To another market closing livestream elon musk had just about a twitter. The board issued a statement that they made a deliberative analysis and found that elon musk's offer was a substantial cash premium and the best offer uh that they could potentially get together now. This is no surprise that if somebody makes you a best and final offer, the only reason you would actually take it is if you couldn't raise any money or any more money from anyone else. This is no surprise, because the valuation for twitter is right now, absolutely absurd, especially when you compare it to the other companies.

First of all, the company that goldman or the company that twitter hired to help them determine if this was a fair deal, was first goldman sachs. Goldman sachs has a 30 price target on twitter and elon. Musk was paying 54.20 cents for 54.20. Then they hired jp morgan, who also has a substantially lower price target than 54.20 for twitter, and then, if you just look at the p e ratios of some other companies, you realize that holy moly 5420 is quite a pretty penny for twitter.

Consider this netflix is selling for 18.9 times 20 22 expected earnings per share. That means you're paying about 19 times earnings for every single share of netflix. At 207, facebook you're paying just 13.6 times 22 earnings per share for facebook at 185. twitter.

You are paying 75.2 times for yeah, and that is not a typo let that sink in for a second, i didn't make a mistake on that. Twitter is literally literally selling for 75.2 times 2022 earnings. That's because projected earnings are 72 cents. So if you divide 5420 by 72 cents, you get 75.2 times 2022 earnings, guess what that means that actually makes tesla a cheaper stock to invest in than twitter.

That goes to show you how much elon musk is overpaying for twitter, but is it really an overpayment? See if some other random company bought twitter twitter, probably wouldn't change much we'd, have this constant struggle of well, we got to make sure the advertisers are happy. Therefore, we have to moderate content on twitter, which is obviously to some degree, a restriction of free speech and, of course, we all realize that there should be some things that are protected and not on twitter, but we're tired of those back room censorships that demote political Speech and actually demotivate political speech from happening in the first place. This is really really bad, because even just demotivating people from being able to speak is censorship, so with elon purchasing twitter, even though he is paying a pretty fat penny for this company. That is not worth 54.20 alone could actually make it fit that valuation because of the change that he can bring, which really probably nobody else can, and so this is actually, in my opinion, a moment to celebrate.

This is a moment where you literally have one of the most brilliant minds in the world: the richest person in the world, which that part doesn't matter so much, i prefer to say the most brilliant mind in the world buying twitter for about 44 billion dollars to Help bring open source, artificial intelligence and moderate moderation to america and to global free speech. This is great, like congrats, humanity. This is awesome now it's also worth noting that the ceo of a twitter will be holding a meeting in about an hour and 22 minutes to address employees. Imagine that there's some stress from twitter employees, but given that most people over at tech companies or at least to some degree, compensated in shares, i really don't think twitter employees have much to be concerned about worst case scenario.

You get a nice severance package, you pack, your bags or you've already packed your bags because you're working from home anyway and see you later like you find a new job. It's like it's possible. We got a really tight, labor market, so even if elon comes in and fires 50 of people, which i don't know that he really wants to be, you know come across as that kind of corporate style raider. But just saying, even if that happens, hey you got a great buy it on the shares.

You probably get a great compensation package on the way out anyway uh. So this is a pretty exciting day uh and it really shows like the valuation elon is paying for twitter shows two things one again. It shows that the current valuation he's paying is whack, but he's doing so because he believes he can actually grow into that valuation. And again, everybody keeps talking about how overpriced tesla is yet twitter is more expensive per share than tesla is on a price to earnings basis kind of crazy, and especially when you consider growth right, i mean twitter right now is growing at a factor of, maybe maybe, If we want to be generous 20, let's be generous.

Okay, that means they're selling for a peg ratio of 75.2 divided by 20. 75.2 divided by 20.. That means twitter is selling for a peg ratio of 3.76 3.76 peg. That's insane i mean tesla is selling for like a one peg right growing in about 60 percent and uh and a forward pe of 2022 of about 60..

That's a one pay. That's i mean you're paying one times for that growth over at tesla you're, paying 3.76 peg at twitter. It's crazy! Now, obviously you know am i trying to say like oh, don't buy twitter stock or whatever i mean hey, look. If the deal goes through, it's it's worth 54.20.

Why is the stock not at 54.20, because there's always a chance that, like the biden administration comes in and says no, we reject this or the sec says something right. So you're probably going to see some some level of uncertainty because of that uh. I think that's why, right now, if we take a peeky doodle over here at tweeter, you can see it's trading for about 52 bucks just under 52, so you're leaving about that two percent wiggle room in there for the oh crap. What if this doesn't happen? Uh? So if we go 52 divided by a 54 20, that's leaving yeah, it's about four percent is what's being left in there uh.

