Foreign foreign. Thank you Thank you. All right Brother oh brother oh brother. Good morning there Brothers Good morning there brother.

Hope you guys are ready for a good old good old. Friday Inflation Report Day: I Got a couple complaints last week of not being professional enough not wearing a collared shirt. So here you guys have it. We put on the old collared shirt just so everyone can come stop complaining about the professionalism of this show.

The collared shirts on you have nothing more to complain about. So there we go. Good cup of joe. All right.

I can't hear you guys at all. We might as well throw these things on. let's see what the world of the interwebs are up to today, brother. See what the big brother's trying to push to us? You know you know we have about one minute exactly until we get another inflation report.

What's everyone's vote? On the day we going going up, we're going down. We're going sideways. Let's get this thing going. let's get the party going.

TGIF Brothers Brethren Brothers Oh here we go here. We go here we go. everyone. Buckle up.

We're gonna be. We're gonna be on one this weekend that's for sure. Oh Brother oh brother, Shout out Zero happy Friday To you happy Friday To you Zero. That's what's interesting is your name is exactly how many grades I pass in school.

How odd is that? All right? All right. Brothers We're gearing up for a good one today. We have a mere actually it should be coming online now. the market just took a hit.

Uh, but CNBC I Guess is running late. Hey, they weren't the only ones late to class today. Currently trading at 445.50 What's going on? CNBC Get your together at least I wasn't this late. You know it's called being a professional I bet they're not wearing collared shirts today.

Athletics.com Wow, How late could they possibly be today? That's embarrassing. 30 seconds Only here. Live at Cmehq with some important breaking news on this Friday Producer Price index for the month of: July Headline number Expected: up two tenths is up a little hotter. up three tenths.

That's the hottest since May Oh, excuse me, that's the hottest going all the way back to November when it was up four tenths of one percent up four tenths. the markets are doing rates just turned around. Strip out food and energy. Also, yes, it's about food.

energy and trade exactly is expected up two tenths. Before we go, a little hot, there revision started coming in a little bit hot, brother, this should zero successfully. That really makes the market. let's look a little more exaggerated.

Okay, let's go to the year over year numbers now. Year-over-year Final Demand: Up Eight tenths. One-tenth hotter than expected. Uh, hotter than the two-tenths revision in the rear view mirror that started out as 110 and eight tenths.

These are looking a little bearish today since May when it was up nine tenths again. I'm 2.4 one tenth hotter than expected pretty much equal to the rear view mirror which was also 2.4 which by the way happened to be the lowest level since January of 21 when it was 1.9 and finally year-over-year X Food X energy and X trade up 2.7 two tenths hotter than expected uh, equal to the rear view mirror. However, last month it was released to 2.6 Now becomes too, looking a little heavy, so we see that all of these metrics are a bit hotter, looking a little heavy going for a minute at one point. Generically speaking, I Would think that after we see the volatility here, most likely we're going to be going Happy Birthday week.

And that is the longer maturities are a bit stubborn, short maturities are a bit more well behaved in terms of higher rates. doesn't look like a September hike is in the cards for the Fed. And just to throw this out there, especially for those that were of of mine to remember the Brexit days UK Today's preliminary second quarter GDP was up two tenths. a really solid quarter and unlike the other parts of Europe that are part of the EU certainly see seems though the UK and their Central Bank have a lot more to contend with with inflation because their economy is doing better.

But what's the lead back to you all right? Rick Stay with Us. And you mentioned the popping stay with Us brother. particularly the scene of that on the NASDAQ futures. Continue to watch that.

Meantime, let's bring in senior economic supporters: Steve Leesman, along with Stephanie Kelton Stony Brook University economics professor and EJ and Tony Economist with the Heritage Foundation Steve will go to you first um yesterday I mean that's if I've ever seen a murderer before service the measure of margin clearly generally been coming down as we have kind of exited the period of supply chain backups and those sorts of things retail margins other things have fallen. There's a really weird line in this report that I'm hoping my, uh, our panelists here know what to do with. um, this is her final Market If it is what it sounds like, then somehow, uh, the the price for managing people's money went up I'm not sure why that would be or maybe there's some other indication the Uh PPI has been a bit of a black box as to how it's calculated and what's in it since they went to the new methodology. So I am not going to get overly excited about this thing being higher than expected if if a big chunk of this uh Miss comes from an increase in portfolio management Melissa EJ Can you shed some light on on that small little part of the PPI which may actually change the way we view it? Certainly, you know a lot of that I think has to do with the inherent volatility in the PPI we should remember that unlike the not seasonally adjusted numbers which stay where they are, the seasonally adjusted month-to-month number is revised for the next six months.

