Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa Breton Dollard up and send her a message. You've truly motivated me. God's blessings on you.
No FR! I stopped going everyday after I started watching his financial audits. I literally whipped out my last few statements to calculate how much I was spending on Starbucks coffee and imagined Caleb was yelling at me lol. I have more money each month now (more that $200 extra)
So Starbucks is admitting to customers complaining about long lines to a point that they are leaving Starbucks completely, and so in response Starbucks is wanting to expand their menu? Am I the only one who sees this as being a huge mistake?
It's all about culture. Their loyal fans will do anything for that back water Keurig trash Starbucks makes. They want to stay the ritzy fancy coffee company. It's all culture not quality .
I really appreciate that Caleb and his team have finally made some content for those of us who aren't really in the be yelled at and get out of debt stage. I like this format!
Imo, from a Starbucks employee. The wait times are rising due to an influx of customization options they allow, it has nothing to do with new drinks. As a barista I can say when I started in 2020 the customizations were very low thus you can learn a drink by heart and make it in about 30 seconds or less. Now that everyone has 5-7 customizations, from different syrups to sweet foam to light ice to light foam, that in itself has made the drink making times sky rocket. Let’s be honest it’s a fast food place and most places that do fast food fast don’t let you customize to the degree that Starbucks allows. My solution for the past year has been to simplify the menu and bring back the roots of where the company started, the baristas are just as fed up as the customers. Also side note, most drinks are now coming with 3-4 shots which simply take longer for a machine to pull instead of just 1-2 like when I started, most drinks come default with foam, which Starbucks store have not been redesigned to handle. Of course take my opinion with a grain of salt but I wouldn’t blame the baristas on speed I would blame the customers and top end management thinking that a drink with 7+ customizations and 2 added shots will take the same time to make as the old menus. I personally agree with the comments and think that this is a terrible idea to continue to add new drinks and new food when the baristas can’t even handle the ones that are there now, it’s not a training issue it’s a menu issue.
@@wickedincinctakes 3 minutes to make a drink, and some college brat is mad there's exactly .000004 grams too much nutmeg on their stupid custom drink and wants it redone.
@@nicolcacola Yeah, in some ways raising rates slowed down some industries such as the housing market; in other ways raising rates increased prices because interest payments are just another cost that companies pass down to consumers.
@@scc12321 Printing money is one of the root causes of inflation. There are quite a few others that are directly responsible such as tariffs on imports and sanctions on countries like Venezuela and Russia
And it has made the housing crisis worse for small homebuyers. Either the small dwellings get oinked up by investors when rates are low, or builders can't afford to build them when rates are high, and landlords who have already purchased... crank up the rent rates.
11:17 goddamn hair change jump scare Also I agree with what someone else said. If y'all want to really bring this as a gold standard news source, it'd be awesome to get news sources(even just article titles burned into the video like essayists do) and chapters, which yall did last week!
I'm a cusp Gen X/Boomer. Didn't have a downpayment together for home until I was 30. Paid it off at 57. I was still moving around at 24 and great roommates were my biggest concern. Survived the GFC. Hang in there and stick as much as you can into a high yield savings account.
I think people need to use some of their fun money to take speculative positions in stocks. I think taking a short call on peloton a year ago would have been a very simple brain-dead easy decision if you had just an extra 200 - 2,000 laying around. I totally agree for high-yield savings for anyone who isn't in a position to learn how to tackle one particular stock today. But if anyone has some fun money playing around please consider figuring out what business you want to see grow in the world deeply passionately and sensibly and take that cash and put it in
Just discovered this newer channel and am glad you've created it. I watch your personal finance vids and trust your opinions and advice much more than most channels on YT. You tend to say it like it is and don't appear to be in anyone's pocket. Congrats on your successes and i look forward to continuing to improve my finances with your help. You're doing good things for a lot of folks out here... and helping us to have a laugh and move forward with better plans. Cheers, Caleb!!!
.... Up until it backfires and now everyone is getting audited and the working class is left wondering how they got in this mess in the first place. Am I right Cali? Careful what you're advocating for mate!
