Episode Transcript
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Speaker 1 (00:00):
How are you, mister wheetrow Bred. I'm fantastic today.
Speaker 2 (00:04):
It's Friday, too, Happy Friday.
Speaker 3 (00:06):
Happy Friday. And the stock marketing yesterday he hit some
new record highs. Well, at least two of the indices did.
So let's get some numbers and find out what the
heck happened over there yesterday.
Speaker 1 (00:18):
Oh yeah, the Dow up six hundred and forty six points,
which is one point three four percent. S and P
five hundred and fourteen point three to two, which is
point two one of a percent. And then Nazak was
your one loser for the day was minus sixty, which
is point twenty five, so a quarter of a percent.
For the five days, they're all in the green. And
of course we know for the year to date we're
(00:41):
all over ten percent. Nazac's over twenty wow today and
we've only got a few weeks left.
Speaker 3 (00:47):
That's awesome, well excellent. Now, how much of that was
due to what Chairman Powell said and how much of
that is due to some maybe other things that that
maybe didn't make the headlines yesterday?
Speaker 1 (00:59):
Well, we initial jobless claims that came out a little
bit more than expected.
Speaker 2 (01:03):
They had last month one hundred and ninety two thousand they're.
Speaker 1 (01:05):
Expecting two hundred and twenty three came in at.
Speaker 2 (01:08):
Two hundred and thirty six thousand, forty.
Speaker 1 (01:10):
Four thousand more than they expected. But they were saying
not to worry so much, as could just be because
of the holiday volatility. But then again, fred I go
to I put this in. Google snaps up some headlines.
It talks about this being you know how it went
up this this amount of forty four thousand, and then
(01:30):
a week ago it said us jobless claims spell was
a three year low.
Speaker 2 (01:33):
I mean, just because of what article you're going to
read and how.
Speaker 1 (01:36):
They're going to spin this. So I guess I'm getting
at you don't get caught up so much in these
headlines and what they're telling you. They're still in line.
Nothing's going too crazy to move the markets one way
or the other. But again, what really was getting hit
is AI. Still we've been talking bubble, bubble bubble on
these tech companies, but Oracle, when we started yesterday we said, hey,
(01:56):
they're worried about them spending money and they don't.
Speaker 2 (01:59):
Know how they're going to pay for all this stuff.
Speaker 1 (02:01):
And when we ended yesterday and the pre market, Oracle
was down thirteen percent, but the end of the day
down ten point eight three, okay, and that that helped
pull down the NASDAC. And right now.
Speaker 2 (02:13):
They're sitting down one point four to one.
Speaker 1 (02:15):
In the pre market. So keep your eye on your
on your tech area. And the video was off over
one percent. And again, that's like a five trillion dollar company,
and that can move markets with just those little moves.
Or yeah, they were off one and a half percent,
and that can move indexes because it's so big.
Speaker 2 (02:33):
Well, it's interesting and again getting.
Speaker 3 (02:35):
Yeah, because I got an email yesterday from somebody who
was telling me how scary it was that Oracle and
the video were dropping, and I said, and I wrote back,
and I said, you really need to look at the
year to date and see what's going on there, because
the movement there year to date just isn't anything that
(02:55):
you really need to worry about. And that's the that's
the key to all of this.
Speaker 1 (03:00):
You've had a pullback. This is Oracle year to date
right now, sing it plus nineteen point three three. If
you look at the year one year eleven point three five.
If I go to a five year, it's up two
hundred and twenty eight. Wow. And I always like looking
at like and this is just information, But the fifty
two week range on Oracle is like one hundred and
(03:21):
eighteen point eighty six up to three hundred and forty
five point seven two. That's where we say you got
a diversify.
Speaker 2 (03:28):
You got to look at all kinds.
Speaker 1 (03:28):
There's a lot of ways to diverse.
Speaker 2 (03:29):
FI.
Speaker 1 (03:30):
You just you know, if you bought in a three
forty five, yeah, you're down. But companies go up and down.
And that's why we have this talk to You need.
Speaker 3 (03:40):
To know when to get out and when to jump
back in.
Speaker 1 (03:43):
That's that no one knows. Yeah, we don't know what's
going to happen. If we knew, like I always say, Fred,
if I knew where the market was going, I wouldn't
be talking to you. I'd be on the beach with
my little drink till about noon and the goal maybe
I'll do some trade.
Speaker 3 (03:55):
On the beach, having mimosas. That's how that would work.
Speaker 1 (04:00):
With a Disney.
Speaker 3 (04:01):
Yeah, with oh.
Speaker 2 (04:02):
Disney, this is added two point four percent. This open.
Speaker 1 (04:06):
AI keeps like, hey, we're gonna both money with this
and this, but this is getting interesting and I'm a
little nervous about this. Open Eyes is said the entertainment giant,
investing one billion yeah, into Walt Disney for a three
year agreement. Now, this is what they want to do.
Open Ai to use more than two hundred Disney, Marble, Pixar,
and Star Wars characters to generate short, user prompted social videos.
(04:32):
We're gonna have Yoda one us how to live our lives.
Don't don't do that. They'll cross a road now, so
it'll be interesting.
Speaker 3 (04:40):
Yeah, there'll be uh, there'll be a lot of new
videos out there that people will be creating from those things,
that's for sure. So with all of that going on,
what do the interest rates look like today? What's happening
in the bond market, and what happened overseas? And then
we'll finish up.
Speaker 1 (04:57):
Yeah, we have the interest rates kind of came down
a little bit. The ten you're sitting at four point
one six, the two years sitting at three point five
to three. But I love watching the gasoline prices spread
national average two dollars and ninety three cents. I was
sitting at two dollars and eighty five cents. And just
as a reminder.
Speaker 2 (05:14):
We were over five dollars June of.
Speaker 1 (05:17):
Twenty twenty two. Wow mm hmm. So look how much
it's come down in that and Defel yet I don't
like talking about it, but it's still three dollars sixty
six is every time I do talk about it.
Speaker 2 (05:29):
It goes up.
Speaker 1 (05:30):
Yeah, but that's what we're moving stuff with. But they
all have come down, and that was over five dollars
diesel back in twenty twenty two in June as well.
Overseas market Hong Kong up four and forty six, Japan
nie K up sixty eight points, France forty three to
the positive, German dacks up sixty nine, and the futs
(05:50):
he up thirty two almost thirty three points.
Speaker 3 (05:52):
All right, excellent. Now, since we haven't been getting the
reports for a while, the government is back in business,
the report should be coming out. Is there anything coming
out today that we need to pay attention to particularly well?
Speaker 1 (06:05):
On the reports, we have wholesale inventories coming out. Other
than that, we just have some speeches some of the
FED people. But on the earning area, we have US
Goal Company coming out, Johnson Outdoors, JW. Mays just names
that we don't really follow a whole lot. But that's
happening today.
Speaker 3 (06:25):
All right, all right, I'll let you keep an eye
on my money. I'll keep an eye on the control board,
and we'll finish up the show this morning. If you
need to reach out to Tim four one nine eight
two four thirty three one hundred, Tim w atwetro Advisors,
dot com, Facebook, and LinkedIn. Also, advisory services are offered
(06:48):
through Capital Investment Advisory Services LLC. Securities are off through
Capital Investment Group, a member of Finra SI A p
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