PMI’s & EARNINGS SEASON
all
righty are we
live wait for
it there it is good morning ladies and
gentlemen I hope you’re having a
wonderful day if you’re watching this
and it does not say live at the bottom
of the screen unfortunately you’re
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link for the nightly watch list and Main
Channel first link for the scream alerts
boat campaign real estate course but
ladies and gentlemen it’s already a big
week we had a little bit of relief
yesterday you got a little bit of that
today the earnings came out they weren’t
that bad UPS was actually up and then
went lower other than that I think the
rest of them actually did decent you had
no more war tensions once again which
helped out
the pmis in Europe kind of chill things
out if anything Europe hit another high
but all in all this is still the same
setup from what we had the last couple
of days and now today the relief
continues the earnings have supported it
and now we’re going to see how that
plays out with more sets of big Tech and
then everything else so Chad I hope
you’re ready for it you’re making some
moves we’re going to have a lot of
debate the bull bear debate everything
from yesterday and even the relief I
mean it could all change we get a little
data 15 minutes after the Bell but our
work is cut out for us Chad so I hope
you’re locked in loaded I hope you’re
having a good Tuesday but yes good
morning baby what’s up baby how you
living Jeff what up Dina Regal [ __ ] wolf
baby fast music Adam Odon NRG big curly
baby Ali B you feel me Tim Whitman baby
good morning a wise gar J B baby oh now
the chat’s going good morning big Cur
Mike C mcar Carissa
hin cam Christina Samuel Ricardo profeso
baby good morning Uncle Terry Heen a
chaos Ari lunatic I’m more business
Habibi is what’s up Sam good morning L
what up iack how you doing Laura what’s
going on Project will me Nao Char lman
baby oh he ready to go he ready in he
fast baby what up Juan Don what up Tri
cush what up Eric Conor P Shawn Park
mark J wooky
G good morning baby what up probo Bros P
the tiger man oh my goodness shadat toia
come morning what up seventh gear
skrilla win and loser Peggy josy oh my
goodness so Chad I hope you’re luck in
loading I hope you’re ready what’s this
open AI meta and Google agreed to
incorporate new safety measures to
protect children from
exploitation uh and plug several holes
in their current defenses are when did
open AI get mentioned in those headlines
about children and children effects and
negative all you know what I’m saying on
anyways but chatt Adonia our work is cut
out for us again there’s everything from
plays all the way down to the data and
we’re going to get a little bit here
after the Bell but now let’s get into
the news let Josh AI take it over from
here and I’ll be back to close it out
with some plays and we’ll see what you
got as well good morning like that
videoes rise as earnings take Center
Stage us Equity Futures wavered as the
busiest week of the earning season
gathered momentum with hopes for a
sustained rally hinging on whether big
Tech can justify lofty valuations
inspired by the artificial intelligence
boom contracts on the S&P 500 and NASDAQ
100 erased modest gains to trade little
changed after wall Street’s rebound from
a two trillion sell of early results
Tuesday were mixed shares of United
partiel service in Lockheed Martin corpy
and General Motors Company Rose in
pre-market trading after earnings beats
Pepsi Co in slipped after reporting
falling volumes in North America with
msci Inc inesco limited and Philip
Morris International Inc also among the
losers but the main event will be the
Magnificent Seven cohort of tech Mega
caps with Tesla Inc set to be the first
to report after today’s market close
next up is meta platforms Inc on
Wednesday followed by Microsoft Corp in
alphabet Inc on Thursday earnings will
stay front and center of investors Minds
this week with about 180 companies
representing over 40% of the S&P 500
market value reporting results the focus
on corporate profits comes after a route
fueled by geopolitical fears and signals
the Federal Reserve will be in no rush
to lower rates whether markets see
further consolidation from here is
likely a hinge on the assessment of the
sustainability of AI demand ahead
following the earnings releases said
Eddie Chung a senior strategist at
credit agricol CIB the stocks Europe 600
index climbed
0.7% with the technology sector leading
the advance sapi jumped more than 4% as
a boom in demand for artificial
intelligence fueled the German software
company’s growth drug maker novaris AG
ated as much as 5% after lifting full
year guidance PMI data on Tuesday
reinforced the positive mood in Europe
private sector activity Advanced to the
highest level in almost a year driven by
a buoyant Services sector and Germany’s
return to growth barring any economic
surprises a rate cut in June is a fate
ACC comple European Central Bank vice
president Lu dindo said we remain
focused on the current earning season
which could refocus investor attention
on solid underlying fundamental City
Group Inc strategists Mahir tedar and
Bata man wrote in a note we would view
the recent pullback as a buying
opportunity treasury yields Rose before
a flurry of bond auctions that will test
investors appetite after yields hit the
highest in 2024 a gauge of the Greenback
was little changed gold extended losses
after its biggest daily decline in
almost 2 years with easing tension in
the Middle East and signs the FED will
keep rates higher for longer crimping
demand oil nudge dipped as Traders weigh
the next steps between Israel and Iran
amid signs of easing hostilities
following a tit fortat exchange of
attacks last week elevated multiples and
the challenge to S&P 500 returns is that
companies will have to produce earnings
and outlooks that support the already
elevated multiples profits for the
Magnificent 7 are forecast to rise 38%
in the first quarter from from a year
ago dwarfing the overall S&P 500’s 2.4%
anticipated year-over-year earnings
growth according to Bloomberg
intelligence but excluding Nvidia the
leading chipmaker for AI technology
expected net income growth for the group
Falls to 23% Nvidia which Goldman Sachs
group Inky trading desk dubb the most
important stock on planet Earth doesn’t
report its earnings for another month
investor positioning on Mega cap growth
in tech stocks continues to be cut down
from the 97th percentile in early March
to the 77th percentile now according to
Deutsche Bank age strategist the group
is still the only sector where
positioning is above historical average
even if no longer extreme the strategist
wrote stocks rise US futures edged
higher European stocks Rose and the UK’s
FY 100 index fin
hit a record high as a rebound that took
hold on Monday gathered momentum
treasuries were steady before a flurry
of bond auctions that will test investor
appetite starting with a 2-year sale
today while a gauge of the dollar was
little changed City optimism City Group
strategists say the recent route in
global equities makes them more
attractive removing Market froth and
leaving investors to focus on robust
corporate earnings we would view the
recent pullback as a buying opportunity
the team including Mahir trod car and
Bata Monte wrote in a note the current
earnings season could refocus investor
attention on solid underlying
fundamentals earnings bonaza earnings
are very much front and center of
investors Minds this week with about 180
companies representing over 40% of the
S&P 500 market value reporting results
that kicks off in Earnest on Tuesday
Tuesday Pepsi and UPS have already
reported better than expected numbers
while spotifi were more mixed firms
including Tesla visa and GM are set to
announce their own figures later today
in Europe software firm sap and Drug
maker Novartis are both Rising after
posting their own strong results apples
China wo there’s also a host of other
Tech earnings due this week with meta
alphabet and Microsoft all releasing
numbers we have to wait until May for an
update from Apple which is in the midst
of a bad year that has seen its stock
fall by almost 14% sentiment may have
taken another hit on Tuesday after data
showed iPhone sales in China fell 19%
during the first quarter the worst
performance since Co struck the weakness
is remarkable because the first quarter
when China celebrates the Lunar New Year
is traditionally a period of heightened
consumption us play Mercer the
investment consultant that counts giant
Sovereign wealth funds insurers and
pension managers as clients says smaller
investors seeking exposure to Emerging
Markets are best off doing so by buying
shares in US companies if you’re trying
to get exposure to the underlying GDP
growth the favorable demographics and
all the long-term favorable things in
Emerging Markets you get a lot of that
by investing in global multinationals
said Rich newsum executive director and
chief investment strategist at the firm
top overnight news news the US is
drafting sanctions that threaten to cut
some Chinese Banks off from the Global
Financial system arming Washington’s top
Envoy with diplomatic leverage that
officials hope will stop beijing’s
commercial support of Russia’s military
production according to people familiar
with the matter West J Chinese
universities and research institutes
recently obtained high-end Invidia
artificial intelligence chips through
resellers despite the US widening a ban
last year on the sale of such technology
to China rtrs China QE drum beat grows
louder as the country’s Finance Minister
expresses support for the pboc to resume
trading goet bonds although many doubt
this would lead to Fed ECB style QE wsj
aapl’s iPhone sales in China fell 19%
during the march quarter according to
data from an independent research firm
that marked the gadget’s worst
performance there since covid struck
around 2020 BG Japanese Finance Minister
shunichi Suzuki said last week’s meeting
with his us and South Korean
counterparts has laid the groundwork for
Tokyo to act against excessive Yen moves
issuing the strongest warning to date on
the chance of intervention rtrs ecb’s
Lewis D gindos says a June cut is all
but guaranteed but what happens beyond
that could depend on the actions of the
FED way J Europe’s flash pmis for April
point to firmer growth and inflation
with with the slump in manufacturing
showing signs of easing while Services
Rose to
52.9 up from 51.5 in Mar and above the
streets 51.8 forecast and overall price
pressures intensified slightly s p Tesla
headlines today’s earnings after seven
straight days of declines margins its
Robo taxing and the fate of its lower
cost EV will be the focus the company is
also being sued in California by a
former employee who claims it failed to
provide required notice for layoffs BBG
msft launches smaller AI models that
provide good enough capabilities for
many but at a fraction of the cost the
models don’t need high-end Nvidia chips
to function nyt
nyt I wanted I wanted to end on a BBG
BBG oh my goodness I know dude it’s
weird I’m I’m I literally I’m like
taking a dump and I’m like listening to
myself it’s a trip I was like damn am I
talking right now but don’t worry
there’s still more news I got a little
bit for you S&P futures are up by3
Tuesday Morning trading comes after us
equities finished higher on Monday with
the S&P snapping a Six-Day losing streak
on fairly broad-based strength over 80%
of the S&P gain growth momentum and
lower quality tended to outperform
treasuries weaker across the curve
dollar down by1 gold is down by one
adding to yesterday’s 2.8 pullback oh
and I closed my gold short I made 25 00
uh Bitcoin Futures off by 0.9 WTI down
by 1.1 uh recent Bounce has been chocked
up to oversold conditions thought that
the draw down was more technical than
fundamental lack of escalation in Middle
East tensions and rate stabilization
also talk about lower bar for big Tech
earnings which kicks off this week in
addition today’s higher profile earnings
have been generally well-received firmer
us growth backdrop still the key bullish
talking point for stocks along with
stable expectations for low double-
digit earnings growth in 24 and the AI
secular growth Tailwinds bears are
focused on sticky
Services uh sticky service inflation
related hawkish repricing of fed pivot
still stretch positioning and valuations
lagged effective fed tightening overly
optimistic second half profit
acceleration expectations and
geopolitical uncertainty flash PMI is
the highlight of the US economic
calendar this morning along with new
home sales in Richmond Fen uh price
components expected to be a key area of
scrutiny after the composite on PMI hit
a 10-month high in March reading Global
PMI is largely surprised to the upside
with services and area of strength on
the geopolitical front us reportedly
drafting sanctions that could cut some
Chinese Banks from Global Financial
systems due to support for Russia
Financial press discussed pressures of
big Tech to deliver outsized growth
headwinds facing lower income us
borrowers ubs’s China stock upgrade uh
earnings volume ramped up sap boosted by
acceleration and current cloud growth
nvs beaten raised Pepsi q1 a bit better
and reaffirmed full year guide though
North America lagged danir beat and
improved order Trends and bioprocessing
GB and raised full year EPs and free
cash flow guidance ups epsb and volumes
improved through the quarter fi Merchant
Solutions outperform Clover volume
growth Schwab or or Sherin Williams saw
volume decline in US consumer Brands
cdns guided below for Q2 though
takeaways flag timing issues surrounding
product release cycle Spotify upgraded
uh operating profit and guidance ahead
gmbb and raised ful year guidance new
core missed with corporate eliminations
a drag while Q2 guide was also
disappointing msci uh results pressured
by expenses with subscription run rate
metric soft PKG EPS guide Miss though
demand commentary was
upbeat not bad so again earnings
earnings baby we got a little bit more
uh markets now pricing in growth risk of
Fed rate hike amid stronger us data and
hawkish fedspeak Bank in Japan Governor
UA signals inflation Outlook implies
more rate hikes Bank of Japan expected
to leave policy rate unchanged Friday as
Economist I October rate hike EC B dendo
says June rate cut seems like a done
deal in absence of shocks City
strategist say buy the dip AS Global
equities are more attractive after the
recent route big Tech under increasing
pressure to deliver on AI contribution
to revenue and profits Bank of America
says UBS upgrades China stocks to
overweight citing earnings resilience
and capital return us lower income
borrowers increasingly struggling to
keep up with low payments us student
loan interest rates set to reach 66 uh
highest since 2008 China q1 fiscal
Revenue weighed down by tax cuts and
base effects Eur EUR Zone expansion
gains momentum on service sector
activity pmis show fastest UK output
since May 23 but inflation picks up
Japan flash PMI show manufacturers
stabilizing as Services strengthen
Apple’s q1 sales in China fall 19.1
while rival Huawei recorded is 70% gain
Microsoft announces costeffective small
language AI model Tesla expected a
report lowest gross profit margin in
more than 6 years amid growth in product
strategy doubts sap stock rallies the
most since January as AI adoption drives
cloud demand FTC sues to block
tapestry’s 85 billion acquisition of
Capri Holdings Tik Tock getting ready
for legal battle against us after house
passes dester ban bill Iran crude
sanctions Bill set to become law but
Biden not expected to enforce it amid
risk of energy price spike China’s big
wave of Steel exports and flaming trade
tensions across the world us drafting
sanctions against Chinese banks for
aiding Russia war effort Biden tells ke
military aid coming quickly after long
de blade 60 billion funding approved by
House of Representatives and tender show
China acquired recently banned Nvidia
chips in super micro and Dell
servers wow that’s a
lot that was a lot we still got good
time though baby so again generally
relief hopefully you heard all of the
earnings I mean again more things were
better than not if anything the only bad
part here is rates and we’ll see what
the pmis end up doing but I got a couple
of pre-market movers for you let’s see
most of them are are going to be
earnings uh DHR is up eight 8.4 off
earnings Spotify 7.4 off earnings nbix
up 6.0 Phase 2 Data of NBI 1065 845 kmbb
up 5.1 off earnings nvs 48 gm45 GE 45
off earnings phm 42 off earnings Roblox
up 38 JP Morgan upgrades to overweight
sap 37 earnings FI 35 off earnings dgx
34 off earnings data dog up 27 Wells
Fargo upgrades to overweight first so up
18 evercore upgrades to outperform AMD
up 17 cnhi up 17 uh bounce after losing
6% on CEO change yesterday meta up one2
grab up one2 LMT up 1 one off earnings
Nvidia up 1 one and RTX up 0.1 off
earnings ibrx up 19% FDA approves uh NOA
pendin Alpha in backaccept pmn pen up
4.8 Ah that’s the 10 year where’s pen
pen is up 4.8 points Aaron labar
previously with Disney as CTO truest
upgrades to buy bhvn up 44 NEP up 1 n
off earnings HW up 37 n kgn up 20 Telsa
tlsa up 20 FDA allowance for additional
20 patients to be enrolled Hib up 19.3
JD Sports fashion PLC to acquire for
8750 in cash oprt up 137 holder findell
gets board seat lsta up 125 first
patient treated in quo’s Phase 2 trial
HR TX up 5’4 Capital Securities
initiates overweight select Chinese adrs
trading higher msci trading down 66 off
earnings cdns down 64 off earnings Shin
Williams down four off earnings wbd down
24 wolf research downgrade coin down
one2 mstr down 111 UPS down 0.9 off
earnings Philip Morris down 0.9 off
earnings Cal X down 166 off earnings SSL
down 117 9 million production and sales
metrics guidance JetBlue down 10 off
earnings xrx down N9 off earnings ad us
down 91 comments on HHS rule affirm down
77 Walmart back one launches bnpl at
select Us stores Billy down six Lu down
43 off earnings Capri down 32 FTC
lawsuit Herz down 22 amends credit
facility upart down 1 n [ __ ] down 45%
regulatory update on pz Cell auid down
15 gold and silver stocks all trading
lower and Mining and materials all
trading lowers as well
wow I didn’t know that affirm news so
apparently Walmart is doing their own
buy now pay
later I I learned something I learned
something new here so Chad we got some
good time here baby so I’m going to go
to the bathroom I hope you have gotten
all of the news you should be informed
all the way from Asia to America now you
got the pre-market movers the bell’s
about to ring here and then we’ll get
into all of it but I’m going be right
back and hopefully you got plays when I
come back I’ll see you in a little bit
Elon I mean it’s almost like you know
fism
trumponomics and then there’s musk ISM
you know it’s a question of whether you
believe in that would you be more stated
if we had an AI day the AI story
autonomous driving um optim Optimus Etc
would you be more inspired if you
understood what the AI component was
really uh within Tesla and the
monetization prospect of that here’s the
problem right I do understand it and the
reality is that we can look at companies
like alphabet and what they’re doing you
know with their a with their
self-driving cars which that’s generally
what you’re talking about when you’re
talking about Ai and cars the ability
for the car to operate more autonomously
uh you know Ford is doing a lot of
interesting things on that front Cruz
certainly at GM and so we we can see
that right when you’re in San Francisco
the self-driving cars are everywhere so
we know what that looks like and the
reality is it doesn’t really play to
Tesla’s strengths and candidly nobody’s
making a lot of money right now from Ai
and self-driving cars no it is very
difficult let’s just shift the
conversation along because uh Congress
has uh now voted on Tik Tok and and
there’s a whole lot of discussion around
the demise of Tik Tok What will Tik Tok
be if it’s sold off from bike dance
where will the algo go but I I I want to
understand a broader con a construct
which is the others who benefit as we
have Tik Tok ANS and if I look at meta I
mean it’s just way way ahead on real 200
billion views on reals and alphabet has
YouTube is Tik tok’s prevarication about
Tik Tok the opportunity the ultimate
opportunity for meta and
alphabet it it certainly is an
opportunity for meta you know probably
bigger for meta than alphabet just
because you know while YouTube shorts is
certainly done decently well and people
spending crazy amount of time watching
YouTube uh it it doesn’t monetize
YouTube as much alphabet doesn’t um but
when you look at meta yes I think that
that when creators get worried that
their livelihoods are going away when
Brands who depend on Tik Tok to get
their revenue see that hey it might go
away they have to be pragmatic and say
where else I go and the reality right
now is that that’s Prim I missed it oh
my goodness ladies and gentlemen boys
and girls the peach holy crap it’s so
early oh Bradley frle and the peach
peach Nation get your ass up horn oh my
goodness
[Music]
but where come on I need the other there
you go that one has a little more kick
to it I need that you know what I’m
saying my goodness Bradley frizo oh my
gosh here actually we need to get into
plays but I got sent this this morning
and it was the funniest thing ever I’m
not this isn’t this isn’t a like this
isn’t a joke a Chad wrote a paper for
school called Bradley Frizzle from being
a farmer to a businessman he got a he
got a 43 out of 45 it’s a whole he
literally wrote his college paper on
Bradley Frizzle and the peach I love I
I’ll read this to you later in the day
when we get it it it’s beautiful I’m
telling you it’s beautiful but chadad
Donia honestly we only got a couple
minutes you got one minute right now you
are here I need to know what is the
first play of the day let’s go post it
in the chat like the video let’s get it
popping baby
[Music]
SPX call puts AMD AMD Jet Blue puts
Frizzle add to the long term spy calls
PSS GE Tesla put short GE data dog first
play ups spy call spy call metac call
Tesla Amazon lawter PayPal shout out to
the pach it short cat coins GE call
short gold arm call Outlet Tesla meta
medic calls Nu GCT puts on PS 10% for
the longterm LMT GLD jet blue short sell
GE calls LMT Nvidia spy calls on the
peach Tes Proctor gamble GM Tesla
Cashers PM puts AMD Pepsi call ien Long
NQ GM Tesla Earnest Peach 52 months holy
beep wesla puts bit cord by du PDD Riot
spy scalps Tesla and the final
plays spy calls sqqq pm
morer and sofa calls wow chatt Adonia
Chad Adonia so I got a couple plays I’ll
give them to you in a second and again I
closed out my gold short so I got a nice
excuse me a nice gain on that but
there’s something more important than
all of
it ladies and gentlemen boys and girls
here at the Colt before we do anything
before we try to chase a dollar before
we try to enrich ourselves we must pay
homage to a very special group of people
that has made a sacrifice that most of
us never have and ever will and I’m
talking about the veterans of the United
States of America so on behalf of the
cult I want to give a huge special shout
out all the active servicemen past
servicemen anybody who has served this
country even the families for real thank
you for making the ultimate sacrifice
whether you agreed with orders or not
you made a commitment for your American
brothers and citizens that you never met
man and it often goes overlooked so Chad
don’t ever forget the least
we could do is show our love and
appreciation so veterans thank you thank
you thank you and big shout out to
anybody else out there giving back to
their local communities all the doctors
nurses teachers firefighters police
officers the janitors the garbage men
the coaches anybody making their
communities run
baby that’s where it all happens but
ladies and Gentlemen please
rise place your right hand over your
heart say it with me I pledge allegiance
to the flag of the United States of
America and to the Republic for which it
stands one nation under God indivisible
with liberty and justice for all
baby s the
D oh it’s game time
baby oh
or oh
chat
CH y’all ready so I got I here I didn’t
go over my place we got two minutes baby
we got two minutes so honestly it’s kind
of simple all earnings or activity this
morning I’m going to be watching Tesla
we’ll keep her eyes out for that Visa
they’re after the Bell so watch out for
them huma’s tomorrow morning but we’re
finally going to get to heal here from
Healthcare so we’ll see what happens
with that data dog it’s upcoming Tech
earnings they got an upgrade here roblo
got an upgrade too then watching the GE
ups and GM they all hit I don’t know if
they’re going to do two standard
deviations but it’s looking good for now
and then keep an eye on Telsa that’s the
life sciences play that one came back I
think we had that one for a while and it
just came back to green I think like
after a year and then uh GC uh keeping
my eye on gold now that I’m free from
that hell hole but maybe we could double
dip on it so we’ll see how that all
plays out other than that it should be
very simple and now you have one minute
oh wow one minute and you are lacking
like 400 likes I don’t
know you guys have done 300 before I’ve
never seen 400 I don’t know if you guys
I don’t know if you’re going to be able
to do that it’s okay it’s earning season
anyways it’s not it’s not like it’s not
like these are the plays when you miss
them they go 1,000% or anything you know
what I’m saying like at least at least
this is a good time to not like the
video when all of the earnings plays are
you know what I’m saying like that’s at
least you’re you’re picking a good time
you know that’s the the better time than
not so we got about 30 seconds chatt
Adonia like that video make sure you all
subscribed and if you have any questions
let me know again uh the relief is still
holding so we’ll see GE UPS I mean UPS
was actually going to hit and then that
ended up selling off but but all the
other plays they all went up what they
priced in so if they continue we will be
good oh wow 50 likes in 5 seconds 4 3 2
1 round
one
fight yeah you guys didn’t do it I’m
sorry I’m
sorry J and
J okay we’re up by0 4 eight on the
NASDAQ Point 44 on the Spy too so
everything is holding up
here let’s see then
meta reports Walmart affirm news is for
2022 oh airm might bounce
then Walmart back fintech check that out
then that might bounce cuz again I was
telling you that a firm news oh firm
literally was down eight and it came
back up cocaa and Microsoft 5year
partnership
o scammers
all
righty oh I forgot about that
okay I made one
play for
now and then a firm watch if that one
ends up bouncing up I need to check
another
biotech mpw back
yeah the Tesla I mean Tesla was cheap
last time so I made a Visa call not a
recommendation I don’t know I don’t want
to hoe you guys on the light you guys
were close but still so I’ll just Visa
call you guys will figure it out from
there not a recommendation Jet Blue
Falls 20% biggest since March 2020 yeah
Spotify they were pricing in 10 but they
actually beat and did good and Netflix
plays from yesterday those are going up
the GES are actually up too so the GE
you got a little bit of a
gain uh what’s the other one I don’t
know where UPS those are down and then
GM the GMS are clapped as well for now
and then a firm starting to come back
up pin duo
duo remember they killed it yesterday
and then I need to update these charts
let’s take a look oil’s down a lot too
that’s another play I’d want to keep in
mind and then again bonds are just
getting murdered yeah oil actually oil
was down 1% earlier oil’s down by 04
right now yeah pmis are in about 12
minutes
9:45 and then gold came back up but
still yeah Gold’s still down three
quarters on the day Netflix is going up
again the plays from yesterday and then
those GE plays want to go up but still
struggling a little bit and then Pino
Duo I mean that’s up 4% now off of
yesterday where’s that other one Telsa
and then meta too that one’s still going
up don’t forget about the chips as
well just remember we want to see if
they keep dying from yesterday you got a
little bit of relief meta’s doing great
Nvidia see Nvidia is up 12 smci is even
in the green for now Spotify still going
uh yeah spotify’s up $39 it’s actually
killing it so again they were pricing in
a lot you could double check the
contracts though cuz some of the ones
like really far out the money might
still be cheap I’ll take a
look oh no Habibi no Spotify very
much yeah even the spread Zone Spotify
are insane Proctor gamble pop weed uh
what price is the weed at spy going
lower so first little low of the day
again we were up by like 04 five so now
you’re up by like3 Russell and DOW the
weakest City on the high uh Banks 86 or
weed 864 I’d want it a little cheaper
Philip Morris
they were down earlier so that’s good
that they’re coming back up keep in mind
Altria they’re on Thursday they
responded to that a little bit Tesla in
the red again watch out for that 140
level and then Visa that was the only
play I made that’s for starting with
LMT they’re up 2.1 Philip Morris GE
flipped so again GE was actually looking
good for us and then GM so all of them
stayed within the 3% UPS started to wake
up Bond selling off lower and then spy
going a little lower I’m seeing a couple
of energy names on the high weird H
bizar and
[Music]
C sell the rip homie it’s what they
say it’s what they
say Macy’s honey well on the high up by
0 65
where is the other one LM tier they
starting to
move data dog roblo they’re still
holding uh Boeing has earnings tomorrow
morning phm on the
low Tesla Tesla at red right now spy
near the low of the day but again
Tesla’s going into that
141 GL run oh I didn’t get to see their
earnings they have forers honestly not
bad they were pricing in a little bit
more though 3M is on the high decent
candle there watch out for the value
effect again that I don’t I don’t want
to call it a rotation but just watch out
if you notice again the dividend value
names start to hold up because remember
half of your gain yesterday like don’t
underestimate how much all the broader
value names really contributed to that
until the tech and chips start to level
out yeah sap actually found a way to do
good that one was a little surprising
who was the other and then cdns got
merked so they’re still pretty clapped
there ER
Gilden Wells Fargo again bro these Banks
I’m telling you Banks reminds me of like
gold where just like I feel like eight
days they’ve been up seven days after
selling off on the first set of bad
earnings stld and new core not happy
yeah GE flipped again G those contracts
were up 50% and then it just started
dumping there so again that was another
post earnings UPS UPS was up like 5% and
then sold off but now they’re coming
back so watch out ups that might go back
up a little more again they were doing
better pre-market and then they sold
off so they are coming back to that and
then spy right at vwap pretty much right
where we open I have not looked we’re at
5031 so again 5033 5037 in these are
going to be the little levels pretty
much the highs of yesterday and then
like
what I want to say like 50 53
essentially maybe 50 47 he might get a
little bit of resistance Danny here
Poppin uh they were one of the earnings
here already yeah they were holding from
the morning Spotify still holding up
take two up TLT a little bit we got pmis
in like s
minutes no news on smci but just don’t
forget was literally down 20 something
per on Friday you know yesterday it
barely moved too but I mean smci been
going through a lot been going through a
lot Nike on the high spy starting to
break out a little bit so NASDAQ just
under half a percent same with the Spy
Russell and da are lagging behind a
little bit Nike some big candles here
not too crazy but it’s moving up again
that’s one of the values
do we think gold will bounce or go lower
gold has a lot of things going on with
it so the reason why I traded it is I
just I think it’s a good trade if you
want $50 to $100 a week but essentially
there’s a lot of reasons why gold can go
higher and then there’s even a lot of
reasons why gold can go lower so like
even then the dollar is really strong
gold is outpacing there’s there’s many
things that could bring it down
tension’s easing up again like last time
I mean to give you an idea last time
that the market pivoted from like fed
expectations on rate Cuts gold was at
like $1,900
$1,800 so the fact that we have priced
out all rate cuts and then everything
you know it’s it’s wild that it’s still
up but then like I’m saying the fear and
people trying to front run it’s bringing
it up so uh that’s why I was in it I
mean I got out of it last night so I’ve
been out of my play but I am going to
I’m going to double dip I’m going to
play Gold again and i’ I’ve been pretty
much playing it since December but I’m
not really sold on like you know what
I’m saying I’m not sold on uh oh it has
to do this it it has to do that it just
I know it’s it’s in a wild range it’s
it’s moving like it’s never done before
so hopefully that
helps CO’s up two
nice that’s been going up I mean I
wanted it to come down from the first
time we talked about it but literally
been straight up straight up hell yeah
it’s
10% you could play with GLD if you’re
going to play GLD I would play with
shares just do not play GLD options I’m
telling you I just that’s my personal
view uh not a recommendation but I’m
pretty sure that if you went to the
toilet right now and took a dump it
would be worth more than a GLD option on
any given by the end of the week at
least so even like if gold moved up $100
I think your poop would be worth more
than a GLD
option I’m not I’m not Ser ask anybody
who’s traded GLD options I’m just saying
so like if you want just try to be
attached to the price of gold like
letting it move so miners are another
thing but like even GLD with options
like because again gold can move up $100
if you’re on the wrong option you’ll
still lose so like shares that’ll
that’ll do its
thing you paper traded gold Futures made
six grand yeah it’s if you play the big
ones it’s there but even the small ones
I mean after that last gold trade again
it was really ugly at one point but I
mean since December i’ I’ve made some
good money on gold we haven’t missed the
gold trade knock on wood so finger to
the sky I got is good but gold is it’s
but then again it’s not the faint of
heart you literally saw me down 10K and
it was literally insane how it how it
got there in 24 hours I went from Break
Even to down 10K and then back to green
on that trade in 48
hours PMI out in
three load
up but then if you trade the mic the
micros they’re they’re better but then I
was down like a th000 bucks on a micro
and then that one came back too but it
just gold is moving crazy right now
that’s what you have to realize it’s one
thing about the Futures that’s leverage
but it’s the fact you’re get you know
gold moved like 9% this month like
that’s insane so those are the factors
that that really weigh into it
but you know any any which way from here
but yeah pmis you get them out here in a
little bit You’re Expecting Global PMI
composite
52.2 Global manufacturer 52 services
51.8 and then is there not a price
component H I thought there would be a
price
component is $20
$20 I don’t know I feel like I’m in
Narnia when you ask me that I feel like
Mr tness this $20
$20 so I don’t know I don’t I think I
mean there’s inflation and then
inflation
adjusted and all that stuff GE Aerospace
CEO cop tells Reuters Boeing still
taking deliveries of engines at the same
rate I’m I’m glad you got the horse
gallop thank you you know it’s about to
Det details it’s all about the
details all right you got one minute 1
minute 10
seconds so again I don’t know it
shouldn’t move us too much but it’s the
only data we have and like I’m saying I
I thought there was going to be a price
component so be on the lookout for it
there should be but I don’t I don’t see
it on my
calendar and then what’s next then you
got real estate data 15 minutes and then
Richmond f
right
after Walmart on the low
now I love Spotify is just holding oh
Visa
flipped spr Boeing buyout yeah spr is
moving on that and then dat’s coming out
in 30 good call out on that spr uh
dollar candle down Chad saying I don’t
have a headline on it Chad just said
something about s buyout
but they’re moving down watch out for
that Boeing and spr data in 10
seconds dollar hits new 34-year high
against Yen Boeing talks for purchase of
spirit progressing
slowly all right where is
it uh pmis
49 wow very good they came in Weak holy
[ __ ] last time they came in the highest
since like March of like 2020 so PMI
just came in at 49 uh and then Services
Services plummeted to what the hell and
then composite 59 50.9 versus estimate
52 Services 50.9 estimate 50 uh 52 and
then manufacturing 49.9 I’m pretty sure
that’s contraction uh and that’s
estimate was
52 yeah no that’s very uh that’s very
accommodative data to say that at
least I don’t know about rate cut back
on but that’s your first set of economic
data in at least a month and a half a
little longer that didn’t make you vomit
because again this same data you vomited
off of it a month ago when it came in
hotter that’s surprising literally PMI
just backtracked the whole year that
makes honestly very little sense but
like I’m saying it’s borderline
contraction from Services all the way
down like that’s crazy
so very good I’ll take
it I don’t know it could have moved the
Zaza I mean I think Bond’s got a nice
kneejerk reaction off of that U let’s
check but I do think that’s uh generally
bullish yeah the Zaza pop Dow December
Futures they got a bit off of
that so again Bond just even went red to
Green off that chips loving
it so that’s your first economic data
that’s been a good sign in a while like
again most economic data has been hotter
that’s what I’m saying most people were
freaking out on the economic data along
the lines of uh you know again every
time it being hot and then we like oh
ignore it wait till Powell and then we
started getting worried but now I mean
that all around is actually decent
there’s more things important than the
pmis again ism is a little bit more
important but it’s good all of it uh
just just came in lower guilt Futures
jump more than 30 ticks after a weeker
data so yeah even the even Europe’s
benefiting off of this right
now I don’t wouldn’t say rate cuts are
back on the table but that data helped
push that that helped bring that
discussion back up like I’m saying the
FED Futures caught a bid it’s not like
this is going to un this does not void
all of the [ __ ] data you’ve gotten in
the last month or two you know what I’m
saying but this is a it could be a
potential wind change but that’s at
least it’s just a good sign that’s it
thank God you just didn’t have hotter
data that hurt you again and this is the
first set of econ data that hasn’t ran
hot now in at least 30 to 45 days so
that’s it that’s that’s that’s how I
wouldn’t take it as a good sign I
wouldn’t read too much into it but it’s
definitely yeah the news is the PMI data
it just came in good it’s not screaming
it’s just one set of data but I mean
again you did just drop 5% on the month
Bond BS are near 5% you get what I’m
saying so this is that okay finally data
did not contribute to making the problem
worse it just now eased us up a little
bit and now we could punt now wait for
pce that’s going to be even if that if
this is your reaction off of PMI just
yeah wait wait till you see pce
then Amazon
dying spr’s still dying again there was
that Boeing news too
and TLT shot up a ton they were red RTX
going up they were only up by 0.1 in the
morning yeah stocks gain after flash
composite PMI data gold went up gold is
still down on the day but it popped PC
is on Friday and then GDP is on
Thursday but I mean what you just saw
here is uh just just think about it when
was the last time you had economic data
