Transcript was automatically generated.

Frank Curzio 00:04

What’s going on there? It’s Wednesday, February 25th. I’m Frank Curzio, host of the Wall Street Unplugged podcast where I break down the headlines and, uh, tell you what’s really moving these markets. Daniel Creech, how’s it going, man?

Daniel Creech 00:20

Hello, Frank. Happy Wednesday, sir.

Frank Curzio 00:22

Happy Wednesday.

Daniel Creech 00:22

Not much going on. Did you do anything or watch anything over the weekend?

Frank Curzio 00:25

Yeah, watched a lot of stuff over the weekend. Before we get to all that nonsense, I’m gonna start off with something really, really important. One of the most important things that we can mention is Dale Kreach is now 40 years old.

Daniel Creech 00:40

Oh, look at you. Yes, sir.

Frank Curzio 00:42

Happy birthday.

Daniel Creech 00:43

Oh, thank you.

Frank Curzio 00:43

40, big deal. And got a couple presents for you, man.

Daniel Creech 00:47

Oh gosh.

Frank Curzio 00:48

Couple presents for you.

Daniel Creech 00:49

Oh boy, here we go.

Frank Curzio 00:50

Ready to go? Joe, you wanna give him the first one?

Daniel Creech 00:55

Uh, look at this. Oh, man, after my own heart. Thank you. Holy hell. Patron, is it illegal to advertise tobacco, Frank, on, on, uh, on our channel?

Frank Curzio 01:06

We’ll see. ‘Cause now we’re gonna advertise it.

Daniel Creech 01:07

Patron for everybody just listening. That’s amazing. Thank you. Yes, I have been looking forward to 40. I know this sounds weird. More than most look forward to 21, Frank. That’s how goofy I am.

Frank Curzio 01:16

So happy birthday.

Daniel Creech 01:17

Yeah, I made it. Thank you, sir. Thank you very much.

Frank Curzio 01:19

One more present for you. One more present for you.

Daniel Creech 01:20

Look at this guy.

Frank Curzio 01:22

There you go.

Daniel Creech 01:23

Holy cow. Are we still recording? This is a joke. Johnny Walker blue label. What am I famous? I gotta be redright now.

Frank Curzio 01:31

One of that 10,000 babies.

Daniel Creech 01:32

Holy cow.

Frank Curzio 01:33

If you wanna open that upright now, we will have a shot.

Daniel Creech 01:36

Allright. Yeah. Can you? Will you, will you do that? Yeah.

Frank Curzio 01:40

So, uh.

Daniel Creech 01:41

You got a cup over there?

Frank Curzio 01:42

Yes, I do.

Daniel Creech 01:43

Oh, happy birthday. We’re gonna get you lit and make you look like a fool by yourself.

Frank Curzio 01:48

Yes. Happy birthday, man.

Daniel Creech 01:49

Hey, thank you, sir. Big deal. It is. Yes. Thank you very much. Man, I’m looking forward to that. That’s awesome.

Frank Curzio 01:54

Yeah. No, it’s really cool. It’s really cool. So, um.

Daniel Creech 01:56

Yeah. Thank you very much, man.

Frank Curzio 01:57

I know Joe’s opening upright now and Joe controls all the media and audio, so he might have the picture on something else without us. I don’t know what’s going on, but give us a second here ’cause obviously this wasn’t planned. So.

Daniel Creech 02:08

Yeah. We’ll spur of the moment thing and take a quick shot. There it is. Joe, don’t go too crazy because.

Frank Curzio 02:16

Yeah, it’s good to say nothing like, uh, Johnny Walker at whatever in the time. Thank you. Thank you. There we go.

Daniel Creech 02:22

Oh, we got Curzio research cups. I’m telling you, we are a brand, Frank. Look at this. I love these cups.

Frank Curzio 02:27

That’s nice. Oof.

Daniel Creech 02:28

I’m gonna steal one of these.

Frank Curzio 02:30

Man, it smells good, actually. Holy cow.

Daniel Creech 02:32

You know, I don’t think I’ve ever had this, to be honest with you. I can’t remember if I have, you know, tagging along with somebody, but so I appreciate that.

Frank Curzio 02:39

Allright. Well, here it is.

Daniel Creech 02:40

Allright.

Frank Curzio 02:40

Cheers. Happy birthday. Did they shot?

Daniel Creech 02:42

Cheers. Thank you.

Frank Curzio 02:43

I wouldn’t be paying attention to the numbers after this that we cite, but this should be pretty good.

Daniel Creech 02:47

Allright. Thank you. Ooh.

Frank Curzio 02:54

Wow.

Daniel Creech 02:55

Allright. When’s the last time you did that, Frank?

Frank Curzio 02:57

The last time I did that was a long time. I did.

Daniel Creech 03:00

It is smooth.

Frank Curzio 03:01

I do do some shots. Ooh. Recently.

Daniel Creech 03:04

Thank you very much.

Frank Curzio 03:04

And I did a lot of shots as I catch my breath. Holy cow. Woo. Actually, it’s awesome. So congratulations to the US hockey team. I have to give credit to my friend Scott, who I golf with, and he said, “Hey guys.” And he said three days, but like, you know,right when they, uh, one of the semis, basically, he’s like,

Frank Curzio 03:22

“Oh, we’re gonna go to this bar at eight in the morning. This bar opens up. This Irish bar.” I’m like, “Eight in the morning.” So I just happened to wake up early that day, like 6:30, and it’s like seven, 7:15 or around. And that bar happens to be pretty close to my house. And I was like, “You know what? Let me just go.” And I didn’t wanna go like before eight ’cause I’m like, “It’s gonna be freaking nobody there.”

Daniel Creech 03:40

You feel like an alcoholic.

Frank Curzio 03:41

Yeah. I was. So I went there like five after eight and I got there. There’s like 50 cars and the place is packed and everyone’s fired up, going crazy. As soon as I walk in, I’m looking for them. US scores the first goal. I didn’t know they wouldn’t score another goal to the overtime. Uh, what? And everyone’s doing shit. I mean, it was so busy and so packed. It’s an Irish bar that they ran outta Guinness and Jameson.

Daniel Creech 03:58

Ooh.

Frank Curzio 03:59

Yeah. I mean, people were, it was fired up and going crazy. And man, it was really awesome. Congratulations to the US team. Uh, listen, you know, we have a lot of respect for Canada ’cause they’re the best ever, ever, all the time.

Daniel Creech 04:10

Especially at that sport.

Frank Curzio 04:11

Uh, which is amazing. And it was cool that, you know, they celebrated theright way. Hey, it’s a team. It’s this. It wasn’t like, “Oh, Canada, you suck. Canada, doesn’t suck at hockey. Please.” I mean, they, I totally outplayed us. We got lucky. We won that game. They freaking.

Daniel Creech 04:21

And one of the best guys was hurt. I hate to see that, but big fan across me. He’s an excellent player.

Frank Curzio 04:25

But presidential medal of freedom was awarded, uh, to, uh, to the goalie who stopped whatever it was, 40 something shots. And holy cow. Some of those shots were insane. But again, watching that game at the bar was great. I will say this, that Jack Hughes is getting that overtime goal just became huge outside of hockey. Very, very famous outside of hockey.

Frank Curzio 04:44

He’s always a great player. Uh, they have to get his teeth knocked out in the third period by high stick, which happened to be a four-minute penalty,right? ‘Cause he’s bleeding and it was just six minutes to go. And I thought the happiest person in the world was Jack Hughes. And it wasn’t because he scored, he scored that goal, but people, listen, there was six minutes left in a game and that happened and it was a four-minute major,right?

Frank Curzio 05:05

So you have four minutes with, of five on four with the US. So much so that I had my phone up thinking, “Okay, maybe everyone’s gonna go absolutely nuts.” And sure enough, Jack Hughes gets a penalty of a high stick for two minutes, which limited that freaking. And I was like, that was really big. Like that was, that was huge.

Frank Curzio 05:24

I was like, “Oh no.” Then it went into overtime and I had my phone ready. If you guys could see the post after Frank Curzio, that I was like, “This is gonna last three minutes ’cause it’s three on three. No more than three four.” I mean, these guys are fantastic. You’re gonna have a couple shots each way. And I just had, had, you know, the video playing before when they scored, the whole entire bar erupted. And I have that posted on Twitter. Congratulations to the US team.

Frank Curzio 05:43

What a game. What a win. I mean, you know, I felt like going into second period, they were gonna lose because, you know, at like second period, they just got annihilated. And then, you know, going into like the third, I’m like, “Well, Canada’s gotta be down because they’re just kicking their ass. They’re just not scoring.” And then, you know, sure enough, they got the win. What an amazing win.

Daniel Creech 06:00

How awesome is that, uh, both men and women, US took gold, both went into overtime and both were two to one,right?

Frank Curzio 06:06

Yeah.

Daniel Creech 06:07

That’s nuts.

Frank Curzio 06:08

That is, that is great.

Daniel Creech 06:09

Yeah. That’s awesome.

Frank Curzio 06:09

And, and, you know, State of Union, uh, Trump did a great job. Uh, you know, acknowledging that, having some of the guys there was really cool. And, and did you watch the whole thing? Did you, I mean, it was an hour and 40 minutes. I didn’t watch the whole thing.

Daniel Creech 06:19

Yeah. I, uh, I didn’t watch it last night. I listened to it this morning. So I, I, I did listen and watch the whole thing, but it wasn’t, uh, last night. You know me, Frank. I’m an old man. I go to bed by the time, when President Trump warns you that it’s gonna be a long speech. No way.

Frank Curzio 06:31

I mean, yeah, it was a long time.

Daniel Creech 06:33

He set a record. Of course he did.

Frank Curzio 06:34

Listen, it’s, it’s, um,

Frank Curzio 06:38

it’s really tough because, you know, you’re watching this and it’s the same bullshit all the time,right? You’re gonna have whoever’s up there in, in office, whatever party, they’re gonna highlight no matter how bad everything is or good, they’re gonna just highlight the positive and say, “We’re great. We’re great. We’re great.” And the other party’s not gonna clap. They’re not gonna stand. They’re gonna be pissed off. And, and it’s not changing anyone’s mind on anything.

