Rebels Edge · Tue, Sep 29, 2026
Why FICO Stock Just Crashed 27%
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Jon and Pete Najarian discuss a market reversal they attribute to rising Treasury yields, alongside moves in Carnival, Bloom Energy and Fair Isaac. They link FICO’s roughly 27% decline to potential competition from VantageScore in mortgage credit scoring, while highlighting Carnival’s earnings strength and demand for power from AI data centers.
- The hosts attribute the broader market’s early reversal to rising Treasury yields; the VIX remained near 16.
- Carnival rose roughly 12% after earnings and revenue beats, with strong bookings and record pricing extending into 2027.
- The hosts highlight repeated unusual options activity in Carnival before and during its rally.
- Bloom Energy rebounded roughly 13%, supported by AI data-center power demand and favorable analyst commentary.
- The hosts argue that off-grid power generation can help data centers avoid increasing electricity costs for surrounding communities.
- FICO fell roughly 27% as the hosts described plans to include VantageScore alongside FICO in mortgage scoring, threatening its pricing power.
- Pete favors watching for unusual options activity before pursuing additional opportunities rather than chasing sharp rallies.
- The episode also promotes Rebel Con 2026 in Las Vegas and includes extensive NFL discussion.
Full transcript
Welcome back to the Rebel's Edge. I'm Jon Najarian. My brother Pete joining shortly to talk about truly the heartbeat market and normally it takes a day for the market to go from a big update or a big down day and so forth and so on. Today, it does both in the
first hour of trading and we've got the 411 for you right after this on today's Rebel's Edge.
>> [music] [music] >> Yeah, Pete.
If you're if if you're somebody who is saying, I can't buy it today because the market's up 100 for the Dow and you know, it's up whatever 3/4 of a percent for the Nasdaq, I can't buy it today.
Well, they turned around. So, can you buy it now?
>> [laughter] >> When the when the Dow is suddenly down a half a percent, yeah. Well, I don't know. I mean, what's the what's the thought process here?
>> [laughter] >> Yeah. Well, he is of course Pete Najarian, folks. I'm Jon Najarian.
Um behind me on the screen is Circa with uh all of the great speakers who are going to be out there. We'll talk about that in a minute, but let's start out as we always do Pete with macro. The same thing that four-letter networks start out with, but they spend the whole first 30 minutes talking about it. It is not
worth that because you can't really do much about macro, folks. But, you can trade stocks. Try trading macro. Anyway, um US and European stocks were past tense generally higher in the first hour of trade. Um particularly Japan and
China, they were sort of the laggards there, Pete. But then, we jumped on that same negative bandwagon when yields went up. So, that's what I'm going to say is the macro. And I did it in less than 30 seconds, not 30 minutes.
>> And I'll do it in 13 seconds. The 10-year going up to 527 is not good. The markets don't like it, and they immediately turn and burn, and it moves to the downside. The Dow down half a percent, S&P down 2/10 of a percent, Nasdaq basically flat, but not good because of the 10-year. That's it.
>> Yep.
5.278 right now, Pete. Um that is not what people looking to refinance mortgages want to see. It is not what people that have car loans outside of Ford or Hyundai or GM or whomever they're getting it from. Those companies still offer, in order to move inventory,
0% financing, or pretty close to it.
But, if you're somebody who sadly went to a bank to get that, that's hurting you right now, as well. All right, Pete.
What about the VIX? Did the VIX flip with the market?
>> The VIX uh the VIX hasn't really had a lot of movement, to be quite honest with with you, John. I mean, it's been in a pretty dag on tight range so far. Call it 1575 to 1625, something like that. Um so, not a lot of movement there. It it is moving uh to some degree, but you know, the movement that we are seeing
right now, and we just read it off, but it it's more about the Dow stocks. It's a lot less of Nasdaq's essentially flat, S&P essentially flat, and uh you know, it makes sense of where we are. Matter of fact, it would make sense for us to even return back down towards the lows, given the kind of a market that we're
seeing right now. So, 16 makes it uh a very, very palatable, and and I'll tell you, we've been talking about this for a while, John. It gets up there maybe once in a while to 18, but it has no sustained time frame once it does get up there. And that's not that high. So, 16
VIX makes a lot of sense right now.
