Stock WARNING, CIA *PAID* to LIE on Covid, UAW, Ukraine LIE, F35, & Biden | Bottom Line Report [E.3]

multiple bottom line reports to cover

today including what's going on with the

consumer what's going on with Amazon and

temporary workers a government shutdown

Hunter Biden and the United Kingdom's

inflation surprise a Kroger's inflation

warning and Bays the UAW Tesla an F-35

hack and oh man Morgan Stanley

potentially suggests there could be an

investment that makes sense Beyond just

shorting everything yeah and that is

Morgan Stanley's Mike Wilson now you

might be surprised to see what his

suggestion is let's get into that and

more in today's bottom line report keep

in mind house hack is officially raising

money go to househacker.com to learn

more about this investment which may

only be open for the next two to four

weeks as we might sell out a lot sooner

than we thought go to househack.com to

learn more about our one-to-one share

race which is a great opportunity for

investors in our opinion make sure to

read the prospectus the United Kingdom's

inflation metrics that came in at a

surprise we were looking at 6.8 percent

down from a seven percent last month we

ended up getting 6.7 percent putting

pressure on the bank of England to

potentially pause their interest rate

increases part of this drop uh in

inflation was due to a drop in

Restaurant pricing putting less pressure

on consumer prices one of the reasons we

might be seeing this decline in consumer

prices at restaurants in the United

Kingdom is well at least according to

Bank of America a Slowdown in restaurant

spending Bank of America is warning a

monthly decline in well restaurant

spending that is greater than what we've

usually seen one of the reasons Bank of

America is suggesting we might be seeing

this decline is less spent on fast

casual fast casual decelerating more

than expected and turning negative in

August one of the reasons they seem to

see this decline is when we jump over

here we see less spending by those May

making over 125 thousand dollars this

was actually a really bizarre and we

were doing some additional research on

this trying to come up with why would

those making over a hundred twenty five

thousand dollars spend less on fast

casual and have a larger drop in

restaurants spent in August than others

I mean obviously on this chart here you

can see this spike in spending on things

like doordash and fast casual after

covid that makes sense but why all of a

sudden are those making over 125 000

spending less one of the reasons I

thought potentially a return to the

office and readily accessible

refrigerators now I know this sounds

crazy like wait Kevin's going to tell us

about refrigerators think about this for

a moment if you're in office at a

computer all day long you probably have

access to a refrigerator which means you

have access to the ability to snack you

have access to maybe fruits and

vegetables or yogurt smoothies or

whatever that you might not have access

to if you were let's say a blue collar

our construction worker or plumber or an

electrician you go pick up your Dunkin

Donuts coffee in the morning and then

you order doordash for lunch and when

you get home the last thing you want to

do is cook whereas somebody who's in the

office all day long has access to a

refrigerator not only is able to snack

throughout the day but it's also

experiencing inflationary pressures

higher gas prices oil up 27 over just

the last quarter JP Morgan going as far

as calling an oil price shock something

that we could be experiencing putting a

damper on consumer spending this is a

big deal JP Morgan really warning about

this and really warning that maybe just

maybe this could end up contributing to

a GDP decline that the Federal Reserve

may not end up looking through in other

words the Federal Reserve may say all

right well I guess we're going to get a

GDP decline thanks to higher oil prices

but the inflationary impact is not

something we can ignore so guess what

hire for longer not great but finishing

the thought on restaurants and

refrigerators it is possible it is

entirely possible that those individuals

making under 125 000 a year might be

more prone to ordering doordash just

because you have less access to a

refrigerator just our idea point is

though restaurants spend declining

consumers under pressure oil prices up

yet again continuing on what is Morgan

Stanley suggesting despite all of this

could actually perform well and

specifically Mike Wilson remember Mike

Wilson is almost our resident bear who

famously flip-flopped about six weeks

ago after suggesting the rally in the

stock market was exactly what you wanted

to sit out for essentially the entire

year in all of last year kind of rose to

prominence because last year he was

right you know anybody who told you to

sell last year was kind of doing you a

solid well what is Morgan Stanley's Mike

Wilson suggesting now listen to this

thoughts from the road after spending

the past week with clients across Europe

and obviously in discussions with those

in the United States we conclude that

sentiment is quite similar to that of

the United States many are grappling

with uncertainty about the economic

cycle however this uncertainty

potentially reiterating a bull case for

Mega cap growth leadership this is of

course because of indexation the more

uncertainty you have the more people

might end up just throwing money into

the S P 500 or the NASDAQ leading to

more out performance by Mega caps versus

maybe value underperforming in small and

mid caps eventually Smalls and mids are

expected to catch up but will they right

now people seem to be more prone to this

sort of decision making of well should I

just throw my money into money markets

and make five percent on my money or do

I invest in stocks remember it's not

just five percent that you're getting in

