With a potential default looming, the House took up a measure that would clear the way for a vote on suspending the nation’s borrowing ceiling for two years.
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Test Test One two or two. No more time remaining so votes should be in. Looks like Market is dropping. Let's see what we got going on here.
All right. Testing Testing: Previous support range right around 347.56 As you guys can see here, all votes are in 84. Say no 85 Say no 93 Saying Yes 76 Nay on the Democrats Wow. This thing has to pass right? There's no way they don't let it pass.
What's up? What's up guys? Sorry for the random live stream I Just thought that this would be important enough to maybe go live with. Uh, let me know in the comment section. let me know in the live chat if it's all right with you guys, but thought that this would be pretty interesting. There it goes.
a hundred. Yes! look at that breaking below previous support range. Here we go: QQQ Test and Support Market closes in three minutes. Can you guys hear me? Okay, all right, we got two minutes left.
Let's see where we're at: 108 Yes 100 101 No Nay 102 Nay 108 Yay Isn't it funny? Yay nay, there goes 109 Yay 103 Nay I Want to see if one Democrat vote Yay on this Wow! Now one that has been counted so far am I Am I Reading this incorrectly, imagine if they do not pass it. 105 Yay! All right. here's our total: 216 215. the total number is 456 right? Wow.
Huge red candle here. Right before the close. We got 40 seconds left until the market closes. Big red candle.
Look at that. We got 26 seconds left until the market closes. Wow. Wow.
Wow. 17 seconds, 16 seconds left. Are we gonna sell off right before the close? Look at that. Nine seconds.
There it goes. A lot of selling All right. Here it goes. We're into the close.
Let's see how the market reacts. We have. Oh my goodness. One at 119 117.
look at this. This is what we're looking at. Yay! 119 May 117 Total votes in 197 196 So far there goes 121. Yay 119 Nay.
this is you guys. Let me know in the comment section. Is this not so much closer than what you thought? This is ridiculous. I I Did not think that it was going to get this close.
Look at that. 120 121 Nay's about to take over again. These are just votes counted so far. Oh my goodness.
There's no way there is no way they don't Pat, look nay. just took over. Let's see what happens here. They do this on purpose.
They do right. It's kind of like the presidential election. What's we have to be aiming towards a specific number? Don't we? We have to? All right, 128 128 This should not be passed. I I Get it that there's there's people that don't want this to pass.
But do you understand that the consequence can be possibly the U.S Defaulting No. Is that not? So would it not be 456, right? So 456 total votes divided by two? So that's 228. So what's the magic number? Is it like 229? That's how you win. It's 238 218.
All right, getting two different numbers from you guys 238 and 218 is majority I Just read an article that says we believe but we need 100 Dems Democrats right to vote on this to pass it. we're at 142 137 Guys, this is coming down to the wire. if it defaults, I'll short baby making money no matter the direction I Like that Javier Super happy to hear. All right there goes 146 to 145. Okay, so this 435 total members too many Nays for Republicans it's not going to pass. That's what. I saw someone saying that Republicans need to be all on board, almost all on board and 131 Nays Not one am I Reading this correctly, Not one Democrat has agreed to this. Look at all these guys.
It's like they're voting for DraftKings or MGM Grand Right, They're like, oh, shoot, how's our, how's our back coming? Look at these two. look it up. Oh is it me that just thinks this is funny? Like how casual they're being. Is this not super important? Maybe they'll just extend the deadline? 155 Nay 153.
Yeah. Wait, this this isn't Yeah, we have a hundred and what is that? 174 people, Us 174 Republicans that I've voted so far right? Wow, No bueno. No bueno. So it's not important.
Seriously. Janet Yellen was lying. How is it not important if the US defaults? Well, that's that's my question to you. Lenovo 44 Novo 76.
120. how do you not? Okay, wait, rookie. if it does not pass, how much will the market decline in your opinion? I Have never experienced anything like this I couldn't even tell you right? Market's been factoring in for the past two and a half weeks a rally because they came to an agreement right that they were getting close to a potential agreement. So now this not passing I have no reason to sugarcoat it for you.
I have no idea on how the Market's going to react right now. It looks like we're testing our support here on NASDAQ support right around. What is that? 347 50 347.60 for QQQ We'll see if it continues to sell off. Our previous support is right around 346.50 Insane! Ricky Do they have time to make another deal before the deadline? based off of the sound of what Biden was saying and McCarthy it didn't sound like there was much time left, right? Because you have to think this happened over the weekend, right? and now it's Wednesday and now they're voting on it.
How many days has it been right? It was during Saturday They announced it on Sunday or finalize it on Sunday. So that's one day after I Mean there's three to four days. so if this doesn't pass, tomorrow's June 1st right? Janet Yellen said that they have funds until June 5th. It's what she said, right? Wow, Wow wow.
