Starbucks Shakeup, Beauty Stocks, & Tim Scott on Republicans’ Plan for Blacks & USA Not Being Racist

Intro welcome home two12 yes back happy Monday y'all glorious Monday yeah marking Monday L to talk about man going on lot going on in the world we have a special guest that will be joining us uh Senator Tim Scott you don't say from South Carolina Republican our first Republican um on the program so I'm sure that'll be a very interesting conversation I guess they heard us loud and clear for sure right time we'll be talking about some policy we'll be talking about you know variety of different things but um before we start okay this is it you know what it is last the last call for alcohol you know what time it is this is the last call if you at the bar invest Fest starts Thursday actually registration but um this weekend coming Atlanta Georgia man I mean do I really have to go through this again like how many times man the legendary 50 Cent is the headliner yep have Shannon sharp de VIP night Steve Harvey T Stephen A Smith Dam and John Lauren London Don Peebles Monica erah Ian Dunlap will IM van Jones pinky Cole w c JN 19 Keys Billy Carson Shaka bars Wy awaken um Derek Hayes Terence Jay Kenny Burns Milan Harris Matthew Garland D1 uh queen of fool Jim Jones the marathon team Black Sam JP the whole team will be there man Dr Bobby Price Alex Burton Larry Marlo poor Minds the list goes on ladies and gentlemen line Microsoft Fidelity Investments ey shares by Black Rock black rock yep Black Rock Fidelity got in the building home buy home buyers Workshop um investing 101 um artificial intelligence everything you need to know oh man yeah this is it man don't and don't forget we're gonna close it out with R&V so oh I can't wait after parties man this is this is gonna be a moment to the great city of Atlanta say um get your tickets this the last run invest fest.com get your get your VIP tickets we gonna be turning up with Shannon sh on VIP night and Monica's gonna be singing and TI is going to be there and paulm and Mandy B is going we going to set it off right so get your tickets and then also shout out to reform yes yes yes they did this last year they coming back this year reform is giving away 100 General emission tickets to invest first come first serve and how you get it is that you go to the website and at checkout enter code reform you enter code reform at checkout first 100 people to do it that's going to be going in three minutes so Les to everybody that's going to be participating in nipy Hustle business grant pitch competition looking forward to that um and then we got the 50 Walkins if you wasn't chosen 50 first 50 on the walk in you still have opportunity to to pitch even if you were not selected out of the the first 100 so that's that time is that for them what what time yes uh I believe the the competition starts at one so the the judges will be opening the doors at one for the contestants to come in so this better get there 10 yeah I would be there way before that because you know what you know why you get there early because you never know who's walking in the Halls you never know who's in that Mark you just never know who you're G to run into and that could give you a little piece of advice or help you out with your pitch you just never know and I'm sure people that are pitching are going to be talk to each other right because everybody's feeling that same angst everybody's feeling that sense of nervousness and so having somebody that's about to go through the same process that you're going through always helps out in these situation so get there early and Y learn learn the flaws in their pitch so you can turn your pitch like all right gonna do that oh I see what you did mistake that's a fact that's a fact so yeah man it's a lot it's a lot putting this together so it's good it's good that it's here I will say this Thursday is registration if you live in Atlanta or if you're in Atlanta please go to gwcc C building on Thursday on Thursday to to um to register and that way you can get your credentials and everything you'll be good for the weekend and then Friday the invest bestest actually starts on Friday it doesn't start on Saturday it starts on Friday from Friday morning at 10:00 in the morning all the way to 6 o00 at night we have programming a panels on artificial intelligence investing um so please get your money's worth on the vendor Marketplace is open on Friday so Friday it actually starts on Friday so get your credentials on Thursday and please be there on Friday that's that's a lot of Education will be taking place on Friday and then um of course VIP night Friday night all day Saturday all day Sunday and then we going VI out R&B only it's just a whole vibe but Thursday registration Friday morning start yeah we'll be there Friday y gonna see us there's a guarantee that you're gonna see us so Friday we def I'll definitely be there I want I want to talk to all the vendors I like talking to them before they get that mass crowd in so I'll get there early just to talk to them let them see how they feeling let them know if this their first time what they should experience and then I want to see the presentations cuz that's like a big part of it like a lot of people put a lot of time into into their booths and so I like seeing that I'm like all right they they comeing serious where so it's the the quiet before the storm because that's exactly what it's going to be it's going to be it is Black Wall Street encompassed in one space man so it's an exciting time I can't wait to oh food trucks make sure you make sure you um go food trucks put that video on Instagram yesterday A lot of people even know there was food trucks yes last year support black businesses all black owned food trucks yes it's a lot of money being pumped into the economy um and that's not talked about enough either because I saw like it was crazy because we did the food truck review and shout out to Jack you know he one of the biggest food critics in on Instagram he had like a million followers on Tik Tok maybe more so he's white and he did um so somebody was like well you couldn't find anybody from the coach to do a few a food review well the thing about it is that um you look past the 15 food trucks that were owned by black people right so it's like when you do an event like this I'm into the 50 um hurricane chis when hurricane a lot of I know most of the time you know you know what people's favorite word is in the dictionary in in the human language what everybody's favorite that's the word of the so everybody's for the most part the majority of people on Earth their favorite word in life is their name right and I realiz that you know everybody's top priority is themselves but sometimes you have to take yourself out of it right just because you were not highlighted doesn't mean that hundreds if not thousands of people actually benefit from these type of events so the Hurricane Chris thing I just think that was irresponsible for him to say because it's like okay he might not have highlighted any streetport Louisiana artist I don't know how many there are but look at all of the hundreds if not thousands of jobs that were there for the weekend from security to jet janitorial jobs to you name it look at all of the small businesses that benefited greatly from restaurants to Tobacco tops to clothing stores you name it look at all of the hospitality that benefited greatly promoters a like parties brunches so there's no way that nobody has who else did an event in streetport Louisiana so when you bringing 30,000 people to a city that you don't even have a direct flight there's not even a direct flight from New York to streetport Louisiana so I mean that has to increase the economy right so it's like okay if Taylor Swift does a concert there is she required to bring aort I've never heard anybody say yo Taylor Swift can't come back here because she didn't bring aort Louisiana artist I've never heard that they just do their concert and they go about their day right so it's just like um when you do these type of events the economic impact for the city that the event is in is tremendous and so many people benefit from it and like I said a lot of time people don't fully understand that because I know that their number one priority is themselves and they're looking at like well if I didn't benefit from it then screw it but that's not really the best way to go about it because you're actually blocking blessings of thousands of other people if that event gets moved if that event doesn't happen in streetport Louisiana anymore now what happens to the economy for that week right yeah I think even even bigger what he's doing is the impact that it's having that week but the infrastructure that he's leaving to continue that economy to grow like the studio is there the the purpose of it was to show everybody the studio that they're building so that this is now a place that you can come so it's like the kickoff but the infrastructure and the jobs that are left behind the hospitality that's going to be increased because people will be going down there to now shoot right how many people are going to say like this is now opportunity we saw it happen in Atlanta Tyler Perry Studios Y what Phil is doing here and the street boy is pretty much identical if not very similar to it the infrastructure that's going to happen for years to come and the money that's going to be generated for years to come how do you even measure it so I mean people are very shortsighted just think about that sh Louisiana New York city is the largest city in America streetport Louisiana does not have a direct flight to New York right so logistically to bring 30,000 people into it's not even a it's not even a secondary Market you're looking at a fourth the fifth tier market right that within itself is extremely impressive feat you got to get a connecting flight from Dallas Atlanta like it I don't think people fully understand like it's not they probably don't even have enough house that many people that came in so be mindful ladies and gentlemen there's always gonna be a critic but um most people that criticize have not done anything that's what I realize like yeah you have see oppos to critiquing Hurricane Chris I like you but come on like 50 not 50 not the wrong you can't tell him he can't somewhere I don't know if you know about his track record but pretty Flawless to being able to move around it was Ill advised but all right Ian any announcements get your tickets to invest Fest um I'm excited um presentation is in slides are in cannot wait going to put on the show um if you want to get rich from the market go to envest decom if you want to know the best stocks to invest in over 90 prices of where to get in whether it's shortterm longterm or uh on the option side um stocks to stay away from some trading tips we had an amazing call last night so go to en invest.com I will see you guys there this week I'm looking forward to black out live I would be in the vendor marketplace with Shan Rashad early I may even pop up at the pitch competition this a show support so I'm excited I'm like super excited about this if I made you money please put yes in chat let's have an amazing show and I my phone is off my phone don't work I didn't I have my- Bill I'm sorry after the day nope don't hit tie AB nobody Nope off buy your tickets Panda 20 is the code if you in red panda hey don't say I a do nothing get 20% off go buy your tickets Panda 20 is a code to get 20% off red panda affiliate link the only place that that exists all right for real that's a fact that's a fact I'm with you be to beti uh Milan Steve Harvey 50 no no and I don't have 15,000 when you see is we don't have them on us so like that won't be an opportunity I don't have tickets on me we don't carry tickets the hold on so please because that that that has happened in the past this is not the opportunity now to say yo how can I get in can I get if we're on stage like and people will do this like they'll look at the time and they'll say oh those guys I didn't want to bother them but let me just three yeah we we on stage bro like I'm getting we getting emails while we on stage text me on stage yo bro I'm about to come through I'm I'm I'm in the park can't help you at that point there will be no tickets sold at the venue so your last opportunity to buy tickets will probably be Thursday so please do not it's not a walk up you can purchase a ticket all tickets will be sold virtually all tickets will be sold virtually there's no opportunity to buy a physical ticket um disclaimer y'all know how this works man uh this is the disclaimer do your own research our content is intend to be used and must be used for informational purposes only it's very important to do your own analysis before making any investment based on your own personal circumstances you should take independent Financial advice from a professional in connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise people continue to do the research continue to share the research let's grow let's have our brokerage accounts grow let's share information let's let's keep going let's win let's win okay so this Starbucks Starbucks CEO Shake-Up: Brian Niccol's Impact & Future Prospects make the right decision by selecting Brian nio as the new CEO um absolutely um amazing CEO for those who don't know he was a chief marketing officer over at yum he helped turn around Taco Bell amazing uh and he's very interesting because he's a great operator Penny Pincher on an operation side but he has a marketing brain so like if you put Tim Cook's mind on the operation side with um Steve Jobs I'm not saying he's a combination with Tim and Steve it's just an analogy but very rarely do you get an executive who has both usually a person may be good at the Visionary ideas but not the accountant side he has both we can't argue with what he did for Chipotle um I think it's interesting that he not only in the negotiation package amazing deal but to operate from California and work from home it's a great lesson to create so much leverage for yourself in your career that when you go to another institution you can make your own rules um I think Starbucks has gotten too comfortable the lines too long too much Variety in choice we have to at one point Starbucks was a luxury brand and I don't know if they're that anymore they lost some of their cache we'll talk about Google later but right now as inflation has went up some of these brands have lost what made them special and I think what he can do is bring some of that lore back into the building um and hopefully over the next year and a half the the stock was still Starbucks still one of the uh top picks in stock Club but I think with him being as an executive the the stock definitely should go up 50% over the next two years yeah amazing hire though because I was worried