Frank Curzio 06:57

I mean, you know, if you look at Congress and all the shit that’s gone down and how there’s not a lot, a ton of people in jail, it just, I mean, you wanna talk about the hatred for politicsright now on both sides with all the stuff. I mean, lot, you, you can lie under oath and you’re not going to jail. I mean, you know, Adam Schiff lied under oath,right? Russia collusion. You have Hillary Burn freaking records. You know, they just, people will go to jail,right?

Frank Curzio 07:17

I mean, it’s the people that make the laws. It makes sense. Uh, so, um, the one thing that I thought was incredibly powerful, which I think everybody thought, especially if you’re a Republican, uh, but I thought it was powerful even for the Democrats. I think the Democrats really have to, I understand that they’re not gonna win if they separate themselves from the left, but they’re outta controlright now.

Frank Curzio 07:36

I mean, and, and I understand you need them in order to get into, to, you know, especially midterms and stuff like that. But it’s, you know, friends that I know that, that are Democrats do not believe in some of these crazy policies. So much so, the most powerful moment came when Trump said, you know, one good thing about the State of Union is that it gives Americans a chance to clearly see what their representatives believe.

Frank Curzio 07:56

Uh, and so if you agree with this statement, stand up and show your support. And the statement was, if you believe the first duty of the US government is to protect American citizens, not illegal aliens, then stand up and show your support. I mean, it got a roaring cheer, clapping chants of USA,right? Throughout like a whole minute from, from the Republican. Not one Democrat stood up. Maybe, maybe a couple.

Frank Curzio 08:15

I don’t know, but most of ’em didn’t stand up. Uh, and some were even shouting at him as he was talking while, while everyone was, you know, standing chanting USA, USA. But that, I think that’s something that they’re gonna highlight into the midterm elections and say, “Hey, this is what you want.

Frank Curzio 08:26

They want a legal ally.” I mean, you gotta stand, I understand this, you know, Trump derangement syndrome is absolutely real, but you have to show even like the respect, no matter if it’s Biden up there, whoever, that one, a lot of Democrats didn’t show up. But, uh, you, not every single thing a party does is terrible,right?

Frank Curzio 08:47

Not every single thing. And when it comes to this, not saying that American citizens are more important than illegal aliens, you’re not standing up. I mean, to me, that’s something that, that could change in midterm elections, uh, because they’re gonna highlight that. They’re gonna put that up constantly and say, “Is this what you want?” Uh, you know, that, that was, that was big as everyone was, you know, chanting USA, USA. I thought that was the biggest part of it.

Frank Curzio 09:06

Uh, but you know, we’ll get to some other things, but I just wanna get your thoughts on it.

Daniel Creech 09:09

Well, the, um, you know, I, I think you said that very well. It, it is a game of gotcha, you know, in politics and everybody’s looking for their Jack Hughes moment, that iconic photo with no teeth and the American flag on you. Um, that’s amazing. And to your point, coming up to midterms, I totally agree. Everybody’s gonna use something of that speech. And I,

Daniel Creech 09:30

I’ll be honest, it, I thought it was a great political move. I tried to separate that. I thought it was a great political move for Trump to do what you just said and do the standing ovation.

Frank Curzio 09:38

That guy just, whoever wrote that speech deserved a million dollar bonus.

Daniel Creech 09:40

The ending, although it was four hours, you know, longer than the Titanic, the last 30 seconds of that speech was amazing. That, that was a great closing line or closing paragraph or whatever. I don’t know, it, it’s easy to say, “Hey, this looks horrible,” but it just shows you the division that we haveright now.

Daniel Creech 09:59

And I know we’re always divided and you can say it’s extreme or whatever, but the point is, is that that for us, when you have that kind of volatility at the political level, if you don’t think that’s gonna spill into markets, then I just agree to disagree. And that’s why you must pay attention to all this, but not standing for some of the guests, you know,

Daniel Creech 10:18

and I, I wasn’t a fan of President Biden, but I thought some of his guests were very good. Um, at, at the different state of unions, you know, they take a chance to do all kinds of different things. Of course, it’s always in line with their agenda, but you know, when you don’t stand for the military or anybody, anybody that lost loved ones, murdered for anything, I mean, I just think that looks bad.

Daniel Creech 10:37

And unfortunately, it is going to be used as PR, uh, for this midterm election. So yeah, just buckle up. But overall, um, I’m with you. I don’t know that it changes anybody’s minds, but it does give you a lot of great, um, gotcha moments to attack the other side. Unfortunately.

Frank Curzio 10:52

Yeah. Yeah. I just think it’s crazy because when the Democrats won, you know, everyone wants, you know, the midterms are probably gonna go to Democrats. It happens, you know, almost a guarantee,right? You gotta win seats, you know, whoever wins the opposite does great in the midterm elections, the opposite party. To me, when I look at, at the Biden administration and when they won, uh, you had the chance, the left won,right?

Frank Curzio 11:11

They won,right? They had their policies. And what interested me is they were more fucking pissed off winning and still remained angry as could be through that whole term. So, you know, there’s gotta be some kind of satisfaction when you do win and say, “Okay, wow, we could change. We could do this.” They were more angry than they have ever been the left. That’s why I, I don’t consider Democrats the left,

Frank Curzio 11:31

but you know, they, I have to partner with them in order to, in order to win. I get it. But man, they’re out there. They’re, they’re freaking out there. And, and I know that, you know, there’s 90% of Americans that don’t agree with a lot of the shit that’s going on. But you know, it’s crazy how separated everything is and how the media just makes it that way and wants you to be separated and wants us to argue. And I think most people don’t. And, and you know, that’s a sad part of it.

Frank Curzio 11:50

So the politics or whatever, but I will, you know, that, that’s a personal opinion and Dan’s personal opinion. Let’s get to some of the things that they did say that impacts, you know, the investments is, you know, Trump announced agreements with technology companies to produce their own electricity for data centers. Listen, if that’s not a sign of what we’ve been saying for how many, for, for over a year now, uh, that we don’t have the electricity, uh, electricity prices are gonna skyrocket higher.

Frank Curzio 12:11

Uh, that’s a massive buying opportunity for small companies that own their own power, including Bitcoin miners who have gotten annihilated because they’re not profitable anymore. Uh, you can get those ant miners for very, very cheap now. Uh, you know, you could transition into tier three, which, that, those megawatts that you have are gonna be go from $1 million in value to 10 to 15 million. Right? So,

Frank Curzio 12:30

uh, you know, so, you know, Meta, Google impacted, Nvidia, we’ll get to Nvidia in a second. Uh, uh, also he asked Congress to ban large institutional investors from purchasing single-family homes. Blackstone, Carlyle, Blue Owl, not so much with the home builders are gonna be impacted. Blackstone, Carlyle, Blue Owl, you know, we’ve known this, but he’s pushing for it even more.

Frank Curzio 12:51

Uh, he proposed to give, uh, a plan for, uh, more American workers to access 401(k) plans and the government’s gonna match contributions up to a thousand dollars.

Daniel Creech 12:58

Michael Dale got a shout out given $6 billion plus.

Frank Curzio 13:02

$6 billion. Did you see that? That was really cool.

Daniel Creech 13:03

Well, that, I mean, that was announced a couple weeks ago.

Frank Curzio 13:05

And then on top of a thousand dollars, I read that. That’s so cool. He, he’s always been, he’s always been a good guy. I mean, I don’t know the details of it. So a lot of people might study his whole entire world history, every, every second that he’s lived. But every time, you know, every time he’s in the news or every time I hear about him, and I know, you know, very well because I followed Dell when Dell first became a public company, which is, man, freaking over 30, 25 years at least, uh, which is crazy.

Frank Curzio 13:26

But, um, yeah, you know, that, that’s really good stuff. And I love this initiative too for kids. It just, I mean, you have the S&P 500 where, you know, it just set to continue to go higher. You’re gonna have these bumps along the way. But if you pull up a chart since it became the S&P 500 in the fifties and you just look at the long-term chart, it looks like this line just goes straight up, straight up, straight up. I mean, everything promotes stocks to go much, much higher and it’s always gonna be resets. Uh.

Daniel Creech 13:48

Well, not only is it theright thing to do in Daniel Creech’s opinion, but it’s a good way to expand capitalism because if you can get a thousand dollars for the government, I’m not a huge fan of that, but I understand it given the circumstances. Then you have companies contributing to that. You have people like Michael Dell and there’s several others, uh, that have wrote big checks.

Daniel Creech 14:06

You know, you put one to $5,000 in an account and let it compound for 18 years. That is beyond life-changing. And you know, if you don’t think the wealth effect is real, then why in the world do you check your stock market account?

Frank Curzio 14:17

This is a retirement account. So not till they’re 18.

Daniel Creech 14:19

Oh, I thought it was a help to, uh, well, whatever it is.

Frank Curzio 14:22

So think about that. I mean, how long the better on compounding plans. Are you looking at Schwab, T. Rowe? I mean, think about the, think about this going on.

Daniel Creech 14:30

As long as they don’t put it in high-cost ETFs, don’t let Wall Street ruin all this. Put in the cheapest ETF there is.

Frank Curzio 14:35

Yeah. They’re gonna, I mean, they always sell their own product and then they, they match and, and I mean, God, you know what, when I went to the, uh, national security seminar and it was really cool because I sat down with, you know, this is where the colonels graduate and I sat down maybe with like, I mean, it might’ve been six or seven that I was going over their portfolios and, and, and I won’t tell you the company that they have as,

Frank Curzio 14:55

as their advisor. Um, and the overlapping in their portfolios ’cause they wanted their portfolios position. I could help them and then all of a sudden word got around like, wow, you know, this guy could really, you know, and then we had great conversations with them. It was really cool going there. It was an unbelievable experience. One of the, man, one of the best things in my life, but just helping these colonels and, you know, basically rebalance their portfolio and seeing how the company they were using like overlapped their positions by 3x.

