Trillions of dollars worth of the private sector, jumping in knowing they've, got to play and they're going to play an incredibly positive part in dealing with these problems. It's real, it's genuine and so uh. I i just think that uh um, you know that old bad expression, the proof of the pudding's in the eating uh. You know i, i feel confident we're gon na get done.

We have to do at home in order to deliver. And lastly, you know: if you take a look at what what economy is growing, the united states is growing. It's the united states, mainly because of covenant supply chain, but it's growing. We've created over 6 million jobs.

All right, folks, covet and supply chain are why we are growing. So let's talk about growing in the stock market, uh, let's jump on over and see what the heck is going on. Now that we know it's covid and supply chain that we have to. Thank so uh avis.

The car rental agency is up a little over double zillow group down about 10 right now. This is a it's been a solid trend here of of dropping quite a bit here now uh, i mean we've been look at this. This bleed out of really the eye buyer craze here, just a perfect, almost trend line down. I almost broke out here along with the rally, but this latest pause and home buying really kind of skewed that dq wow.

I wonder what happened to dq, i'm not in dq, but it's a chinese uh solar manufacturer. I do wonder what happened to them as to why they are plummeting. Now solar panels are kind of famous for being low margin worth noting. This is why end phase the inverter business is very important.

Can't have solar panels without inverters. So why not get in the high margin, business and forego the low margin business, but do wonder what uh? Why why dq would be down so much so we'll go ahead and find out in the meantime see what other uh stocks are moving here, so uh you've got dq zillow voozi down, but remember voozi had that 13 day yesterday, which was pretty uh. I'm sorry 30 day yesterday, which was pretty wild charge point up: 5.87 percent owlette, i'm sorry down uh down 5.87 percent. I wonder if chargepoint's going down on a little bit of the news of uh, rivian and potentially rivien doing their own uh sorts of uh charging and charging infrastructure.

In fact, uh i've got a rivien video coming up. I want to provide a little bit more color on their charging. I don't know the answer to that. So, let's see so we'll find out a little bit more about this exp down five percent here, canadian, solar, solar, the solar sector, just in general, seems to be down here.

Canadian solar is down 4.8 percent yeah, lucid group down 3.9 sun power. Another solar play here down. I wonder what happened, why would dq be down 10 and everything else like this and solar selling off a little bit so we'll try to get to the bottom of that to see? Is there a potential by the dip opportunity or is there a larger shift we're missing here? Let's see: uh okay, rising poly silicon prices, further boost dq's profits, dq's price target raised to 79 at roth capital. It was yesterday price target raised, hmm upgrades resume training.

Earnings call was on the 28th uh, they reported 3.98 cents in eps that beat consensus of uh this. They had revenue, uh 585.8 million dollars versus 541.5 expected, but they did well uh. They did really well for. In terms of dq yeah, i'm sorry dq always screws up your blizzard.

Ah dq yeah get a little dary clean anyway, uh pinterest dropping another three percent here: trade desk down two seven seven win resorts 281 seems like recoveries, can't catch a break tesla's sitting at 11.82. Only about down 2 percent honestly, not much of a giveback, had a lot of really solid by the dip pressure. When when this was dipping earlier in the day oops, i thought we were going to be in tesla here, but we're not yeah there. We go we're inside tesla now so yeah solid by the dip pressure right.

Here i mean we. We went from oversold to overbought like instantaneously. It was pretty incredible, but uh yeah tesla's rallying into the clothes. Oh, my gosh, all right, uh sofi, is down about half percent looks like mostly flat gosh.

What if, by the dip opportunity there was in the morning, although not like things, are like seriously on sale right now, here's end phase: oh my weeble purchase shows up uh anyway. Here's end phase at 2, 37 dropped to 228 today sitting at 237. Now that's still pretty impressive and uh. By the way, joe biden has also mentioned that uh he is looking into dominations for the federal reserve, which is interesting because obviously jerome powell wants to be renominated.

Let's see if there's anything else being said here hold on and uh i i don't find. I didn't. Have a single member of the this conference come up to me and say: are you going to pass what you have and what do you think is how's that going to affect it? What are you going to do? What they're looking at is what in fact has happened in terms of everything from dealing with deforestation, to what we're going to do on buildback better and how we okay yeah. So i mean just the headline there.