for a long time about what they were going to do I I think it's a it's a festar higher I'm with you I think it's an incredible higher if you look at the track record inside of the food uh enterprise economy he he's he's been at the Forefront of a lot of stuff like you said it goes back to Taco Bell 2011 here's what he I'm G to just tell you what he's done right he uh changed the menu in innovated on that created breakfast opportunities for them upgraded the rest cooking equipment and dining rooms and also introduced mobile ordering so this is 2011 right yes way ahead of the curve right this is before a lot of the brands are doing that 2018 he takes over Chipotle as CEO at the time like we we could probably remember this is right before uh we even started Earnie Leisure but they had that food outbreak where it food was contaminated dis plummeting right he takes over uh he starts a new protocol for safety he mod modernized the chain uh ordering and then he changed ingredients and so we saw it went from maybe just two items at your Pole now you see a pref of different things I think about seven different items that you can now choose from and then he increased locations in that time from 2018 till well he leaves effective September 9th this year Chipotle stock has double double so we're talking about somebody who has a proven track record in this space I think it's a it's a festar higher especially for a company like Starbucks who we've seen I mean they just took a hit last quarter um but it it's not a legacy brand but it's one of these strong Brands Insider of I would call it e-commerce SL food Enterprise right cuz the mobile part is the mobile ordering part is so key and vital to both businesses um Chipotle we saw but Starbucks that was one of the things when we trying like what what some of the setbacks that they have it's been a terrible experience for a lot of people when they order so this is like one of his key points he saw it at Taco Bell he did it with Chipotle now let's see what he can do uh with Starbucks I think it's a great higher yeah for an analogy it's like when Phil uh wanted to go coach Kobe and Shaq it's like change is going to come Championship on Horizon and we have to remember he's one of the last Executives that is a superstar that's not in Tech like to give you the order of magnitude and chipotle now has a tough job of finding a replacement for him very tough to find an executive to replace him so Starbucks would do a lot better in in each of those instances too he make the order time um a lot faster like one thing the Starbucks has been struggling with the average weight time in Starbucks now is nine and a half minutes for you to have all the food prepackage why is it taking so long for L for a lemon cake and a croissant yeah and a cake pop it's like why is it taking so damn long so um I'm excited about and I think he's gonna provide some excitement back into the culture into the building and um I think the biggest lesson here though is find a way to provide value and then if a brand is struggling be so valuable to wherever you're at that another company will give you whatever you want to come uh and work there uh same thing for you guys walking around at the vendor Marketplace if you can help vendors make more sales like we'll talk about the networking tips later but what can you do to increase value immediately that day day one when it gets in I promise you we're gonna see some changes positively at Starbucks that's gonna be the expectation yeah and he's relative 50 50 years old yeah he's young talk talking about a younger CEO yeah so okay Analyzing Niccol’s Compensation Package um so what do you feel about the conversation package can I can I break down the conversation please do all right so let's let's do it by the numbers all right so first 1.6 million per year this is his initial base salary 23% more than his Chipotle salary last year 10 million keep these numbers in in order all right this is uh his sign on bonus part of which is meant to cover cash incentives Awards and Equity that he would have vested within the year at your pootle big number 75 to 80 million this is a onetime equity repl replacement grant that will be spaced out over three years to cover any value in trotle stock uh that Brian Nicole gave up to join Starbucks and then he has some other cash annual cash that comes from stock awards and also part of the arrangement so we're talking what's that oh nearly 100 nearly 100 million yeah nearly 100 million everyone that's the word of the day leverage right um I think you have to be so great at what you do and and can we be very honest those are the best at what they do get paid the most so at a time when Starbucks needed a CEO and Howard couldn't come back for the third time and save the company can you deliver a win when is needed when inflation is up when the Fanfare around Starbucks has not been the highest they have a couple of political issues and a couple corporate issues to fix um the money goes to the person who has a Leverage has the most talent to bring the best result so he's had has a proven track record I I think it's an amazing deal and at a time when they were floundering I think the Superstar um will get paid the most like the thing that I want everyone to take away from this find a way to carve your own path to get paid this kind of money for what you're best in the world at get your tickets to invest Fest there'll be a lot of people who are best in the world at the craft to hear them speak so okay so is it a is is Starbucks a company that people should put on their watch list to buy absolutely I've been positive on it the last five or six years um in stock Club it's it's definitely our top 15 for sure so I would definitely put it on your watch list but um I want to see what his first 90-day plan is or what the vision is for like the first year but once he gets into office a positive change is going to come I'm very bullish on this as a result okay are there any small cap stocks or Futures you're eyeing for potential pullback on quadruple witching September 20th 2024 first can you explain what quadruple witching is yeah quad quadruple witching is like when um feature stocks um options all expire I think it's a great question but I I have to stress stop focusing on short-term Horizons for a quick game when you're going to miss tremendous upside um when we had to drop the middle of this month that was the buying opportunity for a lot of stocks I don't see a lot of small cap or midap stocks outperforming large cap for the time being now we'll talk about Ulta later um I like them elf but there aren't many in the roster 2000 that are going to outperform AMD TSM asml Nvidia Microsoft Apple and I wish there were more like I was going down the list trying to find two that I love but going back to my rule like if I had to put my life on the line I can't find right now A a midcap company or Russell 1000 or Russell 2000 company that I think is going to outperform by that short time frame so biggest lesson writes us down focus on the long-term gains even if you need to win even if you need the 25% to pay off a bill or what no you have to focus on the long term um qu we will get some things reset but I think the ones that are top 15 now are still going to move the market um the most you may have a outlier that may grow 25% but also keep your eye out on if B Buffett puts in a bid to buy Intel that that would be a great reversal for sure well speaking on speaking of Buffett and uh Ultra so um you know Warren Buffett's birkshire halfway they backed Ultra Ulta Ulta Ulta so is it in best interest to start adding Beauty retail to their portfolios I've been screaming this every two weeks yes like if if you don't have a Badd put the what the baddies Buy in your portfolio I've been telling you about elf Ulta for the longest time um the Cosmetic space is heating up um and these brands have performed incredibly well not on the sales size but also on a profit Market margin side like I may be a little bit more biased towards elf but there's a few that we talked about like Troy said I don't think people have listened so um in times of recession there are a couple of areas in which spending is not slow the Cosmetics area is one of them um there's been a lot of innovation there great leadership it's not talked about because it's not a chip manufacturer but um Ulta elf I definitely like there's have been a few that we've talked about but I will put them on your watch list and then wait pull back for sure we done we done carry this conversation for like two years now even during the pandemic it was one of those things where Beauty and cosmetics is going to see an up uptick because people are home people are just doing they people are watching Tik Tok and they're watching Instagram and they getting tutorial ideas and people are spending like I I know my my daughters is is now become one of these Tik Tok they like I want to try this I gotta go to Sephora I gotta go to Ulta to get this product and so it's a huge thing I think the interesting thing in the the deepest story is it said the the report was Burk shy Highway uh revealed that they purchased over at least what 691 th000 shares during the second quarter worth 266 billion and so if you look at the second quarter range of the stock at its peak was like April one it was at $529 at its low it was at 385 and so let's say he bought at the the tail end um we talked about people when when should we enter a stock when when when is that percentage and we've we've gone back and forth you and I for sure where I'm like maybe it's 25 to 30% I know you like to go to 40% but if he hit it at the low then he literally did a 25% drop from it high right absolutely so this is like everything that we've been saying you're now watching one of the greatest investors doing in real time he if not the greatest investor of all time doing it in real time the 52 uh the second quarter range was from 529 you take 30 25% of that that's about 397 let's say he got it around that area it went down that announcement came out obviously it didn't happen in real time we don't know what they do in the quarter we just see what happens after the quarter but yeah it you saw it tick right back up to 384 and so that's right back at that 29% loss from his 52e high so he's buying solid companies at discounted prices what's percentage he's doing 25 to 30% if not higher it's the same thesis that we've been saying um so that's interesting to watch because you're now seeing the greatest events to do it himself real time one of the greatest tricks that Buffett ever pulled is uh acting like he doesn't know how to trade like that that whole team in Omaha that's some sharks over there man like but just to focus on long term and not share the secrets of of timing the 25% off he got back in at a 2022 price avoided those highs that it definitely push back up to the 550s if I was Tim Cook I would be shaking in my boots though you better go call Omaha right now whatever little issues y'all have you better repair um because then you realize too and everyone keep asking why why did he sell why did Soros sell Nvidia the purpose of investing is to buy it at a low price and then sell it at a peak so you can lock in profit you don't want to keep hoping that new mountain tops and new hives are made yes you may have higher Highs but if you're in something and you get 40 or 80% return I mean he bought this like you said at an amazing price so at the 2022 level the only previous area where he could have got it in was probably like 290 that was a 2020 level like they bought it at a great price got a great deal on it it's going to push to the upside and it was probably the the deepest discounted makeup brand that was available at the time as well yeah if you look at this chart I mean you can you can just see it the second quarter you can see the decline but again if you believe in a strong company then you look for the the points of Entry even in video right talk about George Co him selling it he sold it at a peak we saw it go down to 91 it's at 12 again you're going to take profit let it pull back I'm sure when it got down to 91 you'll see probably the third the second quarter filings next quarter you'll see it people they got 200,000 shares 500,000 shares what we'll see what Nancy Pelosi did what you know I'm sure made she probably made a clean 45 million already I'm I'm I'm sure they figured out a way to to seiz on that moment the best investors buy at the best prices over and over again like we try to make this hard wait for a 20 or 25% discount or 40% discount and buy that's a fact we definitely told you about the the bottoms of a few companies but um one thing I forgot virtual get your virtual ticket if you can't make it in person invest fest.com we have VIP night option this year too so virtual really okay we never we never done that before but the VIP nice Sur um especially with the musical performances and everything so you know wanted to kind of give people a look into that into that world if they if they're interested so you can't make it that's another option so my guy Billy literally asked me last night I was like I don't know I gotta talk to Rashad and tro thank that virtual the virtual options and you can watch it from the comfort of your own home but um okay without further Ado we have our guest uh that can we bring him up how's it going gentlemen how are y'all good how you feeling yeah thank God doing really well no complaints today okay tenor Senator Tim Scott from South Carolina so I you know I'm going to be honest with you we've had a lot of politicians on we've interviewed the vice president we have never spoken to a republican before so you are the we don't want this to shock you Hallelujah this this might be breaking news but yes it's it's true but I think but you know we actually had made it a point that we wanted to kind of you know speak to Republicans because it's important to to to get you know both sides of the story right so absolutely no pressure but you are you are representing the whole party sure might have a problem with it but that's okay with me it Senator is it possible to turn your volume up a little bit yeah let me do that okay how's that that better yeah let me check on our end if we can anything we can do put back he ra he ra Mike rais it all right all right so um okay so it's a few few questions that all right let's let's let's get into first and foremost thank you for joining us appreciate it thank you for being here um okay so on the economic side uh you know Donald Trump had referenced that he worked with you on opportunity zones few few times I've saw that he said that you're an intrical part in in the opportunity zone so a lot of people still are not familiar with opportunity like they heard of it but What are Opportunity Zones? they don't really know