Starship HELL, Tesla -75%, Fed Flips, No Tax on Tips LAW, Bitcoin | PM Meet Kevin Report 12 [Jan 16]

Starship blows up while the bottom half

gets caught planes in danger jany Yellen

gets hacked ghoul spe flipflops at the

FED as Waller starts yapping his trap

and what does he tell us about the

market what's going on with the no tax

on tips and are there a few surprises in

this legislation yes there's apparently

a life-threatening polar vortex coming

over the next week oops and dry January

creates some problems for alcohol sales

but bitcoin's up and Tik Tok might not

end up getting banned yet there's a ton

to talk about here so let's get started

on today's meet Kevin report the PM

Edition news that makes you

money more cold coffee well welcome back

everyone Janet yellen's computer was

hacked apparently by Chinese hackers

this is now the second time that the

treasury Department has been hacked I

always wonder if the United States is

conducting hacks like this in China I'm

sure we are and maybe either we're just

not getting in or we're so good we just

don't get detected I really hope that's

the case but I don't know how to

transition from where I'm going with

that line to the FBI just closed down

its Dei Department in December so who

knows maybe the odds of us being able to

successfully hack the Chinese with our

government officials will go up I have

no idea

but that's what some people are

speculating anyway it's kind of sad that

our government officials keep getting

hacked given that Donald Trump has been

hacked K Harris has been hacked Jan

Yellen has been hacked and it seems like

we never do anything to actually punish

China or Chinese hackers for hacking us

anywh who somebody who's probably about

to get a little slap on the risk is

probably Elon mus given the FAA is

probably not going to be really happy

about the rapid scheduled assem

disassembly of the Starship 7 this is

not good but Starship flight 7 did um

disassemble it it it blew up all right

everyone it blew up these are the pieces

of it uh now remember this takes off

from Bach chica Texas and this blew up

and the

debris was flying like a like a comet or

a series of comets across the Turks and

koos shoo start this is uh actually

quite beautiful honestly it's quite the

sight now In fairness I wouldn't argue

that it's quite beautiful if you are at

risk of this hitting your plane or

landing on your house or something else

so the top half was a failure and it

didn't sound good when SpaceX in their

live stream they're like yeah we've lost

contact with the

Starship We don't know where it is

basically it's like okay wait a minute

those are things you

probably let's just say you'll probably

aggro the FAA with those sort of lines

but I will say the Chopstick

Landing that gets me every time that is

clutch look at that Chopstick Landing

here we go coming down from 400 km an

hour 180 slowing down now 150 km an hour

120 here we go 100 slow and slow and 70

60 50 40 30 20 10 look at that it slows

down to like 2 kilometers an hour by the

time the arms actually catch it it's

basically hovering by the time the arms

catch it it is so cool like it just it

gives you a lot of in my opinion hope

and and sort of humanity it's it's very

very very exciting in my opinion uh so

super excited for SpaceX and where this

is going not super excited about what's

potentially to come from the break up of

this especially since the pilots who

maybe saw the advisory notice that there

could be debris in the area of the

Caribbean uh were still there which I

guess is on them but it does cause some

potential risk factors given that you

know planes were having to like this

netjets plane was having to looks like

uh you know make a left turn make a 360

and divert to Miami from where they

wanted to go oopsy do oopsies uh but

then again you know they they chose to

fly that route through the potential

debris field some people argue that the

debris field was not actually listed as

a notm notice air missions uh before the

debris actually started which it would

be bad if that was true then we're going

to have a larger area of do not fly

zones in the future so the last thing

you want is some of this debris hitting

a plane and killing a bunch of people

it's just going to set back Innovation

it's not good and we don't want to see

stuff like that happening uh and again

the quote we lost the

ship the fa is not going to like that

one they want to hear like hey it blew

up we know exactly where it is and we

know what we did wrong and we'll do

better next time they did say they'll do

better next time but uh it kind of

seemed like they had no idea where it

went for a while that might cause some

problems Rick Scott and Ted Cruz have

officially introduced the no tax on tips

act I anticipate that this may be

included in Trump's BBB big beautiful

Bill and now what I did think was very

interesting in the ACT is that they

