Valuetainment - November 17, 2020


Your Next Move Under a Biden Economy


Episode Stats

Length

30 minutes

Words per Minute

218.78726

Word Count

6,728

Sentence Count

442

Misogynist Sentences

14

Hate Speech Sentences

1


Summary


Transcript

00:00:00.080 Whether you're a CEO, founder, C-suite executive, employee, investor, salesperson, it's very
00:00:03.900 important to know what's going to happen to the US economy under a Joe Biden administration.
00:00:09.260 So in today's episode, we're going to cover the following things.
00:00:12.040 Number one, how his policies are going to affect different industries.
00:00:16.000 And I mean every industry, energy, Hollywood, finance, we're going to cover it all.
00:00:20.120 Gold, we'll cover all that stuff.
00:00:21.680 Number two, who is potentially going to be in his administration?
00:00:25.040 Who's he choosing?
00:00:26.040 It's important for you to know because some of them is going to impact your industry.
00:00:29.040 Next, what is he going to be doing in the first hundred days?
00:00:31.920 What can he do with the tax laws?
00:00:33.660 What can he change about tax laws?
00:00:35.220 What can he not do?
00:00:36.500 Those are all things we need to know.
00:00:37.500 At the end, I'm going to share with you my next five plus moves, if I were you.
00:00:47.680 So stick around to the very end because you're going to get a PDF with everything I talk about
00:00:50.480 in this video to talk to your friends, family, coworkers, boss, board, whoever it may be.
00:00:55.340 But before we get into everything, I think it's very important we preface what is really
00:00:59.720 going on right now.
00:01:00.720 So right now the score is 279 to 217 Biden.
00:01:04.260 Biden's got the lead.
00:01:05.800 Although Georgia and Arizona doing a recount by hand, by the time you watch this, the results
00:01:09.900 may be out already.
00:01:11.220 You know, the House Dems own 218 to I believe 202.
00:01:16.220 I want to say the Dems lost five seats.
00:01:18.860 The Republicans took six seats.
00:01:21.800 On the Senate side, Republicans now have 50 to 48.
00:01:24.860 They took on Alaska, so they're now 50 to 48 with two seats left.
00:01:28.700 When it comes down to Senate, which is going to be the biggest, biggest runoff we've had
00:01:32.400 with $200 million being spent in Georgia.
00:01:35.440 These are the candidates you're looking at right now.
00:01:37.580 For Senate, you're looking at Democratic Raphael Warnock going against Kelly Loeffler, Republican.
00:01:43.900 Then you're looking at John Ossoff, Democrat, going against Senator David Perdue.
00:01:48.240 This is a red state.
00:01:49.600 The last time Georgia had a Democratic Senator was in 2000, Zell Miller.
00:01:53.520 So this is very important for a lot of things I cover, because the $1.5 trillion tax cut
00:01:58.120 that Biden may want to get rid of, he needs the Senate.
00:02:00.920 I talk to my accountants, my CPAs, a lot of different people.
00:02:03.640 They can't do this.
00:02:04.640 But if it's 50-50, 50 seats Dems, 50 seat Republicans, the person that becomes the tiebreaker
00:02:11.280 vote is Kamala Harris.
00:02:12.960 So it's very, very important what's going on.
00:02:14.720 We're not going to know those two seats until January.
00:02:17.480 That's why $200 million of money is being spent.
00:02:20.080 Republicans are going there.
00:02:21.080 Democrats are going there that have nothing to do with the state.
00:02:23.660 Everybody's campaigning there.
00:02:24.720 And last but not least, one of the things that could also take place is, say Trump ends
00:02:28.960 up conceding and losing, he may want to have a negotiation taking place so he could be pardoned
00:02:35.460 for any future issues so they cannot just come back and keep him in court for a while.
00:02:39.080 A lot of these things are on the table that is currently taking place.
00:02:42.240 So let's set that part aside.
00:02:44.000 Let's set that part aside.
00:02:44.880 Let's talk about what Biden's plans are in his first 100 days.
00:02:49.360 So there are a lot of different things on his mind, but the number one thing on his mind
00:02:51.740 is the hand link of coronavirus.
00:02:54.000 And he brought on board the chief of coronavirus task force, Michael Osterham, who he has suggested
00:02:59.780 two Biden debt, it is a good idea for us to shut down the economy for four to six weeks.
00:03:05.540 So remember this, four to six weeks shutdown many times can lead to a 90-day shutdown.
00:03:10.540 Because if we go four to six weeks and the economy's not still recovering, you have to
00:03:14.300 know that we may say, let's go another four weeks.
00:03:16.420 If we've already gone six weeks, let's go four more weeks, and I can easily turn into 90 days.
00:03:20.980 Which leads to the stimulus package.
00:03:22.860 What's he going to do?
00:03:23.860 Because if you're going to shut down the economy for four to six weeks, what are you going to
00:03:25.860 be doing?
00:03:26.860 So here's where he's at with the stimulus.
00:03:27.920 He has ideas, but nothing is specific.
00:03:30.060 For example, the CARES Act that Trump had, he has something similar to that that he wants
00:03:34.280 to announce, which is helping out 160 million people, paying him $1,200 a month.
00:03:38.680 But he doesn't know the exact number yet because he's got to get it past Senate and the House.
00:03:43.180 Number two, extension of unemployment benefits, which we had $600 a week for unemployment provided
00:03:48.220 by many different states.
