MM #266: Target Boycott, Trump’s “Big Beautiful Bill,” Tesla Turmoil & Major Crypto Moves — w/ Jamal Bryant

Summary

Market Mondays Episode #266: Target Boycott, Trump’s “Big Beautiful Bill,” Tesla Turmoil & Major Crypto Moves — Featuring Jamal Bryant

Release Date: July 8, 2025 | Host: EYL Network with Ian Dunlap

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Introduction

In this dynamic episode of Market Mondays, Ian Dunlap and Rashad Bilal delve deep into a spectrum of pressing financial and political topics impacting the stock market and broader economic landscape. The conversation is enriched by the presence of Pastor Jamal Bryant, a key figure in the Target boycott movement, bringing a unique perspective on economic empowerment and corporate accountability.

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1. Elon Musk's Political Ventures and Tesla’s Turbulence

The episode kicks off with a heated discussion around Elon Musk’s recent foray into politics, specifically his attempt to establish a new political party, dubbed the "America Party."

• Elon Musk's Political Ambitions: Pastor Jamal Bryant highlights Musk's discontent with the current two-party system, leading him to initiate a third party. This move, however, has not been well-received by former President Donald Trump, who took to Truth Social to publicly criticize Musk, calling his actions a "train wreck" (11:17).

• Impact on Tesla: Ian Dunlap analyzes the immediate repercussions, noting a significant drop in Tesla's stock price by 21%, citing Bloomberg's warning that the board may need to reconsider Musk’s role as CEO (08:38). Dunlap urges Musk to focus on his other ventures like Starlink and SpaceX to mitigate the fallout from political distractions.

  "Whenever two like megalomaniacs get into a war, there's going to be one winner and one loser." — Ian Dunlap 11:22

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2. The Big Beautiful Bill and Economic Implications

The conversation shifts to the recently passed Big Beautiful Bill, a substantial legislative package with far-reaching economic consequences.

• Bill Overview: Pastor Jamal Bryant criticizes the bill for adding $2 trillion to the national debt over the next decade without achieving meaningful budget cuts. The bill includes a $700 billion annual increase in military spending and permanent corporate tax cuts, exacerbating fiscal irresponsibility (08:32).

• Economic Impact: Ian Dunlap emphasizes the unsustainable nature of the bill, highlighting that both Democratic and Republican approaches have failed to address the debt-to-GDP ratio effectively. He warns of heightened government spending without corresponding revenue increases, leading to long-term economic instability (46:29).

  "Do you think that the proposed party has presidential aspirations or is he doing it to just be disruptive?" — Rashad Bilal 11:47

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3. Cryptocurrency: Sustained Growth and Institutional Adoption

A significant portion of the episode is dedicated to the booming cryptocurrency market, particularly focusing on Bitcoin and Ethereum.

• Bitcoin’s Long-Term Strategy: Ian Dunlap advocates for a 10-year hold strategy, underscoring Bitcoin's substantial growth over the past decade. He points out that long-term holding can mitigate short-term volatility and capitalize on compound growth (27:25).

  "Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment." — Rashad Bilal 07:16

• Ethereum's Institutional Interest: Rashad Bilal highlights Ethereum's impressive 1,200-dollar increase over three months and its adoption by major Wall Street firms like BlackRock and Goldman Sachs. The discussion underscores Ethereum's role as a foundational platform for decentralized applications and financial infrastructure (33:45).

  "I think it's going to have success, but it's not going to have the success of Bitcoin." — Ian Dunlap 34:24

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4. Palantir: The Next Tech Giant?

Palantir's meteoric rise is analyzed as a potential new leader in the tech sector.

• Stock Performance: Pastor Jamal Bryant notes Palantir's 78% year-to-date increase and a new $795 million federal contract, positioning it as a formidable player in defense AI (50:33).

• Comparison to Tesla and Nvidia: Ian Dunlap compares Palantir’s trajectory to that of Tesla, suggesting that although it may not reach Nvidia’s unparalleled returns, Palantir has the potential to become a significant tech titan (53:14).

  "They've done this tremendous job. Maybe not the new Nvidia, but I do think they are the new Tesla." — Ian Dunlap 51:10

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5. Target Boycott: Economic Empowerment Through Consumer Action

Pastor Jamal Bryant leads an in-depth discussion on the organized boycott against Target, aiming to hold the corporation accountable for its DEI (Diversity, Equity, and Inclusion) commitments.

• Reasons for the Boycott: Target initially committed $2 billion to invest in black businesses post-George Floyd’s killing. However, following Donald Trump’s inauguration, Target retracted these commitments, prompting the boycott. Key demands include investment in black banks, partnerships with HBCUs (Historically Black Colleges and Universities), and honoring original DEI pledges (67:08).

  "I'm embarrassed that this is the largest boycott for Black people in 70 years since the Montgomery bus boycott." — David Banner 68:00

• Impact and Future Targets: The boycott has significantly impacted Target’s financials, with a $12 billion drop in valuation and a 7.9% decrease in foot traffic. The next target identified is Dollar General, aiming to address part-time employment and lack of benefits in rural areas (76:08).

  "We have to figure out how we build ourselves up. [...] Our head is not in the sand." — David Banner 80:38

• Strategies for Economic Empowerment: The discussion emphasizes supporting black-owned businesses, providing financial resources, and strategic consumerism to drive meaningful change rather than just boycotting.

  "The black church is an economic incubator that is a sleeping giant." — David Banner 86:55

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6. Invest Fest: Promoting Financial Literacy and Economic Empowerment

The episode concludes with promotion and discussion of Invest Fest, an upcoming event focused on financial education and community building.

• Event Details: Invest Fest in Atlanta features workshops, panels, and networking opportunities aimed at fostering entrepreneurship and investment strategies within the black community (42:08).

• Pastor Jamal Bryant’s Vision: He envisions expanding the role of the black church as economic incubators, developing projects like senior housing and mini-homes to support intergenerational wealth and community resilience (85:56).

  "Economic empowerment for black people is a revolutionary act." — David Banner 107:41

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Conclusion

Market Mondays Episode #266 offers a comprehensive analysis of critical economic and political developments affecting the stock market and black economic empowerment. From Elon Musk’s political ambitions and Tesla’s stock volatility to the strategic Target boycott and the promising growth of cryptocurrencies, the episode provides valuable insights for investors and community leaders alike. Pastor Jamal Bryant’s contributions highlight the intersection of faith, economics, and activism, underscoring the importance of strategic consumerism and community investment.

Notable Quotes:

• "Whenever two like megalomaniacs get into a war, there's going to be one winner and one loser." — Ian Dunlap [11:22]
• "I think it's going to have success, but it's not going to have the success of Bitcoin." — Ian Dunlap [34:24]
• "Economic empowerment for black people is a revolutionary act." — David Banner [107:41]

Join the Conversation:

Stay informed and empowered by tuning into future episodes of Market Mondays. For more insights and to participate in upcoming events like Invest Fest, visit EYL Network’s website or join their live discussions on various platforms.

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This summary encapsulates the key discussions and insights from Market Mondays Episode #266, providing a comprehensive overview for those who want to stay informed without listening to the full podcast.

Transcript

[Rashad Bilal]

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[Rashad Bilal]

Yo yo, we here.

[Ian Dunlap]

We are live.

[Rashad Bilal]

Happy Monday.

[Ian Dunlap]

Happy Monday. I have to come back to work. No more AI Me.

[Rashad Bilal]

The real me. We doing live stream videos this time for sure. We're gonna. We might just drive through the town just because do Market Monday's live in the car. You know what I'm saying? Anybody try to run up, it's all love.

[Ian Dunlap]

What did I miss?

[Rashad Bilal]

You get folded.

[Ian Dunlap]

Shout out to the boy.

[Rashad Bilal]

Yeah, man, what did I miss, man? What did I miss? Everybody had a healthy weekend, an enjoyable weekend. Had some, some food, some fireworks. If you did that, hopefully you did it safely. And now we back, man. The market's open. It was, it was closed on Friday, closed a little early on Thursday. So we got a little bit of time, but we back, man. More, more, more stuff to talk about. They, they don't miss a beat. These, these guys these days, these politicians and these tech execs give you a lot. And the America party, we're gonna get to that.

[Ian Dunlap]

What are you doing, my boy?

[Rashad Bilal]

We're gonna get to that.

[Ian Dunlap]

Yeah.

[Pastor Jamal Bryant]

Yes, sir. Well, I'll tell you what. We got a lot to talk about so we're not gonna waste too much time. But then we have a special guest to passage, Jamal Bryant.

[Rashad Bilal]

Yeah.

[Pastor Jamal Bryant]

But Connecticut, we will be in the building July 19th shout out to mix master David and the whole crew. So get your tickets at. Elevate and celebrate events dot com. Elevate. Elevate and celebrate events dot com. Connecticut. It's our last time being in Connecticut this year.

[Rashad Bilal]

Yeah.

[Pastor Jamal Bryant]

We will be there, you know, doing what we do as far as spreading the message of financial literacy. You know, meet and greet vibes, the whole, the whole array. And it's a, it's, it's a whole, you know, culturally event. So get your tickets.

[Ian Dunlap]

Yeah, y' all going to God. Okay. August Invest festival. What y' all doing?

[Pastor Jamal Bryant]

You never know. Shelton, Connecticut. Yeah, Shelton, Connecticut.

[Rashad Bilal]

Shout out to Connecticut, man. They show love. They show, they show a lot of, you know, it's like a place that if you're on a tour, a lot of people don't make a toy stop in Connecticut. And so when people actually come to the different cities, they always come out in droves and they always showed up, man. Shout out to ct. Shout out to ct. Yeah, A lot of us out there eating.

[Pastor Jamal Bryant]

Yeah, yeah. Oh, and, and, and we actually. There's a giveaway too, so 10 tickets for that event. For that CT event. The first 10 people that DM elevate and celebrate events. If you DM them, eyl, they'll give you 10 tickets. So shout out to them, the first 10 people that DM elevate and Celebrate events. DM them eyo and you will get free ticket to that event. So shout out to all the good folks at Shelton, Connecticut.

[Rashad Bilal]

Yeah, for sure.

[Pastor Jamal Bryant]

This. We got blackout at 10 o' clock on Wednesday and we have David Banner as a guest on Earn your leisure this week. At six o' clock on Thursday, shout out to David.

[Ian Dunlap]

Time, right?

[Pastor Jamal Bryant]

First time.

[Rashad Bilal]

First time. First time. For real.

[Pastor Jamal Bryant]

He did, he did, he did Ash Cash's show.

[Ian Dunlap]

Okay.

[Rashad Bilal]

And he was, he was at Invest Fest.

[Pastor Jamal Bryant]

Yeah, but that's the first time we actually sat down with him.

[Ian Dunlap]

So.

[Rashad Bilal]

Yeah, we've been around him a bunch though.

[Ian Dunlap]

He a good dude. Joe, one of my favorite people on earth.

[Rashad Bilal]

Super, super soft, passionate, super intelligent, bunch of wisdom.

[Ian Dunlap]

Yep.

[Rashad Bilal]

Yeah, yeah.

[Pastor Jamal Bryant]

Good dude. Good dude. Ian, any announcements?

[Ian Dunlap]

Yes. Apple top executive in charge of AI models got stolen from Meta today. Shots of Mark, Mark Zuckerberg and all of Meta. Apple, what are you gonna do if I made you money? Please put yes in chat. Zuckerberg, writing checks like keep Meta on your radar. And it got the other glasses coming out end of the year.

[Rashad Bilal]

Oh, baby, yeah.

[Ian Dunlap]

Mid roll.

[Pastor Jamal Bryant]

Shout out to the good folks in Nike. I spoke to the elite Nike elite team today. Spoke to the young man about nil and making good decisions. It comes to the money that they're going to be coming into very, very soon, whether it be in college or whether it be in the NBA. So that's Important. You know, a lot of these. These guys are getting a lot of money.

[Ian Dunlap]

A lot of money, brother.

[Pastor Jamal Bryant]

And they might not even be household names. And they getting 5, 500,000, 700,000 elite players getting 2, $3 million per season. Per season. I just saw yesterday on the hill, I saw Boogie Flynn, they say, say three million dollar nil deal to stay in August. No, he's going to Florida.

[Rashad Bilal]

He left.

[Ian Dunlap]

Yeah, going to Florida.

[Pastor Jamal Bryant]

In Florida.

[Rashad Bilal]

So national chance, man.

[Pastor Jamal Bryant]

This, this, this, this nil money.

[Ian Dunlap]

We're not even gonna talk about this. Shout out to Devin Booker, who picked up. That's 75 a year, KD.

[Rashad Bilal]

Yeah. Apollo just got 253.

[Pastor Jamal Bryant]

Gilchrist. $70 million a year.

[Rashad Bilal]

Yeah. Legendary. So you know what's crazy? And this is overtime. Shout out to Overtime Ali out in Atlanta. Our. Our guest who was with us at the Overtime Elite, Bryson. He's. He made the. The Miami Heat summer league team. Oh, yeah, I was watching him play.

[Pastor Jamal Bryant]

Shout out to Bryson, man.

[Rashad Bilal]

Yeah, Bryson Warren, man. Shout out to him. He was. It was crazy. He's a point guard now and they were talking about how he was a. The player of the year in Arkansas and how he, you know, has developed into a solid player. And I was looking like, damn, man, that was him.

[Ian Dunlap]

You know what made me feel old watching G. I mean, the summer league, Jir Nelson's son playing shout out to Nelson Jr. I remember when he was little and a. I'm like, wait, he's in the NBA? Ish. Call me like, yo, he. I'm like, Thomas flying. So shout out to all of y'.

[Rashad Bilal]

All.

[Ian Dunlap]

Hooping, getting y' all big contracts. Invest in the market.

[Rashad Bilal]

We've been. Yeah, we've been watching the basketball a long time.

[Ian Dunlap]

Long time, bro.

[Rashad Bilal]

Rick Brunson was a point guard at Temple for real before he was Jalen's dad that long.