>> All right. Well, Pete, um we love talking about predictive markets and uh rebel predictions and so forth because we built something similar to Heat Seeker for that, folks.
Um and we actually saw that a wallet that is a big wallet but has not been a big winner of late put a big bet down on the over at 41 for the Vikings-Eagles last night, Pete. Well, for those of you who slept through it and that would not
be anybody in Chicago because they were just loving Case Keenum, which we'll talk about. Um the over-under was way under because the Bears 27 and the Eagles 7, I can do the math, that totals up to 34, not 41. So,
basically, Pete, um that predictive market, which was up to $20 million on that game, 700,000 flushed down the toilet by the person that took the over on that one.
>> That's a rough one. And you know what?
You probably expected the over for different reasons than how the game played out, John. I would say most people are looking at it going, "Okay, you got Case Keenum. What What's he going to be able to do? This guy just came out of He was in street clothes two 2 hours before the game and he just throws on a helmet." I mean, for God's
sakes. And yet, they put up 27. How about Philly? I mean, what in the world happened to that offense? What happened to the running game? What happened to the you know, the passing game to the tight ends and some of those great receivers they've got? Well, it didn't work and they only put up seven points.
So, you know what? Had I been a betting man yesterday, John, I probably would have lost, too, because that would have been the thought process I'd have. Hey, Philly's going to take it to them um and and they don't have the starting quarterback over at Chicago. They really don't even have the backup quarterback.
They got a guy off the street who hasn't been in a in a uniform in 4 years. So, [laughter] I mean, holy smokes, right?
>> It was a wonderful game for Chicago and of course for Case Keenum and his family.
Like Pete said, he hadn't played a game for over a thousand days in the NFL. That's a long time.
And the kid's been around. He's not a kid anymore, of course, but he's got a couple kids and one of them made her way onto the field, which was pretty damn cool for the interview at the end of the game. All right, Pete.
Behind me, folks, that is our ad for Circa. And I would say you guys need to scan the QR code because for those of you who do scan that QR code, you can get several hundred dollars off and join us out in Las Vegas. And you noticed
that we've got the ladies up there, too, now, because one of our fans, Pete, pointed out, they said, "You can't really call it a panel if it's all men.
That would be a manel." I said, "Well, that's that's pretty funny.
You're right. So, we got to put the ladies up there." Like Janet Alvarez.
Pete and Mark and I have been on Janet Alvarez's XM Sirius XM radio show several times, and Mark's on every week.
And it's a great show. She's going to be there along with a podcast row, Pete, that includes Gotsteen News Network.
We've got David Gotsteen going to be there. We've got Grant Cardone. We've got Doug Flutie. We've got Lonnie Paxton.
We've got so many entrepreneurs, Todd Alt, who's both a Bitcoin miner as well as owns, I think, two NASCAR teams, Pete. I mean, we've got it all for you, folks.
You want to get out there and learn some strategies, hear how entrepreneurs overcome, you know, when they've got a challenge, how do they overcome it? You're going to hear it from the horse's mouth, right there at Circa in Las Vegas. The 19th, well, that's Stadium Swim. That's the
world's largest outdoor sports book. And we're going to be there for a Nigerian cast. Think of Manningcast, except Pete and myself, Doug Flutie, Lonnie Paxton. We're going to be breaking down the game and having a great time at that world's largest
outdoor sports book. They've also got the world's largest indoor sports book.
But, I can't stress enough, folks, you guys got to sign up. Do it before this thing fills up, because once it fills up, then I guess maybe you could watch it remotely, but you're not going to be there for all the fun and action. So,
scan the QR code, join us out in Circa, which is down on Fremont Street in Las Vegas, the 19th of October through the 21st of October. All right, Pete, let's jump right into Carnival Cruise Lines, CCL.
So, Carnival Cruise Lines, folks, up today, early on it was up big. And why was that? Well, they beat and basically eased some thoughts that, oh, maybe consumers aren't out there spending. Yes, they are.