00:03:49.280 And the temporary relief provided additional $300 a week for six weeks.
00:03:53.480 Biden has no specific plan for that.
00:03:55.100 He just says, I'm going to do something like that.
00:03:57.280 The next one is bigger monthly Social Security checks.
00:03:59.720 He wants to increase the monthly Social Security checks that the current beneficiaries are getting
00:04:04.180 $200 more.
00:04:05.180 He wants to put $200 more to that.
00:04:07.200 The other potential measures he could take is more money to small businesses, emergency sick
00:04:11.080 leave for everyone who needs it, fiscal relief to states.
00:04:13.760 He also wants to do no out-of-pocket money for COVID-19 testing, treatment, and an eventual
00:04:18.520 vaccine.
00:04:19.520 So you're not going to be paying for that stuff.
00:04:20.520 That's what he wants to pass.
00:04:21.740 So now the question becomes, can he do all of this stuff by himself without needing the
00:04:24.540 Senate or the Republicans to support it?
00:04:27.000 He will use wartime legislation known as the Defense Production Act DPA to compel U.S.
00:04:31.200 businesses to make personal protective equipment, medical supplies, ventilators, and whatever
00:04:35.360 else the U.S. needs to tackle the pandemic.
00:04:37.360 Biden also has set out plans to increase unemployment insurance, send more direct payments to struggling
00:04:41.800 Americans, forgive some student loans, and provide more aid to small businesses.
00:04:46.240 But here's a big but, Biden will probably need Republicans' support for a major stimulus
00:04:52.080 package.
00:04:53.080 And after running up the biggest budget deficit in history under Trump, the Republicans have
00:04:58.000 begun talking about the necessity to balance the books once more.
00:05:02.680 The other issue that's on top of his list is climate change.
00:05:05.080 Biden himself said, number one issue facing humanity is climate change.
00:05:09.560 So the whole Paris Climate Accord, they're going back at it with the 174 other countries.
00:05:15.260 He's also introduced a climate change proposal for $1.7 trillion in federal spending over the
00:05:20.460 next 10 years.
00:05:21.800 So that's where he stands with climate change.
00:05:24.000 Another thing that he's working very aggressively is the minimum wage topic.
00:05:26.480 You see a lot of different states.
00:05:27.680 Obama just announced, we're going to $15 minimum wage by 2026, which means they're going to increase
00:05:32.640 the minimum wage a dollar every year.
00:05:34.520 But Biden wants to make the federal minimum wage from $7.20 to $15.
00:05:41.020 That is $7.20 to $15 to all the restaurants that the waiters, waitresses get paid $7.20 minimum
00:05:47.400 wage plus tips, their cost is going to double.
00:05:49.960 Wait till you see what's going to happen to the restaurant and hospitality industry.
00:05:53.520 Here in Minimum, we look at it.
00:05:54.440 So he will be facing and challenging the Republicans to raise federal minimum wage to $15 an hour.
00:06:00.600 Another thing is he's continuously talked about, he wants to give two years of college-free
00:06:03.980 community college to every single American family that wants to go to college.
00:06:07.980 But it's a little bit more technical than that.
00:06:09.700 Let me kind of unpack it for you so you know how this is going to work out.
00:06:12.500 Biden could wipe out $50,000 a student did per borough without Congress.
00:06:16.480 Here are three other areas where he can help the struggling U.S. economy, even with a GOP-controlled
00:06:22.200 Senate.
00:06:23.200 Now this is the part.
00:06:24.360 Biden has proposed for giving $10,000 in student loans.
00:06:29.360 Biden has proposed for the next president to cancel up to $50,000 in student loan debt.
00:06:33.520 The President of the United States has the power to broadly cancel student loan debt, help
00:06:37.060 close the racial wealth gap, and give a big boost to families and our economy, Warren said
00:06:42.360 in a statement in September.
00:06:43.680 It's time to use the existing authority and permanently improve the lives of tens of millions
00:06:48.520 of Americans.
00:06:49.520 The other part.
00:06:50.520 Biden has proposed for giving $10,000 in student loan debt for borrowers as part of coronavirus
00:06:54.960 relief package.
00:06:55.960 Nearly 42 million Americans owe a total of $1.7 trillion.
00:06:59.800 Why does this matter?
00:07:00.680 Why does Elizabeth Warren matter?
00:07:02.680 Because you're going to find out here in a minute if she is going to be part of his cabinet.
00:07:05.680 The next one's pretty obvious, Affordable Health Care Act, aka Obamacare.
00:07:09.620 He's going to bring that back and probably try to get it even to be more extensive than
00:07:13.240 what it was before because Obama was a person, he was a VP too, and Obama campaigned for him.
00:07:18.840 There's got to be a certain level of loyalty to bring that back up, so expect that to come
00:07:22.400 back around in the first hundred days.
00:07:24.300 As far as travel bans go, many of those are going to go away, starting with abandoning
00:07:27.740 Trump's travel ban on mostly Muslim countries.
00:07:30.820 That's going to go away.
00:07:31.700 And next one is taxes.
00:07:33.020 He is planning on getting rid of all of the $1.5 trillion Trump's tax plan that he unveiled
00:07:39.620 in 2017.
00:07:40.620 Biden wants to get away with it.
00:07:42.400 Now, what does this really mean to you?
00:07:43.560 I'm going to explain every one of them for you so you can kind of get an idea.
