18 Burst results for "Mcgowan Group"
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"On what the cause of the accident was, but often on these missions that are derived to help us learn. Cross country and learn to navigate on different fields. Then there is a student and then there's an instructor in the airplane as well to help teach, according to W F. A. A three homes on the ground were damaged by the crash, according to the Texas Workforce Commission. The state unemployment rate fell last month by 30.3% to 5.9%. The lower rate was driven by over 39,000 new nonagricultural jobs added to the economy last month. Meantime, the Texas Workforce Commission will hold its massive 10th annual statewide job there for veterans and military spouses. On November 14th. The hiring event is dubbed hiring red, white and blue. Or you, Uh you connect k l i f dot com For more details. It is 709. Let's get a business update on this Monday morning now from network Radio Spencer MacGowan morning, Spencer. Well, Apparently we donated numbers on the global economic recovery. Revised estimates from the World Bank this summer. The global recovery at 5.6% this year it's the global economy 2% bigger than before the pandemic leading the way this year. United States 6.8% Growth India 8.3% China still at the top at 8.5% next year, the growth rates slow to about 4%. The Middle East is the lagging region. It just About 2.5% growth this year. I'm Spencer Macau and President McGowan Group network radio dot com. Coming up in our cliff notes some good news. If you're waiting to get your kiddos vaccinated against Covid 19 kayla of news time 7 10 at the top in 30 minutes.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"92 degrees With 5. 70 K l I f news and information. I'm Chad Dixon. Let's get a look at your money here. Spencer McGowan with network Radio. The trading day starting empowered by Goldman Sachs Profits 50% over expectations JP Morgan actually doubled profits above last year Yet major indexes down on the day Russell 2000 small cap Down 2% and a half the down the S and P down a third of Said S and B actually did make a brief all time high. NASDAQ 100 traded into all time high territory just enough to catch up with the Dow and the S and P After being negative earlier this year West Texas intermediate crude finishing the day It's 75 25 a barrel up a dollar 15 I'm Spencer Miguel and President McGowan Group network radio dot com News and information. Time is 404. Let's get a look right now. Traffic Southbound 75 Woodall Rodgers have disabled vehicles blocking the left lane of the westbound ramp to 3 66. So use caution. If you're heading into the area and then in route led westbound 30 at Del Rock, there's an accident, blocking the left lane, causing about a minute or two delay and then eastbound 30th del Rock that earlier accident has been cleared. Traffic is still stop and go for Broadway Beltline in Fort Worth eastbound North Loop, a 20 between Blue Mountain Road and Mark for Parkway. There's road construction, and the Left Lane is closed. With K L F right now. Traffic I'm Junior Caruso. Now let's get a look at your 5. 70 K l I f news and information forecast. This is W F a meteorologist Caylee Dion with a look at your forecast tonight mostly clear skies temperatures in the mid seventies. We head into Wednesday expect a mix.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"The investor McGowan group clients, and it comes from real portfolio managers. You and I in this together. I'm Spencer McCowen President McGowan Group and Alex Tolin, co host. A technical trader with vast experience. Plus, he's head of client development to help you make great decisions. The title of today's program. Dangerous assumptions, Alex. Dangerous assumptions. Dangerous. Okay, Cordon. My What's first question on this. I'll get this started. What are the five most dangerous assumptions and investors are making in 2021? We're going to get to that shortly. Well, when I when I asked when, when you go through these questions It's going to frame the top five most dangerous assumptions in our opinion, of course, uh, 4 2021 because I'm seeing some assumptions that where the math doesn't work and investing is about math. Yeah, eventually, right eventually. It's about the underlying man. Okay? What's next? Why did U s Treasury yields dropped so dramatically this week, 10 Year treasury of one and a quarter. That's you know, it's just right for the pandemic. We're getting 2% money markets. Yeah. Now you get one and a quarter with next question. What is duration risk? And why does it matter? Well, there's some assumptions built into fixed income allocations. That seemed to leave behind the dangers of duration risk. What's next? Does real estate always go up in price? You know, there seemed to be a lot of people at this moment convinced that real estate Never goes down in price. We saw this before right back in 2000 and 6 2000 and seven All the home flippers. There's news articles about him. Home flippers said by five or six houses all at the same time. Oh, yeah, and they borrow the money to do it. Yep. And guess what. Smart guess what happens when you can't sell them? That's ah, unfortunate. We've had some clients that Had two houses because they were in the process of moving sure, and that was pretty tough. That was a pretty tough note to carry and it was one of them had to be refinance because his construction And then when all hell broke loose, it wasn't easy to refinance. So that was that. That was an interesting time period, so real estate doesn't always go up in price. But Seem to be a lot of assumptions, which will get to, uh, that real estate does always go up. Okay? Do stocks always go up in price? Longer term? Well, the the charts would say eventually. How long do you have? That's that's that's a key and we'll cover the time periods. Where stocks didn't make progress and actually had corrections and that will lead me to the efficient frontier when I cover a little bit about that, too, okay, efficient frontier. Coming up and what will cover some of good math. Bad math when it comes to efficient frontier in Monte Carlo simulations perfect, which are driving portfolios based upon the fact That interest rates are always going to fall. That's a bad assumption. Too dangerous assumption. Okay, what's next? What will happen to the cryptocurrencies below the top five names? How many are there? Well, you said over 10,000 last week, maybe 11 by now being, but anyway, there's so tent will say, 10,000 cryptocurrencies. Some of them have had the bid price go to zero, and we've got a whole crypto update. But CNBC and others carry just the top five names. Bloomberg to you know they'll show you that Bitcoin ethereum ripple. They'll cover the biggest And I'm just wondering what happens to the also rans. If those five make up about half of the market capitalization that's in crypto The other 10,000 or so Well, that I mean, most people don't even know what they are. You can. You can almost view this through the lens of what happened in the Internet bubble and how many of those companies Survived. Good question. Not very many. Oh, most of them. It's so you made your hat. You had five or 10 and you had a couple newcomers after the bubble, but, uh yeah, A lot of the other ones didn't make it, and those coin admits they were started as a joke. I feel bad for the guy who started it a picture of the dog. He didn't even own any. He didn't know. He just made it up. Yep. Okay. A lot of people making stuff up here. We're okay. This is good. All right now there's another dangerous assumption. What happens after taking on too much leverage? Well, you may have made a dangerous assumption when you take on leverage, right? And it's a lot of fun. Get a new car until about the fifth or sixth payment. You know, then you're like, uh, I think you've said something about this. Earned 20 spend 19 happiness. Erin Tony spent 21 misery. That's where cash flow comes in, and the program will focus on cash flow in a zero interest rate environment where Your cash is getting nothing. And that doesn't seem fair at all. Okay. How can we identify overvaluation dangers? Math. Uh, I should have. I should