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Investor's Edge with Gary Kaltbaum — Socialism 101 [09.10.2026]. Machine-transcribed; use the interactive transcript above to jump the player to any line.
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This is Matt Rodgers from Los Cultures. This is Matt Rodgers in Bowen Yang. This is Bowen Yang from Los Cultures. This is Matt Rodgers in Bowen Yang. You know when people try a new food and suddenly it's like, okay, hold on. I got a new favorite food. That's the reaction a lot of people are having when they first try Cupid-Mayon. Yeah, it's the one with the red cap and the little baby on the bottle. You've probably seen it at the grocery store. And this mayo is different. Most mayonnaise uses whole eggs. Cupid only uses egg yolks, which gives it this rich umami flavor. It's smoother, deeper, almost buttery. Once people try it, they start putting it on everything. Egg sandwiches, fries, burgers, chefs use it, restaurants use it, people who really care about flavor use it, put it on just about anything. Then you'll understand. Cupid, the original Japanese mayonnaise. Investors Edge with Gary Cultbomb. Straight talk about you and your money. Now from the Biz Talk Studios, here is Gary Cultbomb. And welcome once again to Investors Edge. I'm Gary Cultbomb, your host.
Thanks for being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening. It is Thursday, September 10th, 2026. Minating, and we sound a little different today. We are emanating from Europe. Minating from Italy. Minating from Tuscany, Italy. Got done with a lot of business here in Europe a few days ago. And now I'd like to say, rest in relaxation for laptop screens in my little room here, watching markets, doing the things that I do. And of course, this radio show. So if we sound like we're in the tunnel, you can excuse us. We really have a ton to cover. And you know, we say that every day, but today a little bit more.
I am going to be Gary Blunt today. As you know, we always tell you we do everything here without any agenda, any ulterior motive or any bias. We always tell you that many years ago, we never had to talk about Washington, DC and the markets. We used to do the markets in the economy. But then we noticed, and it turned out to be, unfortunately, true. They've decided to be up our butts in ways we never imagined, leading to this guy running the show and will be very blunt and very cursed today. But anything we have to say, it is about you and your job, your industry, our future, the markets, the economy.
It all matters now because the numbers are obscene. And now, in more ways than one, the effect on the markets and the effect on your wallets, the effect on the intangible confidence that. And if you do not get this radio show in your city, we'll post it at GaryKate.com, we'll post it on our X feed. If you don't follow us on X, you should just put our name in. If you'd like to email us, just be nice, just be respectful. That's all you got to be. We can disagree with you 1,000% and vice versa and still be respectful. And if you like Hamas, if you like terrorism, if you're racist, if you rob the bank today,
we're not going to like you. So where do I start? Well cause and effect. Oil prices today. As I speak, have broken out above the highs of May, up $7 right now as I speak. We warned you. We warned you on several notes. Just a go. We said to you here, total and utter miscalculations, miscalculations by this administration on Iran. Line with the daily lying by this president on what's going on with Iran and the straight
of Hormuz. And that is a combination that we may argue on. You may disagree. But the market is yelling and screaming and you're going to see prices at the pump going towards $5. No I'm not making this up. So you made this agree with my thoughts, but we have been right about the miscalculations. To this day, he's lying about it. We'll read the news about the straights, about what the Houthis did today. That the president says they have no military left while they're bombing the crap out of our bases. A combination of miscalculation on a war and lying about it daily to the American public,
which means everyone around the world is a disastrous combination. And again, forget my opinion, $7 today, oil prices. I can also add what we've said to you. How to held you not fire somebody? Just remember, the president takes opinions of the defense department run by Mr. Heads Seth, who by the way, I've only met months, believe it or not, you know why I met him? In Jerusalem, he was filled with a documentary and I do this myself. This was many years ago. How is the headed defense department not fired? Somebody's got to tell me that. But back on point and you, you're going to see gas prices at five bucks.
If nothing changes, we're talking present right now up another seven bucks. If you look at the USO, it is an ETF, an exchange-trained fund, or whatever they call it. It is broken out of range today higher than the May high. This is bad news. Why is it bad news? Number one, what you're paying at the pump. Number two, the cost of everything. Go search the question, how many products are made with petroleum? And you'll see what we're talking about. It is by no accident. Some of the weakest areas of the market are airlines, cruise lines, transports, why, duh, spends, gas.
