Welcome back everyone to another market, open live stream, so stocks are doing what they usually like to do on uh. Well, i should say at the beginning of earnings season, and that is go down. 2020 has been pretty much, i'm sorry! 2021! That's this year has pretty much been the year of stocks just going down at earnings, even though companies are absolutely crushing it. Analysts are have this weird, like obsession with.

Oh, no, everything should be doing uh. Everything should be beating the estimates that we keep raising and raising and raising, and it's really really annoying because even for example, look at tesla, phenomenal, absolutely phenomenal movement, and yet the stocks down one percent pre-market absolutely insane. That in automotives were able to pass a one percent uh sorry, a thirty percent margin, uh gross profit margin for vehicles, it's insane uh, but the days before earnings uh virtually every day before earnings analysts increase their expectations. We got those delivery numbers, so you get expectations going up up up up up up and then you get traders hoping for a big beat on top of those raised expectations.

It's just like. Ah everything's, almost it's almost like the analysts just set it up to for for failure, but uh it's okay. It is totally okay, because when you know the game, you don't really care you just kind of roll your eyes at it kind of like. Ah, whatever companies are just crushing it with some of these numbers, but you still get those fears about inflation.

You still get fears about well how long's growth going to last. What if we have stagflation all this nonsense, whatever uh and so as a result, we're in a place where the dow is down about a quarter about 2.21 s. P is down about .17 nasdaq futures down 0.18, not usually that big of a deal. What we've noticed in the past few weeks here is the market.

Has this tendency to open slightly red? You get a little bit of selling pressure right at the beginning, and often you get you get a little bit of a rally back so we'll see. If that happens today, if it keeps falling on nervousness through earnings, that's okay too, because it'll create some opportunities for my opinion, either selling puts on companies that you really want to be a part of, or, of course, just buying shares straight out so reporting uh today, Before the bell, we have att and american airlines, ally, financial and southwest we'll take a look at these. In just a moment. We have uh after our snapchat intel, chipotle, boston, beer, whirlpool, mattel, some pretty big names here, bj's restaurants as well so uh.

Let's start with uh att american airlines and southwest, let's just see how some of these things have moved here at t right now is sitting up about one percent in the uh pre-market. Let's grab att here. So, let's see here, uh, oh for some reason, it looks like uh. I got logged out of my weeble, so i'll look back in just a second but anyway, so here's uh.

Here's att pre-market! Let's see what company news is on this one here, so we have. Okay, here we go: att comes in with 87 cents in adjusted q3 eps revenue at 39.8, uh, sorry, 39.9 billion dollars e gap, eps at 82 cents looks like let's see here, service revenue at 14.5 billion up 4.6 mobility revenue up 7. However, business wireless revenues down about 5.2 percent, while consumer revenues up about 3.4 percent warner, media revenue, 8.4 up 14.2 percent and looks like they're working on their or they say they're halfway through their global cost savings goal by the end of the year. They also say that more than 70 percent of fiber customer gains are new to att.

I think that's really. Your growth potential, for something like at t is, is fiber optic, internet uh in case you're, not familiar with that att used to be a part of like the bell, south and and the bell. You know well basically, uh one of the well att kind of consolidated. The bells and took over all the dsl providers, which at first was all done through telephone lines, uh and actually, i think, i think, still is through the telephone lines anyway.

Dsl definitely has bottlenecks, so after dsl people moved over to cable with uh things like comcast or spectrum and cable through uh, like a tv, cable, a coaxial cable, it kind of blew dsl out of the water. In most cases. Now, though, what's blowing coaxial, a coaxial cable out of the water coax is fiber and what they do is they run fiber to newer, neighborhoods, usually like 2008 plus, and when you have fiber in newer neighborhoods. These these connections are are so fast that, and the bottlenecks are so few and far between that you can have coax cable throughout your house, but uh the box and out to the grid is usually fiber and it's absolutely insanely fast.

It's really really cold. So uh love that yeah and uh. I use the word coaxial every time i play hangman and nobody has ever gotten it uh just so you know what coax can look like. Take take a look at my speed test right now.

I'm sorry fiber this right now. 935 down this is on a t, co or att fiber. It's really really good uh. I mean look at the the uh, the upload uh.

It's had a little bit of a freeze there for a second there, but whatever uh. Now it got going. Look at that six, seven hundred i mean i upload look at this. I'm almost running up to a gig here up it's insane uh, so you get this kind of stuff with uh att fiber.

It's really good hashtag, not sponsored! I'm just saying, like that's your growth up, in my opinion for uh, you know 18t, but anyway, so uh, american air, american airlines. Let's go ahead and look at them. Yeah fiber is really really good yeah. They have had uh.

