00:07welcome to the mars report fast 15 it is friday october 23rd 2026 we are less now than less than
00:16two weeks away from the election that's going to be quite uh quite an interesting event today we
00:23will have don day with us who will divine the weather without use of a rod carlos legaspi will
00:30explain why there was a sell-off yesterday and bob janetsky will give us his weekly summary on
00:37the economy but first we have paul valenti jr with news about a series of cyber attacks in the u
00:45.s
00:45yesterday for those who don't know paul is second generation a contributor to the myers report
00:52uh his father paul senior has been with us for decades i am sure we'll see more of paul
00:58uh paul we heard rumors of cyber attacks in the u.s uh how true is it and how bad
01:08was it in terms of
01:09disruptions well i i don't see a whole lot of uh news about it circulating except for just one uh
01:18php
01:19bug which affects 80 percent of the web but what's a php bug uh sorry it's a um it's a
01:26library that's
01:26used to run most uh uh common websites but um it wasn't so much that one bug that was found
01:34it was
01:35the severity of them and the number of them there's been 27 major cyber security incidents
01:41uh not in a month or week but 48 hours um is that an unusual number that's very unusual um
01:49these are
01:50not uh small flaws these are these are almost 10 out of 10 critical flaws that allows people to get
01:57remote um root access to the server that the site is hosted on without even having to log in
02:05how would most of us have seen how would this have shown up for most of us
02:12well a lot of services had to be completely disabled because um for example in
02:20uh bank of america they've seen lots of third-party ai agents uh accessing customer accounts and
02:31authenticating with them using information that the a has ai has found on the dark web um and it's
02:39getting to the point where they can't really tell who's the actual human customer and who's the ai agent
02:45so they've kind of moved everything to read only so that you can at least read uh your banking
02:54information when you log in but you cannot change things and um that's that's what that's what i've
03:02seen going on they can't really tell who's the ai agent and who's the actual human customer
03:06so we know we know that the federal government disabled uh zoom programs on government computers
03:13yesterday and apparently it's still in effect today uh what is your advice to consumers in terms of
03:20their online banking and such that's a that's a good question um
03:29i my advice um obviously is to use two-factor authentication but the problem with that is
03:36if you're trying to if you don't already have two-factor authentication set up now trying to set
03:42it up right now in the midst of the chaos may be uh may not be a good idea um
03:50a lot of the um
03:53so you're suggesting are you suggesting that people if need be go into their banks and do it in person
03:59for the time being yes uh that's the advice i would give out and that's the advice i've been
04:04seeing for at least a day or two until the smoke settles okay should we expect more of this
04:11i think so yeah i think this is just the tip of the iceberg thank you very much paul don
04:18day
04:19is winter coming and if so how soon well we're going to enjoy for a lot of the country still
04:26some
04:27nice october weather it's really been a nice fall really for the most part um but once we turn
04:33once we turn the corner into november things are gonna start to get a little bit more like winter
04:39there's something going on in the high latitudes in the stratosphere which is signaling a change
04:45especially in about two weeks uh to where temperatures are going to be getting much colder
04:51so expect we'll we'll roll through most of the rest of this month with good weather generally speaking
04:56and then do expect some winter especially in the upper midwest and the northeast and the great lakes
05:01once we get into november uh there was a drought in the southwest that and so the southwest needed
05:09rain and now they've got to getting flooded uh do they ever get an easy flow of rain no no
05:16rain never
05:16falls in the southwest united states gently uh it always comes in torrents but the last two months
05:23september and october have tremendously helped states like arizona new mexico parts of colorado and
05:30utah and california got some really good precipitation uh over the last several days so you know places
05:36like lake powell lake mead uh big water concerns have they're still big water concerns and there
05:43always will be but they've seen some real benefits yes there's been some flooding and some damage but
05:49that's how the rain falls in that part of the world what's causing this anything in particular
05:54well we can we can blame a little bit of el nino for this uh the strengthening el nino in
05:58the pacific
