April 29, 2026 • 7 mins
The Whetro morning Market update for Wednesday from Tim covers the AI losses and the increase in crude prices.
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Episode Transcript
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Speaker 1 (00:00):
How are you, mister Wheetrow.
Speaker 2 (00:04):
I think you'd already know. It's like a party every Wednesday.
Speaker 3 (00:09):
No matter what's happening in the market, Wheetrow, Wednesday brings
out the best.
Speaker 1 (00:14):
In Tim Wheatrow.
Speaker 3 (00:16):
And yesterday in the market, we did have some sinking
AI stocks and went down a little bit.
Speaker 1 (00:22):
Oil prices went up a little bit.
Speaker 3 (00:24):
We got news that the UAE is going to be
dropping out of OPEC. That's going to change the way
things get sold and bought when it comes to crude oil.
So let's run down what happened yesterday. Give us some
facts and figures.
Speaker 2 (00:39):
All right, we got a lot of big news coming
out later today after the We have some big earnings
coming out. We have the FED decision coming out today,
but we don't expect any big changes.
Speaker 4 (00:49):
But this is.
Speaker 2 (00:49):
Probably drum Powell's last meeting or where he's in charge
giving his speech, So we'll see what happens later on today.
But yesterday the Dow was down twenty five point eighty six,
which is only point zero five percent. Okay, and I'm
gonna go I'm gonna give the five day because it
seems like we've been getting all this negative news and
(01:10):
bad stuff. I want to let you know where we're at.
During these five days. The DAW was only down point
zero two and it's still up for the year, so
we're we're doing well. That's a p five hundred down
thirty five, which is a little under a half percent
point four to nine negative. It's five days up one
point zero six, and the Nasdaq is down two hundred
(01:31):
twenty two. We talked about tech getting hit. They're all
getting old. We've got a lot of big tech earnings
coming out. So and it that two hundred and twenty
three points negative is almost a percent at negative point
nine zero.
Speaker 4 (01:43):
It's five days.
Speaker 2 (01:44):
Up one point sixty six. It's year to date is
up about six. So, yes, we've come a long way
since February twenty seven to twenty eight, when the Iran
issue is better, we start bombing Iran.
Speaker 4 (01:56):
So, uh, we've come.
Speaker 2 (01:59):
A long way. And yes, gasoline prices are climbing and
we are sitting Ohio. It is just like the national average.
We're at four two cents. Diesel is holding tight at
five and forty six cents. But that barrel of oil,
because of what we talked about here, is up three
percent on Brint and oil today and Radar Oil oil
is at one O three point seventy and Brint's at
(02:21):
one O seven point sixty four. And I'm not sure
when that's gonna start coming down since we're still.
Speaker 4 (02:27):
Blocking the poor mouse, but it's putting a lot of
pressure on that commodity.
Speaker 1 (02:33):
Well, no, we'll have to keep an eye on that one.
Speaker 3 (02:36):
It's it's not like that prices on gasoline are going
to drop in the next day or two.
Speaker 1 (02:41):
We're gonna be We're going to be at this position
for some time.
Speaker 3 (02:45):
It is the new normal, at least for the time being,
so just.
Speaker 1 (02:49):
Get used to it.
Speaker 3 (02:51):
With the UAE dropping out of OPEC, yeah, that's gonna
it'll take a while for everything to settle there.
Speaker 1 (02:58):
So we'll just have to watch stuff for a while,
that's all.
Speaker 3 (03:02):
But I mean, it wasn't bad the AI stuff with
a little bit of drop, and then today we're supposed
to get like Alphabet and Amazon.
Speaker 2 (03:11):
And Yes and those are all after the bell. So
it's basically going in tomorrow or futures tonight and going
in tomorrow. We're going to see how these reports.
Speaker 4 (03:27):
Everyone's looking to see what AI is doing.
Speaker 2 (03:29):
You know what, what progress.
Speaker 4 (03:31):
Everyone's worried was it's a bubble, you know.
Speaker 2 (03:33):
Growing, you know, But I'll tell you.
Speaker 4 (03:35):
We've come a long way since two.
Speaker 2 (03:37):
Thousand and two when we did have a tech bubble
that popped. We had companies out there had great ideas
they just couldn't come to fruition. I'm not saying that's
happening now. And yes there might be companies that come
out with ideas that can't come to fruition either, but
we've come a long way. I mean, we have little
sweepers that drive around of our house and sweep our floors.
We can turn it on. We have people delivering groceries.
(04:00):
The concepts that were a long time ago.
Speaker 4 (04:02):
But twenty five, twenty six years.
Speaker 2 (04:03):
Later, you'll here we are.
Speaker 3 (04:06):
Yeah, And what I thought was in Move Forward, Well,
that was interesting in the report that I saw about
the the AI bubble is that the investors at least
are worried that it might not because of the folks
who are protesting the data centers and not using and
(04:27):
not using AI, which is what I've been saying, you know,
stop using it. If you don't want the data centers
to be built, right, then stop using all of this stuff. Well,
if that actually takes hold, then yeah, investors are going
to go, well wait a minute, not as many people
as we thought or buying into this AI stuff. Maybe
we don't need all of these data centers, Maybe we
(04:48):
don't need to invest in all of this AI.
