October 1, 2025 • 6 mins
Wall Street investors took a big yawn yesterday as the goveernment shutdown loomed. Tim has all the details on what is happening .
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
How are you, mister wheetrow.
Speaker 2 (00:03):
Fred. It's Wednesday, it's est and it's named after you,
So what could possibly go wrong? Right? Well, let me
let me say something though, Right, you've been doing the
radio for years in Lucas County, Williams County, Toledo or
not Willimsky, but Toledo area. Your lore, your lore is vast.
(00:23):
There's your word of the day.
Speaker 3 (00:25):
Are you saying I got a big lore because I
sit for three hours a day?
Speaker 2 (00:30):
Your personal history is vast.
Speaker 3 (00:33):
And that's that's vast, v A st I call it vast.
Speaker 1 (00:40):
Yeah, thank you. I appreciate that. I got another.
Speaker 3 (00:44):
I got another four letter word for you, yawn y
a w N, which is basically what Wall Street did yesterday,
despite the fact that they knew we were going to
shut down at midnight, which, by the way, we have
the government is shut down, so I can swear as
much as I want today because the FCC isn't around.
Speaker 2 (01:02):
No, that's right, ad I about it? Bred? Okay, we're listening,
all right?
Speaker 3 (01:07):
So what happened yesterday? I mean, obviously the investors didn't care.
Speaker 1 (01:12):
One way or the other.
Speaker 2 (01:14):
No, And and you're right, yawning is just thing I'm
looking at these the boards and everything, I'm reading stuff.
I'm going, yeah, what are we gonna talk about today?
I mean, yes, the market's going up, Yes we had
a good month. Yes we're going into the last quarter.
Happy October first today, but the Dow is up eighty
one points, which is point one eight of a percent,
sp SP Index up twenty seven point twenty five, which
(01:37):
is point four one of a percent, and the NASDAC
up sixty eight, which is point three to zero. So yeah,
I was green today. Right now, I get up. The
futures are down. But if you're worried about we talked
about yesterday, what happens to the market if if we
shut down the government?
Speaker 1 (01:56):
Right?
Speaker 2 (01:56):
Well, this little part I read here, ESP has climbed
an average of four point four percent during past shutdowns
and is positive over the last five, according to Monica Guerra. Alright, believe.
So that's interesting, you know, And they're talking about, yes,
people are going to be furloughed, but also if this
(02:18):
last two weeks or a month or however wrong, everybody
that didn't get a paycheck is going to get their
money back. So yes, you're working a bit without money,
But they get everything, Everything gets gets restored. I feel
sorry for the people that are going to any uh
national park and they're flying places to get there. And
also they're going to close the doors and not a
(02:39):
lot of them.
Speaker 1 (02:40):
That's that's that's one of the worst.
Speaker 3 (02:42):
Yeah, national museums, anything park or museum, those are going
to be closed. And if you made plans to go
on vacation, well, yeah, you're right, you're going to be
out of luck for that. But you know, that's a
minor inconvenience for a citizen of the United States.
Speaker 2 (02:59):
A minoring convene. Since I planned my whole vacation to
go say something like that, it was minor.
Speaker 1 (03:03):
Minor inconvenience for the greater for the greater good.
Speaker 2 (03:07):
So the greater good.
Speaker 1 (03:08):
Yeah, for the greater good.
Speaker 3 (03:09):
Did we have some winners yesterday, even even though most
of it was just kind of quiet and just moving along.
Speaker 1 (03:15):
Did we have anybody who anybody took notice of?
Speaker 2 (03:19):
Yeah, there's always winners. We had Core we've jumped eleven
point seven percent saying Matta Platforms will pay them a
fourteen point two billion for new orders for the cloud computing.
So we always have companies that are moving the right,
gres we had Piser. Now the president's putting into place
lower costs for prescriptions, right, So you would think that
(03:40):
would affect the big companies, but apparently they'll sell more,
I believe because Piser was up six point eighty three. Uh,
Merket Company up six point eighty one. Let me find
another one here, Eli Lilly up five.
Speaker 3 (03:55):
So we were popping and Peiser's the one that made
the announcement. Yes, the deal we're going to get if
this all works out as planned, we'll get what's considered
favored nation status prices on a lot of drugs that
people use, and in fact, Medicare and Medicaid and places
(04:16):
like that that pay Pfizer will pay lower prices, which
should end up being in your pocket too. So folks
who are on meds or a regular basis should be
able to pay a lot less. I'm going to wait
to see, but that's the announcement that they made yesterday.
Speaker 1 (04:32):
Apparently they make it helped Pfizer.
