Lifestyle
Charles’ Take: Achieving Coast To Coast Home Ownership
In this episode of Charles Payne's Unstoppable Prosperity podcast, Marcus Lemonis discusses the evolving landscape of homeownership and the role of data in making it more accessible. He emphasize...
Charles’ Take: Achieving Coast To Coast Home Ownership
Lifestyle •
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Speaker A
He's earned decades of Wall street success. A lifelong student of the market who learned to navigate the world of finance with unshaken confidence. An underdog who achieved the American dream. Now the Fox Business host is sharing all his investing wisdom with you on Charles Payne's Unstoppable Prosperity podcast.
Speaker B
All right, so today's show has been primarily focused on the AI and digital revolution, right? I mean, it's the driving force behind everything in this country. And of course, with the bull market. Well, my next guest says that when it comes to the home, Bed, Bath and Beyond will be the leader in a 360 degree relationship. So I want to bring in Bed, Bath and Beyond executive chairman Camping World chairman and CEO and host of the Fixer, Marcus Lemonis. A lot of times I know, my man. If we read all the titles, we get 6 o', clock, like signing off, see you tomorrow. Let's talk about that. Because, you know, one of the value propositions for autonomous cars is the data that's going to be collected. And when I read your note, I had like one of those V8 things. I never thought about the home maybe being a similar situation. Explain exactly what you're driving at.
Speaker C
Well, I think ultimately people used to think about Bed, Bath and Beyond as a place you buy towels and rugs and things of that nature.
Speaker B
And ultimately in those tight aisles that a guy like me can't get around. That's right.
Speaker C
That's okay. The reason that I got into the business about a year and a half ago is I really want to reimagine how people think about their home. The American dreams about buying your first home.
Speaker B
Right.
Speaker C
You and I both remember the day we bought our first home. We had a high mortgage. We didn't have a lot of money down. We had a high payment payment. But the ability to transfer generational wealth from one homeowner to the next is something that I'm really focused on. And the ability to make homeownership more affordable is another thing I'm focused on. So when I look at all the data that's out there, both from purchasing predictability to all the information that you could gather, what type of home do you have? What's your mortgage? Have you pulled a permit? How's your credit? I want to triangulate all of that to be able to provide people options around home ownership that I don't think exist today.
Speaker B
But so when you say data collection, block chain tokenization and things like that, it's monetization. Monetization, that's right.
Speaker C
And so ultimately, what I want to build with Bed Bath and Beyond is a data company that understands how to collect data, how to communicate that data back to consumers in things that they want. So whether that's mortgages, financing, HELOCs, insurance, home maintenance, anything like that, I want to put all of that on chain. And so we're developing a life chain that will allow people to put their home and all their life activities on there. And then the retail business in the Omni Channel business is nothing more than data collection and providing them value.
Speaker B
And so you recently had a dividend, you know, announced a dividend of warrants to shareholders. Yep. It seems like you're going to have to raise some money to pull this off, if I'm reading this right.
Speaker C
Well, we're in a blackout period. So I can't tell you everything. Here's what I can tell you. The company has very little debt and has a lot of cash. And we're working towards getting to cash flow positive. The reason I did the warrant isn't to raise money. The reason I did the warrant is because I have had a group of shareholders have been with us a long time now. The warrant is, is at 1550. We're sitting at I think 1187 today. So we have some work to do and we have some, some points to put up on the scoreboard before that, 15.
Speaker B
You've got a very loyal shareholder base.
Speaker C
A very loyal shareholder base. But I don't want a meme stock. I want a stock built on fundamentals and I want a stock built on results. And until the results are there, the price isn't going to be there.
Speaker D
It's Will Kane Country. Watch it live at noon Eastern Monday through Thursday@foxnews.com or on the Fox News YouTube channel. And don't miss the show. Listen and follow the podcast five days a week at foxnewspodcasts.com or wherever you download your favorite podcasts.
Speaker B
What are your thoughts? Here's the headline. Trump urges Fannie Mae, Freddie Mac to boost home building. You know, obviously, you know, again, you and I have had these conversations about the American dream. Yep. And how it's moved so far away from younger people. Either older folks are buying more homes than young folks. People are buying homes with cash. The average age was in the 20s. It's well in the 30s now. Will this help? Could this help?
Speaker C
What I think is lost on people today is the reshoring of manufacturing around this country. Pulling it back from other countries is going to find itself rooted in smaller communities or in more rural areas, as that happens, homes are going to need to be built because jobs are going to need to be had. And so I think what President Trump is triangulating here is, is there a way to actually make homeownership more affordable by contacting companies like Lennar and a variety of companies like that to go out into the suburbs where these manufacturing facilities are going to be built? I think it's possible. I really do.
Speaker B
I do, too. You know, I just hope. I hope he gets the political time to pull this off, because I think the data speaks for itself. The trends speak for itself.
Speaker C
Well, is there a party that doesn't believe homeownership should be affordable?
Speaker B
Well, you know what? When it comes to political parties, they change what they believe if they think they can get elected. And I think that's why I'm registered independent, because I don't have a lot of faith in either party. I have more faith in President Trump as an individual, to be quite honest with you. But I don't have a lot of faith in the Republican Party, and I have no faith in the Democratic Party. If they think they can get reelected, like tariffs, Democrats love taxes on corporations. They would be the first one, if they could have thought of it, to say this might be an ingenious way of taxing corporations. Right. But now they're against it. And so that's what I'm worried about, Marcus, is that we can have some great things that could happen in this country, but we don't have the wherewithal to agree. One group wants power over the other group. If they ever got together and said, hey, you know what, if the Democrats today said, we're going to uphold these tariffs, I think we would all go deaf. Because of all the construction from shore to shore in this country, the reshoring you're talking about.
Speaker C
I will. I will agree. But I'll leave you with this final thought. If we want this to be a prosperous nation, which we do, more prosperous than it is today, it starts with affordable home ownership from coast to coast.
Speaker B
I'm with you, period.
Speaker C
And with me. If I can't lay my head down at night, I don't know what I'm working for.
Speaker B
Less than a minute to go. One reason why I loved watching your show before, when it was on Brand X, was you would settle down. The first. First way that you get people to be successful is to get them to take care of themselves, to be more civil with each other. Husband and wives, fathers and sons, siblings. We saw that almost every episode and you think maybe in this country the tide is turning on civility?
Speaker C
I do. I think the tide is turning because when we look at the kind of violence that we've seen lately, particularly in the assassination of Charlie Kirk, I think we're starting to get to the point where doesn't matter what side you're on. I've seen a lot of people say the insanity just has to stop.
Speaker B
Mark, it's great stuff, man. Can't wait to see the show tonight.
Speaker C
Don't forget about the fixer on Fox.
Speaker B
Hey, right now he's going to be in the bottom line tonight. But the fix are on fox Tuesday nights, 8pm Eastern. Liz Clayman, you've been listening to the Charles Payne's Unstoppable Prosperity podcast. Make sure you subscribe to this series and don't forget to rate and review and keep listening so I can help put you on the path to unstoppable prosperity. Now.