specifically exempt taxes on tips for

federal income taxes which does mean in

States like California you're likely

still going to be subject to paying your

California um extortion fee I mean uh

state tax and uh it is possible that

states could individually pass laws to

also exempt their uh tips or or tips

that people collecting those States from

taxes but TBD that'll be up to

individual states something that's also

interesting is the way that they're

setting this up is not actually a way

where it's excluded from income but it's

rather a

deduction uh so I thought that was

interesting too so you basically you

declare it from like cash or credit card

tips or whatever you declare it as

income which allows you then to use it

to qualify for a home or loans or

otherwise and then you get to write it

off and deduct it which is awesome so a

lot of people don't declare their cash

tips because they don't want to pay the

taxes on them but then you can't qualify

for loans so you kind of get screwed

it's that double-edged sword right don't

pay taxes you can't use it to qualify

well now you can use it to qualify and

not pay taxes should that bill pass I

again I expect it to be part of Trump's

big beautiful Bill nobody knows anyway

uh I do have a small brief announcement

March 15th the eyes of March we will be

holding our Mastermind group event uh

this is actually a really exciting time

for us and uh we've got an amazing group

of folks if you want to join it it's a

group of seven figure folks so this is

High Caliber entrepreneurs wealthy

individuals if you want to apply to see

if you can join this group go to

meetkevin.com and about halfway down the

web page you'll see a small section

where you can uh schedule some time to

talk with the team and apply to join so

go check that out over at meetkevin.com

the next one is on the odds of March the

odds of

March who the hell came up with that I

have no idea it wasn't

me all right anyway the polar vortex is

moving in over the next week apparently

with life-threatening cold 45 de in some

areas which is crazy it's all coming

from Canada so thanks Canadians downside

is apparently we won't have enough

alcohol to keep us warm not that alcohol

keeps you warm anyway it just makes you

feel cold as it or warm as it expands

your blood vessels and you actually end

up reducing your body temperature so it

really does the opposite it's always

interesting how things are just so

ironic in life this makes me warm no it

actually makes you colder anyway

apparently people buy less alcohol

during dry December or sorry dry de

December hello Kevin how many have you

had today uh zero uh during dry January

that is the Federal Reserve Board of St

Louis actually put out a piece on it I

thought it was interesting that they

were touching on it uh but I may as well

show it take a look at this uh wholesale

sales of alcohol regularly Peak uh every

uh end of uh end of the year and into

January a lot of people say this is

because people have already stocked up

on a lot of alcohol and this has to do

with destocking in January other people

say it's people having New Year's

resolutions not a drink and uh uh and

then you see this every single year the

sort of seasonal dump uh in alcohol

consumption for wine spirits and beer

kind of interesting to see anyway uh

Bitcoin apparently there's going to be a

crypto ball that will take place Friday

tomorrow uh in DC to celebrate Trump's

inauguration supposed supposedly it's

already sold out and uh tickets were

going for

$2,500 it kind of sounds like a cocktail

reception with an open bar and like uh

you know selfie taking opportunity I I I

don't know it just it seemed not like I

don't know something that I I don't know

if anybody's supposed to be there

anything special is supposed to happen

but it is kind of interesting that

they're doing this they selling tickets

for 2500 bucks and it's sold out it kind

of shows you how far Bitcoin has come

we're also keep in mind seeing sort of

resurgence just in the last few days

some of the Trump trades uh look at uh

for example iwm it's up from its low

about 5 days ago look at Bitcoin you

know 5 days ago we were trading for

around 214 on the Russell 2000 small cap

now at about 224 still well off those

highs earlier uh this year and then when

we look at uh roughly in about the

summer and then again after the election

we look at Bitcoin we're just over

100,000 right now and uh Donald Trump is

expected to release an executive order

making crypto a quote National priority

and creating a crypto advisory Council

now I'm not entirely sure if this is

going to have any implications other

than the government keeping a strategic

Bitcoin Reserve or stockpile which would

probably just be as Donald Trump has

says said the seized Bitcoin or crypto

that they already have so whatever they

take from criminal activities uh not