@@JocMiles Cali? And it's not like the lower and middle classes haven't constantly been audited already. 💁🏾♀️ If they have nothing to hide, It won't be an issue regardless. But for those who have been committing tax fraud, they will have to pay up just like "the poors" have since the beginning of time. That's fair and equal treatment in my book 💁🏾♀️
Your head nod to how taxes are spent is a great closing message for this video, if you could do a breakdown of how taxes are spent in this country on citizens vs how they’re spent abroad, i feel that would be very eye-opening to alot of viewers that dont pay their taxes annually. I think you’d be an amazing interviewer, not necessarily a podcast but a one on one approach with financial influencers in the space. I appreciate all of your content, and you’ve helped me amongst thousands of people to get out of credit card debt and to live within their means. Thank you.
I’m a paralegal and I work for a firm that helps people negotiate with the IRS. They are levying people left and right. So make sure you file your taxes on time, and more importantly, pay them and make quarterly deposits if you’re making estimated tax deposits 1040ES or if you’re a small business (941). IRS field officers are back out on the road, and they want their money. They’ve been known to make people liquidate their investments and sell property to get paid. Do the right thing and pay your taxes.
4:50 Yeah, this whole Binance situation and the code being in China... The days of this are going to end. The TikTok ban proved to me Congress seems to care about companies maintaining major financial and data interests in China owned by American Shell companies
First time I’ve watched one of these. Good stuff. Taxes and paying taxes are the cornerstone of good countries and citizenship. Holding elected officials to account is also critical part of this. No one enjoys paying money in taxes but we should be proud we do.
"IRS is coming for you" - the IRS probably watched Caleb's videos and saw how many people outright talk about tax evasion or falsifying info. Also, please add the new sources so we can read them, and timestamps would be nice.
This won't be a popular opinion but with asset prices tge way they are, we need to modify the capital gains tax structure to encourage a sell-off. This will hurt in the short term (especially 401ks) but it will decrease wealth disparity.
So you want to tank the boomers? Guarantee SS fails? Boomers are a huge group so hold much of the assets but are distributed across so many it's not individually that great. They reside in much of the housing and hold much in retirement accounts, you paying their bills when you impoverish them? All of the boomers going to move in with you, gen X might as well too! Good luck with that plan hope you are ready to be bankrupted by boomers you just sank.
Love this channel. I listen to all your channels. It's a quick summary. Coffee comment: it's cheaper and faster to make it at home in. French press or Keurig.
I hate having to pay people money, but the conglomerate of which is the United States of America is pretty good at what it does. I'll be at there are inefficiencies that I think we all wish were fixed, but it's really hard to get from point A to point B without knowing all the different micro points in between. I'm trying to say is that taxes have their place and having a group effort where we're all pitching in is extremely beneficial to the whole. This is even the same globally we're not going to get very far being on our own and we need to lean on each other in every aspect from neighbors to neighboring countries. Of course I want my money so I can do blows off hose, but I also want my neighbor's kid to grow up smart because I'm not going to have any kids but I'm also trying to live forever so he needs to be a scientist.
Big fan of your financial audit channel but hearing you talk about current events + analysis on things happening is absolute gold. This is definitely the content I want to be looking at on a daily basis. Appraciate you and your team working hard on this!
This is the stuff I wish I had access to ten years ago. Thank you Caleb. Your audits are absolutely hilarious and good for people. But THIS is stuff we need to talk about. Our generation has made us look bad. (I’m pretty sure we’re the same age.) keep it up sir. Bless you guys.
SBUX seems to be a confounding of a weakening consumer and poor management. 2024 earnings growth was projected to be between 16-20% per annual guidance, with most analysts expecting around 10-12%, and looked cheap nevertheless... until that earnings call where management DROPPED their estimates to 0% growth for the whole year. Brutal, but that's how consumer discretionary goes. I think if changes don't come soon, the new CEO Laxman Narasimhan is getting the boot and quick -- especially after looking like a fool on CNBC.
Haven't been to a starbucks since Nov. Of 2023. Saving $6, plus it gave me the shits everytime and not to mention the frapps never taste the same at different stores.
Just an fyi “Zh” sound in Mandarin (Chinese) is pronounced with what we would think of as a J sound so Zhao 赵/趙 would sound like jow from jowls. Zao would be a completely different word/name. I know it might seem like splitting hairs, but it can cause confusion for those of us who speak Chinese. Another sound that commonly trips up English speakers is names and words that use an X as romanization. X in pinyin (Chinese romanization system) is close to an “sh” sound. So hot tip if you ever need to talk about Xi Jinping “She” would be a closer pronunciation to Mandarin. The accent in regions like southern China pronounces the “X”/“sh”sound closer to an S so we might hear something similar to “See jinping”. Either way, “she” or “see” is a good English speaking hack to pronouncing the sound. Hope this helps.