Frank Curzio 15:17

So that’s 3x the fees that you get because they’re in their ETFs and you own ’em individually. Then you own this ETF that has, it’s just, you don’t need these ETFs that own that, you know, you, you buy Meta three, four times in, in, in these things. And it’s, it’s not.

Daniel Creech 15:28

Not that we’re saying it, but if you wanna put all your money in Meta, do it. Don’t buy Meta for two or five different indices and pay fees on ’em.

Frank Curzio 15:33

Yeah. They charge it.

Daniel Creech 15:34

Yeah. Buy it.

Frank Curzio 15:35

You know, which is crazy. But, um, a couple more things here. So you look at Schwab, T. Rowe, State Street, these are secular trends. I mean, this is money that’s gonna grow. You know, you’re starting out with, with, you know, whatever it is, tens of billions, but it’s gonna, I mean, imagine what it’s gonna be five years, 10 years, 20. It’s this constant growth, uh, that you can’t touch that money. And, uh, you know, yes, some of these companies are gonna use it to leverage and whatever.

Frank Curzio 15:54

We’ll, we’ll deal with that when the market crashes because of that 10 years from now. Uh, but also wants to end Obamacare subsidies ’cause, you know, to insurers and, and we all know the insurance issue is an absolute disaster. Uh, he wants Congress to codify Trump Rx into law. But again, a lot of the, the, you know, the insurers, UNH, the Cardinal Health, Humanas, you know,

Frank Curzio 16:13

Molina and stuff, uh, also it’s gonna impact like the Merck, CLLE, Pfizers and Bristol-Myers and stuff like that. But, you know, these are policies that, as investors, you wanna look at because a lot of times the state of the union, you know, let’s see what happens. They all say a lot of shit that they’re gonna do and a lot of it doesn’t come to fruition, but let’s see if it does ’cause the midterm elections change. It’s gonna be a lot harder to pass certain things.

Frank Curzio 16:31

And, you know, I don’t know what the prediction markets are saying about Democrats, uh, controlling even the House of the Senate, but it’s gotta be pretty high because, yeah, yeah, it’s just normal.

Daniel Creech 16:40

The, the feel is, uh, Dems take the House, Republicans keep Senate. Yeah. And I think the fun stat is since World War II, I think the average party in power loses the first election after gaining power. I think they lose an average of 20 some seats. Yeah. So, yeah, I mean, the odds are with ’em.

Daniel Creech 16:59

Yeah, absolutely. So we’ll see what happens. But it’s an eternity away, people.

Frank Curzio 17:02

And, and they’re focusing and Trump did it, you know, did a good job to focus on the affordability fact because that’s how the Democrats have won these special elections so far is affordability. Even though I don’t know how that’s possible. When you look at California, the affordability, you look at, at what Mendave’s doing, which, you know, which now he’s gonna raise property taxes,right? And he ran on affordability. And I just love the fact that he,

Frank Curzio 17:21

did you see the snow, the, the plowing? Like he, he’s gonna, you know, you can make like whatever was it, $19, $20, you know, the story,right? $20 an hour or something like that that they could make. Um, and in order to do that, to, to, ’cause there’s a massive snowstorm,right? It’s like two feet of snow. Yeah. So in New York. So in order to do that, you have to show, I believe,

Frank Curzio 17:41

your social security number and your license. And like even another form of, of showing like where you live or whatever,right? So you have to show all this, you don’t have to show shit when you vote though, because that’s racist. But to get it, to actually put a shovel in your hand, you gotta show it. It’s just like, I, I mean, you know, it, it, it’s, it’s pretty crazy when you see this, but the whole for.

Daniel Creech 18:00

I’m even more cynical. I, I did see their little flyer and you take everything with a grain of salt online. Who knows if all that’s real? But if the flyer that I saw that they were passing around was real and it said two forms of identity and all that, at first I thought it was too, I thought it was a smart move because if I put on my cynical hat, I would have people bring something and I would try to register ’em to vote then.

Daniel Creech 18:21

You know what I mean? Like for the next one. So you can take the heat while it looks like you’re being a silly hypocrite. If, now I don’t know that they’re doing that. I’m telling you what I would do. But, um, when I saw that flyer, I was like, you just, you know, it’s the same thing. Um, the, uh, House whip, uh, Scalesi or whatever, he was on, uh, CNBC recently and pointed out that Democrats,

Daniel Creech 18:43

you know, don’t like the voter ID, which the only thing that shocks me here is looking across CNN, MSNBC, well, they changed their name, but everybody, I’m very surprised that people aren’t more upset when you look at the Republicans, Democrats,

Daniel Creech 19:01

and even race and gender breakdown of ID voting support. It is through the roof positive.

Frank Curzio 19:09

Yeah. Oh, yeah. It’s like over like.

Daniel Creech 19:10

Why, why one side isn’t pointing that out a lot more often than they are is beyond me. Uh, but remember, it’s all a cesspool. But anyway, I, I, I thought that was pretty wild there. But yeah, he even made the funny thing about, oh, you don’t, you don’t need ID to vote, but you gotta have one to get in the Dem convention or something. You know, it’s just like, oh my gosh, people.

Frank Curzio 19:27

Allright, Joe, we need another round of shots here. Let’s go. Keep it going, Joe. One more round. Ah, so all the numbers we say pretty much after this moment of doing the shot is, is, you know, just make sure you do your.

Daniel Creech 19:39

I feel like we’re gonna talk about a lot of companies here.

Frank Curzio 19:41

Me, make sure you do.

Daniel Creech 19:42

We’re gonna get into something a little bit ’cause if we miss a, if we, we might say billions, we might say millions instead of billions and, and miss a number here or there. So we shouldn’t be. Oh, look at this. Larry Summers to resign as Harvard professor. It just came out. Oh.

Frank Curzio 19:53

The Epstein files are.

Daniel Creech 19:54

You know what I love about the Epstein files. Well, I guess I shouldn’t say that. I mean, you know what I really, you know what I love about the Epstein file, it is.

Frank Curzio 19:59

So the Biden administration had this,right? And they’re like, we’re not releasing this shit. We shouldn’t release this shit because we know a lot of friends on here, a lot of friends. And, and the, the Republicans like, you gotta release it. You gotta release it,right? And then Trump gets in and Trump sees it and he’s like, oh shit, we can’t release this. We can’t release this. And every, and then the Democrats say, you gotta release it. Now you’re releasing it. And now all these people are like resigned. It’s so great.

Frank Curzio 20:19

Both sides tried to protect their own guys, but Larry Summers resigned as Harvard professor. Uh, oh man, the, the craziness continues. The craziness continues. Careful what you wish for if you’re a politician and stuff like that. So, but hey, you wanna release it, release it. And I think they should release every single thing with these mother, I won’t say it, but, um, yeah, I,

Frank Curzio 20:37

I mean, this, this is, this is, I don’t know, whatever side.

Daniel Creech 20:41

Hey, never challenge worse. And like I said, anybody on either party or whoever, if you did anything wrong to especially young kids, then that’s horrible and you oughta be, you oughta pay the piper.

Frank Curzio 20:49

Yeah. That’s why the public really wants this release. And they, it’s been so funny how both parties tried to, tried to protect it as much as they can.

Daniel Creech 20:55

Do you see the Norway guy, the guy from Norway?

Frank Curzio 20:57

No.

Daniel Creech 20:58

So some big wig in Norway actually gave President Obama, the President Obama, the, uh, Nobel Peace Prize. He failed. Think of how bad your life gets, Frank. You’re in these Epstein files. You resign or whatever, you get arrested. He also failed at suicide. That guy’s having a bad day.

Frank Curzio 21:13

Suicide.

Daniel Creech 21:14

Hey, we’re gonna go dark here. You gotta be careful.

Frank Curzio 21:16

He failed at suicide because he didn’t really, he, he, yeah, it was something he probably tried to overdose on pills.

Daniel Creech 21:21

You gotta commit, Frank.

Frank Curzio 21:22

Yeah. If you’re gonna commit, commit. If you’re gonna do it, do it. I mean, you know, nah, I won’t say that.

Daniel Creech 21:26

Yeah.

Frank Curzio 21:26

Look at how so many struggles.

Daniel Creech 21:27

Oh my goodness. This isn’t Thursday’s paid podcast. We gotta be careful.

Frank Curzio 21:31

Yeah. We do gotta be careful.

Daniel Creech 21:31

We’re gonna piss off Tim Cook.

Frank Curzio 21:32

Yeah. No, I mean, seriously, it’s a, it’s something serious, but yeah, how do you, yeah, anyway, um, and get off easy. That’s what I fucking hate. Like guys like that are gonna try to, trying to get off easy.

Daniel Creech 21:41

Well, I think he’s being arrested. So that’s good.

Frank Curzio 21:43

Yeah. So let’s get to Nvidia. Big news. They’re going to report after the close along with Salesforce and Snowflake. By the way, Workday was another software company that got hit, got hit. Yes. It’s down 50% over the past 12 months, down 30% in the past 30 days if you look at, at Workday. But, um, you know, so you have Snowflake and Salesforce, also software companies that are gonna report that all say,

Frank Curzio 22:04

I had no idea. AI, well, I don’t get it. AI’s not really doing, I don’t get it why our stock’s getting hit so hard. Well, you should get it,right? You’re seeing industries. Look what happened to IBM this week. Look at what’s happening as these things get released and how many industries are going one by one. And this is Anthropic. This is Claude. This is, you know, when it comes to coding and all this stuff, I mean, holy shit, they’re really like one by one over the past pretty much three weeks,

Frank Curzio 22:25

they’ve been nailing industry by industry with this stuff. Uh, and that’s just one form,right? Then you’re gonna have the ChatGPT new release come out constantly. These other, but I think, was it Claude that caught DeepSeek and put in like fake stuff into DeepSeek and, and, uh, fake stuff to, to see and DeepSeek because they came out, remember they crashed the market?

