4.6 • 1.1K Ratings
🗓️ 13 September 2023
⏱️ 32 minutes
🔗️ Recording | iTunes | RSS
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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 to you on Main Street. |
0:16.0 | How's it going out there? It's Wednesday, September 13th, and you were listening to the Wall Street Unplug podcast. |
0:25.0 | Don't adjust your audio or visual. Frank is out of the office. I, Daniel Creech, research analyst here at Curzio Research, |
0:34.0 | and the transitory host, the fill-in host behind the mic here on this Wednesday. I normally join Frank every Thursday on Wall Street Unpluged Premium, |
0:43.0 | where we break down more in-depth market analysis and give you stock picks. But Frank and I are putting out fires right now. |
0:50.0 | For C.R.A. members, he was joking. You'll get that issue later today. The air, the AC in the office was out until just a little bit ago, |
0:57.0 | so it is starting to cool down. Frank's dealing with some fires at his own house. That horror story seems to never end that poor guy. |
1:05.0 | If anybody was on the fence about building the house from scratch and starting with that, who takes the need? |
1:11.0 | But no, everything is going smoothly. Don't feel sorry for us. Just keeping you up to date a little inside baseball here, |
1:17.0 | but couldn't be happier to fill in for the one and only Frank, who will be back in the office tomorrow, |
1:21.0 | like I said for our Wall Street Unpluged Premium podcast. Today, you're stuck with me. I'm running the helm, |
1:26.0 | and I am going to talk about the CPI data that came out today, how markets are reacting, |
1:32.0 | and then I will continue to opine on energy and why you should. I'll give you the answer first, |
1:38.0 | why you should, and must have exposure to oil and gas, and also carbon neutral, |
1:44.0 | or a new fun drinking game, carbon capture that we've joked about in the past, all that. |
1:48.0 | And then there's a great, if I have time, I don't want to run over my allotted spot, |
1:53.0 | but there's a great article in the Wall Street Journal today about amateurs piling into 24-hour options, |
2:00.0 | and it's just gambling. We'll stiff through all that and more, and let's dive right into the August CPI report. |
2:07.0 | Data broke out this morning, and the Consumer Price Index increased 0.6% month over month and August. |
2:16.0 | That's as expected, that was in line. Remember, Frank often talks about whether it's earnings or any kind of data. |
2:21.0 | You want to know what expectations are going into it. Gasoline, rising gasoline prices amounted for over half of the increase. |
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