just look at the valuations on these companies and fox Disney as well I mean there's just not a ton of value we've talked about Disney in the past and we can get into that in a second because I know parks and themes I mean look they're struggling too right because inflation is cutting into what they can offer their customers if you're Media Company you're kind of yesterday's news unless you're in this content creation and streaming industry and just look from like from a a platform's perspective like if they have to throttle their content creators and limit them to the most anod you know kind of unoffensive content that no one's you know kind of interested in then they're not going to have a lot of eyeballs right I mean it's sort of like you can't talk about this you can't talk about that you can't say this you can't use this word that word No One's Gonna watch it it's it's is completely pointless and boring so if I'm a platform you know I don't want to be you know sent down that path or if I'm a news organization where I can only you know I I have to just Echo like the White House talking points I like I mean your state media effectively at that point it's just you're not going to get good ratings because it's therefore you're not gonna make money but that's I mean you're talking just ratings okay so like ratings aside it's not just ratings right it's also growth and future and what does next next year and the following year and 10 years look like from now so like as I get all excited about Ai and and we're writing and you've had such tremendous analysis again a shout out for the growth portfolio American resilience go check that out in 76 research.com when you think about these opportunities in these sectors it's not like you're like okay oh boy I got to hold Fox News or even Disney I mean maybe if Disney Gets low enough Don Baka I see in the comments is joking that you and I should team up with Elon and we should buy Disney I mean I don't know as I'd want the headache of Disney right now not until it gets to a much much more attractive valuation the reason being that you have so many Legacy employees there that have this woke mindset and unless you really clean house and that's hard to do with a company that's so big I mean it's a great brand so look at some point it becomes cheap enough that you start to say Hey you know maybe this is worth a look but where's the future at Fox or Disney or or frankly any of these content creators I mean this is why incidentally that Bob Iger can't wait to get rid of ABC News just can't wait you know it's Disney is interesting now that we have like a few more months under our belt since since the activist campaign and you know kind of like seeing what's going on because you know I mean it it really had it collapsed after Nelson pelts um lost the the the proxy Challenge and you know there was this you know we were kind of indicating like okay you know look there's this Core theme park business uh the experiences segment that that's sort of like the the foundation of value in that company but you know there's another kind of possibility here and I was reading some research recently that was sort of articulating this P perspective from the short side um the short thesis on Disney is that they've really been milking the um that theme park business for cash flow for so long to kind of compensate for the the declining uh media business and entertainment business that they're doing such sort of irreparable harm to it and I think there was an article in the in the journal or the times recently about people you know it's so expensive now to to go to Disney or going people are assuming vast amounts of Consumer Debt to just take a take a vacation it's uh it's not really a sustainable situation so when you I've seen this in a lot of different Industries you have like you have a healthy business paired with like a weak business and then you kind of abuse the customer on the healthy business or jack up prices excessively and you undermine that business or or you you retailers do this that that struggle sometimes where they'll they'll cut back on customer service and then like you know in this food in the in the supermarket like the store won't be as clean because you're trying to build cash flow right to kind of keep your earnings even as the one part declines and there's a very real risk that maybe that that core Foundation of value for Disney the theme park business isn't uh you know as reliable or as you know is more vulnerable now the way they've kind of managed it over the last several years I mean it's worth look I I think this is a really really important point I look at Disney which actually traded up today 3/10 of a percent it's trading around 90 bucks 8981 a share and you know these These are concerns I mean I I think they're legitimate concern it's crazy right because this company not just not too long ago was trading around $200 a share and so it's seen its valuation cut in half but unless it's able to kind of return to its literally its magic right and and produce content that's not just another sequel that's not just another woke agenda machine I really question whether they're going to be able to get out of this rut and I'd love to see more activists in there I really would yeah I think it's probably fixable and maybe it should be broken up and maybe it should you know I mean because you know look I don't have a firm view on whether that theme park business is is in structural decline or not but I mean there's real there should be real value there and there could be a way to kind of monetize the the streaming assets and just break up all the pieces so someone could come in there and kind of what he's trying to do though right I mean that's what Bob is he's like okay I want to sell every television business I want to sell ABC News good luck Whoopi you know I want to sell ESPN even because what's a value there think about it it's the actual rights it's no longer the distribution it's no longer the cable channel it's actually you know the the the NBA or the NFL whoever owns the rights the actual leagues them M themselves that are the real value because they could go out tomorrow get a few cameras going and do exactly what we're doing here and by the way it's going to be even greater because those AI goggles whoa like those you know the Apple Vision Pro man like we're gonna be in the game yeah no I mean it's it's a worthwhile question like what is the value ad of of ESPN uh in the sense of okay you have like kind of a group of people who kind of comment about the event I mean that's um you know because it used to be more about the ual just the physic physically conect lot of those broadcasters right they've gotten into the same sort of trouble because they say something that's politically not aligned or you know I mean that especially during 2020 we saw a lot of that and there were a lot of big stars from ESPN that either quit or were fired and then went out on their own and what do you know they can do the exact same thing they don't really need ESPN as a distribution Channel because they already have a name they already have a brand and so I mean if I'm Bob I want to be rid of those things so fast now private Equity Firm could come in I mean nextar I happen to know because I I I know people um that that that is something that they've looked at I don't know if they're getting close but they've looked at Disney maybe it works for a nextar but those businesses whether it's PE or nexar whoever they're going to kind of just bleed whatever cash they can out of it so they're going to want to reduce the salaries for the personnel and you know good luck whoopy negotiating your next deal or the ESPN anchors it's Etc so they reduce they even I mean to a certain extent not to dis poor