May 1, 2026 • 7 mins
Wall Street had its best day since 2020 even as crude oil prices continued to climb. Tim has details
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
How are you, mister weetrow.
Speaker 2 (00:06):
Fred.
Speaker 3 (00:07):
It's Friday. Happy Friday is coming right into the season.
I love the weather.
Speaker 2 (00:13):
We cooperate, so I'm doing.
Speaker 3 (00:16):
Great, all right, all right, Well, me and Tobono.
Speaker 1 (00:19):
Me and Tobona are in the studio and we're wondering
if we have any any hope of having any money
left when we finally retire.
Speaker 2 (00:29):
Bred. We had what we had the best month in
April in about six years. I saw that since.
Speaker 1 (00:38):
Yeah, And I was reading a story in the New
York Times yesterday about the fact that the stock market
is doing really well even though the price of crude
is still going up. But it is because investors, and
we've talked about this before, our future looking so they
apparently have some hope that this isn't going to last long,
(01:02):
and that even if it does last long, that big
tech and the earnings reports will carry them through the day.
They're not as concerned about the crude oil price as
the rest of us are, apparently, So let's go through
some of what happened yesterday and see if that proves out.
Speaker 2 (01:19):
Yeah, they're looking at some of the earnings that have
been coming out, and they've been coming out very very
very good. So, yes, we had a lot of indicators
come out yesterday. We had initial jobless claims, which you
probably didn't hear very much about. But they were expecting
two hundred and twelve thousand. It came in one hundred
and eighty nine thousand. That's good. Our GDP come out
every one article. Well, you know it's not as what
we expected will come on here. They were expecting two
(01:42):
point two. It came in at two. I think we're
okay there. We know it's going to get revised two
to three times here.
Speaker 3 (01:47):
Yeah, personal income though.
Speaker 2 (01:49):
Expecting point three, it came in at point six, so
that's good. But personal spending they were expecting point nine.
It was point six. It came in at point nine.
So a little hired. Last month. Uh, the PCE, that
measurement of inflation for the month they were came in
as expected more than last month ato point seven. If
we looked year to year on the PCE, Uh, it
(02:12):
was at two eight. They were expecting three point five.
It came in at three point five.
Speaker 3 (02:15):
So yes, it is a little higher.
Speaker 2 (02:17):
Yes, the barrel of oil is up. Yes, gasoline prices
are up, and that's going to cause product to go up,
and that's.
Speaker 3 (02:24):
Our main concern as long as it doesn't get out
of hand, which you know it could if things keep
rolling this way.
Speaker 2 (02:30):
But you know, this is stuff that you and I
will look at every morning when we talk.
Speaker 3 (02:34):
So that was some of the information that came out yesterday.
Speaker 2 (02:37):
But boy snock market's up. Dad was up seven hundred
and ninety points, which is one point six.
Speaker 3 (02:43):
Two since we're starting May.
Speaker 2 (02:45):
Year to date, we're at three point three.
Speaker 3 (02:47):
One percent on the doll the S and P five.
Speaker 2 (02:49):
Hundred up seventy three points, which is one point.
Speaker 3 (02:52):
Zero two over percent, and it's up year.
Speaker 2 (02:56):
Today to five point three one and the NAZAC up
tow hundred nineteen points, which zero point eight nine percent.
It's that year today seven point one. So what a
difference a month makes just if we're looking at the
stock market.
Speaker 3 (03:11):
So it's been very interesting some of the companies Caterpillar
short nine point nine percent.
Speaker 2 (03:15):
Eli Lilly jumped nine point eight, O'Reilly automotively eight point four.
But you know we're talking about all these big companies
going up. Alphabet though you know they rallied.
Speaker 3 (03:26):
Ten percent, but we had let me find.
Speaker 2 (03:29):
It on here. Meta took a step tumble point seven
and just.
Speaker 3 (03:33):
Like Microsoft, these guys.
Speaker 2 (03:34):
Are doing okay.
Speaker 1 (03:35):
But yeah because they because they made Meta made a
profit last Yeah. So it's one of those deals where
they where the numbers show up good, but they sew money.
Speaker 2 (03:48):
Yeah, they said they're spending a lot of money, are
going to spend.
Speaker 3 (03:53):
On our favorite data centers.
Speaker 2 (03:56):
So because of them, you.
Speaker 3 (03:58):
Know, looking to the future, they're going to build, they
have to have these things that pushed that price down
in Microsoft Bell three point nine percent.
Speaker 2 (04:04):
It's it's been very interesting. But I will say, just
like the weather, we have bad days, this too shall pass.
Speaker 1 (04:10):
Yeah, absolutely will.
Speaker 2 (04:12):
What do we look at?
Speaker 1 (04:13):
What are we looking at today? What earnings? And are
there any government reports that we can expect today?
Speaker 2 (04:20):
Some manufacturing numbers come out on the government report and earnings.
We still have a lot of big companies. We have
ex On Mobile, which came out this morning doing very well, Chebron.
