thanks for coming on luke lloyd, americans reeling over sky-high prices, one of the president biden'sc successes, john catsimatidis robert wolf weigh in coming up next. . there are some things that go better... together. burger and fries... soup and salad. like your workplace benefits and retirement savings. with voya, considering all your financial choices together can help you make smarter decisions. voya. well planned. well invested. well protected. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker, you became my banker and now fran is in her third

let's bring in luke lloyd to the talk about all of this. let's start with president biden, luke. he claims he's turning things around on the economy. of he says bidenomics is already in action. do you think the american people are buying it? do you agree with the president? >> no. but we're going to the feel the impact of that down the the road, and it's not going to be good. we have a politics issue. did we forget that ever since 2020 the government has been more involved in our lives than ever before? we had most amount of money ever printed and the fastest rate-hiking cycle we've ever had in history, both of which are government controlled, and we also saw the biggest wealth divide in american history between the rich and poor. higher taxes, bidenomics and government spending, you know, our money, bidenomics, policies of wealth redistribution. take it from the rich and give it to the poor. ashley: right. >> ultimately, it makes the poor even more poor and makes the rich even more rich in relative terms. those that don't learn from history are doomed to repeat it. ashley: right

we got market watchers luke lloyd, jay woods what they're looking at as we kick off this new month. ke, to you first. what are we in for? >> yeah. so i think it's very possible we could be seeing something happen here in the job and labor market we never seen happen before. there is huge dislocation in the labor market. it is very possible we could see a ton of job openings stick around, layoffs, unemployment start rising. typically job openings go up first but then the actual jobs themselves. the job openings gone back above 10 million jobs. baby boomers are retiring, leaving the workforce. one out of four workers in america is a boomer. people are not as mobile as a lot of people think to fill those jobs. that is something we need to pay attention to. something not paid attention to, the willingness for people to leave the area. if you have a mortgage at 2 1/2%, 3% right now, unless you're getting an extreme pay raise to sell that house, get rid of that mortgage, you're not leaving the area to get a new job, buy a new house at a 7% interest rate. we're not out of the woods yet. loo

just what happens now after this with luke lloyd. ♪ ♪ is new projects means new project managers.. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. ♪ (upbeat music) ♪ ( ♪ ) woah. ( ♪ ) ( ♪ ) ( ♪ ) ( ♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. neil: slapped down by the supreme court and promising this effort to block the student loan relief program does not mean he's done and it is disappointing and wrong, but he's looking to find other ways to deliver relief. we don't know what those other ways are, toward executive action or order. the investment strategist, could be more spending down the road and a way to turn this into something more omnibus. what do you think? >> that is all they do, they spend our money. the biggest disconnect in history between the upper class and everybody else when it comes to economic status. that's what student loan forgi

bring in luke lloyd who joins us this morning. i want to talk about the ai boom.i stuff, we talk about it every day. is this similar to the meme rally, is this what you believe? >> reporter: this rally is similar in the fact that there' s so much happening. only a few names were given a stream amount of love and attention but it's much different in the fact that there is some actual fundamental substance behind this rally. i think the rally is getting ahead of itself. investors need to take a chill pill or risk pulling some bags but in the long term, a decade or two up, how much fiction has already become nonfiction. how much technology is close to becoming true. take a look at star trek in the 60s. my father headed on for me growing up. in the tradition of cell phones, flatscreen tvs and ipads, ai is going to change the world and there's no stopping it and there' s no regulating it unless you outright ban it. can't do that because of national defense and other countries trying to develop their own ai. we need to live with it or nuclear weapons and have a global s

luke lloyd back with us, strategic wealth partners, investment strategist, david nicholas, nicholas wealth management ceo. welcome to both of you. luke, first, your impression of this backdrop of our secretary of state going to china likely not getting a meeting with xi-jinping, prominent business leaders though often do , bill gates just the latest one. that kind of sums up in a nutshel where china's coming from. politically we don't like to deal with u.s. government officials but we love those corporate guys. what do you think? >> i think things could get pretty crazy here soon over the next, you know, year or two in 1990 chinese exports was like $45 billion and u.s. exports was like $500 billion. now, chinese exports are around 3.5 trillion in u.s. is 2.5 trillion. china had an 800-times increase in exports in 30 years. china was able to maneuver themselves into the middle of every country out there which is a national security issue now, and at this point, if we don't decouple it's going to be painful, right? there's no doubt about that. i'm not going to act like i'm a national securit

and last week i was having a conversation with our friend luke key lloyd, who i love.any, it's diversified industrial. they're doing a lot in the a.i. space, in the artificial intelligence space, with their intelligence solution which goes unnoticed. when you talk about the future of a.i. and its impact and all that, emerson is one of those names that kind of fly ifs under the radar that people don't associate that with, right? it trades in the 75-100 price range. it had a great day on friday when they took the industrials up 2.5%, right? it's backed off a little bit today, i think about 20 cents or so so, but i think it's setting itself up once again to move if higher. and especially if we get the soft landing and we don't get this deep recession that we've been expecting, the industrial names will play catch-up with the rest of the market, and names like emerson will participate. cheryl: katherine told he this morning she was going to start selling some of the small cap a.i. names. she thinks there's too much fluff in the market, what do you say? >> listen, i think t

neil: like lloyd is with us right now. lukeys apart. >> i use the walrus too. i'm like musk. neil: i use the walrus too, like the nathan hot dog champ. let me ask you -- lauren and i were trying to figure, there has got to be a strategy here. i'm just wondering what it is? >> you know i hate to admit it but i love to see this happens to see how it plays out. nothing wrong with a little bit of healthy physical competition, right? the reason why it most likely won't, you get my point there, is a big difference between elon musk and mark zuckerberg besides physical and huge priority and time difference. when you're and entrepreneur and business owner your time it prioritize and broken down by the minute especially at billionaire business level. elon musk doesn't have the time in his calendar to prioritize it. i don't care who you are, you can't walk into came cage match unprepared or you look on a fool. zuckerberg has more time on his hands. took a step back from meta. neil: you think zuckerberg would win this. >> i do, saidly do.