[Pastor Jamal Bryant]

Troy, disclaimer.

[Rashad Bilal]

Yeah, y' all know how this works, man. Continue to do your research. Shout out to everybody that is doing the research and sharing the research. We appreciate you greatly. Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise. Continue to do the research. Like I said, share it when it's great, your credit where it's due. Let's build Wealth. Let's build our brokerage accounts. Let's build our community. Let's do it together. Let's love is love. And shout out. I want to give a shout out, shout out to all the young people who have graduated from either college or high school.

[Ian Dunlap]

Absolutely.

[Rashad Bilal]

I'm not stopped in somebody. They're always talking about their brokerage accounts. I had a bunch of high school students over the weekend that were interested. I actually had a phone call today with somebody that was just trying to open up a brokerage account. They, they, they're in their dorm room now. They, they. He's about to play ball. So he's, you know, doing summer school and is interested in opening his brokerage account. That's super inspiring. And man, the fact that they're doing that at such a young age just tells me where we're headed with this. So shout out to them.

[Pastor Jamal Bryant]

That's a fact. All right, let's get into it. So we're gonna talk about a lot. Let's talk about Elon Musk. Start off the program.

[Rashad Bilal]

Oh boy.

[Pastor Jamal Bryant]

Have to over the weekend started a new political party. I think it's called the American Party, the America Party. So third party. There's been a bunch of third parties in the past. Green Party, different things that nature. But he, he wants to start a new political party. He's unhappy with Republicans and Democrats. Donald Trump responded, truth social. You know, long. I'm not gonna read all of it, but long form. The first sentence was I'm saddened to watch Elon Musk go completely off the rails, essentially becoming a train wreck. Train wreck in all caps over the past five weeks. He even wants to start a third political party despite the fact that they have never succeeded in the United States of America. The system seems not designed for them. And then Elon responded, well, I'm not even. I'm not reading all that because that's hilarious. A long paragraph. And then, you know, Elon does that and Tesla stock drops 21 today. You know, what would you an investor on Bloomberg saying pretty much saying that at some point the the board may need to reevaluate. Who's the CEO of Tesla.

[Ian Dunlap]

Hello. Hello. When me and shot to be on the same page, give and go.

[Rashad Bilal]

You add into his comments, I mean his political commentary and to the fact that the big beautiful bill got passed which takes away EV credits it. You could, you could, you could see how today would have been a bad.

[Ian Dunlap]

Day for Tesla or the power of once again to tie into a previous episode of being quiet just because you swung the election one way does not mean that you are going to. First off, you're South African. You're not going to be able to come into this country and make a new party and rig another election for your benefit because you haven't figured out how to properly monetize your EB brand in the United States of America with the consumer base. You overplayed your hand. And this the thing. Whenever two like megalomaniacs, I'm saying this in a positive way, get into a war, there's going to be one winner and one loser. Focus on. And I've been said this, go to chairman of Tesla, Focus on Starlink. That is the star you want to get in these little dumb battles. And here we are.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

The biggest, biggest lesson is to weigh the cost of these wars before you get into them.

[Rashad Bilal]

Do you think that the proposed party has presidential aspirations or is he doing it to just be disruptive? Because, like, from what I, I read, it was more of, hey, we're only focusing on 2 or 3 cent seats a year and we're focusing on 8 to 10 house seats per year. Just enough to make it disruptive so that we can sway votes either way. Did you, did y' all take it as presidential aspiration or just more disruptive play?

[Ian Dunlap]

Presidential delusion. Not to, I'm sorry, but presidential delusion?

[Pastor Jamal Bryant]

How many third party candidates are there in Congress?

[Ian Dunlap]

Hello.

[Rashad Bilal]

See, yeah, but I'm not saying, I'm not saying to, to nominate them. I'm talking to back somebody so that it can get swayed. Right. He's putting that financial, like kind of what he did this year where he put the money behind a candidate and that candidate had obviously. Was it Minnesota? Was it Minnesota?

[Pastor Jamal Bryant]

No, he put money behind Republican, though.

[Rashad Bilal]

So he'd have to create the candidate and then put the money behind it.

[Ian Dunlap]

Left wing, right wing, same bird. Despite. If you've seen Jurassic park, you cannot pick an oceanic creature to run for president and win. The machines that you used last time to help Trump win is not going to work. And you also have to factor in now you have Peter Thiel. This is one of the costs that Apple didn't factor in with Meta. Throwing all this money into AI. Not only in creating this party are you making an enemy in Trump, but you're making an enemy in Trump and, and Peter Thiel at the same time. Peter's not an opponent. He has installed the vice president. You think I'm going to let you disrupt my candidate from potentially running the country because you had a kerfuffle with, with your Republican, bro. No, it's over with. This is chess, Rashad. If I call you and I say, yo, you know what, man, I'm tired of you, bro. Can I call you a week before B? I'm like, yo, that slot though, Sunday, can I see?

[Rashad Bilal]

We still good?

[Ian Dunlap]

Yo, can I go on still? I got my, I got the other band from Japan. I'm ready. No, gotta. We have these costs beforehand. You overplayed your hand. Go to be chairman. Focus on Starlink, because that is the real business that I think has the biggest leeway for consumers. Tesla is not it.

[Rashad Bilal]

Stay out of politics.

[Ian Dunlap]

I do have to.

[Pastor Jamal Bryant]

Yvonne Diaz. Send our condolences. Maybe if you send us an email we can, you know, try to see what, what would be possible. I, I will say this once again, going back to discipline. He's overplayed his hand. And that's something that you are going to be punished for it eventually because you're pissing off your number one client, which is the government. Yeah, both sides. I don't understand why he doesn't know that this is not a good idea. If you're just from a fifth grade elementary standpoint, if your number one client is United States government and has been you, you piss off the Democrats and then you pissing off the Republicans. You, you really think that you can keep the level of government contracts that you have by disrespecting both political parties.

[Ian Dunlap]

And Mexico and parts of Europe and you like, you aren't the most loved in South Africa still.

[Pastor Jamal Bryant]

Yeah, he's high. He got to be high. You gotta be high.

[Rashad Bilal]

So it's tricky because client, because of his decision making. I'm talking about in terms of the government being his number one client. They haven't been the number one client in terms of revenue, but what they have done is create initiatives and they've allowed him to do business at a different cost point.

[Pastor Jamal Bryant]

Well, I'm saying his number one client as far as per. If it's an individual or entity that buys products or supplies price on.

[Ian Dunlap]

Oh, he's.

[Pastor Jamal Bryant]

He had. Yeah.

[Rashad Bilal]

So they did 20 billion. That's government contracting. The cards have done more. What I'm saying is.

[Pastor Jamal Bryant]

No, no, but what I'm saying, what I'm saying, a client. I'm saying like a client is this. That's just one entity. So let's say another client might be. Might be a college. Right. Or something like they're. They're his number one client.

[Rashad Bilal]

By singular, yes. By far, yes.

[Pastor Jamal Bryant]

It's not even close.

[Rashad Bilal]

And, and you add into that the initiatives that they're adding, actually signing across so that he can.

[Pastor Jamal Bryant]

Why would you disrespect your number one client? That's just entrepreneurship. You don't have to be a rocket science to figure out you don't disrespect your clients. You definitely don't disrespect your number one client.

[Ian Dunlap]

Yeah.

[Pastor Jamal Bryant]

Why would you do that?

[Ian Dunlap]

Mistake. They're estimated to be at 96.9 billion per year for 2025. So if they brought in 20, that's still a substantial amount.

[Rashad Bilal]

Oh no. Yes. From a singular standpoint that makes sense. And you, you look at the space and, and what that's going to look like for them. Just from the EV standpoint for the Tesla itself, not talking about any other company that he's founded or is potentially going to IPO what Trump just did in, in terms of the bill that was just signed. It's going to affect them in the very near term and maybe into 2026. In terms of that EV space of now we already were losing ground in China. We were already losing seeing sales decline. We already saw that the cyber truck really wasn't what we thought it was going to be. And now we're taking out initiatives for people to actually get the seventy five hundred dollar rebate for buying the car. And depending on what state you live, there was another rebate on top of it which subsidized the pricing. You take all that out of there, that, that P L gonna look a.

[Ian Dunlap]

Little different and Mercedes and BMW and Ford and right now you're going to have the government's pushing for some of these brands to be more dominant because Trump is petty. He's going to offset some of those victories you were having because of the government. It's tough. It is tough. On your weaknesses list when you do a SWOT analysis being into it with the world economic form and the precedent.

[Pastor Jamal Bryant]

Is not advisable and they have competition. Blue Origin, I guess there's different companies that could potentially see what happens. Man. So there's. What does this mean for Tesla stock?

[Ian Dunlap]

It's gonna fall. I would like it at 238.54. Really would love it at 225. But the that 238 level I do like by end of the year should be around a 290, 270 range. But once again I think him and Tim Cook, we're entering a different era of corporate dominance in America and I think their leadership styles just don't fit anymore. I really Think Elon would be best served as going to chairman focusing on Starlink and SpaceX which probably have the return. Have the possibility for giving him higher return in the private and public market and and find another executive. I don't know who but that will be thing number one on my list to find a beloved CEO from Tech to run Tesla to take it to higher heights.

[Rashad Bilal]

Yeah, I think it, like I said there'll be some short term pullback for the rest of this year. I see that going into Q3, finishing up Q3 and Q4 and maybe into 2026. But I don't think it's the collapse of Tesla. I don't think it's a collapse of the EV space. What I do think and even from your experience in what what we saw in Africa and what you were talking about in China, it was like there's going to be a repricing in this entire market for sure when we take out all those initiatives and people stop buying it at that price and we know that they can make it over there for 12 and they make it.

[Ian Dunlap]

Over there and they've already been discounted. Yeah.

[Rashad Bilal]

And you've been discounted it plus rebates. Now it's going to be tough for you to sell it to me for 55 when I know I can get one that is equal quality for for 20. So there's going to be some repricing which now takes it and that was kind of the, the situation they were in a couple years ago. It's like do we stay luxury or do we become economical and be for everybody? Right. Like do we put it at a price point where everybody can buy it or do we try to remain luxury? They went with the latter and said hey, we're going to make it for everybody. Now you lose those rebates, I think they come down there's going to be repricing in the EV space.

[Ian Dunlap]

Mistake. I agree but it's a mistake. I think she because now you can't reinvest into making a better car. Like Rashad talked about his experience in China even in Japan like just some cars just in other countries are just naturally better. And as majority of the companies are going to luxury like Kia Telluride arguably is a better experience than that. Three got to reinvest into the product.

[Pastor Jamal Bryant]

I tell you, I tell you what.

[Ian Dunlap]

I feel like the Telluride is tough.

[Pastor Jamal Bryant]

I feel like.

[Ian Dunlap]

And it's going for 79 grand.

[Pastor Jamal Bryant]

Elon Musk days is numbered when I say his days is numbered as far as him Being a CEO Told you. Tesla and all that, because it's like Casino. If you watch the movie Casino, when Nikki Tarantino. When Nikki Black. His last name. Torrentino. Right. Joe Pesi's character. When he. So he started doing a variety of different things, and he went rogue, pretty much. The mob bosses back in. In Kansas City, they said like, yo, we. They got tired of him. Enough is enough. That. That was the last thing. Enough is enough, man. Like, they liked him. They always liked Nikki. He was one of them. He was Italian. He was a. No, he wasn't a main man. He was. Got killed when he was about to become a made man. They set that up.

[Rashad Bilal]

I thought it was for his brother to be a main man. That's when he got good.

[Pastor Jamal Bryant]

No, it was his. It was his thing.

[Rashad Bilal]

It was gonna make his brother made man. Nikki was me, man. That's why he was protecting Ace.

[Pastor Jamal Bryant]

Well, either way, they got tied up. His nonsense.

[Rashad Bilal]

Exactly.

[Pastor Jamal Bryant]

And they killed him because of that. So there's always bosses. Bosses even. You might not have a boss, but there's other bosses.

[Ian Dunlap]

And when the Berg World Economic Forum.

[Pastor Jamal Bryant]

When the bosses get disgruntled by your erratic behavior, your days are numbered. And Elon. Elon Musk, he's pissing off too many people, and I don't see how he can really come back from this. Honestly, the.

[Rashad Bilal]

The way he comes back for Tesla. And it has to be the robo taxi, like, that's it. So, like, when you're and you kind of mentioned, like, having multiple. We'll have numerous people have the vehicle benefit. The only way that it does benefit is that the robo taxi becomes now something that everybody can do, Right? So, like, I know they were talking about there's upgrades inside the Tesla 3 where you can push the switch. And now it could be robo taxi. So imagine you're sleeping. Your car is working for you, right? If 2 million people have that as an option, like, your car is working while you sleep, or you're at work and your car is working. I mean, they're gonna have to create a platform, which I think why Uber is in a great place for it. But that could be a way where it's like, hey, the number one way to increase revenue is to have the car to do the work.

[Ian Dunlap]

But what you have in those enemies, though, legislatively. When will he hit a roadblock? I. I agree a thousand percent, but if you've pissed off a party that is vindictive, he may have some roadblocks.

[Pastor Jamal Bryant]

That's why I think it's coming. It's coming very, very. And the movie. The movie. Okay. Goodfellas, is when he got killed on his way to a celebration for the made man situation.

[Rashad Bilal]

Oh, yes, yes.

[Pastor Jamal Bryant]

Casino.

[Rashad Bilal]

Yes.

[Pastor Jamal Bryant]

I don't know when they caught him in Casino, but they called him.

[Rashad Bilal]

When they was going to make his brother made man, they brought him into the. In the field.

[Pastor Jamal Bryant]

That's good, fellas.

[Rashad Bilal]

No, no, that's Casino. They beat him with a bat.

[Pastor Jamal Bryant]

Remember Goodfellas? He walks in the room, he's like, oh. Because he thought it was his day. Goodfellas.

[Ian Dunlap]

Listen, they walk into, like, a restaurant or something, right?

