MM #278: Government Shutdown, New Trump Tariffs, Nvidia’s Big Threat, & $55B EA Sports Deal

Summary

Market Mondays Ep. 278 (Sept 30, 2025)

Topic: Government Shutdown, New Trump Tariffs, Nvidia’s Big Threat, & $55B EA Sports Deal
Hosts: Earn Your Leisure (Troy Millings, Rashad "Shoddy" Bilal, "Dave"), Ian Dunlap
Network: EYL

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Brief Overview

This Market Mondays episode dives deep into the latest macroeconomic and market news, focusing on strategies to thrive in any market environment. The team discusses the impending U.S. government shutdown, Trump’s sweeping new tariffs (from pharmaceuticals to furniture and even movies), emerging threats to Nvidia in the AI chip race, and the blockbuster $55 billion take-private deal for EA Sports. The show also features real-time investment advice, sector breakdowns, and a candid look at the intersection of politics, technology, and wealth-building.

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Key Discussion Points and Insights

1. Healthcare Sector Outlook & Trump’s New Tariffs

Timestamps: 09:45–17:45

• Performance Review: Healthcare stocks have suffered due to high-profile events (e.g., Ozempic lawsuit, new tariffs on overseas pharmaceuticals).
• Tariff Impact: Trump has imposed 100% tariffs on foreign pharmaceuticals unless manufactured in the U.S., incentivizing domestic production.

  “If you’re not building a plant inside of the United States, that’s where the tariffs come in.” – Troy (12:52)

• Stock Picks: Ian likes only Eli Lilly, ABBV, and Stryker in healthcare for long-term portfolio inclusion, citing strong leadership and alignment with U.S. policy.

  “You only need four stocks to become extremely rich.” – Ian (17:52)

• ETFs & Allocation: XLV ETF top components (Lilly, Johnson & Johnson, ABBV, UnitedHealth) are recommended for a watchlist, but expectations should be tempered.
• Johnson & Johnson: Considered stable but not a growth leader; more attractive to dividend-focused investors.

2. Government Shutdown: Market Impact

Timestamps: 25:51–31:29

• Shut Down Risks: Looming government shutdown over funding disputes; historical occurrences.
• Stock Market Effect: Minimal impact on equities; markets tend to ignore shutdown noise.

  “Non factor when it comes to publicly traded equities…the market is permanently rigged to stay up.” – Ian (26:56)

• Political Dynamics: The team discusses the performative nature and political gamesmanship behind shutdowns.

  “This is a farce…organized chaos.” – Ian (30:54)

• Duration Predictions: Historically short (3–4 weeks); largely media/political front but disruptive for actual workers.
• Long-Term Concerns: Repeated shutdowns erode trust in U.S. stability.

3. Trump’s New Tariffs: Scope and Implications

Timestamps: 34:23–41:39

• Details: 100% on foreign pharmaceuticals, 50% on kitchen cabinets/bathroom vanities, 100% on foreign-made movies, 35-50% on various metals and imports.

  “He put a 100% tariff on movies that are produced outside the U.S.” – Troy (35:26)

• Purpose: Incentivization of domestic manufacturing, creation of U.S. jobs. Panel skeptical of lasting execution.

  “These are just ideas…see who bites. Use as negotiating tool.” – Troy (36:30)

• Restoration Hardware: Example of a company hit hard by tariffs; not a recommended long-term investment.

  “Restoration Hardware is a trade only. It is not a good long-term investment.” – Ian (39:03)

4. Nvidia’s Big Threat? AI Chip Market Competition

Timestamps: 47:25–51:45

• Huawei’s Challenge: China’s Huawei unveiled a roadmap to compete with Nvidia in AI chips, but the panel is highly skeptical.

  “Every time a brand says ‘Apple killer’, it hasn’t panned out… If they were, they would just launch it.” – Ian (49:28)

• Moat Strength: Nvidia’s integrated hardware, software, and networking create an untouchable advantage.

  “Nvidia’s full AI infrastructure package is so efficient competitors can price chips at zero and Nvidia’s still the better option.” – Ian (51:45)

• OpenAI Academy: OpenAI’s release of prompt packs further cements their lead, drawing parallels to Microsoft’s dominant early years.

5. Media, Data, and Political Power

Timestamps: 54:39–66:41

• TikTok U.S. Acquisition: Discussion on Larry Ellison, Oracle, Silver Lake, and far-right media controlling TikTok’s U.S. user data.

  “We live in a society where less than 10 people control 98% of the narratives and stories that we're actually consuming.” – Dave (62:17)

• Data Ownership: Caution about concentrated media control, influence over news, entertainment, and future tech (gaming, social, streaming).

  “If I get the kids at TikTok, if I don't get them on TikTok, I'm gonna get them in gaming.” – Troy (64:49)

• Strategic Moves: Saudi, Silver Lake, and U.S. billionaire investors quietly building a cross-platform media/data entertainment juggernaut.

6. $55B EA Sports Deal: The Future of Gaming & AI Integration

Timestamps: 74:51–85:16

• Deal Summary: EA taken private by a Saudi-led group (Silver Lake, Affinity Partners, PIF), in the largest cash take-private deal to date.

  “EA Sports will go private in the largest deal so far. $55 billion.” – Dave (75:43)

• Why EA Matters: Beyond sport games, the vast user data, tech, and mass audience are levers for next-gen AI, VR, and digital integration.

  “This is not about video games. This is about integrating into artificial intelligence and having the user base.” – Troy (81:24)

• Monopoly Building: Discussion on how these moves mirror the U.S. playbook of controlling media/war narratives through entertainment.

7. Practical Investing Q&A: Advice for Callers

Timestamps: 86:33–118:20 (Interspersed)

• Retirement Strategy: Stay invested to beat inflation; “getting down the mountain” is as challenging as accumulating wealth.

  “The worst thing you can do is take money out of a portfolio when it’s a down year, because then you compound...your losses.” – Dave (89:58)

• Buy Targets Shared:
  • Microsoft: $498.88
  • Oracle: $218.92
  • Palantir: $14.78
  • Google: $236 flat
  • Broadcom (AVGO): $293
  • Nvidia: $163.50
• Sector Outlooks:
  • Retail: “Walmart, Costco, Amazon” are only investable; others are “toxic.”
  • Lululemon/Nike: Cautioned due to exposure to supply chain/material concerns.
  • Volatile ETFs: Advanced/leveraged ETFs not for beginners – must have strict risk controls.
• Dollar Cost Averaging: Price always matters; have a plan for entry/exit, even if you’re allocating monthly.
• Caller Portfolio Review: Importance of avoiding speculative “side pieces” in your main portfolio; start with index funds if you’re struggling.

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Notable Quotes & Memorable Moments

• On Market Cycles & Government Chaos:

  “This WWE ass dance every time…this is a farce. Some real issues they don’t like each other on. But I think this is organized chaos to get certain parties to move.” – Ian (30:54)

• On Concentrated Wealth & Media:

  “The four richest people in the world own media, digital enterprises…Most people’s education is off Instagram.” – Ian (66:41)

• On Nvidia’s Dominance:

  "Nvidia monster. No. If they were launching a quantum-based chip, maybe. But every ‘killer’ chip never pans out." – Ian (49:48)

• On Wealth Building:

  “You only need four stocks to become extremely rich. Allocation and best use of capital matters a lot.” – Ian (17:52)

• On Retiring Wisely:

  “When climbing a mountain, the real goal should be to get back down. In retirement, the strategy to get down is just as important as the ascension.” – Dave (88:28)

• On Monopoly Construction:

  “The name of the game in America has always been monopoly, though. It’s just not hidden how it used to be.” – Ian (65:16)

• On the EA Deal’s Global Significance:

  “This is the tech version of a guy who offers 3.6 on a house worth $400k. Is FIFA and NBA Live that valuable? Maybe not, but as media, to display your messaging…this is them doing in reverse what the U.S. did.” – Ian (79:42)

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Timestamps for Key Segments

• Healthcare/Trump Tariffs: 09:45–17:45
• Government Shutdown: 25:51–31:29
• Trump Tariffs & Restoration Hardware: 34:23–41:39
• Nvidia’s Competition: 47:25–51:45
• AI, OpenAI Academy, Media Power: 54:39–66:41
• $55B EA Sports Deal: 74:51–85:16
• Q&A/Retail/ETFs/Retirement: 86:33–118:20
• Actionable Buy Targets: 94:58–101:01

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Tone and Style

The conversation is lively, insightful, and candid—laced with humor, hip hop references, and practical wisdom. The hosts cut through hype, challenge each other and callers, and consistently prioritize actionable steps and wealth preservation.

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Summary for Non-Listeners

This episode provides a comprehensive breakdown of the current market and political landscape, delivering actionable stock guidance set against the backdrop of major sociopolitical shifts and landmark business deals. You’ll leave with clear buy points for key stocks, an understanding of how global power structures—from Saudi Arabia to Silicon Valley—are shaping your investments, and a serious call to stay proactive, informed, and community-centered in building long-term wealth.

Transcript

[Troy Millings]

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[Ian]

I'm no tech genius, but I knew if.

[Troy Millings]

I wanted my business to crush it.

[Ian]

I needed a website. Now, thankfully, bluehost made it easy. I customized, optimized and monetized everything exactly.

[Troy Millings]

How I wanted with AI.

[Ian]

In minutes, my site was up. I couldn't believe it. The search engine tools even helped me.

[Troy Millings]

Get more site visitors.

[Ian]

Whatever your passion project is, you can set it up with Bluehost. With their 30 day money back guarantee, what do you got to lose? Head to bluehost.com that's B L U E H-O-S-T.com to start now.

[Troy Millings]

Yeah. Glorious Monday, ladies and gentlemen.

[Ian]

And we are back.

[Troy Millings]

We are. We are Glorious Monday.

[Ian]

Yeah.

[Troy Millings]

That. Everyone's doing well. Their families are doing well, their loved ones are doing well. It is the end of the third quarter.

[Ian]

I know. Fourth quarter is here.

[Troy Millings]

Yeah.

[Ian]

Let's get y' all prepared to make some money.

[Troy Millings]

You know what happens in the fourth quarter, man. That's when the lights come on.

[Ian]

That's when it's on. The sharks come out. Shout out to y'.

[Troy Millings]

All.

[Ian]

Those two but down.

[Troy Millings]

Yeah. Shout out to everybody in Vegas. Shout out to the Clover team over there. They. It was dope, man. We got to sit down with Robert Herjavec, which was a great conversation. Shout out. Shout out to our brother Beatty. Beatty. What up?

[Ian]

Shout out to bd.

[Troy Millings]

Yeah, bd Put the play together for us. So shout out to him. Happy to be back. Made sure that we were here for y'. All. Live and direct, no matter what. Everybody's healthy. How you feeling, man?

[Ian]

Feel great, man. In my happy place. So God is good. So are y'.

[Troy Millings]

All.

[Ian]

So is Xander. If I made you money, please put yes in chat. Had to come home for a second recharge. Shout out to the UTA team for getting some things done. Be quiet.

[Troy Millings]

Yeah. You know, big announcements.

[Ian]

Yeah. Soon reach. Yep.

[Troy Millings]

Shoddy. How we feeling?

[Ian]

How you feeling?

[Troy Millings]

Yeah. What's up.

[Ian]

You and the money. Green too, my boy.

[Dave]

Gotta do it, gotta do it. It's all good, man. Welcome back to Market Mondays, greatest show on earth. Shout out to all of the day ones out there. Edwin, what's good?

[Troy Millings]

Hey, when I wrote the notes down from your post, Bro, again, 2026, I.

[Ian]

Feel you for real.

[Dave]

We got a lot to talk about, man. But first and foremost, definitely want to say shout out to Las Vegas, man. He was out there, showed us so much love. Did the. The Barber Expo. Shout out to the Squire team. Now that's family Dave and the whole team. And shout out to Jay, who runs the Barber Expo. But that's my second time speaking at the Barber Exports, working Connecticut. And I spoke in Vegas, you know, and I always. I always had a deep appreciation for the barbers out there because for sure, they're like the original entrepreneurs in the neighborhood as far as, you know, working around the clock and, you know, having real estate play as far as the. The barbershop, brick and mortar, putting it together and employing people. So shout out to all the barbers all over the world, man.

[Troy Millings]

Essential workers. Essential workers.

[Dave]

Yeah, yeah, you guys make the world go around. Then we also did the Shark Tank summit. Yeah, well, Clover, Shark Tank something.

[Ian]

Yeah. Partnership with. Yes.

[Dave]

Shout out to Clover. So, yeah, we interviewed Robert. So, man, that was a good weekend.

[Troy Millings]

Yeah, he was on. It was a great conversation. He was on fire. I told him that's the fourth shark that we've now sat down with. And they've all equally been great conversations. Obviously, Mark Cuban people got to see that here on Market Mondays twice. Damien, we did the episode where Barbara was incredible. Even the stuff that wasn't recorded with Barbara was just like hilarious. And then Robert, yesterday was dope. So hopefully, you know, the world will be able to see that very shortly, man. Looking forward to that.

[Dave]

Rich. Just rich.

[Ian]

But if you didn't see it, you can go to inc.com and see.

[Troy Millings]

Yeah.

[Ian]

That'S true.

[Troy Millings]

The boy we ink now. Hey, real ink.

[Dave]

I definitely want to say we have earn your leisure this Thursday. Well, before that blackout. We back with Blackout. 10:00 clock on Wednesday.

[Ian]

We got a lot to talk about too.

[Dave]

Yeah, it's a lot going on.

[Troy Millings]

In the world.

[Dave]

You also will be back for earn your leash at six o'. Clock. Chef Lorena.

[Troy Millings]

Yeah, yo, interesting story, man. Just she actually was at Invest Fest. If you have VIP night and you saw that South African cuisine that was actually Chef Lauren and her story's dope, man. Didn't come from culinary still. Wasn't the traditional culinary like food has been my life. She was just somebody that enjoyed making food and enjoyed the, the taste and the feel of people eating the food and started a career in it, man. So she's got a dope idea, a dope, innovative way, innovative way to do business with these like supper clubs. I was, I was educated. I'll be honest with you. I didn't, I, I've heard of supper clubs. I haven't really attended one. And then when she broke down how it works, I was like, oh, that makes a lot of sense. So that's gonna be a dope conversation.