I don't know how many times we got to tell you that, folks, but, you know, you can go with some University of Michigan sentiment survey. Hell, they can't even beat Iowa. But, the University of Michigan has a has a sentiment survey that, you know, they pull a bunch of who knows who these people are that answer
this poll.
Um but you would you rather have that or would you rather see, oh, let me see.
Uh a bunch of people are signing up for Carnival Cruise Lines and Carnival is still making money. Hmm.
Maybe that means people aren't afraid and they're out there. That means the consumer CONFIDENCE MIGHT BE BETTER.
WELL, uh that's what I saw when I saw CCLP and we had unusual option activity.
Multiple days, folks. Multiple days of unusual option activity. Here's just one example.
Um yesterday, they were buying with the stock at 22. Well, the stock traded through 25 today. You think you can make money on a $3 pop on an option, which is a derivative, of course, that uh gives you leverage? Well, my answer is if you don't know, you should be out at
Circa with us cuz we can show you, right, Pete? We can show THEM AT THE POOL, JOHN. WE CAN SHOW THEM WHEREVER [laughter] THEY WANT.
>> YEAH, you know, it's amazing because this this really has been something where we got a couple of hits yesterday, couple of hits today. We've got, you know, Carnival Cruise making a really big move. And that's in the face of something that you were just talking about a minute ago, but it because a lot of people would say, well, you know, fuel is a pretty big deal for these guys, right? I mean, they they they have
to deal with that, too. Well, apparently they're dealing with that pretty well, John, because when you look at their Q3 earnings, uh they beat and the expected numbers of a buck 35, they put up buck 43. Revenue was another beat, so that was strong. It was almost 8 and 1/2 billion dollars of revenue. The guidance, the booking, all of those
different things. And they go all the way out to 2027 with the bookings and the pricing at record levels, John. So, they didn't just deliver in the past, like we talk about often times, the earnings themselves. Um they're talking about the future and and the resiliency of what they were able to do despite the
fact that they had the fuel costs that they did. So, really really kudos to the Carnival Cruise gang, up 12 13% somewhere close to that. I'm showing 12% right now, John. It's at the highest levels it was since back in June, so a nice move to the upside for Carnival Cruise.
>> Well, how about this for a nice move, Pete? 12 and 1/2% Bloom Energy.
>> Yeah.
>> So, what do these guys do? Well, they're a fuel cell provider of power for guess what? Well, probably data centers.
>> [laughter] >> And other things. It's not just data centers, but Bloom Energy being a um a cell energy provider, again fuel cell, um was up after a sharp drop yesterday. Well, they rebounded because
AI data center power demand is strong.
And you can't overemphasize that, folks.
It is the demand for power um and taking your power and not pulling from the grid because obviously a lot of data centers that did that are now under scrutiny from local uh municipalities, cities,
states because um it causes prices for regular Joes and Janes to go up. So, you got to do like Elon Musk does. And that is find a way to be off-grid, whether it's through natural gas and turbines or whether it's through Bloom Energy or whatever. Find a way to get your energy
and get it off-grid so you don't push up prices for everybody in the geographic area. This is a big deal, and Bloom Energy is up almost 13% today.
>> Having a nice run to the upside today.
It was not a nice run to the downside yesterday, but you know, looking back to yesterday, the stock went all the way down to 259. Where did it go on the high so far today? A little over 300, hit 302. So, you yeah, to the point you were talking about John, a rebound, yeah, I'd say that's about as good of a rebound as
we've seen in a long time. One day after the previous day. Absolutely incredible.
As a matter of fact, Jefferies raised the price target that they've got on it.
RBC talks about the strong demand from their Fremont facility as well. I mean, we're talking about a stock that was at 259 that today at 302 and it's been pulled back just ever so slightly off of that number, but you know, RBC also talking about a few things here along with Jefferies. So, it's interesting to
watch as people kind of move around.
This has been one of those names in the energy space though that has been absolutely on fire to the upside. And I would encourage people to keep an eye on this one and if there's any unusual option activity, this is one of those names where I immediately pounce.
