Turn up the bass turn up the bass. I'm too excited i'm too excited for inflation day. I'm not waiting for that timer to finish up we're just going to be rocking we're gon na get going. It is inflation day we are getting the cpi numbers in a mere few minutes, cpi consumer price index, and it's basically how expensive are like is life right now, um they give it to you with food and energy.

They also take it out regardless. What you need to know is the fed those people who make money out of the ether they're like hey. We want a couple trillion more. They use this as a very important gauge for what is going on.

So this is gon na cause quite a bit of volatility as you're about to see this comes out in just under four minutes. Right now and you're gon na see a very volatile reaction to it and most likely there's gon na be a high amount of volatility in the market. Today, and i thought to myself, how can i make this more fun? So here is the dealio everyone just so you know the inflation expectation, i believe, is 8.6 8.4. That is the expectation right now coming in at 8.4, expected to be 84, the high since december 1981.

That's the expectation and if you want to play a fun game, what you have to do is go over to locals and there is a free version, there's a paid version. Whoever is the first person to guess the right amount, you're gon na get three months free of locals the paid version, so everyone can engage in this game for absolutely free, just head over and just go to the most recent one right here. All you have to do i'll show you right here just go to the one that i just posted 15 minutes ago comment under it. The first comment we're gon na go in chronological order.

The first comment with the right cpi number you're gon na get this for three months for absolutely free, so rush on over there, because you only have a couple minutes: uh and it's gon na be fun hey you can engage in for it for free, and i Just figured uh what a way to celebrate inflation day so just come to macquarieslocals.com and just make sure you're commenting on this particular one for the inflation day uh. I figure we'll have a little bit of fun this morning, but here's what you need to know white house says it expects inflation to be extraordinarily elevated in new report, and they also were calling it the putin price hike as if we haven't been putting nine trillion Dollars into our own economy, don't worry about that march. Runway energy prices and higher food costs could mean hottest consumer inflation since 1981. Last month we got the year over year at 7.9, this time they're expecting for 8.4 percent, and once again this is a four decade.

High it's coming out in less than two minutes: the main crop, that's behind the jump in the headline: inflation, we're food and energy, but the cost of housing has continued to rise and if you believe um, i guess our spokesperson at the white house they're just calling It, the putin, price, hike and heading into this 10-year treasury yields hit 2.82. All year yields all of them the two, the five, the 10, the 20 all of them are going up, because the expectation is that they're gon na do a rate, hike and that's gon na be coming in may so, basically they're using the information coming out from Today and other like unemployment jobless claims all that stuff and the next decision, the next rate hike we'll find out in early may, i believe it's may 5th. Let me just double check that, for you, it is excuse me, may 4th, is the next one that we get it, but anyway, this will be coming out very very soon, and i figure why not just watch it live hang on. Let me get this i'll reload.

Just so cnbc doesn't do anything funny any other funny business um, all right. We are less than a minute out. Let's get let's get ready. Let's do this thing.

Cnbc live is currently on commercial break. Programming will resume shortly all right. What kind of guesses do we already have coming in nine point: five. Nine.

Eight point: four. Five. Eight point, four, eight point: seven, eight point: six and nine all right: we have a couple people. We have a couple, make sure you get your guesses in all right.

Where's the volume on this whoa it is that time we're less than a minute less than a minute about 35 40 seconds from march uh, cpi, everything's green, barely 50 on the nasdaq uh. The dow is down for most of the the pre-market session, but turned slightly higher up 32 points. A tough session yesterday, uh s p up about nine. The ten-year note has been trading right around two and three quarters taking point christmas inflation christmas at this point and we did have a uh a spike to some extent in oil, a three or four percent rise, but well it's still just below a hundred dollars a Barrel as far as wti rick, santelli and steve leesman are standing by rick the number please all right.

Well, the headline number comes in as expected: hot hot hot it up: 1.2 percent up 1.2 percent. That means that's the highest month-over-month inflation rate since 2005.. If we strip out the all-important food and energy, it's up, three tenths about halfway, expected and well below the high water mark, which was april and april, was up nine tenths of one percent that was the highest in 41 years. So we definitely eased back now.

Let's go to the year-over-year numbers: uh 8.5 8.5 coming in hot 8.5 remains a 41-year high. You have to go back to 1981 and finally we're looking at year over year, core expected up. 6.6 comes in at 6.5, taking out the 6.4 percent so up at 6.5. We are all looking wow again to comp back to 82.

That remains the same uh with respect to comping, and the reason is because in 82 we traded all the way up to 9.1 percent. So you could see that 6.5 has some room to continue to go back to the same point four decades plus, and that really is the issue here: isn't it now when we adjust earnings for inflation? If you look at hourly earnings on a year-over-year basis, they're down 2.7 percent adjusted for inflation on weekly year-over-year earnings down 3.6 - and this is really something to pay attention to we're all together for the last big jobs report, we saw the very historic year-over-year wage gains At six percent best since record keeping in 97, but we can see that it doesn't keep up with inflation, so these numbers outside of month-over-month core are all hot they're. All cycle highs something to pay attention to. We know that the federal reserve definitely went onto the shoulder of the road thinking that inflation would be moderating and, of course, leo brannard will be addressing some of these very issues.

