Hey everyone welcome back to another market, open, live stream. We today uh for something very unexpected that happened and it has to do with the jobs report. We were expecting thanks to the adp private payrolls that came out on wednesday to see jobs come in at a big beat, which would have solidified the taper for the beginning of november, and uh would have probably let that taper end somewhere around uh the summer. Potentially early fall of next year, uh well uh, the private jobs report on wednesday came in uh, stronger than expected and uh.

When it came to the actual jobs report, we actually missed uh, and this this was uh. This was a little bit of a shocker, so let's go ahead and uh pull up uh the actual jobs report here, uh in the unemployment rate uh. Let's see here, uh wait, i'm sorry um hold on a second, my bad, oh hold on a sec. I'm i'm reading uh, i'm such an idiot, sorry folks, i'm such an idiot um.

We only had the claims that came in this morning. I'm sorry. I totally misread that. I thought today was friday morning.

I'm like wait a minute. Usually i wake up for the jobs report. I totally totally misread this. My bad, i'm like oh, my gosh, are we missing like? No? No, i've got totally the wrong report.

My fault, i totally thought today was friday and it is not, and i'm like how come it's not here, sorry, never mind that uh but um, let's uh uh, let's get into uh, let's get into what is actually a very green uh day. Let's go ahead and pull up the indices. Uh! Let's see here, yeah, look at this uh see and it to me it just it made sense. It made okay! Well, hey whatever we'll just use this as our primer for tomorrow.

It made sense to me uh, because the indices are doing really well uh. The dow is up 0.93, the s p is up 0.98 and the nasdaq futures are up 0. 1.15. So it made sense because if we miss - and this is just a primer for uh for tomorrow uh if we miss on jobs uh tomorrow - then what that means is uh.

We might actually have this crazy reality where we could have uh stocks, essentially acting like they're. Going to the moon and in some cases going to the moon, uh commodities go into the moon and uh and potentially not actually uh have a taper in november. If we miss on the jobs report, that's why, when i read the numbers, they were so freaking similar to what we were expecting for uh for jobs, the unemployment claims numbers, i'm like oh duh, it's thursday, but anyway uh tomorrow morning, uh, which i'll all be up For uh, i usually like to cover cpi in the jobs report live, so i was thinking like why i didn't wake up early anyway. Uh the jobs report comes out tomorrow at 5 30 a.m.

Pacific time, that's 8, 30 a.m. Eastern time and uh we'll get to see what what jobs come in at and uh. The payroll numbers on wednesday uh, which is the private jobs report, comes out two days before they were actually uh. They came in good uh.

They came in uh much stronger than expected and that's leading a lot of folks to think we're going to beat uh on uh the jobs report tomorrow and the unemployment rate is going to fall nicely, which makes sense. It does make sense that unemployment numbers should come in really good tomorrow, that we we should have a beat, and the reason that makes sense is because the uh unemployment unemployment insurance payments, the federal boost, expired at the beginning of september delta fears kind of started disappearing In september and they usually tally up the survey for the jobs report somewhere around the third week of september, and so we should have had enough time to really see people get jobs, uh and get into uh really get into the workforce. So i think the expectation is tomorrow we're going to see the unemployment rate fall and we're going to solidify the taper. What we would actually happen today was just unemployment claims came in lower, and so this is something that happens every thursday.

Every thursday we find out how many new filers we have who are requesting unemployment insurance, and this number has been falling pretty dramatically since uh. Well, since really probably i want to say april may, of of last year, we've been seeing this number come down, although there have been some cases like during the coveted winter we had last year, where the numbers started going up, immunity in some cases with people who Were self-employed, we were seeing the number come in at 1.4: 1.5 million people, new filers for unemployment, pretty incredible, and now the latest reading here is: let's see here it's on the top of uh bloomberg. Let's pull it together. Here, jobless claims i'll fall more than expected and signs of labor market improvement.

I think i know what happened. I think i saw a jp morgan analyst, that's what it was uh. So i read analysts in the morning and i just totally misread this one analyst who who is talking about if we miss and uh yeah, if we miss it'll, be a very uh, very interesting, uh uh situation, because the federal reserve will be in the situation where It's like wait a minute like how are we gon na keep printing money when the market's doing so well? Who knows they might taper anyway, but uh? Another good jobs report is what some of the fed presidents have said. Uh would be a condition uh to make sure to like solidify, essentially that yeah we're going to start the taper, so uh i'll pull up the estimate for tomorrow.

