Inflation is not in an 'EXTREME scenario,' says Solidarity Wealth CEO

MIDSUMMER OUTLOOK, MY NEXT GUEST SAYS IN SHORT, LOTS TO BE HAPPY ABOUT, COFOUNDER AND CEO, JEFF, LET'S BEGIN WITH YOUR OBSERVATION, A LOT HAS CHANGED IN THE LAST 48 HOURS BUT YOU SEEM TO BE SAYING IN RESPECT TO INFLATION. >> I THINK JUNE NUMBERS WERE STILL GOOD, AS PART OF THE CATCH WITH THOSE PAYING THE FEAR OF DRUMS, JUNE NUMBERS WERE REALLY GOOD, YOU LOOK AT THE BASKET THAT MAKES UP INDEPENDENT GROUPS OF INFLATION MEASURES AND DEFLATIONARY MEASURES AND DIFFERENT BASKETS ASSOCIATED SO THE CATCH IS THE BEST 48 HOURS, ESPECIALLY, THE SPIKE IN OIL AND IS A PROBLEM, NO QUESTION ABOUT IT, ABOUT THE PROBLEM AND YOU ARE AWARE, THE ADMINISTRATION BELIEVES IT'S A PROBLEM WHICH IS WHY THEY ARE TRYING TO S SLIDE THROUGH HERE, BUT INFLATION GENERALLY SPEAKING, HAS JOB NUMBERS SOLID, NOT IN AN EXTREME SCENARIO ON THE ON THE PLANET SIDE AND EVERYTHING IS SOLID. THE PITCH IS THINGS ARE GOING WELL, INTEREST RATES, WHERE THEY ARE, AS OPPOSED TO RAISING THEM ONE SIDE OF THE DRUMS BANGING OR CUTTING THEM ON THE OTHER SIDE. >> WELL, HOW MUCH OF A FAMILY FIGHT YOU THINK YOU WILL HAVE X, I THINK YOU WOULD AGREE WITH EVERYTHING YOU SAID AND WANTS BETTER DATA AND ALREADY BELIEVES INFLATION IS CLOSER TO THAT 2% TARGET SO RIGHT NOW THE MORE YOU HAVE SESSIONS LIKE TODAY, THE HARDER IT WILL BE TO CONVINCE HIS FELLOW MEMBERS. >> I AGREE, THERE IS GAMESMANSHIP, HE'S NEW IN GETTING HIS FEET UNDER HIM AND YOU COULD SAY ON THE OTHER SIDE OF THESE POSITIONS DOING A LOT OF INTERVIEWS RIGHT NOW BANGING. TERMS OF INFLATION, BUT I DO THINK DAVID REPORTS HIM IN THE HARD PART IS A MOVING NUMBER AND A SUSTAINED BARRAGE, AND IRAN THAT MIGHT BE THE RIGHT THING TO DO FOR FOREIGN POLICY PERSPECTIVE, A CHALLENGE TO KEEP INFLATION, ENERGY, INFLATION IN PARTICULAR UNDER CONTROL BECAUSE THAT HURTS, IT'S SUMMER DRIVE SEASON FOR FAMILIES AND VACATIONS, IT HURTS THE POCKETBOOK OF AMERICANS PAYING FIREFOX PLUS A GALLON. >> WE HEAR PRESIDENT TRUMP ASKING AMERICA TO BE PATIENT BECAUSE UNDERSTANDS, I VOTED FOR YOU, I LOVE YOU AND YOU'RE PROBABLY DOING THE RIGHT THING BUT IT'S HURTING ME, LET'S TALK ABOUT EARNINGS CRUSHING IT, GUIDANCE NEVER BEEN BETTER. I GUESS SOMETIMES THINGS ARE SO GOOD, KNEE-JERK REACTION IS THAT IT CAN'T GET ANY B BETTER, LET'S START WITH GOOGLE. I'M NOT IN IT BECAUSE OF THE SESSIONS LIKE TODAY AND THERE ARE SOME QUESTIONS ABOUT RETURN ON INVESTMENT BUT THEY DID SO WELL, HE SAID THEY WERE PUSHING IT, YOU LIKE WHAT YOU SAW LAST NIGHT. >> I LIKED THE NUMUMBERS, THAT'S THE HARD PART TO BE MAD AT THEM WHEN YOU'RE TALKING 82% YEAR-OVER-YEAR GROWTH IN THE CAR BUSINESS, THAT'S INCREDIBLE. 