Welcome back everyone: well, we've got some big earnings coming in today and i'm excited to cover them. This is really now starting to become the beginning of earning season and uh whoo. It's going to be exciting. Uh you get to get your! You get your uh dollars, ready for some kind of tip and uh at least the pretty much all of this year.

When we've had when we have tech earnings, we see uh earnings beat like crazy and then stocks fall. So maybe this time we'll have misses on tack and stocks will actually go up to reiterate this end of the year rally which we've kind of started we'll see if we sustain so uh worth noting the first uh earnings report that we're going to get today is Going to be netflix, then we're going to go on to united airlines, and this is obviously in addition to the earnings we already covered this morning, like johnson, johnson, proctor and gamble. But netflix united airlines will actually have interactive brokers, which should be a good little. Four channel for robinhood we have uh actually yeah.

Those are probably gon na, be the big ones that we're gon na look at after here, certainly netflix uh. Then again, united airlines will take a peek at them and interact with brokers. Take a look at those, maybe also take a look at wd-40 just to see if we can get a little bit of a towel to see how supply chain issues are moving and other constraints are so we'll go ahead and have these pulled up again. Netflix united interactive brokers, wd40 we'll watch these once we get to earnings which these are all reported for netflix.

At the bell. A little bit later for united airlines wd405 interactive brokers at the bell as well so netflix interactive will be first, okay, so uh. Let's go take a look and see how uh how things are evolving. Today, we've got uh again a little bit of uh interesting market.

Here so let's uh, let's get situated and get going all right. Let's see here, first thing: we're going to do is we're going to take a look at bitcoin to see how bitcoin's been moving uh. Obviously we have the bitcoin futures etf that started trading. Today we uh we just touched 64 000 by the way, which is really incredible.

Uh super happy to see this we've got ethereum, not really keeping pace by the way, and neither is cardano. This is an almost a bitcoin exclusive run here so you're at 63. 7. Right now, on, btc uh did run as high as 64 000.

intraday has been pretty wild. Today, we've been all over the place, uh intraday, let's see here, we can see it better on a 30 minute chart yeah look at this. We had futures uh. Let's go to let's go to here.

Well, let's go to the five minute chart that'll be a little easier to see so five-minute chart. We went. We had our opening bell right here. At 6 30.

we ran up from about 62-3 to about 63-3 did crash to about 61-4 only to recover straight to about 64 000. There we go we're at 64 000 as well. So congratulations on uh, bitcoin uh, let's see here! Okay, let me update this all right. There we go so uh, let's see yeah.

This is this. Is a pretty nice move here on bitcoin that probably means bito. The first bitcoin futures etf is doing well yeah, you can see it's. This is pretty much tracking, as you would expect to trap another track now.

This is not something that i would invest in uh for a long-term investment uh you you kind of get killed in some of the fees and uh the way they roll futures contracts. So if you're not familiar with backwardation or contango, i stay away from this uh, i would rather own the cryptocurrency itself. This is clearly a very bullish move here on the bitcoin etf, uh, bitcoin, futures etf is really what it should be uh, which is very bullish here. I'll, take a look at this alibaba moving a nice six percent today.

After talk about that arm deal for the 5 nano meter chip, this is pretty cool, something that they'll be using privately charge. Point of 6.68 had a nice big call option on this was awesome. Then we've got uh matterport 5.28 percent here on matterport. Awesome still got calls on coin as well coin, doing well end phase.

Also our calls over here pinterest also got calls on pinterest. These guys doing very, very well. Pins is one of mine. That's uh! That's in the nag uh it's pretty ugly in the negative, but that's okay, uh other things.

Killik and blood can't win them all. Corsair. Of course, they're gaming sneaking up very nice, 1.37 percent. Let's go look at the losers here, macy's dropping about 5.84.

After that run. Yesterday, upstart pulling down almost a full 5 here falling into the close net down. Three percent looks like it is also falling into the clothes along with sofi falling into the clothes. You have uh lucid kind of stable going into the clothes here, owlette and lemonade.

These guys getting burned right here, uh into the clues. Let's see dave and buster's continuing its trend down right now. I wonder if it's going to go back to 30 bucks, a firm down about three quarters of a percent, but most of that happened at the beginning of the day and tesla is pretty much at the lows of the day sitting around that 866 865. 867 level.

Right around there draftkings only up about point five, two percent, after news of its all uh polygon, or should i say, a matic partnership yeah on nfts, so that's uh that'll be interesting to see how this develops. We've got uh neo up about one percent sitting right at about forty dollars, not as high as what we had right when we opened really. The first 20 minutes of the trading day were appear to be or appear to have been rather the most exciting uh. With the exception of her dutch bros, which has been pretty much straight up throughout the day now sitting at 63 dollars, roughly oh yep, now just beating the all-time high uh all-time intraday high of 62 beating this now sitting at 6314 with an intraday high at 65, 65.80, my goodness 23 and me coming out of this back burial ground finally, 23 and me running out a little bit back to almost 10 dollar, the classic par value for most specs.