That biden appears confident, but then again, pelosi and biden have been saying that they're confident on their deal happening forever here and uh. So far it's uh, it's been uh. It's been a long time coming for that infrastructure vote, but anyway, uh stock market doesn't seem to mind that it's taking a while for them to get that bill done, especially with all the new taxes in there. Okay, what's running here so obviously, oh wow open door down 13 ouch fun where up 32.

All of a sudden. What happened here? Look at this you all of a sudden, had an explosion in this one. This had to be a news event. This was about an hour ago, 15 minutes ago.

Sorry p-h-u-n fun, where individual company news fun. Where sets third quarter. Third quarter earnings call for the 11th at 5 p.m. No, no news, no news, except on the 29th, they started accepting bitcoin payments, all right! Well, uh.

This probably is just pure volume. Look at that. You went from 11 000 shares of volume to 400 000 shares uh. So if somebody came in with 390 000 shares to buy 390k at five bucks, i mean you're talking about a couple mil.

You know coming in and then that really setting off probably other purchases. Here i mean volume went up to a million. Two million volume really exploded here. Three million at one point for one minute: wow volume, explosion, pure momentum, i'd say, is pretty much right.

Uh all right - let's see here - uh, oh, maybe because bitcoin was accepted a few days ago now, bitcoin's moving up. So it's happy again good toast up twelve point: seven: three percent wow back to uh ipo highs here, huh, look at this yeah pretty much see. Ipo is sitting at 65.99 and now it's at 64, 40, 41, 42 wow marathon, digital up 12.2 crypto's having a good day voyager digital up. Nine percent got a big position in voyager.

I did trim a little bit because i went to zero margin, but which is fine with me, because i'd rather have zero margin and be ready for the big big big dips. But i've got a good position in voyageur. Simon property group is 5.88 after earnings. Good job, honest company, 4.4 amc 3.69, still got my amc, backed holdings, three percent shift technology, wow two point: six: six percent wayfarer, two, a firm one point: six four seems like things are rallying into the close folks.

Let me see this here. Yeah i mean. There's definitely optimism going into the clothes here: let's look at the spy s p 500 flat, but it is about v web. I mean well then again, yeah, look at that bounce! Look at the bounces! We've had off uh the v web boom boom uh and then almost trying to touch it over here.

Okay, fine uh, okay, a couple percent over here, one percent, two percent, three percent, whatever it's all smaller numbers over here, go to the losers again: yeah dq, expi, redfin's down four point: eight percent zillow peloton matterport only down 3.46. It was down like seven percent this morning. It had run like crazy on the metaverse news, which is good great, all right. So what else uh? Let's go pull to biden here for a moment.

Let's see, if he's saying anything else, american pricing in the price of carbon, it matters, so things are changing. We just have have the right stewardship and enough sense as world leaders to get it right. So, thank you all so very much appreciate it. A very widespread discussion, right now from the president in scotland, first discussing some of the new rules that he plans to put in place regarding climate change and regarding emissions, specifically as they pertain to methane gas, but perhaps for our business news audience some very big headlines Here number one, the president did not specifically say that he would support jay powell for re-nomination as head of the federal reserve.

That was one thing he talked about, and he said that he just simply wasn't going to uh talk about it ahead of the decision which he said he would make fairly quickly. I also want to just quickly mention a couple of other things. He said that joe manchin, the senator the centrist democratic senator from west virginia quote, will vote for bill back better his plan, the president's plan uh the president, said he understood that joe manchin was looking for precise detail and that's why he's holding it up, or at Least taking his time, but quote, i think we will get this done and he's pitched basically that build back better is something that will bring down inflation and make good paying jobs. Let us get to edward lawrence who's been right there following the president.

Every move. That's interesting uh i saw that headline come through that he was planning on making a nomination announcement soon. I really don't think he's going to pick somebody else. It would send shockwaves into the market.

In my opinion, i don't think the market wants to see a break from jay pal uh yeah. I don't know about that. Uh because i mean, if you get somebody see here's the thing. Jerome powell is a republican and he's he's dovish right.

