FTX Stimulus, Used Car Bubble Pops, Trump Trial, & Gaza + Israel | Meet Kevin Report 2

a used car crash delinquencies arising

and an economy that's supposedly good in

this video not only will we cover the

economy but we'll also catch you up with

a little bit of clarity in what we

talked about yesterday with Muslim

immigration and what's going on with

Gaza and Israel some premature

celebrating that actually happened

unfortunately in the Gaza Strip and why

we'll touch on some of the latest

earnings and we'll also touch on Donald

Trump and the full load of information

we got from stormmy Daniels yesterday as

well as that jail threat but first we've

got to start with FTX remember FTX the

crypto broker dealer that ended up being

a massive fraud thanks to the most

honest man in the world not being so

honest well this most honest man in the

world almost caught Taylor Swift for

quite frankly concert tours with a lush

and beautiful sponsorship package which

Taylor Swift had already signed Taylor

Swift never ended up pitching FTX though

because s bankman freed delayed signing

his portion potentially playing too many

video games for about 30 to 60 days

that's at least what we're hearing from

reports and then the company went

bankrupt the most generous man in in the

world looped in Tom Brady Kevin o

stadiums referees you name it and now

the company is actually expected to pay

back more than it owes to folks now

there's some remarkable detail to this

but let's start with knowing that

usually when a company goes bankrupt

this might be what you have in the

company and what you get back is usually

Pennies on the dollar so let's say you

had a stable coin at a company like uh

Voyager digital you might just get a

fraction of your money back maybe 5% of

your money back if you're lucky as a lot

of the money that's available goes into

legal fees and defaults it

sucks well in the case of FTX because of

the rise in crypto valuations FTX per

Bloomberg is expected to pay back

118% of the original amount of that

people had stuck on the platform when

the company went BK now I remember in

the weeks leading up to the FTX collapse

we made videos on the channel here

encouraging people to get out of the

platform that the risk was not worth

staying on the platform well fortunately

now even though that company did

collapse the company is able to pay back

100% of principal plus interest now of

course some of the tokens had they been

held through the crypto crash that is

from when the collapse occurred through

the rest of the crypto crash that

occurred and then all the way to today

would be worth more if you had the

actual token back remember FTX is just

paying back in cash but it sure beats

investing in a company or depositing

money in a company and only getting a

fraction to 0 back I personally invested

in blockfi invested about

$420,000 well $

42069 I believe was we what we invested

$420,900

Let's uh consider for a moment yes if

somebody held through the rest of the

crash they'd have more money in the

actual underlying tokens than the cash

they're getting back but the reality is

it's so rare to get any money back in a

bankruptcy this is really great news

people are not only expected to get

their principal back they're also

expected to get interest back great news

and it's really the end of an era for

the crypto collapse it gets the FB uh

spfs out of the world it gets CZ on a

straight and narrow path he's only

spending four months in jail anyway so

frankly maybe now we can get to a

regulated environment and get BTC and

other crypto projects on the straight

and narrow path to success which is very

exciting and I'm optimistic about the

future now with that let's hit don t so

in case you haven't heard oh boy oh boy

Donald Trump uh well we had a long story

from Stormy Daniels yesterday about what

Donald Trump has been up to apparently

Stormy Daniels began her career as an

exotic dancer danced for strip clubs at

the age of 17 in Louisiana and first met

Trump at a golf tournament where she

invited uh uh Donald Trump or I'm sorry

where she was invited by one of Donald

Trump's apparently bodyguards this is

her point of view uh to dinner to which

originally she said f no but then at

some point after giving Trump a copy of

one of the adult films that she wrote

directed and starred in when she was

27 she ended up having sex with Donald

Trump now during the relationship that

the two had apparently at one point

Donald Trump suggested that she could

prove that she's not just a dumb bimbo

that she's smarter than people think

that she's smart blonde and beautiful

and she could shake things up and get a

lot of attention by going on The

Apprentice she suggested she's not a bus

business person and there's no way she

could win so why would she to which

Donald Trump allegedly said what if I

tell you what the challenges are I have

control maybe I can give you an edge so

at least you can make a good

showing that was a bit surprising to me

because I grew up with watching the

original Apprentice which I really

enjoyed and it somewhat breaks my heart

to think that it was rigged but then

again that's reality TV for you now

Stormy Daniels went into testimony on

what happened in 2006 in that hotel room

she suggested that Donald Trump was

arrogant would try to one up her and

stealed a conversation and it wasn't

until she threatened to swat him with a

paddle that he started becoming more

polite in fact at one point when she was

invited to Trump's hotel room he was

wearing silk style pajamas which she

asked if Donald Trump was aware that

well I should say does the quote was

does Mr Hefner as in Hugh Hefner know

you stole his pajamas Donald Trump

apparently then changed and they ended

up having a sexual relationship

apparently this began as Stormy Daniels

remembers with her bra on her clothes