So you know best case scenario. It's four percent worst case scenario: the deal collapses, scc comes in and says no thanks, biden comes in says, no, i don't know something crazy happened and the thing goes back to 35 bucks right so not sure the downside risk is worth the upside of four percent. Keep that in mind now uh again, i do want to make this crystal clear that when you are in a negotiation, the only reason you would ever take somebody's best and final offer is, if you're like yeah yep. That really is the best offer we're gon na get uh.

Otherwise you would almost always always always counter offer always counter offer. Almost always now some people put a value on certainty like, for example, when i do deals if, if, let's say i'm buying a property, i like, given a great offer up front being, like hey, look i'll, remove contingencies. I'll, give you a great clean offer up front. Just accept it and i do that same thing if i'm a seller, if somebody comes in and writes a really clean offer on a deal, you know i i don't need to play the massive back and forth game.

I respect that, but let's be real if you're, in an actual like hardcore negotiation, one where you're not trying to build a foundation of respect uh and you have an opportunity. Let's say somebody asked for a big repair request or whatever and you're like ah crap. Okay. Well, let me try to shop at somebody else and there's nobody else.

There then you're like well. I can take that or we'll stick with 35 bucks. You know what i'll take 54.20. Keep those things in mind and elon has that unique ability to overpay for this stock again because he himself actually increases the value of tesla substantially a question in the chat here for a buck 99.

Somebody donated a buck 99 to ask me: will i buy twitter stock and i feel, like i kind of just explained that, but let me make that crystal clear in case it still isn't no buy tesla, not the distraction. Uh remember if it goes public all right. I'm sorry it goes private you're gon na get uh you're gon na get closed out. If, if twitter stayed public, no, no, i don't know if i would buy now but uh.

You know, it'd be i'd, be a lot more interested in owning twitter. If it stayed public again, the valuation's still pretty insane it's going to take quite a while for elon's changes to really take effect. Uh. I wouldn't be surprised if you start getting some quick changes up front just so that way, elon could really show everybody hey boom.

Look how quickly we make changes happen. Some easy low hanging fruit and things like that can be done very quickly, but otherwise uh you're gon na be on um, you're gon na be largely on standby, for uh changes happening and that could lead to some downward pressure and stocks in the short term. Okay, so let's take a look and uh see how things ended up today, because folks, it was kind of a wild day. Today.

Okay, look at this insanity. The qqq is up one percent. What is up with that uh somebody here says: you see president trump coming back to twitter. Okay, there is talk that president trump is going to come back to twitter, because elon musk wants to bring him back, but there was some murmuring from the trump campaign that oh, no, no we're not coming back to twitter we're going to go on.

What's that thing called again: oh yeah, truth social, i mean, while that's down like 17 right now, uh anyway, so uh look at this folks. This is in freaking, sane. Okay, look at this all right this morning, i'm like i, don't know folks. It doesn't make sense for us to go to the zero percent on the fibonaccis i'm holding on and uh, and so we get a lot of red uh at the beginning of the day.

Here we pull down uh almost to uh to 320. How long would we go here? We pulled all the way down to 322.43 there's zero percent fibs at 3 18. boom going into the close. We are now moving up 1.14, not even lifted by tesla tesla down 1.43, potentially under the weight of this fear that elon musk is using roughly about 12 billion dollars of a financing.

Uh 12.5 billion dollars of loans against tesla shares. The other 13 billion dollars are coming from morgan stanley and others in debt financing, and then about 21 billion dollars are coming in equity financing, which, if we want to do some quick fun math. If we divide 21 billion dollars by 2 000 shareholders. That means the average shareholder in twitter's private deal would be investing about 10.5 million dollars into twitter at an insane valuation uh.

So unless you have 10.5 million dollars ready to yolo on one stock with elon, you ain't gon na be part of uh, his uh, his uh, his private uh deal and and honestly, even if you had that money. Good luck getting in that circle. Uh i'd be cool but anyway, so i wouldn't do it. I bet tesla instead uh anyway, all right uh.

I'm very impressed, though, that both the uh nasdaq and spy have now gone positive s, p, 500 and now are finally up. Uh approximately, what do we got here? Uh point: five: five percent: this is great: okay, elon musk, just tweeted uh, yes, take a look at this. He wrote free speech is the bedrock of a functioning. Oh there we go here.

We go okay, elon, just tweeted free speech is the bedrock of a functioning democracy and twitter. Okay, that's a comma splice by the way in the first line, but anyway and twitter is the digital town square, where matters vital to the future of humanity are debated, said mr musk. I also want to make twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust defeating spam, bots and authenticating all humans. Twitter has tremendous potential.