have held back on the answer till the very end of the program. But we're going to cover some of the math, so I'm just starting the answer. I'm just starting And how do I find a great team to help? Look no further. You found it. Go to network radio dot com. Click become a client fill out the questionnaire and you'll hear from from me. Well, you can meet the team. Yeah, right there. Click meet the team as well. And you can see the results that's posted for the group of clients and I think I think that's that's a good answer and The charts and graphs are coming up as we go through the program will grab the charts and graphs that make the most sense. Yeah. All right. This is the headline round up portion of the program where the top financial headlines most important headlines are there or sometimes will bring up a headline. That is actually and debug it and say that's actually not important. Yeah, we had to do that a lot with the trade wars. Oh, that's right. We had trade wars, didn't we? Oh, it's going to is going to be terrible is gonna be a global depression and never trade wars and Dow go down 1000 points and everybody gets spun up and Well, we know. I mean, I didn't really have an impact. Okay? I have some trade war intelligence, by the way. What do you got going to interject here? So, Yeah. China is coming up here in a second, but go ahead, okay? Yeah. So client imports a lot from China. And he said, this is likely this supply chain logistics are likely going to do what the tariffs could not, and that's actually pushed manufacturing to United States back here. Yeah, he's like, Bring it home, baby. We're looking for all the suppliers. We can get right here because you don't know how long it's going to take or one it's gonna get here. And you don't want to have to bribe people to get it. The chip shortage fabricate, fabricate fabricator. Fabricate baby fabricate. It's not as good as drill baby drill, but that's uh, that's a good start. And speaking of The top headline begins with O Canada. Keystone Pipeline Builder sues Biden administration. Yes, that's right. I skipped over one headline, but let's cover this first. Okay, Okay for people that are worried about the economy. That's the next deadline. All right? Yep. DC energy. Um, is, uh, seeking damages $15 billion against the government. For breaching its NAFTA obligations. Well, there were you know, there's more to this story decision prevented 48,000 new jobs from being created, the firm said. So the Canadians You know they're more politically aligned with the Biden administration. But this nixing a pipeline that this company had devoted over a decade and billions of dollars to to bring friendly Canadian heavy crude. Down to the Gulf Coast, which has a refining advantage, which mixed with West Texas intermediate crude from what our energy clients tell us. Then it gives exported vantage and you don't have to bring oil. Troublesome oil from the Middle East. And it has less sulfur from Canada. So that's so they spent over a decade. They spent billions doing it and it was like, Oh, no, We're just changing the policy. No. You have contracts in place. You have NAFTA. There were permissions. Granted, There was a tremendous uh there was a tremendous amount of Agreement that went from many, many different parties there. So sometimes you just can't say Oh, I don't like the deal because that's called breach of contract. Yeah, you have 19 states that are in the lawsuit Also. Mm. Okay. I would imagine Texas in there too. Yeah. Well and we'll get to the energy market here in just a second, a An exciting trading week. Okay, tell us about GT. This is not my sister. Her name's DD too. But, yeah, You know, my mom. My mom's name is Dee Dee. Really? Yeah. You know when, Okay, So let's tell the DD story and I'll interject something about my sister. You're a just second whether what the CCP say the DD tonight too. Okay, anyway, D Did he die? I guess it's dd dot com. A, uh, the Chinese ray ride hailing service? Yes. Um, they went public. Okay? And the Chinese government said, Well, wait a minute. We're not going to add, bide or adhere to U. S listing auditor requirements. Um and so The stock tanked well, and they they just they said..
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"At two separate graduation and birthday parties. A flight schedule adjustment at American Airlines highlighting a labor shortage being seen in a number of industries. DFW hiring expert Barbie Barta says the coronavirus pandemic inspired a lot of people to work from home or make career changes for my company. We're having a very challenging time hiring an F recruiters and Hopes to work internal for us. There's a lot of options out there. American Airlines has cut a small number of its scheduled flights through mid July. The airline also attributes to cut back to recent weather in major hub cities in a recent surge in passenger demand 709 now at K L. F. Let's take a look at how your money is doing. Here is the latest business update from network radio. Spencer McGowan. Morning, Spencer. Good morning, Captain Scott Will crypto money is actually a lot smaller this morning. Just this week. Another half a billion dollars lost in value in the crypto markets. Bitcoin and Ethereum are down about 5% below that upper tier. All the kryptos are down about 15% this morning. It's an absolute crash. Well, The Dallas 22 points. After yesterday's rally, West Texas Intermediate crude touched nearly $74 a barrel is Bank of America said it's going to 100 today. It's 73 15 at the opening I'm Spencer McCowan President McGowan Group. Net worth radio dot com You're not going to believe what to Washington Post journalists are claiming about former President Trump in a new book. Oh, I bet I will. Washington Post What are you coming up in our cliff notes? A lot of news time is 7 10 Dallas Fort Worth? It's Glenn Beck. Most Americans.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"I'm Spencer McAllen President McGowan Group and co host Alex to lean An experienced technical trader. Yes, a market maker at one time putting those skills to work on your behalf. And the title this of this week. Alex. I wanted to. I wanted to kind of delve into the title. Okay, Because sometimes we'll cover you know, we'll put up a topic and then we run out of time. That's right. This one I wanted to cover the scenarios so you may be taking the counterpoint in the debate. Okay? The next recession is the title of today's program. All right, because that that sends chills. You know, everybody's like, Oh, man. Winds are going to happen again. Yeah, And that was a big question after 2000. So I want to explore that scenario. But before I do explore the 2000 and eight scenario how it applies right now, because that leads to the questions Tell me what you believe will cause the next recession. Uh, you got free reign on this one. All right. So if you look at the past 30 years The precursor to most recessions is a federal Reserve rate hiking cycle. And, um, in combination with You know, an overheated part of the economy, and that's usually I guess inflation that causes them to do that. Or hot growth. Hot growth, so they don't like hot growth now. So yeah, so the one is slow things down, Get the business cycle. You know on deliver it a bit and and and so it doesn't get out of control. You saw that 99. Right. He had a big rate hiking cycle. You had a big Internet boom. You know what? Lot of a liquidity in the marketplace chasing things that shouldn't be chased. Who? There's a parallel. Mm. Okay, Dad that again in 2000 and 7 2000 and eight At this time it was housing. Okay, Right. And I would argue that a trillion dollars on the Fed balance sheet was overly tight in 2000 and seven right? You didn't have enough liquidity. And you had lots of lots of lots of leverage. But well, not only that you had a pretty big rate hiking cycle that started in 2000 and six. Okay, so that and when you look at a ballot sheet that's now eight trillion Mm. Used to be a trillion that's more. Then it went to four. And The that that leads to the center. Okay, so take us through the triggers on the next recession. Just just briefly. Recap it. Yeah, I think I think when there uh um if you get a big reduction in balance sheet And or tightening on the on the interest rate side that would that would cause a dislocation. Okay, so they they've said they're not gonna do that for a while. That's right. You can engage in numerology. Okay? Okay, Numerology, because the years are kind of parallel, So 2010 was a recovery. Yeah, um 2011. 