Let's see here, okay, good! So let's uh! Let's take another look at bitcoin, see! What's happening here, why are we running so much on bitcoin yeah? I mean obviously a lot of enthusiasm around the bitcoin uh etf. It's fascinating to me that if we go out to the hour chart, we have this very, very nice trend here and we clearly broke away from 58 000, which is excellent and now we're just on a beautiful, accelerating uptrend here so loving what i'm seeing right now, The i haven't been buying bitcoin since uh since dips some of the other levels, but it does make you wonder if we're going to run over to uh 70 000 on this, let's go grab ethereum as well. Let's take a look over here, ethereum kind of still stuck look at this ethereum really sitting stuck around the uh, the 38 24 level. This is kind of where it's been stuck almost all day long and if we go to the day chart, we could see a little bit more enthusiasm here on the trend for ethereum, but really getting stuck in this channel, and the channel is really about a 38 Level to about 4 000.

you're, really hitting against that uh. 4 000 psychological threshold, the another. Well, another thing that's doing really well in the crypto space is obviously the coin. Partnership announcement with facebook - that did i mean coin - has just been on a run.

The last uh, what gosh since october 5th october 5th for what it's worth has been uh quite a bit of a you know, looking back at a turning point, because around october 5th is when we ended this crazy fall where, in september we just had the market Continuously dropping, i think, the easiest way to see that is if we just zoom out and we'll hit the spy here really quick. So let's go ahead and do that, let's jump to the spy, we should see an inflection there around october 5th. Let's take a look so yeah look at this. You can see the real pain here.

October 5th was one of the bottoms for the s p 500. We really started rotating down around september 7th. This is where i had a lot of videos talking just leading up to september and august and leading up to september a lot of talk about me. Hoarding cash keeping cash on the sidelines ready to buy the dip ready to see what happens, and we ended up getting all these fear catalysts that created a perfect, buy the dip opportunity, not everything i bought, obviously timed the bottom perfectly.

I did purchases on the fifth or third, you name it the 30th, all throughout kind of this madness over here, uh and, of course, anytime, with individual stocks dipping to levels that are really enjoyable. I added to those i'd, never added to coin. I've got i've had plenty of a position that i've added to coin consistently in the prior dips, which the prior dips would really have been uh over here in july or i'm sorry. This is the s p 500 uh, which is where we've also had dips.

On coin, but let me see here, yeah see, look at this coin has really just been skating along this support line here and when you look at it this way from a ta perspective, we should really be able to run to 320 on coinbase pretty soon and If we break that three positive optimus, especially if we get positive earnings results out of some of these companies, then i think we're uh. We could see coinbase backed finally back to some of its ipo pricing. If i uh look at coin right now, i can tell you, let's see earnings, an estimate see when they report next, so their next announcement is in 10 days, it's october 29th. There's an expected move of about 3.66 in pricing for the stock at earnings.

I have a feeling it's potentially going to be a little bit more volatile than that, but we'll see, but again you you've come off this insanely strong support line over here uh i mean this. This line has just been reiterated over and over and over again uh 223, and - and this is why there are so many folks who uh, i think, who are fundamentalists, who might discount the value of ta but uh. The value of ta can really give you the benefit of knowing okay well - and this is hindsight, we know this right, but it can give you the benefit of okay: hey we're at 252, we're at 260, 270. - ah, not a biop! Ah, back to 220 hey, you know this is uh skating around bottom right, and these are things that i like to do heavily.

When i invest, is i try to make sure that i time my purchases as much as possible when i can close to the support lines and help lower keep those cost bases as low as possible? So let's go ahead and explore some other losers over here. Vinco ventures: macy's upstart, some real pain over here cloud flare falling a little bit today, uh sofi, two point: seven six percent so far personally is not something that i'm ready to even remotely buy the dip on, and it's solely based on the the charting that we Could see here i mean, if anything i would certainly like if i was just so anxious to buy sofa. I would certainly wait for something like a 1912., and this isn't even that good of a level i mean this is just the level it's kind of more thrown there uh it much much more preferred to be around that 1780 level in between 1471 and 1780.. You know between this.

This is really where we were channeled uh for sofi, now, no guarantees that we're going to return to that kind of channel same thing with matterport right, no guarantees you do not have to return to a channel and uh right now we're seeing a pretty pretty nice. You know sort of support trend build up here on matterport uh, which is wonderful, uh, definitely great to see so uh. Let's see here um, let's see here, give me a second here: okay, anyway um once i all right there, we go all right, let's see, what's going on with nano dimension uh i see one of you commenting on dana mentioned. Oh yeah, look at that nano dimension! Uh, finally, with uh with a six per percent gain here, this has really been one uh that has been rotating down pretty miserably here, uh and it's it really had so much momentum to it and the ceo honestly.

You have to give him credit, and i was saying, as i've been making a lot of videos about nano dimension uh during the time of this run. Nato dimension is one of those that uh that really the ceo every time the stock went up, issued, shares issued, shares, issued tariffs and and basically raised so much capital because he knew that momentum was going to last. It was very, very, very uh, smart uh, so i'm really impressed with uh how the secret job uh, you know not necessarily the best for um for investors. But then again, you know the broader sentiment movement here.

This sort of bleed out on nano dimension, uh is, is not something that i think he really had an effect on. He just took advantage of high price points and raised capital as people continued to buy the stock. It's honestly what gamestop should have done more of but then again gamestop did pay off all their debt, so they did some decent work. Uh.

Okay, let's see here, let's go to coin market cap for a moment and let's see some of the headlines here as well as tracking this bitcoin futures etf, which we talked about a lot already, but we're going to cover some more. So, let's see here coin market cap right now we've got uh bitcoin really running. I mean look at the seven days here for a moment on some of these coins. Bitcoin up 14 ethereum's up a respectable 9.3 percent.