They have had fiber for about 10 years. It depends if you're in a newer, neighborhood or older neighborhood a lot of neighborhoods. Just don't have it like a lot of the homes built in the 50s right in the 60s or whatever all right, american airlines reports, a loss of 99 cents, a share. The estimate was for a loss of 1.03 slight beat there on american airlines net loss, still 641 million dollars, but again less than the 673 expected operating revenue comes in at a slight beat at 8.97 load factor at 78.7 percent nice, so interesting, uh air making airlines Sees capacity down only about 11 to 13 from the fourth quarter of 2019.

and sees q4 leisure revenues, actually topping 2019 levels. That's incredible, and he says if or the ceo says, if fuel stays high industry capacity will decline. So definitely a negative omen there and terms of american airlines in the pre-markets up about 0.2 point. What would i say here, 0.48 percent, all right.

So then we have who is next? There's american airlines, 18t uh southwestern ally? Let's do those really quick! I expect a lot of the uh airlines are going to be relatively similar here. Let's take a look at southwest okay southwest capacity up 46. I wonder if they said anything about yeah american air cuts flight schedule again to smooth operations so they're just going to book. Less flight - that's not too exciting.

Let me see how the stock so far is reacting. On that comment alone, yeah see southwest is down 0.14. That doesn't surprise me. Uh southwest asks court to dismiss suit filed by pilots union uh.

We've got earnings operating revenue down 20 to 30 from 2019 fuel costs, almost doubled 2.04 gallon from 1.23 wow. That's intense passenger revenue did beat a tiny little bit 4.23 versus 4.2 expected net coming in. At force, 46 loss per share, adjusted about 23 cents, and that was an s that was a beat of a loss of 27 cents. Sales came in at a little bit of a beat as well at 4.7 billion cancellations.

Recently here in october, cost the carrier. 75 million dollars expects not to be profitable in the fourth quarter, revenue soars at southwest, despite hit from virus yeah all right. Now, let's look at ili financial. We did get the banks we uh.

We know the banks absolutely kicked bot and saw uh big increases in consumer spending. Consumer savings, uh everything just up up up all right, uh p. Now why is cardona not rising like the others? Well, it just went from a dollar uh it. You know look zoom back out to the summer.

I feel like it rose proportionately more than the other ones, but we'll see uh adjusted eps on ally financial, coming in at 2.16 versus 1.97, expected net rev at 1.99 versus an expectation of 2.03, so slightly mixed there and ally to buy square financial, not to be Confused with square itself for 750, mil uh credit loss provisions adjusted a little bit of a beat there on eps, but again that miss on rev. So a little mixed, and i don't know that i have details from their call. Yet let me see here, ally how'd. They do i'm actually gon na throw them in here as a watch allies.

One percent up on that all right, so uh yeah, i'm gon na - lie again really quick to ebal. So we can get our good old watch list. I don't like not having a watch list um. Okay, let's see if we can comment on what jim's up to well, while i do that raise price.

Yet right, unilever did raise price and i think that's important, because proctor is now going to have to catch up. Unilever is an incredibly well-run company, okay, and i just think i wanted to point it out, because these two companies, unilever and proctor, are delivering amazing numbers amazing, but your point's an important one, because of course it does get back to the broader issues that we are Dealing with uh, which is inflation, and these guys that's a lot of money. Four percent uh. I went through everything everything i went through.

Every input for a bottle, a bottle of shampoo every input is up real every year. How do we just go to talking about unilever to a bottle of shampoo? I mean - maybe maybe the inflation stuff, whatever ibm, is uh down 5.23 really uh getting hit by the lack of competitiveness, uh that uh they've kind of uh at least been on a trend or or what they've been considered known for here recently in the news. It's sad, it's gon na be hard for them to shake that, especially losing apple, not a good thing. Camber energy down 4.7 momentum over here, along with vinco down 3.29 and a bunch of i think they had four executives quit here on binco 28.

That was uh. What on the 19th anyway, 23 and me down about 3.2, i'm sorry 3.63 back under 10, here's your beto bitcoin etf! I personally recommend you don't buy it where to go yeah. I can't get the chart actually to load on there right now. Okay, no problem mp material sitting at 35 gosh, it's been sitting at 35, forever winds back under 90 canoes sitting around seven bucks, again: neo 39 38.

uh tesla's down about point nine. You know alibaba, i i threw into uh neo instead of alibaba and so far i think alibaba's been out pacing a little bit the uh it probably because it oversold a little bit more, but i mean i i like neo at 35., so uh crypto, we got Bitcoin sitting at 65. dogecoin 25.: it's really been stuck at 25 for a bit ethereum popped up to about 4, 200 and ada is uh. Let's see she 28 and where's ada ada is sitting about 2.24 yeah.

