RUSH TRANSCRIPT Maria welcome ░░░░░░░░ Time now for the ░░░░░░░░ on Wall Street top ░░░░░░░░ watching your money Joining ░░░░░░░░ now is century wealth ░░░░░░░░ investment strategist marianne bartel ░░░░░░░░ with us is Mark ░░░░░░░░ Marianne thank you for ░░░░░░░░ the conversation Good to ░░░░░░░░ you The opening bell ░░░░░░░░ two and a half ░░░░░░░░ away the dow up ░░░░░░░░ 26 26 NASDAQ u ░░░░░░░░ president announced a major ░░░░░░░░ fire between Israel and ░░░░░░░░ declaring the end to ░░░░░░░░ 12 day war is ░░░░░░░░ But this morning Iran ░░░░░░░░ missiles at Israel breaking ░░░░░░░░ We think just hours ░░░░░░░░ the cease fire took ░░░░░░░░ Tehran is denying the ░░░░░░░░ Israel however is vowing ░░░░░░░░ respond with force calling ░░░░░░░░ s strikes an utter ░░░░░░░░ President Trump is urging ░░░░░░░░ not to do it ░░░░░░░░ Israel not to drop ░░░░░░░░ more bombs He s ░░░░░░░░ route to the netherlands ░░░░░░░░ the NATO summit Air ░░░░░░░░ One taking off right ░░░░░░░░ with defense spending expected ░░░░░░░░ be a major topic ░░░░░░░░ do you see the ░░░░░░░░ issues affecting investing today ░░░░░░░░ it really comes down ░░░░░░░░ the price of crude ░░░░░░░░ and it may be ░░░░░░░░ to many but crude ░░░░░░░░ yesterday is down almost ░░░░░░░░ If crude oil prices ░░░░░░░░ to skyrocket that would ░░░░░░░░ a different story because ░░░░░░░░ would negatively impact consumer ░░░░░░░░ would negatively impact corporate ░░░░░░░░ What we re basically ░░░░░░░░ is maybe a market ░░░░░░░░ little overbought we ve ░░░░░░░░ trading in the trading ░░░░░░░░ We re of the ░░░░░░░░ you re going to ░░░░░░░░ to new highs by ░░░░░░░░ least August Maria look ░░░░░░░░ oil at 66 37 ░░░░░░░░ now slipping further this ░░░░░░░░ investors are seeing reduced ░░░░░░░░ around the Strait of ░░░░░░░░ it remains open That ░░░░░░░░ any supply fears I ░░░░░░░░ marianne You re right ░░░░░░░░ does land on oil ░░░░░░░░ conflict as it relates ░░░░░░░░ investing Do you want ░░░░░░░░ invest in the oil ░░░░░░░░ as a result of ░░░░░░░░ marianne Up fortunately that ░░░░░░░░ not unfortunately that s ░░░░░░░░ a space we re ░░░░░░░░ favoring at this time ░░░░░░░░ crude oil prices are ░░░░░░░░ low You have great ░░░░░░░░ there great balance sheet ░░░░░░░░ cash flow They re ░░░░░░░░ the leaders in this ░░░░░░░░ The leaders we ve ░░░░░░░░ to argue are tech ░░░░░░░░ tech related The innovations ░░░░░░░░ are coming from artificial ░░░░░░░░ robotics the block chain ░░░░░░░░ crypto space is really ░░░░░░░░ s leading this leadership ░░░░░░░░ the marketplace and we ░░░░░░░░ that s sustainal for ░░░░░░░░ number of years We ░░░░░░░░ the marge the market ░░░░░░░░ S P 500 a ░░░░░░░░ of 10 000 to ░░░░░░░░ 000 by the end ░░░░░░░░ the decade Maria I ░░░░░░░░ when they were throwing ░░░░░░░░ out for the dow ░░░░░░░░ 000 Now the dow ░░░░░░░░ at 43 000 You ░░░░░░░░ expecting the S P ░░░░░░░░ go to 10 000 ░░░░░░░░ you want to create ░░░░░░░░ you have to invest ░░░░░░░░ the stock market Mark ░░░░░░░░ You have to Maria ░░░░░░░░ mean come on President ░░░░░░░░ has his peace through ░░░░░░░░ policy We basically have ░░░░░░░░ portfolio strength through market ░░░░░░░░ policy whereby what we ░░░░░░░░ to do is I ░░░░░░░░ actually disappointed the market ░░░░░░░░ up 1 yesterday I ░░░░░░░░ glad it everyone Maria ░░░░░░░░ you missed it Yes ░░░░░░░░ Normally Maria watching mornings ░░░░░░░░ Maria I told everybody ░░░░░░░░ buy stocks Normally when ░░░░░░░░ see a geopolitical event ░░░░░░░░ the course of the ░░░░░░░░ four weeks the market ░░░░░░░░ off 7 to 8 ░░░░░░░░ immediately snaps back and ░░░░░░░░ months later you re ░░░░░░░░ 20 so my clients ░░░░░░░░ I we are looking ░░░░░░░░ more of these pullbacks ░░░░░░░░ we can continue to ░░░░░░░░ out of more defensive ░░░░░░░░ into more growth oriented ░░░░░░░░ That s our strategy ░░░░░░░░ s been our strategy ░░░░░░░░ were vocal about that ░░░░░░░░ after the post liberation ░░░░░░░░ bottom And we re ░░░░░░░░ to continue to stick ░░░░░░░░ that strategy We want ░░░░░░░░ continue to add to ░░░░░░░░ positions whenever we get ░░░░░░░░ opportunity Maria you might ░░░░░░░░ another opportunity once debt ░░░░░░░░ deficits become another front ░░░░░░░░ story Look at interest ░░░░░░░░ this morning Fed governor ░░░░░░░░ Bowman said she could ░░░░░░░░ a rate cut in ░░░░░░░░ a shift from her ░░░░░░░░ hawkish stance Jay Powell ░░░░░░░░ going to testify in ░░░░░░░░ of Congress today and ░░░░░░░░ humphrey hawk inches testimony ░░░░░░░░ to be some tough ░░░░░░░░ on monetary policy why ░░░░░░░░ Fed is still holding ░░░░░░░░ steady We had June ░░░░░░░░ officer consume numbers will ░░░░░░░░ a good read on ░░░░░░░░ Americans feel about the ░░░░░░░░ We ll talk to ░░░░░░░░ largest exposure to the ░░░░░░░░ when we talk to ░░░░░░░░ Bank of America chairman ░░░░░░░░ CEO Brian money moynihan ░░░░░░░░ may have news on ░░░░░░░░ the consumer is right ░░░░░░░░ Debt and deficits are ░░░░░░░░ problem You ve got ░░░░░░░░ big beautiful bill right ░░░░░░░░ we expect it to ░░░░░░░░ to the president s ░░░░░░░░ on time But when ░░░░░░░░ look at some of ░░░░░░░░ numbers that Ron Johnson ░░░░░░░░ put out right I ░░░░░░░░ the cbo expecting 10 ░░░░░░░░ deficits to be 2 ░░░░░░░░ trillion a year and ░░░░░░░░ debt to reach 59 ░░░░░░░░ by 2035 That s ░░░░░░░░ kind of stuff that ░░░░░░░░ investors if we re ░░░░░░░░ at the government running ░░░░░░░░ of money and that ░░░░░░░░ what s happening this ░░░░░░░░ That s why they ░░░░░░░░ to raise the debt ░░░░░░░░ Does that become an ░░░░░░░░ does that give you ░░░░░░░░ selloff opportunity you re ░░░░░░░░ for There s three ░░░░░░░░ we re looking for ░░░░░░░░ one that you just ░░░░░░░░ the debt ceiling issue ░░░░░░░░ find it highly likely ░░░░░░░░ they will end up ░░░░░░░░ the debt ceiling If ░░░░░░░░ happens you ll see ░░░░░░░░ redo of 2023 whereby ░░░░░░░░ market sells off roughly ░░░░░░░░ over the course of ░░░░░░░░ next six to eight ░░░░░░░░ and then it immediately ░░░░░░░░ back so that would ░░░░░░░░ a great buying opportunity ░░░░░░░░ we do have to ░░░░░░░░ the debt and the ░░░░░░░░ in check obviously And ░░░░░░░░ we re doing right ░░░░░░░░ is we re trying ░░░░░░░░ go towards a tighter ░░░░░░░░ situation which means we ░░░░░░░░ looser monetary policy to ░░░░░░░░ to offset that We ░░░░░░░░ to grow the economic ░░░░░░░░ which then provides more ░░░░░░░░ revenue to help us ░░░░░░░░ balance out the budget ░░░░░░░░ in my humble opinion ░░░░░░░░ could get that opportunity ░░░░░░░░ we do see a ░░░░░░░░ on debt and deficit ░░░░░░░░ but you better not ░░░░░░░░ it this time because ░░░░░░░░ you miss it you ░░░░░░░░ really putting yourself behind ░░░░░░░░ eight ball because you ░░░░░░░░ t want to bet ░░░░░░░░ America am I right ░░░░░░░░ a doubt You ve ░░░░░░░░ to bet on America ░░░░░░░░ do you agree I ░░░░░░░░ Maria no more commentary ░░░░░░░░ that You re long ░░░░░░░░ you re bullish period ░░░░░░░░ m long and I ░░░░░░░░ bullish Don t give ░░░░░░░░ on America Don t ░░░░░░░░ up on our tech ░░░░░░░░ The innovation that s ░░░░░░░░ is greater than what ░░░░░░░░ saw during the internet ░░░░░░░░ all right And it ░░░░░░░░ a combination of tech ░░░░░░░░ s not just one ░░░░░░░░ tech There s a ░░░░░░░░ of things Maria I ░░░░░░░░ that When we had ░░░░░░░░ CEO of circle on ░░░░░░░░ other day Jeremy Allaire ░░░░░░░░ called it an iphone ░░░░░░░░ when you look at ░░░░░░░░ kind of innovation that ░░░░░░░░ underway Marianne good to ░░░░░░░░ you Thank you Thank ░░░░░░░░ Maria mark you re ░░░░░░░░ us all morning.