I've got a lot more ethereum than i do of anything else. My next closest is cardano and unfortunately, cardano's just been sitting flat. It's really missed out on this last week's run here, uh you've got uh and then the same would be true for even solana. Solana, up about 2.75 percent polka dot, doing very well up about 20.

dogecoin up seven uni swap up 10 you've got uh shiba inu down 2.45 percent polygon up 20, so you've got a lot of volatility within the coin space right now worth mentioning. Let's see uh! So somebody in the chat, saying kevin your sold end face, puts printed attendees uh. Oh that's, awesome! Uh! Let's see here. Let me see what what it's sitting at right now.

So what do we have? Weeble? That's the s! P 500 at 450 and end phase and phase end phase. Oh it's up. 53. That's great yeah sweet offsets, uh offsets the uh loss on the dumb lemonade call from november.

That's great! Although i i'm still bullish about lemonade, it doesn't and i don't get. I don't get less bullish because the stock price goes down. If anything, i'm i'm tempted to increase my exposure here on lemonade really tempted, especially even even look at lemonade, though kind of run into the clothes here. Uh just the insurtech space, the lemonades, the hippo.

A little rough, low, vol right here, love all on hippo, but uh yeah, just rough kind of bleed out here and what's fascinating, is look at that bleed out on a ta basis, basically go uh to where uh the uh, the prior bleed out level was so Honestly, where you sit right now with hippo from from a ta level you're not far above this sort of bleed out level, which is about 416. you're sitting at 425 right now, you're not terribly above that, so for a little bit more of a risk on play. Uh, you know this was back disaster. This, in my opinion, was overvalued.

This right here is uh skating along the bottom. We've seen a lot of stocks skate along bottom, like uh, robinhood, it's getting around this 40 level. It's been lower, but 40 seems to be a big issue for robin hood. It just sits there and skates along the bottom.

All right, let's see so all right, let's go ahead and see some headlines. What do we got going on headlines today? Bitcoin futures etf demand surges in u.s trading, debut uh, most cryptocurrencies, are garbage. Guggenheim suggests ouch, see what he says. Majority of crypto currencies are worthless and will fail with just a handful of big winners: remaining guggenheim partner, guggenheim partners, chief investment officer scott, said similar to the dot-com bubble of the late 90s.

The world of digital currencies will produce some breakout successes like amazon, which went public in 1997, while most of the field will fade away, as did pets.com ooh the the food i mean, probably not wrong. A lot of them are gon na disappear. He says 70 of the coins are garbage and will go away said in a bloomberg television interview: let's listen to it. What else are we doing? Let's see if it can load? Oh we're going to give us an ad first, okay, bitcoin blah blah blah blah.

Hardly a value play but wouldn't recommend shorting it a week or so ago was warning that, as we see a stimulus, we're not even withdrawing stimulus, we're just slowing it down that we could see volatility. We could see a significant selloff in risk assets. You don't think, that's a risk um. I don't think right now it is the seasonals.

You know we. I had uh written the piece about two months ago, three months ago, how i was concerned about uh the resurgence of cove in the delta variant and uh. You know that we could get a pullback in in risk assets. I think we've had it.

I think. Last week the surge we got in equities marked the bottom uh seasonally. The stocks do very well between here and may and uh. It's really interesting because i think it's also spilling over into other asset classes like crypto yeah uh, so you know you see bitcoin and what it's done over the last few weeks.

Uh you know i i i can't tell you it's a value, but i won't tell you that you should short it because uh, you know it's likely to be higher in the coming months. Would you go into the bitcoin futures etf or do you think that that was or would you want to go along bitcoin in and of itself? Well, i mean the coin, and of itself is very difficult like for us, we've invested in the point for our clients, but you end up in you have to be in something that's a tradable vehicle like an etf. So i think the etf is a very interesting development, especially for you know, institutional and individual investors who don't know how to you know how do you buy a bitcoin? How do you set up a wallet uh, you know, how do you um? How do you safe keep your bitcoin, because, if you just leave is, is he not going to mention? Oh, i hope it didn't screw it all up. I think i screwed it all up.

Was he not gon na mention that it's a bitcoin futures, etf and not like a regular see? This is something that bugs me. I was uh. I was on a radio show this morning and they were asking me about the bitcoin, etf and and, and yesterday i was on a tv show in san diego and uh they're like hey. Well what what about the bitcoin etf? What about the bitcoin etf, i'm like! Well, first of all, it's not a bitcoin etf.

It's a bitcoin futures etf! We're gon na make a big distinguishment here, because now you're trading commodities contracts and if you don't know anything about contango or commodities contracts, you don't want to touch this thing. It's very very different. Forget this guy we'll go over here to this. What do we got over here, all stuff that was coming back after the delta varian outbreak? So you know we expected that, but my goodness auto sales down one percent after being up one point, eight percent last month and then, if you just look at ipip way off way off, so i mean we see weakness in high tech weakness in the private sector.

It's really spreading through to the economy and look the pbsc does not look like it's. It's going to move anytime soon and president xi talking up almost endorsing a property tax here, damian just looking at the conversation as it involves in china, that's going to add more pain to this. Isn't it absolutely not making anything anything easier, although we did see a little bit of a a little bit of good news on the property side? Last week, on friday, one of the property issuers xinhuan basically was able to agree to a debt swap on a dollar bond with its creditors. So look i mean it is possible that they can get through this and certainly egong.

