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MARKETS, MOTORS and MUSK. Blacktower Financial Management | Christina Brady
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Jan 13, 2025
Christina from Blacktower was on live with Kal this week for her final appearance of 2024. There was a look at the markets following an interest rate cut from the European Central Bank, and lots from the USA involving Elon Musk and President-elect Trump. Hear Christina from @blacktowerfinancialmanagem7049 every other Thursday with with Kal at 16:00 CET For any enquiries contact info@blacktowerfm FAO Christina or get in touch through the website: www.blacktowerfm.com Be sure to Like and Subscribe to our YouTube channel for more insights from BayRadio Spain, and follow us on Social Media: Website: http://www.bayradio.fm/ Facebook: https://www.facebook.com/BayRadioInSpain Instagram: https://www.instagram.com/bayradiospain/
View Video Transcript
0:00
time to welcome back Christina Brady
0:01
from Black Tower financial management
0:03
how are the markets at the moment then
0:06
um considering the ECB cut rates day
0:08
it's quite flat the foots is at
0:10
8319 but no there's not much going on in
0:13
the markets at all it does slow down
0:15
usually for Christmas um and doesn't
0:17
really start to do anything till sort of
0:19
the first second week of January that's
0:21
cuz all the Brokers go on their skiing
0:22
holidays they do they all go away but
0:25
you know's been lots of going on in the
0:27
markets as we saw the ECB cut rates
0:29
today
0:30
and that's the fourth rate cut since
0:32
June so they cut it by another 0.25% to
0:36
3% um and they expect to cut them even
0:39
further in
0:41
2025 we've been hearing that haven't we
0:43
that that's going to be sort of a trend
0:45
they're expecting that in the states as
0:46
well there's another one on the way we
0:48
expect in the States before the end of
0:50
the year but they are talking about them
0:51
continuing next year as well does that
0:53
what how does that translate to our
0:55
pockets though right okay for the ECB
0:57
the reason they've done that is because
1:00
uh growth the the estimate of growth for
1:02
next year has fallen from 1.3 to one
1:05
yeah 1.3 to 1.1 and you've got lots of
1:08
um problems in Europe you've got France
1:11
uh so the Central Bank in in France
1:14
expects growth of zero for France for
1:16
this quarter as it grapples with its
1:18
political crisis as you know there is
1:20
now no prime minister and macron has got
1:24
to announce one without that they're
1:25
facing 2025 without a valid budget plan
1:28
so that can't go on you've got Germany
1:31
which again is still suffering so that's
1:34
why the ECB is cutting rates it's trying
1:36
to stimulate uh growth trying to make
1:39
people spend more money take out more
1:41
loan consumer prices increased the most
1:44
in seven months to 2.7% in November but
1:48
it's unlikely to stop the FED cutting
1:49
rates before the end of the year um
1:52
because we've got a Coolin job market in
1:53
the states I think that went
1:55
unemployment went up to 4.2% or 4.27%
1:59
so they are going to cut rates the only
2:01
place where they may not cut rates is
2:03
the as quickly as the UK uh the bank of
2:06
England has said it's unlikely there'll
2:07
be any Cuts before the end of the year
2:09
it's been badly spooked by the budget as
2:11
we know the UK budget was a complete and
2:14
utter
2:15
disaster uh has impacted we've got lots
2:18
of businesses moving out of the UK uh
2:22
lots of them plan that were planning
2:23
expansion no longer planning to expand
2:25
we've got people laying our staff
2:27
because they can't afford to employ them
2:29
anymore so the budget in the UK was um
2:32
bad for the economy we've got guilts at
2:34
an all-time high however that does mean
2:37
that the pound is on course to reach its
2:40
pre-brexit levels yeah 8ye High against
2:43
the Euro yeah it hit 12157 they're
2:46
saying next year it could even reach 130
2:49
they reckon 125 those or or 130 so that'
2:54
be very good if you get paid in Sterling
2:57
and you bring it over here and convert
2:58
it to euros great for on the UK pension
3:00
they get it paid here isn't it I guess
3:02
yes it is so so that's that and we've
3:04
had lots of rate Cuts we've had Bank of
3:07
Canada that did a 50 point basis point
3:10
uh cut in its rates on Wednesday so that
3:12
came down to 3.25 and that's the second
3:15
50 50 basis point rate cut in a row
3:19
we've got Switzerland um that's had
3:22
several rate Cuts this year so they're
3:25
all trying to cut rates they're trying