Let's see here so tomorrow: economic calendars, okay, so tomorrow is the eighth uh non-farm payroll. So the prior report came in at a big miss at 235, 000 jobs and uh at 235 000. We we had a big miss last month and we are expecting 500 000 for uh for this jobs, report 500 000 new jobs and that would drop the unemployment rate from 5.2 to 5.1 percent and we're also expecting to see average hourly earnings increase by a rate Of about 0.4 percent, which is about uh? What is that 0.4 times? Twelve? What uh four point: eight yeah four point: eight percent uh annualized sort of inflation, uh for labor, uh and uh. Just so, you can see how how eerily similar the numbers are.

Starting to align, if you got if we're over here at 348 000, let's see initial claims in the regular uh programs. Total 326 000 in the week ended october, 2nd decrease of 38 000. For the prior week. Median estimate for survey uh for economists called for a decrease to 348 estimates, so here is actually a case where we were expecting to have 348 000 claims coming.

We actually ended up having 326. 000 claims come in and they're calling this a uh pandemic low. In continuing claims falling to 2.7, so you've got continuing claims and new filers for unemployment, and we get this data every week on thursday, it's not as big of a deal as the jobs report, which uh comes out once a month, and this one's also delayed a Week, because uh friday was actually the first day of the month and when usually when a friday falls on the first day of the month, they kick the jobs report to the second friday of the month, so uh, okay, good so uh bottom line, though, is the Stock market is loving what they're, seeing uh in the economy right now and and uh indices are all nicely green and uh volatility's down. We do have the uh 10-year moving up slightly to 1.5 almost 1.56 here all right.

Let's see, let's go ahead and pull up uh, weebs and uh see what we've got and we'll look at some other headlines as well. All right, good morning, good morning, monday morning, okie dokie here people buying that dip on camber take a look folks, camber energy uh, big momentum, mover that was down 50 percent, then down 40 percent uh yesterday is now up 35. Now, in fairness, that 35 does not offset that uh that 40 percent, even if it was down 40 and up 40 percent, it wouldn't be that great because check it out. Let's say you have a five dollar stock and you go down by 50 percent.

Then you go down by 40 percent uh now you're at a dollar: oh my gosh, from five dollars. If you lose 50 percent and then 40 percent you're down to a dollar. But then you go up by 36 percent you're back to a buck 36 like um, and the actual number is it's at a buck 22. but uh like a 36 percent gain after a 50 and 40 percent loss is still uh down uh, so you're still down 72.8 percent - that's nuts yeah! That's that's painful! There! All right, uh rocket lab up uh 7.7 red fin up 6.41.

All of a sudden, i wonder if there's actually usually redfin doesn't move that high just off of uh. Nothing! Let's see here. Let's look at some individual company news quickly here, so there's actually no news today, other than redfin reports, price growth slows and wildfires struck towns that makes sense. Redfin reports, homebuyers average monthly mortgage payment, rose fifty dollars in the last six weeks.

Okay, no news! That's incredible! Uh six point four one percent there, so somebody must be dip buying redfin here anyway, arcimoto's up six point, two four much easier to move: um archimoto, usually than this redfin uh neo. Oh neo up five point: two: six percent nice uh dd global's up a little bit; leono uh, hey the chinese uh autos are up x, bang's up 3.2 workhorse uh poshmark leotto square xlfleet; these guys all up about uh two and a half to three percent. Here. Newegg plug power, here's end phase at 223, lucid pinterest, dutch bros, lemonade lemonade, still lagging a little bit.

The insurtech side really lagging a little bit. Uh we've got owlette that was up 5.1. Yesterday is down 255 right. Now, it's actually out of our list.

The worst performing one yeah we've only got about a page of red tiny little bit more than a page of red today, wow, that's incredible! A firm 2.02 percent uh to the downside after yesterday's 20 run there's hippo again insurance for some reason, just not loving that the market right now, coinbase uh down point uh three, eight percent, which reminds me how's uh, like btc doing, let's see btc bitcoin just under 54 000 you've got cheap uh. I like to call it cents, it's obviously not, but sitting at about 34. uh, you have cardano. Almost back to 330.

Wow ran up to 337. Look at that bounce, that's incredible! We have this resistance line drawn over here at uh 238 and look at it just bounce, essentially right off of that here at 237.7. That's incredible! Hmm all right uh! So give us a little check here on what some of these uh uh indicators are. Let's go ahead and take a look at uh the deal here for the debt limit senate poised to pull nation back from default brink for now.

Yes, let's kick the can down the road uh all right, uh twitch leak on amazon yeah. It doesn't actually surprise me. Uh but anyway, that uh amazon wouldn't get affected amazon's so mega large. I wonder what percent of revenue uh twitch? Let's, let's see, twitch revenue, twitch hack, reveals how much revenue, no that's streamers, make i'd like to know how much like the company itself actually makes.

