RUSH TRANSCRIPT Associated with ░░░░░░░░ but he has a ░░░░░░░░ of ideas he wants ░░░░░░░░ share with us later ░░░░░░░░ In the meantime the ░░░░░░░░ for Wall Street not ░░░░░░░░ on this a although ░░░░░░░░ spike in cases is ░░░░░░░░ and the crackdowns in ░░░░░░░░ places like L A ░░░░░░░░ are noteworthy and in ░░░░░░░░ where they re suggesting ░░░░░░░░ a mask vaccinated or ░░░░░░░░ it s a concern ░░░░░░░░ right now is not ░░░░░░░░ stuff of a selloff ░░░░░░░░ Kaltbaum with us George ░░░░░░░░ us George let s ░░░░░░░░ about why the market ░░░░░░░░ largely ignoring these spikes ░░░░░░░░ guess sensing that overall ░░░░░░░░ are low numbers But ░░░░░░░░ there something else we ░░░░░░░░ missing or that we ░░░░░░░░ be paying attention to ░░░░░░░░ they re a fraction ░░░░░░░░ what we were having ░░░░░░░░ in the year and ░░░░░░░░ last year So the ░░░░░░░░ s ignoring this because ░░░░░░░░ knows we ve crested ░░░░░░░░ hill We ve basically ░░░░░░░░ the point where this ░░░░░░░░ going to get better ░░░░░░░░ better and better You ░░░░░░░░ have spikes for a ░░░░░░░░ period of time that ░░░░░░░░ some concern and some ░░░░░░░░ that we ll go ░░░░░░░░ in the bunker in ░░░░░░░░ states and things of ░░░░░░░░ sort but I don ░░░░░░░░ think that s the ░░░░░░░░ I think we re ░░░░░░░░ ahead now and I ░░░░░░░░ the market also foresees ░░░░░░░░ when people are getting ░░░░░░░░ virus now they re ░░░░░░░░ the risk because they ░░░░░░░░ not taking the vaccine ░░░░░░░░ your prior guest pointed ░░░░░░░░ That s getting to ░░░░░░░░ a smaller and smaller ░░░░░░░░ of Americans that have ░░░░░░░░ not gotten Covid or ░░░░░░░░ taken the shot So ░░░░░░░░ population at risk is ░░░░░░░░ every day Neil you ░░░░░░░░ gary you re in ░░░░░░░░ epicenter of this latest ░░░░░░░░ if you want to ░░░░░░░░ it an epicenter Florida ░░░░░░░░ course you know was ░░░░░░░░ aggressive than most states ░░░░░░░░ not you know going ░░░░░░░░ lockdown And it s ░░░░░░░░ richly rewarded Overall cases ░░░░░░░░ low the economy stayed ░░░░░░░░ Some have even said ░░░░░░░░ has boosted the presidential ░░░░░░░░ of your governor But ░░░░░░░░ latest wave do you ░░░░░░░░ when you talk to ░░░░░░░░ floridians are they worried ░░░░░░░░ is this blown out ░░░░░░░░ proportion Is They re ░░░░░░░░ very worried and they ░░░░░░░░ always questioning who s ░░░░░░░░ ones that are coming ░░░░░░░░ with the stats As ░░░░░░░░ go around and look ░░░░░░░░ and visit a lot ░░░░░░░░ places it doesn t ░░░░░░░░ like anything s changed ░░░░░░░░ are people still wearing ░░░░░░░░ employees are still wearing ░░░░░░░░ in many places but ░░░░░░░░ is cooking the housing ░░░░░░░░ s cooking and now ░░░░░░░░ lines Disney is going ░░░░░░░░ start up again on ░░░░░░░░ 9th and that s ░░░░░░░░ going to help the ░░░░░░░░ industry in Florida 60 ░░░░░░░░ a year of economic ░░░░░░░░ and represents 60 of ░░░░░░░░ embarkations in the United ░░░░░░░░ So I don t ░░░░░░░░ any changes whatsoever But ░░░░░░░░ s be clear on ░░░░░░░░ we have a moving ░░░░░░░░ You never know And ░░░░░░░░ the way that last ░░░░░░░░ with that doctor was ░░░░░░░░ best interview I have ░░░░░░░░ in the last couple ░░░░░░░░ months because politics was ░░░░░░░░ out of it and ░░░░░░░░ you know set the ░░░░░░░░ going forward So let ░░░░░░░░ just keep our fingers ░░░░░░░░ things get better and ░░░░░░░░ get rid of this ░░░░░░░░ short order Neil you ░░░░░░░░ to I m sorry ░░░░░░░░ gary s point George ░░░░░░░░ think you know sweeping ░░░░░░░░ pronouncements can sort of ░░░░░░░░ this scary thing field ░░░░░░░░ scary thing If the ░░░░░░░░ were to say everybody ░░░░░░░░ their masks on back ░░░░░░░░ no matter where you ░░░░░░░░ I m sure that ░░░░░░░░ would