He expects inflation to to uh, be transitory uh, even though it's taking longer and if you get somebody else, the market's gon na wonder okay, are we gon na get somebody who's more of a hawk who's, gon na say: that's it uh. You know cut sooner and and raise rates sooner or you're going to get somebody who's even more dovish who's like we need to help the lower classes and we need to print more money because there's no inflation, inflation's transit, like you, could have a more extreme version Of that transitory uh, you know so you're, not necessarily going to get the opposite of jerome. You could get some a worse extreme of jerome. I don't think joe biden needs that right now, especially since my guess oh come on, there's no way, there's no way he's going to pick someone other than jerome powell before his bills get signed, and he says he's going to pick somebody soon because if he picked Somebody else you're going to have people like joe manchin go yeah i'ma sit out voting on this bill until i see uh who actually ends up being the chairperson, the fed, because they might be the only person who could rescue us if you screw up.

I think it would be very, very dumb for joe biden to pick somebody else other than jerome powell uh, but i will be releasing a special jerome powell, halloween video today and uh you'll, get to see what jerome powell is doing or was doing to uh make Sure he gets renominated so stay tuned for that video all right. Let's get back to el stico's toast 14, the crypto companies moving nicely look at that big digital assets. Up to 1.32, very nice ethereum at all-time highs 45-13 uh. I did trim a little bit of crypto as well just to pay off my margin and again happy to say pretty much at zero, plus or minus.

I think like i just need to do the math, but it should be at zero with all the transactions. I did this morning uh wayfair, a couple percent: corsair affirm: 168 no noise, neo apple, tattooed, chef, okay, yeah neo's got some work to do, but maybe they're having the slow and casual the slow and steady catch up. That's it and otherwise still paying over here. The real estate sector, i think exp, is being potentially unfairly dragged down with open door and zillow they're, a great company and uh.

Let's see here we're off all-time highs, see look at this channel that we're in yeah i went it went insane after they did their stocks, but yeah trend is kind of contin. I mean it's not something that i would go shopping for right now, but i'm definitely going to watch that not not in a rally. Do i want to go shopping usually have to be. It have to be like something brand new that hasn't really moved in the market.

Yet uh, but ipos are very dangerous too, and just look at like uh robin hood. You went from like 32 to 70 and then back to where it is now. 3470 really seems to be stuck here by the way anyway. Uh facebook mostly continued its downtrend here uh, although the last few days, it's been a little positive disney stuck at 169, just can't get off 169 apparently really likes that 69 spot gamestop of 3.7.

Although i went to go visit them yesterday and the store that i used to go to is closed, it's already a totally different store. I'm like wow. It vanished without me, even being able to see the goodbye or say goodbye, whatever er, a firm, i'm actually surprised, because the firm was down this morning. Yeah.

Look at this a firm rallying into the clothes folks holy moly, that's just nuts crazy market. You know i saw these comments yesterday from these. I think either people who don't watch the channel much or they they're ignorant and aren't paying attention. They're, like oh kevin, said he still kevin, sounds like a trader more than a long run investor like really of the 24 million dollars in real estate.

I own i've. Only in my life ever sold 900 000 of it uh of the uh 80 or of the money that i have in stocks uh. I really only trade like the last, like 10 15 of it. The rest is all buy and hold.

I think people just get confused because they disproportionately associate uh trading uh, a portion of your portfolio with trading all of your portfolio, which is totally wrong. Like don't trade, all your portfolio, it's crazy, um, whatever whatever uh and face, is the new affirm. Oh man, how's lemonade, doing look at that. Lemonade started moving again, wow very, very cool uh wow.

Okay, well, like insure tech, had to catch up at some point right and uh like that's. This is what happens when you have a stock market. That's rallying all sectors. Eventually, move up that doesn't mean they're, good or bad so, and that makes me reluctant to sell things uh unless i'm getting out of margin, because if i can take profit and get out of margin, fine i'll pay the tax.

I don't want to be in margin that way i could start preparing. Now i could save money if i make money doing the wheel uh, you know options uh strategy on on tesla that i'm doing or matterport or whatever great that's just gon na be extra cash. That i then have available when it comes time to uh to go shopping again, which there will always be another time to go shopping. You got ta ask like.

Sometimes i feel like. We think that uh, oh darn it we're in the rally there's never gon na. Be a dip again, you know we missed out man. Just look at look at 2020, how it was uh 2021.