>> Well, here's one that probably wishes Bill Polte was a friend of theirs instead of the director of Federal Housing and Finance Agency because what he did Pete, Bill Polte, friend of Pete's, friend of mine,
he did something that caused Fair Isaac FICO, FICO. We've all heard of it. A FICO. What's your FICO score? What's your FICO score? Well, he's saying that he is going to basically take Fannie Mae and Freddie Mac consolidate their
pricing structures and basically include something known as the Vantage score alongside the the existing FICO score. Well, that poses a pretty big threat because these guys have basically had pretty much a
clear field Pete to charge whatever they want for the mortgage providers to say, oh, Pete's very credit worthy.
John is not credit-worthy, whatever they're doing. Well, um now if all of a sudden you're getting something from Vantage score for pennies instead of what FICO or Fair Isaac was charging, this ain't good for Fair Isaac. The stock was down 19, then it was down 22,
now it's down 26% P.
>> You want to talk about getting slapped down, and the news story is fully the reason for this whole thing, obviously.
And they're not very happy about Bill Pulte, is my guess. But, John, it's it's absolutely amazing just to see, you know, how this thing got hit as hard as it did. It got all the way down to 595.
It's now sitting around 611, like you said, down 27%. So, um a simplier a simple way for the mortgage pricing to go into position, and these guys cannot be happy about what's going on and how they're getting slapped around. I you know, this is one of those
where you just wonder how long of a future can they have given the fact of some of the rules being changed now. So, uh you know, I am sure that you're right when you said Bill Pulte is probably not uh great friends with these guys because of the action that they've taken. But, it is something that, you know, a lot of
people are talking about, you know, mortgages and the rates. And we you and I bring those up when we're talking about what are some of the things from a borrowing perspective, how does that change with the 10-year and all the you know, the the rest of the the different types of things that people are looking for. So, interesting, absolutely. This thing getting beat up, um it makes a
heck of a lot of sense. Are they very happy about it? Absolutely not.
>> Well, let's uh talk about one that was much better even than it is right now, Summit Therapeutics, P. It had a double-digit gain early on from a Jefferies um price target being raised.
Um Summit Therapeutics, P, and I've covered this one a lot. It was up over 20%. Well, it's now up about 6%. Um, the news is still good, but people are just profit taking, I'd say, Pete. Um, because uh
the buy rating was maintained. The price target went from 25 to 30. Good news there. Um, but uh this uh AstraZeneca announcing a $2 billion investment in convertible preferred at 18, that might
have a little something to do with this, Pete, because Summit uh was above 18 briefly, and as soon as they announced that they were going to get a whole bunch of shares at around that level, the stock broke like a fever from 18 back down to 16, like that.
>> Yeah, it it is an amazing flip, John.
I'm I'm I'm looking at it right now. I see it down about 6% or excuse me, up about 6%, but like to your point, it was up 19% plus. So, big move. You've obviously got a lot of money involved here when you're talking about AstraZeneca and the investment of $2 billion into this, John, at like you said, somewhere in that $18 range. Citi
raised the price target from 40 to 43.
You also had Jefferies who raised their price target from 25 to 30. The stock is trading 16 and a half. Now, I would say this, if if this thing gets beat up a little bit too much more, John, this could be a pretty interesting thing to keep an eye on. And maybe maybe decide
to make a position, especially if we see some unusual option activity come back into this thing. Now, if that's a lot of ifs. So, I I don't think you you need to chase it. Some of the people probably early on were chasing this thing, but the fact that Citi and Jefferies and the rest of them have some some pretty lofty
levels that they're talking about as far as the price target, um I would say to keep a very very close eye on this one.
And looking for any kind of tip about unusual options hitting of any kind. And hopefully, if if we see that, that's something that I think our group, all of us, are going to probably pounce pretty quickly because this thing is only up a dollar on the day, 6%. Well, this thing was running pretty dead god nice when it
hit all the way up there, over 19. So, we'll see how the rest of the day goes, but um I think there's still some opportunity there if they continue this sell-off.
