June 6, 2025 • 7 mins
Investors saw another dip yesterday after economic reports didn't pan out quite as expected, but today the jobs report at 8:30a will be the key to what happens on Wall Street. Tim takes a look at all of it in this latest report.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
How are you, mister Wheetrow Brett.
Speaker 2 (00:03):
It's Friday.
Speaker 3 (00:03):
I'm fantastic you made it.
Speaker 1 (00:05):
That's all.
Speaker 3 (00:06):
That's all Friday.
Speaker 1 (00:07):
I don't even care. I don't care what else happens.
It's Friday. We got rallied by the River, party in
the park, we got Old West, then festival, we got
the barber Q. This weekend, we got the Reverend Mitchell event,
we got the Bike to the Bay. There's all kinds
of stuff happening. It's going to be a full weekend.
So who cares if us stocks slipped a little bit?
(00:31):
You know, we're getting ready for the report today. So
what happened yesterday? How much did we slip? It didn't
seem to be all that much to me, you know,
but I look at percentages and then numbers and stuff,
and it just doesn't seem like a big shakeup.
Speaker 2 (00:46):
It's really not a big shakeup. Remember when I give
you these for yesterday, on the five day, we're in
the green on all three of the indexes. Okay, the
down industrials dropped one hundred and eight points, which is
only a quarter of a percent lost thirty one and
a half.
Speaker 3 (01:02):
Points, and that's down just about a half a little
over a half percent, and the Nasdaq lost.
Speaker 2 (01:08):
One hundred and sixty two points, which is point eighty
three of a percent. But the Nasdaq for the five
days is up almost a percent. The S and P
five hundred is up just shy of a half percent
for five days, and the Dow is up a quarter.
Speaker 3 (01:23):
Of a percent for five days, So not that bad.
Speaker 2 (01:27):
But the biggest news out there though, is the mut slinging. Yeah,
Trump and Muscard going at it, and it's funny how
that's falling out. But we heard about Tesla's stock yesterday.
It lost what fourteen percent?
Speaker 3 (01:43):
Lost fourteen point twenty six.
Speaker 2 (01:45):
I will tell you in the pre market it's up
around four But if I look at your to date,
Tesla is down twenty nine and a half percent. You're
to date, but a one year it's up sixty two
point sixty nine. So they've been down before. But this
mudsligue didn't happen.
Speaker 3 (02:03):
It's funny when I look at this chart. This all
started around three three thirty and it kind of tumbled there.
So I thought, well, let's look at President Trump's company. Yeah,
you know the media.
Speaker 2 (02:16):
Group True Social Trump Media Group, Yep, True Social year
to date, it's down forty one percent. It's one year
return is down fifty almost fifty seven points. But it's funny.
I looked at their chart yesterday. He lost eight percent
in that company, but the pre market it's up almost
a percent.
Speaker 3 (02:35):
But it's funny you look at that day chart, it
went down.
Speaker 2 (02:38):
About the same time.
Speaker 3 (02:39):
M hm. So I don't think the mud Slinger's helping
either one.
Speaker 2 (02:42):
Of their companies. Now, it doesn't really any point out.
Speaker 1 (02:45):
And it doesn't really help us overall because investors from
other countries all right, look at that and say, gosh,
there's it, and because and it's not so much the
argument and the mudsliger, it's the uncertain and tea. Okay,
what's going to happen? Is the big beautiful bill going
to get passed? Is this enough to cause it not
(03:06):
to get passed? Is the United States going to get
back on track when it comes to business and stuff?
And we'll answer some of those questions with the report
this morning, right, the jobs report?
Speaker 3 (03:16):
Yeah, what what really moved the market? Though?
Speaker 2 (03:18):
Fred? We had the mudsling go on a little bit,
but we.
Speaker 3 (03:21):
Had yesterday at eight thirty the initial jobless claims came.
Speaker 2 (03:24):
Out, it was a little higher than expected two hundred
and forty seven.
Speaker 3 (03:27):
Now it's still relatively low, but it's higher than.
Speaker 2 (03:30):
Spending eight months.
Speaker 3 (03:31):
Okay, but it's still relatively low if you're.