So that's the starters. A sheer and utter disappointment. A big failure, not measured by me, but by the markets. Promise you that counts in a very big way. I heard diesel prices up in California, ten bucks. So that's number one. And as we have said to you, I don't know how we extricate. And the reason I say that is because Iran doesn't give a crap. And they played the president like there's no tomorrow knowing about his elections. And I take no joint staining these, but these are facts.
And as I speak, it's about 233 pm Florida time. Market will close about in 90 minutes. Make it 87. Dow down another 400. S&P down 48. Nasdaq 173. Advanced declines another hard day. Yesterday was 3 to 1 negative. Today the New York is more than 3 to 1 to the negative. Nearing 4 to 1. Nasdaq's 3 to 1 to the negative. So I start with that. Bit of news. Sorry to say. And again, not only a total miscalculation, but just lying to the public on a daily basis about what's going on.
But we're not done. As we will talk market specific, but as you know, we have been telling you housing, housing related, retail, consumer areas, hotels, cruise lines, airlines, casinos, restaurants. I don't know what the reason is today today. They're clipping commodity types, copper, aluminum, platinum, palladium. Keeping down today in a very big way. Very mushy markets. They don't like higher oil prices. And let me repeat. Expect near 5 bucks. God, what California is going to be. Up next. But there's more. This is the one only investors edge. Hi, I'm Gary Culp.
I'm hosted a nationally syndicated radio show, Investors Edge. We're not just handsome radio people. We manage investors money for a living, specializing in fee-based discretionary money management. No bid commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs. All to assist you in achieving your financial goals. Understanding not all individuals have the same needs will carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complimentary portfolio review. The number to call is 888-422-5559. That's 888-422-5559. That's 888-422-5559. Investment Advisory Services offered through call bomb capital management. We can eradicate food deserts with this technology.
This is Hota Kotby from Joy 101 with Hota Kotby, and that was Jaleia Hemings. She and her husband created Norish and Bloom Market, an AI-powered grocery store, scan a QR code to enter, pick what you need, and walk out. Or as Jaleia puts it, tap, grab, and go 24-7. We started to get flooded with folks saying, hey, I need you in my city. It became their mission to develop a store that could open within three months, even without any infrastructure. Just when we were like, how are we going to accomplish the school? We won the AT&T Small Business Contest grant. That $50,000 got us over the finish line where we built the first AI-powered grocery shipping container in the country. For Jaleia, it's about building a legacy to show the world that you can solve any problem when you work together. Having the support of AT&T, the city of Atlanta, is huge. Look at how many people we've been able to help. Connecting changes everything. AT&T Now a quick vital break from our sponsor, Vital Proteins.
The US Open is so exciting, but it's also pretty stressful for the players. I mean, it's their whole job. But also for us, the spectators, we get invested. Not for nothing, stress is not great for your skin, which brings me back around to Vital Proteins, which is putting skin in the game, see what I did there, as the official collagen partner of the US Open and presenting sponsor of the mixed doubles championship. This is their second year of a new multi-year partnership, so they're in for the long haul. And it makes so much sense, because every one of these players out there has serious skin in the game, so it makes sense to take care of it. And Vital Proteins College and peptides help support healthy skin, as well as hair, nails, bones, and joints. And whether you're one of the best players in the world, or just someone who likes to watch the best players in the world, you can benefit. As we all have skin, hair, nails, bones, and joints, and we all start producing less collagen around 30. Supplementing with Vital Proteins College and peptides can help you look, move, and feel
your best. Plus, it fits right into your life. You can add a serving to your morning coffee, tea, smoothies, or oatmeal. It can go into whatever you're already having, and it dissolves easily with no weird taste, the no extra steps. Then you can sit down for a day of watching the US Open. I said, it fits right into your life. So when your favorite player is facing a final set tie brick in the quarter finals and feeling the pressure, and you're feeling the pressure too, you can rest comfortably. In the knowledge that your skin looks fabulous. Thanks again to Vital Proteins for sponsoring us. Learn more about collagen peptides by going to vitalproteins.com. These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease. Hey, it's Ryan C. Crest for Albertsons and Tom Thumb. Now through September 29th, save on all your favorite personal care essentials and earn four times the points. Shop in store or online for items from your favorite brands like Native, Pantene, Crest, Always, Gillette, Oral Bee, and Tampacks and earn four times the points.
