Good evening, everyone, and welcome to one of our most important panels during our annual meeting. We're so privileged to have distinguished representatives here from the U.S. Senate, the House of Representatives, and two governors. And hopefully after this discussion we will understand more about the U.S., U.S. politics and the role of the United States of America in the world. And America really matters. 25 percent of the global GDP comes from the U.S. and 5 percent of the global population. So this country has done pretty well. And it's still doing well. If you look at the economic outlooks, also that the World Economic Forum produces, we are pretty bullish on the U.S. There is a lot of innovation. There is still a lot of growth. And if there is a recession, we don't predict that. But if there is one, I think it's going to be shallow. But also 45 percent of the global military capacity is still with the U.S. So if the U.S. decides to take side, the U.S. decides to get involved, it really, really matters. So in Europe we have always thought about the U.S. as an exporter of predictability, growth, values, and principles. And I think a lot of the world still is of that view. But we know that there is also not always that there is agreements in Washington, D.C. And that's also in any democracy there is disagreements. But I think the feeling has been lately that there has been a lot of partisanship in the U.S. So we wonder how can things get done on behalf of the Americans, too? One thing is to take responsibility for the world. But it's also very important to get things passed, I guess, both in the House and in the Senate, to also make things happening. And this also means a lot for the state. So let me start with you, Senator Koons, here, on my left side. There was a lot of legislation that was done in the fall. We heard also President Ursula von der Leyen today address the IRA, the Inflationary Reduction Act, a lot of infrastructure investments, a lot of investments also in decarbonization. Do you expect now, with the Republican majority in the House, a Democratic majority in the Senate, that there will be new legislation and new things happening in the next two years? Or is it not only going to be about the next presidential campaign? Well, thank you. Thank you for the question and for the recognition that even in a 50-50 closely divided Senate, even in a period of great partisanship, that in the last two years in the House and Senate with Democrats and Republicans working together, we passed landmark legislation to help fund and modernize our infrastructure, to help deal with unmet needs for our veterans, to help with chips and science investment in manufacturing and in reshoring, and many other bills. A remarkable array of legislation in just two years. Your question is, now that we have divided government in Congress between the House and the Senate, will we get anything done? We have to. The American people expect it. It will be a little more challenging. There will be some big issues, the debt ceiling, for example, where we may struggle. But if you look at the rest of the world, we recognize those of us who serve as governors of states, as members of the House and Senate, we recognize that while we have divisions and differences, at the end of the day, we have a responsibility, as you put it, to continue being an exporter of values and stability. I do think we'll find broad agreement about the importance of strengthening our alliances, competing effectively with China, and supporting Ukraine in its ongoing war against Russian aggression. There's many other things we can discuss, but I thought I'd start on a positive note by highlighting a few things where I think there's some agreement. And I think there's a lot of questions there on Ukraine. Will there be continued support also in the coming year on Ukraine from the U.S.? I believe there will. At the end of last year, we passed both chambers and sent to the President a legislation that provided another $45 billion in support, humanitarian, economic, and military. And Ukrainians are being trained in the United States at Fort Hill, Oklahoma, on the Patriot system that President Biden has now approved transferring to Ukraine. The brutality of the war in Ukraine, the violence of it, its very imperial nature, has not just brought together our allies around the world but mobilized Americans. There is, I think, a reasonable expectation that that spending will be accountable, that there will be transparency about it. But I think there's other things that we are going to have to tackle, gun violence, refugees and immigration and the border. There's a number of members here who have been active in bipartisan solutions to those challenges as well. And I know Senator Manchin and Sinema has also collaborated on the RRA and other initiatives. But first, to you, Senator Manchin, we all watched the speech of President Zelensky that addressed the vote of the chambers. Do you think that changed anything in the Congress? Do you think it changed things in America, that speech? I think it solidified an awful lot of the support that we've already had. It helped an awful lot for him to come and recognize all that the American people have done and support in Ukraine. The commitment that we have is unending. We're going to stay with Ukraine until they are victorious. I think that's not only for Ukraine but for the entire world. It's important, especially the EU. So we're very much committed to that. And the energy it's going to take, basically, the Putin usually weaponized energy. So with Putin weaponizing energy, the United States has to step to the plate. And we have to backfill with LNG and all different things we can to help our allies. That was the whole purpose of the RRA bill that we have in America. That bill was passed, basically, on energy security. I know it's been touted as an environmental bill, but I think we're all responsible to decarbonize. But you don't eliminate, you just don't eliminate what the world is using. You lose it and innovate it and you do it better. That's what we're trying to do. And all of us work together on that and I think it's going to be a very, very monumental bill that's going to endure for quite some time. And hopefully that we can be able to be in a stronger, more independent and secured. The United States cannot be the greatest economy in the world and we cannot be the superpower of the world if we don't have energy security. Energy independence and security maintains that. And we have to depend and look around the world for someone to do what we don't want to do for ourselves. And we have all the resources to do everything that we can and do it better. I think it's a shame we didn't. So the RRA gives us that pathway forward. Ukraine, I don't know, I've never seen support more solid. You hear a few people on both sides maybe questioning, should we continue down this large? I think we're in $100 billion or more right now in support. But I can tell you my vote will always be to support Ukraine until they are victorious. Thank you. I was also wondering Senator, what do you think will be the biggest topics for the Senate and for the House and the two coming? We all know, and I think Senator Kuhn, everybody, if we had immigration, the United States, we have to have a strong, robust employment. But you have to have legal immigration. You cannot have an immigration discussion unless you have border security. And unless you're committed to border security, we're not going to get that done. So if that's going to be it, don't waste any time. If we have to do permitting, we can't meet the goals that we need to be energy independent unless we can get the job done. And you can't get the job done. In the United States, if it takes five, seven and 10 years to permit something that takes two and three years, even in Europe. So we've got to change that. We think there's some deals to be made from the standpoint. The main thing about negotiation is you can't get everything you want. You know, you can try to improve it. Now, if you're improving it, do you take that as a win and move on to the next? Or do you say it wasn't good enough? So you let the perfect be the enemy, the good. That's not who we are. Senator Sinema, you're from Arizona. I guess immigration is a big thing in Arizona. It is. And unfortunately, Arizonans have suffered from the last 40 years of the federal government's failure to address this crisis, which is why this is something that I've been spending so much time and energy working on this. Folks in our participating in this panel tonight might know that in the winter, just before the Christmas holidays, Senator Tom Tillis of North Carolina and I put out a immigration framework that both addresses security issues around creating a secure border so we can deter individuals who want to bring dangerous drugs and criminals into the country, which, by the way, are happening. That's happening on a nearly unimpeded basis right now because we do not have the personnel. We're not utilizing the technology to effectively stop this type of crisis of drugs and dangerous individuals entering our country. But we also need to reform the asylum system. Right now, we have an asylum system that actually creates a pull factor for criminal cartels in South America to bring individuals to this country, to our country, who have no legal basis for a permanent path to citizenship. So we want to combine that with also making changes to our system to create a path to citizenship for dreamers, to ending the visa backlog so that we can actually hire the talent we need at all edges and across the entirety of the spectrum. So Senator Tillis and I proposed this framework right before the Christmas holidays as most folks are aware, we ran out of time to push that legislation through because of the budget process. However, we came back in early January and just last week, Senator John Cornyn of Texas, a border senator and myself led a delegation of four Republicans, three Democrats and myself and independent to the border in both Texas and Arizona. We began talking about our framework and we are building the bipartisan coalition that we believe will allow us to pass legislation through both the House and the Senate this year. Thank you. One thing I was reflecting on is that a strength for the U.S., if you know, compare the demography between the U.S. and for example China, where you see no labor force is going down for the first time. While in the U.S., the demography is still quite favorable. So by 2050, America still will be as young as today. But it is also changing and we know there's lack of labor. So who do you think about this? You know, the U.S. was the land of opportunities. Most of you have like very diverse backgrounds.  