The pboc chief was on the tape overnight, saying much the same thing, but the weakness in the real economy is starting to really take hold, and i am surprised that the pboc is sitting on its hands. We are calling for some four percent gdp growth in the fourth quarter. You think they should move. Oh, i absolutely do yeah do what damian well look.

I mean this becomes a matter of liquidity. I mean jonathan, you know the longer. They wait. The longer the you know, the redemptions are going to pile up the risk of default rises.

I mean granted. Cd cds swaps in china have basically gone as high as 60 they're. Now, back to i think 48 today, but still the risk is there and if it grows, i mean they cannot get funding offshore they're going to need to find funding at home and if the pboc is not there to provide it all that's wrong. They have capacity to move the rest of em right now, they're going the other way damien.

Thank you, sir, as always, demi and sassa a bit of economic data in america. It's a downside, surprise! Let's get to it! Here's abby all right! I'm going to pull off this discussion over here so interesting on on the risks there in china uh by the way, looking a little bit - and you all know - i like doing this - i'm just looking a little bit. I do this all this morning. We did a bunch of this uh in the course member live stream, many of you there uh.

You know this we're looking at options and calls and things to buy or short or short-term trades generally we're not shorting, but anyway, uh yeah, i'm looking here at net uh put contracts sitting at a just over 10. If you go out to fab uh, you know that is out to fab. You go out to december, not so juicy uh, but uh cloudflare is one that i'd be watching because i'm, i suspect, the volatility for for cloudflare. This is the contract.

So let me show you the actual chart there you go. I suspect the volatility for cloudflare is pretty nice right now, so i'm going to do a quick little hvg on this. Let's see historic volatility graph uh it's up, but it's actually not as high as it was on. 6.

10. 6 was really the bottom here. Look at that right when you had this u-turn in pricing, the inflection point in pricing. That's actually, when you got that change in volatility mc down now, 4.6 percent had a great day.

Yesterday. Everything was pretty much having a great day yesterday, yeah yeah, looking looking for uh selling, puts over here uh, you know who knows maybe maybe lemonade's the way to back door in something that i've been looking at for a while as well is. Maybe you pick up: some of these 65 sold puts you sell, puts over here you're getting almost 10 percent for a hold of about what 60 days here. Let's see here, yeah! Isn't that weird 59 days and will be at december 17th, like that's.

That's crazy, uh yeah, wow, wow wow, but anyway uh yeah i've got ta. Let me see here: oh yeah, yeah. Okay, let's see here lemonade as of the last, because i have so many stupid accounts, it's so difficult for me to track these darn things. So lemonade sits at about 2.76 of the port and yeah like owlette.

More speculative is like 0.78 right, so peloton 0, for example, redfin uh redfin used to be like five and a half percent to six percent, but it has sold off so much. It's like three point: six percent. I never really added to redfin, though never really sold it yeah redfin. I just have such a low basis on him.

I can do anything squares, another one that i really want to pump up a little bit, but i'm not i'm not in the mood of going into more margin right now. So let me look at square quickly, see if there's some cell puts over here on square uh, probably not yeah 254, probably not on square. It's uh! You know just looking at the chart, we've popped off a little bit here. We're we're, if anything, we're popping around a level of resistance here, so this is a potential.

This is probably not exactly where i want to pick up more square. You look at over here we had a resistance, roughly here, uh and and then of course, where we sit now. So we want to keep an eye on that and make this a little weaker here there we go so we're going to watch square, but i would say on on lemonade: it's been a while, since we've actually seen lemonade uh in some of these levels. Over here.

Look at this may 12th folks may 12th. We cl we had an intraday low of 60, we closed at 64. and uh and then the next day we had an intraday low of 58.. That was the 13th closed at 62.74, the thing's trading at 66.

Now, while everything else is rallying honestly, i think insurtech has just been left behind uh this. This could be an opportunity to pick up a little bit of cash. I don't i don't love going out too far, but uh, let's, let's just do for giggles here. Let's go explore for a moment here.

We got two minutes before the close. If you sold a march yeah, okay yeah this is this was similar to what we were analyzing this morning. You're we're waiting another three months for less than 50 percent four months. That's not really worth it so uh.

I'm gon na go ahead and sell some of these here. All right, let's go! Do i don't know how much do we want to sell 30? I mean how much do i want to buy yeah, i'm okay with selling 50 of these uh? If i can actually get this to go through, let's see if i can sell it, yep looks like uh that probably presumably went through all right, so we're getting to the closing bell here, i'm going to send an alert, as i always do to those folks in The stocks and psychology money group, if you want to join that group by the way check it out uh link down below there - is a um. What's it called um a coupon code. Okay, let's see here, okay hold on never mind.

I can't get my order to go through so maybe i won't i'm not gon na chase this thing, so i guess some some people probably front ran me here in the stream, so i'm not gon na send an alert, but anyway, usually when that's fine, i will I'm not going to chase this thing down. The worst thing to do by the way is chase some of these things down. So no problem uh, but anyway that uh things like that are things that i look for and when i actually execute i'll go through and uh you know, send an alert uh, whether it's for crypto or what it is and uh yeah. So, let's see what else is going on look at this fall into the clothes here folks, getting stream sniped on trades, yeah, probably uh.

Look at this fall into the close folks. This is uh. This is definitely a fall into the close here, uh! Well, no, but it's not the s! P! 500! It's just certain stocks. Look at that cloud flare a little bit of a fall into the close here, amc falling into close! So fine! Let's listen to the bell! Oh uh, you didn't even see that darn it hold on over the last couple of sessions.

