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    The Andrew Carter Morning Show (Monday July 1, 2024)

    enJuly 01, 2024
    What major brands are experiencing economic concerns in China?
    How does Richard LaPointe suggest managing investment portfolios?
    What significant financial challenges did Michael Jackson face?
    Who co-founded the Montreal Jazz Festival and why is it important?
    What businesses have Max Shurikovsky and his wife ventured into?

    Podcast Summary

    • China's economic healthInternational brands' weak performances in China indicate economic concerns, causing market volatility, but constant portfolio review is emphasized rather than specific dates for adjustments.

      There are concerns about the economic health of China, as indicated by weak performances from major international brands like Nike, Starbucks, Tesla, and Apple. This has led to market volatility, with the Dow and S&P 500 pointing to a rebound but overall weakness in the last couple of weeks. Despite this, Richard LaPointe, a senior portfolio manager at CIBC, emphasizes the importance of constant portfolio review rather than adhering to specific dates or halfway marks. Max Schmerkowski, a former professional dancer turned judge on "So You Think You Can Dance," shared his appreciation for Montreal and the transition from being judged to judging dancers himself.

    • Retired athletes and entertainersRetired athletes and entertainers bring valuable insights and expertise to their respective fields as analysts and mentors, and can also venture into various business ventures reflecting their diverse interests and accomplishments beyond their entertainment or sports careers.

      Retired athletes and entertainers, like Tom Brady and Max Shurikovsky, bring valuable insights and expertise to their respective fields as analysts and mentors. Shurikovsky, for instance, shared his experiences and critiques as a judge on Dancing with the Stars. Additionally, Shurikovsky and his wife, Peter Murgatroyd, have ventured into various business ventures, including a skincare line and a vodka brand, reflecting their diverse interests and accomplishments beyond their entertainment careers. Despite the challenges and tragedies, such as the ongoing war in Ukraine, Shurikovsky remains optimistic and looks forward to new opportunities, including the upcoming SBS celebrity golf tournament. Overall, Shurikovsky's journey showcases the resilience, creativity, and adaptability of entertainers and athletes in their post-career lives.

    • Michael Jackson's DebtsMichael Jackson's extravagant spending led him to accrue significant debts, which extended beyond one location and included purchases of entire resorts and antique shops. His large family and recent project investments further depleted his finances.

      Michael Jackson, despite his immense wealth, accumulated significant debt due to extravagant spending. His debts extended beyond just one location, and reports suggest he even bought entire resorts and antique shops. This spending, combined with the financial demands of his large family, left little money for other expenses. Jackson's recent project, a Western series called "Horizon American Saga," required a large investment, and it remains to be seen if it will generate enough revenue to make up for the losses. Meanwhile, the Montreal Jazz Festival, co-founded by L.A. Reid, continues to thrive, offering free outdoor shows and showcasing both established and up-and-coming talent. Sadly, we recently lost a unique performer, Kinky Friedman, who was known for his work in blues, folk, and even politics. His legacy lives on through his music and the impact he had on various industries.

    • Portugal travelPortugal offers affordable prices, great weather, delicious food, and a safe environment, making it a popular travel destination for Canadians. Notable developments include new flights from Porter Airlines and increasing tourism to popular spots like Lisbon, Berghal, and the Algarve region.

      Portugal is an excellent travel destination for Canadians, offering relatively affordable prices, great weather, terrific food, and a safe environment. The country is gaining popularity among travelers, with many praising its variety and charm. Notable developments include Porter Airlines' new flights to Montreal from L.A., San Francisco, and Fort Myers. Portugal's appeal is evident in the increasing number of tourists, with popular spots like Lisbon, Berghal, and the Algarve region attracting visitors for their stunning landscapes, delicious seafood, and rich cultural experiences. Overall, Portugal is a must-visit destination for Canadians seeking adventure, relaxation, and new experiences.

    • Tourist destinationsTo enjoy less crowded experiences and discover hidden gems, consider exploring secondary or lesser-known cities and towns instead of popular tourist destinations

      Popular tourist destinations around the world, including cities like Cinque Terre in Italy and Capri in Italy's Amalfi Coast, are becoming increasingly crowded. This can make for less enjoyable experiences for travelers. To avoid the crowds and discover hidden gems, consider exploring secondary or lesser-known cities and towns that offer similar experiences. For instance, instead of visiting Barcelona, consider heading down the coast to Valencia. Or, if you're looking for an alternative to Milwaukee instead of Chicago, try exploring Madison, Wisconsin. Jim Buyer's travel tips on Twitter and Facebook are a great resource for discovering these hidden gems. And if you're feeling overwhelmed about moving, remember that it's a common experience and can lead to new opportunities. Dancers, both amateur and professional, have been found to be less neurotic than non-dancers, according to a recent study. So, consider taking up dancing as a way to reduce stress and improve your mental well-being.

    • Dancing, psychological well-beingDancing, especially at a professional or competitive level, brings discipline and benefits on physical and psychological levels, but it's unclear if being a dancer causes less neurotic behavior or if people with less neurotic tendencies are more likely to become dancers. Staying active and engaged, through dancing or other means, is crucial for aging well.

      The relationship between dancing and psychological well-being is complex. While dancing, especially at a professional or competitive level, can bring discipline and benefits on both physical and psychological levels, it's unclear if being a dancer causes a decrease in neurotic behavior or if people with less neurotic tendencies are more likely to become dancers. The same complexity applies to aging and staying active. While genetics play a role in longevity and maintaining cognitive abilities, staying connected to a community and staying active are crucial factors in aging well. The struggle is to avoid isolation, which can lead to rapid degeneration. Overall, the key is to stay engaged and active, whether through dancing or other activities, to promote both physical and psychological well-being throughout life.

    • Harvey's family supportHarvey's family's swimming background and unwavering support played a significant role in her journey to represent Canada in the Paris Games.

      Mary Sophia Harvey's journey to represent Canada in the Paris Games is deeply connected to her family's swimming background and their unwavering support. Harvey, who was born and raised in Montreal, began swimming at a young age and was inspired by her parents' experiences as swimmers. Her training schedule leading up to the games is rigorous, with early morning swims and weight sessions, but she is motivated by the experience of competing on the international stage. Despite the challenges of the COVID Olympics in Tokyo, Harvey is excited for the upcoming Paris Games and the opportunity to fully experience the Olympics as a representative of her country. Harvey, who is 24, is in the prime of her swimming career and plans to continue competing for several more years. The Canadian swim team, especially the female side, is known for its excellence, and Harvey feels proud to be a part of it. During the Paris Games, Harvey will be fully focused on her events, but she looks forward to enjoying the city in her downtime.

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