what it is or how people have benefited from it um so since you were a part of it can you kind of explain your work in in the opportunity zones and where where does that stand currently sure uh so number one let me just I always say that the why is more important than the what and so for me the why was I grew up in a single parent household mired in poverty in North Charleston South Carolina one of the things I recognized as a law maker was that so often opportunities were elusive for us who lived in the wrong ZIP code and so when I designed the opportunity Zone project it was it was designed around the why I felt like if I could bring the resources back to the community more kids who were smarter than I would have more opportunities than I had when I was growing up and so the why opportunity zones were even created was because I understood personally watching some of the smartest people I've seen on the planet we just lived in the wrong ZIP Cod if I could help those kids be Empower to make the difference in their own lives and their mama's lives then the world would be a better place because these kids deserve the greatest access that anybody else I've seen and too many of them had too few opportunities so that's the why behind opportuni zes opportunity zones did two things basically number one it gave two incentives that those who had capital to take a look at the hardest hit economic areas in the country those areas would be designated by the governors of the states not those of us in Washington because Lord knows people in Washington cannot Define poverty in North Charleston South Carolina or Simpsonville South Carolina or someplace in Arkansas or I Iowa that has to be done by people closer to the challenging areas themselves and so the governors were given the power to designate within their state the areas that are considered the uh by the the lowincome areas uh probably three4 of those areas are majority minority and Most states not all states and but at the end of the day was happened since the creation of those zones we gave two incentives to investors one was a fiveyear investment you would get a 10% step up in your basis a seven-year investment you get a 15% step up in your basis that is attracted into the opportunity zones Nationwide somewhere near $70 billion do of commitments and investments in the poorest areas of our country leading to a 20% increase in property values with over 60% of the people living in Opportunity zones owning their own property so that's one of the ways that you actually create equity and see those property values go up number two it saw wages wage growth go around 8% versus the average in our country uh during those years was around 3.2% and then finally we saw access to opportunity because we saw more entrepreneurs creating jobs in Opportunity zones than we saw before so wage growth was up property values was up and the good news is gentrification was under 5% for those uh seven years that we've had opportunity zones it expires next year so we're going to go back to the drawing board to get the next round of opportunity zones available for the market from my perspective it it sounds like from what you're saying that in your everything that you just laid out that you feel like this has worked I wonder and you can correct me if I'm wrong in order to even invest in Opportunity zones you have to use capital gains and that's where Financial education comes into into right because a lot of us have to even have accounts to have capital gains and so I wonder how do you make sure that the average person or the average entrepreneur is able to invest if they don't even have privilege or even understand that process yeah we've had ton ton of events around the country as a matter of fact this is one of those bip parts and coalitions I put together uh during the rooll of the opportunity zones I I went across the country I did an event uh in DC with with mayor Bowser she and I went into Ward seven Ward 8 and did an opportunity Zone event where we had over 400 folks show up uh and we talked about the incentives that the city was laying on top of the national uh framework of the opportunity zones uh we've seen that happen throughout the country I was in South Carolina Rock Hill South Carolina with a good friend of mine who's a a Democrat Mayor John Gettys in in Rock Hill and he said because of opportunity zones he's seen the first um affordable housing come back to the city in more than three decades so what we did was we did another event there I brought in minority investors including TI and and and many others to have a round table discussion to make sure that our community understood the advantages uh the challenges and the real-time opportunities being presented through the opportunity zones we did that four or five years ago we had investors around the country we have Bishop Jakes uh working in in Georgia with opportunity Zone legislation working in the area to create more affordable housing so we've seen an uptake of folks coming across um the country looking for ways to get invested in there but the good news is opportunity zones and having a qualified opportunity fund only requires one person with a capital gains tax burden who wants to reduce that burden that one individual can create their own qualified opportunity Zone fund but the the the the uh Advantage was you have to stay for the long term I don't want running and gunning I don't want you coming into Community make a couple dollars and run it back out all the incentives required a fiveyear or longer investment and getting that information information out to the community it's one of the things that we worked on through the Seminars the events the meetings and then a national roll out that happened in 2018 2019 2020 we're on the tail end of the opportunity zone so we're going to have to have that kind of roll out again uh so more people will have more information to make the right decision to reinvest in the community they come from uh what are your thoughts Plan to Make College More Affordable & Improve the K-12 Education System on what we can do to improve the K through2 education system and to then eventually make uh College more affordable for people here in the United States yeah you know one of the things that we should be looking at very quickly is I said this when I was running for president I said this on the south side of Chicago I was with a pastor named Cory Brooks uh teaching preaching at his at at his at his uh church and I focused on the fact that everybody in the country say people living in poverty have quality education options on the table if you're the richest Americans you send your kid to the premier private school you can find if you are middle income or or affluent Americans you choose the neighborhood with the best schools and then you move into those neighborhoods it's only the poorest Americans who do not have quality K through2 education one of the fastest ways for us to improve that is to allow for some form of school choice to be a part of the education apparatus in our poorest areas the good news is 72% of African-American parents 68% of Hispanic parents about 80% of Asian parents and overall 82% of bluecollar parents all agree with some form of school choice whether that's Charter Schools private schools uh some uh hybrid of public schools uh parochial schools giving the parent more choices will give the kid the best chance to succeed in life and that is the fastest way for us to uh improve the plight of K through2 education classic example before she passed away Senator Feinstein and myself Corey Booker uh and Senator Ron Johnson four of us two Republicans two Democrats worked on uh school choice through the DC opportunity scholarship program that's been around for decades we four of us took that on as as a way of extending the life of it and we've seen tremendous Success Through those charter schools in DC we have some uh New York City has some strong Char schools called the Success Academy what we've seen in both of those examples is that the graduation rate for those kids from high school uh is over 90% comparatively speaking with between 48 and 54% for the nonch charter school students number one number two College attend is about 60% higher comparatively speaking uh and the the grades obviously uh reflect that as well so it's fast way for us to get there uh on the higher education spent 10 years on the education committee having been the kid who was struggling in high school I'm sure you guys all graduated Kum L I graduated thank you L someone had to be at the bottom of the of the 50% that was where I found my unhappy self but one of the things I learned along the way was if we're going to improve Pro the opportunities of of higher education then we have to look at Community Education as a real alternative so in South Carolina Tennessee and many other states you can get your first two years of college paid for free go to a community college and then in those States your college credits transfers to uh Clemson University or if you're a smarter person like me Carolina Gamecock since I'm a fan you can go there as well my Clemson fans I'm sorry yall have too many national championships I just had to put a plugin for the game Cops so you can go to some of those schools and have a get a really good education and pay half the price for your four years of education second thing you can do is look at what we've done for HBCU uh when we were in the midst of the of the of covid uh we cancelled the debt led by myself uh and others on on on on my on on the team we've canceled 1 point3 1.4 billion dollars of HBCU debt and then took it to the highest level of funding in the history of the country and made that funding permanent because one of the things I recognize is if you want to focus on making a profit and that has to be a part of the the the deal looking forward for our community specifically you have to make sure that the kids are lifelong Learners and those kids who are coming from disadvantaged communities disadvantaged schools have access to the type of training to get up up to speed so that you can then have four good years of quality education and so we focused attention on some of those institutions that felt a part of their mission was helping the underserved and so we focus on that so those are two really good ways of reducing the cost of Education in our nation a long term but let's let's let's just be honest the the person who graduates from school today has about $35,000 of college debt $35,000 of college debt translates to about $2 million of additional lifetime income that translates into a deal I would say yes to if I couldn't do it any other way so okay so let's let's talk Addressing Community Concerns for the Current Republican Agenda about this election right and um the majority not all but the majority people that listen to our program are black people right right and the majority of black people are going to vote Democrat historically and they probably will vote Democrat this year right and they are very concerned a lot of people are very concerned with the Republican party's extremely conservative agenda it seems like project 2025 has become a lightning rod on social media um the Supreme Court has taken an extremely conservative turn and we we've we've seen some interesting decisions as far as you know even with the private Equity Firm owned by black women um and they were the Freedom fund I'm not sure if you're familiar with that case or not but um that was something that we covered on this on this channel we heard that Donald Trump talking about immunity for police officers across the board I want I want to let you speak on the concerns that black people have for the Republican Party well you I can't speak to all the concerns that anybody has about any party I can speak to some of the issues and the challenges that I have tried to address uh as just a person who understands the plight of the poor having been not all black people are poor so I can't pretend to speak for all black people or speak to the issues of all black people I can however speak to the issues of those of us who've had a similar experience or similar grow uh experience growing up as I have in 2016 2017 I gave a three speeches on police reform and the necessity of it it happened right after the Walter Scott uh shooting in 2015 where African-American guy in North Charleston South Carolina about gosh two or three streets away from where I used to play and run around I was shot in the back by a law enforcement officer who said that uh the situation was completely different than actually turned out when we saw the video so I went to work on trying to provide $100 million of additional funding for uh body warn cameras so that we would have the actual picture of what happened I said then I'll say it again that a picture is worth a th000 words but a video is worth a th000 pictures and so while Walter Scott and I were not related that situation played out too often around the country and I wanted to have an opportunity to address that and the most effective way to address that frankly is through providing more bodyware cameras from my perspective second thing I did was give a speech in the line of three speeches about the fact that I had as an African-American man I've been talking about this since my County Council days 20 plus years ago about dwb we all know what that means striving while black and I had been stopped 22 times s in 20 years four times as a senator just driving well doing nothing wrong simply I mean I have spent before but I wasn't speaking these times and so wanted to lay out that the concerns and issues that you hear raised around the country are real issues that we needed to address I went around my state with a congress member uh and met with African-American leaders and law enforcement leaders to bring the communities together so that we can start solving the problems I gave a third speech about the necess of police reform and worked on it for 5 years getting about 85% of the way there before uh folks no longer wanted to finish the negotiations as released to qualified immunity which is the issue that you brought up I'm a person who believes that if you understand the difference between qualified immunity and law enforcement officers that break the law that we saw the law enforcement officer who shot the African-American female in the face arrested uh for murder what you'll see is that the transformation that we've seen in the last 10 years has been strong powerful and positive not complete and so working on the issue of of more Justice in our justice system I've often times spoken spoken those speeches about having the thumb or or or foot or frankly a whole body on the scales of justice and how our community has consistently had pay the price for that in inconsistent application of the