Hello, fellow Rubble Capitales. Hope you're well. I am here in New Orleans. I was speaking to the New Orleans

Investment Conference, but today's big day, wanted to do a live stream. We have the AI stocks that,

I don't know if they're crashing, but they're definitely going down, but there's big, big moves

in other stocks that I think really reflect what's going on in the overall economy.

And we've got treasury yields down big as a result of the biggest job cuts announcements in 22 years.

Let me repeat. I probably didn't say that right, the biggest job cut

announcements in 22 years today. And obviously, that's what's really driving interest rates down,

huge. And I think connecting the dots here, you'll see what's

happening with some of these other, not AI stocks, but real economy stocks that show the pressure

that I think the average Joe and Jane is under right now and kind of what we've been seeing in the labor market in terms of the non-farm payrolls.

Okay, but let's get into it here.

First and foremost, I want to go over to CNBC.

And I want to play this quick video because they're going to summarize what's happening with this most recent report,

which, as you can see, job cuts in October hit highest levels for the month in 22 years.

22 years. I mean, it's staggering. Here we go, guys. Let's listen. I'll give my commentary.

Then we'll go through the article, read the details, and then we'll go over, see how the treasuries, as you can down a lot. But we'll see how much they're down. And then we'll go over into some of these real economy stocks here that are also plummeting. Callenger on job cuts. What's going on? Yeah, well, this is like a clue from like a cough or a sneeze or whatever, but announced

corporate job cuts, Andrew, in the U.S. surging past $1 million so far this year with

153,000 new layoffs announced just in October, according to Challenger.

That is the worst October since 2003.

Here are the numbers.

October up 153. That compares with September. That's 100,000 more than September and 100,000

more than this time last year in October 2024. Andy Challenger commenting, some industries are

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