I look forward to working with the company and the community of users to unlock it, wow very, very, very cool, all right so uh. Let's take a look at some of the other matrices that we have so uh again. We've got dow jones completely positive. Now, .76 s p: .57, nasdaq 1.07.

We have uh oil down to 103 on brent folks and a wti sitting at about 99. So wti moved up a little bit there brent uh down a little bit more bonds, uh only down about eight basis points. Now this morning we were down as much as 13 basis points on the 10-year treasury yield. Now i will really really pay attention to things like the five-year break evens and the 10-2 that inverted yield curve.

So let's go ahead and pull. Let me pull those really quickly so uh, oh good, good, good good! Good. This morning, the uh five-year break-evens were sitting at about 3.32 right now, they're sitting about 3.29, so they've come down even more. This is a good sign uh for the market, especially on a day where bonds are actually uh rallying, then you've got uh.

The 10-2 spread uh did rotate down today, it's at about 19, which signals a little bit more recessionary. Fear today this morning certainly didn't help. Pretty rough morning this morning, but uh, but again, no no serious, uh belief by me that uh we've got a recession coming in the short term, though uh the odds of a recession substantially higher in 2023, make sure you watch my video about the odds and timing For a recession where i show you an exact chart about when we could end up seeing a recession in uh in the next year here so uh, let's also look at some comments. Yes, i think the comments are pretty funny.

Uh, let's see here. Okay, so threw me oh yeah, okay, so uh. First of all, i really like this uh. This look.

Somebody wrote this on twitter. They said i already love the new logo. Hashtag rip twitter uh. Now the ripped twitter thing is is a pretty uh sarcastic thing by a lot of folks who are pretty negative about the elon uh acquisition.

But anyway i i like the uh, the tesla logo as the t. Obviously it's a joke, but it's still kind of interesting uh. Let's see what else we uh, where are the other ones where they all go hold on? I got i got a bunch of these uh there's so many funny things here: uh, okay! Well, some of them are funny. Some of them are just stupid.

I'll, just take a second here. You know what we'll do we'll hop on over to sarah. Just for a moment. Let's listen to sarah.

While i fix this getting a good deal here. Yes, i think so again, i think twitter is in the middle of a transition. That's going to take a long time. I feel near term.

I think macro and micro headpins on twitter are just going to amplify uh the weakness here. So i think uh it's a very good deal for investors. It remains to be seen what happens longer term with twitter. What can musk do is the, and what is he willing to do is a big question, but near term.

I think it's a very good deal for investors. Igal. Do you agree? Yeah um? I agree with that sentiment all right. These people are boring.

Jeez come on man, they got ta get some more entertaining people on here. Man come on. What's up with this okay uh. Let's take a look at this, so um daily caller says quote: i'm leaving twitter end quote is the new i'm moving to canada, which is a reference to donald trump uh, winning the election and people being frustrated and saying: that's it if trump wins, i'm moving to Canada, of course, probably nobody actually did take a look at this one.

This is clearly a joke here, but matthew on twitter writes i'm leaving twitter for cnn plus. The irony, of course, of that is that cnn plus just shut down uh paul mars blog. If you like anything, tesla, make sure to follow whole mars blog on twitter, uh just be careful. If you have notifications on you'll, get notifications all day long - and i do when i like him, but anyway, hater colin.

If elon buys twitter, i'm leaving me finally uh ellen shelly quote: i'm leaving twitter end quote response. Okay, see you in 30 minutes the karen's, that's it! I quit darren grimes if elon musk's purchase of twitter leads to those that are pro censorship on the platform leaving it. I say, that's a win-win for twitter um. Here we go okay, this guy used to work for cnn all right.

He used to work for cnn and guess what the cnn guy has to say quote not sure, i'm interested in twitter if elon musk owns it okay, this has like 64 000 likes. It's insane uh. This helped lead to uh uh twitter. You know, and this whole debacle go trending, it's like my goodness and take your crap and leave uh.

The first reply here is sherry and her first reply is, or the first reply here with the most likes that that auto populated is, i we be deleting. My account obviously will be here but uh. This is her account. Oh no, the whole 94 followers, no description account here is going to.

We be deleting her account. Uh mike replies. That's because you're, a cnn contributor, the only speech y'all are interested in is left leaning. Anything else should be suppressed or censored we get it by ouch.

Uh, this isn't not an airport. You don't have to announce your departure rip twitter. You will become the new myspace for mega. Let's just some of the comments were just absolutely insane uh.

