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HERE WE GO | Meet Kevin Report 10 [Jan 15]

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FULL TRANSCRIPT

0:00

oh man today's inflation report was

0:03

absolutely incredible let's drink to

0:05

that one and go through exactly what was

0:08

in it what's going on with Israel and

0:11

Gaza what's going on the new information

0:12

regarding the California wildfires as a

0:14

surprise it's it's just even more of an

0:16

eye roller and what happened with

0:17

Quantum Computing stocks all of a sudden

0:19

quantum's back because of what Microsoft

0:21

said is it fugazi is it fugazy should

0:24

you be paying attention to it well let's

0:26

cover that and more on today's meet

0:28

Kevin report new news that makes to

0:33

[Music]

0:35

money nothing like cold coffee okay look

0:39

hey I just want to give a quick heads up

0:41

and I have a question for you as well I

0:43

I'm sorry things are discombobulated the

0:45

set's not done yet uh the 4K setup is

0:49

quite frankly it's just been a nightmare

0:50

and I apologize I I'm sleeping very

0:53

little just trying to grind through get

0:54

it done and it's been very very

0:56

difficult uh but I I think I'm I'm the

1:00

line is in sight so stay tuned however

1:02

this morning's CPI report kind of got me

1:04

excited and thinking like man you know

1:07

nobody wants to report the Morning News

1:10

more than me uh but I also like doing

1:13

the Evening News because then we can

1:15

kind of go through you know earnings and

1:17

what happened in politics in the day and

1:19

all that so then I'm like should we do

1:22

both I don't know leave a comment down

1:24

below should we have a me Kevin report

1:26

that targets uh let's call it uh I don't

1:29

know 5:00 5:00 p.m. right uh California

1:32

time which would be 8 Eastern and then

1:34

maybe a morning version that comes out

1:36

at let's say 6 a.m. you know right

1:39

before the Market opens and so that way

1:41

you kind of have both so an AM and a PM

1:44

version I don't know if you're into AM

1:46

and PM you know there's a store you

1:47

could go there or if you want this AM

1:49

and PM leave a comment all right anyway

1:51

so I apologize okay things are a mess

1:54

I'm not even like changed yet it's it's

1:55

just bad but anyway the cbii report this

1:58

morning was absolutely phenomenal and

1:59

here's the thing everybody was freaking

2:01

out again about inflation over the last

2:04

week especially because we had this ISM

2:06

report that came out people were reading

2:08

the headline of the ism report on

2:10

January 7th and they're like oh my gosh

2:12

this is terrible inflation is coming

2:14

back oh

2:15

boy and then I'm like what I made a

2:18

video on this y'all probably hopefully

2:20

saw it and I talked to course members

2:21

about this I'm like the report does not

2:24

say that inflation is coming back the

2:27

report when you actually read the

2:28

details of the report were simply saying

2:31

that slightly more businesses were

2:35

reporting higher prices 73 point I'm

2:38

sorry 23 just less than a quarter right

2:41

23.7 businesses were reporting higher

2:44

prices that was compared to like 21% so

2:47

if they called 100 businesses two more

2:49

reported higher prices but that skewed

2:52

the ism numbers and the headline and

2:54

made everybody think that inflation was

2:55

resurging but the reality was a below

2:58

average total set of of businesses

3:02

73.4% of them were reporting stable

3:05

prices so so really you the ism report

3:09

when you actually read it it was not

3:10

saying there was inflation again but the

3:12

same has been true of these CPI

3:14

inflation Reports most of the inflation

3:16

the new inflation I'm not saying yes

3:18

look I realize prices are higher right

3:20

but the new inflation that's driving

3:22

prices even higher most of that new

3:25

information that's driving price is

3:26

higher is based in limited categories uh

3:30

specifically auto repairs auto insurance

3:33

and medical expenses medical and

3:35

healthcare insurance right the these are

3:37

very very common we're still seeing the

3:39

decline of housing inflation although

3:41

it's still in there 3% La might prop

3:43

that up a little bit though you know

3:45

Nationwide we should still be on the

3:47

downtrend because of the crazy rent

3:49

increases that are going on in Los

3:51

Angeles so we'll have to pay attention

3:52

to those uh but anyway the report this

3:55

morning was so good that we basically

3:57

spawned a new risk on rally I mean Tesla

3:59

was was up 8% paler 3% Nvidia 3.4%

4:02

symbotic 6.5% the qes were up 2.26 the

4:05

Spy was up 1.8 uh uh the Dow Jones was

4:08

up six the 10e which peaked yesterday on

4:11

like a good PPI report you had a good

4:14

inflation report yesterday and the 10e P

4:17

it was

4:18

like this is stupid in fact when I made

4:20

my video yesterday I'm like this is

4:22

topsy turvy this is not sustainable like

4:25

is everybody just waiting for CPI to get

4:27

back to the party because this is good

4:28

news you you have good jobs data good

4:31

PPI data and like CPI data should be

