Hey, it's Kramer, and this is my morning take on the market from today's CBC Investing Club morning meeting.

We have an action-packed morning meeting, and you want to get your pen out and be ready for this one,

because we've got some action that we're going to be taken.

First, I just want to say the markets are now reacting with the way they should have reacted yesterday until the close,

which is we had a Fed that basically said, listen, we're not going to raise rates. Take that

off the table. That had been a false narrative that a lot of the media had bought into. And

with that off the table, we know we're either going to have them flat or down. And that's a win.

It's a win for stocks. Yeah, next move cut. Jobs report tomorrow obviously will be key in terms of watching not only wage

growth, job growth, but the unemployment rate as well. You got Apple tonight, another

big event too. We've got to get through. But why don't we just start getting into earnings?

Because I think it's so important. Let's start off with Lindy. Down because they end the streak of

these beat in raises. EPS was a beat up 10% year over year with sales miss. Volumes down 1% year

of sequentially. Margins big improvement. Why is it down? Well, they didn't raise. 2Q guide

a little bit light,

but I think this guidance is conservative. I'm going to explain why. Okay, good. So,

they're talking about electronics on the conference call, up 1%. They pointed out some softness in the

fab production volumes. Not undifferent from what we heard from Taiwan semi. No.

They did pull it back a little bit.

However, they do believe it's bottomed out.

They expect volumes to pick up in the second half of the year,

partly driven by demand for AI chips and new data centers.

Same thing we heard from Jupon yesterday.

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