So the key is to create a system where we get to choose as a nation who we will invite into the country and who we will not. Right now, because our immigration security system is completely broken, we're not choosing who gets to come and who doesn't. The cartels are choosing and that is not sustainable for our country. So in order for us to have a system where we are bringing the best and the brightest, whether it be farm workers or J1 visas for doctors, or whether it be geniuses who can help us create the new ideas for the future, we need to be in control of that. And that means reforming the system so that we can actually identify what jobs we need filled and then choose who are the kinds of folks we want to come to our country while also making sure that we're keeping out criminal elements and the dangerous drugs that have created an ever-increasing and concerning fentanyl crisis. I expect our governors could talk more about this fentanyl crisis than anyone else on this panel because they're suffering through it every single day. Thank you. Turning to you, Congresswoman Maria Salazar, Florida, a couple of questions. First on Ukraine, do you confirm the same as Senator Manchin and also Kuhn said? Do you think there will be the same support also from the new House as it has been in the past? I think that's, thank you and thanks once again for inviting us to this panel. I do believe that there is heavy discussion within the GOP for what you are saying, specifically among the Republican members of Congress. But I'm one of those. I am Cuban American, first generation, so we know what the Soviets and the Russians can do to you. I'm very good friends with Victoria Sparks, who is the Ukrainian American sole representative Republican of the Ukraine people on the floor. And I do believe that regardless of any discussion or doubts of the $100 billion that we have donated or given to the Ukrainians to defend themselves, we will at the end vote, at least my vote is secured, to continue with the Ukrainians until they win. The United States saved Europe. And you know, I'm very aware that the Ukraine, the situation is very important for this part of the world because we are here in Switzerland. And it puts things into perspective that for the Europeans, this is a very important issue. For the United States, it's an issue that we're going to repeat the same thing. We're going to liberate Europe, quote unquote, in 2023, just like we did in 1945. We understand that that is our duty, although there is some doubts in some members of the GOP on the House if we should continue because we have so many issues that we need to pay attention to at home. And one of them is immigration. So I just wanted to use this opportunity that I would love to work with Senator Sinema and with the other senators on the House because I agree that immigration is one of the major problems that we are facing on our shores. There's no way that the United States can continue being what it is, the most important power in the world, the number one economy in the world if we don't have hands. And I represent the Hispanics, which are the largest minority in the country. We're 23 percent. And the overwhelming majority of the people who are crossing the border as we speak are Hispanics, Latinos like I am. And this nation, and I believe that people like me in Congress should be the ones telling the rest of the political elite that it's time for both parties to pay attention to something that for the last 35 years, either party has been able to do, which is to pass complete overhaul of the immigration system. Because not only we need those hands, like the Congress, like us, a senator was saying, but we need to also give dignity to those people who are in the country. And those are the people that I represent. We're talking about 13, 15 million people who are most of them Hispanics, I would say 85 percent, who speak my language, look like me, and sound like me, that are contributing with the economy of this country and they live in the shadows. So it's time to seal the border, like she said, put order, let's see who comes in and who doesn't, and then turn around and give dignity. That doesn't mean path to citizenship. That means to include them and make them dignified members of our community. Thank you. Just a short question on this, seal the borders, since you also have a Cuban background. If there are Cubans then fleeing from Cuba, shouldn't the U.S. receive them if they're fleeing from also political persecution and all this? And in a system where you should pick and choose, where does this with political difficulties? You know all the Jews that came to the America and seek to also protection in the run-up to the Second World War, you receive them all and I think it's gone pretty well. Yes. I represent the city of Miami, the heart of the Cuban exile community. So that is the question that we face every day. The United States laws say that you have to go through due process and not only the Cubans, but the Venezuelans and the Nicaraguans are confronting the same thing that the Cubans are, socialism and communism. And I do believe that we have to give due process of law to those people who are running those tyrannies and incorporate them and accept them into the country if they do face persecution. Thank you. A short comment from Senator Kunz and then I go to Congress. Just a matter of history. Shamefully we did not welcome all the Jews fleeing Nazi Germany. In fact, there's a famous incident in a case of the SS St. Louis that sailed up and down the east coast of the United States being rejected over and over and ultimately most of those passengers were forced back to Germany. Many of them perished and it was because of that experience that the United States helped lead the development ratification of a global treaty that says we have an obligation to allow those who are seeking asylum. So I just want to say to my friends and colleagues, the senator and the congresswoman, we have a balance we need to strike between having a secure border and being a nation to which people come to seek dignity and redemption, a chance of freedom and getting that balance right where we have a humane system that allows for asylum but that is also legal and regular and orderly. That's a tough balance but with leadership such as they've shown I'm hopeful that we can achieve that. So thank you. I'm going to go to the two congresswomen and then we're going to go to also the Garners where the real stuff is happening. We'll just have to go the round in DC first. I just wanted a short question to you congresswoman Salazar before moving to congresswoman Cheryl. We know that it took a little bit of time before David you chose the new speaker of the house. So a couple of days or whatever. What has that led to in the caucus, the GOP caucus? Has it changed anything? Is something broken? Do you think this can be reconciled? Do you think this will lead to a different GOP in the house in the two years to come? Listen it was three days. We were very tired, very frustrated but I can say to you at the end that democracy worked. Democracy is messy. It's not always pretty. It's frustrating. Hey during the founding father years Madison was fighting with Lincoln and I mean I'm not with Lincoln without hey you know during that creating the Constitution things that's where years ago yeah like you know like 250 years ago plus slavery around sure but you know that the founding fathers just didn't like each other that much but look what the nation they created and the Constitution they put together so we're still we're still experiencing and I was there so I want to share with you an anecdote you can still see the American exceptionality coming up and flourishing. The Republican party under Kevin McCarthy is a new one because what he proved during those three very torturous days is that every faction within the GOP on the floor of the United States Congress is going to be heard including the freedom the most the most radicals the most conservatives including the moderates and the ones who are in the middle and so everyone on the GOP is going to be heard and we've had many conversations after those three torturous days that proves that we are going to be able to work in a bipartisan fashion and I'm going to make sure that I'm going to be one