You go out to the day. Chart you see a nice little pop here from our summer months. So then, what's going on with wd took a 12 hit after us really yeah because they reported like yesterday morning, i feel, like i don't see that hit in after hours like you're saying it might be a glitch and face sitting around that 180 level. A firm there was a firm again up 1.54 how's paypal and pins paypal up about a third of a percent pinterest listed as halted, i'm not sure if it actually is all right.

Five, kirsten cinema advisors resign amid anger about her tactics, ouch huh and president biden is in baltimore today, pitching internet access, ooh uh, look at the oscillation for allies is good for options. Oh i i mean channel bound like this. I would venture to say no, usually what's good for option would be these sudden insane runs up, run-ups and uh run ups and downs. So take a look at uh here at firm, for example, this that's powerful for options, big volatility bump big volatility, bump big volatility bump, ironically, if you're in a channel.

Even if that channel is up, your volatility can actually start decreasing changes of the direction or where that volatility comes from, think about it like being in a car. You know you slow and steady, accelerate big deal kind of like google slow. You know slow and steady kind of run if you go out like this right, where you get the volatility bumps are here, it's kind of like you stepped on the gas you stepped on the gas you slammed on the brakes all right, let's see right so 13 Minutes to the opening, let's go ahead and see what kind of news we have out here. Let's see yeah the federal reserve bank of san francisco just came out and mentioned that the biggest cause of inflation's, the biggest single cause before, of course, like the whole supply chain crisis, was probably the american rescue plan.

That was the march of 2020 covet relief package. 1200 stimulus checks, ppp e-i-d-l grants, e-i-d-l loans, but not just for givable ppp money and like get this okay, and this blew my mind, the government with the ppp loan said: hey, you can take out a free forgivable loan. So let's say you take out a forgivable loan of a hundred thousand dollars. Think about that practically for a moment.

If somebody gave you a hundred thousand dollars uh and uh, it was totally uh uh. You know just free income, here's here's just a thousand dollars, and then they told you that you didn't have to pay taxes on it. Well, that'd be awesome right because, if you didn't have to pay taxes on it, that'd be like getting a hundred thousand dollars after taxes. Okay, great! That's what happened with the ppp because you were supposed to spend it on things like payroll and you would get write-offs for that.

So the idea is hey. I'm gon na i'm gon na give you a hundred thousand dollars. You're gon na spend that on your business, which is a write-off anyway, so you're not gon na pay taxes right. So you get a hundred grand you don't pay taxes.

Now they say you can basically double count. Your write-off and basically end up with a tax benefit. On top of that hundred grand to where that hundred grand is probably worth like a hundred forty thousand dollars in literally free money, like you, think, the twelve hundred dollar stimulus checks were good or the six hundred dollar check or the 1400 check no way. It's businesses that got bailed out insanely with those ppp loans.

Every hundred grand was probably worth 130 to 140 000 in literally free money. That's a huge stimulus business owners killed it with the ppp. On top of that, you got the free grants on the eidl. If you owned real estate, you got to take mortgage forbearance on your entire portfolio.

If you wanted to no harm no foul, just kick the can down the road for 12 months in terms of when you need to actually pay your mortgages back. It's totally insane like the amount of giveaway money was crazy and i i don't even think it's realized how much uh that the ppp and the housing stimulus was uh beneficial to people who owned real estate or to all who own businesses it's funny because well maybe It's not funny, but it's just it's interesting, because i've always ran this channel. Yeah ppp saved jobs, yeah, that's that's how they brand it and i'm not saying it didn't. But you know this was like the shortest recession we've ever had, but anyway uh.

The interesting thing is before this pandemic. I always said: if you want to build wealth, you have to be involved in real estate and some form of or some form of business or some form of asset like stocks. So if you're in stocks, real estate or business you're almost always going to get bailed out first, if there's a crisis, if you're a tenant, your paycheck to paycheck, employee or whatever you're usually last to get bailed out, which is ironic because it should be the other Way around right, that's the theory at least and uh i mean look at it. The biggest stimulus went to business owners to homeowners and to stock owners.

Tenants tennis have been desperate to try to get through rent relief and they have to go through hoops and hurdles to try to get bailed out. It's it's insane uh. So i mean it's no surprise that you uh, you know you had a little. You have inflation.

Now to to some degree uh, you know i i remember back during the pandemic too, we're like i, i'm gon na give people ppp money to to pay for payrolls. What are you gon na pay them to do if we're shut down? You know mop the floor over and over again you know like a retail store or whatever uh. You know, i'm not trying to dis the benefit. The potential benefit of the ppp, but you know once we came out of lockdowns businesses - are, did whatever they needed to do to get people back yeah anyway.