00:07:46.560 Trump's tax plan, if you look at the screen right now, he lowered corporate taxes to 21%,
00:07:50.960 Biden wants to increase it to 28%.
00:07:53.120 Income and payroll taxes 37% under Trump, Biden wants to increase the top line to 52%.
00:07:59.120 Small business taxes went down to 29.6%, Biden wants to increase that to 39.6%.
00:08:05.200 Capital gains and dividend taxes went down to 23.8%, he will be increasing that to 43.4%.
00:08:12.500 So the concern with a lot of business owners, private equity, VC, you're going to see what's
00:08:15.440 going to happen to them here in a minute because they're going to be affected by this, as far
00:08:18.260 as industries goes, is the following.
00:08:19.960 What's going to happen with taxes?
00:08:21.220 And can Biden, with an executive order, go ahead and revert back all of the tax cuts that
00:08:27.560 Trump gave?
00:08:28.560 And here's the answer.
00:08:29.560 The answer is no.
00:08:30.760 But there's a technical no.
00:08:32.620 He may not be able to get rid of all of it.
00:08:34.600 This is why Georgia matters so much with the two Senate seats, the race that's going on.
00:08:39.140 It's very, very important.
00:08:40.540 But he can make adjustments, meaning, if himself, you know, if some of the guys on Republicans
00:08:45.140 that come back and say, listen, 28, maybe we're not going to do 21.
00:08:47.820 Maybe we raise it 21 to 25.
00:08:49.580 They may then negotiate to change some of those numbers, but it may not come back up.
00:08:54.440 So there may be some kind of negotiation going on in 2021.
00:08:58.040 But if he wants to cut all of it and get rid of it, he's going to need the Senate.
00:09:01.720 So Georgia's going to matter more than ever before.
00:09:04.500 This is why they're spending $200 million in Georgia.
00:09:07.580 So let's go through the cabinet real quick.
00:09:09.020 These are just some of the names that's been thrown around.
00:09:10.880 We can decide for yourself whether you like it or not.
00:09:12.760 But this is what he's looking at right now as far as cabinet goes.
00:09:16.340 Secretary of State.
00:09:17.340 He's looking at Susan Rice, Obama's National Security Advisor, or Anthony Bilkin, Obama's
00:09:21.640 former Deputy Secretary of State and Deputy National Security Advisor.
00:09:25.260 So he's looking at some of the guys that were under Obama.
00:09:27.340 So what Obama had is what Biden's planning on having.
00:09:30.540 As far as Secretary of Defense goes, he's looking at Michelle Flourney, which is Hillary's
00:09:33.580 pick in 2016, former Undersecretary of Defense, or Jeff Johnson, Obama's Department of
00:09:38.620 Homeland Security, which is again, you're getting what Hillary and Obama had as far as Secretary
00:09:44.080 of Defense goes.
00:09:45.080 As far as Attorney General goes, he's looking at Sally Yates, career federal prosecutor.
00:09:49.620 She's the one who refused to defend Trump's executive order, banning travelers from several
00:09:53.860 Muslim majority countries.
00:09:55.260 So you know what role she's going to play.
00:09:57.060 He's also looking at Senator Doug Jones from Alabama, or Tom Perez, who's a DNC Chairman.
00:10:01.480 Now, as far as the Secretary of Treasury goes, this is where it gets interesting.
00:10:06.240 Number one on his list.
00:10:07.940 You ready?
00:10:08.940 Senator Elizabeth Warren.
00:10:11.020 Financial industry, brace for impact.
00:10:12.820 Now let's look at Secretary of Homeland Security.
00:10:14.360 He's looking at Lisa Monaco, Obama's Homeland Security Advisor, or Alejandro Mayorkas, former
00:10:18.720 Director of U.S. Citizenship and Immigration Services.
00:10:21.860 This could be a lot of different possibilities for the dreamers.
00:10:24.540 This next one's very important.
00:10:25.720 Secretary of Labor.
00:10:26.720 You know who he's looking at?
00:10:27.720 Bernie Sanders.
00:10:28.720 You know what Bernie Sanders wants to do?
00:10:31.040 Raise federal minimum wage to 15 bucks an hour.
00:10:34.280 So again, brace for impact.
00:10:36.660 Next one is Secretary of Commerce, which he's choosing, I believe it may be, Meg Whitman,
00:10:40.960 which is a former CEO of Quibi that just went out of business.
00:10:42.940 They raised 1.8 billion, but she did a great job at eBay.
00:10:46.240 She took the company, I believe, from 4 million a year to 8 billion a year, and from 30 employees
00:10:51.140 to 15,000 employees.
00:10:52.680 And she ran for governor in the state of, you know, as a Republican in the state of California.
00:10:56.400 So she's actually not a bad pick to have as Secretary of Commerce.
00:11:00.080 As far as Secretary of Energy goes, he is looking at Ernest Moniz and Elizabeth Sherwood
00:11:04.180 Randall, both on Obama's cabinet for energy.
00:11:06.380 The challenge is Moniz is tied to fossil fuels, so progressives may not think he's far left
00:11:11.160 enough to push the agenda that they're trying to push with Biden.
00:11:14.520 Then you have Administrator of the Environmental Protection Agency, Mary Nichols is number one
00:11:18.400 on that list.
00:11:19.400 They call her the Queen of Green.
00:11:21.400 California air regulator, who she is.
00:11:22.920 And this is very important, because if they want to do anything with climate change or
00:11:26.100 the $1.7 trillion plan over the next 10 years, she's probably going to be pushing that and
00:11:30.360 spearheading that project.
00:11:31.720 Last but not least, Head of Veteran Affairs, he's looking at somebody that made a big name
00:11:34.180 for themselves in this last election, and that's Mayor Pete Buttigieg.