of those voices. No I think we don't envy Kevin McCarthy to keep that group together. I think that's going to be challenging but turning to you Congresswoman Cheryl you saw what was unfolding for those three days and I started to ask Senator Coons how he sees the possibility to get things done both in the House and in the Senate in the two years to come. Do you think that will that process will have a lot of impact on the environment for getting things done in the House? Well I think what we saw was there are really two ways this could go and one is somewhat dire for the country and one is really hopeful and by that I mean what we've seen over the past several congresses and this is not new is a reluctance for a speaker to work with members from the other political party so what I would have loved to have seen in this event instead of reaching out to the very extreme members of the far right if Kevin McCarthy wanted to strike a deal with the moderate members of the Democratic Party that's not something he did it it's not something quite frankly Speaker Pelosi was want to do reach across the aisle and I think as we've seen the nation pushing us ever more towards moderation and towards bipartisanship with these tight tight groups of people I mean the Senate was was 50-50 in the last cycle we had a very slim majority for Democrats now very slim majority for Republicans the nation's pushing us towards moderation and yet when you don't have speakers reaching across the aisle you have them beholden to the extremes of the party which is I think bad for the country and bad for the moderate center so if McCarthy chooses to continue moving forward with these extremists you know I'm very concerned about the debt ceiling and what that might mean for our ability to raise it however I think there will be opportunities for all of us in the house to work together to make sure that the the must pass legislation gets passed and and I think that could be really good for congress and really good for the country no thank you very much I'm turning then to Garner a camp of Georgia we know you well we've seen you a lot of on on tv all over the world during the last elections you were very clear on some principles you were a reelected a broad majority no of course there has been some reflections why the Republicans didn't do better in the House House election with representatives and a lot of the candidates that were election deniers were not elected any reflections on that because of your own background too because you came under some pressure but you you didn't really give in on that did you well I mean look I wouldn't want to try to speculate on you know every member every Republican candidate for for Congress or the United States Senate outside what we saw in Georgia my own perspective is I think the people of the state that I represent which is a great one they you know look they want us to know they want to know the differences between the candidates but they also want to know what we're for like what are they going to get the next four years and that's something that we just stayed focused on and I think when you look at the at the Republican ticket in the state of Georgia we've had two record years in a row economically our mid-year numbers will probably break last year's numbers if you take out the two big mega projects we had we talked about the things that we did on teacher pay raises on school security our two healthcare waivers even though a lot of the bureaucracy in Washington DC was trying to hold those up we had innovative solutions that are lower in private sector costs and bringing more access to people really pushing back to the one size fits all narrative that my opponent's been driving for literally six years now and I think people bought into that they bought into a politician that and I got this question at the end of the campaign a reporter said what's your closing message to people and I asked the question to the voters you know look at the candidates and ask who's been fighting for you who was fighting to keep your business open when all the pressure from both political parties from people in high places from a lot of other people that were sitting in their basement on a computer was not to stay open was not to reopen our economy who was pushing to get our kids back in the classroom well we did all of those things and you know we proved that we were fighting for people we were fighting for election security we were fighting for people to have a good paying job and to have you know to survive to live to fight another day economically in our state we fought for our people by giving them a billion dollars of their tax money back to help them fight through 40 year high inflation because in my opinion of a lot of bad policies in Washington DC and the voters of my state the great state of Georgia certainly responded to that thank you governor and who does it look seeing it from the capital your capital and looking at DC there's a lot of partisanship and of course there will be disagreements in the democracy but do you think it has gone so far that it can be a negative factor for america now moving forward well listen I think from my perspective a lot of frustration with Washington DC I understand you know senator coombs position on the IRA but you know that hurt Georgia based electric vehicle companies in our state it was not treating them fairly I believe the legislation picked winners and losers thankfully I think the administration is working on on fixing that I don't think we were treated fairly in a state because we had been open we had a low unemployment rate so the level of funding coming out of Washington DC and the current administration we were treated differently from New York and California you know their citizens per capita were getting more money than ours and so that's frustrating to some someone like me as the governor that just wants to be have our citizens treated treated fairly you know there's frustrations quite honestly look if there's gridlock in Washington DC one thing you can count on is the stability and a great economy and great business environment in the state of Georgia and we're going to keep rocking and rolling but it is frustrating to have to deal with the fentanyl crisis because we simply cannot secure our border in this country and I'm hopeful that something gets done but you know my advice take it for what it's worth while we're waiting on that just secure the border I mean literally every governor in the country is dealing with the fentanyl crisis we're dealing with street gang crisis we're dealing with human trafficking crisis and those are the issues that we're trying to tackle at the state level but I believe much could be solved and I think there will be broad bipartisan support for simply in the meantime you while you're working on these things to secure the dang border thank you garner moving to Illinois garner frisker also reelected second term increase your majority also and overall and we know that you also for this reelection you were out there saying that Illinois should be 100% based on net zero or renewables by 2050 was that something that was well received during your campaign extremely well received and in fact we passed a climate inequitable jobs act for the state of Illinois which is significantly increasing our focus on clean energy for we're actually going to be fossil free by 2050 in the state of Illinois so we are making significant progress and I think in that vein I want to disagree with democrats and republicans across this panel on something there was a lot of talk about the desire for bipartisanship I think that certainly if you ask the public do you think that congress or that state should work in a bipartisan fashion the answer is yes but what they really mean in my view is they want to get things done and let me say about the current president of the united states he has gotten things done now he has worked with some reluctant members of his own party he's worked with some reluctant members of the opposite party but we have gotten things done for the united states at the federal level under this president but the truth is not enough not enough and so at the state what are you missing well I think at the state level I think the governor would agree with me that look the people of our states want us to increase jobs grow the economy you know make sure that in my state people want to ban assault weapons we just did that protect a woman's right to choose we just did that those are not happening at the federal level and should but we're doing it at the state level and and it's true also about building our economy we have a we just passed a trillion dollar GDP for the state of Illinois where the fifth state in the country to do that but we're doing that with some help from the federal government but frankly we've had to chart a course and set an industrial policy essentially for our state how are we attracting business I think the same is true for Georgia we compete with Georgia on some you know important industries the film industry you're doing very well we're coming up behind you in the film industry and and want it and we'll be exceeding you soon but but but but the point is that I think people want to get things done and especially for working families for you know creating jobs yes so businesses benefit but also just lifting up middle class families and working class families and people who rely on government and that's something that again I think at the federal level for the last two years a lot has