[Music] [Music] good morning good morning welcome to the special live stream session with the release of the Consumer Price Index or the latest inflation data for the month of August 2024 which is set be released in about 15 minutes at 5:30 a.m. Pacific Standard time or 8:30 a.m. eastern standard time the general consensus for today's CPI is about 2.5% and 3.2% for the core CPI which is going to be a significant decrease from 2.9% in the month prior on an annual percentage basis uh and I do have my favorite Channel Bloomberg live ready to go as soon as the CPI report comes about uh in about 15 minutes and the Federal Reserve has not raised interest rates since July 26 2023 which maintain the fit funds rates between 5.25 to 5.5% and we are now expecting the FED to cut interest rates a week from today on September 18th and the question is if they're going to cut it by 25 basis points or 50 basis points now and this is the final inflation report the fed needs to see before deciding on the interest rates on September 18th and I posted this in my private group which you can join me out uh on at uh fires.com community and we had unemployment come out last Friday and it was not good at all and I'm gonna get into that later on and I'm expecting the stock market to be even more volatile this week and next week because of the following events happening soon and we already had the presidential debate last night and let me know how you think debate went last night um after today's inflation report we're going to get the PPI report coming out tomorrow at the same time which is the producer price index and that's the opposite side of the Consumer Price Index and next week on September 17th we're going to get the retail sales report which is just the day before the Federal Reserve making its decision on the interest rates in the following week we'll get the uh uh GDP Q2 third estimate or the final estimate and I'm interested to see if they're going to make any revisions from the second estimate at 3% and we're not going to get the advanced estimate for the Q3 GDP until October 30th so we're gonna we're still going to have a little time uh for that one but I'm very curious to see if we're going to see any contraction for Q3 and for our country's sake I really hope that we don't have a recession in Q3 and Q4 because we just can't afford a recession right now with over $35 trillion in national debt and PC inflation from August 31st already show that it's met below the fed's target of 2% and PC stands for personal consumption expenditures and it Rose by 2% from the month prior so which was uh in line with expectations so this metrics there we go so this metric is showing that the feds prefer inflation gauge is trending below 2% based on the past three months of data on an annualized basis we haven't seen anything below 2% since the inflation Crisis began in late 2021 so this is something positive for the Federal Reserve to start cutting rates next week and the FED will definitely pay attention to this chart as they start cutting rates in September November and December and if you're brand new to learning about the economy pce is different from CPI in several different ways the pce has a broader scope than the CPI like includes uh employer contributions to health insurance while CPI focuses only on consumers out-of-pocket medical expenses the CPI stands for Consumer Price Index and that's what they're going to show in about 10 minutes on Bloomberg about the CPI results and the next pce inflation does not come out on until September 27th for the August report and you can always visit the Bureau of Labor Statistics to have a better understanding of the differences between the CPI index and the PCA index all right and the unemployment data came in with a lot fewer jobs than expected with 142,000 jobs added in August but the unemployment rate declined to 4.2% H I call that sus like younger people would say because normally when you see a smaller increase like that the unemployment rate should have remained at 4.3% right well the decrease to 4.2% was due to a reversal of the temporary layoffs uh which went down from 190,000 from the July jobs report and I completely understand why people just don't trust the government data anymore because they already made a mistake with the overstatement of 88,000 jobs created when in fact they they were not and I'm not a conspiracy theorist but when I read something like this which was the largest error in jobs reporting like since 2009 it makes everyone think twice about what the government is actually reporting and the 4.2% unemployment rate from August continues to trigger the S Rule and I talked about the S rule exclusively or extensively in my private group and the uh email to my private members but if you don't know what the Som Ru is it was named after an economist named M Claudia s and if you go to the St Louis feds website to keep track of the S rule because it's been accurately predicting a recession every single time so when the unemployment rate in July ticked upwards to 4.3% over the past three months and the average unemployment rate was 4.13% which was higher than the lowest 3month average from the past year at 3.63% and those numbers trigger the S rule because reaching the 0.5% level means there's an incoming recession so the 4.2% from August is still signaling the start of a recession when the three-month average unemployment rate at 05% or more above the three-month average within the past year if I lost you let me know in the comment section down below or you can get my free financial resources for my website at fires.com resources but anyway this could be a false warning you know it it could be absolutely but the stock market still did not react well to the latest labor report and the opinion between whether we're going to be in a recession or not is pretty split down split down the middle and we probably have half of the economist saying that we're going to be in the labor sector recession