Episode Transcript
How are you, mister Whetrow.
Speaker 2 (00:04):
Brad. I'm fantastic. It's WEETO Wednesday. I'm coming up with
some ideas I want to pitch to the government, possibly
making WETO Wednesday just a half work day.
Speaker 1 (00:12):
Oh oh, I like that idea.
Speaker 3 (00:15):
Yeah, everybody goes home like around noon or one o'clock
in the afternoon. Would the markets have to close down
for half a day trading, you know, suspended?
Speaker 4 (00:23):
Yeah?
Speaker 2 (00:24):
Why not? I think they should because you know it's
WETO Wednesday. And then we'll go why.
Speaker 4 (00:28):
I'm off half a day because of wetro Wednesday.
Speaker 1 (00:30):
I'm behind that one hundred percent. Let's get one of.
Speaker 3 (00:32):
Those online petitions going and see how many cigarettes.
Speaker 1 (00:36):
You can get on it.
Speaker 2 (00:37):
I agree totally.
Speaker 3 (00:38):
I don't know if it would help or not, because
today everything kind of yesterday just kind of sat around
and stayed stagnant. Everybody's holding their breath until what we
hear from the FED today. So let's take a look
at what happened yesterday. What was the shakeout?
Speaker 2 (00:54):
Yeah, that's exactly. We're just kind of sitting still and
we're waiting for the FED and it's ninety percent chance
that he's going to go rates again just a quarter percent,
but we'll see this afternoon round two o'clock, the Dow
was down one hundred and seventy nine points, which is
point three eight of a percent. S P five hundred
off six points, which is point zero nine, so basically flat.
Same thing with the Nazak, but the Nazik was up
(01:15):
thirty points, you know, up point one three of a percent.
So again just kind of jockeying around. But we had
some news that come out. Uh, we had the Optimism Index.
It was at ninety eight point two. It came in
at ninety nine, so we have a little optimism going
on out there, which I like. And job openings and
(01:36):
on this report, I read an article here and I
learned a new financial term bread. I'm gonna start using it.
Tuesday showed that US employers were advertising seven point seven
million job openings at the end of October. That's up
a smidgeon amid a month before.
Speaker 1 (01:54):
That's a new technical on me.
Speaker 2 (01:56):
I know, But why wouldn't you lead with And then
after that it says, and the highest.
Speaker 4 (02:01):
Numbers since May. So okay, it's the highest number.
Speaker 2 (02:05):
Says why you lead with that? And said, tell me,
it's just up a smidgeon from last month, so I.
Speaker 4 (02:10):
Think that'll go over well.
Speaker 2 (02:11):
When I talked to clients, it's upper down the.
Speaker 1 (02:14):
Snidget, smidgeon, scooge. Try adding scooch every once.
Speaker 3 (02:18):
In a while, coach, Yeah, a smidgeon and a scooch
that'll that'll throw yeah.
Speaker 4 (02:24):
Yeah. Now some of the uh, some of the winners yesterday,
we had exce On Mobile climb two percent.
Speaker 2 (02:31):
New Newmont was up five point seven to two. Applevin
was up five percent. Uh. We had Hewlett Packard up
three point eight one, Blackstone up three point two two.
Key Bank was up over three percent. So those are
some nice numbers there. But on the downside, we had
an AutoZone come out with their earnings. Well apparently everyone
(02:52):
wasn't excited. It was down seven point one seven. The
same thing with Campbell's off five point two three. So
companies seemed to be having a rough quarter there. JP
Morgan Chase down four point sixty six. I thought I
read something that they were adding on in you know,
new buildings and stuff, but I'm not positive with that.
But they're talking about their expenses could be a little higher. Well, gee,
(03:14):
if i'm setting on that could be the reason.
Speaker 3 (03:18):
Ninety what was it ninety billion dollars or ninety million
dollars higher?
Speaker 1 (03:24):
That's a smidge a smidge.
Speaker 4 (03:26):
Higher, you're it's actually a midget more than that.
Speaker 2 (03:29):
Fred, it's actually one hundred and five billions.
Speaker 1 (03:32):
Oh oh, well that's a school.
Speaker 4 (03:34):
Should that be around?
Speaker 3 (03:35):
Yeah, you're right.
Speaker 4 (03:36):
That wasn't a smidget, that was a scoog cheese. We're
firing on open orders today. Uh, but this one here
o'riley's automotive a three point ninety three. So yeah, I
don't you know, we have these cars and I feel, boy,
I would love to work on a car, but man,
(03:58):
the open the hood and look at I.
Speaker 1 (03:59):
Don't know, I can't do it anymore.
Speaker 2 (04:03):
And I'm sure they're into more than that, but you know,
I always look at it and think of that. It's
like whoa, it's not like they used to be. But
and again, we have the FED coming up today with rates,
and if we look at those interest rates, the ten
years creeped up a little bit, sitting at four point
two zero and the two years sitting at three point
six two. But when the Fed comes out, if they
(04:24):
do lower that, we'll see what happens with the market.
But I think it's baked in, and I think they're
going to listen to what he says after during his meeting.
Speaker 1 (04:33):
That's what they where we're going about.
Speaker 2 (04:36):
But remember, I know the FRED is a group of
the threat. The FED is a group of people. But
the chairman's term is up in May.
Speaker 4 (04:47):
If anybody's wondering, because you keep hearing.
Speaker 2 (04:48):
This chatter, it ends in May. He'll be here for
another six seven months.
Speaker 3 (04:53):
All right, So how is this affecting overseas? What do
we look like overseas? And do you have anything on
the futures? And then I'll let you go.
Speaker 4 (05:01):
Okay, the futures right now are mixed. We have well
right now, they're all down just to here. But again
it's kind of like yesterday, up a little, down a little,
So we'll take a look at that. And the overseas.
Speaker 2 (05:13):
Market, we have the Hong Kong Index up one hundred
and six points, the nie Kayak are to be down
fifty two. In Europe we have France down thirty one,
German dacks down one hundred and eight, and the Futsea
is up twenty four points.
Speaker 1 (05:28):
All right, not so bad.
Speaker 3 (05:30):
Hopefully it'll be a good Wetro Wednesday, and we'll have
good news to share with you tomorrow morning when we
speak with Tim at six thirty five if you need
to do him before that four one nine eight two
four thirty three hundred Tim w atwetroadvisors dot com, also
on LinkedIn and on Facebook. Advisory services are offered through
(05:52):
Capital Investment Advisory Services LLC, and securities are offered through
Capital Investment Group, a member of Penra si PC
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