justice system and the necessity of improving it is something I've worked on for the last seven years maybe nine years at this point uh and the same thing after the mother Emanuel Church shooting and so I look at those issues and I think sometimes if you're only watching a single Channel if you're only getting your information from One Source you don't actually see the the evidence that there is a bipartisan Coalition working on behalf of the issues that confront impact uh negatively our community I'd say that second point I'd say is that when you look at the economic realities that we faced um Republicans have done a really good job frankly I wrote the personal side of the 2017 tax code and one of the things I focused on specifically within that tax code was the importance of making sure that moners like mine who work 16 hours a day five days a week just to keep the lights on most of the time put food on the table most of the time would have more of her resources to spend on her family uh we reduced in 2017 The Single Mom's taxes by 70% on the federal level we increase the child uh tax credit by 100% from 1,00 200 ,000 at that time uh we kept in place all the requirements necessary for work because I think work is a very good thing and necessary for long-term success and viability in the society I'd also add to that we we took a look at there were really no Cuts any of the support programs but we did find that by cutting taxes the average family received over $4,400 of their own money back and lower taxes and more opportunities that combination led to the low unemployment rate in the history of the country for African-Americans the first time under 6% and so I think we could tell a very strong story about how the Republican party has done a very good job of addressing some of the challenges that are being faced by the African-American community and minorities throughout the country I I don't think that the oxygen to hear that conversation has been available more often than not um I I love having a debate about the underlying issue that we face as a country not red or blue but just typically green or Justice and when we have that kind of debate that's the debate I like to show up for because we have something at least I have something I can tell uh and the more we hear the whole story as opposed to the clips that have been snipped to fit into the narrative the caricature that we make of of of elected officials the better off we will be on making decisions about our future and how we get there with more resources more Justice and more opportunity yeah the those are those some of the issues and I wonder I mean they are American issues but at times it may not feel right you said like some of these things are done bipartisan but it may not feel that way based on narrative I wonder as as a black Republican senator I believe the only one do you feel a responsibility or a weight to make sure that these issues are sought by the party or is this something that it's naturally as American politicians this is something that everybody University feels um even in in in terms of De which is one of the things that you know we didn't just bring up but another thing that we're seeing repealed and again affecting us directly your thoughts around that and the responsibility that you play in yeah you know I think I think most people misunderstand who I am and what I represent in public office just because they haven't paid uh haven't had a lot of time paying attention to to to me on a nonbiased channnel you guys are giving me an opportunity to speak you can debate the issues and I love that because that's something that I I yearn for I thirst for the opportunity to have a serious discussion about what actually leads to progress in our country I said this a thousand times I believe it's true uh very consistent with Jeremiah 15 that Jeremiah Was Made to be a prophet before he was ever in his mother's womb that he actually had a had a Destiny and a future that was he was hardwired for not predestined but certainly he was hardwired for and in the same vein I see myself in that same vein in that God made me black on purpose it wasn't a mistake it wasn't a characteristic he just threw on on with more melanin in my skin he made me black on purpose and I think if we understand that then we understand that every single characteristic that the Lord gives us should be used to his glory including the color of our skin we should not see that as an exclusive opportunity but we see should we should see that as an inclusive opportunity to make the whole better because of every single component part of that chain and and so I do feel that I have been given the responsibility by the Lord to represent all of who I am and to do it not in an exclusive environment but to make it a part of the whole and that's what I tried to do I've been the The Voice uh within the party who have I've had that experience I've lived that life I've had the chance to understand the pain and the challenges that so many of us have had to endure and if you haven't been that person you don't fully understand those challenges I can't tend to understand the challenges of other people either but I do understand what I've had to go through to get to where I am and so opening that door of of understanding has been a part of the blessing that God has bestowed upon me now there's only three Democrats who are African Americans as well in the Senate so there one on my side three on the other side they just got three about six months ago the third person and so the the challenge of progress is one that we should all bear the responsibility of but I will say this and this may not be the most popular thing I've said I I've often times said that uh for 190 years African-Americans have been carved out of the free market system known as the American free enterprise system so it means only for the last 60 years have we had access to it and not always full access to it so understanding that means that as a small business owner my life economically was changed my mother's life my family's future was changed when I started my own business and became fairly successful after that I want to Major in finance minor in race because too often too many of our elected officials have had only one responsibility and that's to look towards the government as the only solution to deal with the issues being confronted by our community that as a single-minded approach is one that only leads to failure long term we we should understand the important role that government plays in solving some of the problems but if we don't since we've had an opportunity to be into free markets and capitalism if we don't figure out this free market system and figure it out that the only three ways to create wealth in this country real estate Equity position in the marketplace starting a small business and becoming successful if we don't understand that then we won't see the tide change because today's Tides will be changed not first by government but first by resources um I know in the past you were favorable on some of um president Trump's economic policies in light of the most recent Analyzing Donald Trump's Economic Policy loss um if you could reflect are there things you think he could have done better with the economy that could have been more favorable for African-Americans and a general United States public yeah I think that's a great question my man I say this 2019 when we went into the Co in 2020 one of the reasons why we were able to believe it or not be the leading economy in the world uh through covid and even coming out of covid was because we had the strongest economy going into Co so I actually celebrate the success that we had going into covid uh in 2019 when when I think it's a really good chance to reflect on three years of President Trump's leadership economically there's no doubt that one must conclude at least from my perspective one we can always disagree uh he created 7 million new jobs in that time that era and 2third of those jobs went to women and minorities uh it wasn't just African-Americans who saw the lowest unemployment rate in history of the country Hispanics did as well women did not they saw 70 year low but not but but not the lest uh wages at the bottom grew faster than wages at the top that is an unusual reality driven by the ability to open up a more inclusive economy uh that I helped design frankly and I take a lot of personal pride in being the leading Republican on the Banking Committee now and having been on the finance committee and given the the the authority to write the personal side of the tax code for the Senate side and so the success that I like to celebrate the success that I'm intimately familiar with uh the the HBCU funding that came through president Trump the cancelling of HBCU debt came through president Trump the permanent funding for the first time not done by a former president but done by President Trump during that time certainly I brought many of those issues to including opportunity zones but those things were successes that we saw and and frankly if you look back at the statistics and the the polls from the African-American Community not about President Trump but about the state of play economically at that time you'll see very consistently that our community was celebrating a lot of the resourcing that we saw coming in and we' seen the exact opposite uh since 2021 when we saw raging so high that the average family is today still paying ,000 more per month for the same basic necessities that they were experiencing uh up until 2020 end of 2020 and so I think when you see the comparison is it's kind of hard to argue around the success of those years that we had you can you can talk about a lot of other issues but economically and frankly the first time we saw Criminal Justice Reform pass was a coalition of like-minded thinkers to include president Trump's team that allowed us to finish the first step act to try to break what is one of the most challenging and persistent problems uh in the criminal justice system which is recidivism re recidivism on the federal level is over 70% in five years which means that the communities with the returning citizen formerly incarcerated is going to will be in Greater Jeopardy if we don't understand the three primary challenges of those who are incarcerated mental health issues uh employment issues and education issues by addressing those three things in in the first step act you see the ability to break the back of recidivism which means few crimes committed when the returning uh person goes home and healthier more Progressive uh community at large uh and so those were some the successes that we could not get done until we had someone willing to go the extra mile um on those issues uh so I think from a policy standpoint whether it's Criminal Justice Reform whether it's economically whether it's education three the major landmarks that suggest success within a community uh I community be called America not just the African-American Community we saw tremendous strides in the right direction as a quick followup you don't think that the retal retal tariffs were a mistake that end up hurting farmers and businesses at scale I'm not trying to back into the corner but I I think if we're going to be fair on the positives we do have to highlight there was a misstep there and that put a lot of pricing issues on businesses at large here in the states over the last three or four years well I see your point I can't I can't I can't dispute the fact that tariffs have an impact and sometimes even you can consider the a negative impact on the community with large without any question I would say that the tariffs that were put in place specifically the 301 tariffs that were put in place on China I would say one of the things that it resulted in was China having to buy another I think the I think the number is I'll check it when we get off the A and I'll send it to you if I'm wrong it's about $250 billion dollar of additional agricultural uh supplies from America whether it's the vegetables the fruit so one of the things that we saw was that China's they lied cheat steel to include our intellectual property uh and then they flood our Market with really inexpensive things that don't always work that well very similar to their boat their belt and road projects that they sent throughout the poorest parts of the world uh to include South South America and Africa and now those projects that they funded are now having so many failures and flaws that those governments that they sunk into so much debt are now coming out against those very projects that they were thankful for at the beginning so I don't really have a problem with the 301 tariffs that were put in place and and frankly President Biden actually kept the tariffs in place as well and so I think they've had a small impact on the average consumer in America what we have seen however that has had a impact an impact on the consumers in America uh is the inflationary effect that's happened after the 2021 election 2020 election and the $1.9 trillion the first spending bill that came out of Congress under President Biden I think it was Larry Summers who was an economist who worked for President Obama who said at the time passing a $2 trillion covid relief package with only 1% going towards covid vaccines and less than 10% towards covid uh health care that me $1.7 trillion do of spending Larry Summers a great Economist on the left uh said this is going to be disastrous for America's economy and then two other economists from the Obama era came out and said this is a bad decision uh that would lead to the worst inflation that we've seen in a generation of course all the economists on on the right agreed with the Camus as well and what we've seen since then has been a loss of spending power of around $28,000 for the average family which only cripples the kind of households that I grew up in because 60% increase in the price of gas is not a problem for my mother at the time that would be an absolute allout crisis for her and so when you compare the Tariff conversation to the inflation conversation they're not even close and impact on the poorest Americans um as far as on International policy this is a bipartisan issue Breaking Down Foreign Policy with Ukraine & Israel because both Democrats and Republicans are both um in line with this so 20 in Aid to Israel few days ago probably over 100 billion over the course of since October right and a a war that is extremely unpopular globally and domestically as well and a lot of Americans just don't understand why so much money is being sent overseas specifically to Ukraine and Israel when there's issues here in the country with infrastructure with student loans whatever so what in 40,000 people in Gaza killed women children why is it so imperative that we continue