Starbucks’ coffee is mid and I just can’t justify spending even MORE money there. Good for them for paying their employees more though. They deserve it.
Also baffles me why companies cannot see how better paid workers = happy workers which means better throughput ie higher earning. Companies will so quickly blame the worker for anything negative when it's the company that has the influences to change to market demands. Companies blame higher wages as the cause for less profit without looking into stagnant wages, increase inflation, and higher CEO payouts. Anytime there's increased inflation Starbucks is the first to go, but yeah blame the worker for it.
I love when people say that this is bc of the stimulus packages and Covid,, when in reality reality has nothing to do with that. We’re literally still trying to fix the economy from 2008 financial crisis. We haven’t even seen the effect of Covid.
Too many people watching the audit and cutting crappy Starbucks out of their budget. I would be glad to see pretentiously awful coffee go out of business too so I might be biased...
I’ll never stop telling young people to join the military and get free college and a VA loan. 4 years of service in the Air Force in an AFSC that isn’t combat related seems like such a no brainer for the benefits. You can rip on it all you want but holy crap it’s such a massive step to get a college degree and a loan that’s at the most 6% after seeing how bad people struggle
This was a dovish meeting man. Where they are basically starting quantitave easing again and they all but confirmed no more rate hikes. This was obvious news that markets will rip and both you and graham missed this completely. This was a very dovish meeting for markets.
Thank you for the unbiased facts with some fun! It’s so nice to just hear financial news and what’s happening without it turning into garbage. Please keep this up!
I stopped going to Starbucks when they pulled their anti-union stunts and was more solidified to not purchase when they again blasted the union locations for being in support of Palestine. Giving up the coffee was the easiest choice ever and i dont think i can even look at a cup without thinking enocide.
This episode goes to show you that no matter how good the production value is. If the content is boring, the content is boring. If the content is great and blurry thats fine. Content is what counts, not production value.
Lmao starbucks also changed the way they did coffee to use some new machine that was alot slower. CEO made the move, obvious example of how disconnected the higher ups are from the actual work.
Caleb can you track silver in addition to gold? There’s a lot of us that do more silver than gold. I almost never go to Starbucks, I have a coffee grinder at home and can make better coffee. I only go once in a while (like maybe once a month) for a Venti Mocha Frappuccino with two shots of espresso. But since going on my diet I cut all caffeine
The thing about irs audits on higher class Americans is that they are drawn out, expensive processes that often get little to no results. Someone making 10 million a year has an army of accountants and lawyers at their disposal who can hold the irs at bay and come up with all the paperwork they demand. It can take years to perform an audit, taking dozens of agents time and energy for potentially as little as tens of thousands of tax dollars they squeeze out of someone. If they perform audits on average, unconnected people they can tear up their home in a day or two using an automated flagging system and come up with thousands in tax revenue from every day tax dodgers who either forgot something or tried to fudge the numbers a little.
Thank you to everyone who has supported this show so far :) 4 weeks in and we are having a blast!
I honestly enjoy this channel more than your main one
Love it!
It is weird how doing absolutely nothing to combat inflation has resulted in nothing being done about inflation.
Thank you Caleb! 🍆
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa Breton Dollard up and send her a message. You've truly motivated me. God's blessings on you.
Plot twist: SBUX went down in earnings because Caleb is telling people not to spend their debt on shitty coffee.
It really is bad.
No FR! I stopped going everyday after I started watching his financial audits. I literally whipped out my last few statements to calculate how much I was spending on Starbucks coffee and imagined Caleb was yelling at me lol. I have more money each month now (more that $200 extra)
So Starbucks is admitting to customers complaining about long lines to a point that they are leaving Starbucks completely, and so in response Starbucks is wanting to expand their menu? Am I the only one who sees this as being a huge mistake?
Exactly, this makes zero sense. Our lines are too slow? Let's add a bunch of new menu items. That'll certainly speed up the process!
That thing inside my skull agrees with you...
Too big of a menu is usually what causes most restaurants to fail too
I never have to wait in line for sbux except at airport where you can’t order on the app
It's all about culture. Their loyal fans will do anything for that back water Keurig trash Starbucks makes.