00:11:37.640 He was in the military before himself, so he has experience and he has strong opinions,
00:11:41.820 so that's going to be who he's putting there for Head of Veteran Affairs.
00:11:44.880 So before I get into the next part, if you're getting value so far about what I'm talking about
00:11:47.860 in the episode, push that thumbs up button and the subscribe button.
00:11:51.540 If you did so, I appreciate you for doing so.
00:11:53.360 Let me get right into it.
00:11:54.360 So, industries.
00:11:55.420 How are industries going to be affected under a Biden administration?
00:11:59.160 Let's talk about airlines.
00:12:00.280 So airlines were taking a big hit, Pfizer announces vaccine, stock explodes some 20, 30, 40% for
00:12:07.460 some of these companies.
00:12:08.980 Some were talking American Airlines may go out of business, but what's going to happen under
00:12:11.980 Biden?
00:12:12.980 What are the challenges that they're going to be facing?
00:12:14.860 Number one, Biden is all about the mask, and he's all about social distancing, and a lot
00:12:20.900 of the airlines recently have been getting away with being able to sit next to each other
00:12:25.740 with a mask on.
00:12:27.220 Biden may enforce six feet social distancing, so flights may not be full, meaning you cannot
00:12:33.520 have another person sitting next to you that's a stranger unless if it's your family, and that's
00:12:37.400 going to take a big hit for airlines.
00:12:39.660 The other one is the fact that what they're doing right now, if by any chance these airlines
00:12:45.080 start kind of hurting and their numbers drop off, he and his administration may force for
00:12:50.820 some of them to acquire one another.
00:12:52.780 So the airline industry could be a very fickle, I know these guys go on very small margins,
00:12:57.540 3.5%.
00:12:58.540 The airline industry's not going to be looking good under a Biden administration.
00:13:01.960 Next automobiles.
00:13:02.960 This one's going to be interesting because, you know, he's all about climate change, and
00:13:07.320 they're going to want to bring back given tax credits to buyers who buy electric cars.
00:13:12.200 So we're talking about it's going to benefit Tesla, probably Volkswagen, GM, Ford, and any
00:13:16.740 other manufacturer that's making cars that are electric.
00:13:20.700 However, all the other cars that are oil burning cars, they're probably going to take a big hit.
00:13:26.080 So watch that very closely.
00:13:26.740 You will see some companies go like this, and some are going to take massive hits.
00:13:30.700 Cannabis industry could be very ecstatic based on some of the things that Biden administration
00:13:33.940 is working on, meaning you have the States Act, and the Moore's Act, that currently puts cannabis
00:13:40.000 as a controlled substance.
00:13:41.660 But if those go away, then you're talking about the tax code 280E.
00:13:46.540 If you're in the cannabis industry, you know what I'm talking about.
00:13:49.020 That allows the entrepreneur, the business owner, to write off their operating expenses
00:13:55.060 on a monthly basis, which means their profit's going to go higher, and they can net more.
00:13:59.000 It's all going to be good.
00:14:00.000 Those things go together, it's removed as a controlled substance, it benefits the cannabis
00:14:04.600 industry.
00:14:05.600 So let's talk about casinos and gambling.
00:14:06.600 So one thing we do know is the fact that online gambling and online betting is on fire.
00:14:11.600 One of the fastest growing segments of casinos right now.
00:14:15.280 It's not even close what they're doing.
00:14:17.400 Last year, the Trump administration wanted to reinforce the 1961 Wire Act, which kind of
00:14:23.680 hurt the online gambling industry.
00:14:26.340 And Biden's not for it.
00:14:27.340 He's totally against it.
00:14:28.800 So the online gambling industry may do well under a Biden administration.
00:14:33.400 However, if they're going to still shut down for another four to six weeks, which his chief
00:14:38.100 of task force for coronavirus is suggesting to do, the physical casinos may take a hit.
00:14:44.320 Online gambling may do very well.
00:14:46.280 But he may give a stimulus to the union that's dealing with casinos.
00:14:49.640 So again, a lot going on there, but it's something to think about if you're in that industry.
00:14:53.940 So manufacturers, which is a big part of the economy, has taken a hit due to the tariffs
00:14:58.380 that Trump put against China and some of these other countries.
00:15:02.240 Obviously, Biden is a little more pro-China than Trump is.
00:15:06.240 As a matter of fact, not a little bit more, a lot more.
00:15:08.540 He's always done business with China.
00:15:09.940 He's probably going to remove a lot of those sanctions towards China, which means Boeing,
00:15:15.240 well, a lot of those companies, GE, that is doing business out there, they're probably
00:15:19.560 going to continue.
00:15:20.560 So those tariffs are going to help a lot of the manufacturing company that we have in
00:15:23.820 America.
00:15:24.820 It's going to help us short term, long term.
00:15:27.960 It's just going to strengthen China.
00:15:29.400 So next one is restaurants, which restaurants are not in a good place right now for many different
00:15:33.300 reasons, especially what happened with the pandemic and they were shut down 75%, 50%,
00:15:37.240 25%.
00:15:38.240 You know what I'm talking about.
00:15:39.240 They have to put the plexiglass.
00:15:40.240 Last, a lot of restaurants couldn't afford to put the plexiglass following all the guidelines.
