Whetro Moning Market Update June 9

Tim takes a closer look at the numbers from Friday which were better than expected when it came to the jobs report. 

Episode Transcript

Speaker 1 (00:00):
How are you, mister Wheetrow.

Speaker 2 (00:03):
I'm fantastic for its Monday, and that should be.

Speaker 1 (00:06):
We had an excellent weekend.

Speaker 3 (00:07):
A little bit of clouds, but it was nice enough
to get to both days of the MS, bike to
the Bay in and a few other activities. I'm assuming
that you got out and ran a little bit somewhere
in the middle of nowhere.

Speaker 2 (00:21):
I sure did.

Speaker 1 (00:23):
That's that's what I figured.

Speaker 2 (00:25):
And you're great and.

Speaker 3 (00:26):
You weren't running away from the news because the news
was good. According to the headline, we gained some ground
on Friday following a pretty good jobs report.

Speaker 1 (00:36):
What's the story.

Speaker 2 (00:39):
Yeah, let's take a look at what happened Friday. The
US employment report came out last month. It was at
one hundred and forty seven thousand. They were expecting one
hundred and twenty five thousand. It came in better than
expected one hundred and thirty nine. The unemployment rate stayed
at four point two US hourly wages went up just
to heir a point four of a percent. With all
that being good news, the market enjoyed it, and the

(01:02):
Dow was up four hundred and forty three points, which
is a little over one percent. The s and P
five hundred up sixty one points, which is a little
over one percent, and the NASTAC got two hundred and
thirty one points, which is one point two zero for
the percent. Also that took the five day up all
of them are over one percent and then edtics over

(01:22):
two all right there for five days.

Speaker 1 (01:25):
Now here's the weird thing.

Speaker 3 (01:26):
So I saw that report on Friday, and I saw
it on Friday night while I'm getting ready for the
show on Sunday looking through stuff. One of the headlines,
and I forget which outlet had it, had the story
that unemployment was still too high despite the good job numbers,

(01:47):
there are still more people out of work all right
than ever before.

Speaker 1 (01:52):
So is this like a half a story? Is there
some truth to all of this? And what do investors
look at when they see both sides of that coin.

Speaker 2 (02:02):
Someone's stirring the pot. We're four point two relatively if
you look at history, that's not bad. So, you know,
for them to say, oh, it's it's in a all
of time now, it's not. So it's been worse. People
are working. We've been around this area.

Speaker 1 (02:18):
For a while.

Speaker 2 (02:19):
Remember when we were trying to get unemployment up to
four because the FED wanted we need bad things to
happen so we can cut rates. Well, now, Presidents Gin
and up said, hey, let's get let's cut some rates.
And we know they cut rates last week overseas, so
we're gonna see what the Fed's gonna do. I believe
it's next week when they're getting together. Okay, but we'll

(02:41):
take a look. But yeah, I think that's that's out
of proportion.

Speaker 3 (02:45):
Okay, all right, now, it's all the stuff going on,
you know, care of uncertainty and and Tesla and everything else.
I did see that Tusla rose though, like over three percent, right, yeah, remember.

Speaker 2 (02:58):
That little fight we were talking about, the soap oper
that's in the White House going on right now. If
I take a look at the Tesla, they were up
three point six seven percent on Friday, but DJT Trump's
media was up three point eight eight percent, So I
guess that little scuffle pushed their stock prices up.

Speaker 3 (03:20):
Well yeah, but I got a lot of attention, I mean,
and people were asking me because I was saying, you know,
well here's what it said, you follow truths socialist, Well, yeah,
of course I do.

Speaker 1 (03:31):
I gotta know what's going on. Don't I come.

Speaker 2 (03:33):
You have to, Yeah, you have to. But other stocks
that did well though, as we mentioned, NASA went up
at went up very high, or I should think, but
it went up. The Navidio jumped one point two, Apple
rose one point six percent. Tesla again we did three
point seven. A Circle Internet group which is tied in
with cryptocurrencies, rose twenty nine point four per seven.

Speaker 1 (03:56):
Nice, that's a nice.

Speaker 2 (03:57):
Point four yep. Lulu Lemon plunge nineteen point eight percent.
Talking about tariffs, they don't know what to expect, and
they have some competition, knockoff competition out there too. Welcome back.

Speaker 3 (04:09):
Yeah, so there were some pretty good winners and losers.
How did Europe and Asia respond to all of that?
And what do they look like this morning as we
get the futures numbers.

Speaker 2 (04:19):
Well, we look at it this morning. We have the
foot set down only ten points, Zuro twelve points, the
Dacks one hundred and thirty two down, which is a
little over half percent. The Asian market nie K is
up three hundred and forty six point which is point
nine two percent, hangs saying up three hundred and eighty
eight which is one point sixty three and the CAC.
The China index is up eleven points, which is point

(04:41):
two nine percent. Cool.

Speaker 3 (04:43):
Next, all right, now you mentioned fed next week, you
think anything today we should keep an eye out for.

Speaker 2 (04:49):
Well, we have we still have some mornings coming out.
We have Kirklands today, but tomorrow we have game Stop
in our favorite jam Smuckers.

Speaker 3 (04:57):
Okay, that's my favorite. You keep an eye on a
I'll watch for GameStop. If you need information, you can
call Tim and the office at four one nine eight
two four thirty three hundred, reach out with an email
timw at wtroadvisors dot com. Advisory services are offered through

(05:17):
Capital Investment Advisory Services LLC. Securities are offered through Capital
Investment Group, a member of FINRA SIPC, and it can
also also track them down on Facebook.

Speaker 1 (05:30):
They put up some pretty interesting.

Speaker 3 (05:32):
Videos every once in a while, and that's an easy
way to keep track of what's going on, along with
signing up for the free weekly newsletter,