saying that the government is being

criminal although that probably Al some

Truth uh but whatever they take from a

criminal activities uh in in pound uh

they anticipate potentially just

keeping uh as opposed to re selling uh

or dumping on the market which a lot of

people are enthused about that because

there is some fear that oh man what

happens if you had like a Biden

Administration and the last couple you

know days of his admin just start

dumping a bunch of Bitcoin all of a

sudden all at the same time well I've

already addressed this and I've said it

would create one hell of a buying

opportunity because that dip just won't

last anyway uh the uh the order uh

Beyond creating a national stockpile

would probably also motivate other

states uh to introduce their own uh

Statewide stockpile agendas uh that

wouldn't surprise me and I think it's

actually likely to happen so stay tuned

uh all of these initiatives will do very

very well as long as cryptocurrencies

continue to hold their value they will

fall apart very rapidly should there be

some form of underlying Poopsy dupsies

and valuations so hopefully that does

not happen all right so with that said

let's jump

into Tik Tock ah yes Tik Tok Biden will

not enforce the ban so in other words

it's going to be up to Donald Trump who

says he will stay the ban or not enforce

the ban himself as long as a buyer is

reasonably in the works for Tik Tok

which means your probably not going to

lose access to Tik Tok uh anytime over

the next few days as a lot of people had

originally feared a lot of folks were

pretty nervous that you know come Sunday

Tik Tok would basically be gone now you

don't have to worry about that

anymore fed gby little bit of a

flip-flop here he's been kind of the guy

that's been like hey look once the

economy slows down the labor market it's

really hard to stop stop it it's not

like one of those things where the labor

market gets worse worse worse worse and

then soft Landing it stops so he's been

of the mindset that how do you actually

get it to stop there versus continue on

going and he just came out and

said huh meet Kevin has a coupon code

for the trumponomics course at

meetkevin.com for the

inauguration it comes with a course

member live streams and the trade alerts

that are starting in less than two weeks

for a blitz in February oh okay go to

meetkevin.com to check that out you get

the trumponomics course lifetime access

to the course member live streams and

the Trump related uh trades that are

going to start taking place uh within

about a week of the inauguration so stay

tuned I'm already prepping my strats

it's going to be fun we'll do some

challenges together it'll be great but

anyway no fed gouby actually says not

only is becoming more comfortable that

the labor market is stabilizing

but he's he's heavily looking at these

December and November numbers and he

feels pretty good about the economy he

says uh that uh you know really this is

how should I phrase this let let me

rephrase this I've caught myself into a

little bit of a hole here really once

you get these strong November and job uh

November and December job numbers you're

in a place where you look and go you

know what this these are really good

numbers now the question is will that

continue in the first quarter every

single first quarter we tend to get

layoffs from companies uh and that

includes the layoffs that we saw this

morning uh you've got BP this morning

laying off 5% of its Workforce HSBC

expecting to cost restructure uh you've

got uh layoffs at JP Morgan quiet

layoffs through mandatory return to work

Microsoft pauses hiring and its

Consulting unit all of this this week by

by the way meta cutting 5% of its lowest

performing workers Wayfair cutting 3% uh

lineage the refrigerant company

refrigerator warehouse provider rather

uh they refrigerated Warehouse provider

they're cutting uh jobs uh you know

these these are just some of the more

recent announcements from this week now

we tend to get those every year the

problem is just when you have those

layoffs are they coming during a time

where the stock market maybe isn't as

robust or sorry the jobs Market isn't as

robust as it was previously to absorb

those people who are laid off see if you

get laid off and you get five offers for

another job did it really matter you get

to go on to something new and exciting

but if you get laid off and there's

nothing else that's when consumption

slows and poopy doopy happens so we'll

see what ghoul be uh you know if goul

be's initial fears will end up being

true or uh or if he is indeed going to

stay more comfortable throughout q1 now

fed Waller does sort of reiterate that

look the labor Market's solid but it's

not booming so let's not you know get

carried away here that everything is

perfect in fact we might have as many as

three to four Cuts in 2025 as long as

the data cooperates fed Waller doesn't