but the other half say that this signal may not mean much when we don't see a steep increase in workers with permanent job losses and we saw that in 2008 and 2009 which triggered a long-term recession right and the S rule has been accurate about predicting a recession every single time and I'm going to say this every live stream because some people in my comment section and even some economists want to see a recession and I I don't a recession is far worse than high inflation and it will take much longer to recover from it the government would end up issuing more stimulus checks which would put us further into debt right now the there's a 100% chance that they are going to cut rates but the question is if they're going to cut it by 25 basis points or 50 basis points and I think 25 basis points will make sense for right now but if the FED cuts it by 50 basis points then the stock market may not react well to that news because they might you know then they might know something that we don't and we pretty much have all of the data we needed to see until September 18th with the exception of the PPI report tomorrow morning and the retail sales report on September 17th but those are not going to make a significant impact on the fed's decision to cut rates by 25 or 50 basis points in my honest opinion and the FED is pretty close to making that decision after today's CPI report and this one is going to be even more interesting because the FED is uh they're going to have a meeting in November that which happens to be two days after election and investors are betting on the FED to cut additional 50 basis points after the 25 basis point cut in September and I would expect the mortgage rates to significantly uh decrease by the by the second week of November because the 10year treasury notes will likely be lower uh before the rate Cuts even happen and this is going to depend entirely on the PC inflation CPI report and labor report between September 18th and November 7th and on December 18th they're predict at least another 25 basis point rate cut but there's also a chance of cutting another 50 basis points and once the FED starts cutting rates they're going to continue to cut every time they meet until the fet funds rates reaches around 3.5% next year and that's just my prediction and they could cut even further if they see more weaknesses in the labor market and I would expect the high yield savings accounts and CS to come down to like 2% or 3% or maybe even lower by so that keep that in mind if you have a a lot of cash set aside and the summary of economic projections or the SCP will also come out two more times in 2024 on September 18th next week and December 18th and we want to pay attention to what the feds uh projecting uh with the economic growth unemployment rate inflation and interest rates and if you want to know how many rate Cuts they're going to do in 2025 we want to look at the December SCP and I'll go I'll be going live for that one so be sure to subscribe if you haven't done that already now I know I talk a lot about finances um on this channel and but I also want to take a moment today to remember the victims of 911 from 23 years ago and I was in high school when it happened and it was the reason why I enlisted in the Air Force in 2004 and it got sworn in actually at a Candlestick point which was the old San Francisco for United stadium that was a really cool moment and but anyway I I remember how chaotic and saddening uh it was to watch helplessly uh with the no North Tower on fire because the TV was showing people waiting for help and it was just devastating to watch uh watch it live on TV and nobody really knew what happened to the North Tower until we saw uh flight 175 crash into the South Tower at 9:03 a.m. and flight 77 s crash into the Pentagon about 30 minutes later then we heard that there were as many as eight hijack eight airplanes that Got Hijacked and there was a lot of mixed information and news that confused everyone at the time and I strongly encourage you to visit the 911 memorial at the World Trade Center in the Pentagon uh especially for the younger generation who was born maybe born after 911 or maybe too young to remember 911 I I really love history and that's probably my second favorite subject behind finances it's a pretty close tie with the finances I would totally be a history teacher if I were given the opportunity and I I teach my 12-year-old uh every year about what happened on i11 and how that changed our country and my channel is all about the fire movement but I do occasionally uh create videos about tsp to help my fellow military brothers and sis uh sisters invest in retirement because only we know how much they don't teach us about finances and retirement and uh you know love talking to clients who are from First Responders uh firefighters and you know I I'll always treat them you know with respect and as a as a veteran it's uh it's tough you know we you know and there was the 20-year war in Afghanistan uh spent I spent some time in Iraq in 2006 and I went to Afghanistan 2008 um went to Kuwait in 2010 and you know it's just a um lot of memories and those are the friends that I will never forget so you know take the time today to just remember the victims and uh truly honestly I I don't think I will be where I am today if you know um if I really didn't join the military but anyway in about 16 minutes um at 8:46 a.m. uh Eastern Standard Time American Airline flight 11 crashed into the North Tower which was followed by flight 175 crashing into the South Tower at 9:03 a.m. so just please take this time to talk to your kids uh or grandkids about what happened today so that we will never forget what those victims went through so yeah thanks for listening to my uh little talk here but uh let me go ahead and uh pull up Bloomberg here uh we got one minute to go until the latest inflation comes out let's take a look here I shall un mute the heartbeat of the spread across Global markets