2012 and the Fed change Posture 2013. Well, if we're and I'm joking about numerology, we don't really use that in finance. My mom uses it. You know, she's kind of a mystic, but anyway, so 2023 would be a kind of a parallel, Almost a parallel, Okay, And that's what the Fed said is. We're really not gonna do anything till 2023. Yeah. Okay, So if that's the scenario, let's get to the questions. All right. What do the 2020 10 to 2013 recovery scenario? Parallels. Tell us about potential strategy, Okay? What I want to cover on that question. Is the important part. Of 2010 2011 2012 for us. Was? Yes. You were in recovery. Yes. You had higher taxes. You had hostile regulation. Right? That sound parallel. Yeah, well, you had a significantly cheaper dollar, too. Okay? Yeah, And so that That scenario. When you look at it, you had a 10 to 20% almost instant correction. Every year 2010 2011 2012, and at the same time corporate profits were coming up, amazingly as they are right now. Well by the 2012 correction. I want to recall a conversation we had Um, that I had with the client. Okay, okay. And he was, you know, and he was freaked out again because everybody's like, Oh, here we go again. We're going right back into it, and it's gonna be ugly said No the earnings if you look at the earnings Companies are raising their dividends at record levels. Profits are going up, so we're buying dividend companies in the correction. So how if that's a scenario, how would you handle it? You lighten up on stuff that may be overpriced or not fulfilling its thesis or mission. At the end after after big increases. Then you've got dry gunpowder. Then in the corrections, 10% is normal. 20% is very uncomfortable. Yeah, right. A little bit takes good psychology. Then you put that capital back to work. While being guided by the mission to say I want to wind up yes with more capital but also with more cash flow through that cycle, and that happened in 2012. We lightened up on some of the bond funds of premiums, and then we had dry gunpowder for the 2013 rates. Spike. Remember that? Okay, so that that was good. What's the next question? What factors are emerging? That could cause the next correction? I didn't say recession because we're postponing that we're saying that we don't have. We don't have those factors yet. So we're saying corrections. What do you think leads to the next correction? That's interesting. Um You know, one of the one of the factors that, uh Oh, you know what? I'm gonna let you go first on this one. Okay, So you're going to punt that one back to me? Yeah. Okay. So you did a lateral on that when I got to run for the touchdown, always throwing, throwing each other bombs on the show? Well, the corporate tax increases a 10% reduction in the in the after tax. Earnings based valuation of companies. So the company's gonna make all this money and they stick it in a spreadsheet to value the company over time, then What happens in in a higher taxes your after tax earnings go down by 10%. If you go from 21% to 28. Yeah, I'm glad you're saying this because it is making me think because there's a wage inflation piece too. This too. That takes away some profit that takes away some profit. See, you could be eating the earnings growth at both ends. 9.3 million jobs available. We're going to get to the jobs thing, which is good. What's the next question? What is true and what is unknown. Okay? Who asks the question What is true?.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"Pass or any package. That's wealth and passive income expo dot com. Promo code Beck from the K L I. F Soda. Wait. Last news desk. This is real news and information by 70 K. L I s Sunny outside 90 degrees with 5 70 Kale. I have news and information. I'm Chad Dixon. Let's get a look at your money. Here's Spencer McGowan with net worth radio record high inflation at 5% Year over year, the highest since 2000 and eight yet gold Often rumored to be an inflation hedge is stalled at 18 96 per troy outs. A lot of the inflation money went to Cryptocurrency instead of gold. Crypto currency also stalled after most major Cryptocurrencies fell by about 50%. S and P 500 hit a new all time high today, up to half a percent. The Dow pretty well stalled at about 34,600, West Texas intermediate crude holding above the $70 a barrel mark. Consequently, the pipelines extended their gains for the year to nearly 50%. I'm Spencer MacGowan President McGowan group network radio dot com News and information. Time is 404. Let's get a look at right now. Traffic Here's Bill Jackson. In Dallas on 6 35 east found at Hillcrest Erect has that down.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"McGowan Group Asset Management will be right back with the grand finale of the program. Bye, honey. Don't you slip up later Booth? Investors. This is Spencer Macallan, host of net worth radio dot com devoted to your success with excellence and investment strategy and dissecting the financial headlines each and every week that's a service to our clients and dedication to real service and long term success. What of the other components of a great investment plan and strategy performance tracking long term reliability through superior cash flow and, of course. Worse, a service team that cares McGowan Group Asset Management, a team of nine devoted to your success, each and every day innovation through the pandemic, including zoom meetings for clients in office meetings with safety. The gallon. Group Asset Management is the choice for a fluid North Texas families to upgrade their investment plans. Net worth radio dot com. Get there today, net worth radio dot com. I f news and information. 5.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"Get more information you go to K l i f dot com 2021 yearbook for Downing Middle School is causing controversy in flower Mound. Some parents of students are upset after seeing the black lives matter, and I can't breathe sticker on the yearbook and our teacher has been placed on administrative leave the theme of this year's yearbook that was designed by the kids as we stick together. It includes several stickers featuring life in 2020 and 2021 on the back to specific stickers, a school officials say caused the story is one that Has a quote that reads in part. Science is real black Lives matter. The second sticker shows the closed fist and the words I can't breathe. Mickey Briggs K Life News s O this art teacher. On administrative leave. Let me see what is a huge as you were wondering why. Guess to show that I mean, a yearbook shouldn't get political like that. Right? Right. Right. Right. Right. But doesn't it you know is there's one teacher. All by him or herself. He's here. She was probably the yearbook person, right, but nobody else Nobody else gives it look and says You know, I like this. Let's go with it. Usually the cover I think was on the back of the cover. Usually the covers are approved. Yeah. You think there's some contest or something, eh? So other people see it. If I were the faculty member in charge of putting the yearbook together, I wouldn't take personal responsibility for the final result. Way. Sure, make sure it past the principle exactly. Especially in today's day and age. Yes, for sure. All right. It is coming up on 7 10. We're gonna check out the money news now. The business page with network radio Spencer Macallan. Good morning. Long interest rates on U. S. Treasuries Down slightly The Home price index comes out in an hour and Goldman playing the reopening, says Domino's Pizza downgraded But Shake shack is Abi I'm Spencer McCowen President McGowan Group. Net Worth radio com Common Apple Hear from former President Donald Trump, Kayla of News time 7 10 Projects sign makes it easy for good people to connect with great causes through volunteer maps. You can Bring fresh light to a dark and troubled world.