[Pastor Jamal Bryant]

Yes.

[Rashad Bilal]

Yeah.

[Pastor Jamal Bryant]

His mom.

[Ian Dunlap]

Yeah, they knew. They lined him up.

[Pastor Jamal Bryant]

He walks in the restaurant, he sees the restaurant empty. He's like, oh, he knew what. He knew what it was. Yeah, that's what that was. That's when he got killed in Goodfellas.

[Rashad Bilal]

Yeah, I'm talking about Casino.

[Pastor Jamal Bryant]

I know, but the whole thing. They was gonna make him a made man.

[Rashad Bilal]

Oh, that. Yeah, that's what I'm saying.

[Pastor Jamal Bryant]

Different movie and good fellas.

[Rashad Bilal]

Different movie. I'm saying in Casino, he wasn't made man. His brother was about to be a made man. That's when they beat them with the bats in the woods in the grassroom.

[Pastor Jamal Bryant]

No, they. It was a desert.

[Rashad Bilal]

No, it wasn't desert.

[Pastor Jamal Bryant]

It was a desert.

[Rashad Bilal]

1000%. It was a grass field.

[Pastor Jamal Bryant]

They buried him in the.

[Ian Dunlap]

Somebody put in chat. Was it. I remember a desert. It's been a long time. One thing I will say, if you.

[Pastor Jamal Bryant]

Have the ear of the President, where they bury.

[Rashad Bilal]

Buried them in the grass. They dug a.

[Pastor Jamal Bryant]

They buried him in the. In the desert. In Las Vegas.

[Rashad Bilal]

Can y' all just.

[David Banner]

They literally.

[Pastor Jamal Bryant]

The desert. The desert.

[Rashad Bilal]

Let's stop.

[Pastor Jamal Bryant]

Let's. The desert. Desert.

[Ian Dunlap]

Let's make a wager.

[Rashad Bilal]

Casino.

[Pastor Jamal Bryant]

It's Las Vegas. There's no woods in Las Vegas. It's a desert. It's literally. It's literally a desert. It's Las Vegas, Nevada.

[Rashad Bilal]

You see what they said?

[Pastor Jamal Bryant]

The desert.

[Rashad Bilal]

A cornfield. That's not the desert.

[Pastor Jamal Bryant]

They buried them in the desert.

[Rashad Bilal]

I. Yo, I want y' all to clip this up for real. Cornfield scene when he's getting.

[Ian Dunlap]

You know, they buried him in the desert is a classic.

[Rashad Bilal]

He was never buried in the desert.

[Pastor Jamal Bryant]

Buried in the desert.

[Rashad Bilal]

Telling you it's a cornfield. A cornfield just for him and his brother.

[Pastor Jamal Bryant]

It's a million. Desert right there. Desert.

[Rashad Bilal]

You want me to pull this?

[Pastor Jamal Bryant]

You know, look, we got. We got it.

[Ian Dunlap]

Yeah, I got a Texas. A desert.

[Rashad Bilal]

All right.

[Pastor Jamal Bryant]

It's Las Vegas.

[Rashad Bilal]

I'm not gonna say anything.

[Pastor Jamal Bryant]

They drove a mile down the road.

[Rashad Bilal]

Okay, all right, all right.

[Pastor Jamal Bryant]

Neither here nor there.

[Ian Dunlap]

Anyway, if you have the air for president, it will behoove you to be a good fellow and not upset the president.

[Rashad Bilal]

That's a fact. Or the entire government.

[Ian Dunlap]

Yes.

[Pastor Jamal Bryant]

So we're halfway into the year and I think it's important to highlight something. I put this on Instagram, but since April, some, some of, some of the stocks that we've talked about on market Mondays. Nvidia is up 46 since April.

[Rashad Bilal]

Yep.

[Pastor Jamal Bryant]

TSM is up 41 since April. Q. Q. Q. Shout out to Invesco Investment at Invest Fest. Up 35. This is just since April. MU is up 30. ASML is up 40. There's a variety of other stocks, but Twitter only allows you to do 120 characters. So these are just some stocks that we've championed. So, okay, mid year, let's take it. Let's take an assessment, a mid year assessment of things that, you know, have gone right in this situation. Right. We could talk about Bitcoin for sure. MicroStrategy up $110. There's a variety of different things. Anything else come to mind?

[Rashad Bilal]

Broadcast comes to mind. For sure, it comes to mind.

[Ian Dunlap]

Palantir.

[Rashad Bilal]

Palantir. Palantir definitely comes to mind. Vistra comes to mind. Vertif comes to mind. It has been, I mean, Spotify has done incredible.

[Ian Dunlap]

Spotify has been on.

[Rashad Bilal]

The tear is absolutely incredible.

[Ian Dunlap]

And for those who loved it, to be honest, IonQ, not one of my favorites, but those early.

[Rashad Bilal]

I think we're early. Yeah, yeah, yeah, I think we're early. I think we're early. Yeah, there's just been a bunch in that AI data center economy which, you know, took a hit early in it. Like I said, two pivotal moments. Deep Seek, obviously, in January and then April 7th, what happened there? But since then, man, it's been on a tear.

[Ian Dunlap]

It's been on Vanguard Technology Fund. Vgt.

[Rashad Bilal]

Oh, we forgot Robin as well.

[Ian Dunlap]

Robin Hood. Gotta give credit to Vlad and him, him fighting back for sure. So. And it brings me to a lesson that I had with stock club last week. But all of your fears and concerns go away if you hold for a 10 year period. Stop all the noise. Like just hold for a 10 year cycle and you'll be good. I was looking at the price of Bitcoin 10 years prior and just seeing where it was 10 years ago, like that. Growth has been tremendous. I'm even seeing a few people Starting to lean into Ethereum to hold for 10 years. On institutional side, people in real estate already know about the seven year hole, but if you just hold for ten, you'll be fine.

[Rashad Bilal]

I think somebody in the chat said, I like to get it. Yeah. For quantum computing, I like the infrastructure plays. Right. I just think we're not. We're a little early now.

[Ian Dunlap]

Too early.

[Rashad Bilal]

Yeah, we're a little early. A little early. But yeah, you're right, I did say that.

[Ian Dunlap]

Yeah.

[Pastor Jamal Bryant]

Okay. So yes, that just goes to show you, if you listen, hold on real quick.

[Ian Dunlap]

I mean, cut you up, bro. A guy said we act like we're not. Like we're promised tomorrow. We are not, but our families are. At some point we have to stop living for ourselves solely and live for others in the future. Because we all say we wish someone would have invested for us, but then the turnaround won't put in the work and hold for a 10 year period for someone else. I respect the comment, but hold for 10 years.

[Rashad Bilal]

Oh, what's the, what's in terms of quantum computing?

[Pastor Jamal Bryant]

What's the context of it?

[Rashad Bilal]

Yeah, this is.

[Ian Dunlap]

Did somebody say he, I act as if we're promised tomorrow? No.

[Pastor Jamal Bryant]

You know what's funny about that is a shout out to 19 keys. We spoke earlier and I spoke to him for like an hour and he was saying one of the things that he said, he was like, he was like, you know, Ian, he was like, you know, people, you know, have criticism for Ian as far as buying ho, but he was like, to get people in our culture to commit to, to holding on to something for a long term is actually a miracle. So he was like, he actually needs to be championed for sure. Encouraging people to take the long path as opposed to, you could just say like, okay, this is, you know, Shibu Inu and I'm gonna get you a thousand percent. You're being very responsible with the buy and hold strategy and that's just been proven to work long term. So I think that people like somebody put, even on Instagram when I put that tweet up and it was like, well, what's the sell price for Nvidia? And the sell price is 10 years, 20 years, 30 years sell price. But you gotta, you can't have long term wealth with a short term mind. That's. Yeah, that's, that's vitally important. And kudos to Ian amongst everybody, you know, Troy and everybody else. But Ian has definitely championed long term investing and I think that that's a very responsible decision that he's made and I think that that speaks to his dedication and wanting to see people succeed.

[Ian Dunlap]

I take the only people who want you to do short term haven't built the real back and real life and they're trying to get the bag up off of you off doing short term.

[Rashad Bilal]

I, I mean it's important.

[Ian Dunlap]

Right.

[Rashad Bilal]

And that's why I was talking about this has been a crucial five years. From 2020 to the present day is like you've seen these cycles, you see, I mean this is five years feels like long term to a lot of people. But you've seen growth in six months, you've seen it in a year, you've seen it in two years, you saw a pullback in 2022 and now you saw the NASDAQ go up 23 and 24 and probably was on pace to have another double digit gain year. And I mean we still might but obviously you know, new administration came in, you've seen all these things in this cycle. So yeah, shout out to you and kudos to everybody. That's executing because it's one thing for people to come in and listen, you know, shout out to Jocelyn who said she had cloud fans up 150. Shout out to you for executing. The execution is the part.

[Pastor Jamal Bryant]

Right.

[Rashad Bilal]

You could come here every week but if you're not actually putting these things into action and seen them.

[Ian Dunlap]

Yeah. Even look in chat. What was the price of Bitcoin 10 years ago? I'm not a bitcoin maxi. I had bitcoin when it was a Mt. Gox. Shout out to Matt Schlit who put me on to it just for context, but everyone I know who had it 10 years ago and still are holding it, they are, they look like that Magic Johnson video y' all posted. The people I know who was holding Bitcoin for 11 and 12 years, they are live house in Mallorca, house in Mexico, house and got like free. The real go put in chat. The real goal is freedom. As a futures trader that's able to get 3 to 4,000% a year in a predictive fashion. The best money for me has been the long term holes.

[Pastor Jamal Bryant]

That's a fact.

[Ian Dunlap]

It's hard like the, the quick money is fun but the money when it's compounding year over year, especially when you don't touch it. That's the. And that's why I get to talking like this because it's the freedom part.

[Rashad Bilal]

Yeah, I, I woke up this morning with a new goal. I think I'll wait to share it. I think I'm gonna do it in the next class. But I got a new goal. I used to say, let's get 100 shares, 100 doors. And then a lot of people got 100 shares. And then I was like, well, let's get to a thousand shares. And so I've got a new goal with a specific company and I'm a. I'm. I'm gonna give the info on in the next class. Stay tuned.

[Ian Dunlap]

It's a freedom number is nothing more of calculation of equity plus the share price over time. Same thing with y' all in media people. Y' all gonna quit. It's not time. A lot of people are surprised we made it to five years for Market Mondays. I'm like, if you know my investment table. Nope, it ain't time. You got to know when to exit.

[Pastor Jamal Bryant]

10 year minimum. Okay. Well, speaking of another thing that actually went up a lot in the last three months is Ethereum up twelve hundred dollars in the last three months. Quietly. Wall Street's secret catalyst for the future. Some say yeah. So what is the deal with Ethereum?

[Ian Dunlap]

Bitcoin maxes. I'm be on your side. I think everybody who missed out on investing in bitcoin is trying to use ETH as the new alpha driver for themselves and for clients. And I don't. I think it's going to have success, but it's not going to have the success of bitcoin. I want to be clear. Bitcoin is Michael Jordan in the crypto space. Maybe Carol Minor, Sean whoever, Vitalik, I appreciate you for speaking out. Finally coming out the shadows. Carolina was tough. It's not D. Wade, Year one in Miami. Who is it?

[Rashad Bilal]

It can't be. It could be D. Wade. No, it's number two. Right? It's number two. It.

[Ian Dunlap]

You will get 20 return. But like, so.

[Rashad Bilal]

So are you finished? I'll let you finish.

[Ian Dunlap]

No, go ahead.

[Rashad Bilal]

No, I was. So it's interesting because when. When I read this report we had going to can last year and I saw a bunch of people in Cannes this year and that was like the last week of June. And then last week I'm like, wait, Ethereum held an entire conference in can just for like nobody, like quietly. They've been doing that for 10 years. So everybody knows a can film festival. And obviously we know ad week, but Ethereum has their week too. And the people that showed up to it are very telling. Right? A bunch of Wall street firms. I'll run them down for you. Black Rock. You might have heard of J.P. morgan. You might have heard of Goldman Sachs, probably heard of Franklin Templeton, Citi, infidelity assets. All have used Ethereum, have been involved with Ethereum in terms of infrastructure. And so Bitcoin, you can't build on Bitcoin. Right. In terms of blockchain like you have to Ethereum is that platform where other companies are building on. And so if this, this space is being adopted by major Wall street firms and major tech firms inside of that you can see the pathway for it to appreciate. Now it's not going to be bitcoin. Obviously you're right. This is Michael Jordan for sure.

[Ian Dunlap]

For sure.

[Rashad Bilal]

But like it could be a D wave. I mean I'm not even saying it's Lebron or Kobe. It could be a D wave in this space. Right. It's clearly the number two. Has been number two for, I mean I think the end of the, at the end of this month it'll be 10 years of Ethereum. So it's relatively new still. Right. So it has pace, you can understand its functionality. And financial institutions are looking to use it as the fintech platform inside of blockchain. It has that advantage.

[Ian Dunlap]

Yeah. The one thing I will say to give context on institutional side, this is their version of all weather strategy. And when I was screaming they're going to take over crypto, this is a part of their plan. This is more of a hedge. I know some people see it as a leading technology. Bitcoin clearly is the premium leader in that space. But going back to last week's conversation of building a base, a lot of institutions are building a base with Ethereum and I think eventually XRP will have their run after that. So they're just making sure they're concentrated in everything so that they control all assets as they should. But I don't think Ethereum will ever pass up Bitcoin and given that their last high was in 2021.

[Rashad Bilal]

True.

[Ian Dunlap]

They're underneath their 50 retracement since inception. They have a long way to go.

[Rashad Bilal]

I don't think you'll ever pass it.

[Ian Dunlap]

I'm with you.

[Rashad Bilal]

I don't think you'll ever pass it. But when we looked at tokenized economy I think shot you sent that article about Robinhood, you being able to tokenize shares like that's now if it's true or not. The idea of it is revolutionary.