Speaker 2 (03:34):
Looking at you know, history, so it's not as bad
as what it sounds. But today we have the US
Unemployment RECU US Employment Report, that's what they want to
see how many people you know.
Speaker 3 (03:46):
Who they iron and then you also.
Speaker 2 (03:47):
Get the US unemployment rate. Okay, it's going to come out,
So these numbers around eight thirty are going to be important.
These can be market movers. But yeah, but we've we
talked about a lot of these tech companies we're letting people.
Throughout the months and weeks we've been talking, some of
them have been letting people go, so we know, you know,
(04:08):
people are pulling back. And then we just got the
news from Procter and Gamble they're.
Speaker 3 (04:11):
Going to lay off seven thousands. Yes, I saw in
the next two the next two, in the next two years,
it's stocked belt one point nine percent. So companies are getting.
Speaker 2 (04:21):
Lean and mean because they don't know about you know,
what are these tariffs going to do? All We're going
to have the tariffs, but they're they're taking action. But
of course this is going to hit you know, will
the unemployment rate go up. They're expecting it to stay
about the same, but we're going to see We're going
to also see us hourly wages.
Speaker 3 (04:38):
But it's just been a little interesting lately.
Speaker 1 (04:41):
So by eight thirty, we'll have those numbers and as
the market opens up, investors will respond to that. Here's
the one I'm really worried about. I think you and
I probably need to get together sometime this weekend, either
separately or together, and do something about this. The Brown Foreman,
the company that makes Jack Daniels and Woodford Reserve. Yeah,
(05:02):
they dropped like second way drop like seventeen percent. They
had their worst day in trading since seventy two. So
I don't know, maybe you and I need to go
out and pick up some pick up a little Jack
this weekend.
Speaker 2 (05:15):
You know, you can get to Jack. I like the Woodford.
Speaker 3 (05:19):
Okay, you're right.
Speaker 2 (05:19):
I don't know how in the world.
Speaker 3 (05:21):
They could drop seventeen point nine.
Speaker 1 (05:23):
That's a lot.
Speaker 2 (05:23):
We're in a bourbon praze. People love it. They go
out and buy all these different brands, and I know
Woodford's a lot of paporites and Jack Danews lout of favorites.
So when I read that, I boff fell.
Speaker 3 (05:31):
Out of my chair. The biggest drop since seventy two. Wow,
nineteen seventy.
Speaker 2 (05:38):
It is the biggest drop ever in the day.
Speaker 1 (05:39):
And he didn't fall out of his chair because he'd
just had a Woolford.
Speaker 2 (05:42):
No, it is right, the news about knocking me out
now tonight. You know it's Friday night.
Speaker 3 (05:48):
You're right, we'll probably have to sit down and you know.
Speaker 1 (05:51):
Bourbon, take back, have a little bourbon, and then get
out on the road and run tomorrow.
Speaker 2 (05:56):
All right, So they get out and run tomorrow, for sure.
Speaker 1 (05:58):
Big news today, eight thirty numbers will come in.
Speaker 3 (06:02):
Uh.
Speaker 1 (06:03):
Those will affect the market in one way, shape or form.
Speaker 2 (06:06):
Uh.
Speaker 1 (06:06):
If the mudslinging continues, that could do it too. Trump
had a call yesterday with President She says things went well. Uh,
he's sending some people over there. So there may be
this weekend, who knows, depending on how they word it.
There could be a little uptick on that too, if
it looks like we're gonna come up with some tariff relief.
(06:28):
So Monday could be a pretty good day. Maybe, huh.
Speaker 2 (06:32):
I'm hoping so.
Speaker 3 (06:33):
But Trump and Musker also got a schedule.
Speaker 2 (06:35):
For a phone call today, so I'm sure this can
be your shattering Okay, all right, it'll make something happen.
Speaker 1 (06:40):
Well, we'll keep an eye on that. That that I've
been out of the loop on that. But we'll talk
to Tim on Monday morning again. Now, if you need
to reach him before then four one nine eight two
four thirty three hundred Tim w at wietroadvisors dot com
or on Facebook. Advisory services are offered through Capital Investment
asery services l LC securities are offered through Capital Investment Group,
(07:05):
a member of Fenra SPC.