4:34

good and when you combine the two you'll

4:35

have good pce well sure enough today CPI

4:38

comes in a match on Headline but the

4:40

core elements came in lower than

4:42

expected uh the headline number beat

4:45

because energy and gas was up you know

4:47

at the largest level it made up 40% of

4:49

the inflation figure largest level of

4:51

last year colder winter Russia pipelines

4:54

all we don't need to go into all that

4:55

we've covered that already but anyway

4:58

the year-over-year core number came in

5:00

lower this is the first time we've seen

5:01

a drop since July and and these

5:04

underlying figures on average were

5:06

pretty good when we went through with

5:07

course members were like wow there

5:08

actually a lot of negative reads in here

5:10

which is fantastic to some extent you

5:12

know if you have too much deflation that

5:14

that's a bad thing then you turn into

5:16

China and you know then you're then you

5:18

want to buy TLT at that point because

5:19

then all of a sudden bond yields are

5:21

collapsing right because everybody's

5:22

worried about deflation I actually am

5:24

more worried about deflation in America

5:26

than I am worried about inflation that's

5:28

not saying I definitely think we're

5:29

going to have a lot of deflation but I

5:32

definitely don't think we're going to

5:33

have a lot of new inflation the

5:35

exception again of Los Angeles we'll

5:36

talk about that in a moment this my

5:37

opinion you know everybody can have a

5:39

different opinion on this so that's why

5:41

I've been so frustrated in the FED in my

5:44

opinion making this giant Mistake by

5:46

allowing yields to be as high as they

5:48

are because in an environment where

5:50

we're actually seeing inflation

5:51

potentially undershoot rather than

5:53

overshoot you're overtightening and

5:55

you're just going to end up causing

5:56

problems it's not good and and we'll see

5:59

what happens q1 Q2 Q3 or sorry um

6:02

January February March we'll see layoffs

6:05

uh uh and and continued inflation

6:07

progress inflation progress should be

6:08

good the FED already planted the seed

6:10

that the next 3 months of inflation

6:13

should actually be lower on a

6:14

year-over-year basis because remember at

6:16

the beginning of 2024 we had the second

6:17

wave of inflation now we're comparing to

6:19

higher comps so it should be easier to

6:21

come in lower and today's report was for

6:23

December we didn't even get the good

6:25

news yet of January February March uh

6:27

anyway now core pce is estimated to be

6:30

2.8% on the 12 month 2.3% on the 6 and

6:33

2.2 on the 3 month these are great

6:35

numbers this is a very very good

6:38

position to be in uh and you know this

6:41

is you know like and this makes sense to

6:44

me but like it's kind of like why would

6:46

you not want to be in stocks then right

6:48

and then uh there's this person on X

6:50

that I quoted uh he says the corrections

6:52

in the stock Bond and currency Metals

6:54

markets have likely ended and are all

6:56

poised for big reversals here we likely

6:58

see the fading of the wrong-headed

7:00

narrative that drove drove the

7:01

correction stronger economy picking uh

7:04

uptick inflation and end of the FED ease

7:06

and tariff concerns basically to unwind

7:09

that let me try to explain what he's

7:10

trying to say what he's trying to say is

7:12

the economy is doing fine right now

7:16

inflation is not up ticking tariffs will

7:19

probably not be as bad as people fear

7:21

and eventually the FED will go back to

7:22

cutting all of that is good that's like

7:24

your sort of Goldilocks position that

7:27

you want to be in so all of that is

7:29

fantastic fastic but then it sort of

7:31

makes you wonder okay so is that going

7:33

to lead to like the next Peak Euphoria

7:37

and that depends on how many bears there

7:39

actually are right so like how many

7:41

bears are sitting on cash they like all

7:43

right now let's buy stocks that

7:46

inflation is going away now I've thought

7:48

for years starting in 2022 when it came

7:50

up with the sort of Nike

7:52

Swoosh although you know I wasn't

7:54

expecting the the euphoric end that we

7:56

had here recently which has been

7:58

phenomenal for people's portfolio but

8:01

the reason for having come up with that

8:03

thesis uh was because I thought it would

8:05

take very long for people to get used to

8:07

the idea that inflation is actually

8:08

going away and it's not that big of a

8:10

problem uh well it turns out like that's

8:13

kind of what's slowly been happening is

8:14

people are so complaining about

8:15

inflation but then they're slowly

8:17

getting used to okay maybe inflation's

8:19

not that bad in this morning's Alpha

8:21

report which you could get for free at

8:22

the bottom of me kevin.com I said hey

8:24

like companies like Tesla probably will

8:26

do very well today and if you noticed

8:28

Tesla stock opened at 2% and it closed

8:30

at like 8% up so it did do very well

8:32

remember you can get those Alpha reports

8:33

for free every single morning uh okay so

8:37

look nobody knows but let's just put it

8:39

