Valuetainment - April 06, 2026


“186K Is A HUGE Number” - March Jobs Report STUNS Experts Despite Iran War Costs


Episode Stats


Length

19 minutes

Words per minute

202.96227

Word count

3,878

Sentence count

215

Harmful content

Misogyny

1

sentences flagged

Toxicity

7

sentences flagged

Hate speech

4

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

On today's show, we discuss the impact of the Iran war tax and the surge in diesel prices that is hitting profits at some of the largest U.S. companies. We also talk about the impact on the stock market from the latest jobs report from the Bureau of Labor Statistics.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.040 Okay, when I sell my business, I want the best tax and investment advice.
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00:00:30.000 U.S.-Iran war tax begins to hit American businesses and consumers.
00:00:35.500 And I'm going to go to two of these stories combined together, Tom, and then I'll turn it over to you.
00:00:40.140 So, number one, Nick Friedman, co-founder of Tampa-based College Hunks, Holland Junkin business,
00:00:47.820 has been facing multiple headwinds.
00:00:49.120 High mortgage rates have dampened the real estate market while rising insurance premiums are eating into operation costs.
00:00:55.920 Now there's a U.S.-Iran war and surge in diesel fuel prices that is eating into profit margins,
00:01:01.140 yet he doesn't feel like he can raise prices.
00:01:04.120 We are on a bit of a catch-22.
00:01:06.140 Our fear would be if we start raising prices, it'll hurt the customers.
00:01:09.540 Bigger companies, he says, can probably get away with adding fees,
00:01:13.780 such as Amazon just added a 3.5% or United Airlines or JetBlue both raised their prices.
00:01:19.020 And one airline in the U.K. apparently is no longer, they're shut down.
00:01:21.620 I don't know what the airline was, Rob, in the U.K., if you want to check that.
00:01:24.100 One airline just said, we are not even doing anything right now because we just can't afford it.
00:01:28.240 Tom, how is this tax impacting businesses and customers today from the war?
00:01:34.160 What are you seeing?
00:01:35.200 Well, they're calling it a war tax.
00:01:36.500 And a tax is something you don't want that takes money from you, right?
00:01:39.240 That's the colloquial they're going after.
00:01:41.840 And what they're saying is that with today, where's fuel today?
00:01:46.400 Let me look it up real quick.
00:01:47.560 Oil.
00:01:48.160 You know, West Texas Intermediate is sitting here.
00:01:51.240 market just opened and it's sitting at 112 right now. Ouch. Is that right? Yep. 112.65.
00:02:00.300 So oil is a commodity and now you got oil up. And so what do you do? He's absolutely correct.
00:02:07.400 A larger company with more longer arms and more profit. Vinny, think about it. It's like if you
00:02:13.160 operated a company and you're bigger than me, you have a little bit more profit than me, you might
00:02:16.740 be able to wait it out a little longer before you ultimately raise prices and what this guy is
00:02:21.820 saying is like hey the we're coming to the point where we can't do it anymore we got to raise
00:02:26.880 prices a little bit unfortunately larger national companies are going to have it and so what we're
00:02:32.040 seeing here is the effect of commodity priced oil because the oil in the u.s pat has come up
00:02:38.620 and this is now the impact they've waited and what also it means is that everyone on wall street
00:02:46.400 has been running on sentiment you know pat like president says something positive and the market
00:02:51.100 responds then the then they hear something else and then the the market goes the other way so
00:02:56.040 right now the best thing that the market could hear is positive message we had a positive message
00:03:02.860 on the rescue we got a 48 hour um uh you know till deadline we gotta find out what's there
00:03:09.880 But what the market wants is to have line of sight to certainty of finish.
00:03:15.620 And you can't come out in the middle of a war and just say, I'll be done at 8 o'clock on Tuesday because it'll all be done that day.
00:03:22.500 Because then there's nothing to negotiate.
