Welcome on in everyone to a market, open, live stream a little earlier today, as we prep for the jobs report, which is coming out in about four minutes. Big expectations here for the jobs report, we can have markets, really react, excitedly or pretty poorly to uh. What happens here and it's going to come down to two things? It's uh going to come down to wage uh, we're going to be specifically looking for inflation in that sense, uh. Looking for how much did wages go up on average month over month, and then, of course, we're going to be looking at that headline number to see what the unemployment rate is.

So i'm going to stay 5.2 we're going to go to 5.1 or we're going to get into the fours. Probably the most ideal case scenario here is just something straight down the middle, something around expectations: around maybe 400 to 600 000 jobs with uh wage price growth of uh somewhere around point four percent, or about four point: eight percent annually. That should not be a surprise to the market, so no surprise would be anything between 400 to 600k and uh month over month, wage price growth of somewhere around point three point: four, maybe point five anything outside of that and uh we'll probably have some form of A more extreme reaction, uh take a look at the indices right now you can see the indices are relatively flat: dow futures uh up 0.08 s, p futures up 0.11 nasdaq futures up 0.15, and this is really because the markets are literally just on pins and needles. For this jobs report, because we could literally go uh either way just to give you an example: uh we could end up with a very uh, very high, beat uh and uh high inflation number we could get.

You know say we got a million jobs and uh the unemployment rate fell to i don't know, four point: nine percent and the month over month inflationary number was like also one percent or something that effect. We could have a very uh, fearful reaction by the stock market, that oh, no we're in some kind of overheat or overdrive and the fed's going to have to act faster right, uh. Vice versa. I mean you could get this.

This miss uh with with low inflation and maybe we'll see, uh we'll we'll see a support longer so anyway, whatever the result is it comes out in about two minutes. We are again looking for that uh wage price growth and uh that had those headline numbers, we'll look at the categories as well and where you see the wage price growth by the way, it's not something that you generally write down as a percentage i'll just show You really quickly so when you're in the labor report. This right here is the labor report that came out for august in september. So right now we're going to get september's data which is unique because the uh unemployment boost from the federal government ended in september and delta kind of wore away in september.

We're really going to be looking for here as soon as possible possible is payroll. Unemployment rose by whatever number. It is so we'll see a percentage here and then you just quickly type in average hourly and then it's going to bring you here and then you just divide so uh, whatever your your percent increase, was uh or your sense increase out of um out of what It presently is so. This is really what we're we're going to be.

Looking for and uh yeah uh, we'll uh, we'll we'll see how it goes, it's gon na be fun and you'd have to subtract the sense and then divide, but but anyway, we'll we'll just do that so uh in the meantime, i'll also uh keep up we'll. Probably keep the spy up in the background, just to see how the market's reacting pretty quickly about 30 seconds to go and uh the spy yeah pretty pretty tentative. Here. I actually have a tiny little bit of movement to the upside, but i mean we're really talking pennies right here on the s p.

500: it's really not much going on here, but uh all right, we're uh! We are now at the time we should be expecting. Uh some sort of result. So let's see what we get all right, we're at 5, 30. and let's see here, do they already have it? Let's see if they have it.

Let's see boards again you're gon na see the dow futures up by about nine points, and things are coming down pretty rapidly. We just have this jobs report steve. What do you see? 194. whoa, that's low 94.

000.. That is real low got it. I got it here: it is oh wow, 194, a big miss to the downside. Unemployment rate went to 4.8, somehow uh average hourly average hourly rose by 19 cents so 19.

So you have to go 30.85, minus 19 cents uh and then divide these so 19 divided by 30.66. Sorry, that's 19, pennies that that is very, very low. That's a big, miss um uh! Sorry here hold on um multiply, but i have to annualize hold on multiply by 12 to annualize. That gets you about a 7.4, so this is a really low reading on the top line and about a 7.4 percent uh i mean this is like this is one of the probably more worst case scenarios for the fed, because it's kind of like well, the the Pricing is going up for jobs, but we're still not getting a lot of jobs.

This is a big oopsies uh. Let that's not not good uh not expected at all 194. This is like terribly low and, let's see unemployment rate fell. I'm surprised it went down to 4.8 percent with this horribly low number um, but anyway, however, their levels remain above.

Okay among the major worker groups, the adult men, adult men, had a rate of 4.9 percent adult women - 4.2 whites, 4.2, blacks, 4.9 uh, asians 4.2, hispanics 6.3 teenagers, 11.5. We've got uh, let's see among them unemployed. The number of permanent job losers declined by 236. uh.

Let's see temporary layoff changed little, so less people showed up in the report. Labor force participation rate was it came in at 61.6. Tiny uh has remained within a range since june. Okay, so no real change here and, let's see the individual groups, how are individual groups changed, leisure and hospitality increased by 74, 000.

wow? That's a big boost in the in the sector. Here, arts and entertainment, recreation up, 43, 000 food services and drinking places changed little in the second month professional and business services added 60 000 jobs, so services, entertainment, leisure. This we would expect this. This is good uh september employment and retail rose by 56 000.

I mean these look like good numbers. Where did we lose all the jobs? Uh warehousing up? 47 000 uh. We've got uh employment of transportation, that was 47 000 information, industry, 32, 000 social assistance added 30 000 jobs, manufacturing 26, 000 construction, employment up 22k wholesale trade up 17k uh. Here we go government education, employment decreased by 144 thousand in local government education and by seventeen thousand in government, education and nineteen thousand in private education.