Daniel Creech 22:43

Right. Yep.

Frank Curzio 22:43

And they stole everything. And then we’re like, holy shit, China, this is great. Let’s see it. Nope, you can’t see shit. We can’t see it,right? So you knew. And then basically DeepSeek only exists because it copies everybody else out there. So they’re like, oh, you have this new model. It can’t get better unless everybody else gets better,right? So they’re like, this new cheaper model. I have to probably remember Nvidia got annihilated. Everybody got annihilated in 2025. Uh, so,

Frank Curzio 23:02

but it caught DeepSeek actually stealing information and stealing data from, from these, from, which I thought was amazing. But anyway, getting to Nvidia, you know what the analysts expect Nvidia to generate this quarter? This quarter, this quarter, 66 billion in revenue, which if they meet that,

Frank Curzio 23:20

it’s gonna be 68% sales growth and a dollar 53 in earnings would be 70% year over year growth in earnings. Uh, to start the month, the stock was down 3%. Uh, and, and, you know, compared to the S&P 500, um, which is flat. So you look at the,

Frank Curzio 23:39

at, at, at a name that, I’m sorry, it’s down 3% over the past six months. So six months it hasn’t done anything with all this growth. It hasn’t done anything. But if you’re looking like to, to the start of this month, the stock’s up 3% while the S&P 500 is flat.

Frank Curzio 23:51

So people are seeing it and a lot has to do with what is because the past two weeks when we saw, you know, pretty much two weeks ago, the Hyperscales reported earnings and they all raised their capex for AI significantly,right? From, you know, top six from 400 billion to 700 billion they’re expected to spend next year, uh, which is incredible. Uh,

Frank Curzio 24:10

I mean, just, I put that in perspective all the time saying the cancer market when it comes to, to, to treatment of cancers is, is about 250 billion. If you look at, you know, some companies they told address on market, it could be a little bit bigger, a little bit lower, but that’s on average. And then you have these guys spending $400 billion. It’s pretty insane. Uh, I think we’re gonna see 75 billion in sales this quarter.

Frank Curzio 24:29

Uh, I think they’re gonna guide well over 8 billion, 80 billion for next quarter. Even with that beaten raise, I mean, you’re looking at the stock and where it’s going now, you’ve seen a nice pull up,right? It’s going higher now,right? And look at that. You can see that chart. Good job, Joe. Just look at it since July, kind of like, you know, almost flattish. And now you’re seeing this little break above and, you know, 212 is the all-time high.

Frank Curzio 24:50

Go down lower, Joe, because these guys are probably gonna beat and I, I can’t see the stock going much higher at a $4.7 trillion valuation. I mean, you’re not worried about the growth over the next year and a half. What you’re worried about is past 18 months. If this is gonna continue, if you see a crack and if you see a crack, they’re gonna get nailed. It just shows that the Nvidia dominance, AMD is secondary.

Frank Curzio 25:09

They’re a great play ’cause they have a much lower market cap, but you know, $4.7 trillion market cap. That’s unbelievable. Uh, the number’s gonna be very, very strong. Uh, I, I, I don’t know what pushes this stock higher with those expectations so high. We know, and you’re seeing the stock move higher,right? Look, look at the chart recently. So look at the last month,

Frank Curzio 25:28

Joe, and even the, the past couple weeks. So you look at Nvidiaright there. So if you’re looking at the past, you know, that, the 13thright there is, what is it? The 180s, even the 170s. But yeah, you’re seeing like once these Hyperscales report, uh, you know, the, the stock really started going higher because all this capex is gonna lead to more Nvidia chips,right? That’s simple.

Frank Curzio 25:48

Yeah. So it is interesting. Gonna be market moving tomorrow. Expect the good numbers. I wouldn’t be surprised if they they’re definitely going to beat. They’re definitely going to raise. I mean, they’re forecasting for 66 billion. The whisper number, what I hear is more like 73, 74 billion. Uh, you know, and let’s see if they reach that. And I’m expected 80 billion next quarter just from the cap raise,

Frank Curzio 26:08

an amount of money, especially deals with managed assignment with them is, is really incredible. So, uh, we’ll be interesting to see. So pay attention. Nvidia, it’s gonna be market moving. And my prediction is that they beat, they raise, and the stock is gonna get hit a little bit. I just don’t know how it’s gonna go a lot higher. Maybe it goes a lot higher from here, but man, everyone’s expecting really good things because we got the playbook from the Hyperscalers.

Frank Curzio 26:30

So it looks like it’s factored in with the stock going up. So let’s see.

Daniel Creech 26:33

Yeah. I, I agree. And looking at that chart, and I’m not the best technical analysis. I’m, I’m continuing to learn and I appreciate all the feedback and emails I’m getting. But I will say, Frank, if this thing, so like you said, uh, AMD, Meta, recent deal on the announcements and chips and more chips and capex and stuff, I, I don’t see how Nvidia lays an egg here.

Daniel Creech 26:52

I mean, if you’re not expecting a beaten raise and like you just said, Frank, but I’ll take the other side. I think it actually will break out and move higher because I think, and this is Daniel Creech here, but the market sentimentright now, and I’ve talked to a handful of people who have bought Nvidia over the last, say, four or five months, king of AI and all this kind of stuff, and it’s gone nowhere. You’d think it’s down 40%.

Daniel Creech 27:12

And I think that you can correlate that with the market to a certain extent. And I’m going out on a little, little bit of a limb here. However, I do think depending on Jensen’s comments and Frank, this is a tell I wanted to ask you about. ’cause do you know who’s going on CNBC tomorrow at eight o’clock?

Frank Curzio 27:27

Who?

Daniel Creech 27:27

Jensen.

Frank Curzio 27:28

Yeah.

Daniel Creech 27:28

And as you like to say, you very well are gonna go on CNBC either the day of or the next day because you just bombed the quarter and you’re gonna announce bad news.

Frank Curzio 27:37

If you’re a CEO and you love those numbers and they’re shitty, there’s no way you’re saying, hey, CNBC, we’re gonna be on tomorrow. No way.

Daniel Creech 27:43

But tell me if you think I’m crazy because the market is so nervous about software as a service companies and AI and everything. If Jensen, who is like Musk on conference calls and he’s an excellent showman, uh, and salesman, if he can calm nerves and get the market back into, just saying, hey, you know what? Maybe AI will assist, not replace everybody. Maybe we can get rid of this doomsday scenario for a moment.

Daniel Creech 28:04

I, I think that will unleash, you know, I think we’re in for a choppy market. So if the market rallies six, 7%, it wouldn’t shock me to see it fall down over the next few months. But I, I do, I think, uh, I think he could get the excitement back in the market. How crazy do you think that is?

Frank Curzio 28:17

No, um, he could. He, he’s so great. I’ve seen him speak so many times. It’s a consumer electronics show, uh, not this year, last year when I went. Uh, he’s incredible. Just the demand that they’re seeing, there’s no sign of a slowing down. We said that. I was like, an AI bubble. And this is gonna be companies that get hit ’cause, you know, they just, you know, some of these names have gotten outta control. But you don’t see a,

Frank Curzio 28:37

the, the bubble hits a top and you see it pop like a year later when you finally see that supply exceeding demand and you’re not seeing that. I mean, there’s data centers that I know of that I’m here from, from, you know, at least one from, from my contacts, uh, they’re not, they can’t accept anymore that they’re at full capacity. Uh, and they haven’t done that in 120 years. So,

Frank Curzio 28:56

you know, the amount of money, I mean, again, we got the confirmation from Hyperscalers that of how much they’re raising. And that’s 700 billion is supposed to go to 900 billion the following year. So, you know, and, and you’re asking why,right? You’re asking why is this happening? How come, you know, they keep spending more? Is because what just happened with, with Claude, they just disrupted seven different industries that we saw markets crash across the board.

Frank Curzio 29:16

You need software, all this stuff,right? Uh, you know, Gemini comes out and then they disrupt so many of these markets. And they’re coming out like every month, it feels like, like the new ChatGPT, the new Gemini 3.5, the new, you know, Claude, which is mostly coding and disrupting all, all, you know, most software companies. Uh, you wonder why? Because they’re capturing more and more market share, the total addressable market.

Frank Curzio 29:37

And when you’re capturing more of that, uh, it means that you have to continue to spend. So you have this, you know, a, amazing trend where the scalability is infinite. You can’t see it yet. You don’t know how big this is. It could be 10 times bigger than this.

Frank Curzio 29:52

I mean, when you talk to Elon Musk that with data centers in space, and we’re gonna be going to space and we’re gonna have three robots in every fricking house and all this shit. Well, how do you think that’s gonna happen? It’s all AI related,right? So, you know, you wonder why these companies are spending and the smartest people in the world, they’ve been through these boom and bust markets and they’re spending and spending and spending. They know it. They see it. They know if they have theright model. Look what, what Google did.

Frank Curzio 30:11

They, they increased their market cap by a trillion dollars with Gemini 3.5,right? So, you know, interesting play here. Uh, does Amazon still have that big share in, in, in Anthropic?

Daniel Creech 30:22

I believe they’re on the private side. Yeah.

Frank Curzio 30:23

Yeah. On the private.

Daniel Creech 30:24

Yeah. I, I don’t think they’ve ever gotten out, but I, yeah.

Frank Curzio 30:26

Yeah. And, and they just raised it up more capital and, and a crazy, whatever, a hundred billion bat, whatever it was. But, um, I think Amazon’s next. I think Amazon’s gonna come out and just, you know, Amazon’s really gonna benefit tremendously. I think Amazon’s really gonna take off here. I really do. It’s just been under pressure. I think someone had a, had go into five year chart, uh, Joe, really quick with Amazon and, um, go into the S&P 500.

