Hey everyone Me: Kevin here boy! I'm so excited to announce something. Uh, it's actually taking me a few minutes to get this together this morning, but it's finally ready. Uh, mark your calendar December 9th uh we're actually going to be ringing the bell at the stock exchange which is really cool and uh, you're invited. Uh, I'm gonna do a meet up at 4 30 p.m outside the stock exchange and if you are a course member, there's a form you can fill out and we're going to do a raffle just for course members. We're going to bring in about 125 uh, course members uh to the inside of the floor of the exchange. kind of like in front of where the Bell is. So really, really cool. Very exciting, uh, and a very exciting opportunity obviously for course members as well. If you're a new course member joining with the Black Friday stuff, you'd be able to fill out that form as well. uh and uh and get a shot to come in any of our Discord mods by the way, which you can join Discord for free. They're in there talking in the free channels all the time. There's so great! They're so wonderful I'm so grateful of them. Any of our Discord mods are going to get a guaranteed spot in which is very, very cool and and I think uh, an excellent reward for for the phenomenal work they do for us. I'm very uh, very happy for them. They uh, they work so hard. uh they don't even get paid. Uh, they deserve a lot more appreciation, especially for me. so uh yeah. hopefully hopefully this this helps contribute to that Anyway, Uh, let's get to uh, what's going on in in the world of Finance today? Look, today's obviously this is December 9th to be clear. I Just see some of your comments here: December 9th 4 P.M Closing Bell New York Stock Exchange and then I'll probably come outside I'm thinking like for authority and then like meet people outside. um you know you can obviously see the Bell on TV as well or whatever. I was kind of thinking about live streaming it on the channel as well. kind of. So it's sort of like Vlog style at the same time. I think will be kind of cool. Uh, anyway, yeah, it's it's really exciting. Uh, I'm kind of jumping up and down. Uh, I mean this is. it's like a big deal and you know some people work on Wall Street their whole lives and never go into the New York Stock Exchange so it's pretty crazy. Uh, anyway. uh yeah. so today's a big day. We've got, uh, the Fomc meeting? uh, minutes. This is probably one of the larger catalysts between now and the beginning of uh or or I should say, well, the beginning of the end. uh, mid, uh, mid-December That's because we're gonna get the CPI reading on the 15th of uh I'm sorry the CPI reading comes out on the 13th, the Fomc meeting is on the 15th. Those are both going to be a very big deal, but this the reason today at 11 PM is likely going to be a big deal is because of the minutes that come out at 11. I've made some videos on this so I don't want to go like a super I Don't want to be super redundant here? Uh, but the minutes are very important because we want to start seeing the FED Not only talk about the lagging effects of monetary policy, but we want to see how long do they think the lag is. You know it used to be 18 months. it used to be believed to be 18 months now. Jerome Powell says maybe maybe it's a lot shorter than that. potentially instantaneous when Financial conditions tighten because we see bond yields move up in anticipation of the FED tightening. But recently in the last few weeks, bond yields have been coming down 3.74 on the 10-year today and uh, you know we will leave. We're going to hear some news uh, about, uh, about what they think, lagging beans. We also think we're going to get some insights into their discussion around what does it actually mean to slow down and go from 75 basis point hikes to 50. uh, is there a time for a pause or an opportunity for for a pause and write hikes? When might that be? Is it March Is it February or May the May meeting? Uh, so we'll get a lot of insight on that. so I would expect low, uh trading volumes until the Fomc meeting minutes come out. I Don't think it's necessarily necessary for for institutions to be, you know, flying into the market. uh, until these minutes come out. But then also, you know, another big sort of liquidity draw will probably be saved for uh, the CPI release I think we get two big CPI reports in a row? it's gonna be a pretty big deal. so uh, very, very exciting about. very excited about that. I should say uh now, uh Futures right now, relatively flat, flat to stable here Dao minus 0.12 you've got s P .08 To the downside: NASDAQ 0.02 up. Uh, now, um, you know. yesterday I was talking a little bit about Google and I wanted to add a little bit more clarity as well as with PCS Um, not not like jumping up and down here about the idea that PCS have hit bottom yet. you know, reading into Hewlett Packard a little bit and Dell uh, I don't I don't know that PC demand has hit a bottom yet. we're still expecting pain. uh, into 2023. although if the stock market is going to begin to price in those expectations, so it makes you wonder when that U-turn comes for PC So something to pay attention to, but it might be a little