You know they're long-term models, still say it's going back to two percent and maybe the uh. The change will come down to two percent at some point, but the gains and where we stick on the board is going to remain higher than it was, and that's really with the middle class and most people in america understand joe back to you dave why the Moves yeah, yeah, that's why steve so you said that they're pretty good at getting these right. So i don't know they're not implying there was a steve didn't either you or uh steve rick, i'm not implying. There is a whisper number of of a something even worse than what we're seeing.

So that's, probably not what we're seeing they weren't expecting worse, but maybe, when you back out energy and food, is there some moderation in some of the other things that we're watching steve? Why do you think the market reacted positively and why did the 10-year drop down to 1.72? Maybe because it wasn't worse than expected, i think i think you're right joe. Maybe there was some whisper number and that could come from the idea that look uh from from the initial commodity price into consumer prices. There's a time lag and a lot of stuff goes on. You don't know by the way uh there could be some producers out there and companies joe something to watch out for in all.

The ceo interviews that we do here is: is their profit margin pressure? Do they absorb some of that and not pass it along to the consumer? But i mean these numbers were pretty much spot on in terms of where the street or the forecasters were expecting a touch hotter, but inside the core, joe six and a half percent uh. A couple areas - uh energy up, eleven percent, uh uh food up - one percent - doesn't sound like a lot, but that's a lot. You're eight point: eight: on food year over year, that's huge uh. The only thing that was decent in there and rick should care a lot about this rick.

Your used car prices were down. I'm going to double check this number 3.8. Was i right about that? Yes, they're still up 35 on the year, so don't get too excited. My friend, but at least for this month they were down new vehicles up 0.2 and we had that interview that phil brought us earlier today, suggesting that we don't.

He doesn't think the uh from toyota that there's much relief coming in new vehicle prices, rick yeah. I think that's a very important point, just on the conceptualization that we are seeing certain areas like used. Car prices come down a bit, but in the near term, when you compare that to how much they originally went up, it's the same thing that the government's saying well wow, look at how much we reverse the national debt or the deficit same thing. Okay, when you have giant spikes, small drops, may look like something large until you compare them to the actual move, but i have something joe.

You asked a good question. You know joe, i traded a lot back in the day and let's say you: shorted bonds, expecting inflation numbers to be hot, hot hot and they were hot okay, so you see you're right and all of a sudden, you don't see yields spiking, it's what we call The mogul it was the nervousness and the positions before the numbers. Now those people that had the right positions are trying to finesse their way out of those positions when that all clears the zone. I fully suspect you might see some upward pressure again, but yes, fear going into big numbers, whether it's jobs report or inflation data or even federal reserve meetings, usually see interest rates, sometimes peak right before the event occurs, don't buy the room or sell the news rick.

Let me ask you one thing: that the quick moves that we've seen in treasury yields and this big step up. How much of that is because of the expectation that the fed is going to be raising rates more aggressively, and how much of that is the idea that they're not going to be the big buyer if they're buying 20 of the market every time it rolls out? If they're not doing that anymore, obviously that that's going to drive up yields too, how do you break that down or is there any way to do it? Yes, yeah, you know, and a lot of people are trying to make some big hay on the notion that the the yen, of course, is very close to 20-year lows versus the dollar. The japanese have sponsored our debt through purchases. Is that going to make a big difference now that the fed, of course, is going to stop buying? My answer to that is all this matters, but i wouldn't worry about it.

Look at the state of the globe. Remember we grade on a curve. The u.s is going to draw capital and there will be many countries, in my opinion, to replace the federal reserve in purchasing our debt, at least for a while, to see how the government gets on track. Trying to control some of the big issues that we face and in terms of how interest rates are moving, i don't know that the fed is the number one calculus there.

The fed is using and baiting the markets to go higher to do the work they fail to do in a timely fashion, and ultimately, the intersection ahead is, is that rates most likely are going to come back down to meet the federal reserve at some slower growth Point in the future 1981 - let's see i remember i remember i don't know what you were doing rick i was actually starting as a retail broker. I was listening to lionel richie. That's what i was doing. Richie lying out.

I was uh in a training class for merrill lynch and the dow was at 7 80., so we've had yeah granville said we couldn't go any higher right right. We had a long period though, and now now we're back to it. It makes me wonder those great you know we had 40 great years of of stock and and bond acts, and i just wonder it seems kind of now we made the round trip back to those numbers from from 1980. When you said, we didn't have delusions that we could control mother nature.

You know this is the thing anybody out there ever get water in your basement. Okay, when you get water in your basement, you understand how tough it is to fight and win against mother nature. But yet we have many of these countries that think that they have mother nature under control. They have it all figured out that they're really going to be able to recycle these horrible batteries yeah.

I don't know joe there's a lot of issues out there. What kind of mogul were you talking about like a on a a ski slope, up that people are looking at a mogul? Is that what you said? Yeah, like skiing yeah, like skiing, i'm afraid of those the because i know i'm gon na cross, my tips probably and it didn't take a header or something uh so that that that's a very good analogy, and i understand it deep, do you ever worry you you Just your knees are are still so good that you you're just like a child. What fascinated about is, i don't worry about them. Is this what you just challenge is like double diamond mogul: slope content: i'm not like racing down them, okay, but you can't traverse.

