Alberta: There and the Market Impact

So consumer sentiment hits fresh record low in May as Iran war fuels inflation worries. Okay, this is a CNBC story. Uh index consumer sentiment fell from four 44.8 from a preliminary reading of 48.2. It also well below the 49.8 levels. We saw at the end of April consumer sentiment fell for the third straight month as supply disruption. The straight of hormous continues to boost gasoline prices and uh sentiment is now just below the previous historical uh trough seen in June of 2022. Critically consumer appear worried that inflation will increase. Now while you're seeing numbers like this with the consumer, okay, and where they're at with the

market. Trump knows this. Trump's paying attention to numbers like this. He knows, you know, he is dealing with this whether it's going into midterm or whatever you want to call it. If this is happening, report comes out yesterday, which is very interesting. Rob, if you want to play this clip, not this one. The one that shows how many of Trump's endorsements have won because this wasn't the case with midterms in 2022 when it happened. This wasn't the case earlier, but a video comes out yesterday. I don't know if it was Fox or CNN. It was one of the two that showed 117. Not this one, Rob. That one right there. But can you make that bigger?

Watch this. Go ahead. press play Senate races. This is his scorecard. Okay, he has endorsed eight governors. Now, some of these races weren't real close. Didn't have a lot of competition, but some of them did. I mean, we saw what happened in Louisiana, the primary of Bill Cassidy. We saw what happened a week ago tonight with Tom Massie in Kentucky, and now we're seeing it again tonight. Okay. In Texas, governor level, Trump endorsed eight. He won eight times. US House, 101 endorsed. He won. Yeah, sorry. 101 endorsed in the house and he won 101. Let me put on the pencil right here and show you this. US Senate he has endorsed eight candidates and prior to tonight he had won eight times and now you can take the

endorsement from eight to nine endorsed and from 8 to nine winner. Ken Paxton was outspent nine to one. Got the endorsement from Trump. got the endorsement of Wesley Hunt, a congressman who got knocked out uh two and a half months ago, and now we got the setup in tax of Telerico. Many Republicans felt if John Cornin could win tonight that he could be an easy winner over Telerico. We'll never know that now. And a lot of Republicans 118 endorsements, 1181. So this whole message that Trump doesn't have the, you know, influence he longer at I had Ken Paxton on the podcast what two weeks ago Rob It was probably two less than two weeks ago.

Last week. Last week we're talking to the guy. He was down while we had him on. He was down to Cornet. Nine times more spent and then all of a sudden the day after the podcast he gets the endorsement from the president. He beat you know how much he beat him by? C can you pull up by how much Ken Paxton, the AG, beat Cornin, who has been in the system for 40 plus years he's been in the system. He beat him by 27 points. You're talking about a landslide victory, not something small. So Ombberto, I'll come to you for all these people that keep criticizing and say, well, you know, the economy and this and that. Why do his endorsement right there? Look at this. 62 to 37. He won by 134,000 votes. 247,000 to 341.

That was only that was early. They had called that. That was 33% of the worse than that. Yeah. So, and he had a massive lead at the beginning. So, Ombberto, where are you at with this economy on one end, but there's still endorsement has carries weight. The thing is that President Trump has something really special because what sometimes you will see that he picks not the obvious candidate. So this is part of his likability and the weight he carries, but he's also very observant. He knows talent, you know what I mean? For example, the race in California, you know, you would think that the obvious candidate would have been uh Sheriff um Biano.

Yeah, Sheriff Biano. But he picked, you know, Steve Hilton. You know what I mean? So it's part, you know, his likability and it's part skill. Like he won't pick anybody. He will learn about them. be like, "But his record wasn't this good in 2022. His record has never been this good. He's undefeated right now." I think he's making better picks. You think it's because he's making better picks. I Some people would say if he would have picked Corn and Corner would have won if he meaning if he would have said corner Corn is winning. But this was a very good pick. It's a beatdown. It's not about a good pick. He picked I understand that. But he picked the underdog. So to the people that keep criticizing him, you can say whatever you want. The market is

reacting to his endorsements. The market's reacting. Is it going to work? Is it going to be enough to work in California? I don't know. I know Al Green is out. If you know who Al Green is. I know. That's wonderful. Al Green lost yesterday and the market couldn't believe that this guy, an establishment guy, is going to be gone. The guy that pulled up with signs, got kicked out of the thing twice. Right there, Rob. Go to the Go to the one above. Uh yeah, that one right there. If you can play that, it's only 38 seconds. Go for it.