>> Yep. And I think Jefferies was smart to make the move today, Pete. And I think most of the people that follow Jefferies would probably um have been reacting on the way down as the stock popped under uh 18 and traded all the way back down
to 16 because, you know, a $2 billion investment in a convertible preferred, um I I don't know, that's not the same as an ATM, an at-the-money um financing, for instance. They They basically are saying, "We're putting 2 billion in and we're going to have a
convertible preferred at 1836." Okay, that's fine. Doesn't mean it's there right now. It means they could be exercising that thing, I don't know what the terms of it are, Pete, but they could be exercising that preferred exercise at a much later date. And who knows, maybe the stock's 25, 30 at that
point, or higher.
>> That's what Jefferies said.
>> Yep.
>> All right. Well, uh now we're at the stage of the show, Pete, where we talk about an interesting um video. And there were several.
>> There was [laughter] a lot to choose from.
>> There was. And I thought you guys would enjoy this almost as much as I enjoyed it as a former Bear and as a Bear fan.
So, let's give this a look and a listen.
Case Keenum, my foot my friends.
>> Eyes are not deceiving you. That's his >> know this name, people. This guy's been around a long time.
Although he was gone for a long time.
The guy looked unbelievable.
>> [laughter] >> Right?
I mean >> Well, I think one of the things Pete that people constantly don't give enough credit to and watch this push all the way into the end zone.
>> That was That was unreal.
>> And Philly is used to doing that and instead they get tossed.
Now, um I think people misunderstand and maybe that's why when we talk about J.J.
McCarthy, Pete, maybe that's why he's getting uh ousted from the Vikings because you've got to be able to read and in college there's not much of a read. Most of those college defenses, they're either dropping back into a three-deep
zone um which means you know, you're covering a spot of ground or um you're in man-to-man coverage if you have some really good players. A couple of them by the way that Philly had uh picked that one kid from Iowa, Pete. Yeah. You know, that stud. Um
and the Bears got a pretty good one too by the way um from Oregon. Um >> Stud.
>> Yeah. Safety. Yeah.
Yep. But uh it's a whole different thing the way the pros um sort of uh uh camouflage the defense that they're in and the quarterback has to read it and if he can't read it, um that quarterback will not be in the league for long. And on the other hand, when you're nearly 40
years old like Case Keenum, you've been reading it for 20 years as a pro, even though a thousand games without playing.
I know that I know that, but still, a thousand games ago is the last time this guy had the shoulder pads and jersey on playing in the NFL, P.
>> He looks [snorts] like a guy who's been there [clears throat] at camp. He was there right after the draft. He was He's been there. He's done this. He's gone the two-a-day practices. All I mean, he really he looks the part, right? I mean, he I'll tell you what, John, he looked a lot more the part than the young younger kid who got a pretty
nice contract, but when he got in there after uh uh Caleb got hurt, it he just didn't look like a quarterback in the NFL to me. He really didn't. Case Keenum, on the other hand, stepped in there like I've never seen before, and to your point, it's been A THOUSAND DAYS.
>> [laughter] >> WELL, THAT means it's what? About 3 years, a little more, whatever, but uh Case Keenum, special guy. John, last night the guy goes 24 of of 34, 250 yards, two touchdowns. He got sacked a zero times. He got in intercepted zero
times. The guy was throwing bullets down the down the field. And a lot of props to the defense for the Bears, too, because you're playing against a pretty damn good offense, right? A lot of good receivers, one of the better running backs, maybe, in the game.
Uh you got your starting quarterback for most of the game, but you you got your starting quarterback, and they just didn't look like anything. Meanwhile, the Bears put up 375 yards, John. 375 yards on the Philadelphia defense, which, you know what? I think they look upon themselves as a heck of a defense,
but when you turn the ball over three times on the offensive side, that becomes a problem. So, it's just cool to me to see that Case gets out there. He hasn't been on the on the field since 2023.
And, you know, he he's another one of those where the Vikings that was one of the stops that he made in his long career as a backup quarterback, John.