How are you, mister Wheetrow Brett.
Speaker 2 (00:03):
It's Friday.
Speaker 3 (00:03):
I'm fantastic you made it.
Speaker 1 (00:05):
That's all.
Speaker 3 (00:06):
That's all Friday.
Speaker 1 (00:07):
I don't even care. I don't care what else happens.
It's Friday. We got rallied by the River, party in
the park, we got Old West, then festival, we got
the barber Q. This weekend, we got the Reverend Mitchell event,
we got the Bike to the Bay. There's all kinds
of stuff happening. It's going to be a full weekend.
So who cares if us stocks slipped a little bit?
(00:31):
You know, we're getting ready for the report today. So
what happened yesterday? How much did we slip? It didn't
seem to be all that much to me, you know,
but I look at percentages and then numbers and stuff,
and it just doesn't seem like a big shakeup.
Speaker 2 (00:46):
It's really not a big shakeup. Remember when I give
you these for yesterday, on the five day, we're in
the green on all three of the indexes. Okay, the
down industrials dropped one hundred and eight points, which is
only a quarter of a percent lost thirty one and
a half.
Speaker 3 (01:02):
Points, and that's down just about a half a little
over a half percent, and the Nasdaq lost.
Speaker 2 (01:08):
One hundred and sixty two points, which is point eighty
three of a percent. But the Nasdaq for the five
days is up almost a percent. The S and P
five hundred is up just shy of a half percent
for five days, and the Dow is up a quarter.
Speaker 3 (01:23):
Of a percent for five days, So not that bad.
Speaker 2 (01:27):
But the biggest news out there though, is the mut slinging. Yeah,
Trump and Muscard going at it, and it's funny how
that's falling out. But we heard about Tesla's stock yesterday.
It lost what fourteen percent?
Speaker 3 (01:43):
Lost fourteen point twenty six.
Speaker 2 (01:45):
I will tell you in the pre market it's up
around four But if I look at your to date,
Tesla is down twenty nine and a half percent. You're
to date, but a one year it's up sixty two
point sixty nine. So they've been down before. But this
mudsligue didn't happen.
Speaker 3 (02:03):
It's funny when I look at this chart. This all
started around three three thirty and it kind of tumbled there.
So I thought, well, let's look at President Trump's company. Yeah,
you know the media.
Speaker 2 (02:16):
Group True Social Trump Media Group, Yep, True Social year
to date, it's down forty one percent. It's one year
return is down fifty almost fifty seven points. But it's funny.
I looked at their chart yesterday. He lost eight percent
in that company, but the pre market it's up almost
a percent.
Speaker 3 (02:35):
But it's funny you look at that day chart, it
went down.
Speaker 2 (02:38):
About the same time.
Speaker 3 (02:39):
M hm. So I don't think the mud Slinger's helping
either one.
Speaker 2 (02:42):
Of their companies. Now, it doesn't really any point out.
Speaker 1 (02:45):
And it doesn't really help us overall because investors from
other countries all right, look at that and say, gosh,
there's it, and because and it's not so much the
argument and the mudsliger, it's the uncertain and tea. Okay,
what's going to happen? Is the big beautiful bill going
to get passed? Is this enough to cause it not
(03:06):
to get passed? Is the United States going to get
back on track when it comes to business and stuff?
And we'll answer some of those questions with the report
this morning, right, the jobs report?
Speaker 3 (03:16):
Yeah, what what really moved the market? Though?
Speaker 2 (03:18):
Fred? We had the mudsling go on a little bit,
but we.
Speaker 3 (03:21):
Had yesterday at eight thirty the initial jobless claims came.
Speaker 2 (03:24):
Out, it was a little higher than expected two hundred
and forty seven.
Speaker 3 (03:27):
Now it's still relatively low, but it's higher than.
Speaker 2 (03:30):
Spending eight months.
Speaker 3 (03:31):
Okay, but it's still relatively low if you're.
Speaker 2 (03:34):
Looking at you know, history, so it's not as bad
as what it sounds. But today we have the US
Unemployment RECU US Employment Report, that's what they want to
see how many people you know.
