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Wall Street Oasis

Amazon Earnings Disappoint Investors | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 5 August 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

WSO Weekly Wrapup - ⁠⁠Sign Up for the Newsletter Here⁠⁠ The Daily Peel - Sign Up Here Join our Discord - Sign Up Here

Transcript

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0:00.0

What's up, Apes? Welcome back to the Daily Peel's Daily Podcasts, Daily Podcasts,

0:10.0

of the Day. Everybody make sure to go take the daily poll in our daily peel, and in the meantime,

0:15.5

make sure you're getting in your daily protein. Thank you guys for joining us once again.

0:19.4

I know it has been a while since we had the

0:21.1

Daily Peel video stream slash podcast of the day. We had a couple of interims there. I was out fucking around in Zion National Park for a couple of days. And then over the past week, you know, literally the busiest news week of the entire year so far, I was dumb enough to be busy closing on a house. So I wasn't able to be here talking to you guys every day wasn't at my usual workstation i relocated from the daily

0:41.2

people global I was dumb enough to be busy closing on a house, so I wasn't able to be here talking to you guys every day.

0:38.5

Wasn't at my usual workstation. I relocated from the Daily Peel Global Headquarters for a couple of days there to the new or future Daily Peel Global Headquarters.

0:46.0

So we'll have a new setup in about a month or so, maybe a little bit less.

0:49.9

We'll see on exactly how the timing goes for the move in.

0:52.5

But nonetheless, we have a whole lot to talk about some of the timing goes for the moving. But nonetheless, we have a whole lot to

0:54.3

talk about some of the worst days for the market. This year, in a couple of years over the past week

0:59.0

or so, guys, first and foremost, let me just say, this is completely normal. To have a 2% correction,

1:03.7

2 or 3% correction is completely normal. What was weird was that we had made it into, you know,

1:09.3

just about August of 2024 without having a

1:12.5

two or three percent daily pullback. That is extremely anomalous from a historical perspective.

1:17.1

So what we're actually experiencing over the past couple of days is more of a normalization

1:21.4

for the year. So if anything, it kind of makes me feel a little bit better. But we'll talk

1:25.2

about exactly why in the ensuing minutes that I'm yapping

1:28.2

with you guys on here, we got a big one for you today. So July's jobs report, that shit was an absolute

1:34.1

disaster. And that is just the starting point from a weakening labor market in terms of job creation,

1:39.6

lower job growth, falling yields. We're going to talk about all of that. And then we're going to get

1:43.3

into some of the biggest stock movers of the session as well. DoorDash absolutely crushed it on earnings while Trump Media and Technology Group, the most innovative company of the century so far, came out with yet another innovation. I don't know how they keep doing it, but you guys are going to have your minds absolutely blown out of the water. We also saw an absolute humiliating day from Snapchat and Intel.

...

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