your cash though if you do throw money

into money markets you are also getting

with that opportunity cost and that's

the opportunity to lose money in the

stock market or hopefully make money in

the stock market

Kroger is now warning that customers are

buying smaller package sizes of products

at a time prioritizing the lowest shelf

priced items this is in a report of

their recent earnings call I went

through their entire earnings call

yesterday we went through multiple other

earnings calls as well in the course

member live streams and we saw the same

thing happening in fact people are now

talking about consolidating when they go

shopping for things around holidays like

July 4th or Memorial Day rather than

just regularly buying the consumers are

definitely exhibiting stress so much so

that Kroger is saying they're seeing

sales ebb and flow

with paydays and SNAP benefit

distributions a sign that those excess

savings are probably gone Kroger

expecting economic headwinds to continue

pressuring customer spend in the second

half of the year and a greater

promotional price environment when they

were asked about deflation they said in

the last 40 years they have not

experienced deflation in any time except

two years that is out of the last 40

years they've only seen grocery price

deflation twice

however they said that at the beginning

of the year they thought inflation would

be around three to four percent guess

what they think for inflation now

they think that inflation Trends have

continued to evolve and that they now

expect instead of three to four percent

inflation

only one to two percent inflation and

they expect inflation to continue to

decelerate that's bullish for inflation

falling still doesn't help the fact that

oil is rising leading in the five-year

break evens and five-year forward

breakevens the Skyrocket recently which

hopefully doesn't call for pummeling

from Jay pal we'll see

FTX has now sued the parents of

sandbagmen freed yeah FTX the company in

bankruptcy has sued the parents of

sambangman free claiming they enrich

themselves by siphoning millions of

dollars in fraudulently transferred and

misappropriated funds that's their

warning okay

from FTX some of this money potentially

going to elicit campaign donations

Joseph bankman and Barbara freed get it

where Sam bankman free the name comes

from the hyphenation anyway Sam Venkman

freed whose net worth has a weird hyphen

in front of it well his parents are

tenured professor professors at Stanford

and are now accused of purposely taking

money to funnel to their favorite

charitable contributions which of course

many allege uh are basically all

left-leaning institutions and causes

although some are saying sandbagment

freed donated an equal amount of money

to Republicans but did so

in Hidden ways or not clear ways because

the media just likes the left so if you

come across as just a big left owner you

get more media attention

apparently Joseph bankman allegedly used

FTX funds for personal gifts including

tickets to Formula One Grand Prix event

in France

Barbara freed is also accused of

donating to her own Super PAC

which is known as mind the gap helping

Democrats specifically whoops anyway Sam

begman freed can enjoy his hyphenated

net worth in jail where he belongs for

perpetrating one of the greatest frauds

that duped so many

the director of enface has uh or a

director at end face has apparently

bought four million dollars worth of

shares helping contribute to enface's

gain of over four percent yesterday the

company has since their last earnings

report authorized over one billion

dollars in stock BuyBacks and questions

are now Rising is Enphase maybe buying

the dip on its own stock the dip has

been pretty aggressive and may continue

until interest rates fall incentivizing

that financing of homeowner investments

into solar though recently with energy

price spikes maybe we'll finally get

some good news coming to enface which

more and more is trading like well cheap

at a peg a ratio basis and face right

now is trading under a one peg and I

have to say

I think from a technical and fundamental

basis it is a steal at 120 per share

although I have been buying it since

under 180 and then backed up the truck

around 150 and now I kind of feel like a

little bit of a clown that instead of

120. but you can't be perfect and guess

what I still think there's an

opportunity though if you were betting

on that the downtrend might uh might

continue if you don't know we need to

lend

much like the United Auto Workers well

we don't know when the United States

strike is going to end but apparently

the Canadians have figured it out eh yes

Canada has avoided an extension of their

version of the strike where 5600 a

uniform workers uh or uniform union

workers uh were on strike striking

simultaneously specifically against a

Ford and finally struck a deal to

achieve a three-year labor contract the

details of which are still TBD but it's

giving some hope that hope some people

hope that maybe the UAW strike will end

in America UAW is threatening to expand

its strike come this Friday

the president of the UAW is also

emphasizing that they are not messing

around a lot of supportive comments from

both union members and stock traders in

my commentary on the UAW yesterday where

we clarified that this 66 dollars per

hour that people say union members are

earning isn't correct but that actually

includes this future amortization of all

the benefits and pensions or other

related benefits profit sharing

agreements that UAW members could

eventually get we found the commentary a

very supportive I encourage you to watch

the video yesterday but it's worth

noting that it's not just the big three

automakers that are getting hit hard

here there are at least 76 publicly

traded companies that are all getting

hit with a potential combined 38 billion

dollars of Revenue at risk