[Ian]

Yeah, we gotta turn your mic up. Speaking of great conversations, got your voice too important.

[Dave]

How, how's it sound now? Chat. How I sound?

[Troy Millings]

Chat, chat. He live. How we doing on his, on his vocals sounding? I put it, I put the vocals to the max.

[Dave]

How we sounding? How we sound?

[Troy Millings]

I said better. I said better.

[Dave]

You good?

[Troy Millings]

Okay, you're good now.

[Dave]

All right. So yeah, this is live. So we're gonna be answering some questions. We're gonna be, you know, the energy is going to be live today. So, yeah, yeah, it's a lot to talk about. But Ian, anything you would like to announce?

[Ian]

Yes, Stock club call would be this Friday at 5pm Central. If I made you money, please put yes in chat. And if you want to be a part of stock club, go to innovest.com I'll tell you where to get in, where to get out, Three prices for every stock, which ones to stay away from, which ones to invest in for retirement. And we had an amazing call this past Friday. Shout out to Bloomberg Nicole. We went all, did all Q A about the sniper program and how to maximize your profits and trading. So if you want to be a part of the stock club, go to ianvest.com and if I've made you money, please put yes and chat. And I've been crazy in the telegram. If you join us as Invest Fest, boy, you probably got 120 things placed in telegram. So go through telegram. Learn something new every day. Focus on the companies that matter so you can become wealthy.

[Troy Millings]

I love you all, love you daily. Yeah, man. This Thursday, speaking of this Thursday, obviously we got the episode, but the time has come. The time has come. I know people have been asking all our earners been asking. My next class will be this Thursday at 7. All my earners pull up. If you were in the July class. I mean the return speak for itself. Obviously we had Invest Fest. Then we had the Invest Fest call And if you would net the return speaks for the cell phone. So this, this Thursday, got some more treats. I went on a deep dive, went on that rabbit hole search again, and I got some stuff that I want uncover. So make sure you pull up this Thursday and then shout out to all the earners. They had their regional group meetup last weekend. So a couple cities that went off crazy. Chicago, we had Tennessee, and for the first time ever, Colorado. Colorado. We had a regional group in Colorado. Shout out to the Colorado team. I mean, we might have to come.

[Ian]

Out there, you never know.

[Troy Millings]

Catch the Buffaloes play or something like that. All right.

[Dave]

And definitely big shout out to Montreal, man. Big, big shout out to Stephen Charles for bringing us out there, man. That was so much love out there. Canada, you know, always, always good vibes. So shout out to Montreal, man. Appreciate you guys.

[Troy Millings]

Absolutely. The class will be recorded. Yes, it will. Yes, it will. Yes, it will.

[Ian]

Can you turn your mic down just a little bit?

[Troy Millings]

Turning it down, yeah. All right. Are we good? I'm good. All right. Perfect. All right. So y' all know this work, man. This is a disclaimer. Our content must be used for informational purposes only. It's very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise continue to do the research, share the research, build your portfolio, build your wealth, build your community. Love is love. Let's do it together.

[Ian]

Prayers to my brother, Fred Van Fleet. My lord.

[Troy Millings]

Yeah, yeah. Saw that. Saw that.

[Ian]

Praise and recovery for you.

[Troy Millings]

Yeah, yeah, yeah. Out for the season, right?

[Ian]

Yeah.

[Troy Millings]

Was it Achilles?

[Ian]

I think so.

[Troy Millings]

Yeah, yeah, yeah. Solid dude, man. We. We met him a few times. The last time we were in Toronto, he. We was with him.

[Dave]

Yeah.

[Troy Millings]

Salute.

[Dave]

Okay, so let's get into it. It's been a very rocky road so far for healthcare stocks. So do you think that the sector will perform better next year? We could talk about the tariffs in phases. I know that's overseas pharmaceuticals is one of the things that Trump put tariffs on. So I believe it's 50% on overseas pharmaceuticals or 100.

[Ian]

100.

[Dave]

100 on overseas pharmaceutical. And then, of course, the Ozempic lawsuit. So there's been a lot of high profile things that have hurt healthcare stocks. Don't talk about Eli Lilly a lot, but. Yeah. What's the. What's the forward projection for the healthcare.

[Ian]

Stock, I think the healthcare sector will be okay. But one of the biggest mistakes was that sector trying to price in healthcare returns to match tech returns. So if you look even at eli Lilly From 2021, which was at 201, 78, it ballooned up to 972. 53. I love Eli Lily dearly. I think it's one of the most important companies in healthcare. But if I had to ask you, just okay, is it more important than Nvidia, Microsoft and Meta? The price gaps became too wide and I think they began to adjust to prices where they should be. Novos had their issues. We've always talked about investing into stocks that are domestic and not international first. So I think as a result the sector will be fine. But if you're looking for high price returns, the only places you really can turn to are Bitcoin, which is the tech and then tech sectors and maybe some energy. Troy, we can talk about app loving later. But I think all in all, Even with like UnitedHealthcare, the margin structures are dramatically different than a tech company. So I think it's a mistake at times to try and get the same kind of returns that that sector normally does not give. Will next year be a little bit better? Yes, but I don't think you should expect 35 to 45 return in, in healthcare at all.

[Troy Millings]

Yeah, I don't think you should ever expect that type of return. If you're in the right place at the right time, it can happen. Healthcare is interesting. I think it's kind of one of these things where you have to see a breakthrough and it has to be something that has strong financial right. It has to be something with strong policy behind it. There's a lot of different variations of factors that go into making a healthcare stock something that is worth investing in. The interesting part is that AI is going to disrupt healthcare and so there could. Right. It could help it at scale and so we could see innovations in biotech. I think we're not, we're not far from that. Right. Like I talked about this yesterday where Vlad Tenev was saying that 10 years ago, every company on the stock market is a tech company because it needs a tech component.

[Ian]

Yep.

[Troy Millings]

And last week he said every company is going to be an AI company because it has to have an AI component and healthcare is not excluded from that. So innovation will happen. How fast? I think it can happen quickly. And if you look at what this administration, especially when you talk about tariffs, and that's even an interesting proposition in itself. Right. Like, the tariffs only go into effect at 100% if you're not building a plant inside of the United States. And so that's like. I mean, you're trying to incentivize people to build infrastructure here from the pharmacy, but if they do, then there are no tariffs. Right. For those companies. I think you focus on, if you're investing in healthcare, I think you're focusing on the American companies that have been leading, starting with Lily, Johnson and Johnson. I think the best thing to do. Right. And we talked about it last week, is go look up these, these healthcare ETFs and see what allocations. Right. If we look at The Spider Fund, XLV, Lily, Johnson and Johnson, Abbey, UnitedHealth, Avid, Merck. I used to talk about thermo official all the time during the pandemic. We're talking about how we're going to get vaccines. And that business is going out the window. Right. We talk about what happened. What's happened to Merck. You can, you can see. Yeah. American companies, if that is what the administration is leaning towards. Like I said, you have to have strong policy behind you. I would keep an eye on the top five in XLV and. And put on my watch list. I definitely. Any striker. I think we could put strike in there. Right?

[Ian]

Yeah, that's always one of my favorites.

[Troy Millings]

In terms of healthcare. Lily, for sure. But keep them on your watch list. Lily, obviously will be the leader. And that has a lot to do with not just the. The weight loss drugs. I mean, their entire portfolio. But be mindful of the ones that are getting policy behind it.

[Ian]

The only three I like in the space, Eli, Lily, of course, ABBV and Striker. You're not United Healthcare until I get a new CEO and this trial is over with.

[Troy Millings]

Oh, that trial.

[Ian]

Yeah, yeah, yeah, that's right. Yeah. Oh, yeah. Rabbit hole.

[Troy Millings]

No.

[Ian]

Shot. Are you trying to get canceled this weekend or. No, we go deep down the rabbit hole and wrap it up. Got you. Okay.

[Dave]

I'm always down to get canceled.

[Ian]

Hello. When you invest, well, invest with the best.

[Dave]

God, you're not getting cancer. What are you doing?

[Ian]

We can crash out there whenever you want to.

[Dave]

I'm always down for a crasher.

[Troy Millings]

Darcy said. What about cvs? I. I've spoken highly about cvs, and if you've invested in cvs, you saw great returns on that as well. I like CVS too.

[Dave]

So for. For people that, you know, obviously, healthcare is the number one expenditure. The United States government, essentially the biggest industry in the world. Should people have healthcare as part of Their portfolio.

[Ian]

Yeah. Only Lily, ABBV and Strucker. The other part that's unfortunate is that we spend all this money on healthc care, but we are one of the sicker major countries in the world, so it's not for our benefit per se. Do I think there's great leadership at Lily? Yes. Abbv? Yes. Stryker. Yes. I think even United Healthcare has a chance to turn itself around. But the mistake was because at one point when Novo was taken off, the thought was, what if we can get healthcare returns to look like tech? And that's when you started putting out drugs and over qualifying them and overstating what the benefits could be without looking at the risk. And that destroyed Novo's business. So exposure is great for sure, but those are the three that I will lean into.

[Troy Millings]

Okay. Johnson Johnson gonna leave off.

[Ian]

I feel like that's just Johnson and Johnson is.

[Troy Millings]

It's just. It's one of the. I don't want to call it a dinosaur. It's like one of the stable health.

[Ian]

But the past things with the.

[Troy Millings]

And some people. People still use. Yes, yes. But.

[Ian]

So yes, that part I can't. And the oil, which is a derivative of. One day. I want to have a conversation about all the companies that still run off of IP from Rockefeller. One of them companies got broken up. That is a derivative product from Standard Oil back in the 30s and 40s.

[Troy Millings]

Yes.

[Ian]

So.

[Troy Millings]

But there are still people. I even had a text the other day, what are some good dividend stocks? And that's one of those ones that people always put in their portfolio. I think right now it's like a 4% dividend.

[Ian]

Yeah.

[Troy Millings]

People still like to do that. That as a form of investing. I'm already not a dividend trade or an investor. But I mean, Johnson Johnson would fit the criteria.

[Ian]

Yeah. That would be an aristocrat in 88.

[Dave]

So more weight.

[Ian]

So you. But once again, you only need four great companies. I think we take this as for granted. The information that's being delivered. But put in chat. You only need four stocks to become extremely rich. Another thing I. I want to stress allocation and best use of capital matters a lot. There's a lot of companies you can invest in. Sofi and Ionq Etter. What is the best use of capital that allows you to sleep well at night and say, oh, I'm down to be canceled?

[Troy Millings]

Yeah.

[Ian]

Matters a hell of a lot. A lot of y' all want to be like, yo, but what about. Do you think after Jamal Bryant leaves Target would be a great stock? No, it's over with. It's not the best use of capital that, that.

[Troy Millings]

I've been saying that over and over. I don't think that's the best usage of your capital. Right. Like, I think if you look at a company that you're going to invest in, yes, you can trade it and you can make some money. But which company are you saying to yourself, I want to have 500 shares.

[Ian]

For 5 or 10 years and I'm just going to leave it?

[Troy Millings]

Like, how many companies are you willing to look at on your watch list or in your portfolio right now and say a thousand shares of this company is a great investment for the next five years?

[Ian]

Yep. Even though Apple has merged into a service company that is undelivered on the AI, they're still producing a high return in comparison to most ETF and indexes.

[Troy Millings]

They got me, Ian.

[Ian]

Don't have to worry about it. What happened?

[Troy Millings]

Apple got me.

[Ian]

What happened, man? AirPod Pros, we're gonna talk about that on Blackout.

[Troy Millings]

They got me. Well, yes, well, they. That's, that's. Yes, that too. But I was like, look, we're in Montreal, French speaking. I'm gonna get these headphones to translate. This is gonna be perfect.

[Ian]

Headphones, tough.

[Troy Millings]

Yo, man, we walk two mile. We walk like a mile. Just get the headphones right?

[Ian]

Oh, bet.

[Troy Millings]

Got them. Look at it. They're like, hey, this only works if you have a iPhone 15 or above.

[Ian]

Oh, they got you on the upgrade play.

[Troy Millings]

Oh, man. I'm sitting here with the 14 Max Pro. Just bought the headphones. I'm like, I really want to test this out. This is the two to three year cycle they're talking about. I'm here with the 14 and the 17s here. So needless to say, I now have the iPhone.

[Ian]

And I will say the AirPod Pro 3 feels like the most Apple hardware product they made in a long time. Even though they may have licensed creatively that translation part and the liquid glass iOS, even though it's not perfect, I commend that team in that department for trying to do something different to make the operating system look better than what it used to look. So they, they are trying for sure. Yeah. So I got to commend them.

[Troy Millings]

That's gonna be, it's gonna be the new technologies in the new phone and the new services will be on the newest phone and if you don't have that phone, you won't be able to get the services. But I'll tell you this, they did get me. Google's not playing. I'M looking at their marketing right now. I thought I was watching an Apple commercial because they had the liquid glass and the camera is pretty much similar. Like you shouldn't have to wait this long for this type of phone. We had it Google and Huawei on a Netflix.

[Ian]

Google is running the old euromac and I'm a PC just in reverse on Apple.

[Troy Millings]

This is true brilliant marketing on the Internet.

[Ian]

Go ahead.

[Dave]

I was gonna say we're gonna Talk about the AirPod situation tomorrow on Blackout. As far as health.

[Troy Millings]

Wednesday. Wednesday.

[Dave]

Wednesday. As far as the health concerns potentially that it can cause, that's important for people to be aware of, but also qqq. Shout out to them. You know, they actually gave me a call today because, you know, they sent me the, the letters, but I didn't really get a chance to read it. But long story short, there's a board, they haven't a vote. And the shareholders. So they, they actually. So I'm like, you know, it's interesting. I'm like, so what's the vote today like? Well, we want to be able to maintain, you know, fluidity. So there's like, you know, we're gonna. She's like telling me the different things they're proposing as far as it's going to save shareholders $40 million a year as far as be able to make more efficient decisions quickly. They wanted to renew everybody that's on the board of qqq, but, but they need, they needed to vote from the shareholders to actually approve these things. So I say that to say when you're. That's another thing about being a shareholder in the stock or ETF is that, you know, you potentially could have voting rights because you are an owner of a company.

[Ian]

Yeah.