Rather, here, let's, let's remove the last part here of 2021 for tesla and just look at tesla for a moment, high drawings here, and you know what let me get rid of another indicator here, because it's honestly, it's just been in the way where's. My indicators, indicators edit there we go. Oh that's so much better. Now you got more room here.

We go there. You think you're gon na miss out. Look folks. I understand.

There's a trend up, but there's always gon na, be this crap. There's always gon na. Be another dip like this does not go on forever. It felt like it was gon na go on forever and then it crashed.

You know, tesla does this over and over and over again, so you just have to be prepared uh. You know i mean look here. Obviously it crashes here, but you could have bought here and you'd still be better off, had you bought at the peak here than than at the trough here right i mean that's just the benefit, i suppose of tesla. You just have to keep zooming again, but uh.

Is this always going to be another down, especially something like tesla, so don't feel so bad see? We get these sharp downs, all the time they're beautiful so we'll see. Who knows? Maybe we can move back to the 200-day moving average at some point. You know 800 850, who knows anyway, don't get discouraged. So what else wow i'm shocked, uh a toast, it's rallying into the clothes folks.

I just had a little bit of a sell-off there. Look at that right at the peak somebody started: selling off smart wow, all-time high profit, voyager digital, eight percent, seven property group, six point: two: five percent yeah people keep asking me if i would have sold. If i didn't have margin i'll. Just reiterate.

The answer is no. If i had no margin, i wouldn't have sold like right now. I don't have any margin, i'm not looking at selling anything that i have uh. What jp morgan will no longer let prime brokerage clients buy u.s cannabis related stocks from november 8th on? Why? Oh, that's not good! I mean i don't i don't understand what the difference is.

I think a prime broker is something like for institutions. I'm not very well versed in that, but that doesn't sound really good for cannabis. In my opinion, uh. What are what are some cannabis stocks? There's uh thcx is uh.

The index is one of the etfs. I don't see any particular movement gosh low volume on this thing, my goodness, so i don't. I don't know if there's any movement on that yet, but jp morgan cites u.s anti-money laundering compliance framework for a reason: new cannabis stocks policy in letter, wow yeah. Let's look at planet well, this takes 15 minutes.

This is on a 15 minute delay. So uh, that's not going to help us we're not going to see a reaction here on this one for 15 minutes all right. Whatever five minutes to the close, we got fun falling into the close uh only up 18, now uh it did have a little euphoric run. There.

Crypto company is doing very, very well today, good for the crypto companies, bitcoin and ethereum up four percent ethereum ultimize lemonade rallying a little bit into the close three point: eight one percent finally and sure tech coming back a little bit. My goodness, that's been like that and pinterest that's been lagging uh. A firm 1.75 percent, also kind of having a little bit of rally into the close here. Uh tattooed chef up one and a third donkey signed one in the third 1.4 backed one and a half.

I couldn't find any opportunities anymore: it's tough hippo, uh 0.7 ish to the upside, not as much as oh wow. Even robinhood just went positive. Look at that folks, that's kathy right! There! Folks! I guarantee you: okay, i'm not gon na guarantee you because i'm not gon na pay, you anything. I guarantee asterisk you that is kathy wood right here, kathy's fun, buying the dip on the robin hoods, wouldn't surprise me open door getting smoked into the clothes more people.

Bailing out an open door into the clothes zilla uh woozy wuzzy must losing mostly stable into the clothes here zillow stable in the toilet into the clothes here, dq down nine and a bit we'll cover some news. In a moment. I think expi is just getting unfairly dragged along with this loose it four percent of the downside, as the traders exit matapor rising nice rise going into the close here. Tesla, that's a fall into the clothes yeah.

Look at that! That's a fall into the clothes right here. Huh ha ha rivian october delivery. I don't what did they? What could they possibly have delivered in october? Caribbean river? Let's see ralph lauren shares under pressure all right, so ribbian. I don't see october delivery figures yeah.

I don't see that no, not yet all right. Well, folks, we do have earnings coming up earnings coming up in about two and a half minutes. The first thing we're going to look at is apps. Oh zillow reports today.

Oh my that's going to be fun! Oh, that would be an earnings call. I would want to listen to i'm not going to, but i'm just saying that would be interesting. I want to listen to i'm going to read it later. I will read it because that that's going to be a must read.