[Ian Dunlap]

Right.

[Rashad Bilal]

So like we're talking about tokenized economy, we're talking about stable coins. These are all being built on Ethereum, even circle to it which just IPO and has been Going crazy. They built their platform on a platform that is built on Ethereum. So like you can see the use case there. You can see more people adopting it and there's a pathway here for it to have some, some gains.

[Ian Dunlap]

I'm glad Putin led Vitalika to be able to speak this past weekend.

[Rashad Bilal]

That was crazy. I saw him giving a speech, I'm like, oh, there he is. Where's he been?

[Pastor Jamal Bryant]

Been a while.

[Ian Dunlap]

It has been a while.

[Pastor Jamal Bryant]

So you know Another thing that 19 Keys told me is that don't destroy something unless you're capable of rebuilding it better than what it was before. I say that to say, you know, when you see what the, the discussion online has been about Essence.

[Rashad Bilal]

Okay.

[Pastor Jamal Bryant]

It's interesting and it's a narrative that we've seen before with Afro Tech. Variety of different things. But I think that there's a thin line between criticism that's constructive and envy and hate to just try to destroy something with no plan of building it. So this is important because it's a business conversation. When you look at the largest festival per numbers wise in in America it's assessing Fest 3, 400000 people go. That's a lot of jobs.

[Ian Dunlap]

It's a lot of employment.

[Pastor Jamal Bryant]

That's economic empowerment to a city like New Orleans, who's a black city and historically has always had challenges. Right. So it's eye opening. But it's also alarming when you see the joy and the enthusiasm for people to pal on the downfall of, of said event. And a lot of people that weren't. We're not even there.

[Ian Dunlap]

That's funny that it happens nowhere, never been there.

[Pastor Jamal Bryant]

Says a lot about the times that we're in. But it also says a lot about the state that we're in as a community and why we're in said state.

[Rashad Bilal]

Yeah.

[Pastor Jamal Bryant]

It's something to think about because this, this is a trend and who's paying.

[Ian Dunlap]

Them to do that? Every year it's like clockwork right after the fourth.

[Rashad Bilal]

Oh, the hate train.

[Ian Dunlap]

Oh yeah, yeah. Like this is millions of dollars worth of like once it's on different platforms across the board and that's like that. That's coordinated and paid and sponsored media like to look like it's social or user generated content. But that's no, that's a deployed sponsored campaign.

[Rashad Bilal]

Yeah. From. From either from bots or from people who don't even understand the intricacies that it takes to put on an event of that size. You don't. Like there's been times when there's 2 or 3 million people coming throughout the week into that event in a city. They take over the entire city.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Think about the logistics of that. Can they make improvements? Of course. Everybody can make an improvement from an event. Do we need to bash it? What happens when it's not there? And what's that going to do to the city of New Orleans and all the people that rely on those, those, those jobs in that event on a yearly basis? Some people make their year being a part of that. So we gotta, we gotta be very mindful and careful of what we're doing. Yeah.

[Pastor Jamal Bryant]

And my glass. No, these are not AI glasses from China. These are Tom Ford.

[Rashad Bilal]

Who said that?

[Pastor Jamal Bryant]

These are Tom Ford.

[Ian Dunlap]

Why y' all think everything AI me to glass?

[Pastor Jamal Bryant]

Not yet. Well, not yet.

[Ian Dunlap]

Soon come.

[Pastor Jamal Bryant]

Soon come. But. Yeah, but. So invest fest. Let's, let's lay this parameter out in front of this. Now, get your tickets on Thursday. Communication is key. Thursday, register. Get your communications, get your, get your, your badges. The event starts Friday at 10 o'. Clock. All day education Friday, workshops, panels all day. The event doesn't start on Saturday. It starts on Friday. All day Friday. If you, if you brought a ticket, you should get your, your money's worth. Get your badge on Thursday or Friday. But highly suggest that you get it at least on Friday, all day. Then the VIP is at night. But don't disregard key. The reason why I'm saying this is because there's somebody that's going to come Sunday night.

[Ian Dunlap]

I didn't get enough value.

[Pastor Jamal Bryant]

Yeah, I didn't get enough value. So we're not even gonna play that game. Like early. Let's, let's manage expectations early.

[Ian Dunlap]

Yeah.

[Pastor Jamal Bryant]

All day Friday. Invesco, QQQ. A variety of other Fortune 500 companies that we can't even name yet because we haven't made the announcement. Workshops for entrepreneurs, workshops for investors. Big enough room for everybody to get in in the marketplace. Choose your time wisely. Use your time panels. You go to workshops Saturday, all day Saturday, all day Sunday. Well, is there nightlife? Yes. Now if you choose to go to Follies and come and come back to your hotel at 4 o' clock in the morning and then you're too hungover to go to the AI is on you. That is the decision that you made.

[Ian Dunlap]

You're not thinking long term.

[Pastor Jamal Bryant]

It's a fact. So let's just, let's just get that out there early.

[Ian Dunlap]

Yep. And come see me right after Matthew Johnson. As soon as you did that y' all video, I said, damn.

[Pastor Jamal Bryant]

Gotta work harder.

[Ian Dunlap]

Should have did that in Miami. Gotta work harder.

[Rashad Bilal]

We sound good. Somebody said my microphone sounded off. We good now?

[Ian Dunlap]

You sound great.

[Pastor Jamal Bryant]

One, two, one, two. Okay, so let's talk about the big beautiful bill. Big beautiful bill is now officially law. This is what made Elon go crazy. So he said it's going to add trillions of dollars to the deficit. Tax cuts, tax cuts, spending for Border Patrol. I think the amount of money that's being spent for ICE and Border Patrol legend, legendary. So what's everybody's take on this big beautiful bill situation?

[Ian Dunlap]

You're a political expert. I think you should start.

[Rashad Bilal]

Lead us.

[Pastor Jamal Bryant]

Appreciate it. I think that it was, it's irresponsible governance when you're talking about cutting Medicaid for almost 14 million people while giving tax breaks, while adding to the deficit by putting unprecedented amounts of money in border control and ICE to build a wall. You play into a base, but it's not responsible, especially if you're a fiscal Republican. That's why Elon Musk got mad because he's like, what's the point of, of doing doge. What's the point on running, on cutting the deficit? What's the point of running, on being a fiscal Republican if we're only going to add to the problem?

[Ian Dunlap]

Yep.

[Pastor Jamal Bryant]

And there's really only two ways to, to cut money to raise money. It's to raise taxes or cut government spending. Democrats want to raise taxes. Republicans want to cut government spending. Traditionally. But this actually increased government spending.

[Ian Dunlap]

Yeah.

[Pastor Jamal Bryant]

So you can't cut taxes and increase government spending. They try to cut government spending on, on certain things, but long term is going to add to government. It's going to add to government spending. And they raised the, the, the, the, the debt ceiling. So I, it's at a certain point where the, the debt, they don't care about the debt anymore. It just doesn't matter because there's no, there's no pathway forward to try to fix the problem. So now I'm just thinking that it's just like one of these things, like just, just pass it to the next generation and just screw it up. Like, you know, we're still afloat. It doesn't matter.

[Ian Dunlap]

Yeah, I've been screaming this debt to GDP issue forever. And we have to be very honest, both sides are doing this, Democrats and Republicans. So since we've been doing the show, the 2020 cover relief bill, the CARES act, then the Infrastructure and Jobs act, then Build Back Better was proposed and now we're here with the big beautiful.

[Rashad Bilal]

Bill.

[Ian Dunlap]

Will somebody from a higher power stop some of the spending or is the plan clear that we're not able to reverse debt to GDP and we're just going to run up the proverbial credit card to no avail? One of the things like you said he ran on was less spending and the introduction of Doge and then we're seeing spending higher than ever and not going to the places where it should go. It's just confusing when some people are now saying the Dutch gdp Being at 300 or 350 and 15 years won't matter.

[Pastor Jamal Bryant]

Let's just look at this real quick, right? Like adds $2 trillion to the national debt over the next 10 years. That's from the CBO which is non bipartisan, non partisan group. No major spending cuts. $700 billion increase to military spending annually. Right. Medicare and Social Security relatively untouched long term. No balancing of the budget achieved. Corporate tax cut now permanent. You can just go down the list of like what if your, if your goal is to. Is to cut the budget, this does not accomplish any of that at all.

[Rashad Bilal]

And, and you think about the people who it affects, right? So you were talking about medic Medicare, you're talking about food assistance, you're talking about higher education has now changed in terms of repayment plans. You talk about Planned Parenthood. Like these things are going to affect communities that we're familiar with. So here's the other question, right? Then it made me like find, like to find comb this whole thing and figure out is there anything that's beneficial inside this bill. And I found one.

[Ian Dunlap]

Okay.

[Rashad Bilal]

I found one.

[Ian Dunlap]

One. A needle in a haystack.

[Rashad Bilal]

I found it.

[Ian Dunlap]

Got you.

[Rashad Bilal]

From an investment standpoint, when we talk about AI and we talk about semis, there are benefits for those semiconductor companies who are building in the United States. Such companies come to mind as Taiwan Semiconductor. Benefit from this and the company. Ian, Maybe we'll talk about in the shoddy. We'll talk about Micron as well. And we're talking about high bandwidth memory. There are three top players in this sector. Two of them are from South Korea, one is from the United States of America. Being Micron told you about it numerous times. The increase on percentage of I think incentives that they got went from 25 to 35. That changes the lines. Intel is part of that as well. I didn't want to say Ian, because I know how you feel about them.

[Ian Dunlap]

I don't have any fellows, just the quantitative data is so from an investment.

[Rashad Bilal]

Standpoint inside of those companies and I know a lot of our audiences are invested in some of those companies. There is some benefit there but everything else tough.

[Ian Dunlap]

And the one positive thing I will say about intel is that even though it's not a favorable stock, we can't afford to have a death of an American iconic brand while debt to GDP is rising and other countries are encroaching on our territory. In terms of tech, we can't afford it. We can't afford it. You know what else is beneficial?

[Rashad Bilal]

There you go.

[Ian Dunlap]

If you know want to get rich from the market, want to know where to get in, where to get out, go to Ian invest.com amazing stock club call we had this past week. But if you want to know the companies that are going to thrive, do well despite of the big beautiful bill or Elon and Trump's fight, go to ian the best.com and join the stock club. If I made you money, please put yes in chat. I love y' all stock club call this Wednesday. Amen.

[Pastor Jamal Bryant]

There you have it.

[Rashad Bilal]

Amen.

[Pastor Jamal Bryant]

Let's talk about Palantir. Stock price is up 78% year to date and they just land another 795 million dollar federal contract. If you don't know, Palantir is the defense AI defense company. They're the ones that supplying all the drones here internationally. All over. Okay, is this the next Nvidia as far as the run like the run that we saw with Nvidia a couple years ago, Is Palantir the next run like that?

[Ian Dunlap]

Nvidia is the second greatest return of asset next to Bitcoin if you look over a 10 year period. So I'm not sure if they'll be there but I do think that they may be the new Tesla before Eli went off the rails. So I will look at this like it's like a 20112010 moment. They are on fire. I can see him getting to 158 by the end of the year if things remain the same. I do think they're having an amazing run. Still morally don't love to invest into into them but but if you're looking for a potential exit price, if there's going to be a point of contention by the end of the year, 158 is where I think they should land and I think they're probably one of the best run companies. And since there isn't any more quantitative easing, notice that we are not building more social apps, we aren't building more dating apps, we're building real things that have an impact in the real world. And I think Palantir at a time when it was not sexy to be in a space when quantitative easing was afloat. They found their footing as the economy has changed. So they, they've done this tremendous job. Maybe not the new Nvidia, but I do think they are the new Tesla.

[Rashad Bilal]

That's fair comparison. The market cap is at 328 billion. And you're right like if it has a run like a Tesla run, you can, you can see that getting, getting up to, to 1 trillion. Yeah, I mean defense tech is, we've seen the power of it. It's going to lead the way for the, for the near future and the long term future. I'll be interested in seeing the cyber security sector as well when we talk about it, we talk about it from a defense standpoint but the security around AI is going to be important too. So I'll be interested in seeing that. But yeah, I think that was probably the most accurate. I don't know if Nvidia, which is on pace to be at 4 trillion presumably by the end of this month.

[Ian Dunlap]

Yeah, hopefully.

[Rashad Bilal]

Right. For all sake we'd be happy to see that. First time in history that that has happened. I don't know if it does that just because the use case is so dramatically different. Yeah, yeah. It's just such a, it's just a drastic difference in what they're being used for. But yeah, I think this is, this will be a trillion dollar company.

[Ian Dunlap]

3 year target price 235.57. I want to be the first on record to say it. I want to hear y' all in the morning taking my take on other platforms but 23557 is where I have it in three years.

[Pastor Jamal Bryant]

Okay, any questions from the audience? Since we got you guys here live on a Monday, let's see if we have any questions from the audience.

[Ian Dunlap]

We are live.

[Rashad Bilal]

Shout out to us.

[Pastor Jamal Bryant]

6,300 people. Shout out to you guys.

[Rashad Bilal]

There we go. There you are.

[Pastor Jamal Bryant]

The only show that's made you money on a consistent basis for over five years. If we're being completely honest.

[Ian Dunlap]

Honest if you're keeping it real. Entry point for Palantir, I like 127.99. If you're holding for long term. 127.99.

[Pastor Jamal Bryant]

You heard them. 127.99. Ladies and gentlemen, Bitcoin. How much crypto should somebody hold in their portfolio?

[Ian Dunlap]

I'm be on the record and say the the 6040 bond split is dead. To any advisor who emails you and tells you Otherwise, I'm sorry, I can't get a real answer. What's going on with the bond market? I do think at this point it's inevitable and highly advisable for at least 20% of your portfolio to be into cryptocurrency. If we're just looking over a return basis. And I'm not mentioning all coins, I'm talking about the big three. If you look at Ray Dalio's All Weather portfolio strategy, the last asset class to be added was crypto, but it's given the most return. It would behoove you to have at least 20 in. You don't. I don't think you have to be 100 in if you don't believe in it in that fashion. But I think to focus 60 or 40 on bonds, it would be a mistake. I would. I will replace that with 20 crypto. 20 gold. If you're looking for a hedge and the recipe in equities.