Most back-to-school hiring typically occurs in september, but hiring this september was lower than usual, resulting in a decline in the seasonal adjustments, wow and healthcare slightly down so schools and healthcare. I don't know this is this is just a oddball report market, somewhat rotating down on this um gosh? That is. This is not expected at all to have such a this. This was one of, in my opinion, one of the more rare uh outcomes that we would end up.

Having wages and wage pricing growth actually go up so seeing a little bit more inflation right, 7.4 percent annualized and a lower top line. Read because this is such a mixed signal for the fed, i think people were really waiting for, like 250 300 400 000 jobs to sort of put the nail in the coffin for the fed to go. Oh yeah, we're tapering! This is not so good. 194 sends the signal don't taper yet fed, but at the same time the wage growth was higher, so a little bit more wage inflation and that sends the signal of fed.

Yes, please taper, so you you really got this disastrous kind of report. In my opinion, for the fed, where the fed's - probably like, oh my gosh like, can we just? Can we just for once get like a clear signal in terms of what's going on? I mean, i guess: food prices and gas prices and commodity prices aren't enough for the fan in that sense, but anyway uh wow. I i'm a little surprised, i'm curious to see what cnbc is saying, though, but this is a surprise to me to be asking um as we listen to company management's report, which is you know, how are they handling the shortages remember by the way the expectations were For hundred thousand jobs, uh, which uh i mean it's just a it's like a three hundred thousand job miss here, i wan na quickly see btc as well hold on. Let's see here, btc uh btc did basically nothing uh, virtually no reaction here in bitcoin after uh.

The jobs report and the s p, 500 uh brief trade to the downside here slight bounce. Now that is such an oddball report. You still have the indices broadly up at the moment, yeah. I i don't know that anybody really knows what to make of this.

I think i think it's maybe if there could be any optimism in the markets, it's that this is probably a sign. The feds look, it's not a clear: it's not a nail in the coffin to the fed where it's like. That's it we're tapering right and i think that's probably where markets are going to be more happy than disappointed, but definitely still confused, so i'd say confused optimism. That's how i put this.

This is confused optimism uh over over uh. What's uh what's to come here, so confused optimism, meaning hey, maybe maybe we'll still have cheap money flowing for for a little bit longer, maybe until next year, but uh, and that might be exactly the sort of movement that we're seeing here in the stock market. Tesla uh rotating up slightly here you can see the s p, 500 stocks, yeah rotating up disney rotating down uh amazon. I mean you're, barely barely seeing movements here.

You really have to look at these candlesticks hard to see any kind of movement after um. After that jobs report yeah, even uh macy's had a little bit more red, but all right - i don't know it's weird listening over here for a moment, then we see hires, but there are 10 to 15 steps in between between a job, posting and a hire and At each step along that way, there's a bottleneck and there is a huge logistics problem underway in the labor market. When i was at the cftc, we studied the market microstructure of the financial markets in infinitum. We were very detailed, but no one really has that approach to the labor market logistics problem.

How do we get people back into the market? What are the logistics? Is it really a labor shortage or is it a skill? Shortage is where is it geographically and i think moritan needs to pay on that, and i'm really dismayed, i have to say by leisure and hospitality, because it has been leading jobs growth. If it's not showing up in these numbers in the labor market, then it really dampens the outlook for the jobs recovery going forward austin. Are you convinced that it's a good point with the skill shortage? A lot of folks have uh suggested that could be a possibility, including federal uh reserve chairman uh jerome powell uh take a look at this here. This is uh sheep right here, shiba inu, all of a sudden, taking off right around 5 00 a.m.

Here from about a 22, you know to a position of around 22.. I will call it 2200 here and uh right after the jobs report pushing to about 2600 and uh bobbing around uh, now we'll actually still still on a nice uptrend here. So we'll keep an eye on this gosh. What a what a very very confusing morning, no clarity, but if anything probably leans in favor of less likelihood of paper, then more yeah uh all right all right! Well, all right! There you go so uh all right.

Let's see uh, let's see what else is going on uh, let's again hop back on over here to cnbc just see some other commentary here. If people can't go out and spend what you saw in the pandemic, is periods like that are are tough for the economy. So, let's hope that this downturn in the number of cases is is going to persist and we can get back under undercover. But the other big question is, you know, employers, obviously paying more than they were before.

How much more are they going to have to pay to get people back in the workforce, and i think that's the real question and that's what what most business leaders who are watching this this morning thinking themselves? How am i going to get? How am i going to get enough people to? Actually, you know, come back to work, yes, uh. Look! I i. I think that some of that is going to be related to the conditions right, yeah, look, some of that's related to the conditions of the virus. You've seen especially in industries where you're exposed face-to-face to customers or you're working very closely with with neighboring workers.

Those are the last place that people want to come back. They say i'm not going back to work at minimum wage in an environment where, where i could get sick um, so maybe if we improve on the virus, we can improve on that uh. But the second you you see that most of the conventional explanations, like the people were saying. Oh, it's it's all coming from ui.

They don't really work and that's true get rid of the bonus. Ui payments. You don't see a big flowing back in of the labor force, so i think it's going to be a tough period. You know broadly defined we're having logistical problems um, where your workforce is just like: suppliers of computer chips and and other materials - hey sarah we're watching.