[Dave]

So as an owner of the company, you know, you could, you could have voting rights and you have a say so in certain things. And if you own a lot of shares, then that's what we call. Sometimes we call a corporate takeover artist, where you can actually potentially take over a company influence.

[Troy Millings]

Right.

[Dave]

Car icon, people like that.

[Troy Millings]

So that's key.

[Dave]

It's important to understand when you're buying these things, it's not like you're just buying paper and it's just in thin air. You do have equity inside of a company.

[Troy Millings]

Yeah.

[Dave]

And like I said, I mean, that does come with some level of rights, voting rights. And, and like I said, the more, the more you have, the more powerful.

[Ian]

More power that you have.

[Dave]

Yeah.

[Troy Millings]

Notice we said 100 shares, 500 shares, a thousand shares.

[Ian]

It matters.

[Troy Millings]

You don't get those emails when you got five, like, you should have it. But if you want to have investor calls, if you want to have access to quarterly meetings, right? And be in these calls, you got to have ownership.

[Ian]

Also, you got to weaponize your media platform to make the changes in corporate. If they're not listening when you send an email off to headquarters. Notice I said, oh, new CEO. Then every person paraded their ass on cnbc. Maybe it was time to replace Tim Cook. Perhaps, perhaps. But Tim, once again, let's see him, though. Me, amigo, you fighting the battle. I know you was fighting.

[Troy Millings]

I'm so support it. Yeah, I support it, bro.

[Ian]

Sorry.

[Troy Millings]

Let's make this reciprocal. Y' all got us. What's up?

[Ian]

Yep.

[Dave]

So, yo, Chat, what's the deal? Salute to Casa Knot.

[Ian]

For sure.

[Dave]

That's major. Congratulations.

[Troy Millings]

That's a crew. Super impressive. Shout out to Kai. Shout out to. His story is just incredible. Shout out to his TO team that he brought along with him. Yeah, yeah. It's incredible to. I mean, we know a thing or two about that, like doing something and creating something with your friends. They're doing this at such a young age. Shout out to Punga. Shout out to Punga.

[Ian]

Yeah.

[Troy Millings]

I don't want to call him by his real name. He was my student when I was teaching in the Bronx, man. Every now and then I just text him. But I'm super proud to watch all. All of them guys, man. These are real Bronx kids that are making history. The Kurt Franklin thing yesterday was incredible.

[Dave]

One of the AMP kids was your students?

[Troy Millings]

Well, he's not part of amp, so AMP is. Is a phantom. Kai. There's a couple other guys, so that. That's that crew. But Kai has his own crew, so, like Talil and Rakai, those kids. So those are his. That's his people. And Punga is one of those. It's like, I literally. This kid was in my sixth grade class, my seventh grade class, my eighth grade class. So just to watch him, like, I know the family, I know his sisters and all that, to see him doing this, that's something that's positive. Know the environment that he's come from and is basically able to survive and create something for himself. I couldn't be more proud. I couldn't be more proud.

[Ian]

I know he's such a young age, too.

[Troy Millings]

I text him, and the first thing he said was, yo, I miss you, Millings. And I was like, damn. Always a teacher, my boy. Congrats, congrats. I think LeBron's on tomorrow.

[Dave]

I'm not sure.

[Troy Millings]

Yeah, I think bronze. Yeah, he cutting his hair off.

[Dave]

All right, W Chat, that's shot.

[Ian]

You good? Study all markets. Master all markets. Boy, you gotta study everything.

[Dave]

Okay, let's talk about government shutdown, shall we?

[Ian]

So, man, we had it.

[Dave]

This happens every couple years.

[Ian]

Yeah.

[Dave]

So yeah. The US government is facing a potential shutdown as lawmakers fail to agree upon a spending plan. So essential workers will remain. But hundreds of thousands of federal workers could be furloughed with without paying. Trump said he might fire him if this doesn't get resolved. Of course, the Republicans, J.D. vance and and the likes are blaming the Democrats for this. The Democrats, Chuck Schumer and the likes are blaming the Republicans for this. We're, we're headed towards a government shutdown. Like I said, this happens. It seems like this happens every couple of years.

[Troy Millings]

Now our second episode was covering.

[Dave]

So, okay, how will this affect the stock market? How will this affect the overall economy? What should people be aware of? What's the deal with the government shut down?

[Ian]

So non factor when it comes to publicly traded equities. I want to say that clearly and loud again, that is that part. It's a non factor. It's like when they were like, well, Jimmy Fallon got fired and they lost a billion dollars in. I was like, this is a non starter. This happens. The market is permanently rigged to stay up. The market will be fine. That's different than the American economy. But as far as the stock market, I think the last time this happened the market moved up what, 9% or 8 and a half percent or something like that, 10 or 10. It's a non factor hold for the long term. No one invests based on government shutdown. It does not matter.

[Troy Millings]

I wish I could add to that, but I mean, yeah, right. It sucks. You know what really sucks is that when we started the year, it was, it was doge and people had till September to figure out if, if they're going to take the severance package or they're going to stay on and be fired. And then some people took it and now they asked them to come back to work. And now here we go again at the end of the month where people might lose it. I mean that part is unfortunate. Like you hate it for that from that standpoint. And yes, there are, I'm sure some of those people invest and have brokerage accounts and that is unfortunate. But for the market itself.

[Dave]

They said my mic is too high, yours is too high. That's what somebody in the chat said. How we sound now you good? How we sound now? Soundboard selector. Davis, where you at?

[Troy Millings]

What's that?

[Ian]

Todd Davis, shout out to my brother. Yo, right here.

[Troy Millings]

Ty, on the chat.

[Dave]

Soundboard selector. All right, so government shutdown is not something to worry about. I mean, I do think that it speaks to a certain level of dysfunction within the government which could lead to, you know, potential uncertainty as far as long term effects. America's, you know, ideology, as far as it being so safe and everything like that. It's already kind of been chipping away slowly but surely. You know, you keep having government shutdowns every two years. It's not. It's not a good thing.

[Ian]

Is this chaos done by design for the benefit of whomever party who would benefit the most? I don't believe in an institution that big have an accidental chaos frequently.

[Dave]

What party is going to benefit the most from government shutdown?

[Ian]

I'm not. I don't have GPT pulled up because the Internet's slow in Mexico. Tell cell losing though next week I'll report unless we choosing to get canceled. They act like you crazy playing get to go into retirement early. How.

[Troy Millings]

How long do you think? How.

[Dave]

Betrayal list. The betrayal list is coming soon.

[Troy Millings]

No, we appreciate everyone appreciation list. Appreciate all people.

[Ian]

Every one of you. Edwin.

[Troy Millings]

Yes. How are you?

[Ian]

Magda, A B. Pierre. Clinto, mi amigo. No, no drama.

[Troy Millings]

No, that was my euro. You saw that. We appreciate you all.

[Ian]

Great job.

[Troy Millings]

Yeah, yeah. Rest in peace. Yes, absolutely. I've seen that.

[Ian]

Unless we get canceled.

[Troy Millings]

Here's the other part.

[Ian]

Here's the other part. How.

[Troy Millings]

How long do you think the shutdown will last? Because I feel like this is such a divisive government at this point. Like nobody wants to agree. And so this. How long?

[Ian]

Six, seven. For three weeks. Three, four weeks. They're not gonna shut down for long. They do this WWE ass dance every time. We're gonna shut down for six months.

[Troy Millings]

And you're not gonna get your mail put.

[Ian]

Put it in chat. Historically, what is the median time for government shutdowns in the United States of America? Even have to guess. This is political gesturing at best. It's like when Macho man and Hulk Hogan back in the day. You sack like they didn't like each other because miss Elizabeth. And then they go drink at the bar after this. This is a farce. Now, some real issues they really don't like each other on. But I think this is a part of the organized chaos to get certain parties to get another party to move. How they want them to move.

[Troy Millings]

Just a political check In Miss Elizabeth. That was crazy.

[Ian]

Oh, yeah. Macho man.

[Troy Millings]

He really married.

[Ian]

For sure.

[Dave]

Rest in peace. To Assada Shakur.

[Ian]

For sure.

[Dave]

Who passed away last week in Cuba at asylums in Cuban. Broke out of jail. So rest in peace to all the political matulu. Shakur. Sada Shakur. Geronimo Pratt. You know, that's, that's, that's. Those are all like Tupacs.

[Ian]

Yeah. Lineage.

[Dave]

Father. Asada Shakur, I think was his godmother. I think Geronimo Pratt might have had some level of his.

[Ian]

Yeah.

[Dave]

So.

[Troy Millings]

Yeah. Thanks a stepmom. Yeah, yeah, yeah.

[Ian]

Misophani Jasmine guy.

[Troy Millings]

That's.

[Ian]

Oh, yeah. But her story is incredibly important. And the people who had the audacity to break her out. Talk about cojones, boy. Yeah.

[Dave]

100.

[Troy Millings]

Yeah.

[Dave]

So, okay. You know, I just. I just heard something. I didn't know that she was the first woman to ever be put in a male prison.

[Ian]

That talk about atrocities and the things that they allowed to be done to her for being a political prisoner. I should. You wouldn't lie. Allow in another country. You wouldn't do to a terrorist.

[Dave]

They had in Clinton, Max, ironically enough. You know who else was in Clinton, Max?

[Ian]

Tupac.

[Dave]

Tupac Clinton. Maximal facility. That's where Sean was at. That's what it. That's what it had her. She was in the Clinton Max. That's a maximum facility for men.

[Ian]

For men. Some tricky things in this institution.

[Troy Millings]

Yeah.

[Dave]

Crazy.

[Ian]

And this was not 400 years ago like you. If you just go through a modern atrocities even a cleave broader story. Oh, my God, this is horrible. Horrible. Yeah. All right.

[Dave]

Yeah. Know your history. Know your history because they trying to erase it. They trying to race it.

[Ian]

Oh, yeah. Yeah. They're gonna hit that little update in the software on your phone to indenture servitud to unforced labor.

[Troy Millings]

We built ship. No, we built this.

[Ian]

What they trying to make this? Four slaves into interns? What?

[Dave]

That's a fact. Let's talk about the new. The new tariffs that was announced. President Day Trump has announced new. New tariffs. New round 100 on pharmaceuticals.

[Troy Millings]

Yep.

[Dave]

50 on kitchen cabinets and bathroom vanities that came out of nowhere. Upholstered furniture, 30.

[Troy Millings]

Yeah.

[Dave]

Heavy truck, 25.

[Troy Millings]

Yeah.

[Dave]

Still an aluminum stale. And aluminum imports for all countries except the UK. 50. Copper, 50%.

[Troy Millings]

Yeah.

[Dave]

Countries importing Venezuelan oil, 25% imports tariffs on imports from Canada and Mexico, 25%. Generally 35. Canada on non energy goods. So, yeah, he's been on.

[Troy Millings]

He had a new one today.

[Dave]

What was the new one.

[Troy Millings]

He put 100 tariff on movies that are produced outside the US movies.

[Dave]

The movies that's produced outside the US 100 tariffs on that. So your Netflix, how does that work? I gotta pay more. Next. Netflix gotta pay more.

[Troy Millings]

Yeah. Do you pay? Like, how, how does that even work?

[Ian]

I don't know. Especially if American broadcasting and streaming companies are going to benefit from it.

[Troy Millings]

That's why I said this is a sitcom.

[Ian]

This is a sitcom in real time. But are living a Simpsons episode. Like, I mean, and this is strong. Well, not destroying, but it's having an adverse effect on companies like Restoration Hardware on the pharma side, once again, good idea. Poor execution because you don't know a, if he's going to stick with the tariffs for long a, what kind of effects it will have on people long term. And you're not taking in consideration that inflation is eaten into people's profits and prescription costs are higher than ever.

[Troy Millings]

Yeah, it's. These are, they're just ideas, right? Like, they're ideas. I'll throw out these ideas. This is what's been consistent. Throw out the idea, see if it sticks. Like, see who bites at it. Use it as a negotiating tool. Carve out the things that I really want and let's figure out how we can make a, an agreement inside of there. Yeah, it's just, it, I mean, it doesn't even make like, how.

[Ian]

I don't know.

[Troy Millings]

Every day. The furniture one was just like, where did that come from?

[Ian]

It was interesting. It seems personal and it creates an interesting vacuum where if to not be attacked or have your industry attacked, you're going to have to find a way to financially donate to said campaigns in the future to not be attacked. This is very interesting to say the least.

[Troy Millings]

Or you're gonna have to, you're gonna have to build it here. You're gonna have to do it here.

[Ian]

If you're building something commercially here, like a data center or a pharma lab, what are the costs that it's too cost intensive to build from scratch. If you're building in la, Miami, Chicago, New York, hell, even Houston, there are.

[Troy Millings]

There are only a few entities that can afford this. Yeah, this level of capex like we talked about it last week about. Yeah, we can talk about data centers, but there's only a few institutions that can actually facilitate the cost to build it. And even when they do that, they're partnering with other companies to do it. This is not just like, hey, I look it up and do this. No, that's not going to Happen. Right. Even with the, the pressure for Apple to hey, you need to now build factories. That takes time and it takes capital. Yeah. Apple can do it. But right. Can, can the, the small cap company do it? Can the Russell 2000 come? Can they do. They can't do it.

[Ian]

Forced to do it at that.

[Dave]

Restoration Hardware stock. Restoration Hardware stock obviously took a hit drop dramatically on the news and from around $30 from the time that this was announced last week. So Restoration Hardware ticker rh, if you're familiar with, you know they're a leading furniture and house. Good. This stock has been kind of rocky for a while now.

[Ian]

Yeah.

[Dave]

Is this the time to short rather Restoration Hardware?

[Ian]

I would say no. I would have to wait for it to get Back to like 252, 71. Because you don't want to chase a fallen knife. They've been having issues for a while. So going back to 21 they were having some issues. And for those of you who like go through Bloomberg frequently, they were on the list of companies that could fall because of tariffs. And here we are. They fell in April. They're one of the few companies that fell in April that did not have a tremendous upswing from that buying zone. So I wouldn't touch it there. I can see them probably getting back down to a low of like 130, 24. But I want to be very clear, like Restoration Hardware as of right now is a trade only. It is not a good long term investment. All time high was in 21 and it was at 744. Once again at 74.744.56. As Restoration Hardware more important than Meta. Nvidia, AMD, Apple, Google, Oracle, Broadcom. I think they have some fly in there too. But it's not worth more than meta. No.