when was the last time you remember
economic data coming in lower than
expected like again every data for the
last couple of months has been hot
that’s why I’m like it’s weird to see
that PMI gauge just gave up four months
of of that of that progress that it
had probably last year yeah December or
maybe like a random jolts but even then
very impressive
we’ll take it bonds coming down that’s a
big Bond move see what they do Astra
zenica on the high RTX still going high
ticker in full gear again you just
bounced I think you’re at 5040
5044 yeah 5047 this is the level than 50
53 5055 if you could get above that then
we’re going to go up to like
5068 Baba is up too yeah back to 72 by
do up again pinu o Doo I think that’s
their
leader lmnd D it’s a good concept good
company but I I haven’t looked into them
too much I know a lot of people have
been liking it and there’s there’s been
a lot of things going on in the
insurance space
too UK PM sunak says competition between
countries has sharpened proam says UK to
increase defense to two and a half of
GDP by 2030 says UK to spend extra 75
billion on defense over 6
Ste take me to your
leader where is J clf on the low Tesla
coming back up again Nordstrom’s on the
high I was just looking at that one uh
mpw is coming back up to 470 that’s
actually big like I told you guys it did
the X dividend sell off so it’s kind of
dope if you get back there
chips gave up PMI
Pop Let’s see Intel in the red yeah
Nvidia even the spy if anything bonds
are holding it up cuz like I said it’s
not it’s not the biggest set of data but
it just it’s a gust of wind on a very
hot day that was just a breeze of of
better data than you’ve seen recently
but here gone just as quickly just see
if the bonds end up
holding and then I’m sure that gets you
a little peaked for uh the uh PC on
Friday go yeah they started bro last
time I looked at it that was up three so
Gio woke up continuing to go up again
that was the one that company that got
the fuzzy Panda thing Israel orders new
evacuations in North Gaza Army
spokesperson so I’m getting another War
headline oil starting to pop
space up 18 Bond still
holding they’re up there where’s Emy Emy
that thing’s still been going
I mean generally it looks like
everything’s holding up again Airlines
red Tesla breaking out here on the high
and then iwm is the leader iwm was
weaker so that last 30 minutes here that
just opened up the door for the Russell
so like literally the Russell was only
up by 0.15 when the NASDAQ was up half a
percent now the nasdaq’s up 08 spies up
6 and then the Russell’s up by 1.0 so
again whatever happened there in the
last couple of minutes and then the data
uh definitely benefiting the Russell a
little bit more than
that
UPS yeah that sucks they were they were
literally at
157 pre-market bonds starting to go up
higher again Tesla breaking out GMG
ain’t doing
anything MCL I was literally looking at
it but I wanted it in the morning it’s a
good price it’s not bad if you keep the
position small I don’t I think oil in
the low 80s that’s where I flipped it
last time and got a good gain but
ideally just as long as you’re not too
big but I was just I was
literally I don’t know if you hear my
with with one click I only have to click
once to drag it I I had this one I’m
looking at him I’m staring at
him so we’ll
see the bond Au we have a two-year Bond
auction that’s going to be later today
I’m pretty
sure yeah two year No 1
p.m. and then smci chips you’re going
back up again ever since the data one
you were already doing good here in the
morning you gapped up but literally ever
since the data you’re up another 15
points you’re breaking the high this is
its own little level so like 50 47 this
is going to open up the door to like 50
56 50 55
and then 5064 and then 5078 is the
breakout if we could get above there
you’ll go back to
5100 it’s good progress again yesterday
a little bit of relief that’s continuing
now today you finally have bonds so you
got to realize it was a little weird up
until the data but now the data is
helping support
that you Richmond data is not as
important but that does come out in 5
minutes and then new home sales I’ll
tell you though if you get a plummet in
new home sales uh and then even if the
Richmond fed dies too though bad data
would would be very supportive right now
this is what I was saying on Sunday on
the watch list like we were talking
about just any set of data can ease up
after the bonds have been so aggressive
and that is going to open up a big
window of relief but we’ll find
out um
is the six day recession over I think so
oil back to positive I’m not going to
play it now I’m gon wait till it goes
negative again and gold so I would have
been back to break even on my gold play
so gold is back now to
morning my
goodness but that’s what I’m saying like
you guys got to realize with gold I
don’t know which direction it’s going to
go okay but
like what I want you to realize is how
how how much it’s actually moving so
just to give you an idea on a gold
contract from like last night if you
were here at one point you were down
about
$3,400 here you see what I’m
saying here you’re down
$22,000 here you’re down almost
$44,000 and now here you’re back to
break even if you go up to here you’ll
be up
$1,000 so it just depends on the sizing
of it but like I’m saying man gold
you’re just the way you’re running
between 23 and $2,400 I mean it’s been a
while since you do like 50 $70 and all
that I’m not in Gold anymore I’m out of
it I just I made money on it but I’m
just saying like I don’t know if it’s
going to go up or down but I do know
it’s going to move $50 $100 either
direction and I mean if you have the
stomach leveraging or you have a general
idea for it I mean that’s that’s a lot
of movement it’s a big it’s a big ass
commodity and the way it’s moving with
this I mean it’s just creating these
opportunities so that’s about as far as
it goes I
guess what’s up
baby notorious Earnest Jet Life equals
law turn baby and the arm me what’s up
man how y’all living or
no longterm baby the Jet Life equals
long term Jet Life L time L
time L Marvel on the high so chips are
coming back again people were saying
there was a chip bounce during the data
I guess kind of not just I think the
whole Market took it
Amazon where’s Google remember Google
was killing Google’s up another 1%
today excuse me me
the you you doing good baby you feeling
good you feeling
blessed still longterm barish on the spa
I mean just be longterm patient longterm
patient let’s see I mean it’s in the
morning I don’t know we bounced up maybe
that’s green people are going to stop
telling me that they uh that they sold
but yesterday I had three people tell me
what they sold in the long term
unprovoked I didn’t you know what I’m
saying I didn’t even like I don’t even
look for it but they just they went out
of their way to let me know so we’ll see
yeah I’m still in the Intel and I’m
getting
worked like I might get a
W2 that’s how much I’m getting worked on
it but don’t don’t worry if there’s a
will there’s a way
[Music]
Richmond
fed all bad but not as much as expected
Richmond fed Services plummeted so -13
versus -5 shipments -10 versus1 and then
manufacturing -7 verse minus 8 so
honestly Richmond Services collapsing is
good and then new home sales
693 so new home sales beat estimate was
688 or 6
68 so Services was the better part
everything else was in line and then
real estate was a little stronger
honestly I think it’s it’s a
dud
don’t be
happy I like Baba into the long term
longs it below like 74 bucks just don’t
fall in love with it don’t add too much
you know what I’m saying let other names
have you know more more waiting and then
I’m I’m not against
it definitely high risk High
reward Bond’s coming down a little if
anything it’ll be the real estate stuff
I don’t think Richmond gave us anything
but like I was saying I mean we were
just benefiting off of cooler data real
estate just came in
hotter Tesla just right there again smci
I have them up here they haven’t gone up
to a new high Bond still trying to fight
it out
planter Dollar’s down bro so dollar pum
got pummeled with the
data I mean not pummeled on the daily
though liveing at San anthonio
baby what’s up what’s up we
minana how you living
Brock good
morning
VRT mu pushing I just had that up there
Swedish seab Bank feed in higher rates
abroad could also affect the Swedish
Crona Micron back to 22 I even Dell’s up
by
two ups dumping yes UPS flushing again
they were up three or four sold off
bounced up again and now they’re selling
back off going down to the red fizer is
popping up here so they’re going
up those Netflix calls might hit inshah
Habibi
inshah then is oil still
climbing yeah oil at 82 that’s already
AT3
no apple a
aoi fizer doesn’t have to pay taxes on
what bro High ticker non-stop you guys
so it’s weird spies kind of like
fighting back a little bit but I’m
starting to see a couple more toast Mna
airm Square durm Banks uh lemonade
Insurance United Rentals crypto I’m tell
I’m just reading off what I could WDC
the name’s on the high ticker but
ironically you are coming down LMT
flushing and then Bond’s giving up here
a little since the
data roblo got a upgrade this morning
they’re still holding up six
a r r
y UPS cell and Sherwin Williams UPS
Sherwin Williams and the and LMT all of
those are all earnings they are selling
off and then nordis is killing it
squares going up there too Netflix
starting to sell off a little bit spy
came to the uh top end of the uh PMI pop
Starbucks
playing cdna that’s not cdns Philip
Morris too they’re still going up again
Square just broke out Bond’s trying to
go up there squares up 2.8 Philip Morris
still holding
interesting Apple says Apple event to be
held on May 7th that is coming out right
[Music]
now klg oh yeah Pepsis
you said uh their main statement was
lower income consumers decreasing demand
this is bad poor people can’t buy cheap
snacks
anymore yeah they said they were talking
about something like that this morning I
kind of [ __ ] up I heard it on
Bloomberg and they’re like a
airplane seems a lot like the economy
where the people in the front are doing
fine and the people in the back are
struggling to get by I was like that’s
so wow then we just they said
mhm but I think that was in relation to
the Pepsi stuff mpw is great you’re back
to 470 I I’m surprised so that means you
sold off X dividend went down for one
day and then two days later now you’re
back so all of those X dividend buyers
got rewarded so you could have literally
flipped X dividend and got paid out and
been up on your shares and got the
yield Ma Apple reportedly developing its
own custom silicon for AI
servers would be
good but yeah watch they get above 478
or again five really that’s what we’re
going to need spy working its way up
Waste Management on the high Microsoft
starting to go Alcoa so again bro High
ticker doing it again this time the SP
is actually playing along and the bonds
have came back to get a bed a
bid he died like a
dog I know you came to listen to Trump
I’m back I’m back better than ever I
hope you like the video we have a lot of
work and we’re going to get them out of
office the cheating
Democrats and now the stock market will
be
booming crybaby B Daddy
such a
[Music]
shame how much longer am I Banning
twitch I don’t know I have no idea until
I feel comfortable you know cuz I was
thinking about it CU I was like damn bro
like twitch you have to think about it I
got banned on Twitch and not on
YouTube you know what I’m so that means
it was a result of just like pure of
pure pure pure
pettiness in the chat you know what I’m
saying like they they’re the one like so
now it’s just like it’s so now that I’ve
gotten through the band and then it
knocked me off of my schedule you know
what I’m saying it got me out of my out
of my my my my Cosmic Rhythm so now I’m
used to one OBS so we’re going to see
but that now cuz again we made the
twitch for a home for people who got
banned and they wanted to ruin it you
know what I’m saying though so it’s like
if y’all wanted to take out your own
table I mean I can’t like you know what
I’m saying I can’t do it I can’t do
[Music]
it it’s got much better well thank you
I’m glad I think my trump has gotten a
lot better cuz I’m telling you you guys
are honest whenever I would do it you’d
be like it sucks and I and and honestly
I figured most of you guys were just
Republicans and would get butt hurt but
at the end end of the day I I I see a
lot more compliments now on my trump my
trump sound so that’s good I think you
guys are it’s good he died like a dog I
know Josh had to practice but now he’s
gotten
better it’s good
you’re practicing for next year I hope
you know what’s funny though and just
listen is this what I’m about to say
sucks both ways you know
that but
like NE if Don if Donald Trump
wins and I
listen to every press
briefing you better not cry about
it and then if Biden wins we got another
four more years listening to that dumb
[ __ ] so there you go but yeah MH so
that’s the only thing so maybe I am
practicing but I don’t know who’s going
to win either either way it’s four more
years of Biden or you’re going to start
getting all the Trump things I like why
you listening to it I’m like we listen
to the last president why wouldn’t I
listen to this President [ __ ]
yeah four more years let’s do
it all right spy coming down a little
Tesla did good I have MP dubs up
there Visa got
worked jwm bro it’s killing it
jwn I’ll take it they’re still on the
high coupang going up another China
name and then win and then pin a Duo and
Summit SP still holding up after that
little cheek clay not that bad
[Music]
Apple i’ I think that’s the first time
putting up Apple today and then
Microsoft up 13 speaking of trump it’s a
Witch Hunt they’re putting me on the low
ticker I don’t get it they going to send
a letter to the
SEC Gary gendler what are you doing how
come they can short my sta
did you let Nancy Pelosi buy it if they
let Nancy buy it it’d go to the moon but
no yeah djt down
too it’s a shame it’s a true
shame I like byd the auto company right
in China I don’t own any but it’s a very
interesting one again djt that’s down
another one and a half New York
prosecutors Ask Judge to find Trump
$10,000 for violating gag order and hush
money
trial that’s why it’s dropping that’s
kind of $10,000 fine
the spreads have sucked the spreads have
sucked but people hit on that the
volatility and spreads were awful in the
beginning but it actually ended up
moving enough where like you got paid
out on
that urban Urban Outfitters and then Bon
still holding and spy man so all in all
I mean it’s all still pretty
good home data came out a little weaker
again Urban just bounced djt still
selling win so again a lot of China
optimism here today too but wi is
running in the background there again
Urban Outfitters just got to
pop my goodness and then spy near the
high let me get wi up
here where is it winds that
17 NATO Stenberg a strong NATO is good
for the US it’s only 713 we’ve been here
for less than an
hour my goodness volume’s pretty decent
I mean still got a little bit of time
and Walmart on the low oh a on the
high the ticker top right screen this is
win that’s what I was saying the uh
casinos there’s like some China news but
when lowkey been on a tear the last
couple of days uh what is that that kind
of reminds me of KSS but KSS was doing a
lot
worse feel like craziness well at this
point I mean back let’s go back to your
boy ghouls be I mean the only you’re
going to need a Black Swan or you’re
going to need like an external shock
otherwise I I think we’re fully in
earnings mode if the relief and
everything else is playing out how we
kind of forecasted coming into this week
I will just remind you this is like
you’re right in the eye of the storm of
earnings like if not about to enter the
actual storm so that’s a that’s a big
thing lurking around there because these
moves are weird when everything’s moving
around and then the rates they’re just
still like external stuff is kind of
lingering but without any externals I
just I take it slow and and just don’t
forget the the cat dog that occurs
during earnings
so I saw an interesting take yesterday
it’s actually a really good one it was
uh Jay Al sent me this guy back in the
shout out J Baby J and spirit we love
you baby uh but it was a was that D
Constantine but he was talking about on
Twitter he was saying how like the
buyback blackout period is fake and he’s
saying like there’s no such thing as a
buyback Blackout Window because I mean
long story short a essentially the 10 B5
so you know how Executives have like
organized plans to sell stock he’s his
argument is that they all outline their
10 b5s so 10 B5 like Insider buying on a
schedule is an exemption to the buyback
rule so technically if you have a
scheduled sell already in place the
company can use the BuyBacks to to
execute it as long as it’s pre pre there
mhm I like to believe Jay alt is still
lurking here somewhere I do too I I love
him either way I love him either
way yeah it was interesting take I liked
it I liked
it but the point is I mean there so
exist there is like a real like there’s
safe harbors and like there’s certain
restrictions that come companies can’t
do during the earnings in the 48 hours
but technically I mean there there is a
loophole if you have a 10 B5 it’s still
going to execute your BuyBacks so there
might be some gap between
that so it’s like they’re selling their
own shares and using BuyBacks to buy
them yeah that’s how it usually
is so like most of the time when like
Executives of the company are selling
their shares they’re not dumping it on
the stock market they’re like the
companies using the buyback money to buy
it and so that’s the that’s the irony of
a lot of people don’t know about so most
of the time I mean it’s already like
your your BuyBacks when they say we’re
buying back stock it’s a lot of it I
want to say over half of it funds you
know executives
Mara up
too and then Bond’s coming back up so
you might get you might get round number
two man spy’s been holding up here for a
little bit dancing around the high now
bonds woke up high ticker going crazy
and spy back near
5047 oh that’s
gold or 50 52 so 50 55 and then 5068 I
think or something around there
Tesla’s down over 60 from the highs yeah
I mean that’s what I was saying I was
like I don’t know if it’s priced in they
had delivery numbers and all this bad
like they’re down a lot recently but you
know once it gets into this Zone people
get worried about it but Tesla’s
literally the worst company on the S&P
500 this
year Zion I didn’t look into it
I’m over the regional Banks
lowkey doctor getting surgery oh man I
hope you’re doing good APS on the high
that’s win in top right got Apple in the
bottom
right Lula basic food items should be
exempt from taxes in
reform nice Lula sweet greens going up I
don’t know if they’re still holding
those gains damn they’re up nine
remember they yeah I guess these were
the gains I was talking talking about it
came down a little bit but bounce
in can you explain what you meant about
insurance companies uh yeah can you uh
can you give me a little more what was I
saying or what do you what was the
question good day for the long term I
mean after some rough ones yeah
we’ll take it
man what’s going on Mark doing that
retest I told you about today’s my
birthday you Bara happy birthday baby or
no hey man hey man bro another year for
the lawar so you told me about the
reversal I told you about the longterm
get the
longterm oh [ __ ] yeah longterm is liking
today
woohoo so now long term after today I
mean it depends if it stays here so
we’re at 173 again so longterm is going
to bounce right back to to the beginning
of March again so remember we bro we got
a haircut we lost 10 grand 11 Grand in
the long term in this month now it’s
starting to come back
up well TI it it is a good day
though djt still dropping
higher rates will affect insurance
companies even rates on the loans would
that affect insurance
premiums it could where did this come
did I I I think I said something about
insurance but I’m not following the
context I’m not where is this coming
from I’m still I I because I think I
said it in passing but um and someone
said something else about it I’m like I
don’t know if that’s what we were
discussing I’m I’m a little lost on the
insurance thing to be honest with
you all right I’m not going to play GL
no too much going on but Chad we’ve been
here for just under an
hour I need to go to the bathroom follow
me on Instagram at the tradein
fraternity and I will be all
be whether that goes through or not I
think you know unfortunately generally
the the orders the backlogs are growing
for all of these companies um again if
they can get the f F35 program kind of
running smoothly um yeah we think that
bods well well for their for their
orders going forward all right Walter
got to leave it there great conversation
really covered a lot of ground our
thanks of course Walter Todd of
Greenwood Capital now still ahead we’ll
take a look at the companies making the
most social buz today in our social
climber segment up next damn it this is
Bloomberg right when
I
man this is Bloomberg we topped out
5055 znbc no no nothing all right
nothing nothing for me today
nothing for me today shorts getting
squeezed in man it’s been they had they
had seven days six days in a
row so again this is all part of the
relief theme I hope none of y’all don’t
read too much into it don’t get too
hyped on it cuz like we said by the end
of the week all of this can change
home data came out a little bit weaker
MH and then the P it was the PMI data
that gave us the Boost of the day it it
lifted the bonds out of the goog got the
market doing good and then I mean it was
your first broader economic data that
finally calm
down 5052 Nvidia on the high
hi nvidia.com
yeah it’s still super early we’ve been
here for an hour so just under an hour
actually we got a long way to go not
much data there is a bond auction at 1
p.m. Eastern so 10:00 a.m. my time
Pacific uh and then at by the end of
that you know you’re going to just be
preparing for the earnings tonight again
with Tesla visa enas and a couple of
others Amazon Apple went red again Nidia
waking up Microsoft still up meta’s on
the high apple is getting a candle it’s
interesting and then meta going
up and then oil’s back at 82 still
8214 it’s crazy gold and oil did the
same thing they all just yeah last night
dumped and then they’re all right back
at that level that they were at last
night so like oil is pretty much right
at opening of Futures like midnight and
then
gold just under it pretty much doing the
same
thing is the Netflix play up I haven’t
checked in the morning it was yeah the
Netflix play is up
57% so that one actually
worked we literally bottom ticked it I
think I was four minutes off of a bottom
tick I went like three more dollars
lower and then ripped
but that one did work out for
now ball on the high okay I need to go p
man are they back all right it would
Mark Apple’s second major broadcast
partnership in the sport and finally we
have the FTC saying that it will sue to
block coach parent tapestries deal by
Michael K’s owner Capri this is the
first time that the Biden Administration
has used its antitrust enforcement to
try and stop a deal in the fashion
industry Reg cators say the deal would
raise prices on Handbags and accessories
in the affordable luxury space and of
course you can follow all the latest
company buzz on TR and go on your
Bloomberg termin terminal let’s take a
quick look at the market right now
because an interesting uh turnaround
after of course those manufacturing
numbers from a little bit earlier you
can see the S&P 500 currently up about
9/10 of a percent even more so if you
take a look at big Tech the NASDAQ 100
Higher by more than 1% and yields
continue to move lower quietly down
about three basis points on the 10e now
coming up as I was saying us business
activity cools in April will’ll speak to
Ravine Gandhi GMM non-sick coding CEO
next this is
[Music]
Bloomberg a robot may not be coming for
your job but competitors are coming for
your market
share at PWC we PA the right Tech
Sol I know they’re coming for my market
share they’ll put you in jail they’ll
prosecute you they will prosecute
competitive Advantage
opponents with pwg what about
djt I know it’s a shame
Mickey Mouse creeps you out I think
that’s childhood trauma it’s not I’ll
take the blame but you know what I’m
saying I used to cry when I would see
the lion and lion king or not Lion King
Aladdin you know and the like little
like tomb would open up I would cry I’ll
be
terrified spokesperson of Hamas armed
Wing alum grade we call for escalation
across all fronts wow
hi Microsoft again meta they started
running up there while some of the other
big Tech went down again meta still on
the high smci now trip booking I don’t
know about B&B they’re back 160 and spy
I mean dude you’re at the high right now
so levels wise this is one of them uh
but we’re making some progress Chad so
here’s this is a breakout level and then
I think next level is going to be like
50 68 or
67 50 64 is so 64 to 68 and
then 5078 and then that’s it
oh ah that was a big high low ticker so
we’re still going
up the breakout level I’m I just use
open and closing prices it just like
basic support and resistance I mean I’ve
been doing this now for a couple of
years like a year now because I used to
not have any of these I just I never
called these out but it was like I think
like a year and a half ago and the
market during the rate cut stuff like
the market was just getting very
computer driven and like I mean these
solid levels just the opens and closes I
mean it’s it’s very accurate so I mean I
don’t know if you’ve been here even the
last couple of days there’s been some
call outs on the levels that have
literally been spot on these lines were
all for here I stopped drawing them
after here I just eyeball them and call
them out for you but it’s just it’s it’s
pretty simple I mean you could see how
choppy it is and like you know all the
little Wicks but other than that that I
mean it’s it’s kind of wild you know the
the price action in history that it’s
based off of I mean it’s just off of
opening and closing over the last couple
of months and and
year so 5060 baby level number one kind
of the higher end of the 50 60s is a
good sign and then 5078 I think that is
the ultimate breakout spot of the day if
we could get above 5078 on spot
I think you could uh potentially squeeze
up to
5100 or back up to
there uh mpw is back at
470 again whole spy everything is going
up now so it’s looking a little bit
better yeah mpw 477 we’ll take it USD
Square man again High ticker absolutely
gassing Chad I mean this is oneway Road
the funny part is like wait till Euro
close but guess what Europe did do good
again today now Europe Japan uh and even
uh France they they all did good so we
still have an hour till Euro close but
this is the higher end like I said let’s
see where we get above 50 67 is or even
5064 and then
5078 that’s what you want to look at
but not bad for
now nv’s
riing seeing then bonds
bonds and dollar I mean it’s it’s all
kind of supportive if anything bonds
need to go up a little bit more but for
the most part man I just I think your
general relief data and then you had a
set of earnings that wasn’t bad this
morning I mean you’re making a nice move
and just remember we sold off a ton so I
mean where are we you’ve given
up two days so honestly I don’t know I
don’t know I don’t know why it’s just
still this is good but remember these
these were your last two days before the
upside so you’re wiping out like maybe 2
and 1 half days right now maybe the
third day if you’re
lucky and then remember we were pricing
in 1 and a half% on the
week and then we went up by so I think
you’re almost near there in a weird way
nard shares jump after beating
expectations and guidance vert Elf on
the high is that Nidia again and Google
and coinbase
gez yeah Nidia coin Google bro Nvidia is
back almost to
$900 I guess it’s still $70 away but
like again we were just at
750 two days ago the data wasn’t bad it
was good bad data there was weak PMI
data that really it was their first set
of weak data not only on pmis but in
general in about 4 months 3 months ever
since the beginning of the year it was
the weakest PMI on the year after the
last PMI was the highest in two years so
a very very good sign there uh other
than that new home sales came in
stronger and then the Richmond Services
came in weaker but it was really a
non-factor and then again earnings were
good this morning we did not wake up
with war escalation you did not wake up
with somebody guiding lower falling off
a cliff and not to mention you know the
last couple days of the selloff that has
created this environment for relief now
on you know the smallest little nothing
happened so tomorrow you got even bigger
earnings today after the Bell we still
got more and then you’re also remember
GDP and pce data if this was the effect
of PMI data this week I mean your pce is
probably going to pack a punch
GM post no didn’t do anything with it
we’re just I’m still holding it but they
all look promising in the morning but I
don’t think any of those players are
going to
hit PC on Friday Friday morning 1 hour
before the
Bell Azul on the high Azul in
Adobe Adobe 470
man adobe’s kind of
terrifying djt still selling
off I’m going to cover it at oh I’m not
going to be live for
PC I don’t usually go live for PC non
farms and CPI yeah
LMT adobe’s interesting remember we were
playing that after earnings was both bad
and then good but they are
down and then remember after PC it turns
into the fed and then after the FED non
farms and CPI again
woohoo and then you’re just back to the
good old
data Tesla on the high yo Tesla breaking
out y Habibi and then spy still holding
after that little run there again bonds
have just stayed pinned ever since we
broke out
there there’s
naughties Tesla earnings is today after
the Bell it’s like either
like right when the bell rings or like
30 minutes after or 4:20 I don’t know
Tesla has a weird time then the
conference calls like an hour after the
Bell but yeah Tesla is waking up that’s
why I keep in mind that is a pre-
earnings on the
day djt on the low
again damn they’re down 10 that was off
the gag order there’s no way that has to
just be dump in general cuz remember it
was going up when the market was going
down maybe it’s just getting some pain
now that everything else is coming up
that’s
wild always 405 for Tesla no way I mean
that’s the only thing that correlated
but it seems that would be an Overkill
off of $10,000 Trump
fine and then Tesla’s still going
LMT again even RTX they they just barely
moved they wanted to wake up in the
morning but they had earnings they
didn’t move that much uh who was the
other
one GE came back up so maybe we get
lucky on that one that was those plays
were up a lot in the
morning but yeah ups and GM cucked
we will go over earnings yeah I kind of
like yesterday we did it a little
different I just made like a speed run
through all the previews outlined all of
the expectations and then I picked the
ones that had low premium and then I
just went and then I ran the
plays but yeah I mean if time allows we
should be we should be doing uh previews
today XP on the
high and then Dell came up 36 honestly
that man micron they’re moving hand
where’s AMD too
2.8 D
Dizzle meta coming down I mean spy just
hit that high and I mean again I don’t
know what level it’s at but we are I
mean borderline 567 is 66 we start
getting in those high 70s I mean
remember it was last week we started at
5100 and sold off but I mean I mean
you’re knocking on that
door Boeing earnings I don’t I mean I
think a lot is going to focus on
production it’s it’s very hard to say
with everything going on there but I I
think it’s going to be more of a TV show
on drama updates rather than numbers
unless they have a good number but I
think that one though is going to be
difficult to play with everything going
on I’m sure the premiums are going to be
nuts too I did hear about them they want
to make the market uh oh there’s a thing
they’re talking about making the market
open
247 so yeah I don’t know I couldn’t
stream if it was 24/7 you guys because
we wouldn’t have a market open or
close maybe I’ll I’ll uphold the
tradition I’ll still wake up at 6:00
a.m. I’ll get like a I’ll get a bell and
I’ll go ding I’ll get a Gong and then
I’ll I’ll hit that at 6:30 you know what
I’m saying and we go
Bo but yeah a it’s a crazy C
concept Spotify going up
still Euro hits fresh 16-year High vers
Yen bro Spotify is up so I don’t know
maybe two standard deviations might have
hit on that cuz that thing’s up 15 now I
think you would have needed 20
yeah these were going for 50
cents no you still got
clapped these are going for 100 they’d
be up at
300 but yeah any of the cheap ones you
would have got clapped you would have
made
100%
crazy so actually even though Spotify is
up 15 unless unless you’re buying these
160 to like 500
three yeah it still still wasn’t two
standard
deviations UPS I still that play I don’t
think it’s going to come back up it did
look good there but earnings plays no if
anything I just pray they get downgraded
and flush so we could add it to the long
term but other than that
no
yo MasterCard on the high ax still that
thing’s literally been running from
their earnings again MasterCard
following right behind it
the Nidia is still working its way up
man 825 High ticker has not calmed down
I mean again we’ve spent the first hour
and 15 minutes just going straight up so
the other days too remember you would
like sell off in the morning you know
make it a little bit more precarious but
you’ve been Cash open literally straight
by and now it’s been like hour 15 we’re
near the high and everything’s chilling
even the bonds after the
Daya this Suave yeah it was acquired
yeah they got bought out was it by
J&J any P poin
there’s nord’s they’re kind of coming
down on that candle and Macy’s SLV is
silver going up I haven’t traded silver
yet that’s one thing I want to do but
I’ve been W teing where is Silver
actually what’s like the spot price on
silver is it 24
why is weed popping I think it’s just
for getting relief with everything else
I don’t think there was any weed
news so remember they were getting CLA
the other
day so over price.org onload us
preparing 1 billion weapon package for
Ukraine once Aid bill is passed to us
officials
say silver is at
27 is this just my computer my silver
price thing not working good
2717 so silver back to the prices of uh
the last time they try to squeeze
silver neoc concept International opens
at 435
IPO at 4
NCI and
IPO and then lyv on the high spy is
coming down bonds holding but I mean
ever since the data and all of these
rallies I mean your your your red
candles have all just been literally
like baby reloads but you have came down
almost like 10 points from the high
there so let’s see but two little baby
reds
and then gold coming
down Mr do down point for again dollar
died after the PMI data and PMI data was
the Big Driver here I mean I I think it
just stands out dollar fat candle ponds
fat candle spy fat candle and we haven’t
looked
back
56 good D then here’s I mean here’s her
20-day chart so still about 200 points
off of the high which was set
about literally 22 days ago
and then even then from this is actually
believe it or not where you are right
now now we are where we opened up on
Monday or closed on Monday excuse me so
remember last week was a lot of Carnage
so now you are back to Monday’s close
which ever since we’ve got there you
have not been again that’s why I say
that 5079 5078 youve not been able to
break it since we’ve been there so we’ll
see how this plays out MDB on the high
and then Bond’s coming down a little bit
spy was already dropping see what holds
up
Market
cook and then PMI
data I mean I had chat GPT do this for
you
PMI stands for purchasing managers index
it’s an economic indicator used to gauge
the health of a country’s manufacturing
sector PMI data is typically collected
through surveys of purchasing managers
at manufacturing firms who are asked
about various aspects of their business
activity such as new orders production
levels employment supplier deliveries
and inventories PMI readings above 50
indicate expans in the manufacturing
sector while readings below 50 indicate
contraction the index is closely watched
by economists investors and policy
makers as it provides timely insights
into the performance of the
manufacturing industry which is a key
component of overall economic activity
PMI data is released on a monthly basis
by various organizations and is often
used to forecast broader economic trends
yeah that’s about
right
MH there you go yeah bonds ticked up a
little bit I just saw something on the
was it the high or low ticker that
popped up there I think it was just
bonds and then nvo has been running and
they I no nvs was the one naris was the
one with earnings yeah they’re up
three e
PT yeah nvo is actually starting to pop
up here spy still holding Wells Fargo 52
we High the banks
bro it’s wicked so JP Morgan back to 191
JP Morgan almost about to fill their
whole entire earnings
Gap and then spy still holding where’s
Tessie so again Tesla earnings after the
Bell mpw we don’t have anything on MP
mpw is just up today still from the data
and then post xdv Netflix going up so
again those Netflix plays uh should be
up
50 where’s
oil oil’s actually starting to go up a
little higher up half a
percent uh when is mpw’s earnings isn’t
it right around the
corner April 25th oh [ __ ] mpw’s in two
days well there you have
it oh
no why do companies reveal earnings
after hours I mean some do it beforehand
but usually if they did it during the
market like while it’s open I mean it
just moves things too much it’s just too
volatile
[Music]
so lock heed and Ron both Crush earnings
and it’s getting sold what am I not
reading in between the lines I mean
without looking into it directly I would
just double zoom out and that’s happened
probably like six times already and we
we haven’t even had that many reports so
like that has been a major theme Here
asml TSM JP Morgan uh who else even UPS
today so it’s like you could beat but if
it if the beat level is not not like
high and your stock is already up a lot
it’s I mean you’re not getting rewarded
for
that so I don’t do they let’s
see Lockheed
beat I’m trying to see their
guidance yeah so Revenue beat they
reaffirm foure
guidance but yeah so like their range
was 25 65 to
2635 estimate was
2605 so they lowered the bottom end
raised the top end again even Revenue
estimate they’re slightly above like all
of their pretty much the estimates
guidance again I think they’re all just
High that’s for LMT I haven’t looked at
RTX but like I said my first assumption
is yeah good but not great 100% on a lot
of companies uh like the that’s the
thing is that when we’re optimistic you
feel it because even the littlest
earnings it gets rewarded but now you
know if your expectations are already
high up there like again I’m looking at
LMT they did good but you know some of
their guidance numbers the low end is
lower than where they already estimated
at and that or where analysts are so
it’s not like anything new is is
changing that story and justifying the
prices Tesla for the long term after
earning I mean all depends what price it
goes to my brother all depends what
price it goes
to then spy climbing back up ccj on the
high
oh and then Nordstroms they’re starting
to run still a little too
XLV healthc care is up one two actually
get a checkup man what time is it 8:00
so 30 minutes till Euro
close all right
so S&P
500 420 names in the green 80 in the red
my
goodness yeah Dow Jones 22 in the green
eight in the red and then uh NASDAQ 90
green 10 in the red so liter once again
90 80% of the market is up Tesla layoffs