Twitch revenue and statistics, the business of apps, okay, that's interesting: let's see here, amazon made a billion dollar offer. Traffic continues to grow key statistics. Wow twitch made 2.3 billion dollars in revenue in 2020. That's incredible! But let's go to amazon filings annual.

Let's see here, i guess i could just steal one of these. Let's do a i don't know. Give me a quarter. Can i get a quarterly from july sure so, amazon in terms of revenue in 2021, in just three months, did 113 billion dollars of revenue.

That's insane so in just three months, amazon did uh basically 50x, what uh twitch does in a year. So, if you're wondering why the twitch leak didn't affect amazon stock, that that could potentially be why it really doesn't matter uh, although you wonder how much they can bring to net on that, because uh twitch is going to be a lot higher margin of a product Than uh than the product sales, which are uh, see cost of sales, uh are substantially higher for uh. You know like an amazon warehouse or whatever. In fact, those are often operated at a loss so and then, of course, on your services, you're, usually going to have a much higher margin.

Okay, so um - oh, did i say 3 30 on 8 of my bad 2 30.. It's just one of those mornings, you're just gon na have to roll with it. You know everybody's got to have one one day, but the good news is, i do have diamond hand coffee here. It's a perfect temperature.

All right can't be too hot. See i like you know people sometimes have people like how could you not have it right when it comes out of the coffee machine? Well, if you don't add creamer and it's just black, it's really hot uh, all right, so uh all right. What else do we have? I mean there's honestly not that much happening in uh in stocks themselves, with the exception of camber here at least the ones that we're watching here uh. You know tesla's been dancing around 780 for a while here and uh just been sticking here.

We did run up to 806 there a couple days ago, that was fun um, so we're still on our beautiful trend line, how's uh trade desk. Doing today, let's see here trade desk. I tried this up a couple percent. It's still it's been on this channel downtrend, so i've been watching that for some dip, ops, uh went to dave buster's yesterday, how's dave, buster's, doing dave and buster's is um up about 0.53 percent alibaba.

Okay, let's look for some other news. Let's see what else we have here: uh, oh yeah, so we're going to look at uh the senate deal that's right, so the senate is nearing a deal on a short-term increase in the debt ceiling that would pull the u.s from the brink yep. After weeks of stalled talks, democrats appear to be on the verge of accepting a proposal from republican leader mcconnell to raise the debt limit. We're making good progress, says schumer hope to have an agreement tomorrow morning he said uh last night.

No, i'm sorry uh. I hope to have an agreement tomorrow morning. He said that this morning, okay mcconnell said earlier. The two parties were trading paper on the specifics of the agreement.

Senate comes back to session. In about 40 minutes, news of possible debt ceiling accords stoked the biggest turnaround in the equity markets in more than seven months. That's right since february, our s, p, uh totally flipped s p closed up 0.4 after tumbling earlier yeah i was. I was surprised how much the market really flipped on the debt ceiling.

It was to me, i mean i didn't actually think we would get anywhere close uh to uh. You know to defaulting on our obligations but uh. Apparently, the market thought that was a real possibility, which i always think is funny, because the congress and and brinksmanship is like super common and not a surprise. Apple plan for cars uses iphone to control ac seats and radio.

Huh ac, like you, can have like two iphones, where your thumbs are um robinhoodrivalpublic.com pushes into crypto trading. Hey, have you gotten your up to free 70 with public.com, yet make sure to go to public.com or go to met kevin.com public or you can go to public.com meet kevin either way, but uh, it's metcalfe.com public same place and uh you can get up to 70. In totally free stocks, by signing up for public, where they don't buy or sell your information and they don't use payment for order flow, the investing platform operating by public holdings is rolling out. Crypto trading joining rivals like robin hood.

The move marks an expansion for public.com, which launched in 2019, previously individual investors who use the platform could only trade us listed in stocks and exchange traded funds. Unlike competitors, including robin hood, the company doesn't allow options or margin trading trading. Two strategies considered more risky for investors starting thursday. That's today, public will begin gradually launching launching the offering to most users, who will be able to buy and hold and sell.

Tell a 10 cryptocurrencies, including bitcoin the bloomberg currency. Uh terminal literally says this joke cryptocurrency, dogecoin and cardano's a token new york residents are currently eligible to trade. The digital assets, yeah servicing partner, doesn't have the required license. Yeah no kidding, okay, interesting, i'm gon na see.

If uh we have it yeah fear fear is going away. That is right. So let's try. Let's go to public.com and let's see if we have uh, we have ourselves some uh crypto trading yet get a free stock.