00:15:44.260 The restaurant industry is going to take a massive hit.
00:15:46.840 Here's why.
00:15:48.080 He is thinking about enforcing a $15 minimum wage, Bernie Sanders, Elizabeth Warren, you
00:15:53.800 kind of already see that taking place.
00:15:55.660 If he does, again, we talked about this before, restaurants typically pay minimum wage to their
00:16:00.080 waiters and waitresses and they make money on the tip, so they make $720.
00:16:04.240 Now restaurants have to raise that $720 to $15, which it may not be a big deal in a big market
00:16:09.060 like Miami or New York or Chicago or Dallas or San Francisco or LA, but it's going to
00:16:14.300 hurt the restaurant business and the rest of America.
00:16:17.860 That's not a big market.
00:16:18.960 They can't afford to take it to $15.
00:16:21.280 They will.
00:16:22.280 And then at the same time, shutting down and doing that part, in 2019 the numbers came back
00:16:27.240 on what is the cost, the operating expense on what it is to run a business for restaurants.
00:16:32.240 31% is their labor.
00:16:34.160 That's more than the amount of money they spend restaurants on food.
00:16:36.400 31%.
00:16:37.400 So imagine that 31% doubles if you take minimum wage from $720 to $15.
00:16:42.300 Restaurants are going to take a massive, massive hit if they continue the way they're going
00:16:46.540 right now with some of Biden's ideas.
00:16:49.360 Retailers, this one's pretty easy.
00:16:50.360 I mean, this is a non-essential industry, so at any point they can shut them down and
00:16:53.080 not go to work.
00:16:54.080 And to take them from $720 to $15, a lot of retailers are going to take a big hit with
00:16:58.320 us raising it and shutting down.
00:17:00.280 So it's going to be a double whammy for the retail industry.
00:17:02.840 So the next one is pharmaceuticals, which, you know, he has said that he's going to go
00:17:05.740 back and renegotiate prices with these big pharma companies and say, hey, you know, you
00:17:09.260 got to achieve, you're making too much money.
00:17:10.780 But I think it's a lot of talk with this one because Obamacare only helped those guys.
00:17:15.820 So to come out with this, when we know when Obamacare came out, cost went up 40% as an
00:17:19.580 employer myself.
00:17:20.620 I was getting health insurance for everybody like this, insurance went up.
00:17:23.060 So if that comes back around at the levels that he wants it, and he says he's going to
00:17:28.020 go negotiate with big pharma, I just don't see that happening.
00:17:30.920 So I don't see a lot changing on the big pharma industry.
00:17:34.540 So now let's talk about the big technology companies.
00:17:36.460 We start off with Google or Alphabet.
00:17:38.500 They're going to take a very big hit.
00:17:39.960 Here's why.
00:17:40.960 So, you know, early days when the internet first came out, there was something called
00:17:44.120 Section 230, which prevented these big technology, social media companies, Google companies,
00:17:49.580 from being sued for what the user says.
00:17:51.260 So imagine I put up something, and I say something, and I have something that's inaccurate.
00:17:56.720 Section 230 protected YouTube and Google from saying, I didn't do it.
00:18:00.040 Our users did it.
00:18:01.040 I didn't do it.
00:18:02.040 Somebody on Facebook posted it.
00:18:03.040 I didn't do it.
00:18:04.040 Somebody said it on Twitter.
00:18:05.040 Biden wants to enforce and get rid of Section 230 to put the liability on the company, which
00:18:09.740 means a company like Google, YouTube, Facebook, may have to hire a whole new department to approve,
00:18:16.220 watch this, to approve every video before it gets uploaded on YouTube.
00:18:20.880 So imagine if that happens.
00:18:21.940 Number one, the speed up getting approved video.
00:18:24.580 That's going to take a long time.
00:18:25.580 Number two, it's going to get the interest away from people who want to create content
00:18:28.620 so they could go away.
00:18:29.620 So this could really throw a wrench into Alphabet and Google.
00:18:33.660 He's not going to be as friendly to them, it seems like, as Obama was a few years ago
00:18:37.760 when he was the president.
00:18:39.320 So the next one is Amazon.
00:18:40.740 The thing with Amazon is under every administration.
00:18:43.140 It's just nobody's been able to do it going up against Bezos, and I don't know if he's going
00:18:46.900 to be able to do it or not.
00:18:49.160 Amazon's probably the closest thing to a monopoly that we have in America today.
00:18:52.140 Although Walmart growing helps Amazon, and some of these other guys growing helps Amazon.
00:18:56.180 But he may want to get in the way because Amazon is the number one product developed.
00:19:02.020 They have products, but they're also sellers.
00:19:04.320 So they're working on both ends, and that kind of gives them an edge and a lack of accountability
00:19:08.720 and somewhat of an accountability.
00:19:10.720 So he may make it very hard for Amazon.
00:19:12.900 He may not.
00:19:13.900 I don't know.
00:19:14.900 Amazon.
00:19:15.900 But he may want to do it.
00:19:16.900 So we'll see.
00:19:17.900 So let's talk about Apple.
00:19:18.900 Even though Tim Cook, under Trump's administration, had a good relationship going on.
00:19:21.400 Even though politically they fully disagree, this may actually be a good thing for Apple
00:19:25.280 because Biden, again, what he does with China, he cuts those tariffs, regulation, opens it
00:19:30.340 up.