This is probably one of my favorites instead of worrying about how this guy spends his money worry about how these guys are spending your money. We got nancy pelosi there and uh joe biden and the others kamala harris uh pete buda jag over there on the right. Yeah chuck schumer's over there next to pelosi anyway, okay, so uh. That gives you a little bit of the crazy crazy commentary that uh has been circulating on the socials about this nonsense uh.

Well, it's not so much of a nonsense of a deal. It's just about the nonsense about this sort of left, verse right thing: uh can't like cancel twitter was trending rip. Twitter was trending, lefties was trending, it's crazy, okay, so uh, let's uh. Let's take a brief.

Listen here to cnbc see if they have anything special to say and we'll see what else the suits are saying. I wonder: okay, they're literally saying nothing all right so anyway, then i'll keep talking. If canadian companies come through with profit spikes that analysts expect, then it could provide a much needed boost to beleaguered shares. Uh canada's stock market has taken a big hit since last week and with the earnings coming this week, there's a lot of excitement for whole.

A hopeful about face say the suits stocks go green as twitter and other social media giants climb. Cyclical sectors join attack in pre-earning, jitters dollar swings are seen as staying. Persistent and powerful oil tumbles on china demand shock saudi aramco, revised positive by fitch wow twitter, ceo to receive 42 million if terminated by musk. What what oh, my gosh you get fired and you get 42 million dollars, dude get out of town.

What that just came through the wires? No freaking way: uh twitter, ceo, set to receive 42 million if terminated after musk deal o m g, that's kind of like you know you could fail in corporate america and still get away with millions uh. That is insane. I'm trying to hold on i got i'm gon na throw that on twitter. That's crazy! Twitter, ceo, set to receive 42 million if terminated after musk deal goes to show that failure at the corporate executive level still pays quite well.

Wow wow. That is really insane. That's insane a golden parachutes: yeah no kidding no kidding ross called it and said prague was planning his retirement. The last night yeah, oh ross, funny he's gon na try to get himself fired.

Yeah no kidding. Do you think it's a coincidence that this happened right before twitter crap earnings on thursday? No, that's a really good point, and no, i don't think it's a coincidence. 49 somebody donated 49, hey kevin, buy one share of twitter on me. Damn it! Okay, even though, even though youtube has taken 30 of that, i will oblige i've got three minutes to do it we'll do it i'll put the market order in one share hold on uh all right.

There you go. Thank you. One share mark it boom. Thank you.

You're the first person who's ever bought me a share. I like it. Thank you very much. Uh, that's really cool.

Do you think dogecoin will be? No? No, i'm not gon na. Send the lord for that. But thank you. Do you think dogecoin will be affected by this in the long run? No uh? No, i i don't.

I don't really think so. I think there will be a lot of hopium for that uh in in the long run, but no uh. Who knows, maybe i mean you know uh, you never know. I mean elon's complained before and this would be.

The only hesitation i would have is elon's complained about uh the uh, the the expense of transactions uh, even on doge. So you know if they. If, if there's a way to figure that out, i'm not an ex a 100 doge expert here, but i i've seen his complaints on this, and so i wonder if if that could be solved, then i think so it was even just last week. He was talking about this uh.

You could look it up with the robin hood, ceo vlad. They were kind of going back and forth anyway, so uh, okay, uh, let's see what else here we have. We uh a minute left into the close here: the nasdaq. Let's go, i was getting screwed this morning.

I lost so much freaking money this morning and now i'm making it back uh qqq up 1.3. Let's go uh what what a way to end the day uh that uh, you know the day we bring back the lives. We we get the green after a lot of pain here, uh about half percent there on the spy. Look at that folks, the spy just getting ready to end the day over 23.6 on the fibonacci qqq's got another about nine points to go before it gets above that 23.6 again.

Hopefully we set off to a rally over this week because the fed's in a quiet period the fed, is shut up through may 4th thank freaking god, because it's been all month long that they've been yapping their traps, killing the markets. Good riddance uh tesla tried to go green right into the close here at about uh up about 0.65. I'm sorry down about .65 trying to go green here, doge up 22 on confirmation of this deal. That's incredible d! Whack down about 13 on news of this deal not a surprise, tattooed chef falling with dwack and let's get the belt okay.

This is really interesting. Look at this you've actually got some risk on trades starting to move again. I find this really interesting. Take a look at that snowflake and lemonade 7.3.

That's a little bit of a sign of a risk on trade. Again, that's really really incredible. You've got metamaterials, which is a complete momentum. Memer, that's up 6.4 percent and if you're offended by that you're you've got your head up your butt, because it's obvious uh whoa trade desk six percent on potentially that the uh, the advertising uh implications for social media.