this way this removes more bad catalysts

8:42

this is fantastic like it's it's very

8:45

hard to be negative right now because

8:48

the jobs report and these CPI reports

8:50

together these are like the death nails

8:52

if they come in bad they are coming in

8:54

great for December so I hope it stays

8:57

that way it's Santa Claus coming late

8:59

and and uh this is good for the economy

9:01

it's good for expanding businesses uh so

9:04

with that said uh short seller

9:05

Hindenberg is shutting down shop uh it

9:08

sounds like he's coming off some kind of

9:09

stress uh he talks about sort of like

9:12

the intensity of his work having uh

9:14

leading him to miss out on sort of the

9:16

rest of the world and life and and

9:17

that's why he's kind of shutting down

9:19

honestly he probably gets so much hate

9:21

over at Hindenberg maybe that's why he's

9:22

shutting down Donald Trump is

9:23

potentially also considering suspending

9:25

the Tik Tok ban via an executive order

9:27

for 6090 days uh just to allow time for

9:30

maybe somebody to buy it is my guess you

9:32

know maybe elon's like oh yeah look I'll

9:33

buy it worst case scenario you know if

9:35

you force me to buy it I'll buy it but

9:37

you know I'm going to need more than

9:38

three

9:40

days it wouldn't surprise me at all uh

9:43

anyway Market rally is now if you go

9:45

back to 2022 it's now 26 months old out

9:48

of an average 31 Monon era of market

9:50

gains over the last century and this is

9:53

where we then get into Quantum Computing

9:54

which all of a sudden exploded again and

9:56

people are like why why is quantum

9:57

Computing exploding again okay well the

10:00

president and CEO of Microsoft put out a

10:02

document that basically suggests that uh

10:06

a Quantum like you should start getting

10:08

your business Quantum ready now I

10:11

personally find it a little bit

10:13

disingenuous and I don't know you know

10:15

maybe you can tell me what you think

10:16

about this but but when I was looking at

10:18

this I'm like I I don't know man this

10:22

this seems like and I hate to say it but

10:25

it seems or feels like a sales pitch and

10:29

I don't know how I feel about it okay

10:31

let me show this to you okay look at

10:33

this Quantum ready future proof your

10:35

organization today for Quantum power

10:37

tomorrow and basically it says join

10:40

Microsoft's Quantum ready program to

10:42

build a robust strategy for Quantum

10:45

Computing here I'll zoom in a little bit

10:47

okay so it's basically like a squeeze

10:49

page where they want your information

10:51

and then if you join the quantum ready

10:53

program none of this is you're going to

10:55

get a quantum computer it actually says

10:57

you're going to join a new skill program

10:59

that includes strategies and Frameworks

11:01

and resources to prepare you for a

11:03

Quantum future you'll get resources

11:05

events expertise and insights from

11:08

Microsoft now it's also very interesting

11:10

if you look at their letter they're like

11:12

as our industry looks towards the next

11:14

12 months the pace of quantum research

11:16

and development is only going to

11:17

accelerate yes the pace of research is

11:20

going to accelerate big freaking deal

11:22

that doesn't mean you're actually going

11:22

to have a functional product anyway uh

11:25

you know but business only only 12% of

11:28

businesses say they're ready for Quantum

11:30

and this is why Microsoft is excited to

11:31

announce our new Quantum ready program

11:34

becoming Quantum ready is both the

11:35

business and Global imperative okay cool

11:38

that's great but none of this actually

11:39

says use quantum computers in fact I

11:42

think you kind of expose what's really

11:44

going on when you go here take your

11:46

first steps today assess quantum's

11:49

impact on your

11:50

organization understand how resilient

11:52

Quantum Computing integrated with AI and

11:54

classical supercomputing will unlock new

11:56

growth for your organization aha

12:00

aha I personally think that is where the

12:05

expose if if you will is okay well that

12:09

that sounds dramatic I don't mean to be

12:11

melodramatic here but what what I mean

12:13

to say is I think I think basically what

12:18

you've got going on here is a business

12:21

that's saying Hey Hey Kevin can you

12:25

switch back to the other camera you know

12:27

I'm trying to figure that out honestly I

12:29

don't know that I I can figure that out

12:31

right now I figured it out I'm telling

12:33

you okay they they're big problems right

12:35

now I'm trying to fix them and like all

12:38

the devices that I used to be able to

12:40

use just just don't work anymore in this

12:42

whole 4K live streaming

12:45

idea it's a disaster anyway to me this

12:49

is basically Microsoft going yeah um so

12:54

um we uh we don't really have quantum

12:56

computers but uh we want to start a

12:59

relationship with all the people who

13:01

might want to use quantum computers in

13:02

the future and uh we'll just give you

13:05

our current AI stuff because that'll

13:06

help you prepare for

13:09

Quantum this sounds like a

13:12

[Laughter]