WBAP 820AM
"mcgowan group" Discussed on WBAP 820AM
"Is we keep that money here. So you take a program like Medicare where you know, I think all out from the federal side. It's about $27 billion annually. Well, it's just a drop in the bucket compared to the 103 260 billion that we over the end of the federal system that we never see right now. So You know that these issues that are being used to scare people from the opposition are really just a sham. We saw it happen during the Brexit debate with Project fear. They predicted doom and gloom. They predicted that the day after the Brexit vote, everyone would be fighting and loincloths and the Thunderdome on the currency would evaporate and businesses with fleas. Would it all turned out to be was a lie? Absolutely are Our guest right now. Folks is Daniel Miller. He is the president of the Texas Nationalist Movement and then let's let's let's go with nuts and bolts. I know a lot of this will be decided if this happens and if and again if we're looking for five years down the road to a Texas exit, and we become a nation again. Then all of these debates are going to be had by the elected leadership inside inside of our New nation. But what about taxes? What about the division of assets? Meaning our military bases are military hardware? What about our share of the national debt? Yeah, these air, not intractable problems, right? We address so many of these issues on our website CNN dot me. Even entire Texas section where we dive off into the details about currency and you know, defense and in many of these issues, But Chris, I think what's important for everyone to understand this to give it a little context. If you were to pull out a globe and spin it around and put your finger on it. What you're going to find is a self governing independent nation state that figured all of these things out, and they did it quite well, we have. We have examples around the world that this has happened. You know, at the end of World War two that was 54 recognize. Countries around the world. And by the end of the 20th century, there were 192. Those new countries did not fall from space. The earth did not get any bigger. There were people just like you and me, you know, right here in Texas, that said, You know, we believe that the best people to govern our country are us and then they reclaimed their right of self government. But Chris let me flip this around because I want the listeners to understand and have a little perspective on this. If Texas was a free and independent nation right now, if we were self governing in it Roose Respect. We had our own military, our own currency, our own embassies or own passports. We were independent. And this was a discussion about whether or not Texas would join the union right now. How would you vote? Would you vote to join the union? And what would the case be? Oh, hell, no. Hell, hell, no. And again that they wouldn't vote to join. Then why would you ever vote to stay well, see that That's that's a great point. Because the way And that is that how I led the segment. Which was this idea that that the United States, the Texas agreed to join a representative republic, But as the Republicans have caved in, as the Socialists have taken over It's no longer the case. But last thing last thing last thing I want to ask if this this is a big if, and you and I both know it's a big if if it does happen, what allies could Texas rely upon because As you know, geopolitically, the newly formed nation of Texas would be a prize that many anti American totalitarians would love to get their hands on China, Russia. Cuba. What? Who would be allied with the the nation of Texas? Well, this Presupposes that somehow Texas leaving the union is that puts us in some adversarial position with the United States and, frankly, the other the other self governing nation states around in North America and let me stop you there because again the reason why Spoke, sir. Now entertaining. This idea of leaving the union is because of the totalitarian nature off our political enemies. The Democrat Socialist Party would sooner destroy Texas rather than see it leave because they're of the mindset. They won the battle When you you lose, you vote toe vote in socialism, You lose your rights and you lose your ability to. They need Texas to bust. It's but so they could sit on theirs, and I don't disagree that that's their attitude. But But what we have seen time and time again, especially in recent history, is that this sort of internal conflict that's happening right now among among the States and the federal government. This idea becomes almost viral, right? So if Texas begins to have this conversation, and we begin to move this ball down down the field and get closer to the goal line we can expect and are already seeing other states and other people start having this conversation. So you know when I talk about a fundamental re examination of Excess relationship with the union. I'm also including all the other states. I don't we're not unique. I think 180,000 pages of federal law and this is what Alexandra Kozel Cortez and Sheila Jackson Lee and all the rest of these leftists. This is what they and this is what Twitter's working against and this is what Facebook is working against. The idea of freedom is catching. And that's that's why they're doing their best to suppress it. Daniel Miller, president of the Texas nationalist Movement, Sir, Appreciate the time here in the cell, Saito show. Thank you so much, Chris. Telephone numbers 800 to 80 w B A P 829 2 to 7 to give you some to think about you tell me Next on WB AP Investors. This message is for you. I'm sponsor Macau and host of Net Worth radio owner of McAllen Group Asset Management. And I want to work for you. I encourage you to come down to the crescent or such. Conference called Time with McGowan Group, Ass, said management We have a process.
WBAP 820AM
"mcgowan group" Discussed on WBAP 820AM
"Allows Democrats to take control of committee. The power sharing agreement will mostly mirror an agreement from 20 years ago. The last time the Senate was split 50 50. Senate committees will be equally divided between Democrats and Republicans. Republicans will chair those panels. There's no change to the legislative filibuster, keeping in place a 60 vote threshold. For most legislation. An agreement was the late weeks creating some challenges for Cabinet nominees is Republicans retain control of committees without the new agreement? On Capitol Hill, Jered Halpern Fox News. Meanwhile, House Republicans voted last night that Republican representative list Cheney should keep her post in House GOP leadership after she defended her support for impeachment of former president Donald Trump and House Minority Leader Kevin McCarthy has met with far right Congressman and Marjorie Taylor Greene calls for her removal from committees and resignation have grown over her touting conspiracy theories. House Republicans will be forced to go on the record to defend or rebuked Green in a planned vote today. On the first day on the job is in the books for New Dallas Police chief Eddie Garcia Garcia began his first day on the job with a simple tweet reading. Let's roll. Dallas Police Association president Mike Modeste says the chief plans to write out on foot. Troll and work side by side with the rank and file, which he believes has already boosted morale because it shows he's willing to do the same job that he asked us to do, and that's been a huge, huge problem that we've had in the past. Chief Garcia comes to Dallas from San Jose, California He's the department's first ever Latino police chief. Plate. Nevil, WB AP News Time Now for taxes business here spend some a gallon from network radio job growth resumed in January. A teepee estimates 174,000 net new private payroll jobs. Jobless claims just dropped 4% for the week. Dallas Fed President Robert Caplan speaking this week on the Texas economy, West Texas Intermediate crude 55 97 a barrel of 28 cents The Dow starts today, up 29 points S and P and NASDAQ up nearly a half a percent. I'm Spencer Macallan President McGowan Group. Net worth radio dot com From the W B A P News vast. I'm Nicolo say your next update is at 8 24 7 coverage and w b a p dot com You always gotta have the faith.