Episode Transcript
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Speaker 1 (00:00):
How are you, mister Wheetrow fantastic. It's Friday, that is Friday.
Speaker 2 (00:05):
We got a wee get in front of us that
actually looks pretty good. German American Festival Rally by the River,
small business Saturday, Attawa Park, all kinds of good stuff.
Speaker 1 (00:16):
I'm very excited. Yes, small, small announcement. Okay, when you call,
you have to pull over. If you're using your phone,
then you call Wheetro Wealth Management. Absolutely, please be safe everyone, Yes,
be safe.
Speaker 2 (00:30):
That's our public service announcement for this morning. So the
headline yesterday from the Associated Press says Walmart helps pull
Wall Street to its fifth straight loss. I thought we
were having a couple of pretty good weeks. Where does
this fifth straight loss stuff come from? Give me some details.
Speaker 1 (00:50):
Well, let me put it. Let me put it in
perspective here. Let's just go through the indices. Okay, the
Dow lost one hundred and fifty two, only point three four.
Speaker 3 (01:01):
It's five day result for five days is negative point
two eight.
Speaker 1 (01:07):
It was negative point three four yesterday.
Speaker 3 (01:10):
The s top five hundred negative twenty five point yesterday
point four. The five day it's only down one point
five to two for a five day average the year
to date, it's up eight three to one. For a
one year, go back yesterday, go back a year, you've
made fourteen percent.
Speaker 1 (01:26):
Yes p The NASTAC down seventy two and a half points,
which is point three four. It's five day is negative
two point eight one. That seems bad, but this is a.
Speaker 3 (01:38):
NASDAC and for year to date it's up nine point
twenty seven. For a one year it's up nineteen point
seven six. So they're just using all this they have
to talk about something, Brad, and we're honing in on
what's going on today at Jackson Hall with the with
the BET chairman. This is his last time he's gonna
be there, and what's he gonna do. Well, we've had
(02:00):
some interesting information come in with with data. They had
one manufacturing number that was up a little bit, but
and we had housing existing home sales up a little
bit but still.
Speaker 1 (02:12):
We had initial jobless claims that.
Speaker 3 (02:14):
Were worse than expected. They were expecting two hundred and
twenty five thousand. It came into two hundred and thirty
five for initial jobless claims.
Speaker 1 (02:20):
So you know, we are starting to feel it. Companies
are slowing down. Meta says, Hey, we're not going to
hire so.
Speaker 3 (02:26):
Many people hold it big bedtaman.
Speaker 1 (02:30):
It's getting that out here. You have to do something.
Speaker 3 (02:33):
So we're going to see what he has to do.
You know what he's going to talk about today, whether
or not he's going to cut rates, And they're kind
of going back and forth as a little word that
they might not cut just based on inflation numbers in September.
Speaker 2 (02:45):
Well, what time is he supposed to speak before the
market closers or a couple of hours before.
Speaker 3 (02:51):
He's going to talk today at ten am?
Speaker 1 (02:54):
Oh okay, So that's the word. I have it all day.
Speaker 3 (02:57):
We get to we get to move, move things around
if we want. But yeah, but it's Friday, so we're
gonna enjoy hopefully the weekend lot going on. And I mean,
look at Ohio gas prices.
Speaker 1 (03:07):
The national average is three dollars and fourteenth cents. Ohio's
is two ninety six. That out here in I.
Speaker 2 (03:17):
Still haven't seen it for a dollar ninety nine anywhere,
But I'll take I'll take two sixty six. I'm okay
with that. So what is all of this, what is
all of this doing to the yield right now, to
the to the Treasury Department and overseas, and how are
they how are they looking at all of this?
Speaker 1 (03:35):
Well, we're looking at the yield that you know. Oh
my gosh, interest rates are.
Speaker 3 (03:38):
Going up on the tenure and now it just jumped
a little bit.
Speaker 1 (03:40):
It's only up four point three three. It was point
three four point three one just two days ago. Uh
two years up three point seventy nine.
Speaker 3 (03:47):
It's up just a little bit. If we look at
the over seas, we get into that excuse me here,
theater's not working. The foot seat which is the UK
next down two point eighty five, the dacks a German
up seventeen, CAx which is France up twelve points.
Speaker 1 (04:07):
Asian market me.
Speaker 3 (04:08):
Ka up twenty three points, Tokyo Index almost eighteen points,
Hang sang two.
Speaker 1 (04:14):
Around thirty four. It's almost a percent up.
Speaker 3 (04:17):
And the cack oh, Changhai, I'm sorry, Changhai up eighty
nine points.
Speaker 1 (04:23):
Was two percent. So things are moving.
Speaker 3 (04:26):
Overseas and Asian markets, and today our futures are also
pointing up bred So hopefully we're gonna have a little
bounce back today.
Speaker 2 (04:33):
We could have a real nice day. It could end
up being a real nice week. And I guess we'll
find out together on Monday. Now, do you have any
events coming up this weekend? Are you going to be
out running around the neighborhood. Because I want people to
be sure they're aware of a middle aged, skinny man
in tight shorts when you're out, when you're when you're
(04:54):
out there driving or right, just watch for them.
Speaker 1 (04:58):
I'm training for the Garment Mary, which is insane. Oh
you are. Yeah, I gotta put some major miles in.
Speaker 3 (05:04):
And there's a small rent at the.
Speaker 1 (05:07):
German American Festival. I think they call it the beer Run.
Speaker 2 (05:10):
Okay, all right, so you're going to be in the
garment this year? Excellent? Yes, yes, it's the inaugural inaugural
year coming up. What's what's the date again.
Speaker 3 (05:19):
For It's September twenty first. I'm twenty for that, and
I decided I'm going to do the full Oh wow,
that's twenty six point two miles. So I gotta get it, probably.
Speaker 1 (05:28):
In eighteen on Saturday.
Speaker 2 (05:30):
Yeah, you better get you better get into shape. Also,
just a quick note, you can put this down on
your calendar. It's kind of like when people send out
things that hey, save the date because we're going to
get married sometime in twenty twenty eight Wednesday. Wednesday, Tim
will be a guest in the studio along with Chad
Brigman from the Ronald McDonald House Charity. So we'll have
(05:51):
a lot of fun this coming Wednesday. All right, have
a great weekend. We'll talk to you Monday morning if
you need to reach out to him before then. Four
one nine eight two four thirty three hundred. Tim w
at retroadvisors dot com, also on Facebook and LinkedIn. Advisory
services are offered through Capital Investment Advisory Services LLC. Securities
(06:16):
are offered through Capital Investment Group, a member of FINRA
SIPC