13:14

scam I'm sorry I maybe maybe let me know

13:17

if I'm losing my mind just like leave a

13:19

comment and say something like Kevin I

13:21

think you're right on about the quantum

13:22

letter or something like that or tell me

13:24

I'm wrong it's it's fine but I look at

13:26

this announcement from Microsoft and I'm

13:28

not trying to be a bear on Quantum

13:30

stocks you know I'm not not shorting any

13:31

Quantum stock I'm not buying any Quantum

13:33

I don't really care I've already done I

13:35

think it was a me Kevin report 7 if you

13:37

haven't seen it yet watch the quantum

13:38

segment just type into YouTube meet

13:40

Kevin quantum computers and it's got

13:42

like a 20 minute section breaking down

13:44

the different Quantum Technologies and

13:45

so I was excited to hear this Microsoft

13:47

update today but then when I actually

13:49

especially since Nvidia and meta bagged

13:51

on it but now when I sit down and look

13:53

at it I'm like man this a

13:56

scam oh well the bank earnings were

13:58

really good this morning

14:00

they're honestly very very boring to

14:01

talk about because they're just they're

14:03

just good okay Investment Banking is up

14:06

uh you know borrowing is up deposits are

14:07

up the markets are up management fees

14:09

are up like the banks are happy they're

14:10

fat and happy right now and the reality

14:12

is as bond yields come down off of a

14:14

peak if the banks don't collapse at 4.8%

14:17

10e treasuries then it's really only

14:20

uphill via lower yields for the banks on

14:23

their balance sheets and balance sheet

14:25

risk you know as yields come down Israel

14:28

uh Hamas have signed a ceasefire deal 33

14:31

of the remaining 94 hostages will be

14:33

released Sunday Dead or Alive disaster

14:37

uh the rest over the next uh six weeks

14:39

as sort of next phases of the deals

14:41

progress all this happens right as

14:44

Donald Trump warned that all hell would

14:46

break loose or that you know uh Hamas

14:50

would have all hell to pay if this deal

14:52

wasn't done before he got

14:54

in and now he's about to get in and oh

14:57

wow the deal is getting done it's kind

14:59

of interesting what else is kind of

15:01

interesting is where Karen Bass the

15:03

mayor of La was when the fire broke out

15:05

so we know she was Ghana in Ghana well

15:09

apparently she left on January 4th as

15:11

the National Weather Service was citing

15:13

warnings of the Windstorm coming to LA

15:17

and what's worse though is that when the

15:19

fire broke out her staff argued that she

15:22

wasn't at the party she was working

15:24

making calls but the LA Times disagrees

15:29

and post pictures of her basically you

15:32

know taking selfies and partying with

15:33

people while the fire was breaking out

15:37

so that doesn't look very good uh on top

15:39

of that La fire had on standby 1,000

15:44

firefighters and an additional 40 fire

15:48

trucks water carrying fire trucks you

15:51

know some of them have tanks some of

15:52

them don't if you've never done a ride

15:54

along along with the fire department you

15:55

should do it I did got to see carbon

15:57

monoxide real fire uh I know real fire

16:01

on a firefighter um hit and run vehicle

16:05

versus pedestrian that that was really

16:07

bad uh it's a an eye openening

16:09

experience to see what First Responders

16:11

go through so and I obviously I've done

16:13

like hundreds thousands of rals with law

16:15

enforcement but fire department that's

16:17

an interesting one so anyway you learn a

16:19

little bit about these this equipment

16:21

and usually the big reason they're under

16:23

Staffing is because payroll is expensive

16:26

for any business payroll is expensive

16:29

but when you literally have the National

16:31

Weather Service freaking

16:33

out like I don't think I've seen a freak

16:35

out like this before here I'll show it

16:36

you when you have the National Weather

16:38

Service posting this is the actual

16:39

National Weather Service of Los Angeles

16:42

and they're saying heads up a

16:43

lifethreatening lifethreatening

16:47

destructive uh what do we have here

16:49

widespread Windstorm is expected Tuesday

16:52

afternoon to Wednesday morning across

16:54

much of the Ventura LA County area area