Frank Curzio 30:51

So what’s the percentage here? The S&P 500 against it? Did it come up the comparison? I mean, you look at the last five years of a company that hasn’t really done, that’s weird that it’s came up like that. But yeah, it, it, you’re looking at a company that really hasn’t done that much over the past, like at least three years,right? So, so when,

Frank Curzio 31:10

when you look at this, so to me, I think Amazon’s really positioned here to, to do well just because AI’s about the data. They have more data than almost anyone on the planet. Whatever I’m buying stuff from them for the last 15 years and, and their spending habits and everything is just incredible. So I think Amazon’s a screaming buy here. Uh, before we get to more stocks, I wanna say this because I’m getting lots of questions. We’re getting a lot of new people, which I love.

Frank Curzio 31:29

I love that people are coming into our one membership, Kersey One membership, and you’re coming in because we just had two excellent deals, really three. We had Savvy, which is, uh, which was our last deal, which is Eric Goldwire. And I’ve had him on the podcast and he was at my conference and, uh, you know, a guy had a eight figure exit and a nine figure exit. Now he’s starting this, uh, a new company called Savvy. And you can go on Savvy and book.

Frank Curzio 31:49

It’s a, you know, uh, competitor to Airbnb, uh, and Vrbo. Before that was Sugafina and that was, uh, last year and they’re gonna go public pretty much in six months. And now we’re looking at another deal that we got, which is Kafri. And we’re closing this out in a week or so. We launched it a week ago. We already raised 1.7 million. I think we have a 2.2 million allocation,

Frank Curzio 32:10

which we might be able to go a little bit higher. Uh, management already came in for half of that. They raised five. They came in two and a half, which is what you wanna see. So I’m not surprised by the strong demand because the terms of this deal are excellent. You have management coming at the same price, you know, taking out half of this off rings and they’re telling you, hey, you know, we think our stocks are cheap here. And what this company’s able to do is, you know,

Frank Curzio 32:28

pretty soon, I don’t know if they’re gonna be able to do this, if they execute, but unbelievable technology where they’re using enzymes to take the, the caffeine outta coffee, which is a massive, huge, crazy process. If you listen to the podcast, it’s like 25 steps. You gotta take the bean ship from here, a whole entire process, put this whole thing, package ’em, put ’em in a truck.

Frank Curzio 32:47

It just, I couldn’t believe like that. It’s so old school. Uh, I felt like, you know, someone had the iPhone two, uh, when I look at this, which Daniel, what do you have? The four now?

Daniel Creech 32:56

The eight. Thank you.

Frank Curzio 32:57

Oh, do you have the eight? Wow. That’s awesome for you. What are we on? This is the iPhone. Gotta forget. But anyway, we won’t go there.

Daniel Creech 33:04

You know, it’s funny. Quickly. Or go ahead. Keep going.

Frank Curzio 33:06

No, no. With, with Kafri is, is, is listen, we had an exclusive interview with, with Kafri CEO Eric Quick. It was really, really good. And you know, he thrown everything together. They have great scientists there. Uh, George Church from, from Christopher Technology at Harvard. He hopefully doesn’t know, uh, Larry Summers. Uh, David Baker, Nobel, Nobel Prize for protein design. I, I, I mean, you know,

Frank Curzio 33:24

they’re targeting that this, you know, it’s not just $55 billion market with the caffeine market for coffee, but anything caffeine related where you’re just gonna be able to put something in it and get rid of the caffeine 100%. ’cause the current processes eliminate 90 to 95%. So, you know, it’s really incredible when I look at this company, we still have, um, open slots.

Frank Curzio 33:43

So if you’re interested in joining one, becoming a one member, email me at frankkersresearch.com. If you need to come in the next, I would say four or five days or so, maybe to the next Wednesday’s podcast, uh, you know, I can hold a spot for you. It’s a $25,000 minimum. The one membership is for credit investors only. We built this up because we, we talk about these things and we’re offering a service that I feel like is not available through a lot of companies.

Frank Curzio 34:04

It’s private companies that I’m doing the research on. Uh, I’m investing my own money. Uh, you know, a lot of guys wanna offer private investments and stuff like that. And the reason why they wanna offer is just because they have, you know, these companies that are private and balance sheets with no liquidity and they just wanna sell to retail investors and annihilate them. These are really, really good companies that we’re getting into. And you need one of these exits and you’re set.

Frank Curzio 34:23

And, and I really like Kafri and, and I know my investors like it too. Based on 1.7 million, that’s pretty quick in a week. Uh, but if you’re interested, one members, if you’re still thinking about it, I’ve got a lot of questions. I talk to all my members. You get my personal phone number, uh, on these deals and I talk to several of ’em where they’re, hey, can you talk to me about the structure a little bit more? And I get back to ’em within 24 hours and talk to ’em.

Frank Curzio 34:42

And yeah, there’s no pressure to get into these deals. You get into the one membership and then you could choose what deals you get into. That’s it. I’ll let you know what I’m doing. And if you’re in, you’re in, you’re out, you’re out. I’m not like, oh, you gotta come in. This deal is no sales pitch. It’s just like, hey, if you want this, you want this. And, you know, and then you get invited to our conference and we’re gonna have, you know, Ari, who’s the, uh, founder and his father-in-law,

Frank Curzio 35:02

um, it’s like father-in-law has a fortune from SlimFast. It sold a business for $2.5 billion. So, you know, they have tons of capital. He’s gonna be speaking at my event and he said he’s gonna have this taste testing at my event. So everyone could taste thisright there. That’s the biggest thing. It’s just not the technology that works, that, that when they do the taste tests with Pete’s Coffee, Starbucks, exec all these people, they all choose his and say they can’t believe it.

Frank Curzio 35:22

Like there’s no, uh, you know, there’s no sacrifice with taste. So hopefully they could turn this into commercial product, but everything isright there. That’s why they’re raising money to really grow this thing to the next level is exciting. But if you’re interested in coming into one, email me at frankkersresearch.com. With that said, let’s talk about a couple more stocks. Let’s go to Whirlpool.

Daniel Creech 35:41

Ooh. I was gonna ask you about this. I got a, I got a big grin on my face. If you’re in this stock, I’m, I’m sorry for you. I’m not laughing at your pain. But Mr. Frank said, hey, you created or you, you, uh, acted, you did a big sin when you come out and raise guidance and then drop the ball. And not only that, but your boy sent a letter.

Frank Curzio 36:01

David Chapman.

Daniel Creech 36:02

Stern letter. Did you read the letter?

Frank Curzio 36:03

I didn’t read the letter, but.

Daniel Creech 36:04

You know what’s impressive? I’m sorry. You know what’s impressive about it?

Frank Curzio 36:07

What?

Daniel Creech 36:07

How long do you think this letter is?

Frank Curzio 36:09

I don’t know. I, I, I.

Daniel Creech 36:10

It’s like a paragraph. It’s basically like, hey, management, you’ve pissed me off and that was a fucking mistake and I’m coming after you now.

Frank Curzio 36:16

Yeah. ’cause he’s not so much an activist.

Daniel Creech 36:18

That’s basically what he said.

Frank Curzio 36:18

Do that. I like to say invest in ’em. But before we get to this, do one more.

Daniel Creech 36:22

Allright. Cheers. There you go.

Frank Curzio 36:24

Cheers, guys.

Daniel Creech 36:25

Cheers.

Frank Curzio 36:25

Have a great day. Seriously. Have a great day.

Daniel Creech 36:27

Thank you.

Frank Curzio 36:27

From, definitely from this point on, don’t pay attention to the numbers.

Daniel Creech 36:33

Ah, Joe’s a man of many traits, including a heavy-handed bartender. Appreciate that, sir.

Frank Curzio 36:36

And the Kersey mugs are really cool. We had ’em for the conference. Everybody got them.

Daniel Creech 36:39

Yeah. I do like that.

Frank Curzio 36:41

The branding. I love it. Right. Branding, everything. Branding everywhere.

Daniel Creech 36:44

But anyway, that letter, very short.

Frank Curzio 36:46

Wait, which company we talk about? No, I’m kidding.

Daniel Creech 36:49

Tepper.

Frank Curzio 36:50

What’s my name again?

Daniel Creech 36:50

Tepper just saying, hey, this is inexcusable. And, uh, the board oughta remember, I forget exactly how he said it, but he essentially said the board should remember basically what their job is.

Frank Curzio 37:01

He said over the years, this management team has destroyed hundreds of millions of dollars of shareholder value. Enough is enough. There could be no more excuses. Here’s the deal. This doesn’t happen often to David Tepper. And he built up a $300 million position in Whirlpool by 5.3 million shares in November. And the cost base is around $91. The stock is what today? It’s 71. Uh, you don’t see this often.

Frank Curzio 37:19

Uh, it was their third largest holding. It’s their eighth now. I think he maybe ’cause the stock is down,right? Not, not ’cause I don’t know if he, you know, lowered his position at all. Maybe now he did. We’ll see in the next 13F. Uh, when I saw this in November, we covered this, Dan, ’cause David Tepper is my favorite. I think David Tepper is the best investor in the world. I really do. I believe that. I love him just the way he analyzes markets,

Frank Curzio 37:39

the way he sees things. And I, I love it because some of the things I see, I’m like, there’s no way China. You’re outta your mind. And I love that. I don’t say like, oh my God, like he got itright. I love that. Not that I love being wrong, but you’re learning when you’re wrong. And that’s what you wanna do. You wanna continue to learn ’cause we’re all gonna make mistakes here. Uh, it surprises shit outta me that he bought Whirlpool because if we were talking about the hot housing market,

Frank Curzio 37:59

everyone that I talked to within this market, and we get a lot of data on the housing market, it, it, it’s, it’s really, really fricking bad out there. It’s really bad out there, the housing market. I mean, it’s, it’s, yeah, it’s a buyer, pure buyer’s marketright now, unless you’re really high end over a million dollars. But it, it’s very, very difficult. You know, even I just got a letter. My, my insurance, uh, house insurance is gonna get raised again.