premature. You do have, uh, a lot of worries about an earnings recession in 2023, so that's something we have to be very cognizant of. is that a lot of companies are going to see negative earnings. You're already seeing that at uh, you know Facebook's Revenue down. for example, uh, year over year. Uh, you're starting to see sequential declines even which is quarter to quarter uh at other companies uh, retailers especially. Uh, Nordstrom was a complete Disaster by the way, complete disaster. So um, it explains why they're down seven percent right now. Autodesk actually wasn't even that big of a Miss yesterday when we covered the earnings in in the close. and uh, they are still down like eight and a half percent right now here in in pre-mark So let's go ahead and take a look at some of the pre-market uh moves that we've got here. So pre-market moves we've got. Uh, there's Autodesk Downs eight and a half. There's Nordstrom seven and a quarter Occidental Petroleum down two percent must mean oils trending down a little bit on, you know, probably. Chinese Growth views again. Oh Russian Price cap Toxic. Okay, yeah. well. um so Brent right now 85 that's a pretty big number. Like what I would love to see is over the next like three days. especially? well we got Thanksgiving markets are closed tomorrow I'd really like to see oil fall ideally today because when that that third data set gets pulled for CPI I'd love to have a a a a negative read for energy. Uh, but we started the month off a little high for energy so we'll pay attention to that. Uh uh. let's see here then we've got Yeah, there's also fear about the rail halting the strikes apparently Biden is involved in negotiations with this. So I I don't know if that uh, that means uh, things are going to get better or worse. Uh sorry, everybody's got to make fun of the president. Uh, It's gotta be like like the the toughest job in terms of like hate. So like everybody's got a complaint. a bone to pick with you. Uh, Carvana is actually up seven percent here in pre-markets Interesting to me. I Wonder if that's just because it's fallen so much? Uh, but uh, we'll take a peek in a moment here. tests a couple percent. uh, it's it's been scraping along the bottom. You know the S P 500's been up like six and a half percent over the last month. Tesla's been down 20. A lot of this on the Twitter overhang although also I will um I'll be releasing a Tesla video probably right around 7 A.M this morning. So in about 40 minutes we'll release a Tesla video. So uh, again, if you haven't yet watched the beginning of this live stream, make sure you take a peek at uh, the uh. the announcement about ringing the bell at the New York Stock Exchange December 9th. Uh, you're invited to the outside and if you're a course member, fill out the form. uh to be invited to potentially be invited to the inside. you've got to cover your own travel obviously and stay. but it's it's free if you come in, uh to the floor. which is pretty cool. So we're excited to have you. uh, minutes? When are the minutes there at 11? A.M Pacific 2 P.m Eastern Today so they are not an early release, we're not getting these uh, you know, like uh, you know sometimes we get these releases at like 7 A.M or 5 30 or whatever. The minutes the minutes are more relaxed. they come at 11. I'll be covering those lives so you can come back for the live stream then. so uh okay, let's get a little bit of uh, looking into here, you know I was reading a little bit about it's so terrible but I was reading a bit. oh wow. hold on I Want to actually see this video? Hold on. Agreed upon. um under a very tight a covid uh restrictions in order to get extra pay. They also say that they are fearing, uh, the virus spread in the facility now Foxconn Said in a statement that it is communicating with workers and the government to avoid a recurrence and is offering workers compensation. Now this protest comes as China's a covid situation appears to be going National of Jungjo which is China's iPhone City Announced tonight that it's putting its downtown area in effective lockdown. until next Tuesday It's also ramping up Mass testing to go to every day Mega City Chongqing is now an effective lockdown Chengdu which just got out of a lockdown in September is now in Mass testing Shanghai canceled an auto event manufacturing Hub Shenzhen and Sanya which is in China's version of Hawaii. Both are imposing more restrictions in public places and this comes after Beijing and the area around it as well as export. Hub Guangzhou already said that they were tightening controls. so Capital Economics, which is a research firm, said that their fear hearing that the situation could head towards what we saw in early 2020 when hundreds of millions of people were in lockdown to the detriment of the economy. Now the Capital Economic says, while there is little Prospect of the authorities opting to step back from the zero coveted policy during the winter, there is a significant risk that containment efforts fail, guys. Yeah, uh. Eunice Talk to me about the degree to which any kind of stimulus or government support for the economy uh is being considered, and how would that even