Here very, very cool uh. Then you've got monday.com. Another one massively volatile, uh and uh up 5.7. That's incredible: twitter ending the day up 5.64, it's kind of where it's been all day and that's been closer to four percent, so it got a little one and a half percent boost there.

After we had the final confirmation, roku advertising plays four percent here. I wonder if google's moving on this and then we'll have to see if we got earnings today, google up three percent today, wow. Look if you need a place to park cash hashtag, not financial advice. Google's not horrible right now.

In fact, let me look at the valuation of google because we're under 2500 per share at google, and i really believe that as companies get like run into challenges selling their stuff before they experience deflation they're going to spend a lot more money on advertising. Google is a company that brings about 33 to the bottom freaking line. I mean this is a high high high margin. Business they've got eps projected of 125 rounding slightly for uh for 2022 2453 divided by i'll.

Do it exactly uh eps projected 120 485 that wow? Okay, that's trading for about 19.64 times earnings for a company. That's uh projected to be actually flat with growth for 2022. That's interesting, but then move back to about 17 to 15 percent growth, maybe maybe an average of about i'd, say: 15 growth, that's relatively close to a what one and a quarter peg! That's not bad uh! So yeah 19 19 times for google uh for goog about 1.25 peg, very interesting. Okay.

So that's pay. Uh, goog, okay, uh tesla, almost back over a thousand there in the after hours. It did end up going negative by about seven tenths of a percent today, but uh this this risk on move that we saw in the last few hours of the day over here. These figures right here, not just so much the doge, but i'm really looking at.

Look at that rocket are you kidding me rocket mortgage uh, lemonade, snowflake, moderna, uh microvision come on man upstart. These are trader stocks and momentum, stocks that are moving here. This is a sign uh that maybe no guarantees we. We could have the start of a little bit of a risk on phase here, which really doesn't surprise me, because i mean look at look at this trash uh.

You know you go to the day chart again on the qqq we have. We have almost completely retraced back to zero, not quite because things just ain't as bad as they were when we've done those three bounces, uh they're actually substantially better. We are way oversold in my opinion, uh but hey. You know your opinion and what actually happens? Don't necessarily have to align okay, we have whirlpool earnings on deck.

Uh whirlpool is a big deal for durables. We expect durable spending to go down uh. This has also potentially been priced in, though, for the market uh markets have been expecting that durable sales will rotate down as people spend less money on things like dishwashers, washing machines because they've already bought them. You know that demand has been pulled forward.

That's probably the biggest and most interesting set of earnings that we have today. In my opinion, i'm not too familiar with some of the other ones - packaging corporation, that one reports later in the day anyway, uh we're expecting whirlpool in about 30 seconds right now and worth noting that, on the twitter deal probably included, prob included this provision to convince Co2 sign off on deal encourage it to happen almost uh. It's uh. You know that 42 million to the ceo.

If he gets terminated, it almost feels a little bit like you know: corporate bribery right, uh kind of crazy, so all right earnings. Here we go uh whirlpool cuts outlet, uh whirlpool, wow, q1 eps beats 531 see those expectations were way lower. Uh, that's crazy. Expectations were 479 eps q1b, but they did cut their outlook.

Their fiscal year outlook. They were expecting. 1.3 came in at 1.25 to 1.5. That's actually uh and they were originally expecting 1.5, but that's in line with expectations.

The market already already priced that in supposedly here fiscal year, eps to be 24 to 26 dollars. They were originally expecting 27. The market was expecting 25.99. That is a miss by about a dollar on uh full year, eps so full year, eps being down by a dollar uh eps of 26 bucks.

I mean a dollar into 20 25. That's about a four percent miss on uh guide and adjusted. Eps came in at a five cent. Miss! Oh look at that four.

It's a four percent miss on the fiscal year, eps stocks down four point: two percent right now: that's it's too perfect! That is too freaking perfect! I i don't think it'll it'll last with that perfection like never does but uh. That's really interesting, uh, perfect, four percent decline on uh fiscal year eps and that's exactly what the stock's going down. Okay, now the stock, it's vacillating and after hours i just saw six percent. Now it's at five percent, whatever we'll see so uh that to me not a surprise, boosting the buyback authorization of two billion shares that could kind of soften some of the impact of this uh.

This is not a surprise and, if anything, it's it's actually not as bad as expected. So uh tbd how uh this uh, what we can learn from consumers from whirlpool in the earnings call when that comes out later no elon musk does not have to sell twitter to buy or sell tesla by twitter. He could take a loan against his shares. Think about having a large line of credit, okay, the only other thing would be brown and brown, but i am not super familiar with what they do.

