Whetro Morning Market Update June 26

A Quiet day on Wall Street but there are always winners and losers and Tim has them all in this report.

Episode Transcript

Speaker 1 (00:00):
Brad, it's Thursday. I'm good. You should be good mood.

Speaker 2 (00:05):
Absolutely, we're just close to being at our record as
Wall Street just to it kind of settled in yesterday.
There wasn't a whole lot of traffic, a whole lot
of trading going on, no rolling. It was just kind
of nice and calm. Probably the kind of day.

Speaker 1 (00:22):
You like, right, I like days like that. But there's
so much pending going on, and there's so much talk.
We had pending home sales, excuse me, new home sales.
That's the only one we have penning home sales. Today
new home sales came in a little lighter than expected.
And remember two years agohen we were talking about the FED,

(00:43):
when we had inflation. We wanted a little more pain,
we wanted more unemployment, we wanted you know that to
push up. We wanted everyone to quit spending as much money.
And here we're getting it that the Fed's still sitting
there saying, well, we're not gonna cut rates. We're gonna
because we're worried about the tariffs. Right, And I'll come
back to the FED president here that the new home
sales committed six hundred and twenty three thousand, They were

(01:05):
expecting six hundred and ninety five. That's almost one hundred
thousand light from the month before, So we're gonna see
what will happen. But that left our market. The Dow
was down one hundred and six and a half one
hundred and six points, which is point two five percent.
SMP was flat, and we had the NASDAC though up
sixty one. So text seems to be running a little bit,

(01:25):
which is point three one of a percent. Right now,
all the futures are putting pushing up. I thought some
of the biggest news was with the FED chairman. Yeah,
and President Now the FED chairman has eleven months left
in his in his term. Now, President Trump can put

(01:47):
him right back in there if he wants to be.
But he's I might know he's not gonna he's not
gonna push him out, but he's going to name somebody
ahead of time, and he's trying to put him in
a position make him kind of blame duck even though
he's got eleven months left. Okay, he says, this is
who I'm going to put as a pet chairman. So
he's stirring the pot to get them to kind of

(02:07):
think about, well, you know, wait, it's a little earlier
than than they wanted. So it's been very, very very interesting.
What's happened the last weight?

Speaker 2 (02:17):
Well, let me ask it. Do you think because there's
been two now of the I guess they're called governors,
two of the other governors have spoken out already, do
you think that these guys are now jockeying for the
top position in eleven months?

Speaker 1 (02:34):
Maybe you bet you Bred, and I think they're listening
to you and me, and they might even put us
in there. You think they should covery.

Speaker 2 (02:42):
I can't do it. I'm a closet Democrat. Maybe you
didn't hear that's true.

Speaker 1 (02:47):
That's true, Bred. But other big news that this could
really move the market and everything. But we all know
who Jeff Bezos is, right, Oh, Amazon, goner? Okay, he's
getting married to Lauren Sanchez. I'm going to get married.
They said they're requesting no gifts day Alabama is on
and I have to dread it back.

Speaker 2 (03:06):
I got that off. I got mine off a t move,
So I guess that's a no good.

Speaker 1 (03:13):
I never was talk about stacks that were a bumble
jump twenty five point one. That's the dating app they're
going to cut thirty percent of their workforce, which is
two hundred and forty jobs, and that'll save them annually
forty million. Boy, that's a lot. And then this is
interesting too, and I didn't hear about this, so I
read this article. Quantum Escape rallied thirty point nine, so

(03:34):
thirty percent up. They make sound state battery technology, which
promises to improve the electric vehicle range and an electric
vehicle unless I get.

Speaker 2 (03:45):
More Raine right, absolutely, but.

Speaker 1 (03:48):
I'm still there's no place to plug it in. But
I'm sure there are, but not as many as what
they need.

Speaker 2 (03:53):
No, the whole series, just like they did with a
gas stations when when gas line engines first came along,
have to build out, it's got to be a whole series.
Well that'll be interesting. So well somebody's going up then
at least. So we did have some winners yesterday, even
though the mark was kind of just we did have some.

Speaker 1 (04:11):
Winners home, yeah, but we also had some losers. We
had General Mills lost five point one percent, okay, and
fed Ex self three point three. And again I see
all the Amazons trucks, I see the ups, and I
don't see as many FedEx ones running around. But they're
still moving around, but we all order stuff and we
all have it delivered, including.

Speaker 2 (04:31):
Including meat now from for a loose meat walkers. So
today Thursday, we're good. We're getting ready to close out
this week and essentially it closes out June because we've
only got one day left in June and that's Monday,
or today, actually close the month out and the week tomorrow.
And what are we looking for today, Well.

Speaker 1 (04:52):
We're we have a ponent hanging home sales, which we'll
be looking at today. We have durable good orders. But
this GDP second revision is going to come out this
morning at a three, and then tomorrow we're gonna be
looking at PCE index and that's a favorite measurement of
of inflation. Okay, but we're going to take a peek

(05:15):
at that that say, we'll look at that. But we
also have McCormick coming out, Nike is gonna come out,
Walgreens will come out with thirties.

Speaker 2 (05:20):
All right, So we've got a lot to look at,
a lot to talk about tomorrow morning when Tim joins
us again at around six thirty seven. Now, if you
need to get a hold of them before that, four
one nine eight two four thirty three hundred Tim w
at Retroadvisors dot com, also on Facebook. Of course, advisory
services are offered through Capital Investment Advisory Services l LC,

(05:43):
and securities are offered through Capital Investment Group, a member
of FINRA SIPC