* Tom Griffore, Senior Wealth Advisor at Great Lakes Wealth

Episode Transcript

Speaker 1 (00:01):
Michigan's Big Show starring Michael Patrick Shields. Steve Frisbee is
a state representative Republican from Penfield in Calhoun County, who's
accountable for the condition of Michigan right now and where
do we go from here.

Speaker 2 (00:14):
I think it's probably a waste to start pointing fingers,
and I think it's better a energy to start fixing
things in a direction that business leaders know best what
they need to be successful in this state. I think
we all need to start rowing in the same direction.

Speaker 1 (00:28):
Thomas Grafor, senior wealth advisor at Great Lakes Wealth dot Us,
brings his Wall Street expertise to Michigan with main street values.
He's got the stock market numbers and a little insight
into what they're talking about today at Great Lakeswealth dot
us and how it can affect you. Good morning, Good.

Speaker 3 (00:48):
Morning, Michael Patrick. Happy Wednesday. Well. The stock market finished
the day mixed yesterday, with the NASDAC under pressure as
Wall Street decided to pull back on tech. The Dow
finished up ten points two forty four thy nine to
twenty two. The S and P five hundred finished down
thirty seven points two six thy four eleven. The Nasdaq

(01:09):
finished down three hundred and fourteen points two twenty one thousand,
three fourteen, and this morning, futures will start the day lower.
The dolls approximately down one point, the SMP five hundreds
are proximy down six points, the nasacs are approximate down
fifty points. WTI Kudos Holy has sixty three dollars a barrel.
Comacs Gold is currently at three thousand and three seventy three.

(01:31):
Bitcoin is currently at one hundred and thirteen thousand, two
hundred and the US one year Treasury has a current
yield a three point nine to one percent. This morning,
and here's what we're talking about in the office today,
Investors will be keeping an eye on the Fed today.
At two o'clock this afternoon, the Fed will release the
minutes from its most recent policy meeting. Investors will be

(01:52):
combing through those details looking for any clues about how
close policy makers may be to actually cutting interest rates.
With inflation cooling but growth still steady, the timing of
the Fed's next move is a big question on Wall
Street right now. Also in pre market trading, we are
keeping an eye on shares of target target beat Wall
Street earnings and sales expectations, but The stock is actually

(02:16):
down about eight percent in pre market trading after the
company announced a leadership change that overshadowed its earnings beat.
We are Great Lakes Wealth. Hey. You can find us
at Great Lakeswealth dot us or give our team a
call at two four eight three seven eight twelve hundred.

Speaker 1 (02:32):
Great to hear your voice again and we'll follow your expertise.
It's Thomas Grafford, Great Lakeswealth dot us. It's Michael Patrick
Shields MPs through the AT and T microphone.