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"Dixon. Let's get a look at your money here. Spencer McGowan. With net Worth Radio, the S and P 500. The Russell 2000 Small stock index up about a half a percent on the day, the Dow Jones industrial average back just under 30,800. West Texas Intermediate crude topped $56 a barrel for the first time since the pandemic correspondingly, Texas Pacific land representing nearly a million acres of Texas land actually went up almost 4% topping $900. That's a 24% gain so far in 2021 just for find Gamestop rally back to $102 about a 12% gain, But you gotta watch that one by the minute. I'm supposed to make it. Now and President McGowan Group. Net worth radio dot com News information. Time is for all four. Let's get a look a right now. Traffic near forming on Highway 80 Once pond past Clements Drive, an accident was cleared out of the way. Just in the last few minutes. That left a back up two pence enrolled in Garland on 6 35 East founded Ferguson. There's a stall in the right lane in Dallas tonight. 20 eastbound on Highway 3 10 erect blocks the left lane. It's slow from Bonnie View on I 35 North founded, saying Boulevard to crash blocks, too, right lanes near the FW Airport on one of the three westbound at American Boulevard and accident is reported headed Fort Worth on East Lupe 20. South founded Trinity Boulevard, erect blocks the left lane that's backed up on 1 83 with Kayla have traffic. I'm Bill Jackson. Now let's get a look in your 5 70 K L I f news and information forecast. Sunshine today with a high around 70 Tomorrow cloudy skies with a high of seventies. Well and.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"Gonna be back in the mid fifties for highs Friday and Saturday. I'm k l I f W b a P. Meteorologist brand Mark 43 degrees in Fort Worth right now. 43 in Dallas and 43 in Devon. Kayla of news and information. Time is now 706. Dallas Mayor Eric Johnson issued a plea to residents who caused delays at the city's vaccination site over the weekend. Johnson says many people showed up uninvited and others shared appointment times with people who did not yet qualified to get a shot. What you were doing inadvertently Is causing delays for everyone else who's supposed to be in line, So I want everyone out there and I say this with love to think about your neighbors. Johnson says the city will work to get in improve scheduling system. He says the only people showing up should be invited by the city based on the county's registration site. It will be the largest drive thru Cove in 19 vaccination clinic in the state of Texas and Texas Motor Speedway in Denton County. And our Clayton level is out there right now, as they're getting ready. The Wave the green flag and start the procession. Good morning. Clayton gave good morning. That's right. The sun just starting to come up over Texas Motor Speedway here and they thought is that this place is gonna live up to its name. Not only will it be the biggest Facility in Texas for drive throughs, But this is also expected to be the fastest I spoke with didn't county judge and the beads and he said that the estimated wait time is about 30 minutes. And that includes the 15 minutes that you have to wait after you get your shot administer to be observed. So this is Dr through only they're expecting to get out 10,000 shots per day. Get in county received just over 30,000 shots for this weekly shipment s. Oh, they're going to take a big chunk out of the just over 100,000 registrations that they have here with these 30,000 over the next few days. 10,000 per day quite a bit. We're already seeing people line up here seems to be a smooth operation just so far, but things were just getting started. They've suggested that those were getting their vaccine should be able to take a lap around the speedway. There just a second shot for the victory lap, But they are doing 1st and 2nd shots here, so Yeah, well, I expect that in a couple weeks, all right, we'll talk with you again a little bit. There's click Nevel. Out of Texas Motor Speedway for worse. 49th May Fest Festival has been canceled yet again this year due to Cove in 19. Elizabeth Basham, executive director at Trinity Collaborative Inc. Says this difficult decision was made with great care and deliberation. After numerous meetings with public health officials, she says at this time, a gathering as largest may fest negates the efforts to minimize the effects of covert 19. We will be doing a virtual may pass, so please keep a lookout on our Facebook page at May pass. FW, and so you'll be able to enjoy May fast in the comfort of your home plans are underway for a bigger festival next year for the 50th anniversary. Cat ones I, er K l I F News, Texas Governor Greg Abbott delivered the 2021 State of the state address last evening, he touched on a number of topics that will be considered emergency items. This legislative session. Election integrity is one of them. We must have trust and confidence in the outcome of our elections. That is why election integrity? Will be an emergency Adam this session. Other emergency items for the legislative session include the expansion of broadband access for everybody preventing cities from de funding police. And bail reform. And if you're wondering why those would be considered emergencies, it's simply because Texas law only requires the Legislature to deal with the creating new budget. That's all The governor can say, Wait, We have an emergency, so you must deal with that. And so that's why these air declared emergency items. All right, let's see what's happening on Wall Street. Now let's get a business update from now. Worth Radio Spence McGowan. Morning, Spencer. Good Morning, West Texas Intermediate crude A big technical break out last night 54 96 of Barrel up about a dollar 30. The Dow's up 232 points in pre market trading 30,300 0 all the reddit bandits moved from game Stop. It was down $100 yesterday down almost 100 pre market trading, setting a weekly low here and they went into silver. Well, silver ran over 30. Now it's back down under 28 down about 5% this morning. They don't have enough money to run. Silver. Oh, I'm supposed to Macau and President McGowan Group net worth radio dot com. President Biden has a fresh pen and I guess he's worked out his hand cramp because he's gonna be back too. Signing emergency or other executive orders today, including one involving the border and immigration, and we will get more on that from Rachel Sutherland in Washington. In just a few minutes. Right now. The K l I f News times, 7 11. Ah, year later, the.
WBAP 820AM
"mcgowan group" Discussed on WBAP 820AM
"America's largest selection shop classic Chevrolet calm Find new roads based on 2020 million registrations. I'm meteorologist Brad Martin. And then over to the weather Center. We're gonna be clearing, windy and the little cooler and was yesterday 51 for the high Today winds out of the North 15 to 20 occasionally dusty close tonight as the winds die off 28 30. Partly cloudy continued cool 52 tomorrow 62 on Friday different kind of weekend ahead. We're gonna warm up to maybe 70 with dusty Southwest winds Saturday. Cool off a bit Sunday, right now at W b a P. 40 degrees. News brought to you by nations Pure water systems as Americans continue to wait on registration list for covert 19 vaccinations. President Biting is outlining changes expected to ramp up inoculations nationwide. Correspondent Grenouille Scott First the president says more vaccine will be sent out to states up to 10 million doses. He also promises to be straight with states on how much vaccine there is, he says that first will require securing more of it will soon be able to confirm Purchase of an additional 100 billion doses for each of the two FDA authorized vaccine. Fizer and Moderna President Biden says securing the doses and giving the shots will take months. Until then, it's masks that will be the best way to slow Cove. It's spread. Colonel Scott Fox News. CVS Pharmacy has administered almost 90% of covert 19 vaccines to all assisted living and other long term care facilities in taxes. Stephen Love, president and CEO of the D FW Hospital Council, says this means vaccine availability for Texans is on the rise in thankful for the vaccine, and we want to get it out as soon as possible. In the meantime, please wear masks, physical distance. Watch your hands. We still got a long way to go to achieve. Herd immunity. He hopes the single dose vaccination will get authorization soon because it will help speed up the process. Now we'll check on Texas business sponsored by the law Office of Nickname. If you're Spencer McGowan from network radio will home prices rose 11% over the past year. Who would have predicted that? Well, one of the primary drivers low interest rates. 10 year Treasury sets the mortgage rate. It's just 1.2% the Dow down 262 points to start the day at 30,600, West Texas Intermediate crude 50 to 61. And durable goods orders up eight months in a row. I'm Spencer McGowan President McGowan Group. Net worth radio dot com From the W B A P News desk. I'm Nicola say your next update is at 8 24 7 coverage.