3:27
to get P stimulate the economy they're
3:30
worried um let's see what happens in
3:32
Spain you know the is Hing a bu near its
3:37
highest level since uh January
3:39
2010 it's up 20% in a year but that's
3:42
the same as other European indices so we
3:44
can't say that Spain's doing exception
3:46
well the Dax is up roughly the same and
3:48
so is the Italian uh MIB see this is
3:51
kind of weird I don't quite as a lay
3:52
person I don't quite understand if
3:54
Germany and France are doing so terribly
3:57
why why are they not yeah but it's not
3:59
only made up of German companies or
4:01
French companies it's like the footsy
4:03
100 it's not made up just of UK
4:05
companies So within the ibe you've got
4:08
top performers and this is across the
4:10
world has been airline companies so iag
4:13
which is ba uh Ving Iberia and Air
4:17
Lingus that's done very very well uh if
4:19
you look at uh us uh airplanes uh sorry
4:23
air air tra sorry Airways they've done
4:26
well as well so you've got Delta United
4:28
uh the ones in Spain haven't done really
4:30
well repol um there's a Solar Company a
4:34
green company they haven't done very
4:35
well on the on the Ibex since September
4:39
23 the markets have been very buoyant
4:41
they're going up Indie techs always seem
4:43
to do very well in Spain for over the
4:45
the basically own airports and uh and
4:47
and building building company uh and the
4:49
banks obviously kaisha Banks doing very
4:51
well and seidel's up a lot the reason
4:54
for that is because of the proposed
4:55
takeover from BBVA so that price has
4:57
gone up a lot whether it will happen or
4:59
not sabadel don't want it but usually
5:03
these things do happen so we'll have to
5:05
wait and see but it is good news if um
5:08
the Sterling Euro does go up to about
5:11
130 especially for xats if you're
5:14
sending money back or if you've stolen
5:16
your house here and you're moving back
5:18
to the UK not so good um but if you live
5:21
here it will give you a boost because no
5:23
matter where you live in the world
5:25
prices have gone up so much in the last
5:28
2 three years it's unbelievable
5:31
inflation has just doubled the cost of
5:34
your Foods Etc so any money you can make
5:37
is better than nothing so although that
5:40
doesn't bode well for the
5:42
UK yeah um but you know labor seem to be
5:46
making a mess every single day every
5:48
time they open their mouth it's more of
5:50
a mess well it hasn't seemed so matter
5:52
that we've changed government it's just
5:54
seems to be a mess anyway yeah if
5:56
anything it's got worse I think people
5:58
just should have stuck with the Devil
5:59
they knew um we did for long time seem
6:02
to be trying to build on build lots of
6:05
houses they're they're not abiding by
6:08
planning rules building rules um people
6:11
are upset because in Wales they built a
6:13
whole new housing estate and five out of
6:15
seven people they gave it to it's meant
6:17
to be for the homeless in Wales went to
6:18
migrants so they're not happy you've got
6:21
loads of homeless yeah it went to
6:23
migrants so we'll have to see what
6:25
happens there we've got the Syrian thing
6:27
now that Assad going Germany is saying
6:29
that all the syrians should go home
6:31
because they fled because of the regime
6:33
that was there same is happening across
6:35
Europe however most syrians are saying
6:37
well especially in the UK well no we
6:39
don't want to go back we get life is
6:41
quite good here we get loads of um you
6:43
know help uh we don't want to go back
6:46
and I think what is annoying is the
6:48
papers are just sort of playing it down
6:50
they got rid of a sad but what if they
6:51
put in this place it could be something
6:53
that is a lot lot worse we don't know
6:54
yet we the government that's in there is
6:57
on the uh terrorist list uh the head the
6:59
government has a 10 million dollar
7:02
bounty on his head uh for terrorist
7:04
related atrocities so it is not out with
7:09
the old in with the new and the new is
7:10
good it's out with the old in with the
7:12
new the new could be even worse um like
7:15
you know isn't it when we see these
7:17
regime changes you know difficulties in
7:19
Libya difficulties in Iraq also if you
7:23
look at the mess we've made of that area
7:25
by interfering in the west uh bringing
7:27
down governments and sometimes times
7:29
these countries don't need brutal
7:32
dictators but they need a strong
7:33
government to keep them in to keep
7:35
things in line to make things ticking
7:37
over and once you lose that and turmoil