to include
2,688 Texas workers more notice
says I might go start looking at Austin
real estate cuz remember was like Austin
they thought like Tesla was going to
make it go up but now like Elon fired
them all that that’s a [ __ ] ton of
people bro
2600 and I think that’s on that’s just
in one
area excuse me
let me know I could help in Austin find
me some people trying to sell
quick any any good deal I take I take
good
deal mtus Wells
Fargo spy is working its way up here so
again you’re back dude it’s been
non-stop since the data I’m telling you
even compared to the we’ll see what
happens at Euro close but this wasn’t
any pullback this was Gap in cash open
run you haven’t had this in at least two
months when you would go up every single
day yeah Texas property taxes are wild
how do you manage remote properties
property managers you know you got to be
willing to let people handle it but it’s
uh makes makes life
easier oil’s still up
04 again Banks keep moving up and then
mpw earnings is in two
days let’s go
nardis who’s other
one stressful using property managers if
they’re bad or like if they’re new so
like when I you know if I have to get a
new property man manager I’ve never
worked with and then if the tenant is in
the property is a hassle it sucks in the
beginning but I mean usually once you
get once you get it running and you have
and like they the manager gets it on
autopilot and then you’re familiar with
them and then it’s all running it’s
usually
chill am I still buying real estate or
not so much no I’m buying I’m buying
them where wherever the deals are it’s
been the same way like I’m not you know
I don’t overbid for properties and
anything like that but I mean I’ve
gotten a couple this year like I said
even did a flip as well so I mean as
long as the price is is right I’m I’m
down with
it I’m definitely like I just I’m not as
uh lofty with my arv so when people are
like oh I think the house will get this
much I’m like nah so as long as I’m
conservative I mean conservatism has
benefited a long long way in that game
hey man shout out to Tony God bless you
bro so Manan shout out to
C am
man might turn up after Europe well
Europe is very strong and yesterday
Europe was really strong right when
Europe closed we rocketed so we’ll find
out here but today we’re really strong
now NASDAQ up one half one and a half
spy 111 Russell 17 Dow even at 68 so
we’ll
see thanks 100% on the Netflix good work
baby good
work do you think Passover is why Israel
isn’t retaliating uh it could be a big
reason why but then again they already
retaliated so even last night uh part of
the reason like gold dropped Iran they
said that they’re done like they said it
was sufficient uh how much they attacked
them so remember the last attack was by
Israel so if anything now it’s on Iran
to uh if they want to uh clap them back
52 we low Spirit they report tomorrow I
think or the next day the footy did good
all all of the European indexes did
actually very very
good Germany up 135 I think the footsie
actually footsie was up more it’s only
up 007 right now uh but then the Euro
stocks 50 went up 1.2 Germany 135 then
the key8 Hang sang
03 uh what happened to uh where was
it there’s one
more I said where’s
Frost FR say Switzerland up 13 France up
S yeah everything was
good I did make a play today on
Visa but again I’m not you know we’re
we’re trying something new I’m no longer
going to be your guys’ like play Watcher
you know if anything if you guys want an
update on the play if you comment on the
watch list I will put it on the watch
list for you guaranteed and I’ll cover
it fully in depth uh but if you are
going to ask me during hours I’m going
to ignore
you so you got to be in the mix or be in
the game or again if it’s that important
I will get you an update on the watch
list
one of the leaders of Iran they said
that something about they want to raise
escalation it was it wasn’t Iran it was
uh Hezbollah I
think watch list is the second link in
the
description youtube.com thet tradein
fraternity
king of big red condle it’s your I mean
it’s a decent one on the day bonds
didn’t move meta Netflix couple of the
tech names I me to see if the dollar
wakes up little r there yeah I got a
little
one the houth that’s the crazy part you
notice we haven’t heard about the Red
Sea in a couple
days and somebody asked that question
too they were like how come Israel and
all these bombs have been going off for
months and then we don’t react and then
Iran and Israel and then all of a sudden
we start freaking out it’s cuz like you
have to think about it remember the
beginning October when the first thing
went down the war like the issue with
the war it had to do with the hormas
straight the straight of hormas and
that’s Iran so now once they get drawn
into it that’s why we started freaking
out more there’s you know if Iran and
Israel are in direct confrontation
that’s more likely to cause a oil issue
and like 1970s esque Global oil Middle
East tensions so that’s that’s why if
any of you are
wondering something happened I mean
we’re getting ready for EUR old close
and you’ve had a massive move already
compared to the last couple of days even
off the open so I don’t see any
headlines I don’t think this is off
anything I think a little breather and
kind of give us a nice little set up
into
Euro Bond auction is at 1 p.m so we
still got about two hours two hours till
the two-year Bond auction and that will
be important two years a important
tenure right
now DF f as spy still
holding auction in a little
later why did well we just had two big
candles right there and again everything
has been straight up so I’m sure people
wondering why it would be going down but
like we’ve seen from the last week cross
assets pay attention to oil gold dollar
bonds you know that’ll give you an idea
of of if something’s really happening or
not GL moving on the high
still subscribe all right I’ll see you
on the watch list baby and yeah let me
know so honestly if you comment on the
last watch list or on that one I mean
let me know if there’s a play you want
an update on I will I will get that for
you
Fidelity only has
343,000 iwm to short how do you know
that I’ve never looked into
that fundamental effect of the Euro
close is that we will be the last Market
that is open on the day up until we
close and then everybody else opens up I
have a full video on it if you search
the trading fraternity on YouTube search
the trading fraternity Euro close I got
a video that pretty much explains the
relay race that’s what I call it because
every the markets are going 247 so even
though you can’t trade 247 right as one
market is opening another Market’s
closing and as another Market’s closing
another market around the world is
opening up so it’s like it’s it’s a full
step while we’re sleeping you know
China’s doing its thing as China’s
closing Europe’s opening as Europe’s
closing we’re opening as we’re closing
China’s getting ready to open and then
you do all that stuff over and over
again so has little effects that you’ve
been able to
notice title of the video so I think if
you just go on like your YouTube
browser
ah if you just search the trading
fraternity Euro close
where is
it yeah the European close it’s the
first
video I think I have a relay yeah see I
got an
example there you go I got some cool
stuff to show
you go conference call
I should call that guy
back hey what’s going
on are you in the call right
now KB sound on the high I a heard that
in a
minute and then bonds came back up yeah
GL up 9% now
Russia Court rejects wsj reporter Evan
gershkovich appeal against
detention talking about
Gil yeah Global Life I’m trying to I’m
trying to see if I could get the I kind
of want to hear
it event calendar earnings 11:00 a.m. 89
yeah just
started they want my phone number
required
enter the webinar has
started in the first quarter net income
was $254 Million this is for glob again
it’s moved up 6% 224 mli so bigger
impact in day than not and now the event
just started and it popped up two bucks
for the quarter was 2 remember they were
the name that got clapped off of the
panda an increase of 10% from a year ago
on a gap reported basis return on Equity
through is
21.3% and book value per share is
$53.3 excluding accumulated of the
comprehensive income or
AOC return on Equity is
14.3% and book value per share as of
March 31st is
$79 up 12% from a year
ago before we continue we’d like to take
a moment to address ahead of time
questions many of you may have regarding
dismissed litigation against the company
the doj inquiry and the recent attack on
the company by a short
seller for over 70 years our business
model has stood the test of time and as
we will further discuss today we
continue to to generate sustainable
earnings growth that provides long-term
value for our
shareholders with over 17 million
policies in force our millions of
customers value the protection of the
company’s products and we strive to be
there when our customers need us
most we want to assure you that Globe
Life its management and our board of
directors strive to act in accordance
with the highest level of ethics and
integrity at all levels of the
organization
while we believe the short seller’s
claims present a false and misleading
overall picture of the company and its
subsidiaries as a demonstration of our
commitment to operating ethically the
company’s audit committee has retained
the international law firm Wilmer hail
to conduct an independent review of the
assertions in the short sellers report
wow as you can appreciate given the
ongoing nature of the they’re auditing
themselves and out of respect foring on
Independent review initiated by the
audit committee that’s wild we are
limited in what we can say for this
reason we will not be taking any
additional questions on now they’re not
going to answer questions Al our intent
is to address questions we understand
you may have to the extent possible what
we will provide updates as and when
appropriate it’s I don’t do it’s an
interesting take provide a brief update
on the status so now they’re not going
to answer questions on it but then they
said they hired an independent company
to audit all of those
of sexual harassment and purported
fraudulent business practices neither of
which we tolerate and off that again I’m
glad we listened to this you’re getting
this live in here on September 27 it
might bounce but then people might start
doubting them that’s very hard to read
honestly I can’t give you a read off
that of the three arbitrator you don’t
really see that too often after a year
and a half of litigation I can’t
remember the last time we saw a short
report lead to an internal
audit the night before the hearing the
claimant sought to dismiss her claims
without obtaining any relief or payment
after a lengthy discussion on the record
thisiss the case with prejudice and on
April 3rd 2024 the United States
district court for the Western District
of Pennsylvania affirmed the dismissal
with
prejudice on March 14th 2024 Global Life
filed an AK addressing this matter in
more detail and the court filings are
publicly available for those interested
also noted in our Form 8K Globe Life and
American Income receives subpoenas from
the US attorney’s office for the Western
District of
Pennsylvania these subpoena saw
documents relating to sales practices by
certain licensed insurance agents in the
area’s organization who were contracted
to sell American Income policy bro how
many cases do they have against them
company and American Income is in the
process of responding to these subpoenas
so there’s like bro he just mentioned
another sexual harassment thing fully Co
sales malpractice thing the doj has not
asserted any
claims this is why the short Seller said
stuff foring investigation it’s all on
top of that the company currently is not
aware that any legal proceedings are
contemplated by governmental
authorities while no assurances can be
made and we are still evaluating the
matter management did not believe when
the subpoenas were received and does not
believe now that is either reasonably
POS possible or probable this
investigation will result in material
liability to the company as such the
company did not disclose the existence
of the request from the doj in its form
10K we are providing additional
information regarding this matter to you
now in light of recent questions that
have been raised Matt thanks Frank most
recently both the litigation and the
doj’s investigation were the subject of
a lengthy attack on the company by a
short seller
as we have stated publicly we believe
the report mischaracterizes many facts
and it relies on Anonymous sources
dismissed lawsuits and allegations that
have not been proven in litigation to
present a false and misleading overall
picture of Globe Life in American Income
in this instance we believe the short
sellers report demonstrates a
fundamental lack of understanding of the
life insurance business generally and of
how our company operates and reports Rue
as we have disclosed in our annual
reports and audited financial statements
Globe Life recognizes revenue from
premiums for long duration life and
health insurance products over the life
of the contract and when payments are
due from the policy holder therefore
premium Revenue closely matches the cash
we collect monthly for example during
the physical year
2023 American incomes collected premium
payments and reported Gap premium income
were essentially the same at $1.6
billion a history of American incomes
collected premium as compared to its
reported Gap premium is included in the
supplemental financial information
available in the investor section of our
website now we only report net sales and
policies after they have been through
our underwriting and quality control
processes and as disclosed in our public
filings when calculating net sales for
American Income we exclude policy
policies that are cancelled in the first
30 days after issue fundamentally the
success of our business depends on our
underwriting rigor and our ability to
continue selling policy I’m not going to
play this customers Keep Their
policy over time now this bill I don’t
know what’s going on with this company
we have continued to do so but I’ve
never seen that before again auditing
yourself in of a short report very re
from policies that have been enforced
for over this is the fuzzy Panda company
please be our first year renewal Gap
premium page under the financial reports
and other financial information in the
investor section of our
website now the more than 11,000
independent agents who sell American
Income policies offer products designed
to help families make tomorrow better by
working to protect their financial
future each agency office has a
structured hierarchy whereas agents
above the writing rece an override
commission paid by the company while
there is a hierarchy there is no
literally dropped almost 10 bucks that
announc customers to pay now start make
it first move up to continue There is no
third party payer of premiums it is
important to note this business model
has stood the test of time and is common
in the industry American Income realizes
revenue and profits only when these
customer pay their premiums over time we
have generated consistent growth
providing long oil popping right now
about to breaking out a history of
integrity in our business practices and
principles while providing our customers
with financial protection when it
matters most as well as job
opportunities for agents small business
owners and employees to build Financial
Security now these agents are
independent contractors in the agency
offices or independent businesses not
withstanding their independence Globe
Life takes unethical agent conduct
seriously and has measures to detect and
deter actions that are inconsistent with
the company’s
values including among others American
Income has internal controls and
monitoring processes in place to
identify potential agent misconduct M
monitors relevant data metrics for each
individual agent to identify and assess
Trends regarding unethical or fraudulent
business practices including data
related to policy laps and
persistency now our annual policy count
and face amount laps rates are disclosed
in our regulatory filings and and our
quarterly premium enforce lapse rates
are disclosed each quarter in the
supplemental financial information we
provide these controls also includ
blackground checks on all prospective
agents agents who contract with American
Income must have a valid license issued
by the appropriate State Departments of
insurance who have their own processes
for determining one’s suitability to be
a licensed insurance agent American
Income has controls to validate the
indentity and legitimacy of the sales to
the customer including conducting
quality assurance calls to verify new
applications and when complaints are
raised including complaints alleging
fraud deceit unethical business
practices or other misconduct American
Income has a dedicated group responsible
for investigating these allegations
American Income has not hesitated to
take disciplinary actions against agents
and agency owners where warranted
including termination and notice to the
appropriate regulatory bodies indeed the
short seller’s report relies heavily on
allegations by a former employee who
following an internal review was
terminated for cause based on violations
of the company’s Poli remember we saw
this just a couple days ago remember I
called into the company this matter is
the subject of pending litigation the
company’s investigates complaints when
they are received and where appropriate
authorizes independent
investigations the report also contains
allegations regarding robbery and
Kickback schemes these claims are based
on a lawsuit that was filed by an
insurance licensing exam test prep
company this lawsuit was dismissed by
the US District Court for the eastn
District of Texas American Income does
not contract with or recommend any test
prep companies to prospective agents and
we’re not aware of any bribes or
kickbacks to the company
Executives additionally we want to make
clear that the projections and guidance
we will be providing on this call today
incorporate our current view based on
our knowledge of the business and the
information we have at this time now
with respect to our insurance operations
I’ll turn the call back over to Frank
thanks Matt in our life insurance
operations premium revenue for the first
quarter increased 4% Cal yearo quarter I
think they just got all the
drama I want to hear the questions but
they said they don’t they’re going to
not answer the questions someone’s going
to try for the
driven by strong premium growth in both
our American Wild divisions they’re like
yeah we’re going to audit ourselves toow
between so we won’t talk about that but
then the sexual harassment is done and
then other lawsuit about the
sales practice is good we don’t think
the government is going to sue us at
this
time any guar
3% health insurance 10 minutes premium
grew 6% to $341 million and health
underwriting margin was up 3% to $94
million for the year we expect Health
premium Revenue to grow around
7% at the midpoint of our guidance for
the full year we expect Health
underwriting margin to grow between 5
and 6% and adds a percent of Premium to
be around 27 to
29% the final Tri agency rule regarding
various health plans was finalized with
minimal impact to the supplemental
health products we sell and therefore to
our business the final rule requires an
additional consumer disclosure which we
will Implement as
required administrative expenses were
$80 million for the quarter up 9% from a
year ago as a percent of Premium
administrative expenses were 7%
consistent with our expectations and
compared to 6.7% a year ago for the year
we expect administrative expenses to be
approximately 7% of Premium higher than
2023 due primarily to continuing
investments in technology as we
modernize and transform how we operate I
will now turn the call over to Matt for
his comments on the first quarter
marketing
operations thank you Frank first let’s
discuss American Income Life at American
Income Life Life premiums were up 7%
over the year ago quarter to $414
million and life underwriting margin was
up 7% to $187 million in the first
quarter of 2024 Net Life sales were $97
million which is up 177% from a year ago
quarter primarily due to growth in agent
count average producing agent count for
the first quarter was
11,139 this is up 15% from a year ago
this is another strong quarter yeah
apple into the High I mean spy still
holding up bonds came down a little bit
but Market making it way after selling
and then you got Euro close in 8 minutes
kind of like yesterday’s preo move
remember that 15 minutes ahead it
started to run up and then right after
close we took off so again 5078 is your
squeeze level Apple breaking out right
now $22 million and net Health sales for
$8 million up 7% from a year ago quarter
due primarily to increased agent
count now as a reminder we report on
sales after the policy has been through
our quality control and underwriting
processes as we have previously
discussed we continue to make
investments in technology to enhance our
business one of these Investments is a
new business and underwriting platform
for our life business at Liberty
National which we implemented toward the
end of the first quarter as a result of
this system implementation our policy
issues be temporarily slowed down now
I’m pleased to see that the amount of
business submitted from the field to the
underwriting department is up 11% from
the prior year quarter now I anticipate
as we finalize our transition to this
new system our throughput of policies
will return to how do I decide The
Squeeze level CU it’s a breakout point
and there’s no other levels there and
last time we flushed below there that’s
what killed us after 5100 we continue to
be proud of the strong agent count
growth at Liberty
National at Family Heritage Health
premiums increased 8% over the year ago
quarter to $103 million and health
underwriting margin increased 133% to
$36 million net Health sales were up 11%
to $25 million and this is due to
increased agent productivity enabled by
our investments in technology the
average producing agent count for the
first quarter was
1,295 approximately flat from a year ago
Family Heritage continues to focus on
agent count and middle management growth
now let’s discuss direct to consumer in
our direct to consumer division at Globe
Life Life premiums were flat compared to
the year ago quarter at $248
million while life underwriting margin
increased 4% to $59 million Net Life
sales were $29 million down 12% from the
Euro quarter and as we have previously
discussed not as cool as my AI but
boring customer inquiries as we have
reduced breaking out certain campaigns
did not meet our profit objectives we
will continue to focus on maximizing the
UN I want to hear the questions I want
to see what they’re by managing ading
distribution cost associating with
acquiring this new business Additionally
the direct to Consumer Channel provides
critical support to our agency business
through brand Impressions and the
generation of sales
leads now let’s discuss United americ
General agency here the health premiums
increased 7% over the yearo quarter to
$142 million Health underwriting margin
of 12 million is down approximately $1
million from the year ago quarter net
Health sales were $16 million at 7% over
the year ago quarter due to strong
activity in the individual Medicare
supplement
business now let’s discuss ped
projections now based on the trends that
we were seeing in our experience with
our business we expect the average
annual producing agent count trends for
2024 to be as
follows at Liberty National mid teens
growth
at Family Heritage low single digigit
growth Net Life sales for 2024 are
expected to be as follows for Liberty
National mid team grow to consum
slightly down net Health sales for
20 C be as follows Liberty National mid
growth Family Heritage low double digit
growth United American General agency
low to mid single digigit
growth now based on very recent events
we are actively evaluating the impact on
ail’s agent C coming back to the audit
comments on there Netflix on the high
still we have not seen a significant
impact on our agent recr that’s crazy I
think GL is Li majority of our business
produced by agents any negative
recruiting Trends should have a muted
impact on 2024 sales in addition it
should be noted that sales in the second
half of the Year have a diminished
impact on premium earnings especially
since over 80% of American Income life’s
premiums come from policies that have
been ined isn’t that Liberty Mutual I
don’t know that said taking into account
what we know today and the knowledge of
our business at the midpoint of our
guidance we estimate average agent count
growth and sales growth at ail for the
full year to be in the low single digits
and mid single digits respectively we
acknowledge these are estimates and thus
agent count and sales growth could be
higher or lower the range of our
earnings gu you’re popping back up there
on regarding sales and agent count
growth including reasonably severe
scenarios due to the significant growth
in the first quarter our sales guidance
does assume a moderation of sales for
the remainder of the year I will now
turn the call back to Frank thanks Matt
we will now turn to the investment
operations BR it’s popping back up
investment income which we Define as net
investment income less only required
interest was $44 million of $15 million
from the year ago quarter
net investment income was $283 million
of 10% or $25 million from the year ago
quarter the increase is due to the
continued strong growth in average
invested assets higher interest rates
across fixed maturities commercial
mortgage loans limited Partnerships and
short-term Investments also contributed
to the higher growth rate required
interest is up 4.8% over the year ago
quarter same as the increase in average
policy liability
for the full year we expect net
investment income to grow between 7 and
9% due to the combination of the
favorable interest rate environment and
steady growth in our invested assets
especially relating to our CMLS and
limited partnership
investments in addition at the midpoint
of our guidance we anticipate required
interest will grow between five and 5.5%
for the year resulting in growth in
excess investment income of
approximately 25 to
30% now regarding our investment yield
in the first quarter we invested $682
million in investment grade fixed
maturities primarily in the industrial
and financial sectors this amount was
higher than expected to take advantage
of opportunities in the market we
invested at an average yield of
5.86% an average rating of a minus and
an average life of 32 years we also
invested approximately $126 million in
commercial mortgage loans and limited
Partnerships that have debt-like
characteristics and an average expected
return of
10% none of our direct investments in
commercial mortgage loans involved
office properties these Investments are
expected to produce additional cash
yield over our fixed maturity
Investments and they are in line with
our conservative investment
Philosophy for the entire fixed maturity
portfolio the first year first quarter
yield was
5.24% up six basis points from the first
quarter of
2023 and up one basis point from the
fourth quarter as of March 31 31st the
tax equivalent effective yield rate on
the fixed maturity portfolio was
5.25% including the cash yield from our
commercial mortgage loans and limited
Partnerships the first quarter earned
yield was 5.46%
invested assets are $21.4 billion
including $19.5 billion of fixed
maturities at advertised cost of the
fixed maturities $19 billion are
investment grade with an average rating
of a minus overall the total fixed
maturity portfolio is rated A minus same
as a year
ago on fixed
maturity Investment Portfolio has a net
unrealized loss position of
approximately $1.4 billion due to the
current market rates being higher than
the book yield of our Holdings as we
have historically noted we are not
concerned by the unrealized loss
position as it most as it is mostly
interest rate driven and currently
relates entirely to bonds with
maturities that extend beyond 10 years
we have the intent and more importantly
the ability to hold our investments to
maturity bonds rated Triple B comprise
47% of the fixed maturity portfolio
compared to 51% % from the year ago
quarter while this ratio is high
relative to our peers we have little or
no exposure to higher risk assets such
as derivatives equities Residential
Mortgages real estate equities Clos and
other asset back Securities held by our
peers we believe that the Triple B
Securities we acquire generally provide
the best risk adjusted Capital adjusted
returns due in part to our ability to
hold Securities to maturity regardless
of fluctuations and interest rates or
Equity markets below investment grade
bonds remain low at $542 million
compared to $596 million a year ago the
percentage of below investment grade
bonds to Total fixed maturities is
2.8% at the midpoint of our guidance for
the full year we expect to invest
approximately 1 to $1.2 billion in fixed
maturities at an average yield of 5.6 to
5.8% and approximately $4 to $500
million in commercial mortgage loans and
limited partnership Investments with
debt-like
characteristics at an average expected
cash return of 8 to
10% as we’ve said before we are pleased
to see higher interest rates as this has
a positive impact on operating income by
driving up net investment income with no
impact to our future policy benefits
since they are not y Sherwin Williams
That’s flipping now I will turn the I
they might be having their conference
right now too and I don’t I think it was
mutate again he was talking like hell to
maturity and bond first let me spend a
few minutes share repurchase program
available liquidity and capital position
now he’s going to talk share repurchases
began the year with liquid assets of 48
million and ended the quarter with
liquid assets of approximately $66
million slightly higher than the $50 to
$60 million that we have historically
targeted in the first quarter the
company repurchased almost 128,000
shares of glob life Inc common stock for
a total cost of approximately $16
million at an average share price of
$22.13 thus including shareholder
dividend payments of $21 million for the
quarter the company returned
approximately $37 million to
shareholders during the first quarter of
2024 the amount of share repurchases
during the first quarter is lower than
we had anticipated solely due to the
evaluation of a potential acquisition
wherein we paused share repurchases
until a conclusion on the acquisition
was reached we have decided not to
pursue the acquisition and as such
intend to continue repurchases as soon
as
possible in addition to the liquid
assets held by the parent the parent
company generated excess cash flows
during the first quarter and will
continue to do so for the remainder of
2024 parent company’s excess cash flow
as we Define it results primarily from
dividends received by the parent from
its subsidiaries less the interest paid
on debt we anticipate the parent
company’s excess cash flow for the full
year will be approximately $450 to $470
million and is available to return to
shareholders in the form of dividends
and through share
repurchases excess cash flows in 2024
are estimated to be higher than those in
2023 primarily due to higher statutory
earnings in 2023 as compared to 2022
including the $66 million of available
liquid assets at the end of the quarter
along with the 390 million to 4110
million in excess cash flows we expect
to generate during the remainder of 2024
the company has approximately 455
million to 475 million of liquid assets
available to the parent for the
remainder of 2024 of which we anti
anticipate Distributing approximately
$65 to $70 million to our shareholders
in the form of dividend payments
as mentioned on previous calls we will
use our cash as efficiently as possible
at this time we believe that share
repurchases provide the best return or
yield to our shareholders over other
alternative
Investments um over other Alternatives
thus we anticipate share repurchases
will continue to be the primary use of
parent excess cash flows after the
payment of shareholder dividends at the
midpoint of our earnings guidance we
anticip ipate approximately 350 million
to $370 million of share repurchases for
the year with approximately one half of
that occurring in the second quarter and
the remainder in the third and fourth
quarters that said current market
conditions and should they remain
favorable we will clearly consider
accelerating repurchases and may
consider accelerating some portion of
our anticipated 2025 exus cash flows
into 2024
yeah so you’re saying they’re using
BuyBacks to buy insurance subsid good
they’re back up they’re back up to when
they sold at the audit level they’ve
raised the BuyBacks I think 40 to 50
million higher than expected life tar
cons company Action level RBC in the the
acceleration of it I think is% giving
you a positive reaction at the end of
2023 our Consolidated RBC ratio was
34% at this ratio subsidaries had at
that time let’s see I just want
the low end of our Consolidated RBC
Target now with regards to and spy
didn’t hit a new high off of any of that
we got Euro close already too man so
you’ve lowkey been selling off
information available on our Disney
Warner and talks to Ren NBA broadcast
rights Global Life breaking distrib
Channel as a reminder in the third
quarter of
2023 we updated both our life and health
assumptions and and there have been no
changes to our long-term assumptions in
the period since no assumption updates
were made in the first quarter of 2024
and we intend to update life and health
assumptions in the third quarter of this
year in addition to the impact of
assumption changes the remeasurement
gain or loss also indicates experience
fluctuations for the first quarter of
2024 life policy obligations were
favorable when compared to our
assumptions of mortality this is the GL
glob life conference the reement gain
related this was the company remember
fuzzy Panda dropped the
Moston years and now it’s bouncing up so
again it was at $100 when the report
came out still at 70 but honestly it’s
quite interesting we’ve been listening
for like 30 minutes or so right now 23
but sorry has3 which we believe is due
in part to the seasonally High first
quarter life claims versus the rest of
the year we continue to be encouraged by
the recent short-term Trends and policy
obligations experien the range of
earnings guidance encompasses the
possibility of future favorable
remeasurement gains through
2024 the recent experience as well as
our life mortality Trends in the first
half of 2024 will inform the third
quarter 2024 update to our endemic
mortality assumptions as we noted on our
last call our emic mortality assumptions
currently assumes returning to mortality
level slightly above pre-pandemic levels
over the next few years recent Trends if
they should continue May indicate a
quicker recovery than our current
assumptions this is weird bro finally
with respect to earnings guidance for
yeah he just glossed over do you realize
what he just said4 reestimate net
operating earnings I hate this stock
market didn’t hear $1.50 see listen He
Slipped that in on y 10.3% growth at the
midpoint of our range awkward right $175
Point
midpoint is higher than our previous
guidance and talking about death
investment income result and how it
makes them money and how that factors
into their guidance 37 million talking
return he’s not talking like return to
normal inventory not these like
mortality rates back to prepandemic
levels thank you Tom those are our
comments and we’ll Now open up the call
for questions cuz that means more or
less death thank much sir it impacts
their business Ladi and gentlemen as a
reminder if you have any questions
please press star one on your telephone
keypad please also ensure your mute
function is not activated in order to
let your signal reach your
equipment our very first question is
coming from Jim buer of JP Morgan please
go
ahead is this
bull um so first just had a question
on what is your rough what’s your rough
idea on the timing of the Wilmer Hill
investigation
and then um what’s your process going to
be going forward in terms giving
investors updates so it’s re which
should be assumed that once something is
is completed or if you get a request
from a regulator you’d actually put out
a filing or is it going to be more uh
around scheduled earnings uh calls or
other
events yeah hi Jimmy um the the
investigation um from wmer hail um will
be happening in the near term and will
be providing updates um you know as
appropriate on that if there’s any
material updates that are needed
obviously we’ll we’ll put that out
through some type of a an AK uh you know
filing um otherwise it’ll be more
through our normal
channels and near term is it like one a
quarter or so or is it even faster or
slower just trying to get some sense but
I think is in as we mentioned earlier in
respect of the ongoing um activity don’t
have a specific time frame on that we’re
not really going to
comment okay um and then in terms of the
impact on your business thus far I
realize two weeks is too short of a
period but um and you’re implying that
sales thus far have not been affected
but are there other parts of your uh
business that are affected um where
you’ve seen an impact either uh on
persistency of policies or retention of
Agents um or any other aspects of the
business where you’re uh meta
long term from what’s gone on over the
past couple of weeks yeah as i’
mentioned in the earlier remarks is
we’re really not seeing an impact um you
know the first place I think it would
show up would be in the agent um
recruiting Pipeline and we’re not seeing
an impact there as well as from a
customer perspective we received very
limited out input from that you know for
point of reference we receive about 40
to 50,000 calls a day and um in the
early days receiving three four or five
calls
stting we just listen this um we also
have agent call in line moving baby this
is a glob life conference call the same
a lot of Updates this is the stock that
dropped like 60% two weeks ago off of
the short
report and the blackout on your BuyBacks
is that expiring or uh that goes away
tomorrow or is it later on today or next
yeah Jimmy that goes away just in the
normal course um you open uh tomorrow to
be able start buying back
shares okay thank
you thank you sir ladies and gentlemen
if you’re a question has being answered
you may remove yourself from the queue
by pressing start two our next question
is coming from Ryan Krueger calling from
KBW please go ahead I thought they were
about to end it there hi thanks good
morning my first question is can you
help us un can you quantify the typical
amount of capital strain on your free
cash flow from new business in a in a
given year I guess what what I’m trying
to understand is I’m trying to separate
the amount of ince free cash flow you
generate versus the typical new business
strain so anything you can do um to help
um quantify that please yeah Ryan um
thanks for the question you know on
prior calls I’ve actually given a rule
of thumb kind of along those lines that
for the agency channels um we expect um
statutory strain um of about 40 to 50%
of any increase in sales so that would
work the same way as if we had a
reduction in sales so that gives you a
good frame frame of reference for uh
determining
that got it
um that’s that’s for the change in sales
but what what about if if you had no new
sales at all can you give any sense of
what how much higher your free cash flow
would be yeah the same the same rule of
thumb works so if we had no sales you
know basically about half of that would