WBAP 820AM
"mcgowan group" Discussed on WBAP 820AM
"Nickname. If here spend summer Gallon from network radio. Well, inflation returned this morning 0.4% for the past month that would annual eyes that 5%. Target Declaring retail mastery. Same store sales up over 17% KB Home announces earnings 20% above expectations The Dow at the current moment down about 85 points that's poised open below 30,900, West Texas Intermediate crude still on a roll 53 45 a barrel Spots in Macau and President McGowan Group network radio dot com. From the W B A P News desk. I'm Nicolo say your next update is at 8 24 7 coverage at WB ap dot com. There's a sign in the way of, says University of Texas winning tradition shall not be entrusted The timid nor the week. We need someone that was battle tested someone that understood what University of Texas is someone that understood that we are about winning championships. University of Texas athletic director Krystle Connie. Introducing seeds, turkeys and as the new head football coach of the Longhorns yesterday, down in Austin. Good morning from our Mercedes Benz of Plano Sports desk. I'm Steve Lamb, sir, Keys and hits the ground running because he knows there's an awful lot of work to do. Trying to put Texas back on the map in college football. He's been a head coach before was at Washington and USC after that, just leaving his latest opposite the offensive coordinator at Alabama pricey my mantra. This work will be all gas and no breaks. We will go to it. Full fledged will lay down on the hammer and go get it. Gas and no brakes. That's there. New way They're going down the road at Texas with 46 year old Steve Sarkeesian stars have more players than anybody else in the NHL dealing with covert 19 goalie Anton Khudobin telling you what it's been like for him dealing with coronavirus. Whatever eating you just don't feel What you eating, like using must potato. You don't know reefs, mashed potato. You're eating whatever. You don't know where he eating. To be honest, I mean, like you know what eating but you can taste the charge. You're supposed to begin the new NHL season tonight in Tampa Bay, but that's been postponed because of all the players they've got. Speaking of the NHL man scape, the leading brand and men's below the waist grooming and hygiene, has announced a partnership with another team. Last year, they signed with the L A Kings and now they haven't on ice presence with the Montreal Canadians that says they're committed to helping grow the sport of hockey and helping take their brand to the next level. This product range includes precision precision, Steve Steve is trying so hard not to lose in. There he goes there he goes right there, You know. What do you like Bigfoot? Go see these guys. They have precision engineered tools to ensure a simple and effective manscaping duty. Okay? He just wanted to say manscaping on the air. I think I think that only matters every thought I would say of the here Stop it. I think that only matters if their uniforms air clear. Cellophane uniforms. Otherwise, who cares if they're manscaping? Thank you, Steve. That's your sports feed, black eyed work or at home connected. Listen online on your smart speaker or by our W B. A. B F Now morning use with Al J and Brian Estrich on Newstalk.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"Intelligence. We're making great decisions in the year ahead. This week's program titled The January Effect, I'm Spencer McCowen President McGowan Group, joined by co host Alex to lean, head of client development of McGowan Group Asset Management. A team of nine. The team that cares and having navigated the pandemic, looking forward to the year ahead. But the January effect tells us something will explain what the January effect is and what the impact was from this week. What perform best in the first week of trading. We'll get to that. Alex, what else we got? Yeah. What does that tell us? What are the most likely policy changes? And potential tax all changes. They're coming with the new administration. Well, and what are the forecast for 2021? We'll get to that in the charts. And what else we're gonna cover. How does this this week? Change the outlook for, um for markets. Well. I've got a couple of I got a couple of numbers go to the Trader's Almanac for that, right? Like the first day they say the first six days of trading forecast the here and that right? Yes, now. That can get you into trouble because it doesn't always work right? It's about two thirds effective for for trends. The Dow Up about 1%, the S and P about 1.5 Russell 2000 Small stock index was up 6%. Medical was up 3% for the week. That's pretty good week. I'm glad if you do that every week for 52 weeks, then it's pretty good. Um, pipelines up 8% for the week. And AH, West Texas Intermediate crude 51 50 a big week they're Saudi cutback of a million and production per day. The good news is three U. S. Is actually capable of delivering Maura with the differential I got to say about that is is I don't think I could drive 55. Right. Oh, okay. No. Van Halen Reference. Yeah, that was Nixon invented that by the way for the 55. Yeah, to save on fuel. Yeah, And then he made us all companies sell oil at six a barrel when the world price was 30. I want to interject here just for a second. That was that was over regulation. This is this is the What the The beginning of 2021. You've been on the air for how long? Oh, February next month will mark Ah, that will be 20 years 20 years. So we're starting our 21st year of network radio. Congratulations. Hey, thank you so much. We'll declare the anniversary now. Okay? Because You know, I think I had to do the audition in January. They want to make sure that I wouldn't get embarrassed on. Okay. So when the program started, all right. Ah, lot of the format. Um, I I did not like what I was hearing. Especially on the weekends right there, Except for Ed Wallace. He's one of the best is really so, um, and you can't get news. You know, on the weekends like you go to CNBC. And they're doing reruns about, you know, bizarre estates and like that, And and so when you're in your car on the weekends, you know, do stuff to get any good news content. Right? So I just said well Financial news. And that turned into the market reports and what I noticed is it was great because clients would listen. Say what the heck is going on right? Washington takes a hard dramatic left turn this week. Chaos and the Dow just dances at 31,000. So we'll get to, you know, we get to dissect that, but a lot of the programs were call ins, okay? So I was going to follow that format. I've only taken one call and other than an interview, right, right. This is what made me decide. If I'm gonna have somebody on the program. They have to be a neck spurt and an expert that adds value for us as a Zbigniew leader as an analyst. Right? Um, those air that was the devotion and here's where it came from. So I had this high powered C p A on I'm all excited. First guest, okay? We're going through really The high end of tax law on tax law changes right to get to that subject. Briefly. We're about see corporate taxes go from 21% to 28% is what Goldman said. And tax everybody that makes over 400 whole lot because they're evil. Right? Those are the two policy changes. Goldman forecasts. Um, in this case, um The first guest was the C E P A. And we wanted a high level conversation. Right? So we're going over the tax law changes at the time 20 years ago. And techniques for lowering your taxes causes in the fourth quarter sometime, and so we decided to take a call right Lady calls and says Do I need to file a return if I only made three grant? Mm this last year. And You know. So the C p A is like, Well, yeah, they might not even care. E mean, you know what I mean? She had a genuine question, and that was good. What it made me determine is it's not worth it, right? Yeah. If you're gonna have somebody on you want to have somebody that adds value right off the bat. And just if you're listening to this point of fact It is ah, Khelil not to file Okay, you have to file it's not he leave. He can't pay. You could work. Some of the I R s That's not illegal, but it's illegal to actually not file. Okay, so that was it was okay. So 20 years later, we answer the first question. Okay? And then the first long play interview was was a guy that ran the world's largest aluminum recycler. Removing okay and he had prepared like 200 pages of aluminum smelting. Briefing. Yeah, and read the thing. He read it. He read it. It took us all night to add it. I've never edited another interview. Umm I just noted, interrupt if it's not going too good direction. If me is a businessman, if if I'm if I don't like it, I'm going somewhere else. Right? And