and so you're absolutely right that we will likely see a revision there. However, by at the same time, we need to remember that other categories will likely be revised up so I wouldn't dismiss this as as simply a one-off and that prices are not Rising as fast as indicated in terms of the aggregate level here. Whatever you say, I think that's an unusual category category have driving so much of the increase for this month? I'm not going to make too much out of this. I think Steve is right I think uh, the other guest is right I Think we're gonna have to wait and see.

let's see what happens after the revisions come in. But that's a very unusual thing to see. Steve I Want to go back to you because yesterday we really took a turn in terms of the gains that we saw initially on the back of CPI. The markets thought that that would be another reason for the FED to remain at Bayer to declare Victory and then Mary daily first number today.

Sort of underscore though. That message. What a professional of the increases that the FED is not done and maybe that's something the market has not really come to grips with. that possibility? Well, I'm going to answer that in two parts.

The first is that I I think the market wants the um, the inflation story to be this linear line down and what we hear from Powell and others linear lines. Exactly the inflation story to be a bumpier story that once, uh, you come along one month and things can bump up or bump down like like there's a PPI report in general. Uh, the belief: I've got people like Ian Shepherdson writing that they believe deflation is in the cards for next year, but it would take time for stuff like that to develop. It's not going to be a straight shot down, even though the market wants it that way.

The other thing is, uh, the FED is not going to tell us that it's going to be reducing rates on these, uh, two months of of uh of good inflation numbers. Uh, for a couple reasons. First of all, they got burned wholesale prices I'm quite ready to say you know we want to loosen Financial conditions on our own I Think the FED is going to get where it needs to get over a period of time here when the data turn the way they turn and when the market sort of gives the FED leave to do Apple Heavy 177. right now Tesla Heavy 273 Nvidia heavy Futures Steve to Jackson Hole Are you already packing? Getting ready? modeling I'm thinking a lot about Jackson Hole and whether the Fed's going to address what we're going to learn from rethinking about Powell's very forceful speech last year on inflation I Know he played for that.

Whether this is a year, he's going to be backing off that. and I'm getting my wardrobe together too, which as you know, is very important for whatever is getting worn out in. Jackson What about the fishing? What about the fishing out there? You know it used to be a great fishing experience, but now we work really hard there. We start at four in the morning and we end at four in the afternoon.

so there will be some fishing, but not nearly as much as there used to be. That's a shame. That's a shame. Um Stephanie Do you think that the you know what what should? Jerome Powell Definitely do they give Joe off today? Well, I think he's probably going to do exactly what Steve said, which is to continue to, uh, reaffirm the Fed's commitment to seeing inflation return all the way down into two percent.

that's about 50 cents on the inflation front. How much of that progress is due to, you know, the policy tightening by the Fed, and how much it is due just to frankly, organic causes as the economy has shaken spike in inflation. So you know he can stand up and take credit for a lot of what has happened, and he can assert that the FED stands ready to continue to do more as necessary. data dependent and all the rest of it.

And Steve if you want to come out and Fish on Long Island we'd be happy to host you out here. I I Definitely I'd be happy to get on that note, the Market's going down. You've been out there. but Stephanie You have written a tweet or two here that you're saying that the Fed's interest rate hikes have had nothing to do with the decline in inflation.

I would like for you to explain yourself What? Yeah, I went quite that far. Steve I I Said it's hard to see how the rate hikes which remember Jerome Powell has been very clear from the beginning In Fact: When he was holding off on rate hikes in the initial phase of the Uh run up in inflation, he was saying look, our tools are designed to work on the demand side of the economy and most of what we're witnessing is uh, inflationary pressures coming from the supply side. So now you say okay, we've got about a year tightening under our bells and you look at the economy. Unemployment is three and a half percent.

investment is in a kind of Boom Uh, inflation has been coming down. Uh, growth is up. The Atlanta Fed's real GDP is tracking 4.1 percent for the third quarter of this year. So if the rate hikes are in fact working as they're supposed to do on the demand side of the economy, what I'm saying is I Just don't see a whole lot of evidence for that.

And and let me just add that one of the names of the rate hikes too That doesn't I think get nearly enough attention is that they work in part through the fiscal side. So the rate hikes are pushing because rates go up and the FED Uh pays out more on in the form of interest on reserves and the government is paying more uh to bondholders. so net interest expense is exploding as a percentage. we we are out of time.

um, but a great discussion. Thanks to all for joining Stephanie real quickly. Portfolio Management think Portfolio management. Why was it up the rate hikes? Think about the banks that went under.

