What's up the Eeps? Hope everybody is having a phenomenal week so far on it. I bet you guys look super handsome today. So once again, thank you very much for joining me here on the DailyPeele's video stream of the day. My name is David. It is currently 841 p.m. on this beautiful Tuesday, May 14, 2024. Shout out to my boy, it's his birthday. And also shout out to the Boston Bruins, currently winning 2 to 1, but they are down in the series 3 to 1. So if this doesn't work out, I mean, that's basically going to be it. And my mental health on a day-to-day basis is going to be determined by this man right here, even more so than it already is. But shout out to Jason Tatum and the Boston Celtics for stealing two games out in Cleveland. Anyway, let's go ahead and get into stuff that you guys are here for, and that is Markets.

We're going to be getting everybody ready for, and that is Markets.

We're going to be getting everybody ready for the ticker tape on Wednesday, April 15th, May 15th, excuse me, a big CPR report coming out this morning, and we got a big PPI report that we'll dive into in just a quick second. We also got some major news out of Open AI. I mean, on both sides of the daily peel today, both in the banana bits as well as in the thought banana section.

So we'll dive into all of that.

And of course, we'll talk about some of our favorite stock movers of the day. Before that, let's talk about the WSWF portfolio. Once again, we are back on top, at least compared to the SB 500. We rose, about 53 basis points on the day yesterday. The NASDAQ was closer to about 80 basis points, whereas the SMB was just over 40 basis points. So we'll take the job underperforming the NASDAQ and still the SB 500 for the year. I mean, at this point, you guys would be doing a way better job if you followed my sports betting picks. I mean, Boston Celtics, anybody? At least I know that I have something that I could lateral into once Patrick inevitably

fires me at some point because I'm sure it'll be something I say here in the Daily Peel. But anyway, it's good to know that I have career prospects going forward. Make sure to stick with me for all my sports betting locks. Anyway, let's go ahead and move into some of the banana bits of the day. like I said, I do with some news about OpenAI,

but we'll get into that in just a quick second,

because first and foremost, we've got to talk about Mr. Jerome Powell. He was out there yapping on Tuesday, as he always does, and he was basically staying cool, calm, well, calm and collected. The guy is really never cool, to be quite honest with you, as Federal Reserve Chair. I think, cool is kind of like the last qualification that you could have. We'll save that for fucking Drake and Kendrick, although both of them seem like fucking losers right now. Anyway, Jay Pau, he was calm and collected yesterday when talking about inflation. We got an uptick in the PPI report that we'll dive into just a quick minute, but adding into tomorrow's CPI report, or I guess today's CPI report, when you're probably watching this, he is keeping a very level head, he's not intimidated just yet, and thank God I'm not the Fed chair, because I would have hiked rates up to 10% already at this point, so we're very glad to see that he has control over his emotions. Anyway, the race for chip supremacy, it's getting big, it's getting intense, the United states a lot of western countries are starting to size up to china effectively it's kind of like a 20 v1 in the chips race it's china versus everybody and honestly i like an underdog story you know don't get me wrong i like america more than they're like underdogs but still i mean they can make a movie about this and i would be rooting for china the way, but it seems like the battle for chip supremacy is starting to flatten a little bit, and it's not going to be entirely concentrated in Taiwan and in China. Anyway, getting into the Open AI stuff, one man, Ilias Sutskiever. This is basically like the second or third most important person at Open AI. Sam Alman as CEO is obviously number one.

Mira Marathi is up there too. She's the chief technology officer and she's the one they got caught

whacking in that interview a couple weeks ago when somebody was asking her if they used

YouTube videos to train Sora AI. I don't know how she didn't practice that question or

rehearse it beforehand. Bad PR team on her part. So besides those two, Ellya is definitely the third. He might be the second guy. I don't know how it works internally there. I'm not damn Kara Swisher. I'm not that plugged in, okay? Try my best, but Jesus. Ilya was the one, however, back in November who kind of like flipped on Sam, I guess. A lot of reports were saying that he turned on him and he was kind of the final vote in sending Sam out the door. He has finally left Open AI. So he did post on X and say that like he's super excited for his new venture, blah, blah, blah. My money is that he's joining XAI. Personally, I bet he's going over with Team Elon because I'm pretty sure that's what brought him into open AI back in the day anyway but pretty sure he's also boys with uh Lex

Friedman and people like that too and they all fucking ride Elon like nobody's business

so do I I mean I can't really judge too much but anyway it's gonna be interesting to see

what he does going forward he's one of the AI geniuses in the world shout out to

Ilya Ditchin Open AI aka closed AI as a lot of VCs like to call it. Now, finally, there was an interesting report from the Financial Stability Oversight Committee that dropped recently. Now, I linked to the report itself. Don't read it. It is an absolute monstrosity to the eyes. It's like way too long. Obviously, it's all legal and kind of governmental jargon, but basically they are making some of these mortgage liners here in the United States too big to fail. And so it's dangerous territory to be putting something in that league. Obviously, I don't need to explain that too much, but this is definitely kind of an underreported story that you're going to want to follow going forward, especially if you want to purchase a house this year or in the next decade.

So definitely some good stuff to be keeping track up.

Anyway, let's go ahead and get into PPI, or as I like to call it, P.P. Cry.

And that's because we saw the single largest year-over-year gain in the PPI in over a year or in exactly a year today.

So that dropped in the Producer Price Index report.

To take a step back for a quick second, the PPI, like I just said, this is a producer's

price index report dropped by the Bureau of Labor Statistics each month, usually either a day

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