They want to stay the ritzy fancy coffee company. It's all culture not quality .
Had no idea you had a new channel until this popped up on my recommended page. This was so interesting! Easy sub.
Awesome! Thank you!
I really appreciate that Caleb and his team have finally made some content for those of us who aren't really in the be yelled at and get out of debt stage. I like this format!
Imo, from a Starbucks employee. The wait times are rising due to an influx of customization options they allow, it has nothing to do with new drinks. As a barista I can say when I started in 2020 the customizations were very low thus you can learn a drink by heart and make it in about 30 seconds or less. Now that everyone has 5-7 customizations, from different syrups to sweet foam to light ice to light foam, that in itself has made the drink making times sky rocket. Let’s be honest it’s a fast food place and most places that do fast food fast don’t let you customize to the degree that Starbucks allows. My solution for the past year has been to simplify the menu and bring back the roots of where the company started, the baristas are just as fed up as the customers. Also side note, most drinks are now coming with 3-4 shots which simply take longer for a machine to pull instead of just 1-2 like when I started, most drinks come default with foam, which Starbucks store have not been redesigned to handle. Of course take my opinion with a grain of salt but I wouldn’t blame the baristas on speed I would blame the customers and top end management thinking that a drink with 7+ customizations and 2 added shots will take the same time to make as the old menus. I personally agree with the comments and think that this is a terrible idea to continue to add new drinks and new food when the baristas can’t even handle the ones that are there now, it’s not a training issue it’s a menu issue.
It's also a customer issue. People who take forever to make food or drink decisions aren't emotionally stable anyways
@@wickedincinctakes 3 minutes to make a drink, and some college brat is mad there's exactly .000004 grams too much nutmeg on their stupid custom drink and wants it redone.
Wouldn’t new drinks just be added customization?
So what you’re saying is not to go to Starbucks and just get folgers? People literally go to Starbucks for the customization.
Its just another thing pushing toward automation.
Thank you for keeping us in the loop! Love the new channel.
You bet!
Starbucks sucks. $7 + for a iced coffee.. NO
It’s weird how doing absolutely nothing to fight inflation has resulted in inflation not being under control.
They added to inflation
@@nicolcacola Yeah, in some ways raising rates slowed down some industries such as the housing market; in other ways raising rates increased prices because interest payments are just another cost that companies pass down to consumers.
They’re not tackling the root cause of inflation which is printing money to service national debt. Until they do that we’ll always have inflation
@@scc12321 Printing money is one of the root causes of inflation. There are quite a few others that are directly responsible such as tariffs on imports and sanctions on countries like Venezuela and Russia
And it has made the housing crisis worse for small homebuyers. Either the small dwellings get oinked up by investors when rates are low, or builders can't afford to build them when rates are high, and landlords who have already purchased... crank up the rent rates.
Love this new show. Especially the irreverence. Screw professionalism. There's enough of that in the financial world. This is real and relatable.
Best channel. No ideology, straight facts.
Thanks!
Make taxation theft again.
based
It never changed. 😎🤙
11:17 goddamn hair change jump scare
Also I agree with what someone else said. If y'all want to really bring this as a gold standard news source, it'd be awesome to get news sources(even just article titles burned into the video like essayists do) and chapters, which yall did last week!
Jerome Powell cranking the dollar printing machine going brrrrrrrrrrrrrr rrrrr made me spit take my coffee lmao
Old meme but classic. It’s a pasta maker actually. And way way slower than what actually happens but might as well be true.
I'm directly contributing to starbucks profit decline...been making coffee from home, small changes and still need to cut out chipotle now!
6:39 - "I deeply regret my behavior and I'm sorry.....................................................................that I got caught."
I'm a cusp Gen X/Boomer. Didn't have a downpayment together for home until I was 30. Paid it off at 57. I was still moving around at 24 and great roommates were my biggest concern. Survived the GFC. Hang in there and stick as much as you can into a high yield savings account.
I think people need to use some of their fun money to take speculative positions in stocks. I think taking a short call on peloton a year ago would have been a very simple brain-dead easy decision if you had just an extra 200 - 2,000 laying around.
I totally agree for high-yield savings for anyone who isn't in a position to learn how to tackle one particular stock today.