gotten done getting past the pandemic is is a major you know talk about you know saving the economy and saving lives we did that the federal level we did that the state level but it's about getting things done for people saving lives and building the economy for those of us that observe the US from outside there were a lot of speculations around the elections to the senate and to the house but also on the different states it didn't really go totally the way that was expected is has there been like a change in the site guys in the US you know things goes a little bit up and down because it was very partisan and then you saw some candidates that were less partisan maybe did better than expected and we know that this has gone gone in waves in the US also in the past do you think things are changing in that respect also in the run-up now to it still feels very partisan to me I must say even though once again you know we find ways to work together to get things done but but and you saw that again over the last two years but it is very hard I mean especially when you have people who deny reality who are holding office you know I mean literally people who are you know believe in space lasers and you know sort of have strange we know about it yeah yeah and have very strange views about you know about what we ought to be doing as a country there's still our people in the GOP caucus who are very pro-russia and I I I wonder about that in this day and age in this moment I you know it's not being critical of all republicans but I just don't know where that stuff comes from other than QAnon and I don't know let me just say real quick the american people basically I think are tired and very very upset with how the operations have been going whether it could be in extreme states or extreme congress that we have the problem that we have is the open press system and basically all the platforms so if you're able to have five platforms social platforms that you can basically personify the extremes somebody who is extremely right or extremely left and it seems like that is the majority speaking they're not the majority but they're basically driving everybody to make a decision what side are you on you on this side or this side and in america there's only one side the american side it's not the republican side or democrat we should be coming together to solve the problems from a different angle but the problems are the same but the bottom line is we don't we try to basically put blame on that's your problem that's not mine so it's your fault that's not who we are our democracy will correct itself the public and constituents will command that and demand it that we correct it and come back to that sensible center so a short comment from a center of cinema and then I go to center because since last time we met you you become an independent that's correct happened that same day or the day after didn't it so as folks know I have declared formally declared my independence from what I consider to be a deeply broken two-party system those who know me know that I was always an independent voice and always have been for the things that I believe in and for my state and for my country but I do think it's important to note that the that what you've heard about partisanship I believe is accurate you know in the in the last two years we we think you know January 6 which is a horrible day from two years ago created I think concern and fear for every patriotic American across the country but in the resulting two years the Democratic Party shared a narrative that said we would not have any more free and fair elections in this country if the United States Congress didn't eliminate the filibuster and pass a massive voting rights package as you as we all know the filibuster was not eliminated Joe and I were not interested in sacrificing that important guardrail for the institution that massive voting rights bill was not passed through congress and then we had a free and fair election all across the country and as has been noted the outcome of that election was different than many people expected most election deniers lost across the country and individuals of both political parties some extreme some moderate one so we had a free and fair election so one could posit that the push by one political party to eliminate an important guardrail and institute in an institution in our country may have been premature or overreaching in order to get the short-term victories they wanted then we fast forward to where we are today and we saw the House of Representatives struggle for multiple days in the in a row as Kevin McCarthy dear friend of mine had to had to continue conceding point after point after point to the radical right of the GOP to a point where he's now an unenviable position that will make it very difficult for us to meet our obligation when the debt limit fight comes up later this year those are just two examples of the poll that you see political parties giving in order to get everything they want rather than to recognize that the heart of a democracy is not just collaboration and working together it is compromise it is getting a lot done but not everything you want done and so I think that there's actually a really big opportunity right now for our country to have a reckoning of sorts and to see that perhaps these polls that are happening in the parties as Mikey mentioned neither speaker has ever shown interest in recent years of collaborating with the moderates and other parties because they go on my way or the highway did Pelosi did it McCarthy is doing it this is this is not healthy for democracy so I think that this is an opportunity for us as as a country to look back and say is this partisanship serving us I would posit to you that it's not and so while some would say that there were reluctant folks working in Congress in the last two years I would actually say that that was the basis for the productivity for some incredible achievements that made a difference for the American people in the last two years and we still don't agree on getting rid of the filibuster that's correct thank you I was thinking about uh congresswoman uh Cheryl you I had only one question to you and I we know and at least I know you also have a quite a distinguished background from the from the army I think you even have been a helicopter pilot for the US Navy and we did speak about Ukraine we saw Afghanistan pull out we have seen now that women and girls are not even admitted to universities or schools anymore when you look at the US Army with your background and also the challenges the US is seeing from different parts of of the world do you think that US will continue to keep an army of the size you have today because as I started to say 45 percent of the global military capacity is from the US or should Europe for example be ready to take a bigger share of this for ourselves I'm a member of the House Armed Services Committee and I don't think you're going to have anyone on the House Armed Services Committee suggest that Europe should not be taking on a larger share of of the defense community but Europe is I think what we're seeing now for the first time really for some countries such as Germany really getting heavily infested in the war for democracy and supporting Ukraine we've actually seen though that's not just limited to Europe what's going on around the world I was just hearing from a gentleman from Japan about the recent diplomatic relationships and the military relationships going on and building up Japan's defense base but also in concert with South Korea longtime enemies really so we're seeing people coming together around the world in an understanding of how important it is with this global realignment that democracies come together to make sure that our our defense is strong really in order to provide deterrence against another Ukraine and I I just want to thank the Ukrainian people for their hard fight I see Sasha and the audience who's done such a wonderful job a member of the Ukrainian parliament we have had what I call shuttle diplomacy from members of the Ukrainian parliament talking to us all the time about what it's going to take for them to win this war and the support from the United States in conjunction with our NATO allies has truly been astonishing and I think really is a great scene setter for the future as we go forward together in supporting national security and deterrence well thank you so much and I think it's significant what you underlined when the third and fourth largest economy of the world Japan and Germany is deciding to go from 1% of GDP to 2% of GDP to defense that's a lot of defense so I think the message is also received before I go to EU center Kunso we have to wrap up this thing and I think people at least I enjoyed it a lot I learned also a lot but what I learned from politics myself you should end when people still wanted to go on and I think I look at the audience I think we're still there I just want one question to you Garner Fritzker because you also have such a distinguished business background what we are looking at the US is you know inflation is starting to know go down for the first time we see there is still growth the feeling and what we hear here in Davos is that the Fed was very late in increasing interest and no they're very late in internalizing that inflation is on this way down is that something that you share well their aim is to bring it back down to 2% as you know but I have to say my expectation is that that will take a very long time and that we