So uh, that was the federal reserve bank of san francisco, talked about uh biggest inflation. Coming from that first stimulus package, all right - let's see here yeah we covered some earnings already this morning, rob you missed them. Oh yeah, new york state's uh bit licenses are like totally stupid, uh, it's it's the one state that is making it very difficult to provide. Crypto services in all states: it's not fair, really to the people in new york.

That's what it is all right. So american airline loss is less than expected. Peter thiel says he's under invested in bitcoin. That's bullish, peter thiel technology, billionaire and conservative political donor.

Oops praised cryptocurrencies and slammed central banks during an appearance on wednesday you're supposed to just buy bitcoin. He joked, i feel, like i've, been underinvested. Long-Time libertarian said that cryptocurrencies was the rebuke of the world's financial system bitcoin at sixty-six thousand dollars. Is it going up? Maybe he said, but it surely tells us that we are at a complete bankruptcy moment for central banks wow what a slam i love it he's actually got a good book too.

On entrepreneurship, i forget what it's called right now, but uh like building business and stuff. Like that, so, let's see here else do we have here. Phil spoke for more than an hour during an interview hosted by the lincoln network. Right-Leaning non-profit, okay, ai, especially sort for low-tech surveillance form is essentially communist because it forces centralization he suggested.

Crypto was libertarian because it is forced decentralization and that basically, artificial intelligence and companies are communists. Yikes peter thiel doesn't want to outline a outlaw ai, but he says it would he would like people to think about how they're working on a technology that's going to destroy the world. Wow! That's interesting! Uh, let's see here, okay feels founders, fun, promoted miami. Okay, guys hear me out if we move silicon valley to miami, what if we move silicon valley to miami well you're going to save a lot of money on income taxes? That's for sure interesting! So that's peter thiel! Here's now somebody taking the completely opposite stance! Dwac! I don't know what that is, but i'll check in a moment.

Caleb calls bitcoin a tulip bubble without the aesthetics. Oh, let's oops, i forgot, there was a straw there, uh oh hold on. What's the breaking news hold on? What's this being an ultimate arbiter, not at all owned by facebook, so there's no breaking news there. I covered that yesterday get out of here cnbc anyway uh.

Let me repeat to those unable to get it: i'm not bearish on bitcoin. It is a tulip bubble without the aesthetics disc uh disguised as a currency. Hence it is irrational to buy it. It is as irrational to buy it as it is to short it uh.

Despite the comparison, the author of the black swan uh claims, he is not bearish on bitcoin, even though previously he has called it. An open, ponzi, wow, okay, houston pension buys crypto an asset. We could not ignore wow a pension fund for the houston. Firefighters is tiptoeing into cryptocurrency investing with over 4 billion assets said it invested 25 million in bitcoin and ethereum wow, uh, okay, so uh, let's see what else here uh.

Let's talk about this spa talk here. What's what's this here, we got a few minutes here and dwac digital world acquisition, trump media, who actually runs trump media. These days, though, trump media. What and what is trump media all right? Well, i can't actually find anything about it.

Digital world acquisition, corp jumped 44. In his class, a shares gained 30 after announcing a plan to merge with trump media which plans, oh, which plans to launch a social media platform backed by donald trump, the transaction values, the trump media group, an enterprise value of 875 million. The company said, what's called truth: social is aiming for a beta launch in november, and trump media is also planning to launch a non-woke, entertainment programming, news and podcast now wow. So there is no trump media, so they just got they're trying to get 875 million dollars for a company that does not exist, gym thrower.

What? What is that site? Uh wow? You know it must be cool to uh to be able to get 875 million dollars for uh or have an enterprise value of uh 875 million dollars for a company. That literally has nothing right now, other than a a hope and a dream dwac, so uh yeah. So it was at the sort of spec 10, which is very common to be sitting here at the spec 10. Now it's up uh, 27-ish percent or whatever to 12.74.

This is very, very common, just be careful because with specs, you very, very, very commonly uh get uh sucked right back to that 10 level or below after you actually uh. You know merge, but that's interesting. You can pre-order the app what app what what trump trump yeah. I don't know, whatever an opening bell, i'd like to know more, but right now, it just seems like, like i said, a little hopium people trade.

It though, but uh my my first reaction was uh. I was shocked, i was uh disappointed and i did not hesitate. The the discussion would be. That may not be you know comfortable for the company.

We've heard that but okay, so we're like 55 red something like that: uh 55 red yeah on the open. Let's go ahead and see how things are uh going here in the market holy one? Second, okay! So what do we have here? We have opening uh of fannie mae. Oh, that looked like a glitch ibm now down. Six percent camber energy looks like it's falling uh.