16:57

not typically windy will be impacted see

17:01

graphic for areas of greatest concern

17:03

stay in doors away from Windows and

17:05

expect power Ares so to to me this seems

17:08

pretty aggressive pretty obvious that

17:10

there might be some problems coming and

17:14

despite this warning what is the you

17:17

know what what are the heads over at uh

17:20

Los Angeles Fire and and uh uh you know

17:23

political offices do yeah we're not

17:25

going to deploy our extra recall

17:28

provision we're not going to Institute a

17:29

recall they call it it's not to be

17:31

confused with like a recall of Karen

17:32

bass or a recall of deavon Nome a recall

17:35

is when they deploy basically Reserve

17:38

firefighters on standby they had 40

17:41

engines available and a th000

17:43

firefighters available on standby they

17:46

chose not to because of money so la fire

17:49

department says well you know we had

17:51

massive budget cuts so we just didn't

17:52

have the money to do it and that's why

17:53

we were busy and tied up somewhere else

17:56

and so the firefighters just weren't

17:58

deployed some people say it's because

17:59

the mayor should have forced it but she

18:01

wasn't local so how could she have known

18:03

she couldn't lead because she was GH and

18:07

Ghana others say well you know you

18:09

couldn't have stopped anything because

18:10

the fires were gusting you know 60 to 90

18:12

mil an hour so that was too high and

18:15

look In fairness yesterday or or the day

18:17

before even we had 40 to 50 m mph wind

18:21

gusts and the Auto fire propped up in

18:25

Ventura California and Oxnard California

18:28

uh and that fire was rapidly contained

18:29

because we have firefighters everywhere

18:31

right now the National Guard is out all

18:33

the cops are out all the firefighters

18:35

are out yeah cuz all hell's B basically

18:37

broken loose but that actually means we

18:39

can respond quickly which is exactly the

18:42

opposite of what happened on the

18:43

Palisades fire we already talked about

18:45

how the Palisades fire likely started

18:47

because of reignition in the windy

18:49

environment and the kindling of fire

18:51

that wasn't completely put out and

18:52

nobody's watching it Not only was nobody

18:54

watching it but when somebody called in

18:57

that this fire had ignited on the Hills

18:59

above Palisades it would took over 25

19:02

minutes on the morning of the Palisades

19:04

fire and not a single fir truck was on

19:09

site after 25 minutes of the phone call

19:13

coming in now they ended up showing up

19:15

in the minutes thereafter but that's

19:17

horrible could you imagine hey uh

19:21

California first of all here's 55% of my

19:24

money in

19:25

taxes uh and there's a fire would you

19:28

mind coming

19:36

you know we're a little busy right

19:38

now okay obviously I'm being factious

19:41

here I I don't actually think that

19:43

hardworking firefighters are just

19:45

standing around I just think they're

19:47

either on the schedule and busy or not

19:50

on the schedule and in this case they

19:52

just weren't put on the schedule because

19:53

the city wanted to save money it's the

19:55

beginning of the year you don't want to

19:56

you know ruin the budget on day one so

19:58

to speak speak right or month one but

20:00

what's interesting is I wanted to

20:03

understand if we actually had a rapid

20:05

response that Palisades fire how much

20:08

less damaging the fire could have been

20:10

and so I don't know how to do

20:12

exponential math but I know somebody

20:14

who's really good at math and it's

20:16

called chat GPT now that sounds lame

20:19

like I I don't know why but it's kind of

20:21

like we've kind of all gotten into this

20:23

mindset oh like oh they're just gping it

20:25

like I don't I don't like to write

20:26

things with GPT I don't I don't like it

20:28

when people use GPT to write their

20:30

resumés or their emails like when you

20:32

read an email that's written by GPT it

20:34

it takes me like half a second to go GPT

20:37

wrote that and it just comes across as

20:40

lame right so I hate citing it and

20:44

sometimes as a result I hate using it

20:47

but I wasn't about to do this

20:48

exponential math myself so what I did is

20:50