Portfolio management is dealing in the economy raising rates and by the way, wage price spiral. I'm starting to rethink inflation completely. just like the long end of the market when I see UPS 170 000 I know what it means their new contract after five years I don't I like when Rick gets fired up gets me fired up. Price spiral Administration Spending questions go fishing with Steve All right thank you.

He tells him when he's done. Okay coming up. Paypal became the amazing the first major U.S Financial Company oh you have an advertisers to run their commercials it comes in Bitcoin Rick has the points he's not gonna Florida Governor Ron DeSantis This guy. There's no way you can convince me he hasn't murdered someone.

Look at that stare that is a KGB Sleeper Cell Agent Sir: if you're watching. first of all, don't sue me. It's a joke. And if I'm right, please don't kill me.

because once again, it's a joke. I Don't mean to blow your cover or anything, but you look like a guy who would be a Sleeper Cell agent and you're super stoked for someone to Rattle off the code for you to like become active so just want to throw that out there. if I'm wrong, please don't sue me. If I'm right, please don't kill me.

And if you're not watching. Okay, cool, but murder clearly looks like have we seen someone with that kind of goatee who has a squeaky clean pass. Like statistically, the Venn diagram overlap between people who haven't murdered and then who have that goatee. There's no intersection.

it's just in fact, it's two circles. There's no Venn diagram there. Check it out. If you don't believe me.

check it out. Fact. Check me on it. Fact: Check everything I say on the show.

but um, I'm feeling pretty confident about that one feeling. Actually, why wildly confident about that one? So anywho, Market Not like in the news Market is not like Mullen Just had to do another reverse split to not die. A one for nine reverse split so it doesn't get delisted. What a company! What a company! Oh man Oh man uh.

All right. so things are looking a little bearish today. I Mean I'll leave it up to you. Maybe you guys are feeling a bit more bullish than I am, but we're now for the fourth time testing this 445 level.

We just got an inflation report that's a bit hot. If the market needed something to sell off for two or three bucks, two or three buckaroos, it'd be today. We'll see. Maybe there's going to be a lag effect.

Maybe everyone's taking the day off because it is the summer. Friday Maybe they're looking ahead towards next week, but my initial bias is to the downside. Now that's a bit complicated. That's a bit complicated for old Cat Moors here because I Got the notes from Matt Cores yesterday and I looked at all the strategies he was running I was trying to make two cents of all the weird numbers and scribble, scrabbles and code that he wrote and to the best of my knowledge, everything he did in terms of that breakout strategy was all to the upside.

It was all bullish that Matt Core's nerdy walk and bag of mayonnaise didn't tell me anything about the odds for going short on an opening range Breakout which makes it complicated, but when you really think about it, how complicated is it? Is anything in this life more difficult than ripping down the road in an old Ford Bronco an old 94 Ford Bronco Sometimes you can't let Jesus Take the Wheel Sometimes you have to take the wheel and sometimes you just need to rip it up down the other way and make some money. So we're going to be doing that as soon as that Bell goes Dingy ding ding ding. We'll show you guys how we do it. We'll show you non-believers how it's done here.

I Don't need any of that fancy schmancy nerdy ass math for Matt We're gonna do it. We're gonna feel it out. We're gonna feel it out. just the way you do when you go eight seconds on a bull.

There's no practice for that. You just do it. You just do it. There's people.

There's two kind of people in this world. There's people who ride Bulls successfully and people who don't ride Bulls successfully. My question to everyone this morning is, what, what camp are you in? What what camp are you in? Also, potentially more importantly, I would love to get your thoughts on the day now that we have the PPI report coming a little hot, a little high, not as high as Snoop Dogg but definitely as high as a giraffe's tongue. That's not the actual saying for the old people in here.

or at least maybe it was just my dad. uh, he had some wild sayings about the height of certain things on giraffes. uh, which? I Don't think I could particularly say on this show, but maybe you know the saying and then there'll be a small smirk on your face if you if you know where I'm going with it. Maybe it was just my crazy dad who just had to do crazy things.

I'm really honestly not sure I don't know if it was a well-known saying, but he had a saying for everything. Um, are you guys feeling red or green today? You got one person's answer GSG Mclovin's answered shout out GSG The guy who is. we're still trying to find the penny stocks for him. Still trying to find those penny stocks.