Oh yeah, okay, uh, let's see here, oh nope, not yet for me, i'm gon na type. Let me wait. Let me see if i just type in bitcoin or btc btc. Oh bitcoin! Wait a minute wait! Oh now, you have to join oh you're on the wait list.

Oh okay, nope nope. Not yet for me, i don't! Actually. I don't think anybody yet because it just see here. It just says people a bunch of people added it to their watch list.

So it must be rolling out at some point today see added bitcoin to watchlist. Ooh bitcoin is coming volatility reminder! Oh yes, just as a reminder, though folks cryptocurrencies can be volatile, it should literally say are volatile, like they should, just, let's be real, all right. All right, so, let's go back all right public has oh, maybe i need to update the app oh, that that could be true i'll. Try it.

You never know it's that public.com app not to be confused with public storage, no uh, no update. Yet so! Oh wait! No, it does have an update, okay, we'll try it that's so weird, it didn't say it and then all of a sudden it appeared, am i still holding a firm, of course lots of affirm now firm's a huddle for me. Uh i've no plans to sell it. Uh, certainly not before this holiday season, i don't know even if doing, but i think this holiday season is going to be the buy now pay later treasury secretary mnuchin, the ex-secretary says the fed has to taper got ta love hearing from the ex-treasury secretary, steve mnuchin, Who uh took that 300 000 ride to the middle east, with the secret service and then uh? You know, seven months after leaving office started a fund getting billions of dollars from the middle east to manage wow.

Who would think you become the treasury secretary and then right after that, you become set for life with uh with speaking fees and a fund? Oh well, all right, so traders hold breath as china markets reopen after holiday. Oh, is that true, let's see, does that mean uh evergreen's up again, let's see dot, hk no chart no evergreen's. Still not trading they're still suspended yeah all right, so not yet. On evergreen, i always find them a little bit of a to be a little bit of an indicator.

Let's look at the 10-year treasure. Let's see here sitting at 1.56, now slight uh slight bump here yeah today, we've had a little bit of a bump. Oh look at that. We fell as low as what is this 1.48 yeah 1.48 yesterday, all right.

So what else chamber rocket archimoto neo xbang these guys are all doing great right now, vehicles popping off and downside still the same thing couple percent, but not much down the firm's recovering a little bit was down about two percent. Now it's only down 1.3 percent and uh cardano's sitting at 2, 30. bitcoin back to 54., we're going to make sure we put sheep next to doge on the watch list. There we go 34..

I call it sense, but we all know it's not anyway, all right. How do i feel about lemonade uh? I think if you bought in at 63, i think that's great! That's 64. had a nice little downtrend here. I think it's great sophie 1662., i'm very curious to see how this market opens and there's fear is clearly evaporating.

You do still have the jobs report tomorrow and uh inflation coming up next wednesday. So, ah all right, let's see here all right. We are now two minutes 35 seconds away. We talked about public launching the crypto platform.

Let's see cia zeros in on beijing by creating china focused mission center. I want to go to the cia's china focus mission center. I want to go to caas any kind of mission center that that would be cool. Doubt.

That's ever going to happen. Reply, crocked tariffs. No, it's like no news. What is it this heart damage? Racks, covets survivors? Really, let's see here heart damage a year.

Wow heart damage from covid19 extends well beyond the disease's initial stages. According to a study that found even people who were never sick enough to need. Hospitalization are in danger of developing heart failure and deadly blood clots a year later, heart disease and stroke are already the leading cause of death worldwide. The increased likelihood of lethal heart complication in kovic complications and covet survivors, who number in the hundreds of millions globally, will add to its devastation.

Yikes, the after effects of coven 19 are substantial, says the director of uh, the va in missouri who led the research i'm concerned we're not taking it seriously enough chances of a heart attack, stroke or other major cardiovascular event in the first 12 months of a covet Recovery increase with the severity of the initial illness, compare the risk of heart complications and 151 000 veterans who survived covet to the risk in more than 3.6 million other peers who didn't and they found that non-hospitalized covert patients had a 39 increased risk of developing heart Failure and a 2.2 fold increase in potentially deadly blood, clot known as a pulmonary embolism in the following year. That's terrible gosh uh and if you were hospitalized, that number went up even more 270 percent chance of heart failure: 177 percent increase of stroke, uh 522 increase. If heart failure, if you went into the icu yikes all right, let's get the bill. Real-Time exchange pretty much the inverse picture on breath.

As of yesterday at the big board, it's lifetime fitness celebrating an ipo all right. Let's see how we're doing on that s. P. 500 uh s p 500.