I don't know: what's going on with uh weeble today here watch this: oh there we go. Okay, that's better! Okay, uh, a firm, a firm's running a little bit here. This is the uh a firm sitting at two point: six percent: the charts are not updating. Well today, there we go dd uh 2.72 affirms running: oh snap, macy's coming back very nice, ethereum 4260, nice ada, 226.

playboy a little green here, good uh nordstrom coming up 1.37, not that big of a deal carnival cruise lines, ah carnival bouncing off again. Okay, let's see how tesla's doing at the opening here, tesla tesla's trying to go green, it's still down about 0.9 right now s p 500 is vacillating. Uh dow jones holdings is this. Is this true? I can let you know hold on um: oh wow, yeah you're, right pre-order.

Oh so they've made some wireframes how cool but anyway, hold on give me one. Second, here, a firm affirm. Barclays yeah reported by the dow jones barclays raised a firm from 140 to 175.. Nice uh, so, okay, i got that social app.

Let me see here take a look at this. This must be. This is basically what they're gon na spack. So this is the truth.

Social app follow the truth. Aha, what is this? I'm just gon na jack's beard. Hmm trending friends, uh, let's see jack and jane hey jane, can we please have our moderation? Can we please have our moderation team take down that account and it's post? Are you sure you can do that? I mean it's a pretty big deal, censoring that content kind of overreach right, just take it. It's totally slamming jack for banning they're, using they're using jack dorsey as an example of censorship uh for banning donald trump, and that's why they're doing uh jack's beard, i'm just a guy trying to make it in this big world uh? Oh my gosh! Whatever it's going to be interesting, that dwac i mean it's pure speculation right now.

It's just not there's! No! I don't see any value there other than trump's name. That's! That's it! It's trump's! Name right now! That's that's all! You got that's what you're betting on with that spec um yeah anyway, okay etsy vacillating a little bit uh disney stuck at uh 170 as usual tesla's trying to go green. Look at that uh only down about point one: two percent right now! That's the only down point, one four, let's see what's really losing here: pinterest uh shaves about two percent, not a surprise. After going up like 13 yesterday uh, a firm is, is still running here very nice, the firm's doing great dd's at 5.39, dick's sporting goods up lying electrics up a little bit upstart plug power.

These guys all two to three percent here so far, two percent of you so far running again, good job. So far, 2149 right now, cloudflare up almost 2 again excellent charge. Point one point: five, six, nice shift good peloton good. All around one percent.

Here, united airlines up and phase about one percent - i mean it looks like the market's mostly turning green again here, tesla's now up a half percent tesla's like seriously come on weeble. Would you get with it? It's gon na keep resetting that anyway, uh tesla uh at 869, popping over to about once uh 878 70 50. trump's back okay d dwac equals uh trump media, spack trump media spec, uh 875 mill price value, uh no product. Yet there we go.

I'm gon na. Just i'm just gon na pin that up here so that way, if people get confused all right, we have a little bit of a reference. We'll leave this for a little bit so uh but yeah i mean it it. This is oh, my gosh it's 38.

This is gon na, be like, in my opinion, pure trading. Keep that in mind. Okay and that's fine, please please! I don't want anybody to ever think. Like oh, don't be a trader.

I trade, i totally swing traded. I made lots of money swing trading uh, but sometimes you lose money too. I mean that's just normal right. Your goal is to make money like 70 of the time, and that way you could write off the other 30 percent.

It's just cost doing business, but um yeah. I mean this this whole. You know trump media spec, it's going to be pure trading, so you want to trade it. You know it dips.

You want to buy. You think it's going to run. You want to buy whatever go for it, but you are not making a fundamental move here: keep uh yeah at all, all right! So upstart! Look at that upstart going again: 369. uh 153 on a firm cloud flare! So you you just can't wait for a dip on this one.

Let's see here, tesla wow, tesla's up a percent. Now, let's go tesla didn't deserve to go down in the after hours yesterday. I think - and this is just my belief - i think there were so many people assuming tesla - was going to go down no matter what they reported, because tesla consistently goes down after earnings that there were so many uh, you know put you know whether puts or shorts Or whatever bearish bets that uh now you're getting covering and uh and the stock's going the way it should be going ooh bummer paypal down another four percent on what looks like that. Pinterest deal likely solidifying, but then again, there's also talk that potentially shopify might try to bid against paypal, which could potentially increase that acquisition price for uh paypal on pinterest, which could lead to a little bit more pressure to the downside for paypal i sold some puts On paypal, uh, and if it, if it's gon na it, keeps dropping i'll i'll sell some more puts pinterest it's only down about a pinterest sitting.

It shows this hall, but it's sitting around 1.25 percent down, not bad at all. Yeah paypal's not happy with this 4.5 to the downside. Okay, uh, let's see here, cloudflare nice, let's go ahead and get a broader view here. Probably the biggest loser.