00:03:24.720 Isn't there some good news that just came out?
00:03:26.240 Trump touts unexpectedly high March jobs report as economy rebounds from week of February to the 186,000 Americans who gained private sector jobs in a month of March alone.
00:03:36.120 My economic policies have created an enormously powerful engine of economic growth and nothing can slow it down.
00:03:41.020 Trump added that factory construction jobs are soaring as a result of a rapid unshoring and surging investments that tariffs have generated.
00:03:48.540 All the while, the trade deficits have shrunk by 52 percent in a year.
00:03:52.260 U.S. added 178,000 jobs in March, which included 8,000 government jobs.
00:03:57.080 According to the Bureau of Labor Statistics, this figure is about three times what most economists forecasted.
00:04:02.500 Three times, Tom.
00:04:03.800 This gain comes after country lost 133,000 jobs in February.
00:04:07.820 Unemployment also dipped from 4.4% to 4.3%.
00:04:11.060 The average person who is not following the economy the way, you know, experts are, would say,
00:04:15.260 how is this even possible with the war going on?
00:04:17.820 What price is going up?
00:04:19.200 Well, we added this many new jobs.
00:04:20.580 Why is that, Tom?
00:04:21.260 Well, because what's going on in the background that the president put in place has been continuing.
00:04:25.960 So I was on record for January and February.
00:04:28.820 And, Vinny, you remember this.
00:04:29.680 I said, hey, after Christmas, you get a lot of seasonal workers get laid off or that's the end of their contract.
00:04:36.700 And so they're off. So and I expected to be flat jobs.
00:04:41.860 But then February came in even worse.
00:04:44.560 Now, this is coming up and you got to be careful because the Department of Labor tends to come back and and adjust these.
00:04:50.640 But if this is traction on springtime hiring and stuff on construction, then this is really good news.
00:04:56.820 and it points to manufacturing, which would also be good news.
00:05:00.880 So it says that some of these things, it was going to take time.
00:05:03.280 Because remember last year we said, hey, you got all these jobs to build data centers.
00:05:06.940 So I said, well, first you need a permit, then you need a foundation,
00:05:09.640 then you need all those things that have to happen,
00:05:12.000 then the jobs can come there for all the army of people it takes to build these data centers.
00:05:16.480 And if that's what's coming up here with springtime hiring, this is really good news.
00:05:21.060 So both could be true at once, Pat, is that fuel cost is hurting businesses
00:05:26.260 because now they've got to think about raising prices a little bit.
00:05:29.640 But that should be a temporary thing that after the war those come back down
00:05:33.600 and the market wants line of sight to an end point.
00:05:36.620 On the other hand, it's very positive that if these are manufacturing jobs
00:05:41.180 because this is exactly what the president was talking about
00:05:44.780 that he wanted to incentivize and he was driving last year.
00:05:47.520 So if this comes true and this doesn't get revised down,
00:05:50.460 I think it's good news today.
00:05:52.300 And if it doesn't get revised, I think it's great news.
00:05:55.080 Right. Adam.
00:05:56.860 Look, I don't know how to tell you guys this,
00:05:58.400 but everything's going to be okay.
00:06:00.340 You know, what's the phrase that we keep saying?
00:06:01.960 Short-term pain and long-term gain.
00:06:04.180 Look, I have the beauty of understanding
00:06:06.320 how the markets work,
00:06:07.760 because at one point,
00:06:09.000 I had no clue what a 401k was.
00:06:10.880 I had no clue what a Roth IRA was.
00:06:13.120 Believe me, I had no clue what Bitcoin was.
00:06:15.100 But eventually, I learned what all these things are.
00:06:17.960 And at the market,
00:06:18.600 if you look at the market every single day,
00:06:20.020 it goes like this, Pat, right?
00:06:21.480 Every day, it's up, it's down, it's green, it's red,
00:06:23.020 it's bulls, it's bears, it's up, it's down.
00:06:24.120 But if you look at the market over years or a 10-year span, the market's always up.
