August 1, 2025 • 6 mins
Health care stocks took a hit on Thursday and Tim takes a look at that action and what reports we expect today.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
How are you, mister Whetrow.
Speaker 2 (00:03):
I am terrific.
Speaker 1 (00:09):
I like it.
Speaker 2 (00:11):
I like it coming on today. Look out, what's happened
to point down for other points?
Speaker 1 (00:17):
Oh good, he's terrific. Sick.
Speaker 3 (00:21):
I like that, terrific.
Speaker 1 (00:23):
Yeah, they are supposed to hit today.
Speaker 4 (00:25):
But yesterday the President gave I think it was Mexico
another ninety day reprieve.
Speaker 1 (00:33):
If I'm not mistaken. So we'll have to wait and
see go ahead.
Speaker 2 (00:38):
That's because they're negotiating, and he likes Swart's headed. Therefore
he gives them nighties. It's all they have to do.
Speaker 1 (00:46):
All they got to do is come to the table.
Speaker 4 (00:47):
So but yesterday, right with all the tariff news coming
on today is August first, it's going to hit for
many countries. Healthcare really took it in the shorts yesterday,
and that kind of everybody else down, even though we
did have winners in other segments of the market. That
didn't do you for us, give us the rundown of
(01:08):
what happened yesterday.
Speaker 2 (01:10):
Yeah, you mentioned healthcare. The White House was asking for
price cuts in the healthcare industry. So Eli La brucetl
Meyer Squib, United Healthcare, the alticapath Eli fell two point
six percent, United Healthcare slid six point two, Bristol Meyers
Squib dropped five point eight. But the overall sector in
the S and P five hundred for healthcare was down
(01:33):
two point seventy nine. That's your biggest loser group out
of the eleven sectors.
Speaker 3 (01:38):
But if we just look.
Speaker 2 (01:38):
At where we finished the day, we had the Dow
Industrials lost three hundred and thirty points, which is point
seventy four.
Speaker 3 (01:46):
The S and P five hundred lost twenty three.
Speaker 2 (01:48):
And a half points, which is point three seven hundred percent,
and the NAZAK lost seven points, which is only negative
point zero three. I feel like we're back in twenty
three when we get in the tech market driving the market.
We had Communications, which had a lot of tech in
it was up two point eight in that sector in
the S and P. So it just felt like, you know,
(02:09):
Apple's coming out with a lot of people buying Apple phones. Yeah,
so they blew out the doors on the reports. So
you know that was good. But if I bring us,
you know, looking at the economic calendar, what happened y history,
We've been talking about a lot of big news coming out.
We had initial jobless claims it was two hundred and seventeen.
They were expecting an increase of two hundred and twenty
initial jobless claims. It came in at two hundred and eighteen,
(02:32):
a little less than what they expected, but a little
more than last month. We had the PCE index right now.
Speaker 3 (02:39):
This is what the Fed's watching, and FRED or the FAD.
Speaker 2 (02:41):
Which everyone we will have said. It was at two
point four. They were expected two five. It came in
at two point six. It instep a little higher, and
core when we take out energy and food went up.
It stayed the same. It was at two point eight.
They were expecting you to drop two point seven, but
it came in at two point eight. But it's not
drastically changed with all this talk of triffs and everything
(03:02):
going on. But that's what the.
Speaker 3 (03:03):
FED says, Hey, we want to see what's.
Speaker 2 (03:05):
Going on with the increases.
Speaker 3 (03:07):
And yesterday you asked me if someone wrote in.
Speaker 2 (03:09):
And asked a question about GDP, does inflation affect it?
He entwers justs and no. Originally when they first look
at it, it affects a little bit, but the nominal
GDP it comes back out.
Speaker 3 (03:19):
So it affects it a little bit. But we have
news today. We have employment reports coming out, hourly wages.
Speaker 2 (03:26):
That'll be interesting. We have some manufacturing news coming out.
One more thing I want.
Speaker 3 (03:30):
To go at here.
Speaker 2 (03:31):
We're through July, seven months in. We've got a lot
moving on. We've only had this present for six seven months.
That's it. The Dow for year to date is up
three point seventy three.
Speaker 3 (03:45):
S and P five hundred.
Speaker 2 (03:46):
Is up seven point seven eight through the seven months,
and the NASTAC is up nine point three eight. And
we have had a lot of jockeying around in those
seven months. Remember back in April, SMP touched negative twenty,
so a lot of movement.
Speaker 4 (04:02):
There's been a lot of movement and most of it,
and most of it has been based on, as you've
said numerous times, of what they're looking at that they
think might happen in two, four or five six months ahead.
Speaker 1 (04:17):
So this letter that the.