What is this? No? No! No! No! No! No! I think i like this. You never cross your tips. I try not to yeah. We all do don't we all right, yeah, all right, uh! Thank you! Don't we oh he's listening to lionel richie, don't cross your tickets for your eyes only that was a while at 780 on the dow.

You believe that i've never watched cnbc. This long i didn't know this is their content. In the meantime, oil price is a huge part of the inflation story and joining us right now is jeff. Curry, he's goldman sachs global head of commodities, research and jeff.

You had called this kind of super spike that we've seen in commodities from a couple of years ago, since that call commodities have been up incredibly sharply. I think one of the indexes that tracks all these commodity prices up about 125 percent. Does it continue? Absolutely? Yes, so do not look to commodities if providing any reprieve um to these inflationary pressures. The only way you solve this problem is through increased investment to grow supply and right now, if capital availability is just not there, there's a capital deficit in these markets, like i say it's not about the supply and demand of the barrels of oil, it's about the Supply and demand of the capital used to create those barrels of oil and whether if it's capital markets, retreating because of esg constraints or credit through bank lending, retreating because of you know, leverage ratio, constraints um at this point right now.

This market is severely constrained of capital and you can see the implications. No investment in terms of you know greenfield catbacks or any type of longer term capacity expansions. You don't see the investors in these markets, you see liquidation of financial positions and liquidation of inventories across the board, and you think about this market is twice as high as where it was over a year ago. So it needs twice as much capital and it does not have that capital.

So this is a very serious problem, that's probably like, and i also want to point out right now today, you're at the weakest point in time we have covid pressures in in china that are likely to be temporary and you have the spr which is temporary. These are not long-term solutions to a structural problem, they're much more temporary. We we know anecdotally, that that capital has been more constrained. Is there any real data that points to just how much more constrained it is how much capital is available now versus how much was two three four years ago? Oh, i, if you just look at the flow of funds into the sector, you know over the course of the last year, out of 300 billion 299 went into esg funds uh, you know a billion went into actual commodity funds, and so the restrictions are significant.

Um. Then, when we look at you know overall capex in into oil, you know over the last five years, you're down 35 percent um. That does not, and you look at the demand yeah you had covet in that interim. But you know demand levels today are at and higher than what they were in most commodities from pre-covet.

So you need that capitalized. By the way. I can point to point. You know just look at open interest in the oil market.

It has collapsed just in the last 12 months. Um you look at uh fund, you know positions of of you know commodity investors. You know back in 08, they were 300 billion dollars today, they're running around 220 billion dollars um. So i can keep going and give you fact after fact, there's no money in this sector all right.

Let's talk through the politics of this. Last week, you had all of these ceos of the big oil companies get called before congress and get accused of price gouging. Basically, um and being blamed for higher oil prices, because they're not spending more capital as you're. Just talking about this is boring.

It sounds like they're not coming back to crossing the tips type of conversation, so, let's get into the real stuff. None of this phony baloney type of garbage well for those of you who are tardy to class today. This is a demerit on your record, but i will still share the information with you because that's how nice of a guy - i am consumer prices rose 8.5 in march, slightly hotter than expected and the highest since 1981.. Here's what you need to know expectations were 8.4 year-over-year.

It came in at 8.5, that's pretty hot, actually yeah pretty hot. So with this, obviously inflation, not transitory uh. You might remember a couple months ago. I don't know maybe like drank it out of your system or something, but yes, we were told for quite a bit of time that it's transitory not to worry about it.

We're gon na get you that soft landing we're a-okay um yeah! That was a lie that that was a lie. It almost makes you wonder, even though these decisions are made by apparently people who have the best most expert level of understanding of the economy, monetary policy, the interaction of the two and also what's going on with the stock market um makes you almost want to ask Them, maybe you just don't know what you're doing. I feel, like. That's a pretty pretty fair question.

Maybe none of these people actually know what they're doing and maybe they're a little bit more concerned about. I guess their own perception, keeping their own job their own yolos. On robin hood speaking of yolos, obviously i'm going to be talking about lmnop. We are up big, big big on lmnop um.

It's actually to the point that it broke the chart uh. This is something folks. I've been trading for like at least six days now and i and when i say that i'm saying it because i'm coming from a position of authority with almost a full week of trading under my belt. I've never ever seen to the point where it just breaks.

The chart we're living in history on twofold, a four-decade, high level of inflation and then on the other side, we have a chart, that's ripping so much. It actually broke it. So we'll talk about that bit more coming back to the important cpi, stuff 8.5, when expectations were apm, four inflation is very, very expensive. Um month over month it came in at 1.2 when the expectation was 1.1.

This is the greatest monthly increase since 2005.. Now you might be sitting around thinking that your financial life sucks and you would be right to believe that um, the most recent reading for hourly wages compared to inflation, is a drop, a decrease of 2.7. If your wages have not been going up, you're down even more, even if they've been going up relative to inflation, you've actually lost 2.7 and then weekly is even worse. That's 3.6! In terms of the cpi, the consumer price index, when you're looking at when you're excluding food and energy, it came in at 0.3 when expectations were 0.5 month over month.