That's a really good point uh for, for those just now joining uh, i'm gon na give a quick little recap here on what just came out on the jobs report uh. I do want to mention uh that if you have not gotten your free up to 70 dollars yet with public go to kevin.com public get up to 70 in free stocks and, of course check out the programs link below on building your wealth. So, let's do a quick recap here on the jobs report for those just joining so quick recap on the jobs report, jobs came in at 194 thousand dollars. 194.

000. I don't know why i always say like i'm so tempted to to reference everything in dollars. Let me try again quick recap here on the jobs report. We came in with 194 000 jobs, which is a big miss compared to the 500 000 jobs that we were expecting.

We did have the payroll numbers. The unemployment report go down to 4.8 from 5.2. This was mostly because of seasonal judgment adjustments, including a large decline in the unemployment figures for or the employment figures for private schooling and government schooling. A lot less hiring here than expected, leading to a negative number sort of a draw down holding down the jobs report.

But either way, no matter where the jobs came from or didn't come from, 194 000 jobs is way less than expected. The average hourly earnings went up 19 cents, that's more than the 17 cents they went up last month and that works out to about a 7.4 annualized rate of inflation. So this means we're in a situation where we had less jobs than expected, which would be a signal to not taper but a little bit more inflation than expected on job wages, which is a signal potentially to taper. But this definitely puts the federal reserve in a very difficult spot.

Uh there are is commentary suggesting that this is maybe not a labor shortage situation. This is a skill shortage, uh situation, where people have to essentially retool their skills to get appropriately hired by companies uh. There are arguments that - and this is an argument the fed has made. There are arguments that uh, maybe uh.

It wasn't that uh we had a federal reserve unemployment boost of 300 a month that kept people at home. It was such a common thing. We'd constantly hear it specifically from folks on the right in the media that uh oh well. Of course, people aren't going to go back to work, we're paying them not to work well, now we're no longer paying people not to work with the exception of state unemployment benefits and we're not really seeing those large wage gains or employment gains where we're missing on These estimates over and over and over again, and so now it does send a very unclear message to the federal reserve, uh and the fed's, probably uh, sitting there like this right now, you know going what what what what do we do now, i mean, quite frankly, I'd be confused if i were on the fed, because you've you've got this horribly unclear report it'd be nice.

If we just had a report, that's like hey look, we're overheating, taper, hey we're, not overheating, don't taper! I mean - and this report does say we're not overheating, but it does say that inflation is still lasting longer and staying around in a larger form than expected, so uh and then now it matters. You know you've got this. This fed dual mandate: uh stable prices, aka inflation and uh. You have a um, a jobs mandate, a maximum employment mandate, and so that's the fed's dual mandate, and so the fed now in november is going to have to pick uh.

Do we, or maybe they do some sort of gradient right? They could do no taper, they could do the taper or they could do something in between. Like hey, we were going to taper harder, but now we're thinking we're not going to finish tapering, maybe until the end of 2022 we're going to push everything back a little bit because we're not seeing that employment recovery either way. The reaction we're getting in the market is mixed and confused uh. If, if anything, it's it's maybe slightly to the upside, because there's more of a chance of less tapering or uh, like i said, a slower, tapering or no taper, but uh, no clear movement to either side.

This is a very confusing report. I wish we had some more clarity, but but we don't a bitcoin, mostly flat afterwards uh the uh cryptocurrency is generally flat after the report. You've got uh, mostly flatness in in the indices, although most indices up about a quarter of a percent, the only cryptocurrency. That's really moving at least that that we're tracking here uh, is shebe, and this right here is where the jobs report was.

It was already on an uptrend took a little breather here, as the jobs report came out and then, when it came out with a miss, we really started seeing a movement here on sheba again uh going from uh just about 2200 to about 2700 right now. Obviously, in the massive decimals here, but uh, a nice nice momentum mover right here so uh. That gives you a recap on what just happened with the jobs report, and so with that said, uh get a get up to seventy dollars for free with public dot com. By going to mechanical.com public get up to seventy dollars in free stocks and check out the programs down below on building your wealth use that diamond hands coupon code - i don't actually have the diamond hands cup today, but i have a level 99 fire making cup.

So it says the same thing use the coupon code, link down below all right, all right, let's uh, let's keep going so uh now, um! That's that's our recap. I i don't know it's! It's just oddball and confusing confusing, but um we'll take it because it is what it is all right. Uh i do. I will pull up the terminal as well just to see what bloomberg has to say about it.

I imagine very similar confusion. Let's listen over here. Uh a seasonal driver because of education. We need to reflect on what is keeping people out of this market and i don't think it's just a wage story either.

There's something else going on: hey kate, really quickly your reflections, your takeaway for investors, what they should think after this number. If there's any clarity here, yeah look, i'm gon na echo, something that sarah was just saying, which is it around um. You know less pressure on rates and less pressure on multiples, especially in tech and some of the growthier areas, being quite supportive for those sectors of the market. I do want to say we are expecting a lot more volatility throughout the course of the fourth quarter, though, we're going to get a print on payrolls, it doesn't quite need expectations.

We're going to get you know some fed speak we'll get some disappointing. Earnings maybe beats on earnings, it's going to be a lot of back and forth and there's a lot of uncertainty and i'd say not a lot of conviction in the equity market. Right now so i'd say, buckle your seatbelt, uh and take advantage of opportunities when we have down days to add to the high conviction, secular growers with good free cash flow. That's my call.