[Troy Millings]

Yeah.

[Ian]

No.

[Troy Millings]

What happens to like a company like Ikea if those tariffs are going to effect?

[Ian]

You're going to donate to JD Vance.

[Troy Millings]

Right.

[Dave]

And Donald Trump's inauguration. But you know, YouTube just settled the loss of $25 million and that was a low fee. Yeah. You feel about that chat, the January 6 riot, they said that Trump incited it. So after that YouTube suspended his channel. You know, he got heat. One of these guys, he got kicked. Remember he got kicked off of Instagram. He got kicked off Instagram. I think my guy kicked off Twitter. YouTube suspended his channel. They kicked him into this channel. And now that he's president, they settled the lawsuit for 25 million. I think they're gonna pay Trump in apology.

[Ian]

Put premium on all my Audiences, too. Send my essence early.

[Troy Millings]

And all he did was create Truth Social, add a couple billion to the portfolio, and go after everybody who try to work against him.

[Ian]

Has his net worth doubled or tripled since he's been office?

[Troy Millings]

It's on his way to triple.

[Ian]

Yeah.

[Dave]

Political uncertainty for sure, but, yeah, he's definitely going after anybody that has won against him. James Comey, former director of the FBI, has been indicted.

[Troy Millings]

Yes.

[Ian]

And he said more to come.

[Dave]

Letitia James. He's trying to indict her. He already said, if Mandani becomes mayor of New York City, New York City is going to be stripped of government funding.

[Troy Millings]

They strip Chicago government funding.

[Dave]

They didn't strip the city. They. They took 6 million off of 8. Yeah, but he's talking about stripping this New York City. Hundreds of billions of dollars being stripped. Eric Adams had to walk away.

[Ian]

Smart move.

[Troy Millings]

He wasn't going.

[Ian]

Yeah, but you got to know when to exit, though, so you can look victorious last month.

[Dave]

Look victorious.

[Troy Millings]

Like gracefully bow out, you mean?

[Ian]

Yeah. Leave or post. Getting washed.

[Troy Millings]

Yeah, let's. Let's not waste any more taxpayer money.

[Ian]

Or split the vote.

[Troy Millings]

Yeah.

[Ian]

Unless you get paid to do so.

[Dave]

Unless you get paid to split the vote a hundred percent.

[Ian]

That's the other move.

[Troy Millings]

Yeah. I mean, he's on a campaign. He was on a campaign. And pay ended.

[Ian]

Yeah.

[Dave]

Yeah.

[Ian]

Someone asking, Chad, how would this affect Amazon? It won't affect Amazon at all. They are a dramatically different business and have hedged their bet differently than Restoration Hardware. And I think Restoration is really a really good company. Just wrong target, wrong time.

[Troy Millings]

Yeah. And Amazon is. Is a middleman. These situations. Right. They. I mean, they probably make some furniture, but that's not their sole business.

[Ian]

Yeah.

[Troy Millings]

Right. E Commerce. They'll be the person that ships it to you. And if anything happens in terms of tariffs, logistics, cloud, that they'll. They'll put a tax on. On the person that's receiving it.

[Ian]

Yeah, for sure.

[Dave]

Yeah. So we'll see how this tariff thing plays out. I mean, obviously the furniture thing, that's a direct shot at China 100. And I mean, if you followed my journey and didn't want to invest first, you saw it, you know, the China play being executed in real time. So people, it's really happening. It's not a myth. So for him to put 50 on all vanities and kitchen cabinets, you'd be surprised. Those. Those things add up.

[Troy Millings]

Don't. Yeah, they pricey.

[Dave]

That's billions of dollars that's being imported into America. So who's.

[Troy Millings]

What's.

[Ian]

That Wilk?

[Troy Millings]

Wilk. What about WDC or Seagate as a call? I'll go to number one in the space. So what was talking about? He's talking about how bandwidth memory companies and obviously we talked about Micron. They reported last week. It's crazy. I said they. I wouldn't be surprised if they shot up to 175. They shot to 175 and then they pulled back and it was a classic case. If you look at the chart from Thursday up until now, right. It had ran up to 165 after hours when they reported and blew out the quarter, went up to 175 and kind of pulled back. And then obviously the last two days of the week we saw some selling off. But this is a classic case of hey, profits will be taken. You're talking about a company that ran up 40 in a quarter. People will take profits. It's come back up now to like 164. I think it closed that today. Let me, I'll check right now. 1. I know it was in 161. 6390 so right at that line. But yeah, they're number one. WDC is another good company but I'm sticking with number one right now in terms of American high bandwidth, yes, Samsung is in that category. Ski Nexus as well. But the American high bandwidth.

[Ian]

I'm going with Michael for Western Seagate. Excuse me, Western Digital, Seagate, IonQ, all of these companies are benefiting off of the spend and partnership between Nvidia, OpenAI, Oracle, Broadcom. When that spending slows, you're going to have to start to take profit because they are beneficiaries of those deals because most people missed out on Nvidia, Open AI, Oracle. So there's been a lot of conversation about circular investment amongst these companies into each other. When debt cash flow stops like for Western Digital, at some point that stock will pull back to the. Back to the 103.65 range. At that point you definitely want to take profit. Just please be mindful to know why. The company is doing incredibly well. Strong company, but to go from $33 and nope to go from 29.14 in April to 118.14 and most can't tell you who the CEO is. Be mindful of when to take profit.

[Troy Millings]

Yeah. And then I saw somebody ask what about coral weave? So this is a big week for Corey. If, if we see a pullback here it'll be another case of okay, people have taken profits. Right? Open up in the 40s and it's sitting at like 121. Now this is the, we always talk about that six month period post IPO. So that six month period ends this week. And so that, what does that mean? That means that insider settler people who had the equity pre ipo, Right. That means they were investing in the company before it became public, they can now sell shares. Right. So some of these people might have bought Core Weave when it was $9 a share. Right. And so if you see it go up to 121, obviously there'll be some, some level of profit taken at this level. Some people might just say, hey, I'm going to stay in and add more to it. So interesting week for them. So I'm watching that closely and we'll talk about more about that on, on Thursday in my deep dive research.

[Ian]

It's like when Jay said everybody trying to make the blueprint too before. Ho, you gotta know, just because Motown got the soul samples don't sound the same as blueprint. Same thing here. You got to be mindful.

[Troy Millings]

Yep.

[Dave]

Be mindful at all times. We talk about Nvidia a lot but you know, we gotta talk about some level of competition potentially. QA has announced a three year plan to expand his role in the AI chip market and reduce its dependence on foreign technology. The strategy includes the release of a new AI chips 950 PR and 950 DT in 2026 following followed by 960 in 2027, 970 in 2028. So they have a five to ten year plan to, I don't want to say overtake Nvidia. I guess the goal, that's their goal and they're laying out, you know, the framework of how that could potentially happen. So obviously if that happens, that's not going to be good on video for obvious reasons. So is this something that, you know, we start to see potential cracks in the empire?

[Ian]

I could argue if they do have a considerable league, there would be more American investment to prop it up the same way that we did our space program. But to give it the clear answer, they do. I think that will happen. No. If they were launching a chip that was quantum based, then I would have some concern. But every time a up and coming brand. Not saying that Huawei is up and coming because I think some of the tech there is amazing, but they clearly are not the leader in the space. Whenever someone said that they're the Microsoft killer, the Apple killer, they have not panned out to be that if they were they would just launch it. So you mean to tell me Deep Seat came and adjusted our market off of a crappy AI product. But then you have a 5 to 10 year plan to overthrow Nvidia with no demo. What's the demo? Show me, show me that the PRPS 10 because I think that the competitor that could be Nvidia, they're going to show in real time why the chip is superior. I don't believe in companies that have great promises before demos. Not saying the Huawei is invaluable. I think Huawei has done a better job than Apple at phone, tablet, airpod like products and they got the car off. But Nvidia monster. No.

[Troy Millings]

Yeah. I'm not, I'm not buying any of this. I'm not buying anything.

[Ian]

Apple killer for sure could.

[Troy Millings]

Yeah, yeah. Now they like they have and they have surpassed Apple in terms of cell phones in the China market. What we need to know about Huawei in terms of the GPU market specifically is what are they trying to compete with Nvidia at? Right. Like they're not trying to compete with Blackwell, they're not trying to compete with Ruben, which is again Nvidia's three to five year plan. They're saying, hey, we don't need Hopper. Right. Which was what they released in 2022 and America said that they couldn't no longer sell to the Chinese market and any advanced ship further than that. So are they going to come up with alternatives? Of course they have to. This is why you see Alibaba and they should. Right. They. So they're not as reliant. Alibaba has, has done the same. But they're still, if you look after they announced it, Alibaba said that they're going to develop their own chips. Three days later they announced a partnership with Nvidia. Three days later, this is going to be the leader in the space. This is. I know there will be other people that will try to create for themselves and for the economy. Great, great. Will it be the superior chip? I don't see it. I just don't see it. The amount of infrastructure that it takes to get to that level there, three to five years. If you're trying to catch them, they're still trying to outpace themselves. We talked about the plan of hey, we hear about these announcements every 12 months internally, they're making new products every six months. They're already three years ahead from what we they're talking about now. In fact they're working now to figure out what's the next thing for 2029. So it's tough to compete or catch that. Right. It takes a lot of capital. It takes a lot of infrastructure. Right. Huawei is great at some things. Will it be great at all things? No, it's tough. Is it a start? Is it a positive start for their economy? I'm sure it is. I don't think against Nvidia's lead at all.

[Ian]

No. Jensen said the Nvidia's full AI infrastructure package, chip networking and data center is so efficient that competitors can price their chips at zero and Nvidia will start still be the better option. Secondly, important business lesson you have to know who the backing is. So if I was in the 1980s and I went to Def Jam and I had the back in the supreme team I don't care how good your album was it's going to be a limit until forces that be you need to go look at who's back in the video that that cap table and they'll bought them EA rights.

[Troy Millings]

Hey, hey. We could go there. We should go there. Let's go there.

[Ian]

Certain companies are selected in like you've seen it with Sam Altman. Everyone's like open their eye killer and they got ads running. They've already selected Sam three or four years and I was telling you all about it to be the next new tech darling. So much so they let them steal that from Elon. And Elon can't do anything in court about it other than Bill Grok and Xai, which both are fantastic. But they're not open AI. Sometimes behind the scenes the next leader gets selected before the consumer decides who they're going to vote for.

[Troy Millings]

You see Open AI's announcement today.

[Ian]

Yep.

[Troy Millings]

Open AI Pack. Open A. So like for those not in Open AI announced the Open AI Academy. And so what OpenAI Academy is is they have created prompts so that you can use it in a number of industries. I t human resource, education, sales, finance. They're giving you the prompts to help elevate your business. I read it, I looked, I said.

[Ian]

Wow, Vince Carter, it's over. And on top of that, I hear more releases for open AI that make public airwaves than I do for company. 10 through 90 of that are tech publicly traded companies. I've never seen something be so blatant in our eyes before they even go public. So by the time they go public, they're building it to be like the new Microsoft. Not saying that they are the new Microsoft, but it reminds me of that Runway when Gates was becoming Public and he was in mainstream news all the time.

[Troy Millings]

Yeah, this is like the how. This is beyond how to. It's a prompt pack. It's telling you the prompts to ask to get the. The desired answer. You. You go to the page and the first thing it says is Chad GBT for any role, any role you can think of.

[Ian]

Hello. Well, you're gonna put more people on payroll for what? It's over. With perplexity.

[Troy Millings]

I joined a new. I joined the academy.

[Dave]

Hit the like button and share, ladies and gentlemen. Yes, that. What's the deal? How you feel about the Tick Tock takeover potentially?

[Ian]

I just want to see this finally get done to see what Larry has positioned himself. Well, I was talking to stock club about this. I remember when it was supposed to be Microsoft and they fell out of favor. Thank God they had to open AI investment. I just wonder what that algorithm will look like and if it will deliver the same potency of information that was coming out. I even think Tik Tok's main algorithm is getting watered down some. But I think it's a great hedge. But I think, and hindsight, it was smart of Microsoft to not to continue to fight for that and get the real IP that matters, which is the partnership with open AI. Well, what do you guys think about it?

[Troy Millings]

It's interesting. The tea leaves were there. We talked about it in January. He posted the clip. Talked about it in July. Posted the clip. The tea leaves were there for Oracle for sure. That was one of those deep dives there already. If you watch the stock from 2020 to where they are now, you can see the impact that they've had in terms of using the cloud service. But there's another company privately held that nobody talks about. And we should. When you talk about watching Ian's first reaction, if you look at the tea leaves of who the partnerships are. Yes. You see Oracle's name a lot. OpenAI. But there's a private company by the.

[Ian]

Name of Silver Lake, Silver Lake Capital.

[Troy Millings]

Now I had to go down a deep dive. All right, well, let's think about this, right? When we talk about Stargate. It originally started at SoftBank OpenAI and Oracle later on Silver Lake became a part of that ownership group. And they said, all right, here comes the data centers. All right, so now Silver Lake has data centers. Right. With the Stargate thing, then the Tick Tock deal comes around and you look at the names of the ownership and yes, the Saudis are involved. Right. And you saw Oracle and then you saw Silver Lake. All right, so now they got Stargate, they got the data centers, they got Tick Tock. Now they have you user base and, and data from that. Then you start pulling back the leaves a little bit further. And you talk about a company that has had a great year, right? Endeavor, obviously with the WWE and the ufc and you think about who's funded them. Yep, Silver Lake again. So now they have entertainment. This is an entertainment conglomerate, right? And then when the news came out today about EA Sports and we'll talk about some of the owners, that five billion dollar deal, some, some of those people are close to the president. Silver Lake's part of that as well. And so now you're looking data centers, you're looking at data from a user standpoint. You've got entertainment, right, With Endeavor and now ea. And I'm thinking, I said like, why are they connecting all of that? What is a bigger play here? There's a bigger play here. When we're talking about what Larry Ellison did and David Ellison did in terms of grabbing Paramount, right? And well, potentially next having Warner Brothers, they've got a media conglomerate that's a.