But if anyone has some fun money playing around please consider figuring out what business you want to see grow in the world deeply passionately and sensibly and take that cash and put it in
7% rates on a 400k house isnt exactly something most people or couples can afford
Can't convince me Carvana isn't cooking the books.
Agreed 2 years ago it's model was dead and the company was dieing completely. Ridiculous
Even if their earnings were accurate they still are overvalued at over 100$ they earned 20 cents that’s not worth a 100$ valuation in any world 😂
Just discovered this newer channel and am glad you've created it. I watch your personal finance vids and trust your opinions and advice much more than most channels on YT. You tend to say it like it is and don't appear to be in anyone's pocket. Congrats on your successes and i look forward to continuing to improve my finances with your help. You're doing good things for a lot of folks out here... and helping us to have a laugh and move forward with better plans. Cheers, Caleb!!!
Thank you so much 😊
I think ive been to a starbucks twice and both were to just use the bathroom.
Costoco ground coffe and a drip has been my go to for two decades
At least your ending on a good note. Hearing that the IRS is about to start auditing the large money makers makes my heart smile.
.... Up until it backfires and now everyone is getting audited and the working class is left wondering how they got in this mess in the first place. Am I right Cali? Careful what you're advocating for mate!
Statist
Everyone hates the rich but wants to be rich.
@@JocMiles Cali? And it's not like the lower and middle classes haven't constantly been audited already. 💁🏾♀️
If they have nothing to hide, It won't be an issue regardless. But for those who have been committing tax fraud, they will have to pay up just like "the poors" have since the beginning of time.
That's fair and equal treatment in my book 💁🏾♀️
@@jandnoc You have no idea what you're advocating for. Good luck figuring out "You will own nothing and be happy by 2030"!
Your head nod to how taxes are spent is a great closing message for this video, if you could do a breakdown of how taxes are spent in this country on citizens vs how they’re spent abroad, i feel that would be very eye-opening to alot of viewers that dont pay their taxes annually.
I think you’d be an amazing interviewer, not necessarily a podcast but a one on one approach with financial influencers in the space.
I appreciate all of your content, and you’ve helped me amongst thousands of people to get out of credit card debt and to live within their means. Thank you.
He has a couple episodes with Graham Stephen and the Money Guy team, if you haven’t seen them.
I’m a paralegal and I work for a firm that helps people negotiate with the IRS. They are levying people left and right. So make sure you file your taxes on time, and more importantly, pay them and make quarterly deposits if you’re making estimated tax deposits 1040ES or if you’re a small business (941). IRS field officers are back out on the road, and they want their money. They’ve been known to make people liquidate their investments and sell property to get paid. Do the right thing and pay your taxes.
No.
Absolutely love this new type of content.
4:50 Yeah, this whole Binance situation and the code being in China... The days of this are going to end. The TikTok ban proved to me Congress seems to care about companies maintaining major financial and data interests in China owned by American Shell companies
First time I’ve watched one of these. Good stuff.
Taxes and paying taxes are the cornerstone of good countries and citizenship. Holding elected officials to account is also critical part of this. No one enjoys paying money in taxes but we should be proud we do.
"IRS is coming for you" - the IRS probably watched Caleb's videos and saw how many people outright talk about tax evasion or falsifying info.
Also, please add the new sources so we can read them, and timestamps would be nice.
Good morning!
Good morning!
Woah, I thought I was clicking a Graham Stephen video 😂
Let's send more money to foreign countries.
This won't be a popular opinion but with asset prices tge way they are, we need to modify the capital gains tax structure to encourage a sell-off. This will hurt in the short term (especially 401ks) but it will decrease wealth disparity.
So you want to tank the boomers? Guarantee SS fails? Boomers are a huge group so hold much of the assets but are distributed across so many it's not individually that great. They reside in much of the housing and hold much in retirement accounts, you paying their bills when you impoverish them? All of the boomers going to move in with you, gen X might as well too! Good luck with that plan hope you are ready to be bankrupted by boomers you just sank.
The Echo and the Bunnymen haircut is wild..
While Caleb's line goes up, the taquito suppliers' lines go down. Coincidence? No.
Love this channel. I listen to all your channels. It's a quick summary. Coffee comment: it's cheaper and faster to make it at home in. French press or Keurig.