That's going to be fun, oh, i want to see what their excuses, how incompetent their management was watch. My video but that'll be an interesting one, and this bulk sale is not gon na i mean that's gon na, be what i think. Everybody, oh solar edge, everybody's gon na be looking at this bulk sale of homes and for how many pennies they're getting on the dollar. On that one, oh caesar, entertainment today, oh today's gon na be fun.

We got a lot of earnings ooh, i'm getting excited ooh! Mondelez could be good for tracking inflation, mondelez, we'll write them down as well any of these manufacturers, especially if consumer discretionary stuff like well, i mean, i don't think candy or uh stuff would be considered a well. What all do they make? I don't know it's not a company or industry i invest in, but uh. Would you consider it a staple er, milka, tob, toblerone, oreos, hulls, candy, trident gums, tang powdered beverages, dang, i didn't know they made oreos. I thought oreo made oreos, i'm just kidding uh, but that's interesting, mondelez, okay, so yeah anyway, uh yeah.

I mean you probably call that a staple anyway that it's gon na be one to track for inflation. Okay, so we have apps for digital turbine. I don't know what the heck they do is. Are they like an ad platform or something like that? I don't know what they are activation blizzard zillow group.

Did we get t-mobile? Do we care about t-mobile? We got a lot uh t. Oh, we got the bell. That's what we got next all right: let's listen up first record since back in march, joining the party first record close on the russell since march wow, that's crazy! Look at that dow jones industrial uh, 0.39 percent s, p, uh, 0.37, nasdaq up 0.34! Russell up point! One six percent full green, full green. Despite uh, some madness there look at uh.

Let's look at some of the uh closing positions here: tesla down three point: one percent on the day, not as bad as the punishment as it could have been honestly toast up. 14.38. Impressive uh, i'm not sure if that's on momentum or what i mean, i guess i'll look really quick, but uh wow. That's crazy and look let's see here, toast nope, no news! Okay, we got lots of earnings coming up.

T-Mobile activision blizzard, oh t-mobile, just came out. Wow, it came out early eps coming in at 55 cents. Oh, oh, they pulled it. They retracted it.

They posted it too fast. So they took it back. How could you take it back? Well, whatever i saw eps of 55. Oh there it is e.

It came back eps, 55 cents net of 691 revenue, 19.62 uh revenue, misses estimates, prepaid phone revenue coming in uh per user coming at 48 versus 47.28 expected revenue coming in at 19.62 billion versus 20.13 expected and guidance guidance in line, but uh revenue missed there on T-Mobile t-mus, i guess, is t-mobile. Let's oh um t-mobile, it's kind of hard to tell what's happening here. It doesn't look happy that, that's for sure, okay, so then we've got mondelez. We have caesar's entertainment.

We have solar edge, big competitor, to end phase. Oh caesar's, posted net revenue coming in at 2.69 billion loss per share 1.1. The uh adjusted ebitda 82, see i don't know what the expectations were for this. One though i should.

I should get back in the habit of writing down the expectations. Ah, next time, caesar's not happy either caesar's entertainment down about uh, two-thirds of a percent lift and solar edge. These are going to be interesting ones to watch and, of course, zillow activision blizzard digital turbine. These guys all expected at 405.

lyft digital turbine activision, zillow group. All expected at 45 and solar edge, i'm most interested myself in zillow and solar edge. I'm going to pull up the earnings estimates for those quickly; okay, so s edge, we're looking at 1.338 adjusted 0.966 gap, 528 rev and 76 mil net and then for zillow. We're expecting solo, zillow earnings estimates we're looking for zillow to come in with an adjusted eps of one sorry, .159, so barely profitable, oh yeah, that's not going to go well gap of a loss of 11.8 cents and rev of 49.5 million.

I'm sorry revenue of 2 billion, which is bullcrap anyway uh and net of 49.5. The net is really what's gon na matter here, all right: okay, folks, one minute so digital apps activision zillow lyft solar edge caesars. We looked at caesar's technically beat on net revenue, 2.69 billion versus 266 expected. I think the loss per share was a little higher than expected.

I'm not sure. Maybe it wasn't enough of a beat, but caesar's is down five percent here. Recovery recovery is just getting tanked. Uh people don't want to be in in uh recovery stocks, so uh, potentially just rotating out of recovery stocks all right here we go seven seconds and i should have some big numbers here.