Some volume here looks like it's dancing around, we'll see how it actually does uh somebody's wondering for the source on this. It's a bloomberg article uh. There you go, you could search there. It is nine hours ago, heart damage, plagues, coveted survivors a year after infection study shows it's very interesting, especially the chart.

They have right here. Look at this chart. This right here shows you even having. If you were, if you were hospitalized, i'm sorry if you were not hospitalized the charts, a little funky with the zoom here.

But if you are not hospitalized, you still had a 24 chance of having a greater chance of a stroke, 39 greater chance of heart failure. Uh 119 percent chance a greater chance of pulmonary embolisms or this myocarditis or whatever 277. It's it's crazy anyway, uh, okay, let's see how things are doing so s: p: 500, rotating to the upside tesla rotating. To the downside, hood rotating to the downside, wind downside, lucid downside matter, poor downside, wayfair kind of dancing, yeah bobbing around a little bit here, etsy 0.96 pound here kind of also rotating down.

It's not like the strongest open, um yeah, it's okay. We've got uh yeah neo 5.64 how's that neo's got a nice green open here. What, if we're gon na get a green run on neo here, expi n phase end phase almost three percent nice, almost back to 160 finally square. I can't believe square went from like 220 dollars this week to uh 245..

What did we buy it, for we did that one live. Let's see here, gosh. That was the first time i bought square in a long time. It's been a while square square square square square.

Did i buy it here, amd and phase matter, for maybe it was on weeble. Probably i have no idea it doesn't really matter either, but now i want to know um, okay, what else piton back to 85? Hey back to 85 on piton, okay up work, upwork's been moving up as well. Here, let's see up work for a moment. Oh yeah.

Here it is 200 shares of square 226, 23 uh upstart or not upstart um up work, upwork almost back to uh. This resistance line that we have drawn at about 51.94 see if it ends up breaking through that up start back to 320.. I mean this is literally the stock. You cannot stop.

I personally think that's going to be a firm again could be wrong. Uh could be wrong, but so far our firm's been doing great and uh yeah. I got a nice position in a firm so to the downside. It's really just the volatility's, the largest mover to the downside, i'll.

Let's down up measly 1.23 big deal, uh tilray moderna. These guys, down a little bit more than a couple percent boring uh, even hippos, were covering a little bit a firm's going to go positive here. Oh yeah affirms, and i keeps running away from me. Let's see where it is the firm going to the minute.

Oh yeah, now firm's gon na be positive. Soon, that's just crazy: 134 wow wow wow anyway, uh camber, 34, okay, cool! Let's go ahead and look at some other headlines here so uh. Let's see we talked about the heart damage, one, that's pretty scary, uh all right! Next steps for democrat now why u.s growth won't fall off a cliff, that's an interesting headline in 2022. I hope that i'm not clicking on it for like a confirmation.

Bias purpose is to just be aware of that. It's under bloomberg opinion. Can i get the cliff article nope see they're trying to hide it. They only want to show flood uh.

Why u.s growth won't fall off a fiscal, oh fiscal, cliff all right! This is going to come up all right, fine i'll, just click on it here hold on just quickly. Look at it! Oh, that's why? Okay all right, never mind so they're not going to show it here, but anyway uh the us stop here. Let me just put: i just want to have the spy up. I just kind of want to see how it does.

Oh wow, it's doing great okay, uh, bloomberg, economics, stop and go us. Recovery continues to defy straightforward. Uh forecast defy not d5. Oh man, it's it's! A thursday morning, okay uh, i don't know what else to say, uh stop and go us recovery continues to defy straightforward forecast with another coveted wave, halting robust consumer spending.

Really, where are we getting another covered? Wave delta halted consumption in q3 at the beginning of the summer consumer spending, the spending looked poised to continue its strong recovery. The delta variant halted this momentum well, but that was like in august, yes and consumer confidence and sentiment slid in august sure, but we expect that to come back so not so worried about that. We're treating pandemic and household balance sheet will support. Retreating pandemic and strong household balance sheet will support consumption in 2022..

Depleted inventories and higher prices mean strong incentives for firms to build up stock fiscal taper as pandemic support fades is not as daunting as it seems with consumption and incentives set to grow. If some version of biden's infrastructure package passes congress, we expect that would provide additional support and funding, though that'll be spread over the years. Unlike the prior packages revised up our cpi forecasts well above two percent now expected well through 2023. Ah, it's that longer lasting inflation.

Oil oil to benefit from global energy crisis, okay rig counts below what oil prices would predict. Yeah. What's that that's u.s price per barrel rig count yeah, i think we're like just over 500 rigs. It's actually interesting.