Points can be redeemed for discounts on future purchases on groceries and gas. Get these deals before they're gone. For ends of September 29th, restrictions apply, offers may vary. Visit Albertsons, Vons, or pavilions.com for more details. And welcome once again to Investors Edge. I'm pretty sure when the show tomorrow, but just in case I'm not, a tomorrow amazingly unbelievably is the 25th anniversary of 9-11 and as I have stated to you many a time here,
I know exactly where I was, what I said. Hey, driving home. Wow, 25 years, almost like it was yesterday. If you have time, go re-borees of the firemen and women that were running up the stairs while everybody was running down the stairs to get out. Don't read those stories of unbelievable courage. You know, you never know how one's going to react at a time like that.
They all did their job. I hate to put in that context. I've been spending time today reading up amazing heroism. Amazing. We move on. So I guess the Republican Party is having some sort of convention for the midterms. And I gave it a title. Socialism 101. Donald Trump, I have stated this before and he proved it right big time last night is an
absolute unadulterated socialist and unfortunately a dishonest socialist. Socialism is about the control by government in many areas of this country, whether it's the citizens and companies, threatening the head of the central bank, threatening gas stations, you either lower your prices or else, threatening oil companies, you're making too much profits, you better give it back or else, taking dollars in donations to pardon white collar criminals, you and your family making billions of dollars in very suspect deals.
This after you ripped the buy family for their corruption, by the way, we did not excuse Biden's corruption, we ripped them good. So the president did two hours of a speech yesterday and lied for about an hour and 40 minutes and then proposed amazingly $5,000 to every adult. Vote for us and you're going to get $5,000. Well first let me tell each and every one of you, don't spend, he's lying. Do you remember the Dogey 5000 they were going to send you? No, you don't remember that do you because you never got it. There was also a tariff, was that 2000 they were going to send you? Nope, they did.
I'll check you in again from health care, not you didn't get it. This was socialistic pandering at its height, the highest, that's a word. And what's more than depressing is not just him, but others afraid to not kick his socialist arse and saying, oh what a great idea, horse crap. If that was a Democrat offering that a bribe to get votes, the Republican Party would be ripping the stuffings out of that Democrat. But now, oh what an idea. As we have told you, we left this party years ago because we saw the train coming down the tracks, it's getting worse.
The record, there will be no $5,000 check. It's even if they keep the house and send it, you're not getting it. It's a lie and it's tiresome. And don't get me started on the president's lies about 9-11, you can go read that crap too. Oh we're not done. The Treasury Secretary who we have told you is about as overrated as can be. All I keep here in genius, genius, so happy he's the Treasury Secretary. Well first off, if the Janet Yellen, I, uh, Scooby-Doo, let me give a quote from the Treasury Secretary. I am the house now talking about the bond market. Which takes us to the next part of the equation. First we did the oil, which by the way is still trading.
It was just up almost $7. It's up about 6 now. So it's moving back and forth. Well, you got the Treasury Secretary that thinks he's bigger than the bond market, which is trillions of dollars. It's buying up lawn bonds. And as I've stated, that's a fly on an elephant's arse. I hate to tell you as I speak right now. The 10 year yield is up over a stick today. 4.9. Yesterday it was 4.837. It is broken out of multi-year range. The five year yield is up 1.26 today at 4.738. 4. So you have a Treasury Secretary that doesn't know what the hell he's doing either and thinks
he's God. We already had one person thinking he was God and that's Powell with the illness, Powell itis that we still have the one-on-effects of the housing market from Powell. Now we have a guy that thinks he can control the bond market with billions of dollars. Up next. Outcome. And whatever else. Yes, we're being blunt today because we care. This is the one only investors edge. And now a quick vital break from our sponsor, Vital Proteins.