00:06:29.540 What's my point?
00:06:31.100 We've been through way worse than this Iran conflict.
00:06:34.820 Guys, we're not the ones getting bombed every single day.
00:06:37.480 We're not the ones getting our leaders decapitated.
00:06:40.660 We're not the ones that are basically going to go bankrupt if they bomb our energy supply.
00:06:45.840 We're sitting pretty here in America.
00:06:47.420 What's the worst that we have in America?
00:06:50.060 We pay a couple extra bucks for gas? 0.97
00:06:51.920 That sucks. 0.69
00:06:52.920 I get it. 0.85
00:06:53.600 Maybe you have to cut down your vacation for a day or two,
00:06:57.180 or maybe your travel plans get a little interrupted.
00:07:00.940 The travel plans in Iran right now for the Ayatollah and his crew,
00:07:04.300 they're non-existent.
00:07:05.720 So like right now in sports right now, Luka is injured, right?
00:07:10.220 He'll be back in a few weeks.
00:07:11.600 So the Lakers, oh my God, what are we going to do?
00:07:13.660 Oh my God, we might not get the third seat.
00:07:15.820 Don't worry, you're making the playoffs.
00:07:17.560 Everything's going to be okay.
00:07:18.740 Do you remember the guy, what's the guy, DeMar Hamlin?
00:07:20.720 that basically two years ago
00:07:22.920 all of a sudden faints
00:07:24.400 and basically goes in a coma?
00:07:26.240 He's playing again.
00:07:27.660 So if you look at the news
00:07:28.980 just in terms of what's going on today?
00:07:30.720 Oh my God, oil, price.
00:07:32.380 Okay, calm down.
00:07:34.080 You know, what's the fear, greed index?
00:07:35.760 We talk about that.
00:07:36.340 Or the VIX?
00:07:37.120 Where's the VIX right now?
00:07:38.840 The point is that's the volatility index.
00:07:41.880 Things go up and down and up and down.
00:07:43.460 But we have the beauty in America
00:07:44.480 of having stability and calmness
00:07:46.640 and peace and prosperity.
00:07:48.140 And yes, there's some short-term pain,
00:07:49.680 but I guarantee you there's going to be some long-term
00:07:51.660 can I say one thing though
00:07:53.020 just to push back a little bit
00:07:54.740 we have the luxury to say that here
00:07:57.660 you're successful, you're in LA, but the average
00:07:59.640 American that's in middle America 0.99
00:08:01.820 Adam, that's going paycheck to paycheck
00:08:03.240 this has hurt them, this short-term
00:08:05.920 pain, to them, they're like
00:08:07.660 wait a minute, this sounds short-term
00:08:09.600 let me finish it, I'll give it back to you
00:08:11.280 because Adam, gas, groceries, these people
00:08:13.940 are actually struggling and they
00:08:15.940 just want to know, Adam, give us
00:08:17.960 And I get this.
00:08:18.840 We're giving them five days.
00:08:19.960 We're giving them 10 days.
00:08:20.800 We're giving around this thing.
00:08:21.880 They want a clear, and I get it.
00:08:24.160 It's war.
00:08:24.780 It's unpredictable.
00:08:25.600 I understand.
00:08:26.260 I'm not being that guy. 0.99
00:08:27.320 But for the regular average Joe American, this is kicking their butt. 0.99
00:08:33.080 Is it, though? 0.99
00:08:34.200 Yes, it is, Adam.
00:08:35.100 Let me ask you a question.
00:08:37.580 Because, Adam, in their head, they're like, okay, the short term,
00:08:40.940 how long is the short term?
00:08:42.200 They don't see an end in sight.
00:08:43.700 The majority of them, because, Adam, if you're just seeing this from,
00:08:45.740 like a take a couple steps back and look at it on a global type thing these people don't seem like
00:08:50.680 they're going to stop the i you think the rgc they're willing to literally they're basically
00:08:54.860 saying this go ahead and bomb the bridges go ahead and bomb our oil we're not going to stop
00:08:59.800 and they're putting up videos of their new leader walking into a room okay basically saying yo we'll 0.82
00:09:05.340 nuke israel that's i mean that that's where they're at so the average american adam here's 0.86
00:09:09.880 what you're saying and i guarantee you they're like bro because we have those viewers they're
00:09:14.220 out there i feel for them because in their mind they're like wait what do you mean feel short term
00:09:18.680 i don't think that they think it's short term the the average american and believe me i feel for the