because of their relations supplying

materials and parts to Ford GM and

stellantis if this UAW strike continues

to expand

in this moment I highly encourage the

CEOs before GM installantis to get a

deal done the last thing we want are

more people out of work potentially more

layoffs and industries throughout the

country now that could end up leading to

a j-pal pause or maybe U-turn but it

could also not which would mean bad news

and bad news which is what nobody wants

but we also want individuals to be able

to earn a decent living with

all the inflation we've now experienced

which probably isn't going to go away I

don't think we'll face deflation anytime

soon because we'll just keep printing

our way out of it until that's no longer

possible but I think the money printer

is still going to work for some time

going into the future and it'll be on

again soon enough

on top of this we now have a talk that

Elon musk's Zach kirkhorn in other words

the CEO or CFO at Tesla might have ended

up leaving relating to investigations

into that glass house Elon Musk was

potentially building now there are SEC

allegations or at least investigations

into allegations that back in 2017 Elon

Musk was potentially throwing money into

project 42 a glass house near Giga

Austin and that there's now

scrutinization that money was

misappropriated from Tesla's EV profits

to other pet projects of Elon Musk and

if Zach was involved in this some are

suggesting Zach raised concerns and then

was forced out of the company and that

could have potentially explained his

sudden departure from Tesla after having

amassed nearly a half a billion dollars

in wealth while working at Tesla

wild allegations keep in mind at Tesla

you have 10 days left to transfer full

self-driving for free that is if you buy

a new Tesla if you need a referral code

by the way met kevin.com Tesla but

anyway if you buy a new Tesla and you

have an old Tesla with FSD you can now

transfer it from your old Tesla to your

new Tesla for free it's sort of a nice

little grace period opportunity to

transfer to a new Tesla if you were

looking to upgrade

keep in mind you also now have a lot and

a lot a lot a lot of people making fun

of Green Hill Technologies because Dano

Dodd's Green Hill Technologies

apparently was used in

f-35s

f-35s now apparently

hacked or maybe hacked who knows a lot

of allegations now that danodot's

software was used in an F-35 that

recently crashed after a pilot ejected a

lot of folks suggesting that the

software may have been hacked leading

the pilot to safely eject although he

ended up in the hospital afterwards

which is not uncommon after ejecting

creates a lot of pressure on your spine

Springs your spine it's a lot of G's

instantly I mean think about somebody

putting a bomb under your butt and then

getting ejected out of a plane like it

seems glorious in movies but it's

extremely painful and damaging you could

end up having to retire from the Air

Force after ejecting in an emergency

situation

anyway the F-35 which was missing for a

while kind of shocking that it could end

up going missing was found the debris

field was found for him a lot of folks

wondering if the software was ultimately

hacked leading to the demise of that

F-35 potentially signaling to the pilot

that things were wrong which may not

have otherwise been wrong who knows but

the Tesla Community is definitely making

fun of Dan o'dodd for this one given his

involvement uh well in running the

company Green Hill technology which

could Supply some autonomous technology

to f-35s yet what's also interesting is

going all the way back to 2018 we've

been talking about f-35s potentially

getting hacked listen to this Popular

Mechanics wrote a piece talking about

how the f-35's greatest vulnerability

isn't enemy weapons it's actually

getting hacked that the aircraft itself

is pretty secure but because of these

multiple communication systems that the

plane relies on first the

autonomatic wait what is is

autonomic Logistics information system

boy that is a tongue twister

a-l-i-s that's a lot easier that needing

to communicate with other systems

outside other servers outside of the

plane and the joint reprogramming

Enterprise both of these networking

systems and Communications being

required to actually operate the plane

but requiring data to leave from the

plane communicate with another system

potentially leaving the plane vulnerable

to hacks leading potentially Pilots to

believe that they're safe after

deploying weapons even though they're

not or sending signals to Pilots that

there are issues when indeed there are

not it isn't clear if the F-35 could be

remotely controlled by a hacker

somewhere else right now the only thing

that we think can be remotely controlled

by hackers or apparently MGM room key

cards but

we really don't need to talk about this

Cyber attack that has now gone into its

ninth day of people not being able to

get into MGM rooms or play in the slots

and apparently now Vegas stores offering

free lap dances if you are affected by

the MGM hack

it's crazy I think literally it is a

crazy world we live in what's not crazy

though is that did you know you can now

get into the courses on building your

wealth for just 79 we are releasing

multiple potentially as many as 20 but

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High value-packed crash courses that are

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we expect these courses to double in

value as soon as the content releases so

that means you have an opportunity now

to get into these courses for just 79

their crash course style so they're more

value packed in a shorter amount of time

than some of the larger courses which

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for a crash course on for example how to

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for a now low price of just 79 dollars