A jarring one to see, I think, just in terms of where expectations were. Green one4 bend in a landslide in the preliminary getting crushed by uh by Meny here in his home base. And again, that's Harris County. And so our decision desk is saying you can pause that. Some interesting people are out. It'll it'll be interesting to see what happens next. But Trump's still carrying that weight. Now going into Canada. Tom, I want to come to you with this one here. Carney's got a little bit of a interesting thing. He's dealing with Alberta. Alberta is coming out saying, "Hey, I we want to do a vote to see if we can do a Brexit

style and Alberta leaves Canada. What do you mean?" Yeah, we just kind of want to leave and do our own thing because, you know, we don't like the way you're governing. And Mark Carney is reacting to it, saying, "Wait a minute. What are you guys talking about?" You know, Prime uh Prime Minister Mark Carney has warned Alberta's push for separation from Canada is a dangerous bluff that it its supporters would regret much like the UK's Brexiters who want to rejoin the EU. Carney, who was the Bank of England's governor during Britain's Brexit referendum in 2016, said many proponents who wanted to leave the block now regret the decision. I saw firsthand what happened in UK when the view was

vote for this, it'll be soft and then we'll negotiate. They'll they're still 10 years later trying to undo what people didn't think they were voting for. But what they ended up having Alberta's premier Daniel Smith on Thursday, go to hers first, Rob, if you can before we go to Carnese, announced plans to hold a public vote on October's October 19th to decide whether to pursue a referendum for the province to separate from Canada. So if you type in Danielle Smith, Alberta, it'll come up. She was all over the place yesterday. That's a short video that they have. Uh um no, that's not the one. Go a little bit lower. Um not that one. Okay, I'll find it. I'll text it to you if you want. That's one right there, Rob.

That's one right there. Yeah, go to the top one. Go to the top one if you can. Yeah, go for it. Have a very clear understanding of what the duty to consult really means and what it doesn't mean. And I think at the moment there's a lack of clarity on that. And you've talked a lot about Sorry, I'd like to respond. Is this the one? Zoom out a little bit. I think we know that is not correct a lot with Alberta and redund time specifically and we spoke about this so I don't mind. Can you mute it? Yeah. Go back to Mark Carney and then we'll come back. I'll send you the one that I have. Go for it. Question uh in terms of the specifics of the question. We have an obligation as the federal government uh to look at the

question and determine whether it's consistent with the clarity act that is uh underway. uh ultimately uh if there are questions around that questions about the clarity of the of the question if you follow uh that would be a role for parliament I'm not saying that's the case but I'm just we're just uh in the process of doing our due diligence I will say I will make the following observation though about the question and it's uh this is an observation from experience um in these separation issues it is often advanced that vote for this and it's a free option vote for this and we will strengthen your our hand in a future negotiation. That is a very dangerous bluff. That is

a very dangerous bluff. We saw I saw firsthand what happened in the United Kingdom when the vote for this. Why Tom? What is how likely is it that this could possibly happen? Well, let me show you the tail of the tape in Canada. First of all, it's not likely it can happen. But why are Albertans upset? This is the Texas of Canada equalization payments. This is where they take tax dollars and they give them to the provinces who are more liberal and the provinces that do better are the ones that have to take their excess dollars and get given to everybody else. Will you please look at the Canadian provinces and the bar chart

that says AB? You see that Pat? That's Alberta. Look how high it sticks up. Alberta makes tax dollars. Look who gets the tax dollars. Nova Scotia, New Brunswick, Quebec, on Manitoba. Look at that. This is why the people of Alberta are upset. They're the equalization payments are going to the other provinces. In other words, the ones they can't carry their own weight with liberal policies. And look at that. It sticks up. It's just shocking. You find that shocking, Jeff? It's crazy. I mean, why do you think they want to secede? We're making money. we have we're making with oil and agriculture and everything we do, we're the

Texas of Canada. I look at it this way. The reason it's unlikely is cuz Ottawa could even if they wanted to say, "Okay, we'll trade you Minnesota uh for which is like another Quebec but weirder. We'll change you Minnesota for uh Alberta." I'd make that trade in a heartbeat. Take a look this. And they'd have to take the Timberwolves. So the Take a look. This is why they're upset. It's not likely, Pat, but this chart right here is why the people of Alberta are pissed off. You see that chart? That's their tax dollars and the red is tax dollars that go to other people that can't carry their own weight. That's why Alberta's pissed.