7:40
comes in you see what we've happening in
7:42
Libya in the other countries there where
7:46
people are a lot worse off lots of
7:48
people try to leave the country and it
7:51
causes problems across the world so
7:53
various situations in Africa as well
7:55
different African countries being
7:56
destabilized by certain um bigger powers
8:00
exactly they did it in South America if
8:01
you remember in the I think it was the '
8:03
80s 70s and ' 80s America destabilized
8:06
South America and it's never ever very
8:08
good um but we don't seem to learn from
8:11
our mistakes so we'll have to wait and
8:13
see we don't it's all right for musky
8:15
isn't is space H now valued at $350
8:18
billion not like he didn't make enough
8:20
money when Trump was uh elected again
8:23
richest man on the planet is he now I
8:25
think I'm off the planet also
8:29
yep he's done very very well uh so yep
8:33
good for him he obviously picked the
8:35
right side he knew what he was doing
8:36
it's the biggest ever startup as well
8:38
you have forget that it was a startup
8:40
don't you yeah you do you forget you is
8:43
yeah you know he's done phenomenally
8:45
well um yeah what can you say really to
8:48
be worth that much we are wondering
8:51
actually uh whether he might have an eye
8:53
on the president ship in future years he
8:55
can't you've got to be born in the US oh
8:57
he wasn't was he that's right yeah
8:59
exactly so he can't so don't even go
9:01
there he can't do that that's why he's
9:02
in his position he is unless Trump
9:04
changes that La talking of trump he's
9:06
he's invited China's leader to his
9:08
inauguration he'll be interesting won't
9:10
it will he be telling him about the
9:11
tariffs and how much he's going to put
9:13
on them they'll be smoing along and then
9:15
you've got Mark Zuckerberg from Facebook
9:18
meta who you know stopped Trump being
9:20
allowed to go on Facebook Etc he's now
9:23
crumbled and given in he's given him a
9:25
million he's given him a million dollars
9:28
they have they've said he's kissed the
9:29
ring I don't know what that means but
9:31
he's given him a $1 million towards his
9:33
inauguration fund um lots of people do
9:36
that usually they get rais about 50 60
9:40
million towards that so he's there I
9:42
think see Trump I think that's a pope
9:44
reference rather than anything else that
9:46
might be thought um but um you could
9:48
perhaps say something else that kiss the
9:50
ring reference um yeah but I guess he
9:53
wants a bit of what musk's got you know
9:54
because obviously his association with
9:57
Donald Trump hasn't hurt him at all
10:00
um so Mark Zuckerberg maybe thinking I
10:01
shouldn't have done this earlier yeah
10:03
exactly why would it you
10:05
know uh yeah we'll have to wait and see
10:08
but they're all coming to there's been
10:10
lots of them that have gone to see him
10:12
there were some of the people that were
10:13
on uh the TV channels that were totally
10:17
anti-tr as you know most of the US media
10:19
was had a left-wing bias and the only
10:22
News Channel that didn't was Fox well
10:24
some of those who worked for the other
10:25
channels have beened down Maro to to say
10:29
hello to Trump and shake his hand and
10:32
try and keep their jobs um because most
10:34
of those channels have got little or no
10:37
people watching them so they're up for
10:39
sale and it's rumored that Elon Musk may
10:41
buy MB mbsc or nbsn whatever it uh so
10:46
we'll see what happens there but they
10:47
earn huge amounts of money for doing not
10:49
much you know they're earning like tens
10:51
of millions of a year uh and if you
10:54
haven't got people watching if
10:55
advertisers aren't bringing in the
10:56
revenue you can't carry on with these
10:58
people so I think we're going to see a
11:00
lot of people uh being nice to trump it
11:02
will be different to his first term um I
11:06
think people who were calling him all
11:08
these horrible names before the election
11:10
must now eat their words he is none of
11:12
those things well Time Magazine like him
11:14
again I I'm sure I hear some of the
11:16
things that people say but maybe not all
11:17
of them yeah no he's not no they went to
11:20
extremes I'm sorry it was pure and utter
11:23
um vicious malicious uh lies I think
11:28
most of it no one's brilliant no one's
11:31
good uh no well he says he is but anyway
11:34
he doesn't say he is he doesn't mean
11:36
he's got faults if you actually listen
11:38
best presid ever if you us listen to The
11:40
Press then you wouldn't know that but no
11:42
one's obviously the American people