We used to uh in march of 2014, for example, have almost 1600 rigs operating and we're just that we're down to about 500 ish operating, which is similar to a low that we saw in march of 2016 and uh higher than what we saw in uh. During the recession of march of 09 march of 09, we were down like 200 rigs, that's insane wow, but then again that was also you know, recession. What are your thoughts on open door? Kathy's been selling not much. I prefer redfin out of all the eye.

Buyers. Uh, maybe gear merck shares before winter covet cases rise. You know, that's not a bad idea. Um.

Maybe too much of me is like hopeful that we're not going to have a coveted winter, because i really want to go skiing in utah this year and i won't be able to go if we have a covered winter like. I really want to go and i want to take jack and max like jack six, it's time to get on some skis boy and max is three: he could do it so uh yeah there better, not be any covet this winter. So i i don't know if i want to invest in that because, like personally i'm just like stubborn, like kovitz going away but hey look yeah i mean if, if we start seeing a rotation yeah, i think merk will probably move nicely uh. I yeah honestly.

I think that to me it's very interesting uh and i think when they get emergency use authorization for that merc pill, the stock's going to do great, but we'll see x, ping, lyoto, alibaba, up uh, yeah, look at the chinese sectors just moving. Next: bang alibaba neo, leotta, jd yeah and i'm playing remember i'm playing the chinese markets not with alibaba but with neo neo's. My choice, uh for for really playing the chinese market and recovery all right, nice square, moving again matterport up 3.55 percent end phase 3.15 etsy nordstrom, most things just green blue apron's, going down. Uh firm, went back down to about that 142 loss there.

Let's see spy. Well, s p 500 still going it's that train that won't stop amc short percentage all-time high. Is that true? I can look at it. Let me see it all right, so we could go to ortex over here, and here we could go to the app portal.

We should short cove it until it goes bankrupt and disappear. Is that how well um, i can't think of what to say, see how that worked out for uh for citadel. I'm ended up getting squeezed uh. Let's see all right, let's get low.

Okay, i've got the s3 partners one up as well. Let me pull amc in both ortex and uh bloomberg, all right, so amc there. We go all right: amc showing at uh, 20.83 short you're right. Yeah people are starting to short.

This more again, the uh we've been relatively flat. The last month, though 18.6 is the uh expected or short interest on uh s3 partners. However, we did have an inflection point around the beginning of august and that's when the short interest started really going up again. It went up from somewhere around 15 16 to now really sitting between this 18 and 19 bracket share utilizations, going up short interest, going up all right see what happens, how is amc doing right now? Oh s, p.

Turning slightly red uh amc, uh, two percent just popping above the 37 42 uh, now support line lemonade moving up a little bit. Oh camber camber's trying to come back. It's so sad that they're going to be a lot of folks who are like oh camber, was down 50 or 40 yesterday and 50 the day before that, but it's up 50 today. So that's good right, yeah! No, no you're still way down still way down.

It's at that percent loss such a bird all right. What else wall street journal? Let's try the wall street journal uh short interest on. Why rd? I don't even know what that is. I'm gon na type it in just because i'm curious why rd uh! Why are these point? One nine percent, not short at all pfizer asks fda to authorize vaccine in children, five to eleven good see when we get those approvals for kids and parents who want them.

Stocks rise after debt limit extension proposal. Facebook slows new products to examine possible impact. Okay, um saw this federal judge blocks the texas abortion law. I don't know how much that really has to do with finance, though i i mean i guess you can't go bounty hunting anymore.

For now that was kind of crazy. The bounty hunting part uh public.com is getting a lot of press for their uh crypto launch it's kind of surprising, but it's a sign. People, love public, remember, go to metcalf.com public sign up and get up to seventy dollars in free stock, um, jeez, quiet quiet day. I mean it's good.

I think that's kind of just what's leading the market to just take up. That's camber! That's the s! P yeah! Starting to move again, oh good job, adding a firm, that's awesome, yeah! I think it might be down tiny little bit right now. It's only down point: eight: nine percent yeah, it's nothing! Still like 132. bitcoin sitting, around 54 000.

did run up to almost almost 56. dave and buster's just turned red. No, so fine pounds here, hmm, oh matterport's, up for matterport's running a little bit here. That's exciting square 3.2! End phase! Oh! Where was that yesterday, um was that a uh sushi place shout out to sumo sushi yesterday and uh they uh they used toast.

I thought it was cool uh, they uh. They handed uh handed me the little checkout computer, thingy and uh yeah, because that's obviously what it's called the checkout computer thingy, but anyway um. They handed it to me and uh at the bottom. It said powered by toast and i'm like yeah, it's still very expensive, but i thought it was very, very interesting.