Oh, i'm excited, let's see zillow two seconds come on and zillow nope not yet activision activation blizzard comes in at a beat, adjusted eps 72 cents for 70 expected uh revenue is a meet at 188 or 1.88 billion the uh, oh the forecast. Fourth quarter not so good, though that's a 10 cent miss on forecast 1.29 versus 1.39 expected. So that's a little bit of a atvi. The forecast being down is not good for blizzard uh 10 cent down okay revenue at uh, zillow, q3 revenue, 1.74 billion uh.

That's a big miss holy crap because they they were expecting two billion. Oh yeah, that's that's a miss on revenue. I don't have bottom line yet, but that is a big. That's! A miss.

Okay. Lift lift comes in at 864.4 million versus 860 2.0. That's a that's! A b uh and they have revenue per active rider of 45.63 dollars versus 44.43. So that's a beat and it's a beat on revenue per rider.

It's a bead on revenue. We have uh active risers rose 51.4 percent. What yeah uh quarterly? Okay? I don't want to compare to last year comparing the last years is bullcrap. Okay, solar edge, miss solar edge comes in with 528 on revenue, but eps beats uh eps comes in with 145, that's a beat as opposed to the 134 expected.

So that's a it's a beat on the bottom line there for a solar edge, but a miss on rev. Oh zillow tanking, another nine percent - oh oh dang, they're getting robbed! They deserve it down to earth. You go! Oh dang, that's a burn, got smoked. Uh yeah! I mean well see and they're trying to compare to last year revenue we don't care about.

Last year. We care about the fact that you missed on 260 000 of revenue that people were expecting we're. I'm sorry, 260 million dollars. Where did 260 million, go wow uh? It's probably not gon na be good for like open door or redfin.

Honestly, i might honestly like dig into the redfin financials and see it yeah see if it doesn't like either. I might look into the financials for redfin and see if i could use this as an opportunity to buy redfin instead of uh whoa. What zillow shuts down home flipping business, wait. Wait, wait, wait, wait, wait, wait what oh, they just they they they're canceling they're.

Not doing eye buying anymore, it's even worse than expected. Oh oh! It's it's a bloodbath uh because remember they paused home flipping! Oh my god! I called it. I freaking called it holy crap. I did a video this morning, i'm like there's.

They hired so many incompetent people, they're gon na, have to fire these people holy crap. The headline just came through zillow to shut her home, buying business and lay off 2 000 employees. Oh that's horrible for those people, but it just shows you real estate's, not easy. Oh god, that's horrible for those people, oh my gosh yeah.

They just got smoked. Oh, this is absolutely wrecked. That's horrible wow real estate man! This is not. This is that this is bullish for, for, like redfin and open door, uh wow, okay, mondelez comes in with 71 cents versus 70 cents expected net revenue at uh, 7.18 billion versus 7.06.

That's a beat beat on the bottom beat on the top and forecast is i don't, have a forecast, never mind, uh, okay, we i want to know what's going on with solar edge, why did they miss rev? The uh forecast forecast is slightly low as well forecast. Could be a little bit better on s edge uh, so not so good here on solar edge, oh solar edge down eight percent! Oh don't take end phase with you, okay, good! It's only down three quarters of a percent uh. I don't know i don't really. I don't think i own any solar edge.

If i do it's nominal uh, i don't think i do uh. Maybe i do ever because i think it's it might be in the solar pie. I think there's there might be like 20k in it or whatever uh, but uh, but end phase is like a 1.8 position for me right so um, that's that's my fave one uh remember: tesla dropped uh a solar edge, okay, folks uh. I cannot believe that zillow is ending zillow offers that wow, oh wow, they're, actually recovering people, are buying the dip on this.

Why they're not an eye buyer anymore, now they're just a real estate agent advertiser. You know what this is the opportunity to buy expi. This is the opportunity to buy redfin uh. This is the opportunity to buy anything, but i mean i get it like stuff goes to crap and then you buy the dip on it or whatever, but you realize the gamble these people made, and you know what the numbers are.

Gon na look like going forward. Folks, look! Okay! Let me make this very. Very simple: okay, see simple blank piece of paper. Okay, you want to know why this is bad i'll, tell you why this is bad, because they were expecting two billion dollars of revenue right.