It's not going to happen because there the constitutional process in Canada is dragged. I mean, the vote is just the start of the process. And even the premier of Alberta, Miss Smith, she's not for it either. She's saying I mean she's actually a good politician here saying look I'm not for independence but I think we need to put it to a vote just to put this issue to rest but it's it's got to go through parliament. It's got to go through all sorts of it's it's never going to happen. But the issue goes beyond chart is why the Albertans are upset. That's where it starts. I know they have a recent It goes beyond that though. It goes it's it's you know it's like um Iowa being governed by New York City. There's

different value systems in Alberta. It the Midwest of Canada is a lot like the Midwest of the United States. There's very different value systems, very different political uh identities, very different political philosophies. It's almost like they're two different countries at this point. And so the independence movement, it's like you're seeing in um places like Oregon where parts of Oregon want to secede from Quebec wants to be independent for a long time. You know, uh it's very unlikely that Kali just rob uh is 20% chance that the referendum goes through. If the referendum goes through, they will need to win by a large pat margin like 60% plus so they get taken seriously.

They only have 35% support right now for this 25 to 40% support. It will need to be a very clear signal like 60% plus. So Cong so Congress takes it seriously. They need to see if it's clear enough of a signal to put it to vote. If they put it to vote, they can they might secede and join the United States. But we don't need to train Minnesota. I like motans. You don't need to what? trade them for Minnesota for well that's a whole they've said they don't want to join the US either even if they do secede from Canada they want to be a separate state uh but I mean that's it's just I think the most important part of this is that it's registering the voter sentiment yeah it's it's it's more than dissatisfa we've gone past dissatisfaction we've

gone way past apathy is where it always starts you go way past apathy now we're into voter dissatisfaction to the point that we need to fight back it's getting to the point where people are as tired scared of being governed by people who don't take you seriously. In fact, um it's the same thing, you know, fly over country, the idea of fly over people on the coast in the United States. It's not that they don't necessarily agree with people in the middle of the country. They don't even like them. And it shows in a lot of the policies that come up. Same thing in Canada. Ottawa does not govern for Alberta. Ottawa governs for Ontario and Quebec and maybe um uh what is it? British Columbia over there in the west.

And 60% of the Kubaqua are hyper liberals. Yes, they're not. Yeah, that's the res. That's the residents of No, I appreciate it. I love Montreal. Say it again. One more time. How do you say it? Kubaqua. Kubukqua. I love it. Folks, if you're running a business and you're hiring people, there is nothing more annoying than when you hire people and it doesn't go your way. And often it ends up costing you a ton of money. Rob, go ahead and play this clip. to the average bad hire small business owner makes cost the company $17,000. The worst hires could cost you $240,000. Why? It's not just losing the employee. Many times you

lose them. They're sitting next to somebody. They've already infected the negativity on them. They draw that person out. Imagine that person was with you for two years. And many times you knew this was not a good fit. You knew this wasn't going to be somebody that was going to work with you culturally, but you look the other way. You didn't have a system on who to hire. You didn't have a system on what questions to ask. Your calibration wasn't in place. So, one of the best things we're going to do this year at the Vault Conference live in front of 12,000 people, we're going to bring a few of our employees up there and show you how we calibrate quarterly

on how we score people on five different metrics and why this has helped our company's retention go higher as well as grow exponentially in ways we've never experienced before. And this will only happen at the Vault Conference that we host once a year. 12,000 people from 60 plus countries will be attending the MGM Grand Arena in Las Vegas August 31st through September 3rd going through this 296 page manual together. And if you haven't yet registered, click on a link above or below. Get registered. You may want to bring your team with you. It'll be a very special event this year. Looking forward to seeing you there.

There you go. Go to vault2026.com. Again, vault2026.com. Speaker Steven Bartlett from the diary to CEO. He'll be there. Logan Paul will be there to talk about how to create a brand. Then we'll have Joe Montana and Jerry Rice simultaneously interview on how to find a running mate. When you get a running mate, what happens to you? And last but not least, Dan Martell, author of uh Buyback Your Time, who has exited multiple companies. We'll discuss how to leverage AI today. Go to vault2026.com. Get registered. Cannot wait to see all of you guys there. 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.