11:44
think he can turn it around for him so I
11:46
think we've got to give him that chance
11:48
yeah they weren't feeling they weren't
11:49
feeling the um uh the the return of the
11:52
economy in the way that perhaps the
11:54
Democrats thought they might um what
11:56
about biomics did not work I can tell
11:58
you what about about Bitcoin that seem
12:00
certainly seems to have worked and
12:01
they're talking about the fact that they
12:03
may well it may well continue to
12:05
increase next year I mean it's hit that
12:06
$100,000 dollar mark it has yeah still
12:09
scary though it and the latest surge
12:12
comes after a calling in US inflation
12:15
and growing concern and growing
12:16
expectations of a Fed cut um which has
12:20
fed fueled investor optimism so we'll
12:23
have to wait and see there um there's
12:25
lots of different Bitcoins out there
12:27
isn't there so there's all these
12:28
different ones I think Elon musk's
12:30
favorite is the one I called dodgy but
12:32
I'm not sure what it actually is it's
12:34
Dodge it stands for that the the name of
12:37
the department that he's going to work
12:38
for that are going to do all the cutting
12:40
and I can't remember what it's called
12:41
but anyway and it's it's got little dog
12:42
as it's little sort so we prefer to call
12:44
it doggy coin yeah exactly that's what I
12:47
call it um gold gold obviously has been
12:49
doing well um with the speculation over
12:51
the central banks and also the situation
12:54
in Syria we as we know in a crisis gold
12:56
always does better yeah it does volatile
13:00
is seen as a safe haven so if anything
13:02
Spooks the markets or they think there
13:05
going to be any change they don't know
13:06
about people go to gold and then they
13:08
come out so the price of gold is quite
13:10
volatile up and down um depending on
13:12
what's happening in the markets so
13:15
you're you want to sell
13:18
it you're at a good price if you're just
13:20
buying it you've bought it a high but
13:23
that's one of those things it's there
13:25
it's a tangible asset as long as you're
13:26
buying physical gold um I think
13:29
sometimes there was scams on the
13:30
internet where you could buy gold and
13:32
you got a little certificate that came
13:33
through the post saying that you'd
13:35
bought whatever gold but where was that
13:38
gold you know if you ever that would
13:39
always worry me cuz quite often they
13:40
disappear on a plane to Russia exactly
13:42
if I was going to buy gold I'd go to the
13:44
vending machines that you can there
13:47
right and then at least you've got the
13:48
little nuggets if you need to sell them
13:50
so I prefer with gold something physical
13:52
but it's up to people you know people
13:54
trade gold obviously they do everyone
13:56
trades every commodity so it depends
13:58
what you want to having having your
14:00
portfolio talking of portfolio just
14:01
quickly we did touch on other markets
14:03
India India's been a booming absolutely
14:06
what's happening it's just this economic
14:09
uh growth is slowing down it was
14:12
predicted to rise by the Central Bank of
14:14
India about 7% next year they're now
14:17
saying that it is going to be about 5.4
14:21
it's still growing a lot quicker than
14:22
others but it's slowing down and we saw
14:24
that in China you know we had phenomenal
14:26
growth and then suddenly it slowed down
14:28
and then suddenly it St well it's very
14:30
good is it if if it if it grows very
14:32
very quickly they don't say that that's
14:33
a really good thing yeah so I don't know
14:36
you know I'm not saying that India is
14:37
going to stall I'm just saying just you
14:40
know if you are holding India hopefully
14:43
you've got a diversified portfolio and
14:45
if the growth does slow down you're not
14:48
fully exposed to India and you've got
14:49
other things as well but just one of
14:51
those things on the markets that people
14:52
need to know about okay now we mentioned
14:55
about um Europe and the Euro Zone
14:57
quarter on quarter then GDP growth rate
14:59
inching up uh in the third quarter of
15:02
the year increas in government and
15:03
household spending uh looks like we are
15:06
starting to spend more then we
15:08
understand that Spaniards will be
15:09
spending €120 more on food in December
15:13
during the rest of the year spending
15:15
more this year on Christmas than they
15:16
have in previous years since the
15:18
pandemic that that means we're starting
15:19
to feel good about
15:21
things uh are we starting to SP good or
15:24
is it just because prices have G up