real time data aspect is going to be 're going to bring you expert analysis on that sure don't miss Bloomberg's interview with [Music] [Applause] [Music] welcome to the world of decentralized finance and this is also being live stream to my private group and if you are interested in joining my private group go to fir.com community and uh if you don't care for that you can always get my free resources like 401k calculator and a financial Independence calculator by visiting fire.com resources so um if you're more into the free stuff go for it and if you do want to schedule a consultation to talk about your finances your financial situation go to fire.com [Music] consultation 60 minutes away from the opening Bal and just seconds away from inflation data in America the last CPI print going into the fed's decision a week from today the scores look like this we're down thep on the nas 100 we're also guys 3.2% to the market the 35773 Ecom dat .5% good morning uh we have a little bit of an inflation issue here on the core side we're up three1 of a percent during the month just two10 as forecast for the headline on a year-over-year basis that pushes core uh to 3.2% which was what was forecast so the base effects come into play on an annual basis and it doesn't really matter that we had a little bit fast inflation there on a headline basis CPI 2 and a half% that's a big drop from 2.9% but again that's somewhat base effects we'll take a look at what the three-month six-month moving averages are and we'll take a look at what the uh components of all this are John I'll walk you through the first move in the market and I'll stress what I always say after a big data point first move not always the right move but this is the move you suggest I'm sure looking at this move that this is the difference between going 25 and 50 at the Federal Reserve the two-year up four basis points the 10e up two basis points the dollar A Little Bit Stronger dollar Yen and winding almost unchange now on the session on dollar Yen at 14230 and equities pulling back leaser on the S&P 500 by 0.6% I don't usually say this usually bonds are the best indicator always the most interesting asset class 100% the ones you should watch but I will say that this reaction in the equity Market is more interesting because the idea of a 50 basis point rate cut being taken off the table somehow is negative for equities that maybe we're baking that in a little bit more that's the only assumption I could possibly imagine at a time when some people were saying that actually disinflation would be a bigger risk to stocks than a little bit of inflation there would be the belief not necessarily mine that this could constrain the fed put and constrain their ability to respond to downside risk or get ahead of potential downside risk materializing that's the way this will be seen this morning so yields up at the front end by five or six basis points equity's down particularly on small caps the Russell down by 1% that makes sense if that is what you believe we'll see what we get a week from today yeah but it doesn't make sense if you believe that actually this is a gauge of the fact that demand isn't falling off a cliff and that the economy isn't struggling and that people are still spending and you see real wages tick up so you can kind of pick your narrative right now the narrative is that the fed put might not be as strong as it was and I believe that what you're saying right now is very much was being priced in this is a confusing moment and it just highlights how the reaction function of markets is not very clear It's the reaction function of the FED which is maybe a little bit more clear although unclear on the magnitude Bond's still falling yield still rising up by five or six basis points the 2-year 365 the 10e just bear in mind before today every single day in September the tenure yield has dropped it's up by just two basis points right now to 366 we've had a big rally in fixed income Mike mcke had a couple of minutes to go over the numbers what screaming jumping off the page to you well the the inflation we're seeing in this report is basically where we have seen it all along now used cars and new cars price were not really changed very much you new cars flat and used cars down 1% but owner equivalent rent up half a percent that's an increase from the prior month and it is so large as a component of CPI that that is what the BLS has really pushed up uh the core here uh the uh motor vehicle insurance number up 6/10 of a percent still Rising a little bit less than it had been airf fares up 3.9% uh on the other side we have uh energy Commodities like uh gasoline down 610 of 8% you probably knew that at the at the pump and food which of course has been a big argument in the political world uh food at home flat grocery prices flat after a on10 gain last month so uh really grocery store prices aren't rising at least according to the BLS I'm sure you get people at the checkout counter saying still so much more yeah especially the computers that are checking you out I am wondering though uh about the housing component that to me is really significant givenin the fact that there are people who challenge whether this is a lagging indicator whether this is an accurate reflection and how much really uh what some people would say is a broken housing market has contributed to the stickiness of inflation how much is that essentially what you're seeing in the data well the housing if you took housing out and I I can't do the math in my head but if you took housing out of this you would probably have a very close to Flat uh CPI for the month and I think that's what the FED is going to do because they know they're not affecting that at this point supposed to be coming down and then if you look at the rest of the world the rest of the world doesn't do housing like the US does housing in CPI and so uh you can make a case that underlying inflation which is what officials at the FED are making that