to fund this effort in the billions hundreds of billions of dollars when there's so many issues in America you know that's a good question I'd say uh October the 7th uh last year 2023 when you saw um Hamas go go into Israel and rape mothers and and daughters in front of their parents and in front of their siblings cutting off the arms uh shooting in the head Point Blank uh folks innocent folks doing nothing um when you saw the babies put into stoves and burned alive but but but the babies put into ston we had RFK Jun I just want to I don't know if that's actually accurate I don't know I don't know if the babies in the stoves is act we don't need to paint that narrative but you could you can I think you can make Point without putting the babies in the stove man here here's here's no no you cannot actually from my perspective you cannot understand the response if you don't understand the deed it's impossible I I think it's impossible to understand um the response I have to why I gave the the speech on police reform if you haven't gone through those experiences so trying to paint that picture uh in 20 minutes of speaking on the floor of the Senate was necessary for me to say the people like me who've gone through what I've gone through have the kind of visual response that we have to situations and so I'm I'm simply painting the picture as real as it is we but that's not just the whole picture because October 7th was a critical day in the lives and the reality of those in Israel uh it was also a critical day for America as well uh we know without any question that the chief sponsor of terrorism the number one sponsor of terrorism on the planet is Iran we know that Hamas trained uh some of their fighters in Iran who says that their objective is to get rid of little Satan and then turn their attention to Big Satan which is us we know that Hamas and their founding documents have said that it is their desire to eliminate every Jew on the planet uh genocide and turn more attention to to us we know that the Coalition of evil in the Middle East Hamas Hezbollah uh and and others Iran have two primary focuses one is Israel and the second is America so our response and Israel's response being shoulder-to-shoulder and sending resources over there is the kind of response you have when you know that you two are the target uh in Ukraine I'd say this very clearly that the NATO Charter does suggest well not does suggest requires us to respond uh Article 5 when any of our allies within that Coalition are targeted obviously Ukraine is not a NATO Ally but they are surrounded contiguous with NATO allies therefore if there is an incident that happens in Poland that means that article 5 kicks in and our troops are going into a war zone two brothers who both served in the military I got to tell you whatever I can do to eliminate that as a possibility is something that I think is in our long-term best interest so providing Ukraine with the resources to decimate and degrade Russia's military is in America's best interest we know that Putin's objective is to reconstitute the old USSR which includes our NATO Partners like Estonia and many many others and so if we are going to have the kind of response that reduces the likelihood that we're going to have American blood spilled uh in the in in that part of Europe Eastern Europe one of the most effective ways to do that is to reduce the ability of your enemy to respond uh and we've done that I think we've done that quite quite effectively you're right this is a bipartisan Coalition folks who disagree with me vly Republicans and Democrats I would just suggest that if you study War at all you come to the conclusion that Putin's design doesn't stop with nonn allies it requires him to attack the weakest parts of our coalition to see what our response is um and frankly it's I think it's one of the reasons why early on you saw even President Biden's initial respons was to try to get Putin not to Cyber attack these specific areas I would wouldn't have given Putin the list by the way but he uh said don't to try not to attack these areas of of our economy because it would require us to be more aggressive towards Russia uh that that kind of weakness only invites and encourages more conflict if you want to reduce Conflict at least in my neighborhood and what I've seen around the world is very similar is you can have peace if you're strong you do not get peace if you're weak that's true want follow just want follow because okay so we're allies with Israel and Ukraine I get it but let's talk one at a time Israel right so we're giving them hundreds of billions of dollars and you you refer to it the the atrocities that was committed on October 7 since then over 40,000 people have been killed mainly women and children they're bombing hospitals they're bombing schools and this is in they've been condemned internationally right from the United Nations rapable organizations saying they're committing war crimes right and there's members of the Israeli government that have been on record to say that they want to eliminate the whole entire Palestinian population not not just hamash right and then even on the West Bank we see aggression we see Palestinians getting kicked off their land we see them being terrorized as well so at what point do we say okay one life is equal to one life right so two wrongs don't make a right right and if we're complicit in atrocities being committed at some point if I'm giving somebody money I'm kind of in powered to tell them I'm going to give you this money with this stipulation if you don't follow this stipulation I'm not gonna give you money anymore trct yeah and it seems like they're not following any stipulations at all and we just keep giving them money well well Hamas has said very specifically that Palestinians make good human Shields Hamas has specifically hidden their weapons and hostages and the most vulnerable areas of Palestinian life Hamas has specifically used the tunnels to hide weapons under schools and hospitals and in neighborhoods Hamas is specifically kept the hostages in neighborhood homes they their leadership has specifically said that the Palestinian women and children are good Shields they they they have no conscience as Rel reles to how they engage in this Terror event and so when you have the weapons of mass destruction and you have the hostages hidden in neighborhoods Israel has very specifically been going into neighborhoods house to house to house trying to designate Target provide leaflets people say leave the areas because they know what H but but but they're bombing Refugee if you bomb a refugee camp if you bomb a hospital and you bomb a school that's not responsible if you bomb you tell people to go into refugee camp and then you bomb the refugee camp people you told this this actually really happened in real life so that's a Nar I don't think that that narrative is true and I think that I just think that it's an irresponsible narrative for for people to to tell because how can you where where can they go for shelter they've bombed every single place in in the in the two square mile radius of Gaza so where where they gonna go to see we we can disagree on this issue but I can provide you with report after report after report not from right or left but from any news source you want to to to specifically see that Hamas has used Palestinians as Shields with their lives on the line knowing that was their goal I can prove I can prove to you and provide again I'll get it to you at the end of the show if you like where you can see the hospitals and the schools where they put the weapons that's just what they do and that is not a debatable part of the conversation there are parts we can debate but there are some parts that cannot be debated and it cannot be debated where they plant their weapons in the most vulnerable places because they're willing to expand or or level a their own people to achieve their objective of genocide that's just what they do yeah so you said that this is obviously this conflict is in best interest of the American people but wouldn't wouldn't American citizens be the best interest of the American government right when we talking about affordable health care when we're talking about education reform we're talking about all these issues housing that exist here wouldn't the funding be more or beneficial for the people that are actually here I mean it makes it tough to see this especially from people who are just getting educated on the political process and government spending when they're seeing millions and billions of dollars spent elsewhere knowing the immediate needs here H how do you explain that to a voting population well I I can tell you that well what I would first say is that there's a bipartisan Coalition that's sending the money over to Israel right now it's not a republican event not a Democrat event this is an American event led by President of United States who I think is delivering the resources too slowly frankly but he's delivering the resources right now without any question so the hundreds of billions of dollars that we're talking about that's been sent to Israel has been sent to Israel over 15 years in the last Aid package it was about 26 billion I think it was actually was 14.3 billion specifically I think designated for Israel and then additional resources that had them put on top of that but we where we get the 100 billion plus dollar number is the three billion dollar that we've been sending to Israel for more than a decade you add all that together so you get way over the number but the point is a simple one there is a bipar coalition starting with this Administration that has been sending resources to to Israel because we understand that being an ally means you don't turn your back away from your ally in desperate need I have lots of issues with the administration uh slowness of the resources lots of issues but at the end of the day that's not miss the fact but this is a bipartison coalition who has been committed to making sure that at least defensively I think we should be there offensively as well but defensively that we are there with our Ally Israel specifically so I don't think that there's any way to turn that into a partisan issue whatsoever I think that the sh the the uh Democrat National Convention that starts uh today will have a different I mean there have 20,000 protesters out there who who who disagree with the bipartisan Coalition who are sending the resources over to Israel right now so I do think that this is a longer conversation as it relates to financial assistance but I want to bifurcate the conversation because the truth of the matter is that the challenge that we see today on affordable housing is one that we can address today the cost of a closing is up almost 400% in just less than a decade well take a look at why that is and what you'll find very quickly is that the regulatory burden for a house to close is significantly High reducing that red tape reducing the regulatory burden of a closing is one of the fastest ways to actually have more people owning their own homes and building equity in America second thing I'd say is that the inflationary reality of what's happened to the cost of every component of a house to include labor is Sky High in the last three years this is something from left or right from Economist on the left to eist on the right we'll say without any question we've seen a significant explosion in the cost of housing because of inflation we seeing a snarling of the supply chain through the transportation challenges that we've all witnessed real time and so these aren't debatable issues but they aren't you can't complate all the issues into one uh America has the resources but what we have to do is depend more on those who actually are in the business of building homes and creating opportunities than we do on the government when the government steps in to try to make the housing projects the housing uh developments increase what we've seen very consistently is the exact opposite in the last three years has been very telling on the fact that most people at the bottom economically are struggling more now than they were just four years ago and most of that has to do with the inflationary effect whether that's housing food security health care we we've seen an explosion of the loss of resources not an increase in resources even after giving cash away in the first bill in 2021 the result of that cash giveaway was inflation that actually exceeded the amount of cash given to families if you're not actually building Equity through one of the three areas I talked about earlier it is very very difficult to keep up in this current environment there's a reason why we are now sitting over on on over $1.1 trillion of credit card debt a 48% increase in household debt since 2021 it's called inflation a 21 almost 22% increase in credit card balances since 2021 it's called inflation when you're spending an additional $1,000 a month in income and you have not seen that increase in your wages it's a costly reality and the way that people have been trying to make it is by extending the the credit card to do so and we came out of Co with more money in the bank Americans have more money in the bank than at any other time in recorded history they've just spent that balance down because of the disaster of inflation brought To Us by government overspending so what is the party's plan to bring down inflation because we had quantitative easing for what 12 or 13 Republican’s Plan to Bring Down Inflation years years we can't go back to a zero interest rate environment I understand the inflation issue but yeah let's say if president Trump is in office what is the plan for the party to level things um out to make them fair if that's your argument yeah I think the uh the short answer is that if you look at the uh so instead of saying what he should do in the future let's take a look back at the past to see if it worked or not so in 2016 but not to cut you off but it's is a different set of circumstances we have 35 trillion in overall debt y you said 1.9 in credit card debt housing is up probably three acts from 2016 too much so what may have worked back then may not work now or in the future over the next four or five years Fair yeah so so I think if you look back to the 1930s and you look at the melon tax cuts one of the questions you ask yourself that did they work did it stimulate the economy the answer is yes you look at John F Kennedy's uh tax cuts in the 1960s did it stimulate the economy the answer is yes if you look at the 1980s and look at Ronald Reagan's uh tax cuts did did it work the answer is yes look at Bill Clinton's adjustment along with Bush on the capital gains tax did they work the answer is yes so I wouldn't just go back to 2016 because you're right if you just use it as a bell