Afternoon podcast 9-8-26

Rob Black (0:00)

Welcome to the afternoon Rob Black Show podcast, a guaranteed human podcast, which can also be heard on AM 1220 KDOW weekdays at 5 p.m. and on 860 AM The Answer weeknights at 11 p.m. The views and opinions expressed in the program are not necessarily those of this radio station or its sponsors and should not be construed as legal tax or investment advice.

SPEAKER_2 (0:22)

You should always consult the appropriate advisor before making any financial decision.

Rob Black (0:25)

All rights reserved.

SPEAKER_2 (0:31)

Now, new focus on wealth, new focus on wealth, get a new focus on personal finance, wealth management, Wall Street, and the economy. Now, Rob Black.

Rob Black (0:44)

Let's start with something kind of humorous. Following their Emmy win for outstanding animated program, South Park is making one big change.

Creators Trey Parker and Matt Stone announced that, quote, inspired by the bravery and patriotism of Apple and Google, we are changing the name of South Park to South America. I think that's kind of funny. When you see Trump wanting to change New Mexico to New America, Lake Ontario to Lake America, the Gulf of Mexico to the Gulf of America.

SPEAKER_2 (1:16)

They took our debt. They took our debt.

Rob Black (1:21)

I think humor is so important to balance the world.

They went on to say, we especially want to thank our parent company Paramount, which is a Skydance compitulation company.

How do these guys not get fired?

Skydance compitulation, the 29th season of the award winning series will premiere September 16th at 10 p.m. Eastern Pacific Time on Comedy Central. New episodes will be available on Paramount Plus around the world with next day availability in the United States, Canada and Australia. I've followed these guys very, very loosely in the last 15 years, but very religiously in the first 10

I was younger. The humor was always on point. It was a reflection of not politics, but when politics turns into mainstream conversation as it has today. I think they're genius. And every award that they win from here on, I will give them an applause for. So the major stock market averages finish lower today. On Tuesday, it feels like Monday.

I hate holiday short-term weekends, weeks. I love the weekend, hate the weeks. Who do we blame? Well, we got to blame someone. Let's blame Mike the engineer. Nope, not going to blame Mike the engineer. We're going to blame oil today. Sorry. Renew geopolitical tensions have created a different backdrop for equities to begin the holiday short-term week. SP500 was down 6 10ths of 1 percent. The NASDAQ down 3 10ths of 1 percent. The Dow Jones and Nusselt-Earl average was down 1.2 percent. Whang! All negative territory. There's some pronounced health care weakness contributing to the blue chip averages under performance. The Russell 2000 down 1 half of 1 percent. The S&P mid cap 400 down 7 10ths of percent, tied towards interest rates. Crude oil remained a central influence throughout the session.

So the Russell 2000 is small cap companies. The S&P mid cap 400 mid size companies. They're not Apple. They're not Microsoft. They don't have billions and billions of dollars of revenue and profits to say, I can bankroll my own future. What they have to do is go down to the bank and go, Hi, I'm Steve from the local company that does, can I get a loan? It's a little tougher. And that's why interest rates are so important to small cap and mid cap companies. They're the companies, small cap companies that are biotech that are like, we have this plan where we've come up with this helmet that Rob can wear and it'll grow hair on his head. Plus, we're going to sell the cream and the batteries to supply it, to power it for the next couple of years after it runs out of the first set of batteries. And the bank would say, that's a pretty good business. People are losing their hair. People want to spend money to keep their hair. I'm going to give you a loan. Well, a loan at 4.8% is way different than a loan at 4% or 3.5% or 3% or 2.5% or 2%, which is where the small caps had the mortgage, not the mortgage rates, but the interest rates were a long period of time. So oil was higher today. It's at $93.02 a barrel. We're seeing an all time high on diesel. That's not good. $5.85 nationally, over $7 in California.

Truckers and this comes back to Smokey and the Bear and Burt Reynolds. You know, he got a free trans am like for every year, for like many, many years. And they finally said, Nope, we're cutting you off. But it was probably worth it because every time you see Burt Reynolds, you go and say, Hey, who's that dude at the Toupe driving a fast car? Burt Reynolds had a Toupe. Burt Reynolds Toupe was so bad, it sparked my game that I play at airports. When I go to an airport and I'm in a lounge or a bar and have to wait for another flight, it's Toupe or not Toupe.