And again, if it's not too much to ask guys I Would really appreciate. For those that are tuning on in right now, if you guys can drop a thumbs up, make sure that you guys subscribe to the channel, especially if you want to partake in that live chat. It's only people that are subscribed to the YouTube channel, which of course is free for you to be able to partake and have a conversation among one another in the live chat. So all right. the polls. Ricky Show us the polls. My bad. My bad.
here we go. Where are we at right now? Okay, thank you guys I Appreciate it. Um, so right now they are voting. It's not that they're waiting on a decision, it's that the number of votes.
It's kind of like, um, people are saying that 3 18 is the uh, magical number I'm sorry. 218. So 218 votes are set to be needed for this bill to pass. Right now, there's 171.
Yay 179. May Who's gonna hit 218? First, the 401K is about to be destroyed. That's almost the least of our worries. Treasury bonds drop.
I Mean, at that point, that's going to just show how unaligned the US is. right? They're getting paid overtime to stand around. Don't worry. Dustin it's people like you and I that pay for them, right? Isn't that beautiful? The part that's wild to me is time remaining like all the votes are in.
How is it that they don't vote electronically? Is it just me that is kind of surprised by that? It's 2023. Very easy to. just kind of like when we were like when I was I don't know about you guys in elementary school and you vote right? You have your little thing when there's stuff on the Whiteboard and you can vote, it's wild. Wild.
Time to be alive. Yep, all Democrats are nay as of right now 157 not one yay and I think it was to be said that they needed the support of Democrats I'm actually very surprised that it's it's that against? Um, yeah. I mean this is just wild to me and 25 Republicans Have said nay. That doesn't really surprise me.
Oh, we got the best Trader in the world. Do you guys know who that is? Let me know in the live chat. The best day trader in the world. Here we go.
look at that. I Think this is her husband, right? Look at that. There She Goes she's back here MP There She Goes She's like don't worry I Just bought 10 000 shares of housekeep EQ Going to the Moon boys. Don't worry, don't worry, we're going to the Moon There we go.
All right. It looks like Market is factoring in this thing not passing because NASDAQ is selling off right now. Look at that. Holy Smokes! Remember it's 218, right? 218.
we're gonna play. where's Waldo with Nancy Pelosi 190 nay. Look at this guy. He's like dude, what am I doing here I should have voted I should have covered my long positions Nancy was right I should have gone short.
how are we looking? All right, we're at 192 guys. The Gap is insane. Obviously the votes are not sequential in the way that they're added. Uh, you know being counted, they're just at random.
But we're at 193. Nate Does this? Is it just me? that's that's surprised? Oh look Mr McCarthy look he's like holy, I'm gonna oh shoot, excuse my language, it's gonna be like Holy Smokes! I'm gonna go back to the drawing board with this. Look at that. he's like dang it here goes picking back up 180.
Wow let's see where we at: 181. Yay 194 nay Wild 195 184 All right here we go: 195 184, 185, 195. here it goes: 196. How we looking? 197 198 Nay. Look at that 198 nay 185 Yay! Oh boy, what happened if it doesn't go through? Oh shoot back to the drawing board right? That's my understanding. Yeah this is this is my first time experiencing something like this. So for those that are asking me rookie, what happens if they don't pass and the U.S potentially defaults? Ah I Don't know but I'm gonna be right there with you guys experiencing it for the first time. I Could you guys could hold my hand I'll hold yours.
You ready for it. That's why you guys need to drop a thumbs up and subscribe to the channel. We're gonna hold our hands through this. Envy equals no vote.
That is correct. All right, we're at 198 May 186 Yay! All righty, we're at 186. Yay 198 Nay 199. And there it goes.
It looks like we have 50 more votes to go, right? 50 more votes? You guys ready for history Guys Again, All there's about 2 000 of you guys here. There's no reason you guys shouldn't be active getting ready. Oh man oh man oh man. maybe it's just me that's freaking out.
Again, make sure you guys drop a thumbs up. Subscribe To The channel. This is gonna be a wild ride. They can't agree on anything.
Here it goes: 186 Yay 199 Who's gonna be the first to cross 200. you're gonna be the Nays Not one Democrat Look not one. Democrat Voted Yay Not one 171 Nay Oh foreign 187 199 49 Votes To go Here we go. Nancy Pelosi Look at that.
She's like all of this. It's my show. It's my show. All of this.
my show. Look at that. All right. All right.
Nasdaq's still testing Lowe's here? Correct. This is what they were voting on on agreeing to the resolution: Democrats 14a 15 Yay! Look at those starting to add up 203. That was a big jump up 203 202. 206, 207, 209 202 It's looking better.
210 versus 201 1. here goes: 214 214. 199 Did we just go down here? 215 May Votes going down here goes 217. I think it's 218.
Right there it goes. 218. All right. 219 Foreign watching Weeble on their phones.
That's too good. Where's our girl? Nancy Pelosi All right, 225. All right. 11 votes left.
They purposely did that for suspense. They had to look at that. Market is already doing better. 228 See looking fire.
You guys are wild Nancy's going over her trade plan with her husband. All right. Nine votes. How do the votes change? I Couldn't tell you I don't know if they have the option to change them or if they were miscounted, but look at that.
It's two kids right here. correct? Yeah, this is not the actual vote for the debt deal. This is the vote that rules the debate. Rules for the debates on the debt deal that will take place later this evening.