so that was that was a key, All right. So Washington takes a dramatic left. Turn, right. We saw that. Yep. Okay. And policy changes. We don't know yet. We do know from Goldman. At $4 Trillion infrastructure package because they're going to get the investment banking business that right? That's gonna be huge. Now what that does it, You know the U. S debt approaching 30 trillion The balance sheet of the Fed essentially will double by the time they get done with this. And then that that sets the stage for 2022. Yeah. Goldman's phrase was they're unlikely to do anything to disrupt the current recovery. Until 2022 s so later in the year, it's gonna be important to stay tuned and one of the things that you know, in terms of the safety waiting. We're gonna adjust that. The dangers ahead during the year. That being said. I've made the case for 20% potential year old statement. But you know that's the backdrop. I think right now for 2021, particularly the first half. Is actually very favorable. Very You know, a lot of stimulus that we we already had the additional 17 to 20% money supply increase. We got vaccines on the way. Um, you have pent up demand. All that stuff says Hey, we're likely to have a pretty good 2021. What does it look like going into 2022? Yep. Is a different story. I talked to four octogenarians that have already been vaccinated this week. Clients. All right, right and Also talked to some people in their seventies and they're wondering how to get it. And Papa Dean, he went and got it it Market street pharmacy and play. No, hey, already got his. So there'll be a line out the door, right? Right. So that's anyway. But that Z good news. Even though we're in the midst of 130,000 people a day getting admitted to the hospital, um the flu season usually picks it 60,000 just to put it in context.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"Intelligence. We're making great decisions in the year ahead. This week's program titled The January Effect, I'm Spencer McCowen President McGowan Group, joined by co host Alex to lean, head of client development of McGowan Group Asset Management. A team of nine. The team that cares and having navigated the pandemic, looking forward to the year ahead. But the January effect tells us something will explain what the January effect is and what the impact was from this week. What perform best in the first week of trading. We'll get to that. Alex, what else we got? Yeah. What does that tell us? What are the most likely policy changes? And potential tax law changes. They're coming with the new administration. Well, and what are the forecast for 2021? We'll get to that in the charts. And what else we're gonna cover. How does this this week? Change the outlook for, um for markets. Well, I've got a couple of I got a couple of numbers go to the Trader's Almanac for that, right. Like the first, they say the first six days of trading forecast the year and that right? Yes. Now that can get you into trouble because it doesn't always work right? It's about two thirds effective for for trends. The Dow Up about 1%, the S and P about 1.5. Russell 2000 Small stock index was up. 6% medical was up 3% for the week. That's pretty good week. If you do that, every week for 52 weeks, then it's pretty good. Um, pipelines up 8% for the week. And West Texas Intermediate crude 51 50 a big week there. Ah, Saudi cutback of a million and production per day. The good news is three U. S. Is actually capable of delivering Maura with the differential I got to say about that is is I don't think I could drive 55. Right. Oh, okay. No. Van Halen Reference. Yeah, that was Nixon invented that by the way for the 55. Yeah, to save on fuel. Yeah, And then he made us all companies sell oil at six a barrel when the world price was 30. I want to interject here just for a second. That was that was over regulation. This is this is the What the The beginning of 2021. You've been on the air for how long? Oh, February next month will mark that. That will be 20 years, 20 years. So we're starting our 21st. Year of network radio. Congratulations. Hey, thank you so much. We'll declare the anniversary now. Okay? Because You know, I think I had to do the audition in January. They want to make sure that I wouldn't get embarrassed on. Okay. So when the program started, all right. Ah, lot of the format. Um I did not like what I was hearing. Especially on the weekends right there, Except for Ed Wallace. He's one of the best There is really so, um and you can't get news. You know, on the weekends like you go to CNBC, and they're doing reruns about, you know, bizarre estates and act like that. And and so when you're in your car on the weekends, you know it was tough to get any good news content. Right? So I just said well Financial news and that turned into the market reports and what I noticed Is it was great because clients would listen. Say what the heck is going on? Right? Washington takes a hard dramatic left turn this week chaos and the Dow just dances at 31,000. So we'll get to you know, we get to Dissect that. But a lot of the programs were call ins. Okay. Uh, so I was gonna follow that format. I've only taken one call in other than an interview, right? This is what made me decide. If I'm gonna have somebody on the program. They have to be a neck spurt and an expert that adds value for us as a Zbigniew leader as an analyst. Right? Um, those air that was the devotion and here's where it came from. So I had this high powered C p A on I'm all excited. First guest, okay? We're going through really The high end of tax law on tax law changes right to get to that subject. Briefly. We're about see corporate taxes go from 21% to 28% is what Goldman said. And tax everybody that makes over 400 whole lot because they're evil. Right? Those are the two policy changes. Goldman forecast. Um, in this case. Um, the first guest was the C E P A. And we wanted a high level conversation. Right? So we're going over the tax law changes at the time 20 years ago. And techniques for lowering your taxes causes in the fourth quarter sometime, and so we decided to take a call right Lady calls in, says Do I need to file a return? If I only made three grand, Hmm this last year. And You know. So the C p A is like, Well, uh, yeah, they might not even care E mean, you know, I mean, she had a genuine question, and that was good. But what it made me determine is it's not worth it, right? Yeah. If you're gonna have somebody on you want to have somebody that adds value right off the bat. And just if you're listening to this point of fact It is ah, Khelil not to file Okay, you have to file it's not Healy, if you can't pay, Yeah, you could work. Some of the I R s That's not illegal, but it's illegal to actually not file. Okay, so that was okay. So 20 years later, we answer the first question. Okay? And then the first long play interview was was a guy that ran the world's largest aluminum recycler. Removing okay and he had prepared like 200 pages of aluminum smelting. Briefing. Yeah, and read the thing. He read it. He read it. It took us all night to add it. I've never edited another interview. Umm I just noted, interrupt if it's not going too good direction. If me is a businessman, if if I'm if I don't like it, I'm going somewhere else. Right? And so that was that was a key, All right. So Washington takes a dramatic left. Turn, right. We saw that. Yep. Okay. And policy changes. We don't know yet. We do know from Goldman. $4 trillion infrastructure package because they're going to get the investment banking business, right? That's gonna be huge. Now what that does it, You know the U. S debt approaching 30 trillion The balance sheet of the Fed essentially will double by the time they get done with this, and then that that sets the stage for 2022. Goldman's phrase was they're unlikely to do anything to disrupt the current recovery. Until 2022 s so later in the year, it's gonna be important to stay tuned and one of the things that you know, in terms of the safety waiting. We're gonna adjust that. For the dangers ahead during the year. That being said. I've made the case for 20% potential year old statement. But you know it's the backdrop. I think right now for 2021, particularly the first half. Is actually very favorable. Very You know, a lot of stimulus. That's way we've already had the additional 17 to 20% money supply increase. We got vaccines on the way. Me have pent up demand. All that stuff says Hey, we're likely to have a pretty good 2021. What does it look like going into 2022? Yep. Is a different story. I talked to four octogenarians that have already been vaccinated this week. Clients. All right, right and Also talked to some people in their seventies and they're wondering.