and you should ask it yourself okay I

20:52

said um assume there's a fire that in 3

20:56

days spread to 20,000 Acres most of the

20:59

spread occurred on day one because of 60

21:02

to 90 mph gusts of wind and the most

21:05

gusts you had on other days were 30 to

21:06

40 maybe 50 mph winds okay uh and then

21:10

of course there were flare ups that were

21:11

even higher you know at some points some

21:13

people reported up to 200 M hour winds I

21:15

I don't know if that's true but let's

21:16

say if it maybe it was

21:19

whatever okay scenario number one assume

21:22

no firefighter started attacking the

21:24

Palisades hillfire I'm calling it that

21:26

hillfire cuz it's on a hill for 35

21:28

minutes the approximate actual time of

21:31

firefighting right no fir truck is there

21:33

after 25 minutes it take at least

21:35

another 10 minutes to get out of your

21:36

truck and and a hose going all right

21:40

scenario assuming you know a truck

21:41

showed up like within the next few

21:43

minutes there after scenario number two

21:45

assume the fire was attacked within 10

21:47

minutes of the call someone calls 911 it

21:49

gets routed somebody's sitting in the

21:51

Palisades with a fir truck oh crap they

21:54

drive over and then it also takes them

21:55

the 10 minutes to get the hose out or

21:57

whatever right and and the phone call to

21:59

get routed through keep in mind there

22:01

was not a single fire truck deployed in

22:04

the Palisades not a single one the 40

22:07

spare water trucks and the Thousand

22:09

firefighters that were available were

22:10

parked somewhere and the firefighters

22:12

were at home those those extra thousand

22:14

for the

22:16

recall not a single one in the pal it's

22:19

almost like it was planned okay no I

22:21

don't want to go down the conspiracy

22:22

rabbit hole but anyway assume the fire

22:24

was attacked within 10 minutes 25

22:27

minutes earlier now calculate the burn

22:29

difference so scenario number one after

22:32

3 days 20,000 Acres burned scenario

22:34

number two 7,400 acres early

22:38

firefighting would result in

22:39

approximately 12,500 fewer burned Acres

22:42

this highlights the significant impact

22:43

of early intervention and controlling

22:45

fire spread it's worth noting that in

22:47

the operation manuals for lfd they say

22:51

when there's a fire we will attack it

22:53

hard and fast and early because the

22:55

earlier you hit it the the last gr no

22:59

freaking D I mean imagine it's a circle

23:02

you know it's like the universe right if

23:04

if you cut half of it out while it's

23:06

still a little baby it it takes a lot

23:09

longer to to grow uh but once it's huge

23:13

and it's just growing and growing going

23:15

it's really hard to gain control

23:19

over top commanders decided not to

23:21

assign emergency deployment roughly

23:23

1,000 available firefighters and dozens

23:25

of water carrying engines I mean here

23:27

I'll just show you some of screenshots

23:29

it's just

23:30

ludicrous uh here you go I'll zoom in a

23:33

little bit more uh okay fire officials

23:36

chose not to order the firefighters to

23:38

remain on duty for a second shift last

23:39

Tuesday as the winds were building which

23:41

would have doubled the Personnel on hand

23:43

and staff just five of the 40 engines

23:46

that were available none of those in the

23:47

Palisades by the way uh no extra engines

23:50

had been placed in the Palisades when

23:52

the fire broke out efforts were hampered

23:55

some say efforts were HED hampered

23:56

because of the budget of the afd others

23:59

say it was low water pressure because of

24:01

the fire hydrants maybe because San yz's

24:03

Reservoir had no freaking water in the

24:04

damn

24:06

thing anyway they said they were busy on

24:08

other calls blah blah blah okay look

24:12

this is just devastating and sad and

24:16

again it shows the

24:18

mismanagement of all these people should

24:21

be fired head should

24:24

roll it's disgusting uh anyway all right

24:28

so what else do we have uh well the next

24:30

thing that we have is what's going on

24:32

with the rent gouging everybody's

24:34

complaining about rents going up a lot

24:36

in Los Angeles uh and and some people

24:39

are like oh my gosh landlords who are