can't rely on you know raising interest rates until that happens that if you want to see a massive recession that's what it would result in but who can change that the inflationary target then well what I'm suggesting to you is that there will be a reduction continuing reduction of inflation but it's not going to head to 2% in the near future but I do think we're going to have to live with a slightly elevated amount of inflation just it's the nature of things look at the rest of the world I mean it's not that we're the only nation in fact we're probably at the lower end of most of the developed world anyway in terms of inflation at this point but I'm optimistic I am I think that that the US economy if we I don't know whether we'll get to a recession I'm certainly hoping not although we have to plan properly for that but but my expectation is that it will not be a deep recession if there is one and that business is though it may be moderating we're not going to see a major dip and we're not seeing massive job losses in fact there's still huge demand for labor and that is unfortunately one of the things driving inflation I saw Senator Coons that you seem to agree Governor Pritzker on this and but but inflationary target of 2% that is set as a target for the Fed is something that's politically decided I guess the senate or or or the house could change that to 3% or 2.5 you know China is not exporting deflation anymore so I do agree that I'm optimistic that if we have a recession it will be relatively light the independence of our Fed is a key part of our economic system and they have over many years managed our economy and our banking system and our money supply relatively well I do think that one of the things that continues to make the American economy strong and robust is innovation our commitment to being a free and open society and economy one that welcomes people of talent and people in need of asylum from around the world but frankly also our global network of alliances those countries that closely share our values that have been our partners for decades I think one of the strongest things that President Biden has done in response to the aggression of Russia and Ukraine is to work closely with our allies around the world not just in Europe but also in the Indo-Pacific and I think in the coming two years we'll see even more progress as you mentioned Berga both Japan and Germany are significantly strengthening their share of the defense burden I also think Chancellor Schultz had called for a climate club and we will begin to see some positive movement in that direction if the United States can learn some lessons from Switzerland from Germany about workforce training and skills development and we can find a way to move past some of the disagreements over the moment that are resulting from our current climate ambition I think our partnership our alliances will be stronger than ever and I think we have a very bright future together thank you so much I I I'm after listening to this panel we see there is so much competence in the U.S. government it's been a pleasure to listen to you you see it's late and that was this this slot at six o'clock is a tough slot but you made it you see people are still here they getting late to their dinners but I think we're all so interested in where America is heading and thank you so much to the panel they deserve a big applause thank you so much


But if you did have to compare and current you to that original version of you, what would you tell that person? I suppose that hasn't so eager to get into trading, maybe for the wrong reasons. What would you tell them to go away and think about and learn before they started? Self-inventory is the key.  I, you know, when I started out, I was ill-disciplined. I was, you know, like I said, thought I was invincible because I've had, you know, early success that comes with its own set of issues.


Global Director of Industry and Equity Analyst at CFRA. And Melissa Armo, founder, owner of the Stock Swoosh, both joining me now. Melissa, I'll start with you. Do you like the financials? Because the group's been doing well, betting on the higher rate environment. Are there certain names that you like more than others? And why? Well, I wouldn't go long hearing, even though the banks are rallying today, the spy is rallying today as well. JPM's just off the highs. Goldman Sachs is just off the highs. But I would wait until after the earnings. All of these report earnings in about three weeks. The second week of April, I think JPM is April 14th and all those banks usually report that same week together. They start out second quarter earnings season. I would wait until after they report to see how they gap. Do they gap up? Do they make new highs or do they fall? The banks have had a nice rally. I'm not so sure they can continue it. Don't forget, the eviction moratorium ends in just a few days. And unless the Biden administration decides to extend that, you can have a slew of loans going into foreclosure. And I think that you're gonna see that reflected in the bank then. Right. Ken, let me ask you over at CFRA, you'll tell us where the buys are. We're strong buys even. I was talking with the trader on Wall Street, just saying how he thinks the banks are going to do so well in this quarter because of the trading frenzy that we have seen. And new folks investing, so many new accounts as everybody gets in there and they're trading and trading in, that it's gonna bode very well for banks coupled with the rising rate environment. You tell me. Yeah, that's a great way to set the stage of what can be new to drive these stocks higher. The banks in the financial sector, outside of energy has been the best performing sector on the reflation trade over the last three months. We're there. Bank stocks are up 25, 30%. Those who can participate in the capital markets have greater chance of an earnings fee and delivering a better outlook ahead. Capital markets, of course, IPO proceed $100 billion of IPOs and SPACs done. Equity trading everywhere in the capital markets remain strong and we have conviction for all of 2021. The rub, it would be for those most banks still at risk for the rising rate scenario. And even with rates moving a little bit, net interest income year over year will be down. It will be negative and loan activity coming from small business or even consumers probably will begin to get a little bit better until the second half of this year. So that means capital markets is the way to ride the wave. Goldman Sachs, we have a strong buy. They're also gaining wallet share from their direct competitors. And we think their new strategy to expand it to the mass market gives them added source for growth. So we like Goldman. Melissa, oh, sorry. Okay, I wanna hear what you like. That's how I started the question. And so I wanna hear the answer in just a moment. Melissa, give me your thoughts as you hear what Ken's saying and I start to think of just not only banks but I think of credit cards and I think of FinTech and you wanna wait to see these earnings. What would you maybe buy into once you see how it's doing? What are you really waiting on? Well, JPM and Goldman are in uptrends. Wells Fargo's in a downtrend. So I don't think no matter what Wells Fargo does on the earnings, it's a buy. But if they continue higher, great. To be honest with you, I'm surprised that the rally that the banks have had they've helped to drive the S&P up to new highs. But I'm surprised if it's gonna last. We just had unemployment claims again today. It was less than expected but still an astronomical amount of people are out of work. A $1,400 stimulus check is $1,400. That's not gonna last. I mean, there's still a lot of people out of work. And I think at some point the market which has not happened to date is going to see what's really happening in the economy that we're not full blown open yet. And many people are still out of work. At some point that's gonna come to a whole degree. And it's gonna come to a fact where people are not paying their bills or not paying their credit card payments. They're not paying the mortgages. And don't forget the landlords. The landlords that have had no income coming in on some of the property that are going on to 13, 14 months. How many times can these banks review these loans and redo them and repackage them and extend them out? I think they're gonna call these and they're gonna call these loans, that's gonna be a problem. There's a lot of concerns about bankruptcy and default and things like that. Ken, tell me, I know you had Goldman Sachs, all-state black rock. These are the buys, strong buys, where are these? Well, we have sales too, but by the way though, these banks over reserve by $30 billion last year. So the risk of credit loan losses is kind of rear mirror. We're gonna see continued reserve reverse, which boost earnings. Anecdotally, that's great color about those who are suffering in a K-shaped economy. But banks really don't have the credit risk they had in the financial crisis. We have a sell on Wells Fargo, exactly for those reasons though, that we see negative net interest income and the velocity of lending will still be low for Wells Fargo has an asset freeze. We put it as a sell this week. Yeah, I think you're both making great points and those reserves, some have over reserved and some haven't. And I think I really am looking forward to earning season and hearing what they say on all these calls as well. Great conversation. Thank you both, Melissa Armo and Ken Leon. Thank you.