00:09:22.300 average american i feel for everybody because i'm gonna how many questions do i answer on my neck
00:09:25.600 about personal finance and saving money and being smart with your money but i'll use some uh case
00:09:30.820 example shout out to tom in terms of recent memory and recent history that things were way worse in
00:09:35.880 the economy and the other are now do you think that the economy wasn't as worse as it is today
00:09:39.400 versus COVID in 2020, or when inflation hit all-time highs or next to all-time highs in 2022,
00:09:45.780 not too long ago, the economy was real bad. How did they survive? You buckle down and you survive.
00:09:51.080 You cut costs and you basically trim the fat and you live your life. 2008, I remember when the
00:09:55.660 recession happened, that affected America. That wasn't going on halfway around the world in Iran. 0.67
00:10:00.380 That was people losing their houses. That was foreclosures. That were basically your houses
00:10:04.520 is being taken away people survived in 2001 the dot-com bubble busted oh my god what's going to
00:10:10.480 happen right after y2k everything was okay so yes there's going to be some short-term pain
00:10:15.120 but there's going to be long-term gain and i feel for the average american but i would feel a lot
00:10:20.520 worse for the average american if there was a nuclear holocaust happening anywhere around the 0.91
00:10:25.340 world god forbid america you can say that's the people are suffering yeah and that's really
00:10:29.900 suffering so donate money to them no but but but the point is that's the debate we can't hand wave
00:10:34.800 over like that they got 1.3 trillion dollars in credit card debt bnpl delinquencies are up car
00:10:39.680 loan delinquencies are up and they have america to put words talk or numbers scream has not replaced
00:10:46.320 the savings that they had in 19 2019 eight years ago those savings rates were never fully replaced
00:10:53.120 they got a little bit of relief from government checks but american is america is in a tough spot
00:10:58.720 you know right now and so you got to look at it right now for where the right now why do you think
00:11:03.780 cory booker and chris van holland come out over the weekend and and don't even sound like democrats
00:11:08.480 they're asking about should anybody pay income taxes if they have 75 000 or under and they're
00:11:14.080 talking about a tax cut cory booker talking about a tax cut why is he doing that because the election
00:11:18.880 is coming and he knows americans are hurting hurting hurting and you know i just think the
00:11:24.260 long-term issue we have with this you can draw comparisons to history but right now people are
00:11:28.760 hurting we have on this is the following here's a long-term issue we have on this i i think
00:11:33.260 affordability is not a political topic set it aside i agree i think affordability is a real issue
00:11:39.240 you know and the fastest way to look at it last time we're at the house and we're having a
00:11:43.900 conversation about you know this this this fatherhood book that we're talking about i
00:11:47.720 played three clips for everybody and it was one of the clips i played is the logic clip which i
00:11:52.460 played here then i played the gene hackman clip about his father when he left at 13 and in the
00:11:58.540 interview he says it's only been 65 years and he's you know and then the dana white clip when
00:12:02.880 dana white says yeah my parents died but i don't have any sorrow anything because they were not
00:12:07.400 good parents i don't know if you've seen this clip it's a very very heavy clip and it's like
00:12:12.020 well why are we where we are today we made some very bad decisions back in the days with lyndon
00:12:17.320 johnson when we changed the entitlement programs and we started giving single mothers free money
00:12:22.180 for nothing, and we went from single mother households being from 4% in America in 1964
00:12:26.820 to not being at 41%.
00:12:29.120 We made some mistakes when in 1970 or so, only 35% of women worked in the workforce.
00:12:38.300 Right now, it's 70%.
00:12:39.460 Not because they want to, because they don't have a choice.