that case underlying inflation is still coming down given what's going on though with core how difficult would it be for Powell to really gain consensus for something like a 50 basis point cut I think it'd be harder for him to do that part of it is image um the Optics of what you're doing and if you have to explain it and try to convince the American people they don't focus enough on this stuff to really buy it uh and to listen so the the easy story to tell is the 25 basis points we're seeing inflation come down uh the job market is still good the econom is still good we can start the cutting cycle now but it doesn't look like there's an emergency in the economy and it doesn't look like inflation is going to go shooting up again M mck thank you sir very very much I agree with Michael um this is why I like Bloomberg uh for the most part they are very unbiased with what they say so I do want to give you guys a little bit of breakdown here from what the CPI was saying uh the report itself he's right if you took out um the housing allog together it actually does not it's pretty flat um pretty flat all across so oops that's not right okay there we go um so I I am going to just take a take a pck here so I'm just I'm going to go ahead and zoom in if you've never seen this before you can go to U Bureau of Labor Statistics and uh take a look from there what I am not going to do I'm not going to zoom in on the chart you can do that on your device you can do that on your YouTube app or wherever that you're watching from you can zoom in on it and then take a look at the numbers what I don't want to do is just zoom in and then make you guys all DIY going around so uh that's what I'm going to do but if you look at home flat uh not home sorry food Flats Flats energy was a slight increase but not too much but what's increasing is the uh food away from home so uh people eating out you know I hate eating out because like they're still expensive and I still like prefer to eat at home um energy commodi is down 8% and gasoline still down as you can probably tell about the gas prices um so food has been the uh the main topic uh for all the presidential well didn't really talk about it too much at the debate last night but uh that has been like what people um have been disliking for the last three four years right so uh that's something that they're everyone's paying attention to how much do the eggs cost how much does you know beef cost that type of thing um so I'm going to skip energy because they're pretty they're just coming down as normal uh new vehicles flat used vehicle came down by negative 1 uh negative 1% that has been coming down negative 10.4% on an annualized basis so on the right side here this is all annualized basis and this right here is what you want to pay attention to this is from August month over month increase or decrease okay and Medical Care Commodities uh looks like it's down .2% and then uh when we look at shelter that's what he was talking about that's 0.5% it is is the biggest uh uh biggest weight in the CPI wow transportation services went up by 0.9% that's interesting uh that might have been the biggest increase since uh let's see yeah April okay so that that is a pretty significant increase there for 7.9% and medical care services at negative .1% okay so let's take a look and see uh what's down here all right so the food index uh has increased. 1% in August after Rising 0 2% in each of the previous two months got it uh so it is pretty much flat non-alcoholic beverages index fell 7% in August after Rising 0.5% um so let's see food at home uh food for index for other food at home decreased. 3% the index for fruits and vegetables declined .2% and the index was cereals and bakery product fell .1% in August so flat pretty flat right nothing really significant happened in a for the August CPI um uh this is probably the other one the food away from home index R was 3% in August so food away from home restaurants you know dining out takeouts um all that stuff that's still increasing um you know talking to my clients who are still in debt I always tell them stop eating out you know that's probably going to be the biggest expense item on your budget until you get out of debt and I I don't have any debt and I still limit myself from going out to eat because how how expensive it is um the let's see so that's that's for food the food away from home index Rose four 4% over the last year so it's still increasing and that's uh like I said that's still something that we do people do look at and discuss uh energy we all know it's come down um okay so something I uh there is something I do want to see uh car insurance has always been the topic here uh auto insurance no you know what I'm not going to search for it because this is not going to be good I know Auto it's right here is it vehicle it's not Auto is it vehicle motor vehicle insurance man it's been a while let's see see if I can find Insurance tenants and household Insurance still going up so health insurance but Flats but year-over-year is still there oh there we go motor vehicle insurance is still increased by 16.5% year over-ear and I do want to look at what the month over month increase is like let's take a look here you have to kind of like search down uh nope okay percentage change large okay so Motor Vehicle Insurance went up by 6% here that's between July and August so if you take a look here um I'm going to go and highlight so you'll know what to do [Music] and this is what what you want to look at July to August changes and if you uh look at it at the bottom because this is more of a broken down data when you go to the Bureau of Labor Statistics website click on the PDF one not the HTML so you can get the full breakdown and just open it up in Adobe if you really want to nerd it out like I am doing right now but uh motor vehicle maintenance and servicing decreased by negative .1% but the motor vehicle repair keeps going up in 1.4% and just remember that uh vehicle