As we approach the close, though we are up uh, almost three-quarters of one percent on the s p 500. The dow is up half of one percent and then up 0.7 ring. The bell here at the new york stock exchange is the ceo of delta airlines at fashion. You can see that exl ringing at the nasdaq all right so russell 2000 is on 0.36 nasdaq.

0.71 s p, 500 up 0.74. Dow 0.57 really good moves here, uh overall in uh on the indices a little bit of a drop on a lot of different stocks here into the close. Take a look at this for a moment here. You've got sofi down into the close.

You've got cloudflare down into the close and okay hold on netflix earnings. Here we go uh netflix we had uh netflix netflix streaming paid net change, 4.38 million. The estimate was for 3.72, that's a beat. The eps came in at a huge beat and revenue was a match.

7.48 eps came in at 3.19 versus 2.56. This is really good for netflix. This thing should be going off, uh right now, uh, or at least it will. This is, this is great uh, great job netflix, here more numbers coming in right now we have uh streaming streaming paid users coming in at 8.5 million the estimate was 8.32 uh, that's very good, better than expected revenue matched again so far.

This is looking very good. Uh netflix workers plan walk out over dave chappelle, though that that was reported a little bit before the bell, but overall these these are very good earnings. Coming through here we just got uh q4 revenue expected of a 7.71 billion versus 7.68 expected that's also b. This is a triple beat so far here, netflix now up about three percent in the after hours, so good job netflix.

Let me quickly see if we have any of the others out yet wd, not yet interactive brokers is out. Interactive brokers comes in with a q3 net revenue, 42 million eps of 43 cents. This is a miss. Oh, this is uh.

This is a big big, big oops on interactive brokers. This is not going to be good news for something like a robin hood folks, interactive brokers, coming in with net revenue, 464 million versus an estimate of 640.. That's a that's a big oops uh. If i go 464 divided by 640, that is a miss of about 28 on interactive brokers.

Not so good trading revenue must be down maintaining its quarterly dividend. At 10 cents, though big big big, miss at i b k r. Let's take a look at interactive brokers. Here yeah: let's see how we doing if we can find the darn thing: uh ibkr there we go down about uh 2.78, which is roughly what netflix is actually up right now: yeah netflix right now up about three percent on, quite frankly, smashing earnings here, really really Good job on netflix's part, so, let's see all right uh, let's see what else we got here: q3 uh, so that was comprehensive.

Eps came in at 34 cents versus the estimate of 76 cents, their individual or their regular eps. Here, they're reporting at 78 cents versus 75.. So that's that's closer, but still the sales were a huge, miss again net revenue of 464. uh, their sales net, 464 million versus 640.4 yikes.

Okay, then we have united, is not out yet netflix says: 4.4 million new subscribers. In the third quarter, surpassing expectations, yeah again the expectation there was 3.72 uh added uh added, quite a bit more than expected so great job streaming, growth tops estimates and yeah wow. The moves on uh on netflix, good job. Let's go ahead and take a look at btc, while we wait for some of these other earnings here, yeah still running the 64 000 resistance here trying to push that united airlines, we are waiting, interactive brokers, q3 customer counts up 75, nice wd still waiting.

So we're waiting for united and wd both of these did have an indication that they would be a 3 30 announcement time. So let's go ahead and see what else is being covered uh in the news, let's pop on over here for a moment of last year, and we are just getting really the third quarter earning season underway. So that number is poised to go much higher, because this is going to be the hot topic as companies grapple with shortages of inputs and logistical bottlenecks. Let's talk about some of those input costs because of course, among them are commodities which have seen prices skyrocketing.

We know this story well oil, at its highest since 2014, the metals at their highest since 2011. All of that contributing to elevated producer price inflation, which is what we see at the bottom panel of this chart. But the thing is: is that it's just one part of the problem, because even when companies can secure the goods that they need, they face a massive challenge in getting them where they need to go. Global reports are extremely congested: rbc capital markets, estimating that look at that freight rate coming down there, shanghai to l.a freight rate, dropping now at ten thousand, eight hundred.

Ninety eight uh down from that peak of almost twelve thousand five hundred forty foot container from shanghai to l.a is off of the highs this year, but still have a hundred and seventy i'm gon na go ahead and pull off their discussion here again. Waiting for netflix waiting for wd-40, so we'll come back on them. Oh sorry, wd40 is in now so wd-40 comes in with revenues and we have fourth quarter: financial results: 8.41 million eps of 61 cents. We had net sales between 522 and 542 for the year.

The estimate was 501., that's a substantial beat on guidance eps for q4 forecast. Uh see wait hold on uh w. Oh this is i hate. How do they do this uh so sees 2022 eps 5.24 to 5.38.

The estimate was 577, so that's actually a little bit lower their sales in the their fourth quarter. Here were 115.2 million net sales, yep 115.2, their eps actually came in lower than estimated 61 cents versus 124., so they'd be on uh guidance, but they got hurt here on uh on really both their forecast and their eps. So i wonder if at wd we're having potentially some some real supply issues, not only just supply issues but uh transit issues, so uh all right, we'll have to keep an eye on that yeah wd-40, no, not kidding at all. They reported earnings day and they a smaller company, is likely, in my opinion, to be a little bit more sensitive to potential supply issues.