be an increase in excess cash flows and
the important thing to not is those
would be increases in statutory earnings
in the current year which would then be
excess cash flows in the following year
to the at the parent to the parent
yeah got it thanks and then thanks maybe
it will be temporary but given where
your stock is currently trading in in
the depressed valuation multiple would
you consider looking into um an enforce
reinsurance transaction to monetize some
portion of your existing enforce value
to then lead to additional buyback
capacity to um take advantage of the
differential and the the price you may
be able to get on a transaction like
that versus where your stock is
currently
trading yeah right I think we will take
uh you know a look at at various options
of you know how we might uh you know
generate some financing for that or just
and see if that makes sense would be one
of the opportunities that we would uh
look
into okay great and then just one last
Quick One what can you give any sense of
the mix out first year commissions
versus retay that’s Gucci carrying size
kind of how meaningful R commissions are
they the vast
majority stuff like that any clothing
retailer they are giving out guidance
now I I do want to say auction at I
don’t have that r top do want to say
that the majority of it is is first year
commissions but um want to be careful
with that yeah I’d agree I think um I
mean I think we could look at the the uh
renewal commissions and our statutory
filings to give some insight there but I
would think you know renewal commissions
are you know less than 10% of a renewal
premium so that might be a good frame
frame of
reference okay great thank you
thank you Mr Krueger when now move to
West carmichel calling from autonomous
research please go
ahead hey good morning and thanks for
taking my question uh you talked about
in your prepared remarks potentially
accelerating the buyback and bringing
back maybe 2025 does that decision
depend on the outcome of any review by
wmer hail or or regul
Regulators uh no I mean for the what
what we know today um you know we’re
looking at just our the timing of you
know resources to be able to uh
accomplish any of that buyback and
obviously we’re looking at market
conditions as well and so if we have an
opportunity to be buying back shares
clearly less that our book value um you
know we believe that that’s a very good
answer for our shareholders and a very
good return for that um that money now
you know typically as you know our his
historic buyback methodology has been
pratic over the years as we receive our
dividends from our subsidiaries we kind
of and we get that uh over the course of
the year and we kind of use our our CP
balances to kind of help even that out
uh some of the timing of that over the
course of time um and so All Things El
being equal we would be kind of doing
that rally throughout the remainder of
2024 there was that news in the morning
with the affirm stuff and it so we’ll be
looking
at r that and depending on uh the timing
of of just being able to to um to to
fund some of
those got it and and I guess the press
release mentioned that you were blacked
out of repurchases for part of the
quarter you talked about that a little
bit but can can you just confirm was was
Globe the potential acquirer of
something and and maybe anywhere color
you could provide on that would be
helpful yeah no we were we were looking
at an opportunity where we were going to
be the acquirer uh early in January um
you know we reached a um a decision
where you know the the transaction would
be material enough and it was probable
enough that to you know to actually
happen that we uh thought that we should
um put ourselves into a blackout period
with respect to the repurchasing of our
shares um as Tom noted in his comments
um you know we’re no longer considering
that opportunity of course during the
month of April uh here you know for the
time period prior to our call where
we’re not we’re in a normal black out
anyway because of uh you know knowledge
material knowledge that we have around
earnings and such um so um as and then
as I mentioned that Jim and you will be
coming out of that
tomorrow they’re gonna buy
somebody thank you sir do some I’m
finishing move now to John darn calling
from Piper Sandler please go
ahead thank you for the opportunity and
good morning uh did guidance for admin
expense include the cost of the Wilmer
Hill investigation
I would say that the um overall
estimates of um everything that we know
today would be included in our overall
guidance of what we’ve have
given okay and then when you looked at
the Beasley transaction a few years ago
did that cause a repurchase blackout
during that trans that period just
trying to get some sizing on what you
were looking thank you yeah it did it
was just a shorter period of
time thank you for
that thank you sir our next question we
coming from Edie Z Greenspan calling
from Wells Wells Fargo please go
ahead hi thanks um good morning um my
first question I guess is also on the
potential m&a deal did you guys choose
to walk away um you know because you
were no longer interested in the
property or did you walk away because it
was a function of where your stock price
was um when you made the
decision yeah um we did end up walking
away primarily as a result of the the
stock price of where we’re at today as
we got to looking at what would be the
best utilization of our funds uh for our
shareholders and being able to give the
the highest and best uh risk adjusted
returns to our shareholders uh we did
make the um decision that
um repurposing any uh acquisition funds
if you will you know toward the purchase
of our own shares would be in the best
interest and then can you just remind us
like some properties I guess that you
would you know from an m&a perspective
find attractive I mean I guess obviously
the buyback it sounds like you guys are
on hold for a while with deals but just
as we try to get a sense of maybe what
you might have been looking at in the
quarter yeah as far as m&a goes we
typically look at um opportunities that
are in our markets we like the middle
income Market we also like the products
that we distribute in the form of the
risk profile the profitability profile
of those so basic protection lie for
supplemental health products we also
like um exclusive uh distribution um or
uh opportunities from a direct to
Consumer perspective and so our current
business model as that’s framed up is
that’s the lens we look through as we
think about m&a
opportunities thank
you thank you ma’am we’ll now go to
willma buris CL from Raymond James
please go
ahead hey good morning um could you talk
a little bit about what drove up the
2024 excess cash flow uh versus the
prior
guide yeah well it really was just a
little bit higher statutory earnings as
we finalized the earnings from 2023 um
we’re seeing a little bit higher
subsidiary dividends to 20 to to the
parent yeah well just think about the
timing of that that our statutory blue
books for 2023 really don’t get fully
completed until sometime in uh in
February so at after the time that we
have that first quarter call yeah and
what I’d add is you know I think that’s
cons consent with the favorable
mortality results that we saw in the
thir third and fourth quarter of 2023 as
well and following up on an earlier
question maybe just could you talk a
little bit about um you know you talked
about bringing forward some 2025 excess
cash flows but is there any way to
quantify that amount or how that could
work right now Wilma there really isn’t
uh we’ll take a look at the situation
you know of of as we you as we think
about where the share price uh changes
over time and and just in our
availability of cash flows and and uh
you know we’ll um uh we’ll just have to
to look at that over the and we should
be able to get more update on that
clearly on our next
call thank
you thank you very much our next
question will be coming from Tom
gallager calling from evercore ICI
please go
ahead uh good morning the um just first
first a question just on the doj
subpoena um curious like why there’s any
involvement by the
do favority considering I thought the
domain of sales practices of Life
insurers was State Insurance Regulators
not any kind of federal body but um you
know any any perspective on that of
what’s going on here and and is there
subpoena in coordination with insurance
Regulators or it just is it just stand
alone as I’d mentioned earlier you know
that’s a subject of an ongoing matter I
just refer you back to what we said
earlier in our prepared remarks related
to our assessment of the doj all right
we’re going to wrap it up there bro they
said a lot of things so again the main
thing if you guys don’t know why we
listen to that I didn’t want it started
moving they first they had earnings this
morning they were barely up 1% at open
then all of a sudden they went up like 8
or 9% uh or like 8% and then the report
started and then it started going all
over the place but this stock bro it had
like a fif the biggest stock drop ever
in its history and they’ve been around
for like 40 50 years or something like
that a little longer but there was that
short report fuzzy Panda so they were
going over the conference call and then
they talked about it and they said
they’re not going to answer questions
and they’re going to uh they’re going to
audit themselves and then they mentioned
like three other cases they talked about
BuyBacks favorable mortality rates and
and a couple of other things but I think
it was getting to the end of the
questions there it started to make a
move but it’s still up and there’s I
mean it’s still 25 bucks to get back up
to that other level still 10 20 bucks
off of the lows so just a wild story but
it was it was I’m telling you that first
like 20 30 minutes of it every couple of
minutes there was a lot of things
Walmart’s down again but I don’t I
looked into Walmart there’s nothing
behind it they’re talking AI powered
forklifts uh I think mizuo was talking
about the uh uh what’s it called the
news on the like by now pay later but
then it was old and then yeah and yeah
the Netflix’s have gone up your Netflix
plays are up like
120 so that’s not bad and then the GE
plays came back up on the call
side but yeah we’ve been here for a
little bit over two hours man I was
doing my stretches towards the last half
of that so hopefully you did your
push-ups but we’re up4 on the NASDAQ
we’re up a little bit more but still a
great day 168 on the Russell spy up one
and then Dow Jones up by. 5% but
somebody said in the chat a little bit
ago they’re like this feels a lot
different than the last couple of days
and it and it does I mean the fact is
you didn’t have any sort of sell You’
had relief you didn’t give back any of
it you got the bonds playing along with
it I mean and you just didn’t have a lot
of news that was you know battering you
and giving you cra crazy reaction so
here we are but we still got a few hours
left uh the Big Driver of the day was
PMI data that literally uh came in
weaker and we just started running off
of it so yeah it feels like no one’s
ready to panic and the other days it’s
like it was the Panic was like slowly
setting in people were telling me that
they wanted to sell their law terms but
definitely today I mean it’s cooled down
especially after yesterday was green too
you know that definitely helps big Banks
face cftc probe of
in swaps and clearing
business don’t know what that’s saying
that’s coming out now I don’t know if
any of the big banks are moving off of
it I don’t think my go plays I don’t
know if they uh I think they expired we
had like 200% then they died it was like
30 bucks though but otherwise I had no
plays on it I didn’t play it during that
I was like bro that’s I’ve never seen a
company audit themselves after a short
report so you know it’s one thing to
have you know you know self- audit
yourself but to in response to a short
report very
interesting so but I didn’t make a play
on
that and then Banks did not move on
those
headlines you think Market will
consolidate it could I mean this could
be a level like this is enough for the
day I mean you still got a squeeze level
right above if people want to hold this
up and then I mean we shouldn’t get any
data but if the bond auction is bad that
could flip things or if we get you know
Global tension updates in the middle and
then by the end of the day you know
everybody’s going to start preparing for
Tesla Visa n phase and then Boeing and
all the other names in the
morning but remember today was a lot of
companies and you you actually got a lot
of support compared to the last couple
of days you actually got you know names
that went up on earnings they did good
against Spotify everything Tech consumer
the defense stocks didn’t do too bad
they may have sold off but like I’m
saying the earnings so far we haven’t
been given any like warning things maybe
the data is moving and maybe opinions
are moving around a lot but so far none
of these earnings are are too different
than last quarter sometimes that’s bad
because it’s not enough growth but at
the end of the day I mean no real
warning signs when it’s said and done
but today was a different day I mean
today had a lot lot of different things
that contributed to it playing out a
little different than the last couple
days or the last
week arm big dump low of the
day let’s see ah yeah they’re down about
two bucks from that level but still up
2.3 on the day uh Intel intels Break
Even they’re the ones a little bit nid I
think was up two they’re up three now so
Chip index still generally
decent Boeing I think Boeing’s gonna I
think Boeing I wouldn’t play it for
earnings I think there’s going to be way
more unless they come out with like a
crazy announcement but for the most part
I think Boeing is going to have just way
more hype and IV because of everything
that’s gone on than any like earnings
will provide it kind of like Tesla and
that’s going to be the weird part with
Tesla because Tesla has the uh what’s it
called they already had the deliveries
Globe Life breaking out though
again and then you’re moving up you’re
about what 30 minutes off Euro close at
is 9
o’ my
brethren if it’s boing I ain’t going
buy a buy share sell a call um maybe if
the premium’s high enough I and I do
think Boeing will have that but then
again I don’t really want to I don’t
want to onb asmi is this
asml hold on I’m getting asml or asmi
quarter 1 orders EU 697 million estimate
was
662 it’s asmi or asml I think it’s asml
maybe it’s just the the letter
capitalized I can’t
tell or asmi what the hell is is it asmi
real I don’t know we’ll see I’ll keep
that
up I hope you’re well first time here
this week I missed you no Diddy no Diddy
man I missed you too it’s only been one
day you know yeah asml those no there
you go it’s popping it just showed up
weird on the tick I like what’s asmi
asml they gave q1 order numbers they
report first quarter 24 expect recovery
in WF spending to gradually pick up in
remainder of year asml outlook quarter
to revenue at constant currency to
increase 660 to 700
million buddy pop is that McDonald’s and
then fizer on the low what happened to
fizer they just
flipped what’s
buddy bule is it buddy or bule no
nothing I can’t find that
sir bunch of value plays flipped red
Phil Morris they had earnings and Ultra
they held
up think he met weed no CU they’re not
even popping
up Tesla tanked and then but you guys
heard that stat right I could tell if
you watch the watch list or not but
Tesla has dropped s days in a row that
was yesterday it’s only done that twice
in its history and the last two times it
went up 50% in two months and then 100%
in two months but literally in its
history it is not really this oh he
meant by do maybe y’all playing y’all
playing like that word game that mashup
game man by do would be the that would
make the most
sense Disney on the high but sml’s
moving off that so again they’re in
Europe they came out with orders here
earnings seems like it was good let me
check what their estimate
was ASL is a chip company
Capital One I put dust instead of D dis
and dust Disney is coming up Morgan
Stanley too it’s another one of them
earnings like last week well they just
came out with some update right now now
I mean literally it’s on the wire right
in front of you or is that ASM no it’s
ASM International no it’s asmi it’s not
asml bro it’s not asml it moved but no
this says ASM
International I think I told you I don’t
know if it was capitalized it’s
ASM it’s not asml no this so this thing
literally just popped up 1% for no
reason computers and people are stupid
there’s because that’s not I mean unless
it wants to move at the market but yeah
that is ASI that came ASM
International two Nano it has
chips ASM ASM i
y That’s your ticker here so I don’t
know may I don’t is this a different
type of stock whatever whatever the [ __ ]
this is but yeah asml just pumping I
don’t know just hook him
up Ethan Allen I remember
that yeah full year 24 growth but that
those numbers are coming out Owen
semiconductor price Target cut by Wells
Fargo well asml is getting volume on
that I don’t know maybe they’re related
maybe it’s a subsidiary it’s related to
chips I don’t know but the other chip
makers are moving around
here some output now you probably could
it literally just popped up like 10 15
bucks Pepsi Pepsi already reported Pepsi
was this morning they uh did good but
then North America I believe was slower
so they kind of were a little hesitant
off of that but yeah so they move 2.5
they pricing in like three or
four thought it was after the Bell no
you’re good it was this morning Apple
said to be developing its own AI server
using tsmc’s 3 nanometer process
targeting mass production was that this
morning we heard something on that so I
don’t know if that’s happening now
City’s on the
high vktx they report I mean vktx is a
bu it’s like a bios that’s either going
to get bought out or not so I don’t
really I don’t even think their earnings
might move the stock but all that
matters is their drug trials and then
whether or not they’re going to sell
it bring back twitch too we’ll work on
it man we’ll see what we could do we’ll
see what we could
do asmi is based in Netherlands it’s so
it’s kind of like asml Netherlands
Semiconductor Company so maybe that’s
why they’re going up but asml is moving
up still asml has literally almost
doubled its gain off of the asmi
earnings oh man JP Morgan CEO says
geopolitical situation is most comp
licated and dangerous since World War
II and then spy working its way back up
Spotify another high we were just
looking at those again those options did
not go up on the two standard deviations
only one and then Netflix is up you have
almost 150% on that play uh 5065 three
points off of the
high J and JP Morgan stands for
Jamie I feel like it always has Jamie
Diamond J JP Diamond Morgan Morgan
Morgan Stanley Stanley Stanley Black and
Decker Decker Decker Decker Outdoors
outdoor sportswar outdoor sports group
sports sports group United they’re all
connected see that I could I just say
I’m going off the last St mugs it’s all
connected I’m telling you know and it’s
all connected to me cuz I made them you
better vote for me okay good here a good
day here a good
day sleepy
Joe I know he died like a dog elbag
Daddy and now Joe Biden sending money to
Ukraine giving the afghanis
guns uh of it I don’t
know it’s it’s complicated if I was in
office it’d be easy but hey good luck
I’ll see you in
November [ __ ]
you Spotify on the high and
DB I don’t like Court I told the judge I
see you you come to maril Lago we could
do proceedings there get a tan this is
it’s it’s
corrupt
politicians working for
politicians I think that’s the same
thing but
hey VY file the S3 up to 300 million
well that’s good and
bad because what they’re they’re already
front running the uh yeah they did is
that
today 300 mix shelf and then common
stock sales for 75 million with
Jeff 2 yeah private
placement I need to check the price but
ideally that just means they’re going to
have a that means they’re going to do
good on the data then but they’re just
front running the dump but then you
already know they’re going to dump
shares
there the Shane Gillis bro that’s how I
got better that’s it I just have to take
his line elb Daddy he died like a dog
once I do that the voice is activated
and then I could become Trump I could
become Donald the 46
47th president that’s all it’s easy but
Joe wants to make it difficult wants to
shut down the Border better yet open it
up let everybody in no
problems like there’s no word called
consequences would you look at
that that’s it man all you got to do all
you got that’s it cgc popping
am Dizzle finally and then Disney so
again a couple of the chip makers I mean
they’re all still holding up a gain some
moving lower or not but we’ll
see we will see up 110 on spot cuse AMD
finally Netflix going up great
everything still holding that relief I
already gave you the update earlier
right I think we only went over once but
again you got you only have uh every
everything’s green it’s like 90% like
literally dowed 21 red nine in the green
NASDAQ 90 green 10 in the red and then
S&P
500 411 green 92
red I’m excited I mean if the Trump
voice gets better we have the Biden I
mean I could host my own debate [ __ ]
that like if they don’t want to debate I
could do the debate and I’m very I look
forward to that you know if Biden
refuses to debate if Trump don’t want to
get on the debate and they don’t want to
give the American people you know like
one of the pillars of an election you
know like a debate I’ll give you the
debate I got you I
could it call me the SC
slamy they call me the
orange orangutang I don’t know what they
call me but all I know is they love me
by my shoes and my
Bibles yeah [ __ ] you what do you want to
talk about I tell you what I talking
about the Border how about we talk about
Ukraine H we could do it man it’d be
good Logan bond welcome back good to see
you again
Logan that’s a good guy I love him he’s
like James but he’s
Logan welcome back
CGI and then cgc again AMD started going
up are you voting for Trump or not I
mean I don’t know I I want to vote this
year um I and it’s just like I still
like RFK and it’s sad because RFK is
starting to pull votes from both of
them I was just saying I was like I
don’t think he’s going to win but like
lowkey the latest poll and and that’s if
you believe polls that’s up to you but
apparently he’s pulling V votes from
both of them uh but I do want to vote
this year it’ll be my first time so I me
excited but yeah I think uh you know the
last couple years have driven me to
political action you know cuz other
otherwise I was just blaming you guys
you know cuz I never voted I said you
wanted this y’ I voted for this man so
you know
but I guess I’m back in
now my vote does not matter that’s what
they taught me but you know I I got I
learned that with my political science
degree but you know we we live in a a
very influential world you know you got
people being brainwashed left and right
on social media you know the the
political power goes a goes a long way
so you know I’m I’m a double I think you
are important so I think all of you
should vote and uh whatever you like and
support and your stances it’s it’s very
polarized and and a lot of political
identity involved but you know I I
really do think uh despite
the logic of votes quote unquote not
mattering I I I think you live in a
different era and again I think your
vote and the influence and the way
people like demand that you talk about
it too if you have’t know like you know
it’s it has a lot of pull nowadays so y
should
vote nothing beats the russan of talking
trash at the polls I’ve never got to
vote do you do that y’all mean to tell
me you could go to the polling booth and
like beef with the other
team that’s crazy I didn’t know it was a
team sport but still that’s
nice JP Morgan CEO says there is a
chance that stagflation can happen again
oh and then Edward Life Sciences popping
a little bit this is lowkey of value
play remember we flipped this beginning
of the year actually they’re kind of
back to that
level you’ve totally talked [ __ ] at the
polling place stop it can you tell me
this story like what do you mean like
like you’re waiting in line and like
some dude’s wearing like a trump hat or
like somebody has like a Biden shirt on
with the laser eyes and then you’re like
screw you like how does that how does
this happen again I’ve never voted so
you I don’t know how you could wind up
in that
situation Netflix Netflix doing good
baby you just troll them you just wear a
Maga
hat I think you get yeah can’t you get
charged for voter intimidation
that’s what I’m saying bro I’m like hold
up here I’m like what how does this
happen how do y’all get into these
That’s The Rush that’s the rush I’m
talking
about
man we already have apple Tesla’s doing
good again Netflix as well the Netflix
plays are up 160 so do as you please
with those
what has politically motivated you just
everybody I just I feel like we live in
a very different world there’s a lot of
political ideology everybody argues
about stuff the world’s going ape [ __ ] I
mean your currency and price stability
is a joke uh and if it’s one thing in
the United States uh you should see all
the other countries uh but yeah it’s
just it’s so much and in the way
everybody is man it’s I mean I feel like
this is a it’s a it’s a point in history
we’re at where it’s it’s definitely uh I
I wouldn’t call it a paradigm shift but
we’ve we’ve definitely entered a new era
um again I mean it kind of does feel
like the
70s let’s see if spy me bonds held up
all day it’s good for now 5067 GE is
breaking out now so GE plays are up GE
plays are up
215% 38 cents to
a115
[Music]
nice how can you say it feels like the
70s if you didn’t live through the 70s
well that’s good that you know I didn’t
live through the 70s so hopefully you
would have extended me like the benefit
of the doubt but uh what I mean is like
more so just the feeling not like living
through it but the last time there was
you know changes big
governmental societal monetary stuff
type beat like the 70s Breton Woods all
of those things you’re doing it again
here again last time they printed this
much currency the last time real estate
prices ever got this expensive all all
of these
things and then just literally I think I
think golden bonds tell the
story Diamond even if we get into
recession us consumer is in good shape
smci erased half the
gains where’s Jamie
talking and then dude you’re two point
you hit a new high four minutes
ago Jason Snipes buys Uber Uber’s on the
high just literally I just saw it on
CNBC and then yeah now it’s good
literally cnbc’s talking about him right
now
the volume well yesterday’s volume was a
little lower too so so far these reliefs
ahead of earning I mean you could see
yesterday was definitely the lower end
of the last couple of weeks but right
now 27 million by hour three is is not
that bad if anything it is uh it is like
legit it’s just
average still bam from twitch well I
love you Zachary and I know you love the
the twitch but I’m unbanned on Twitch
I’m just Banning twitch now
myself you see so they so they they they
banned me but now I have to ban them
because like I was saying uh you know it
was just that’s at that point you know
if like if if a YouTube ain’t get banned
and only twitch did that was like that
was a self-inflicted twitch wound so I
don’t know what what is expected it was
just self-inflicted did so I don’t know
how to you know I got to that’s so we’ll
let it let it work its way way
out I don’t think I get your Bezos bucks
you will have to
resubscribe but then again you know my
loss too I guess my loss
too we all lose see we all lose
everybody’s a loser when we don’t work
together nobody benefits that’s it you
don’t get easy platform you don’t get
less ass everything you know what I’m
saying everybody loses I don’t get free
Bezos bucks I don’t get my backup
Channel we all lose we all lose in this
life if we don’t have each other’s backs
you know what I’m saying we all we all
lose if we don’t have each other’s backs
amen yeah Uber see me see mention just
pop Mattel waking up here a little bit I
don’t know if that looks like CNBC too
they’re kind of getting the volume there
on the
highs oh why did nightbot delete you oh
you were 250,000 in line to get the
cyber trucked I got an email I can order
it
now yeah because they’re they’re trying
to upsell you that’s what they did to me
and that’s it’s kind of stupid Tesla
popping
so like are they offering you the base
model like the car that you ordered or
are they saying we’ll give you uh we’ll
give you it if you buy the foundation
Edition because I think that’s the
biggest scam I love the Cyber truck I
would buy one in a heartbeat but like
I’m not spending
$140,000 on that car you have me [ __ ]
up yeah yeah it’s a foundation series
yeah that’s what they did to me
too like it’s just not it’s more than
it’s like 38,000 I think when it’s all
said and done it’s like the grand total
is like 130 140 and I’m like dude
no you seen the black one in the Metro
bu and future music video no I’ve seen a
lot of cool ones already I’ve seen PE
people put in like wire like wire rims
on them you know like 100 Spokes and I’m
like oh my gosh I love it I love it they
look beautifully ugly it looks like me
the car is me it’s ugly but but [ __ ]
sexy you know what I’m saying I don’t
know how to explain it like bro like
ladies they love me but I look like a
lizard the Geico lizard it’s just like
the Cyber truck it’s so ugly but it’s is
beautiful you have no idea I love it I
want one I want a matte black one with
like 26 in wire gold rims on it like a
old school Impala do you know what I’m
talking about that’s what I want with
white walls on it that’s what I want my
cyber truck to look like yeah I want all
gold 26 in wire rims on white walls with
a matte black cyber truck yeah some gold
datton there you go exact bro it’s
beautiful I saw one like that and I was
like oh
oh it was clean
bro it was yeah floating center caps
uhhuh you already
know
uhhuh am I team Drake or team Kendrick I
think Kendrick is a better
rapper but Drake destroyed his ass his
little five like Drake dissed him so
good Drake got me making front of short
guys and I’m [ __ ] shorter than
Kendrick you know what I’m saying like
Drake’s a real homie Drake said 57 in
the eyes of someone who’s 5’6 57 is a
compliment you know what I’m saying like
he Drake called him 5 foot s I’m like
wow Drake that’s [ __ ] that’s even
like Drake was even being nice to him on
that when it’s all said and done but n
Drake destroyed him Drake destroyed him
I’m making fun I’m calling I’m like
listen pipsqueak I call I’m calling
short guys pipsqueak now I’m shorter
than all of them all because of Drake
All Because of Drake
chopping give me 50
[Music]
a drake did not destroy him his Ghost
Rider did he’s I mean maybe whatever he
did though it was good it’s good GL
still going up 14 now dude we saw this
at 2% then 8% then 11 now 14
I heard the quo this it was just
funny but then it just got weird when
like when Chris Brown started making fun
of you for beating up girls and then
your name is Chris
Brown I see he lost me after that but I
like that it wasn’t subtle I like it was
very straightforward you know I liked it
but at the end of the day I’m like you
beat the [ __ ] out of Rihanna
hold you beat the queen and now you it’s
crazy Tes is breaking out Groupon on the
high Apple stop moving where’s nivd done
the gang remember AMD was running up a
little earlier
big bank said to face cftc that one came
out earlier that didn’t move anything
bro Tesla’s running and then spy might
break out and then those GES are up just
under 300% you’re one point off a new
high remember 5078 that’s the level and
honestly you have so much time left it’s
disgusting so lowkey as long as we keep
there hasn’t been the fat pullback today
so give that some some Runway to think
about but other than that you’re holding
up good and like I was saying you know
that 50 78 why that level so important
cuz one this is where we closed on
Monday after the selloff last week from
above 5100 but like we haven’t been
above 5078 since we dropped below it and
then you start pulling this chart out
like again 5078 you haven’t even man
when was the last time you were
here drop and give me 50 yeah so last
time you were at 5078 this was the Gap
from uh beginning of March and then this
is where you bounced up off of at the
end of February and then right around
where you closed after Powell on the
upside so this is even like low-key a
Powell level at 5080 right above it so
there’s a lot of data points writing
around here and ever since we sold off
so that’s why I’m saying if we could
break break that on the upside I think
that would give a lot of optimism or at
least just help out some of this
continued optimism you’ve been been been
dealing
with Dro and give me 50
hey I like I do like Drake’s Ghost
Riders man how come y’all never blame
like Tom Brady we never blame the
coach I’m just Clowning with y’all too
right you know I hope some of y’all I
know rap beef gets people taking it mad
serious so I hope none of you take any
of this too seriously because some of
y’all are getting worked up on it but
you know what I’m saying like the coach
come up with the play I’m just saying I
just like the art man I like how it all
came out but I need to go to the
bathroom follow me on Instagram and it’s
also hour number three baby so get the
body moving let’s let’s get some
push-ups in let’s relax the shoulder
interestingly we have the 2year
yield under 493 four R Point move lower
of course we have that auction a little
bit later in the hour starting around
1:00 today a lot hinging on the appetite
there at yields at this level the 10e
yield at about 457 on the day three
basis points lower the Bloomberg dollar
Index kind of stalling out here after of
course a significant rally we’ve seen
this year and gold here on its second
day of declines they’re roughly flat now
on the day it’s still risk on in these
markets now let’s take a look at some
midday movers on the equity side lots of
earnings Spotify the paid subscribers
Rose 14% year-over-year to $239 million
making it a profitable first quarter the
streaming platform plans to raise prices
again this year Spotify shares up more
than
16% another earnings reactions we’re
watching this morning GE raising the
full year profit guidance it sees
surging
G now up more than
7.5% on the day halberton posting it
best earnings for the first quarter
despite uh shrinking business in
fracking it’s the best performed in like
12 years but you’re still seeing shares
taking about a one half of 1% decline on
the day here JetBlue also on the decline
Revenue this quarter will fall more than
analysts expected as excess flying
capacity holds down fairs in Latin
America which is a crucial region for
the carrier and GM raised its 2024
guidance by $500 million as robust Truck
Sales offset concerns around EV demand
and of course speaking of ev’s Tesla
investors are awaiting earnings after
the Bell the stock tumble has been
nearly 19% over the past 7 days and
that’s amid doubts about its business
strategy as those sales of electric
vehicles have slumped and Elon Musk is
expected to announce plans to scrap the
roll out of a trooper model of a Tesla
and focus instead on developing a fully
self-driving vehicle we’re going to
discuss these big earnings ahead with
new Brer Burman senior analyst Dan flax
a lot going on today but perhaps start
us off with Tesla given that it’s such a
moment for the
markets good good to be with you as
always I think what we’re seeing is that
Tesla amongst others is is facing
pressure from from a slowing consumer
clearly with higher rates uh that that
impacts purchasing if we think about the
near- term I it’s clearly going to
remain difficult what we’re focused on
is how this company can continue to
innovate really transform and and
continue to strengthen the user
experience bring down costs to help
Drive affordability and then as we think
a little bit further out there’s there’s
potential for incremental Revenue as as
they uh continue to offer new services
like full self-drive um and hopefully uh
get better adoption of that over time
and so you get additional revenue
streams so we like it here with a 12 to
24mth Horizon while while of course
appreciating that the near-term is
difficult well the near-term is
interesting because after it saw more
than 40% decline through yesterday you
are seeing a little bit of the relief in
the stock today as we head into that
critical earnings period for this
company what changes the narrative do
you worry that there’s more of a
downturn ahead or do you buy at these
levels I think the stock is attractive
at these levels when we look at Tesla
and really the the broader technology
and and Industrial technology space we
we try to selectively identify companies
that have differentiated intellectual
ual property those that can execute on
their product cycles and continue to
invest and innovate to drive future
growth and so I think what we’ll see
from Tesla is really this this
continuation of transforming the Driving
Experience uh delighting their customers
in new ways I I I think that even though
uh competition is fierce of course
there’s cyclical headwinds the company
will be able to emerge stronger from
this period And if they’re able to do
that they will will of course create
value for their customers and I think uh
their shareholders as well as we think
about the next uh one to two years when
you think about stocks outside of Tesla
Beyond this in the Magnificent 7 where
are you finding the most value given
kind of the correction we’ve seen more
recently in
valuations we continue to like Google
and and there’s there’s a lot of uh
focus on the competitive Dynamics in
search in terms of what Microsoft and
and chat GPT can do but what we’re
seeing is that Google is transforming
search yet again I think they’re
infusing uh generative artificial
intelligence capabilities into more
parts of search into YouTube we think
their Cloud business uh focused on
Enterprise customers is very much
underappreciated and so as you have this
continued broadening of growth drivers I
think what we’ll see from Google over uh
in this quarter but really over the
coming quarters and intern all right
thanks Dan his name is Dan flax
what a name so I think you hit a new
high there s s
5071 and then he came down a little bit
but like we were just saying everything
is holding up good the
GE I believe is on the watch list uh the
strike price so we talked about that
yesterday but those plays are up which
is good but I’m still out of the money
but I’m down again it moved more than
expected the fact was they were only
pricing in like 3 or 4% they moved up
seven so even though it’s not two
standard deviations the options uh they
still moved up and then your Netflix
plays went up a lot too those are just
under
200%
NCI neoca that was the IPO that was the
one choice said in the morning yeah yeah
yeah yeah yeah yeah that was at it was
like 475 it opened up at
[Music]
[Music]
and then Nvidia coming down that’ll suck
and then now it’s been two days so
remember last week was every day selling
off with chips but last two days we
finally got to calm down a little
bit you only got the GM yeah I feel you
man that one I’m surp I thought they
were going to do a lot better cuz they
went went up five they were pricing in
around four but it just went comos and
then the UPS was looking good until that
flipped in the
morning but we’ll take it for
now Walmart there’s no news on Walmart
they were even up there was just that
like a firm thing in the morning then
people said the news was old and then
the stock just
dumped and then Nordstrom still up to
uh aat on the high Abby VI back to
170 fer sold off out of
nowhere Disney too he’s back up so right
