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

U.S. Iran War tax begins to hit American businesses and consumers and I'm going to go to two

of these stories combined together Tom and then I'll turn it over to you. So,

number one, Nick Friedman, co-founder of Tampa based,

a college hunks, a Holland junk and business has been facing multiple headwinds. High mortgage

rates have dampened the real estate market while rising insurance premiums are eating into operation

now there's a U.S. Iran War insurgent diesel fuel prices that is eating into profit margins

yet he doesn't feel like he can raise prices. We are on a bit of a catch 22. Our fear would be if

we start raising prices it'll hurt the customers bigger companies he says can probably get away with

adding fees such as Amazon just added a three and a half percent or United Airlines or JetBlue

both raise their prices and one airline in UK apparently is no longer they're shut out. I don't

know what the airline was robbing UK if you want to check that. One airline just said we are not

even doing anything right now because we just can't afford it. Tom, how is this tax impacting

businesses and customers today from the war? What do you see them? Well they're calling it a war

tax and a tax is something you don't want that takes money from you right that's the that's the

colloquial they're going after and what they're saying is is that with today's words fuel today

let me look at a real quick oil you know West Texas intermediate is sitting here market just

opened and it's sitting at 112 right now out. Is that right? Yep 112.65 so oil is a commodity

and now you got oil up and so what do you do? He's absolutely correct a larger company with more

longer arms and more profit. Vinny think about it it's like if you operated a company and you're

bigger than me and you have a little bit more profit than me you might be able to weight it out

a little longer before you ultimately raise prices and what this guy is saying is like hey the we're

coming to the point where we can't do it anymore we got to raise prices a little bit unfortunately

larger national companies are going to have it and so what we're seeing here is the effect of commodity

priced oil because the oil in the US pat has come up and this is now the impact they've waited

and what also it means is that everyone on Wall Street has been running on sentiment you know I

pat like president says something positive in the market responds then they then they hear

something else and then the market goes the other way. Yep so right now of the best thing that

the market could hear is positive message we had a positive message on the rescue we got a 48

hour you know till deadline we got to find out what's there but what the market wants is to have

line of sight to certainty of finish and you can't come out in the middle of a war and just say

I'll be done at eight o'clock on Tuesday because it'll all be done that day because then there's

nothing to negotiate. I need some good news that just came out Trump tells unexpectedly high

March jobs report as economy rebounds from week February to the hundred eighty six thousand

Americans who gained private sector jobs in a month of March alone my economic policies have created

an enormously powerful engine of economic growth and nothing can slow down Trump added that factory

construction jobs are soaring as a result of a rabbit unsuring and surging investments that tariffs

have generated all the while the trade deficits have shrunk by fifty two percent in a year US added

a hundred seventy eight thousand jobs and March which included eight thousand government jobs according

to the bureau labor statistics this figure is about three times what most economists forecast

that three times time this gain comes after country loss a hundred thirty three thousand jobs in

February unemployment also dipped from four point four to four point three percent the average

person who is not following economy the way you know experts are would say how was this even

possible with the war going on what price is going up well we added this many new jobs why is that

time well because what's going on in the background that the president put in place is being

continuing so I was on record for January February and vineyard remember this I said hey after

Christmas you get a lot of seasonal workers get laid off yeah or that's the end of their contract

and so they're off so and I expected to be flat jobs but then February came in even worse now this

is coming up and it got to be careful because the department of labor tends to come back and and

adjust these but if this is traction on springtime hiring and stuff on construction then this is

really good news and it points to manufacturing which is which would also be good news so it says

some of these things it was going to take time because remember last year we said hey you got all

these jobs to build data centers so I said well first need a permit then you need a foundation then

you need you all those things that have to happen then the jobs can come there for all the army

of people takes to build these data centers and if that's what's coming up here a springtime

hiring this is really good news so both could be true at once Pat is that fuel cost is hurting

businesses because now they got to think about raising prices a little bit but that should be a

temporary thing that after the war those come back down and the market once line a site to an

end point on the other hand it's very positive that if these are manufacturing jobs because this

is exactly what the president was talking about that he wanted to incentivize and it was driving

last year so if this comes true and this doesn't get revised down I think it's good news today

and if it doesn't get revised I think it's great news right Adam look I don't know how to tell you

guys this but everything's going to be okay you know the more it's the phrase that we keep saying

the short-term pain long-term gain look I have the beauty of understanding how the markets work

because at one point I had no clue what a 401k was I had no clue what a Roth IRA was I'd believe

me I had no clue what Bitcoin was but eventually I learned what all these things are and at the

market if you look at the market every single day it goes like this Pat right every day it's

up it's down it's green it's red it's bulls it's bears it's up it down but if you look at the

market over years or a 10-year span the market's always up what's my point we've been through way

worse than this Iran conflict guys we're not the ones getting bombed every single day we're not the

ones getting our leaders decapitated we're not the ones that are basically going to go bankrupt

if they if they bomb our energy supply we're sitting pretty here in America what's the worst