00:19:31.340 Apple cannot produce their phones in China for cheaper costs, bigger margins for themselves.
00:19:35.900 That's going to be beneficial to them.
00:19:37.020 And at the same time, a lot of Apple's engineers that they were recruiting, it made it easier when
00:19:41.780 they had the H-1B visas, but Trump made it a little bit harder.
00:19:44.680 I have a feeling Biden's going to make it easier to get those visas, which means more
00:19:47.940 engineers could come and work for Apple.
00:19:49.760 So it could actually end up being a good thing for Apple.
00:19:51.920 Again it goes to China.
00:19:53.140 So if those tariffs open up, the chip maker industry, $400 billion a year, Intel, you've
00:19:58.340 got a lot of different companies that are making it in China, they're going to benefit
00:20:02.840 from it.
00:20:03.840 But at the same time, the sanctions that Trump put on Huawei, Biden may loosen up, he may eliminate
00:20:08.780 all the sanctions with Huawei.
00:20:10.020 And Huawei was a, I don't know if you remember a few years ago, everything we heard about
00:20:13.380 on daily basis was Huawei, Huawei, Huawei.
00:20:16.240 Huawei may be another company you may be hearing about on a daily basis again, if Biden loosens
00:20:20.300 up those tariffs.
00:20:21.300 Hollywood.
00:20:22.300 Let's talk Hollywood.
00:20:23.300 So Hollywood's going to have an interesting time, because when's the last time you saw a
00:20:25.300 new movie coming out that you were excited about?
00:20:26.640 Honestly, when's the last time you watched the movie, like, oh my gosh, it's a big actor.
00:20:30.460 Not happening right now, because they're not working, right?
00:20:32.360 So Hollywood's really taking a big hit with COVID.
00:20:35.980 But Biden's policies could absolutely hurt Hollywood because of social distancing, because
00:20:42.120 of all these other parameters and guidelines you have to follow.
00:20:45.740 So they may double or triple the cost of these, you know, studios that are trying to produce
00:20:50.800 a movie.
00:20:51.800 So again, and then the four to six weeks, so Hollywood's still going to take a hit.
00:20:55.320 For as long as Biden's administration wants to believe in a shutdown, Hollywood's going to
00:20:59.200 take a big hit.
00:21:00.260 Social media, this one's interesting because we're talking about Facebook, Twitter, YouTube.
00:21:03.140 So it's going to be not good for content creators, because Facebook and Twitter, every time they
00:21:09.600 went against Trump or they did something that they wanted to remove a post, Trump from the
00:21:14.000 top is like censorship, censorship, censorship, censorship.
00:21:17.380 And they have to go to court, constantly defend themselves.
00:21:20.000 And it was always as embarrassing, things you were seeing on interviews and being held
00:21:23.940 and all this stuff.
00:21:24.940 It's not going to happen under Biden.
00:21:26.760 Biden's going to be a little bit more lenient, which they're going to have more ability to
00:21:29.920 go and say, we want to delete this.
00:21:31.880 And the president's going to say, you have the right to do so.
00:21:33.560 That may take place.
00:21:34.560 And on top of that, Biden's probably not going to tweet as often as Twitter is, as often
00:21:39.960 as Trump is, which means that could hurt Twitter stock because so many people, those who love
00:21:45.320 them, those who are in the middle and those who hate them, simply log on on Twitter every
00:21:49.080 day to see what Trump has to say.
00:21:50.600 And if Trump goes from tweeting 10 times a day, 20 times a day to once or twice a day under Biden,
00:21:55.540 I don't know.
00:21:56.540 I don't know if Twitter wins here.
00:21:57.540 Especially if Trump just decides to go to a complete different place, Twitter may actually
00:22:01.100 take a hit the next couple of years.
00:22:02.780 I think Facebook, Google, YouTube, their backing's going to be stronger because Biden's going
00:22:06.580 to let them be a little bit more loose and censor whoever they want on the right.
00:22:10.480 So telecom and wireless may not be too happy with Biden because Biden may get in there and
00:22:14.220 want to force them to lower their prices.
00:22:16.080 Because for the longest time, you know, telecom and these guys have been going at it.
00:22:18.920 They don't have like 50 competitors.
00:22:20.700 It's just a handful of people that keep competing for the same margin.
00:22:23.060 This guy's got 21%, 19%.
00:22:25.300 But if he starts going in there saying, your pricing's too high, your pricing's too high,
00:22:28.620 your pricing's too high, they'll have to change costs for phone, for internet, for service,
00:22:33.160 a lot of that stuff.
00:22:34.320 So I don't know if it's going to be a good time for telecommunication the next two or
00:22:37.420 four years.
00:22:38.420 So agriculture is a little bit technical as well.
00:22:39.920 So first of all, you know he's not for oil.
00:22:42.180 He's talked about it a lot, fracking oil, all that stuff.
00:22:44.400 So a lot of these companies that make those corn or soy biofuels that is used in motor fuels,
00:22:51.580 from agriculture and farms, they're going to take a hit potentially.
00:22:54.820 But if he opens up the tariffs with China, they can now sell to other places, so that
00:22:59.700 could benefit them.
00:23:01.140 And then the meatpacking companies that are constantly taking shots at them by Cory Booker
00:23:05.960 or Elizabeth Warren saying they're feckless, you know, they're not responsible because
00:23:09.580 people are working so closely, kind of like Amazon.
