Whetro Morning Market Update May 11th

A good Friday on Wall Street despite still high crude prices

Episode Transcript

Speaker 1 (00:00):
How are you, mister Wheetrow Brad, I'm fantastic. It's Monday. Yeah,
get back after it.

Speaker 2 (00:06):
Let's get back after it. And in a weird way,
I'm a little I'm a little scared, but I'm a
little optimistic too. I'm scared because I looked at the
news report before it came on the air, and the
President says he's not happy with what Iron says should
be the ceasefire of the and the resolution to the
war in Iran. So gas prices ticked up again, which

(00:31):
will filter out later on, of course. So let's take
a look at Friday, because Friday actually was a good day,
solid job with the work, higher oil prices, but the
job report overshadowed all of that. So let's hear the
run down.

Speaker 1 (00:46):
Yeah, we're getting the we're getting the data that we
always hear about the war. But let's look at the
US employment report. They're expecting fifty five thousand. It came
into one hundred and fifteen thousand. Nice, great unemployment state
of point three, which is a good number. Hourly wages
if we look year over year, still up from last month,

(01:06):
not what they expected, but it came in at three
point six which is good consumer sentiment, though dropped just
to hit. I'd like that number over fifty. It's currently
sitting at forty eight point two, but still some good numbers.
But then we have that looming gas price that's lingering
over us. But a little good news is if we
compare it with Friday, gas is down two cents national

(01:29):
average at four hours fifty two cents. Ohio is down
six cents fours and sixty nine hours is from Friday,
and diesels down three cents, five dollars and sixty three cents.
The barrel royal is ticking up this morning a little bit,
but still blow one hundred. It's that ninety eighty two cents.
Brent is over one hundred, one hundred and three dollars
and eighty one cents. So that's kind of you run

(01:49):
down the oil and you're right. The proposals that they
Iran presented it wasn't satisfactory. Sometimes it just feels like
they're messing with us. But again, I don't know where
all's going there, who are they're dealing with. They just
want to fight forever. I who knows what's going on,
But you know, we keep our eyes and ears out
for that. I would like some good news with that
that would help the overall. But I think our economy

(02:10):
is doing well. If that was looming.

Speaker 2 (02:12):
Over Yeah, Now does it matter because I saw some
other stories on the job report that had to do
with which jobs were being created. A lot of them
seem to be in the healthcare industry and in the
service industry and not so much an industrial. Does that
matter to investors when they take a look, when they
do the deep dive into which jobs are being created?

Speaker 1 (02:35):
I think that's going to matter once they see what's
kind of happening. We have the AI. I know we
keep talking about these centers that are going to be built,
the data centers. Yeah, that's going to get some construction
building once they started wherever they're going to put them.
So I think it's to keep an eye on what
all it is coming in. It's all important, but you know,
certain jobs can help the economy more. But hey, if

(02:56):
we're growing, we're growing all right.

Speaker 2 (02:59):
Well, and that's one way look at it. A lot
of people are real happy about that. Who are the
winners and losers done?

Speaker 1 (03:04):
On Friday?

Speaker 2 (03:05):
There must have been some that did pretty well.

Speaker 1 (03:08):
Oh my land monster beverage jump thirteen point one. Keep
drinking that bill, I mean, Fred, I'm gonna blow this name,
but I know who said get a lot of with
the wrong name, and I know it's just Bath mainly,
but it was hilarious Bread. I'm gonna blow this Akamaria
Technology something that wrong. But it's up twenty six point six.
That's what matters. Cor We've reported some good, a little

(03:32):
bit of big good numbers and good and bad, but
they dropped eleven point four percent. And some other companies
here we had Metaler Toledo International down fourteen seventy seven,
Expedia Group down nine point oh two. Again more upside,
Qualcom up eight point one seven, Jen Digital up twelve

(03:56):
point three to three, Intel up thirteen point ninety six.
If we look at companies that are going to report,
we got Constellation Energy, we have Box Corp. We have
Sally Beauty. You have Hymns, which is him and hers health.
On the economic calendar today, we have I'm still hooked

(04:18):
on last week. Here we have today at ten o'clock
existing home sales. But you mentioned it. We're almost halfway
through the month. Yeah, we get the new FED chairman
if he gets voted through the Senate possibly May fifteenth.

Speaker 2 (04:33):
Okay, now he has already said though too, I'm not
looking to come in and just change things just because
the administration expects me to. Our investor is going to
take him at his words. You think, I.

Speaker 1 (04:46):
Think you have to. It's supposed to be an independent,
independent group. POW's going to stay on. He's designed to
be the chairman. So we're going to see kind of
how this thing works out.

Speaker 2 (04:55):
All right, excellent, And how's this reacting overseas to Europe?
In Asia?

Speaker 1 (05:01):
Look this morning, currently we have the Hangsang up thirteen points.
We have the knee k down two hundred and ninety five,
which is a little less than a half percent. In
the European side, we have France KAC down seventy five points,
the German decks down thirty seven, and the Futzy up
seventeen points.

Speaker 2 (05:19):
All right, I appreciate all the input. We will talk
again tomorrow morning. Now if you need to reach out
to Tim before that four one nine eight two four
thirty three hundred. Tim w at retroadvisors, dot Com, LinkedIn
and Facebook also work just fine. Advisory services offered through
Capital Investment Advisory Services LLC securities offered through Capital Investment Group,

(05:46):
a member of FINRA, SIPC