Let me see what brown and brown does and because they're they just, i think, they're just reporting. Now brown brown uh security description. This is uh insurance and reinsurance products. Oh how interesting okay, so this would be a tell for like lemonade and uh hippo, some of the other losers.

That's sad! That's what it is, though. It's the way the cookie crumbles. Okay, let's go see the if they reported uh white house says, expects consul to expect consultations with social media platform to continue public health issues. Okay, whatever brown and balan has not released their earnings, yet they are expected.

Oh they're expected at the end of the hour that or at the beginning of the next hour, that's stupid all right, so we're not going to get those earnings. Fine, okay, so tomorrow is going to be the big day for more uh earnings reports. It's going to be a little bit. Let's see it's gon na be a little slow here.

Let me go. Look at t live see if we can get a little bit more from the suits uh hsbc tonight. Okay, that could be interesting. Ubs that'll be later as well a lot of these tonight, so that's not super fun, okay, fine and we could do an intel report to what else is going on.

Okay. So, oh, oh! We were just talking about this regarding google and what do we got here? Hmm a little bit of a research report that just came out on google. Let me see if i can pull it in the meantime. Uh we're only down about 2.6 right now, probably that buyback of couple bill is, is really kind of pumping this up a little bit, uh.

Okay. So what is this? I can't show this, but i can once it loads, let's see here: okay, listen to this projection! Here from today, youtube ads and premium subscription sales are growing at least two times faster than netflix and may benefit from its rivals, price hikes and churn in the near term. Despite stiffer competition in video streaming and headwinds from reopenings youtube's lead in video ads and traction with, creators could help it sustain higher top line growth than most peers. I believe that you know if, if uh uh a firm, i sold the firm, i'm sorry uh, but anyway uh.

I just see these comments here. So uh youtube is um. If youtube were a separate company, i would be so much more enthused about owning more google. Honestly, but it's not that's, you know, but youtube could end up being one of the most.

You know one of the largest parts within google, which is kind of crazy youtube's global viewer base of over 2 billion, is more than 3x, that of netflix amid user preference. For freemium and ad, based tier, where monetization is driven by time spent compared with an unlimited use subscription fee with high churn and netflix's users related to recent price increases. We believe youtube tv, shorts and premium subscriptions could get a boost uh due to more bundled content. On its platform, that's really interesting, uh speaking of uh, if you ever want to get like youtube a premium or something like that or really, if you ever want to spend money at all - and you want to build your credit while spending money.

But you don't want to get a credit card because you don't want to go into debt, make sure to check out extra, go to metkevin.com extra via the link down below, and you can sign up for the extra debit card which links to your existing financial accounts And essentially, when you spend money on this, they spot you the money over a business night, and that way they can report it to credit bureaus as being paid off debt uh, even though you didn't actually have a credit card, because you're just spending money that you Have uh so if that sounds like something that's interesting to you and you want to help build your credit, especially if you want to get into real estate before the real estate market potentially gives us. Some opportunities met kevin.com extra to learn more about the extra debit card, they're a sponsor for today, so thank you so much to them. Okay, so uh creator base saves upfront content costs. Oh, that's an interesting argument, so bloomberg here makes the argument that when you have a company like youtube, really it's creators who are driving the content rather than you having to spend money like netflix and business on these really high upfront costs, hiring actors and and scripting Content and basically trying to like make these yolo bets on shows that are either going to flop or do really well.

That is a really interesting argument. Yeah i i'm bullish on youtube. I will say: ad rates have come down uh this year, but i wouldn't be surprised if they pop back up, especially once we get more of that product style advertising that we're expecting uh later this year. Uh.

What's this here, oh, this is interesting. Somebody sent me a bbc article. I could pull this one up uh. This is quite interesting.

Okay, so there we go so these grocery stores cut prices as supermarkets fight for customers. This is interesting. This is in the united kingdom and uh grocery stores cutting prices. That's almost kind of unheard of now you did have consumer confidence fall in britain, which is something that we have the opposite of here in the united states right now.

Consumer confidence is actually rising. Uh quite interesting, but supermarkets have been losing customers to discounters such as aldi wow, that's interesting and so they're cutting prices to try to bring people back. That actually is a little bit of a red flag to like, let's say, amazon's, whole foods right. That is very interesting, uh all right.

So thank you to the person who sent that to me on twitter yeah. There are two ways you could send me stuff. One way is uh, don't dm me on instagram i'd like rarely check that, but you could dm me on twitter at realme kevin or you can. I don't know that one's just easier to use the twitter one, the instagram one lags all the time.

