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Wall Street Oasis

E273: The Daily Peel | The Streaming Wars

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 15 December 2023

⏱️ 15 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 happy Friday. It's about time that it's Friday. I mean, it feels like it's been a long week here, but I think every week during the holiday season towards the end of the year, it's starting to feel that way. We've got a bit of a choppy morning in markets here. You know, markets just opened about a little over an hour ago.

0:22.6

It's been an up and down mix of session so far.

0:25.6

We're going to get into everything that happened yesterday that might be impacting those price movements here,

0:29.6

including one big thing out of Europe and out of the European Central Bank specifically as well as the Bank of England.

0:35.6

But if you guys take a look at this, I mean photo that probably belongs on par with the Louvre or with the Mona Lisa I mean this is a picture of me in front of the ECB from back in June as we're going to be talking about the European Central Bank here today I figured there was no better way than to show it then to show that we actually got boots on the ground there my parents didn't believe it was a business trip but i hope my dad is watching this so he can see that it actually

0:57.6

was now with all that said let's go ahead and dive into the news of the day so we go ahead and look at

1:03.6

today's daily peel this is going to be number 607 for december 15th this uh December 15th

1:09.5

23 it is 1047 a m as we're coming you live. Let's go ahead and get into it here. So as of their latest data, this is what we're going to be talking about when it comes to the ECB. Inflation has fallen. They went ahead and followed right in line with what the Federal Reserve did, holding interest rate steady, so do the bank of england those are commonly considered the

1:27.8

second and third most influential central banks in the world obviously after the u.s fed because who could

1:32.5

beat the u.s and anything uh so we're going to be diving into that just a little bit we got some big

1:37.4

stock movements from some you know high powered retail names like rivian moderna adobe and then of course

1:43.1

we got some war stops to talk about as well here don't finish it up by seeing everything that's going on with Netflix. I'm sure you guys have seen all the shenanigans going on with a lot of these, you know, viewership numbers and all that stuff that they've released. We're going to dive into that towards the end, because I think we're ready to crown a king or a champion of the streaming wars. But before we get into all that, let's go ahead and see what indexes did yesterday. Fairly good day. The Russell 2K gained 2.78% as small caps showed a lot of strength, a lot of breath. Underline the markets there, mega caps are especially the mega caps, well, large caps kind of as a whole sold off a little bit it was kind of a chopper flat session for

2:17.5

those so that's why we only saw the smp rising about 19 basis points we go ahead and take a look at w so alpha obviously they did complete garbage compared to the russell 2k but they did manage to outperform the s&p in the nassad for once so they gained 54 basis points definitely can't be mad about Now, we go ahead and look at treasuries.

2:34.8

It was an interesting day to see.

2:36.3

Basically, it was a kind of a Roarshardt test to see if the tenure was going to stay below 4% for the session. It was an immediate reaction to the FOMC's meeting that kind of brought the tenure down below 4% originally. It did stay there for the entire session as well as yesterday's session. We'll see what's going on there today. I haven't actually looked out of this morning, to be quite honest with you guys, but definitely go ahead and check that out. We go ahead down into some banana bits here. We got some good stuff going on. We got Intel officially entering into the AI chip game. It's about time. I mean, they call themselves Intel, but clearly they don't have a lot of it because

3:07.6

they are late to just about everything that goes on in the seven conductor industry,

3:11.4

falling behind Nvidia and AMD at every chance they get. But either way, investors were pretty

3:16.4

hyped up to see that they're actually getting in on the game and that they're not stuck in

3:19.5

the 1980s, like everybody seems to think that they are, and like they showcase themselves

3:23.3

to be. But if we go ahead on down below, we are basically what happened yesterday is Congress

3:29.3

authorized about $900 billion, $886 billion to go to the military or really the military

3:35.0

industrial complex, as we should say it.

...

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