[Ian]

Good one of the now biggest of all time.

[Troy Millings]

That's of the now we're talking about streaming, right? But the next wave that we might be going down is in this space of AI in terms of Metaverse, right? Alternative reality. And so now they have the data with Tick Tock, they have the data centers to help get the infrastructure off the ground. They have UFC and Entertainment. Now they have video games, right? So if you don't know, and we all grew up in that era where we played EA Sports, it's in the game, right? We played Madden, we played live. They got a battlefield. Battlefield which most people don't even realize has passed Call of Duty in terms of amount of users. They have all of that at their domain to now create a bigger media conglomerate. That will be the media climate of the future, right? That they're the way they're looking at. This is 10 to 15 years down the line. Yes. Streaming, Ellison, they've taken that. We've seen everybody at the highest level grab media. We saw Bezos grab media, obviously Elon has grabbed media.

[Ian]

But this at the highest level, this.

[Troy Millings]

Is the futuristic one way that I see them thinking about it, we took entertainment, we took gaming in AI, we have the data centers, we have the user base with Tick Tock, we already have what we're going to build in terms of AI for the infrastructure. They're putting this whole thing together, nobody talks about them. I looked up the CEOs. You would never, if they walked past you, you wouldn't know.

[Ian]

You would know. And more importantly, mind you, because if I have you when you get off Battlefield or whatever game you play on EA and Tick Tock and, and what you're watching, I have 80 of your mind share.

[Dave]

But also. Okay from an investment standpoint for sure. But do you feel comfortable with the, with the Tick Tock deal?

[Ian]

That's above my pay grant. I haven't got my builder broke left. I got my, got my Vanguard. But in what regard?

[Troy Millings]

And then, and then the US I guess investment with this, this new group of investors having the data as opposed to what they thought China might have the data in that sense.

[Ian]

Okay. A part of this is a dupe though.

[Troy Millings]

Yo, I'm. Yo, I'll let you. Can I tell you something part of our conversation yesterday? So Robert tells the story and I was, we're talking about cyber security because he's made a, I mean he's probably the number one person in terms of cyber security in the country and how, you know, we always talk about safety and safety and safety. He's like, you know, there was a time in the late 90s where we won't name the company, fast food company offered a hamburger and in exchange if you, if you gave the company.

[Dave]

He said it.

[Troy Millings]

All right, so McDonald's had this offer like we'll give you a hamburger, cheeseburger, whatever.

[Dave]

It was two years ago.

[Troy Millings]

It was two years ago.

[Dave]

Yeah, it was two years ago.

[Troy Millings]

It was a little longer than that two years ago. We'll offer you a cheeseburger hamburger in exchange for your name, your first name, your last name and your address.

[Ian]

Yeah.

[Troy Millings]

And he said how many people do you think did that took the burger? 72%. 72% of the people gave away the information for hamburger. And we're thinking about, hey, what should we feel comfortable or safe with a company having our data? They already have it, so.

[Dave]

But do we feel comfortable with the Tick Tock deal?

[Ian]

To be very honest, I think we're not getting the purest product, which is the Chinese algorithm. We're getting a derivative work stepped on. Those of you who are in the underworld, do I feel comfortable with it? No, I get the ideal. But if we are at war with China and we go to China and say we have to break this up because you're having influence over American users, that's a double edged sword. But to then not get the real algorithm is interesting. Unless you want to control the thought process of the people who are on said app in the country, you're still not getting the real thing. It's like when the Chrysler like you get in the Chrysler 300C.

[Troy Millings]

Yeah.

[Dave]

So okay, so from a standpoint of this, right? The richest person in the world owns X. The second richest person in the world is trying to buy Tick Tock.

[Ian]

Yeah, I see where you're going. Yeah. Bezos with Washington Post.

[Dave]

The third richest person in the world owns Instagram, Facebook and WhatsApp. The fourth richest person in the world owns the Washington Post. We live in a society where less than 10 people control 98 of the narratives and stories that we're actually consuming 100 buyers of. Potential buyers of Tick Tock. Rupert Murdoch is part of the group also.

[Troy Millings]

Yep.

[Dave]

Larry Ellerson. X has already been taken over by far right wing ideology. It's pretty much Maga X. They should change the name of X to Mega. If you go on there, you know who has the most followers on on X?

[Troy Millings]

Elon.

[Dave]

How's that happen?

[Troy Millings]

It's his.

[Ian]

Make sure time for my space move.

[Dave]

When you go on X, you'll see the first thing you'll see is the most right wing. It's not by accident. They control, they, they control what you actually are seeing on your timeline. It's a, it's a right wing platform. Tick Tock is headed in that direction for sure if this deal goes through. So now you have Tick Tock and you have Twitter X which essentially will be used as a propaganda tool for, for right wing ideology of this administration for sure. And any other right wing ideology that needs to be pushed. That's concerning and it's dangerous.

[Troy Millings]

So do you feel comfortable?

[Dave]

Of course not. How can I feel comfortable if it's concerning and dangerous?

[Troy Millings]

I'm making sure. I mean I feel like people are living in it. I don't even think they're even thinking of it at that level. And that's just the mind frame of the person that is. Yeah, I'm just trying to survive. They're not even realizing like, like these type of chess pieces this met like you're controlling the mind of a people on every level.

[Ian]

Like that's why I said I.

[Troy Millings]

If I get the kids at Tick Tock, if I don't get them on Tick Tock, I'm gonna get them in gaming. I'm grab them there. Right. So like Jared Kushner is part of that ownership group for ea, right? Affinity Partners. He's the CEO of Affinity Partners. For those who not know, he's the CEO of Affinity Partners that just put that. That group together for 55 billion to acquire EA. That's not by mistake.

[Ian]

Nope.

[Troy Millings]

20.

[Ian]

Yep. The name of the game in America has always been a monopoly, though. It's just not hidden how it used to be.

[Troy Millings]

That's true for those who. Again, let's go. Jared Kushner is the son in law of the current President of the United States.

[Dave]

And for the people, that's like, okay, well, it's not concerning when the left wing has it. I'm just gonna be honest with you. I'm a black man in America. I don't agree with a lot of the stuff that the left does, but the right is way more dangerous.

[Ian]

And the left never had majority control of the media.

[Dave]

That's. This that we headed to right now is Ku Klux Klan country. That's a fact. So pick your poison.

[Troy Millings]

But.

[Dave]

Anybody that's trying to rationalize racism is dangerous. And that's what's happening every single day.

[Ian]

That's the core principles of American philosophy.

[Troy Millings]

This is America. This is America.

[Ian]

Yep.

[Troy Millings]

Oh, it's in the game.

[Dave]

Stay woke.

[Troy Millings]

It's in the game.

[Dave]

And then for. That was a obvious. Every now and then, people will say something like, all right, well, business, like online, like influences is not real. It's not a real business. Doesn't help anything like open a hospital or school or do something tangible. Brick and mortar business. Okay, but I just told you, the four richest people in the world own.

[Ian]

Media, digital enterprises, and people who say that have not been living. Like, most of people's education is done online. When I hear most people quote something about learning, it's off of Instagram. Everyone can act all intelligent, like you get scholarly and have four Amazon Kindles. No, most of y' all don't. Y' all are quoting that. Y' all read off IG or Twitter or if you're older, Facebook. No.

[Troy Millings]

That'S.

[Ian]

And then the data being the new oil, that's been said for 10 years, just the derivative data and then third party access that companies have in different countries to deploy ads and then take data. All those customer information leaks are not leaks.

[Dave]

And that's the thing.

[Troy Millings]

Yeah.

[Dave]

When we. After the presidential election, we went to blackout. That was viral blackout episode. And it was like, all right, what can we do? What can we do now? And I'm like, nothing. Nothing you can do. Y' all let them win the. Y' all let them win the war. Project 2025 is 60 complete, by the way, in eight months, man.

[Ian]

Quick, quick deploy time.

[Dave]

When we went to the dinner. We went to the dinner a few months ago with some of the, you know, very intelligent brothers. And this was like a high power thing. And they said it's going to take 20 years to reverse what's been done in the first three months.

[Ian]

Yep.

[Dave]

Facts not a game like you say you thought was just something like 60 already done. That's a fact. It's not just like that's done 60 in eight months. That's a very. That's moving extremely efficient.

[Ian]

And that pipeline of people to put in that office is not slowing down. If you go back once again the episode title episode follow the money of the person who is backing vice president and others that are coming after. Then the Democrats sitting there doing nothing. I told y' all last year, if Plaza is the main advocate for the Democrats, this is over with it. I like plus I like some of the songs. But if that's your number one black voice, oh, boy, she'll lack an at belt to ass. Sorry.

[Dave]

That's why Mandani is actually gonna. Because at least he has balls to actually stand on what he wants to stand on. The other Democrats like Cory Booker and them, they're just going the direction that the wind blows them.

[Troy Millings]

So what. What.

[Ian]

It. I'm with you. Let's get.

[Troy Millings]

I think this mic.

[Ian]

6, 7. What then the boy took them photos.

[Dave]

I mean, we gotta be honest.

[Ian]

You gotta be real trying to acknowledge, hey, Democrats. I keep asking who is the Democratic stuff. We don't need a Democratic star. The Rock went to go do a movie and fake the heart attack so he didn't have to talk to y'. All boy lost 83 pounds in two weeks. And Kevin Nash talked about Rockhouse. Man, a Rock don't want to talk to damn Democrats is over with. Y' all seen eight years ago. There's not a star other than Madani lined up right now. No, Gavin. Gavin, go look at the state of California. He's not going to run the country with that pushing.

[Dave]

Gavin Newson's pushing that line, though. He's pushing the line. He's pushing the line. He's pushing.

[Ian]

I'm watch.

[Troy Millings]

I'm watching his social media pushing.

[Dave]

He's gonna run for president for sure.

[Ian]

He gonna run, but he need a tech aristocrat behind him for it to work.

[Troy Millings]

They all in this. I mean, all they. They headquarters is in his state.

[Ian]

You think Mark about to get behind Paul's? No, he over there with Trump single throne. No, no. And it's the interesting part. The one thing that the, the Republican side and MAGA side did do. They reached out to the entrepreneurs and founders who were on the fence and at least rope them into the to the deals.

[Troy Millings]

Is. Is Jasmine a star?

[Dave]

She's all but she's a black woman.

[Ian]

So you already know how that goes unfortunately. And then in a media game, the other part of the game is to defame you and destroy your brand before you even have room to have impact at a large scale. That Obama.

[Dave]

Make a star. They can always make a start.

[Ian]

The Democrats.

[Dave]

Oh in politics. Obama was two years in being a congressman and ran for president and won Madani. He was a rapper six years ago. Like he was on city council. He's 33 years old. He just can now. He's about to be mayor of the most powerful city in the world. One thing about politics, you could rise up. You could rise up the ranks very quickly if you're cap.

[Ian]

If you have charisma, if you're selected to rise fast.

[Dave]

Well okay. And boy, even if you select you still gotta have charisma. One thing, one thing about Obama, he had, he had a lot of charisma.

[Ian]

He was transecript.

[Dave]

He. He could deliver speeches very well. He did something that, you know, I mean like was pretty much impossible. But one thing I learned about politics is that you got to have a lot of charisma. I like, I like Westmore. I like West. I like west more solid lesson solid. I think the. I think the Rock should consider running.

[Ian]

He's not gonna do it. I, I think they same with strike when they should IPO the same time. I agree but I think he afraid.

[Dave]

To Josh Shapiro over with.

[Ian]

Over with overwork over with. And you have to have the conversation at some point. Maybe on blackout we ain't delivered.

[Troy Millings]

We ain't deliver Pennsylvania man.

[Ian]

If they were preparing him to be vice president before his death, who was next in there and they a you camp to run next. There's no farm system for the Democrats.

[Troy Millings]

I've been hearing that Jon Stewart case for a while now.

[Ian]

For a while.

[Troy Millings]

Yeah. That he should to throw his name in the race or what Just a. A Democratic nominee who could potentially run for. For the office. Yeah, they were saying his name a lot. Somebody just put it in the chat. Yeah. I'm just telling you I, I've heard it. That's not the first time I've seen that.

[Ian]

Okay, we have the ninth and we need six runs if we're going to not saying that he doesn't have good thought, good ideology and he's fought he's.

[Troy Millings]

Fought for sure, for sure for the, the 911 causes.

[Dave]

I don't know, he could do debates.

[Troy Millings]

But he's super intelligent too.

[Dave]

No, no, for sure he's intelligent. I mean, if you're saying that, then there's a lot of intelligence.

[Troy Millings]

But is intelligence a barometer at this point?

[Ian]

If you're going to swing the pendulum back for sure. But John Stewart is worth at 120. Is it worth to have to maybe spend 40 or $50 million in proxy wars with Tech Bros. And Silicon Valley?

[Troy Millings]

Does he have to spend it or they're gonna raise it for him? We just saw the, the highest raising.

[Ian]

Trump just says, oh boy, got indicted and there's more to come. I don't want an opponent who's willing to crash out like that.

[Troy Millings]

Look, somebody said, Stuart, better than a rock. They believe in them. We'll see.

[Ian]

The other part is you have to want to run and put your life on the line. Not many people are willing to risk that. Yeah, I just put my money in Bitcoin and open AI.

[Troy Millings]

Much easier.

[Ian]

Much easier investment.

[Dave]

I don't know. Is this mic? Is. This is a problem with the microphone?

[Troy Millings]

Oh, no.

[Ian]

Your message has been loud and clear tonight though.

[Troy Millings]

To switch. I'll switch it on in like a second. Next time Ian talks, I'll switch it up.

[Dave]

Charlemagne, the guy. Oh, he run for president.

[Troy Millings]

Oh, Charlemagne was calling for John Stewart. Yeah, see, let's pick it up. Picking up some things.

[Ian]

Politics are a tricky game, man.

[Dave]

Mark Cuban.

[Ian]

I don't know if the country is ready for that.

[Dave]

All right, let's talk about this EA deal. EA Sports.

[Ian]

It's in the game, or uae.

[Dave]

Now, that's a fact. UAE for the vibes. So EA Sports. So we talk about. Oh, can they hear me? Because this is gonna, this is important.

[Ian]

I can hear you loud and clear.