05:58does tend to increase the rain opportunities in the southwestern united states and that's exactly what
06:04we're seeing okay carlos lagaspi it's good to see you gary usual you're always by the way carlos
06:13is a former rugby player and he is following some of the world's best teams in person over the next
06:23few weeks you're going to be seeing uh the u.s against what australia australia tomorrow and
06:28nashville yeah and then you're going to spain and you're going to be seeing i'll be seeing uh south
06:35africa versus france in paris next month so in paris yeah sounds like the mobs are as rough as a
06:44rugby
06:44game carlos there was a sell-off in the market yesterday what happened why so it's it's uh it i
06:55think it's a tempest and a teapot the suddenly after the earnings of meta which they came out pretty good
07:03but they um you know the amount of money that they're investing in capex um suddenly everybody
07:12said oh my god they have to invest so much money with a new muse and all of their ai
07:18it's saying oh
07:19my god will there be enough return on investment of all this infrastructure that's being built for ai
07:27and suddenly like woke up everybody woke up and said well market's been going up and up and up and
07:33and it's um are these companies over invested that's the fear that that that came in and so we
07:41started seeing a significant pullback on especially on semiconductors because i've been with chips and
07:47all that are they going to continue buying chips in the same pace and so all the semiconductor companies
07:53went down and ai company related uh companies went down it's for me that's an excuse for profit
08:01taking given there's been a really strong year it's still technically within its range the market
08:08been range bound since um beginning of last month and so we know if i see it further sell off
08:16below
08:16this level then i could start worried because it's it's a breakdown of the lower band of the range
08:22but right now still it's still i believe it's a it's a sideways market between all the end of the
08:27year with an with a positive bias from here now the sell-off there was a one second i have
08:35a question
08:37carlos if uh companies are investing in themselves how in the long term that's got to be a good thing
08:44because the biggest problems companies run into it is when they don't well the problem is that when
08:49they over invest the fear is that they are over investing and they will never earn back the amount
08:57that they invested so that's that's that's the fear and and it's always been like that with um with
09:05emerging technologies that have happened in dot com boom it's it's interesting all of that fiber optic
09:12that was laid down um for a while it was just laid unused eventually became used and then they needed
09:19to invest more you know it ended up being a lot under investment in the long end in the short
09:24term
09:24they poured you know worldcom and a lot of these companies that over invested and borrowed unborrowed
09:30money they didn't have the return to service their debt and that's the fear i'm not saying that's
09:35going to want to happen but that's what's going on through the market and then everybody ran into
09:40treasuries a safety trade and that explains the rally and the bonds and the lowering of the yield
09:45to under five percent on the 10 year it was more the equity market was the primary driver of the
09:53bond
09:54rally and now the other way around do you think any of the uh pullback yesterday might have been
09:59related to uncertainty about the midterms the market right now is pretty much uh already discounted
10:10that uh at least the house will flip and and given that it doesn't really matter if it's for for
10:19the
10:19market whether it's one or two out the chambers that flip once you lose one then you can't do
10:27reconciliation it becomes you know divided government and and and gridlock and that's what the market's
10:34preparing for and so the surprise would be if it doesn't happen that that's what's not in the
10:40market but if right now saying one or two is the same so it's kind of they're already looking past
10:46they're looking into 2027 dr bob ganetsky how do you see uh the impacts of the uh russia ukraine war
10:57and the iran war well i think we've had uh what hopefully is a major breakthrough with
11:04zelinski um saying that he's would love to see peace and um a peace agreement with the current
11:13holdings of the military in place with so he's conceding maybe about a good portion of the ukraine
11:21and i think that's uh that's would also be attractive to the russians it's not attractive
11:27to putin but a number of the people in russia who are supporters of putin have started to make
11:34statements that suggest that they're kind of fed up with where the war is going and they would like
11:39to see an end so i think we have moved over uh closer to a potential agreement hopefully before year