repair and body work and um oh anything maintenance related ties directly to vehicle insurance so you know more car accidents happen we're going to get more there's going to be an increase in car insurance too so it's uh it's frustrating but um so we seem to have more car accidents since uh covid than we did uh years prior people just need to drive more carefully probably but I also believe that they're gouging prices at the same time and I did a video on that uh in the last live stream I believe they're you know bringing up way too much prices and then uh because they they're still public companies and insurance car insurance companies are public companies and they need to have profitable quarters to please their shareholders uh so yeah vehicle insurance went up by 1 Point 6% uh so understandably it is frustrating for people but here's something that's interesting Airline fairs went up by 3.9% in just one month wow that is a significant increase right there in just one month 3.9% and I don't know I just flew back from uh the East Coast that was in DC Virginia and there were uh airports were pretty packed I I mean I guess that's just my perception and it's just one airport but people are still traveling and I think a lot of people took advantage of uh the low Airline fairs and just kind of went from there um and they just wanted to maybe fly away for the Labor Day weekend and I'm sure next month in October for the September CPI we're going to see an increase in Airline fairs because of the demand um I think we have a lot of Flyers during the Labor Day weekend the next time people are going to fly in lot will be uh Thanksgiving um and then after that will be uh Christmas time frame so it'll be pretty interesting to see uh how this transforms because that is one of the items that I do pay attention to because I love traveling um let's see Hospital Services let me see I don't see any significant increase in anything Airline was something that's 3 .9% oh what's 2.5% okay so trans public transportation 2.5% wow I feel like that's something they shouldn't increase but they do um education and Community Services personal care services tax return preparation and other accounting fees went down by negative 1. 3% Financial Services went down negative .3% that's pretty true I mean my service fees you know it's been pretty flat but the prices do go up uh every year for me um you know for labor wise it does go up but um you know having you know my goal is to have you know uh the Lan Fromm clients uh making sure that they're still on track to become you know be to achieve higher but I understand that there's a Slowdown if anything would be Financial Services Business Services related well cell phone cell phone services went down slightly personal care services went up haircuts went up yeah haircuts are still expensive um daycare in preschool that's probably one of the most frustrating items on uh every parent luckily my my daughter is 12 now so I don't have to put her in daycare but it is very oh man it's it's crazy to see how people have to pay 158 $22,000 for one child for daycare I mean I know it depends on the location but when my daughter was like one uh you know I put her in daycare and that cost me like 600 bucks a month you know people would they would do anything to go back to that price you know so it's uh it's crazy and can you really blame people for not wanting to have more kids but yeah uh who girl good morning from Georgia cool good morning from Vegas um you know what's crazy is uh someone recognized me on the plane last week and I I was like oh man I made it because somebody recognized me on the plane just asked me hey are you sigh do you do Finance stuff on YouTube and like yeah cool you know it's like celebrity moment this is one of those C you know what celebrities do on the plane so uh yeah that's just one of those things um but like I said this is a pretty flat um Consumer Report uh inflation report so it came in 2.5% if you missed it 2.5% headline and a 3.2% core CPI uh but if you take out shelter um it hasn't really done anything from July to August so right now the uh fet Federal Reserve is looking to cut interest rates by 0.25% so there's a 71% chance I'm going to go and refresh that just real quick and see how that has changed um but what you do want to pay attention to oh there you go 85% chance that the FED is going to cut rates by 25 basis points next Wednesday and I will be going live stream for that so be sure to subscribe if you haven't done that already what you w to pay attention to right now as the rates start to uh come down um the 10year treasury B the bond market and the stock market right now they're a little confused about the report they don't know how how they want to proceed with this but um as they start cutting rates September November December if you have sizable cash and this is not any personalized Financial advice but if you do have cash and let's say high savings account or CDs um just be aware of how the rates are going to come down at the same time a lot of people um they start investing or start saving their money in 2020 2021 I would say 2021 uh start following you know YouTube channels or following people to start opening up high you saving account so when they came in they were already at 3.8% 4% and then now 5% apy for the high savings account right but as they start cutting rates we're going to start seeing four four .3 and I think Alli Bank uh which is one of my favorite Banks not uh sponsored it's down I believe it's at 4.3% so after today or next week I believe um they're going to start cutting more down to like 4.1 or maybe down to 4% or lower in November if they do cut rates by 50 basis points like this one is saying then expect the high sa accounts and even CDs uh they're going to come down to like probably 3.5 or maybe lower to like 3.3% in highi savings account so uh you know don't panic uh I don't know I I start uh I opened up my first high Y savings account in 2015 