be helpful if in fact, you're restricting uh, personal economic activity in the first place, right? I Think that the Um, of course there's been a lot of discussion about Uh stimulus measures, especially when it comes to the property sector, and the government has been directing some money into that sector as well as other incentives. However, the big problem of course is all the uncertainty and uh, from a consumer perspective, the um, the fact that you could get locked down or that businesses are randomly shut and the fact that um, the regulations are not very clear at all. In fact, a lot of the as we've discussed, a lot of the the decision making is being devolved to the local level. So um, one a business for example, uh told me the just today that they wouldn't be able to deliver a chair that I actually had ordered. uh because their local uh prop their local manager said that they are not allowed to go into the shop to pick up the chair. So uh, so it's like those level decisions and it's all being handed at the very very micro local level that make it really difficult to do business. Wow, that that is. Uh yeah, that's uh, honestly, just terrible. Uh, what's going on in China Uh, you know you've got a couple thousand new covet cases here. Uh, uh, Plus in a couple days here, you've got more than a thousand new infections in Beijing over the past two days. Uh, Beijing's covet fight now being deemed to be at the a critical point according to the global times given the seriousness of the outbreak, Beijing has once again asked residents to reduce their movement around the city. Uh, remember that we you know we've been tracking sort of this rise in covet cases for a bit here, and there are a lot of concerns that Tesla might actually lock down again. A Tesla Giga Shanghai Fortunately, we haven't seen a lot of case explosion in uh, uh Shanghai. They've had relatively fewer cases, but uh, if they're unable to sort of contain this uh with the extremeness of uh, the lockdowns that we see, it just wouldn't be a surprise to see this, uh, end up spreading over to Shanghai as well. Pretty common. Uh, we have. Let's see I have a chart of covet cases from I Want to say two days ago? Oh yeah, here it is. Got it. Now look at that. China's new daily covered levels of mainland China Here you can see the explosion on the right side here. Really? Uh, happening a lot here in October Obviously we're moving into the winter months here as well, so getting a little bit more pain? You're going back to levels that we saw post Omicron which is just not ideal. Uh, remember that at Shanghai had substantial lockdowns here, but if you look at the yellow here, the yellow is Shanghai and you just really don't have any yellow over here. Not to be confused with the orange here. uh, the 39 case Shanghai Very, very low right now. Let's hope it stays that way. But uh yeah, given the seriousness of the outbreak, Beijing has once again asked residents to reduce their movement around the city starting. Thursday Residents must have a negative test uh, nucleic acid test within 48 hours in order to enter public venue buildings. uh in Beijing This all comes after the idea that they would potentially start reducing some of the covid uh restriction measures which is just really bad timing because it sort of aligns with like potentially Chinese politicians being able to say look, we, we lowered coveted restrictions uh I mean they tend to have a lot of unity in the party though anyway, so maybe not. but people are going to think that I imagine is oh no lower. You know, reduce the restrictions and all of a sudden cases are jumping and create some fear. uh uh and potentially some calls for for more lockdowns in China uh which is unfortunate, but um, yeah, this this China issue is Big the protests you saw in Uh in at the Foxconn facility as well for Apple clearly hitting Apple I I think it'd be interesting to look at Apple.com and let's just get a peek at iPhone itself. Uh, in terms of how long you'd have to wait right now to get an iPhone I actually do have the iPhone 14.

I Also made a video that I personally thought was very good. It was comparing the iPhone 13 to the iPhone 14. If you want to look at that, you can uh I just type in meet Kevin iPhone 13 14 but I I'm I guess I'm not a tech review channel so um anyway uh I You know is the iPhone 14 worth it? It's I don't notice a difference? let me put it that way. and I did a camera review and some other reviews as well and you're welcome to see for yourself. But let's say you wanted to buy an iPhone 14 right now. What would you be looking at? Well uh, let's see if we just grabbed an iPhone 14. You know, let's get the Deep Purple whatever. I just want to see what's available. No trade-in Okay What? Come on. I'm just gonna buy it. uh, any carrier. come on. All right so it looks like wow, you are not going to get an iPhone until January 3rd. You can see that delivery right here January 3rd. That's about a six week lead time, all of them showing up as delivery by uh the third. Let me look at different colors here. No, it doesn't matter what you pick, the iPhone Pro is going to be January 3rd Pro Max Doesn't matter