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Wall Street Oasis

E252: The Daily Peel | Robinhood's Disappointing Quarter | U.S. - China Best Frenemies

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 10 November 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

WSO Weekly Wrapup - ⁠⁠Sign Up for the Newsletter Here⁠⁠

Transcript

Click on a timestamp to play from that location

0:00.0

All right, well, good morning to all the apes out there, and happy beautiful Friday morning, most importantly.

0:11.5

Always a beautiful Friday, I mean, definitely can't hate.

0:14.2

We don't have to wake up early tomorrow and get stressed about losing our entire fortunes through the market, just continuously crashing, of course. That's what we're trying to avoid here at the Daily Peel, and that's what we're going to get into here today. Now, it is about 10.36 a.m. Eastern time, the time of recording, market's been open today for about an hour or so. Now, I know most of you, including myself, are just about getting up right now. We are degenerate, So, of course, that comes with the job.

0:57.4

But still, we're going to get into things so that you know what to expect for the next about five and a half trading hours of the day. So we don't, once again, have to enter bankruptcy. So we're going to go into the Daily Peel here. But of course, first and foremost, we have a big announcement for you guys here today before we get into things even now i know everybody's been dying for this they've

0:54.8

been you know david patrick where's wso alpha been you know you don't know what to do with your

0:59.2

portfolios don't worry about it we're coming back w so alpha is officially back so if you guys don't

1:05.8

remember this is one of the things that we released a little while ago. It was basically a portfolio tracker.

1:11.8

You could follow our trades. It's a real life portfolio with legitimate brokerage statements.

1:17.0

It's actual real money that we're trading here for you guys. So you can definitely follow

1:20.7

on with us because we're actually playing our money where our mouths are. It's not a paper

1:24.1

trading account. The biggest thing that's going to be changing up this time is we're actually including a private Slack channel for all members. And then additionally, a couple months, we're going to roll out kind of a paid subscription tier for access to our equity research line to explain all the degeneracy and psychosis that goes into us placing our trades. Definitely going to want to check that out. That's going to be a huge thing once it releases.

1:45.0

We're shooting for the next couple of weeks. Might be into the new year. We'll figure it out, but we'll definitely keep you guys updated along the way. With all that said, definitely stay tuned for WSEL Alpha. Today we're going to talk about the daily peel and get into everything and anything that happened yesterday in markets. So that included a high-level meeting

2:01.6

between the US and Chad, the top finance ministers came together and were kind of, you know,

2:07.0

making friends again before a big meeting between Xi and Biden next week. We also got some

2:11.9

earnings from a firm, Disney, canopy growth, crispy cream, a bunch of great companies out there.

2:16.8

And then finally, we took a second, finally at last, even though it's two days late, two over Robin Hood's earnings and see how to generate that gambling business has become. Oh, yeah, and markets were open yesterday as well. The indices I almost forgot about that. I mean, they didn't really do anything special. It was a stock pickers day. we call it a Pino Noir Day here at the Daily Kiel and it's a light red day like that.

3:24.3

So moving on down below, we can focus on some of the biggest stories of the day that we didn't get to cover, but we of course wanted to shout out for you guys. Jerome Powell was given a speech and he was feeling some nonsense about the economy as usual, but the absolute best part, and you guys have to click this link when it gets sent to you. So basically what was happening was he was giving the presentation at the IM, that's the International Monetary Fund, and the climate change protesters broke in. You know, it's a big thing for climate change protesters these days. And Powell drops the F-bomb straight into the microphone, like he wanted them to hear it. It was one of the funniest things I've ever seen a Fedger do, and you're definitely going to want to go check out that video. Moving on down below, Uncle Sam apparently hasn't been stealing enough of your money, so they are looking to increase taxes with the IRS, basically bumping up some tax rates. Mostly going to be on the higher end, but definitely going to want to check out that story. Meanwhile, the world's largest bank, which by the way is not JP Morgan, JPMorgan, JPMorgan is the world's largest bank by market capital. When we talked about things that actually matter for banks, not just how much the market is assigning your value, things like revenue earnings, net interest income. That is the industrial commercial bank of China. They had a big cyber

3:41.5

attack recently, shows how scary things can get real fast. The moving on down below, we have Elon and

3:46.7

Tesla. I mean, I don't know how they can stand for this. They were basically slapped with the biggest

3:50.9

insult you could possibly levy against Tesla with HSBC analysts calling the firm a quote-unquote car company. We all know that Elon

3:59.3

used it as this beautiful kind of his baby there, but you know, either way, definitely

4:04.2

going to want to check out that story. Hopefully an incoming Twitter thread about her Tesla's not a car

...

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