Speaker 1 (04:51):
So there's a lot of moving pieces for all of
this stuff.
Speaker 2 (04:54):
Boy, I'm not sure that's going to come to fruition.
We gobble up this technology, Fred, Yeah, I mean we do.
Speaker 4 (05:00):
I mean, if you leave home.
Speaker 2 (05:01):
Without your phone, it's like would almost like all start shaking.
Speaker 1 (05:04):
I mean, it's true. In the world, it is true.
Speaker 4 (05:09):
Yeah, yeah, when I walk out a little handheld.
Speaker 1 (05:12):
When I walk out. Now, my wife always says, do
you have your phone?
Speaker 3 (05:16):
You know, just in case something happens, because before, back
in the day, if something happened, there was a phone
booth around and you could call and say I've been
in an accident. You didn't have a cell phone. You
go to a phone booth, Yeah I had an accident.
You know, the police would call or something like that.
It's just it's just crazy. How was this shaken out
(05:38):
for the European markets and for the bond market today
before we go into Wednesday?
Speaker 2 (05:44):
Yeah, the bond market is creeping up a little bit.
The ten years at four point three six. The two
year went up just a little bit. It's still sitting
at three three point eight five percent. If we look
at the overseas market, I'll get that in front of me.
Here we have the Shanghai up twenty eight eight, Hong
Kong ends ups four in thirty two. On the European market,
we have the Footsea down sixty one, the German Dacks
(06:08):
down only six point seventy two, and Francis cack Off
thirty eight.
Speaker 1 (06:12):
Okay points, all right, so find out. So we'll find
out what the Fed says today.
Speaker 3 (06:17):
It's probably Chairman Powell's last meeting because now they've well
as had because they've dropped the lawsuit against him.
Speaker 1 (06:27):
That paves the way for the new guy to come in.
Speaker 3 (06:29):
He'll have to be approved, of course, but that's probably
not going to be a problem everybody. The Committee is
expected to approve it and then send it to the Senate,
and as soon as the Senate votes on it, we'll
we'll have a new head of the Fed, Kevin Walsh.
So we'll keep an eye on that and we'll talk
with Tim again. Tomorrow if you need to reach out
(06:49):
to him before then four one nine eight two four
thirty three hundred Tim w at we trow advisors dot com,
on LinkedIn, on Facebook, and just remember. Advisory services are
offered through Capital Investment Advisory Services LC securities are offered
(07:11):
through Capital Investment Group, a member of Finra si PC
How are you, mister Wheetrow.
Speaker 2 (00:04):
I think you'd already know. It's like a party every Wednesday.
Speaker 3 (00:09):
No matter what's happening in the market, Wheetrow, Wednesday brings
out the best.
Speaker 1 (00:14):
In Tim Wheatrow.
Speaker 3 (00:16):
And yesterday in the market, we did have some sinking
AI stocks and went down a little bit.
Speaker 1 (00:22):
Oil prices went up a little bit.
Speaker 3 (00:24):
We got news that the UAE is going to be
dropping out of OPEC. That's going to change the way
things get sold and bought when it comes to crude oil.
So let's run down what happened yesterday. Give us some
facts and figures.
Speaker 2 (00:39):
All right, we got a lot of big news coming
out later today after the We have some big earnings
coming out. We have the FED decision coming out today,
but we don't expect any big changes.
Speaker 4 (00:49):
But this is.
Speaker 2 (00:49):
Probably drum Powell's last meeting or where he's in charge
giving his speech, So we'll see what happens later on today.
But yesterday the Dow was down twenty five point eighty six,
which is only point zero five percent. Okay, and I'm
gonna go I'm gonna give the five day because it
seems like we've been getting all this negative news and
(01:10):
bad stuff. I want to let you know where we're at.
During these five days. The DAW was only down point
zero two and it's still up for the year, so
we're we're doing well. That's a p five hundred down
thirty five, which is a little under a half percent
point four to nine negative. It's five days up one
point zero six, and the Nasdaq is down two hundred
(01:31):
twenty two. We talked about tech getting hit. They're all
getting old. We've got a lot of big tech earnings
coming out. So and it that two hundred and twenty
three points negative is almost a percent at negative point
nine zero.
Speaker 4 (01:43):
It's five days.
Speaker 2 (01:44):
Up one point sixty six. It's year to date is
up about six. So, yes, we've come a long way
since February twenty seven to twenty eight, when the Iran
issue is better, we start bombing Iran.
Speaker 4 (01:56):
So, uh, we've come.
Speaker 2 (01:59):
A long way. And yes, gasoline prices are climbing and
we are sitting Ohio. It is just like the national average.
We're at four two cents. Diesel is holding tight at
five and forty six cents. But that barrel of oil,
because of what we talked about here, is up three
percent on Brint and oil today and Radar Oil oil
is at one O three point seventy and Brint's at
(02:21):
one O seven point sixty four. And I'm not sure
when that's gonna start coming down since we're still.