24:41

posting higher rent should be

24:43

sued part of that may be because

24:45

landlords are asking higher prices but

24:48

most of it in my opinion is actually

24:50

because people are just bidding Waring

24:52

each other you know so like if you put

24:54

up a rental for a house in Los Angeles

24:56

right now you know close to I don't know

24:58

wood or Palisades area close to that

25:00

area Santa Monica for $88,000 you'd

25:03

probably get somebody going I'll pay you

25:05

$166,000 now somebody is freely offering

25:08

that to you and they're like and then

25:09

somebody else is like I'll pay 19 I'll

25:10

pay 20 you know is that price gouging or

25:13

is that just a competitive Marketplace

25:15

competing for a limited number of

25:17

resources and the free market is

25:18

basically determining the value of these

25:20

properties and some people say that well

25:23

landlords are raising their prices well

25:24

yeah sometimes landlords raise the

25:26

prices so they stop getting calls of

25:27

people thinking they're going to get it

25:28

for eight cuz they're going to go with

25:30

somebody you know giving them $188,000

25:32

and then they don't have to talk to all

25:34

the people on the phone going hey man

25:36

like sorry I've already got offers for

25:37

this higher number some people are like

25:39

no it's the greedy landlords they raised

25:41

the price other people are like no it's

25:43

all the other people who have no homes

25:46

and they're desperately trying to get a

25:47

home but because California underbuilt

25:49

there aren't enough and so people are

25:52

stepping on each other to try to get

25:53

rentals right

25:56

now it's a mess it's a mess that's

25:59

that's all I know so Cal Edison is

26:01

apparently trying to get implicated or

26:03

people are trying to implicate them for

26:04

potentially a transmission line causing

26:06

the eaten fire uh you know Altadena is

26:09

basically gone three utilities had opted

26:13

into the uh Wildfire fund which would

26:15

help protect these utilities and pay for

26:17

for negligent claims uh should there be

26:21

uh claims against them SoCal Edison is

26:23

part of it along with pg& which went

26:25

bankrupt for the last fire the campfire

26:26

that we had uh of North and then the San

26:29

Diego Gas and Electric Company they're

26:30

part of it as well think of it kind of

26:31

like an insurance company for utilities

26:34

but but what's interesting

26:36

is Edison might not actually be at fault

26:38

of the Eden fire either so we'll see

26:42

mostly because there are a lot of people

26:44

pointing out to that also being another

26:46

human-caused fire you know the the

26:48

Palisades fire it looks like was caused

26:50

by a New Year's Eve celebration that was

26:53

still smoldering 4 days later anyway uh

26:56

there are some rumors circulating that

26:57

starl is being banned by Nome for

26:59

firefighter use I'm unable to find

27:01

anything credible on this but because

27:03

people hate Nome so much this sort of

27:05

stuff spreads like

27:07

wildfire I shouldn't make those

27:08

references this early anyway regarding

27:11

fires uh there's also uh plenty of hit

27:13

pieces out against electric vehicles

27:15

right now about uh using electric

27:17

vehicles and the risk of them when there

27:19

are

27:20

emergencies I just like to say that when

27:22

I heard about the fires in La you know

27:25

within like 30 minutes of the fire

27:26

breaking out

27:29

I uh the first thing I did was went to

27:31

go plug in our cars like the cybertruck

27:34

or Lauren's uh Lauren now uses the S or

27:37

you know my dad's black X my black X

27:41

that my dad drives now he rides her all

27:43

the time anyway um it's a good idea to

27:47

charge these things before your power

27:48

goes out because the worst thing is like

27:51

it's already hard enough to get

27:53

supercharging as is like on a normal day

27:56

you go out and try to get supercharging

27:58

and usually the only stall that's

27:59

available has a broken supercharger and

28:02

everybody pulls into the same spot

28:04

because there's no obvious indicator

28:05

that it's broken should be like a red

28:07

light that's out of service or something

28:09

like that uh which kind of sucks because

