Episode Transcript
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Speaker 1 (00:00):
How are you, mister Wheetrow. I like that, don't you?
Speaker 2 (00:06):
You made my day because I.
Speaker 3 (00:07):
Know how when I was younger, and YE know how
you felt on Christmas Eve.
Speaker 2 (00:11):
Yeah, like that excitement. I couldn't even sleep at night,
so tonight I won't be all to sleep.
Speaker 1 (00:16):
We trow Wednesday Eve. All good things come to those
who wait. You'll have to go to bed early. Leave
a leave a little jack out for a cookie out
for mister Whetro as he comes down your chimney and
leaves your stock certificate. Yes, all right. So Wall Street
was kind of all over the place yesterday. They were
(00:37):
dripping up and down technology sword oil prices, saying give
us the rundown.
Speaker 2 (00:45):
Yeah, but we did have an report come out yesterday
at ten o'clock. It was pending home sales. We're always
talking about what's going on, but it was higher. They
were expecting a zero. It came in at four.
Speaker 1 (00:56):
Oh.
Speaker 2 (00:58):
So that's that's a good thing.
Speaker 3 (01:00):
Today we have some job opening.
Speaker 2 (01:01):
Numbers coming out, but we'll get to that. But you're right,
tech was leading the way. And let's go through the
indices here.
Speaker 3 (01:08):
Uh, Dow Industrial is up sixty eight.
Speaker 2 (01:10):
Point seventy eight points which is point one five percent.
S and P five hundred up seventeen and a half points,
which is point twenty six of a percent, and that
Nasdaq was up one hundred and seven, which is almost
a half percent. So I tells you that tech was
leading the way.
Speaker 3 (01:24):
Microsoft rose point six.
Speaker 2 (01:26):
Percent, Amazon added point eight of a percent.
Speaker 3 (01:30):
So it's been interesting.
Speaker 2 (01:34):
We've got a lot going on.
Speaker 3 (01:35):
We have the government possibly.
Speaker 2 (01:36):
Shutting down, which that might save us all a little
bit of money, and we're all talking about, well, we
have reports coming out letters, wee I'm reading an articles
as well as the close we might not get these
job reports. It's like, when's the last time we got
a job report that was like accurate?
Speaker 1 (01:51):
Well that's that's the other That's what a lot of
people I've insane. In fact, somebody on my Facebook casterday
said just stop doing job reports, come completely. But I
wonder if Wall Street would be okay with that because
they do rely on some of.
Speaker 3 (02:06):
This infata, right, Yeah, and we do.
Speaker 2 (02:10):
Look at that information, but yes, and we know it
gets revised and things, so these are just normal things.
Sometimes we have to change a little bit. So maybe
that'll give a chance to reload. Maybe if it shuts
down for a while, different ways of doing it or
putting technology in place.
Speaker 3 (02:24):
But I read an article I thought was interesting when
they're talking.
Speaker 2 (02:27):
About you know, these jobs, many.
Speaker 3 (02:29):
Jobs US employers. It says Friday, when the report comes
out it's due it's many jobs US employers created and
destroyed last month. So you're telling me employers are creating
jobs and destroying it. So I don't like the wording
of an article like that.
Speaker 2 (02:48):
It gives a bad vibe to employers out there. It's like,
we're not trying to destroy jobs, my goodness, everyone's trying
to create something. So all of this is in you know,
will to fad keep you know, cutting rates or they
got to stay the same or increase them. All of
that all about the bed dictating that the employer is
destroying possible jobs.
Speaker 1 (03:09):
Yeah, I didn't understand that whole thing. That That confused
me a little.
Speaker 2 (03:12):
Bit when I Badalie written whoever wrote that, and I
know I'm looking at that it's like that is just horrid.
So anyway, you gotta be more positive about things like
I try to be every morning. I mean shoots Tuesday
morning at six thirty five.
Speaker 3 (03:26):
Yeah, yeah, you gotta be happy, don't.
Speaker 1 (03:29):
Yeah, don't ruin your week yet. All right, it just
got started for crying out loud. Now we are looking
ahead this week also right to Friday, because we're expecting
the jobs numbers on Friday.
Speaker 2 (03:42):
Well, yeah, we're we're hoping tomorrow. We have the ADP
Employment Report coming out. That's important to look at initial
jobs claims on Thursday, and then when we get the Friday, Yes,
US Unemployment Report, Employment report, the unemployment rate will come out.
Hourly wages. I always like looking at that, see if
they're up, because that's what we're going to beat inflation with. Okay,
(04:05):
and we need incomes to come up because as we know,
everyone's like going to just drop their prices because we
think that I'll lower them. Yeah, I got you spending
ten bucks for that item, Brett, I'm not going lord
to eight just to be nice.
Speaker 1 (04:15):
Where are we sitting with that right now? Does it
appear that those things are going to start to fall
anytime soon? I mean, how investors feeling about that?
Speaker 2 (04:24):
Well, when we look at what they're anticipating, it's all
looking to stay about the same. So they shut it
down this We just say, hey, it's all gonna stay
about the same.
Speaker 3 (04:32):
We're all okay, okay, it's not going to.
Speaker 2 (04:34):
Change, you know, massively. We're going to make a huge difference.
And I think the employment rate would go up because
there's people not going to their work if they work
for the government.
Speaker 1 (04:43):
And what and does it matter? I mean, you know,
if things do shut down and stay shut down long
enough that Friday's report doesn't get done, how will investor
because we know they react emotionally to everything, how will
they react to that.
Speaker 2 (04:59):
Well, every time I've seen that the government gets shut down,
everyone gets repaid.
Speaker 3 (05:04):
Back and work there.
Speaker 2 (05:05):
Nothing stops, it just mends. It just depends on how
long this thing will last. I don't think it's gonna
last that long, but who knows. You know, we're in
a different position than we've been, so this is a
wait and see. I don't think it's gonna hit investors
that much, but again, who knows.
Speaker 1 (05:20):
And there have been threats that a lot of people
would just get fired. And I'm gonna go through what
actually happens here after after the break overseas, How did
we look yesterday and what does the numbers look like
for interest rates in the bond market.
Speaker 2 (05:37):
Okay, Well, the overseas market, the China Shanghai index is
up twenty, Hong Kong is up two hundred and thirty two,
which is point eighty seven percent. Nike is up or
see me down one hundred and eleven. If we look
at France, they're down thirty one points. German indexes all
it's pretty Flast's up one uh and the fruit seat
down six and a half. Interest rates they're hovering by
(05:59):
the ten years four point four point one four. The
two year is four point zero nine. One thing I
want to mention one stock because the president opened up
said this is a game changer to Hemp, Hemp CBD. Yeah,
game changer, Yeah truly. Timlay brands jump fifty four point
(06:21):
eight percent. Canada's canopy growth rose seventeen point eight percent.
Speaker 3 (06:26):
What a day.
Speaker 2 (06:27):
Oh hey, the game changer. All right, I wouldn't know,
but it's a game trader.
Speaker 1 (06:32):
Oh yeah, you wouldn't know.
Speaker 2 (06:33):
All right.
Speaker 1 (06:34):
Keep an eye on the cannabis, all right, and we'll
talk to you tomorrow for a weetro Wednesday if you
need to talk to Tim before that. Four one nine
two eighty four or eight two four excuse me, four
one nine eight two four thirty three hundred, Facebook and
LinkedIn and tim Wwtroadvisors. Dot Com advisory services are offered
(06:55):
through Capital Investment Advisory Services LLC. Securities are offered through
Capital Investment Group, a member of FENRA SIPC