24% TOTAL THE COMPANY, THE NUMBERS A GREAT. ADMITTEDLY UP NEXT SPEND CREATES A SIGNIFICANT SHAREHOLDER EXHAUSTION, INCLUDING WITH ME AND IT'S FRUSTRATING. 200 BILLION OF SPEND. I THINK THE CURRENT LEADERSHIP NEEDS TO DO A BETTER JOB MAKING THE CASE IN CONNECTION OF WHY THE SPEND CONNECTS TO FUTURE REVENUE GROWTH, I THINK THAT'S THINK IN THE CALL YESTERDAY AND THEY NEED TO DO A BETTER JOB ASSOCIATING WITH THAT, I PERSONALLY WOULD APPRECIATE THAT BECAUSE IT'S HARD AT TIMES TO SEE THE CONNECTION GOING FROM CASH FLOW MACHINE TO A NEGATIVE $6 MILLION FREE CASH FLOW. THAT'S UNUSUAL. >> JARRING TO SEE THE LEAST. NETFLIX, NOW WE GOT A LEADERSHIP THAT WILL TELL YOU WHY IT'S A BUY AT ANY GIVEN MOMENT, PARTICULARLY HERE AT THIS LOW, ELON MUSK ARE THINKING ABOUT ELON MUSK WITH THE OTHER THING, NOT NETFLIX BUT -- HELP ME OUT, TESLA. MENTAL BLOCK THERE. I KNOW WE HAVE NETFLIX BUT WE ARE RUNNING OUT OF TIME SO WANTED TO GO TO TESLA BECAUSE THAT'S THE OTHER BIG NAME HOUSEHOLD NAME, A LOT OF PEOPLE MADE BIG MONEY AND IT'S COME DOWN A LOT RECENTLY. YOUR THOUGHTS, IS IT JUST ONE OF THESE THINGS WERE ATTENTION IS GOING ELSEWHERE? MANY PEOPLE BELIEVE IT WILL BE VOTED INTO SPACEX. >> IT'S DEFINITELY LOST MOMENTUM BECAUSE THAT'S GOING ELSEWHERE, THE HYPER SCALARS AND CERTAIN COMPANIES LIKE MICRON AND OTHERS IN THE LOST A BIT OF MOMENTUM, I DO THINK THERE'S NOTHING DRASTICALLY UNUSUAL WITH TESLA, IT'S THE SAME WAY, SPACEX DOING ITS THING AS WELL AND WHAT'S HAPPENING WITH SPACEX IS NOT SURPRISING AS THE LAST TIME I WAS ON THIS SHOW I SAID TO EXPECT THIS TO HAPPEN AND STARTING NEXT MONTH WE GET INTO THE OPEN FOR INSIDERS TO RELEASE SO EXPECT MOVEMENT ON SPACEX. >> THIRTY SECONDS, DID YOU WANT TO ENTER THE STOCK SOMETIME. >> YES, MY COMMENTS WITH SPACEX IS TO BE PATIENT. I LIKE END OF THIS YEAR, EARLY NEXT YEAR IF YOU LIKE A, PATIENCE IS THE KEY. I THINK IT TRADES DOWN EVEN MORE FROM HERE IN THE SHORT TERM AS INSIDERS ARE LET LOOSE ON THE SHARES SO LOOK FOR OPPORTUNITIES LATER THIS YEAR TO ENTER YOU LIKE IT AND THAT'S MORE OF TIMING WITH SPACEX THAN TODAY. >> MAYBE NOVEMBER 11, FIRST EARNINGS REPORT I THINK IS ON THE INSIDERS TO SELL, YOU WILL GET THE FLESH AND IF YOU WANT TO