May 5, 2026 • 6 mins
Tim takes a look at what happened on Wall Street Monday as President Trump promises to open the Strait Of Hormuz while Iran continues to blow up tankers and attack the UAE
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
How are you, mister wheatrow Bred.
Speaker 2 (00:03):
There's so much going on today. I'm fantastic. The futures
are pointing up. But it's Sinko de Mayo as well
as oh that's Tuesday and it's roading day. I mean,
what more could be going on?
Speaker 3 (00:16):
Well, and you forgot the most important. It is also
Revenge of the Fifth for those Star Wars fans.
Speaker 2 (00:23):
Yes, yeah, okay, this is a great week.
Speaker 3 (00:27):
So you said the futures are up, I'm looking at
this headline. Of course, the headline was written yesterday after
the market closed. Wall Street took a tumble yesterday, a
little bit of a tumble.
Speaker 1 (00:37):
Yes, oil prices jumped up.
Speaker 3 (00:40):
As we talked about yesterday, the President initiated Project Freedom,
which was supposed to escort some of the tankers out
of the straightfoor moves and give some humanitarian aid to the.
Speaker 1 (00:54):
Folks the crews that are on those ships.
Speaker 3 (00:56):
That didn't happen yesterday because Iran started bomb things. And
in fact, the last thing I heard yesterday evening was
they bombed in the UAE once again, one of the
bigger oil refineries. So where are we standing. You said
futures are up? What does everything look like as we start.
Speaker 2 (01:14):
The day, well, I think they're good. They're thinking that
he we're going to get the straight open and we're
going to escort some of these ships through there. They
think it's going to work. I think, in my hand,
one hand doesn't know what the other one's doing. So
you know, it goes from project Freedom freedom to well,
we could blow you off the face of the earth.
So that's why I said, I don't think one hand
knows what the other one's doing. There. It's hard to
(01:37):
negotiate when they're you don't know who's in charge, I believe.
But that's why I think our futures are pointing up.
But when that all came down yesterday, which we were mentioning,
the Dow finished down five hundred and fifty seven points,
which is one point one to three percent. The sp
five hundred was off twenty nine points, which is point
four to one, and then NAZAC was off forty six
(01:57):
point nine to one of a percent. So yes, we
had a pullback yesterday. But as of the future, as
I'm looking at right now, they're pushing up. But again,
anything can change. We had a lot of news coming
out yesterday. We had earnings of Tyson Foods. And I
think this will get back to one of the things
you'd mentioned yesterday we talked about inflation doesn't affect companies. Well,
(02:18):
Tyson Foods stock went up eight percent because they come
out they sold less beef, but it did so at
prices that were eleven point five percent higher. And I
read that they go, oh okay, so in place helping them.
But if you look at it all, but they sold
more chicken and pork at higher prices a little bit higher,
so they sold more chickens that we were going to
(02:40):
the less expensive I believe chicken and possibly pork. But
that stock rose by eight percent. We have Norwegian cruise
lines liver better profits than analysts expected. Now, UPS and
FedEx dropped heavy yesterday. They were down you get it here,
FedEx down or UPS was down ten point five that
(03:02):
xpell nine point one. This is interesting. We see the
blue trucks driving all over the place. Amazon announced a
move that could cut into their businesses. The online giant
says was going to begin letting like Procter and Gamble
three and big companies like that to use their logistics.
Oh so that can definitely go into get into ups
(03:24):
and at pat X area. I thought that was interesting
because we said, well, blue trucks driving everywhere.
Speaker 3 (03:29):
Yeah, they're all over the oh Man, that would really
hurt usps and ups.
Speaker 2 (03:35):
I mean, yeah, you would. That'll be interesting to follow.
But gasoline, I didn't see anything. I wasn't noticing the
gas station. I stayed in my office most of the day.
But the Ohio average is four hours and eighty three cents,
down three cents from yesterday. Guess National Estate steady at
four hours and forty eight cents. Diesel went up just
(03:55):
the hair sitting at five point sixty five, five sixty
five cents a gallon, but that's what we're going to
keep it on. Brent went up to one hundred and
fourteen yesterday. This morning's right around the same one hundred
and fourteen thirty six cents. The barrel of oil is
at one hundred and five dollars and twenty three cents,
down a bout of percentage yesterday. So it'll be interesting
(04:16):
what happens today. We have some earnings coming out. We
have AMD, Shopify and Heiser Busch came out this morning.