under 114 that’s good but dude they’ve
literally ever since the vote I mean the
market got bad but ever since the vote
they literally sold off
10% come on where’s our boy Nelson we
need
Nelson you gra 5200 shares at Walmart
good luck I don’t know when their
earnings are I want to say in a couple
weeks PayPal on the high I know Square
was running earlier spy about to go up
now yeah square and PayPal both on the
high Amazon is on the high ticker right
now
570 so literally one point off of the
highs right now and then 5078 I mean
very very close and still a lot of time
and the bond auction still on the way
Amazon keeps
ripping they keep going
up uh who was the other one there’s
another earnings this morning
then you have ba tomorrow morning again
we’ll go over those in a little bit
after the
auction Capital One alltime highs
MasterCard and ax ax that was the post
earings I really that that last Friday
or whatever it reported they were
cheap Walmart split a couple of weeks
ago yeah that’s why the stock is at
$508 they did not go down 50% and spy
still hugging the high Baba bro High
ticker is literally on full
gas
almost yeah I closed my gold short
already I closed it last
night I got done with the gym and I came
home and then I saw gold gap down
another 1% so after the 3% drop
yesterday I said that’s good and I
walked away with a nice profit and now I
am free to speculate on gold once again
so I’m I’m waiting waiting on my moment
again but I do plan on trading gold
again if that didn’t give that away I
liked it I don’t know there was a lot
that trade was painful at first uh but
I’d like what I’ve been expecting with
gold in the movements it’s been uh it’s
been quite exhilarating
Wayne on my
moment U on the high airlines are going
up earlier bonds and spy I mean I have
to pull up this to see if we’re hitting
a new high yeah that it 50
7162 so you did hit a new high on that
candle just slowly going
up the margin on a big gold contract is
13,000 on a small one it’s
1,300 the people that said to sell I
mean hey I learned something though I
got to learn from it so I’m glad and at
the end of the day got to walk away and
since I think October or December every
gold trade is worked so God is good
finger to the sky baby but I’m that’s
what I’m saying like I like the gold
again that one got a little rough but I
again I mean 2400 was pretty high so I’m
glad how it played out but the I think
gold the rest of the year man it’s going
to be wild
5071 was the high you just went two
points off of
it why do you track the SPX and not spy
I do both if you haven’t noticed so we
have the spy on here I don’t really use
the levels but you could generally like
I could visualize them and then I use
the SPX as like the cash main index and
then that’s the one I have levels on but
I get both and I’m also looking at
Futures as well too so if anything I
mean we’re we’re kind of taking in all
the
data what are you getting for lunch
today uh I think a bond two-year Bond
auction with a with a side of felo and
then some earnings previews as a
beverage you let me know I think we’ll
see if you’re lucky we’ll find out it
just depends
about 17 minutes 17 minutes till the
action
baby a bond auction is just they sell
the bonds you know the government
they’re like we’re going to sell the
bonds we need the money so then they go
to an auction they have like a
designated time in place to sell them
and then they just put them up for sale
and then depending on how many people
choose to buy them
uh we get results and then those results
let us know if there’s demand for bonds
or not and if there’s not demand the
yields go higher and that’s bad and if
there is demand the yields go lower and
that’s good Tada starting J is full but
at least the the instruction there was
no instructions baby or no I’ll take
it I’m still I still got the bond I’m
already I’m I’m ready to go I got my l
I’m I’m excited I eat some two-year
bonds get felo on the side wash it down
with some earnings can’t complain can’t
complain we out here baby so how do we
negotiate pump it up at 5100 I can’t
negotiate at a level I already pumped it
up at that’s just nonsense you know what
I’m saying like you need to give me like
a a new comp I mean I can’t I can’t my
shareholders I can’t take that back to
shareholders ERS and say Hey I want to
pump it up at the same level we were
pumping it up 6 months ago we have way
better gr you know what I’m saying like
no we got to at least I said 5,500 last
time we we tried to get a bill but then
y’all [ __ ] Mike Johnson did or
whatever I didn’t y’all didn’t pass it
through we tried to get a vote but so we
still stalled negotiations we went on
vacation and now that’s it I’ve been
sending money to Ukraine instead so like
I don’t know man I don’t know that’s
crazy I actually I do a stream it’s
crazy I should have told you but every
night Ukrainian time I do a stream and I
pump it up for them only you probably
been missing it yeah so instead of do
giving y’all the pump it up I’ve been
doing an exclusive Ukrainian only pump
it up I maybe Mak sense why but hey it’s
it’s worth it mhm 5,500 deal I mean do
you have authority to negotiate on the
behalf of every Chad if that if you I’m
I don’t know I could I could make it
negoti I don’t know but I don’t know if
now is the time in place we’ve sold off
several days we’re down like 3% on the
month I don’t I don’t know if this is
the environment to be negotiating Pump
It Up in maybe after a positive Nvidia
earnings we could
talk you approve 55 I think 55 00 is a
great
price gives you something to look
for your Roth is just cash after rolling
over to hood
really like they sold you out of
everything
no I mean you could probably just attach
it to the Spy or I mean you go for some
value now but otherwise you’re going to
have to slowly start Distributing it
back in this stuff that’s
wild if Pump It Up chatter marks the top
of the day well we’ll see but then again
I mean you still got that auction coming
up so we’ll find
out you got to request the in kind
transfer or they do that that’s I was
going to say that’s wild
Netflix he’s doing very good again back
up 3.8 now so it’s literally bounced
there after the earnings getting up to
the it sucks because if it gets to 580
cells off it’ll cuck you on those
contracts but if it breaks out from
there those will look even
better model three performance taxt
credit
by dud going for new
high what were you calling it earlier
buddy buddy
Buell s guys B Bill uh unless do they
have a spaxx so where if it’s on Rob or
if you have Robin Hood gold they’ll just
pay you cash I think but see if they
have like a money market or like a
Vanguard cash fund something that
charges less or preferably has a higher
yield but otherwise yeah or find you
know put it into something that could
collect you and take advantage of the uh
of the fixed income because I mean
you’re sitting on cash I would get some
fizer I don’t know not a
recommendation uh but that’s the only
thing and I don’t know if you owned it
prior or if you even like it but that’s
the only thing that’s cheap with a 6%
yield right now that will be here by the
time you retire so but that you could do
a small allocation there then you get
some fixed income cash everything else
is bounced up like Leos up I don’t know
about the
indexes I mean yeah you do have some
fiser then yeah that’s the that’s the
only value name right now if you telling
me you have a all cash restarted rot
there I would I would allocate into to
the higher quality name see if you could
get a discount on earnings but fizer is
the only one I’m thinking maybe 3M but I
want the dust to settle MMO is literally
up 10% since our last purchase it’s not
a bad price but I mean you can probably
get it
cheaper banks have already went up I
don’t know if mpw would be worth it I
think fizer would be better and then
Nike if it comes cheaper Nike was close
that would be maybe that could be
something there too I I know where you
stand on that but yeah I like fiser I
mean fizer is simple I mean yeah we’re
stuck in the era of the price spiral
right now but like I’m saying I mean I
don’t I think we’re going to see fizer
in the
future I think it’ll work itself out for
the most
part and then Netflix keeps killing it
there’s by GE still on the high or they
were
you think ml will die upon the ban of
Mentha no I think they’ll do good I mean
I hate to say it because I sound like
one of those Insurance guys what do they
say mortality Trends or they have like
mortality guidance but sadly like vaping
and smokeless is the
future sounds awful because I’m like why
would that be the future but generally I
mean when it comes down to like the
tobacco companies like natural
cigarettes are a big part of their
business but like you know their their
growth and the thing that as of lately
even the last like 5 10 years almost you
know smokeless tobacco vaping those have
actually been kind of changing the
landscape so like that’s you could ban
menthols but if uh you know smokeless
keeps growing or doubles up triples up
its growth or there’s another vaping
epidemic like you saw with Jewel you
know I mean that and it captures that
different market then I don’t think
it’ll matter as
much but M Mo about to hit 90 43 93
would be nice we’re going to go over
earnings plays in a little I did make
one play today I made a Visa pre-
earnings so I have one play on visa for
now but PM because Zen is the
future man I was telling yall Zen for a
while I was I’ve known about Zen for a
while but like was it was like eight
months ago a year ago I was like bro the
way people are talking about Zin it’s
it’s kind of
nuts Zen
Z Bond auction I have no idea remember
last Bond auction I thought it was going
to be bad on the 20 year and it came in
and surprise good so two years sensitive
it’s had had trouble going above five
there’s kind of a ceiling so other than
that I I don’t if it comes in much
hotter than five we’re [ __ ] I’ll tell
you that
much and then jwm still holding Macy’s
came down is pindu Duo they’re still up
baba byun hit that high then came down
Tesla still looking good
crazy how long it takes for things to
catch three years later
bro the first time I popped the
Zin I think it was
2015 so you figured it out five years
after I tried my first one and then
three years after you tried it you’re
like wow it’s
trendy yeah yeah bro the stuff’s been
around but like I was a little fiend
because like I liked I used to like dip
like I I don’t know I told you guys I
have like redneck Tendencies but like
growing up I grew in Affinity to chewing
tobacco I don’t know why I used to I
used to love chewing tobacco I was a kid
and somebody gave me chewing tobacco and
I was like oh I love this [ __ ] and then
kids on the baseball team I didn’t even
play baseball but they would hook me up
but yeah so I that’s why I was like oh I
was like cool they have fake dip and I
tried it I went to school in
Arizona no I threw the the the jewel out
the
window I haven’t thrown dip in a in a
minute though like I haven’t done that
in a while or is
in PPG but that’s what I’m saying like
back in the day though these zin’s been
around yeah PP didn’t they have earnings
two days ago but two big chick chick
chicks $2
down on first time was Che in tobacco
you couldn’t stop hiccuping oh I got
messed I was some high school kid so we
had a neighbor kid neighborhood kid he
was like five six years older than us
and he was like you guys want to try
this and we’re like what is it I was
like 12 years
old I was a child and he he got us he
was 18 and he bought us he bought
[ __ ] uh some Copenhagen pouches or
skull pouches and then he he’s like sit
down and he let us try it sitting down
and then we were tripping out and
they’re like dude we’re laded we’re
we’re buzzed and then and then that was
it then it was a wrap I think the second
time I did it I did a horseshoe and then
I threw up
like yeah Market overall relief man
today is a lot different than any of the
other days I mean right now you’re
getting your couple candles but for the
most part I mean all dayto day earnings
haven’t been bad no war headlines again
the general relief and bonds too and
then you had really good data and it’s
pmis it wasn’t supposed to be that
supportive but it was and then that got
us
up Snus yeah snoo
that was the first smoke list we would
do those in class again I was a freshman
in high
school if you were 12 in 2015 doesn’t
that mean you’re 21 that’s definitely
not how the story went but
sure so I tried to Zin in 2015 but I
said I tried my first ever chewing
tobacco and I was like 12
love those in CL bro who what was
it I think you were there with me that
was sign language class I don’t know if
you were did I corrupt you but I would
literally throw cans of snut in sign
language that it was bad
bro good times man good times
stay
baby sign language yeah we had this like
we had this sign language teacher and
she was just like she was just funny and
she was like she just I don’t we were
just bad kids and we just would never
pay attention and like she kind of let
us get away with it I think I I think I
still got a A in that class that’s the
craziest part
where were freshman getting dipped from
I mean I don’t know I feel like by by
freshman year I learned how to acquire
everything I think by the end of
freshman year I could have I could have
got you anything you needed man anything
you
needed but yeah I got in trouble I got
gr my mom found my weed and I got ground
I don’t think my parents ever found like
a skull I don’t think they ever knew
what it was
I wasn’t the plug I just knew where to
get
it I just knew things were a lot more
accessible man public schools are dog
[ __ ] dude now that I think about it man
you know so watch out your kids are bad
kids okay make sure you guys hug your
children and talk to them okay because I
had foreign parents they didn’t talk to
me I couldn’t talk to them so make sure
you guys uh you know cuz they’re
probably I don’t know what they nowadays
is a lot they I didn’t even have the
internet like
that I fall the high and spy has been
coming down it’s weird because we have
slowed down ever since the 568 like you
have hit Highs but I mean you just spent
almost three hours to go up two more
points yeah one minute till Bond auction
so get ready I feel like we usually have
a bunch of random talks leading into the
bond auction so cuz then some people are
like what the is going on and then now
it’s like 1 minute baby 1 minute till
the auction so get ready the data is
going to come out uh when you see the
when issued posted in the chat but
whenever you see a number that says wi
it’ll be like in this case probably 4.99
or five uh anything higher will be bad
anything lower will be good it’ll take
about 2 minutes after 1 p.m. and then we
go from there then we be
good have I been to Apache Arizona
Junction no sounds familiar but no I’ve
been to Phoenix I’ve been to uh tcon
Tucson and Phoenix I think I’ve been to
Flagstaff I’ve been to Northern Arizona
too you could get plastic surgery using
a firm I think in the right instances
some people if you find the right person
I think you could buy a car with a firm
I really think if you find like just
like any B business deal if you find the
creative financing I really think that
you can uh I think you could get
somebody to finance you an automobile on
like straight up like a hundred years of
$15 a month at 97% interest like you
might be paying interest only for the
first hundred
years but I think they’ll do it I really
really think I I I’m sure of it actually
if you find the motivated seller
oh you getting a new car today congrats
that’s exciting Savor the smell and
listen a lot of people don’t know this
but just
know you can keep that thing smelling
new for most of its
life okay so keep your car clean don’t
eat certain foods inside I’m a big fan
of new car smell I still got cars that
smell brand new I’m telling you so just
make sure okay preserve that I know it’s
good A lot of people they take it for
granted they smell you buy a car it
smells good smells like America
Freedom it’s it’s amazing then you go to
McDonald’s it’s a great company Great
American company within your car now it
smells like Joe Biden now Joe is
sniffing your vehicle looking for food
french fries and kids all because you
didn’t have discipline and now the
border is going a
mock why cuz you wanted to eat food in
your brand new
car I
know these
people I don’t make it up I mean it yeah
I mean it no seriously I mean it he’s
not hyperbole you’re a
prick all right make him a good job
have a good time with the new car he a
good one and I did that my economy CU
you’re not unemployed and the rates are
high low low high and the prices are
high low lower but Higher and Higher and
lower for longer and power’s going to
cut rates soft Landing but that’s why
you got a new car I’m proud good job I
see you
November I know Josh’s Trump voice has
gotten a lot better they’re worried
they’re
scared I could see it they don’t even
want to zoom out zoom out the cameras
show him please the fake news they don’t
want you to see Josh got better he’s
great now he can do
it that’s what they don’t want to
show good Bond auction well 487
4898 so honestly it is good the fact
that it’s not higher but the wi issued
was what 489 so it came out by 008 I
think I don’t I think it barely moved
two-year auction did absolutely
nothing no it’s right here literally
4.89 eight and I’m think the win issued
was 4.89 so it came up by 8 I
believe or no when is shoot was 4.9 it
came in lower and then nobody’s buying
it up so good good or break
even no bond o it’s every like two to
four weeks there’s like an announcement
and then the next week or two weeks
later they sell off they sell the
auction so actually a good two-year Bond
auction I’m surprised you’re not getting
more of a knee-jerk reaction but then
again that ISM data already got you
moving up
pts moving up a little but so far
positive auction food hack for new cars
sign up for door Dash to get the door
Dash bag that they give you and then you
keep it and then that’s actually kind of
smart I think you could probably buy one
on Amazon you don’t need you know you
have to get like a background check cuz
I was going to do it for a video I was
going to sign up to be a door Dash or
like a uber like you have to like submit
[ __ ] and they like they do a background
check on you and I’m like I’m not I’m
not doing all of this okay I just wanted
to deliver some
food I don’t know it’s not a dud it was
a positive auction it came in slightly
better I want to say priced in if any
you might get a PO I think the data in
the morning was bigger so like maybe if
there was nothing we would have react we
would have reacted a little bit more but
I genuinely think the ism was so much
more powerful and then we have way more
in the future that I think that this
happen use my account you can I I guess
you could keep the money if I do the
deliveries I guess I’m down does anybody
have a uber somebody let me use their
Uber because I want to do a uber video
he’ll probably get banned but then again
you might get good reviews if I pick him
up in a dope car you know what I’m
saying we had that little burp at the
same time we’re
brothers like a uber driving account
like let me like drive on your
Uber I’d have to FaceTime you so I could
verify it’s me using it they make you do
that bank of Japan to dis discuss impact
of Yen’s rapid slide at this week’s
policy
meeting yeah Yen pop dude there was a
lot of like when gold was dumping last
night there was a lot of comments but
people are speculating October but there
is Bank of Japan meeting this week Yen
just got a pop again it might go a
little crazy there but watch the bonds
you just had a good 2-year Bond
auction you have to photo verifier or
the correct driver that’s
crazy that’s crazy who do I look like I
don’t know a lot of people in the chat
Zach’s seen me even Inland Empire seen
me the only thing that’s [ __ ] up like
Inland Empire like he’s met me he’s seen
me only thing I hate about Inland Empire
that he’s seen me is like he’s like Josh
is actually short
and he always makes fun of how short I
am but then homie is my height every
time and I’m like yo bro but yeah that’s
my
homie yeah all the Chad every time he do
that to I’m like man you might we are
twins we are like we are the same
position in basketball if they got M
like you know we would be guarding each
other
[Music]
mhm no one has seen you please stop a
man I’ve God we got we got a good squad
bro we got a good
squad I thought it was the yield raised
demand lowered no when the yield on a
bond goes up that means that demand is
lower when yield on a bond goes up the
price of the bond is literally
dropping that’s like a lot of people
don’t realize that so when a yield goes
lower
it means that you’re you’re you’re
buying it like that people are are
paying more for the bond willing to
return
less I do sound really tall yeah I know
I
know get the men heels no not about that
life may that’s I couldn’t just
no we out here man that’s it the
Height’s not a con ER I’ve lived with
that my whole life we’re fine bro the my
just that’s the only thing is my hair
now where my hairline bro the hair is
just it’s going I’m tell I already
projected it I hope we could get better
guidance by June but man dude the the
hair guidance is worse it’s it’s almost
Globe Life man it’s almost turning into
Globe
Life
mhm never had hype boy got heart amen
baby I bet lower guidance I I already
lowered my guidance in the beginning of
the year I downgraded my hair guidance I
didn’t want to I was like all right man
the top is going bro but I don’t know I
I’ll take questions towards it uh you
know I’ll let you know know by June but
hopefully hopefully it don’t get worse
by then if I do have to guide down by
June I
mean that’s it we’re going to be talking
shaving or surgery really soon we’re
going to have to talk strategic
Alternatives is all I’m saying so if if
we do have another guy down on the hair
bro strategic Alternatives could be
around the corner for now we’re good
though I think we have Runway I’m still
like you know what I’m saying I’m we
could still operate everything’s looking
good but for the most part we just you
know had an abundance of caution I I see
where I see where some of the trends are
going the macro and that’s what I’m I’m
worried about
the major shareholders in my
hairline I think my
girlfriend is about I guess cuz she has
to look at it bro you know what she said
to me the other day [ __ ] [ __ ]
trying to be all cute Josh hairline cut
the junk Moody’s lowering full life
guidance no no
like my hair rating that’s [ __ ]
dude you know My Girl My Girl’s like she
said something cuz like I think I got
her something and like she was like oh
you’re the best and then I was leaving
she’s like I love you even though you’re
balding and it was so uncalled for it
was like I I didn’t even bring up my
hairline she just looked at it you know
what I’m saying so like I was walking
away from her and then and she just
threw that in there and she was like
even though you’re balding and I’m like
what I’m like that’s not even like I’m
like well thanks for reminding me
cool mhm
cool I was just out of
pocket like were you trying to like just
encourage me by like why did you even
remind me I wasn’t even thinking about
my hairline at that moment
and then bonds are going up still again
two-year auction was
good how was that
for psychology tell her she’s
balding no that’s it I already told her
though I said I told her if she cuts her
hair I’m breaking up with her because I
know what women mean when they cut their
hair okay so
fellas if you think you’re in a
relationship and she just cut her hair
like six inches you got some
housekeeping to do sir I would just I’m
just telling
you uh Nordstrom’s popping off I don’t
know if we have a
headline glancing I don’t see a headline
but nordstom just popped up 20 cents at
the High
spy dropping a little bit
man what time is
it
11:15 Ain seen no wires then I heard
bone from the amplifiers
yeah Mo value is doing good I mean this
spy too in today was was stronger than
usual so let me go to the bathroom
follow me on Instagram at the trade and
fraternity I love you and I’ll be right
back that or ensure that no Weaponry
that is US Weaponry is going to that
unit so on that on that front I can
support what the US is trying to achieve
I think I understand the the the the
broader goal I understand it because the
US is trying to say hey that unit and
and in general s activity in the West
Bank undermines US National Security
objectives because we see a two-state
solution as a as the long-term
sustainable solution to this conflict
and this settler activity directly
undermines that goal I agree with all of
that I just find sanctions are a bit of
an aggressive tone to take at this stage
when Israel is in the middle of all this
at at this time to take toward this
that’s I would have rather seen that
handled in private conversations even
publicly by the way is fine and and as
the war dies down if it remains a
problem then you sanction them fine and
then you’ve you’ve made your point loud
and clear but at this time it just
further highlights The Strain that
you’re seeing and puts it out in the
open yeah well we’ve seen a lot put out
in the open publicly Hagar including
what was escalating tension between uh
BB Netanyahu and President Biden
specifically over the issue uh of Rafa
as the US pushes Israel not uh to
potentially put at risk the lives of the
million plus Palestinians that are there
but now especially that it seems the
immediate direct conflict with Iran uh
Iran may have been wrapped up at this
time for Israel should we expect that it
is Rafa next and potentially
soon well RAF the air strikes on Rafa
have already begun uh on the part of
Israel and and what’s interesting and
I’m glad you’re covering it because
given the other given what you had with
Iran and and then and certainly given
what you’re having now with protests
here Across the Nation and at at
universities including the university I
teach at it’s the focus seems to be on
that and not the fact that that things
are continuing in Gaza in particularly
the air strikes on Rafa now you have air
strikes on Rafa but we haven’t seen this
kind of fullscale invasion and and
operation that we’ve all been waiting
for or anticipating but inevitably it’s
going to go down that road uh I believe
it will go down that road they the
Israelis claim the Israeli government
claims that they’re going to be
evacuating citizens but we haven’t seen
it yet and so it remains a bit murky uh
at least from the public view as to
where the Israeli military is headed
with Rafa clearly they’ve made a
decision to go in that is not surprising
they’ve said that I never had any reason
to doubt it um but at what point will
they be evacuating citizens in order to
ramp those operations
up that said they have also said that
that would indicate the end of their
high-intensity portion of the war and so
we are hopefully reaching an end to that
at some point soon but braa I expect it
to to to intensify
further you’ve got members of the Senate
Tom cot and Josh Holly calling on Joe
Biden to send the National Guard uh into
Morningside Heights can you talk to usar
about how this is going to end on the
campus of Columbia University and other
campuses we’re coming up on the 4th of
May which is the anniversary of the Kent
State shootings this is very real right
now well How It Ends is very unclear and
I can say that with a lot of firsthand
experience being a an Adent professor at
Columbia right now it is a very
difficult situation on campus and the
administration is is really grappling
and struggling with its response because
on one hand you had the response last
week where they invited the New York
Police Department to remove protesters
after they had been repeatedly and
repeatedly warned that they were in
violation of rules that they had no
right to stay there and that if they
didn’t move they would be forcibly
removed and that’s what happened
obviously um I was in support of that
because I believe a university is it’s a
private institution it’s
a oh
yes wow
chatt
Adonia how you living ladies and
gentlemen it’s that time it’s time for
felo I’m seeing some of y’all pop up
here too and it’s a good good time and
I’m very excited about this felo man I’m
I’m I got a very very good one to give
to you today no we didn’t read the
Frizzle paper yet I’ll read that for you
maybe after felo we could we could have
that one but here’s the deal man before
I get in and this is a good felo I’m I’m
really really like I’m I’m actually
really excited about this one so you
know before I get into it that’s why I’m
just as excited to let you guys know
again on a daily basis man those of you
who have been involved man it’s you know
it’s one thing cuz like I get excited
about things but knowing that you know
there’s there’s a time and place to
share it with people and that there’s
people even vibing off of it with me man
it’s it’s it’s even more special so I’m
I’m honestly just so grateful for it and
I’m impressed by what I’m seeing man so
let’s go we have a lot of work to do
y’all are making already progress in
steps and keep going it’s a long journey
bro I’m telling you do not get winded
and tired so pace yourself and I and I
hope today uh I hope I could prepare you
a little bit okay so keep up the good
work man and thank you all too those of
you who have been involved in being
respectful and being a part of this and
and you know honestly screw respect or
anything man those of you bringing FR oh
man I don’t know if they feel but Chad
anyways before I get too too crazy man
this one is a good one cuz today I don’t
care who you are bro you better listen
to today today is universal truth time
you don’t have to like me you don’t it
don’t matter what I believe or not it’s
not going to change the truth of some of
the things that we are going to talk
about today and and believe it or not
I’m not going to read you the Bible I’m
not I’m not I’m going to read something
else I’m not even going to read it I’m
going to just go over something else
with you but uh again these concepts are
are probably upmost key and and like I’m
saying some of the truth you’ll you’ll
you’ll notice these things elsewhere so
what I’m going to talk about today my
friends some of you know this some of
you don’t some of you Loosely know it so
today might be an opportunity to to
learn a little bit more about it but I’m
not talking about the Bible today I’m
going to talk about sunzoo Art of
War yes so that’s going to be your felo
today and there’s just a couple of
things that I want to discuss and and I
love it because again I’m telling y’all
man this is there’s there’s you need
discipline you are in a battle and
that’s why I saying man I don’t care
what you believe I don’t know if you
think all the Jesus stuff is cute this
and that this no no it’s battle we’re
talking war and there is truth and and
how you go about it in life and being
successful it’s merciless bro so that
that’s what we’re talking about here and
I really hope you are all prepared and
these Concepts they show up everywhere
around the world different societies and
things that that make things good but I
I hope you’re vibing with it but let me
just ask you the general question
there’s a couple of main points that Mr
sunzo brings up but let me give you some
of the Josh analysis I’m going to give
you one that should stick out you all
need to ask yourself one question right
here right now are you
ready would you follow
yourself I’m not talking on Instagram
not talking on Tik
Tok I’m saying put on the armor imagine
you were in a
battle you are in a life or death
battle how you behave how how you
conduct yourself how you go about
attacking defense all of that how you
treat
others would you follow
yourself that is the main question that
come when you read a lot of sunzo this
this concept comes
up would you follow a general like
yourself that’s what you have to be
asking yourself
it’s a good question and you got to be
honest because in certain things I say
yes sometimes I’m like you know I am I’m
like you know I would follow myself
other things no Honestly made it made me
think about it you know why because I
you know what I thought about instantly
I thought about
plays CU I was like would I follow
me it’s like I like the info here like
you know the info I give you on this
channel I love it this is the there’s a
reason why I give it it this is what how
I got into it you know what I’m
saying but I I’m lazy I wouldn’t like if
all I wanted was plays I would never
listen to me I would not follow
me cuz I’m l i I know what easy is does
that make sense I know I know what not
working to and I’m like I know what it’s
like cheating off a [ __ ] I know
what it’s like going oh yeah here give
it to I’m just going to sit here and get
this so I know but that’s why I was like
damn in some instances I wouldn’t follow
myself
but this is the basis to B like a lot of
things in battle your daily be
Behavior again I’ve been giving you
felos we a lot of biblical morality
ethics whatever call it what you want
the beauty about Suns This Is War we’re
talking battle anything goes for the
most
part but you still have to ask yourself
this really at the basis of everything
is what you are producing is is it
something that you would follow
yourself that’s a question you got to
really be honest
about see but now let me give you the
two principles the two ones this is like
the beginning of Art of War there’s two
things he talks about and this is what
I’m saying universal truth because I was
telling you guys this the other day
that’s why it’s funny cuz I was like wow
I smiled to myself and that’s why I
saying I don’t know if you thought it
was corny or
cheesy you know what I’m saying but I
told you guys you need to know the truth
about yourself do you remember
that and I told you there is a really
good truth about you yes I’m sure
there’s bad
things but you all have your truth and
I’m sure some of you downplay the real
truth about you and you don’t recognize
it again that potential and what you
possess is probably bigger than you may
be lending credit
to so I don’t know if you didn’t like
that you thought it was corny well guess
what sunzu he says the
difference that makes the only
difference is knowing
yourself one of the most important
pillars to the Art of War not the Bible
not morality not
ethics
war is knowing
yourself he says if you know the
enemy and know
yourself you should not fear a 100
Battles but if you know neither the
enemy nor
yourself you will succumb in every
battle
that’s
crazy again I was just telling you guys
this and I said you need to know
yourself you need a Guiding Light you’re
going to hear people you’re going to
hear opinions the world is
insane you need something when the when
those voices get crazy when the world
gets you need a truth to rely on
because you need to know
yourself you could study the enemy all
you want that’s what I see a lot of I
see a lot of people study the enemy and
and again I’m not talking the devil this
time whatever you’re going you you study
the market but you ain’t studying
yourself
dude you get what I’m saying you could
study the
enemy but if you’re not studying
yourself that’s why I think some of you
like felo and and this is why some of
you are not getting an ounce of value
but you’re missing
it because you got to know
yourself it it goes hand inand with the
market I thought this is the stock mark
it
is what good is knowing the enemy if you
don’t know yourself and I really thought
about this you have to think about it
some of you know me I get in certain
plays I do you know me you have ideas of
what I’m going to do you need to know
that about
you and again what is the truth and what
are you telling yourself do you get it
cuz when it does get dark when it does
get
hard if you you need to know yourself
and if all you’re telling yourself is
not good well then there you
go but if you do know yourself it does
not matter what you are faced
against but hopefully you see the other
warning the other warning yeah you
better know yourself and you got to know
your enemy it’s it’s it’s the
balance imagine the people not knowing
themselves and not knowing the
enemy there’s two elements to the battle
but then again this is this is sunzu you
guys know this is like ancient China
this is long long time ago The Art of
War one of the
classics this is you know how many
self-help books got written off this
concept
because now here’s the other one he says
you know this Chad I’ve taught you
this it’s more important to outthink
your opponent than to outfight
them again this is handin
hand you need to know yourself know your
strengths know your
weaknesses but at the again I hope you
all have a good work worth work e ethic
you know we all work some of us put in a
lot more than
others but at the end of the day that’s
not that’s not what that’s one part of
it again knowing yourself knowing the
enemy you can be the best
fighter but you have to know how to
outthink and you can be the worst
fighter but the best thinker
Chad just listen you could s yourself
out of
anything that’s a story of my life and
you better understand it I don’t know
what battle you are facing who your
opponent is who the enemy is I do hope
you realize some things about
yourself but don’t ever lose sight of
this
truth you can always think your way out
of any
battle I hope you feel me Chad
so these are some of the two main things
he talks about these are like some of
the two right off the bat Art of War you
got to understand there and it goes on
there’s a lot then I’ll give you the two
the two more
things because again The Art of War is a
huge thing it’s deep it’s very very deep
I’m telling you people have studied it
people in the military a lot of people
know this some of you know it without
knowing it if that makes any
sense but it’s it’s it’s
big but the thing he he there’s just
straight off the cuff there’s just main
pillars and he talks about what makes
people successful or not in war and
battles I’m I’m going just give you two
there’s like two out of five of
them and the first one because I I
really think you have to understand this
I think it’s very
applicable and I know I think we know
what this is but we forget to to really
see what it is like what it’s connected
to what it
births this is the father of
something but
recklessness sunzo warns of being
Reckless a reckless Warrior does not win
battles because
recklessness inevitably leads to one
thing
destruction you do not win battles by
destroying
yourself being Reckless is not
outthinking your
opponent being Reckless is not knowing
yourself if you know yourself why are
you getting out of bounds you have you
see there should be a control over
it that’s when it’s not
Reckless but if you don’t know yourself
you don’t know the control it’s going to
be re
this is the number one thing he says you
know a lot of people say this these are
the
things that you would teach the Warriors
that Warriors wish they knew before they
died if they had time to do it all over
again and number one would be don’t be
Reckless do you realize
that the biggest destruction in your
life maybe top
three one of them may just be a
contributed to your own
recklessness I’m raising my
hand
recklessness leads to
destruction I don’t want you to even
make this that deep okay I just want you
to write this down and never forget it
recklessness leads to destruction that’s
all this is so face
value do you get what what I’m saying I
I could go deep on so many things Chad
give you felos we could talk we could
talk history and related to this and
that but
no recklessness leads to
destruction if you can’t understand that
at face value you there’s a lot of
battles that you will
lose you want to win
battles you the number one thing you if
you’re don’t you may not know how to
fight
good that’s
fine but you should just know what not
to do and that number one thing would be
being