Let me see what else here. We have Kolgate, pal
malv So we do have some big names still coming out.
Speaker 1 (04:36):
I would think the gas companies ought to be doing
all right.
Speaker 2 (04:40):
Right, Oh yeah, well Mobile beat on both sides. I
think they're going to be doing okay, and this is
getting me perplexed here too. We have Ohio average at
four hours and eighty three cent. You're right, I'm driving
around seeing it at four.
Speaker 3 (04:51):
Hours and ninety nine cents.
Speaker 2 (04:53):
The national average is only four point thirty nine.
Speaker 3 (04:56):
Usually we're a little less than the national average.
Speaker 2 (04:59):
But boy, we're pushing it up. Diesel sitting right now at.
Speaker 3 (05:01):
Five point five to seven. Yeah, fifteh.
Speaker 1 (05:05):
I saw it for I was at four ninety nine
yesterday at the shell at Monroe and Whiteford, that's where
I stop every afternoon with my granddaughter, And that was
at four ninety nine. I pass at Sylvania and telmage
a speedway and a marathon, and they were both. The
(05:25):
marathon was offering it at four eighty nine if you
paid cash for ninety nine if you were using your
charge card, and the speedway had it at four ninety nine.
So and I got to fill on both the car
and the bike this weekend.
Speaker 3 (05:41):
So yeah, I gotta I gotta get it filled too.
I was driving by yesterday the Costco on Central Yes
and Seacorps lines on both sides to get in.
Speaker 2 (05:53):
I don't know what the price was. I heard it
was crazy up in the Road.
Speaker 1 (05:56):
Yeah, I heard it was crazy over there because if
you have a Go card, the price is really really low.
I don't know what it was, but I saw a
Facebook post that said it's going nuts at the Costco store.
There's traffic all the way down Central Albever. Hey, everybody's
trying to say the interesting thing. It hasn't made the
(06:19):
electric vehicle market get any better. People are still going
to go out and buy their trucks. Although I got
to tell you, I checked my gas consumption yesterday in
the day I'm on and it's aid fifty eight miles
per gallon, So I'm okay you want it to be
(06:41):
for four ninety nine a gallon, I'm good with that.
I'm still going a lot further than most of you are,
So all right, you keep an eye on stuff this weekend.
We will talk again Monday morning. If you need to
reach out to Tim before then four one nine eight
two four thirty three hundred, Tim w at weetrowatvisors, dot Com,
(07:03):
LinkedIn and Facebook. Advisory services are offered through Capital Investment
Advisory Services LLC. Securities are offered through Capital Investment Group,
a member of FINRA SIPC
How are you, mister weetrow.
Speaker 2 (00:06):
Fred.
Speaker 3 (00:07):
It's Friday. Happy Friday is coming right into the season.
I love the weather.
Speaker 2 (00:13):
We cooperate, so I'm doing.
Speaker 3 (00:16):
Great, all right, all right, Well, me and Tobono.
Speaker 1 (00:19):
Me and Tobona are in the studio and we're wondering
if we have any any hope of having any money
left when we finally retire.
Speaker 2 (00:29):
Bred. We had what we had the best month in
April in about six years. I saw that since.
Speaker 1 (00:38):
Yeah, And I was reading a story in the New
York Times yesterday about the fact that the stock market
is doing really well even though the price of crude
is still going up. But it is because investors, and
we've talked about this before, our future looking so they
apparently have some hope that this isn't going to last long,
(01:02):
and that even if it does last long, that big
tech and the earnings reports will carry them through the day.
They're not as concerned about the crude oil price as
the rest of us are, apparently, So let's go through
some of what happened yesterday and see if that proves out.
Speaker 2 (01:19):
Yeah, they're looking at some of the earnings that have
been coming out, and they've been coming out very very
very good. So, yes, we had a lot of indicators
come out yesterday. We had initial jobless claims, which you
probably didn't hear very much about. But they were expecting
two hundred and twelve thousand. It came in one hundred
and eighty nine thousand. That's good. Our GDP come out
every one article. Well, you know it's not as what
we expected will come on here. They were expecting two
(01:42):
point two. It came in at two. I think we're
okay there. We know it's going to get revised two
to three times here.
Speaker 3 (01:47):
Yeah, personal income though.
Speaker 2 (01:49):
Expecting point three, it came in at point six, so
that's good. But personal spending they were expecting point nine.
It was point six. It came in at point nine.
So a little hired. Last month. Uh, the PCE, that
measurement of inflation for the month they were came in
as expected more than last month ato point seven. If
we looked year to year on the PCE, Uh, it
(02:12):
was at two eight. They were expecting three point five.
It came in at three point five.
Speaker 3 (02:15):
So yes, it is a little higher.
Speaker 2 (02:17):
Yes, the barrel of oil is up. Yes, gasoline prices
are up, and that's going to cause product to go up,
and that's.
Speaker 3 (02:24):
Our main concern as long as it doesn't get out
of hand, which you know it could if things keep
rolling this way.