again we expect that pricing to go up

after the pre-sale ends so check that

out by going to meet kevin.com if you

have any questions you can always email

us at staff and meet kevin.com by the

way that's a good port for me to mention

if you have any questions for house hack

Make sure to email us at IR

househack.com

Elon musk's neural link is now

recruiting those potentially if

afflicted by ALS or quadruplegia

for quadriplegic Elon musk's neuralink

is looking to help you and potentially

the first human trial of neuralink

should be quite interesting my heart

goes out to anyone affected by these

issues and hopefully Elon musk's and

oral link can help

Amazon is now offering to pay Logistics

workers up to 20.50 on average the range

being 17 to 28 and offering a workers

bonuses of one to three thousand dollars

just to go work on Amazon on a temporary

basis this is not a bad deal if you're

looking for work consider checking out

Amazon there's some people scratching

their head going wait a minute it's

going to cause a wage price buyer oh

on the other hand something that is

spiraling and indeed spiraling out of

control is Congress right now House

Republicans are postponing a procedural

vote on a 30-day government is a funding

bill to basically Kick the Can down the

road again since our budget runs out on

the 30th of this month keep in mind that

also means funding for Ukraine is

technically due within the next 10 days

Joe Biden expecting to sign another 24

billion dollars of funding for Ukraine

Donald Trump freaking out over this on

Truth social arguing that why is it the

United States has funded more than the

European Union combined for Ukraine

Donald Trump arguing it's time for the

European Union to at least get to par

with our funding for Ukraine zelenski

wall in Ukraine or wall in Ukraine while

in the United Nations arguing that if

Donald Trump indeed has a plan to end

the war between Russia and Ukraine

within 24 hours he should go ahead and

do the humanitarian good

and provide that plan now directly

calling on Donald Trump to help end the

war although some argue the idea of

ending the war where it is right now and

just dividing up territories potentially

exactly what Russia wants potentially

Russia's reasons for barricading itself

in minefields and trenches is because

they want that oil Rich to vipero and

Dinesh territory where 90 of Ukraine's

natural gas and oil production comes

from maybe that was the plan all along

maybe the plan was to wait for another

president that'll just say oh let's

let's let Ukraine have that little Edge

territory over there who knows that is

what Vivek ramaswami is calling for

right now who has been criticized for

his potential radical ideas for not only

ending certain domestic uh departments

like the FBI or department of education

but also for suggesting that we should

just pause the war in Ukraine versus

Russia and just divide up territory the

way it is now leading some to say I

don't know is this going to be the right

person to get in the presidency or do we

risk the biscuit where we already know

what we're going to get on either Joe

Biden or Donald Trump

thinking of Joe Biden oh no the National

Archives says it has about 5400 emails

that Obama can decide whether or not to

approve the release of which may include

all of Joe Biden's aliases yeah

apparently Joe Biden while he was in

office which wasn't uncommon during the

Obama Administration used a lot of

aliases and guess what one of them is

yeah the big guy other aliases

potentially including Robert L Peters

j.rb Ware and Celtic this did happen

during the Obama Administration as well

with individuals like Attorney General

Eric Holder using nicknames like Lou

Alcindor and Lisa Jackson the former EPA

administrator using Richard Windsor as

her second email account

this is weird it doesn't feel right that

politicians get to use aliases I don't

like that I think it's confusing on

purpose now I get it if there's maybe

like some uh you know Espionage risk or

like uh you know security risk where we

don't want you know the Russian

intelligence agencies knowing what's

going on in our emails although I bet if

they're in our emails they probably also

know our aliases so it's kind of

frustrating it's also frustrating that

we're going through this budget shutdown