So it's always good to pay attention to what's happening in the markets, all right, so movers in the after hours netflix only about 1.45 right now, some profit taking there almost immediately. It looks like you have darden uh about one and a half percent here after hours. Usually the after hour moves aren't so critical, though a lot of a lot of limited liquidity here, uh at the same time, so uh not so great, all right, let's uh! Let's go ahead and see here: okay, um! All right! Let's see, give me a second here, okay, good, so otherwise, let's go ahead and see some other headlines. What do we got? Let's refresh look together here: netflix killed it san francisco, new york, see tech salaries slip amid remote work.

Wow googling job is once again more popular than googling unemployment. Oh that's a good idea. I want to look that up job unemployment. Oh look at that.

That is too cool. Look at that unemployment plummet and look. It plummeted right. You can't make this up.

It literally plummeted right when we stopped paying people uh the unemployment boost on the federal level. All of a sudden the boost goes away and the searches plummet. I mean it's also not a surprise, because uh, you know you had self-employed people receiving unemployment uh, which uh, which, which they're generally not eligible for, and so you get this expiration you're losing a group of folks waiting now on american airlines. We had a lot of talk about, uh netflix looks like uh.

Squid games has been viewed 142 million times in the first four weeks of its release, and now netflix is going to shift to reporting hours viewed for titles rather than number of views. I think that's a good idea, actually it's kind of how we look on youtube as well, as is uh total watch time. So that's, that's, probably a smart thing: yeah solid, move there netflix, though great job i mean what what a banger there uh yeah do. I think that the chip shortage and shipping crisis was artificially manufactured.

No, i don't uh, you know. Could there be rumors around that, of course, before buying your program? What platform do you use for? The members only lives, it's actually youtube, yeah uh and then bb a blackberry. It's a momentum, one uh! It's not something! I would go long on. You know, that's i'd, be careful of things like that.

So do you think blockchain already solves or will eventually solve the trust problem, not exactly sure what you mean. I mean i think the beautiful thing about uh block or blockchain technology is that you don't you don't have to really rely on a centralized service. You get to rely on essentially code, which is uh undiscriminating, which is great, but yeah, i'm not exactly sure what you're referencing so uh remember by the way, get up to seventy dollars and totally free stock by going to mckevin.com public metcalfe.com public get up to seventy Dollars in free stock - and you can follow me there at meet kevin, they don't buy or sell your information and they don't use payment for order flow, pretty cool platform. You can also follow other creators.

There check it out metcalvan.com public coupon code for my programs by the way it does expire 10 days. We got another 10 days to go price, go up again, all that inflation. So we saw this trend here on job and employment. Let's see what we have here.

There may be a glimmer of hope for u.s employers who are facing an acute labor shortage. Job has finally overtaken the search trend for unemployment. We saw this saw. This job trend could be a promising sign for the labor market, which has seen a dearth of workers from restaurant hospitality industries to trucking and farming.

We have desperate to attract employees. Companies have increased hourly wages offered hiring bonuses change job requirements. By the way, i hear that um truckers are getting paid like big bonuses right now for taking trucking jobs. We think that transfer payments and unemployment have uh enabled workers to refrain slash, delay coming back to work, sure an extra 300 a week and pandemic help people yeah exactly okay, that's all they have to say all right.

I think that solving the trust problem may lead to the eventual separation of government and the economy yeah. I doubt it uh. I i would be shocked uh if we saw something like that, i mean maybe, but i don't think that would be anytime soon. All right.

Let's see what we got over here on cnbc and all that we're talking about right now, whether it's netflix or other stream income was saying some of it is bound to pay off. So i do think it's a very important industry to watch and especially as it penetrates in asia-pacific, especially especially goes to mobile users as well. I think they're just a lot more lovers that the streaming industry can fall mark it. What's up, two percent now point eight percent.

What what are the key things on the call for you? Well, i think that expectations were super high. They kind of met them. The question will be the follow-up. The follow-through the one thing i haven't figured out yet is what happened to arpu, so those new customers did they come at a materially, lower revenue per user.

Remember, there's two key things: we're new new things we're watching here. One is gaming. Julia talked about that. The other one is they're rolling out more of these mobile plans in parts all right, i'm going to back off with this mobile plan.

Talk it's a lot about netflix here! Well, instead, uh. I want to address this question. So there's a question here kevin. How do you prepare your portfolio in case the u.s, uh and, and china actually happens? Tensions are all all-time highs.

Uh you know china has has been creating tensions and heartache for american investors and i would say, investors worldwide, for as long as i can remember, i mean uh 2007 2006. Even before the great recession. There are always chinese fears uh. So you know they've become more salient at points during the obama administration, the tariff war with uh, also obama and trump more recently, as well uh.

I i you know especially amplified by this uh evergrand crisis as well. China's just always going to be one of these, where i think we have these tensions, it's not something. I personally think it's necessary to hedge against. It would just create essentially by the dip opportunities, but it is something that uh that i would pay attention to.

Uh. Personally, if, if i wanted to hedge, i probably just throw money into index funds and then break the bank on those to go, buy things that dipped. That's, probably what i would do uh, so you know you have a little bit of a strategy there. In fact, that's a strategy you could set up for yourself as well.

I i don't even know i mean there should be fund managers that do that as well, but think about it. You know you just park your money in the s p and when dip opportunities come up, move it from that to to buy those, because you know s p goes down five percent. You know there are going to be certain tech stocks that are down 20. 25.

