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Wall Street Oasis

Boeing's Dramatic Weekend: Big Deals and Legal Battles Unfold | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 2 July 2024

⏱️ 20 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, Babes? Hope everybody is doing well and welcome back to another edition of the Daily Peels video stream slash podcast for the day.

0:14.2

My name is, of course, David. It is currently 737 p.m. on this beautiful. That's actually a great time for what we're going to be talking about

0:21.3

in a minute with the Boeing 737 maxes because we get a whole lot of news there. But it is a beautiful

0:26.7

Monday evening here at the Daily Peel Global headquarters Monday, July 1st. So welcome back to the most

0:32.5

American month in history. Hope everybody's ready for the single best holiday in the entire world

0:37.3

on Thursday of this week. Hopefully you got Friday off work, but even if you didn't, we'll see you there. So definitely stay tuned for all of that and more. We got a lot to cover here today, but first and foremost, of course, let's talk about the WSO Alpha portfolio. So we're up about 43 basis points for the session here today. Tesla absolutely killing it up over 6% for the session. We'll talk about that in just a quick second. Snowflake also helped out big time. So some positive news going for WSO Alpha. We did outperform the S&P 500, which was up 27 basis points for the day, underperform the NASDAQ, up 83 basis points. Somebody's got to check the NASDAQ for taking

1:11.6

PEDs. I don't know how exactly this happened, but it was a good day for big tech. So maybe they

1:16.1

were just right place, right time. Either way, we won't hate today. Instead, we'll just, you know,

1:20.8

call for the regulatory agencies to check them for performance enhancing drugs.

1:25.7

All right. Speaking of performance enhancing drugs, actually, I am wearing my Boston Celtics

1:29.3

jersey here today because a new NBA record has just been signed with Jason Tatum signing the

1:34.8

official largest contract in NBA history.

1:37.1

Congrats to our bobblehead boy over here.

1:39.3

He actually just replaced or dethroned his partner in crime, Jalen Brown, for the biggest

1:43.6

contract in NBA history.

1:45.4

Brown had it as of last year $300 million. Tatum just said it for $314 million or about

1:51.5

$63 million, I believe it is over the next about five years or so. So hey, good for him.

1:56.5

Well deserved. Let's go ahead and get into the news that you guys are actually here for today.

2:00.4

So starting off with the banana bits, guys are actually here for today. So,

2:07.0

starting off with the banana bits, we saw Treasury yields start rising. Notably, the timing was a little bit strange following the presidential debate that was an absolute disaster on Thursday.

2:12.0

So Treasury yields started to spike once again. Bond markets could be getting a little bit concerned

2:15.6

at another Trump presidency, so definitely be aware for all of that stuff.

...

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