So that's actually looking good, but overall year over year i mean energy is up. Uh 11 food is up 8.8, there's a little bit of a break in the used car market, which is a silver lining. In the scenario there was a drop of 3.8 month over month, but year over year used cars are still up 35, which is a gargantuan jump um. So, overall the situation is bad.

I mean yeah we're talking a little bit about some of the silver lining here, but overall like no like it's not just you in your own head it, you are right, it does suck to be. You like. You are spot on quantifiably. I have the numbers in front of me that explains why it sucks to be you.

It's not just the thought in your own head, um you're right about that, especially from the financial aspects and maybe from the emotional aspects as well. If you did not go all in into lmnop um, so i don't know if you did you're, probably not worrying about inflation today, but for those of you who are a little bit late to the ride a little bit late to getting your ticket on this particular Rocket ship yeah, obviously you're under a bit of pain, a bit of stress right now, so we know it's 8.5 percent uh the white house says it expects inflation to be extraordinarily elevated. They also called it putin's price hike when this was all happening. I guess last week and then the start of this week i was explaining.

This is what the fed does. I mean. I said this multiple times of it seems like they get everyone in the fed in politics to get a heightened sense of emotion and get everyone prepped of like d-day, d-day d-day, and you see that in the market look at what they did. They basically just got it to drop.

They like kind of freaked everyone out, especially on the 8th and the 11th um. They freaked everyone out. They were like kind of prepping everyone they're like hey, it's going to be bad, we're going to do a 0.5 increase putin's price hike, inflation, inflation, inflation extraordinarily bad, like they were borderline fear-mongering, and then, of course, the report comes out and relative to how we were Mentally prepared, obviously now people are taking it in stride um. This is very much been the mo of our politicians and also of the federal reserve for the past couple cycles.

Now um they are trying to be extreme in one direction or the other, and then, when the news actually comes out, it's almost like a rubber band of, like effect back in the opposite direction, and that's why you're seeing the old pop right now all right, yada Yada yields right now. Dropping yields were super super elevated, but obviously they're dropping right now. So let's go over this. The five things you need to know before the market opens today tuesday april 12., stock futures flat as investors await key inflation report.

Well, now, they're pretty green 10-year treasury reaches its highest level since december 8, 2018.. Yes, they're still pretty elevated, but in the short term they are taking a breather right now march, cpi expected to show hottest inflation since 1981. Yes, the expectation was 8.4. We came in at 8.5 u.s monitoring claims of possible russian chemical attack in ukraine that could get pretty crazy because they're already trying to persecute putin for war trial crimes, shanghai's weeks-long, lockdown ease for some residents, but still overall, pretty pretty hairy.

So, if we're going to take a look at the big picture of things, big short investor, michael bourie, warns: u.s stocks are heavily overvalued and poised to tumble. This is kind of his thing like he always just is saying: hey it's a bubble. It's a bubble bubble and i guess if you i mean if you say that for your full career, like you're gon na be right, it's just more like to just say things are going to go down. Anyone can do that.

I could do that and look at me. I have no special ability. I hey stocks are going to go down. Hey stocks are going to go up like you, could cut that and be like wow matt was super right and you just wait for the day that stocks go up or down and be like.

He did say it um to me it's more important when you make a prediction and also give like your time frame for it. I feel like it doesn't really count. It's like you're playing pool, but you're not like calling out your pocket. Michael bury cautioned.

Us are hugely overvalued and could plummet in price. The big short investor noted that s p 500's price to sales ratio has nearly doubled in 10 years. Bury has been raising the alarm on a historic market bubble and predicting an epic crash. I guess he's just trying to get into movie number dose jp morgan's, quant guru says: investors should take some profits and sell stocks following march rally now before you just completely like mash, that cell button, i'm bringing this up to you, because this even shows who people Who are in the know and are experts and don't own duck shirts? They still don't know.

What's going on so here's one guy from jp and he's a guru um, so that has to be important. Investors should take some profits after u.s stocks staged a rally. Last month, quant guru said the house view is still pro risk and overweight equities. The investment bank trimmed its 2022 s, p 500 outlook to 4 900 instead of 50 50..

So you get this and the same day. You also get this five reasons. The stock market has found its bottom and is due for more upside ahead according to funstrat, so another one who's like hey, look at me, i own a suit. I must be important.

I must know, what's going on, because i own a suit like come on man. It's too easy to make a bear case for the stocks in the face of inflation and a hawkish fed and that's bullish. I love that reasoning. This is the coolest market reasoning you're ever going to come across it's too easy to make a bear case for stocks.

In the face of inflation and a hawkish fed and that's bullish, do you know how sick that is be? Like you know, all of our logical reasoning is one way and just because of that we're going the other way like saddle up brother we're going to mexico. Oh come on. I love this. I absolutely love this they're like inflation's, bad there's, a hawkish fed, it's so easy to be a bear and because of that we're gon na be bullish.

That is the best reasoning i've ever seen in the market. The research firm sees volatility ahead of the market, but expects more upside by year, and there are five reasons: fun trap believes the market already hit its bottom on february 24th. I don't even want to know the five reasons. I just need to know that you're so bearish, it's like a full circle event and you're now bullish financial media, financial commentary: this is the best stuff.