[Rashad Bilal]

20. That's a.

[Ian Dunlap]

That's according to the prices that I. And I know y' all like to rewrite history. I did call 20,000.

[Rashad Bilal]

Well documented. Well documented.

[Ian Dunlap]

You don't have to like me, whatever the case. But those levels were key. If you've got in and you just put in 20 of your portfolio from their return, we're at a multiple of five from there.

[Rashad Bilal]

Right. Because I think. And Chris Johnson said this too, man. And if you didn't check out that. That episode of Market Mondays, please go check that out. It's like the beautiful thing about crypto bitcoins that the price it is today, it won't be in five years.

[Ian Dunlap]

Historically, that data has proven.

[Rashad Bilal]

It's proven that. And I remember when we started doing this show, this is. We're going on year six now, but we used to say like 5% between 2 to 5%. And as this thing is climbed up it. It's becoming overwhelmingly clear, like, wait, we got to make an adjustment.

[Pastor Jamal Bryant]

So 2 to 5% for what the.

[Rashad Bilal]

Original was like 25 of having exposure to bitcoin.

[Pastor Jamal Bryant]

Bitcoin, yeah.

[Ian Dunlap]

Yeah. I remember when I thought of bitcoin being at 500 bucks was a lot like, okay, 2015 was at 2607-4201-6675-2017, 2.6 K. 2018, 6.6 K. 2020 at 9.1 K. 2021 at 35 K. Somebody said.

[Pastor Jamal Bryant]

Ian, do you expect another 10 to 15 pullback before end of the year?

[Ian Dunlap]

If you go to ianvest.com and join Red Pandas, you will know exactly My thoughts on that and what price to be able to get in if I've made you money. Put yes in chat. Back to you Rashad and Troy.

[Rashad Bilal]

Thank you for answering that. Clearly this so next year by that four year cycle of bitcoin. Next year was supposed to be the year where you might see a pullback based on that after having we there's like that cycles that we broke down. So it would be next year. So we'll see. We'll see this year it should it still have some appreciation in it.

[Pastor Jamal Bryant]

There's always pullbacks.

[Rashad Bilal]

Yeah always part of it.

[Pastor Jamal Bryant]

You need that so.

[Ian Dunlap]

But the deep pullbacks of dropping 35 and 40% given the institutional involvement that's gonna be rough to head it again. I don't think we'll never see 25000 Bitcoin ever again in life. 28 000.

[Pastor Jamal Bryant]

Okay.

[Rashad Bilal]

Well a long way from home Troy.

[Pastor Jamal Bryant]

Anything you like to say before our guest comes on? Any stock that you're looking at or.

[Rashad Bilal]

Option call shout out to everybody in uilu. I put a pretty elaborate breakdown on the company that I kind of mentioned before Uber and I'm looking at long term leaps for it based on a number of things. Autonomous vehicles being the number one thing I saw. Waymo is now trying to be in Philadelphia so we'll see how that goes. It's just a matter of time before one of these ride sharing companies, all these EV companies just partners with Uber straight out. I know Tesla tried to do it with Hertz and that was a complete failure. But Uber has the infrastructure, the platform and the trust, which is the most important thing. Most people won't get in the car with nobody driving it. Right now they're putting a rideshare person inside those autonomous vehicles. But as trust grows that will change. I think the other thing that they have at their advantage to be honest with you, is like what you guys talk about all the time. How do y' all eat?

[Ian Dunlap]

For sure.

[Rashad Bilal]

Right? The most expensive thing that Uber pays inside of its revenue model is the driver. So if you could have food delivered autonomously now you cut out that middleman of the driver. Now you're talking about more revenue that's going into the company. I like the way they position not only from re ride sharing platform but also from the platform for autonomous vehicles all together. So Uber I'm big on right now. Shout out to Josh Brown. As I was typing my whole thesis on it, he goes out and says it's the number one stock in his portfolio.

[Ian Dunlap]

I think Uber's underrated, bro. For it to not to be even at 100 bucks yet as insane. It was down to what, 61 earlier this year. Like Dar got to get a lot of credit for turning this company around from those lows. 20 bucks in 20, 22.

[Rashad Bilal]

Yeah. Crossover. 96, 95, 650 today is is opposition to Uber, right? Oh, it's a smaller company. I'm saying at some point that smaller company. Yeah, it's competition. But you know how that goes over long term, right. If you can't compete at the same level like a Lyft, like Lyft is a ride sharing company as well. But when you think ride sharing, you think Uber. Right. Most people are not getting lift. At some point they're going to say, all right, we're going to figure out how to we can become part or be acquired by it or partner with them.

[Pastor Jamal Bryant]

They had the lawsuit. I know that was a big thing with Google. Google owns way more.

[Rashad Bilal]

Yeah, that's what I said.

[Pastor Jamal Bryant]

That was a whole big thing of Uber and Google because they said that.

[Rashad Bilal]

They stole the idea.

[Pastor Jamal Bryant]

They. Well, they stole it. The engineer.

[Rashad Bilal]

Yeah.

[Pastor Jamal Bryant]

So I don't think Waymo is coming on the Uber's umbrella.

[Rashad Bilal]

Well, even if, let's say they don't. Does it open up more avenues for people to go in autonomous? Yeah, if you go that route, Tesla, like I said with the robo taxi. But if you're going to do ride sharing and if you're going to do flu delivery, then it's number. You know who the number one is.

[Pastor Jamal Bryant]

And what's a leap option?

[Rashad Bilal]

Leap option means that I'm going. I know a lot of people and I again, I don't suggest anybody day trade. I don't suggest anybody day trade. I know some people like to do options out to a month, maybe two months. Leap options means anywhere between six to two years. I go try to go out the.

[Ian Dunlap]

Furthest as possible for the long term.

[Rashad Bilal]

Yeah, yeah. And, and this is something that we talked about, the mastermind. If you've studied how these politicians have done it, specifically Nancy Pelosi, not only is she going out far with leaps, but she's also going deep in the money, which means that whatever the price is, right. She's saying her strike price is going to be far below that. So I think uber's trading at $96 deep in the money. Strike price would be like 70. It's already passed it. So depreciation on the way up is going to be great. With a depreciation coming down is not as drastic, not as volatile. So that's just one of those strategies. So I go out as far as possible. I think I'm out into 2027. Like I'm thinking far ahead. I'm right at the money at like 92.

[Ian Dunlap]

And for the traders, if you can hold for a long period of time, it helps when that year come and you didn't know you needed that money, you have a little issue and then 80000 come in. Who was a blessing.

[Rashad Bilal]

No, it's great. And that. And that's the part right when we're talking about long term investing. Obviously this is in 10 years, but it does give you the most important aspect inside of options trading, which is time.

[Ian Dunlap]

Yep.

[Rashad Bilal]

Right. Because we can't predict volatility, we can't predict the April 7th. We can't predict we're putting tariffs on Japan and China. We can't predict those things. And so you want to bake that volatility into it by adding more time to anything you're doing.

[Ian Dunlap]

Shout out to love, love to live up 60 from the mastermind. I'm proud of you. Shout out to my boy Joseph as well, actually.

[Rashad Bilal]

Yeah, yeah, yeah. Oh those. I mean those companies that we spoke about on stage, on fire. Take me later.

[Ian Dunlap]

You know it's not on fire. Target boy.

[Rashad Bilal]

Damn. Gonna be tough. Going to be tough.

[Ian Dunlap]

Yeah.

[Pastor Jamal Bryant]

Shout out to my man Miguel Uptown Dykeman in the chat red carpet of street boy. They start the tournament today? No, but I saw him a couple days ago. So he told me he was gonna really focus on options. He said that he was inspired by watching what you was doing. So he's like, he gotta lock in on options and learning options.

[Rashad Bilal]

Yeah, yeah. We locking in the next class right now, Matt. I got some tentative dates, but we back in. I got, I got some stuff I gotta share.

[Pastor Jamal Bryant]

Yeah. So. And we play Indictment on Friday. Dominican Power Friday Night Lights. So come out and show love. First game of the season. Shout out to the good folks over there. Okay, hit the like button and share. So Sam Altman, Open AI CEO. He says that he's politically homeless in July 4th post bashing Democrats. So you know, one of these things, I feel like the Democrats got a set example because too many people feel comfortable going at them because they know that they're not.

[Ian Dunlap]

Strong.

[Pastor Jamal Bryant]

They're not gonna do anything. I'm not gonna do anything about it.

[Ian Dunlap]

How can you set an example when you don't have good leadership?

[Rashad Bilal]

Yeah, it.

[Ian Dunlap]

You're not in a power position. The long, the last Strongest candidate from the Democratic side was Brock. After that, you took it from Bernie. I agree, but I think this is the same move Chamath moved before he became Republican, too. The same is doing.

[Rashad Bilal]

Yeah, he's the one who said that I didn't leave the Democratic Party. The Democratic Party left me.

[Ian Dunlap]

This is Sam's move to get over to the Republican ticket to get some of that money.

[Rashad Bilal]

Yeah. So you got Peter Till. You got your moth. You got Elon.

[Ian Dunlap]

You want to go in and be the only dim. What? Not in this administration. When I'm trying to break away from Microsoft. What?

[Pastor Jamal Bryant]

All right. All right, guys. Okay. 6, 500 people. On the check in market Mondays, we always have great conversations and we have great guests. So following in that tradition, we have a very important guest, somebody that. This is the first time that we've actually spoke to him on the program. Yeah, we got. We got the honor to connect with him a few years ago. But looking forward to this conversation. So let's bring up Pastor Jamal Bryant, shall we?

[Ian Dunlap]

Market mover.

[Pastor Jamal Bryant]

Market move.

[David Banner]

Hey, family. How y' all doing?

[Ian Dunlap]

I'm good, brother.

[Rashad Bilal]

How are you feeling, man?

[David Banner]

Doing great. I'm. I can update my resume. I didn't made it.

[Ian Dunlap]

No, we appreciate you being here.

[David Banner]

No, thank you all.

[Pastor Jamal Bryant]

No, thank you. And thank you for changing your schedule. I know, you know, we had a few, few different times on the calendar, so thank you for making it. Appreciate it. Okay, so Pastor Jamal Bryant, you know, obviously a giant in the world of, you know, theology, but this is a business conversation and you've done something interesting. You've played a major part in the boycott of Target. So I want to talk about a few different things, but we got to start there, right? So for our audience and people that may not be all the way tapped in with everything that's been going on, can you talk about why Target was selected? The demands that, you know, you guys have for Target, where the boycott stands now, like, give us the whole rundown.

[David Banner]

Yeah. So first of all, thank you, family, for giving me an opportunity. There were 14 Fortune 500 companies that walked away from DEI after the inauguration of Donald John Trump. And we decided that we would follow the African proverb, the best way to eat an elephant is one piece at a time. So we focused on Target first. Not last, not only first. And we want to tell you all why. Number one, ashamedly and embarrassingly, black people spend $12 million a day in Target. Number two, without there being any protests, without there being any demonstration, after the killing of George Floyd, the president And CEO of Target. They are headquartered in Minneapolis, same place where George Floyd was killed. Came out and had a press conference and said, watch the language, family. George Floyd could have been one of my employees. Not colleagues, not staff, one of my employees. So they made a commitment of $2 billion that they were going to invest in black business. They, after the inauguration, walked away from it. So we asked for four things. The first, if black people are spending $12 million a day in Target, invest a quarter of a billion into black banks so black people can have access to capital to start businesses and to buy homes. Number two, there are 27 targets on college campuses. None of them are on HBCUs. So we asked them to partner with six HBCUs and told them to pick whatever six HBCUs they wanted for their business programs so that they could scale, so that they could franchise and so they could roll out. I'm embarrassed that this is the largest boycott for Black people in 70 years since the Montgomery bus boycott. And his was crazy. We didn't have a black owned franchise to redirect people to. We have five and people to go to Costco, as if that's giving back to us. Number four, three was that they would honor the George Floyd commitment of $2 billion. And number four, we gave them a blank check and said, you all rewrite dei. It don't have to be called that, doesn't have to be named that, but show us a pathway where black people can make it to the C suites and not just work in the warehouse. And so that's where it is. We're 18 weeks later. And I am so appreciative to your audience to help make this happen. The valuation of Target has dropped by 12 billion. The stock has dropped from $145 a share to $93 a share. Foot traffic is down by 7.9%. And four weeks ago, they slashed the CEO's salary by 42%. And all of it is thanks to us taking the Kwanzaa principle of cooperative economics.

[Ian Dunlap]

Troy, we can't hear you.

[Pastor Jamal Bryant]

Can you hear me?

[Rashad Bilal]

You can. It could talk about the needs and the wants and having a detailed plan of what the action plan is going to be. I wonder now, right? You said that Target has been down 25 year to date. Have they been in communication with you guys as this is happening? How. How's the dialogue been between maybe their C suite and you guys who are organizing the boycott?

[David Banner]

They went silence of the lamps. They got directive from the administration to not directly work with us. It was their Fear and apprehension that if Target folded then the other companies would go back in line. So we're now in a real revolutionary act crossroads because they're hemorrhaging. You can't go four quarters of not making a profit where it's not almost impossible for you to come back. You know, if they called today while I'm on you all show, it'd still be hard to get black people to go back in. It takes 30 days to create a habit and we've been out almost 90. So the brand has been beyond blemishes. It's tarnished. They gonna need a, a complete face lift and turn around. Really rebrand who it is that they are at this point.

[Ian Dunlap]

The stock price is currently at 101.60. What. What's the price point if you think they get to. They'll have to call you and just say uncle my brother, let's come to an agreement.

