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Wall Street Oasis

Lyft Error Sparks Wall Street Chaos | The Daily Peel

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 15 February 2024

⏱️ 21 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

Oh, sorry everybody. Oh my God. Didn't realize that we started out. It just froze up a little bit. But I guess that's what's going to happen when you spend as much time with Mitch McConnell and when you look into this frozen housing market so much, you can't help it start to freeze up a little bit as well there. So I do apologize. Hopefully it doesn't happen again, but thank you guys as always for joining us here on the Daily Peel Live straight, coming as you live from the Daily Peel's global headquarters. We're talking everything markets. Shout out to everybody on the podcast listening later on. Definitely give us a like and leave us a review on Spotify. Those algorithms that helps boost us a ton. So any comments that you leave would be huge. If you're on the YouTube, like and subscribe because it takes literally two seconds and it helps me keep my job as well. So help a brother out. You know, we'd love to see you guys and bring you all the

0:54.9

market actions and all the other nonsense that's going on in the world. So let's keep doing it. Let's have some fun with them while we do. Of course, today we're coming at you with the Daily Peel LiveStraint. We got Daily Peel number 648 here for you guys today on this beautiful February 15th, 2024. It is currently 12.04 p.m. So good afternoon to everybody out there. Getting started a little bit later than usual, but like I said, we were freezing up a little bit from hanging out with our boy Mitch McConnell here a little bit too much. You know, I'm not one for making fun of the elderly, but when you do something as embarrassing as this, while also being the reason that weed is illegal across the United States,

1:29.9

we're going to take a few jobs at you along the way. But all right, now, time to get away from the political stuff before you guys start blowing on my email. But let's go ahead and take a look at what was going on out in the daily appeal here today. Good morning to you too as well, Len Oz.

1:42.2

That is actually afternoon and eastern time,

1:44.2

but you must be out on the West Coast or something,

1:46.3

or you're just waking up, which if you are, today. Good morning to you too as well, Lynn Paz. It is actually afternoon and eastern time,

1:44.3

but you must be out on the West Coast or something, or you're just waking up, which if you are, that means you're true degenerate, just like the rest of us over here at the Daily Peel. Shout out to you, brother. All right, let's go ahead and take a look at what's going on today. If you guys read the edition, you know that we are talking housing

1:58.7

horrors. That's the story of the day.

2:01.0

Also, apologize, but this monstrosthi

2:02.8

on the eyes right here. I forgot to cut things edition you know that we are talking housing horrors that's the story of the day also apologize

2:01.6

but this month's drafty on the eyes right here i forgot to cut things down a little bit you know

2:06.0

our editors pretty much everything that we do here the daily peel runs on the crackpot team so

2:10.5

we appreciate you guys bearing with us that's not going to happen again tomorrow we are talking

2:14.8

everything housing related rising mortgage rates and all the other bullshit that's squeezing buyers like even me out of being able to purchase a home and move out on the death basement. Then, of course, we did get some stock movements of the day. Lyft absolutely pops in one of the funniest typos of all time, one of the most profitable typos of all time as well, whereas apparently eating mac and cheese and ketchup is no longer the move. Nobody told me,

2:35.6

but that is what we're seeing in Kraft Heinz's earnings report. Then of course, finally, increased

2:40.3

risky appetite is back and I don't know if it's just because people are starting to feel the love

2:44.2

given that Valentine's Day just happened, but people are definitely feeling a little bit more

2:48.3

confident going forward. Also, hope you guys had a great Valentine's Day yesterday. Now, having a great Valentine's Day does require speaking to the opposite sex, of course. So I would never know what that is like, but I hope that the rest of you enjoyed it and actually had a nice dinner or did something along those lines bought flowers, bought chocolates. You deserve it. All of our wise apes out there, you deserve the world, especially all the chocolate that comes with it. All right, let's go ahead and move into some market snapshots of the day here. I promise I'll try to read the numbers right today, unlike yesterday, but we did have a relative we saw the date over here at the WSO alpha portfolio. Our shares were able to rise about 0.94%, just under 1%. We did under 4,

3:26.0

both the S&B and the NASDAQ on the day. Stupid Airbnb kept us a lot lower. I mean, I don't

3:31.5

know why the stock opened much lower on the day in response to earnings, and it gradually ticked

3:35.9

up and end of the day down about 1%, at least of the last that I thought. I think it's a complete

3:40.2

overreaction to the Airbnb and a earnings report. Basically, they had to pay fat taxes to like the Italian government. They said the revenue be wasn't enough. I mean, whatever, we're still holding it in the WSO alpha portfolio. Let us know what your thoughts are. And of course, we'll give you guys all of our thoughts on the stock movements of the day in just a minute. So be sure to stick with us through the live stream here today. Invidia, moving on to some banana bits of the day. InVedia, everybody's favorite stock in 2023 is now officially the third most valuable company in the United States. In the past week alone, it's surpassed both Amazon and Google. It's both attributable to Navidia's rising and those two falling back

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