28:12

like that means everybody who's

28:13

evacuating kind of has to consolidate

28:15

around these EV charger areas and it

28:17

kind of slows the evacuation and clogs

28:18

everyone up this is all really before

28:21

you start getting a bunch of third party

28:22

Vehicles using the Tesla supercharging

28:24

Network so I'm not really sure about

28:25

that I personally just try to charge at

28:27

home because it's it's a pain in the

28:28

butt to rely on superchargers I hate it

28:31

and I have unlimited supercharging on uh

28:35

I think two of the cars I don't think

28:36

the Cyber truck has that but I think the

28:38

S and the uh the X do and and I don't I

28:41

don't care because it's such a pain in

28:42

the butt but anyway there's also a piece

28:46

in the Wall Street Journal about armed

28:48

people sneaking back to their homes in

28:50

the Palisades sneaking around police

28:53

lines one of the people they interviewed

28:55

for this was Ross Gerber I'm not sure if

28:58

he's just one of the people sneaking by

28:59

or one of the Armed people they're

29:00

talking about they didn't they didn't

29:02

say who was the armed

29:04

person uh okay uh then I'd like to just

29:07

hit on stresses and uh Daily Wealth so

29:12

um look I've been pretty overwhelmed the

29:15

last few days and has really screwed up

29:17

my routine and everything and so I

29:18

apologize about this uh and so I found

29:21

that while chaos theory is

29:23

great if you conduct too much chaos in

29:26

your life you can actually set yourself

29:28

back a little bit see I usually like

29:30

enough chaos that I could control and

29:33

then I'm motivated to get a lot of stuff

29:34

done really quickly but if you have if

29:36

you create too much chaos you can

29:38

actually overwhelm yourself and then you

29:39

kind of shut down and then then that

29:42

chaos really becomes a detriment so the

29:44

way to solve that if you're ever in that

29:46

situation is you basically just have to

29:47

go on your calendar and just start

29:49

canceling stuff just like you're

29:51

mentally sick like I don't know

29:53

something's wrong actually our little

29:54

guy Max he's like vomiting it's a

29:56

disaster right now I got to help him too

29:58

like there's some family things you just

29:59

can't get off your calendar you do have

30:01

to help your family when when they have

30:02

problems uh but

30:04

[Music]

30:06

um you got to get back on the right

30:08

footing uh and so one way that I

30:10

sometimes do this is I'll do what I call

30:11

the midnight burn where you sleep really

30:13

well one day you get like eight hours of

30:15

sleep and you kind of limit coffee

30:16

during that day on purpose and then at

30:18

9:00 p.m. you start drinking like

30:19

multiple coffees and monsters your goal

30:21

is really to stay up as long as possible

30:23

until the next morning and then you you

30:26

know you sleep like 2 or 4 hours uh and

30:29

then you try to go to sleep around 9: or

30:31

10 so like early enough so you could

30:33

wake up early again the next morning

30:35

because if you go to sleep at 9: and you

30:37

sleep for 7 hours you wake up at 4:00 or

30:40

maybe you go to sleep at 10: you wake up

30:41

at 5: that's pretty good that's how you

30:43

can sort of like reset yourself to get

30:44

back onto a wake up early routine and

30:47

sometimes it starts with what I like to

30:48

call sort of like the Daily Wealth reset

30:51

anyway uh as far as uh the dad joke of

30:54

the day I'm I'm starting to run low on

30:56

dad jokes so if you wouldn't mind leave

30:57

me some comments down below for some dad

30:59

jokes okay uh with that said let's

31:02

conduct today's dad

31:04

joke so I went to the grocery store and

31:07

I asked the lady where the milk was she

31:10

said buy the bread I said no I don't

31:13

want bread I want milk do not advertise

31:16

these things that you told us here I

31:17

feel like nobody else knows about this

31:19

we'll we'll try a little advertising and

31:20

see how it goes congratulations man you

31:22

have done so much people love you people

31:24

look up to you Kevin PA there financial

31:26

analyst and YouTuber meet Kevin always

31:28

great to get your take

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