What's up, Dave's. Hope everybody's doing absolutely fantastic and thank you once again for joining us here on the DailyPils video stream of the day.

My name is David. Let's go ahead and give right into everything because we have a lot to talk about here today. So we're of course going to begin with the big story of the day. We're talking everything banks. We get a big report from the FDIC who is the regulator of banks here in the United States

talking about their solvency, how they performed a Q1, and where we can see risks going forward in the financial system. Well, then, of course, talk about a couple of big stock movers of the day, one that I'm incredibly excited to make fun of, because Hindenberg Research is back, killing stocks once again. Now we'll finish things up with talking about Zid, everybody's absolute favorite product. So we'll break that

down and exactly what it's doing for its current owner, Philip Morris, and exactly how we got to the position that it is today. Let's go ahead and get into it. So the WSOF portfolio, I can't lie, it was another rough day. We were down 11 basis points. Both the S&P and the NASDAQ were up on the day. now, they were up very small, so it was basically a flat day for all of these portfolios that we're talking about. The S&P rose a little bit under 20 basis points, the NASDAQ, a little bit over 10 basis points. So we didn't underperform that drastically, but it definitely wasn't good. We were dragged lower quite a bit by particularly Builders First Source. That is a home builder company. It's one of our larger positions in the portfolio as well. They had a really rough day for the session. So we'll blame it on Builders First Source. And once again, I'm going to blame this on my dad. Just like I did in the written edition yesterday, Dad, go out there and build more houses, please. Particularly one for me, that would be absolutely fantastic. Anyway, with that said, let's go ahead and get into some of the banana bits for the day.

So first and foremost, CNBC, they came out with an article where they're breaking down Keith

Gill and his trading strategy. So they're talking about exactly how this guy went from having

$53,000 in GameStop. It's now nearly 300 million. I mean,

absolutely one of the greatest retail traders of all time. So it's pretty interesting to see,

and that article is definitely worth the read. Now, we also did get some data on the current share

of housing units that are being constructed, definitely not by my dad, that are being constructed

built for

rent. So a lot of homeowners are very much preferring to move into their own domicile, but to still

be renting it. I don't exactly know what the benefit to doing so is besides not having to pay

property taxes. Really, the benefit to renting is if you're going to be somewhere and you know

you're only going to be there temporarily, like under three, five, especially seven years, it's probably fine to rent. Like, that's basically the way to go, but it seems like that is very much where the housing and shelter, Markham War broadly, are headed. Now, everybody, a couple of years ago, we were all hyped up about this fight between Elon Musk and Mark Zuckerberg. We thought it was going to happen in the damn Coliseum.

That didn't happen at all. But it is happening on LinkedIn. It's just not between Zuck and Elon. It's between Elon and Metis Head of AI. Metis AI had came out with this post yesterday. It was honestly, absolutely wild. Basically, shitting all over Elon Musk, I don't know if Mark Zuckerberg were going to approve this, but I have to say he's probably not too upset about it.

And speaking of Elon, he also had a big news story for the session. He basically came out and told Nvidia to redirect a bunch of chips that were supposed to go to Tesla, 2xAI and 2X. So they're going to his other companies, his other ventures. Tesla must have more than enough. I really don't know what the other reason would be, but that's definitely worth checking out. I'm, of course, following the artificial intelligence story. All right. With all of that said, let's go ahead and get into the big story of the day, and we are, of course, talking about banking on banks. Nobody likes getting exposed, especially if you happen to be Drake right now. That is one of the worst exposures that anybody has ever seen, but that's going to happen when you start beef with people like Kendrick Lamar. Now, unfortunately, banks have been beefing with all of human history, every single person for all of human history. So, you know, it's a little bit tough for them to not get exposed constantly every single day. And I'm not talking about the reports that they publish, quarterly reports, annual reports, or anything like that.

I'm talking about their mommy and daddy, Mr. and Mrs. FDIC coming out here with the quarterly report on banks.

Specifically, we're talking about the quarterly banking profile from the FDIC or the QBP for short.

So it's the QBP from the FDIC, which rhymes, so it's pretty sick if you ask me. Basically what this does is breaks down some of the publicly available data for banks. It talks about how they perform in Q1. It's a report to Congress, but obviously it's available to the public because the U.S. likes to pretend that we're still some kind of democracy or that people's votes matter or whatever the fuck. So that doesn't really matter. But basically, they come out and just report on all of these numbers. So absolute losers like you and me who care about this stuff, we can go ahead and nerd out for a quick second. So this is a monster of a report. Now, it's only 32 pages long, but if you open up the actual report itself, it's pretty much all the absolute smallest spot possible.

And it's just line after line after line going over each change of certain different line items,

everything from revenue growth to changes in coverage ratios, which we'll be talking about in just a quick minute.

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