This is absolutely the best stuff all right. Russian imports have plunged on the back of ukraine war, but revenue from its oil and gas exports has more than made up for it. Russia's current account surplus hit 58.2 billion in the first quarter of 2022 uh-oh. There goes my chapstick a three-decade high, russia's revenues, oil and gas export surge.

While imports plunge on the back of sweeping sanctions, russia will earn 321 milli from energy exports in 2022 36 higher on year, so that number you might be like, but i thought we hit them with sanctions. I thought we said: hey, don't don't don't don't do that or we're gon na we're gon na be angry. You might think that and then you would be wrong. Russia will earn 321 million from energy exports in 2022 36 higher on year wow.

You could tell when the world hits russell with sanctions. We we mean our business, nothing like improving by one third, oh man. Oh man, a little bit of good news, u.s pump prices ride longest streak of declines since 2020. um.

So, overall, our price is still elevated. Yes, but in the short term, we're actually seeing a nice little reprieve in the world of filling up your car average national gasoline prices drop to four dollars and eleven cents a gallon on sunday, the lowest level since march. Sixth, so a little bit of a break uh still like, i fully understand very, very elevated, but what we've seen i mean at one point. I think the average got up to 450 450 460., so we are taking a bit of a breather there.

So that's kind of what's going on in the big picture type of things, but i do want to get into this just because we're talking about treasury yields and interest rates. All that is going to have a big impact and we are kicking off earnings season and the ones that typically start earning season are the banks, the companies who really care about interest rates so wednesday. Tomorrow, before the market opens, we have jp morgan, we have blackrock, we have first republic bank and then thursday, before market open. We have wells, fargo, goldman sachs city, morgan, stanley, pnc and ally.

So, as you can tell a lot of banks going to be pretty pretty important and also, i will personally be paying attention to the numbers of delta just to see what's going on in the world of air travel uh. If you're interested in this, you can find it on earnings whistlers at ewispers on twitter. I find it to be a very useful account. Listen up moon gang.

We got ta talk about our boy elon, because i personally find this story fascinating and i think there's actually something. We could particularly learn about this. So, to give you the tl, dr version of what's been going on with elon he's, making fun of twitter and then all of a sudden it turns out. He owns 9.2 percent and everyone's, like oh he's, just going to be a passive investor because they thought that, because of how he filed it and then he refiled it and he said i'm not a passive investor, i'm an active investor and you better give me a Board seat and they're like okay, sick man, we're super super super happy you're gon na join the board.

Awesome like we're we're totally not afraid of our job security at all. You should join the board this. This will be fun and he's like okay, super happy and then the day he was supposed to legally officially join the board. He's like nah gotcha, the old, the old elon musk trick he's like i'm not joining, and this has caused quite a bit of speculation.

Has he just lost interest in this particular troll, or did he dive a little bit more into the fine print and realize that if he is a board member, he can only own 14.9 of twitter and, if he's trying to do a takeover, he can't cap himself At 14.9 now i personally believe it's more of the latter case. I think he's about to do even more crazy stuff. I don't think he really lost interest, but i want to come over. Give you a little bit more detail of how a takeover is even possible and not related to russia, but this actually could include a poison pill type of an event so hold tight.

Twitter employees call elon, musk's, board seat drama, a sh-t show whatever. That means, as ceo warns of distractions ahead, these parag, who is the ceo. The current ceo of twitter, has been absolutely dunked on his life. Right now is waking up in the morning and then elon musk has like he's holding a basketball hoop above his head and every morning he's just slamming the ball right into his face.

He's like get up. Twitter staff were swamped by elon musk board seat drama, calling it an sh-t show twitter, ceo, perag, warned of distractions ahead, even though musk is no longer seeking a board seat, employees expressed concern over whether musk was a friendly or hostile investor. I think it's going a little bit more of the latter, and this is what's interesting. This is how elon musk could actually be taking over like this is how it would go in the business sense, so break out your pen get a piece of paper and let's learn a thing or two where elon goes from here.

You might be thinking mars, but it actually might just be his new abode, the twitter headquarters. What will the richest man in the world do next the short answer, whatever the hell he wants? Public companies like twitter are bound by a lot of small print, including corporate bylaws, that could stop musk from building up his position and make a hostile bid pretty difficult. He blindsided twitter by not joining the board. This was like the big news of yesterday all right.

So there's a couple ways: he could actually do this like in the world of business. This is actually how it could be properly executed. Musk could continue buying twitter shares at market prices, slowly, building up a position until he potentially with a sympathetic, co-investor or another. Current shareholder holds enough of the stock to control voting power.

But the issue with this is because of the way like our filings and regulations work. Everyone would know, because he's already amassed a certain percentage, really the fact that he's over five percent - if he were to do this buying more and more and more, it would be very, very obvious to everyone to the to twitter to you to me. This would be something that would be reported commonly, so this tactic not gon na be the best, because if he does do that and twitter doesn't want it to happen and they're seeing what his attempt is: bada bing bada boom, they could poison the guy. I'm talking about straight up, murk him.