Frank Curzio 38:19

Uh, you know, you’re looking at energy prices going higher. Just, just, I mean, the cost associated with this, along with interest rates, you just, it’s, it’s insane. It’s insane. And most people are locked in below 3.5% and they don’t wanna go for a 6% rate,right? ’cause that means you gotta, you gotta trade down your house. Even if you’ve done well, you gotta trade down on your house ’cause it’s gonna cost, that mortgage is gonna be, you know, 60, 70% higher.

Frank Curzio 38:38

Uh, so it surprised me. And I’m like, what? And, you know, for me, following Tepper for, for 15, 20 years, he, a lot of times when he has these things, he surprises me. And I’m like, wow. I mean, maybe there’s this thing going on with housing that I don’t realize ’cause that’s a direct play on housing.

Daniel Creech 38:50

Mm-hmm.

Frank Curzio 38:51

Uh,

Frank Curzio 38:51

and when he bought that position, uh, I was like, what? Is this a bottom housing? And I started looking at it. I was like, what? That’s how much respect I have for Tepper. You know, not, not a lot of people. I, I would say maybe one or two people, three people. That’s it. But I was just surprised. So yesterday, Whirlpool fell 14%, now trading at 71. But they announced a $500 million secondary offering,

Frank Curzio 39:12

which resulted in this massive, massive dilution for shareholders. And he’s like, what the F? I’m one of the largest shareholders in your freaking company. So that’s why he went on the offense. You don’t see him doing this a lot where, where, you know, he’s this activist investor, like calling out management. He’s not like Elliot. He’s not like a lot of these other guys do that. Uh, but two reasons why I’m bringing this up. I said Tepper’s the greatest investor in the world, in my opinion.

Frank Curzio 39:33

And he got this really wrong. Meaning even the best of the best when it comes to investing are gonna get it wrong sometimes. And you want examples? Ackman, Valiant Pharmaceuticals, buying at 180, lost $3 billion on that position. And it fell to $10 a share from $1.80 because it was a fraudulent company. He bought Borders. He bought Target,right?

Frank Curzio 39:53

Has numerous winners. And I think Ackman, you know, whatever you think of his personality or whatever, sometimes he can come off the wrong way. Just looking at numbers and so, I love analyzing people. I love analyzing their methodologies. And it’s incredible. Uh, what was the real estate thing that he did with, uh, the real estate one that almost went outta the business? He had a thousand percent returns on, unbelievably put the bonds and, and, and equity and, and warrants and stuff.

Daniel Creech 40:14

Oh yeah. Um, I know what you’re talking about.

Frank Curzio 40:16

Unbelievable. But you look at Buffett. I mean, put up Kraft Heinz. Joe, you have Kraft Heinz there?

Daniel Creech 40:21

Oh, the old company that’s gonna break up, stay together, break up.

Frank Curzio 40:24

I mean, yeah, you know, and, and, and annihilation,right? So put up a, uh, yeah, he’s had this for a while. Put up a year chart. Look at that. Look at, put up a five year chart. Holy shit. Eesh. Right. And, and you know, got a wrong, got Paramount wrong. He sold out of Paramount a while ago. We’re gonna talk about Paramount in a minute. He got wrecked on the airlines. He bought ’em in 2016.

Frank Curzio 40:43

He sold ’em at 2020. 2020 was the credit crisis.

Daniel Creech 40:46

Yeah.

Frank Curzio 40:46

Not the credit crisis, that, the COVID.

Daniel Creech 40:48

COVID. Yeah.

Frank Curzio 40:48

Right. So, you know, during the pandemic and sold his tied positions. I’ve never bought an airline. So if he would’ve kept those positions, holy shit, off those lows, do me a favor. Put up, uh, uh, Delta, DAL.

Frank Curzio 41:04

’cause if you put up this chart in Delta and put up for five years, it should be pretty close, I think.

Frank Curzio 41:11

I mean, look, go, go back now. Go back to COVID. Go, put, can you pull a chart like, okay,right there, like the lows. Where, where was it? Twenties? And it’s 70. I mean, you could do that for every single airlines. Absolutely. It’s up tremendously since then. But that’s where he sold it around there,right? Big mistake. This is Buffett’s greatest investor in the world. Uh, so I wanna bring this up because you shouldn’t beat yourself up if you get things wrong.

Frank Curzio 41:31

We’re all gonna get things wrong. It’s try to limit your losses. It’s, you know, you wanna have more winners than losers. You wanna be smart, you know, and don’t beat yourself up. Try to learn as much as you can. ’cause even the greatest investors in the world get it, get it wrong. We get it wrong sometimes. We always tell you when we get it wrong. You know, we’ll come on here, uh, and, and tell you when we get it wrong. But, uh, that’s one thing. The other thing is don’t buy Whirlpool here.

Frank Curzio 41:51

I mean, Tepper is really sending this letter so he can get the stock going higher. So he can probably get out of his, his old position. Because when you look at, at, at Whirlpool, this, there’s no short-term fix here.

Daniel Creech 41:58

Hmm.

Frank Curzio 41:59

I mean, you have a management team that’s just, you know, totally discredited, uh, you know, overpromising, underdelivered. Then you do this financing in your face when you’re not only like, you, why wouldn’t you ask when you do a financing, the first thing you do is a financing. If you’re gonna do a secondary offer, you go to your biggest investors.

Daniel Creech 42:14

You would think.

Frank Curzio 42:14

And say, hey, we’re gonna do this financing. Do you want? And they didn’t go to Tepper. They didn’t go to him. They did this behind his fucking back. Your biggest shareholder with the biggest name in the world. What do you think’s gonna happen? So either total management’s gonna get thrown out here. Maybe the board’s like, you know, they’re gonna be like, well, we have the same board. We’re not gonna vote against everybody, whatever. Either way, this is a shit show here for Whirlpool. Don’t buy it here. Maybe you see the company get bought out.

Frank Curzio 42:35

That’s totally different because there is value if it gets bought out. But the current management team shows that they’re totally incompetent here. And he knows that. And that’s why he’s coming out with this letter. Probably you’re gonna see him sell a lot of shares of this in their next 13F. And that’s why he’s talking about it. Because, you know, I guess I would probably do the same thing. So it’s just interesting.

Daniel Creech 42:51

Yep. Uh, just to summarize real quick, I’m with you. When I saw the CNBC headline about the letter and stuff, I finally found the letter again, very short. I assumed incorrectly, talk about getting it wrong, Whirlpool would at least pop here. On an upday, stock currently down about a half a percent.

Daniel Creech 43:10

That tells you all you need to know to not, you don’t, you don’t have to chase this.

Frank Curzio 43:13

Look at that chart. Look at that chart. What is it, Joe? How much is it down? And that’s a year chart.

Daniel Creech 43:17

30%.

Frank Curzio 43:18

30% is down over the past year where the market is up. How much? 18? 16? Incredible. Yeah.

Daniel Creech 43:24

Yeah. So that’s, that’s all you need to know on that.

Frank Curzio 43:27

And, and remember, this is when consumer staples over the past month and this stock, look, that’s what it’s gotta piss you off. ’cause look at February. Bring up a year chart, Joe, really quick. Last thing I’m gonna say about this.

Frank Curzio 43:38

So, you know, if you go into the year chart, look at the stock start popping even to, to the beginning part of the year. So is it going for a year chart or no? We gotta get outta CNBC. This is a night show, night, night night with CNBC.

Daniel Creech 43:49

Hmm.

Frank Curzio 43:49

So anyway, so, so if you look at a year chart in this, you’re gonna see the stock actually not perform pretty, like it’s starting to go up. Why? Because a lot of consumer staples, you know, a lot of these cyclicals, money’s been pouring into them from the technology companies that are down a lot,right? So, you know, now you’re like, okay, now we’re ready to go. And then they do this financing in your face without telling you you’re best investor.

Frank Curzio 44:08

You fucking kidding me? That’s crazy. That is crazy. And you know it’s gonna get headlines all over the place. Got headlines, negative headlines. This is why it’s down. Because now you’re highlighting it of, of, you know, the biggest investor in the world that everybody pays attention to and loves to see on TV ’cause he doesn’t go on too often, just shuttle over your company,rightly so. And, and you know, I, I don’t understand. Like if you really wanna crush your stock, dude, like this is the playbook.

Daniel Creech 44:29

Yeah. 13Fs will be interesting next year.

Frank Curzio 44:31

Yeah. This is the playbook to crush your stockright here. And, and this is gonna be an incredible buy. I think it goes down to the sixties and maybe it’s a buy, but you gotta do it with different management ’cause management lost total credibility.

Daniel Creech 44:38

Yeah.

Frank Curzio 44:39

Uh, Netflix. Let’s bring up Netflix.

Daniel Creech 44:43

Hmm. Netflix.

Frank Curzio 44:45

So Netflix is

Frank Curzio 44:49

killing FNFLX,right? So $82 and it’s up 6% today. If you look at the 52-week high, it was 134. And this is a company that’s been killing it with their results. Now look at that chart. Why is it down so much? One reason. They’re trying to buy Warner Brothers, which the market hates. And not only do they want it, it’s not so much the market hates, but they knew this was gonna be a long,

Frank Curzio 45:08

drawn out fight for three, four months. And people don’t wanna wait. That’s the markets,right? So you’re waiting, waiting, waiting what’s gonna happen. We highlighted how Netflix is gonna be a great buy because they’re not gonna be able to buy Warner Brothers. And we said that when Netflix came out and they were like, well, and, and Warner Brothers accepted their bid,right? And said, okay, we’re gonna, and we said, you know, it’s not gonna fucking happen.

Frank Curzio 45:27

And there’s a reason why it’s not gonna happen. It’s politics. And David Faye was on TV and I forgot who was on with him. Uh, and I forgot the girl. She, she’s really cool. She’s got blonde hair. And she’s mentioned some of the political stuff. And David Faye just kind of dismissed it, almost like made a couple of snarky comments. Well, we, you know, it’s a DOJ and the DOJ is again, you know, they have nothing to do with, with, you know, whether or not it’s political.