That was the expectation and uh of that expectation. I believe i'm not 100 on this, but i believe about 1.8 billion in revenue was probably supposed to be home, flipping revenue, but the problem is they bought those homes for like 1.8 billion right, so you're really buying a company that had maybe 200 million dollars in Revenue outside of the home flipping business, which was really propped up so now when they get rid of the home flipping business, their propped up fugazi numbers when people do their you know times, revenue multipliers are going to be f because you're going to go back to Like 200 million dollars in revenue - and maybe you know whatever 70 million dollars in expenses - fine they'll be profitable. Maybe i don't know - maybe not - maybe that's like 170 million and they'll barely be profitable. They'll, probably be profitable again on their advertising business.

But the point is their top: sales number is going to go to crap uh them shuddering. This is, i mean to me. This is this is an example of a greedy corporation uh, not knowing what the hell they're doing screwing with the real estate market and getting burned for it uh. But you know what honestly the executives are smart uh for for realizing their mistake and firing.

Everyone and uh and uh dumping the properties, so they can start over. They know they're going to go through the shits and uh and they probably put on their mud boots and they're ready to go. Look it didn't work, they tried it. It didn't work, move on uh and - and i think that's why you're getting some by the dipping here on zillow but uh, and then we don't want bag on it.

But like it's yeah, look at that! Look at that open door! Folks. What did i tell you, this is an opportunity to buy the other ones is what i said and look and look at the delayed reaction. Too. Look at the delayed reaction.

Here. Earnings came out at 106.. It wasn't until 112, six minutes later that open door actually started pumping yeah. It's also an opportunity for redfin uh and, like i said expi, the xpi is actually slow down a little bit uh.

You know because you're this is agent competition. Oh expi is not like a direct uh home buyer, though the thing is the reason open door is going to do well. Here is because they actually have margin, they actually make money on their home flips. They don't just try to win the deal they win deals.

They can make money on watch. My uh watch my video on on the whole zillow thing, but that is so scary that when we were when i was looking at the when i was doing my video this morning, i'm like they're gon na have to fire. Thousands of people is what i said and then i'm like well at least a thousand uh and uh and sure enough here it is three four hours later everybody's getting fired. I did not have insider info, it was just the writing was on the wall.

Okay, it was clear as freaking day uh geez uh. Oh that's actually interesting so as they offload uh yeah, but that's that's gon na be misleading, so in the fourth quarter, they're forecasting higher revenue, uh 2.2 billion to 2.64 billion versus the estimate of 1.93. But that's going to be liquidation. Inventory! That's going to be inventory! That's getting liquidated at big f in losses like i'm, not looking at that guidance as a good thing, because that q4 net yup freaking nailed it nailed it.

Oh, i know my real estate next line that just came through here. The estimate in q4 was that zillow would take a 98 million dollar profit. Now the estimate is 136 to 108 million loss nailed it you suck i'm killing myself here, um anyway, yeah oopsies. That's stocks for ya.

I should have shorted zillow when i made that video ah yeah, you know what i coulda shoulda. You know i i had high conviction in that, but i don't i generally don't like shorting the market yeah, it's uh, especially playing earnings. It's very weird, i mean look zillow's only down 2.69 right now it dropped 10 for a moment and it's recovering an open door settling back down. So the market's like chilling out but make no mistake like this - is a disaster for zillow and the next quarter is going to suck the quarter thereafter is going to suck and they're going to transition back to the agent advertising business they're going to get out of The eye buying business there's going to be more business for open door and redfin it's bullish for those other companies, that's good all right.

What else is happening in the after hours? Lift open door bed bath activision? Oh activision, actually went up a little bit. There's redfin up about point: nine: two percent solar edge gets whacked six point: eight percent. I wonder! Okay, i got ta write down the earnings that i wan na. Look at okay really running out of pens over here all right, so we're going to look at the call for solar edge zillow.

I don't really care about activision myself. Those are the ones i mentioned. Oh mondelez, that's a good one and don't even run that headline bloomberg get out of town. They just put a little line item in zillow.

Fourth quarter revenue forecast, beats estimate, uh yeah cause they're, liquidating inventory. You dum-dums, like we said when we got the last update, their loss is going to be nuts and it is um people don't understand real estate. Look, that's not an insult, it's just a fact. I sold real estate actively for what 10 years or whatever.