Love the Philly D style
I hate having to pay people money, but the conglomerate of which is the United States of America is pretty good at what it does. I'll be at there are inefficiencies that I think we all wish were fixed, but it's really hard to get from point A to point B without knowing all the different micro points in between.
I'm trying to say is that taxes have their place and having a group effort where we're all pitching in is extremely beneficial to the whole. This is even the same globally we're not going to get very far being on our own and we need to lean on each other in every aspect from neighbors to neighboring countries.
Of course I want my money so I can do blows off hose, but I also want my neighbor's kid to grow up smart because I'm not going to have any kids but I'm also trying to live forever so he needs to be a scientist.
Big fan of your financial audit channel but hearing you talk about current events + analysis on things happening is absolute gold. This is definitely the content I want to be looking at on a daily basis.
Appraciate you and your team working hard on this!
Thanks for the information. I haven't had Starbucks in over 6 months. And i won't be buying anything they make. To expensive.
This is the stuff I wish I had access to ten years ago. Thank you Caleb. Your audits are absolutely hilarious and good for people. But THIS is stuff we need to talk about. Our generation has made us look bad. (I’m pretty sure we’re the same age.) keep it up sir. Bless you guys.
to the rant in the middle of the vid: I have NEVER been to a Starbucks in my life. Also, love coffee.
Thank you for the great explanation of what's happening in the financial world. Appreciate everything you do!
I have a new existential crisis every time Caleb opens his mouth about the economy.
Phillip Defranco looks so different
The fun continues need that fed rate at 7 no 8% (eventually people will learn to live within their means not above)😂
For Starbucks, a soft drink dispenser style machine would help the lines a lot. Buy a cup, fill it yourself.
SBUX seems to be a confounding of a weakening consumer and poor management.
2024 earnings growth was projected to be between 16-20% per annual guidance, with most analysts expecting around 10-12%, and looked cheap nevertheless...
until that earnings call where management DROPPED their estimates to 0% growth for the whole year. Brutal, but that's how consumer discretionary goes.
I think if changes don't come soon, the new CEO Laxman Narasimhan is getting the boot and quick -- especially after looking like a fool on CNBC.
Haven't been to a starbucks since Nov. Of 2023. Saving $6, plus it gave me the shits everytime and not to mention the frapps never taste the same at different stores.
Love this show Caleb!
I've never been to Starbucks.
Glad I have bitcoin
Just an fyi “Zh” sound in Mandarin (Chinese) is pronounced with what we would think of as a J sound so Zhao 赵/趙 would sound like jow from jowls. Zao would be a completely different word/name. I know it might seem like splitting hairs, but it can cause confusion for those of us who speak Chinese. Another sound that commonly trips up English speakers is names and words that use an X as romanization. X in pinyin (Chinese romanization system) is close to an “sh” sound. So hot tip if you ever need to talk about Xi Jinping “She” would be a closer pronunciation to Mandarin. The accent in regions like southern China pronounces the “X”/“sh”sound closer to an S so we might hear something similar to “See jinping”. Either way, “she” or “see” is a good English speaking hack to pronouncing the sound. Hope this helps.
Amazing information!! Thank you Caleb! Your hair 😂🤣😂 I can’t get enough of you lol I love this channel!!!!
Man the world is going crazy rn
Meanwhile in my area, Starbucks is BUILDING two new locations from scratch but they wanna blame paying employees more for loss of profit???
Starbucks’ coffee is mid and I just can’t justify spending even MORE money there. Good for them for paying their employees more though. They deserve it.
Also baffles me why companies cannot see how better paid workers = happy workers which means better throughput ie higher earning. Companies will so quickly blame the worker for anything negative when it's the company that has the influences to change to market demands. Companies blame higher wages as the cause for less profit without looking into stagnant wages, increase inflation, and higher CEO payouts. Anytime there's increased inflation Starbucks is the first to go, but yeah blame the worker for it.
I love when people say that this is bc of the stimulus packages and Covid,, when in reality reality has nothing to do with that. We’re literally still trying to fix the economy from 2008 financial crisis. We haven’t even seen the effect of Covid.
Man, I’m tired of penny stocks, and options, just let the S&P drop 30% so we can all feel comfortable about buying it again
Might love this channel MORE !? WTH Caleb. Good delivery/ big brain mode.
Too many people watching the audit and cutting crappy Starbucks out of their budget. I would be glad to see pretentiously awful coffee go out of business too so I might be biased...