[David Banner]

Yeah. Well, in so much as BlackRock said that they are no longer a safe investment. I just saw reports this morning that the CEO was looking at retiring magically.

[Ian Dunlap]

By the end of the year.

[David Banner]

And so my next big hurdle transparently is to make sure that we keep our people out during back to school. If I, if I, we can keep them out during black to school. Back to school then I think that we've crossed a major hurdle. The reality is they should be calling now. They should be clamoring now. And instead of doing that, they're just paying influences to, to post about Target rather than coming to the table.

[Ian Dunlap]

I don't know if it's gonna work.

[Pastor Jamal Bryant]

Well, let's, let's talk about that. All right, so two things I want to talk about. The. I saw, I saw it posted online, but I guess some, some preachers guys involved in a Target initiative and you wasn't appreciative of that. You said it was like $300,000. It was short change. How did that come about? And did you feel betrayed that yo fellow. You know trade is a.

[David Banner]

Is an understatement. So $300,000. Number one, they didn't get 300,000. They got 75,000. Target so pimped them out loud. They gave them $300,000 for them to split between four organizations. National Baptist Convention America, National Baptist Convention, USA Missionary Baptist and the Church of God in Christ. So for you, if we asking for 250 million for black banks and let's go back to basic math. If Black people spend $12 million a day and y' all are Baptist Christians, y' all couldn't even get a tithe. A tithe is 1.2 million. So 300,000, 75,000 is it. It ain't even a slap in the face. It's a hawk spit in the face. Not just to me, I think to the black community that we would call part off that easily with nothing in return.

[Pastor Jamal Bryant]

And then the lap. My second part of that question is Kai. Right. So I feel Kai, Kai Sinai got a lot of backlash because he did a live stream in Target and people. But I honestly feel like that speaks to a disconnect between young people and the older generation. I personally don't think that he may not even be aware of what's going on or he doesn't fully understand like you know, on the 50 yard line.

[David Banner]

I meet you on the 50 yard line and say to you Kai's demo don't even go to Target. The focus was how do we attach black faces that are recognizable?

[Ian Dunlap]

Yeah.

[David Banner]

So yeah, it ain't no big gaming section in talk. That's where mamas are going go get starch and go get a new irony boy. And so it was off brand but look at what they have done in the last six weeks. So they had Cardi b post in there, they had Bronnie post in there. And so whoever it is that's trying to do this Internet campaign is just looking for recognizable faces that they can throw up on screen.

[Rashad Bilal]

Yeah, you said that. This is just the first one and I noticed there's plenty of other companies that we could mention tonight and maybe you will, but is it possible to run a boycott simultaneously to this one? Right. There are other brands that did away with dei. Yeah, we're probably watching how their, how Target stock is performing and potentially looking like that could be us if we don't get this right. Are you in communications with other brands as well?

[David Banner]

Yeah. So our next one up is going to be Dollar General. And what the audience may not know, I didn't know is Dollar General Family is four times bigger than Target and Walmart combined. Combined.

[Ian Dunlap]

Yeah.

[David Banner]

As a consequence they've got more black employees. But they only hire the employees in part time positions so that they don't get benefits. They are more often than not in rural areas. And when we talk about black economics, most people limit that conversation to inner cities and the urban areas and don't look at the rural impact. So when we talk about Atlanta, but nobody's having conversations about Rome, Georgia or Athens, Georgia in those areas still have economic role and a part to play and the labor Workers are meeting with us. But black people, regrettably, in this climate, don't have the luxury of just choosing one issue. We got to figure out how to walk and chew gum at the same time.

[Ian Dunlap]

Boycotting is one part of the strategy, but going forward, how can we guarantee that there would be equity involvement, royalty involvement? Because what I feel could happen, which I hope doesn't. But when these incidents happen, or do you think corporations will just say, well, I won't make a pledge at all so I don't end up in the same space the target is in. How do we go to actually get executive management and executive leadership positions in the companies, More black businesses installed into their programs like we used to have, opposed to them just completely walking away and trying to wash their hands from it.

[David Banner]

I think that we've got to stop looking at ourselves as charity cases and look at ourselves as business partners. Incredible book by Carter Rankin entitled $1.9 trillion spent. How it is that collectively, as a community, we have enough spending power to buy Apple, to buy Netflix, and to buy Tesla and still have change left over. But we've got to really be significantly shrewd about how it is that we partner and how it is that we move. We welcomed Target to the cookout. We even gave it a hood nickname and said, this is Tajay. No other company can boast that claim. And so I think that we've got to figure out how we build ourselves up. I'm an 80s baby. So when we were growing up, Nancy Reagan was the first lady at the time, had to just say no to drugs campaign, and drugs went up by 65%. And it went up because you can't tell people what not to do without telling them what to do. And so I think it's important for us that we pick it with our pocketbooks and do targeted spending. So when people signed up, over 300,000 people signed up for Target fast. When they signed up to be a part of the boycott, we sent to them a Digital Directory of 150,000 black businesses around the country for them to support. Because it's more important that we talk about what we are doing rather than what we. Or not.

[Pastor Jamal Bryant]

No, that's key. As far as I always say, support boycotts is great, but support's even better. Right. Like, as far as building our own businesses and our own ecosystem. So I'm glad that you guys are doing that. What do you say to people that will say you're hurting black businesses? Like Tabitha Brown. Right. She's. She has a partnership With Target. And there's other black entrepreneurs that may have had products, that may have products in Target. Right. Whether it's books, video games. What do you say to people that say that you're hurting black entrepreneurs by boycotting Target?

[David Banner]

And it hurts me that we would think the only way a black business can be successful is to be on a white shelf. The reality is Tabitha Brown didn't get big because of Target. She got big because she figured out how to use social media and then Target came to her. We've got to figure out the power of dropship shipping. And the reality is, as all of you all know, and I'm preaching to the choir, brick and mortar is deteriorating. We can figure out how it is. You can get all of them products. We can do it online. And so I partnered with the US Black Chamber of Commerce, Ron Busme is the president CEO of IT to make sure that we have prominent placement. And we redirected all of those businesses to an online space so that they can still function and thrive. It is not our intention to hurt black business, but we've got to figure out what is good for the whole.

[Rashad Bilal]

Interesting. So I, I guess in that same vein, your thoughts around Target partnering with black events. Obviously we saw ESSENCE Fest happen this week and, and Target was one of their lead sponsors. It kind of, you know, I saw you put a post up and telling people, you, you're not boycotting SS Fest. You, you just have a boycott with the brand itself. How should people maneuver around that? Because a lot of events rely on partners, partnership and sponsorships from some of these brands.

[David Banner]

Yeah, I gave Essence a pass because ESSENCE was in a four year agreement. This was not pulled apart because of the protest of the boycott. They had a four year agreement. What will be the test, because this was the last year, is will they renew it? And so I want you to also see the debate and switch that Target did. They went to ESSENCE and they used all of their collateral. They made it pink instead of red and white. So a lot of people didn't even know what space they were in until they did a closer inspection and look. So they were shrewd. So I want to see ESSENCE thrive. I want to see all black businesses thrive. But at the same time, we can't compromise. So we told people we love Essence, but we not fooling with talking. So if you go into the essence, ESSENCE go, just don't take any of their collateral and don't go to their section of the marketplace.

[Ian Dunlap]

What's one thing you think people misunderstand about the origin of the boycott from your perspective.

[David Banner]

Yeah, I think what people misunderstood is thinking I started the boycott. I did not. Some Amazing Sisters grassroots organizers in Minneapolis, where Target started, began to boycott. I began the Target fast because I wanted to engage the black church. I felt as if the black church is no longer involved in the conversation of social justice for the last 25 years. The younger generation doesn't see it as a beacon light to really speak truth to power. Black Lives Matter was the very first time in American history that a civil rights movement happened for black people that was not birthed out of the church and did not have a religious leader. And so I curated the fast to say, hey, the church is still here. Our head is not in the sand. We are not in a coma. And I thought it was necessary because this is the largest demographic of black people who don't go to church at all. Who we're at 28%.

[Ian Dunlap]

Why do you think that is?

[David Banner]

I'm sorry?

[Ian Dunlap]

Why do you think that is?

[David Banner]

Because they don't see any connect connectivity or relatability. This is the largest demographic of black people who self identify as an atheist. We had 7%. And so the church has got to really evolve and it's got to be intentional about moving forward and being in the market space. Here's the reality. What you all have done, and I give a high commendation to you, what you have done and are doing is what the church should do. Old rabbi said this to me to mess me up. I promised God. It messed me up. He said to me, jamal, stop asking your church to tithe. I said, rabbi, hey, if I stop asking my church to tithe, lights is out. And he said something that changed my mind and changed my thinking. He said, don't ask your church members to tithe 10% if you've never taught them how to budget.

[Ian Dunlap]

Yep.

[David Banner]

Tithing only works for people that got a budget. And if we're not teaching economic principles, then we're just running a sanctified Ponzi scheme because we got to show people what is the place of investment and home ownership. I'm going to give an unpopular opinion, but I'm on earn your leisure. So let me say it. One of the culprits of gentrification is the black church because all of them empty buildings is around.

[Ian Dunlap]

Yeah.

[David Banner]

And we don't say nothing because we just driving into the hood to go to the church and then we drive back out to the suburbs without doing any real development. And so it's part and parcel our responsibility to make sure that we're doing the economic empowerment and principles I teach around the country that when Jesus chose the 12 disciples, he didn't choose any of them from seminary. He didn't choose any of them from Bible College. All 12 were businessmen. And he never called any of them while they were in church. He called them while they were at work and said, come on, work with me because I need to see how you work before I put you in ministry. And if the church begins to change its mindset and its mind frame on how we look at economics, I think that we can build a much stronger community.

[Ian Dunlap]

Well, I know three guys who would love to partner with you and help and get back to the congregation because I've always said this is my secular sermon. This is just what I wish I would. Got it. Got in truth.

[David Banner]

Thank you.

[Pastor Jamal Bryant]

So let me ask you this. I'm speaking on that. I know that you have tiny homes that you're developing.

[David Banner]

Yes. So new birth. For those of you watching from outside of Atlanta, I passed a new birth missionary Baptist church in Stonecrest, Georgia. We have the largest land owning black church in America sitting on 365 continuous acres. So we just got a permit from Dekalb county and the city of Stonecrest that we're going to build first some mini homes and then we're going to do senior housing and then do. We're not using affordable housing, but obtainable housing to really build out a model of what I believe that the church ought to look like.

[Rashad Bilal]

Yeah, we spoke. It was probably one of our most legendary conversations in this EYL journey a few years ago at dinner and you were talking about all the stuff that New Worth is doing in terms of giving back and creating initiatives on the acreage. Talk about more of the things that you're doing to encourage entrepreneurship in black business.

[David Banner]

Yeah. So we're doing a couple of things that I think are going to be models not just for the church, but for the urban community in our phase two of our housing. And those of you all who listen is going to resonate. It's going to make sense to you. Write it down. I'm going to give you free game that you got to consider. This is the very first time in American history, first time in American history that there are more 60 year olds than 16 year olds. There are more senior centers, brothers, y' all ain't gonna believe it is more senior centers than they are middle schools. And so a lot of times when we're thinking in terms of business, we're always thinking about young people, but not how do we service that senior demographic. We're going to build senior housing. It's going to be the first of its kind in American history. Senior housing for seniors who have custody of their grandchildren. Four of us who are on this line right now, one out of five of our friends was raised by their grandmother. One out of five of our friends was raised by their grandmother. And there's no senior housing where children can stay past 20 weekend. And so we're trying to build intergenerational wealth in a different way that shows a different kind of model. We already have a health clinic on our campus, but shows how do we really build community. I know that you all are coming, just coming back from Africa. I was in Ghana back in November, and while I was there, I said to my host, take me to the senior housing. I want to see what the different models are. And he said, pastor, there is no senior housing. We take care of our, our ancestors here. It made me really rethink how it is that we're doing it and that we've got to remove the colonial mindset of how it is that we bring family together.

[Ian Dunlap]

Outside of the Bible, what are two books that had the biggest impact on your life that you can share with the audience tonight?

[David Banner]

Okay, so I just finished reading one. I just finished it last week. It's right here, y'.

[Pastor Jamal Bryant]

All.

[David Banner]

Screenshot this $1.9 trillion spent. A love letter to corporations from black people. This, this book is absolutely amazing. The second book is a book by Joy Jury. D R U R Y Post Traumatic Slave Syndrome. Post Traumatic Slave Syndrome, where we inherit the thinking of the generation that went before us without anything. So think about in our own construct where your mother, your father said, oh, don't worry about it, I didn't do good in math. As I said, oh, well, my mama didn't do good in math. Then that gives me a pass then in it. We've got to rethink. I got up, gentlemen, to my church two years ago and repented profusely to my church and said for 50 years of being in the black church, I'm a third generation preacher. I've never seen a church, a black church, give a scholarship to a young man who wanted a CDL license. Never seen the church give a scholarship to a sister that wanted to be an esthetician or a nail tech. The black church adopted W.E.B. dubois and threw away Booker T. As if having a trade and having a skill is secondary.

[Ian Dunlap]

Yeah.

[David Banner]

When all of us know the demand for plumbers is through the roof. Those who know how to fix H Vac is through the roof. And they making money. Drum roll. And have no student loans. And so we got to enlarge what is our lexicon of what we see success and what is the path of it. And I am a product of higher education. My family represent four generations of HBCUs. Last week I gave scholarships to 400 black students to get to HBCUs in one day. 423 did we give full scholarships to. But it was part and parcel of my responsibility to make sure that we enlarge it. And so I'm partnering with job corps nationally. They've got 12,500 young black people who are in job corps and Donald Trump is threatening to take away their funding. And so I'm trying to get churches to partner and HBCUs to partner with them to produce a pipeline so that these young people have valuable opportunities in our options.