Actually, today is paypal, no it's ibm and camber, but you know paypal's in the race to be the biggest loser right now yeah. I made a video yesterday about why paypal might want pinterest wow, look at skills up seven point: four percent big momentum over here, a firm four point: five percent boy! Am i happy i didn't sell some calls. I was thinking about doing uh sold um. You know just basically selling some calls against my position at a firm and uh good thing.

I should do it darn thing: four percent uh expi up about three percent noice, all right. Let's go ahead and see what some of the news is worth, noting that you can still get up to seventy dollars in totally free stocks by going to mckevin.com public make sure to follow me there. So you can see my trades when i post on public metkevin.com public and when you sign up, you can get up to 70 totally for free, also check out those programs on building your wealth link down below get up to 41 off using coupon code diamond hands. Like these guys right here dominance and that price will be going up on the 29th, with new lectures coming out in three days: three days: sunday, sunday, sunday, uh dwac rotating down a little bit now, let's look at coven covered cases, okay and then, let's we'll look At crypto a little bit, okay, so covet cases for the united states, still rotating down yeah, i i usually uh, buy back my sold puts because i want that extrinsic value.

We talked about that in the stocks of psychology and money group. Let's see how's the united. How about the united kingdom? This is really what i'm worried about is united kingdom and germany, because they're sucking they're just sucking yeah. Look at that straight.

I mean it's just up united kingdom. That's just not good! Let's go to germany, it's very not good! 30 days. Ew, it's getting worse come on. Germany get with the program.

Would ya los? Let's go to new york times again here on dwac in a statement announcing the new venture well hold on a second here yeah there. I just can't believe that they're going for an 875 uh enterprise value, uh, okay, so lined up investment money to create his own, publicly traded media company and attempt to reinsert himself. It could give trump's company access to 300 million in new money. In a statement announcing the new venture, mr trump and his investor said, the new company would be called the trump media and technology group and that it would create the new social media, app called truth.

Social. I think it's kind of cool that you could do pre-orders for an app in the app store. I did not know that um just because i would be a bad stock researcher. If i didn't i'm uh, i'm a pre-order it.

Let's see i've actually never pre-ordered a free app before i think that's kind of weird yeah yeah. Okay, what is what the heck? I don't even know what that would do. There's like there's nothing. I imagine it would download.

No, it doesn't do anything that is so weird pre-ordering an app all right so anyway got it uh. Its purpose, according to the statement, is to create a rival to the liberal consortium and fight back against the big tech of silicon valley. Uh, let's see here since he left office and became the only american president of president impeach, twice: okay, blah blah blah, we know he's been banned. I just want to know more about the financial stuff.

Trump's partner is digital world acquisition, a spec okay, the ipo raised about 283 million and digital world drummed up. Another 11 mil okay, digital world is backed by these hedge funds. Let's see mr orlando or patrick orlando, a former employee of deutsche bank, whatever these are just some potential people - oh, they don't hold back at all new york time, this new york times new york times mr trump, who has repeatedly lied about the results of the 2020 Election while accusing the mainstream news media of publishing fake stories to discredit him all right anyway, so yeah, okay, this is all about this back right. Here, it's going to be a trader stock and uh yeah, that's what you got so what's going on with tesla.

Oh snap, look at that 2.26 damn! This is really good. I got so many call options on tesla. I will definitely take this charge. Point up three percent as well, very nice, very, very, very, very nice, a firm 3.25.

What a run matter ports going up very nice, it seems like paypal now, paypal's still sitting down 3.7, see. Look at that. We had. We had a red start to the market and are we green yet? Oh we're green on technologies and oil sitting at just under 85 good bonds, 1.656 we'll take it go to the five day on bonds.

Here, uh one point: six: six, yeah, tesla and crypto. Why invest in anything else? Well i mean affirm, uh and face. I wonder how it faces joy etsy now these are some fun ones, see look you could get. You could be up 0.86 percent on end phase right now.

If you were an face, etsy 0.71 uh coinbase slightly up corsair is pretty much flat: okay, uh yeah and then you're getting that that trader movement here on the trump's back. That's so weird trump is invading the financial space. Now, let's see shelley says: 10 million have already pre-ordered the the trump's. How did you get that the uh truth, social or whatever it is, and somebody said you could reserve your username? Is that true? If i i i didn't, i don't know not not that i need to be on any other social media platforms.

I like youtube, but you can watch me drive around on a go-kart on twitter or instagram or tick tock. Just follow me there at meet kevin or real meet kevin, and if you like, the go-kart, you can buy it by going to medkevin.com cart, kevin.com. The thing is amazing: it's really fast, not the best suspension, though, but go-karts aren't known for having suspension they're known for speed all right, plug power. 34.

congrats plug expi 433 wow. I was looking for a sell-off in expi good for expi great company, really really good and uh really optimistic about them as well, going forward uh, ish and sure tech kind of lagging, as is typical. They tend to be the last ones to recover pinterest down about a percent paypal sitting at about that 3.3 um southwest down slightly okay. What other news is there i'll tell you? I mean it's interesting news: the trump's back, let's see here, 8k huh all right anyway.