[Dave]

Chat. Can you hear me? Can you hear me?

[Troy Millings]

Chat, I say. Your mic's fine. Dave Chappelle. Shout out to Dave Chappelle. Super intelligent as well. Yes, we can hear. Yes, yes, yes, yes, yes. You good, Go ahead.

[Dave]

All right, so we talk about private companies going public a lot, right? From an educational standpoint, open AI, Right. Eventually one day they're going to go public, meaning they're going to go to the stock market and then you can actually invest in open AI. Starts as a private company, then goes public.

[Troy Millings]

Right?

[Dave]

We talk about that a lot. That's what an IPO is. But sometimes it actually happens in reverse. I guess the most famous one up until now has been Twitter. If you remember Twitter was actually a publicly traded company that got taken private on the sale. So now ea, EA Sports will go private in the largest deal so far. $55 billion deal paying shareholders $210 per share. Electronic Arts, better known as EA, has announced a 55 billion dollar all cash straight cash acquisition deal with the public investment fund not of Abu Dhabi, Saudi Arabia, Saudi Arabia, EIF Saudi Arabia, Silver Lake and Infinity Partners. Under the agreement, EA shareholders will receive $210 per share. PIF, which currently holds 9.9 stake in the company, will become the majority investor in a newly structured private entity. The deal marks the largest all cash sponsored led take private transaction to date. That includes 20 billion dollar loan from JP Morgan Chase.

[Troy Millings]

So good to have good friends.

[Dave]

Okay, this is interesting.

[Ian]

What do you think the end goal here given Liv Golf, the comedy show is starting to get some pushback. This deal. What's the. I've been telling people about Saudi Aramico forever, but what do you think the end goal here is for Saudi as an investment fund and as a country?

[Dave]

What's the.

[Ian]

What's the comedy show is Dave Chappelle, Bill Burr, Kevin Hart. It's like invest. That's what can be like. I think they spent, I think the number is 26 million on talent.

[Dave]

Oh, they have it out there in Saudi Arabia.

[Ian]

There's sort of be some pushback on it.

[Dave]

Pushback in Saudi Arabia?

[Ian]

No, from Americans to the comedians to do that show in Saudi Arabia.

[Dave]

What's the pushback?

[Ian]

Because of atrocities and things that are happening in Saudi in terms of human rights.

[Dave]

Well, I know Dave Chappelle doesn't care about that. So he, he, you can't, you can't cancel Dave Chappelle. He's uncancelable. So they talking about, I guess Kevin Hart, maybe they put some pressure on him.

[Ian]

There's some coming. Yeah. Collectively.

[Dave]

Pete Davidson, they said also.

[Ian]

Oh, Pete. Yep.

[Dave]

Oh, that's. Yeah, you, you put pressure on them. Pete Davidson, people like that. Dave Chappelle, you can't. He don't care about that.

[Ian]

Yeah, he gonna get that coin especially we go quick 15.

[Troy Millings]

A man of integrity, Dave.

[Ian]

Good dude.

[Troy Millings]

One of, one of the greatest.

[Dave]

All right, so from an educational standpoint, why, why would a company, why would somebody take over a company like this? Well, one reason is full control. That's what Elon Musk did with Twitter. He wanted full, full control to spread his, his nonsense. And that's what he's able to do as opposed to having a, you know, answer to a Million different people still got to have a board. You still have a board. But I guess that's one reason is why. Why would they do this? The next reason is what would make EA Sports that valuable to be the largest deal ever? Like, is FIFA 2026 gonna influence the minds of young people? Like, or is it just that? Is it valuable like that from a cash cow perspective? Like, why would this, why would this be the most valuable transaction of all time?

[Ian]

You gotta take, you gotta pay a premium to get it off my hands, especially if I'm already invested in it. A lot of times in negotiation you have to have a deal that's so irresistible that the investor or buyer can't say no to it. So like the story where you hear of a guy went up to a house and maybe worth 400 grand and his wife wants the house, so he offers 3.6 so he can get it immediately. This is the, the tech version of that. Is FIFA and NBA Live and Battlefield that valuable? Maybe not now, but in terms of media to display your messaging on. And also with the slow erosion of America, we were saying this before the show started. They just ripped out a page out of America's playbook for what we did. Like GI Joe was a military campaign that was pro military and so was Call of Duty. This is just them doing it in reverse to get more eyeballs on their country for their ultimate goal in the end.

[Dave]

Saudi Arabia you talking about? Yes, but how does Saudi Arabia get more eyeballs on this country by buying EA Sports?

[Ian]

Because, well, there's clearly a clear blueprint in Dubai for entertainment. I think this is a one piece and a concerted effort over the next four or five years to make that an entertainment and business hub as well. The same way to do. By the. While we're going through a slow erosion, they're definitely 100.

[Dave]

They're 100 trying to copy Dubai's model. But I'm just, I'm just interested to know why the video. I understand from a concert standpoint, from a comedic standpoint, that that makes a lot of sense. Increase tourism, rebrand the country, get people interested in it. 100 live golf 100. But why does EA Sports.

[Troy Millings]

I literally just said this like earlier in the show, like, this is not about video games. This is about the next wave of entertainment and a deeper integration inside of artificial intelligence and having the user base. This is why, again, this is why a company like Silver Lake, which is one of the most private, most powerful private equity companies in the world, is involved. Right. It's the reason why they involved in TikTok, right. From a data standpoint, it's the reason why they're involved with Stargate. From an infrastructure standpoint, it's the reason why they involved with UFC and WWE from entertainment. And now they have from a gaming standpoint all those things. How do we get deeper into the integration? How do we get a user base? This is how you do it, right? They're the leaders, right. You can say Take two, you can say Activision, which was bought by Microsoft.

[Ian]

Yeah.

[Troy Millings]

People are acquiring these things. Right. What is active? What has Microsoft done with Activision Blizzard?

[Ian]

Oh, wait, nothing. Nothing of prominence.

[Troy Millings]

Acquired. EA acquired. You put all those mediums in terms of how we can reach people at the largest scale. They have it. If this is going to go private in. In June of next year, right. It. They don't care if Madden 27 sells or not. That doesn't matter. It won't matter that those things. Yes. It'll bring in billions of dollars of revenue each year because people will buy. I'm one of those people. Battlefield will sell. They want the user base and they want to make sure that they have it at a prime point. Right. Tick Tock becomes something that America now has under his will base. We have that. Let's figure out how we can now integrate the next phase of entertainment. How do we do it right? Do they. They're now doing like sporting events, right. That are just going to be virtual. Like you can see, you can be there and virtually beat it. The next thing is you'll be in the game. Right?

[Ian]

And right.

[Troy Millings]

Like they said, EA Sports is in the game. The next thing is that you'll be in the game.

[Ian]

Okay? And as media, TV shows and movies decay in viewership, one of the greatest brainwashing tools you can use are video games. Where most video games are better than said movies. Like I like the Last of us showing HBO. The Last of Us 1 and 2 are three times better than a TV show. Even though they adopted the.

[Troy Millings]

The actual game.

[Ian]

You're saying the actual game. Phenomenal.

[Troy Millings]

Yes.

[Ian]

One of the best written games I've seen in my lifetime. If the average person, I think my brother told me this three or four years ago. The average video game player or user is spending 6-12x amount of time playing video games in an immersive experience than they are watching any TV show. Take a game like God of War. God of War has more fanfare than whatever biggest TV show that comes comes out that's popular for three weeks. So if you Deploy your messaging or your propaganda against that asset. It's. They're taking that page out of our blueprint.

[Troy Millings]

Yeah. Yeah, Darcy, you're right. DTA. There won't be anything bigger than that GTA 6 when that drops next year. Same blueprint.

[Ian]

Yeah.

[Troy Millings]

Ain't blueprint.

[Ian]

Yeah, so allegedly.

[Troy Millings]

All alleged. And again, remember who's the ownership of all those things, right? So when we see who's in the Oval Office in January and Stargate gets announced, okay. We see the ownership of this, this 55 billion dollar deal with EA. Are there ties still to this administration? 1,000%. 1,000%.

[Ian]

They're not even hiding it. They're giving you the blueprint.

[Troy Millings]

Your son in law.

[Ian]

Live and direct. Yep. And also it sucks if you're not in the inner circle or part of that party. But this is what generation of wealth does look like. Keeping all the deals in house.

[Troy Millings]

And you again, Dave did the deal. But there were financial institutions involved as well. We'll leave those. I mean you said the names, but.

[Ian]

Another one that wants to run for president? It ain't gonna happen.

[Troy Millings]

Yeah, I'm just saying like think like these are all working together.

[Ian]

Take two interactive. Yes. Ticker T2. Great stock. Great investment. Great long term hold for sure. Follow the money.

[Troy Millings]

Follow it every time. It's gonna lead you to the answer.

[Dave]

The Bad Bunny thing. We'll be talking about that on Blackout.

[Ian]

Benito Baboni.

[Troy Millings]

Congrats to Benito.

[Ian]

Congrats on fire, yo. Congrats on fire.

[Troy Millings]

Congrats.

[Ian]

Show was phenomenal too.

[Troy Millings]

I watched the, the Amazon joint. Different. Different.

[Dave]

Bonito.

[Troy Millings]

Yeah. Legend. Legend. What he's. What he's done for his country.

[Ian]

Different gdp. Mover for real in real life.

[Troy Millings]

Mover in real life.

[Ian]

It's sold out. Packed today. There was no black coverings on no seats when I went. Packed to the Raptors, yo.

[Troy Millings]

Not different.

[Ian]

That's honorable.

[Troy Millings]

What he did for his country is honorable.

[Dave]

Okay. Shout out to all the Boriquas out there. Okay. Hit the like button and share. Hit the like button and share. Somebody put in chat a little while ago that they almost near retirement and they gotta figure out when and how to liquidate their positions, I guess. Or start to scale back, I guess on some level of risk. So what would be the advice?

[Ian]

I mean, how old are you for one? Because the ultimate risk could be not remaining invested. But age has a lot to do with that. What city and state you're living in. Debt to income ratio. There's a bunch of factors that go into this. But I Wouldn't liquidate all capital. Because given the way things are going in this country, inflation is going to continue to be rampant. The 4%, 5% rule always is a good one to do, depending on how much capital you have invested. But I think just to be fair, it's a lot of questions to ask before we get there. But as a former advisor, what would you tell this person to do?

[Dave]

I would definitely, as you get close to retirement, you want to be less risk averse for sure. So even if you're not fully, I don't think you, I don't think you have to go out of the stock market like you said, because then you still have to have money while you're in retirement. Unless they could go fast dying, like the whole goal. So, okay, Mount Everest. Mount Everest. Interesting stat. You know, just amount just as much or potentially even more people die on the way down than the way up. You know why?

[Ian]

Why is that?

[Dave]

Because nobody really plans the way down, only the ascension. If you really think about it, like all of the, when you climbing a mountain, all of the, the theory is like, okay, like I gotta have enough oxygen, I gotta have enough, you know, food, I gotta make sure, I gotta change the socks. I got you. You're planning, you're planning to get to the goal. The goal most people goal in climbing a mountain is to get to the summit, is to get to the top of the mountain. But if you're trying to live your, your real goal should be to get back down. That's the goal.

[Ian]

Safely. Yep.

[Dave]

That's actually a goal.

[Ian]

No helicopter up there. You gotta check your ass back there.

[Troy Millings]

Making out alive.

[Dave]

So it's, it's sort of like retirement. The same way most people's goal is to get to retirement. Well, that's only half the battle.

[Ian]

Yeah.

[Dave]

Because okay, if you retire at 65 years old, what are you going to do for the next 25 years? 30 years? You got to have a, you gotta, the strategy to get down is just as important or even more important because you can't afford to make mistakes if you're no longer making income. So you got to be extremely strategic in your planning. When you're, when you're actually in retirement. You want to be a little bit more conservative, but you still want to have money invested. You might want to have some level of guarantees. We talked about annuities before. You got to have a set amount that you can allocate towards a monthly taking money out. Because that's another thing too. The worst thing you can do is take money out of a portfolio when it's a down year because then you compound, you compound them off your losses.

[Ian]

Yep.

[Dave]

Oh yeah, compound your losses. And that's one thing you learn about math also is like okay, a hundred dollars, right? And a hundred dollars goes to 50. That's a 50 loss. But in order to get back to a hundred, you have to have a.

[Ian]

Hundred percent gain and for confident purposes, 2 to 300% gain to feel that you can stay in the game.

[Troy Millings]

Just got your money back, huh? Are you gonna make money now?

[Dave]

So yeah, so it's vitally important to have that plan, that strategy on going down. I would definitely suggest to have some more, more of a conservative 60:40. That's when you could probably go with the 60:40 blend when you're actually in retirement. You don't want to have too many individual stocks when you're in retirement. You should definitely look at some level of variable annuities potentially if you're comfortable with the, with the cost that it costs. But you know it's going to give you some guaranteed protections as far as income is concerned. Consult your advisor. But don't liquidate your entire portfolio because you need to beat inflation and you still need to be making money on your investments while you're still in retirement. Because if not the worst thing to do in life is, is to, is to run through your money, nobody and then go broke.

[Ian]

Oh my God, that's hell on earth for real.

[Dave]

That's the worst thing. You don't wanna, you don't want to have to save your whole life and then spend your money 10 years into this thing and then you're 70 years old in your fat and you're flat broke.

[Ian]

Yeah. Can I read an interesting stat? Over the past 15 years, 2009-25, u. S. Inflation is averaged about 2.56 per year. Cumulative inflation is 51 in 15 years. So think if you go another 15, that's crazy. Half your money, that's half your money going for, into vapor for nothing. People like yo, we want more quantitative ease in the market was on a tear. That's part of that 51. That's why I keep saying like even people that are wealthy you're seeing work harder than ever because all of them are investing and they're looking and saying well damn, if, if my real number is 20 million, if I get to 20 is really 10 after taxes and maybe 5 is change. Everyone can live off that. Not if they inflate the away. I've never seen more Americans. Richie talked about it on Blackout. Rashad and Troy got the plan to Ghana me. Viva la raza. Mexico. I've never seen so many Americans have an exit plan out of the country due to cost.

[Troy Millings]

It's a real thing.

[Ian]

It's insane. 51 since 09. I don't even want to go back to 2000.