I Think it's at 8 30 right at 8 30 P.m Eastern Time Am I Mistaken. Hide those kids from Uncle Joe Wow, there it goes. How's this number? Keep going down? So you guys see that we're at 200 at one point. 8 30 P.m Eastern Time Yeah, from 202 to 187? There it goes. Still dropping. We're at 187 right now for nay, but they're converting to Yays! Seven votes left. Uh, surprisingly, Market is still dropping All right. So we wait on this boat.
The Yeas are 241, The Nas are 187. The resolution is adopted. There you go without objection. The motion reconsiders laid upon the table pursuant to Clause 8 and Room 20.
The unfinished business is the vote on the motion from the gentleman from California Mr Isis to suspend the rules and agree to HR HRS 382 on which the as amended on which the Yeas and Nays are ordered, the clerk will report the title House Resolution 382 resolution condemning the rise of anti-Semitism and calling on elected officials to identify and educate others on the contributions of the Jewish American community. The question is will I suspend the rules and agree to H Rez 382 as amended. members will record their votes by electronic device. This is a five-minute vote, a minute vote.
All right? there it goes. So this is another, Um, another vote that they're working on right now. So on motion to suspend the rules and agree as Amendment Okay. So I'll let you guys decide.
Do you guys want me to leave this live running without me here or on the main one? Um, right around 8, 30 A.m Eastern Time Is that something that you guys would like me to live stream instead? You guys let me know. Leave it running. Keep it running. Okay, all right.
I'll leave. It sounds like a plan. I will leave this here for you guys. Uh.
One thing that I do want to remind you is again, for those that are tuning on in. Um, I Know some of you guys might be a little bit newer. you guys don't have to. but again, I just want to remind you because there's four days left.
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Make sure that you guys subscribe, feel free to have a conversation with one another in the live chat unless it gets too rowdy. I'll leave it running. So all right, take care guys. Ah oh that is hilarious.
It looks like they discontinued the Stream All right guys. I Do apologize for that. Looks like they cut off that stream Here we go. All right. Give me one quick second, let me see if I can pull it up for you guys. All right, All right, All right. I have it here for you guys. Foreign, foreign, foreign foreign foreign.
Difficult to change their mood on this vote. The yeas are 429, the Nays are zero with 429 recorded as president with zero recorded as president. two-thirds being in the firmative. The rules are suspended and the resolution is agreed to and without objection to motion reconsiders laid upon the table.
For what purpose does the gentleman from Florida seek recognition? Thank you? Mr Speaker I Hereby remove my name is co-sponsor of Hr25 request is granted pursuant to Clause 12 of Rule One, the chair declares the house in recess subject to the call of the chair. Okay, foreign, all righty guys. it looks like they went into recess. So what that means is again, uh, they expect to actually vote on whether to pass the agreement between Um or that.
Biden and um, McCarthy came up with at 8 30 p.m Eastern time, which should be in about what is that? like three hours and 45 minutes from now. So something that we'll definitely have to follow up with. Um, make sure that you guys subscribe to the channel. that's all I could really ask you for and turn on your post notifications.
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I love it. Thanks. I want it not to pass. If it does not pass Biden will have to use the 14th amendment. Good for the Democrats! No we will not default. We have other options. Believe me. We will not default.
no independents in the house?
Profiteers. Politicians voting while stocks are running… they are making money off of us.
My vote is no on Biden hog wash bill
My vote is no on Biden hog wash bill
NAY SAY I 😂😂
We have the money in the savings account, we transfer it to the checking account. Like real budgets! We need caps on spending and a real budget. Which is less than our take home. It's pretty simple.
Democrats want a default, they ignored it for 93 days and not one ya for Dems. They are about destroying us. It's only default on paper!
If there is no cap on spending. I'm against it!
We'll need a list to see what these people voted.
Everyone all ready knew the outcome!! Why even do it!!
Unanimously yea? Wtf
This is a procedural vote not the debt ceiling.
Ricky will use any excuse to make a video…..
It better pass
What your screen shows is not what you are saying.
You know for a RICH 🤑 country AMERICAN people are willing to help the RICH 🤑 out all-day, but say poor people it's there fault GOD come and it's all about the poor then ( that could have changed
There is enough money coming in to pay the debt interest
Anyone who voted No, Democrat and Republicans has got to go.
Playing games is not cool with peoples lives.
Remember, come time to vote.
Yes, I can hear.
See the wolves eat the paws of their pups.
They should have brought the BBQ left overs.
So we had 62 backstabb8ng Republicans Vote yea on this
bill what a disgrace . Mc Carthy
is another Mike Pence absolutely
no back bone .
This does not look good for us. we have no time to redue to bill. We will be defaulting. 😢
Why are these politicians sitting giggling and fucking laughing. They don't have a care in the world.
So just the procedural vote is enough to tank the stock market. Bastards need some phone calls people. Call your representatives now.
Should just call the republicans bluff and let everything crash
Go Ricky go
Any debt that has been passed by legislation will always be paid. The bond market however will be obliterated