00:12:42.800 You need dual income.
00:12:44.500 If you have dual income, what happens if you have dual income?
00:12:47.460 You have 1.58 childbirth rate. 1.00
00:12:50.080 If you have 1.58 childbirth rate, what is the replacement?
00:12:54.200 2.1.
00:12:55.400 If this continues, then what happens?
00:12:57.780 Then we become like some of these other countries that, you know, you have a bigger, older population and a smaller, younger population.
00:13:04.240 And you see India's average age is 28 and we're at 36, 37, 38.
00:13:07.780 I don't know what our age is today.
00:13:08.900 It's getting older because we're not having babies.
00:13:11.300 Affordability is a very real issue.
00:13:14.100 Not for Trump, not for Biden.
00:13:16.280 I'm not putting it as a political thing.
00:13:18.620 It's a real thing.
00:13:19.400 And this war isn't helping the average guy out who's out there.
00:13:23.120 This is why my hopes are for this thing to be done quickly.
00:13:26.980 There was something that came out today in the morning.
00:13:28.540 I don't know if you guys saw this.
00:13:29.420 They're wanting to talk about a 45-day, what do you call it?
00:13:33.620 Cease fire.
00:13:34.460 Did you see that, Rob?
00:13:35.700 I saw something about this morning, a 45-day cease fire.
00:13:39.300 For what?
00:13:40.540 You know, for what?
00:13:41.240 The Iran mediators making the last-ditch push for a 45-day cease fire.
00:13:46.560 No.
00:13:47.680 If you do a 45-day ceasefire, what is Iran really saying?
00:13:51.340 Give us 45 days to get stronger and get some more help from Russia and China
00:13:54.580 and all this other stuff.
00:13:55.700 Get it wrapped up.
00:13:56.760 I don't know if you go a little bit lower on this, Rob,
00:13:58.440 to see how these conversations are going.
00:14:00.320 Why it matters.
00:14:01.040 Sources said the chances of reaching a partial deal over the next 48 hours are slim.
00:14:04.840 But this last-ditch effort could be the only chance to prevent a dramatic escalation
00:14:08.900 in the world that will include massive strikes on Iranian civilian infrastructure
00:14:12.800 and retaliation energy against energy and water facilities in Gulf states
00:14:16.640 driving the news president trump's 10-day deadline to iran was expected to expire on monday and now
00:14:21.560 you get 48 hours i don't know how many hours he's got left rob how many hours does he have left
00:14:24.500 uh it's eight o'clock tomorrow night so uh eight o'clock tonight or tomorrow night it was supposed
00:14:30.140 to be tuesday at 8 p.m so tuesday at 8 p.m yeah now you know jay came in and umberto they're like
00:14:36.320 hey you know when he says two days he may do it in a day or not do it at all so he may still do
00:14:40.780 something today to surprise but going back to the affordability that's a real thing that people are
00:14:45.300 going through so i want to get to the next story because we got a few i just and i'll be 10 seconds
00:14:49.780 affordability is never uh going away there's always a every year there's they say one half
00:14:55.540 to two-thirds of americans are living paycheck to paycheck that never changes what's my point
00:15:00.740 yes the government has a role here seconds buddy that's okay but it's also on you it's called
00:15:05.420 personal finance nobody disagrees personal responsibility this is a called self-worth
00:15:09.680 This is a real thing that they're going through today, and they didn't do anything about it.
00:15:15.640 Sure.
00:15:16.480 Just like in 2008, did the American people do anything about it?
00:15:20.280 But that was part of the economy.
00:15:21.820 Just like the dot-com bubble.
00:15:23.300 Just like COVID.
00:15:24.260 The affordability issue is a real long-term issue that has to be addressed no matter who.
00:15:31.380 Unfortunately, for the people to be able to address this, it's a very hard thing to do
00:15:36.360 because you have to make some changes that are going to be disruptive.
00:15:40.540 And I don't know if any politician has the audacity to do it.
00:15:44.100 I don't think any.
00:15:44.980 Do you remember when that story came out about us cutting entitlement programs?
00:15:50.480 How could that 41 million people that are taking entitlement programs