[Dave]

What?

[Ian]

It's in our lifetime.

[Troy Millings]

Which is why you got to invest.

[Ian]

You have to.

[Troy Millings]

The only way to.

[Ian]

To combat it long term.

[Troy Millings]

You got to do it.

[Ian]

And after you invest and build your business. And I hate to say this too. Stop overloading the business with all the payroll and human capital cost. It's not my thought. It's Larry Ellison. It's Sam, it's Mike Satya is Steve Jobs from the grave. Everyone's. But that is because the rate of return on capital is going down due to the erosion of America.

[Dave]

America 100America.

[Ian]

Man.

[Dave]

We got a lot to talk about in blackout. But it's been a mass shooting every single day of the year so far in 2025. There was a mass shooting today a mass shooting is four or more people that get injury shot at one time.

[Troy Millings]

Yeah.

[Dave]

Excluding the shooter. So there's been 300 and like 30 mass shootings so far this year.

[Troy Millings]

Insane. But insane. That's heartbreaking and insane. Absolutely insane.

[Dave]

Absolutely crazy.

[Ian]

Jesus Christ.

[Troy Millings]

Yeah. Shout out to Angela. I seen she was in the chat. She said that her stocks are in the red this year. I'm just trying to think to myself.

[Ian]

Which ones are you in?

[Troy Millings]

I wanted to type the. The companies that she's in so we could kind of get a good look at where she invested in.

[Ian]

Yeah. Because you either bought the wrong companies or bought in at the wrong time. But if everything's in the red, let me just help guide you right now and tell you which ones to cut.

[Troy Millings]

Yeah. Angela, if you could do that that'd be great. Because that comment is like I'm just. I'm sitting here like especially since April. Yeah. I'm interested now. I'm like really interested to see. See where. Where the money was going.

[Ian]

Yeah.

[Troy Millings]

If you could. Angela, we appreciate you.

[Dave]

Okay. Let's talk about some. Some buy in points for some stocks. Microsoft.

[Ian]

If Microsoft drops to 498.88, that is an entry point stock club. Don't worry about giving away our prices. 498.88 is an area I'm looking to get in a lot of you were asking me about a fourth quarter plan. So I do want to give away some prices tonight. Microsoft 498.88.

[Troy Millings]

Oracle.

[Ian]

Troy, you got pushback.

[Troy Millings]

No, no, no, no, I'm with you. I was gonna say the next one because I know these are like the common ones that get asked.

[Ian]

Yeah. Oh, for sure. Microsoft. Yeah.

[Troy Millings]

Oracle now.

[Ian]

Oracle 218 92. I know given all the news the last couple weeks, Oracle's been on the tear. Larry Ellison, great CEO, Oracle, solid company. There will be a reversion to the main or contraction on price. I want to get in that 218.92.

[Troy Millings]

218. Okay.

[Ian]

It's gonna go back up to the upside, but reversion to the mean.

[Troy Millings]

Yeah.

[Ian]

Precipitous contraction.

[Troy Millings]

Keep going.

[Ian]

It's gonna bounce. It's gonna be like a V shaped bounce for them.

[Troy Millings]

Yeah, I think the, the that cloud percentage that used to clock at 3% we're going to obviously see an uptick.

[Ian]

Absolutely.

[Troy Millings]

A lot is contingent on. On a lot is contingent on open AI.

[Ian]

Absolutely a lot. They're the two kings.

[Troy Millings]

Oh my gosh. Microsoft obviously by its affiliation. But a lot of America's future is contingent on these rider.

[Ian]

On these two.

[Troy Millings]

Yeah.

[Ian]

And even I know that's a deep price cut but the depth of drawdown is reflective and acceleration of return. So if something will draw down 1720, you can expect a 3x multiple over a 2 year period. Usually when a stock only drops 2% for a year, the upside is like 10 to 12%. So it's not an indictment on the company, just the volatility in the space that they're in. But there will be a high return if they do get to that price. Just to be fair.

[Troy Millings]

Another popular ticker talent here.

[Ian]

You know what, I've, I've watched some of Alex's interviews. Even though I don't like what the company does, I, I'm slowly becoming a fan of him as a executive. With that being said, 14788 is where I would like to enter into Palantir when they have a pullback.

[Troy Millings]

I know some people are like on their, their charts right now and they're thinking like wait, it's at 178. How will it ever, how's it going to go back there? You a part of this is that and we stress this a lot, especially for people that are buying shares that we don't want to be at the 52 week high.

[Ian]

No, you don't want to be like.

[Troy Millings]

Some of these are like really close to the 52. If not at the 52 week.

[Ian]

Yeah, right. Like the all time high was 190. There 178 6. You don't want to be buying there.

[Troy Millings]

Yeah. And so we always like that's that having that plan. What is your plan? If it's equity, if it's futures, if it's options, like what's your plan? Is it a 10 pullback? 15:20 pullback with where's your entry point if you're going to invest? So like I know it sounds like 141 was so far from that. Well there's obviously Ian has a specific plan and that works.

[Ian]

You make more money listening to me than that works.

[Dave]

It doesn't work.

[Troy Millings]

A specific plan that works.

[Ian]

I made you money. Please put y' all some chat everybody. April hit. And here we go.

[Troy Millings]

Here we go.

[Dave]

This is a fact about Google.

[Troy Millings]

Google.

[Ian]

And they've been doing a fantastic job for sure over the last three or four months. I like Google at 236 flat. I wouldn't wait for as deep as a pull down on Google. I know they, they had that gap from 212 up to 226 but I like them at 236 flat.

[Troy Millings]

All right. One of my favorites. One of my favorites. And shout out to everybody in the chat that has made options calls with us on Broadcom Avgo, what we looking.

[Ian]

At 14 just joking.

[Troy Millings]

This is Mike.

[Ian]

I know somebody for real. Let me see. Avgo I like at 293 flat. Not, not a hell of a pullback. I think maybe November ish December. But 293 flat is where I would like to enter on Avgo.

[Troy Millings]

I'm not mad at ABGO right now. Obviously we, we were in this and when it was 150, 170 we had some more and it's in a downtrend now. And so if we're looking at percentages, take where it's at now where it's all time high was see what that percentage is in. If that hits that metric for you, whether that's a 15 pullback or 20 pullback. It's starting into those numbers. So I actually like it at that same area.

[Ian]

Yeah.

[Troy Millings]

If I'm buying, if I'm buying shares.

[Ian]

If you're buying shares. Yeah. And someone asks you do market or limit order? Always do limit order to have high returns.

[Troy Millings]

Oh absolutely. Yeah absolutely. That'll be the order. Yeah, that'll be the difference when you enter the trade. When a lot of times people like wait, I just bought it, it's negative already. Well you probably order at the market price.

[Ian]

Yeah. Because they can place you wherever they decide to place you exactly post a particular price.

[Troy Millings]

There you go.

[Ian]

Yep.

[Dave]

What about Nvidia.

[Ian]

Stock Club? Don't be mad and but really quick. If you want prices for every stock of where to get in in the market, go to enivest.com Please enjoy the stock club. If I made you money, please put yes in chat like Nvidia at 16350.

[Troy Millings]

Can we throw a bonus one? Because the chat just keeps saying the same thing over and over. It's interesting that I originally had that in the notes and then I kind of was like I know people are going to ask me Nvidia but originally it was Robin Hood. What do we think about Hood?

[Ian]

I think. Hold on one second. More importantly is end of year target opposed to entry. But I'll do both. If I was to enter a new position in Robin Hood it would probably be at 11655. A hell of a year for Robin Hood. Kudos to Vlad. They have a chance to potentially end the year at 161.83. But just an amazing job by the team. Like even being on Twitter. Not in a magazine shotty but watching Vlad tweet. Like you, we all see entrepreneurs when they have that, that light and that love back for the business. Not saying to the left but it's an increased level of like excitement I'm seeing from him and the way that they're creating and pushing out new products. They've done an amazing job. But 161 is the end of your target.

[Dave]

I think they can get to like what about Lululemon? That's. That's one that people put in. Sure.

[Troy Millings]

Yeah.

[Ian]

To quote Warren Buffett and Charlie Munger, God rest his soul. Lululemon is for a while. But if I was to enter a new position, 1403 is where I will enter my first position. Worst case scenario like load the boat would be 113.39. Also too. Going back to the health thing and we'll talk about this on blackout. The clothes that are made by certain brands. If the source material can give you health ailments. Is that something you want to invest in and is it the best use of your investment capital? It was great Aloe wiping Lululemon down. I can go to a bunch of brands just. Just from brand standpoint.

[Troy Millings]

Yeah.

[Ian]

That if you ask most do you want this or that Lululemon not in that category anymore. And once all that data came out about the synthetic fibers and all that and because most of these are bit off oil derivatives going back to The Rockefeller breaking up companies and. No, them and Nike are kind of in the same bucket as uninvestable assets and sectors right now.

[Dave]

So D Sim Jr on the Super Chat, he said if you're dot, if you're doing dollar cost averaging, should I care about the price point or just buy according to my plan?

[Ian]

Price is everything. If price is not in your plan, you don't. Not in particular. But talking to the audience, if you don't have a particular price on when to buy an asset, you don't have a plan, especially if it's in the failing asset like Lululemon or Nike.

[Dave]

But you can, you can, you can put money into the market every single month. Honest. That's what a 401k is. Not off of market prices at all. Which historically has done better than the. The S P500, actually.

[Ian]

But if we go on. My bad.

[Dave]

If you're just investing one time. So I don't want to discourage people.

[Ian]

Okay. Okay. Well, this will report why I get canceled. We keep it real. You're right. Investing into 401k is better than doing nothing. Just on this show alone, any one 401k allocator. I've outperformed that and the S P by a mile. And I don't want us to be held to norms so that they gate kept from us. Every investor we know invests based on price. The price of what you pay for an asset, like even a 6 or 7% difference in price, depending on the number of shares, may be the difference between tens of thousands or hundreds of thousands in your account. So I would rather he of course invest every month. And if that's his plan on the second Tuesday of every month or second Wednesday of every month, which is better than buying on Monday and Friday or buying at the end of market session every Friday, do that. Yes. But if I'm talking to him as if he's my son, we have to wait on a particular price.

[Troy Millings]

Yeah.

[Ian]

Rashad, when you bought the house and you didn't say, yo, just wire, take whatever you want to out my account, just wire to yourself. And then I bought the house. Okay. What I know you do every note, chat, GPT, Perplexity, wrote it down. This is the price I want to pay.

[Troy Millings]

Limit order. Is there a retail stock that's not named Walmart, Costco, Amazon, that's worth investing? I'm asking because I'm asking myself that.

[Ian]

I. I don't.

[Troy Millings]

It's. It's tough.

[Ian]

All those in stock, probably. No Nike, no Starbucks is a definite no target definite. No. I mean Lemon on arrival. We just gonna talk like it's us? No, all those are uninvited. Those are toxic.

[Troy Millings]

Foot Locker, Macy's dead on arrival Zombie. It's bad.

[Ian]

And retail is one of the cornerstone investments of America. If that is failing, it's an inkling and canary in the coal mine of what's happening to the broader economy. Dollar Tree is a hedge and a retail retail space from when the market is not doing well and Dollar Tree is underperforming. It's tough.

[Troy Millings]

It's.

[Ian]

It certainly is Dollar General getting wiped down.

[Troy Millings]

You know what somebody put in the chat? Ulta Beauty. Ulta Beauty has rebounded. We gotta get. Yes, Ulta duty has rebounded. Yeah, it had a crazy since April for sure. Yeah, April. A lot of things have changed. Yeah, that was a good one Ulta.

[Ian]

But are they better than app best use of capital. Is it better than Amazon, Walmart, Costco? You can argue niche specific Home Depot? No. If I gotta like determine my livelihood off setting spray and lashes. No, I'm no, I like oto. But these just jokes invited by self. But no. Nope, nope. The light beat won't lead to liberation. You should just joke shout out to Ulta.

[Dave]

As alternatives to money market or high interest savings account. Does QQI and S P Y I serve as better alternatives?

[Ian]

Yeah. If we're just talking alternatives to a savings account any equity almost it will be better performing. I don't know if I'll in invest in QQI even though I invest with a Vesco I like Vanguard. An index fund or ETF is a better allocation of capital than putting it in the savings account where you could probably get a quarter of 1% return on a higher end account. So QQQI yes is a good option. It wouldn't be a primary investment but if you're just starting opposed to put into a savings account. For sure. For sure.

[Troy Millings]

Yeah. Those are always interesting the ones that have the additional letter. I did a case study a few months back on. On a semiconductor XOXL semiconductor ETF with three times leverage. And I've been watching it now for like six months and. And it's interesting, right? Because if it. It moves 3x if the ETF grows and if it pulls back 3x so it feels like not that a gamble, but it's a calculated risk.

[Ian]

It is definitely higher volatility.

[Troy Millings]

It is. It's very volatile but I. I think I might have uncovered. So I'm gonna wait a full year to unpack what I've Researched, but so far, so good.

[Ian]

Yeah. TCL and stock club and TQQ are two that I recommended that the drawdown are tough. Like, you can make a lot of money in an up market. When it begins to be a down market, like how we had in 2022, you have to have tighter stop risk, like, so 15, you got to get out.

[Troy Millings]

Here's the interesting part. Right? So like a TQQ or XOXL in the event in September has been an anomaly. The market has defied all statistical research of how September usually performs. Yeah, let's just put that out there. October. Will that happen again? I don't know. It may not. But in times of pullbacks or corrections, should we focus on maybe a leverage play for that rebound on the way up? Could be volatile, but also could be very rewarding publicly.

[Ian]

No. Maybe in private conversation. Yes. Because there's going to be a consortium of people who. Who don't listen when to get out. And because it's triple lever or quadruple levered, they're going to get slaughtered.

[Troy Millings]

Right, right, right, right.

[Ian]

Yeah. Yes.

[Troy Millings]

Strictly for live men. Not. This is not. Yeah, it's not a freshman conversation. Okay. Somebody, like, they're writing notes right now. They understand exactly what we're saying.

[Ian]

Yeah. So, like, once you have your. Your core four, if you go into, like, the dark horses or what I call all stars that are on the bench, then you can layer them there after your primary four. They can't be a primary investment because.