11:46and and that would be a major positive on the world stage how's the economy reacting
11:53the economy continues to react very well i you know my economic report for this week i put out that
12:01we're going to see some business surveys from s&p that came out this morning i thought they were
12:07going to be strong given my bias that the economy is doing very well and those surveys exceeded what i
12:15had expected uh just very strong uh readings above 50 me are very positive 55 is a good healthy
12:24economy the readings came in at like 57 58 uh businesses are doing very well at least according
12:32to those surveys and we get more information um next week we we get the fed reporting and we also
12:40get
12:40some information on uh third quarter gdp the latest estimate from the federal reserve bank of atlanta
12:50is that we've had a very strong quarter that we're just finishing up on and it's up real growth of
12:56three and a half percent that would be very good uh my forecast all along has been four percent but
13:02we'll find out what it is at the end of next week by the way it's interesting president trump has
13:08pointed out that people's 401ks since he's been back in office have virtually doubled from where i
13:15could see he's probably he's it looks like he's right which obviously is a good thing for most people
13:23since most people in this country in fact do own stocks uh so where do you see things going in
13:30the
13:30future between now and the end of the year going for the economy and and the stock market yeah i
13:37think
13:37the economy is going to continue to perform very well and uh we'll probably have another boost if
13:44the war with iran comes to an end and that's also uh looking very very good from the standpoint that
13:52iran for all the threats they're making have not been able to accomplish a great deal but the most
13:57important thing is they're not getting any money anymore or very little of it is coming in and that
14:03with a country with 90 million people there's going to be a lot of agitation with all the suffering that
14:10they've been doing and they're i think going to be pressured to come to some sort of a reasonable
14:15agreement with the united states but that remains to be seen i expect that before the end of the year
14:21too i'm looking just for a lot of good things to happen okay do you uh do you agree with
14:27carlos that
14:28uh the democrats are going to recapture the house uh i i think there's a good chance that the elections
14:35are not going to go the republicans way okay let's see what happens very encouraging uh information
14:43coming in on early voting but uh i think that there is an awful lot of hurt and financial pain
14:51out there
14:52as a result of the higher oil prices the higher gas prices and also a lot of discouraging people don't
15:00like the war they don't like the idea that we're there bombing people other people and having some of
15:06our service members suffer now many of us believe that the war is justified that it's certainly something
15:12not but the feeling out there is americans have never been encouraged over wars and chaos and we have
15:20some of that in the middle east no i there's no question that that's having an impact but you know
15:26this has been going on since 1979 and i as i've said before uh what about nuclear weapons long-range
15:35missiles and death to america is unclear it had to be done okay our question for the week guys
15:43is is the uh the latest reports on dna are raising questions about ilhan omar's marriage she said
15:52regarding whether or not she married her brother not that i know of do you think she married her
15:58brother and does it matter uh paul valente jr do you care no not necessarily okay there's yeah
16:08uh carlos did she marry her brother one of the things i don't care
16:17bob janetsky now the only reason it would care is because it reflects a culture that is so different
16:24from the one that we are so used to and so much believe in that uh it puts her so
16:31far away from our
16:32our own culture uh that it's something that we should be concerned about don day um i'm less
16:41concerned about her marriage to her brother as reports that she used a false name so uh that's
16:48that's fraud so well i'm in my own opinion is i don't care if anybody wants to marry their brother
16:57or their sister obviously there are some issues about that but the real issue for me and i'm with
17:03with don is that her whole makeup her name her apparent entry into this country all of it seems to
17:10be based on fraud and then you combine that with the investigations of fraud in minnesota it's just a
17:20stinking picture this is only part of the pill picture be that as it may we will know what's
17:27going to happen in the next two weeks and on that i want to say thank you to everybody be
17:32well stay safe
17:33have a good weekend and god bless america
17:50you