Yes, that is legally above board. They could do that if they want well, not actually it's a little bit different. So if you want to know what a poison pill is, this is a tactic that they, if they see him, slowly acquiring shares and like oh man, this is what they could do. A poison pill is a defense tactic utilized by a target company to prevent or discourage a hostile takeover attempt.

Poison pills allow existing shareholders the right to purchase additional shares at a discount effectively deluding the ownership interest of a new hostile party. So it's more of a game of mathematics. It's a mathematical sleight of hand to keep him below whatever percentage he needs to get at to get the proper voting power. They would basically kind of cut off their nose to spite their face and like really dilute the company just so the hostile takeover is not possible.

This is the first time, if, i'm being honest, i've ever heard of a poison pill. Type of a thing. I think it's pretty cool and i hope you learned a thing or two so most likely this will not be the tactic if he is going for a takeover of twitter. It's just like the the defense is so obvious that it doesn't make the most sense for him.

He could straight up make an offer. Musk could decide to buy shares from twitter's other investors likely offering them at a premium to where the stock is trading. It'd be an expensive option just because it's already up and you're paying a premium on top of it. Tender offers often come with a requirement that a certain percentage of shareholders about 50 give up their shares for sale, so the higher the offer, the better the chances of success, wow you're, just explaining money to us.

Thank you plenty of institutional investors with stake, big enough to move the needle musk saver. If that's the path he chooses, so this is kind of in the realm like he can make an offer and like. I would almost call this like a sub option. Under making an offer is finding a particular partner.

Private equity firms seem to like twitter silver lake invested 1 billion in the company in 2020, and its co-ceo egan durbin still sits on the twitter's board. Also tom forte. Here said, it's even possible that musk could merge tesla and twitter into some sort of conglomerate, and you know how excited i get about financial conglomerates. So there are people that have large large stakes.

He could just partner up with them. It's all the game of. Are you gon na get the right percentage vote or you can have enough voting shares that you can do what you want with it, so he could play buddy buddy. He can straight up, make an offer and whoever takes it takes it.

He could buy him from the open market. That seems to be the least likely one and the final one - and i was alluding to this before he could also just be done with the troll. If this happens, he would probably be use a bank to sell the shares in a block trade. That's when we've talked about dark pools like this is actually where dark pools would be used.

It would be uh quite an end to a wild news cycle, at least until musk moves on to the next thing. So, actually, i think this is the most uh unlikely. I don't think he's done with the troll. The next least, likely one, i would argue, is buying him from the open market just because of the whole poison pill thing, and then i think, between tendering an offer and finding a partner.

I think some combination of these two is actually what we're gon na see play out in reality. So that's your quick elon update of what in the world is going on, i'm very, very excited, and it's not just because of the troll thing like it's fun to cover this from a content creator's perspective. Just because it's absurd - and this is basically he's worth 250 275 billion dollars - it's 13 of his overall net worth to straight up - buy twitter if he wants it. This is basically, if you had a child who like had all this money and they're like i just want to buy this entire city and make it uh like a giant chuck e cheese, because i can that's what's fun, i'm happy that he's our world's richest guy, Because he's exciting about it, he's not just like boring living it like a crew in some account somewhere.

This dude's, like hey, i'm gon na mess with the world. It's an ultimate troll, but i think underneath that it's actually really really important, because he seems to be doing this for his own moral version of truth in media and kind of really trying to fight against big tech censorship. So really, i see him in his own mind, taking on the mantle of really fighting for freedom of speech, which is something i will always always support. So as this continues to develop, i'm sure there's going to be more news on it, happily we'll be covering it.

But obviously let me know your thoughts on this whole thing in a comment below speaking of other just rich, rich people. This has nothing probably to do with your investment, but we started early today, so i have a lot more time to kill. So i'm going to cover other crazy stories. Meta spent a record 27 milli on zuck's security and private jet travel in 2021., 21 milli or 27 million.

Excuse me: men spent 26.8 million on security and private jets for mark zuckerberg. In 2021, the meta ceo's security costs doubled in 2018 and have been rising ever since the company's spent a private jet for has fallen a little since 2019.. I don't really care about the jet thing i just like. What's going on with his security like? Why is it so expensive? Is it like, i feel, wouldn't it be cheaper if they just trained him to be some sort of like super assassin? I don't know it's just an idea, but i just think maybe, instead of having people always around him like, let's just send them to every like crazy fighting force in the world like he can live with the navy seals.

The green berets, the red berets like, let's just send them around the french, like, let's just send them everywhere and turn them into a crazy like high level like assassin, and then we don't even need. I don't know it's just an idea. I'm sure facebook is listening to me right now, because they're listening to everyone just an idea and if you end up doing it, i would like a little bit of royalties on the idea, just just in case you're listening, which come on meta. We know you are listening: what is this uk prime minister, boris johnson and finance minister sanak to be fined for covet lockdown breaches? Oh speaking, of covid um.

If i end up just like not being around one of these days, you should know it's because my completely real girlfriend apparently has the rhona um. So i've done myself to completely stay away from her, but we are in the same household and i'm just trying to do my own thing, but i met, i feel fine, but actually maybe that'll be my best form of content. Maybe i'll just do these like roanish streams, but i really hope i still don't get it she's, not a happy camper um. So i don't know i'm trying to forewarn you and i'm just hope i don't get it just hope.

