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Wall Street Oasis

E255: The Daily Peel | Continuing the Continuing Resolution

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 15 November 2023

⏱️ 15 minutes

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Summary

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

Transcript

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0:00.0

All right, well, good morning, apes.

0:08.1

While it's still morning here, yeah, it is still morning over on the East Coast for about another 20 minutes or so.

0:13.3

Hope everybody's having a great start today so far.

0:15.8

I know we are getting started a little bit late here.

0:17.9

Marks are running open.

0:18.8

Looks like it's continuing with positive vibes from yesterday.

0:21.7

We had a little bit busy morning over here in the Daily Field Global headquarters,

0:25.1

location on this closed. So we come naturally a little bit later than usual. We're going to be

0:30.0

trying to come right as where the market opens from here about forward. But to right now,

0:35.2

today is Wednesday, November 15, 2043. it's 1139 a m and we are just

0:40.4

getting started here so let's go ahead and get into it not wasting for the time so in today's edition

0:46.2

we're going to be talking about cpi we got the everyone's favorite inflation report yesterday we also got

0:50.8

lots some news on solar stocks that helped them out a good bit and then we're going to kind of go down and see what shenanigans the federal government is up to lately. Obviously, we know what's in nonsense dog and pony show. We're going to get into exactly how that managed that's in the most recent incidents this week. But before we do, yesterday was really all about the CPI record. That was the story of the day.

1:10.9

It's what asked us.

1:11.5

I'm trading on the entire time. It's what literally everybody was paying attention. So I'm pretty sure I could even call my 91-year-old grandmother, and she would be able to tell me what the CPI friend was. So we'll spend some time on that. We'll talk about the implications of it for the most part. But what we do? so we got some of the nanobits to get those well.

1:28.8

So pretty late last night, right around 555. the ramifications of it for the most part. But we do so we get some of the nanobits to get through as well.

1:28.8

So pretty late last night, right around 5.55 p.m. each time at least the houseman should actually pass a stop cap bill. Somehow they got their head together and they all put this on. Now, it does still have to go to the Senate desk, of course, and then ultimately get signed to the president. big dog Joey B

1:43.8

already came out and said that he would sign that thing

1:45.6

and she was about past his desk.

1:47.5

We'll see if it's able to get through the balladens in the Senate as easily as it did through the House here. But in addition to that, we also did get some news from Amazon as well. They're decided to be very charitable yesterday. They're helping have a lot of smaller companies, Clicked C3AI and click it Snapchat, as we'll see down below. We also got some bigger reports from Home Depot along the way. That's something we'll be talking about in tomorrow's edition, I'm sure, but it was fairly good already. We're starting to get into the wave of retail earnings. We also get the retail sales print today. We'll also be talking about tomorrow. So tomorrow's going to be all about retail. Hope you guys are ready to shop because we're going to be getting into it. We'll go on down to CP Fly. It was a very fly great report. Something that Gerald Powell certainly very happy to see. Remember one of that he was actually seen dancing on a glavestone, label of inflation, somewhere in Washington, D.C. area. Personally, I'd pay money to see that got dance. We know that he's a great guitar player and a big Grateful Dead fan of something like that, I think. Something about a gray-haired Federal Reserve chair being a fan of the Grateful Dead scares me a little bit. Seems very dystopian, but, you know, that's a world we're living in and certainly creative new things that happened over the past couple of years. Speaking of crazy things, let's go ahead and take a look at the headline CPI friend, hooked in the 3.2% annual leave for the month of October. That translates into about a 4% in it will go to the core metric, which is really what everybody cares about. Because who cares about the cost of food and energy?

3:40.8

That's not important to average everyday Americans at all. No, why would it be? That's nonsense. What we care about here is, of course, going to be just the costs of those other things. And specifically, one of the biggest drivers of that QuoChii reading is going to be shelter costs. Now we can get into that down below here. but if you go ahead and read through the report, you know, let's just go ahead and click on over to the actual CPI report itself. Like I said, A, you're always going to want to go to the PDF viewer, whenever the government, especially the BLS or the Commerce Department is releasing economic news. The PDF is the kind of view that doesn't make you want to throw up. So definitely come and click on over here. But if we go ahead and take a look, we can see

3:44.9

that the monthly rise 0.0%. Easily the lowest that we've had all year. I mean, it's literally

...

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