Reckless do you know what the second
thing
is the second thing is a hot
temper
man this is where I’m like oh my
goodness The Art of War it’s funny
because
it you’ll you could find some of these
in other
books but he specifically talks
about the biggest
thing that leads to
failure and then again where Warriors do
not become where they they don’t they’re
not Victorious they fail for
this by having a hot
Temper by letting words
get them all out of their element and
reacting not being in control of their
emotions that’s it these two
things man you Reckless and got a hot
temper you are an easy def opponent to
defeat in
war any battle
oh
man so Chad like I’m telling D I don’t I
don’t think you realize I’m sure you
guys love this I I hope you enjoy it I I
think it’s really dope but there’s so
much this isn’t like short this is just
this is pulling out of of a very very
big
text but I hope you guys are seeing the
concepts at face value I think there’s a
lot you could take from this
practically I hope you guys are ready
and you got your armor on but at the
same time too though I I like I said in
the beginning I hope you realize the
universal truths man I hope you realize
the felo you know what I’m saying bro
you got to know
yourself you know what I’m talking about
this isn’t there’s like you don’t think
it’s weird the discipline I could talk
to you about Bible and discipline we
talking Art of War in
discipline knowing yourself and we
talking Spirit man we talking Art of
War it’s the same thing man you go study
a lot of the things and things these are
things I mean again people live by and
studi this there is some Universal
truths so
Chad we in a battle baby but I hope you
start moving a little different and I
don’t don’t go crazy don’t be a weirdo
about it but like straight up man I hope
you start moving and move a little bit
more militant you are fighting again I’m
a pacifist you know me I but does it I’m
aware of the
battle I think there’s a bigger battle
at hand we all have we all have
different
enemies you got different things you’re
dealing with you some of y’all got
different things making you Reckless
different things making you lose your
temper you know let me give you the last
one I’ll just I’ll throw in one more
thing because like I’m saying I want you
to move a little different
man like I said I I gave you the truth
and I hope you know the truth about
yourself but like I said I don’t want it
sugarcoated I want you ready to to work
and grind and get
it but like I saying you got
to would you follow yourself are you
thinking about these things are you
controlling the recklessness are you
even giving a [ __ ] about your
temper let’s go baby let’s let’s renew
it refresh it renew the spirit
baby but on that I’ll give you the final
thing he says I love it cuz this really
got me thinking this one I was about to
go crazy you know why cuz it was a very
it was a beautiful taste tasting it was
tasty I tasted it was sweet it was a
reminder sunzo
says don’t use what you did to win the
first battle to win the next one
oh y’all don’t feel
me I said refresh it baby that’s
something he brings
up and he talks about trying something
new and don’t be afraid to
explore the infinite opportunities that
arrive in
circumstance that’s word from
sunzo yes you are not going to win your
battle this same
way going after your same
battle trying to win the battle the same
way you won your last battle is a good
way to
lose that’s what he The Art of War do
not try to use what already won you the
last
battle mix it up use the concepts use
the
principles but be open to circum
St be open to the infinite
opportunity so
Chad maybe we try some new things
baby but I hope you ready for the battle
hope you got the armor on but take that
to the bank that is your philosophy
ladies and gentlemen make sure guys are
subscribed we’re live Monday through
Friday 30 minutes before open drop your
thumbs up on the video here on Mobile
Press hotset ex out that Chad hit the
Thumbs Up Button second link for the N
watch this at Main Channel first link
for the scream of large boot C real
estate
C there it is
baby there it is let’s go let’s get some
let’s get some Uncle you guys like Uncle
we got Uncle let me see and we got to
get earnings preview we got good time
it’s not 11 yet oh we looking good
baby all right let me get you some Uncle
Spotify did good on earnings today we’ll
play it on
Spotify it’s a c
[Music]
baby all right guys listen this to Blues
riing watch me for the changes and try
and keep up okay hello how you doing I’m
that [ __ ] guy had a call I had
a put now I’m Marty McFly and q/ get my
pronouns right if I’m throwing hands up
this finger to the sky throw me in the
fire then I’m coming out Al live boy
I’ve been here for a while I don’t need
to tell five 5 years running how the
hell ha it not inspired yeah they Ed it
for the insta but I do it for the life
put it on my life I don’t think twice
Instinct on Beast to learn it to survive
if you think I’m cheap you ain’t give
the right price I would never love a
lifestyle more than I love my life
always been a boss I don’t never need a
break always been on sty you can put me
with the grace big man milk can we could
talk about the race Z Tim my got it all
in one place all in one tap I don’t want
the bait shout out to my nephew Manny
got my H State shout out to my mama you
know why I’m going keep the faith and
don’t forget about my girl so pretty
like her face why they mad at me talking
about the fallacies my life is fantastic
yours is just the fantasy hatrick with
the assets I ended up with Equity ain’t
[ __ ] with you fast the ownership is
Set Me Free and God too don’t forget how
God move only need a little bit that’s
the way the guy prove [ __ ] you you ain’t
feeling it shake the D for my shoes
living in this silhouette it’s hard for
me to act gr I am that dude put them in
a bad mood only time you see me at is if
I’m buying bed rooms I don’t really
stress Dude tell me what they get you
like I’m meeting now I’m just trying to
get the CH stop acing like you know me
homie you ain’t got the VI careing for
re cuz a demon need a rise
what’s care
think don’t give a [ __ ] about it2 homie
already had the bag without it hat to
love it you ain’t even know the half
about me but I take a half and double
that I keep it 100 homie on mind P sound
like money make them all involved don’t
see it but they feel it that’s what
happened when the landing H sleeping
while we eating I don’t know who should
be more money is a servant my worthless
when treated as a
[Music]
god there it is man I give give play
them PA give them PA too why not the
whole idea Warfare is you
think watch this movie like the
ex spiritual warfare is much more
subtle and it’s much more
tricky it’s a c
baby yeah it’s a letter to the people
I’m pining it like a Paul it don’t
matter about the evil it matter about
the God it don’t matter about the
weapons it matter about how you warmed
all that matters is the weather when
weather the bet the f I ain’t got to see
it to believe it if it’s signing then
it’s needed then my eyes don’t need a
reason I won’t even try to explain
itless it say I got a feeling I’m going
to sing my praise like David but the
king is still a killer
listen up and go and get the troes hope
you know you ain’t scared of them they
scared of you and I know you might be
scared to take that point of view you
see them arrows in my back yep son
that’s going to happen too with the
Harvest on the way you going to bother
every day that means you have to make a
trade either life or is the grave the
result will not remain every day will
bring a change kind of funny and it’s
strange how the hope will pave the way
you hearing what I say the only
difference between you and them comes
down to Faith there’s a difference in
the man who believes in a better day cuz
once you to believe his past you willing
to wil away we was never willing to be
the same we want it all in the long run
they want it all today my father is
really awesome don’t bother with giving
snakes regardless I can’t control it so
either way giving thanks yep you can
take that one to the bank a leader
without a rank a speaker without a face
a people without a race they eating
without a taste they scheming without a
safe the meaners have been replaced
another time another place we could talk
about it keep some oil in CAU with that
it
never talk about it if you never get a
second chance then that ain’t meant to
happen what I understand is you ain’t
trying to understand take aund 100 Grand
then a 100 undergrass pay them all to
make a plan but they couldn’t comprehend
what it means to never die but some
might still be born again so let it to
the people I’m pening it like a Paul it
don’t matter about the evil it matter
about the God it don’t matter about the
weapons it matter about how you wared
all that matters is the weather when
weather up bet the
farm it’s a c
it’s a
c he man hey man post felo Market loved
it you know that market loved it we went
up we went up baby so now uh we still
got like 15 minutes till the top of the
hour so but I’m G try to get these
preview who’s this old
mother Senate Bill Biden holds
reproductive Freedom event
all right
work there’s National strategy for
suicide prevention Federal action plan
doing that all right well you guys are
going to get the state department it
looks a little
weird um just on your question on
security um I think that’s best place to
DOD but um suffice it to say that um get
you these prev um some security but you
are hitting highs I’ll be here I mean us
assets minutes 10 minutes ask uh my do
colleagues for the questions on honestly
there’s not that
many there a little bit more broadly
about how you see uh since October 7th
in particular the Israel’s the Israeli
government’s conduct of humanitarian
Affairs um versus hamas’s conduct of
humanitarian Affairs broadly speaking
excuse me hamas’s conduct of
humanitarian Affairs what do you mean
um well yet for an example yesterday um
the state department released the annual
human rights and featured Israel along
I’m not going to comment on the human
rights report or any aspect right so so
I’m asking you about the humanitarian
conduct of those governments they
presented yeah I’ll comment on Hamas
Hamas has said I’ll comment on years in
expending who is this guy we ain’t never
seen him provided for the for its own
purposes in constructing a network of
military facilities tunnels embedded in
under around humanitarian facilities as
a deliberate Act of preservation and
advancement of their interest Hamas has
sacrificed those thousands of innocent
gazin who have been lost after their
brutal Massacre on October 7th again
Inconvenient Truth I’m going to keep
reminding of that something happened on
the 7th of October which precipitated
all of this hamas’s humanitarian policy
is the
opposite of
humanitarian it is to use innocent
civilians as Shields as presumed
protection for their own facilities for
their own terrorist military forces and
for the plotting and planning which
first and foremost victimizes
Palestinians and their future and and
how there can be any other consideration
of Hamas other than as a terrorist group
who has proclaimed I’ll remind they’ll
do it again and again and again if given
the
opportunity that’s Hamas that’s why
they’re an fto now with respect to
Israel we require from Israel
because it is the right and moral thing
to do a very different standard of
conduct and as I noted in my remarks the
president made clear on his visit to
Israel shortly after October 7th it’s
not just strategically important for you
to do this it’s the morally right thing
to do it is the reflection of what is
going to another high again a democracy
with values does more need to be done
yes could more have been done done
sooner yes of course but the point is
over time progress has been made with
all of the distance that remains to
fully meet the humanitarian needs of the
people of Gaza those needs are
considerable progress has been made are
you concern may I follow up with that
real quick
as can we can you first of all clarify
that you have not put a timeline on
Israel to take certain steps forward
when you talked about pable more un UN
trucks it sounds like it’s more of just
a constant discussion that you’re having
with Israel also has Israel provided
assurances that jots uh will not be in
lie of these land corridors that they
will both remain open I I’ll start with
your last one first we have made clear
and Israel has affirmed to us how much
Clarity you know that the jots the
maritime Corridor yes whoever operates
military or ultimately anyone else is an
adjunct to its ad additive to
supplemental to land carers there is no
question that the most efficient and
effective way to deliver assistance is
via as many land Carters as possible
which is why the increase in the
operations at Kum
Shalom the opening of the gate 96
corrier into the center of Gaza the
preparation for opening of the two new
Northern
Crossings ashdog Port which is a
perfectly functional port with immediate
uh access directly into Gaza all of
those are critical so yes it’s additive
to it is not a replacement for in any
sense of the word with respect to timing
I think you all know the president must
make a determination by May 8th on the
nsm2 r i i smaller cap running here but
I will say our work is focused every day
every hour on seeing continuous progress
made we are not doing this because
there’s a deadline on May 8th or any
other date certain we’re doing it
because every day there are people in
need every day those needs need to be
met than thank you good to see you again
Mr Ambassador uh I have two quick
questions would you say that famine that
was looming couple weeks ago three weeks
ago has now been averted that’s one and
second I mean this insistence on the
famine right cease fire why can’t we
have a permanent cease fire because the
implicit message for the pal inian is
that after 6 weeks Israel can resume its
bombing of Gaza and bombing civilian
targets and so on so why can’t we have a
permanent ceasefire thank
you I’m not going to get into the
details say I hope you will understand
of the hostage deal which is presented
and not accepted by Hamas the terms of
that deal this Administration has always
insisted that a ceasefire Amon on the
upon part and parcel of not just a
hostage release but hostage releases
Hamas has it in its hands not just to
affect a first phase release but further
releases which would extend the
ceasefire beyond that point beyond that
I’m not going to comment on famine I’ll
turn to Sonam thank you hi thanks for
that question um so we don’t know um
assessments on famine are based on a
very rigorous methodology that you don’t
hear that
by the IPC the integrated phase
classification expert body that uh both
collects and reviews data so we will
wait for their determination what I will
say is that um in order to address this
we not only need to get trucks in but we
need to get uh nutritional therapies we
need to reach the moms and kids that are
most at risk especially in Northern Gaza
we need to get them clean water we need
to get them Health Care um I will say
that with 29% of of children under two
um showing signs of acute malnutrition
in Northern Gaza this is what was
reported in the IPC it takes time to
reverse that Trend it takes at least six
weeks to um get a child who is suffering
the effects of malnutrition back on
track so um I don’t know that we’ve
averted it um we’re certainly trying but
we’ll wait for the data and the experts
to tell us um what they see thank you go
ahead uh John hedrin with aler English
will an operation in Rafa affect your
ability to get this Aid in there um will
it not certainly push back that effort
and make things more difficult John you
you know the position which White House
State have expressed secretary Austin as
well um we could not support a Rafa
ground
operation uh without an appropriate
credible
executable humanitarian plan precisely
because of the complications for
delivery of assistance and then on top
of
that the consequences of displacement of
the hundreds of thousands of rafin
already multiply
displaced where do they go how will
their needs be met shelter medicine
Water Sanitation water Rafa itself today
poses significant challenges in all of
these areas the compression of
population uh whatever the number May
today be 1.1 1.2 1.3
million poses enormous challenges Regal
going sanitation
water to remove them again 5 again
you’re three points away you guys would
complicate that in normaly it’s for all
of these reasons that literally four
points away if we get above here you’ll
have good day man it’s already good day
it is a current sense
we on what we believe are ways of
addressing the top of the hour which is
ham almost done with I think we’ll just
start at 11 I’m almost done with them we
get it we understand it but we think
there are other ways to deal with this
and if there is not a credible
executable humanitarian plan then we
cannot support a ground operation but
fair to say that Israel views that
differently up till now that’s our
position
go ahead Elizabeth and then these guys
got to wrap I want to follow up on the
pier how will the US ensure the safety
of Aid workers who are concerned over
the Israeli military’s presence in the
area and role securing it given the past
failures and deconfliction and also um
will Israel’s so-called dual use
restrictions be applied to Goods
entering the
pier sure so um what I can say is that
um there are um conversations happening
every single day um between our
humanitarian assistance team um the dart
in uh Jerusalem sent come on the ground
and our un Partners on the ground uh the
Safety and Security of our humanitarian
Partners is the most important thing um
it’s absolutely vital and they need to
feel safe and secure um I’m not going to
get into specific security measures on
on what’s being discussed for obvious
reasons um but just to say that those
are happening and we’re very cognizant
again as I said earlier that the un
needs to maintain its principles of
neutrality and Independence um and
access throughout Gaza so we are uh
trying to abide by those principles and
make sure that everyone involved um has
uh the Safety and Security that they
need and the Dual use Goods um I’ll
defer to Ambassador saterfield on Dual
use oh I can take dual use so um again
um we so the goods will be inspected in
Cyprus uh by Israelis but also by um a a
team which will include the UN um our
colleagues in Cyprus uh the Dual use
concerns are being discussed um you know
there should be a consistency on what
goes in so we’re not trying to create
like an exception for Cyprus just to say
that uh we continue to have
conversations with our Israeli
colleagues to streamline the process for
inspecting and approving Goods that are
sensitive are on the Dual use list
Michelle go yeah I have two questions
first did the US ask Qatar to expel
Hamas leaders from from there uh second
uh are you preparing for humanitarian
emergencies in case a full War uh a full
scale War breaks between hisbah and
Israel easiest ones yet first answer is
no the second is in the great tradition
of those standing at this Podium I don’t
comment on hypotheticals Laura you had
your hand up in the
back yes you
Laura did you not have your hand up no
oh okay all right uh go ahead doc okay
yeah I want to know so you don’t have
your hand up about giving relief for the
the gazin to be able to go into Egypt is
is Egypt open to taking a lot of the
people to Gaza to to go out through that
into a safe area so that Israel can deal
with uh the Hamas battalions I’ll
comment first and this is is
longstanding commentary um we believe
the future of the Palestinian people of
Gaza lies in Gaza
not anywhere
else Egypt has made very clear a
preceding October 7th that they also
believe the future for
Palestinians lies in Gaza not in Egypt
we understand that point we respect it
so does the government of Israel go
ahead yeah are you in touch with the
organizations Palestinian organizations
like the red crescent as far as with
these updated comms and because we’ve
seen you know uh Medics for example
attacked as well uh by the Israelis so
there there’s a humanitarian Hub at Lish
in which un un agencies are represented
and of course the the Egyptian R
Crescent runs that Hub in close
coordination for delivery of bilateral
assistance non-un assistance through uh
the
prcs and so with respect to our focus on
comms that has been directed primarily
at the UN the UN family of agencies
rather than at uh Palestine red crescent
Society but Sali any further comment on
that yep and one one more question uh we
haven’t seen too many
briefings uh with you um do should we
expect uh more opportunities to ask you
some questions you haven’t seen them I
have been all but about 25 days of the
last 6 and a half months in the region
working the actual issues so I I can’t
promise for the future thank you final
question
damn from the Republic of Cyprus do you
have any updates about any possible
logistic challenges or uh how we move
forward with that
plan um I’m I’m sorry I think I I lost
that second word about any Logistics the
the mar time corridor from Cyprus from
Republic of Cyprus to Gaza to provide
humanitarian Aid yeah so um the update
that I can give you is that we are uh
proceeding um a pace and on schedule uh
working very closely with centcom um we
have colleagues um in Cyprus uh the
government of Cyprus uh we have a a
coalition of Partners working around
this the EU the UK um and then we’re
also working um with centcom and um
Israeli colleagues to set up the um
assistance and the beach landing spot in
Gaza and critically we’re working with
un Partners to handle the distribution
of assistance going into Gaza again you
know this is a humanitarian initiative
uh we’re keeping it in line with
humanitarian principles and um we uh
hope to have more updates for you on
this soon can I ask question about J had
a chance to ask anything in the past if
you want to ask one more question about
jots then you thank you can you can you
tell me um no I don’t have time for your
last question sorry it’s time for
earnings baby so Catt
Adonia I hope you’re ready oh Mike
you’re lucky bro perfect timing Michael
I have I have the earnings previews for
you guys so it is it is that moment so I
hope you guys are locked and loaded uh
we’re going to take on a little bit of
this style from yesterday I have today
for for after hours we’re going to go
over Tesla Visa nase Texas Instruments
STX and Mattel and then for tomorrow
morning Boeing AT&T veritiv human
General Dynamics and Boston Scientific
so we have our work cut out for us but
if you’re not familiar with what we will
be doing we will be doing the earnings
previews and pricing in the options so
I’m going to go over these companies
that I just named to you and I I’m going
to go over some of their past earnings
what is expected from analyst versus
what the company has said how they have
moved and then we are going to go look
at the option chain and see what the
market maker is pricing in then from
there I am going to encourage you to go
look for two standard deviations which
is the strategy and tutorial in the
description of this video says pricing
in options if you go click that it’ll
explain everything and then from there
if there is any plays I will let you
know if I made one and you will be able
to figure it out if you have did your
homework yes you have homework either
watch the tutorial or pay attention from
yesterday it’s one or the other my
brother so let’s go but Chad be wise I
mean the good part is I’m going to
encourage you to figure out the plays on
your own so hopefully that deters some
of the gambling but even then if I do
make any plays they’re going to be low
quality low probability High return and
hopefully I’m going to try to keep them
small but these are not the plays that
are going to save your account or make
you a millionaire so don’t be dumb and
don’t forget that money that you need is
cursed baby longterm still killing it
you know that the long term stop it the
long
amen amen so on that note we all on the
same
page
Buckaroo just s good buddy Bud pal champ
Chief buck G are we good sound good oh
IBM nears acquisition of Hashi Corp yo
who’s Hashi
Corp Hashi Corp which one re e znf IBM
buying somebody I don’t know IBM Cloud
software IBM is dropping on that so
maybe people do not like the ACT o
options are kind of clapped a little bit
I don’t know I don’t know yeah IBM
acquiring hashy Corp Cloud software
provider data dog D are they going up
too we have that early data dogs going
down
interesting near deal uh deal could be
reached in coming days Hashi Corp is at
hcp oh they got halted I had the other
one
damn so you couldn’t you didn’t even
have time to trade it [ __ ] but IBM I
don’t know I kind of want a short IBM
the deal is nearing details for hashy
Corp could come in the coming days
according to people market
capitalization for Rashi Corp is
49 uh they help set up their
infrastructure Cloud that’s it IBM and
data dog oh wait it’s hundreds of tech
companies in that’s who they’re
partnered
with I don’t know yeah they already
halted it so we got it early but the
market makers they beat you to it
somehow somehow but IBM only play is
it’s surprisingly people like it I’m
thinking short IBM I kind of want to try
it but I’m a little
nervous I I’m already owns Red Hat yeah
that was but people didn’t like that at
first and then it helped
them so I don’t
know we’ll
see spy still holding is Hashi still
moving
[Music]
all right I shorted 100 shares of IBM
[Music]
18385 so either Flip or sell out before
earning just depends but I’m surprised I
have not seen like another acquisition I
don’t
know was halted who knew I mean the news
came we got it early but I think either
the first automatic algo candle made it
halted but still it’s a little difficult
the data dog go crazy did they sell off
they want up and down again their
competition for the most part they were
partnered with Hashi and hcp got halted
literally
immediately oh hi
IBM Tesla to buy Tesla to buy Ferrari
that’d be
insane Ferrari is actually very
valuable very very valuable my brother
you would be surprised
oh we got a little bit we got a little
bit there you go
IBM I don’t know how high are they’re
still like kind of up
though they might flush here but all
right that’s
good all right I closed out 200 $ $2 a
share they could still flush here but
it’s good again we were early and I was
kind of unsure on that
one but that was great quick one and a
half
percent Ferrari is Italy’s most valuable
company I mean I’m not surprised anyways
that being said I’m sorry we got
distracted we were supposed to be doing
earnings previews so yeah IBM news we
got that very early I even made a quick
little play there so uh it’s still going
to develop I think there’s still a
little bit more room again IBM is like
literally hanging on for deer life right
now so we’ll find out how that plays out
but oh yep even lower there so y you
could get another 1% on that I don’t
know how the puts or anything valued but
shares wise again we literally hit that
top right there so I’ll take it the news
is that they’re buying uh or looking to
offer to buy another
company nice all right well here’s the
deal I think you already were on the
same page Buckaroo so I’m going to run
through all the previews and then we’re
going to price it all in and then uh
we’re going to go from there sound good
sounds good so number one baby
Tesla your
friend so obviously this is going to be
the most important earning of the day I
mean everybody all lies on Tesla where
this leads I still think it’s a weird
question of being priced in because they
already had their delivery numbers and
it’s already moved quite insane so we’ll
see how that all plays out but as far as
estimates uh they’re expecting revenue
of 22.2 billion
18.89% 73 billion and then 2.1 in
services Gap gross margin of
16.6% adjusted iida of 3.26 billion
adjusted ibida margin of 14.8 EPS of 49
cents cash from operations 2.88 billion
uh IBM breaking the 180s capex 2.43
billion free cash flow
666.66 4 billion energy generation 1.97
Services 2.3 Gap gross margin of 17.3%
adjusted iida of 3.83 billion and
adjusted ibida margin of 15.4 eps of 62
cents a share cash from operations 2.74
billion capex 2.53 billion free cash
flow
5342 million since last quarter January
25th they are down
23.3% S&P is up by 1.8 xly is down by
1.1 near-term options imply 10% move
last last four quarters down 12 down
nine down 10 down 10 Revenue has beaten
13 of the last 20 quarters and EPS has
beaten 15 of the last 20 quarters so
here’s the deal it’s different than last
earnings so last earnings Tesla was only
pricing in like 4% so they are pricing
in more than last time but I remember
there’s I hate this play I hate [ __ ] I
hate it man I hate it I hate it I hate
it but I love it why
somebody’s and then IBM they flushed a
little lower still holding that 180 but
do y’all know do y’all know man I love
it and I hate it there’s something about
it it’s on the preview there’s something
about it it’s the Allure it’s the Allure
of the game do you
know do you
know
yeah let’s see man you tell me you tell
me if you know what it is while I pull
up the option chain so there’s that IBM
that was
beautiful you just short you just sell
if you don’t own
it it’s not Elon being
wild you don’t
know all right I’ll tell
you I’ll tell you
the stock is down 23% on the
quarter so this is why I hate and love
it because I’m pretty sure it was like
that last quarter too and that’s what
also attracted me to it and it still
failed so I I didn’t say no one said it
man calm down calm down you good baby
you
good but literally
that is the problem I remember that’s
what got me to play it last
time so it’s
underperforming and that there’s but
then this time there’s room but then
this time it’s pricing in 10% so I might
be priced in because last time it was I
swear it was only pricing in like five
or seven I I remember there was another
reason why I decided to play it but this
time around it seems quite
expensive honestly I think it’s pricing
in more than the yeah no it’s pricing in
10% so TD says
1435 is that correct 690 +
650
1340 that’s a dollar higher that’s like
in the middle of that number too I’m
down so 1340 divided by 145 10 about
99.2% so that’s correct so 9 to 10% is
the market maker thinks that they’re
going to move uh $13 either direction so
either they’re going to be at like 130
or they’re going to be back at like
160ish or even below 160 so you do the
math it’s a wild range and honestly
those are wild even price points for
Tesla I don’t think I’m going to make a
play on that one even two standard two
standard deviation just double up this
number so that’s what I’m expecting you
guys to figure out all you have to do is
double up it and then see if you want to
play hcp on halted
so Hashi Corp we don’t have any value so
we have no idea what the price is on
that
deal so that’s the only uh I guess I
don’t I I don’t know if you call it a
problem or not
[Music]
uh did I get
filled all right I threw 50 bucks on a
random
hashy there was only one option that was
showing I took it and now it’s flashing
180 on the ask so I think I snaked
it and then yeah I don’t think I’m going
to play play
Tesla I covered the IBM short already
IBM calls U maybe if they bounce it’s
say we need we don’t even know any of
the details so like hashy doesn’t even
have a price so I just bought an option
on Hashi but I have no idea uh any of
the info on there so again there’s still
there’s just no
info TS L and then vix is on the low
well anyways that was Tesla $13 and 50
cents is what’s priced in so many so
many things happening today and then spy
kind of wants to go up or at the very
least volatility is dying IBM bouncing
that was the latest news again they’re
buying Hashi
Corp all right so the next one is
Visa again they’re today after the Bell
they’re expecting 8.62 billion in
Revenue oper operating expenses 2.88
billion non-gaap operating margin
66.8 EPS
$244 since last quarter they’re down by
0.5% S&P is up by 2.4 and XLF is up by
3.4 near-term options imply 3.8% move
last four quarters loss of two Gain of
one loss of one loss of one Revenue has
beaten 19 of the last 20 quarters and
EPS has beaten 19 of the last 20
quarters with one in line so pretty
pretty
interesting Visa it doesn’t it doesn’t
move a lot on
earnings all of the other credit card
companies have done good so far but then
they’re pricing in a decent amount for
how they’ve moved lately to looks like
what
890 like 920 913 we 9915
divided by
27370 so pricing in 3.3 but again it
moves literally 2 to 1% has been the
most it’s moved in the last
year so the market
maker they think it’s going to move $95
cents either
direction so that’ be like the 280s and
whatnot so again factor that in for
whatever strategy if you want two
standard deviations just double that up
and see but again the question is if do
you think Visa could move I think the
credit card companies are appealing but
then again we saw like three different
names all do good weren’t supposed to
move too much but they still like even
they just stayed exactly one standard
deviation so keep that in mind
but 9 like 9930 9:15 so that’s number
two and then the next one is end
phase so end phase they’re expecting 2
181.000 million gross margin Gap
45.2% operating margin loss of 7% Gap
non-gaap 16 EPS 42 cents to share cash
flow from operations
114.5 million capex 17.5 million free
cash flow 72 million next quarter
expecting revenue of 35.7 million gross
margin Gap 46.5% operating margin gap 75
non- Gap 7 or 24% EPS 60 cents a share
cash flow from operations 104.1 million
capex 17.9 million and free cash flow of
64.9 million since last quarter February
7th they are down by
9.3% S&P is down by6 and xli is up by
3.1 last four quarters gain of 17 loss
of 15 loss of seven and loss of 26
Revenue has beaten 17 of the last 20
quarters EPS has beaten 19 of the last
20 quarters forward quarter Revenue has
beaten or EPS no forward quarter Revenue
has beaten 14 of the last 20
quarters that’s for n phas gtls
popping what is this up a dollar
randomly on the
chart so n phase it didn’t say how much
it was pricing in so let’s figure that
out n phase those are my shares from
[ __ ] earnings a year
ago so we’ll see actually you know I
could make a play on that
finally I forgot about
that I can still do something even I
think even my tax date on
it so let’s see what they’re pricing in
it moves
Insanity 14 this is the right
week
1635 that seems to be it oh wow that’s
more than
10% so
$16.35 that seems to be what the market
Mak maker has priced in that’s about
14.2% so they’re pricing in
14.2 that’s a
lot so
$163 would be one standard deviation
that’d be like
130ish or $100
flat that’s higher price but here’s the
deal and now here’s something I mean
this is a good example I was literally I
had these on the screen like keep in
mind like Spotify they were the play
yesterday that was pricing in a lot
Spotify was pricing in 10% and they beat
earnings and they’re up 15% so take a
look the plays still went up in value
but it just wasn’t as crazy and then
they weren’t moving up as much in the
morning like in the morning these plays
were actually still either Break Even or
barely up but then they started to climb
up here a little bit so you could use
this as a guide and kind of see how it
Stacks up but they’re pricing it a lot
but it doesn’t mean that the plays won’t
move but you really need a beat and then
if it does do better it could really go
up into its thing there but that’s end
phase so pricing in what $14 we said
1635 and then spy about to hit a new
high and then the next one is txn
oh damn this chart I for txn those
options did not hit last time so txn
they’re expecting 3.61 billion spy
hitting a new High versus guidance of
345 to 375 billion gross margin of
56.5% operating margin 3 1.2 EPS a17
vers guidance of 96
to16 next quarter expecting revenue of
3.75 billion gross margin of 57.2
operating margin of 32.4 and EPS of a115
since last quarter January 23rd they are
down by 6.1 S&P is up by 3.0 and xlk is
down by 2.6 near-term options imply 5.5%
move last four quarters loss of two loss
of three loss of five loss of three
Revenue has beaten 16 of the last 20
quarters and EPS has beaten 20 of the
last 20
quarters so interesting they don’t
really move on earnings and they have
dropped every single time they’re not
pricing in as much so far I think this
is the cheapest we’ve seen on a earnings
pricing in and then it’s a cheaper stock
so 7
81 79 we’ll go 80 cents priced
in8 divided by
1980 4
444 so 4% flat nice so 8% move I mean oh
wait no that I’m looking at Nordstroms
what I’m an
idiot that’s the wrong one
what company was that txn I don’t know
how I got to
jwn yeah there you go my
bad
165 795 770
7670 was
780
166 4.6
4.7 so you need a little bit more and
again they haven’t moved tooo
much but yeah I don’t know Market maker
thinks that txn will move either
$780 up or down that’s priced in one
standard deviation that’s what is priced
in
currently and then
STX that was the cheapest one though
so STX Revenue 1.68 billion versus
guidance of 165 plus or minus 150
million nonap gross margin of 25.4
non-gaap operating margin of 99.9% EPS
of 29 cents verse guidance of
25 plus or minus 20 cents cash from
operations 91 million free cash flow
49.9 capacity shipped
104.5 since last quarter January 24th
they’re down by 6.4 S&P is up by by 2.9
and xlk is down by 3.3 near-term options
imply 7.7% move last four quarters gain
of two loss of two Gain of seven loss of
nine Revenue has beaten 10 of the last
20 quarters and one in line and EPS has
beaten 15 of the last 20
quarters so they’re pricing in a lot I
thought they were going to price in not
as much I don’t think last time that’s a
second name so Tesla and then STX
they’re pricing in a decent amount I
think it’s cuz they moved they’re down
6% so under out underperforming Tech and
then lagging behind the spy in terms of
gain but like Tech is down on the
quarter and they’re down to
a so 680 damn that says 650 we’ll go
660 about about
87
7.5% so Market maker thinks STX will
move $6 60 cents in either direction 7
and a half% that’s a lot so again I
don’t think I’ll go for this one either
last time all of these plays were
pricing in like half of that so lowkey
there’s a little bit more juice on the
Chain bro oh
no and then the final one for after
hours
Mattel toys
Bobby so Mattel uh they’re expecting
revenue of 83 3.5 million adjusted gross
margin of 46% adjusted operating margin
of loss of 5.2% eps loss of 13 cents a
share full year guidance December net
sales comparable year-over-year adjusted
EPS a135 to a145 adjusted iida 975
million to 1.02 billion adjusted gross
margin 48.5 to 49% and free cash flow of
500 million since last quarter February
8th they’re down by 4% S&P is down by 04
and xly Y is down by five last four
quarters Break Even loss of eight break
even and gain of six Revenue has beaten
15 of the last 20 quarters and EPS has
beaten 17 of the last 20
quarters Matel May oh they don’t even
have weeklys so going to be a little bit
harder to price that this one didn’t
have a a pricing even on the
preview 19 so $180
$1.70 so again this factors in some time
so it’s not as accurate but 175 divided
by
18
89 what no I did that wrong I did
times so
9% I mean not bad couple earnings
they’ve done absolutely nothing their
biggest earnings was 9% to 8% to the
down
side so I don’t
know yeah so Market maker thinks that
they can move about
a170 that one’s
interesting but I mean a dollar like
three dollars will be so a170 around $20
will be one standard deviation again
it’s just a cheaper play you get a
little time but again they had a higher
value so if you think they’ll recover
because again those earnings are
forecasting a little bit of a
loss about Boeing earnings tomorrow
morning is there any chance I would want
to talk about it I think there’s a high