[Troy Millings]

No, no, no, no, no. I'm glad you made that. That justification clarification. Yes. No, that's outside of the. The legs of that table. That's outside of the equities. That's. This was like, I wanted to just do some research and say, like, oh, wait, there's something here. Yeah, thank you for that.

[Ian]

We've just seen Kevin Gates go through a volatile situation. That's your portfolio. Portfolio look like. Yes, Lord XOXO and tucl. Those are volatile sides. Put it in chat. We do not invest in volatile side pieces. Shout out to Michael Porter Jr. Too. We gonna talk Brooklyn.

[Troy Millings]

That's own.

[Ian]

He may have CTE, too, but that boy is a philosopher when it comes to that investment of a relationship. Rent Capital, KKR.

[Dave]

5050 on the wake up.

[Troy Millings]

The dividend.

[Dave]

50, 50 on the wake up.

[Ian]

And y' all gotta start. Stop telling the vibe that they're not a vibe. Because then to make the investment conversations a lot harder. Am I your baby?

[Troy Millings]

You.

[Ian]

You are the vb.

[Troy Millings]

Yes, yes, yes. Easy wallet. Yes. Vst. That's in the portfolio. We've spoken about this plenty of times.

[Ian]

Yes.

[Troy Millings]

And in fact, I'm covering that again because there's some things that I'm seeing in the market that are trending.

[Ian]

Chipotle.

[Troy Millings]

Just know that.

[Ian]

Know that Chipotle need another CEO if you're hiring Chipotle and coffee, y' all need to come together. Merge.

[Troy Millings]

Yeah, I told everybody we gotta wait. We sold those calls on Kava. And again, this doesn't help. Government lockdown doesn't help. Situations like that because if you look at the locations with Kava has opened a lot of them in the DMV area. A lot of them, like 25. And if you don't have people working, then you don't have people going to lunch. It's a whole thing. So. I still like Kava, the company. Obviously. I love the food. It was. It's once a week for me. But we got to get a footing on who the customer base is going to be. And Chipotle, I mean, same space after the split. We haven't really seen him perform.

[Ian]

Every time I come to New York, right, I order something for me and Xander. It's $60 Chipotle.

[Troy Millings]

Oh, just in general. You might as well just go get it.

[Ian]

I'm like, we might as well go somewhere to eat. What?

[Troy Millings]

Yeah. Yeah. At least some fees is crazy. At least the drone plays next.

[Dave]

Oh, foundation forward. Make sure you check out our series on Hulu with. With Chase streaming now four episodes.

[Ian]

Who you guys have on this week's episode?

[Troy Millings]

Week one was.

[Dave]

It was fire, I think. Appreciate it. Thank you. I think week two is. Is that Margaret.

[Troy Millings]

Pull it up. I'll pull it up.

[Dave]

Yeah. Well, we'll let you know. But yeah, check that out when you.

[Ian]

Get attended to it.

[Dave]

Hulu is no longer canceled, by the way. So it's safe. Safe to watch the show. Jamal Bryant, appreciate you. Thank you so much for listing the band.

[Ian]

Okay. Bad a snowman. And you got to know which ones what companies you can kill versus the ones that can survive the. The boycott too projects.

[Dave]

Broderick.

[Troy Millings]

Yeah, Broderick. And Venus.

[Dave]

Yeah, Shout out to Venus. She's a super, super dope, talented DJ from New York City. And Roger, that's Atlanta.

[Troy Millings]

Yeah, yeah.

[Dave]

Alpharetta, Atlanta, Georgia. So, yeah, it's a dope ser. We talk about everyday, everyday people, man. So. But yeah, man, I'm glad that, you know, Hulu is not watchable.

[Troy Millings]

Oh, hold on. She put her. The stocks.

[Ian]

She put in the open door. Q, B, T and sgmt.

[Troy Millings]

Yeah. Where she got those from?

[Ian]

You know what we haven't talked about Open Door. I like Keith. I was a fan of Keith before he get on this tirade. Right. So I'll save my commentary for another day. The other two, Q U B T. But once again Q Q U B T is not bad. It depends on the price, on what you got in.

[Troy Millings]

Yeah.

[Ian]

Very volatile. But you should look to start to take profit. If you got in below $11 or $12 and then SGMT is a no.

[Troy Millings]

ETO.

[Ian]

Yeah. It's not. And I know shout out to everybody who's in that business of ETF creation. All ETFs are not created equal. I know some are more pricey but this is like saying you can get a thousand dollar car to perform like a car that costs 35 000. Like some things are dead on arrival. No, I won't cast any dispersions against this group but it would not be a primary investment for me.

[Troy Millings]

This is a biotech etf. Yeah. I think, I think what you let off that disclaimer of saying there are better opportunities for you to invest in. I think that is safe to say.

[Ian]

Yeah.

[Troy Millings]

Yes.

[Ian]

And I know a lot of y' all going crazy over Open Door is the difference between a good investment long term versus a great trade. And those four, if I have to worry about them at night, it's not a good investment. Like can I ask candidly on Monday, how many times have you worried about me not showing up? I don't care if I'm in a tsunami, I'm gonna hit that fire stick and stream from the tornado. Whatever I gotta do. You don't want to connect your viability or your freedom to something that is so volatile you're worrying about it because the under rooted cause of you worrying is to know that it's a piece of. I don't like what I respectfully, I don't think that Apple has done what they're supposed to in AI. But I don't wake up in the middle of the night wondering what Timothy Cook is doing for the betterment of the company. Not one day. Not one day. So difference between a good trade. But thank you for having transparency and showing.

[Troy Millings]

Yeah, thank you. I wanna forgot. I want to get an email. We gotta figure out how we can get it. Or you can email me directly. Yeah, yeah.

[Ian]

Start with indexes.

[Troy Millings]

Yeah. We're gonna put you in Eyl University. This is a dope community that we heard of that people there's every stage. So those, those ETFs help research and find some, some other opportunities for you. I'm willing to do that. And obviously Thursday you can pull up. There's going to be plenty of people in there. I think what's beautiful about it is that people are giving information inside while the class is going on. So it's dope. So.

[Ian]

See appreciation. I appreciate you so much.

[Troy Millings]

We're going. Yes. I appreciate you.

[Ian]

And Microsoft. Nvidia, those two vti. You go there.

[Troy Millings]

No. Yeah. Dahudo, try to get her email. Duda, Shout out to Duda, part of our investing club. Let's get her email. Let's get her going. Appreciate you, my guy.

[Dave]

I was gonna get an email.

[Troy Millings]

You could text in here.

[Dave]

You can't text inside of.

[Troy Millings]

Oh, you can't see her chat. Oh, my fault.

[Dave]

Just tell her to DM you.

[Troy Millings]

Yeah, yeah, DM me. DM me. My name, Troy Millings. Angela, please. Thank you.

[Ian]

And I'm, I'm with the activism CEOs, but you have to make sure that the product works. Once again, best use of investment capital. I know everybody's pitching themselves to be the next AI thing. There's only a few leaders there.

[Troy Millings]

Yeah.

[Dave]

All right.

[Troy Millings]

Well done it again.

[Dave]

Yeah.

[Troy Millings]

Ladies and gentlemen, real quick before we get out of here in January, we talked about stocks that you look at and there was a company named App Lovin. Told you put on your, your watch list today. It hit his 52 week high and it went up 40 today because of the announcement that they're allowed going to allow users to create an ad business for themselves before it was recorded. Corporate accounts and business accounts. Which is going to be interesting. It's going to be interesting. App Loving is one. I've been watching it. I've been watching it. So shout out to everybody that has took it off their watch list and investing in it. And I saw some great, some great gains. But definitely we gotta. This is one of the ones that we got to keep our eyes on for the next six months for sure.

[Ian]

Rashad, Jeanette asked if you're good.

[Troy Millings]

Yeah.

[Ian]

My boy, he just came off the stage with Shark Tank this time. This is what real entrepreneurship looks like. Anybody who acts like every day is just full of joy in life, they're lying. Ellen, she prime example. Happy dance down the owl monster behind the scenes. Allegedly.

[Troy Millings]

Alleged. That's a legend.

[Ian]

Anyone who's happy all the time. Hey guys.

[Troy Millings]

Love you.

[Ian]

Every day they're scamming.

[Troy Millings]

That's a strong word.

[Ian]

Allegedly.

[Dave]

Blackout.

[Ian]

Tyo Lopez. Oh, hold your heads.

[Dave]

We got a lot to Talk about wow.

[Ian]

Brother. Also wow. Use of investment capital. Take a dead brand and revitalize it. I don't care how much capital you put into it.

[Troy Millings]

Yo. Tyreek Two Fingers. Kmart Radio.

[Ian]

I want to go buy no Rose from Radio Shack. You're fighting against Jeff Bezos and Laura. You know I'm gonna put together two pieces of and make it a great sandwich on premium.

[Troy Millings]

A big old sandwich.

[Ian]

Taino. Stop.

[Troy Millings]

No no, no. That's crazy.

[Ian]

That's crazy. And some of y' all blaming investors. Y' all better stop for y' all brands get ruined.

[Troy Millings]

Some of y' all was in control.

[Ian]

Juicy Penny together with Radio Shack and Venture Boy. Stop.

[Troy Millings]

And then we're gonna call Sears.

[Ian]

But I hope that this is not true. Do you serious? Do you know CS created Discover the.

[Troy Millings]

Card like the cup.

[Dave]

I think I heard that.

[Ian]

And Sears got destroyed creating a capital R stuff. You got to know your exit window. It was a great idea in theory. Horrible execution.

[Troy Millings]

We've seen a lot of that. Present day.

[Ian]

Yeah. No Shout out to Radio Shack two zombies together.

[Troy Millings]

Yeah.

[Ian]

Don't.

[Troy Millings]

Don't do that to Radio Shack. We. We shout out the Radio Shack. Before there was a Best Buy, it was Radio Shack Best Buy.

[Ian]

Another dead man walking.

[Troy Millings]

Before it was an Amazon, it was a Best Buy.

[Ian]

And here come Jeff with his brilliant idea. I'm sell your books. So y' all gotta watch them entrepreneurs that were traders and invest investment bankers first they get all the little data. I know how to just parse you down the day. Trish. And another one amazing futures trader. Price disparities discovery. Genius bevel. You got to take the trading talent then deploy it into another business. Then no one exit. No one want to walk away. In the trade is the most important thing in the business. No one walk away. So when me and Rashad get canceled. We fake the fight man. But we f go right to Ghana right after live stream replay.

[Troy Millings]

Man.

[Ian]

I knew they a like each other. They going back to the real energy. Right to G.

[Dave]

Reaction down of market Mondays.

[Ian]

But we are appreciative to everyone who watched. God. Thank you.

[Troy Millings]

We appreciate you.

[Ian]

Yes.

[Troy Millings]

We appreciate families 100%. Everybody.

[Ian]

Red Panda. Appreciate.

[Troy Millings]

Appreciate you. Somebody says Circus City. Circuit City.

[Ian]

Circus City.

[Troy Millings]

Damn.

[Ian]

Yeah.

[Troy Millings]

Damn.

[Ian]

I pitched a turnaround plan for Circus City back in the day before they went bankrupt. Damn. Yeah.

[Troy Millings]

We really grew up on all these joints. That's crazy.

[Ian]

Yep. And video.

[Troy Millings]

Both Sharper Image.

[Ian]

Sharper Image used to be.

[Troy Millings]

No. They always had the latest like gadgets.

[Dave]

Yeah. Make sure y' all check out Blackout. This week. We got a lot to talk about. We're gonna be talking about Young Thug.

[Ian]

Not what he do, but some other craziness. And now you see the album cover. It's over with.

[Dave]

He's embarrassing himself and he's embarrassing the city of Atlanta.

[Ian]

But I saw a MAGA man on Twitter, offended. That's when you know you messed up.

[Troy Millings]

About the album.

[Ian]

So disgrace.

[Troy Millings]

You want to go big.

[Ian]

It's a lot to talk about.

[Dave]

Yeah, but. But we're gonna talk about him. The therapy thing that he said. We're gonna talk about 50. 50. For somebody that's worth 200 million dollar contract, you're gonna do capital management. Yeah. We're gonna talk about the air pods infect on your brain waves.

[Ian]

I told you what the doctor told me. Tune into Blackout Wednesday live.

[Troy Millings]

We'll be there.

[Ian]

We'll give you some insights.

[Dave]

100. Then chef Laura Lorena from South Africa International Episode 6 o' clock on Thursday. More. You culinary. All you culinary Chef Lorna. Chef Lorna.

[Troy Millings]

Yeah. Lorna.

[Dave]

Wake up.

[Ian]

Stock Club call 5pm Central this Friday.

[Troy Millings]

Yeah, yeah. Stay tuned. You never know where we'll be. Stay tuned. Love is love. Y' all be good to each other. Happy birthday. Everybody has a birthday this week. Fourth quarter has begun this week, and so hopefully you've executed on your goals. Some of your plans have come to fruition. If not sound. It's time. This is where the winners are made. And usually the fourth quarter is a great quarter to invest. So October, sure. Let's see how this goes. November, December, should be. Should be some. Some real good gains, man. So I'm looking forward to that. Y' all be good to each other. Text somebody. Call somebody. Yeah, Let them know you love them. Let them know you care. It's important. One. One call, one text can change somebody's trajectory. Conflict resolution. Shout out to all my young guys, my young ladies out there that are practicing that at the highest rate. And for those that need help with that, hopefully somebody can guide you because we need all y'. All. We need everybody in this. This revolution that we're.

[Ian]

We're taking on and love and appreciation everybody.

[Troy Millings]

We love and appreciate you. I'm putting out my list. I'm putting out my list. Ian, you. Yo.

[Ian]

I appreciate you, my brother.

[Troy Millings]

I appreciate you, man. You're on my list.

[Ian]

Shoddy. I appreciate it.

[Troy Millings]

I appreciate you. Y' all on my list. Yay.

[Ian]

Tell my boy. Stop.

[Troy Millings]

Yo, is y. Is yay on the topic list?

[Dave]

Kanye for sure. He's always on the list.

[Ian]

Yeah.

[Troy Millings]

Oh, man. Love is love, y'.

[Ian]

All.

[Troy Millings]

Y' all be good. We out.

[Ian]

Peace.