weather year then you're just kind of might be trying to trying to cook the books a little bit I'm not going to try to do that I'm suggesting that if you look at what happened before was covid and what happened to the rates what happened to income what happened to wage growth it may be indicative of what might be working in the future if in fact the same model that was used in the 1930s the 1960s the 1980s and the 1990s and frankly even the early 2000s all produced the same outcome which was more actual money in the pockets of the individual who then helped stimulate the economy without doing it artificially versus trying to do it artificially through government spending and so the real question is if you want inflation to come down what you actually have to have is production growth in the private sector if you don't have production growth in the private sector and you only have government stimulated growth artificially that leads to high inflation and so the net results of the passage of the 2017 tax cuts over the next few years was inflation came down to 1.4% versus where we saw Spike because of artificial spending to 9% in June July of 20121 and it's had to rustle its way down but all those price increases have been embedded in the economy since then so looking forward I think the best path forward for us is to stop spinning artificially from the government and start having more confidence in the private sector that means having more resources in the private sector a classic example is that currently we're fighting as you I'm sure know over the Basel 3 endgame proposal which would park more capital on the sidelines and less Capital to be loan for mortgages for cars and for entrepreneurs that net effect will be a slower growing economy which means it'll be harder to recover so when you take that kind of regulatory burden and red tape off the sidelines and put those resources back into the economy what you'll see is that effective stimul stimulative policies will lead to a stronger growth in the private sector and ultimately the reducing of inflation for all Americans that has played out for more than seven decades the same way and I believe it'll play out again in 2025 if we have someone who actually focuses on reducing um inflation by increasing production and activity in the private sector as opposed to depending on the government to produce what it's never done before Senator Scott I want to thank you for your time appreciate and then I'll give you you don't have to answer this question but I just want to give you the opportunity Tim Scott Defends Statement: “America is Not a Racist Country” because like I said our audience a lot of people was triggered when in Republican National Convention you said that I'm paraphrasing the America is not a racist country and yes this is a black audience that you're speaking to right it was triggering a lot of black people and I don't probably don't have to explain why it was triggering right so do you want to clarify that statement before we leave well let me just I'll say what I said then too and remember Joe Biden said America's not a racist country KLA Harris has said America's not a racist country when I say it somehow but you're you're a black man you're a black man Harris is is a black female so I'm just gonna say this that she she and I both have said America is not a racist country what I said as a precursor in 2021 to what I said said again in 2024 is I have been the victim of discrimination I understand that prejudice is real America by and large is not a racist country does not mean that we don't have racist in the country does not mean that we don't experience Prejudice it means that the country and the systems of our country have been uprooted from This Racist past and is today not a racist country I I I stand by that frankly I'd love to hear you Senator Scott you said systemically it's not currently I do not believe that it is though I definitely said it's not systemically racist the insurance industry was built off of our body I think systemic I know you have to go but I mean when you look at the prison industrial system when you look at um the policing system in America when you look at the banking system in America I mean Bank of America just had to pay billions of dollars in loans last year last year because they that's that speaks to systematic racism that speaks to Systema racism that I'm not saying that every single person in America is racist I agree with you on that but there are structures that are put in place that are still that are still to their core systematically and are functioning at a high level systematically well there's no question that we have Prejudice and people who want to employ their their racism and discrimination in their in their business and in their activities without any question that's true the question is is the response when those systems are found and if if if you believe that America is racist to the root you and I will just disagree on that I just don't I I am a black man who grew up in Charleston South Carolina where the Civil War started who ran for congress against strong Thurman's son and and came out successfully I'm a guy that wrote the legislation that has literally transformed poverty and pockets of our nation because I understand that given the right tools we respond as a nation in the right way so continuing to look for those areas of persistent Prejudice is something we should all do but to suggest that we have a root system that is still completely biased and the overwhelming factor in success in this country is the color of your skin I just don't see that I don't believe I I just don't see that happen but there's there's one other P I mean I'm sorry I was gonna say you coming from a financial background Senator Scott and the access to Capital when we talk about systems I mean that that one feels pretty glaring no listen it's one of the reasons why I've spent the last nine years working on inclusive e economic policy that has stunned the following number one I have specifically and personally passed legislation and worked on legislation that allows for the credit score to reflect the things that we as a community have been doing all along we pay our bills on time we pay the electric bill on time we pay the phone bill on time we pay our rent on time because only 42 43% of us in the current environment own a home so most of us are paying rent and so I wanted to make sure that the that the the credit reporting agencies had all the information of our credit worthiness that's one of the reason why I worked on making sure that more people have access to the banking system when in fact as high as 16% of us are underbanked or unbanked I wanted to make sure that we provided the kind of resources and tools to make sure that we had access to the to the financial system when it comes to what you guys talk about very often which is the the equity position in the marketplace we have guinsler and many others SEC who want to bring back having to pay for your trades uh access to that requires zero dollars for your trades if you want people who have very little resources to be able to buy slic and to get involved in the market uh whether it's those issues or whether it's on the the housing issue while myself and and and some of my friends on the other side have had bipartison legislation LED on financial literacy so you know and appreciate what it takes to be successful financially in this country what it takes to not only earn your degree but what the value of that degree will be having legislation that works in that direction is things I've worked on and been successful the creation of financial football that is being taught uh in high schools and colleges partnering with the NFL and visa to provide those uh type of disc so that kids can find fun learning about resources these are things that have happened but not just my watch these things have happened under my watch in the last 15 years but even before that we had leaders who were trying to Champion the cause using govern government as a as a leverage point the truth is at this point we need finances and financial literacy and resources to be the predominant leverage point so we may disagree and agree on some of the issues I can't can't speak to those things but I can speak to the ability to make sure that we keep our eye on the ball so the Next Generation which most of you guys are in that next Generation I'm probably 20 years older than all y'all at the very least I have more opportunities than I did thank you thank you so much appreciate it yes sir thank you for being have a good one right okay ladies and gentlemen Senator Post Interview Discussion Tim Scott of South Carolina um I thought that that was a good conversation we covered a variety of different topics I think that that's that's important to have um a different opinion he didn't really have that too much of a honestly to be completely honest with you about it a lot of the stuff that he said is similar to what um the Democrats have said um about a few different things so at the end though and I don't get triggered but to say you know you know what I respect is that he stood on it I actually I actually respect it because of course I don't agree with that at all not even a little bit but if he would have backpedal and like tried to like wiggle his way out of it I would have even respected it less the fact that he's like yo no this is this is just my opinion that's how I feel I can't I can't make somebody we need more fact L opinion say the expert opinion for math shot the math we need expert facts like I mean well the good thing about this is that's why in politics you you get elected based off of people's votes right so people can say how they feel it's not like private company where we don't like we can't control who runs apple right we can't control who runs Apple we can try to Bo if we don't like it but that's not like you know in an election you get to vote somebody in you get to vote somebody out you get to vote a party in you get to vote a party out it's up to you so it's like you know you say what you want to say and then it's up to the public to to um be educated on okay this is this is how this this is how this person thinks I agree with this I don't agree with this and as a result I'm going to use my vote or my donation to go for that person go against that person I don't think Trump would even say that America is not a racist country oh Trump definitely would say that for sure not he probably has already I'm sure he's already he's already said that you heard him yesterday until he said that he looks better than uh oh yeah that's crazy I seen that man I love got you got you got your beard you got your beard going man got the oils got the tan got the lineup got Steve Harvey got Steve Harvey what fabric is that my brother what fabric you got what fabric is that um Egyptian cotton I'm lie testing the Fabrics out yeah you know just just couple of swatches little do you don't say yeah real quick changing the vibe up gotta get back in my lover era little last episode of black was crazy oh man unbelievable yeah what you coming with since we talking about Fabrics H what did I was my colorways yeah what did I Come Away with both's start with what you came away with no no no no you know what don't don't do that don't do don't do came that's for a different show for a different show for black but that's for a different show listen I'm G say this I don't mean to cut you I'm pandering this week though so tune in it's gonna be a red Pander special we're gonna get back in our lover bag David shans you owe me taxes and reparations when I see you to time 30 boy my Lord what were you doing time but I'll say this um time for the calling segment with Tim yes I I didn't agree with obviously some of the things that he said I didn't agree with the Israel uh Gaza situation I don't agree with Ukraine you're hiding weapons in a refugee camp that makes no sense and even that it's like you know but the thing about is this I don't agree with the last thing he said obviously but um I will say this he is he's an intelligent person you know he's a financial advisor yeah he's intelligent he he he he um actually he he made some valid points on the finance side um and he kind of was alluding that this was the first time that he got to really speak in long form as opposed to people cutting up you know sound bites and I I could appreciate that so I am glad that we had him on because I he's stood in the fire I I got to give it to him yeah no he did he did and um he was there for you know 50 minutes at least 50 minutes so it was a long conversation um uh can I I'm gonna add real quick because you talking about the thing that you did agree with I think importantly one of the things and maybe you were going to allude to it was the three ways that you can make money in this country that's a fact like like that spot on that's what we talk about though that's what I'm saying like again real estate stocks and business that's those there's he's telling you and you can think whatever you want about him but look at this history his career in business prior to politics successful and he's telling you the same things we've been telling you I think it was a good conversation but to not know about the freedom fund case did he not know about that he said he didn't know he didn't know they he said didn't know I didn't even hear him say that he didn't know I'm not trying to pile on him to my social media team don't clip any of this part up but that how do you not yeah you know I mean that's the easy way to get around it not fam me well that's that's my move no CL my bad no I don't I mean that's my thing with the Republican party is that I actually me personally I agree with a lot of the um fiscal policies I disagree with the social policies like it just doesn't a lot of the social policies are just troubling to me um and the Democrats I usually agree with the social policies not all of them I usually agree with their social policies but I age with thec policies like I'm not a fan of big government I'm not a fan of extremely high taxes I'm just not a fan of that like you know um with no apology like I don't I don't want to have to pay half of my money to the government I don't trust the government enough to give them half of my money I rather do philanthropy on my own and if I'm G give up half of my money at least I know where the money's going the the part and I just I just don't like when Poli they they start every conversation with the the year of the first term the first year of the next term so everything is since 2021 since 2021 but I'm like yeah but we're talking about you can't talk about inflation and not talk about the pandemic and talk about the economy in that sense right you can't leave that piece out right because there is no stimulus