Let's see what else we have european central bank pushes banks to boost their post-brexit, ops, okay, how nate netflix became hateflix in the eyes of many trans activists. Oh china conducted two hypersonic weapons tests this summer, all right, uh turkey, slashes interest rates, sending the lyra tumbling. Wow investors flee gold for cryptocurrencies nailed, it er. Let's try, let's go to coin market cap and then let's go to barons all right coin market cap.

So we're at uh 65 4 on btc. It dropped to about 40 f, 64 4 and then bounced back on some trading earlier ethereum and cardano 2.25 nice salada number six. Did they just pass ripple? I feel like they just passed ripple. Let me see here: market cap uh.

They were trading with a market cap about 47.46 for a while here, their market cap just exploded to about 55., pretty sure they just passed ripple. They did wow and left dot behind. That's incredible: uh wow, very interesting uh, which model did i get for the segway card? I got the pro. The pro model and uh charge lasts a good amount and probably be able to drive it for like 45 minutes, or something like that.

I don't know. I haven't experienced that me being me: i haven't experienced the charge running out on it um, but yeah. I i don't know, might not be the perfect person to ask, but but yeah i haven't been close. I mean just plug it in any time: you're not using it right all right.

So gold investors are dumping gold for cryptocurrencies nice. Let's try barons all right. The go-kart reviews say the tires get shredded, but you can't replace them. Well that sucks i mean it.

I imagine it depends what you drive on, but uh. I i mean what do i know? Tesla had a strong quarter. Its valuation is very different yeah. How, let's see how the stock was running here just a moment ago, las vegas sands down about point six.

Now there we go, it's still going it's at 888.. It's a lucky number in uh in asia, it'd be cool to see all eights. Eight eight eight eight! Ah, look at that trump's back back up, so you got your first level of potential uh support here at about 1260, a firm now up 4.4 percent. Let's go wow what a day another big fat green day.

It's uh end of the year rally! Folks, all right! Let's see here, tesla posted record earnings, it has reached escape velocity what the heck is escape velocity. I know what terminal velocity is, but i don't know what escape velocity is. That's like a physics thing escape velocity escape velocity is the velocity that is sufficient for a body to escape the gravina to escape gravitational pull wow. That's cool tesla reported record earnings very exciting for us wall street, for the most part agrees with that sentiment.

Morgan stanley suggested in on his thursday report that tesla could be considered the most profitable mass-market automaker in the world, tesla's more profitable than most, but doesn't make the millions of vehicles other automakers do what's particularly notable is tesla's margin performance, despite cost inflation literally. What i said yesterday, in fact, if you follow me on twitter, which seriously you should i mean if, if you don't like me, posting videos of me driving around in a go-kart, you might not like it see. This was me in the go-kart uh. I can't stop watching it.

I don't know and what's crazy is everybody calls me luigi uh, i'm still trying to figure out. Why uh? I think they they think it's like the luigi laughs. I don't know i i don't know sorry uh but anyway, and then somebody posted on my tech talk they're like oh uh. I watched this being filmed and i'm like - oh that's, weird, but anyway uh so uh tesla.

So i wrote this 23 hours ago, tesla reports today analyst expectations here and then i wrote this analysts expect margins to drop on supply issues. Yet we delivered 8 000, more s's and x's in q3 might help tesla beat watch gross margin. S and x will add very, very, very important here and then i wrote uh elon musk promise margin of over 30 was coming. No one believed him today for the first time, gross margin hit 30.5 28.8 without credits both huge records.

Next stop over 30 without credits. No one thought this was possible in autos, especially during a supply crisis. Like you can't you can't overstate how important that is in tesla, it's it's insane. It's really really good.

Jonas rates tesla stock a buy raised its target to 900 from 865 new street research, peter farrell, who uh probably butchered that we'll also rate shares as a buy made a bigger leap. His price target went to 1298 from 900 uh tesla has reached escape velocity. According to him, who pointed out that thursday's report on tesla's margins are roughly twice that of a typical auto manufacturer. He feels better about the long-term prospects of the company.

Writing tesla's position as strengthened, but warned investors not to expect any improvements for a few quarters. Austin berlin factories are launching and will face ramp inefficiencies, sure uh his new price target, blah blah blah everyone seems impressed blah blah blah blah, okay, good yeah. I mean it's really impressive. Uh i mean the bitcoin value stuff is, is is good but uh it's very low compared to what they have.

You know, okay, so some things are inflecting down a little more here, paypal going sideways. So then we have google sitting at 2842. That's pretty good! Now, owlette's flat. We need some news on outlet's, uh, fda thing, titley corsair up about a half percent nice and hippo's.