They beat on both sides Duke Energy Marathon, so a
lot of big companies still coming out and again we're
having good earnings. As we said on yesterday, yoh, market's rocking.
Speaker 1 (04:36):
But yeah, and I.
Speaker 3 (04:38):
Find it out, okay, and I pointed out on Facebook
the you know, the market's doing well, and people will
point in.
Speaker 1 (04:44):
That, yes, but Fred, look at how well the market's
doing well.
Speaker 3 (04:48):
The market's doing well because quite frankly, you're paying more.
Speaker 1 (04:52):
Tell you some let the cat out of the bag yesterday.
Speaker 3 (04:54):
You're paying more for me, You're paying more for chicken,
you're paying more for porking. Despite the fact that they
sold less than each of those things, you paid a
lot more for them.
Speaker 1 (05:06):
So yeah, the.
Speaker 3 (05:07):
Stock market's going to look good because it's looking at
the profits that the big companies are making.
Speaker 2 (05:14):
Again, we're looking yeah, we're looking forward though, and look
what happened in end of February going into March. Look
at a whole month of March because of like a
disruption in things with US bombing Iran and having the
conflict there. It pulls the market back and now they're saying, hey,
these companies are coming through, So now they're inching their
way back up. But anything can happen. It does go
(05:35):
up and down. There's no way to predict it. But
we have job a lot of jobs data coming out
this week. Today, we have job openings, we have new
home sales again, we have services.
Speaker 3 (05:48):
So we have a lot of data.
Speaker 2 (05:49):
Coming out on the economic calendar. But later in the
we have ADP report Wednesday and the big job report
coming out Friday, Employment report and unemploy report.
Speaker 1 (06:00):
Well, hopefully we'll have a good week.
Speaker 3 (06:02):
Things will settle down maybe a little bit over there
in the Mideast, and the gas prices will start to drop.
Speaker 1 (06:07):
We'll keep an eye on that. Tomorrow, of course, is
we TROW Wednesday.
Speaker 3 (06:10):
If you need to reach out to Tim before then
that's easy. Four one nine eight two four thirty three
hundred timw atwetroadvisors, dot Com, Facebook and LinkedIn. Also, advisory
services are offered through Capital Investment Advisory Services LC and
(06:33):
securities are offered through Capital Investment Group, a member of
FINRA SIPC
How are you, mister wheatrow Bred.
Speaker 2 (00:03):
There's so much going on today. I'm fantastic. The futures
are pointing up. But it's Sinko de Mayo as well
as oh that's Tuesday and it's roading day. I mean,
what more could be going on?
Speaker 3 (00:16):
Well, and you forgot the most important. It is also
Revenge of the Fifth for those Star Wars fans.
Speaker 2 (00:23):
Yes, yeah, okay, this is a great week.
Speaker 3 (00:27):
So you said the futures are up, I'm looking at
this headline. Of course, the headline was written yesterday after
the market closed. Wall Street took a tumble yesterday, a
little bit of a tumble.
Speaker 1 (00:37):
Yes, oil prices jumped up.
Speaker 3 (00:40):
As we talked about yesterday, the President initiated Project Freedom,
which was supposed to escort some of the tankers out
of the straightfoor moves and give some humanitarian aid to the.
Speaker 1 (00:54):
Folks the crews that are on those ships.
Speaker 3 (00:56):
That didn't happen yesterday because Iran started bomb things. And
in fact, the last thing I heard yesterday evening was
they bombed in the UAE once again, one of the
bigger oil refineries. So where are we standing. You said
futures are up? What does everything look like as we start.
Speaker 2 (01:14):
The day, well, I think they're good. They're thinking that
he we're going to get the straight open and we're
going to escort some of these ships through there. They
think it's going to work. I think, in my hand,
one hand doesn't know what the other one's doing. So
you know, it goes from project Freedom freedom to well,
we could blow you off the face of the earth.
So that's why I said, I don't think one hand
knows what the other one's doing. There. It's hard to
(01:37):
negotiate when they're you don't know who's in charge, I believe.
But that's why I think our futures are pointing up.