that we have in America we pay a couple extra bucks for gas that sucks I get it maybe you have to

cut down your vacation for a day or two or maybe your travel plans get get a little interrupted

the travel plans in Iran right now for the Ayatollan it's cruel they're not existed so it like

right now in sports right now Lucas injured right I'll be back in a few weeks so the linkers oh my

god what are we gonna do oh my god we might not get the third seat don't worry you're making the

playoffs everything's gonna be okay do you remember the guy what's the guy Demar Hamlin

they're basically two years ago all of a sudden faints and basically goes in a coma he's playing

again so if you look at the news just in terms of what's going on today oh my god oil price okay

compound you know what's the the fear greedy index we talk about that or the VIX where's the VIX

right now the point is that's the volatility index things go up and down and up and down but we

have the beauty in America of having stability and calmness and peace and prosperity and yes there's

some short-term pain but I guarantee there's gonna be some long-term okay say one thing though just

to push back a little bit we have the luxury to say that here you're successful you're in LA but the

average American that's in middle America Adam that's going paycheck to paycheck to paycheck this

is hurt him that this short-term pain to them they're like wait a minute well this sounds short

term and then let me finish it like it back to you because Adam gas groceries these people are

actually struggling and they just want to know Adam give us and I get this we're giving them five

days we're giving them 10 days we're giving around this thing they want a clear and I get it it's

war it's unpredictable I understand I'm not being that guy but for the regular average Joe

American this is kicking their butt and it's is it though yes it is Adam Adam gas let me ask you a

question because Adam they're in their head they're like okay the short-term how long is the

short-term they don't see an end in sight the majority of the because Adam if you're just seeing

this from like a take a couple steps back and look at it on a global type thing these people don't

seem like they're gonna stop the I you think the RGC they're willing to literally they're basically

saying this go ahead and bomb the bridges go ahead and bomb our oil we're not gonna stop

and they're putting out videos of their new leader walking into a room okay basically saying

y'all will nuke Israel that's I mean that that's where the rest so the average American Adam

here's what you're saying and I guarantee you they're like bro because we have those viewers

they're out there I feel for them because in their mind they're like wait what do you mean

feel short-term I don't think that they think it's short-term well the the average American

and I believe me I feel for the average American I feel for everybody because I'm gonna I'm gonna

question so I answer on my neck about personal finance and saving money and being smart with your

money but I'll use some case example shout out the Tom in terms of recent memory recent history

the things were way worse in the economy and the other now do you think that the economy wasn't

as worse as it is today as versus COVID in 2020 or when inflation hit all-time highs or next

to all-time highs in 2022 not too long ago economy was real bad how do they survive you buckle

down in your survive you cut costs and you basically trimmed the fat and you live your life 2008

I remember when the recession happened that affected America that wasn't going on a half way

around the world in Iran that was people losing their houses that was foreclosures that were

basically your your your house has been taken away people survived in 2001 the dot combo bubble

busted oh my god what's gonna happen right after why 2k everything was okay so yes there's

gonna be some short-term pain but there's gonna be long-term gain and and I feel for the average

American but I would feel a lot worse for the average American if there was a nuclear holocaust

happening anywhere around the world god forbid America you can say that the people are suffering

yeah and that's really suffering so don't pay money to them no but but but the but the point is

that's the debate we can't hand we've over that though they got $1.3 trillion in credit card debt

being peeled the link with Caesar up car loaned the link with Caesar up and they have America to put

words talk with numbers screen has not replaced the savings that they had 19 2019 eight years ago

those savings rates were never fully replaced they got a little bit of relief from government checks

but American is America is in a tough spot you know right now and so you get a look at it right now

for where the right now why do you think Cory Booker and Chris van Hollen come out over the weekend

and and don't even sound like democrats they're asking about should anybody pay income taxes if

they have $75,000 under and they're talking about a tax cut Cory Booker talking about a tax cut

why is he doing that because the elections coming and he knows americans are hurting hurting hurting

and you know i just think the long term issue we have with this you can draw comparisons to history

but right now people are sure we have on this is the following here's the long term issue we have on

this i i think affordability is not a political topic set it aside i agree i think affordability is a

real issue you know and and the fastest way to look at it last time we're at the house and we're

having a conversation about you know this this this fatherhood book that we're talking about i

should play three clips for everybody and it was one of the clips i played as a logic clip which i

played here then i played the gene hackman clip about his father when he left at 13 and in the

interview he says it's only been 65 years and he's you know and then the Dana white clip when Dana

white says yeah my parents died but i don't have any sorrow anything because they were not good

parents i don't know if you've seen this clip it's a very very heavy clip and it's like well why

were we are today we made some very bad decisions back in the days with Lyndon Johnson when we

changed the entitlement programs and we started giving single mothers free money for nothing and we

went from single mother households being from four percent in america in 1964 to not be in that 41

percent we made some mistakes when in 1970 or so only 35 percent of women worked in the workforce

right now it's 70 percent not because they want to because they don't have a choice you have you

need dual income if you have dual income what happens if you have dual income you have 1.58 child

birth rate if you have 1.58 child birth rate what is the replacement 2.1 if this continues then what

happens then we become like some of these other countries that you know you have a bigger older

population and a smaller younger population and you see india's average ages 28 and we're at 36