KLIF 570 AM
"mcgowan group" Discussed on KLIF 570 AM
"McGowan Group, joined by co host Alex to lean head of client development. An excellent technical trader, a market maker from the 19 nineties who's come over to the good side fiduciary side of the business. All right, Alex. What's the first headline that you want to cover Vaccine round? Ah, What does that mean? By the way, means all Americans vaccinated by late June or at least most of us, right? I think you just don't want to do that. Um, but, uh, what does that mean for markets? I think this is gonna be a pretty big positive. I think that's why the markets surprising it and now they built it in really fast. He did groups not so fast. That may be the beginning. Point of 2021. Yes. All right, so White House coronavirus Testing's Our admiral Bret Jura. I have. Ah, I have a cousin named is every wall. Is that really how you pronounce it? Yeah, it's actually a a nephew. Nephew in law. I guess your wa Is the way his way say that all Americans be inoculated. By late June. And the reason I called it Vaccine round up is that South Park episode where the parents were objecting, and so they corralled the kids buy it. My cattle? Yeah, all there all the all the parents in South Park. It told him don't get vaccinated, So they had to round them up and then stick him and they're they're running around this big corral vaccine after okay? 20 million vaccines by the first week in January. That's now okay. Another 30 million the rest of January 50 million in February. Wow! You got that adds up pretty quick. Ah, and then 100 million down the list. But we've had clients had told us. Hey, they already heard from CVS. Come get it. Wow. Right. They did an age sword and said, OK, you're entitled to be in this round and we get paid a lot of money by the government. So yeah, that Z, underscoring the value of Medical and dividends, right? There won't be transparency in that pricing rehab. You race. Yeah, That's why the covert death rate has been questioned by some. Yeah, yeah. All right now, price of your house, Alex. Up 8.4%. They spiked the highest since 2014 all the just think it's funny. How they came up with a date. You know? Spiked higher than it did last week. I don't know. I mean, this was well the highest the highest home appreciation. You know the trend being if you have to stay home might as well Have a nice best there, right? You're not going to go on a cruise. So you're gonna probably upgrade the house. You got money burning a hole in your pocket because you're not going on the cruise. Okay, so the top trends this is in the charts and graphs. On it relates to the housing directly to the housing The 10 Year Treasury this week a 100.94% Right? Yeah. So that's that's half of where? Ah, essentially, it started the year right, But zero is the new money market. T bills or 0.7, right? So if somebody wanted to do better than a money market, we put it in or non managed account. They can roll T bills. Right matures. And Yeah, we can. We can do that. But that's 0.7. For most people. It's not worth the trouble. Rather have it. Liquid in case of bargain shows up Ah and One of the bargain categories. The floating rate loan funds are still providing above 3% with limited duration risk, right, so the and limited duration risking really no interest rate risk. So if you get a a move in in the rate Have some inflation or something moves on on the short end, although I think they do pretty good job, a Cuban and down for a while. Yeah, the rate recess. You get paid more. Well, let's let's let's talk about that. Okay. The danger is a credit freeze happened in 2015, Okay? Happened in 2000 and eight so therefore are added value is if you hold the floating rate loan funds into managed account if they dropped by more than 3%. That's the yield So we just get out because that's the canary in the coal mine for the credit markets, and we saw that in February that led us that provided cash. To add to the best global high yield the best medical dividends during the pandemic during the shutdown, right second quarter All right. There is a huge frenzy and we're going to go through some of the pricings of these companies. It is an I P o frenzy. That's an initial public offering the investment bankers groom accompany so they can sell it into the market so they can offer you shares right. They did it with Facebook. And Facebook turned out to be good. But it took 18 months for Facebook to actually get back to it. Its price as it is a face plant and then Facebook. Yes. So on the I P o frenzy. Have you got it in front of you? Yeah, I'm I'm I'm pulling it up. Okay? I'm going down the list that I show, weren't you there? No, I got a bigger so here if we, uh if we take the 20 biggest I pose Who who are the top? Who are the top Ah, I pose Or yeah, for the list. At 10. I pose in 2020 and what we do that Okay? Warner Music group. Hey, W M G deal size was 1.93 billion, Okay, It's 143 times. Earnings. Yeah, just saying us market cap Now is some of 17 billion. Yep. And Wow. Yeah. Lee Otto. As China. China China. Yes. Did you know Lee Ottos never made money? I'm not surprised. Never they? Yeah, Their losses hit minus 41 cents per share. And 2019. That was a record loss for him. So they took it public and 2020 OK, every time snowflake. Snowflake. Yeah, that's a big one. Deal size 3.36 billion Current market cap. 93 billion, Okay, I wanted to cover how much money snowflake makes. Okay. Okay, Snowflake, Um The reason I think they went public is they were able to double their laws from 2019. They lost 64 cents. Ah, and at the height of insanity here in the high post. They sold snowflake into the market. Ah, at a,.
Ernie Brown
The Oil Market Is Getting More Dangerous
"Is a warning for emerging market investors the Argentinian national oil company traded to fifty two week lows in. The first half of two thousand eighteen, despite the rally in oil prices though shares falling over twenty two, percents since the beginning, of the year why p._f. it hits seventy dollars in two thousand five and fell to ten dollars concurrent with nationalization of fifty one percent of the argentinian oil company christina fernandez de kirchner simply filed an s._e._c. form it took over half the company stock later rallied to forty dollars and now below twenty dollars stands as a warning not all emerging market investments will turn out well i'm spectrum mcgowan president mcgowan group net worth radio dot com news information time is seven oh five let's get a look at your k._l._i._f..