The US Open is so exciting but it's also pretty stressful for the players. I mean, it's their whole job. But also for us, the spectators, we get invested. Not for nothing stress is not great for your skin. Which brings me back around to Vital Proteins, which is putting skin in the game, see what I did there, as the official collagen partner of the US Open and presenting sponsor of the mixed doubles championship. This is their second year of a new multi-year partnership. So they're in for the long haul. And it makes so much sense because every one of these players out there has serious skin in the game. So it makes sense to take care of it. And Vital Proteins, collagen peptides help support healthy skin as well as hair, nails, bones and joints. And whether you're one of the best players in the world or just someone who likes to watch the best players in the world, you can benefit. Because we all have skin, hair, nails, bones and joints and we all start producing less collagen around 30. Supplementing with Vital Proteins, collagen peptides can help you look, move and feel your
best. Plus, it fits right into your life. You can add a serving to your morning coffee, tea, smoothies or oatmeal. It can go into whatever you're already having and it dissolves easily with no weird taste and no extra steps. Then you can sit down for a day of watching the US Open. I said it fits right into your life. So when your favorite player is facing a final set tie brick in the quarter finals and feeling the pressure and you're feeling the pressure too, you can rest comfortably in the knowledge that your skin looks fabulous. Thanks again to Vital Proteins for sponsoring us. Learn more about collagen peptides by going to vitalproteins.com. These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure or prevent any disease. Hey, it's Ryan C. Crest for Albertsons and Tom Thumb. Now through September 29th, save on all your favorite personal care essentials and earn four times the points. Shop in store or online for items from your favorite brands like Native, Pantene, Crest, Always, Gillette, Oral Bee and Tampacks and earn four times the points.
Points can be redeemed for discounts on future purchases on groceries and gas. Get these deals before they're gone. Offer and September 29th. Restrictions apply. Offers may vary. For instance, vans or pavilions.com for more details. Hey, it's Kelly Rowland. You may not know this, but I have Exema. So I get how it can steal your time. But why let Exema take over when you can talk to your doctor about Epglyce? Epglyce, Lebrichizmab, LBKZ. A 250-mg per 2-mg leader injection is a prescription medicine used to treat adults and children 12 years of age and older, who weigh at least 88 pounds or 40 kg with moderate to severe Exema. Also called a topic dermatitis that is not well controlled with prescription therapies used on the skin, or topicals, or who cannot use topical therapies. Epglyce can be used with or without topical corticosteroids. Don't use if you are allergic to Epglyce. A allergic reactions can occur that can be severe. I-problems can occur. Tell your doctor if you have newer, worsening eye problems. You should not receive a live vaccine when treated with Epglyce. Before starting Epglyce, tell your doctor if you have a parasitic infection.
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The 350 million people are the House. The 260 million adults are the House. I believe it is 160 million who go to work every day to do better for themselves and their families are the House. The Treasury Secretary is for us, the House. We don't work for him. The Treasury Secretary is not the markets. The markets are the markets and they are supposed to be free. But he is intervening and interjecting himself. And so far he doesn't have a clue. So far a certain finger has been stuck out at this guy who says he is the House now. Since he started this event, buying bonds, all bonds have done are gone down and yields
have gone up. And today another big move up into multi-year highs and that combination. And if we told you here of higher yields and higher oil is one hell of a one two punch. And as you know we speak to industry here and as you know we don't do with any bias. A gem I have spoken to industry. They're worried. They're worried. Remember the economy runs on what it is used to having. Hey, I'm a big corporation.
I'm used to having oil prices here. I'm used to having yields here. And now both sharply higher. Adjustments have to be made. Profits go down. Markets get affected. You all know that. You the people that are out there working. You know that. If you are an Uber or a Lyft driver. What you make being eaten up. If you are buying a house and getting a mortgage. You've paid a lot more than you did before. If you are just the toughest job in the world. A mom. And you're driving your kids around.
You're paying a lot more. Forget. And I can go on and on and on and on. And you have sheer ineptitude running the show. They have been telling us they are geniuses. They are far from it. But I get from many people right now. Well, it's better than Kamala. If that's the only answer we can get. We're screwed. We were told they were genius. Not to worry. And we end up with endless control freaks. And very corrupt. And again, none of that is opinion.