It's really annoying and or discord. You could join this score by going to medkevin.com chat, uh, there's a free section doesn't cost you anything, and you can tag me there at me kevin if you ever see an interesting article or anything uh. So super cool. Okay, let's see what else is this suits are saying: qualcomm, oh yeah qualcomm's coming up this week.

Not today, though, no decision yet on the rust shooting case files in new mexico per sheriff, okay, so uh after the market closed here, the suits wrote that stocks and treasuries gained money ahead of a busy week for earnings with equities rebounding from early losses. On concerns of renewed covet outbreaks in china that could potentially slow growth, the bank of canada said that while inflation is likely near peak, the central bank will continue uh to consider another 50 basis. Point increase uh in june to wrestle inflation down from a three decade. High, oh wow, all right, well, everybody's joining the 50 club.

I guess uh is doge moving because of twitter. Absolutely it is okay, yeah! Imagine if you could integrate a payment system via doge on twitter. It would be quite popular. It was done after all, on uh on the tesla website, so 10-2 sitting at 18.96, breakevens.

3.28 uh. You know good news, bad news here, break evens down, but a little bit more flattening of the yield curve. Generally, i don't want to see that see if there's anything else moving in the after hours and maybe scout ft or wsj. Oh expi is moving in the after hours a little bit here we got about a 7.21 move here on expi.

Let's see if there's anything going on here, expi is one of my long lost stocks and uh. Let's see here nope, there has been no news since they had 80 000 agents worldwide, uh which they reported on 420 and they hit a 52-week low of 1611. About a week ago, actually, a week ago today and now they're at another 52-week low, uh, 15-26, but then again they're up seven percent after hours. Here.

For some reason i don't know sometimes there's just such a small order book in the after hours that this is actually incorrect. Oftentimes on on the weebs arcimoto down to three dollars and 79 cents love the ceo over here. If you have not followed me on the other channels, yet uh we're gon na be now that the studio is fixed up. We're gon na be posting a lot more there to uh the channels meet tech meet crypto meet kevin report check those out.

You're welcome to follow those separately uh. You can go to my channel page and see those or just type, those into youtube and you'll see them, but i posted an arcamoda video if you haven't seen that yet on the meat tech channel about one of their latest products. So if that's a stock you're interested in, i would say that is a critical video to watch for a shareholder of arcomoto, otherwise market pretty stable. Here, let's see if there's uh anything we can glean here on like barons or the wall street journal.

Really. I think this laptop is logged out of everything which is quite annoying, but that's okay, yeah, it is okay. Let's see, will the fed's shock therapy kill the bull market? Ooh barons has been pretty hawkish on this. Coming don't count on china to bail out the global economy.

This time restaurant earnings are on the menu. Okay, let's see what they're saying i want to see what they're saying about the fed in baron's most recent big money poll survey, respondents cited the coming surge in interest rates and high inflation is the biggest risk for equities over the next six months. You know when i hear that i know i understand things are going to be volatile. I just want to keep buying like for me.

I i just want to own more quantity of my faves uh. You know goog tesla, whatever whatever i might even add, because there are a lot of a lot of discounted companies out there as well. Like i i mean i hate to say it, but maybe i don't hate to say it, but well, no, i hate to say it. Redfin is down to like march of 2022 lows.

It's absolutely insane. I mean it was 11.60 cents march. 20Th. 2020..

It's 13 right! Now, like, how crazy is that uh? Now you have to be careful, because a good chunk of their business is also in purchasing homes, and if the market slows down that could be an oopsie oopsy-doopsies fed chair j powell recently conceded a slow goat approach likely won't happen. Instead, they'll move a little more quickly up front right: frog, that's boiling in a boiling pot of water equities may soon start to sweat from the heat of further increases. Ooh, i don't know man. I think a lot of this, as is now now.

This sort of like more rapid approach, has gotten priced in over the last two days. Here and again i think it's really difficult for us to fall under zero percent on fibs, oh, but then again, i thought it would be difficult to fall under 23.6 and we broke through that over the last couple days. So we'll see redfin kevin buy it out by now, yeah that is a 1.46 billion dollar company. They got to stop doing flips.

They would be really smart to be a little bit more aggressive with their expansion of their real estate service because they, i think their service is actually not terrible but uh, and i don't think they market it as well as they could so, let's see here anyway. Okay good, so i think that roughly covers the news. Let's do one more look at the doomberg here: uh hahaha, so elon land's deal rumbling in options market is the sound of traders rushing to hedge trump's old megaphone beckons with twitter, a buzz over a comeback stocks. Rebound ahead of tech earnings, twitter locks down product changes after agreeing to musk bid, isn't that what elon outlined the product changes? Let's see here for now, twitter won't allow product updates unless they're business, critical, okay, so basically product changes will require approval from the vice president.