Frank Curzio 45:47

I’m like, well, what do you, how do you mind? So it’s looking like Paramount’s gonna purchase Warner Brothers. They have to submit in a higher bid. And this is of $31 a share. And I also did what Warner Brothers wanted to see is they’re being backed by Larry Ellison for 40 billion. This is 100% about politics. Again, we highlighted this a lot because Netflix is a liberal company and they hate Donald Trump.

Frank Curzio 46:09

A lot of companies hated Donald Trump, but they switched. And that’s what you’re supposed to do. And everyone’s like, yeah, flip flop, whatever. You wanna be part of the current administration. It makes business a lot easier, a lot easier. Netflix didn’t,right? They still kept coming out and saying, we hate Trump, we hate Trump. And the big news came, was it two days ago where Trump said Netflix needs to fire Susan Rice from the board or face consequences?

Frank Curzio 46:29

And why do you say that? ’cause Susan Rice, former national security advisor for Obama on the board of Netflix, said in a podcast that corporations, media companies, law firms, and universities that supported Trump should not expect forgiveness from Democrats if political power shifts. Soright there, bang. Okay. Thank you, Susan Rice, because Netflix just lost its bid.

Frank Curzio 46:50

And, and you just added to this,right? Because you just added to this. And you want proof. We highlight the prediction markets a lot. And if you look at Polymarket, I don’t know if you can bring that up to you. If you look at Polymarket in February 1st, February 1st, Paramount had a 23% chance of winning this bid. And this is what we were saying when Paramount is going to win the bid.

Frank Curzio 47:10

It was a 23% chance. You know what it is now? It’s tied with Netflix at 45%. If you go to Calshi, which is, which is getting bigger and bigger, uh, to start February, they gave Paramount a 20% chance of taking over Warner Brothers. Today it’s at 55%, 55%.

Daniel Creech 47:25

Is that higher than Netflix on that one?

Frank Curzio 47:27

Well, it’s 55%. So it’s, it’s.

Daniel Creech 47:29

Or duh. Yeah.

Frank Curzio 47:29

Yeah. Right. So it’s higher.

Daniel Creech 47:30

But I mean.

Frank Curzio 47:31

But, but if you look, I think Netflix was at, at, um, at it wasn’t like, it was like 40%, I think. And then there was like, you know, other.

Daniel Creech 47:37

Okay.

Frank Curzio 47:38

With, with whatever it was. Maybe nobody kind of.

Daniel Creech 47:39

I forget it’s binary. I like that. It’s just boom.

Frank Curzio 47:41

Yeah. So you’re looking at, at the prediction markets and you could say what you want about prediction markets or whatever. But, you know, you look at Paramount, it’s actually going up. It’s actually 48% now. And, uh, wait, this is, um, this is Polymarket. So Paramount 48% and Netflix 45%. So it’s actually higher.

Daniel Creech 47:57

Okay. So, so it’s taking a lead on that.

Frank Curzio 47:58

It’s getting higher. So it’s 11% like, uh, yeah, just, you know, neutral kind of whatever.

Daniel Creech 48:02

Speaking of politics, you saw, what are you calling Baby Ellison? You know, he was at the State of the Union last night.

Frank Curzio 48:06

Oh, was he?

Daniel Creech 48:06

That’s what I think.

Frank Curzio 48:07

That’s what I owe so much to the campaign.

Daniel Creech 48:08

That’s what’s going on.

Frank Curzio 48:09

That’s why you donate money to campaign.

Daniel Creech 48:10

I heard that. I didn’t see it on video, but I mean, I heard that several times on CNBC.

Frank Curzio 48:14

You could agree with it or disagree with it. From a business perspective of making money on stocks, you wanna be donating to the current administration’s campaign. And they donated a lot of money for a long time to, you know, the Republican Party. Not necessarily all going to Trump, but all, all the, the, the governorships and, and everything else. So you’re looking at Netflix today is up a lot.

Frank Curzio 48:33

Netflix is a screaming buy here ’cause they’re not gonna get this. They’re not gonna be able to buy. Even though Warner Brothers wants this, they would be smart because they’re just gonna come under this umbrella and constantly get scrutinized and, and criticized. If Trump’s willing to, to say that Susan Rice gotta go, uh, who else are they gonna tell that have to go? Maybe they say, well, Netflix, you gotta shed CNN, you know, when you buy this and, and, and you know, whatever it is.

Frank Curzio 48:54

But Netflix is also gonna get 2.8 billion, uh, for the termination fee. And you could see this stock pop easily over a hundred once the official announcement is out. I think it’s a screaming buy here. Netflix, if you look at the past quarters, they blew out the numbers. They’re just starting to get into advertising and they’re gonna blow out the numbers in advertising. It’s a massive growth company.

Frank Curzio 49:12

So just have this massive growth model when it comes to best content, best streaming service, and then you throw in advertising in there. And I watch Netflix all the time. I mean, you look at Hulu. Hulu’s a fricking disaster. Like Disney, seriously. So you can’t fast forward to the commercials even if you tape the program. You can do that through YouTube TV. You can’t do. So if I tape a game, if I tape a best.

Daniel Creech 49:32

I love that. You tape it and you can’t fast forward.

Frank Curzio 49:33

I’m, so if I tape like Can, I love Kansas. I don’t get a chance to watch ’em all the time. I always watch the game after. And I love just fast, you know, I’ll go through it.

Daniel Creech 49:40

Yeah.

Frank Curzio 49:40

You, you, you gotta watch the whole thing.

Daniel Creech 49:41

I didn’t know you could do that. That’s interesting.

Frank Curzio 49:43

Even when you tape it, which is shitty. And that’s Disney fear because they’re getting annihilated. But that’s fine. It’s why the stock’s done shit in six years, actually 10 years. Uh, but Netflix is the king here. And they reported good numbers last two quarters during this, but they just like, you know, you’re getting tied down to this shit.

Frank Curzio 49:57

And maybe it would be good in the long term, but you’re gonna see Netflix, if they lose this bid, this thing’s going well over a hundred ’cause they still have a lot of growth. They could acquire, they show how much money they have in the balance sheet. They’re gonna get 2.8 billion for free, which, which is a lot of money if you look at the bottom line, not to the market cap, the bottom line.

Daniel Creech 50:11

Absolutely.

Frank Curzio 50:11

Scroll down, Joe, on Netflix.

Frank Curzio 50:16

So what are you looking at here? I mean, revenues 45 billion, uh, earnings per share. Let’s see. I mean, EBITDA 30.

Daniel Creech 50:24

What are you saying?

Frank Curzio 50:25

No, but EBITDA’s $30 billion. I mean, this is like what, six, 7% of EBITDA,right? So.

Daniel Creech 50:29

Hey, that’s what’s good about greed. I don’t.

Frank Curzio 50:31

Yeah.

Daniel Creech 50:31

You ask Elon Musk if you, if he’ll take $2 billion and he’ll say yes.

Frank Curzio 50:34

Yeah. I mean, it’s basically 3 billion. So, so, you know, it’s, you know, 10% of their EBITDA, which they’re gonna get for free. And now you’re back to, okay, this is our advertising platform. And you can go in and buy whoever you want. Maybe buy Disney. Jesus. And, and, and I don’t know. They won’t buy Disney. But anyway, uh, which is a nightmare. But it gives you more options. You have a ton of cash.

Frank Curzio 50:53

You could distribute that cash as special dividends, whatever you want for Netflix. But this is a very, very positive. It’s up 6% today. I think it’s a screaming buy ’cause I’d, I’d be very, very surprised. I give it less than a 10% chance that Netflix is gonna be able to buy Warner Brothers. And I think this is like 60, 70% at one time. And I was all by myself on an island when I said that because they came out and accepted Netflix’s bid.

Daniel Creech 51:13

Yeah.

Frank Curzio 51:13

I think two weeks after I said that, I’m like, this isn’t a done deal, man. And now Paramount, again, the politics really matter here. And I think Netflix is a buy, which is all that matters. So politics do matter. It’s why we talk about it, even though some people are like, Frank, I’m a Democrat. Stop it.

Daniel Creech 51:26

Hmm.

Frank Curzio 51:27

Grow up. It’s okay. It’s a milk. You have every other fucking media outlet to listen to that talks about Democrats and how great they are. It’s okay. It’s not like I hate Democrats. It’s not that. It’s just I believe in capitalism, have my own values and stuff like that. But still, I mean, every other outlet is, is you could support if you wanna support. Anyway, so Netflix screaming buy. And man, last thing, could you bring up Circle, Joe?

Daniel Creech 51:47

Oh, there you go.

Frank Curzio 51:48

Here, a couple minutes. Look at Circle. CRCL.

Daniel Creech 51:54

I went through this just a little bit, but I want your, I want your, uh, opinion first ’cause a couple things surprised me. I love this. Oh, man. Now it’s up.

Frank Curzio 52:00

I’m surprised. I’m surprised. Now it’s 40%. It, it’s gotta be up 40% by the end of the day. I’m doing this midday. And I’ll tell you why. I mean, look at the downturn. And it deserves everything. So because they, they tie in this to crypto and it’s not crypto. This is a, this is the only pure play on stablecoins in the United States. And this is creating one of the biggest buying opportunities ever because every, every bank wants to be Circle. They’re dying to be Circle,right?