there is no free money like these things cause inflation so to leave those things out of the conversation and this catastrophic event that has happened once in a I mean that weighs a huge Factor inside of some of those those arguments I just want to know because you know 19 keys I put the post up he was like is e I mean this was like in just but he's like is e working for the Democrats and then like some people like yeah of course they are they've been compromised they're working with the Democrats so now I want to see okay we have a republican is it I thought was Trump or three weeks ago you think he was really shocked that he was the first I want I like when I saw his eyes when he said it it was like what like like I think I think you know you think I I don't I don't think he was necessarily shocked I'm sure like know he probably knows that black people usually vote Democrat he has only the Democrats usually you know move towards black people so you know I think that so what's your thoughts on him are you are you positive on him um I mean my my thoughts on them are the same I I didn't appreciate at uh some of his Antics leading up until the the convention you know when he first told Trump that he loved him for no reason uh he loves him just no no no no no just it just sound so crazy when he did it though like it almost felt unnecessary worse than Kanye it might have been yeah it might have been Kanye was a glaze job but he a he ain't tell him to his face he respect he put the it's wor he put that Kanye put that he put that hat on but Kanye is we all know that he's dealing with more than just what me right we we can see that there's issues that are going on so I don't know what frame of mind yay was in and to this day we still don't know what frame of mind yay is in um but I'm happy to hear him talk um candidly for that long uh stand his ground like you said there's some things that we agree on some things that we're just not gonna see eye eye on and that goes into a lot of Contex and perspective like you said he is a man a black man from Charleston South Carolina who won a seat in American United States government like that's an achievement in itself coming from the south right and so his experiences his perspective is going to be a lot different from ours um so I respect that but you know like you said he stood his ground and so I I got to give him credit for that um yeah no I think like I said I think he's a smart guy man he made a lot of good points especially on the economic side the economic side I had no problem with anything that he said yeah I don't have much issue with that the tff thing yeah maybe but yeah for the most part the economic stuff cool it's fair on all right okay okay okay okay by Mom thank youing M she turned it is what sh for you gota you you gotta have journalistic integrity man we got we got to hear from everybody we got to hear from everybody what would be the GDP of America if slave was not enacted for the time like for those you get on chat GPT what would the the GDP of America be if slavery was not the founding product of the country I mean it wouldn't be a a country yeah how do you build how do you have a country the country was founded on slave labor and after that it was continue well it was founded on Stolen land then slave labor than Free Labor damn near you go through the sharecropping and and all that you know and even now to this day the president industrial system um and migrants coming and people working undocumented um so I mean that's kind of how America was built America was it's actually another part of it so all right stolen land Free Labor low costing labor and then it was a drain pool this part is actually positive because one of the one of the brilliant things that America did do was attract Talent from all over the world and that actually helped we can't leave them that the situation so a lot of immigrants came and that actually did help the situation um and you go to other these these other countries and they're not like that like China is a monolithic company where country where everybody pretty much is Chinese they have some but it's not America was built on a very diverse talent pool which is even more troubling that this anti-immigration stance is being pushed so hard in my opinion because that's how we built our company our country on low skilled workers and then High skilled workers as well MH um stolen land from other countries like New Mexico Texas oh yeah well so that goes back that's the first thing stolen land so but what I'm saying is that um you know it's just it's interesting how all this stuff comes into play here because now it's like okay you're anti is an anti- Dei you don't want to but the black people built the country there's anti-immigrant but immigrants helped Advance the country tremendously um so it's just interesting how like your anti people that actually helped move this thing forward you what would if you had to C I mean they could probably calculate that right like the cost of the land right at that time so all the land that was never accounted for a price was paay for that or lives would paid for that and then the amount of Labor that was done and constructed landmarks that still stand today absolutely what what would be the valuation of that like the same way they took the valuation of um Queen Elizabeth before I pass in how much those castles and were worth buing the net value of that absolutely what would be the the value of the the the architectural structures that were built here and homes that were built here I mean Manhattan was quote unquote sold to the Dutch settlers quote unquote new am um in 1626 for goods worth around 60 gards the exact value of that now has been debated but it's approximately equivalent to anybody want to take a guess present day does it start with a t no okay no I don't know couple hundred billion $24 what 60 gun is worth more than $24 ask chat gbt I'm like come I a listening to chat gbt on this man $24 numbers are what the numbers are a steal 24 cash here take the Isen who's your number one buyer it's tough man it's tough like we just have to face fact that that's why that triggered me but I mean and also too if we're goingon to be very honest this is why most people don't like politicians no slight against him but like it's better just to give an honest straight answer no systems is crazy no systems is crazy that's just crazy just take real estate the number one wealth Builder and aggregate for the United States of America posts slavery was real estate yet redlining for 75 years still happening to this day that's what I'm saying they're rezoning to this day actively and as soon as like all of us got in and learned I saw a post today a guy was like man as soon as I start getting some money the cost everything going up 3x then you have Dei when the founders and CEOs of the major tech companies Steve go look what Steve Jobs Heritage is they made Microsoft cancel Dei what do I know I'm just on YouTube got speaking of Microsoft do you foresee Microsoft facing potential regulatory action that could lead to a breakup Could Microsoft face Regulatory Action? similar to what has been discussed for Google not yet I think they're too valuable right now to be broken up and I think um usually when these Monopoly ations happen the Microsoft of today is different than when Gates ran it um so not in the next two or three years I think if the market cap exceeds a certain price maybe but the difference is I think Microsoft and Apple are too valuable to the overall American economy that if they were broken up it will send shock waves throughout our economy again I was G to say it feels like every time one of these Mega Mega cap companies gets too big Department of Justice steps in right like and with you can understand it but if YouTube spins off and it IPOs okay then what'll be get out even just with the Activision um deal like even that was like hold on and that might not even work out based on what they they've some of the things I've seen from from micos but even that any time time that there's an acquisition and that's why it become so tough right because we can talk about this free cash flow that they have what do you don't after you buy back socks and that's great right for retail investors and and institutional investors but at some point Acquisitions come into play and it's tough to have Acquisitions because once you do they're gonna come knocking right because now even even like you said in the next two or three years but let open AI continue to expand let that value grow let that valuation grow they have 49% you can hear them knocking already I can hear it you can but if you spin out YouTube Every Other Media Company you're in trouble Netflix that valuation drop Paramount it's over with you're G to be 2b2 right 2b2 2b2 if if Microsoft has to spin out open Ai and they're publicly traded that's going to make Microsoft richer as a result you're gonna create more mini monopolies go with the program so so all right this Manhattan thing is interesting if you if you actually Google it every single article that you see is pretty consistent um most say $24 the highest I've seen is $1,100 of 20 so no it's pretty consistent beads and um Trinkets and 60 uh gards manhatt entire Manhattan Island Manhattan Island is bro they said like I said the highest number that I've seen is in 2020 the equivalent would be 11 $100 but the the average on Google is $24 that's what that's that's what it be day today money in today's money they it was like I said the idea of sold is relative right because we know a swindler when we see one um yeah we know swindler I don't believe in none of it um Manhattan the island of Manhattan was sold for $24 and now they have a penthouse that's selling for 150 million easily one in Central Park 150 million bro the we get it later di is another form of red liner he did he left that out I asked him about I threw that out there kind of just went no looked it but okay they said the current one estimate in recent years Manhattan's total real estate value is around 3 trillion it's 10% of what what is old $24 that's a hell of a return 24 and into three trillion that was you said the Dutch right yes that's why do you know the original name of New York New Amsterdam like Harlem Harlem is a Dutch name variety of different neighborhoods they did in go ahead yeah Kings of New York that was a actually a decent movie with Leo yeah very true yeah yep well yeah and if you go to uh it's not well it's not one World Trade anymore but the freedom well not Freedom Tower it's back to One World Trade I think that yeah when you go up the elevator it shows you the history of like one of these L it's a huge LED elevator it shows you the history from I think 1626 until present day and then you get off the elevator you open up and you see present day it's kind of fly if you haven't been in New York City I would definitely go checking it out Financial capital of the world yeah $24 that's insane that's a train ride yeah and then even with the zero interest rate environment that I can't blame it all on bush cuz there were some other factors that happened but man like the devastation that happened from that war and mismanagement of the housing crisis that failed and Brock had to come in and forced them to do the zero interest rate for 12 years to get us back to above talking about it on stock Club what like without that zero interest rate environment we would have been flat from 99 to 2009 that like that housing crisis was Bare Sterns went under like I don't think people remember how Big Bear Sterns like JP Morgan back in the day Leeman Brothers like bro what two Monumental institutions went under yeah but inflation's high now okay but what do I know yeah get your tickets to bestfest please so you can Lear how to navate this Financial Freedom I only hope the Democrats gonna have to answer some questions too like you said there's 20,000 people that's going to be protesting in Chicago um they're gonna have to answer some tough questions on their on their foreign policy and on the on their domestic policy also think I think the president speaking is he tonight I believe so Biden I think he speaks tonight I think tomorrow uh Governor hok is today New York's Governor yeah for anyone who may be watching right now they're like okay with all this Doom and Gloom what's the point if How To Create an Income Outside of a 9-5 the system is R can we give them a a conclusive answer about why you still have to invest despite of the conditions we may face and roadblocks that may be thrown our away I mean it's the only option like he said you know only three ways to get to build wealth in this country is is real estate stocks and business he notice he didn't say working a job saving he didn't say any of that so at the end of the day Republican Democrat independent doesn't matter if your goal is to have Financial Freedom which people that watch this show that's usually their goal then you have to invest that's the only it's the only way it's the only way to have Financial Freedom now you still going to have other issues in life but um this show is focused on Financial Freedom so yeah with that being said that leads me to my next question Beyond stocks what are some alternative sources of income for those looking to invest heavily while moving beyond a traditional 9-to-5 job I mean we just talked to hit the nail on the head you have to build a business or build something that um that you're best in the world I know it's not an answer that everyone loves but even we were talking um yesterday about networking tips a keep your pitch down to 10 seconds because it's going to be people meeting all day all night but when you're looking to build a business what can you do that someone else in the world is not able to do you want to enter a field that doesn't have a ton of competition so like when chat GPT came on to the scene they have more competitors now but for 75 years they were trying to make something like that they were the ones that were able to execute it Google who dropped the ball was supposed to have come out with something like this eight years ago they didn't do it what can you build what resource can you give to your community or to the world that no one else can do and then you'll get a winfall from there you have to build a business or help someone build theirs so going back to the CEO of uh Starbucks now his skill set is so valuable that it's worth paying him $13 million in compensation to help resurrect Starbucks from where they are now to where they should be so be so valuable that you can increase the valuation of a company that's the only way you have to build a business have to a no more to it that's it can I sneak in these ears real and I work on your craft every day I keep stressing this um be genuine in the people that you meet