15:27
spending more might be that
15:31
shall we uh obviously there's always
15:33
people that are doing well and there's
15:35
people that aren't doing so well but
15:36
we've still got a huge divide between
15:38
the two if you look at the UK I'm not
15:40
sure what the figures they're thinking
15:41
they're going to spend this Christmas I
15:42
don't know if it's up or down I haven't
15:44
seen that yet but I I think hopefully
15:48
2025 we can enter that with a little bit
15:50
more of optimism 2024 I think investors
15:54
and people are like we're worried about
15:55
recession worried about inflation the
15:58
impact of the you know previous couple
16:00
of years of inflation on their money uh
16:03
elections across the world including the
16:05
US um and all the tensions geopolitical
16:09
tensions across the world so maybe 2025
16:13
can give us a little bit of a rest SP
16:14
well of course Trump trump will be
16:16
coming coming to power as well which
16:17
generally works well with those in in
16:19
big business and High Finance in Britain
16:21
however annual rent for a newly L UK
16:24
home is now £
16:27
3,240 higher than
16:29
2021 so that's rents up by 27% since the
16:33
pandemic earnings have increased by just
16:36
19% uh as you mentioned before Britain
16:39
is struggling it is and the number of
16:42
rental properties has fallen uh because
16:44
the government has made it very
16:45
unattractive to hold rental properties
16:48
what annoys me is people are renting
16:51
they're paying say they live in a
16:53
property that's worth
16:54
250,000 their rent is a lot higher than
16:57
if they had a mortgage
16:59
and they were buying that property but
17:01
the banks won't lend them the money
17:03
because they say they can't afford the
17:04
mortgage yet they're affording rent that
17:07
is usually a thousand or more pounds a
17:09
month more expensive so that is
17:12
fundamentally wrong that's a crazy situ
17:15
you know governments like labor when
17:17
they say they're all for the people
17:18
should be looking at things like this um
17:21
they shouldn't be trying to you know and
17:23
the farmers in the UK St you know
17:25
bringing back inheritance tax that is
17:27
fundamentally so unfair they're all out
17:30
in westmin yesterday in the tractors but
17:32
we've seen that across Europe it's not
17:33
just Britain is it yeah yeah but that
17:35
was in Europe it was for other reasons
17:37
this is in in England they are
17:39
penalizing them and I think what labor
17:40
should have done is said Farms are still
17:43
exempt from inheritance tax don't matter
17:45
what their value as long as they're
17:46
passed on family down the family line
17:49
and they're not sold say someone dies
17:51
and you inherit that farm you can't sell
17:53
it for 20 years or else you incur
17:56
inheritance tax based on the value when
17:58
that person died uh not start to
18:00
penalize them without Farmers we have no
18:03
food without no food you have a
18:05
disgruntled population and you will have
18:07
social unrest so yeah I think it's it's
18:10
about wanting the money now not in 20
18:11
years time isn't it meanwhile yes the UK
18:14
government does want the money now but I
18:16
think that that is wrong I think they're
18:18
looking to themselves because they are
18:19
spending so much money um rather than
18:22
looking after the people and if you look
18:23
at most of their Manifesto pledges
18:25
they've broken most of them um and done
18:28
things they said they weren't they said
18:29
they weren't going to raise National
18:30
Insurance they have they said they
18:32
weren't going to do uh they were going
18:34
to scrap student tuition fees they're
18:36
raising those so they've broken nearly
18:38
every single promise they made and I
18:40
said this all along I've said if you go
18:42
into government you're you do a
18:44
Manifesto what you say you have to stick
18:47
to and this is why it really annoys me
18:50
when people slag off Donald Trump you
18:52
have politicians who lie through their
18:55
backsides and yet people fall for it and
18:58
when they don't up to those expectations
19:00
people get annoyed but they don't get
19:02
that angry because they're so used to
19:04
politicians lying where someone like
19:06
Trump he just says it as it is and
19:08
people don't like it they seem to like
19:10
to be lied to well his record was quite
19:12
good last time he was in power he did
19:13
actually do a lot of what he said he
19:14
would do so you you've got you've got
19:17
the politicians that aren't you've got
19:19