poor Jesse but I guarantee you he wasn't the same payday is Tucker Carlson I guarantee you fox saved a bundle on that one that was like woo kaching you know we're done with Tucker we don't have to deal with him anymore and we just saved ourselves a bundle and they paid out his contract similar to what happened with me right but they just saved a lot of money they didn't have to put Trish Regan on at 800 p.m. you know and it's not just me it's also the entire staff right that would actually be there producing that show they'll save that at ABC News when they get rid of the view and they they will or at least it'll be a very different kind of programming not with a live audience all this stuff because the cost savings matter so I look at this and having worked at Network news programs like a CBS where they didn't have a cable arm and you know way back then they certainly didn't have a streaming arm they were looking for profitability wherever they could get it they didn't care about being third place because you could still make something as long as you just paid people less so I look at what's going on in cable I'm like oh my gosh it's like that all over again it's like Network news got demoted when cable came onto the scene and now Cable's going to get demoted because ultimately it's the content itself and the distribution channel is whatever we want you know in Tech they have this idea of like the flywheel right where it's like things just keep getting better and better and better as you grow but it's like with with traditional media it's like in Reverse right it's like cuz once you start getting getting cheap you know say our viewers ship's going down we got to start cutting cost lowering the the production value the getting inferior talent I mean we're that's not headed in a good direction you know you're completely so it's it's sort of like a a terminal decline situation where that's I me that's why I look at these media stocks and it's like wow I mean you know we we mentioned Disney let me just look at shares of fox um I mean look the Disney media assets the market is essentially saying they're worthless at this with Disney around 90 bucks a share that that whole edifice of entertainment and media they're they're not really being valued they're only giving any value to that that theme park business wow that's quite a statement you know for the market to feel that way and maybe the Market's wrong I me I mean the film business I would think would be worth something though the Star Wars franchise all of that yeah coun that too or is it just the the the sort of news and look I think most people would say like on a priv you know if you are to if you could separate the businesses there would be buyers for the the various pieces um but I I'm just saying like when you look at the overall valuation of Disney and you know at 90 bucks a share I mean that's why the activists got in in the first place they they explicitly say so they said hey that this that's the floor value you put everything at zero and that's just what the theme parks are worth after you deduct the debt it's amazing it's amazing I'm looking at Fox and basically it hasn't moved in in five years it it's gone down and then come back up but you know in 5 years ago it was around 38 bucks a share today it's around 38 bucks a share the does not surprise me I mean just yeah Trish no just on that like just just as an investment point because that's actually very painful to hear when you're in in a stock his inflation by the way is gone your dollars are worth less so inflation invested Fox is tanked on the one hand you could be like yeah I didn't lose any money over five years you lost you know you could have been you could have been in another stock that that had a a future that had a right that had better prospects that went up you could have just been in the S&P 500 and you know you pick the wrong one and you have like it's one thing to lose money but like not making money over a long period of time and it's sort of a a dead asset um it's it's very damaging financially you know from from an investment point of view so you know those value traps those kind of broken businesses um you got to pay attention you know and and and not just say hey this stock cheap and like that Disney sets up as one of those risks right where as a value investor and I've sort of trained as a value investor you're saying hey I'm I'm getting all these extra assets they're implicitly valued at nothing you know but you know maybe five years from now you'll wake up and this shares will still be 90 and nothing got fixed and you're in the same your dollar worth less and you've missed and you've your dollars worth less and you could have it's it's really technically it's less than 38 I mean it's just you know cuz $38 five years ago is different than $38 in terms of purchasing power today so take 20% off right there yeah and and the opport I love that you I love that you referenced opportunity cost my uncle was an economist still is an economist he ran the Yukon University of Connecticut Department of Economics um he's really interesting guy and when I was quite young and I wanted to be an opera singer because yes and some of you know that I sing he sat me down and gave me a really interesting talk on the opportunity cost of becoming a singer and I'll never forget it and that word just always stuck with me I was like yeah well I'm going to do it anyway and I did for a little bit until I really started thinking about the opportunity cost so when you take a given career path you have an opportunity cost right what are you giving up to go pursue this as opposed to that when you're choosing a stock you have an opportunity cost and your opportunity cost has been pretty severe in Fox because you know what you could have bought Nvidia not that you would have exactly bought that that's perhaps too extreme but you could have just been in an S&P 500 Index and made out like a bandit yeah done done quite well yeah all the more reason subscribe you guys it's code word dollar let me see if I can put it in the chat um we have so many people tuning in which is wonderful uh I'm going to actually see if I can just add this right here into the chat right now because I want you to take advantage of this it's code word dollar d o l l a r and if you do that um you get the first two months at just a dollar each make sure obviously you subscribe to this Channel and you hit the bell and all that kind of good stuff um but it's code dollar so I'm putting this into the discussion and it's 76 report or 76 research.com I like sending people to 76 research only because that is where you're going to see the model portfolios as well so check out the model portfolios and this is where you would actually see um you know your chance to get like the resilience portfolio or the inflation protection portfolio or the Income Builder portfolio where we have or you know you can get them all you can be part of our Founders club which is the most economical way to do this and and get everything including the 76 report so wow um you know it's it's just a crazy time and there's so much change coming um I will watch the interview tonight for everyone and I'll have a readout on tomorrow's show uh rob you probably will too just you know because you do and and I do we put ourselves through these painful moments because it's it's part of the business but uh hopefully everybody else is going to have a a grand old evening and not not turn on CNN I'll be back on the Trish Regan show tomorrow do subscribe to 76 research our YouTube channel here because you know what you're going to get a lot of information lots and lots of clips about investing coming your way investing in other stuff too right hey Rob good to see you great to see you Trish