Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Fred I was fantastic. Yeah, but I have a small complaint.
Oh I can't. You cannot mention songs and say seasons
in the sun. I've got that good. He's going through
my ear and get the bread. I'm going to do
it all day long in my head. That's the one
(00:20):
you picked. Not the Lord's prayer. Oh my lad, please stop.
That's the only one I think about. Don't do that.
We're all going to walk around today going, oh, no,
we've heard these songs. No, please read. No, you should
(00:42):
just be thank you.
Speaker 2 (00:44):
I know that you like to look for the silver lining.
Speaker 1 (00:46):
On everything, so I do. But I can't do that.
Speaker 2 (00:49):
No, just be thankful that I didn't mention. It's a
small world, isn't it. Oh there you go headline. US
stocks inch to more records. Oil prices rise ahead of
a blockbuster week for Wall Street. Some stocks did go
(01:10):
up yesterday. Oil prices also went up. And as I
pointed up to somebody this morning, when we're talking about
the oil prices, I want people to understand that's not
what they're paying right now. Because it's a global market
and they buy ahead. This is the price that companies
(01:30):
are going to pay for June and July crude oil.
So the price at the pump right now is going
to stay high for a while because the price that
they're buying at for June and July is still a
little high.
Speaker 1 (01:46):
Right yeah. And we have the Brent crewed June climb
two point eight percent and ended at a dollar or
give me a dollar hundred eight. For July, though it's
down to one oh one point sixty nine because they're
anticipating possibly if things get better, you know, more time,
(02:07):
things should get better, so the price comes down a
little bit as of right now. Again, all these markets
are looking forward, just like the stock market. And currently
this morning the futures market is kind of mixed. We
have the S and P negative, we have the Dow
up right now, uh in the pre market, in the
Nazaq down. But again every morning we talk a little
(02:27):
bit about this. Currently, the barrel of royals at ninety
nine dollars sixty five cent. Brenn is at one oh
four point eighteen, one hundred and four and eighteen, but
diesel went up a little bit two cents five and
forty six cents. The Ohio average jumped eighteenth cents from
yesterday four and eight cents, and gases up six cents
nationwide a four hours and seventeen cents. But if we
(02:48):
look at the markets, the Dow yesterday was down almost
sixty three points, which is point one three hun a percent,
so not too big of a move. But the S
and P set in records is like the NAZAC up
eight point or CV eight point eighty three, which is
point one two percent. I'll take that. Not a big move.
I'll take it. NAS back up fifty points fifty point fifty,
(03:10):
which is point two zero percent, and I'll take that.
But we have this is a big week. The fat
is starting to get together. Tomorrow we're gonna have the
announcement with the interest rates, and this is Powell's last
discussion afterwards. Oh yeah, I'd either stay on the on
the stay with the group, or leave the group. But
he's not gonna be in charge. It's not gonna be
(03:31):
the chairman after getting into May. But we have that
announcement yesterday of what the rates are gonna do. We
have earnings today, we have ZA, Starbucks, GM, Coca Cola earnings.
Well Tower's coming out to take. But tomorrow we're gonna
get some big texts at Alphabet, Meta, Microsoft, a lot
(03:52):
of things that are all the good orders coming out. And
then Thursday the first quarter GDP first estimate, So I'll
be anxious to see how do we do during the
first quarter. And remember the war started February eighth, right
around there, so we're going to see did that affect
the GDP. Where we are with the GDP were the
(04:14):
first reading, so so very interesting. But you mentioned about companies.
We had Horizons they were up one point five percent.
We had Domino's Pizza helped pull the market down. It
was down eight point eight so I guess we got
to go out and eat more Domino's pizza. But sand
(04:34):
Disc was up eight point one point one, Micron Technologies
at five point six percent, Dollar Tree was down five
point five four. We had Maderna was down four percent,
So a little mixed everyone with some tech up, some
tech down there.
Speaker 2 (04:52):
I was just going to say, is there a trend?
Are all the texts going up with the AI stuff
or all the texts going down? Is there somebody you
leading the way on any of this stuff?
Speaker 1 (05:03):
Well, we're looking at these big companies. That's why it's
interesting to see these earnings and what they say after
these big companies, the Big seven, and that most of
them are coming out this week, not all of them,
but most of them are coming out this week give
their earnings. So that's where I was gonna be looking at,
not all these you know, some are going to be okay,
some are not, but who knows. Just like with Dominoes,
do I go to pizza? Do I go to Dominos?
Do I go to topic.
Speaker 2 (05:25):
By all your groceries?
Speaker 1 (05:26):
Exactly right? What do we do? So? You know, that's
why we get these up and downs. But it's always
interesting what they're going to say after they come out
with their earnings. Okay, so to listen to that, that'll
hopefully give us some idea. But that's kind of where
we're at. A lot of it's on hold because we're
waiting on you know, inflation numbers are going to come
out this week. The later on this week we'll get
(05:47):
the PC so we'll get a look at inflation too.
So a lot of action happening this week.
Speaker 2 (05:52):
All right, Well, we'll keep an eye we'll keep an
eye on that. Some of those are big. How is
this going over uh in Europe? And what are we
looking on there? And uh, and what are we looking at? Well,
I know you mentioned the Federal Reserve Asia, but what
is the what is the treasury doing with this? What
do the yields look like right now?
Speaker 1 (06:11):
Well, the eels have crept up a little bit, the
tenure which has went up just a little bit. It's
at four point three five, the two years at three
point eight two. Both of them were up just a
little bit. Do you notice that oil went up a
little bit too. People get concerned those interest rates go
up a little bit. But the Fed will come out
tomorrow and like I said, we don't think they're going
to make a move. But again we'll see what Jerome
Piles has to say after that. But the Asian market
(06:34):
day before was up, now it's down. We had the
Shanghai down seven points, Hong Kong index down two hundred
and forty five, the nie K was down six hundred
and nineteen, which is right around up fifer percent. But
the europe market flipped to the positive and the France
CAC is up nineteen and a half points, German Dax
up thirty four, and the foot seat up forty two
(06:56):
point sixty nine, which is point four one percent.
Speaker 2 (06:58):
Okay, all right, well, I'll let you keep an eye
on that stuff. Tomorrow, of course, is a wetro Wednesday.
Hopefully we'll have a good day on Wall Street today.
We'll report on and again tomorrow around six thirty five.
If you need to reach out to Tim before then
four one nine eight two four thirty three one hundred
timw at wtroadvisors dot com, also on LinkedIn and on Facebook.
(07:23):
Advisory services are offered through Capital Investment Advisory Services l LC.
Securities are offered through Capital Investment Group, a member of
FINRA SIPC