37 38 i don't know what our ages today is getting older because we're not having babies

affordability is a very real issue not for trump not for Biden not i'm not putting it as a

political thing it's a real thing and this war isn't helping the average guy out who's out there

this is why my hopes are for this thing to be done quickly there was something i came out today

in the morning i don't know if you guys saw this that they were they're wanting to talk about a 45

day what do you call it ceasefire did you see that rob i saw something about this morning a 45

day ceasefire for what you know for what the Iran mediators making the last ditch push for 45

days ceasefire no if you do a 45 days ceasefire what what is Iran really saying give us 45 days to

get stronger and get some more help from russian and china and all this other stuff get it wrapped up

I don't know if you go a little bit lower on this Rob to see how this conversations are going

white matter sources said the chances of reaching a partial deal over the next 48 hours are slim

but this last ditch effort could be the only chance to prevent a dramatic escalation in the

world that will include massive strikes on the ravenian civilian infrastructure and retaliation

energy against energy and water facilities and golf states driving the news president trump's

10 day deadline to Iran was expected to expire on monday and now you get 48 hours i don't know

how many hours he's got left Rob how many hours has he left it's eight o'clock tomorrow night so

eight o'clock tonight or tomorrow night it was supposed to be Tuesday at 8 p.m. so Tuesday at 8 p.m. now you

know jk man and umberto they're like 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 something today to surprise but going back to the affordability

that's a real thing that people are going through so i want to get to the next story because we

have a few orders and i'll be 10 seconds affordability is never going away there's always a

every year there's they say one half to two-thirds of americans are living paycheck to paycheck

that never changes what's my point yes the government has a role here that's okay but it's also on

you uh called personal finding nobody this is called personal responsibility this is a

called self worth this is a real thing that they're going through today and and they didn't do

anything about it sure so the Iran just like in uh 2008 did the american people do anything about

but that was part of the economy i just like the dot com bubble just like the affordability issue is a

real long-term issue that is has to be addressed no matter what unfortunately or the people to be

able to address this it's a very hard thing to do because you have to make some changes

that are going to be disruptive and i don't know if any politician has the audacity to do it i don't

think and do you remember when that story came out about us cutting entitlement programs

how could that forty one million people that are taking entitlement programs and we have to cut

you know welfare and food food stamps and then how long did that story last one week why

because they're like you're gonna lose elections over this to do what's right for the american

people financially i don't think any president will do it because you'll only be a one-term president

it's tough i don't think any president will do it because you're one-term president if you do it

at value taman we are aggressively growing this thing started off with just me and mario and a

camera to nine employees when we were in boker with tone to thirty employees when we were at dixie

to sixty employees when it was dixie and our federal highway property to now hundred sixty four

hundred sixty five employees and growing aggressively and we are out there looking for higher so

before you see this video i want to tell you exactly what is one thing we're for sure looking

for a full stack dev engineer seven years experience and end-to-end solution architecture and design

for scalable systems number two track record and mentoring and developing other senior

and engineers and architecture ten years in experience encoding in all major languages all of

them comprehensive understanding of AI coding and best practices on site south florida we are

paying relo strong business acumen if you know somebody like that we're hiring rob if you want

to play the clip the opportunities are massive right now for the people that are inside their

scene what's going on here we just put up an incredible event we're working on a couple sass

products that are growing exponentially that no one knows about but rob go on play the clip of

what happens here at vitamin headquarters many times when people think about vitamin all they

think about is a podcast but it's a lot more than that it's nine companies working together on an

eleven acre campus if i was to give you virtual tour here you'll cdhr department hiring talent

acquisition we have full stack developers that are working on maniac and hire metrics we have a

full-fledged events team that puts together events with thousands of people we have a merged

department designing the latest product we just launched the flb shoes made in italy we have a

marketing department and if you go to the complete office of cdhr building 50 60 people making

calls working for bidivine consulting sales setters and then on the complete office of cdhr campus

there's a full-on production company with editors shooters creating content doing podcasts then

you can drive down a couple miles and go to our private boardroom cigar lounge with members only

regardless of what it is working at value attainment every day is a surprise to could be walking into

work and right next to you is a governor is a billionaire is an athlete we are hiring aggressively

but vitaminism for everybody for the right person this could be the last company you ever work for

so if you're watching this and you want to learn more go to vt.com forward slash careers and apply

now and again if you know that full stack developer the engineers were definitely interested and

we're paying reload but you got to be down here 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 a mess job

it is it is but for the right person it can be life changing once they find out on the inside

what's really going on here if you enjoy this video you want to watch more videos like this click

here and if you want to watch the entire podcast click here