what you pick, they are just they are basically bluntly telling you we are not going to be able to get you iPhones until next year. That's pretty remarkable. Uh, let's jump into iPads here. Uh, Rumors By the way, they're going to come out with a larger iPad One rumor was 14 inches. One rumor was 16 inches. I'll tell you I'll take more inches I would love four inches. Uh, the bigger the better. So I'm a big fan of iPads I I don't I don't need that stuff I already got that All right? Come on, let's see. Okay see. So the iPad is available by November 29th so you can probably get some iPad sales. Uh, very exciting. So um, yeah, okay, that's Apple. Let's go ahead and see how if Apple's getting hit at all in stonk land? not really. I mean honestly, Apple's been doing very well. uh All Things Considered for the year you've got. uh, you know, rising action here off of the June lows. A lot of companies, by the way, off of their June lows, just look at Royal Caribbean For example, uh, Royal Caribbean Cruise Lines There we go. look at that from 31. Almost a double uh from from June Really remarkable. It shows that it looks like, uh, the market really potentially bottomed around June Which is quite interesting because I launched house hack my real estate startup in June uh, which is basically like the bottom, uh, potentially of of the market. Very, very interesting. So yeah, well, that's a compliment. Thanks! Yeah, I don't know how much, uh, how much a check I'm gonna actually cover, but I you know I don't mind making my opinions. You know on on Tech if people want to watch it, I'll gladly do it I might just simplify it and just sort of do some bottom line opinions. I mean I have so much of it I even got a Samsung uh phone now right? Yeah like I have three phones I don't recommend it. Uh, but anyway, so okay, um yeah. a stock? uh, let's I want what I want to look at now as well is the Fed's terminal rate. Let's take a look at that. So uh, Fed term Fed terminal rate? Let's see if it moved up Yesterday we were at 5.2 and market closed for the terminal rate. Uh, with what the Futures Market is pricing in Futures market now pricing in Oh my gosh, 5.245 Moving up again. so uh, our our scene. the expectations for a higher Peak Uh, All right let's see here. what else do we have? Initial jobless claims Spike to 240. Finally, a little bit of a pop there in jobless claims. Keep in mind that during the reception, the Great Recession though we were a jobless claims of well in excess of 300 000. so uh, and and then substantially more thereafter. I'm not even comparing to Covet, but the reason I mentioned that is, you know, moving from 220 000 jobless claims to 240 000 jobless clubs? Uh, it's just not not a noticeable difference here. Uh, uh. Let's see here. what is this higher? A higher anticipated peak in the Fed rate is becoming accompanied by a subsequent steeper Fallen rate contradicting the Fed's message of higher for longer, expect the current trends of short-term support and stocks. Uh, subdued volatility and curved Landing This is interesting. So really, there's there's this murmuring going on now that's suggesting that look. The terminal rate Peak may be higher, but it actually may be may stay there for a shorter period of time. Uh, this is a this is going to be something the market ends up having to parse out and will be a direct impact on on stock prices. Uh, in in the short term. Of course. You know all this stuff just matters in the short term. Uh I I Know it's easy to say oh, it's a long run investment as almost like a cop-out but like I'll just give you an example. Test lighting, Trading on fundamentals. Right now it's trading on Twitter Drama: Let's listen to the Bell I just didn't go on HP uh PC units down 21 printing down seven. Yeah, that's something if you work from home. Nothing we're gonna be saying why that's happening exactly tomorrow morning Santa came in the ocean said I smell a Santa Claus oh they did a cute little Banner back there and look at that. they're dressed up as Sani Claws and some other people What? What should I dress up as should I have green hair or Green Eggs and Ham uh just uh. just as a reminder here and I want to look at how sticks are moving here but just as a quick reminder I talked about at the beginning of the live stream. Uh, we will be ringing the Uh Bell at the New York Stock Exchange set for December 9th. Uh, we'll do a meet up afterwards. Outside it's the closing bell and uh, if you are a course member, you can sign up to join me inside the floor of the exchange. It's not up at the Bell it's kind of in front of the bell at the floor of the exchange. We'll be able to bring in about 100 people which is really cool. Really exciting. So uh, bell ringing December 9th. Uh, mark your calendar for that. it's gonna be really cool. Uh uh. All right, so let's see here. Um, all right, let's go look at some sticks. Boom, What do we got? So we have the NASDAQ moving actually slightly up 0.13 it was at 0.12 this morning. Uh, in in the Futures Market let's see what we've got actually moving here. Carvana now up 10. Oh, that's right I Want to see if there's news on Carvana? Tesla 2.2 uh price Target