Thank you very much. Kate want to thank our entire panel. Sarah austin nila, kate and steve, and by the way, don't miss much more on the jobs report later today and a closing bell interview exclusive with the white house council of economic advisors, chairs yeah, all right, so i yeah i i don't know i mean you had Some people here say: oh maybe maybe this is going to be good for growth, stocks and tech stocks. I mean it's, not bad, but i i don't think the market necessarily agrees that this is a clear-cut catalyst.

You know i mean tesla's relatively flat here, adobe relatively flat since since the report here - uh google uh - let's - let's say google again - google amazon, quite frankly, they're all flat. You know so i i mean yeah honestly, like i think, if we would have had a had a miss on that that uh inflation rate, we would have probably seen a little bit more of a rally, because it would have been a clear signal if we had Uh, if we had a little bit more on uh on on you know, jobs uh, you know could have had uh could have had uh just a report along expectations, but nope. Not nothing in this market is going to be what you expect uh. That's that's what i think i think we're all realizing here is everybody's wrong.

Just like literally nobody could be right. You know it's. It's the inflation buffs who are like we're going back to hyperinflation they're wrong uh. It's the people who are like there's, no inflation, they're wrong, like literally everyone's wrong.

It's it's! You can't be right. You cannot be right in this market uh. It's it's just kind of just like just sit here and and put your put your face in your hands and and then basically just say: hey, you know what i'm just going to keep buying the div uh. I i don't know i mean i'll.

Take it i'll. Take it uh, because it is what it is. I have no choice but uh, it's very odd, so um all right well, we'll see how things open up. We've got about 40 minutes to go before the market actually opens here and uh, we'll uh we'll keep track of this so uh, most most specifically we're going to pull up a bloomberg here in just a moment and see uh what kind of commentary we got from Them which, let's see here, hmm all right, take a peek here: okay, i'm gon na watch, sheep, yeah she's moving nicely.

Actually here too uh and they've had a rough lot. I mean yesterday was kind of rough for them. I think just sort of a lack of overall catalyst. It's uh hurting this cheap trend, always remember that you want to look at uh trends when you're, when you're searching or when you're investing in uh a trendy stock uh, which i mean should make sense but uh.

Let's take a let's take a quick look: trends.trends.google.com, let's see what we got here, shiba inu yeah, you know, still haven't gone up. Uh past the previous peak here on cheap yeah. It's just it's just not ideal. Like yesterday, we had an evaporation of search trends for sheep and it really hasn't come back hold on.

Let me move my head here, one sec. There we go so look at this above my head here, uh you, you really started having this decline in search trends for sheba around 6 a.m. Yesterday morning, so right before the market opened uh california time here and you haven't really seen a recovery in the trend. It's really been a bleed out here on a trend which is not good and, in my opinion, it kind of explains this rotation of the downside.

You did have some announcements and catalysts yesterday about potentially burning, but which is good, making sheep actually deflationary uh. Well, we'll probably do a separate video on that, but um still i mean it still wasn't enough to actually get any sort of search catalyst here. Moving all right. Let's go back here, amc yeah! Let's look at the spy spy most it's just completely flat all right.

Let's see what the term says, sometimes they could give us some special insights. Sometimes they just tell us the same thing that we already thought or knew, but it's always worth checking all right. So dollar extending yeah lower yields say why we should remain skeptical. Let's see how are yields uh current steeper, okay! Well, that's between the five and the thirty.

Let's see here ten year treasury, let's see how the ten year moved 10-year i mean 1.58. I don't know that we really had a movement here on it. Let's see here, no, no real movement, no, virtually no movement on uh, the 10-year treasury rates, uh from the jobs report. No, what a disaster all right dollar falls to section, low future futures and yields slip after payroll as well.

I mean they've yeah kind of just been flat. Yeah did nothing like honestly; they have no idea either. I feel like this is like one of the most unsatisfying jobs reports, because it's literally just like uh. What oh well, what are you gon na? Do i don't know, maybe look for uh look for losers and uh pick something to yolo yeah cause.

That makes sense. We might do that uh. Let me listen again. A moment.

Oh see they're talking about average hourly earnings. Let's listen to this in a few minutes and uh, we want to remind you about the the new scene: no they're, not they actually just had a banner at the bottom, showing the larger increase than expected. But that's that's. What i was hitting on as well is that i mean that was you all know: those were the top two things we were going to look for and uh jeez er.

That is it's just not ideal, but uh, okay, let's go ahead and see: let's get let's just get over it get over. It kevin! Well, we're gon na figure this out uh! Oh, my gosh owlette, all of a sudden down eight point: four: seven percent: that's not good! That's that's! Definitely going in the wrong direction, so uh, let's uh, let's see what happened here with uh owlette. If there's any particular news, so let's see owlette how about eight percent uh after after the falls. That start i mean it, it went down to four bucks.

Then it ran back up came up about 10 to 15 percent and uh now has uh has clearly started. Uh rotating back down, so let's try to figure out. What's going on here, um, let's see owlette to report. Third quarter results november 10th.

Well, that's in a month i mean so far. I don't actually see anything new here. Uh we've got no there's there's really! No news here on owlette, nothing, nothing new on outlet that would signify why why it would be down eight eight point, four percent here uh and then you've got a firm down. One point: eight: seven! That's not such a big deal here: faraday futures, meta, material, lows, home depot, yeah lemonade, lemonade, point six, six percent to the downside.