Actually up 4.3, it's slow, climb, dave and busters goes up again darn it. I really want to buy that one lemonade's up percent, but it's really the runners up here that are very interesting today and that's these guys. Uh skills up eight points, uh, eight percent. Look at that look at uh, the trump's back and up even more now up forty seven percent, a firm's, almost up a full five percent at 1.54.

It's back to its previous all-time highs, and i don't know where tesla there. It is tesla's up about two percent at 883. If you go to a firm you've hit yeah, you hit a hit at 160 as a an all-time high. Actually, if i go to one hour, let's see we're dancing around the about 155 level.

Huh wow expi just shot up five percent dang it. I had so many options in the xpi, but i closed them all waiting to buy shares, oh well, i'll, have to wait for another dip on that one. I'm not like jumping up and down to buy stuff right now, mostly because uh still have some margin to get through, although i've almost gotten rid of all of it um. I did like it coin telegraph all right.

What was here bitcoin flash crashes on binance? A lot of that could sometimes just be a little software mistakes anyway, uh, okay, so what else barons top yeah another u-turn morning? That's right, yeah! I wonder how our indices are doing as well. Yeah we're turning we're almost we're almost fully green yeah bonds did just go up 1.67 you're right, okay barons. What else do we have we work to go public, define great odds, att is delivering investors just won't give the stock much credit. It's true.

Mostly people just invest in it as a div stock droughts leading to food price inflation, evergrand stock tumbles as asset sale, collapses before key deadline. Oh oh yeah, look at that! It's down 12 today, ouch ugh! Last month, people got really excited and now that excitement's gone, what about six six okay tesla shares rise above january. Closing high u.s existing home sales rise, seven percent to six point: nine million rate annualized it's a lot. Nah test is slowing down a little bit.

Eight eight one now so far's got the two percent: crazy trump digital media sitting at 44; a firm now 3.8 off that high of about 5.05 during the day and uh. Look at that hoodie mining dropping about 4.29 percent, all right! So what else yeah just don't eat the onions, exactly some onion recall going on. Apparently this is software over crypto. What kind of argument is this hold on a sec? Honeycomb asset management, i'm eric schatzker.

This is bloomberg fine, 17 months in a row now where we haven't had a negative number, a good run that started in may of 2020 with 3.1, which happened to be the highest ever going back to 1959.. Now, for the september read on existing home sales, let's head east to diana oleg diana rick, existing home sales in september rose 7 percent to a seasonally adjusted annualized rate of 6.29 million units. That's a beat. The street was looking for 6.1 million and a gain of just 3.7 percent month-to-month sales still down 2.3 year-over-year, but that annual comparison is shrinking and the realtors are pointing to august a brief drop in mortgage rates.

Now these would be signed contracts from july and august, but not only lower rates, but the fear that rates would begin to rise. This fall, which, of course, we know they already have and are already significantly higher. The inventory of homes for sale dropped to 1.27 million. That's down 13 year-over-year and just a 2.4 month supply and that of course, continues to push prices higher the median existing home sale, price 352, 800 up 13.3 percent year over year.

That sounds like a lot, but it's actually the smallest annual gain we've seen all year and part of it is that mix of what's selling very little selling on the lower end of the market. In fact, homes priced between 100 and 250 000 sales dropped, 23 year-over-year but million-dollar plus home sales up 30 year-over-year. So again, a nice strong beat on sales in september back to you guys, david diana. Thank you, diana olek and good thursday morning to everybody.

Welcome to another hour of swap on the street, i am david faber, along with morgan brennan and mike santoli. We're live from post 9 at the new york stock market. All right, uh, well interesting, uh, yeah housing, the housing market's just been nuts. Can we, i don't know it's gon na, be interesting, i wonder how many of you think uh fed's, actually gon na get rates to go up.

There's a lot of talk that the fed's just not going to be able to get rates up. I think they will but anyway uh interesting to note. A lot of the crypto plays right now are falling coinbase down 1.71 looks like micro strategies down a couple percent. Uh you've got hud 8 is down 5 right now.

Uh, let's see here body tsm, goog hippo. Just went negative as well: apple, just went negative corsair just went flat a let's got a half percent on it lemonade. One percent end phase neo these guys doing well. So fine, two percent matterport two percent tesla 2.2 good news and uh charge.

Point 2.88 wow. All right, well, there's not much uh, there's not much in the way of news right now. I'm gon na do one last look here and then i'll probably run over to course, member live stream in about 15 minutes or so zuckerberg, and we talked about that. Okay.

Well, i think that's about it in terms of uh news, so folks, thank you appreciate you all being here, we'll see you in the next one and uh make sure to subscribe thanks so much bye.