Rivian, that's another one. We got ta talk about not now, but i'll make a video on it. That's that one's crazy, that's gon na be a very interesting ipo. Now we use toast as well it's quite great yeah.

It was pretty easy. I had to add that 69 tip all right. Okay, what else is sheep gon na run? I mean it's. It's certainly ticking up.

Let's see this is the minute chart a little more messy but uh. Let's see here yeah yesterday we we bounced off of 34.98 on sheave and uh. Now we just bounced off of 35 40., so slow. It's really trying to break through this area is my estimate and uh once it breaks through that 34 8.

35. 3 to be interesting, good catalyst, hopefully for all the sheep investors, all right, cardano, neo, neo, six percent! Now nice. It's a good gain here on the chinese stocks. It's the evergrand uh evaporating crisis.

It's getting folks excited here. Look at that even alibaba, very nice uh at exp at exp university. Yesterday they had a real estate team building seminar with crypto got into ubiquity and smart escrow nice to see it in the workplace. Oh that's, pretty cool! That's great! Uh firm, no way affirms green again.

Really! Oh wow! That's crazy! Uh toast, as a social r play really it's interesting, neo upgraded to buy by goldman sachs due to the et7. Is that true? I see, and i don't doubt you, but i want to see it myself, individual. You know it is interesting. The uh news for you tab uh on uh on twitter, because rarely but maybe like twice a week, two or three times a week, they'll send like a notification uh of a news piece from twitter beyond, just like other people's tweets right.

It's like an official news. Tweet and i'll tell you it's always more left-leaning stuff, um, but that doesn't surprise me for twitter, anyway, okay, uh, so where's. This neo price target announced at goldman sachs 56 dollars a share. Neo jumps after goldman upgrade to buy ooh fascinating.

That's a 60 upside wow uh, let's see yo neo race to buy from neutral, oh barons is covering it. Oh well, barons is covering it. We could let's go look at it. Ah, it's a short story.

Let me see if i can find it no do. I request the news, or are you talking about something else? No, you don't request it. It just just gives it to you. I always think it's kind of annoying because it shows up as if it's like, like a mention notification, and it's not it's just their stupid news, feed anyway barons yeah.

Look at that here we go. Neostock is jumping because goldman sachs says it could jump 66. Let's go, i mean 33 bucks or whatever the thing's at now. I think it might be 35 now yeah, 35, 19, and now it's turning a little slightly red again uh.

It's still up four point: four percent of the day, but to me it's just one of the ones you want to play as a coveted recovery, uh and and just china drama recovery here, not so much a code recovery, more china drama recovery, but anywho uh, evmaker Neo has been uh stuck for much of 2021, but new ev models are coming soon and they could be the catalyst the stock needs to rise higher on thursday goldman sachs analyst upgraded neo to buy from hold has a price target at 56. Applying a 66 percent gain increase sales estimates to account for the new et7 vehicle which the company previewed in january. The et7 is a sedan about the size of the tesla model s and will have up to 600 miles of range and be equipped with advanced self-driving hardware such as a lidar, oh elon. What are you gon na? Do man? What are you gon na do? Are we gon na see that ford lidar, however, after initial euphoria coming to the et7 reveal neoshares have struggled stock is down about 31 percent a year today to slump 50 percent from its 52-week high valuation appears to be the main culprit yeah.

It is a little more expensive than tesla. It's also true. Barons wrote cautiously about neo stock at the end of 2020, citing valuation in december of 2020. The stock hit 15 times forward sales estimates, but now a year of growth and stock declines have changed the valuation equation.

Neo sales have continued to grow and the chinese ev penetration is now more than 10 of new car sales in china. Wow wait is that ten percent, you know it's ev penetration right. I was gon na say like it's, not ten percent of actual vehicle penetration. It's ev penetration companies, 2021 sales should come in at about 5.6 billion up from 2 4 in 2020.

Sales in 2022 are projected to be almost twice that 9.4 and the stock valuation is much more attractive. Now, trading for five times estimated 2022 sales, more than 80 percent of analysts rate neo a buy far outpacing, the average buy ratio for stocks in the s p, 500 of 55 average price target for neo is about 60 dollars. Nice, nice go neo, it's a good one. It's a good piece there on on neo.

I'm excited about that. Let's look at the neo neo et7. They also have that rumored, like pseudo um, solid state battery. I thought that was interesting.

So here it is wow that does look model esque model s model s-esque there you go actually looks pretty good, though, and the sensors don't look that bad see this a lot of people don't like lidar, because the sensors would be too ugly, but this isn't bad. These are the cameras here, and this is the lidar. That's not bad at all. That's nice! Oh! That looks great.