chance Sandy because that’s next in line
so I’m done with the ones for this even
this evening after hours so uh I don’t
think I’m going to play any of those to
beon be honest with you maybe Tesla or
end phase but these are all dog [ __ ]
they’re all I had V oh Visa I forgot to
do Visa or no we did do Visa I have a
play on Visa but I might sell that one I
made a call on the morning of what was
I’m up 3% on it but yeah other than that
there’s a couple more after the Bell but
I don’t have previews and I don’t think
I’m going to play them so there’s still
Steel Dynamics chubs Baker Hughes and
Weatherford uh I do think chubs could be
interesting cuz it’s insurance but I
don’t have a preview on them but I don’t
think and again all the ones we went
over they were they were there man they
were just they were expensive why sell
the V I mean it was cheap I only spent
$30 but I do think
Visa where was it it was pricing it was
pricing in 38 but they just like don’t
move a lot but then again all of the
credit card plays financials have lowkey
been fire so maybe but we’ll come back
to it it depends if I make another play
but that’s we’re done for the evening so
no plays one standard deviation or two
standard deviation except for Visa but
then we’ll we’ll we’ll double check if
we hold but now coming into the morning
the first one is Boeing I’m Bo Boeing
back back to Cali
Cali IBM we got out of the IBM
so Boeing the world’s safest favoritest
company in the world revenue is expected
to be 16.24 billion operating margin Gap
loss of 2.8 commercial airplanes loss of
16.7 defense loss of6 Global Services
loss of 08 EPS a loss of $163 a share
free cash flow loss of 4.49 billion
versus guidance of loss of 45 to 4
billion since last quarter January 30th
they’re down by 15.2 S&P is up by 1.3
and xli is up by 6.2 near-term options
imply 5.2% move last four quarters gain
of five loss of three gain of nine Break
Even Revenue has beaten 10 of the last
20 quarters and EPS has beaten five of
the last 20 quarters
[Music]
I don’t know there’s something
interesting not only is it
underperforming but something caught my
attention let me price it in I’m a
double check but let’s see something’s
kind of interesting off of first
look what is that 167 uh yes 95 billion
US Aid package for Ukraine Israel Taiwan
has enough Senate votes to advance
I don’t want
that so
570 or no 870 that’s 890 we’ll go
880 oh I did the wrong
price yeah something’s interesting about
this
one very interesting Bowen you’ll love
the way you fly I guarantee
it something
interesting do you know
brother so remember I was telling you
like with everything going on I felt
like Boeing would be pricing in a
lot but ironically enough they’re
underperforming everything but they’re
only pricing in 5.2%
so I don’t know something has to already
be priced
in because it’s e it’s either it’s cheap
to a degree considering everything going
on or everything is priced in and we
shouldn’t be expecting that
much but that’s I’m honestly so I I was
wrong I thought Boeing would be I
thought Boeing would be pricing in seven
n maybe even 10% but it is pricing in
about 5% so not too bad the market maker
thinks they will move $8
80 either
direction so that is one standard
deviation for
Boeing so not too
bad all right the next one I have on the
list good old
AT&T more like at& P because it’s
piss they suck so AT&T surprisingly
makes a lot of money though Revenue 30.5
billion all funds is said to abandon
potential sale disc
question they’re expecting 30.5 3
billion in revenue ebaada of 10.95
billion EPS 53 cents a share capex of
4.84 billion free cash flow of 2.46
billion Communications uh what are these
prepaid ads of 10.9 postpaid 429
postpaid churn
1.0 uh ESG metrics full-year guidance e
iida 44.7 billion EPS
$2.15 to 225 since last quarter January
22nd they are down 47 S&P is up by 26
and xlc is up by 4.9 near-term options
imply 4.6% move last four quarters loss
of three gain of seven gain of one and
loss of 10 Revenue has beaten 10 of the
last 20 quarters and EPS has beaten 15
of the last 20 quarters with three in
line not bad so not pricing in as much
remember they they were a little bit
more jerky them and Verizon and then
Verizon did good but they still sold
off so
1650 it’s like what 74 yeah 74 cents
exactly so Market maker thinks
AT&T will move 74 cents either direction
it’s about
4.4% 74 cents
not bad so I’m not literally a little
lower than oh no that’s
Boeing I think it moved less last
earnings and then more on the other one
so yeah a little higher than where it
moved last time and then almost half
little more than half of where moved
last the the other time yeah I think
tsm’s running a lot of Chad’s been
calling that it’s on the high tier now
too that was AT&T the next one is
veritiv
VRT so this one’s kind of crazy they’re
expecting organic growth of 6.2% Revenue
of 1.62 billion of one uh versus
guidance of 157 to 1625 so analysts
think they’re going to come in on the
high end adjusted operating margin 13.5
vers guidance of 127 to 132 again on the
highend EPS 36 to vers guidance of 32 to
3 6 again analyst all on the high end
next quarter expecting organic growth of
8.9 revenue of 1.9 billion adjusted
operating margin of 17.2 in EPS of 55
cents a
share uh fouryear guidance expecting EPS
of 220 versus 226 excluding items
Revenue 7.51 billion to 765 billion
operating income 1.27 5 to 1.32 billion
free cash flow 800 to 850 million
excluding I
since last quarter February 20th verv
has gone up 25.9 spy is up by 0.5 xli is
up by 33 near-term options imply 13.2%
move last four quarters loss of six loss
of four gain of 29 and gain of 11
Revenue has beaten 10 of the last 17
quarters and EPS has beaten 11 of the
last 17 with two in
line so they are
outperforming they used to move a little
crazier last two earnings they did not
move much but you’re still pricing in a
pretty
penny and then this is one of those
breakout stocks
veritiv so
780 no 880 that’s like 863 we’ll go
870
but yeah so they’re pricing in 10.9
so it didn’t move that much on the last
two earnings but the quarters before
that how it got here I don’t know that
one could be interesting what is that
pricing in 87 on
veritiv I don’t know what that would
look like so I don’t know that one maybe
look at it but otherwise it does look
expensive it just has like a crazy
history so that one’s on
you but very ver ative ladies and
gentlemen
Vera all right the next one
umana oh
brother so I’m still worked on these
shares I got clapped on these from the
beginning earnings remember at the
beginning of the year so they’ve been
getting killed off the Medicaid again
the guidance and how much they’re
getting not changing so they’ve been a
[ __ ] show uh we did good on the post
earnings last time they’re expecting
28.5 billion in Revenue uh benefit ratio
Gap 88.9% adjusted operating expense
sgna 10.3% EPS of
$612 a share full year guidance of 16
cents a share since last quarter they’re
down
7.5% S&P is up by 1.7 in XLV is up by
0.5 Tesla to terminate 2,000 employees
in Fremont War notice I don’t know if
that’s a new one or
not and then XL V up by 0.5 near-term
options imply 5.3% move last four
quarters loss of 12 loss of eight loss
of seven and then gain of six Revenue
has beaten 16 of the last 20 quarters
and EPS has beaten 19 of the last 20
quarters so they’re pricing in the least
they’ve moved in a year pretty low but
then again I mean they’ve moved a lot
where you could be arguably pricing in a
lot
too so human
up
325
176 TD says 1780 we’ll go
1770
5.4 1770
and spy still holding
up it’s actually about to hit another
high okay that’s
human then
GD General Dynamics a little bit of
defensives they’re at all-time
highs so they’re expecting 10.3 billion
in Revenue operating income 1.06 billion
operating margin 10.3% EPS $293 a share
full year guidance total revenue 46.3 to
46.4 billion overall operating margin of
11% EPS 1440 with reasonable range of
1435 to 1445 since last quarter January
23rd they’re up by
14.4 spy is up three Industrials up by
66 near-term options imply 3.4% move
last four quarters gain of five gain of
four gain of two loss of four Revenue
has beaten 12 of the last 20 quarters
and EPS has beaten 17 of the last 20
quarters not so bad
man not so
bad talk about
Apple so in the beginning the Lord
created the heavens and the Earth you
know and then he made the animals and
the critters and then he chilled on the
7th and then I’m hold on I’m leading
into
it and then after creating all these
beautiful things he said you know he
wanted to make man to dwell so then he
created Adam and then he made Man In His
Image but then he said it is not good
for man to be alone you know that it’s
not good for man to be alone so then he
took the rib of Adam and made woman man
bro seriously
that’s your response to
me that’s your imagine bro like I’m like
imagine I I came to your office with a
PowerPoint presentation about General
Dynamics and the earnings that will be
presentated today and during my
presentation you proceeded just talk
about Apple talk about Apple talk about
Apple talk about Apple talk about Apple
talk about app and then you want to
seriously me that’s what I’m the
seriously one mhm yeah I did presentate
it well anyway I didn’t even get to the
part about the Apple so then it’s not
good for man to be
alone
anyways but yeah General Dynamics it’s
only pricing in three so let’s get to
the option
chain let’s see what we got
here that’s crazy General Dynamics is
like killing it for a defensive like
absolutely wrecking it
290 250
420 six so $7 what no six yeah I gain
seven that says
870 I give it like 725 that’s
crazy so I have a big gap between the TD
number and what’s on the option
chain that say
2.4% so not much but again it seems like
they have post I just think they’re up a
lot and it’s expensive but General
Dynamics $725 to maybe
750 you know what I’m
saying Pentagon calls on government of
Iraq to take necessary steps to defend
US forces
all right that was General Dynamics and
now the last
[Music]
one Boston Scientific they make crazy
robot dogs they do other stuff too but
like sadly that’s all I give them credit
for but it’s
dope so Boston Scientific they damn
analysts think
88.3% organic growth versus guidance of
7 to9 okay 7 to9 I thought it was 7.9
revenue of 3.68 implies 8.7% versus
guidance of 75 to 95 uh cardiovascular
2.3 billion gross margin 70.5% operating
margin 25.9 EPS 51 cents a share verse
guidance of 50 to 52 cents a share
four-year guidance EPS of 223 to 227
excluding items Revenue growth 8 1/2 to
9 1/2 year-over-year organic growth 8
to9 since last quarter January 30th BSA
X is up by 9.8 S&P is up by 17 and XLV
is down
by5 near-term options imply 5.6% move
last four quarters gain of three break
even break even break even and revenue
has beaten 13 of the last 20 with one in
line and EPS has beaten 15 of the last
20 quarters oh wait no Boston Dynamic
you’re right it’s not I did confuse the
robots my bad my bad my bad my bad I
just testing you I wasn’t but you know
all right bsx so really does not move
but lately it’s just decided to move and
then they are also
outperformer and they don’t have weeklys
so kind of weird what it’s pricing
in I think about 5% l i just eyeballed
it I skipped that one but yeah
sadonia that is it for tomorrow morning
so like I said I’m skipping a couple so
we went over Boeing AT&T Veri of human I
don’t have odfl you’ll have AP M fenol
if you’re interested in that and then
there’ll be MHO homes and then Biogen I
like Biogen but surprisingly I did not
have a preview I think biogen’s probably
just related to their thing so I mean
honestly I’m going to do the plays
afterwards but I mean I only have have a
couple of ideas out there surprisingly
but it’s not that many I don’t I don’t
really want to make that many plays I
have a couple of crazy ideas we could
talk about them but for the most part A
lot of them are pricing in a lot more
than last quarter which is kind of
surprising so we will see
[Music]
let me
see I need to check this all right no I
didn’t make any plays yet I just went
over what was expected I’m GNA start
making some plays just let me run some
numbers real quick I need to double
check software that goes into uh these
defense systems that they are a big
maker of and they talked a lot about how
that longer term that is where the
opportunity is they also pointed out
there’s only a handful of players in
here that can do what they do a lot of
consolidation RTX and a couple other
companies and that’s pretty much it uh I
want to end with the F35 yeah what what
update did we get on the F35 l no cost
there we got no update
on yeah I mean they would not talk about
this at all they said look they’re aware
of the clawback that the Pentagon is
already issued but again they said at
the end of the day that’s not lost
Revenue it’s simply deferred revenue
because once again nobody else is going
to deliver an F35 it may come late but
they’re the only ones who can deliver it
this goes back to what you say there’s
only you know at this point the the
industry has Consolidated so much that
there’s only a few players and once you
commit to a program right you’re kind of
committed on something like this
absolutely um interesting stuff um thank
you so much anytime for you too anytime
for you as well as we said uh lucky
Martin shares they did rally earlier in
the session but uh definitely that has
kind of Unwound as the day has gone on
so just little change at this hour hey
uh we’re still seeing stocks move higher
as we get closer to the close the uh S&P
500 up 1.3% the NASDAQ Composite up 1.8%
the Dow up 7/10 of 1% of course Tesla
happening after the Bell today shares of
Tesla right now Higher by 2.3% and
speaking of the cloes remain we’ll be
leading uh the cloth coming up next on
blueberg television so that’s coming
your way in just about 10 minutes time
uh coming up for us here at business
week we’re going to talk a little bit
about drone racing it’s apparently a
thing John Tucker knows about it this is
what he does on the weekend you know
about drone racing I don’t know about
drone
racing my show can wait well it’s uh
yeah it’s a thing guys we’re going to
get into it that’s our one more thing
coming your way
just not Roma I get this guy all right
to include NOS working with us we’re
almost done I’ll let you know if I make
any place I’m just there’s a couple I
want and then I have two crazy let me
check a couple of options and then I
have a couple of share plays I want to
do so we’ll talk about it we’ll talk
about also so when the aid is loaded
from Cypress and it goes to the pier is
it going to be the US military
exclusively transporting that aid from
Cypress to the pier or is it also going
to be commercial vessels sure so as I
understand it uh what the capability
capability capability allows us to do uh
is you have the temporary Pier uh which
is of course several miles offshore uh
which can receive both military and
civilian vessels uh but then it’s
transloaded onto the pier put onto
military vessels uh logistic support
vessels which are US military those are
the vessels that will then take the aid
to the con or to the causeway where it’s
then loaded onto non-military trucks you
know driven by uh NOS
um that will then take the Aid off the
causeway into an assembly area and then
for further distribution throughout Gaza
so milary will not be driving those
trucks on the as I understand that is
correct yep right let me go to the phone
here real quick Tony capaso
Bloomberg hey Tony hi Pat on on Ukraine
and a p upcoming PDA what gives you
confidence that the dod is going to be
able to move within days to get all this
equipment and get it transported uh in
transit to Ukraine is it because of the
basing structure already in place and
has DOD kind of earmarked a shopping
list of items that you’re ready to pull
the trigger on once the president signs
the legislation yeah thanks Tony well
you’ve been following uh thanks to
organizations assist group Ukraine uh
and plus uh our efforts with
International allies and partners we
have created a very robust Logistics
Network to enable the uh the delivery of
Aid into Ukraine uh so again uh you know
more to follow in terms of what the
specific security assistance will entail
um but there are you know certain things
that of course we can uh work to have
get there faster uh and so again we’re
going to do everything we can to lean
forward employ that robust Logistics
Network capability uh employ the the
relationships that we’ve built with our
International allies and partners uh to
get Aid there
quickly let me go to Jeff shle task and
purpose Jeff
shogo uh thank you I’m seeing media
reports that the next uh military
assistance package to Ukraine once the
president signs it will be1 billion do
now the Senate has passed cloer on this
so now it’s just waiting an up or down
vote day one bio gets FDA accelerated
approval confirm the1 billion figure day
one bio yeah thanks Jeff i’ I’ve seen
those press reports um I don’t have
anything to provide at this time and of
course I’m not going to get ahead of the
process as you highlight we first need
the the Senate vote uh and then Congress
to send that was earlier they already up
0 bill president uh to be signed into
law and so once he signs
that to discuss any potential security
assistance packages uh to include the
details of of what would be in that
package thank you come back into the
room here yes sir thank you General uh
state department has um actually
published the annual country report on
human rights uh practices and in that
report there was the section for uh
Israel focusing on the Gaza War uh and
the casualties amongst the civilians
journalists and uh international human
rights workers is there any new
precautions that the Pentagon will take
against the uh Israeli army or about the
arms uh uh support that you are
providing to Israel in uh this framework
any restrictions future restrictions
yeah thanks um I don’t have anything to
announce today other than again uh we
continue to uh discuss the importance of
Civilian safety and the importance of
delivering humanitarian assistance to
those in need within Gaza with our
Israeli counterparts on nearly every
single conversation that we have and
we’ll continue to have those
conversations let me go to Missy and
then we go to car um p is it still true
that the um DOD has not received a plan
from the Israelis for um their
evacuation of civilians from Rafa or the
military operation that they’re going to
do because now there’s been some reports
like from the AP and others showing that
um tent cities being built up R Han Unis
suggesting that they’re beginning the
evacuation plan um have you guys gotten
any more clear information from the
Israelis on that um sure so you know
with the caveat that I’d refer you to
the IDF to speak specifically to their
their operations um I can tell you that
coming out of the the recent meeting uh
that was hosted by the White House um
the US and Israel have agreed on the
shared objective to see three Harris
Cuts 5% of Workforce Shar their thinking
uh We’ve shared ours um but um in terms
of um you know what their looks and then
not a recommendation I made all my plays
uh actually I’m over there’s only two
that I’m considering now but I made a
play on AT&T I only did calls uh on AT&T
to standard deviation I grabbed more
than one I spent less than $20 total but
I only grabbed calls for May 17th so
instead of going next week I went to May
17th and then I grabbed two standard
deviations AT&T was pricing I don’t
really like it as much it just pricing
in the least amount last two earnings it
didn’t do anything Verizon had good
earnings and then last earnings before
that it was moving 10 15% in that value
mode so that’s the only other one I
think every other play was dog [ __ ]
Boeing I considered Boeing but I priced
it in for two standard deviations and
unfortunately two standard deviations is
going to cost you $100 both ways so
you’re going to be spending $200 if you
want to play it round trip but if you
want uh two like three standard
deviations it’s cheap on Boeing but then
at that point I think you could just
wait till tomorrow morning you don’t
really have to play it now so that’s it
two standard deviations check go to the
description of this video and it says
how to price options or pricing options
and watch that and you’ll un you’ll
never miss anything on here you’ll get
all of the earnings previews we’re going
to do for the next like month or two so
yeah Boeing was enticing cuz I thought
it would price in more but it’s still a
little expensive uh and then I have two
ideas I actually I could do nothing also
I could just walk away with AT&T being
the play but I have two plays that I
want to make so one end phase remember I
have old shares from about like a I
think a year and a half ago at this
point I have old shares of end phase I
don’t want to play options but I would
be down for an average down just on
earnings to hopefully flip out of it or
get a good average limit losses and then
finally close I could either do that on
end phase or I could do it on human oh
yeah I have Visa I
forgot or I could do that on
human
or I sit and do nothing and then just
keep holding them so that is something
I’m considering I’ll let you guys on
that I’m going to go to the bathroom we
have power hour to think about it but
those are uh those are play ideas that I
have I bought a call AT&T yeah two
standard and then I have a Visa that I
grabbed in the morning I want to sell it
and then you guys are like why sell it I
spent 30 bucks but like I’m not too like
I don’t know I’m not too sold on it in a
weird way
then again V is the same place from last
earnings sit on
hands could could wait winner winner
chicken dinner do nothing all right
we’ll see man we’ll see Tesla another
one my goodness just let Visa
Run all right well we’ll see let me go
to the bathroom you know Look Away look
outside blink a little bit Joe referred
to what’s going on with the Tik Tok ban
in this latest measure and the
everything wor Amazon’s ruthless quest
to own the world and remake corporate
power is the subject of a new book it’s
all
next get stor that yeah that was leading
it’s leading Netflix still going again
those plays were beautiful
man and now the question is do you ride
the the Netflix or do you take a good
game you almost have 250% on the
Netflix again those are just from again
we hit the other Netflix’s before but
we’ve also let some netflex expire but
like I said here 580 if Netflix gets
above 580 he’s back in business he’s
back in
business yeah you’re right there
bro right there oh power they’re already
back 2% on the day near the highs of the
session the NASDAQ 100 also feeling the
love up even higher
1.7% and the likes of those
semiconductor stocks like Nvidia also
feeling those gains you have the
Philadelphia semiconductor index up
nearly 2.6% on the day even the bond
market here getting a bid Romain of
course some softer economic data this
morning as well as a record auction in
that 2year yeah we’re going to talk
about that in a second but let’s talk
about the mag 7 six days of losses for
that cohort here well that’s now giving
way to backto back gains the strongest
two-day surge right now for the group
since the start of March for the mag 7
reporting this week and as pasta news
once said the stakes is high those seven
Mega cap stocks making up 29% of the
waiting in the S&P 35% of the waiting of
the NASDAQ 100 so as they go so too goes
the market five of the seven are
projected to report double digit
percentage gains in earnings and in
Revenue with apple and Tesla the only
outliers Apple earning still a week away
but Tesla set the post in just about an
hour or so from now stay tuned full
coverage up ahead now not everyone is
sold on the rebound rally JP Morgan
strategist Marco kovich says that while
earnings May stabilize price action in
the near term he’s actually concerned
about complacency and some of those
Equity valuations he posted a laundry
list of reasons he sees softness ahead
that includes Rising bond yields
elevated oil prices High stock market
concentration as well Goldman Sachs
tactical specialist Scott rubner agrees
saying his Banks trading desk is shows
CTA momentum Traders right now modeled
to sell stocks over the next week no
matter which way the markets go and
here’s one reason why while forecast 4
earnings growth points a continued
economic strength those pairwise stock
correlations within the broader Equity
Market they started out the month of
April at multi-year lows and stock Bond
correlation Chenal they have been flirt
re flirting with re entering negative
territory that typically is a sign of
more softness ahead I have some more
signs for you too we’re talking about
those earnings expectations and just how
much this quarter really matters Roma
because when you look at the Magnificent
7 the expectations for the first quarter
alone it is really expected to drive the
S&P here to the tune of 38% EPS higher
just for that mag 7 that’s even with
profit except this is soften over there
over a Tesla now if you look outside the
Magnificent 7 it’s a much different
story expect to declines on the first
quarter but even with Roma the magnes 7
here you still have expected softening
throughout the year so it begs the
question on whether the first quarter
results are enough to lift this Market
higher for the year all right one big
pillar of course of the equity Market
one big pillar of any potential gains
remains earnings but the F Market also
of course still focused on macro still
focused on monetary policy is all of
those elements sort of mash up together
today and over the next week and a half
Ash Allen car joing us right now global
head of asset allocation and portfolio
manager at Janice Henderson to help us
kick off to those closing bells and Ash
I do want to start off on monetary
policy and more importantly some of the
inflation expectations because before
this earning season started that really
was the narrative out there on Wall
Street and I Know It Takes a backseat at
least this week but it’s going to rear
its head in a big way in just about a
week’s
time well uh thanks for having me on I
think at this point in the cycle of
monetary policy it’s important if not
essential for us to ask the following
question and re reconcile the following
facts how can inflation drop from its
peak of 9% in 2023 to about 3 and a
half% today yet the impact on economic
growth the impact on economic activity
has been minimal at most where are these
so-called lagged effects and this is
despite the fact that the FED has
increased the cost of financing has
withdrawn the supply of money from the
system at the fastest rate in nearly
four decades um so why hasn’t there been
any consequences on the overall economy
and I believe the answer is quite simple
monetary conditions have not been as
tight as we think they are at a Fed
funds rate of 5 and a qu% yeah if the
neutral rate is
25% which is the fed’s believed level of
where economic growth and labor um the
strength of the labor market is not too
cold it’s not too hot it’s just about
right that certainly tells you monetary
conditions are very tight because it’s a
300 basis point spread between the
overnight interest rate and the neutral
rate but what if what if the neutral
rate is much higher than 2 1/2% what if
it’s closer to 5% then at a five and a
quarter fed funds rate monetary
conditions are nowhere near being tight
the price of money the cost of financing
is nowhere near being expensive
everything is about fair but Ash if that
is the case about fair is there a
consequence to that or are you basically
describing I guess that kind of
proverbial goldilock
scenario so there’s a big consequence to
that and and the big consequence to that
which is relevant today if monetary
conditions aren’t tight it’s going to be
very very difficult a for inflation to
fall back to 2% this 9% drop or the drop
of INF inflation from 9% to 3 and a
half% it likely had everything to do
with Supply coming back online and very
little to do with monetary tightening
very little to do with the actions the
FED took to increase the price of money
to increase the cost of financing so to
get you back to 2% the Mantra has to
switch to higher for longer the Mantra
has to switch away from pivoting towards
accommodation anytime soon but what do
you think about this neutral rate do you
think that the reason it’s drifting
higher is in part because of growth or
do you think that growth gr might suffer
you look at some of the economic data
weakening just this morning and
investors are shrugging it off thinking
that maybe we can get those rate cuts on
the horizon but people are not talking
enough about this potential stagflation
scenario how would that read
across yes so why do I believe that the
neutral rate is higher um it has
everything to do with productivity if
you remember back to the 1990s greenpan
believed the neutral rate here in the US
yeah Biden is live right now I don’t
know I think that’s I think it’s good
though I’m still contemplate I went I
grabbed a protein I thought for a little
bit so you went with the Boeing calls
good luck again I I think Boeing I
thought it’ be pricing in more so that’s
the good part I’m still I’m
contemplating on doubling down on uh any
any losers that have earnings right now
again either end phase or human uh but
it’s tough it’s tough it’s tough doing
nothing is always an option and I could
always wait and snag some but again if
there is going to be some big movements
now would be the time I’m still in
Netflix our Netflix options are up
200% so we’ll see and then again it is
like this is the gap for you’re like $4
away 580 that’s that’s what sucks
because if it gets above there there’s a
lot of upside there to fill that gap on
earnings otherwise if it rejects I mean
it could come back down but we got a
good bottom tick on it
I grabbed AT&T that’s my only one
otherwise every earnings is pricing in a
lot Tesla is pricing in 10% last
earnings I swear it was like five or I’m
sure I have the screenshot
somewhere maybe if I go find
it if I really want to look I’m I think
I kind of do but I swear Tesla was
pricing in uh I swear it was like 4%
last time but every other play even
Texas Instruments STX they were pricing
in like 2 3% last time this time it’s
like 7
8% yesterday’s plays didn’t do too bad
ups that one was good in the morning
then failed and then GM did nothing but
again GM was a lot cheaper and then the
GES hit at like 200% I think 2 300% and
then we’re still out of the money and we
got a little bit of time on those so if
you sold the GE I think you would have
lost like 30 bucks out of all the plays
I think or maybe even made or broke
broken
even on Netflix I have till next
week I want to see Tesla’s learnings it
was
January yeah vert that’s their last one
I still have all these previews from
last time that’s why I’m like
huh toast DraftKings where the hell is
Tesla
twio khc Zillow
lift that’s
February Tesla’s hiding
[Music]
Square I wish I could tell
you Netflix that’s Netflix 8.1 yeah look
txn four this time I think it’s pricing
in
seven that’s little
nuts that’s from last
earnings I’m trying to find the
Tesla Delta no I don’t see
it I can’t find the Tesla for some
reason he’s
hiding people talking about Elon leaving
if the proxy thing doesn’t pass
that’d be wild I think remember he
talked about he was just saying like
putting AI stuff under
it under Tesla I think he’ll try to like
work on other
things but
yeah oh no I only like I said I only
want either the Double Down plays or not
but I’m still kind of on the
fence the proxy thing is he wants the
59 or 60 billion pay package he’s trying
to get that again and then he is uh
trying to move the company headquarters
out of Delaware into
Texas why hold my Netflix play when
you’re up already I don’t know man I
don’t know
$60 billion paper that’s is impressive
it’s
impressive yeah they’re doing good 570
again 580 is I’m I’m going to see how it
trades around
there there’s one other thing I wanted
to see again we have the
Visa again the GES like we said those
worked out a little bit
would he sell his shares if he left no
he doesn’t have to unless he wanted to I
doubt he would again the whole remember
elon’s thing is he’s trying to get more
shares let’s
see can you put 60 billion in a bill and
get 3 billion yeah you would do it in a
more like efficient way like a money
Market or buying like a physical Bond
because even then that
05% fee is a lot and then you want to
make sure there’s no slippage so ideally
you would probably buy a bond with that
large of an amount but yeah
it sucks hum is on the top end so that’s
like
even they’re still even trading a [ __ ]
ton these aren’t even earnings
anything tomorrow pre-market just
AT&T that was the only other
one sold our S I screw
it well good luck man good luck
so
far I mean people like it I I get asked
about that thing a
lot bsx is pre-market I’m not playing
that so AT&T that was the only play I
settled
on and then how much we got 45 minutes
left not bad bro not
bad alrighty am I out I’m out I made
another
move so just in case if I do want to
make some
place but I took profits on
Nordstroms so I sold out I got about
just under 2
3K but yeah got out of that and then if
it ever drops back down we’ll buy it
again I think it’s going to go to 20 and
I think you might get a little bit more
but like I said I’m just going to play
the back and forth no I bought this a
couple days
ago but I mean it just I don’t know it
doesn’t just did it thing man did its
thing but
GG’s so I’m out of
that Tesla
Microsoft what was the other one and
then
visa and then again we still have the
Netflix’s I’m waiting to see 580 elf has
been on the high Netflix I mean the
plays are up a lot so I think Netflix is
going to move around for sure I mean
it’s either going to break out from the
cell and try to recover a little bit
here or it fails here and then your new
range is going to be pretty much 580 to
540 is if if that makes any sense so if
you can’t hold here you’re probably
going to get banished to 580 to 540
maybe even lower so that $40 range or if
you get above here 580 back up to even
630
all
right but yeah I think we’re done I
think we’re done with earnings
place that’s it if I change my mind I’ll
let you know otherwise good luck and
then again we just sold Nordstrom so
that was a good one good Arbitrage on
the buyouts still in the Gil that’s the
only one that’s the other one we need to
monetize and cas says if you did get
that one that one did
good and we got 40 minutes remaining
Tesla I don’t have a play on it it’s
pricing in a lot like I’m telling you
compared to last earnings Tesla wasn’t
pricing in that much it was
underperforming that’s why I wanted to
play it but this time around Tesla I
mean it it has a lot of juice it has a
lot of juice so it’s it’s not cheap I
think the range like one standard
deviation on Tesla it’s pointing it’s
literally pointing to either
130ish I believe one it’s like a $15
pricing in 130ish or like 160 so which
is crazy because then it’s like it
either gets back up to here where it
just was and there’s a lot more upside
from there or 130 and then like I told
you if you start hitting 130 it’s like
you’re going to hit 100 so it’s a pretty
wild one but this time around it’s
pricing in a lot they’ve moved moved you
know a decent amount every other earning
so we’ll
see Tesla will be interesting from
afar indeed my brother
indeed TLT Break Even yeah I mean
remember all day it started off lower
you got your little relief kind of like
towards the end of last week not really
but I mean remember this was all just
off the data so I mean Market really
liked it but remember the whole Bond
Bond land is still weak even though but
there was a good Bond auction too I
forgot about that the two here
see
CIS oh meta I don’t have a play yet but
meta will be I mean I don’t know if
there’s anything I don’t think Tesla’s
going to affect meta too
much but just general sympathy but yeah
meta is one to keep in
mind that gas
running meta will not be cheap damn
meta’s meta pricing in
10% yeah you’re you’re probably not
going to be able to play meta that’s
insane actually that is absolutely
insane FTC bans non-compete agreements
for workers oh like in
general that’s crazy
but even then meta that’s kind of
nuts Philip Morris that’s still going
from the beginning of the day again
earnings tobacco
tobaki but like yo this is
crazy meta is chilling at 500 and it’s
pricing in like $40 for earnings so it’s
pricing in just under 10%
but that’s kind of nuts to think
about that means
what either go back to
460 or then it goes up
to new High 10 20 bucks
higher I guess it’s moved a lot
yeah but that one I think meta is at the
it’s at the center of both the consumer
and then the AI stuff Philip Morris
there printing on the high ticker again
and then Tesla is after hours so no
plays here for earnings on that except
for
AT&T and FBI security director Tik Tock
represents National Security concern
it’s in 7 minutes till 3:30 ramp yeah
Philip Morris up three I think again is
ultra Ultra earnings on Thursday
morning tomorrow is Wednesday you have
th on the PM calls
nice I thought PM would get or alra get
a little more sympathy with
the Apple they held up that’s going to
be an again Apple’s still down 20% from
their last high or like alltime
high General Motors voluntary separation
program was sub was complete I don’t
know what that means AT&T I only went
callide stock is cheap so the puts don’t
really have a good risk reward because
it’s limited Square still going up man
and then the PayPal look at the
PayPal this guy I forgot about PayPal
that’s going to be interesting for
earnings and then let’s let’s see the
long term longterm did come up today
which was nice considering the pain for
the last
month I can buy the whole chain go away
when would you buy the whole chain I
mean if there wasn’t that many options
available you know if it was like more a
liquid to say the
least maybe that could be a
time so long term so this is the long
term on the month you hit your high and
then proceeded to die asking many
questions like like why so then here’s
your year to date it’s crazy to think
you this is where you were at at January
even then remember those first couple
days of January and then afterwards we
started getting clob then you had some
earnings
bro but this is 172 so we’re going to be
like back up to here we’re going to be
back up to
March where’ that be still low though
it’s still going to going to be like in
between in between
here you really like the new Uncle song
am man baby I like it too it’s a good
one n kill slos got my prouns
right what’s the volume like I haven’t
even looked at the dollar yet volume
very low 43 we might do yesterday’s
volume but it is the last two days of
bouncing up here I mean it has been
lower volume so unfortunately I mean you
do have your relief but remember what I
was telling you guys on the watch list
yesterday it’s not real nothing is real
it could either go a lot higher or just
as easily as we got it it could be taken
away is it just a little bounce right
now I mean we got to let that data and
then again today’s date is supported but
the bonds are now starting to slip a
little bit Visa running up Netflix is
still going too so that one’s nice I
don’t know if the V the Visas didn’t
really get like earnings
hype up
6% I know if those do like 100% somehow
buy clothes I’m down to sell them
otherwise I’ll ride them out if y’all
y’all
insist Smuckers I’ve been seeing that
all day again wait for
580 on netflx
then Visa only
69 XP was hitting highs
earlier Nidia Nvidia is running into the
highs almost
4% so again even your little chip
recovery today that still found a way to
hold up
Celsius I forgot about that one we had a
good uh play on that last time damn it’s
at 72 I just recovered all of
that man this has been a it was a wild
earnings and then like a wild like intra
earnings not it was just like the end of
it and it just got weird
my