[Pastor Jamal Bryant]

How do you feel about. I saw you post something about. It was some, some white pastors that was pretty much saying that they don't see anything that Donald Trump has done is bad. How do you feel about. Let's talk about Christians specifically. A lot of Christian leaders that have championed Donald Trump despite a variety of moral flaws. That's highly evident and disturbing to many. Do you see that as like an oxymoron almost?

[David Banner]

No. It's the last remnant of slave religion. There's always been two Christianities in America. Let's not forget it was Christians who sanctioned slavery, sanctions, lynching. They that the AME Church, the AME Zion Church, the Baptist church was birthed out of segregation. And so we've always had it. What is more disturbing for me is the black preachers who sing from that songbook and put their head in the sand about everything else. I don't know how you justify from a Christian lens that there'll be no free lunch for public school students, that you take away food stamps from mothers, that we're in Georgia, 635,000 black senior citizens are going to be without Medicaid and Medicare. And to say that you line up with the gospel is absolutely erroneous. And so it is disheartening for me that these same preachers who said Kamala Harris was a witch turned around and elected a warlock. And so it's, it's a. It's in. In part and parcel. That's the reason you asked a few moments ago why it is that a great number aren't going to church is for that reason.

[Rashad Bilal]

So I'm Interested. As you said that stat, there's more 60 year olds and 16 year olds. I would assume the same is true for, for the church. So what, how, how do we get the youth, middle age, men, women back to church?

[David Banner]

Yeah, I think by preaching what is relatable. I want to know how is the gospel applying to my life? So when I was a teenager growing up in the youth church, our whole thing was keep your virginity. Now you got 16 year olds who got questions about their sexual identity. They've got words about STDs. When I was coming up, we had to go to my friend's house in the basement to look at his father's Playboy magazine. We didn't have no Internet porn, Instagram, for real. So now when they got access to, they want to know what are real things that you're dealing with. And so the church says nothing about anything sexual other than don't say anything. So you're telling me be abstinent, but you won't speak to masturbation. You're saying LGBTQ is wrong, but you won't say nothing about molestation, won't say nothing about rape. You can say nothing about abuse. And so the full breadth of who it is that we are as a community has got to come forward in the sanctuary because Jesus is not embarrassed to talk about it. I don't know why we are.

[Ian Dunlap]

You're an amazing orator. So for everyone who's in a pitch competition at Invest Fest, how do you prepare every week when you're giving your sermon to your church? And what, like, tips can you give for speakers who may be nervous to get on stage, to have your kind of presence and charisma when they're in front of the judges?

[David Banner]

I'll say this to you. When Donald Trump ran for president the first time he ran against Hillary Clinton, the exit polls said none of them believed Donald Trump had more experience than Hillary Clinton. None of them thought he was smarter than Hillary Clinton. None of them thought he was more integrous than Hillary Clinton. The exit poll said he was more relatable.

[Rashad Bilal]

Right.

[David Banner]

I grew up during the Cosby Show. I grew up during a different world. I grew up watching the Love Boat, Fantasy Island. This generation is the largest generation in television history who was raised by non scripted television love and hip hop, Real Housewives of Atlanta, Black ink. And so when it is that you're speaking, you got to figure out, how am I relatable? Shakespeare said, to thine own self be true. I got the balance of having a GED and I Got a doctorate degree. So when I get up, I'm a quote Jay Z and I'm a quote Shakespeare, because it's going to bring all of who it is that I am. So my congregation looks like every area of my life. So I am married, but I'm also a divorcee, so I bring all of that. And so when you get on that stage, do not become witness protection. Bring the authentication. Yeah, Authenticity is what sells. You can always tell which rapper has their lyrics written for because it never translates. When they lies, they can do it in the studio. But when they get live, the real authenticity of who it is that they are begins to peek through. And so bring your authentic self to. People want to see your flaws, they want to see your scars and they want to see your testimony. Don't just give your data without giving your DNA. Make sure your DNA is wrapped in that data so people can see where are you in this? Where do you identify in this? Where do you relate to this? So make sure that it matches what you're comfortable by then. One of my mentors, Mike Murdoch, said if it doesn't burden you, it's not assigned to you. You should only speak to stuff that is an issue to you.

[Ian Dunlap]

That's a great lesson.

[David Banner]

Yeah, I'm not getting on. Earn your leisure to do an interview about climate change. It's important. It's important. It's valuable. Just not to different trash cans outside of my house.

[Pastor Jamal Bryant]

Yeah.

[David Banner]

So I gotta speak to what it is that I know and what it.

[Rashad Bilal]

Is that I can take care of the world I know.

[David Banner]

And don't let chat, GPT and Google be your own only research engines.

[Ian Dunlap]

Thank you.

[David Banner]

You got to see, where do I see it out of my own lens. When Jesus was talking to housewives, he talked about a lost coin. When he's talking to fishermen, he talked to fishes of men. So you got to speak to who is in that audience and where it is that you find yourself connecting in it.

[Pastor Jamal Bryant]

Where do you. So I see you, you're doing a lot of things outside the realm of what a lot of traditional pastors, black or white pastors do. Right. Like you've championed, you know, human rights in Gaza. You talk about political, you know, upward mobility, you lead in boycott, you heavily involved in politics. Are. Is that something that you've always just looked at yourself as somebody that's just bigger than just the church, or are you strategically doing this? Like, are you going to be running for, for governor or something like. Or is this part of your roadmap?

[David Banner]

Yeah, I wouldn't pass the background check, so ain't no way I'm running for nothing. I'm saying right where I am. They only made Jeffrey Epstein's list disappear.

[Ian Dunlap]

Others of us still got list out.

[David Banner]

Here, but here's the reality. 92% of what Jesus did was outside of the church. 92% of what the church does is inside. So we missing it. Reinhold Niebuhr, a great theologian, said you ought to have a Bible in one hand and a newspaper in the other. And so I think that we got to go beyond stained glass windows and really hit the street corners to. To really do what is effective and what is substantive and meaningful. And I think that that's what real ministry is supposed to look like. The reality is Martin Luther King Jr. Never pastored a church that had more than 400 members, but he changed the world because he got outside of that building. And so I think that you can't limit your assignment to the space that you're in, but you've got a dream so big that if God don't get involved, you'll get embarrassed that the only way that it's gonna work is that you got the God factor working with you.

[Rashad Bilal]

You. You alluded to something earlier, and at the time, I don't know if you were married then, but you are a divorcee. You said that you've been both. Talk about the role. Because I. When I watch you on Instagram now, it's like it's a totally different glow to you now.

[David Banner]

It's like, man, I'm neon. I'm glowing in the dark, brother.

[Rashad Bilal]

Talk about the role that marriage has played on you this time around, man.

[David Banner]

Listen, it settles you. I champion marriage. Drum roll to the right person, not just marriage. Marriage is the most significant soul decision and financial decision you're ever make in your life. Who you are married to will help elevate you to your assignment, or it'll derail you from your goal. And if you don't have the right partner, it's gonna be a sinkhole. Thank God I got the right person. So listen, I'm. I'm walking on sunshine.

[Pastor Jamal Bryant]

I'm.

[David Banner]

I'm in a good place. I was divorced for 11 years, but I got some. Somebody who is. And I want to say it for gentlemen to hear me, who is my intellectual peer, who I can really sit through and talk through ideas and concepts. A lot of people we like the women we want don't have the right body type.

[Ian Dunlap]

Wait, what? Wait, hold on.

[David Banner]

What I'm saying to you is a lot of times when we choose, it is based off of the physical, okay. And not the mental and the emotional. And the physical ones we drawn to don't have the intellectual capacity for you to brainstorm with, so you ended up doing it by yourself. You got to find yourself to blend with a mixed blend who is able to really entice you emotionally, spiritually, physically and financially. Somebody who can push you over the ledge but still got a parachute on their own back.

[Rashad Bilal]

Like that.

[Ian Dunlap]

How did you know your wife was the one for you, man?

[David Banner]

Listen, because she challenged me. See, the right woman knows how to play football. The right woman has got to be your number one cheerleader. Cheerleaders only come out to the game when you losing. The right woman has got to be your fan. You're still excited about every down you make. The right woman has got to be your coach that will talk to you in the headset without embarrassing you out loud. The right woman has got to be able to help you with knowing the right play and say, hey, maybe we should take a knee or we gotta settle for a field goal and come and do a touchdown later. The right woman has got to be a sideline doctor to help heal you after you have been tackled to say that a touchdown is still possible. And so once you get that one person on that team, and I found that one person, shout out to Dr. Carrion O' Brien has really helped me because I didn't even think I'd be able to get married again. I had an Achilles heel. There wasn't no way in the world I was gonna be able to get there with a pulled hamstring. But she pulled me back together, and I've got greater focus, I've got greater commitment, and I've got greater drive because I got the right woman on my side.

[Rashad Bilal]

Amen.

[Ian Dunlap]

That's a hell of an answer, man.

[Pastor Jamal Bryant]

Thank you, Brian. Thank you for coming on. Before you leave, I gotta ask you about Invest Fest. You will be at Invest Fest this year, City of Atlanta. I thought it was just very appropriate, especially with all the economic stuff that you're doing outside of Boycott. You know, as far as everything that we talked about and more, what's your wish? Are you excited about Invest Fest? What's your thoughts on Invest Fest in Atlanta?

[David Banner]

Let me say this to you. Two things. One, I'm excited about Invest Fest. I want to challenge pastors to come, church leaders to come, to begin thinking outside of the box. I'm thinking a different way. And then I'm going to give A challenge to my brothers on Investual Leisure for 2026. I want to do a Invest Fest 2.0 that is just for the black church. I'm going to host it for you for free. On how you stop gentrification around black churches. How black churches can begin. Start thinking strategically financially, how black churches can be financial incubators. When I was growing up, they don't have no more much outside of the Navy. Black churches used to have their own credit unions. Black churches, depending on how old your grandmother was, used to have Christmas clubs. On how they would save all year round over the Target boycott. I bought five black mega churches together and turned them into black malls with a hundred black businesses in them. And so I want to do a different. We can talk about it offline, but I've been. I was waiting to see you, but. So now I'm seeing you. But I think that the church really needs a different kind of strategic conversation. The largest, and you all know it, the largest real estate manager in the world is the Catholic church. The Catholic Church owns more real estate than any company. Second to them is McDonald's. We don't even have the data on how much property black churches own. So what if we had a conversation on black churches becoming solar farms? You got me? We bring them together under your umbrella and figure out how it is that we do collective bargaining with banks. If I'm bringing you 5,000 churches and we going to Truest or, or Wells Fargo, then there's gotta be a different kind of arrangement. And I think that the black church is a economic incubator that is a sleeping giant. And I'm saying transparently, I need yalls help so that I can help mobilize the church. I'm going to say this in closing, Invest Fest, y' all gotta come because economic empowerment for black people is a revolutionary act. If you don't remember nothing else I've said tonight, I want you to remember they never. The Klan never bombed the NAACP office. They never bombed the Urban League office. They never bombed a rainbow push office. But they bombed black Wall street because they understand the power of black economics is a threat against white supremacy. And so we really do this the right way. I think that the revolution will not be televised. It's going to be live on YouTube for investual leisure. I'm glad to be a part of it.

[Pastor Jamal Bryant]

Appreciate it. Appreciate it. My brother.

[Rashad Bilal]

Always a pleasure, my brother.

[Pastor Jamal Bryant]

Thank you.

[David Banner]

See you soon. Hey, man, don't wear them silk pajamas this year. Put on a suit.

[Ian Dunlap]

Oh my God.

[Pastor Jamal Bryant]

Pajamas.

[Rashad Bilal]

That Is by request.

[Ian Dunlap]

That is hilarious. Hell of an orator.

[Rashad Bilal]

Oh man.

[Ian Dunlap]

I mean media master class.

[Rashad Bilal]

We. I think we spent probably three hours at dinner one night with him and just what we walked away like. Yo, that was incredible. Just an incredible dude, man. Funny guy too.

[Pastor Jamal Bryant]

Invest fest your leisure.

[Rashad Bilal]

Invest. Yeah Mike, I saw you text me work on it.

[Ian Dunlap]

But even to ask at the end he came deliver value through his proposal out to the public. Even in the guests. There's a lot to learn the gym about. Yo, you gotta have a football place.

[Rashad Bilal]

Go get intellectual equal. Yeah, that's tough to find. That's tough.

[Ian Dunlap]

It's tough.

[Rashad Bilal]

But she's there.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

I'm praying for y'. All.

[Pastor Jamal Bryant]

Shout out to Pastor Jamal, Brian, man. Good dude. Like I said. We actually had dinner with him years ago in Atlanta and because you know, he's from Baltimore originally.

[Ian Dunlap]

I know that.

[Rashad Bilal]

But yeah, yeah.

[Pastor Jamal Bryant]

Funny guy, man.

[Rashad Bilal]

Very, very hilarious.

[Pastor Jamal Bryant]

Hilarious, entertaining, intelligent.

[Ian Dunlap]

And.

[Pastor Jamal Bryant]

This target boycott is something that no matter how you feel about it, it's, it's.

[Ian Dunlap]

It has worked. It's been effective. Brian, you're gonna have to retire. I know you've been there. When Brian get there. 2013, 2014, my boy, you need to wrap this up. That little 300000 you gave him a little passage out your pocket. Not gonna. Not gonna cut it. Whatever.

[Rashad Bilal]

That was kind of why I was intrigued. Why only them. But obviously he said Dollar General is next. But there's plenty of companies. Walmart is involved and they cut back. I mean maddening. There's a bunch of companies.

[Ian Dunlap]

Walmart. Walmart met a bigger than program. You gotta wait.

[Rashad Bilal]

So we gotta be strategic.

[Ian Dunlap]

You gotta be strategic. But you started off strong.

[Rashad Bilal]

Yeah. At first they did not they. So they. I think one of the things and the big mistake is obviously what they did in terms of, you know, doing away with the initiatives and things that they promised. But the other part was trying to ignore that it was happening right at one quarter was. You know, sales are just down two. We're going on four quarters now here where you. You haven't been in the green.