and shoes off and we were in the

missionary position to which of course

the judge and the defense quickly

objected and sustained the motion and

ended the detail of what was going on or

at least what Stormy Daniels recalls now

remember it's really important that

Stormy Daniels establish at least some

level of detail because Stormy Daniels

needs to prove that she actually had sex

with Donald Trump the mission of the

defense which tried to declare a

mistrial when this sort of detail was

revealed which didn't work now but might

work in appeal a good setup for an

appeal in the future or should Donald

Trump lose but what you have to think is

the defense needs to make stormmy

Daniels seem

noncredible like she's vengeful out for

hate she was a poor person needed money

took the money by extorting Donald Trump

and therefore you've got a defense that

beats her up by asking in crossx do you

hate president Trump and Stormy Daniels

response yes do you want want him to go

to jail Stormy Daniels replies I want

him to be held accountable they're

trying to discredit her this is a very

common defense strategy in court is

basically discredit the people that are

making the defense look weak and

obviously the Star testimony here is

from Stormy Daniels as allegedly she had

sex with Donald Trump which Donald Trump

then paid to cover up now Donald Trump

and the defense take the position I that

we did pay to cover it up but it was a

fake story therefore no crime was ever

committed and I shouldn't be in this

courtroom at all anyway and therefore

the gag orders against me are illegal

and I will continue to exercise My First

Amendment right to free speech which of

course after 10 violations worth $10,000

in fines in total the judge has decided

look keep this up you might have to go

to jail Donald Trump responded to this

with if that's what it takes to defend

the consti

then I'm ready for my night in

jail his actual quote was our

constitution is much more important than

jail it's not even close I'll give that

sacrifice any day we know that Donald

Trump is really into branding so that's

what we got uh now that uh probably

would lead to some political donations

as well if that ended up happening so

probably wouldn't be uh the uh the the

worst thing that would happen to Donald

Trump but anyway uh the point here is

that while we end up getting more a

testimony in future Court hearings it's

worth noting that there's a lot of

attention going into Donald Trump's hush

money case and the insights gleaned from

Stormy Daniels were certainly salacious

but they don't rise to the evidence

probably needed to say that what

happened was indeed 100% fact obviously

there are no screenshots descriptions of

unique bodily featur or defects in

certain area on Donald Trump at least

from what we've heard and so there are

limited ways to say that her story could

be 100% credible and probably it's going

to be challenging to argue that a jury

should believe everything Stormy Daniels

said at least to a level of Beyond

Reasonable Doubt which is the highest

burden of proof in a criminal trial

remember this is not a civil trial where

you just have the burden of the

preponderance of the evidence this is a

criminal fraud trial now of course it is

for a class E felony which is the lowest

form of a felony but the burden of proof

is beyond a reasonable doubt so the jury

needs to be convinced that Beyond A

Reasonable Doubt stormmy Daniels had sex

with Donald Trump and Donald Trump then

paid to cover it up by misallocating

business and campaign funding and

disclosures and lying about it after the

fact all of these multiple different

elements a problem if Stormy Daniels did

actually have sex with Donald Trump

pretty

wild with that let's go into the used

car crash as auto insurance rates are

skyrocketing to the highest levels since

the 70s the heaviest keep in mind this

contributing to the heaviest impact in

our core CPI readings the latest Manheim

used vehicle index is down

14% from a year ago so another words

everyone who owns a car is seeing the

value of their car collapse you see that

on screen here uh this is a chart of

that used vehicle index collapsing here

uh on the right down a substantial

amount uh it's worth noting where the

declines from a year ago are luxury car

is down only 12.9% % electric vehicles

holding their uh values relatively the

worst down 17.5% compact cars down 176

midsize down 168 and Pickups only down

15.2 this all comes this sort of

frustration in the economy as a result

of assets that almost all of us own like

used cars uh and things becoming more

expensive around us like food and

groceries and insurances we're being

told the economy is doing just fine as

long as you ignore things like the

transition into delinquency by loan type

you can see here the 30-day delinquency

on credit cards is substantially higher

than what we've seen quite frankly since

about

2006 student loan delinquencies still at

Rock Bottom as some of those payments

just are essentially deferred in

perpetuity but autol loan delinquencies

rising to the high highest levels that

we've seen uh in since about 2010 keep

in mind the credit card delinquencies I

should mention highest level since about

2006 excluding the Great Recession

obviously if you include the Great

Recession you're the highest level since

about

2011 and you're now even starting to see

those mortgage delinquencies start

Rising soon to be above pre-pandemic

levels something else to keep in mind is

the 5-year break even has a slid to 2.3

32% and we're now pricing in 1.69 rate

cuts for the year after Apple's

discounting in China shipments are up

12% following those March discounts and

Uber took a surprising loss this morning

due to investments in other companies

write downs and a lot of legal fees as