Kick butt neo! Oh! That's! Nice! Wow! There's the little uh alexa of neo uh awesome! Oh, this kind of makes me want one i mean i hate buying cars, but this is great uwb digital key. Oh that's! Just the car key okay! I understand huh all right, neo service, neo house, neopower, good job neo. All right is matterport still running. It is look at that five point: seven five percent go motor port; go all right.

What else so not much volatility is down six point: two: nine percent uh i'll. Let hippo around that one point: six one point: seven percent side, not bad! If you're gon na have to have red, but otherwise everything's green, just mega green here, tesla five, eight 0.58. Okay, what else see if there's any other news news, let's see what's jim cramer, got to say how about that warren buffett did very well. Yes, he did.

Yes, he did the other um speaking of buffett. Uh thing to get you on jim is the banks, as we get closer to earnings, wolfe cuts bank of america - oh yeah bank earnings next uh next week, uh thanks for saying this. Shelly kevin totally changed my mind on cars, sold my escalade and got a used cheap good for you. I love it.

That's awesome shout out to you good for you throw that money in the market instead uh awesome, good job and uh as a reminder check out that stocks in psychology and money group linked down below that 41 on diamond hands, coupon code. Look at that see got the coffee cup to go with. It looks just like it diamond hands, wow jp morgan's at 170. Now gee whiz, that's done very well! I remember when this thing dropped to 70 during the pandemic, man.

Those were the days the days of utter fear: devastation, yes, 76, utter fear and devastation, wow goog. We just don't have that kind of fear anymore and that's why everything is just coming back, not enough fear, yeah, she's kind of evaporating too. The leftover fear that we do have so remember jobs report tomorrow, probably start earlier tomorrow, 5 30., when the report comes out, dave, buster's, lucid all right, good, good, good, okay, oh wow, you're up 60 on your lemonade and beyond call options. You've been yesterday.

Well golly. I mean it's probably short-term options. I mean if you're up 60 on a short-term option, i'd be dumping it. That's amazing, don't don't wait to take too many.

You know. Personally, it's just my opinion. Don't wait to take profits on options because you could get screwed so quickly, um, you know it could in an hour from now you could be way down. Probably not because i mean look at the look at the indices.

They've all grown here, they've gone from. Like point nine to almost all of them being up one and a quarter percent, it was just a really good day. Uh christopher says i found you march 23rd and 4th of 2020, so many deals wow. That's incredible! That's super cool! Well, thanks for being with me, sold my cool car and got a volkswagen van save the fortune on dating, don't get any more! Oh, oh man! Well, sorry, that's a good one! Oh, but i'm also sorry for you.

No all right debt ceiling discussions. Now we there's, we there's nothing, it's just it's! It's boring, i'm sorry we're out of news. Unless you want to talk about apple, using an iphone to control the ac um. Has anyone seen tethers billions low, the stable coins, the empty vault? Oh gosh, a wild search for the us dollars supposedly backing the stable coin at the center of a global cryptocurrency trade and in the crosshairs of u.s regulators and prosecutors.

In july treasury secretary, janet yellen summoned the fed and other top officials to discuss tether. The absurdity of the situation could have been lost on them, inflation was spiking, a covet starts, threatening the economic recovery and yellen wanted to talk about a digital currency dreamed up by the former child actor, who missed a penalty shot in the mighty ducks. But tether has gotten so large that it threatened to put the u.s financial system at risk. It was as if a playground, snowball fight had escalated so wildly that the joint chiefs of staff staff were being called into overt nuclear war wow.

This is uh. This is a story: oh yeah. This is a big story. I don't really want to go through a big story right now on tether.

We've we've heard enough about tether, no updates on owlette that i'm aware of, but let's look outlet, individual news really uh. Now you got here come the lawsuits which we expected this to happen. So it's not a surprise. Rosin, a leading investor rights law firm, encourages outlet, investors to inquire about a class action.

Um pomerantz law firm, investigates claims on behalf of investors. Shall law firm announces its investigating claims? Whatever, like it's uh, i guess their livelihood got to go, find uh got ta, find some pain anyway. All right come on. Is there like? There's got to be something going on here.

It's like a spy spy minute chart tonight. Just straight up: that's crazy, aydah's! At 2, 31. warby parker, oh how'd, warby parker do after their ipo yeah. Let's see well, it's kind of interrupts.

Nah 30 minute chart uh it's a little bit of a bow here, all right anyway, all right folks, i think that about does it for now i'd say uh. Thank you. So much for being here appreciate you as usual, a little bit of a slow news day and uh we'll see in the next one thanks again, bye.