Twitter imposed the temporary ban to keep employees who may be miffed about the deal from going rogue. Oh that's funny so in other words, to try to relax and the panicking employees they're, like don't worry, don't worry we will. We will not allow any changes at all to the platform product changes are frozen, a temporary ban has been imposed to prevent employees from going quote. Rogue.

Oh my gosh uh, let's see here, obviously has tweeted his ideas for the platform, blah blah blah yeah. Okay, interesting very interesting yeah, so the deal went through. We've talked about that earlier. In the live i mean, you know at least it's accepted right.

It's like the deal still has to process, that's probably going to take six months or something to that degree it could. Oh, look: it's the permeable, the permabull folks. Remember the big february rally tom lee told us was going to come. That was a disaster supply chain covered in china.

It really came to a head and i think it put equity investors in a tough spot, because stocks aren't terribly expensive, but when the bond market is sort of screaming for fed to be a bit tighter, it's tough for stocks to hold up, and i think that's What we're kind of going through now, but you know i i don't think that means that we should be selling equities here either, but but doesn't that tell you that the full extent of what the fed is going to do isn't necessarily in the market, as others, Including you have argued uh yeah without question. I mean let the fed if the fed decides that we need to have 10 hikes this year. I don't think that's priced in, but right. I also don't think it's cast in stone um.

I i don't think 50 basis points in may, or even 50 in june, is really going to rattle markets. Further, i think, what's been concerning markets, is they just want to have some sense of when this could end, and i think if inflation doesn't reach some sort of apex? I think that's concerning for markets, but i i also don't think it's set in stone that inflation's going to continue to be a problem even in the second half. So i think it's still uh. Forgive me tom, i'm sorry, it's still.

It's still a white. Well, i think it's still one of these, where we have to kind of watch how markets react to incoming data, and even you know even this, the pc or later this week's can be important but uh. I think to me the most encouraging thing to look for, or signs of of encouragement is just to look at the bond market. If the bond market's settling down that's when equities can start to stabilize as well.

But what does it say to you, the you know the nature of the sell-off that we had into the close on friday that the dow today was down nearly 500 and that we staged the kind of reversal that we did. Is there a signal in there? Is there comfort that you can take to investors and suggest that that's the kind of activity i look for when i'm looking for a capitul capitulation move? How do you assess that yeah? I think it's, i think, we're at a moment where it's not a surprise that there's a buyer strike there's a lot of surveys out. I think the goldman positioning data is really instructive because institutional investors are essentially a zero percentile exposure to equities, and so you have a buyer strike. You might have margin calls uh, okay, i'm bored so uh.

Let me give some catalyst here so catalysts coming up. You might consider writing some of these down uh, okay, so tomorrow, 5 30 a.m, durable goods expecting one percent uh. Let's see uh fhfa housing price index uh tomorrow. 6 a.m expecting 1.5 growth year over year, 20 city 19.2.

That's insane new home sales expecting to come in at 765, 000 tomorrow at 7 a.m. Month over month, new home sales expected to come in down nine tenths of a percent. Wholesale inventory is expected to be up 1.5. On april 27th, gdp expected to come in quarter over quarter 1.1 percent on april 28th, 5 30 a.m.

That'll be a big morning. Manufacturing activity from the kansas city fed comes out at 8 a.m. On the 28th employment cost index expected to be 1.1 percent uh month. Over month, i'm sorry, no that's in the first quarter: oh gosh, okay, yeah, that's way better um april 29th, 5, 30 a.m.

Personal income and personal spending coming up. 5 30 a.m. On 4, 29 pce 429, coming in at 5, 30, that's uh personnel, consumption expenditures. That's the fed's preferred measure of inflation and i think we get the final read here of inflation expectations on 4, 29, 7 a.m, from the university of michigan, along with sentiment and expectations, and then we get ism figures 5-2 and then, of course, we go into the Larger catalyst like employment data next friday, uh fomc, the cpi, russia's victory day, those are going to be some big ol, big old updates coming kevin.

I spend more time with you here than with my girlfriend, and now she left me. She will regret that when tesla hits 5k um, i'm sorry uh, but let's go to 5k together um geez. I don't know what to say: uh, okay! Well, i think that about does it. I think we covered the news, so there you have it make sure to check out extra by going to mckevin.com thanks.

So much for being here leave a comment if you enjoyed it and uh same thing. I said this morning if you're a hater and a loser, don't understand why you're taking all the info and you're here goodbye.