Now, i'm just an investor and uh. I have a really good sense of what people think when it comes to real estate and how very different what people think is from reality, real estate's fun. That's why i personally really like it, and you should too all right what else so open door bed bath, dropbox redfin see my play is still redfin uh in this space, but open door is gon na, be a good competitor, but but redfin redfin's gon na come Around from from behind it's gon na be interesting, and it's been, it's been a good performer. It's obviously way down from where it was earlier and highs of the year um, but that's okay, still up on it.

A lot tesla tesla's down about point one: seven percent in the after hours affirms down a little bit robin hood's down a little bit point. Four percent looks like the market kind of chillaxed a little bit some of the things that were running into the clothes. Some of the by the dipping is kind of getting sold off into the after hours, bitcoin relaxing a little bit but ethereum's, not the ethereum keeps running very impressive. Wow.

Look at that spread for ethereum on weeble 4483 versus 45.77. Oh just get destroyed as soon as you buy it. Uh watch my video this morning on the hurts deal yeah by the real estate, investing course yeah, that's true! All right, tess tesla, following your moves and never suing. Thank you.

Uh all right watch my video on the hertz thing yeah this morning i posted a video on that this morning. All right that was fun that was that was like entertaining that was like must-see uh. You know meet kevin tv, here's, the monthly ceo, let's see what he has to say back into normal life. What does that mean for snacking? Well.

First of all, consumers are getting more confident, they're feeling better about their lives around the world. I would say they: they can see how the vaccines are helping them. They can get a better feel for their personal finances. Their mobility is coming back.

Oh, i forgot. Digital turbine digital turbine falls, eight percent after q2 miss they came in at an adjusted eps of 44 cents versus 42 cents expected that's a beat. Their q3 revenue is coming in higher than expected on guidance, but they missed by about 4 million dollars on q2 rev. 310.2 versus 314.8 to me that our categories, biscuits and chocolate uh are also uh, something that is more confu consumed at home.

So we see our categories around the world. Uh really have accelerated during the pandemic, but it's it's continuing, and that of course, is very good for us and on top of that, our market share versus where it was in 2019, remains high. We're up uh foster state increase of market share in 75 percent of our market. So overall good news on snacking, i would say, margins were down a bit in line with expectations.

What are you seeing and experiencing with regard to supply chain costs, issues um, bed bath and beyond advances? Three billion. Sorry, one billion three year share repurchase agreement, they're going to complete one billion dollars of share repurchases by the end of 2021 bed bath and beyond some stuff to be sold at kroger.com and physical stores. Bold moves to redefine the business; good luck, uh, e-commerce experience to to launch pilots. Whatever uh i mean the stock's moving the stock's moving on this repurchase news, a lot it's up uh! It was just up nine percent.

Now it's up thirteen point. Seven percent and remember this: is a momentum mover good luck, bad bath? I ain't touching it! No where'd zillow go zillow, don't tell me zilla broke even i mean it good for them if they did, but oh my gosh they broke. Even oh, my goodness, i am blown away. The next quarters are going to suck, but okay uh.

What was i going to do? Oh somebody there's some mention about elon's twitter. You know every time i hear elon's twitter. I don't know what to think like get nervous. I think y'all are just talking about the uh hurts deal, but again we covered that this morning, so re-discussion of objections to tesla giga berlin have begun.

Elon writes sigh. What they are doing is just not right: hmm, okay, uh! Oh the oh, okay, somebody here uh. It says the uh creator of dogecoin wrote the creator of dogecoin, currently a board advisory for uh on the board advisor for the dogecoin foundation. Okay, i ate a taco and have made my decision on who will be the next fake ceo of dogecoin.

My announcement will be at 4pm pacific three hours from now. Elon. Writes me: oh wow, all right! Well, oh beyond me! Now up! I'm sorry, not beyond me! Bed bath now up 21! It's good! That's uh! Added another 10 from when i first read this: it's up! 24 now they really like this 3 billion in sherry purchases. I'm sorry, 1 billion in share repurchases accelerated to 2021, rather than over 3 years, cool, all right, cool yeah, a momentum sparker no kidding right, okay! Folks, thank you! So much for being here i'll see you in the next one.

It was a pleasure goodbye, stay tuned for more videos.