30 percent so uh take advantage of of that point hopping over, but that way, you're not feeling like you're you're missing out so uh anyway, all right uh. What else we got still waiting on united come on united, no united, yet all right! So after hours, we have oh look owlette's up two point: three four percent expi is up a little bit. Dq skills amc, these guys rotating down a little bit amc just getting smattered a little bit here. Uh is that ports are not set up to clear all the containers off boats, they can work, but the ports don't have enough equipment to move stuff.

I believe that i think, that's also why they went to 24 7.. But beyond that, you also have the issue of there. Aren't enough truckers, there aren't enough uh ways to get all the product distributed and sorted once it once it's, even within the port. You know you get it off the bone.

You put it down on the ground. Now what you got to sort it it's got to go to the right place, handling all the logistics that it's it's a disaster. I agree with you, but i do think uh. It's it's getting better, not worse, just my thought anyway.

So, let's see here, okay, okay! So let's see here, oh yeah! I want to hear this on the interactive broker's results, because again this is probably not great for robinhood such an unbelievably strong period. Absolutely so so our adjusted earnings for the third quarter were seven eight cents for share revenues. You know this guy reminds me a lot of the uh nordic american tankers guy, who remembers uh, who remembers mr nat. That was a funny one.

Never bought that glad. I didn't because it plummeted uh, so this was our second highest quota. Revenue figure ever surpassed only by the hyperactive first port. Our accounts grow.

It's very big right, he's kind of just going through his uh his earnings report, it's kind of um unengaging. Unfortunately, at the moment, i'm sure there'll be some other stuff. That comes, but not something i want to watch live right now. So let's see here uh, let's look at this one.

Okay, this! This has been obviously a big issue in the news here lately, while we wait for the united earnings, a big issue in the news lately has been stock trades by the federal reserve. We had a particular member. I believe it was richard clarida who moved money from a bond fund to a stock fund the day before an announcement by the federal reserve. Elizabeth warren made a similar move, but not near one of these catalyst states.

We've had other broker or other members of the federal reserve, also make moves in stock portfolios, whether it's to different funds or to uh to different stocks or whatever we have seen such uh such drama, and what we have over here is uh. Now new information that jerome powell may have traded potentially up to a million dollars right before a catalyst event and jerome powell so far has not been a part of uh sort of any uh. What's it called uh, you know scrutiny up until now and this disclosure, so let's uh, let's see what we've got here. How big a deal is powell's million dollar stock trade there's no way that insider knowledge would have helped jerome powell's one stock trade.

In fact, his timing was lousy. Oh interesting john throws it all out there in the summary. So let's see what we got here. Uh, let's see a journal of american progressive left, has published a piece highlighting that jerome powell, chairman of the federal reserve, sold between 1 and 5 million in stock on october 1st of last year.

He did so through a vanguard fund that tracks the total market. How big of a deal is this kind of also worth noting that the stock market just barely, was getting out of the disaster of the september sell-off last year around october first, and remember that we walked basically right into the election drama around. I want to say it was week two and three: maybe it was even one through three of october of last year that were kind of a disaster right before the election. It was a perfect opportunity to go shopping in stocks and took big advantage of shopping and buying the dip then - and it looks like jerome powell kind of bought before that.

So, let's see here, the full disclosure can be found here. Thank you very much. Let's go ahead and look at the full disclosure, so there it is jay pow. I certify the statements are true and correct, and so what do we got here? We have t row, price equity index value.

Okay, these are, these are just the assets that we have so he's got about one to five hundred five hundred thousand dollars to a hundred or to one million dollars in a t row price, essentially something that tracks the s. P. 500 uh another one to five million dollars in an s: p, 500 blackrock index and then a spider index 100 to 250 000.. So he's pretty much all in on spy kind of interesting spouses, uh employment, video production here value not readily accessible.

Okay. So, where are the moves here? Let's see, for these are other assets that he has. I'm surprised i thought jerome powell would have a whole bunch more assets to put on his disclosure here. A lot of these are smaller sort of individual bonds.

That he's got here. 2500 to 5 000, relatively small numbers for jay powell. In my opinion, then here we go mutual life insurance cash value 100 to one mill: okay, vanguard, total stock market index fund a million to five. Here we go: here's where the larger numbers are uh.

I shares rush russell three thousand fifteen thousand to fifty thousand, and here we go transactions so really the transaction that was most interesting was right here: the sale, what he sold the van total stock market index on october 1st, between 1 million and 500 000. Sorry, 1 million and 5 million dollars worth. Why would he sell that's interesting, so he actually sold a chunk here october 1st. It doesn't look like he rebought based on this because, oh well, here we go.

What is this. Oh here was here was some buying and he didn't. No. This is a sale as well.

That is interesting. We don't actually get dates for some of these other purchases, which are kind of annoying. We have all these endnotes that we'd have to go through to find them uh, that's not so ideal, and in fact i don't even know, what's the footnote here, i don't even know that we're gon na get dates see. None of these have actual dates.

Just says c: endnote, that's quite interesting, so gifts and travel, reimbursements, liabilities transactions, okay, the section does not include things having to do with personal residence treasury bonds. Things like this. Okay got it. It's not a big deal.

Other disciples there's nothing on the dates for the purchases, so it's a little kind of odd that you would see um and he closed his life insurance policy in 2020.. Lots of liquidating but anyway. So i wonder if he bought a big house or something like that. Liquidated or something like that, that would be interesting, but why would you sell october 1st uh and september 21st? I agree.