I mean minor minor little dips here, but this is boring. Let's go look at the upside uh camber energy still trying to run back to to where it was back to 2.29 cents. Incredible incredible! That's a good one! My max max says when you move to a new place. You should always get a good speaker.

Just some sound advice, nah pony punny, all right, yeah, jeez yeah - puts to cell. That would be interesting. Well. Remember i like selling puts on companies.

I want to own and um like i'd, be curious to know what neoputs are going for, even though it's a green day - and i generally don't prefer selling puts on a green day. If i go in here at 35, bucks sell. Let's see that puts me at about for november. What is that 42 days, or something like that? That's gon na get hit me up about 6.54 and um.

You know i'm a dollar away anyway, from from actually being in them, uh from actually being yeah in the money on these uh you're out of the money right now, you're not going to uh you're not going to get this contract exercised at 35, unless we felt More uh in winning the money, so six winner yeah, that's i like neo, i think neo - is the perfect opportunity really to uh uh play the china trade. I i don't as much love alibaba. I think they have a lot more to prove with the chinese government. Chinese communist party, whereas neo i feel like is, is a little bit more of like, like the the love to child, i should say yeah so anyway, uh yeah, all right uh we could.

We could try some others here, let's see so what else dutch bros dutch bro has been on it on a slow move back to the upside okay, let's see here, blank 1.92 matterport, 1.11 matterport 20. I mean 20 bucks. I was really hoping to see a lower number. We got to about 1760 on the downtrend, but uh definitely uh, definitely being propped up by some.

More hodlers still got shift technologies at 690. This would be interesting, uh and i want to make sure uh that i take a look at this properly here. Let me see here so hmm, let's see here, let's look at some 750 or 5., see we're right between here. Okay, let's go over here.

These are in foul, you get a buck on 750 for november. On a 750 strike, you get a dollar a dollar divided by 7.5. It's going to give me about 13 percent you're in the money uh. I want to make that clear, because i think i may have missed described earlier in the money out of the money when you're looking at puts.

Yeah doesn't want to even give me any data now come on shift shift. You don't have a lot of options. Trading going on over here, no data, all of a sudden for november. It just had it yeah, whatever um.

Let's try to get that to load again there we go uh, okay, so in the money out of the money above above is in on uh puts so. Let's go, this: was the 7.5 7.5 sell, yeah yeah, you get a dollar. If you go to here, you're gon na get nothing okay, i i'd be tempted by some shift. I mean this is you'd really have to want to buy it uh, but you'd get a dollar it'd really be buying it for like 650, which right now it's at 684.

You know, or you could just buy the shares at 684. uh. You know 34 difference here. You know how exciting that is what about playing some some losers.

Let's see here, oh i wonder if the outlet thing was just an oopsies. That almost makes me think the owlette thing was a little bit of an oopsies, because now it's not showing up anymore. I was going to say i'll, let being down you know, 8 or nine percent on no news that doesn't make sense um a firm. Let's see what a firm puts if you do sell, puts on a firm what those actually uh look like.

Let's see here so at first we'll look at the historic volatility graph as well, so historic volatility rotating back down a little bit. You still have you still have rotation coming down. I think ahead of you for this. Seventh, yeah volatility hasn't moved down much, but you still have probably more down than up with the crazy days that we've had here.

So if i go to november - let's say 19th november 19th and we're gon na go over here at uh, something like at the money over here: let's go 135 yeah, that's a buck away! Okay! So if i sell a put here - 17 10 - that's gon na get me in at uh. What is that about 117? 5. 12. 12.

That's not too bad for november sell some puts here. You know, volatility goes down, you'll benefit price goes down, uh you'll be buying, get you some more exposure here uh. It is at a high, though. If i go into something like end phase, that might be a little more juicy.

Let's go, although volatility is way less. On end phase, i don't think we're going to get the volatility on end phase to have anywhere near that kind of pricing. So if i go 14.95 divided by 160, yeah see it's way less and that's not as juicy that's because volatility has been so low. Although recently it's gone up a little bit yeah, that is interesting not as much as a firm, hmm, okay, so uh all right.

We got 27 minutes to go uh until the market opens up uh, let's go ahead and take a look at some news. Let's see what other uh topics we got going on, lemonade sell puts that could be interesting. Usually we do this a lot in the course remember. Well i shouldn't say a lot, but we do this uh.

You know, i would say, certainly at least once a week where we go put shopping and uh. It's really good. I really like it. So if i go for a 65 here sell put on a lemonade, i'm gon na get five.

Oh five dollars. Seventy cents divided by sixty a little less than 10 that's for november. I'm surprised, you're, actually not getting more, but that gets you in at something like 59 30.. It's not bad yeah, all right, uh all right! So let's go to news so news.

Second, straight month of a miss uh, this is an interesting little uh little cartoon here, uh yeah, okay, who's who's. He gon na fall on who's gon na get crushed wall street could get four bitcoin future etfs by the end of the month. Oh look at this. This is interesting.

I find that very interesting futures etfs all right. Let's take a look here. Wall street could get four bitcoin future etfs after years of waiting for a bitcoin etf, the crypto community may finally get as many as four products in a matter of weeks. This month, the sec has once again to approve, reject or delay a set of applications for ets, based on the largest digital currency.