Just hope i don't get it. Um am i scared of rona that much yeah? I am folks. Let's make one thing explicitly clear. I am a big when it comes to getting sick.

Like i, i get a case of the sniffles and i am down and i expect the world to like care. I, like it might be narcissistic, it might be egotistical, but i legitimately think it should make national news when i get sick like that's what i feel about it, that's how bad i feel, like i a little case of the sniffles i at minimum. It should be like on the bottom of cnbc's, like mat cores like caught sniffles, like thoughts and prayers type of a thing, um the fact that it doesn't it legitimately angers me so it you will all know because i'll be complaining about it all day. Every day.

On whatever social media, like i guess platform i feel like complaining to like well, yes, you'll all know you will all 100 know right now. Things are still looking pretty green um. It seems like really what this reaction is is just we were so it's kind of like buy the rumor sell. The news, except it was like, sell the news or sell the rumor by the news, like they kind of inverted it just because we were so getting prepped for the fact that, like everyone was just telling us, it was going to be awful.

The u.s government, the fed many members of the fed everyone's like it's armageddon and then they're like okay, it's not good, but it's also not armageddon and now you're, seeing the relief bounce off of it classic classic, fed classic classic government all right uh. Let's look at some of these other things. Let's do a little bit of the breakdown here. So yes, well did it? Is it gon na gap fill i mean we're talking about the gap bill, obvious gap, bill 446.

You guys know me, you know how much i like gab fills. This is a gap daddy trade of the day. The first gap fill on the s. P 500 is at 4.

45. 94.. I don't know why it's slightly off, like that. That's going to annoy me! Gapfill, 445.

94. Probably a pretty easy trade. Now in the nasdaq there's actually two: you have one from friday's low at 348.50 and then you have another one at 359.93. These are the gap fills from april, 8th and then april 5th gap.

Fill gap fill definitely like a possibility for today at least the first one um uh in the russell there's only one and this one's a little bit farther away at 202 51, and this is the low from april 5th. So you have this gap from the high on the sixth and the low on the fifth uh, so those are some probably pretty freaking easy trades, uh, something that you could pay attention to on the spy, the queues and iwm. Now, let's take a quick look at amc: it's had nothing but red days. Ever since the 29th.

Yesterday we finally had a green day. It's green in pre-market would love to see it recapture 19 in terms of amc short interest, 19.85 percent coming down ever so slightly. All the other metrics are pretty much in line in terms of gme. Also, the short interest coming down at 19 costs tomorrow now up a little bit, but the other metrics, as we expect in terms of jimmy's, chart similar situation pop cutting coming down not getting as beat up in the recent fall off i'm talking from the 29th.

Until now as amc, but as you can see from the charts, they look very very similar we'd love for gme to recapture 150 nice psychological level, and i also care quite a bit about 160.. Now, let's talk about vuru, just because i see a lot of people talking about it, this had a approval, so this is a biopharma play which i have no issue covering. I just don't trade them, because that's just not where my knowledge base lies. This is um.

I'm not really an expert on anything in life um, but this is something that i'm very noteworthy far away from really having any knowledge to speak about. I could talk about the technicals. I just i'm not a biologist, i'm not a pharmacist. It's just not what i know about um, so this one had a crazy day.

Yesterday it ran 182, it's already up 13 in pre-market, and this is just the fact that it got some sort of approval. It was like a rona-related thing: hang on varuva veru right here, nearly triple value money recently: climbing 182 reduction in deaths of acute respiratory distress syndrome, ards um, so they, i guess, had a treatment that is doing very very well and it relates to rona. So it's especially with what's going on in china, particularly shanghai, right now, and the approval and what it's related to a lot of enthusiasm and it looks like people are even more ecstatic because it's continuing higher and higher. I have no position in varuru, but if you're making money on it, congratulations to you because this was a big big winner.

Honestly, i would argue it was the second biggest winner of the day. The first winner was lmnop and if you have not watched lmnop um, if you don't know what i'm talking about right there, if you missed it yesterday, there was a very, very exciting interview that i could show all of you about. Lmnop uh hang on. Let me get this ready all right uh, so this was breaking news yesterday.

This came out right after market closed bibliotheca and that's it for today. Well folks, i'm alfonso biblioteka and that's it for today's episode of nasa attendees. I appreciate your time and i'll catch. You again, i'm sorry yeah, i'm sorry.

We have a piece of breaking news. I i apologize for this interruption. It appears as if there's a new record in a single day stocking and the ticker symbol is lmnop. If i'm being honest, i don't really know much about this ticker or this company, but it it sounds as if we have a person who is heavily invested in the stock.

Who is willing to come on air live with us and discuss what in the world is going on? I have to admit this. What i'm getting from my producer, this all sounds very, very interesting, so it sounds like the traitor and or investor who's joining us. His name is kat moores uh, mr moores. Thank you so much for joining us.

