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Wall Street Unplugged - What's Really Moving These Markets

Microsoft’s warning about AI

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.51.1K Ratings

🗓️ 26 July 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

Today's episode is sponsored by Masterworks.   Today’s episode starts with a look at the Hollywood strikes that have been dominating the headlines. I explain why a win for the actors could spell serious trouble for the industry.   The Fed is meeting this afternoon (after I finish recording this). I break down why no one seems to care about the Fed’s rate hikes… and why that’s a big mistake.   Next, I highlight two contradictory calls from a couple of Wall Street analysts. One was right about the direction of the market… but wrong on his bullish thesis. The other was right about several bearish headwinds… but wrong about stocks falling. I break down both viewpoints… and why now is a turning point for the market.   We’re in the heart of earnings season. I explain why Alphabet (GOOG) and Microsoft (MSFT) are moving in opposite directions after their latest results… and share the one Big Tech name I like heading into earnings (hint: it’s had an incredible run lately, but still trades at a modest valuation).   Don’t miss tomorrow’s episode of WSU Premium. Daniel and I will discuss one of the few sectors where earnings and revenue are rising—and how to profit from it. For full access subscribe at WSUOffer.com.   In this episode Breaking down the Hollywood strike [0:30] Why you should care about the Fed[8:53] This bear’s call is a turning point for markets [13:05] Access the elite fine art market [19:53] GOOG just had its best quarter in over a year [22:00] MSFT’s AI warning [24:55] Don’t miss tomorrow’s WSU Premium For full access subscribe at WSUOffer.com[33:48]   Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/   Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/   Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com

Transcript

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0:00.0

Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial media

0:07.0

to bring you unscripted interviews and breaking commentary direct from Wall Street, right

0:11.6

to you on mainstream.

0:12.6

Let's go out there, it's July 26th!

0:18.1

Hello, I'm Frank Kursh, just a Wall Street Unplug Pakistan right behind the headlines,

0:23.9

and uh, tell you what's really moving these markets, it's not really going on, just tons

0:37.5

of earnings, Fed meeting, longest winning streak in a Dow Jones in 35 years, put nothing

0:45.0

to see today, and the Fed meeting, it's like nobody cares, Bailey being mentioned, at least

0:53.8

in the mainstream financial media, talking more about the strike in Hollywood than the

0:58.9

Fed meeting, and by the way, is everyone's strike happy, or is it me?

1:04.3

I mean, everyone, every time I look someone's going on a strike, that's just the US, Canada,

1:08.1

Europe, everybody, strike, strike, strike, and in Hollywood, the writers of America, screen

1:13.3

actors, guild, they've come together for the first time in 60 years, to strike together,

1:23.3

and I see this because they make a much less money now that streaming has gone pretty

1:29.2

much mainstream with all of the studios, but now the Hollywood actors have joined these

1:38.0

guys as well, and as they have to negotiate with the lines of motion picture and television

1:41.4

producers broke down, the lines of motion pictures represent major studios, like the Netflix

1:48.8

Disney, Apple's, Amazon's, Warner Brothers, those are a pretty big deal, but going on

1:54.8

for a while, I could continue, now strikes happen all the time, I mean, so airlines recently

2:01.0

some of them signed deals, UPS just signed a deal, they were worried, Amazon, Starbucks,

2:05.4

Trady Joe's, even UK with thousands of doctors in England, walked out, which is pretty

2:10.2

effed up, and imagine you're operating on someone and the head doctor walks in and says,

...

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