believe that fed tariffs will actually

affect inflation as much as people fear

he does say that if inflation moves

lower more rate Cuts will come and

inflation like this is very good and we

may even see more Cuts in the first half

of the year than currently

anticipated this commentary by the way

moved the odds of a rate cut uh from

from September for a full 100% chance of

a 25 BP cut all the way up to June

18th uh which is kind of interesting

you've moved up a couple months uh

actually about three months there you

moved up a whole quarter which is

fantastic now what's not fantastic

though is what Wells Fargo said about

Tesla stock and the fact that Microsoft

is Raising prices and that apple is down

well a lot Apple's down like 4% today

this is actually quite a bit of a hit so

usually you don't see apple move as much

as 4% that's a really big hit at the

same time Microsoft is trying to raise

prices on its Microsoft Office Suite

they're planning on raising prices 30%

for the family office suite which will

raise the price to $130 per year for a

family of up to six or 43% price

increase for individual plans because of

their AI features which Apple probably

wishes that they had this is because

Apple apparently received some reports

following were reporting quote

lackluster iPhone sales in China uh now

we did report on this about a week ago H

maybe it was earlier this week that uh I

think it was actually Monday that iPhone

sales were expected to be down about 4.2

to 5% in the fourth quarter but

apparently some new data is coming out

suggesting that uh we ended up having a

substantially lower number of iPhone

sales in China potentially as much as

177% lower than expected in the Chinese

market potentially because of that

lackluster movement on AI or what's

going on with Siri nothing uh and uh and

then obviously competition in China okay

so all of this comes after or I guess

around the same time as Wells Fargo is a

mega bear on Tesla apparently Wells

Fargo analysts think that Tesla stock

will collapse to $125 next year per

Wells Fargo they cite weak fundamentals

struggles to keep deliveries up despite

deep discounts keep in mind we talked

about cybertruck discounts this morning

Chinese competition and the repeal of

the $7,500 inflation reduction Act tax

credit not just for that $7,500 for

consumers but also the potentially the

manufacturing tax credits hurting

Tesla's pricing power ah nobody wants a

little peee

okay so with that said Wells Fargo also

warns that the Optimus and cyber cab are

still at too early of a stage to truly

Drive value today now if you actually

look at what people are commenting on

these Wells Fargo articles you usually

get things like this okay wait for it

let's go with we need a commenter voice

oh that's what we'll use this as the

commenter

voice guess we know who missed the boat

do we really believe leave the

analyst

$125 that's absurd good old Wells Fargo

and their fake account fraud put down

the crackie pipe

Fargo this is why it's really bad to say

anything bad about somebody else's stock

and it's probably why Hindenberg ended

up shutting down people hate it when you

dump on their stock let me reiterate

that don't say anything anything bad

about somebody's

stock The Economist discusses growth in

the United States and argues that Rising

Bond yals may be a sign of growth in the

US economy that productivity can

potentially keep going uh and the extra

Investments that we're getting from from

AI Investments could end up adding

substantially to our GDP even though

many of those Investments may end up

being money spent for Unnecessary invest

ments or failed businesses they cite the

era as having extra investments into

technology that boosted GDP by as much

as

1.5% that's a lot of money by the way

when you put it in hundreds of millions

of dollars and even though many of those

Investments failed it still ended up

propping up GDP before the big oopsy

dupsies the US market today per The

Economist reflects the expectation that

these investments from companies will be

Val valuable and on top of that yields

are up because of public debt the fear

of tariffs the fear of deportation

potential and this strong investment

economy so if some of these factors

start falling away we could see yields

come down substantially debt fear is

probably not going anywhere anytime soon

the deportation and tariff fear probably

aren't that big of a deal we'll see and

then of course we'll end up seeing what

happens with AI Investments we know that

Nvidia is having some real problems and

glitchiness with their Blackwell chips

leading some companies to prefer the

h20s or not buy rack systems at all and

just straight up prefer buying the chips

themselves to implement however they

would like regarding hedging and uh what

we see in Market trades Mandy from the

CBOE via CNBC on TV today mentioned that

people have been buying puts on TLT up

