We serve a customer base we call the middle majority. They or if you think about credit, which we are a credit centric bank, if you've got a lot of money, you don't need a lot of access to credit. You pay cash for car, you save up to send your kids to college.If you're on the other end of the spectrum, you can't really access credit. So there's this middle group that are high income, heavy users of credit so they can afford a car, they can afford to send their kids to school, but they need to use credit to ...

Well, I mean, it's a bit of a whipsaw effect because automakers during the Biden administration, when they really toughened standards, spent billions creating infrastructure for EV factories and battery factories. And all of that is losing the money now because President Trump has done away with the what he called the EV mandate. Right.He took away the 70 $500 consumer tax credit for buying an electric vehicle. But more importantly, he also zeroed out the penalties for not meeting fuel economy standards or ...

There's a wide expectation that the Federal Reserve Board might lower again in December. Do you have a view on whether if the Fed does lower it should be 25 basis points or 50 basis points as a president or do you have a view on what might be better for the economy. >> Well, I you know first want to say that that I have high regard for Jay Powell.I've known him for a long time. Have uh had economic conversations with him many many times during the last administration and this time too. I think at times he a ...

NFL Current State & Challenges - The NFL faces a landscape where the difference between teams is minimal, with quarterback health being a significant factor affecting team performance [1][2] - Increased injuries, especially among quarterbacks, are a major concern, contrasting with past eras where players like Roger Staubach and John Unitas rarely missed games [3] - Rule changes intended to protect players, particularly quarterbacks, have altered the game, but injuries remain a critical issue [24][25] - The game is considered more dangerous now due to the increased size and impact of players, leading to more concussions and long-term health issues [28][29] Quarterback Evolution & Value - Quarterbacks today need to be mobile and able to run, a contrast to earlier eras where scrambling was less common [22] - Modern NFL quarterbacks are highly valued, potentially earning $40 million/year for 10 years, creating generational wealth [6] - Patrick Mahomes is highlighted as an example of a mobile quarterback who has reached another level of play [22] College Football Transformation - College football faces challenges with the name, image, and likeness (NIL) rules and the transfer portal, leading to significant changes in player dynamics [13] - College players are now being paid substantial amounts, with some Georgia Bulldogs earning $3 million to $5 million/year [13] Business & Technology - Technology has greatly improved business opportunities, making it easier to achieve more [18] - Fran Tarkenton is involved with Pip IQ, an AI-driven technology strategy for small and medium-sized businesses, aiming to provide affordable solutions [8][16] - Tarkenton emphasizes that the mission of business is to help people, particularly small business entrepreneurs [17] Tarkenton's Career & Perspective - Fran Tarkenton's initial NFL salary was $12,500, which increased to $180,000 at his peak, a stark contrast to modern salaries [7] - Tarkenton has started 24 companies and remains active in business, driven by a desire to help others [16][17]

Regulatory Changes & Impact - Termination of CAFE (Corporate Average Fuel Economy) standards is expected to lower costs for American consumers and protect auto jobs [1] - The previous administration's CAFE standards were considered burdensome and expensive for automakers, both domestically and internationally [1][2] - The prior regulations, combined with electric vehicle mandates, allegedly caused car prices to increase by more than 25% [3] Market & Consumer Preferences - There is a perceived quest to end gasoline-powered cars, despite the US having abundant gasoline resources [4] - Consumers desire a variety of vehicle options, including gasoline and electric cars [4] Economic Implications - The previous administration's policies put upward pressure on car prices [2] - The current administration aims to reduce car prices and make them more affordable [1] Political Commentary - The previous administration's policies are labeled as the "Green New Scam" [3]

Election Analysis - Republican Matt Van Epps won a congressional race in Tennessee with the endorsement of Donald Trump and full Republican Party support [1] - While Trump won the district by 22 percentage points, Van Epps won by single digits, a margin Democrats see as a positive sign [2][4] - Democrats reduced the margin by 15 percentage points compared to Trump's previous win in the district [4] - The Democratic strategist believes the shift in the district is a positive sign for the party, despite not being a "moral victory" [5] - There are approximately 40 Republican House seats won by less than an 8 percentage point margin, making them potentially "gettable" for Democrats [6] - A Republican strategist noted that a similar shift left across all House districts could result in a significant "blue wave" [8] Impact of Trump - Approximately 10% or more of the Republican Party may not participate in elections when Donald Trump is not on the ballot [9] - The absence of Trump on the ballot could expand the competitive margin in districts, potentially by 10 to 15 percentage points [10][11] - Democrats are advised to focus on local issues and candidates who resonate with their districts, rather than solely running against Donald Trump [7][11][12]

Renminbi Exchange Rate and Policy Recommendations - The renminbi is at its weakest since 2012 in real effective terms, having depreciated about 16% over the past ten years [2] - The US dollar is at its strongest in almost 40 years in real effective terms, although it has weakened from an index of 110 at the beginning of the year to about 100 [2] - Exchange rates should be determined by market forces, considering fundamentals, interest rates, and capital flows [7] - Policymakers should consider a combination of monetary and fiscal easing to achieve both a stronger renminbi and escape the low inflation zone [14] - A modest appreciation of the renminbi is unlikely to hurt Chinese companies' competitiveness [16] Renminbi Internationalization - The renminbi is already a reserve currency as it joined the SDR basket ten years ago, but its share is still low at 2% to 3% [18] - The shift from high to low interest rates in China makes it cheaper to borrow in renminbi, favoring internationalization [20] - Further opening up access to Chinese markets for foreigners and vice versa is needed [21][22] - More Chinese bonds should be issued both domestically and offshore to supply safe assets [23] Consumption and Investment Strategies - Boosting labor income requires a strong job market, while transfer income has slowed due to local government difficulties [24][25] - The marginal propensity to consume in China has decreased from $0.68 to $0.66 per dollar earned, indicating cautiousness [26] - Both Hong Kong and mainland markets are good strategies for equity allocation, considering the global monetary reset [31][32]

There is though a real public backlash in some areas to that protest in LA this year, concerns in New York. When you do have a border police, you know, wearing the thing that says Motorola on it, how do you ensure that you as a company don't also get caught up in some of the political backlash that we see. >> Well, I trust our customers and uh, you know, ICE is a part of uh, Department of Homeland Security, Danny, we virtually sell to all of the agencies in Homeland Security.um they're a a key customer. So, ...

You can see shares of strategy popping a bit up nearly 7%. I can't say the same for American Bitcoin Corp. The ticker there is a BTC that, of course, was founded by Eric Trump. You had a story out today about the share move and it is staggering.Shares down about 39% at the moment. What's going on there. Yes, so American bitcoin there, a bitcoin miner that spun out of hot eight Corp and this was co-founded, like you mentioned by Eric Trump.Donald Trump Jr is also a shareholder and their main focus is just mi ...

Bitcoin is trying to bump up to up on the year and that's around 94,000. And then above that it's got $100,000 resistance. So it's got walls of resistance.So it might be doing okay, but it's reminding me of how human nature markets will never change. Like you mentioned with some other companies that just they get way too extended in bull markets. They expect it's never going to stop.And then one day the music starts, it stops playing, the tide goes out. And to me it's just getting started. So one thing that ...