Speaker 4 (04:19):
President sent out yesterday, for instance, it didn't set a date.
It was simply basically it was an ask, hey, can
you guys lower your prices?
Speaker 1 (04:29):
And the response was, oh crap.
Speaker 4 (04:32):
He asked if they could lower the prices, which means
if they don't lower the prices. He's going to do something,
and investors responded to that instead of just hey, all
he did was ask you can always say no, you know.
Speaker 1 (04:45):
Right?
Speaker 2 (04:45):
I mean we're emotional, Fred, We always talked about emotions
move the market. And you know, the first knee jerk reactions.
Speaker 3 (04:51):
That's what happened back in April.
Speaker 2 (04:52):
Knee jerk reactions. And then we come back to reality.
We're all green so far you're today?
Speaker 4 (04:57):
Yeah, well it looks good. So what'd you say? Is
coming out again today? What are we watching for?
Speaker 2 (05:02):
We have more, we have employment report, hourly wages, we
have some manufacturing numbers coming out, construction spending and.
Speaker 3 (05:11):
Consumer sentiment we want to hire one feels again.
Speaker 4 (05:17):
I don't care how everyone feels, really doesn't you know,
I don't care how you feel. Are you spending money?
Are you spending money you have? Are you spending money
you don't have? That's what I want to know. I
don't care how you feel about it. Oh, I'm so
sad you Oh, I'm so sad that I can't. And
(05:38):
then you go out for dinner and you drop fifty
sixty bucks you know, at the old bag of nails
or something and you throw it on your credit card,
put in a tip. Well you know, oh, I'm so
I'm so worried. Well, you know what, don't spend money
on unnecessary things and you won't have to worry about I'm.
Speaker 2 (05:57):
Sorry, God bless you.
Speaker 3 (05:58):
Fred. You could read play that over and over and
over look at the real numbers.
Speaker 2 (06:02):
Let's leap emotions out sometimes, Yes, please, let's do that.
Speaker 4 (06:06):
You keep an eye on all that stuff. We'll talk
to you again Monday morning. If you need to reach
Tim before then four one nine eight two four thirty
three hundred. Timw at Wetrowadvisors dot com.
Speaker 1 (06:18):
They're on Facebook and LinkedIn.
Speaker 4 (06:20):
Also, advisory services are offered through Capital Investment Advisory Services
l LC. Securities are offered through Capital Investment Group, a
member of FINRA SIPC
How are you, mister Whetrow.
Speaker 2 (00:03):
I am terrific.
Speaker 1 (00:09):
I like it.
Speaker 2 (00:11):
I like it coming on today. Look out, what's happened
to point down for other points?
Speaker 1 (00:17):
Oh good, he's terrific. Sick.
Speaker 3 (00:21):
I like that, terrific.
Speaker 1 (00:23):
Yeah, they are supposed to hit today.
Speaker 4 (00:25):
But yesterday the President gave I think it was Mexico
another ninety day reprieve.
Speaker 1 (00:33):
If I'm not mistaken. So we'll have to wait and
see go ahead.
Speaker 2 (00:38):
That's because they're negotiating, and he likes Swart's headed. Therefore
he gives them nighties. It's all they have to do.
Speaker 1 (00:46):
All they got to do is come to the table.
Speaker 4 (00:47):
So but yesterday, right with all the tariff news coming
on today is August first, it's going to hit for
many countries. Healthcare really took it in the shorts yesterday,
and that kind of everybody else down, even though we
did have winners in other segments of the market. That
didn't do you for us, give us the rundown of
(01:08):
what happened yesterday.
Speaker 2 (01:10):
Yeah, you mentioned healthcare. The White House was asking for
price cuts in the healthcare industry. So Eli La brucetl
Meyer Squib, United Healthcare, the alticapath Eli fell two point
six percent, United Healthcare slid six point two, Bristol Meyers
Squib dropped five point eight. But the overall sector in
the S and P five hundred for healthcare was down
(01:33):
two point seventy nine. That's your biggest loser group out
of the eleven sectors.
Speaker 3 (01:38):
But if we just look.
Speaker 2 (01:38):
At where we finished the day, we had the Dow
Industrials lost three hundred and thirty points, which is point
seventy four.
Speaker 3 (01:46):
The S and P five hundred lost twenty three.
Speaker 2 (01:48):
And a half points, which is point three seven hundred percent,
and the NAZAK lost seven points, which is only negative
point zero three. I feel like we're back in twenty
three when we get in the tech market driving the market.
We had Communications, which had a lot of tech in
it was up two point eight in that sector in
the S and P. So it just felt like, you know,
(02:09):
Apple's coming out with a lot of people buying Apple phones. Yeah,
so they blew out the doors on the reports. So
you know that was good. But if I bring us,
you know, looking at the economic calendar, what happened y history,
We've been talking about a lot of big news coming out.