upgrades this morning on Tesla uh for especially from a Wall Street bear which was pretty unique Autodesk Nordstrom suffering around that eight percent drop Tsmc uh, some of that Warren Buffett enthusiasm wearing off a little bit. you're getting that the weight of Dell and HP and and apple weakness. uh for chips here, potentially leading Tsmc to just call back just a tiny bit. Apple down about a quarter of a percent those qual um Foxconn protests not helping iPhone deliveries all iPhone deliveries now based on what we saw jumping into the Apple.com website uh showing a January delivery date which is certainly a lot longer than a usual I Want to say I actually had to wait about three or four weeks to get my iPhone 14 when. but I ordered I ordered within two hours of it of the orders opening up. Um yeah, I actually think uh, I'll be well I'll be streaming the opening bell at the New York Stock Exchange I won't be ringing it but uh, what I want to do is I want to Vlog the closing bell uh as as we go to ring I I don't know if I'm allowed to do that, you know I want to make sure we respect all the rules. So I'm very uh, excited to to see what ends up happening. Uh, it's it's you know it's a life experience. It's pretty cool. Okay, so what's going on with Carvana? Let's see Carvana Stark Rises on Insider buying activity carvana Rises as Insider buys one million dollars in company shares um uh CPO Gill What is that? What is a CPO uh CPO Carvana Insider let's see a CPO I Don't know what a CPO is, but oh, it's no I don't I don't know Anyway, some dude inside a Carvana bot uh I guess a million dollars worth of shares. You know, sometimes they do this to manipulate the market. You have to be careful with that like it's it's easy to to like have one person buy some shares on the inside and they could sell them in theory right away and then have two days uh to disclose that and you could kind of like get a little bit of a pumping up going on. I I mean that probably would get you in trouble with the SEC and it's certainly not something to Advocate but I'm just saying. sometimes these share buys, these Insider buys are done as a signal to markets right? They're done as a way to say like, hey, don't keep selling us, we're buying like it doesn't actually fundamentally change. Uh, sorry. oh Chief purchasing Chief Product Officer: Yeah, maybe something like that product purchasing? Yeah, okay, that's that's uh, that's a that's a very uh, good potential. I should dress up as a Dell computer at the New York stockist. Yeah. I I Don't think so. uh no, it probably just you know. suit and tie. I You know you don't want to do anything like people already have this impression that oh YouTubers is like somehow like, uh uh, condescending and so you know you don't want to like be a a joker. Uh, you gotta be. uh, you gotta be professional. So uh okay. let's see here. Well, well, well, well uh. let's listen into Bloomberg Here for a moment see what we got on Doomberg from the immediate aftermath of the gold financial crisis up until maybe late last year. Uh, when the FED insisted that inflation be transitory and then more or less said oops, maybe we were wrong. Uh, NSA try to recapture that I Think investors are embedding some risk premium for is the Fed trying to offer forward guidance through the rear view mirror? Now what the Equity Market sauce to work through is you know what is the earnings impact and I Think that's where the questions get more interesting because you have some questions that that inventory we've seen that that's been flushing its way through to the system and somewhat noisily in the equity. Market But importantly, a lot of companies have been talking so much about. they've worked so hard to hire people that they intend to keep them. and I think that might be supportive of sales but also my pressure margins and to the extent that Equity investors rely on companies to really guide them towards what the sales of the earnings, sales, and earnings Outlook looks like. You know we might have a better sales outcome certainly supported by inflation as we were just talking about, but at the same time, are the profits going to be there? As certainly as we would have thought in the past? Come on man, this is old news. dude. like oh oh, sales are going to get boosted by inflation. Come on man, that's bullcrap. Uh, are the earnings gonna be there? That is more important. Like what Dell said, they're not going to reduce the prices of PCS they're just going to take more margin. Very interesting. Let's listen to this here on: Tesla Well, then after that, well, Bloomberg's Kaylee Line's joining us now Caleb Oops Wrong. Some sentiment demand, commercial Partnerships government relations support and even Capital markets support. Um, no real surprise. Like, or perhaps because we've been surmising the same thing. It's kind of almost a proxy for how badly things are going at Twitter There has been an acceleration lower in Tesla shares since the Twitter deal closed. and since you've basically had a real-time Glimpse at Musk trying to change things Corral things. Yeah, I mean I'm going to be posting a Tesla video in about 23 minutes. Uh, which