Four passive income business ideas for 2021, earn PayPal money.  I want to make passive income. And if you don't believe me, check this out right here. Some of the most popular searches on Google include, how do I generate passive income? How important is passive income? And what are examples of passive income? You know, it's so funny. People are searching something. They don't know what it is. They heard it so much and they know they need to do it, but they don't know what it is. That's funny. But you know what that does? That creates an opportunity for you. Watch this video to the very end. You'll know what passive income is, and you'll know how you can make it. Hey, don't forget, if you haven't subscribed before we get started, make sure you subscribe and ring the bell. Turn on all bell notifications. That way you'll know every single time I do a new video. Give me a thumbs up. That helps the YouTube algorithm. Now, as somebody who investigated scammers, and I did, I investigated scammers. I didn't know I was investigating scammers. When I started online, I wanted to know how to sell stuff online. So I started, you know, just like Googling, how do you sell stuff online? And I found all these different courses and ways to do it. And probably 99.9% of them had never sold anything online but a course. So it told me that there's no way that I'm going to learn anything from these people because they haven't done it yet. It has changed some. There are some really legitimate courses out there. I have several courses out there. You're welcome to check out. But there's some really legitimate courses out there, and you can learn how to sell stuff online. Passive income is not a scam. It's just that some people got involved in it because they saw an easy way to make some money and rip people off. However, there's a lot of passive income things you can do to make a tremendous amount of money. Now, I would say over my past 10, 11 years, 11 years of selling online, I've seen a lot of stuff come and go. A lot of stuff come and go. And I pretty much know what works now and what doesn't work. Now, that's not to say it's not going to change because it changes every single day, but I do know certain things that work.  Part one is the explanation of what passive income really is. Part two is going to be an explanation of why passive income matters and how important it is to your financial independence. Part three is going to be a quick overview of business ideas that other lists erroneously list as passive income and they're really not. Part four is going to be a look at the criteria used to classify a business, a product, or a service as passive income for the purposes of this list. I will say over the years, there hasn't been just one or two things. There's been a multitude of things that I've seen people do to earn passive income. So I do want to kind of prefix it with that. There's different ways of doing all this. And just because somebody is good at one thing doesn't mean they're good at another thing. I see this every day just because they can, you know, do affiliate marketing and make millions of dollars and then go to try and sell ebooks and they don't make anything, they lose money. That happens, okay? You're going to be good in some areas, not good in others. So sometimes you got to try out a few things that match your personality. What is passive income? Generally, it's defined as an income that you receive with little or no effort from your part. That's pretty cool. Passive income also is not proportional to the amount of time you spend on trying to earn that money. In other words, it can grow and grow and grow without you putting forth any more effort. Now active income would be like a job. An active income would be like a job where you go in from nine to five and you work five days a week and you know you're going to get a set amount of money. That's not passive income because you're actually selling your time for money. Now examples of let's say passive income could be like royalties earned from stock or photography or digital courses that you create. That's passive income because you did it at one point. You did some work at one point and it steadily pays you on a daily, weekly, monthly basis. It could also be a website that you've developed that sells different products that you don't have to maintain on a daily basis. It's kind of like on autopilot like maybe a dropshipping website that's integrated through AliExpress. Now what's really intriguing to me and that I love is that passive income is something that I can make money while I'm sleeping, while I'm going to dinner, while I'm traveling the world, while I'm hanging out with my family or playing with my dog and I'm still making money. That's what I consider a good passive income. This comes to the question and some people wouldn't even ask this question. They go, it already sounds pretty good JR. Why is passive income so important? Passive income is really important because everybody is limited on time. Everybody. Every person is limited on time. You've got 24 hours a day. However, you can always earn more money. If you have a set amount of money, I used to hear people say that and it didn't really click with me that there's really plenty of money out there, but there's not plenty of time. You've only got a certain number of years. That's it. And it's done. So if you could earn more money within those years without having to take time away from things maybe you enjoy or maybe you could take that time and put it into something else to generate even more income, that's the way to go. And that's why passive income is so important. Think about this this way. Time cannot be spent. It cannot be earned. It cannot be saved. It cannot be invested. You can't do anything with it except for whatever you do with your time. So I want to put this chart up real quick. Take a look at it. This is linear income versus residual passive income. Okay. Now, if you look on the left-hand side here, you've got active income trading time for money. So this would be an example of you have a job. Time is money. There's no leverage whatsoever. That's it. Okay. That's all there is. Now, the other type of active income is you own a job. You're self-employed. Maybe you own a hair salon. Maybe you own a car repair shop or something along those lines. So you own a job and time is still money and there's no leverage. Okay. It is what it is. Now, passive income on the right-hand side here, you've got a couple other things. Passive income not dependent on your presence. Okay. You own a business, but you may not have to necessarily be there. So you own a system and then you have people that can actually work for you. So people equals money and leverage.  And then the last quadrant, that's where we want to be, right? Money works for you and dollars equals dollars. So the more dollars you put into it, let's say I run ads to go to an affiliate page and it sells a product and I get more dollars back. So what I'm really doing is investing dollars. I'm not investing time and that becomes passive income and you become an investor. You can maybe invest also in real estate or stocks or anything like that. Now, when you get into real estate that you're investing in, that you have to manage as a property manager, that all goes out the window because you're working again. Okay. That's saying that somebody else actually manages the property. Now, passive income is probably one of the most important factors to getting people rich. I know as I sit here and do this video right now that I'm creating passive income because this video can play on and on and on. More and more people can watch it. More and more ads can get played on it. I can get paid on it. More people can click below and buy my products, buy my courses. But I also know that I have passive income coming in while I'm doing this. I could look down on my phone now and I've made sales from my survival food company or one of my courses and I'm doing nothing for that right now. I'm actually doing this video. Now, here's a good quote. I love it. This is Warren Buffett. He said, if you don't find a way to make money while you sleep, you will work until you die, Warren Buffett. And that's very true. And I'm not saying it's bad to work till you die. I don't know if I'll ever retire. But the point is I don't have to. I wouldn't have to if I make enough money for my passive income. That's the point I think he's trying to make.  