00:15:54.000 and we have to cut, you know, welfare and food stamps?
00:15:58.540 And then how long did that story last?
00:16:00.480 One week?
00:16:01.240 Why?
00:16:02.400 Because they're like, you're going to lose elections over this.
00:16:05.080 To do what's right for the American people financially,
00:16:08.080 I don't think any president will do it because you'll only be a one-term president.
00:16:11.660 It's tough.
00:16:12.140 I don't think any president will do it because you're a one-term president if you do it.
00:16:15.060 At Valuetainment, we are aggressively growing.
00:16:18.120 This thing started off with just me and Mario and a camera
00:16:20.500 to nine employees when we were in Boca Raton,
00:16:23.540 to 30 employees when we were at Dixie,
00:16:25.840 to 60 employees when it was Dixie and our federal highway property,
00:16:29.360 to now 164, 165 employees,
00:16:31.480 and growing aggressively, and we are out there looking for hire.
00:16:37.960 So before you see this video, I want to tell you exactly what is one thing we're for sure looking for.
00:16:43.840 A full-stack dev engineer, seven years' experience in end-to-end solution architecture and design for scalable systems.
00:16:51.020 Number two, track record in mentoring and developing other senior engineers in architecture.
00:16:57.720 Ten years in experience in coding in all major languages, all of them.
00:17:01.480 Comprehensive understanding of AI coding and best practices.
00:17:04.680 On-site, South Florida, we are paying reload.
00:17:07.460 Strong business acumen.
00:17:08.760 If you know somebody like that, we're hiring.
00:17:11.900 Rob, if you want to play the clip, the opportunities are massive right now
00:17:16.020 for the people that are inside.
00:17:16.980 They're seeing what's going on here.
00:17:17.980 We just put up an incredible event.
00:17:19.280 We're working on a couple SaaS products that are growing exponentially
00:17:23.720 that no one knows about.
00:17:24.860 But, Rob, go ahead and play the clip of what happens here at Valuetainment Headquarters.
00:17:28.660 Many times when people think about Valuetainment,
00:17:30.480 and all they think about is a podcast, but it's a lot more than that.
00:17:33.400 It's nine companies working together on an 11-acre campus.
00:17:37.220 If I was to give you a virtual tour here, you'll see the HR department hiring, talent acquisition.
00:17:42.220 We have full-stack developers that are working on Manac and hire metrics.
00:17:45.500 We have a full-fledged events team that puts together events with thousands of people.
00:17:49.260 We have a merch department designing the latest product.
00:17:52.300 We just launched EFLB Shoes, made in Italy.
00:17:54.880 We have a marketing department, and if you go to the complete opposite side of the building,
00:17:58.360 50, 60 people making calls, working for Bed David Consulting, sales, setters.
00:18:03.300 And then on the complete opposite side of the campus, there's a full-on production company with editors, shooters, creating content, doing podcasts.
00:18:10.040 Then you can drive down a couple miles and go to our private boardroom, Cigar Lounge, with members only.
00:18:14.860 Regardless of what it is, working at Valuetainment, every day is a surprise.
00:18:18.980 You could be walking into work and right next to you is a governor, is a billionaire, is an athlete.
00:18:24.020 We are hiring aggressively, but Valuetainment is for everybody.
00:18:27.240 For the right person, this could be the last company you ever work for.
00:18:32.380 So, if you're watching this and you want to learn more, go to vt.com forward slash careers and apply now.
00:18:40.180 And again, if you know that full-stack developer, the engineers, we're definitely interested and we're paying reload, but you got to be down here.
00:18:47.680 Okay, share the video with somebody and share the link, vt.com forward slash careers with others who are looking to want to work here.
00:18:54.480 It's a massive job.
00:18:55.660 It is, it is.
00:18:56.540 But for the right person, it can be life-changing once they find out on the inside what's really going on here.
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