and Showdown again obviously Schumer

wants to see disaster relief and Ukraine

money in the continuing resolution to

Kick the Can down the road McCarthy

wants funding as well but he's fighting

others says he needs a couple more votes

to get some kind of budget resolution

pass but he's in this big fight because

you've got some Republicans are like

look or we're done kicking the can down

the road we need cuts when are we ever

gonna actually put our pants on start

cutting the United States budget deficit

grows every single year with the total

debt now exceeding 33 trillion dollars

we just passed the debt ceiling just

under 31 trillion dollars and all of a

sudden we went from

under 31 trillion to over 33 trillion

just a matter of a few months it's

definitely definitely hands down an

unsustainable path now do I think the

dollar is going to collapse tomorrow

because of all of us no do I think it's

going to collapse within the next 10

years no well eventually the Ponzi of

the American dollar end yeah of course

eventually all currencies collapse they

all do

in the meantime if you want to get some

more of the dollar FAFSA applications

are being delayed until December

apparently they're going through an

overhaul a new shorter form and it'll

take until December for that form to be

ready

in other news you could just go steal

because apparently that's what people in

California are doing 20 thieves just

stole three hundred thousand dollars

worth of handbags

security guard was blast in the face

with bear spray the LAPD is calling it

flash Rob instead of flash mob coming

after Glendale uh and also in California

just got robbed of four hundred thousand

dollars by 30 people in a Flash Rob it's

not just California the national retail

Federation estimates that shrink has

climbed to almost 100 billion dollars

this year you could almost fund the war

in Ukraine

oh look at this coming through the wire

right now Russia is speaking of Ukraine

Putin Russia's Putin accepts invitation

to visit China in October

you know as much as the United States is

trying to get away from its Reliance on

China you realize and The Economist had

a great piece on this you realize what's

happening is all the other countries

around China are just buying the stuff

from China and then they're selling it

to the United States

whether that's

Taiwan South Korea or even Mexico just

buying Chinese stuff so anytime we try

to get away from China we're still

getting Chinese stuff

can't get away from China

anyway National Retail Federation is

estimating that mentions of theft and

Shrink have doubled in company earnings

calls Dick's Sporting Goods blames their

missed earnings odd theft and now you

have the dollar store complaining that

they're going to see another 100 million

dollars of increased theft going forward

honestly this is just like a human

crisis but it's also a criminal justice

problem right so you've got a double

problem you've got a criminal justice

system that's massively flawed but then

you've got this human crisis of food and

gas and everything being much more

expensive and it ain't gonna go down

okay Jay Powers is gonna throw the money

printer on as soon as we hint at

deflation so prices aren't going to go

down

inflation it's growth might be falling

prices ain't gonna go down not If the

Fed can stop they'll just print more

that's what they did the last 10 years

before covet

anyway now and this is devastating okay

I I hate to hear stuff like this uh but

uh it it does it does Jade you quite a

bit apparently now you had Ukraine

blame a missile strike on Russia that

apparently didn't come from Russia it

apparently came from Ukraine itself

here's the New York Times piece where

they show imagery along with interviews

and investigations of the site uh

showing the the uh the explosion and uh

hey look I know it's the times but the

times originally did Echo zielinski's

claim that this was a Russian strike

well apparently

it probably wasn't a Russian strike in

fact evidence now indicates that the

Ukrainian missile that a Ukrainian

missile just fell short of its Target it

was supposed to fly somewhere around 15

miles and ended up falling after 10

miles killed 15 civilians and injuring

more than 30 others New York Times

reporters apparently analyzed fragment