It's not. You're going to have to put in a lot of time and effort up front to reap these rewards. Now, the good part is later on, you won't have to. I've set up my survival food company and my courses to where I'm going to make money every day. You know, now I'm sure if I let everything go and I didn't touch anything and I never checked anything in a few months, some sales would go down. I'm sure of that. But I know for a few months I'd still have income if I did nothing. You know, if an emergency came up and I had to take off a week or two, things are still going to run. Things are still going to happen. I'm still going to make money. First off, you're going to say, well, this thing you're talking about J.R. in the beginning is not going to make me much money. Maybe it's only 100 bucks. But 100 bucks may not sound like a lot. However it is, $100 a month in passive income, you would need to make $30,000 invested at 4% to make $100 a month. Do you ever think about that? So it would cost you $30,000 in an investment that returned you 4%. And you know, savings accounts don't even return that right now. Now that is pretty optimistic because really with inflation, you'd really have to earn about 7% to get that back. You can't earn 7%. I'm sure some stocks go up that much. But as far as savings or money somewhere, it's not going to work. Now check out this chart right here. What I've done is on the left-hand side, I've shown you what $100, $200 of passive income is monthly and how much you would have to have in savings to earn that amount per month. So check it out. To make $10,000 a month, which I definitely make in passive income much more than that, you'd need $3 million, $3 million investment at that 4% to make $10,000 a month. So you can see this passive income is a lot more valuable than what you realize.  So they look at that and go, that's not much money. That's a tremendous amount of money. You've done something. You've really achieved something. Now, while passive income may not be the answer to all your problems, I will tell you this, if you get passive income set up, you're going to be a lot more comfortable in life and a lot more financially secure. Part three real quick, what is not passive income? Let's say if you had vending machines or a laundromat that you're going to have to service every single day, that's not passive income. Yeah, you're making money, you know, while you're going to sleep or whatever, but you have to constantly do maintenance on that. Real estate, rental properties, unless you've got a management company that handles 100% of everything, which costs you about 10% of your rent, you're going to have to do maintenance. You're going to have to do repairs. You're going to have to collect moneys. You're going to have to get a court. You're going to have to evict people. That's real work. Refinancing mortgages. People think, well, I made some money. No, you didn't.  That's far from passive income. Airbnb or rideshare stuff. No, no, that's a lot of work to manage that, to have that, to repair that, to do that. That is not passive income. So what is passive income? Number four is it's things that's recurring payments. I have some courses that are continuity courses where people pay 27 a month or 97 a month or 197 a month. And I get that every single month. That's passive income. If you can systematize and automate all this, which I do through emails and constantly have people adding income to my passive income, more people paying a month, more people buying a month, and I have that all automated, which I do. That's what's called passive income. Real quick, I'm going to give you a list of comprehensive passive income ideas. First one, stock photography. You can sell that. You can sell stock photography and make money on it. Next thing up, next thing up is writing a book. That can be good passive income because it can continue to sell as you are sleeping, as you're traveling, as you're doing whatever. Next one is creating online courses. I love online courses. I have a bunch of them. There's the courses sell all the time. I make money all the time. Some of those courses I made two, three, four years ago. Next thing is affiliate marketing. I have links in this video right now. People click those links. I make money on those things. The people don't have to pay anymore.  People click it. That's a passive income source. Now you know what passive income is, what it isn't, and some ways you can do it. I highly encourage you to try some of these ways. If you have questions, put those comments below. Feel free to ask me. I'll be happy to answer any questions you have. Do me a favor. Subscribe to the channel and ring the bell. Turn on all bell notifications when that bell pops up so that I can notify you every single time I do a video. Give me a thumbs up. It really helps the YouTube algorithm. Thank you so much for watching this video. I'll see you in the next one. Don't forget to subscribe to my channel and click that little bell right there so you can be notified every time I do a new video. Also, click on one of those videos there. Keep watching on my channel.


Snacks. These are my snacks. Snacks! Hi, I'm Eric. I'm the general manager for the Spruce Eats. I am a dad of three. Today, we are going to taste the best Trader Joe's Kid Snacks. I'm gonna take you through my 10 favorite snacks. I'm gonna give you a rating on coolness, easiness, and nutritiousness. So I'm gonna taste them, and then my kids are gonna taste them. I don't wanna eat that. So let's get at it. They are not the most nutritious thing you could give your kids. They do have a lot of sugar. It needs a beverage if you're gonna eat it.  On easiness scale, five being the easiest. This one is pretty much a five. I mean, it comes individually wrapped. You drop it in your pantry, drop it in a lunchbox. On the coolness factor, five being you're the most popular kid on the playground. It's probably like a two because every kid knows about this. Five being the most nutritious. I'm gonna give this a three. So there are getting some vitamin C out of eating this thing. I like it. You like it? I like it. I like it. It's good. Put it in my lunchbox. Emma, would you put this in your lunchbox? Yeah. I am really excited about this one. They're like, what are those long skinny cookies called? I don't remember their names. You know, they're the long skinny chocolate ones. If you remember the name of those cookies that I can't think of the name of, please let us know in the comments below. This, how can this be bad? Let's see. I mean, this is a peanut butter and jelly. It's like just a little bit of crunchy. I gotta like crunchy peanut butter. For easiness, I give this guy a five because they'll put it in the recycling when they're at school and then I don't have a mess to clean up. I think they're pretty cool. Like it is, it's like the perfect sort of peanut butter and jelly vessel in snack form. In the nutritiousiness, we're gonna go right down the middle on this one and give it a three. This is 100% pure kid's snack. I would definitely have this in my lunchbox. It's good. I'll put it in your lunchboxes. Yay. When you go back to school in three months. A mixed bag. So they got salt and vinegar, barbecue chips, ketchup flavored, dill flavored, and they're all mixed together so you never know what you're gonna get. The flavors of summer. I'm gonna have to stay true to form and give this one a three because I do have to put this into another container. Most kids, like, they're not gonna think you're that cool for having potato chips. I'm gonna give it a three because visually, like, yeah, how's a kid gonna know how amazing these taste? For myself, I have to give them a one because I would eat the whole bag, but for my kids, I think this is like a three or a four. These are a fine, acceptable, semi-not-bad-for-you snack. Well, I have these in my lunchbox. They're very delicious. They're all in my lunchbox. I have the best. Mini, mint, ice cream, mouthfuls. I know in advance that these are gonna be good because I've probably eaten about 100 of them in my lifetime. I mean, if we're talking about kids' school lunches, it's a zero. You cannot give this to your kid for a school lunch.  