Speaker 3 (03:46):
Who they iron and then you also.
Speaker 2 (03:47):
Get the US unemployment rate. Okay, it's going to come out,
So these numbers around eight thirty are going to be important.
These can be market movers. But yeah, but we've we
talked about a lot of these tech companies we're letting people.
Throughout the months and weeks we've been talking, some of
them have been letting people go, so we know, you know,
(04:08):
people are pulling back. And then we just got the
news from Procter and Gamble they're.
Speaker 3 (04:11):
Going to lay off seven thousands. Yes, I saw in
the next two the next two, in the next two years,
it's stocked belt one point nine percent. So companies are getting.
Speaker 2 (04:21):
Lean and mean because they don't know about you know,
what are these tariffs going to do? All We're going
to have the tariffs, but they're they're taking action. But
of course this is going to hit you know, will
the unemployment rate go up. They're expecting it to stay
about the same, but we're going to see We're going
to also see us hourly wages.
Speaker 3 (04:38):
But it's just been a little interesting lately.
Speaker 1 (04:41):
So by eight thirty, we'll have those numbers and as
the market opens up, investors will respond to that. Here's
the one I'm really worried about. I think you and
I probably need to get together sometime this weekend, either
separately or together, and do something about this. The Brown Foreman,
the company that makes Jack Daniels and Woodford Reserve. Yeah,
(05:02):
they dropped like second way drop like seventeen percent. They
had their worst day in trading since seventy two. So
I don't know, maybe you and I need to go
out and pick up some pick up a little Jack
this weekend.
Speaker 2 (05:15):
You know, you can get to Jack. I like the Woodford.
Speaker 3 (05:19):
Okay, you're right.
Speaker 2 (05:19):
I don't know how in the world.
Speaker 3 (05:21):
They could drop seventeen point nine.
Speaker 1 (05:23):
That's a lot.
Speaker 2 (05:23):
We're in a bourbon praze. People love it. They go
out and buy all these different brands, and I know
Woodford's a lot of paporites and Jack Danews lout of favorites.
So when I read that, I boff fell.
Speaker 3 (05:31):
Out of my chair. The biggest drop since seventy two. Wow,
nineteen seventy.
Speaker 2 (05:38):
It is the biggest drop ever in the day.
Speaker 1 (05:39):
And he didn't fall out of his chair because he'd
just had a Woolford.
Speaker 2 (05:42):
No, it is right, the news about knocking me out
now tonight. You know it's Friday night.
Speaker 3 (05:48):
You're right, we'll probably have to sit down and you know.
Speaker 1 (05:51):
Bourbon, take back, have a little bourbon, and then get
out on the road and run tomorrow.
Speaker 2 (05:56):
All right, So they get out and run tomorrow, for sure.
Speaker 1 (05:58):
Big news today, eight thirty numbers will come in.
Speaker 3 (06:02):
Uh.
Speaker 1 (06:03):
Those will affect the market in one way, shape or form.
Speaker 2 (06:06):
Uh.
Speaker 1 (06:06):
If the mudslinging continues, that could do it too. Trump
had a call yesterday with President She says things went well. Uh,
he's sending some people over there. So there may be
this weekend, who knows, depending on how they word it.
There could be a little uptick on that too, if
it looks like we're gonna come up with some tariff relief.
(06:28):
So Monday could be a pretty good day. Maybe, huh.
Speaker 2 (06:32):
I'm hoping so.
Speaker 3 (06:33):
But Trump and Musker also got a schedule.
Speaker 2 (06:35):
For a phone call today, so I'm sure this can
be your shattering Okay, all right, it'll make something happen.
Speaker 1 (06:40):
Well, we'll keep an eye on that. That that I've
been out of the loop on that. But we'll talk
to Tim on Monday morning again. Now, if you need
to reach him before then four one nine eight two
four thirty three hundred Tim w at wietroadvisors dot com
or on Facebook. Advisory services are offered through Capital Investment
asery services l LC securities are offered through Capital Investment Group,
(07:05):
a member of Fenra SPC.
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