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Wall Street Oasis

E267: The Daily Peel | It's Shotime!

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 11 December 2023

⏱️ 17 minutes

🧾️ Download transcript

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. And yes, it is still morning here. So good morning,

0:10.8

apes. Happy Monday morning. Coming out to live from the Daily Pew Global headquarters today.

0:16.3

But as you guys can see, we have a little bit of a decorational change here. We'll get it to exactly what's going on and all that. It's that show you of tiny money coming through. I mean, we'll be talking about that in just a little bit here, but that's what's allowed us to move into this very fancy house within the DailyPeele global headquarters here. We're coming as you live. It is 1143 a.m. on Monday, December 11th, 20203, daily pill number 603. We got to need lots to talk about here today.

0:42.6

So without beating around the bush any further, we can dive right into it. Actually, the only bush I do want to beat around real quick is obviously my sweet new haircut here.

0:50.1

So if anybody has anything to say, please feel free to let me know here. I mean, shout out to my boy, Jaylen, for the sweet haircut. If you're in the Charlotte area, definitely go check them out. But anyway, moving on to today's daily peel. Here we go. We had, of course, the non-fond payrolls report drop on this past Friday. Obviously, that's pretty much what everybody was looking forward to over the past couple of weeks we've been freaking out about it for at least several days several weeks leading up to it

1:14.4

without too much to talk about going in because there wasn't really a whole lot of live or big economic

1:19.1

releases at that point but we finally got one so the wait is over we also did get a few more earnings

1:24.6

reports and other kind of nuts that's going on to the stock market obviously Obviously, we're going to talk about that stuff. And then the largest deal in the history of worldwide sports was signed this weekend, Shelby Otani and the Los Angeles Dodgers. We'll dive into that down below because that is some crazy stuff. We're going to compare it to some of the other biggest contracts of all time. But before we do, let's see how markets did on Friday. Overall, it was a pretty nice day, pretty nice way to end the week and hit into the weekend in a relatively good mood. There are also 2K, the small caps over there led with the 76 basis point gain. The Dow was the lagger of the day with the 36 basis point gain as well obviously w so alpha nobody's surprised barastic

2:02.5

underperform it's only a 17 base point gain on the day i mean if anybody has anything they

2:07.0

want me to pass over to them i'll go run over pretty sure they're over uh they're out playing

2:10.9

squash or uh it's that rich people game that they're playing with chobiotani i mean it is just

2:16.0

absolutely ridiculous but if anybody has any messages to pass along, I'm happy to do so. Treasury had spiked in response to the job report as well. They didn't spike hugely, but it was definitely a sizable move. Two-year getting back up to 4.75% after having been down in the 4.6% range prior. Now, we got the 10-year down to about 4.25%.

2:35.9

That's about a 10 basis point gain as well on Friday.

2:39.0

So pretty big for treasuries overall, but not anything massive to set the world on fire about

2:44.0

or anything here.

2:45.1

So Macy's is having a great week already, getting into some of the main stories that came

2:50.0

out this weekend and Friday after Newark here that we didn't get a chance to write about. Macy's having a great week already getting into some of the main stories that came out this weekend and Friday afternoon here that we didn't get a chance to write about. Macy's having a great week. They got a $5.8 billion dollar rumor buyout offer going on. Actually, let's go ahead and take a look at this share price. See how that's reacting so far. Vicksy stock up up 18.98% today. Closing in on that acquisition price down here. Not quite there just yet. There's about $300 million left in all of you arbitrages out there. Go ahead and check that out. If you're confident, if you love Macy's, you can see what's going on there. Now, moving on down below, we talked a little bit, a little while, probably about a month or so ago, about how investors

3:24.8

are starting to tweak a little bit about the US's ability to continue to raise funds through

3:29.0

debt sales. Investors are still freaking out about that. That fear hasn't gone anywhere. We haven't

3:34.1

talked about it in quite a while here, but it's definitely all too present. At the same time,

3:39.0

President Zelensky is having his own fundraising troubles as well.

3:42.5

He's coming to D.C. once again after Haringly, Congress might have to, you know, cut off those funds going out over there.

...

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