And then I played a little bit. I think it was 2017 he played for the Vikings. I liked everything he did. He filled in on all the stuff that he needed to do in that season or whatever. Um and yet, the Vikings decided not uh we'll pass on this guy. The guy looked great. I mean, right? I mean, the guy looked great.
Before we go to the next one, John, I got to I I just got to say happy >> Look >> Oh, HAPPY BIRTHDAY >> GO AHEAD.
OH, thank you, Pete.
>> [laughter] >> I appreciate it. I appreciate it. It is my happy birthday. Thank you, Pete. Um and I'm lucky enough to work with my brother who I love, folks, and a bunch of great people at Market Rebellion um who have been very nice wishing me happy birthday, as well. So, to all of you that have sent me wishes like that, including Guy Adami, Pete.
>> Wow.
>> Who every year, the only text I get from Guy Adami. Um and I know how it is, you know, he's got it programmed into his Facebook or whatever, and that's okay.
Um but it's the only time I hear from him, and he's nice enough to say, "Hey, happy birthday, John. I hope it's great day." Right. That's That's nice. You know how many other people I hear that from at CNBC, Pete?
Zero.
>> That's >> Zero.
>> That's pathetic.
>> All right. Um let me throw uh couple stats real quick. Case Keenum in college, 19,000 yd.
>> Whoa.
>> Case Keenum, [laughter] 155 passing touchdowns for the Houston Cougars.
Case Keenum, passer rating 160.
>> [laughter] >> He played 57 games. He was 37 and 14 as a starter at the University of Houston.
>> Yeah.
>> Um and I mean, it doesn't get a lot better, Pete. He won the Sammy Baugh Trophy twice.
>> Mhm.
>> I mean, this guy is a beast.
>> And you know what? It does show you how bad some of these coaches are, some of these general managers are when they when they don't really recognize the fact that the guy has a pretty, you know, look at his track record. His college record you just talked about. It's unbelievable. It literally is unbelievable, right? And
then you look at his pro record. Pretty damn good pro record, too, John. I'm not saying the guy's, you know, Joe Montana or anything, but I am saying he's a pretty damn good quarterback. The Bears were really, really smart to go out there and say, "You know what? We need something. We need a spark. Caleb's out.
What are we going to do?" And they go out and they grab Case Keenum, and he looked fantastic. I mean, you know, the guy I don't think he could have looked much better throwing the ball, the release, the speed, and everything. And you know, you get pretty tired after a while in an NFL game, and you haven't been on that field for a while. I mean, that's a little bit of a different deal.
Here's another one, John. How about another quarterback?
So, here's the thing that I find so interesting about this second one, J.J.
McCarthy. Everybody, I'm in the state of Minnesota, right? They don't like him because they don't understand that last year the Vikings gave up 60-plus sacks.
All their quarterbacks were hurt at some point in time during the year, and why?
Because the offensive line couldn't stop anybody. Well, okay, so you decide that that this kid's not very good. He can't throw the ball very well. He threw ball pretty well at Michigan, I would say, so I I I'm not so sure about that. And I think that Jim Harbaugh would have a little something to say about that as well, who was his coach at Michigan.
Well, John Harbaugh decides to say, "Hey, uh we need somebody. Who are we going to get?" They go out, they get J.J. McCarthy. What did they get?
Basically a sack of balls the you know, I mean, they gave him a fifth round pick. This is a guy who Minnesota moved up to go get him.
And now they completely gave up on him and the geniuses over there and you know, I don't want to slap them too hard, but I will. They really a fifth rounder is the best they could get. This guy was what? The 10th or 11th pick in the entire draft and these guys go for a fifth rounder.
It's unbelievable John. I mean, it really is. And then who decides to get him? John Harbaugh. Does a nice job with the Giants. I think that that could fit pretty well. And I'll give it just a couple of stats myself like you just did too. How about this? The quarterback whisperer, which is the head coach of
the Vikings, right? Um, Sam Darnold used to be on our team John. He didn't stay on our team. He went to Seattle and won a Super Bowl. Uh, Daniel Jones had a damn good year last year. He was our second string quarterback and he had 68% completion, 19 touchdowns, eight
interceptions, got sacked 20 times.