Speaker 4 (02:27):
Blocking the poor mouse, but it's putting a lot of
pressure on that commodity.
Speaker 1 (02:33):
Well, no, we'll have to keep an eye on that one.
Speaker 3 (02:36):
It's it's not like that prices on gasoline are going
to drop in the next day or two.
Speaker 1 (02:41):
We're gonna be We're going to be at this position
for some time.
Speaker 3 (02:45):
It is the new normal, at least for the time being,
so just.
Speaker 1 (02:49):
Get used to it.
Speaker 3 (02:51):
With the UAE dropping out of OPEC, yeah, that's gonna
it'll take a while for everything to settle there.
Speaker 1 (02:58):
So we'll just have to watch stuff for a while,
that's all.
Speaker 3 (03:02):
But I mean, it wasn't bad the AI stuff with
a little bit of drop, and then today we're supposed
to get like Alphabet and Amazon.
Speaker 2 (03:11):
And Yes and those are all after the bell. So
it's basically going in tomorrow or futures tonight and going
in tomorrow. We're going to see how these reports.
Speaker 4 (03:27):
Everyone's looking to see what AI is doing.
Speaker 2 (03:29):
You know what, what progress.
Speaker 4 (03:31):
Everyone's worried was it's a bubble, you know.
Speaker 2 (03:33):
Growing, you know, But I'll tell you.
Speaker 4 (03:35):
We've come a long way since two.
Speaker 2 (03:37):
Thousand and two when we did have a tech bubble
that popped. We had companies out there had great ideas
they just couldn't come to fruition. I'm not saying that's
happening now. And yes there might be companies that come
out with ideas that can't come to fruition either, but
we've come a long way. I mean, we have little
sweepers that drive around of our house and sweep our floors.
We can turn it on. We have people delivering groceries.
(04:00):
The concepts that were a long time ago.
Speaker 4 (04:02):
But twenty five, twenty six years.
Speaker 2 (04:03):
Later, you'll here we are.
Speaker 3 (04:06):
Yeah, And what I thought was in Move Forward, Well,
that was interesting in the report that I saw about
the the AI bubble is that the investors at least
are worried that it might not because of the folks
who are protesting the data centers and not using and
(04:27):
not using AI, which is what I've been saying, you know,
stop using it. If you don't want the data centers
to be built, right, then stop using all of this stuff. Well,
if that actually takes hold, then yeah, investors are going
to go, well wait a minute, not as many people
as we thought or buying into this AI stuff. Maybe
we don't need all of these data centers, Maybe we
(04:48):
don't need to invest in all of this AI.
Speaker 1 (04:51):
So there's a lot of moving pieces for all of
this stuff.
Speaker 2 (04:54):
Boy, I'm not sure that's going to come to fruition.
We gobble up this technology, Fred, Yeah, I mean we do.
Speaker 4 (05:00):
I mean, if you leave home.
Speaker 2 (05:01):
Without your phone, it's like would almost like all start shaking.
Speaker 1 (05:04):
I mean, it's true. In the world, it is true.
Speaker 4 (05:09):
Yeah, yeah, when I walk out a little handheld.
Speaker 1 (05:12):
When I walk out. Now, my wife always says, do
you have your phone?
Speaker 3 (05:16):
You know, just in case something happens, because before, back
in the day, if something happened, there was a phone
booth around and you could call and say I've been
in an accident. You didn't have a cell phone. You
go to a phone booth, Yeah I had an accident.
You know, the police would call or something like that.
It's just it's just crazy. How was this shaken out
(05:38):
for the European markets and for the bond market today
before we go into Wednesday?
Speaker 2 (05:44):
Yeah, the bond market is creeping up a little bit.
The ten years at four point three six. The two
year went up just a little bit. It's still sitting
at three three point eight five percent. If we look
at the overseas market, I'll get that in front of me.
Here we have the Shanghai up twenty eight eight, Hong
Kong ends ups four in thirty two. On the European market,
we have the Footsea down sixty one, the German Dacks
(06:08):
down only six point seventy two, and Francis cack Off
thirty eight.
Speaker 1 (06:12):
Okay points, all right, so find out. So we'll find
out what the Fed says today.
Speaker 3 (06:17):
It's probably Chairman Powell's last meeting because now they've well
as had because they've dropped the lawsuit against him.
Speaker 1 (06:27):
That paves the way for the new guy to come in.
Speaker 3 (06:29):
He'll have to be approved, of course, but that's probably
not going to be a problem everybody. The Committee is
expected to approve it and then send it to the Senate,
and as soon as the Senate votes on it, we'll
we'll have a new head of the Fed, Kevin Walsh.
So we'll keep an eye on that and we'll talk
with Tim again. Tomorrow if you need to reach out
(06:49):
to him before then four one nine eight two four
thirty three hundred Tim w at we trow advisors dot com,
on LinkedIn, on Facebook, and just remember. Advisory services are
offered through Capital Investment Advisory Services LC securities are offered
(07:11):
through Capital Investment Group, a member of Finra si PC
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