reminds me I have to edit the darn thing. Uh, whatever. I'll handle that. So uh, watch my Tesla video I think that's it'll? give you some good insight into sort of my thesis. uh on. Tesla Uh, my thoughts. Also, some big updates regarding the inflation reduction I That's gonna be very interesting, so stay tuned for that. uh Tesla video dropping shortly. Uh, so uh Hector here wants to know Kevin random question do you still hold BTC I Sold all of my crypto in January I briefly bought back cardano and lost like I don't know 10 or something on that and then I dumped that too like a little weenie. Uh, I do not hold any crypto right now and uh, on my Venture Capital investments in crypto are basically worth zero. So I guess you could say my exposure to crypto right now is zero. Uh, uh, that. um I think there are a lot of very good, uh, fundamentally driven, uh, deals in the stock market right now I think there are a lot of excellent companies with phenomenal pricing power. Uh, that. uh, that could be purchased and I'm very excited about, uh, really. honestly, the next year. uh, you know I I I couldn't be more optimistic about the market right now. and I was very, very pessimistic in January uh, you know. and I I don't think I've been extremely optimistic for most of the year and I don't want to say I'm extremely optimistic, but I'm very optimistic right now I don't know if there's much of a difference in that anyway. Um, so like I'm not at all worried about this whole earnings recession crap or defaults or or foreclosures and that sort of. It's just it's I just don't see it. Indices now turning green. We're at about a quarter of a percent across the board on indices. Yeah, it actually looks like we're getting a little bit of a rally push here before the minutes. That's actually interesting I was expecting a low, a lower activity. uh, by the way, I bought some uh, just a full transparency I was talking about Meta yesterday. uh and I forgot to say in the video which I should have said I was talking about how I think it's a good thing that uh, what's his name mark Zuck is getting the boot and uh I forgot to mention which I should have I just want to make sure I do that if I have a positive position I have a I have some short-term calls on Facebook and I don't I don't think my my videos actually move the stock or whatever. but um, I'm also doing uh, this is sort of. we're starting a trading Challenge on Monday It's like a five million dollar trading challenge in the stocks and psychology of money group. If you're part of that, you'll get all the buy sell alerts. that's uh, you know, obviously joined before Black Friday but um yeah. I I think that, uh, the my thesis on Facebook here is that. Well, first of all, I think I think we might see if we get some good minutes today and that's my big bet is I think we're gonna see what's not a big bet but I think we're gonna see some green uh after these minutes I could be wrong about that so we'll see what happens. and I think that the rumor that uh Mark suck might leave next year will actually help accelerate further. So I think that's very interesting. Uh, the uh. the prospects for for uh Facebook stock over the next few months. whether or not the rumor is true, obviously Facebook is denying it Tesla up almost three percent right now Apple turns green, they were down about a quarter of a percent Nordstrom uh and uh Autodesk still rotating down. you know somebody sent me a funny note yesterday. they said I think it was in the course member live stream. They said uh, something the effect of tattooed Chef is about a dollar and 65 cents away from Meet Kevin's price Target and I'm like damn, you've been here for a while because I have not talked about tattooed chefs since this thing was like 18 or 20 dollars and I said that their advertising is terrible. uh, they're The fundamentals of their advertising are terrible. They're advertising more, revenue is growing at a slower rate, while they're ramping up advertising like crazy. they don't know how to advertise and I was really, really bearish on the company was I actually expecting them to start trending you know, so quickly to my price target of Zero No, uh, but but wow that was a Wipeout I mean a lot of things have gotten wiped out? Um, you know, So uh, but but it's it's just it's been a crazy been a crazy year I mean who would have thought that Redfin was ten dollars, you know Redfin was I Remember Redfin at uh, ten dollars in the recession the uh, you know, coveted pandemic. Watch this. It's crazy here. Let's go to the week. Look at that. uh uh, where is it here? Look at that under ten dollars during the pandemic and look at Redfin Now four dollars and ninety cents? Are you serious? It's crazy. Absolutely crazy. Uh, really. really. Quite shocking. So um, you know it's it's A. The problem is, real estate sales are plummeting uh, badly. so you know it's it's hard to see the fundamental story at Red Redfin right now I certainly don't have pricing power in my opinion. I think that's the last thing you have right now. um Autodesk I think is an interesting one. We might do some fundies on that one. uh for the Uh in our course member