[Ian Dunlap]

It's tough that. What was the high? 262. Yeah. 268.98 in 2021.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

And this is how one on 160.

[Rashad Bilal]

Yeah. Back to school's high season for them. Holidays obviously high season for them. They can't turn around in this quarter, man. Yeah. CEOs gonna have to be.

[Ian Dunlap]

It's gonna be tough. I was in there the other day at cvs. It was look like walking Dead in there.

[Pastor Jamal Bryant]

But that's something maybe we can collaborate on as far as, you know, having a discussion with the church hierarchy. Because we talked about this before, even on Blackout, when we had a couple conversations about the church. But traditionally, the black church has been this. The largest black business in the black communities. If you go to any black community, there's more black churches. In any other form of business, there's more black churches than grocery stores.

[Rashad Bilal]

That's true.

[Pastor Jamal Bryant]

So for better or worse, no matter how you feel about that, the me, the fact that there's so many churches there, there's money that's coming in not just from tithing, from a variety of other different factors. I mean, this is land. This is real estate. This is, you know, so if done correctly, like he said, I mean.

[Rashad Bilal]

What'S the value?

[Pastor Jamal Bryant]

The Mormon Church has an investment fund.

[Ian Dunlap]

Fund.

[Pastor Jamal Bryant]

Billions of dollars. The Catholic Church is just in real estate. Largest landowner in the world. I mean, we can go on the Jesuits. The Jesuits, they own a lot of stuff. So, I mean, why not?

[Rashad Bilal]

Gotta do it.

[Ian Dunlap]

It's long overdue.

[Rashad Bilal]

Yeah, shout out to. I saw somebody in the comments. And the Color of Money. If anybody hasn't read that book, it talks details about how the church played a role in black economics, man. So. Yeah, he's right. He's right.

[Ian Dunlap]

Shout cvs, though, inside of the Target. I didn't mean you individual.

[Rashad Bilal]

Yeah, because I thought you said you was in. You was at cvs in Target.

[Ian Dunlap]

I was cvs.

[Rashad Bilal]

Okay. Gotcha. Got you. Gotcha, gotcha.

[Pastor Jamal Bryant]

Oh, you went inside of Target.

[Rashad Bilal]

At the pharmacy, though. You was at the Farmers. He wasn't really there. He was at the.

[Pastor Jamal Bryant]

Because, you know, that's one of them.

[Ian Dunlap]

CL me on them emails. Well, my brother, you broke the boycott, so you can't. You know, the next.

[Rashad Bilal]

The screenshot gonna look crazy.

[David Banner]

I know.

[Rashad Bilal]

I saw him in there.

[Pastor Jamal Bryant]

Cross the line.

[Rashad Bilal]

Damn, bro.

[Ian Dunlap]

Eight Mile rap. You gotta get in front of it before it come out.

[Rashad Bilal]

Get it? I was at tvs. Got you.

[Pastor Jamal Bryant]

Okay. Okay.

[Rashad Bilal]

So you think so.

[Pastor Jamal Bryant]

All right. Good conversation.

[Rashad Bilal]

That was dope.

[Pastor Jamal Bryant]

Ah, shout out to Jamal Bryant, man. He'll be at Invest Fest looking for. You know, we got him and we got Pastor Mitchell. Yeah, I mean, we got both of them.

[Rashad Bilal]

Yeah, I was gonna ask him about that.

[Pastor Jamal Bryant]

Different times.

[Rashad Bilal]

Just the dip. Like when you talk about relatability, he's obviously mastered that.

[Pastor Jamal Bryant]

I think that they're polar opposites.

[Rashad Bilal]

Yeah, that's what I'm saying. How is he viewing this?

[Pastor Jamal Bryant]

How's he doing? What?

[Rashad Bilal]

How is he viewing it like as you're watching somebody that Pastor Mitchell.

[Ian Dunlap]

Yeah.

[Pastor Jamal Bryant]

How's he viewing Target Boy?

[Rashad Bilal]

No, no no no.

[Pastor Jamal Bryant]

How.

[Ian Dunlap]

Deep today?

[Rashad Bilal]

No, I don't think so.

[Ian Dunlap]

Okay.

[Rashad Bilal]

Nah.

[Pastor Jamal Bryant]

All right. All right.

[Ian Dunlap]

Okay.

[Pastor Jamal Bryant]

Anything else we need to talk about or we go. Let me just.

[Rashad Bilal]

I'll scroll through these notes. Let me see. We talked. We did the Palantir.

[Ian Dunlap]

Did they Loki destroyed dollar I mean dollar general as well.

[Rashad Bilal]

Oh hey this was. I think this is the audience question Ian. I guess we can all answer it on S P and because I know people are going to ask this right We've hit new highs the S P founded and that's that continue to push new highs. Are we seeing a liquidity fueled rally or something fundamentally sustainable beneath the surface?

[Ian Dunlap]

Honestly the stock market may be the last vehicle that people can invest in that does not have a bunch of guardrails on it. VC angel investing certain parts of commercial real estate are really tough. These games are real. The greatest companies in the world are bundled up in these portfolios. I know everyone keeps waiting for a pullback. I honestly with VO and a couple of other ETFs if they calibrated them differently I think they could be higher. I have VO going to 607 by end of the year. 607.34 which is crazy to even think about or say but these are real gains like people have to deploy capital and because the cost of living is getting so high the big beautiful bill is going to add trillions of dollars of debt. Cost of living is so high. What's the alternative? The job market is not keeping up with pace of inflation. It's the only vehicle you can almost put something put money into and be okay.

[Pastor Jamal Bryant]

So back before invest pass for sure.

[Rashad Bilal]

I'm. I'm saying that yeah for sure And.

[Ian Dunlap]

I'll tell you right on stage right after Magic Johnson what prices to invest in and we can see if we'll be on the yacht do market Mondays there the the. The week after but I got you on stage I got you we we're.

[Rashad Bilal]

Here this time I agree with you. I think this is a real rally. I don't that word bubble gets brought.

[Ian Dunlap]

Up but it's no bubble.

[Rashad Bilal]

This isn't a bubble. When you look at what the the the especially the max 7 all the infrastructure all the capex that they're spending inside of AI you can see that this is something that's going to be here for a while. I still think it's early innings. I know last year we asked people like where we at? They're like it's still the second inning. It's still early man. It's still early.

[Ian Dunlap]

And to be very honest this okay, the dot com bubble burst. Wish they could have been this like this era of tech has over delivered almost on every promise. There's companies in China and Korea that are delivering at a higher clip than some companies in 2010. This is not a short lived rally. This is going to go on and it's even bleeding into once again Microsoft, that healthcare AI platform they have can diagnose better. I kept that's the next move. Apple dropped the ball because you had project titan for the EV car ego. Microsoft keeps doubling down on the areas that matter and if they get that thing to scale, which they should, Sam, you can go bye bye. We'll get our percentage and we'll take over healthcare.

[Rashad Bilal]

That, that's the. I feel like that's like one of those final frontiers, right? That health intelligence. You know who the CEO of, of their AI health intelligence is or where he comes from. This is this. You probably get this. It's easy.

[Ian Dunlap]

I do.

[Rashad Bilal]

But tell us from Google.

[Ian Dunlap]

All these amazing tech companies once again that meta vs. AI vs. Apple and Microsoft and everyone against Apple. That's the real war. It's a real war. Zuckerberg just stole the head of Apple's emergent AI division and put him in Meta Superintelligence Pro. That's the Avengers. What they knows, you know how happy you got to be and how rich you know you're gonna be to like surf on fourth of July in the Eagles outfit. Yeah.

[Rashad Bilal]

Just for the hell of it.

[Ian Dunlap]

Tim Cook go to chairman. It's time though.

[Pastor Jamal Bryant]

Been a hell of a run.

[Ian Dunlap]

It's been a great run.

[Pastor Jamal Bryant]

All right, all right guys. It's been real time for a person.

[Ian Dunlap]

To gave you those Tom Ford glasses or.

[Rashad Bilal]

Ah.

[Pastor Jamal Bryant]

The Tom Ford Play.

[Ian Dunlap]

They're not AI.

[Pastor Jamal Bryant]

Dr. Jamal Bryant will be at Invest Fest, ladies and gentlemen. Put that on your calendar. We will be announcing a full run of show in a couple of weeks so you can schedule. But I'll say this, if you can plan to get there at 10 o' clock on Friday and leave at 8 o' clock on Sunday because everything is worth it.

[Ian Dunlap]

Ideally Monday morning because that's what Sunday.

[Pastor Jamal Bryant]

8 o' clock on Sunday is when it's so Monday.

[Rashad Bilal]

Catch them on early morning, Monday morning flight, you can get back to work, you'll be fine.

[Pastor Jamal Bryant]

Early five o' clock in the morning. You never know.

[Rashad Bilal]

We might do something Monday night though. You Just might want to.

[Ian Dunlap]

Hello.

[Pastor Jamal Bryant]

Yeah.

[Ian Dunlap]

Traditionally not be live that night.

[Rashad Bilal]

I mean, traditionally.

[Pastor Jamal Bryant]

Yeah. Monday. Yeah. Block out. Yeah, yeah, Monday. Leave a leave on Monday because you don't want to miss Sunday. Sunday night.

[Ian Dunlap]

Thanks to all 6700 of you who tuned in tonight for, like, the old day.

[Rashad Bilal]

Man, that's love, man. And I think. Shout out to Chanel. She was in the chat. Somebody. She. She said that January is a money month, traditionally in the third quarter. July has been the best month historically. I guess that's what she's getting that data from. But, yeah, that's true. I don't. July, obviously. August and September. And July is the best month to invest in.

[Pastor Jamal Bryant]

Yeah.

[Ian Dunlap]

July positive every month since 2015.

[Rashad Bilal]

Yep, yep.

[Ian Dunlap]

I'll continue. Run.

[Rashad Bilal]

There you go. Go with the data.

[Pastor Jamal Bryant]

There you have it. Ladies and gentlemen. It's been tremendously real.

[Rashad Bilal]

Love is love.

[Pastor Jamal Bryant]

Blackout on Wednesday. David Banner on Thursday. Yes.

[Rashad Bilal]

Happy birthday to our brother, man. Alvin. What's going on? It's our brother Alvin's birthday today.

[Pastor Jamal Bryant]

Today.

[Rashad Bilal]

Today is his birthday. He is actually. I think he's gonna be here. We're gonna be with him tomorrow, man. He's gonna be in town, so shout out to him. Happy birthday to him, child. Shout out to. To Juan and Tiff twins from our town. Their birthday is tomorrow. Shout out to everybody that's having a birthday. My nephew, actually. Happy birthday to him. Yeah, man.

[Ian Dunlap]

True. Got a little one on the way. Too soon. I love you, my brother.

[Rashad Bilal]

Yo, congrats to Drew. Shout out to Philly. Shout out to his restaurant. If you haven't checked out his restaurant, go check it out.

[Ian Dunlap]

And prayers to everybody in Texas with the flood and travesty that happened this weekend. Yeah, hit that mute button real quick before y' all get in trouble.

[Rashad Bilal]

Gotta clear. Gotta.

[Ian Dunlap]

You doing too. Shout out to the boy. I'll see you.

[Rashad Bilal]

Shout.

[Ian Dunlap]

Fight back. Fight back. Keep fighting back. A couple little collabs, you'll be all right. Shout. Tv. Gucci. Baka.

[Pastor Jamal Bryant]

Okay. Okay, ladies and gentlemen, it's been real. And just remember, if you're hating, you'll always be a loser.

[Rashad Bilal]

We see it all. We see it all.

[Pastor Jamal Bryant]

Love y'.

[Rashad Bilal]

All. Keep doing, y'. All.

[Ian Dunlap]

Oh, my God.

[Rashad Bilal]

Brothers. Love. Y'. All. Be good.

[Ian Dunlap]

No, it's not.

[Rashad Bilal]

We see it all. Make this your new thumbnail.

[Pastor Jamal Bryant]

And this is live. Who said that? This don't be live. What's her name?

[Ian Dunlap]

No, that's real life.

[Pastor Jamal Bryant]

What's the. What's her name? Kayla. Kaylee.

[Rashad Bilal]

Yeah, go back up.

[Ian Dunlap]

And I'll be Real if it's live or not. What difference will make if you execute on information?

[Rashad Bilal]

This don't be live.

[Pastor Jamal Bryant]

Manifestation Beauty bar.

[Rashad Bilal]

Shout out to your business, this is live. What you mean?

[Pastor Jamal Bryant]

Support black business. Go to her beauty bar. Support that and cash out.

[Ian Dunlap]

Nigel said we lie for once. Live the information that I give you.

[Rashad Bilal]

What you mean live for one?

[Pastor Jamal Bryant]

Live your brokerage account, please.

[Ian Dunlap]

For real. Come on.

[Rashad Bilal]

Open that up. Check on that.

[Pastor Jamal Bryant]

Try that.

[Rashad Bilal]

Yo, man.

[Ian Dunlap]

Respectfully.

[Rashad Bilal]

Respectfully, of course. Everything live.

[Ian Dunlap]

Y' all missing out on millions trying to be a stream groupie. Invest money, man. Is it the camera? Go invest.com. that's the new site. Go invest.

[Rashad Bilal]

We are live. All right. Be good. Next week maybe, perhaps.

[David Banner]

When your company.

[Ian Dunlap]

Earns unlimited 2% cash back on all purchases with Capital One.

[David Banner]

That's serious business.

[Ian Dunlap]

So Stephen at Sandcloud got a serious.

[David Banner]

Business card, the Spark Cash plus card from Capital One.

[Pastor Jamal Bryant]

We used our 2% cash back to help build our retail presence.

[Rashad Bilal]

Savvy Steven.

[Pastor Jamal Bryant]

And we get big purchasing power so our business can spend more and earn more.

[David Banner]

The Spark Cash plus card from Capital One.

[Rashad Bilal]

What's in your wallet? Terms and conditions apply. Find out [e-mail] SparkCashPlus.

[Troy Millings]

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