It's all out there for you to see. And again, we take no joy. But now as we start the show. Thing you. The markets. Your money. Your job. Your industry. And he was up there for two hours last night. Lying out his butt. I can't even begin to tell you. And those of you that love him in a cursing me out right now. Take a step back and ask yourself if Joe Biden was doing all the things he's doing. And now offering a lie $5,000 for me. What would you be stating in saying? As we have told you for years, we are policy people.
We see no personality. We see no personality. That's why I'm always amazed how people in love or in hate of politicians. I never have understood it. Never understood it. I remember when Hillary lost the Trump or everybody's crying. When Obama won, oh wow. When Trump won, the ones that love him fabulous, ones that hate him sick to their stomach. And I'm like me, just do the right thing. And Trump on the border, A plus, plus, plus, plus, plus, Biden on the border should have been impeached.
Policy. That's all we care about. Honesty. Respect. Just do the right thing. On a side note, on the Biden's, you know Hunter Biden has been given to review it on TV. Now these people sick in the mind, interviewing this crumb. Do you know what he did yesterday? He put out a meme coin. Struck 95, 96% already. What an ass clown. Another corrupt piece of crap. He had friends of Joe paid half million bucks for his paintings.
It was just all that was, was, what was he doing? For the family, himself, a somewhat legal way. He's not selling paintings anymore. You know what? Biden's out office. The Clinton Foundation, let's go back. They made millions of dollars. You know when money stopped flowing in a big way, the Clinton Foundation, when she lost, the corruption in DC on both sides of the aisle, absolutely sucks. And unfortunately, this guy, the king's sucker, him and his family, billions, trump in his family, billions of dollars through government, large S, that they control. Happy about that? But back on point, oil's up six bucks, as I speak.
Yeals five and 10 year, or up more than a stick today. Market, hey, it's off the 50, Nasdaq 144, S&P 42. Just rough day. Advance the clients, you ready? Foo, 936 up, 3393 down on the New York, 1202 up on the Nasdaq, 42 down. You ready for this? New yearly lows in the New York and Nasdaq, 1,000. I take it back. 900 and seven, New yearly lows. Tough going. Rough going. Confidence waning. And by the way, we've even just mentioned what Trump has done with Canada. Illogical stupidity. And a complete, not understanding of trade
by this president. Are the greatest word in the dictionary? Hey, up next. Inwards of the market. We'll go through it. And why? This is the one only investors edge. And now a quick vital break from our sponsor, Vital Proteins. The US open is so exciting, but it's also pretty stressful for the players.
I mean, it's their whole job. But also for us, the spectators, we get invested. Not for nothing, stress is not great for your skin, which brings me back around to Vital Proteins, which is putting skin in the game, see what I did there, as the official college and partner of the US open and presenting sponsor of the mixed doubles championship. This is their second year of a new multi-year partnership, so they're in for the long haul. And it makes so much sense, because every one of these players out there has serious skin in the game, so it makes sense to take care of it. And Vital Proteins, college and peptides, help support healthy skin, as well as hair, nails, bones, and joints. And whether you're one of the best players in the world or just someone who likes to watch the best players in the world, you can benefit, because we all have skin, hair, nails, bones, and joints. And we all start producing less collagen around 30. Supplementing with Vital Proteins, collagen peptides can help you look, move, and feel your best.