live although there's some Trends I wanted to look at as well so we'll we'll go through this a little bit. Tsmc down one percent. Affirm a firm's at 12 bucks. it's kind of interesting. Uh, what does that put their valuation at Now a firm stock that puts them at 3.6 bill. It's pretty high uh for uh for the level of uncertainty. but it'd be interesting to see how I gotta look at how close they are to profitability I Want to say we're still about a year away? uh Airbnb rotating down under 95 Uh Airbnb I'm very skeptical that more people are going to resort to room rentals and somehow that's going to lead to this. this real takeoff of of Airbnb revenues. Uh, that's that's something that their CEO and such suggest. I'm very skeptical of that. So um, we'll look into that a little bit. Uh I wanna I Wanna ask you all here? uh in chat members can you type in uh, like PP colon and then a stock? Just tell me what company do you think has pricing power that you want Kevin to maybe do a fundamental analysis on? Uh, not not right now. but you know, something for maybe a future video or something like that. Just leave me a comment. just a PP colon and then your ticker symbol. uh, be interesting. So uh, any hope for Cloudflare? Yeah actually I I Cloudflare I actually do have some hope for it is getting harder to sell uh, corporate subscription Services right now? uh, that is that is a risk and I do worry slightly about their ability to maintain pricing power. Uh, so that that is a concern that I have Overstock pricing power Really? Ah, Interesting. Okay, yeah. Trade Desk come on man, you, you know that's already on my list. Lulu's got great pricing power. That's a great one that's great. ASMR Okay, MP MP material Commodities Are tough to argue they have pricing power but uh, some of them do you know I mean they're one of the the few rare Earth mineral miners here like ATZ Okay, thank you for these uh suggestions here. So um, Data Dog really good year? Hmm. Tea dog interesting Funko Oh my gosh Chipotle yeah chpt no that's charge Point damn it. What? Chipotle's got a weird one I don't know I don't know whether Ticker is? um, all right. cool. So let me take a look here and see what else. Let's listen to this. actually for a moment you know, what kind of criminal liability does he have? What kind of civil liability does he have? You know he is going to be dealing with this personally for years too, that's for sure even. Javers Uh, remarkable ongoing story. Appreciate that we got some breaking news on PMI With that, let's get to Rick Santelli Rick Yes I Love that sound preliminary reads which means in a couple weeks they will change s p Global PMI For manufacturing 47.6 47.6 that would be the lowest level going back to May of 2020.. if we look at the services PMI 46.1 if that stuck, could be the lowest since August when it was 43.7 that was lower since May of 2020. and finally the composite PMI expected to be 48 46.3 so we missed on all of them. 46.3 is the weakest since August at 44.6 and that was the weakest since May of 2020..

so the Pmis from Manufacturing Services all are weaker than expected. very similar to Europe's numbers today and Squawk on the street will return after a short break. All right. Hey, uh so um, seriously, if uh, if you're a course member, fill out the form I'd love to see you on the floor of the New York Stock Exchange If you're not a course member and maybe you're around New York City December 9th. We're gonna do a meet up December 9th for probably 30ish p.m like after the bell ringing. Uh, right outside of the New York Stock Exchange Uh, love to see you there! If you, uh, use the Black Friday coupon code and you join any of the programs on building your wealth, you can, uh, access the sign up form and uh, we're gonna invite about 125. that's actually a lot of people about 125 to the floor uh to join us for the bell ringing. We're very, very excited to have you and um, yeah folks, that's uh, that's it for our Market open Live Make sure you come back for the closing bell today. Uh, and of course my live stream for the minute. So I'll be streaming both. Uh, you might not get all of the notifications by the way, because when I live stream YouTube starts like sending fewer percentages of notifications. Uh, that's why a lot of creators actually don't live stream And what I would recommend is if you want all of the notifications, download the Meet Kevin app. you just go to your Android or Apple App Store You just type in meet Kevin and you can actually download that app and you'll get a hundred percent of the notifications if you want or or you could. You know it's cool. We're going to be adding free research at some point in the future once Apple actually approves our submission Apple's giving us a little hard time. Somebody over at Apple App Store can get this darn thing approved I'd be forever grateful because I'm trying to start publishing free research uh through that app. Uh, once we get that approval and so I'm very excited about that so that'll be another reason to have the app anyway. Thanks so much for being here! Gotta go to the course member live stream and make a new cup of coffee. See you soon.