and uh interest at the time that was 0.9% apy so it was 0.9% was still better than 0.1% with the traditional bank so you know I I still made more money than the traditional Banks but you know cash is going to become uh less and less uh I you know Pleasant or uh appealing for consumers so that I wouldn't be surprised if you know this kind of becomes like a more of a risk on market and people would probably put more uh into the stock market but what's really hanging up to investors right now is the jobs report the labor report port and they're not sure if they if people should invest because they're they're fearing that recession possibly coming in Q3 Q4 or maybe q1 Q2 2025 so those are the things that uh the several Catalyst that's coming right and we have uh people don't talk about this no no presidential candidates that talked about this last night was you know the debt ceiling is going to expire in January 2025 and uh the tax cuts and jobs act I don't know why that wasn't brought up at all at the debate last night um that was in that's that's a huge thing that's going to expire next year um and you know I I know I posted a video about uh Biden's plan about uh raising taxes that came out maybe two months ago three months ago I try to make it as unbiased as possible but you know it turned out that video people some people saw this oh you know if you hate Biden then you must be a trump fan like dude I'm very right down the- middle kind of guy and I don't take signs and I do you know you know look at presidential candidates I always vote every election and um I do want to listen to what each presidential candidate has to say um and I watched the debate last night um just because you agree with one policy and disagree with another it doesn't make you a poit automatically in a political affiliate I think people need to stop saying that or people need to stop assuming that just because you know one person let's say you are against um you know capital unrealized capital gains um I I'm absolutely against taxing unrealized capital gains and then people in the comment section said well that's just for people with you know for billionaires and multi-millionaires what does that have to do with you it has everything to do with us you do realize that the stock market is moved by billion and multi-millionaires right so it does affect your 401k accounts it does you know it people would lose they don't want to invest as much in the US market because of that right so those are the things and you know if if you say oh I agree with the green energy policy and then you're automatically labeled as you know a liberal uh crazy leftist that type of thing and I think people just need to stop labeling each other and maybe look at all the policies objectively and make the Judgment for yourself and when you go you know when I before I vote I want to know what each presidential C candidate has to say about the economic policies you know I do look at the their website go to their website and type in their economic policies their tax policies you know when I go to Trump's website it's all there I know what he's done that's the that's the easy thing four years ago or eight years ago what what he was going to do and he did it but when I go to Harris's website it's it's really nothing there you know there's not not much detail um on her website on what she's going to do and neither candidates really talked about anything last night I'm going to try to be as political neutral politically neutral here because I'm not taking sides on anybody but you know the debate the last two debates I don't know maybe the last 10 debates um they never say anything specific I get it you know I get it and but I we want to hear more about what they are going to do instead of what they didn't do right so th those are the things that maybe PE um they need to kind of think about and say well rate Cuts would be a bad idea maybe a good idea you know something that they could debate about or the people can't afford homes so we're going to give him money no you know how about we build more homes because it it's the inventory issue you know the Great Cuts are can be adjusted that's monetary policy by the Federal Reserve you know but you can absolutely build more homes going into the future so that's something that I I really hope that um uh I don't know I'm not going to say who I'm voting for because I still don't know I don't know and I'm one of those undecided voters uh that the media portrays that there so many undecided voters and you know somebody has told me in the past uh that I am the problem uh since cist like me people who uh you know vote Democrat Republican or someone else I am the problem I'm like I don't have to choose why do I have to choose one political party right but anyway I'm going to stop ranting um but uh do want to take a moment here second Oh there's uh and you know uh just maybe take a moment today and I talked about it in my uh in the live stream earlier um but today is 911 Charles Aaron jhua Todd Aon let's take a moment to remember the victims of 911 and I'm sure we have a lot of uh veterans First Responders and firefighters watching this so you know take a moment to talk to your kids grandkids and talk about what happened today that day you know what' you do what was your reaction uh how do you feel about all the changes that happened from 2001 to now uh it's it's educational show them the videos of the news coverage that happened on that day you know uh those are the things that uh that we need to take a moment to come together to remember um you know we're we're so divided right now with all the things that's happening but anyway got to go appreciate you guys joining in I will be live stream uh going live stream next Wednesday and I'll be answering all kinds of questions at the same time when the Federal Reserve make their own make their decisions on the interest rate cuts and uh we will see you then I appreciate it Cheryl good morning and good day