Speaker 2 (02:30):
But you know, this is stuff that you and I
will look at every morning when we talk.
Speaker 3 (02:34):
So that was some of the information that came out yesterday.
Speaker 2 (02:37):
But boy snock market's up. Dad was up seven hundred
and ninety points, which is one point six.
Speaker 3 (02:43):
Two since we're starting May.
Speaker 2 (02:45):
Year to date, we're at three point three.
Speaker 3 (02:47):
One percent on the doll the S and P five.
Speaker 2 (02:49):
Hundred up seventy three points, which is one point.
Speaker 3 (02:52):
Zero two over percent, and it's up year.
Speaker 2 (02:56):
Today to five point three one and the NAZAC up
tow hundred nineteen points, which zero point eight nine percent.
It's that year today seven point one. So what a
difference a month makes just if we're looking at the
stock market.
Speaker 3 (03:11):
So it's been very interesting some of the companies Caterpillar
short nine point nine percent.
Speaker 2 (03:15):
Eli Lilly jumped nine point eight, O'Reilly automotively eight point four.
But you know we're talking about all these big companies
going up. Alphabet though you know they rallied.
Speaker 3 (03:26):
Ten percent, but we had let me find.
Speaker 2 (03:29):
It on here. Meta took a step tumble point seven
and just.
Speaker 3 (03:33):
Like Microsoft, these guys.
Speaker 2 (03:34):
Are doing okay.
Speaker 1 (03:35):
But yeah because they because they made Meta made a
profit last Yeah. So it's one of those deals where
they where the numbers show up good, but they sew money.
Speaker 2 (03:48):
Yeah, they said they're spending a lot of money, are
going to spend.
Speaker 3 (03:53):
On our favorite data centers.
Speaker 2 (03:56):
So because of them, you.
Speaker 3 (03:58):
Know, looking to the future, they're going to build, they
have to have these things that pushed that price down
in Microsoft Bell three point nine percent.
Speaker 2 (04:04):
It's it's been very interesting. But I will say, just
like the weather, we have bad days, this too shall pass.
Speaker 1 (04:10):
Yeah, absolutely will.
Speaker 2 (04:12):
What do we look at?
Speaker 1 (04:13):
What are we looking at today? What earnings? And are
there any government reports that we can expect today?
Speaker 2 (04:20):
Some manufacturing numbers come out on the government report and earnings.
We still have a lot of big companies. We have
ex On Mobile, which came out this morning doing very well, Chebron.
Let me see what else here. We have Kolgate, pal
malv So we do have some big names still coming out.
Speaker 1 (04:36):
I would think the gas companies ought to be doing
all right.
Speaker 2 (04:40):
Right, Oh yeah, well Mobile beat on both sides. I
think they're going to be doing okay, and this is
getting me perplexed here too. We have Ohio average at
four hours and eighty three cent. You're right, I'm driving
around seeing it at four.
Speaker 3 (04:51):
Hours and ninety nine cents.
Speaker 2 (04:53):
The national average is only four point thirty nine.
Speaker 3 (04:56):
Usually we're a little less than the national average.
Speaker 2 (04:59):
But boy, we're pushing it up. Diesel sitting right now at.
Speaker 3 (05:01):
Five point five to seven. Yeah, fifteh.
Speaker 1 (05:05):
I saw it for I was at four ninety nine
yesterday at the shell at Monroe and Whiteford, that's where
I stop every afternoon with my granddaughter, And that was
at four ninety nine. I pass at Sylvania and telmage
a speedway and a marathon, and they were both. The
(05:25):
marathon was offering it at four eighty nine if you
paid cash for ninety nine if you were using your
charge card, and the speedway had it at four ninety nine.
So and I got to fill on both the car
and the bike this weekend.
Speaker 3 (05:41):
So yeah, I gotta I gotta get it filled too.
I was driving by yesterday the Costco on Central Yes
and Seacorps lines on both sides to get in.
Speaker 2 (05:53):
I don't know what the price was. I heard it
was crazy up in the Road.
Speaker 1 (05:56):
Yeah, I heard it was crazy over there because if
you have a Go card, the price is really really low.
I don't know what it was, but I saw a
Facebook post that said it's going nuts at the Costco store.
There's traffic all the way down Central Albever. Hey, everybody's
trying to say the interesting thing. It hasn't made the
(06:19):
electric vehicle market get any better. People are still going
to go out and buy their trucks. Although I got
to tell you, I checked my gas consumption yesterday in
the day I'm on and it's aid fifty eight miles
per gallon, So I'm okay you want it to be
(06:41):
for four ninety nine a gallon, I'm good with that.
I'm still going a lot further than most of you are,
So all right, you keep an eye on stuff this weekend.
We will talk again Monday morning. If you need to
reach out to Tim before then four one nine eight
two four thirty three hundred, Tim w at weetrowatvisors, dot Com,
(07:03):
LinkedIn and Facebook. Advisory services are offered through Capital Investment
Advisory Services LLC. Securities are offered through Capital Investment Group,
a member of FINRA SIPC
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