goodness my goodness chatted down
here Market on close I do not know I
think you’ll get a early number in about
two
minutes and then we could uh go from
there my prediction for
Tesla I don’t know I I’ll pray that they
hold up I I think it’s they’re at a
weird spot and I don’t know if it’s
priced in or not I do I don’t know
correct me if I’m wrong but I do think
this margin would be their lowest margin
in like 5 years or something so we’ll
see but hopefully they just don’t come
out with any bad news and I don’t know
what Elon can talk about unless it
rhymes with
smarin like at this point unless it
rhymes with a bunch of smiles and
increasing smarin I don’t know what
would uh I don’t like I don’t know if
anything works anymore does that make
sense like the Elon charm is fading
like I don’t know I guess it’s just like
you don’t it’s like the pretty privilege
is fade is is fading
away like it’s just it’s not the same
thing like Elon does that make sense at
this point like the way it’s been
playing like it doesn’t matter what Elon
says anymore you can say whatever you
want you can hype it up you could be so
cool and futuristic but at this point
all that matters is that like margin
and the sales like that is something
that it’s not a bad word I’m just like
I’m just messing around but when it’s
all said and done unless there’s a like
real margin increase or sales the way
the company is right now and like how
it’s been it’s like nothing’s going to
get investors excited you’re not even
getting short isn’t it funny Tesla’s the
worst stock in the Tesla is the worst
stock in the S&P on the year and I have
not heard the word short squeeze there
was a time when anytime Tesla was red
they’d be like we’re going to short
squeeze
it it’s like you don’t even have the
same like Mafia behind it and like
everybody just like want it’s so weird
but the the hype and getting everybody
on board like you kind of need some some
numbers or some excitement and the same
stuff just ain’t ain’t doing it no more
we go on the Weeble chat in Tesla you’ll
see tons of messages since it was
180 hey man Weeble it’s a different
different Wild West
can you blame Bill why would you blame
Bill like rates I don’t know man Elon is
I still like Elon but again like I’m
even shocked this stock took such a dive
and it’s like it’s weird I didn’t but
then again like you know people don’t
wear bell bottoms anymore but I do think
EV Tesla is the best EV company in the
world
still Kathy still thinks it’s worth 10
trillion y I mean it’s great company
that’s it just this is this is its first
like real drop in a minute and it’s like
actually being tested so let’s see if it
comes out the fire it has every other
time you know substantially stronger so
if you find out Bond’s going red they’re
about to give up all of the uh PMI gains
there was even a good Bond auction but I
guess it wasn’t good
enough Tesla for the L right the price
man spies even been coming down a little
bit I mean we topped out maybe like 20
minutes
ago let’s see Boston
Scientific
5068 I mean byd but that’s China like I
don’t know if we’ll ever see a byd in
America yeah you’re down 10 points from
the high just under
that eight points
Tesla might be the next Enron when
people think about it no it’s like have
you been to
California I don’t know if you have but
like the weird part about it there’s
Teslas everywhere this is a car like
like oh yeah dude it’s just it’s
everywhere I don’t know so like Tesla
lives in multiple worlds you know it’s
like it’s on the internet there’s Elon
Musk but like the car itself like the
brand the product bro it’s
everywhere it’s actually like everywhere
you will see you will see more toy
Teslas than Toyotas sometimes and Cali
which is a wild concept
Enron was everywhere it was but like it
was a different like I don’t know it
wasn’t a it was like a utility you know
so it was kind of it got there just
through like agreements and Deals and
like shady deals on that sense it’s not
like it’s not like people were going out
of their way pre-ordering Enron you know
like and then doing this for years at
that model Y is the number one celling
car globally in
California he said hybrid cars is the
Hot Topic man I’ve been telling y’all
that
cuz it’s true I I saw a meme the other
day and it showed a Prius and it was
like look at this beautiful car 50 miles
a gallon base model starts at like
27,000 it was like you have to be insane
to choose a EV over this like that’s it
like and I I mean again I’ve been a I
think a hybrid the great idea and then
the Prius I love it always got to love a
Prius
am I going to keep holding Netflix calls
I have no idea I said when I made the
play I said just don’t ask me about it
otherwise I mean comment it on the watch
list so if you have anything you want go
on yesterday’s watch list and comment it
and if it’s play related and I’ll make
sure I get you your answer otherwise I’m
I don’t know I have no idea you know I’m
I’m going just embrace the uncertainty
you
know can I ask about the gold short I
will give a update on the watch list if
you already missed what
happened but it’s good don’t you know
all is well in land of catonia
WEA we saw that to be that thing was at
like nine and sap that was the earnings
that went up they’re actually really
taking off now GE was just hitting High
we still have that one
too don’t ask me nothing well I mean
about the plays uh especially if we’ve
already covered it or you know I’ll just
have a a defined time to go over them I
think on the watch list is a great time
and we could give those updates instead
of
continuously so yeah I got you but
anything else I mean we could talk
everything we already went over the
earnings data to you’ll get a little bit
more data I think you get ISM or don’t
you get the services
side you’re going to get another set of
datea actually and then GDP on
Thursday no you’ll get durable goods
tomorrow still not bad then fiveyear
bonds oh the Frizzle paper
yeah I forgot you guys thought it dude I
thought it was fake I was like this is
great but like oh it has like his name
in it here let me I don’t want to I’m
not going to dock homie
do you guys want me to you want me to
read you the Frizzle
paper cuz like I could maybe I could
have the AI do
it but like this this is
real so literally a Chad had a essay
assignment Bradley Frizzle
PDF he submitted
it oh and like this is a real college
like course he got a 43 out of
45 very proud of him I read it this
morning it gave me a good
laugh let me see let me uh let me see if
I could have Josh
ayi have a have a stab at
it it’s called small business
interview but it’s called Bradley
Frizzle the peach farmer honestly it
seems pretty
captivating it it’ll it’ll hook you it’s
not like it’s pretty
good oh wow this is
weird I don’t know if I good
formatting let me see if this might work
give Josh AI a
second all right the the formatting is a
little weird
so I don’t know Josh
AI I have no idea how this is is going
to play
out I hope I don’t butcher it
bro I think bro it’s just about the cult
it seems
like I want I kind of want a royalty on
this now
4,000 all right let me all right Josh AI
is working it’s weird format Josh AI is
going to butcher this hardcore so good
luck A++
plus so this is a real
one GNA get you guys this this is the
email this is the actual thing it’s
called Bradley Frizzle
from being a farmer to a
businessman I hope you guys are
ready all
right here it
is Bradley Frizzle from being a farmer
to a businessman at Bradley Frizzle
stands out as a testament to the
transformative power of passion
resilience and strategic Vision he
started as a peach farmer and became a
successful real estate investor
Bradley’s journey is one to hear and
listen from to understand the boundless
possibilities that await those who dare
to dream and persevere Against All Odds
Bradley’s entrepreneurial Journey all
started from his roots as a peach farmer
he was tired of living under the
constraints of traditional farming
practices and wanted to explore New
Horizons for his future Bradley boldly
decided to transition from Peach farming
to real estate investment using his
knowledge of Land Development he started
reading books about business and
stumbled upon a book called the richest
man in Babylon by George S clayon as he
continued to gain knowledge about
Investments he stumbled upon a real
estate agent who told him about the
wealth behind owning assets Bradley
didn’t have much money saved up at this
time but with the agent’s help he closed
on his first property in 2015 after a
while he ended up selling this property
for a good amount of profit and from
there he began acquiring properties with
a Keen Eye for potential growth and
development he now owns a good number of
long-term investment properties and he
needed additional support he
strategically created a team that was
handpicked by him personally who shared
the same passion as he did through
careful mentorship and empowerment he
created a positive and healthy culture
within his team to this day he has about
25 trusting team members all around the
country mostly real estate agents they
focus on finding deals and helping each
other successful during the co pandemic
he and his team faced many unforeseen
challenges just like other businesses
worldwide the sudden halt in the economy
strain Bradley’s real estate and
business but because of his expertise he
wasn’t as concerned because of his
long-term strategy if he could go back
in time he would have taken this
epidemic as an opportunity instead of uh
hurdle since everything went up in price
after everything and reflecting on his
experiences Bradley acknowledged is
certain lessons he wished he had learned
earlier in his journey the importance of
strategic Partnerships in building a
strong financial Foundation are among
the keys he now values dearly he
emphasizes the significance of
perseverance adaptability and
determination in business he urges
everyone to be passionate about their
goals and never lose sight of their
future reflection right up based on
Bradley journey I could outline a couple
of principles from Reading e myth I
would encourage Mr Frizzle to stay
active and alert to Industry Trends
especially in today’s economy whether
adopting new technologies for property
management or exploring alternative
investment strategies embracing
Innovation will position his business
for sustained success in addition
developing a strategic plan that
outlines clear goals objectives and
action steps for achieving long-term
success will position him better for
when another unexpected event arises
considering this preparing for problems
is always important for business and
Bradley is not immune to this Market
volatility could arise in the world of
real estate and the fluctuations in the
market could pose a significant threat
to his business to mitigate this he
should maintain a diverse portfolio and
stay
Vigilant most falls into the early
adolescent stage to break this business
down into the emyth stages he is still
involved in every aspect of the business
but is also focused on growth and
sustainability I’ve learned a few key
takeaways from this interview including
the importance of passion and vision and
the value of continuous learning
Bradley’s Journey highlighted the
significance of driving entrepreneurial
success by committing to his visions and
having a hunger to learn and be
open-minded he serves as a compelling
example of the potential of
Entrepreneurship and the rewards that
await those who pursue their dreams with
passion that’s it wow that was
inspiring so I don’t know that I think
I’m getting this I feel like he told his
teacher that the story of Bradley
Frizzle the peach farmer I I feel like
that’s what I that’s the impression that
I’m getting I feel like cuz and then CU
he had to do like a write up and then
compare it to like a
book but I think he told his teacher
from being a farmer to a businessman I
think he I think he just he set out the
legend of Bradley Frizzle and I think he
was like oh you don’t know the legend of
Bradley Frizzle the peach farmer oh
teacher and the teacher’s like all right
word I like this guy sounds inspiring
that was great that was
great hey man that got a 43 out of 45 in
college so Chad you could do anything
you could accomplish anything you know
what I’m saying anything anything is
possible SSP exploring a
sale uh scripts ew is this health is
Ohio I think is this a small like
medical company SSP on the high a little
bit spoing sale of Black Culture
broadcast network oh no that’s a it’s
Black Culture broadcast I have no idea
what it is then because I thought this
was a health company I thought it was
script’s
Health Elf on the high GE is like
actually
running can the these are alltime highs
for GM PR oh no it’s like actually just
starting go g go SSP popping a little
bit more again I don’t have any other
info besides with the chat posted there
Netflix right below how much time we
have 12 minutes 12 minutes we just heard
the story of Bradley Frizzle the Peach
farmer
inspiring it’s amazing
Market on clove coming
up rumble on the low SSP still dancing
around I mean spy where are we at and
then where’s like gold and
oil so gold stop moving again hit the
lows in the morning been bouncing today
but still down oil recovered oh man
Danny Danny we’re talking get about it
right here he went
crazy Visa I have a play on it but I
don’t know I’m not feeling it as much as
the Chad but a lot of Chads like it but
then again like all the financials have
been good I have a play I have a $30
play two standard deviations it’s up 30%
I want to dump it bro let me dump it I’m
going dump it probably how much time I
got got 10 more minutes I already went
up 30% I’ll make $10 I’m kind of down
can’t
complain Visa Visa Visa Visa can’t you
see sometimes the Visa hypnotize
me market on close 402 billion to the
cell side
81 on oil write it out with
you I want to but I don’t I don’t know
because I still feel like it it has to
move up a
lot
see biggy biggy
biggy prepare for land we got 10 minutes
we got 10 minutes don’t get me nervous
they’ll scare
me what V contract if you could figure
out two standard deviations you’ll find
it I just did a call two standard
deviations one of them I bought it in
the morning it’s up now a little pre-
earnings gain but like I said I’m not I
didn’t sell it yet I want to though I
I’m looking at it now I mean we got a
little bit of time if it like really
goes it’s already starting to like get
juicier you know yours is probably
closer mine was really cheap it wasn’t
that bad but like it’s not like cheap
cheap I mean technically they’re only
pricing in 3% I think but Visa doesn’t
move I mean honest I’m I’ll hold it cuz
that’s the thing Visa just has a bad
history of moving after earnings but
it’s not like it’s pricing in a lot it’s
only 3% but then the last four earnings
it’s only moved 2% I think at Max so
that’s the only thing about it
[Music]
ax and D yeah that a post earnings man
that that one was it that one is oh call
LT so he could play
Tesla I don’t know does he like to play
Tesla still but like I’m saying Tesla
maybe this time around since it’s
pricing in more it actually moves but I
mean the thing they got going is they’re
the underperformer and then the last
time they were down seven days in a row
they proceeded to go
[Music]
insane and then Young G still doing good
good Netflix come on buddy and then you
already had 10-minute rigged final five
in about a minute and a
half is he too Hollywood for Erin’s
plays n he’s been he’s he’s been
answering my calls I don’t it’s good
he’s he’s gotten a little less Hollywood
I don’t know I don’t know do do do are
his videos already getting less views or
something but yeah he has he answered my
call he did it he helped me out with a
deal the other day it was good so so
other than that I don’t he I think he’d
be down I just don’t want to spend I’m
just trying to save me some money I
don’t want to I don’t you know what I’m
saying you know lending tips he’s going
he always wants to
play all right final five 45 seconds
a CDC warning no
already the day is wrapping up Chad
Adonia
the day is wrapping
up my
goodness yeah so we’re getting close to
it I might as well let you guys know uh
it’s going to get really loud here soon
the day I can’t believe we’re going to
be here for earning so I will stick
around for Tesla and all that good stuff
but the day is about to close man I
can’t believe it so I’m here to let you
know that the end of the day gets really
loud and that’s why if you hear me say
ear muffs I would consider consider that
a warning to protect yourself and mute
your speakers because it is going to get
extremely loud in here so after a couple
of years of streaming I mean this is new
information but I I learned how serious
loud noises really are to People’s
Health I didn’t know what loud noises
unexpectedly could do to people I
learned that it ruins lives it ruins
relationships uh it could hurt
reproduction it does a lot of things
people have even said zika uh it’s crazy
like things coming back polio all sorts
of stuff not to mention just the general
ear bleeding and everything else in
between so I want you guys safe you guys
don’t deserve anything of that nature so
I want to make sure you guys are
protected and just show my appreciation
for everything you guys have done even
all day today so whenever I say earm
muffs just make sure you know what’s
going to happen and mute your speakers
protect your children your animals your
friends family get them to safety
anybody around you you know and that and
maybe wear your glasses if you’re
worried about that and that’s it man
that’s it so ear muffs is the key word
okay ear muffs is the key word
MH so we’ll find
out get ready oh wait how much time do I
have all
still a little bit of time all
right all right ear muffs this is not a
warning I’m looking though I kind of
want to make I think I might make
another move here but ear muffs ear
muffs it’s going to get loud ear muffs
all right ladies and gentlemen uh we’re
making our final approaches we make our
Final Approach you guys are holding on
any bags uh please throw them in the
overhead bins above or firmly beneath
your seats we’ll be coming through the
eyes with the trash bag if you like to
dispose of those bags what as we make
this Final Approach we’re going to be
landing here under the second link
terminal second link terminal
description that’s going to be your
nightly watch list in main Channel
layover around 400 p.m. Pacific time
then we’re going to be taking our promly
around 6:00 a.m. at of Sunny San Diego
California so you make this Final
Approach into San Diego International
Airport it’s about
60° strong winds but otherwise clear
weather looking like a good day
especially if you bought the dip even
though the Market’s still wrecked on the
month but good news is we are no longer
under Co guidelines so no Mass are
required until the election so all we
ask is that you exit one row at a time
and drop a GG on your way at as always
we appreciate you guys in business if
you’re interested in call Rapid Awards
program card please FL and flly
attending and we’ll get you that as soon
as possible as always thank you line
with the coat and hopefully have a
wonderful
evening wow chatt Adonia it’s game time
game we got to finalize it we got to
finalize it all I’m GNA try I’m gonna
get my final
place what the hell why is it so small
oh Chad you only
have
one
minute
32754 all right I added Huma I did 75
shares not a recommendation you will
lose money I’m making my average yeah
now I’m down 12 so if they surprise I go
break even if not I get Triple wrecked
so let’s do it baby that’s it you have
30 seconds remaining go go go go go go
go go go go
go ladies and gentlemen boys and girls
it is time to wrap it up and bring it
home you have less than 15 seconds
remaining shares Futures options
everything you better wrap up your mind
make up your mind bring it home that’s
it tell a friend tell the family but it
is time and we are bringing it into the
end but you have 5 4 3 2
[Music]
1
ding
hor oh chatt Adonia we did it we made it
7 hours in the books I don’t care if you
just got here or not I need a good game
in the chat right now baby drop that GG
let’s go let’s go baby it don’t matter
if you made money or lost one know you
learned something everybody that
participated contributed brought
something to the table plays news Vibes
info personalities way to hold it down
way to be in the action way to stay in
the game and big shout out if you got
the LA baby let’s go members nonmembers
stream alerts it don’t matter all the
people who held it down y’all do
donations y’all were showing love y’all
were positive again for the but good
game I hope you know we so inch it’s
still banned kind of it’s weird but I
love you and I still love to see you
here baby you know it’s still here baby
we still got it baby but we stronger as
one thank you for the support baby God
bless you all shout outon baby hey man
let’s go members
nonmembers and listen without a GG you
going to get banned I’m just saying
without a GG that’s it without a GG you
ain’t got sport don’t don’t ask me
about already came out
tomor I need me the rock you won’t see
me a liot Monday through Friday you need
me less talk
huh oh we haven’t heard this in a little
bit oh c it down let it right I’m
waiting I’m again we’re waiting on Tesla
earnings right now I will let you guys
know when it comes out other than that I
think txm they’re already moving but
thank you for being here Chad I love you
that’s the day baby that’s Tuesday we
get a little bit more the data today had
a lot again your ISM or your
pmis but now we wait
for I don’t drive a [ __ ] e oh yeah
great occasion huh T still on empty but
I’m going keep on
driving I don’t even know lyric I just
miss
myit
my yeah txns up six they’re pricing
around 78
they starting to move CX could have been
a
[Music]
there when they slow up in the fast lane
now we K trying to pass me think I
need yeah Texas Instruments
1.1 they see second quarter Revenue 365
to 395 I think they beat and guided up
gas T still on empty but I’m D they gued
up by 200 million think I just miss beat
on
20s they killed it they even beat the
top
[Music]
end minut hold on I don’t have it yet
where is
it I came hold on do you have I don’t
have it here I don’t have Tesla out
again uh what’s it called they beat the
Texas Instruments did good I do not have
Tesla out yet Goldman Shar surge
reaching new all-time
high on quartz I don’t see it yet no
Tesla I don’t know Tesla’s up 5% somehow
oh Troy has adjusted EPS 45 cents
estimate 52
unless they did they put it on the
website IR Tesla adjusted EPS 45 versus
estimate of 51 free cash flow -2.5
billion still sees notably lower volume
growth for
2024 so again these aren’t hitting
across the wire just yet but again Troy
and Jesus have numbers still see notable
Revenue first quarter Revenue 213
estimate
223 April 23rd yeah it’s on the website
yeah production oh no no no no no no no
that’s production and
[Music]
delivery Tesla one I mean it’s up it’s
pricing in 10 it’s already there but it
looks like they missed I’m not seeing
the guidance but they missed on EPs and
uh Revenue I want the margin number it’s
not on the IR website but again people
already have the report for now I think
it usually comes around 405 but okay
there’s Mattel and a bunch of others
segay
enas and a couple of others there Cay
and phase
Mattel they bought the dip I mean it
depends if you’re in the money or not
oh there you go it’s on the
website oh yeah here’s it’s on the
slides oh wait this guy was that Jonah
Jonah
Hill
[Music]
so Gap operating
1.2 whoever said carpool is
faster 2.1 operating income
2.4 they did one
two cash flow of
200,000 again I don’t have anything
compared to the guidance Automotive
revenues 21.5
three and I’m assuming this is their
guidance or is this for this
quarter yeah
Q3 they’re expecting a lot lower growth
on the
Autos where’s margin 15.9 that’s higher
so they’re expecting a higher margin the
next quarter by
0.5% I honestly think that’s the only
good thing there but then again the
stock is up 10 I don’t know maybe it
just wasn’t as bad could have been worse
never thought Tesla would get the
benefit that as of
late I think the margin is the good the
only thing sales are still low but
margin could have taken aot a hotter
beating I
think even then for this quarter margin
came in at 176
oh
[ __ ] yeah so that’s why you’re up that
that’s it that’s all that
matters so gross margin was
17.6 oh wait wait wait no no no no yeah
that was still 1% higher where’s Gap
where’s a operating margin
8.2 you bit of margin
148 yeah 15 that they did good on that
and guided higher
Visa pump
woohoo that Q4 isn’t I’m pretty sure
this is their Q4
2023 yeah Visa is up four hey chadad
Donia let’s go I kept it woohoo but then
again this is what the other ones did
all the other like plays that like hit
they went one standard deviation and
then they just stopped so this is one
standard deviation your first two
candles are literally what viso is
pricing in let me get those each other
talking Tessy again I think Tesla just
beat on margin I think the numbers were
bad and still some of the bad news but I
think Tesla is solely up on
margin then Tesla is kind of dropping
here a little bit
n phase dump their earnings came out a
little bit ago yeah n phase is on the
low oof n phase down five they’re
probably going to go to 100 so Visa EPS
251 adjusted EPS 251 EPS
229 is it so yeah they beat on that
Nissa Visa net revenue 4.7 and then
total revenue 8.8 so they beat by 200
million and then I don’t have any Visa
guidance but Visa did
beat I don’t think we were even looking
out for any of their guidance you’ll
have to wait for their conference call
probably that’s Tesla so again I do
think Tesla all
margin not not yet not yet John have not
come across something and there may be
something with Within These numbers that
you when you start crunching them and
going through it and you say okay not as
bad as we were expecting or when you
look at the energy storage business
maybe there’s some indication of some
some will give people some optimis they
they’re going at this point that you can
hang spe it up all that margin was the
only reason they didn’t die we 31 pages
in this report to go through so Phil
we’ll let you get back to it uh in the
meantime just taking a look even at page
one here John I mean they’re talking
about increased AI training compute by
more than 130% in q1 record energy
storage deployment produced over a th000
cyber trucks we don’t really talk very
much about cyber trucks uh in a single
week in April and talking again about
the fact that the future is not only
electric but quote unquote also
autonomous perhaps teasing ahead to that
robot taxi announcement we get in August
yeah I know you’re very skeptical about
this I’m just saying be careful out
there it’s a stock that’s being watched
very yeah so and then n phase Revenue
estimate of 276 gross margin 439 vers
485 a year ago they guided 290 to 330
estimate was
346 uh and then Gap gross margin 42 to
45 n non-gaap gross margin 44 to
47 and operating expenses 78 to 82
excluding 50 million charge and then Gap
non-gaap analiz effective Ira benefit of
17 and
19 so they’re just dump their stock
structures [ __ ] on end phase and then
the margin and guidance is a little
lower the margin Tesla everybody thought
Tesla’s margin was going to get killed
they thought the sales was going to go
down and the margin was going to get
murdered but they were able to uh the
margin was better than expected and
margin guidance for next quarter on
Tesla that’s actually positive so that’s
the only thing I think that’s keeping
Tesla up because people did expect this
to be the worst margin quarter and it
wasn’t it was actually better than
expected that’s my that’s my take on it
every otherwise it looks like a pure
miss all across and then it’s not I
don’t think guidance is even the
guidance numbers are still lower on
sales but it is the uh the margin which
is still effect like
good year-over-year Visa payments volume
up eight excluding inra Europe up
16 so I don’t know man Visa is good I
don’t have any guidance yet on that
that’s Wall Street Journal Tesla reports
sharp drop in first quarter
earnings I hope Visa runs that’ll be
dope because I think if it does go crazy
from here even if it hits like 5% I
think those options will wake up yo Visa
what are you doing bro you see that CLE
bro Tesla beat kind of not really they
beat on margin everything else missed
but then again I think that could have
been good enough some people putting out
the could have been worse
narrative they lost two billion yeah the
free cash flow dropped significantly
they didn’t do good I mean it wasn’t a
good quarter especially compared to some
of their other good quarters it just was
not but then again the margin I I
remember this morning people were
talking about this being absolutely the
worst margin in uh in like 5 years or
even in their history I think something
ridiculous spr Boeing was they said the
talks were doing good
today Tesla bad news priced in margin
went up so earnings wasn’t as bad going
up makes sense I could I could get
behind that and then Visa they beat
again just s just Revenue everything was
total up I don’t have any guidance on on
Visa then end phase was a Miss was there
anything else I think that’s it I think
now we wait for the morning Texas
Instruments beat and they actually like
moved they moved seven and then I think
STX I don’t know how they
did and then Visa so we’ll see visa and
Tesla Tesla still going but chatt
Adonia I think that’s it man I’m not
going to listen to the Tesla conference
call why listen to the Tesla conference
call when you could just go on Twitter
and read El ‘s tweets and then you could
go on
Spotify and then just listen to Uncle
you know what I’m
[Music]
saying Hell how you doing I’m that
[ __ ] guy had a call I had a put
now I’m Marty McFly and q/ get my
pronouns right if I’m throwing hands up
this finger to the sky throw me in the
fire then I’m coming out a live boy I’ve
been here for a while I don’t need to
tell five five years running how the
hell haed not inspired yet had it for
the instant but I do it for the life put
it on my life I don’t think twice
Instinct on Beast had to learn it to
survive if you think I’m cheap you ain’t
give the right price I would never love
a lifestyle more than I love my life
always been a boss I don’t never need a
break always been on sty you can put me
with the grace big man milk can we can
talk about the race Z Tim my got it all
in one place all in one tap I don’t want
the B shout out to my nephew Manny got
my hard stay shout out to my mama she
know I’mma keep the faith and don’t
forget about my girl so pretty like her
face why they mad at me talking about
the fallacies my life is fantastic yours
is just a fantasy hat trick with the
assets I ended up with Equity ain’t
[ __ ] with you fist the ownership is
Set Me Free and God too don’t forget how
God move only need a little bit that’s
the way the got Pro [ __ ] you you ain’t
feeling it sh the D for my sh living in
this silhouette it’s hard for me to act
Pro I am that dude put them in a bad
mood only time you see me at as if I’m
buying bedrooms I don’t really stress D
tell me what they get you like I’m
meeting out I’m just trying to get the
CH stop acting like you know me homie
you ain’t got the vi ke for reest cuz a
demon need a rise what a li to she I
with the careful think
speak Mone Mone money I don’t give a
[ __ ] about it 2020 homie already had the
bag without it hater love you ain’t even
know the half about me but I take a half
and double that I keep it aund homie on
the Mind P sound like money maker all
involved don’t see it but they feeling
that’s what happened when the landing
hard sleeping while we eating and I
don’t know who should be more a money is
a servant more worthless when Trea
a GG’s baby
GG’s I think on there’s not I don’t know
if there’s a Guinness Book of World
Records but not too many rap songs
include the word
onamonapia it’s that is a true is true
that does that word does not appear too
often in everyday language
onamonapia I know I know man I know it’s
wild but chatt Adonia anamia I don’t
know Tesla sounds sounds weird man I
don’t know what Tesla they don’t make it
sound actually you ever had a Tesla
drive up behind you man that’s it man I
said you know how many murders have
almost been perpetrated in a Tesla
charging parking lot you have no ideas
earphones and Teslas are bad ideas okay
but chatt Adonia I love you all thank
you for being here I hope I hope you
enjoyed it man I hope you have enjoyed
your life your daily life every life
every day I can’t believe the day is
already over it’s it’s gone by we’re
about to be middle of the week that
means cold real estate tomorrow and then
it means a little bit more data we’re
going to get durable goods more earnings
in the morning the big Mega caps after
the bell I don’t know man so maybe it’s
all just starting so I hope you guys are
ready for it but that’s it we’ve gone
we’ve gone through a lot already that is
the day I will see you all thank you
again for the opportunity my members
holding it down my non-members everybody
being positive y y’all with the fam my
feelo Warriors baby let’s go so God
bless you I’ll see you on the watch list
tonight y you can check out the links
you know you being Explorer you’ll find
out how to price in options and all that
you’ll figure it out you gonna figure it
out or not I don’t know I don’t know
baby you never know homie I need to cut
rates homie you need to pump your brakes
and cut rates pal
yeah y I don’t think we did any remixes
today did we my best friend pal used to
say one of my best friends from back in
the day down the street from right cuts
a school for the vocas he nicknamed me
KP JP so they would leave me alone right
Cuts with the oh no okay oh we didn’t do
it I know I know Josh gets a trump voice
and now you don’t hear a remix I know I
heard I’m surprised you don’t have Nigel
I hear the borders open anybody could
come across you could just walk on over
I’m surprised Nigel didn’t bring his
family I’m surprised you don’t hear him
H
weird I know it’s good don’t worry Josh
will I think he’ll vote for Donald I
don’t
know sometimes Josh sounds like a
Democrat I know he says a lot of weird
things I don’t know if he bought the
shoes yes he reads his Bible but I don’t
know we’ll see you never know the
world’s messed up
so
Chad either way I love you man so I’ll
see you how on to watch this okay thank
you again for being here go I I got
distracted go read the books okay
richest man in Babylon Proverbs do
Living Translation and the strangest
sacred in the world cadonia don’t forget
why we here why we keep going why that
faith hope and love ain’t never going
out of style baby and why it’s a battle
and in battle you need to know yourself
my friend friend oh if anything whether
you know the enemy or not I hope you
know yourself baby oh why baby
why finger to the sky baby to God be the
glory and through the grace of God Alone
amen
amen Chad onia That’s it man you have a
wonderful day I’ll see y’all later all
right man don’t worry that’s it you see
like out to the morning he going to have
more hey all thank but that’s it man
I’ll see you on the watch list and
listen if you have any questions on any
go to today’s watch list and comment on
today’s watch list with any qu and I’ll
make sure I answer it but then depending
on you know what I’m saying otherwise
I’m like nah man nah n no n n n n okay
good sounds good all right I’ll see you
there I love you God bless you and peace
a Hey Hey listen I don’t like this this
new Donald voice [ __ ] him you guys are
getting way too into it [ __ ] this I’m
the [ __ ] president now even though I
talk about Donald and and you know Don
everything you tell me about he’s not
your [ __ ] president I am okay you
understand and and my fault my bad I
didn’t mean to bring him up so many
times I’m the president the [ __ ] is
going on on here I still
got how many is that till the month
of I sell a president it’s not hyperbole
I mean it when you guys talk you keep
talking about Trump and Trump trump
Trump trump I don’t even play a trumpet
[ __ ] you I know you can’t stop talking
about
me yes and you know what I did I got rid
of Isis H bag Daddy
he died like a dog and now I’m coming
back
Hezbollah Israel Ukraine I’ll end it
all all he does is start wars and talk
about me yeah [ __ ] you I T you know what
I did I lowered drug prices I know you
did Joey boy that was my idea hey [ __ ]
you I did it I know I could give you
more ideas too
I said close the border now it’s
rampant what happened did you run out of
cages they said I did it it was you and
Obama I know it’s tough yeah [ __ ] you I
still [ __ ] [ __ ] out little employment
and you’re going to [ __ ] take away
abortion you [ __ ]
weirdo well you could do all let the
states decide but I think American
people have decided unless they’re a
little cuckoo unless they’ve gone crazy
I don’t
know well if they don’t let them debate
I’ll have the debate Chad but I have to
go
goodbye I know the fake news they won’t
let me leave I have to go to
court okay
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RULES:
1. Love thy CHAD as you love yourself. Be positive. Respectful. Remember treat yourself that way.
2. No rocket ships. If uncertain of this rule, avoid rocket ships at all costs.
3. If you get banned, you must be reborn, your sins are forgiven however you must shed your old name. Everyone is always welcome to learn and contribute, everyone will be treated the same, you will often notice despite the name the same behavior/disrespectfulness/rudeness will always get banned. We ban the behavior not the person.
4. DO NOT FLEX GAINS. You can if you post the trade before hand and overall just mention the thesis towards it. Indiscriminate flexing results in a ban.
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6. DO NOT JOKE ABOUT FITNESS / PUSHUPS. During our holy hourly exercises it is extremely encouraged to only discuss what physical activity you have done. Joking about or joking around this time is a zero-tolerance zone. I am telling you now, your joke about it already isn’t good, exercise extreme caution in what you say during this time.
7. Be respectful during the 11 @ 11. You are not the one speaking in front of everybody, you know nothing about these people. Any side eye or shade during a phone call will result in an instant ban.
8. None of these trades are a recommendation to make a trade or financial investment, even if I say this is a recommendation I am talking to myself or one of my personalities. Stream alerts are not trade alerts, they are literally alerts of what is happening on stream. Copying my trades will most likely result in a loss. You can make the same trades as me, sure, but you are not me and your mindset is different, assume I am going to lose on every trade.
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This is all live and in real-time, feel free to ask any questions about trading. If I don’t answer it is probably because I am in my zone trading given the current market environment, I will get to your question whenever I have an opportunity. Good luck trading and understand this stream is for educational purposes. Do not copy the trades. Option trading is really risky and you are more than likely going to lose your money copying anything you see on this stream or channel. Consult with a professional before making any financial investment.
Trading on 4 different platforms: Etrade pro (screen shown), ThinkOrSwim (long term investing) Robinhood options (progress on main channel), and my main portfolio.
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DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial adviser before making any financial decisions. Investing in general and options trading especially is risky and has the potential for one to lose most or all of their initial investment