Speaker 2 (04:35):
Yeah, they make both loads of money in their stocks
trade in the United States. Gee, we get favored nation status.
Speaker 1 (04:41):
Yeah, I know.
Speaker 2 (04:42):
It was that nice funny that we're finally getting a lot.
Speaker 1 (04:45):
Funny that we're finally getting.
Speaker 3 (04:48):
What happened in the bond market yesterday and what happened overseas.
Speaker 2 (04:53):
Guys, we're just going to keep bringing the boring stuff.
Bred that the ten year city at four point one
point five, the two year interest rate is sitting at
three point six. More of these rates have come down,
just to hear, but they're being steady high. You know
in the six is there, and I know if I
get the gas, diesel pop back up to three seventy
(05:14):
cents the average Ohio if you go get a fill up,
it's three thousand and six cents of unleaded. So oil
price is sitting at sixty two bucks. It's come down,
just to hear they said that, you know, we have
all this oil slushing around out here. Yeah, okay, then
why is it so high? Why am I paying three
thousand and six cents?
Speaker 1 (05:33):
Then because it's tough to get, yes, so much.
Speaker 3 (05:36):
It's expensive, it's expensive to find an expensive to pull
out of the ground.
Speaker 2 (05:40):
Yeah yeah, but it makes it sound like they got
it all out already. But it is what it is.
Speaker 3 (05:47):
Anything today that we should pay particular attention to.
Speaker 2 (05:51):
Well, since it's the start of a new quarter, we
have a few companies coming out, but it's just the
big earnings starts in about a week and a half
when the big banks come out. But it'll be interesting.
Now we're not getting much in the economic reports, so
we're supposed to be getting ADP employment today, any construction spendings,
some manufacturing numbers by getting towards Thursday and Friday. I'm
(06:13):
not sure if those reports will come out or not.
Speaker 3 (06:15):
Yeah, we're gonna have to wait since the government to
shut down to see you about those. Well, we'll talk
again tomorrow morning at six thirty five if you need
to reach Tim before that four one nine eight two
four thirty three one hundred. Timw at retroadvisors dot com,
also on LinkedIn and Facebook. Sign up for the weekly newsletter.
(06:36):
I just got my copy overnight in my in my
email box. You can also remember that advisory services are
offered through Capital Investment Advisory Services l LC. Securities are
offered through Capital Investment Group, a member of FINRA SIPC
How are you, mister wheetrow.
Speaker 2 (00:03):
Fred. It's Wednesday, it's est and it's named after you,
So what could possibly go wrong? Right? Well, let me
let me say something though, Right, you've been doing the
radio for years in Lucas County, Williams County, Toledo or
not Willimsky, but Toledo area. Your lore, your lore is vast.
(00:23):
There's your word of the day.
Speaker 3 (00:25):
Are you saying I got a big lore because I
sit for three hours a day?
Speaker 2 (00:30):
Your personal history is vast.
Speaker 3 (00:33):
And that's that's vast, v A st I call it vast.
Speaker 1 (00:40):
Yeah, thank you. I appreciate that. I got another.
Speaker 3 (00:44):
I got another four letter word for you, yawn y
a w N, which is basically what Wall Street did yesterday,
despite the fact that they knew we were going to
shut down at midnight, which, by the way, we have
the government is shut down, so I can swear as
much as I want today because the FCC isn't around.
Speaker 2 (01:02):
No, that's right, ad I about it? Bred? Okay, we're listening,
all right?
Speaker 3 (01:07):
So what happened yesterday? I mean, obviously the investors didn't care.
Speaker 1 (01:12):
One way or the other.
Speaker 2 (01:14):
No, And and you're right, yawning is just thing I'm
looking at these the boards and everything, I'm reading stuff.
I'm going, yeah, what are we gonna talk about today?
I mean, yes, the market's going up, Yes we had
a good month. Yes we're going into the last quarter.
Happy October first today, but the Dow is up eighty
one points, which is point one eight of a percent,
sp SP Index up twenty seven point twenty five, which
(01:37):
is point four one of a percent, and the NASDAC
up sixty eight, which is point three to zero. So yeah,
I was green today. Right now, I get up. The
futures are down. But if you're worried about we talked
about yesterday, what happens to the market if if we
shut down the government?
Speaker 1 (01:56):
Right?
Speaker 2 (01:56):
Well, this little part I read here, ESP has climbed
an average of four point four percent during past shutdowns
and is positive over the last five, according to Monica Guerra. Alright, believe.