Pretty damn good stats for him as well.
Now all of a sudden you give up on this guy. I am pulling so hard for J.J. to play well and I'm doing this with a guy who's from Michigan and the school that I hate more than any school I have and Minnesota Michigan play this week by the way. But, uh, it's it's just amazing. I I'm pulling for the kid to do
well and and you know, but I think John Harbaugh is probably the right kind of a quarterback John to be dealing with this quarterback coach to be dealing with this guy. I think I think he can maybe take the best out of him and we'll see how it goes. He'll talk to Jim. They'll go back and forth, try to figure him out, but what do you think about this
trade? I mean, honestly, really a fifth round pick?
>> Yeah, a fifth round pick Pete. Um, pretty sad. Pretty sad indeed. I mean, and folks, uh those of you who really follow the game know what I'm about to say, but I'll make it quick. Um when you are getting a kid out of
college, in some cases, uh not in this one, but in some cases like Caleb Williams probably, he was making more at USC than he's making as a bear. I will bet you that, Pete. Um and these days, you know, uh when you're a starting quarterback,
whether it's Mensah or some of these other studs that are, you know, in NCAA Division I football, you're getting five, six million a year. You come out into the NFL, the veterans have negotiated away the rookie contract.
Kind of funny how they don't get a say in it, right? But they've negotiated away the rookies. There there is a salary cap for the rookie. Um he can only make so much money. And you've got him for four years, sometimes with that fifth-year option in there, Pete. So, in
other words, you're getting him for the cheapest you're going to get him ever.
And on that fifth year, you're going to have to sign him to, these days, 40, 50 million a year for five years. It's going to be a quarter of a billion dollars >> [laughter] >> for that guy at that point. Um you know, the the Vikings saw something in this guy that I didn't see. I've I've
seen him have flashes of goodness, Pete, but not greatness. I mean, the first half of the Bears game a year ago, he stunk. And then he came out at the uh second half, and all sudden he played out of his face. Was that because the Bears had some injuries or something? I
don't know. But he looked terrible in the first half, came out in the second half, played great, and then barely saw the field much the rest of the year, and started calling himself nine instead [laughter] instead of JJ or whatever.
I mean, you know, just just get rid of that kind I mean, nobody figured that out in all of the interviews they do Pete at the combine. Nobody figured that out that maybe this kid was a head case.
Well, you know, I'm sure that Harbaugh when he talked to his brother Jim, Jim probably said, "Yeah, he's got great talent." He probably said, "How bad is the head case on this kid?" And he said, "Well, you got nobody else. You might as well get him for a bag of balls." >> Yeah, you're getting him for a bag of balls. I mean, let's be honest, a
fifth-round pick in the NFL not such a big deal.
>> [laughter] >> Nope.
Just incredible. Well, remember folks, we'll be out at Circa in Las Vegas down on Fremont Street. They used to call it Glitter Gulch. And it is a fabulous new billion-dollar casino. We're going to be in there with a great lineup. Scan the QR code and join us down there the 19th
if you want to be down there for Monday Night Football for the Nagera cast or whatever we're going to call it.
>> [laughter] >> With Doug Flutie and Lonnie Paxton.
Lonnie's got three Super Bowl rings. All Doug's got is Hall of Fame for college, Hall of Fame for Canadian Football League, and Heisman Award winner. Not bad. Not bad.
[laughter] >> Not bad.
>> You want to join us out there and have a great time. The real learning and the great program starts the 20th, Tuesday the 20th. By the way, because it's during the week folks, you're not paying those extraordinary prices for Vegas.
So, sign up now, get your airfare, join us out in Las Vegas the 20th and 21st for Rebel Con 2026. And Pete, what time are we back tomorrow?
>> Tomorrow we're going to be back here, John, at 1:00 p.m. Eastern Time. We'll be revved ready to go. It's going to be a lot of fun and I hope we can find as much entertaining stuff as we did today cuz this was good.
>> [laughter] >> Bang. See you then, folks.
>> [music]
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