! Music Music From Lea Wood to Liberty, you're listening to Mundo in the Morning on 957 FM, KCMO Talk Radio. S&P hit a record yesterday. I mean, it's been a heck of a 10-day run as the roller coaster ride continues in the markets. Charlie Gasparino, Fox Business Network is joining us on KCMO Talk Radio. All right, Charlie, what is your read on what's been going on the last 10 days in the market and why this is happening? Well, I mean, the markets, I think, are, you know, in a short term, it's not obviously the best predictor, right? It works off of headlines and sentiment at the moment. Long-term markets are generally much more of a indicator of where things go when it prices in all the information. So right now we're in a pricing mode. They're trying to price in, does the war end positively, does it end negatively? And there are signs that for all the negative headlines you read in the Times, even in the newspapers, in every newspaper, on just most business news networks, except for mine, there are signs here that are positive that we're going to control the streets of Ramuz. We're going to make sure shipping gets through there. The Iranian government is, for all their bluster, is reduced to a feudal sort of system with no money. They literally can't finance terrorism anymore. And all that together is a net positive for not just the regional economy, but the global economy. And that's where we see the markets sort of pricing in right now. Okay, so, okay, sorry, go ahead. A lot could go sideways. I mean, we're not through this yet. But this is kind of where we are right now. I'm not a cheerleader for Trump. I'm just saying that this thing is working out a lot better than you would think based on the mainstream media commentary, the hysterics on social media. That country, which was one of the chief sponsors of terrorism in the world, and just a pain in the ass for years and years and years, and just kills its own people, tries to kill other people. That country's been brought to its knees in reality. And they can throw, they can make a lob, a drone at ships every now and then. Yes, that might happen. But they are largely neutered. And by the way, with every drone they throw out there, there's one less because they can't produce them anymore. The country has been reduced to a prehistoric state, not prehistoric, but you get the impression that it's been neutered, so to speak, their production capacity. And by the way, if they can't sell oil, well, then guess what happens? China is in a real funk. So is Asia. We don't get our oil from there. It does have an impact on the global price, but we're producing a lot of oil here. If they can't sell oil, they can't find it. Even the mollusks like to eat, right? If there's one thing we learned from Osama Bin Laden for all, he's sort of stuck about being a devout Muslim. I think they found porn when they raided his compound and killed him. So these folks have sort of carnal and worldly desires as well. And so they need money to finance that, and there's no money going in there. So take me through, Charlie, then. What about the big tech side of this then? I mean, they were soft lately. There's some concern maybe on debt and leverage on the Mag7, the big stock side of things. How much is that part of the equation? And what do you think that looks like going forward? Listen, I think AI is still going to be a big spend. And these are companies with, I mean, if you look at Antropoc and OpenAI, they're not like public yet. They're going to have trillion dollar valuations. I mean, this is like a real thing. There's real spending here. And it's still going on, by the way. Now, other companies have to catch up like Oracle, which is kind of going through a transition right now as it adopts more AI than its old systems. And it's laying people off, and it's moving into AI very fast. And by the way, if you look at a stock chart of Oracle, for all the column inches we've seen about them being on the last legs, it's not so bad right now. I mean, look at a five-year chart of Oracle. It's trading pretty well, you know what I'm saying? I mean, it's off its highs, obviously, but those highs were pumped by its own rational zoomers regarding AI. But, you know, this is not a company that's signaling it's going to go out of business, just so you know. And it's innovating as we speak. So I think all these companies are very adaptive. They're run by really smart people. And there's a lot going on here with the U.S. economy aside from this war. Everybody's like, okay, so we're going to go into a recession when we're going to, you know, this war is going to be at $5 a gasoline. It's all over. That's not what the markets are saying. The markets are saying there's a dynamic economy. The markets are also saying it's not going to last forever. And remember, these things, markets are taking in more information than just the negative headlines. And Black is very positive on his earning school. You know, he hedges when he talks about the war. But on his earning school, he was talking about how he thinks the Middle East is going to be a driver of economic growth going forward. Wow. But you don't have a ran to be messing in the sandbox, so to speak, or a neutered ran messing in the sandbox. I mean, there's more money, you know, than a float to that area. I mean, by the way, they're going to have to build out infrastructure that circumvents the straight from moves. There's going to be spending in that. Now it's interesting if you saw like, Saudi Arabia is sort of north balling its golf league, you know, the L.I.V. Yeah, live golfs going away. Yeah. Oh, but why is that? I mean, is there like the Times positive there's a limit to money? Yeah, there is a limit to money because they're spending so much money on so many other things, including a city, including AI build out, tech build out. I mean, that's an easy one to cut. You know, I'm saying. Yeah. I got a couple minutes, Charlie. I just want to ask you to about tax day yesterday. Scott Besant, you know, highlighting what half of people got the increase in tax returns and, you know, you should look at adjusting your withholdings maybe because you can give yourself a natural raise because tax rates have come down for most people. How much do you think that matters and what's going on with the markets and the economy at large here in the next minute or so? I mean, I wish I could say that I was personally benefited from that because I just showed that a lot of money on taxes. But you know what I'm saying? I mean, I'm just I'm transitioning out of here, so to speak. But, you know, you know, I mean, I think it does help. Yeah, I really do. Particularly if you can show a address in Florida, New York or California. I mean, that's the whole thing here. People talking about, you know, all this gas price increases and everything. Look where it's hitting the most in these sort of stupid green states, blue states that adopt everything green. That's where, you know, to the detriment of their own people. That's where it's really hurting, having the most impact. You know what I'm saying? That's a good point. Well, Charlie, you're a Mizzou guy. You can always come right back here to Missouri. You got a home here. Tax rates are not as good as Florida, but they're trying to phase out the income tax here. So we'll see how that plays out in the meantime. Well, maybe I can get a sweet teaching gig at Mizzou and pay no income tax every day. There you go. Charlie, thank you for coming on KCMO as always. We appreciate the time and the insight. We'll talk to you soon. You got it. All right. Great job. Charlie Gasparino on KCMO Talk Radio 957 FM. They start screaming. It's hilarious. $60. Stacking Benjamin's. Follow and listen on your favorite platform. In America, you are going to love Vince.