that across the whole Spectrum uh you
19:22
know you've got it in France you've got
19:23
it in Spain you've got it in the UK
19:26
you've got it in Canada we need
19:29
shift in that but we won't go into that
19:31
now no but but what we will talk about
19:33
though is is the car market there's
19:34
another 10,000 German jobs at risk uh
19:37
Bosch uh and a number of other issues
19:40
the European conservatives demanding
19:42
urgent action the EU car makers uh are
19:45
falling behind in their race to
19:47
Electrify uh none of this is helping the
19:49
economies of the big economies in Europe
19:52
no and what's happened is car
19:53
manufacturers are withholding deliveries
19:55
of new petrol cars in in until January
19:58
to try and hit the EV quotas and I think
20:01
is enough is enough governments like the
20:03
EU Etc should stop trying to force cars
20:05
on people that they don't want you've
20:08
got used cars in in the UK um for Ev
20:12
cars have have actually plummeted uh the
20:15
average fall in value of new car EVS
20:19
after one year in the UK is
20:22
50% and there's one car which I've never
20:24
heard of which is like a Fisher ocean
20:26
which is values down in 60 7.2% in one
20:30
year knew it cost £
20:33
47,600 after one year it was only worth
20:39
15,625 and what's happening in the
20:41
companies leasing companies are
20:43
hemorrhaging money uh as soon as a
20:45
leased car EV comes up to be sold on the
20:48
secondhand Market they can't sell them
20:50
um they're losing so much money and
20:52
there's no ending sight for this
20:55
residual value crisis across Europe
20:57
across the UK across the world exports
21:00
experts are warning and leasing
21:02
companies are looking at ways to
21:03
postpone stop their exposure to the
21:05
usedd market which means they need to go
21:08
back to petrol cars and I think the EU
21:11
Etc need to admit they've made a
21:13
fundamental mistake EVS aren't good for
21:15
the planet if you look what lithium
21:17
mining is doing if you look at you know
21:19
human slavery caused by mining these
21:21
things if you look at trying to dispose
21:23
of the batteries if you look at the
21:24
amount of money people are losing EVS
21:27
are not good you've got petrol engines
21:29
that are environmentally friendly now
21:32
that should be pushed you've got Hydro
21:34
cars which we should be going towards
21:36
however obviously they can't make so
21:38
much money out of them because they
21:39
can't control them as much as electric
21:41
vehicles I think they're too proud to
21:44
admit that they have
21:46
completely cocked up on this one and I
21:48
well it looks like they're in too deep
21:50
by now they are in too deep they've got
21:52
too much backhanders from doing it this
21:54
oan are well they're listed as an
21:57
American automo company but founded by a
22:00
Danish chap Henrik Fisker but they're
22:02
made in uh in Austria in Gratz um but I
22:05
haven't seen too many of them on the
22:06
roads no I haven't but we'll have to
22:08
wait and see um what happens there but I
22:10
feel sorry for people that were taken in
22:13
by this whole EV is good for the
22:14
environment rubbish and have bought
22:16
these cars it's a huge amount of money
22:18
to lose if you if you've bought a car
22:21
there are some there are those are big
22:22
big drops that you've been talking they
22:24
are huge drops I'd be crying I'm sorry
22:26
most people £47,000
22:28
is a hell of a lot of money and then a
22:31
year later for it only to be worth1
22:32
15,000 if you bought a house for £47,000
22:35
and in a year you could only sell it for
22:38
15 you'd call it a housing crisis it'd
22:40
be a slump there'd be complete an utter
22:42
Mayhem buy a house with 47,000 these
22:45
days would be a brilliant thing you know
22:47
but with cars uh they try and keep it
22:49
quiet they don't publish it because
22:51
they've been pushing it so hard so let's
22:54
see what happens there but all that Doom
22:55
and Gloom it's not all doom and gloom
22:57
there are some very good things to look
22:59
forward to in 2025 few comments from the
23:02
bay radio audience if only we had
23:03
Christina instead of that um oh I can't
23:06
say that but and and he's talking about
23:07
the UK prime minister love her uh spot
23:11
on as always says Matt and uh from Mark
23:15
as well um what did he he was telling me
23:18
off oh yes I do agree with with
23:19
Christina on The Motorcar argument he
23:22
said you were talking about the uh how
23:24
quickly ev's prices fall um from new
23:28
yeah it's that is sad but you know
23:32