well as some less than uh expected

ridership uh or uh well yeah I mean

frankly uh an overall decline in

ridership in an area like Latin America

so coming out of nowhere here with a uh

a decline in ridership though the rest

of uh the world and North America much

like Lyft actually doing quite well you

did have uh companies here provide some

insight yesterday skipping past just

their earnings I wanted to go into their

earnings call and just see what some of

these companies are saying about the

economy and I know a lot of consumers

don't feel this way because things just

feel expensive and wrong at the moment

but a lot of these companies at least

for themselves are still guiding

positivity look at toast for example we

don't see a reason why the second

quarter would be different for demand

strong bullish the consumer is still

cranking no material changes if anything

we're on the path to finally getting out

of a loss and being Break Even Gap break

even by the end of the year Lyft sees a

continuation of trend scene at the end

of 2023 with lower prices actually which

is somewhat deflationary which is great

in fact they actually say we don't say

this externally but we want to lower

prices we want there to be a better

balance between drivers and demand and

we continue to see strong demand while

Disney also saw higher spend per person

at places like Disneyland uh they did

see a uh uh and and they currently do

still see healthy demand I got to add a

y there uh they are seeing a moderation

from postco travel and they're seeing

higher cost inflation as well so little

bit of a mixed bag over at Disney they

did also miss on some of their

subscriber numbers yesterday wi has

noticed that demand has been relatively

healthy throughout April with the sphere

remember that big circle sphere they now

have in Vegas driving a lot of

visitation to Vegas and they repriced

their hotel rooms daily which I thought

was quite interesting to make sure they

could squeeze every last penny out of

any anybody visiting the Wind Resort but

then again probably most of the hotels

do that uh and uh the wi and Encore

being some of the more uh luxurious

options on the Strip uh then we've got

Gaza and Muslim immigration I'd like to

just be very very clear here in

yesterday's meet Kevin report uh we

talked about Muslim immigration and we

got a lot of commentary on how Muslim

immigration and for example than United

Kingdom is potentially deluding UK

values now I reported from a neutral

point of view I analyzed a city that was

trending on social media and noticed a

nominal change in really the makeup of

uh that District within Bradford of the

United Kingdom uh over the last 20 years

but commentary was very clearly on one

side of the discussion here many refer

to immigration expanding for Muslims

into the the United Kingdom not just in

the last 20 25 year period but really

from the 1950s 7s 80s all the way to

today which has led to a substantial

increase in the Muslim population in

parts of the United Kingdom and Europe

which many people are frustrated by this

is of course just an observation from

commentary it's just my goal to be here

and provide neutral perspective and when

popular opinion is on another side I'll

mention it that that's not going to

dictate what what the neutral uh

analysis is but from a neutral point of

view we can clearly say immigration is a

top priority for many voters and

ensuring their voices are heard is very

important but it makes sense because the

same frustration is the frustration that

you're seeing with Asylum uh grantees

like uh syrians in Germany uh Muslims in

the United Kingdom uh immigrants who

were coming through the uh Southern

Border in the United States maybe even

the northern border eh okay mostly the

southern border whether they're Chinese

immigrants or they're from Venezuela or

wherever they're from there is a lot of

frustration around the Border crisis and

it's about High Time countries start

listening to their

voters similarly I received multiple

messages yesterday suggesting that

Israel's deepening incursion into uh

quite frankly the Gaza Strip and the

Rafa Crossing which was supposed to be a

Biden red line which has now been

crossed is solely to quote go to the end

of the Earth to find the remaining

roughly 130 hostages still alive if my

family member were a hostage I'd

completely understand I hope the

situation ends rapidly so both the

hostages can be freed and death can end

in general war is Terror killings and

death are bad they're wrong no matter

what and it sucks it just sucks the

human Devastation that's happening in

Gaza is horrid I'm not pointing any

blame we're simply making a statement

that war and Devastation is terrible and

I wish it ends as soon as possible so do

Gins Gins were celebrating after hamas's

acceptance of the Israeli deal uh which

was announced uh just a couple about a

day and a half ago uh and then

unfortunately tanks rolled in as Israel

suggested the deal was different from

what Israel had proposed and now the

ceasefire is quite frankly unclear and

unresolved so unfortunately the crisis

for now in the Gaza Strip continues and

Egypt continues to build its shelters

now keep in mind I'm a big fan of

providing as much neutral perspective as

I can this is the second meet Kevin

report that we're doing I hope you enjoy

this style of reporting where we can

cover multiple different important

topics all in one if you have any

comments suggestions please let me know

what your thoughts are in the comments

down below make sure to read all of them

really appreciate it and we'll see you

in the next one thank you so much

goodbye and good luck 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 it Go 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

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