00:23:11.620 All these guys are working at the place.
00:23:13.160 They may enforce some social distancing.
00:23:14.900 So it's a lot of different things going at the same time.
00:23:17.740 Some are going to enjoy it, some are not going to enjoy it.
00:23:19.500 So energy industry is also going to be interesting because there's a lot of different moving parts
00:23:22.920 with this one too.
00:23:23.920 Because on one end, he doesn't want oil, but at the same time he wants to go more green
00:23:29.380 with the whole $1.7 trillion over 10 years.
00:23:32.120 But if they don't have the Senate, he's not going to be able to pass a $1.7 trillion over
00:23:36.320 10 years.
00:23:37.420 So green may do well if they have Senate 50-50, because Kamala will be voting.
00:23:41.220 But if they don't, they probably can pass that, cannot pass that.
00:23:44.780 So it's going to help green.
00:23:46.220 It's going to hurt oil.
00:23:47.680 Again, it's going to be a lot coming down to whether they're going to have control over
00:23:50.800 Senate or not.
00:23:51.800 All right, gold and precious metals.
00:23:53.000 This one's going to be simple because any time we print more dollar, more money, the
00:23:56.640 more we give away stimulus, entitlement programs, I'm going to give away this money here, that
00:24:00.680 money here.
00:24:01.680 The more we print, the value of gold goes higher.
00:24:03.880 So he's planning on printing a lot of money over the next two to four years.
00:24:07.060 That means the value of gold, gold and precious metals should go higher the next two to four
00:24:11.340 years.
00:24:12.340 So finance and how the market's going to do, first of all, the more money, free money we
00:24:15.280 give away to people, short term we do better.
00:24:16.460 It's that simple.
00:24:17.460 The market's going to get a boost because people have more money to spend.
00:24:20.500 Short term we're going to look good.
00:24:21.720 Long term, we're going to be in shambles.
00:24:23.460 You're talking about stagflation, inflation, a lot of prices will pay long term.
00:24:27.620 Short term, it'll look pretty.
00:24:29.520 Long term, your kids or grandkids are going to be paying a lot of taxes very soon.
00:24:35.580 All right, venture capital and private equity.
00:24:37.500 This one, he's committed to giving $10 billion into the economy to go buy and invest into
00:24:41.720 startups and all this other stuff.
00:24:43.000 So there's going to be some, not nationalized, but government owned companies that they own
00:24:48.620 shares in the company.
00:24:49.620 So that's going to be taking place, which if there's going to be anybody, one has a business
00:24:52.420 partner, it's probably not the government, as an owner of your company.
00:24:56.500 But at the same time, I think a lot of VCs, a lot of private equity is going to be a little
00:25:00.340 bit tighter.
00:25:01.340 Taxes are going to go up for them.
00:25:02.740 Some of them are going to try to sell this year, some of them are going to try to time it.
00:25:05.760 A lot of sellers and founders may hang on to their business or their portfolio to not
00:25:09.540 sell it soon.
00:25:10.540 They'll hang on to it for four to eight years, maybe they'll sell a percentage, retain more
00:25:14.000 long term.
00:25:15.000 But this is going to get very, very technical to private equity and VCs on what's going
00:25:19.200 to happen with the new tax plans, especially if Republicans lose Senate in Georgia.
00:25:24.900 All right, so we just talked about different industries, now let's talk about your next five
00:25:28.300 moves.
00:25:29.300 I'm going to give you three additional moves on top of the five moves.
00:25:32.300 Number one move, whatever you're doing right now, whatever industry you're in right now,
00:25:35.360 the first thing you've got to do is you've got to go meet with your CPA.
00:25:38.120 And don't wait.
00:25:39.480 Meet with them and ask questions, specifically, how are the noon tax laws going to affect me?
00:25:45.540 But don't wait until 2021.
00:25:47.680 Meet with your CPA ASAP.
00:25:49.720 That is your number one move.
00:25:52.440 Number two, all the names I gave you on this cabinet, go study them and find out how progressive
00:25:56.860 they are.
00:25:57.860 Because the more progressive they are, the more taxes are going to go higher.
00:26:01.360 There's going to be a lot of different changes taking place.
00:26:04.120 But don't just kind of wing it.
00:26:05.120 Go study who he's choosing for his cabinet because it's going to affect you and your family.
00:26:09.540 Do some math and study who's going to be president in 2024.
00:26:12.120 If Biden is president, by 2024 he'll be 82.
00:26:16.120 Is he going to run again on the second term?
00:26:19.180 Or if he's not, who will be replacing him?
00:26:21.020 Is it going to be Kamala Harris?
00:26:22.860 Which leads me to point number four.
00:26:24.680 If Biden's going to be 82, he's already going to be the oldest president we've ever had, 78
00:26:28.360 years old.
00:26:29.360 But he'll be 82 years old.
00:26:30.520 Can he have the energy to run again for another eight years, four years to be a president
00:26:33.740 at 86?
00:26:34.740 I don't know.
00:26:35.740 If he decides to step away and Kamala's going to be the president and she chooses a VP or somebody
00:26:39.300 bumps up to be the VP.
00:26:41.500 The next thing you've got to study is what is Kamala Harris's policies?
00:26:44.020 How far left is she, how progressive is she?
00:26:46.240 Because if she becomes a president and replaces Biden, you just have to be prepared.