that's we'll have to wait and see what
23:33
happens there as I said but don't think
23:35
that you know everything is doom and
23:37
gloop hopefully next year things will
23:40
get better um we've got AI so that's one
23:44
good thing that um we can look forward
23:47
to you could invest in next year I think
23:49
it is you know obviously it's a positive
23:51
thing for big business and High Finance
23:53
that Donald Trump is back in the White
23:54
House regardless of what anybody might
23:55
think it has it has a positive effect so
23:59
it is you know they is a a strong demand
24:02
we've got naida obviously their chips
24:05
are used in data centers uh for AI and
24:09
that's been doing very very well so and
24:12
there's new companies coming up all the
24:14
time so if you want to take a uh take
24:17
out some sort of exposure you can either
24:20
buy a ETF which has a mixture of
24:23
technology companies AI companies or you
24:26
can go into one of the indices um that
24:29
has you've got European one that has uh
24:32
technology companies or you just look at
24:34
a good I AI fund so there's stuff there
24:37
also you've got peace talks with
24:38
Vladimir Putin you know us uh president-
24:41
elect Donald Trump has said he will end
24:43
the war in Ukraine even Ukraine's
24:46
um what you call him is he president has
24:49
said that zinski says yeah he wants
24:52
peace now so hopefully that will come um
24:56
and China China
24:58
has still got economic challenges you've
25:00
got property prices falling you've got
25:02
property companies going bust but
25:05
hopefully if the tariffs if if Trump and
25:08
the president of China get together have
25:11
a good talk the tariffs won't be too bad
25:14
he's threaten 60% tarist on all Chinese
25:16
Goods but hopefully that will I think at
25:20
one point you said 300% but he has come
25:23
he's come down know he does say these
25:26
things but what China is doing is he
25:28
taking measures to increase and
25:30
encourage consumption within China
25:32
itself yeah um and it's giving funds
25:35
directly to households in China which
25:36
makes them feel better which then could
25:39
actually counteract any tariffs that b
25:41
in place we do need something happening
25:44
in Europe we do need a little bit more
25:46
settlement with governments Etc we do
25:48
need the EU to get more in touch with uh
25:51
what the general public feel but let's
25:53
wait and see well we've got a German
25:54
election coming up pretty early in the
25:56
new year as well so uh you know that's
25:58
got to get itself sorted out first of
26:00
all and it's not going to come back the
26:01
economy very quickly anytime soon is it
26:03
no we've got health care care spending
26:07
um demand for obesity drugs we've seen
26:09
that has surged in
26:11
2024 uh we've got the diabetic drug
26:13
which I can ever say it name of that
26:15
people inject themselves with and then
26:17
they lose weights and they look like
26:18
skeletons but it seems to be all the
26:20
rage now so you think we're still good
26:21
for Farmer then like big Tech big farmer
26:24
still good to go for for Investments yep
26:27
exactly
26:29
um us obviously equities uh we should
26:32
see returns coming across the whole
26:34
Spectrum now so just not technology
26:37
companies but we should see growth in
26:39
midcap large cap smaller cap companies
26:43
across the US equities in general and
26:46
that is is quite a good thing the only
26:48
thing I would say is uh green
26:50
initiatives I think that um their
26:54
popularity will start to fall I think
26:56
people haven't fallen for this whole
26:58
green agenda um they understand that
27:02
some of the things that are being pushed
27:03
on us like wind farms are doing more
27:05
damage to the environment and these
27:06
solar panel Fields where they chop down
27:09
all of Nature and make it all full of
27:11
these solar panels is not good for the
27:13
environment so I think things that to do
27:16
with green issues uh funds that are
27:20
invested in these green issues may not
27:22
perform as well as other funds do across
27:24
the market uh if you're in
27:26
infrastructure funds they have suffered
27:28
dramatically since interest rates have
27:29
gone up now interest rates are falling
27:31
infrastructure fund should take off
27:33
because they need loans to finance their
27:36
projects so at the moment that's cheap
27:38
so if you want to go in there so there
27:39
are lots of things on the horizon that
27:41
could make it really really good for
27:43
2025
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