I think this timing is actually pretty lame. Where are your buys man? I mean you got all these smaller purchases here, but there is no big purchase here. That's very odd jay pal paper handed. Did he buy a house? Let's see jerome powell purchase house, let's just see uh.

Okay, oh thank you! Safari jerome powell purchases house see if he did no there's really no talk about him purchasing. You think that that would be news if he bought a house right, so he didn't buy a house. I wonder what he did with his money. Let's see what the opinion article makes uh makes of this before we get we're still waiting on united earnings by the way it looks like fed chairperson, a rich man from his career in private equity holds an impeccably dull investment portfolio.

I kind of agree like i'm shocked: it's not that large, it's smaller than expected. Apparently he got out earlier than expected. Uh, you know virtually all passive and spread across asset classes does not appear to have done much trading, barely small purchases and a sale that looks like it's either rebalancing or some sort of income to reinvest yeah. It's odd one.

Big trade was on october 1st. It uh covered the whole market, so no inside knowledge of particular sectors would have helped yeah. This is when the trade occurred right here and the market took off like 33 since then so very odd, sale, lousy timing completely agree with that 35 gain on on a good chunk of money. So he's already publicly addressed his intentions in august and september of that year, yeah he should have been keen to buy and not sell, no kidding the american prospect.

This is that left-leaning group, the liberal group they put together a narrative that makes the transaction seem more sinister. I don't know i'm looking at the disclosures and having been in this market every single day here this seems stupid, yeah man, there you go j pal sold and got all in on btc in ethereum. No, he would have to disclose that. So, unless he's not disclosing it, which i'm not suggesting things couldn't be hidden, he would have to disclose that as an asset, that's a that would be absolutely hilarious.

Could you imagine if jerome powell liquidated his stocks and went all in on crypto? Oh, my gosh, that would be the funniest thing ever uh fox business popular with conservatives, followed the story and headlined jay powell sold up to 5 million in stock in 2020 before market tanked um that, i don't think so i don't think so. Uh, maybe yeah they're referencing, maybe the little bit of wobbling before the election. That's nonsense, so it looks like the left group is nonsense. Fox news was nonsense on this headline sounds like the media is just being dumb as usual.

The real issue here uh, is the fed officials have to be worried about conflicts of interest powell, whether it needs to be reappointed or not blah blah blah. I see i just want to know where the money went. Honestly, i wanted to know where the money went. Did he go cash? Heavy i mean that's, i mean you'd, think it would.

It would show something i mean. Well, then again you don't have to show purchases, you would have to show assets, so maybe does he show assets? He had cash. I think he went to cash. Oh my gosh, why that's the only thing that makes sense, because otherwise he would have had to show on a purchase, so he probably went to cash for some reason you know he's.

Probably just i mean he's never professed to be a traitor, i mean don't get me wrong like i, i like jay powell, but yeah he's got he's, got a bunch of money sitting around in cash uh. I i don't. You know he doesn't have to disclose a purchase for cash and there there are no purchases here under transactions. For anything close to that amount, i mean you've got some money, maybe here 50 to 100 000.

But again you had more sales over here he sold a bunch of stuff in 2020.. I think he cashed out he's just like f it. You know. That's that's about the extent that i could see this and do i think it was sinister, not really uh.

If anything, it was stupid, but then again hey, maybe for his own peace of mind. He's just like look. I i can't take it anymore, like it's too stressful, we've rebounded a good amount. I just i want to get ready to potentially retire.

I'm just gon na sit on some cash. That's the only thing that i could really expect here, uh, and so you know in my opinion, i don't necessarily see anything wrong with this. I think this is probably a personal decision for jay pal and uh. I'm not going to complain about it like uh fox or that liberal left group that uh implied it was sinister.

It's just my thoughts, just my two cents on it huh anyway, that's jay pal for you, if you want other. If you want me to review other people's disclosures, let me know in the comments down below who else uh. Should i go through their financial disclosures? Who else uh? What reports should we go through? I got a lot of votes for nancy pelosi and joe manchin. Let me know in the comments below all right: let's keep going here, so we are waiting for united airlines, nancy and mitch.

Mcconnell bernie bernie's is pretty boring, but uh yeah and we got ta. We got ta, we got ta get nancy out of the way we got ta do nancy. You know the video of oh wow. Look at uh, okay, uh bitcoin just hit another high here for a moment.

Look at this bitcoin uh it's at 64.1. Right now. We did hit 64.3 for a moment. Go to the minute chart here.

Yeah 64 3 was a high that we just hit nice still waiting for united earnings. Here. Somebody was asking earlier in the chat. Why tesla crashed you know i.

I can't really say that tesla going down like half a percent is crashing uh. If you think it's crashing, you probably shouldn't be in the stock. Okay, united is in. Let's go okay, we are uh.

Third quarter results operating revenue, 7.8 billion. The estimate was 7.64. That is a slight beat. We have eps coming in at a dollar, 44 passenger revenue came in at 6.64 versus 6.72 expected, so that's a slight miss, but but overall, a big beat, which is leading the stock to actually move up, remains on track to meet 2022 targets.

Traffic up a lot load factor at 76.1 - that's pretty good! We came in with a loss per share of a dollar too compared to 161 estimated wow wow wow wow. This is really good up. 2.64 on the news, great job, united airline, other stocks.