What's up, Eats, welcome back to the Daily Peel's video stream slash podcast of the day.

My name is David. It is currently 9.04 p.m. on this beautiful Tuesday, July 2nd, 2024. We're coming

at you a little bit later than usual here today because I had to take a several hour break this afternoon to go cry in the corner of my apartment because I just found out that both of the offers that myself and my girlfriend had out on houses. Bull just fell through it despite the fact that we had offered more than 10% over asking on both of those. So it just goes to show you how fuck the housing market is, especially up in the northeast. But let's go ahead and talk about something that you guys care about here, and that is, of course, going to be markets. We're talking everything markets for this Tuesday, getting you ready for Wednesday before the break for the single greatest holiday in the entire world on Thursday, being Independence Day here in the United States. Just another reason to hate Great Britain as if we needed another reason to do so.

But nonetheless, the WSO alpha portfolio was up 86 basis points for the session.

We did outperform both the NASDAQ and the S&P 500. The NASDAQ was up about 84 basis points, whereas

the S&P was closer to about 60 basis points. Tesla had a good day in particular. They were up about 10.2%. As you guys know,

the WSO Alpha portfolio is balls deep in Tesla. It was one of our most recent research reports.

So make sure to go subscribe to WSO Alpha if you want to stay in tune with all of our research.

We're publishing one on a cannabis stock here this week and we'll be following up at the end of the

month with one on. I don't want to spoil it, but a big, let's call it a big cigarette slash tobacco maker. So we're doing only fun companies lately. But still, Tesla's outperformance really carried us for the session. We did see some strong performance from other names like Airbnb and some of the other more recent additions. But like I said, go subscribe so that you can stay tuned with all of our games, all of our losses, and bully us along the way. All right, let's go ahead and get into some of the banana bit stories for the session here. First and foremost, good news for Sherry Redstone and everybody else at Paramount because it seems like the Skydance merger is actually going to go through. Now previously, common shareholders weren't too pleased with this, but the stock is up about 6% after hours. So it seems like they are finally in agreement to be sold to Skydance. All right. And then, oh, there was a big problem going on with this banking app called YADA. So this is my reminder. This is my PSA to all of our wise apes out there. Do not put your money

in something that calls itself a banking app. It is not a bank. So there is a big difference between

banks and not banks or quote unquote banking apps. Something like SoFi is a nationally chartered

bank, whereas others like Yada or Chime or Dave, these are not banks. These

are banking apps. So if you put your money in them and they go out of business, you have no recourse.

There's no FDIC insurance. You're probably going to get completely fucked over. So just be careful

with your money and who you trust with your life savings. Anyway, much like addicts marrying other

addicts, Warner Bros also has an offer in on Paramount Global.

So it seems like that deal is kind of getting pushed to the side for the Skydance merger at this point.

Now, the Skydance merger news did come later in the day.

Warner Bros. with their fucking $40 billion in debt and Paramount with their $15 billion in debt, both larger than the market caps of both companies. Obviously, it seems like a match made in heaven. It's like if a heroin addict met up at a bar and they really hit it off, it's a great fitting. I mean, not for the rest of society, but hey, it's good for the two of them. Then finally, this is a bit of a spoiler for our first big stock mover of the day. But Rivian joined its big brother, Tesla, and absolutely smashing expectations on deliveries. So the electric vehicle startup was up big on the day. I don't know if I should be calling it a startup still. But nonetheless, I don't know what else to call it. Those cars are pretty sick, though. Let's go ahead and move into our big story of the day. So from Macro Monkey, we were talking about J-Pow Speaks. Now, Mr. Jerome Powell was out fucking around in Portugal here this week. There's a big central banking conference going on out there. These central banking conferences tend to be held in the most beautiful places in the world, like Jackson Hole, Wyoming, Davos, Switzerland, and this time it was in a town

called Sintra, Portugal, or Portugal, I believe it's highly pronounced it over there.

But so over in Sintra, Jerome Powell has spent some game on inflation and interest rates.

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