satellite imagery witness accounts blah

blah blah blah Intel originally blamed

Russian terrorists and so did zelinski

but apparently it was actually Ukrainian

missile that malfunctioned for unknown

reasons or it's being used as a

propaganda tool which is the more jaded

and devastating consideration that maybe

Ukraine could be conducting some of

these strikes or attacks on itself this

is super jaded tinfoil had okay but the

more you kind of like shoot yourself in

the foot the more you're like I need

help

very very jaded it but I'll tell you I

don't know after covid the level of Jade

in our society is going up and

oftentimes rightfully so listen to this

Cliff Sims former deputy deputy director

of the National Intelligence service and

John Radcliffe who was the former

director of the National Intelligence of

the United States both just wrote an

op-ed

and they are reiterating whistleblower

claims that the CIA purposefully

manipulated covid-19 origin claims to

favor the story China was coming up with

analysts who initially supported the lab

League Theory were apparently paid to

change their opinion

accusations of a larger Trend within the

CAA being politicized regarding China

are being cooperated by this op-ed

scathing op-ed in the Wall Street

Journal today

I'm like this this is crazy

CAA intelligence analysts being paid off

to do political favors

I mean quite frankly maybe we should

have assumed this but it just seems like

every day more and more the Jade level

is going up everywhere and again

rightfully so apparently this is so

common it's literally called conclusion

shopping yeah conclusion shopping yeah

it'll actually investigate anything

anymore just shop for the conclusion you

want and then you pay for it

on top of that nvidia's uh data center

hardware sales in Q2 we're around 10.3

billion dollars right well apparently

now an analytics firm called omdia is

estimating that Nvidia dispatched 900

tons of h100 processors during the most

recent quarter here in 2023 suggesting

maybe Nvidia sales might end up beating

this is coming at the same time as

rumors

or that Microsoft might actually be

canceling orders

for h100s because the AI hype isn't

holding up

rumor rumors lots of rumors who knows

who knows the positioning of these

people's stocks anyway uh but anyway I I

look I'm a big believer that a lot of

the AI software is a fad uh and I've

purposely tried staying away from AI

software I do still think and I still

believe it that the chips are an

opportunity TSM AMD Nvidia you know

nvidia's price might be a little lofty

but the amount of capex that's going to

absorb in videos production as long as

they can get their hands on these AI

chips it's going to explode this is as

other chip sales are slowing down as TSM

is warm it just doesn't seem to be AI

chips that are slowing down

anyway

we'll see

now it's time for the Daily Wealth

individuals really enjoy the Daily

Wealth emails that we send out check out

the link down below to sign up for that

and one of the big things that we're

seeing a lot of folks have questions

about is this idea of how do we make

sure our job doesn't get replaced you

don't want to be the person in a stone

quarry learning how to swing the hammer

or the pickaxe the best when you're just

going to get replaced by a jackhammer or

a tool you don't want to drive a

forklift better because you're just

going to get replaced by our whole robot

instead some jobs that could really

insulate you or those jobs that rely on

a deep understanding of human psychology

this could be things like sales hey

we've got a crash course on that nursing

Finance real estate law advertising

potentially highly insulated and

actually benefiting from artificial

intelligence Healthcare companies

spending a ton of money on AI by the way

anyway that does it for today's bottom

line report let me know in the comments

down below if you still appreciate these

segments I like them I need as much

feedback as you can give me it's

obviously very different from what we

used to do so I'd like to hear your

comments thank you so much for watching

and we'll see in the next one

here I feel like nobody

congratulations man you have done so

much people love you people looked up to

you Kevin path right there financial

analyst and YouTuber meet Kevin always

great to get your take