So that's interesting, you know, And they're talking about, yes,
people are going to be furloughed, but also if this
(02:18):
last two weeks or a month or however wrong, everybody
that didn't get a paycheck is going to get their
money back. So yes, you're working a bit without money,
But they get everything, Everything gets gets restored. I feel
sorry for the people that are going to any uh
national park and they're flying places to get there. And
also they're going to close the doors and not a
(02:39):
lot of them.
Speaker 1 (02:40):
That's that's that's one of the worst.
Speaker 3 (02:42):
Yeah, national museums, anything park or museum, those are going
to be closed. And if you made plans to go
on vacation, well, yeah, you're right, you're going to be
out of luck for that. But you know, that's a
minor inconvenience for a citizen of the United States.
Speaker 2 (02:59):
A minoring convene. Since I planned my whole vacation to
go say something like that, it was minor.
Speaker 1 (03:03):
Minor inconvenience for the greater for the greater good.
Speaker 2 (03:07):
So the greater good.
Speaker 1 (03:08):
Yeah, for the greater good.
Speaker 3 (03:09):
Did we have some winners yesterday, even even though most
of it was just kind of quiet and just moving along.
Speaker 1 (03:15):
Did we have anybody who anybody took notice of?
Speaker 2 (03:19):
Yeah, there's always winners. We had Core we've jumped eleven
point seven percent saying Matta Platforms will pay them a
fourteen point two billion for new orders for the cloud computing.
So we always have companies that are moving the right,
gres we had Piser. Now the president's putting into place
lower costs for prescriptions, right, So you would think that
(03:40):
would affect the big companies, but apparently they'll sell more,
I believe because Piser was up six point eighty three. Uh,
Merket Company up six point eighty one. Let me find
another one here, Eli Lilly up five.
Speaker 3 (03:55):
So we were popping and Peiser's the one that made
the announcement. Yes, the deal we're going to get if
this all works out as planned, we'll get what's considered
favored nation status prices on a lot of drugs that
people use, and in fact, Medicare and Medicaid and places
(04:16):
like that that pay Pfizer will pay lower prices, which
should end up being in your pocket too. So folks
who are on meds or a regular basis should be
able to pay a lot less. I'm going to wait
to see, but that's the announcement that they made yesterday.
Speaker 1 (04:32):
Apparently they make it helped Pfizer.
Speaker 2 (04:35):
Yeah, they make both loads of money in their stocks
trade in the United States. Gee, we get favored nation status.
Speaker 1 (04:41):
Yeah, I know.
Speaker 2 (04:42):
It was that nice funny that we're finally getting a lot.
Speaker 1 (04:45):
Funny that we're finally getting.
Speaker 3 (04:48):
What happened in the bond market yesterday and what happened overseas.
Speaker 2 (04:53):
Guys, we're just going to keep bringing the boring stuff.
Bred that the ten year city at four point one
point five, the two year interest rate is sitting at
three point six. More of these rates have come down,
just to hear, but they're being steady high. You know
in the six is there, and I know if I
get the gas, diesel pop back up to three seventy
(05:14):
cents the average Ohio if you go get a fill up,
it's three thousand and six cents of unleaded. So oil
price is sitting at sixty two bucks. It's come down,
just to hear they said that, you know, we have
all this oil slushing around out here. Yeah, okay, then
why is it so high? Why am I paying three
thousand and six cents?
Speaker 1 (05:33):
Then because it's tough to get, yes, so much.
Speaker 3 (05:36):
It's expensive, it's expensive to find an expensive to pull
out of the ground.
Speaker 2 (05:40):
Yeah yeah, but it makes it sound like they got
it all out already. But it is what it is.
Speaker 3 (05:47):
Anything today that we should pay particular attention to.
Speaker 2 (05:51):
Well, since it's the start of a new quarter, we
have a few companies coming out, but it's just the
big earnings starts in about a week and a half
when the big banks come out. But it'll be interesting.
Now we're not getting much in the economic reports, so
we're supposed to be getting ADP employment today, any construction spendings,
some manufacturing numbers by getting towards Thursday and Friday. I'm
(06:13):
not sure if those reports will come out or not.
Speaker 3 (06:15):
Yeah, we're gonna have to wait since the government to
shut down to see you about those. Well, we'll talk
again tomorrow morning at six thirty five if you need
to reach Tim before that four one nine eight two
four thirty three one hundred. Timw at retroadvisors dot com,
also on LinkedIn and Facebook. Sign up for the weekly newsletter.
(06:36):
I just got my copy overnight in my in my
email box. You can also remember that advisory services are
offered through Capital Investment Advisory Services l LC. Securities are
offered through Capital Investment Group, a member of FINRA SIPC
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