This time around, they follow a format gary gensler has indicated could be received favorably by the regulator. They'll hold bitcoin futures rather than the digital asset itself. Ah, it's all uh. It's all raising hopes in the 6.7 trillion dollar etf industry.

Beyond that, after years of delays, the world's largest markets may finally be ready to join the party, but a futures etf. That's interesting! As if that that might be able to get it through, so beyond any particular mentions from the sec, it seems like people are just making the assumption that the sec is going to be more open to approving a futures etf rather than an actual etf. For for holding the underlying asset, improving futures based bitcoin etf seems like an easy way for the sec and gary gensler to get a win in terms of appearing forward thinking on crypto. I don't know, if he's so worried about how he appears uh yeah.

First, etf approval for bitcoin in 2013, and it's just never gotten approved the odds of approval in the next month are better than 50 50, but i would hardly be surprised if the sec kicked. This particular can down the road a few more times. Yeah. That's no news, yeah, all right all right, so what is? Is she pumping again? Let's take a look.

I see some comments here about she pumping. I went to 28. yeah. We went back to our uh support line over here.

So this is a this. Is a nice move here, uh in she, i wonder what the catalyst was starting at five uh this morning, all right. What else? Hmm, let's see here, okay futures fluctuate, uh taliban at least a hundred dead wounded and afghan blast. That's terrible.

Merck's covet pill faces risk that virus could outsmart it no way that i i mean that was one of the things that was so cool about uh the uh. The pill was that uh it worked against all the variants. So i'm curious about this. Okay, all right.

Let's take a look at what it says, then merc's covet pill faces risk that virus could outsmart it mark's. Experimental pill for covid19 should be accompanied by other treatments as soon as they're available to cut the risk of drug resistance. That would limit its effectiveness yeah, but isn't this like what they say about antibiotics where it's like antibiotics over time? If you use them too much, they become less effective or you end up getting like these super uh. You know problems or whatever super uh.

I don't know what are they called super, not uh bacteria. There. You go super bacteria well, yet to be cleared by regulators. Uh merck's drug has been hailed as a potential breakthrough as it could be relatively cheap and easy to make doesn't require infusion has shown it reduces risk of hospitalization.

That's right by about 50 percent resistance occurs when viruses and bacteria evolve to blunt or defeat drugs. Yeah like a super strain thanks for saying that it is a constant concern for antivirals and antibiotics. Merck's pill would be no exception despite optimism that it might be a new weapon, the thought that you could have an oral drug readily available that you could take as soon as you have a suspicion of infection is a huge step forward globally. It really is it's really good, while this has always been a concern for anti-infectives, the likelihood that it will become a severe problem appears to be low.

Okay, good course for the treatment is short, meaning that viruses get few chances to evolve into resistant forms. Another reason lies in the drugs mechanism of action. Uh errors are replicated until the virus is defunct, inter it's so cool like. How do you create this stuff right? This drug works by introducing errors into the coronavirus's genetic material? The errors are then replicated until the virus is defunct.

Gosh, that is so cool. Merck's analysis has shown that the errors introduced by the drugs are spread more or less randomly throughout the viral genome. That means the virus has fewer opportunities to develop nice attacking pathogens. Many drugs have been far more effective in the combination than when used on their own, oh in combination than when used on their own okay, uh attack pathogens from several angles: drug cocktail, all right got it all right.

Let's go on the next one here: hmm! Okay, let's jump on over to new york's real estate tax breaks for now, a rich kid loophole tell us more if you have a modest income, but lots of and lots of cash new york city has an apartment ownership program. That's right up your alley, even if it wasn't meant for you at all uh. I see okay, so so some some kind of uh tax exemption, probably for for uh, poor apartments, and now this this doesn't really apply to most people here. So we're going to go to something else, that's interesting, all right, 20 minutes to go primers and protein binding with altered enzymes cause those effect primers and protein binding with altered enzymes cause those effects so basically introducing a set of enzymes lead to that.

Essentially, the dna replication process going kaput fascinating, so amazons are you can make these things, enzymes and proteins right? Isn't that isn't that some of the new science? Now that you can make enzymes and proteins and like vats? And then i guess you just stick them into a pill and make people swallow it. That's weird, but i guess the enzyme and protein has to only affect that though it's so weird. It's also weird that. Well, then again, i guess i guess, when you eat something your small intestines pick that stuff up and it goes into your blood.

So that is how you would get it there uh. I don't know, that's that's interesting. All right, uh, all right, let's see here allstate - wants to track your driving to set rates. Yeah i mean that's pretty much.

What tesla does with tesla insurance uh. Don't worry about enzymes. Smile direct is about to moon, uh, yeah, yeah uh see exit plan for sheep. You know i already exited cheap uh at a higher price than this.

I would but, but i'm was i'm thinking about you know it depends on what catalysts are. The trends were just too soft. Yesterday's trends were way too soft. You know really to keep going on momentum.

You need you need trends uh. This is this is good right now, but uh looking for playing this with catalyst. Is it the right time to sell your home seller's guide, uh, boring tesla to move headquarters talked about. That talked about what elon musk said: you got blocked from finance in the uk yeah, i think uh.

I think they were shutting down binance as of a few months ago, they announced that samsung expects a 28 rise in operating profit wow. Okay, let's take a look at that and then let's look at the sticks again, so samsung is forecasting a 28 jump in third quarter operating profit wow raising prices. Now are we of course uh? It's all that inflation i mean hey. We know about raising prices.