00:26:50.600 If that takes place, are you okay with the policies?
00:26:53.240 And whatever they may be, how do you need to pivot based on Kamala Harris's policies?
00:26:57.160 So don't just study Biden's policies, you've got to study Kamala's policies as well.
00:27:01.680 So number five, the election matters a lot.
00:27:03.400 Don't get me wrong, presidency matters a lot.
00:27:04.920 But this midterm is probably going to be just as important as the election that we had.
00:27:10.520 So take a very close look at the midterms, because Congress won, and the Republicans
00:27:15.280 picked up six seats, Democrats picked up five.
00:27:17.920 Are they going to keep during the midterms, or will Republicans flip more seats to take
00:27:22.460 over House and the Senate?
00:27:24.320 And if that does happen, what can they really pass?
00:27:27.520 It's just going to be an executive, you know, what do you call it, executive orders, nonstop,
00:27:33.420 back to back to back.
00:27:34.620 And he won't be able to pull a lot of the plans that they want to pull if they lose House
00:27:38.580 and Senate.
00:27:39.580 If, the flip side, if they get all three, they can do anything they want after midterms.
00:27:47.060 Next, if you're a founder CEO, when you meet with your CPA, don't just ask how the taxes
00:27:52.760 affects you.
00:27:54.300 Ask how the taxes affects your investors.
00:27:56.700 Ask how the taxes affects your employees, your salespeople, your clients.
00:28:01.220 Every body that directly or indirectly is doing business with you.
00:28:05.840 Because you want to know where they're at, to also be able to know their strengths, their
00:28:10.340 weaknesses, their positioning, so you can help them out, so you can strengthen your partnership
00:28:14.880 with them, whether it's your employees, your salespeople, your partners, or your vendors.
00:28:19.300 So point number seven is the complete opposite of point number six.
00:28:22.100 If you're an employee, or a salesperson, or an executive in a company, but you're not
00:28:25.620 a CEO or founder, go study taxes and see how it affects all of you, including your customers,
00:28:31.180 and how it affects your CEO and founder.
00:28:33.560 Because if you study that, then you'll be able to say, I can't understand what my boss
00:28:37.860 is going through right now.
00:28:38.860 I may not be in a position to go out and ask for big grades because his taxes just went
00:28:42.980 up.
00:28:43.980 Let me understand his positioning.
00:28:44.980 Because if you go to him, he's going to say, what are you talking about?
00:28:48.120 I just have to give 20% more this year than I paid last year.
00:28:51.240 We can't do a lot of that stuff right now.
00:28:52.640 My hands are tied behind my back.
00:28:54.780 So go also study taxes on how it affects your boss and the business owner above you.
00:28:58.320 Point number eight is something I do every single time something happens in the market.
00:29:01.760 Here's what I do.
00:29:02.760 I call every single industry expert I know.
00:29:04.560 Here's what the call sounds like.
00:29:05.760 Hey, Bob.
00:29:06.760 Hey, Jason.
00:29:07.760 Hey, Jack.
00:29:08.760 What's going on with the marketplace?
00:29:10.440 What do you mean?
00:29:11.440 New president?
00:29:12.440 New this?
00:29:13.440 Is there any new regulation?
00:29:15.020 Any new legislation?
00:29:16.440 Anything I need to be looking out for?
00:29:17.620 Are any of the companies I'm working with affected by this negatively?
00:29:21.200 Because I don't want that.
00:29:22.200 I don't want any of the companies I'm working with to be effectively negatively.
00:29:25.380 And they'll say, well, here's what's going on.
00:29:26.560 This is what could happen this.
00:29:28.560 If Elizabeth Warren does this, you could face it.
00:29:29.560 Depart.
00:29:30.560 So I'm gathering intel from everybody by calling five to seven different people.
00:29:34.120 Now I'm informed.
00:29:35.120 I take all of that information that I have, and I have a meeting with my staff to say,
00:29:39.420 this is what we need to look out for next.
00:29:41.680 Here's what could happen here.
00:29:43.020 And this is what we're going to be doing moving forward.
00:29:45.460 And before I give you the free PDF on everything I've covered with you here so you can process
00:29:49.480 it for yourself, the whole thing I'm telling you about is about knowing your next 5,
00:29:53.560 10, 15 moves.
00:29:54.560 Everything is about your next 5, 10, 15 moves.
00:29:56.560 If you've not yet read the book, Your Next 5 Moves.
00:29:59.560 I wrote this book.
00:30:00.560 It came out three months ago.
00:30:01.560 It's already sold nearly 100,000 copies.
00:30:03.940 If you've not read it, it's the number one Wall Street Journal bestseller.
00:30:07.000 Go order it, because everything about the way you think in 2020 going into 2021 has to
00:30:12.220 be about your next 5, 10, 15 moves.
00:30:15.400 So with that being said, if you want the PDF, send us a text titled BIDEN to 310-340-1132.
00:30:21.940 Once again, BIDEN to 310-340-1132.
00:30:26.780 We're going to send the entire PDF today to you.
00:30:29.020 And if you're out of the country and you cannot text us, go to the link below, subscribe to
00:30:33.260 our newsletter, and we will send you the PDF for free.
00:30:36.900 If you got a lot of value from this episode today, push the thumbs up and click subscribe
00:30:41.080 to our channel here.
00:30:42.080 Thanks for watching, everybody.
00:30:43.080 Take care.
00:30:44.080 Bye-bye.