but people can feel if you worked on your craft when you're pitching like we'll talk about it but you're like hey what can I do to get better you guys had the conversation with Nick Hann was like Hey do um does networking matter more or being great at your craft the answer is both but if you're not great at it the connection doesn't matter well doesn't matter can you put up points on the board when you get the ball in your proverbial Court can you continuously put points up on the board absolutely right in a crunch time yeah yeah it's it's important because I mean each person is has a subjective opinion and so is your message going to be consistent every time are you gonna show up every time the same way and the output be consistent yeah it's important I was gonna say can can we run through some earnings really quickly um absolutely since we're talking about obviously investing and creating business you tell me what you think about these companies a big week for retail uh we got Low's reporting this week we got Target Macy's uh TJ Maxx is reporting uh we got BJs uh Caba reporting Ross what's your thoughts around retail I think that they're seeing some uptick um I'm not going to say uninvestable but that's not why I will put my first set of cash if I have some spare cash I I don't want to lie and say that they're investable like someone else lied shout to him but cabba I like uh Target not so much and also like okay what is the interest rate this is a great exercise what is the current interest rate versus what is the profit margin of these companies great exercise so if the profit margin for T Target hypothetically is 8% and our interest rate is I don't want that kind of thin of of a margin BJs easy joke I won't do it kava I like though Ross Ross isn't bad Ross isn't too easy you know what I mean but that might be Ross Ross I like uh I like who who else is on there uh TJ Maxx TJ Max had a rough quarter solid solid yeah know I'm interested in seeing snowflake snowflake they got beat up last quarter so bad they haven't recovered dropped down to 150 I'm interested in seeing that and then one of the the The Darlings of the pandemic Zoom remember when they said snowflake was gonna be like the no no no no reality set in for them a bit set in yeah yeah yeah didn't didn't quite deliver where is it it's at 1:30 at was at 398 oh baby them this year this year was at 232 in February was 232 um and it's just it it it took a beating I think it after the first quarter second quarter earnings report and it hasn't it hasn't recovered it hasn't recovered so I'm interested to see what how they report stock down8 bucks over the last four years yeah for NE though unless Buffett going and buy a whole bunch of shares and merge it with Geico but no what what do you think about Zoom you talking about wanting that at its peak it's trying to stay above trying to stay around above $60 at this point if you're Zoom who can you sell to it's that is a great piece of technology but has no use case like even with that are more people on Zoom or Instagram live they might have missed a point they might miss Mark window cell they they they should have sold as soon as they got hot I would have been making every call just like the equity company did with Rock Nation hey let's merge real quick oh where you at speaking of which how was y' weekend oh yeah but Zoom uninvestable shout out to the management CEO but we have we have actually I'm glad you said this we have to be fair about this situation I did speak to uh D Dash who um you know you know we we U reported something that everybody reported last week when uh it was actually a teachable moment when um rockefella well reasonable doubt he has a Jud Dame Das has a judgment to sell Reasonable Doubt and um Jay-Z's lawyer so he going to go on auction but Jay-Z's lawyer or Rock nation's lawyer put a statement out saying that whoever buys it is going to revert back to Jay-Z in 2030 essentially you know you're discouraging people from buying it by saying putting that statement out smart for sure um so is that something CU it's like $800,000 right it's not like it's 8800 million right so is how do you feel about that how do you would that something that you would do how do you feel what do what do you think honest answer how do you what do you think as far as in in the yeah your honest answer yes what what side of the corne you on if side of Truth um the side of if he was the person that was had the Judgment no the other side the person if you want a judgment you know you you're not in the position to do anything for the person was going to revert to okay got you I I was actually because you know Joseph was talking about buying it right I think we should buy him off a Dame and give them to H and put we should do what buy the master off a Dame friend and give him the ho why would we do that relationship no I'm saying why would you give it if you buy it why would you give it yeah how much money you think you'll be able to make off of in a six-year period I think the return on investment on a relationship probably be 10x if they bought Manhattan for 24 dutches they don't take me as those type of guys though like I if it was me buying a flat out would I to have rights to it for five or six years no once again going back to the conversation we had privately I don't want to make it enemy out of anybody on that side yeah so then you don't touch it I mean you know it's one like you know it's uninvestable by making that statement he almost gave a declaration of war to say you only have five years anyway but or five or six years but those five or six years can be the lawyers don't even make those statements normally gonna back to Sean anyway what yeah unless you don't want the you know you don't want Equity to go to the Pres so I mean you know he he he I think he's looking at from a standpoint of he's saying that and he said this before for like you know that the buy laws were changed and um the potential sale originally was supposed to be it was supposed to be valued at 20 million 10 to 20 million so how does it come to only 800,000 and then put in that statement out actually lowers the value even more to the point where I don't know what the market value is now or maybe a 100,000 maybe who knows like you know it's uh so I guess the question would be what what would be the motive for doing that that I guess that's that's the mind frame that he would kind of go in it's like what would be the motive of somebody doing that other than you know devalue to hurt somebody to devalue it and then destroy completely because if I make it uninvestable or not a wise investment and it's going to revert back to JZ anyway is to drive the buyer's market no different if you have a condominium it's like well is contaminated with lead of course you're going to devalue the property for what it could go for that's on the sale of it but if there's a judgment on the other side of it doesn't that change it right like in the sense of if if it doesn't sell at that value right if the judgment is for 800,000 and now the value of that has gone down to let's say if it's one there's still 700,000 that needs to be made on that judgment well that that's I'm saying that that hurts him right that hurts him by Design so it's like I guess he looking like why would you want to hurt me more than I've already suffered right like if you have if you have to pay 800,000 and your asset your only asset that you have could potentially sell for 800,000 that'll get you out the clear but now if that asset is deemed worthless you still owe 800,000 so now it just put you in a in a pickle a different situation now you gotta try to figure out where you gonna get 800,000 from right this reminds me a lot of the Warren Buffett Leman situation in 2008 I'll say that economy but as a result some something has to fall apart that I want to fall apart so you're saying we should call Jamie Diamond he got the answer let me come save you all yes so this was put out to lower the valuation so that they could potentially inally for a cheaper for a cheaper amount right feels that way and if you push all the potential because I mean as hip-hop fans once again there's more people that have money that could pull together but if you are now looked at as a enemy combatant of that team no one wants that nobody wants it and it's just back away yeah as a hip-hop fan it just kind of feels like that's his any that's Jay's like I you can't say that no no I'm saying as a hip-hop fan as a yes all three of them together make the company but as a body of work the writing of the material on that obviously there's skits in there but it all feels like that's his no no you can't say that that's not if Michael Ruben go buy this album for 100 grand and give it to be mad the body of work that was that goes back to theart to the um Art of War chill chill I a say Robert that goes back to Chris vgti and Ashanti right ownership Mickey fax told us this ownership is rewarded from what risk right so put the risk up right he put the money up he front lined he had he didn't write the songs so she like well I wrote the music I deserve no that's not how it works but that that that situation is is different in the sense that that's CEO artist this is CEO CEO CEO that's what I'm saying so it's like if you if you know a different Dynamic if you don't have 100% ownership in it then you know what I mean like you got to figure out how to do that but ultimately get it get anywh I'm from a hip-hop fan not from a from a business standpoint what you're saying absolutely I'm just saying as a fan of hipop it's his it's his album that's what I'm saying but I'm just it's a lot of people that have albums that don't own their music yeah I'm not arguing that that's from the business side I'm just saying from a hip-hop fan that's why I let with as a hip-hop fan just feels like that's Jay but a lot of fans felt like Ashanti should have her Masters I didn't agree with that no you shouldn't have your Masters no why why should you have your Masters I didn't paying for them exactly yeah IE I didn't agree with that Taylor Swift the same thing Taylor Swift the same thing like Taylor Swift pull off the biggest I don't know if y'all seen that documentary tayor she was powerful enough to do it Taylor Swift the same thing but you know ultimately it's it's an interesting case study it's unfortunate because it speaks to a level of um you know business dysfunction and these are people that you know a lot of people look up to or you know had high high high reverence in regard for their their company that they built so to see it take this this fall is tragic but um you know it's definitely a learning lesson but yeah I think that that's obvious that they probably did that on purpose to lower the valuation so that they can come in and buy it for cheap yeah that would make sense to me man that gonna be on every soundtrack and 2K and Madden soon as heal Get It N I think he I don't even think he's gonna I think he just keeps that he doesn't even licens it nothing nobody can sample I think he I think he puts that away like he's always going to buy that for 300 minutes something going oh smart yo he talks about it in in a way that I feel like he wouldn't even tample with it yeah right like that his whole career is just I just want that back I just want that back to have it finally come back I I just think he is that becomes the girl that's his that's his girl people sample it now it's gonna get sample everybody work get sample they get samp it's people play sample it now um but he doesn't own it now he owns it he owns one third of it well he can't make the 100% decision on it he can't make 100 decision when Dan because um big still owns his one third well we'll see no bigs bigs still that's big yeah bigs already has his that's not that's not up for debate unless he buys him out but but but it's a great conversation to have around not having dysfunction and is dysfunction worth it in the long run it's better to have good partnership good relationship if we own this water bottle together and you really love it why should I hold it for you cuz now just in litigation I can only imagine what Damon pay and I wish Dam and Steve Stout and ho would like get their Kon by Alum I really do because I hate seeing like black successful men fight like this but is it worth it to hold on to that one asset to then go through this but this is how business is done like yeah t if you can't get it back fairly okay well let me demon and weaponize my platform and power to destroy what this asset is worth to then buy it for little or nothing that's a fact that's a fact happens all the well Jimmy aine did it with 50 and 50 was one of the biggest selling artists at in scope ever over them headphones speaking of 50 get your tickets to invest Fest ladies and gentlemen this is it last call we will see you guys Thursday for registration download the vest Fest app please uh virtual tickets are available but um coming with the the right mind frame is going to be a lot of Education a lot of people there um look to network have your your elevator pitch ready have your digital business card ready yeah um you know be ready to help people act how you can help people um get the right FR in mind y'all like it's like that undercover booss you ever watch that show like you never know talking to you just never know that's hypers speed you have no clue you just never know for sure right you see us obviously you'll know what but D I'm telling you get your ticket yeah there some people that's gonna be in the building that are powerful that you have no clue and please please please we spoke about this last week and it's happened already again this sweaty Palm thing can we fist bump man m b I need some uh driving gloves please I might have to add that to it man and if if y'all see me wearing a glove don't don't no no ain't no Mike this is safety precautions man please I have to know we did it again monkey pox Co fling back up you Outro got sweaty Palms n bro exactly monkey pox is back got a lineup man it's gonna be a good one man so all right see you guys tomorrow happy birthday happy birthday Joey crack Fat Joe happy birthday Joey birthday to my brother tomorrow I love you de appreciate you yeah happy birthday man Joe this weekend happy birthday man e tomorrow blackout on Wednesday ladies and gentlemen you're gonna address Pand Ed you gonna address something panda panda panda I can't believe you said that you could have dated people better I'm all you need all you need is me well a what K you say a and I still with you you should be happy what that should be the drop just never again I'm just joking I'm G be in love mode this week oh man I'm so happy I'm so happy for yall I see you no no that's my guy checks need to be cut what was question with your inquisitive self yeah all right y we out peace peace