Could you tell us a little bit about what's going on because from what i'm seeing right here? It appears as if there are gargantuan gains in a single day. Could you tell us a little bit about what's going on alfonzo buddy, thanks for having me thanks for having me, let me tell you what's going on with lmnop, because judging from that suit, you still don't know how to trade whatsoever. So there i was me and my boys the duck pack, we were doing our dd as we normally do. We were just going through the the rabbit hole of myspace and we're seeing everyone talking about lmnop i mean everyone is talking about how this thing is primed up buddy and, as you can see, that's exactly what it's doing and i'll get into why, but i think It's gon na keep on going going going.

Man i've been here. I've sat with you, i've chatted with you, we've talked about gamestop, we've talked about amc and there's some sus stuff going on here, but i have never never never alfonzo seen what is going down in lmnop in any other equity. My boys and i we called up scuba steve. We hopped into them dark pools, and it is chaos.

It is world war trace me amigo. It is going down short ladder. Attacks left right in the middle and retail caught them citadel virtue them hedgies. They can't hide for long.

We are ready to go, we caught them plain and simple. This rocket is going not to our moon. We got ta talk about another solar system, wow. That definitely sounds like something that the sec and perhaps gary gensler should look into himself.

Now, do you think that the stock will continue higher and if so, what do you think will be the driving force? What will cause it to go? Higher lmnop is basically apple on the blockchain and it's creating a synergy between all crypto and equities man. You got to get with the times, but this is this ain't just apple 2.0. This is even better. It's apple, meets blockchain synergy, synergy, synergy, synergy, and that explains why, just like my boys, warren buffet and bill ackman, i've sold everything and i'm going all in on lmnop, because this thing's going to the moon.

Let me put it this way to you. Alfonso there's a reason why our boy elon isn't joining the twitter board anymore because he doesn't have that much time in the day and he's gon na be on the board of lmnop. Everyone knows this: you got ta get on the rocket ship, while you can man. I really appreciate your passion, kat now quick question before i let you go, i'm curious.

What would you say to all the people most likely ingrained in wall street, the hedge funds, the big banks, the institution people who recently seem as if they're against retail traders? What would you say to them, because i'm predicting that they're of the mindset that lmnop is simply overvalued and people should stay away from it? That's a good question. What would i say to all the naysayers? I guess i would say when you're talking about lmnop, it's pretty reasonable to bring up your abcs and then, when you're talking about your abc's, i would just bring up the old adage of fu. Well, there you have it folks that is mr cat. Morse, a pico influencer, who also happens to be a cheez-it aficionado so for any of your cheez-it related inquiries, make sure you go find him on both youtube and twitter.

Well for me and the nasa attendees family, that's what we have for you in today's program and we hope to catch you again real soon, honestly, the fact that that was the only media source that covered lmnop. That tells you all you need to know like it really really does i mean it seems suss to me that everyone else, all i could assume, is paid off to not discuss the literal best performing stock in the history of the stock market on a one-day trading Basis, the fact that only i don't i, if i'm being honest, i don't know who kat moore's is. That was the first time i like, but i like him like, he seemed fashionable like he seemed a little bit over the top, but what he was the only like everyone was in on it, and i don't know i guess i'll like reach out to like the Nasa attendees team over there and like give them a little bit more of like factual information for my tastes like i think cat was being a little bit bombastic, but he brought up some good points like if you look at what's going on with the dark pools. It's crazy, i don't know who scuba steve is but man, oh man like it.

It was a very valid point like he was bringing up good stuff and, like i didn't, look into it, but he was saying that he had. I think he had some like metrics on the amount of short ladder attacks that was going on in the dark pools, which is just crazy um, and it's gotten to the point folks. I don't know if you need anything else, but lmnop is literally not even showing up on your charts anymore after gaining 69 000. Yesterday, that's insane, that's absolutely insane that all of them have banded together and it's exclusively being traded in the depths of dark pools.

That's the only place you could find it right now, which i don't know makes you wonder, makes you wonder where the sec is, but obviously everyone who got a chunk of that lmnop trade uh! Congratulations! Oh i'm! Already. People already told me that it was. It's already been halted already been halted. Wow wow halted in pre-market trading news pending all right.

Some people are actually calling out a move in sheep. What happened with sheep? What is going on with sheep alfonso me amigo. Oh, it's making quite a what's the news. Uh game story: joke lmnop, filtering some flow of money and market share for more energy, something.

What is that? A second to last word brendan data sheba on hood? Oh, they listed it on hood well, congrats, if you're in chief, but i still hate hood but obviously um. I think that was something that people have been asking for like a long long time. Well a little reasoning of why it's up. I appreciate you guys sharing that with me.

Elemento peace over qrc calls go bur cheese aficionado. I did keep my profit and though i'm taking my l mp, gain straight to p, o n m l and doubling up what's the ticker for lmnop, that's it it's lmnop! Uh, what else do we have going on? I'm thinking she's an aficionado that guy he seemed cool. He has a cool vibe a little over the top, but that cat morris kid. I wonder what his trading background is we'll see if we can get him on for an interview on our show.

It would be interesting to just kind of like hear a little bit about his story a little bit about his story. Um she got listed. So is this: did like robin hood, robin hood app. You can find your robin hood.

I thought is this it just right here i didn't know if they were doing more, we dropped a new crypto and we're giving away 100k of it quote.