But when that all came down yesterday, which we were mentioning,
the Dow finished down five hundred and fifty seven points,
which is one point one to three percent. The sp
five hundred was off twenty nine points, which is point
four to one, and then NAZAC was off forty six
(01:57):
point nine to one of a percent. So yes, we
had a pullback yesterday. But as of the future, as
I'm looking at right now, they're pushing up. But again,
anything can change. We had a lot of news coming
out yesterday. We had earnings of Tyson Foods. And I
think this will get back to one of the things
you'd mentioned yesterday we talked about inflation doesn't affect companies. Well,
(02:18):
Tyson Foods stock went up eight percent because they come
out they sold less beef, but it did so at
prices that were eleven point five percent higher. And I
read that they go, oh okay, so in place helping them.
But if you look at it all, but they sold
more chicken and pork at higher prices a little bit higher,
so they sold more chickens that we were going to
(02:40):
the less expensive I believe chicken and possibly pork. But
that stock rose by eight percent. We have Norwegian cruise
lines liver better profits than analysts expected. Now, UPS and
FedEx dropped heavy yesterday. They were down you get it here,
FedEx down or UPS was down ten point five that
(03:02):
xpell nine point one. This is interesting. We see the
blue trucks driving all over the place. Amazon announced a
move that could cut into their businesses. The online giant
says was going to begin letting like Procter and Gamble
three and big companies like that to use their logistics.
Oh so that can definitely go into get into ups
(03:24):
and at pat X area. I thought that was interesting
because we said, well, blue trucks driving everywhere.
Speaker 3 (03:29):
Yeah, they're all over the oh Man, that would really
hurt usps and ups.
Speaker 2 (03:35):
I mean, yeah, you would. That'll be interesting to follow.
But gasoline, I didn't see anything. I wasn't noticing the
gas station. I stayed in my office most of the day.
But the Ohio average is four hours and eighty three cents,
down three cents from yesterday. Guess National Estate steady at
four hours and forty eight cents. Diesel went up just
(03:55):
the hair sitting at five point sixty five, five sixty
five cents a gallon, but that's what we're going to
keep it on. Brent went up to one hundred and
fourteen yesterday. This morning's right around the same one hundred
and fourteen thirty six cents. The barrel of oil is
at one hundred and five dollars and twenty three cents,
down a bout of percentage yesterday. So it'll be interesting
(04:16):
what happens today. We have some earnings coming out. We
have AMD, Shopify and Heiser Busch came out this morning.
They beat on both sides Duke Energy Marathon, so a
lot of big companies still coming out and again we're
having good earnings. As we said on yesterday, yoh, market's rocking.
Speaker 1 (04:36):
But yeah, and I.
Speaker 3 (04:38):
Find it out, okay, and I pointed out on Facebook
the you know, the market's doing well, and people will
point in.
Speaker 1 (04:44):
That, yes, but Fred, look at how well the market's
doing well.
Speaker 3 (04:48):
The market's doing well because quite frankly, you're paying more.
Speaker 1 (04:52):
Tell you some let the cat out of the bag yesterday.
Speaker 3 (04:54):
You're paying more for me, You're paying more for chicken,
you're paying more for porking. Despite the fact that they
sold less than each of those things, you paid a
lot more for them.
Speaker 1 (05:06):
So yeah, the.
Speaker 3 (05:07):
Stock market's going to look good because it's looking at
the profits that the big companies are making.
Speaker 2 (05:14):
Again, we're looking yeah, we're looking forward though, and look
what happened in end of February going into March. Look
at a whole month of March because of like a
disruption in things with US bombing Iran and having the
conflict there. It pulls the market back and now they're saying, hey,
these companies are coming through, So now they're inching their
way back up. But anything can happen. It does go
(05:35):
up and down. There's no way to predict it. But
we have job a lot of jobs data coming out
this week. Today, we have job openings, we have new
home sales again, we have services.
Speaker 3 (05:48):
So we have a lot of data.
Speaker 2 (05:49):
Coming out on the economic calendar. But later in the
we have ADP report Wednesday and the big job report
coming out Friday, Employment report and unemploy report.
Speaker 1 (06:00):
Well, hopefully we'll have a good week.
Speaker 3 (06:02):
Things will settle down maybe a little bit over there
in the Mideast, and the gas prices will start to drop.
Speaker 1 (06:07):
We'll keep an eye on that. Tomorrow, of course, is
we TROW Wednesday.
Speaker 3 (06:10):
If you need to reach out to Tim before then
that's easy. Four one nine eight two four thirty three
hundred timw atwetroadvisors, dot Com, Facebook and LinkedIn. Also, advisory
services are offered through Capital Investment Advisory Services LC and
(06:33):
securities are offered through Capital Investment Group, a member of
FINRA SIPC
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