until now that is people have been using

puts on TLT as a way to hedge their

portfolio

and now that has switched to call buying

is this potentially and finally the top

for yields well I'll let you know what

my trades are in the trumponomics course

make sure you're part of it use that

coupon code we've got the inauguration

code we're just starting it live now but

that'll expire on inauguration day at

the end of the day when it comes to

hedging uh you've got a little demand

for hedging on big Tech before earnings

we've got uh some big earnings coming up

on January 29th including Microsoft

Tesla and meta you've also got 4 days in

a row now of more than 200 advancers in

the S&P 500 versus decliners this has

only happened 12 times since

1997 so some bullishness coming back

especially after that PPI and CPI set

now City group is also expected to

eliminate more jobs that's the one I was

looking for earlier when I was like ah

who's the other one a city group they're

looking to reduce jobs by as much is

20,000 uh by the end of 2026 which would

be a cut of about

8.7% of their Workforce ouch on top of

that we have Hershey stock now hitting

its lowest level since March of

2021 so with that said uh we are uh onto

the D

joke all right here we go

uh okay so Dad joke wrote it down over

here and Dad joke okay d man okay we did

that

one man some of those are bad

uh all right here we go I recently found

out from my insurance company if my

blanket is stolen in the middle of the

night I'm not covered

okay now when it comes to the Daily

Wealth ah yes the Daily

Wealth so when it comes to the Daily

Wealth something uh that uh I have found

uh to be very very useful is every

single day ask yourself what can you do

to make your life slightly more

efficient because it's not the time that

those little efficiency or

inefficiencies take it's the frustration

factor and what it does to your attitude

so for example I know without looking

that right here there it is there's my

wallet and every time I come back in I

put it in the same spot and right next

to my wallet I always put two Chargers

and I like to check these every time I

go out to make sure they're full okay

that one's at 100% that one's at 99%

that's that's pretty decent uh yeah 100%

so this is this is useful right this is

good pre-planning so that way when I got

to leave the house in a hurry I'm not oh

my gosh where's my wallet because that

increases frustration exponentially

having a dead phone increases

frustration exponentially so now if I

look at my phone and it's nearly dead I

take two Chargers one to get it back to

life and one one I run out of that

charge or ideally my phone is fully

charged and then I just take one

that's the most ideal case quite frankly

if it's like noon and your devices are

out of battery you should be asking

yourself what is wrong with me what can

I do to go find another charger and just

plug my stuff in every day your products

everything that needs to be charged

should not be running out of battery

anytime something runs out of battery

you should ask yourself how can I make

this more efficient because every time I

run out of battery that is a failure on

my part it is a lack of planning and it

is a failure and when you start cleaning

up these little inefficiencies you'll

actually realize your life gets a lot

smoother and less stressful for example

I use a little stream deck now to kind

of change scenes so for and I'm still

working this obviously and rebuilding

the studio it's been very stressful but

you know if I'm going to jump over to an

article over here I've got a nice little

Center camera now I'm working on getting

the left camera camera I want to go back

to me and I've removed the Border uh

this is great because everybody

complained about the Border I can do

that there all one click of a button but

if I want to pause the recording or go

to some other scenes I have to page over

because I only have eight buttons to

play with on my regular stream deck

that's not as ideal so what did I do

today actually it was last night and it

was overnight delivery I ordered one of

those larger stream decky things uh I'm

working on setting this up after I post

this video uh and then that way I won't

have to go to different pages I can see

all of my scenes right here uh that also

goes with uh obviously working in my

um you know high

tech all right there you have it thank

you so much for watching goodbye good

luck and please leave me a comment down

below to let me know what you think

about the AM and PM broadcast thanks

folks we'll see you bye why not

advertise these things that you told us

here I feel like nobody else knows about

this we'll we'll try a little

advertising and see how congratulations

man you have done so much people love

you people look up to you Kevin PA there

financial analyst and YouTuber meet

Kevin always great to get your take