Plus, if it's right into your life, you can add a serving to your morning coffee, tea, smoothies, or oatmeal. It can go into whatever you're already having, and it dissolves easily with no weird taste, the no extra steps. Then you can sit down for a day of watching the US Open. Like I said, it fits right into your life. So when your favorite player is facing a final set tie brick in the quarter finals and feeling the pressure, and you're feeling the pressure too, you can rest comfortably. And the knowledge that your skin looks fabulous. Thanks again to Vital Proteins for sponsoring us. Learn more about collagen peptides by going to VITALPROTINES.com. These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease. Hey, it's Ryan Seacrest for Albert, since Vaughn's and Pavilion's. Fall is coming, which means cough and cold season is all most here. Get ahead by stocking up on all your favorite cough and cold essentials now through September 29th. Shop in store and online to save on products like Allegra tablets, halls drops, musinx kickstart,
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OK. Welcome, it's again to investors edge. I am also in a bad mood today, because I have a Drake May. In Fantasy League, and he threw three interceptions last night. But I'm pretty sure he's going to have a good year. At least I hope. All right, now that we're done with that. And by the way, before you, email me, those that really love the president, before you email, try to take me on. I want you to take 60 seconds. That's it. And ask yourself, if Joe Biden or Hillary Clinton, were the doofus that runs California,
did everything and said everything that President Trump has done and said? And I was ripping Biden or Hillary or the doofus running California. You be applauding me, right? I want you to think about that before you email me. Try to take away your bias and just think about policy. And whether it's good or bad, or whether there is a gender ulterior motive or bias or ego getting in the way. That's all. Retail, bearish. As we have said all along, we've had like three or four or five retail names. We're relatively strong. The rest, bad.
Cruise lines, airlines, hotels, gaming slash casinos, bearish. And pretty darn bearish. Obviously the outcome of oil prices. Housing and housing related. Bearish. We've been bearish on that. And what would be the cause and effect? Mortgage rates go in higher. And I think we are in record inventory around the United States. Yeah, I'm pretty sure. Commodity types. Take away gold for a second and silver. Other commodity types. Some of them looked OK before today. They're getting creamed today. Restaurants. We've been naming a few that were pretty strong. Less strong now with bad shape, by the way, consumer related. Again, economically sensitive names.
Well, United Rantles is down another 47 bucks today. What can I tell you? And what do we mean by economically sensitive? Our industry. United Rantles, WW Granger. Crap like that. Financials. Well, they just topped out the regional banks. Other banks, couple in shape. Others not. A lot of financials trading below the 50-day moving average. And not great. Transports. Duh. Under a lot of pressure. Why? Of course, why? Gas. Oil prices. And they've been worse sitting by the day. Though I do want to mention the Uber CEO. I think just bought a chunk of stock.
About to tell you how much. Uber, $10 million at $71. Uber's trading at $72. And I also told you the CEO bought $10 million of Intel at $95. And that stocks at $101 today down $5. There's a little bit of news for you. Consumer staples. Couple that are strong. Smucker is strong. Most of them are bearish. Semiconductors. Artificial. Had a nice three-day move. Getting roughed up today. And it's been a narrow move. What do we mean by that? Well, I have about 100 semiconductor names and about 75 artificial intelligence names. That's 175 names. I'm going to 160 of them are still below the 50-day move in average. Some weigh down in their bearish phase and to be avoided.
Others, as we've said, things like a better action in San this, micron, a few others. Medical health care farmer. They were having their way for a while. They're getting hit now. Getting roughed up. Starting with Eli Lilly. Eli Lilly broke out a range, failed, and now breaking down. Go figure. And then there's the advanced decline figures. All that means is the chart patterns worsen. The downtrends get deeper. More names top out. Markets are tougher. Creates headwinds. Simple as that. Short-term.
Leave no doubt. Markets are deeply oversold. Stretched, extended. Decent. Drop in oil prices. Any decent drop in yields. Think we have a good bounce. But as of this second, at 3.02 PM, Florida time, 902 PM where I am in Italy. Oil. Up $5.70. The good news is it was that up 7. Yields up over a stick on the 5 and 10 year. That has to change. They came out with an inflation number today. Not good. Oil. There's another inflation number tomorrow. Have no clue what it's going to be. Have no clue what the reaction. But oil dictates.
It's everywhere. It's in everything. It's the economy. And now, bucks. Now breaking out of range. While the president tells us he's in control. I have news for the president. Oil prices are in control now. You have a great evening drive carefully. Sorry for the pessimism. But we, until tomorrow, have a great evening drive carefully when you get home. Do like we do. Make sure you hug your family, hug your children. Good night, all. Peace out. Bye-bye. This has been Investor's Edge with Gary Cult Bomb on Biz Talk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. I love days like these at the pool, but my moderate to severe plaque psoriasis can sometimes take me out of the moment. I'm ready to make a splash with clear skin thanks to SkyRizzy, Rizzenkizm Ab Rizza.
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