panic people to ░░░░░░░░ nothing of the markets ░░░░░░░░ if the CDC did ░░░░░░░░ out with such guidelines ░░░░░░░░ would be a game ░░░░░░░░ wouldn t it It ░░░░░░░░ I don t think ░░░░░░░░ re going to do ░░░░░░░░ I think that they ░░░░░░░░ going to show some ░░░░░░░░ I think the government ░░░░░░░░ the media well not ░░░░░░░░ the media as much ░░░░░░░░ the government they realize ░░░░░░░░ when you re negative ░░░░░░░░ the time and causing ░░░░░░░░ and fear it really ░░░░░░░░ on itself It s ░░░░░░░░ opposite of FDR saying ░░░░░░░░ only thing we have ░░░░░░░░ fear is fear itself ░░░░░░░░ s been a lot ░░░░░░░░ fear induced in the ░░░░░░░░ public in the last ░░░░░░░░ over all this and ░░░░░░░░ s time to move ░░░░░░░░ I would say that ░░░░░░░░ s state has been ░░░░░░░░ example of this and ░░░░░░░░ ve got to recognize ░░░░░░░░ dealing with this has ░░░░░░░░ very very difficult for ░░░░░░░░ sorts of policymakers left ░░░░░░░░ and center all of ░░░░░░░░ above Part of being ░░░░░░░░ statesman as the governor ░░░░░░░░ Florida has been the ░░░░░░░░ year year and a ░░░░░░░░ is you have to ░░░░░░░░ the equities between protecting ░░░░░░░░ s health and getting ░░░░░░░░ back to work so ░░░░░░░░ don t fall into ░░░░░░░░ forever and have huge ░░░░░░░░ problems He s done ░░░░░░░░ really nice job of ░░░░░░░░ the equities period He ░░░░░░░░ to be commended for ░░░░░░░░ That s what statesmanship ░░░░░░░░ about trying to have ░░░░░░░░ maximum outcome for the ░░░░░░░░ number of people Neil ░░░░░░░░ know if we do ░░░░░░░░ that mask route and ░░░░░░░░ communities or counties going ░░░░░░░░ L A County route ░░░░░░░░ that would slow the ░░░░░░░░ recovery and maybe jar ░░░░░░░░ markets to a point ░░░░░░░░ they have to start ░░░░░░░░ in the financial fallout ░░░░░░░░ all of this Is ░░░░░░░░ if we go that ░░░░░░░░ play that out for ░░░░░░░░ Just your opinion but ░░░░░░░░ respect it We would ░░░░░░░░ to go that route ░░░░░░░░ a very big way ░░░░░░░░ look L A county ░░░░░░░░ big but unless we ░░░░░░░░ a ton of em ░░░░░░░░ that route I m ░░░░░░░░ so worried unless we ░░░░░░░░ hearing the word shutdown ░░░░░░░░ m not so worried ░░░░░░░░ again in Florida there ░░░░░░░░ none of that going ░░░░░░░░ here And even in ░░░░░░░░ York you re hearing ░░░░░░░░ of that going on ░░░░░░░░ So again unless this ░░░░░░░░ really spikes out of ░░░░░░░░ I apple not so ░░░░░░░░ Markets right now I ░░░░░░░░ not so worried Markets ░░░░░░░░ now are concentrated I ░░░░░░░░ on two things First ░░░░░░░░ Nike chipotle snap just ░░░░░░░░ away Wall Street estimates ░░░░░░░░ earnings and sales report ░░░░░░░░ two names Jay Paul ░░░░░░░░ Christine Lagarde Jay Powell ░░░░░░░░ Christine Lagarde are printing ░░░░░░░░ and that is fueling ░░░░░░░░ I m not so ░░░░░░░░ here It s a ░░░░░░░░ moving market to the ░░░░░░░░ but we re earnings ░░░░░░░░ out in the next ░░░░░░░░ three weeks of the ░░░░░░░░ five tech and other ░░░░░░░░ names I think we ░░░░░░░░ going to have a ░░░░░░░░ end of summer and ░░░░░░░░ fourth quarter Neil all ░░░░░░░░ We shall see Guys ░░░░░░░░ t wander too far ░░░░░░░░ want to pick your ░░░░░░░░ on this chip shortage ░░░░░░░░ has a lot of ░░░░░░░░ saying higher prices longer ░░░░░░░░ we thought In the ░░░░░░░░ inflationary and virus or ░░░░░░░░ aside the markets are ░░░░░░░░ this all just nicely ░░░░░░░░ That is rather remarkable ░░░░░░░░ and of itself What ░░░░░░░░ also remarkable is what ░░░░░░░░ happening in Cuba right ░░░░░░░░ and the push to ░░░░░░░░ those folks out including ░░░░░░░░ flotilla being considered from ░░░░░░░░ to get them food ░░░░░░░░ supplies and maybe an ░░░░░░░░ way back to the ░░░░░░░░ States What do you ░░░░░░░░ Cuba thinks of