We had initial jobless claims it was two hundred and seventeen.
They were expecting an increase of two hundred and twenty
initial jobless claims. It came in at two hundred and eighteen,
(02:32):
a little less than what they expected, but a little
more than last month. We had the PCE index right now.
Speaker 3 (02:39):
This is what the Fed's watching, and FRED or the FAD.
Speaker 2 (02:41):
Which everyone we will have said. It was at two
point four. They were expected two five. It came in
at two point six. It instep a little higher, and
core when we take out energy and food went up.
It stayed the same. It was at two point eight.
They were expecting you to drop two point seven, but
it came in at two point eight. But it's not
drastically changed with all this talk of triffs and everything
(03:02):
going on. But that's what the.
Speaker 3 (03:03):
FED says, Hey, we want to see what's.
Speaker 2 (03:05):
Going on with the increases.
Speaker 3 (03:07):
And yesterday you asked me if someone wrote in.
Speaker 2 (03:09):
And asked a question about GDP, does inflation affect it?
He entwers justs and no. Originally when they first look
at it, it affects a little bit, but the nominal
GDP it comes back out.
Speaker 3 (03:19):
So it affects it a little bit. But we have
news today. We have employment reports coming out, hourly wages.
Speaker 2 (03:26):
That'll be interesting. We have some manufacturing news coming out.
One more thing I want.
Speaker 3 (03:30):
To go at here.
Speaker 2 (03:31):
We're through July, seven months in. We've got a lot
moving on. We've only had this present for six seven months.
That's it. The Dow for year to date is up
three point seventy three.
Speaker 3 (03:45):
S and P five hundred.
Speaker 2 (03:46):
Is up seven point seven eight through the seven months,
and the NASTAC is up nine point three eight. And
we have had a lot of jockeying around in those
seven months. Remember back in April, SMP touched negative twenty,
so a lot of movement.
Speaker 4 (04:02):
There's been a lot of movement and most of it,
and most of it has been based on, as you've
said numerous times, of what they're looking at that they
think might happen in two, four or five six months ahead.
Speaker 1 (04:17):
So this letter that the.
Speaker 4 (04:19):
President sent out yesterday, for instance, it didn't set a date.
It was simply basically it was an ask, hey, can
you guys lower your prices?
Speaker 1 (04:29):
And the response was, oh crap.
Speaker 4 (04:32):
He asked if they could lower the prices, which means
if they don't lower the prices. He's going to do something,
and investors responded to that instead of just hey, all
he did was ask you can always say no, you know.
Speaker 1 (04:45):
Right?
Speaker 2 (04:45):
I mean we're emotional, Fred, We always talked about emotions
move the market. And you know, the first knee jerk reactions.
Speaker 3 (04:51):
That's what happened back in April.
Speaker 2 (04:52):
Knee jerk reactions. And then we come back to reality.
We're all green so far you're today?
Speaker 4 (04:57):
Yeah, well it looks good. So what'd you say? Is
coming out again today? What are we watching for?
Speaker 2 (05:02):
We have more, we have employment report, hourly wages, we
have some manufacturing numbers coming out, construction spending and.
Speaker 3 (05:11):
Consumer sentiment we want to hire one feels again.
Speaker 4 (05:17):
I don't care how everyone feels, really doesn't you know,
I don't care how you feel. Are you spending money?
Are you spending money you have? Are you spending money
you don't have? That's what I want to know. I
don't care how you feel about it. Oh, I'm so
sad you Oh, I'm so sad that I can't. And
(05:38):
then you go out for dinner and you drop fifty
sixty bucks you know, at the old bag of nails
or something and you throw it on your credit card,
put in a tip. Well you know, oh, I'm so
I'm so worried. Well, you know what, don't spend money
on unnecessary things and you won't have to worry about I'm.
Speaker 2 (05:57):
Sorry, God bless you.
Speaker 3 (05:58):
Fred. You could read play that over and over and
over look at the real numbers.
Speaker 2 (06:02):
Let's leap emotions out sometimes, Yes, please, let's do that.
Speaker 4 (06:06):
You keep an eye on all that stuff. We'll talk
to you again Monday morning. If you need to reach
Tim before then four one nine eight two four thirty
three hundred. Timw at Wetrowadvisors dot com.
Speaker 1 (06:18):
They're on Facebook and LinkedIn.
Speaker 4 (06:20):
Also, advisory services are offered through Capital Investment Advisory Services
l LC. Securities are offered through Capital Investment Group, a
member of FINRA SIPC
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