The price of the course keeps going up. Samsung is due to report full earnings later this month, bellwether for tech world, because it makes major electronics, while serving as a component supplier to companies like apple chip, industry, major investment, spree, intel's, building, new facilities in europe. Intel said it would build new chip, banking facilities. In europe value at 95 billion - oh my gosh and taiwan semiconductor manufacturing has said it would spend a record 100 billion over the next three years to increase product productive capacity.

My goodness yeah yeah, all right well, we'll see all right. Let's look at the sticks. A little bit here so uh sticks, pre-market rocket, lab town 9.4 smile direct down 288, a firm, ah down about a percent home depot. Also down about .83 toast down about a third lucid lemonade down about a tenth tenth of one percent and uh camber energy and sundial sundial, trying to make a recovery here, wow sundials at 64 cents.

Now at 73 cents shift technologies moved up to about seven bucks. I really think shift is a way to play the uh supply shortage, so when that, when that supply shortage of baits, i i wonder if then then, it's finally time for some of these things to uh to kick off, i wanted to wake up to massive red Yeah, sorry, we got literally nothing. We got. We got click baited, uh 10-year treasury, at 1.57, jeez stock futures i mean nasdaq's up about half the nasdaq is celebrating this more than the others.

Uh nasdaq technologies, s p more so than the dao struggling student loan. Borrowers may miss out on big part of the child tax credit stock, futures bounce after disappointing jobs, report uh badly misses expectations. Again, credit euphoria will drive banks to become to booming profits. Oh most big companies totally support max mandate.

Okay, hmm yeah wow. I i mean just low low news: uh wow cynthia loomis discloses a bitcoin purchase worth up to 100k. Really, look at that spokesperson at uh loomis's office says there was a delay in the filing due to a filing error. Okay, she made her first purchase of bitcoin in 2013 for 330.

A token that's awesome, sizable bitcoin purchase crypto supporter continued to grow her stake. I love it. No, let's see if we can uh. Oh, is this it? No, that's! That's the requirement.

I want to see the uh senate financial disclosures. I want to see the actual report public disclosures. Let's see, let's see here now - senate financial disclosure, financial disclosures. This should be an easy way for us to search for this resources.

Oh come on database, maybe in here oh this looks good. I think we're going somewhere here. Ah here we go loomis. Ah oh here it is: let's take a look, isn't shift concerning during inflation, as it would cost them more to buy cars.

We sell yeah yeah. The idea of buying shift - you know it's horrible right. Now, it's horrible for shift right now. The idea is that when the inflationary issues and the supply shortage abate, maybe the company stock price will go up.

That's it self bitcoin crypto purchase oops, that's it! It's just literally the one liner here, cryptocurrency asset name, bitcoin, exchange platform river. What what platform is that the river bitcoin purchase river river financial huh? Okay, talk to a human bitcoin? Is our focus? Buy ten dollars to a million dollars of bitcoin in minutes, sign up link. Your bank account buy bitcoin, okay, so um yeah, that's pretty cool. Let's, let's see if uh senator elizabeth warren has any bitcoin, i don't think so.

Uh i've gone through her reports before now. She also hasn't really filed anything for a while last thing was in. May you got a filing over here which there's something interesting to know. Let's see here, um yeah take a look at this okay, we're gon na.

Let me see if i can find it really quick, because elizabeth warren just went off on jerome elizabeth warren jerome powell. Let's see here hold on a sec two days ago, yeah yeah! It's in this all right! You want to see something funny, uh uh. I think it's this one hold on a sec. Let me, let's i might not be.

I could try to find out. It's also very disliked officials. This comes after warren, it didn't happen with one big step with one explosion. No, it was just a little bit and a little bit more calling of a dangerous man for a man that that acted pretty swiftly and and pretty in in a huge way and creatively to protect our economy and our system from a global financial crisis during copenhagen.

I don't know if it's in this i'm trying to find he's loading up on risk. Now i feel like this interview was longer, but they didn't actually post the whole thing. Uh. I wanted to see there.

There was a part of where she talks. Oh, maybe it is at the beginning here these transactions - it might be around here because there's an irony that i want you to see, hold on look into these transactions and joins us comments which made a ton of news and got a lot of attention. Understand your criticism: isn't it just unnecessary smearing instead of having an honest conversation about the issue? Go sarah i've been having a conversation a little bit and a little bit more and a little bit more until those? Ah now i can't find it darn. Okay! Well i'll! Have to look harder for it, uh, because elizabeth warren uh totally slams the fed for for something that uh she really shouldn't, be slamming them for, and i'd love to talk about it, but uh.

Unfortunately, uh fine finding the clip might be a little bit harder than i thought it would be uh. Two days ago we did oh, oh, oh, i found it. I found it. Oh, oh! This is good.

Okay, the market opens about nine minutes, so we got plenty of time. Okay, you ready for this. This is good. Oh yes, yes, okay, okay, okay, okay, okay, okay, oh this is so funny all right.

Give me one! Second, let me just set this up and get rid of that. Okay, so take a look at this, because this is something else all right. So what i'm about to show? You is what elizabeth warren says in her complaints about the federal reserve and some trading that happened at the federal reserve, but then i want to show you something about elizabeth warren's financials. So take a brief list on this.