Frank Curzio 52:19

Circle’s disrupting the whole entire banking industry. Why is it up 30%? Because it’s easy. And we have other companies with tokenization like StreamX that got hit. We recommend it. We talked to ’em. We had the CEO on and that got hit. And a lot of these tokenization companies, or, or we look at stablecoins, which they just had great news, STX, uh, that for, for their token, which, uh, they said they’d seen over a hundred million dollars in demand,

Frank Curzio 52:41

which is a tokenization company that’s going to tokenize gold and pay yield, which opens up to all ETFs to pour their money into this token, uh, GLDY. And it’s gonna offer a 3.5% yield. Uh, you know, they said around 3 to 4%. So 3.5% yield. But now they’re just launching this. I think it’s if not today, they came out with the news. But, uh,

Frank Curzio 53:00

you know, and seeing massive demand ’cause now ETFs could actually put their, they could buy this, earn that yield. And then the StreamX company is getting, it’s almost like a management fee into there for companies using their platform. Uh, and this is a company that we had and, and it got hit. And a lot of these companies got hit ’cause Bitcoin’s got annihilated and they’re associating everything under the Bitcoin umbrella. Bitcoin and blockchain are two different things, guys.

Frank Curzio 53:19

Blockchain is one of the most revolutionary technologies that we’ve seen. I put it up there with AI. Uh, you know, just this, this public ledger, uh, getting rid of third-party fees. And I understand why banks have been fighting this for so long. But Circle today, when I looked at it, it was up 7, 8%, great earnings and stuff like that. I, the short position on this is over 20%.

Daniel Creech 53:37

Ooh.

Frank Curzio 53:38

And they’ve been, and they’ve been doing that with Robinhood, uh, you know, which is a company that, that we got nailed on that I thought was a great value. And I have something a year, a second that I actually, somebody posted on this. I thought it was a great post.

Frank Curzio 53:53

Um, so this was, uh, about Robinhood, uh, and, and their numbers, which I thought was amazing. And.

Daniel Creech 54:04

Both them and Coinbase.

Frank Curzio 54:06

So basically the numbers are up from where the stock is. Throw up Robinhood up there, uh, really quick, Joe.

Frank Curzio 54:15

And you know, Robinhood, their numbers are, are absolutely insane compared to where they were like five years ago, to where the company had four years ago, to where the company was trading. And you know, you look like a year later compared to the revenue of the, they’re generating like 300 million in revenue and they’re generating like, you know, billions and billions of dollars, this company. And the stock’s at the same price.

Frank Curzio 54:33

You know, this company is growing tremendously and it’s linked to a lot of crypto when they have businesses outside of crypto. Uh, for Hood is, is a symbol. But this is a name that I think is a screaming buy here, especially if crypto, crypto could level out a little bit. But a lot of these names have gotten annihilated, uh, because, you know, there are ties to crypto, but they have so many other businesses outside of that. They’re not pure plays. They’re not all coins, which deserve to be downright now with,

Frank Curzio 54:53

with, with Bitcoin and Ethereum getting annihilated. Uh, but yeah, Circle, I think everyone has been shorting anything crypto related. The short positions are up to the highest level. And this is Goldman Sachs research. The highest levels are at the 94th, 95th percentile of the past five years,right? So the shorts are coming back into the market. Why they come back into the market? Because the retail investor’s gotten annihilated.

Frank Curzio 55:12

You don’t have to worry about the Wall Street bets coming in and, and doing something like they would do with Circle when they see this massive short position and getting all these massive retail investors, which is a very big part of the market now, guys, very big part. Uh, you know, you can exit a Dell about that, how big it is with Melvin Capital, ex those guys, how they had a Dell out Melvin Capital, uh, with GameStop. But when you have that,

Frank Curzio 55:32

that out of the market and which caused Chaino to close his fund and he’s still short, you know, MicroStrategy and things like that. And you have Citron Research also saying, we’re not gonna short anymore. He’s just starting to short a little bit. This is the first time we’ve seen, I would say, in 10 years that the shorts are back. I mean, the shorts are back and they’re making money on a lot of positions. And I covered this in my latest newsletter, the 50 biggest shorts.

Frank Curzio 55:51

I think Circle was on there, the 50 biggest shorts in the market and, and including some of those small caps. And almost all of those out of 50, 12 were positive in terms of the stock was positive. That means they’re making money on the rest of them.

Daniel Creech 56:02

Yeah.

Frank Curzio 56:03

And you normally don’t see that. And that’s when you have risk off coming off with, with crypto and a lot of small caps aren’t generating money and meme stocks and crazy AI names that aren’t generating revenue. You know, so expect to see some of this that they put up great results. You’re gonna see 30, 40% moves. Bitcoin monitors as well. If they transition to tier one and they come out with good earnings and they sign like Microsoft as a partner,

Frank Curzio 56:23

you’re gonna see 30, 40% gains because the shorts, the percentage of float that’s short is 20, 30% here for some of these stocks, which is insane. And now they’re running to the exits. Put a day chart up there, Joe, for Circle, hit the day. Look how this thing, I mean, where was it? It was, it’s 80 now, pretty close to 80. Where was itright there? It was 71 during the day.

Frank Curzio 56:41

It was 71. And now what happens is it goes up and goes up and goes up. And the short’s like, holy shit, we gotta get the hell out of this immediately,right? It was 71. It’s opened up. Look at it. 71, 73, 75. As it goes to 80, 85, the shorts are gonna continue. They’re gonna, it’s forced buying because they’re short and it makes the stock skyrocket and go higher. I wouldn’t be surprised if this is up 40% by the end of the day.

Frank Curzio 57:00

We’re doing this midday. It’s about 115right now.

Daniel Creech 57:02

Yeah. This thing is, you’reright. I mean, on those, those stats, that, that’s crazy. Real quick for me on, uh, Circle, interesting business because you wanna look at the growth and the circulation. That’s really showing you how adoption and other players are coming into this game. So that’s key. On the money-making side, it’s a simple interest rate play. And you know, it went down a little bit, Frank, the percentage.

Daniel Creech 57:24

So for fiscal year 2025 is about 4.1%. This is the reserve return rate that they earn. Remember, all this money’s sloshing around. Everything’s backed by Treasuries one to one. There’s no gimmicks here. But because the Clarity Act isn’t passed yet, they get to kind of, kind of hold onto all this yield, not pass it through. Circulation up 72% year over year change, um, for the USDC.

Daniel Creech 57:44

Reserve fell from the fiscal year 4.1 to 3.8 during the quarter. That’s still very good because remember, Frank, we went a decade, people, a decade with 0% lost opportunity costs and all that. These guys are growing their circulation in their stablecoin and they’re gonna earn yield. Um, I don’t think yields are gonna fall out of bed anytime soon.

Daniel Creech 58:05

So that’s impressive on this. But really the focus here isn’t the earnings. Uh, one of the reasons they have a big loss on paper is because they do 400 plus million in stock options. You know, we’ll leave that for another day. The point here is the circulation growth is really the, the, um, story in my opinion. But it’s also great to follow the reserve return rate because that’s just a great play on, uh, on interest rates and such.

Frank Curzio 58:27

Nah, it’s great stuff. Well, listen, talking about a lot of stocks today, a lot of good things. Hopefully the numbers areright because if you look at this bottle, sorry, Daniel, we drank about 25% of the blue label just now.

Daniel Creech 58:36

Perfect.

Frank Curzio 58:37

Uh, which is great. And, and listen, seriously though, happy birthday, man. Happy 40th. Enjoy it.

Daniel Creech 58:41

Thank you, sir.

Frank Curzio 58:42

Enjoy your cigar. Enjoy, uh, your cigars. Enjoy the, the rest of this blue label.

Daniel Creech 58:45

I will. I don’t, I won’t get us kicked out of this office. I’d like one. We ought to all three have cigars in here. We, that’s what our next thing would be. You know, Curzio Research, when we can have our own smoke system in here, we can burn cigars.

Frank Curzio 58:54

Soon. That’s the next studio. Just everyone on this has to subscribe to one and every month.

Daniel Creech 58:58

Rush Limbaugh did it. Dammit.

Frank Curzio 58:59

Yeah. Just subscribe to all my newsletters and we’ll do thatright away. That’s why you could watch us smoke cigars. I feel like I’m, I’m talking my book like, uh, like Chamath. Everyone’s going to space. Everyone’s going to space. That’s what, uh.

Daniel Creech 59:09

No, but thank you. Yeah.

Frank Curzio 59:09

What is it? What, uh.

Daniel Creech 59:11

Virgin.

Frank Curzio 59:11

Branson. Branson’s like, everyone’s going to space. He gets to go to space,right? And he cashes in for $300, $300 million. And everyone gets annihilated. He’s down 90% of the stock. But he, he basically got to go to space. He got everybody to fund that for him. He got to go to space, got paid $300 million and wrecked every single shareholder. Good for you, Branson. Way to be, Billionaire. That’s what billionaires do.

Daniel Creech 59:30

Cheers.

Frank Curzio 59:30

It’s very common for billionaires to do that. Anyway, guys, hopefully you enjoyed the podcast. That’s it for us. Uh, if you’re interested in the one membership, remember, reach out to me. I talk to everyone about the one membership. It’s no obligation. I tell you all the details, everything, how to subscribe the year membership and get access to all this in our conference. Just email me, frank@curzioresearch.com. And again, it’s not a crazy sales pitch. I’m gonna tell you if, if it’s worth it.

Frank Curzio 59:49

If it’s not, just make sure you’re a credit investor. And, and you know, I give you access to my calendar as well. Uh, and then, uh, but if you’re looking to get into Caffree, I would do it in the next few days ’cause I could definitely still reserve a spot for you. Uh, but that’s probably gonna be taken out, uh, pretty much within the next seven business days, five business days or so. 

So if you’re interested, again, frank@curzioresearch.com. Daniel, what’s your email in case people wanna yell at you about politics?

Daniel Creech 01:00:10

Daniel@curzioresearch.com. Yell away.

Frank Curzio 01:00:12

Allright, guys. Yeah. That’s it for us. And, uh, we’ll see you tomorrow. Wall Street Unplugged. Premium. Take care.

Announcer 01:0017

Wall Street Unplugged is produced by Curzio Research, one of the most respected financial media companies in the industry. The information presented on Wall Street Unplugged is the opinion of its host and guests. You should not base your investment decisions solely on this broadcast. Remember, it’s your money, and your responsibility.