They're cool, ha ha ha, because they're ice cream. I think I'll give them a two on the nutritious scale.  Sweetened, dried, orange slices. A lot of sugar. I think it's worth it. It's worth it. I mean, I guess I want everything individually wrapped, which maybe is not that practical, but I'm gonna give it a three. Coolness, now this, I think it depends on how cool your kid's friends are. If they're willing to try it, they're gonna love it. So I'm gonna give it a four. It's got all the nutrition of an orange slice, so it's high in vitamin C. It's got all the vitamins, but it is pretty high in added sugar. I mean, it's really good. Would you want that in your lunchbox? Not really. Not at all. No. Not at all. Too dry. For kids, I imagine this is all about dunking in milk, unless your kids drink coffee, but whatever, they can do whatever they want. Looks like a banana. Perfect for dunking. I think it's gonna be really good if it was dipped in milk. I will have to put this in a Ziploc bag and then yada, yada, yada. If your kid is on the playground with these and some milk, like every kid is gonna want one and dip it in there, I'd give it a four. And then nutritious factor, it's just a plain old cookie. So I give it a two. Whoa. It's good? Really good. Trader Joe's Chipotle Black Bean Dip. Oh no. I can't do it. Here, can we just pretend like I'm gonna open it? Cause I feel real weak. So easy to open. Kids who are willing to sort of explore flavors a little bit will really like it, but it's not spicy. Not only do I have to put this into a different container, but I also have to give another container for dip worthy things. I'm gonna give it a three. I don't think that this brown dip is cool at all. I'm probably gonna give it a two. No kid is trading this high in protein. It's got a lot of flavor. So I'm gonna give this a four in nutrition. It's kinda spicy a little bit. Who wasn't that spicy? Then I think I would have liked it a lot more. I don't want it in my lunchbox. I do. You didn't even try it. No, this.  You know what? Those are really good. Let's say, you know what? These aren't even a three.  You're probably not the coolest kid on the playground if you have these. Probably a two or a three. Also, they don't really have sugar. They don't really have too much fat. So like, they're a good snack. Like a good hold you over kid snack. They're maybe not lying when they say world's puffiest. I would eat it in my lunchbox but I will not sentence the world's puffiest cheese fruit. Dried apricots. They are not the most exciting thing but the thing about dried fruit that's really good is that it's sweet and it's healthy. I have a feeling my kids might eat these but they're not gonna be like, yay dad, thanks for giving us dried apricots. You're the best dad ever. That's not gonna happen. I don't know if that's over happened. Well, that's depressing. I'm gonna give it a three. On a scale of one to five for coolness factors, definitely a one.  For nutritious, I'd say it's a four. It's like, it's pretty low in sugar and it's got a lot of fiber. It's got vitamins. It speaks to me in a way and it smells really good so let's taste it. In terms of easiness, this ding ding ding, this one's a five, right? It comes out of the package, it goes in your kids' lunchbox. These are pretty easy to trade and I bet there are kids who would definitely be interested. And then in terms of nutritious, like it's just fruit and fruit juice. So I'm gonna give it a four too. Like this is a pretty good snack for a kid to have every day in their lunchbox. My kid's favorite, I mean, I think probably if I was a betting man I probably should have bet on it as the fruit walks into a bar. My favorite is a toss up between these oranges which I was so surprised, they are so good. And I look forward to them in a cocktail tonight. And these patio potato chips which I've loved since Trader Joe's came out with them. Do you have a favorite Trader Joe's snack for kids that we have not mentioned? Please let us know in the comments below and make sure to subscribe to this Brucie. Bye.


Welcome folks, we have the Dow Industries right now trading down 288, Nasdaq's up 18, S&P's down 13. Gold. Gold contract down $5, trading at $17.82 an ounce. We have Silver down $0.35, $20 flat out, LightSweep crude up $0.71, $0.94, $0.60 a barrel, notes and bonds. Now this is going to really get an interesting man, notes and bonds are up and then they got slammed. We have a 10-year down a full point plus 7 ticks at $120 for the 30-year up, down a full point plus 24 ticks at $142.31 and $king dollar. King dollar right now is up $7.88, it's on the run again, you're at $106.41, the Euro is at $101, the yen is at $132 and the British pound is at $121 to $1 US dollar. What you have out here folks, you got a market oscillating, it doesn't have the strength to go higher. Bottom line, I expect you're going to get some kind of a pullback here. Take a look at the spy, the bottom line is that you know Friday we had volume of $87 million yesterday was $69 and today is going to probably be around $69.2 and it can't hold price so I suspect you're going to, see if you're building cause in order to break the first June 1st level right now, what you would see folks is you'd be pushing with volume not with lighter volume so that's telling me it's going to back down a bit. MDX 100, same type of setup inside the MDX. Bottom line, you got the Q's, the Q's right now at $39 million, Friday we did $57, yesterday we did $46, it's going to be better than yesterday but you're not holding price, that's the bottom line. The high of yesterday was $318.81, you got the $318.54 today so it's showing that it just doesn't have it to get up and over the highs. We go to the doll, let's take a look at the doll, so the correlation no doubt today, dollar up, market's having a tough time holding price and let's just go look at this cause what we don't want to happen is $106,792, okay it's not there yet, the $106,792 that's the bad benchmark man but you know the way this rejected flat out the $105.49 today and the beginning of that move was $105.05 so you know you make the case that it came back to the breakout area, rejected lower price and you know now wants higher price once again so that's going to be a problem for the market because the bottom line is that you know that dollar goes higher, the market wants to go lower, that being said you know we're teetering like I don't expect you know something like disastrous but I expect that we are going to see a pullback, stay right there folks, come right back.


This is the Late Round Podcast with your host J.J. Zachariza. Buy Karrion Johnson. In the two games since C.J. Anderson was cut by Detroit, Karrion Johnson has seen 80% and 78.8% of the Lions running back brushes. Before that happened in the first two weeks of the season, those numbers were 57.1% and 50%. That's a significant difference. And that's led to more volume on the ground for Johnson. He's seen at least 20 attempts in each of the team's last two games and without C.J. Anderson there, Johnson's been the clear cut goal line guy. He has five goal line attempts over the last two games. Now, I will say that his 6.7% target share is a little bit worrisome right now, but the secondary numbers are still pointing in the right direction for Karrion Johnson. And the reason to buy right now is twofold. The first is that Detroit gets Green Bay in their next game and Green Bay has been awful against running backs to start the year. But Johnson also has a buy this week. If you're sitting at 4-0 or if you're 3-1, Johnson is the perfect target for you right now, especially if Johnson is on a team that's struggling because he has a buy this week. That team might need help through this buy. If you're 4-0, you can take the hit. So I think Johnson's a great buy candidate right now because of that, because of the matchup, and because of his usage.