That's about a minute i, i am concerned about a culture of corruption when we find out that there have been three different high officials at the federal reserve who have engaged in practices that may be a violation of law, but certainly undermine the public's confidence about whether They are acting to line their own pockets or, on behalf of the american people, that's a real problem and it's a real problem in leadership. We need a leader who makes it clear. I mean this actually shouldn't have been an issue who could be at the federal reserve in a position of authority and responsibility and think that it is okay to trade, individual stocks or to move from a bond of a portfolio to a stock portfolio. The day before there is a major announcement about possible changes in okay, so fair uh in in some regard.

There's some fairness in what she's saying you had: uh three people: rosengren kaplan and clarida trade stocks during some of the craziness of 2020 and clarita moved money from a bond fund, one to five million dollars from a bond fund to a stock fund uh. It is true the day before there was a big federal reserve announcement this. This is true and it's, it is kind of like oh wait, a minute that that's a little shady, that's a little sus like we, we shouldn't be seeing that now. Usually, elizabeth warren is quite the by the dipper uh, which i think is is cool like i went through her prior reports and i think it's useful to look when you go into her.

For example, 2020 report: they just buy the dip, it's uh, it's her and her husband and if you scroll down to her financial disclosures, she regularly kind of buys the dip, see here's for 2019, which was filed in 2020, and you get a lot of uh. Usually purchases here, so you get some sales listed up top, but most of them are purchases of between a thousand to fifteen thousand 000. And it's all in these tiaa funds that that she buys and she's constantly buying uh the dip. And it's usually it's just one to fifteen thousand dollars, which could be like 10k, 10k, 10k, 5k, whatever, but most of the time she's buying the dip.

She did a lot of that uh in uh in 2020, as well during the financial crisis. So you saw a lot more purchases than than even sales, so quite the by the dip i mean here february 20th bought the dip or maybe there wasn't, maybe necessarily even a dip there. It's just that same one to fifteen thousand dollars. I don't know that she even really cares about buying the dip.

I think it's just this sort of regular buying around marchbot uh, you know in in april bot in may bot in june bought uh it and so in july. Bot in august spot doesn't really care. It just seems like whatever putting our money into here. In this case it was the vanguard, total stock market, so she's buying index funds which, in fairness, hey, you know, that's not trading individual stocks, but she did just bag on one of the federal reserve.

Members from for going from a bond fund to to a stock fund in fairness that federal reserve member went from a stock fund to a from a bond fund to a stock fund the day before an announcement. But i have to say i did think it was very interesting that she would use that example uh when uh, when she also. Let me see if i could find it here, take a look at this uh on september 9th, and i don't know if this was right before catalyst or anything. Maybe not.

Maybe it was maybe it wasn't. But it's kind of interesting that in 2020, elizabeth warren also sold a bond fund and moved it into a stock fund so like for what it's worth. She kind of did the same thing again, maybe not right before a catalyst, but kind of did go from a bond fund to a stock fund. So uh, you know who knows.

Maybe this is a sign that it's just like either everybody in in politics should be. You should be banned from trading or nobody should be uh but uh. I i kind of kind of i'm like ah wait a minute. What was happening in september in congress to make you go from a bond fund to a stock fund yourself.

So i don't know. I think that's a little odd, uh and and note this is different from her regular buying right, because i i do appreciate that she's constantly doing this one to fifteen thousand buying here, but this is different because you have this larger well, this fifty thousand to a Hundred thousand move from a bond fund to a stock fund - you did also, i believe, have a transition over here from a type of uh from a type of index fund to a vanguard. So she took her her fund money from tiaa worth between a million and five million dollars and went to vanguard. That also happened on the same day, so she did do a transition from a stock fund to a stock fund.

On that particular day. That's not such a big deal, but but seeing the transition from a bond to a stock fund, but then also bagging on somebody else for doing that sort of transition. Again, maybe maybe in fairness because of the catalyst. But she did also make that transition that year - and i don't know - i mean what was going on in congress last september, uh last september we were negotiating, i mean we didn't pass the 600 stimulus check until december uh.

You know the we. This was right before the uh, the budget crisis. Right. Let me see 2020 budget debate congress.

Do a quick look here. Uh, oh well! It would be the 2021 budget debate. I suppose august 9 14. uh what budget? Well? That's yeah! No, okay! Whatever we we got a stock market to look at, but anyway i just thought i'd make that mention that you know it's not like elizabeth warren is not making trades either.

Who knows again, maybe not right in front or or uh right right before a particular catalyst. Like the fed did, but i just specifically thought it was interesting how she would choose to say: how could you go from a bond fund to a stock fund again right before catalyst, but she did also make that sort of transition again. Maybe the timing different, but uh you know, maybe she took inspiration anyway. Let's get to what the market's doing uh all right do, as i say not as i do right.

Oh yeah, yeah, all right so uh. What do we got going on here? So, let's see here uh we have uh sundial up 13.49 and camber energy trying to make its moves here as well. We have 30 seconds to the opening bell. Let's go ahead and look at the s.

P. 500 s p sitting at pretty flat. I mean a point: two percent to the upside. I mean boring uh jeez blue apron's, going down a little bit more four point, one eight percent, but beyond that i mean i'll i'll put up a oh here.

Let's do this. Let's put up uh amc and uh. Maybe we'll put up uh the spy, but let's first look over here for the bell: it's good to be carbon neutral. They are so you know what they are and do they get any heat from the germans.

You know i can't really hear a word jim saying, but you could just hear like his intonation.