I’ll never stop telling young people to join the military and get free college and a VA loan. 4 years of service in the Air Force in an AFSC that isn’t combat related seems like such a no brainer for the benefits.
You can rip on it all you want but holy crap it’s such a massive step to get a college degree and a loan that’s at the most 6% after seeing how bad people struggle
This was a dovish meeting man. Where they are basically starting quantitave easing again and they all but confirmed no more rate hikes. This was obvious news that markets will rip and both you and graham missed this completely. This was a very dovish meeting for markets.
The IRS commissioner is 1996 Heisman winner Danny Wuerffel?
We can blame caleb for the doordash crash😂😂
Thank you for the unbiased facts with some fun! It’s so nice to just hear financial news and what’s happening without it turning into garbage. Please keep this up!
People aren’t going to Starbucks anymore because they are watching Caleb Hammer.
Gotta love the receding recession. High interest rates, low economical growth, competitive job market and lots of government spending on wars.
Caleb putting that haircut money into the market for a better return on investment 😂
We need more legit News channels on TH-cam that are not mainstream. It feels like Philip Defranco was the only one taking advantage this niche.
I stopped going to Starbucks when they pulled their anti-union stunts and was more solidified to not purchase when they again blasted the union locations for being in support of Palestine. Giving up the coffee was the easiest choice ever and i dont think i can even look at a cup without thinking enocide.
Obesity will cost you much more than you realize. Invest in your health to maximize enjoying your retirement years.
This episode goes to show you that no matter how good the production value is. If the content is boring, the content is boring. If the content is great and blurry thats fine. Content is what counts, not production value.
Bruh, you using your ad voice. Its confusing. Like what is you selling me lol.
Am I the only one thinking the FED and eurozone interest rates are not even on normal levrls ATM? I don't get the fantasy of rate cuts at all.
Caleb auditing the U.S. economy? Yes please.
Haven’t bought Starbucks in years i use local shops 💯
Lmao starbucks also changed the way they did coffee to use some new machine that was alot slower. CEO made the move, obvious example of how disconnected the higher ups are from the actual work.
You should call this segment “Current-C”
Wont anyone think about poor star bucks? Its so expensive to union bust, they deserve a break
Sooooo glad to found this channel! I like your take on news and explanation. You make numbers interesting for me 😁
Caleb can you track silver in addition to gold? There’s a lot of us that do more silver than gold.
I almost never go to Starbucks, I have a coffee grinder at home and can make better coffee. I only go once in a while (like maybe once a month) for a Venti Mocha Frappuccino with two shots of espresso. But since going on my diet I cut all caffeine
We need a bitcoin Weekly Market update section!
I haven't gone to Starbucks since 2012 when the CEO told gun owners we weren't welcome in their stores. I respected his request.
Nice to see that you finally changed it up man. Good video
BANNED THE FED RES!!!!
This is pretty quality content
Thanks Obiden!
lost $700 on a couple option contracts for starbucks cuz of this lmao
I use a local bank that didn’t need to be bailed out in 2008, is a huge asset to my community, and knows me and my son by name 🙌🏼 huge fan
This is excellent content … great work
The thing about irs audits on higher class Americans is that they are drawn out, expensive processes that often get little to no results.
Someone making 10 million a year has an army of accountants and lawyers at their disposal who can hold the irs at bay and come up with all the paperwork they demand. It can take years to perform an audit, taking dozens of agents time and energy for potentially as little as tens of thousands of tax dollars they squeeze out of someone.
If they perform audits on average, unconnected people they can tear up their home in a day or two using an automated flagging system and come up with thousands in tax revenue from every day tax dodgers who either forgot something or tried to fudge the numbers a little.
Pelaton was the precursor to the Bronco, bah! Does that audit include Hunter and the big guy?
3% will be their target rate IMO....
this administration is a joke
Exactly what I was thinking. How can people not blame this administration. They have thrown us in the dirt. Let them eat cake
Trump policies set this whole thing up. Do you not have long term memory?
FJB
Trump 2024
Thanks for posting these videos, it helps me stay informed in a way that I actually understand. ❤
Does this mean that vlogs are over 😢
amazing channel really helps me keep up with money news
Thanks!
Not sure how I missed these, but best recap I’ve seen
Thank you!