Search Penny stocks. Uh, but he's at least voted everyone. You gotta cash your vote. So we have B up grade.

Where do you guys come up with your names? Do you seriously like before you create your username and you think? let me try to find the most complicated, convoluted name ever. So when a streamer reads it out, it just confuses everyone. Is that your life's goal? look at Sean Carlos In here, you know, not the normal Sean it's seen Carlos But at least that's a readable thing. Sam B Another reasonable one.

and then we just have ones that go off off the rails. They make no sense. You basically hire a kitten to run across your keyboard and when it's done, you're like, all right. That's it.

That's the name. That's it. That's the name. Red, Red Red for a month.

Well, that's a bold, bold, Co-op and maybe read this: Casey J is it Casey J Casey J Did I get it right? Because if I didn't let's just pretend your name is Casey J uh I have calls so naturally read well. why do you have calls? Things haven't been looking? Nope. Well it's Casey J now brother Casey J now brother uh love the piece on the billions going to Ukraine yesterday Dan Plank backwards made that for you. He left me a note.

when I came into the studio this morning he said hey man I need to take Friday off I guess he got a new cat that he's taken care of. Uh so he said he's gonna start spending Fridays with his cat I believe the name is Piper and he did leave me no He said hey, if you see Dan in chat let Dan know that the video on Joe biding spending 24 billion additional dollars on Ukraine instead of Shoring up any of the issues we have in the U.S was specifically for him. So very happy you were able to tune in this morning and I'm happy to be able to relay that note to you man. Much appreciated Dan Are you doing zero? DT puts today no I will be taking the full Futures account and betting it against the market with no knowledge of the statistical edge of that playing out or not.

So we're gonna see how that one goes. That video was Rife with F-bombs um I'll take that commentary. Uh, fill out a complaint form for you and I will get it to the Mac core. Studio Execs: Um I think they'll get back to you in about three to five business days.

Um, now do you actually quick as I fill out this complaint form? Do you want me to write F-bombs or the actual F-bomb Um, and also, do you have an email that they can respond to you and um, well, I need an email and the proper way? You want me to fill that out and we'll get it. We'll get it back. We'll get it back. Uh, hello, everyone.

Sally Basic Sully Bay ZIP You know there's been a couple times in this streaming career where I get tricked into reading someone's name and I've been tricked into saying absolutely horrific things and it makes me feel stupid every time it happens because in retrospect is pretty evident. but in the moment when they're like hey, wish a happy birthday to like whoever and then they say a name and some of them are humorous and then other ones are like actually straight up bad and I've fallen forward a couple times and It embarrasses me every single time, It's not a complaint. if you don't use it, have fun. Uh, I recall some of those from the early streams I died every time.

What in the F-pop is going on? All right, we do have some things to go over so everyone buckle up for the cat more show stock feature slippers Traders Prepare for another U.S Inflation report. Well, I'm sure by now they've updated it. it's probably Market sells off on a hotter than expected inflation report S P 500 future slide after wholesale inflation report is higher than expected I Think I could come up with better titles. Honestly I think they should hire me to be their title Master But yes, early at 8, 30 an hour before the market opened, we got the PPI Inflation Report Producer Price Index.

We were expecting an increase a month over month increase of 0.2 percent. came in at 0.3 Inflation is high. not so good. Market Going down on it.

Fear not. Biden Embraces July Inflation Report That's bidenomics I Love it And this. I'm going to pick on Biden just because he's the current sitting president. But in reality, this is true of literally every single politician left right in the middle, elected unelected.

It doesn't matter. politicians, if anything seemingly goes right under their tenure, they did it. They politicians are the kind of people who can take praise for anything that goes on, even if it has nothing to do with them at all. By Dynamics by left and right, leading economists by Dynamics is nothing special.

No one's sitting there saying dude, this fiscal this monetary policy is where it's at. No one's saying that except for Biden's team I don't even think Biden's saying it I don't think Biden really knows what's going on in all reality, but his team is saying it. The amount of times that that guy's tweets get fact checked and there's Community notes because he's like this is the strongest job market we've ever seen because of me. and then they cite data that's technically true, but the lens at Woods it's being looked through is so egregious that it's actually always getting fact checked.

So in reality, is Bionomics good? No, not at all really like no one's saying dude, we need more of this please More and more and more Biden Fears China's economy is a ticking time bomb. so I wanted to highlight this because of what else is about to come out here. but we've been noticing now for a couple months that the macroeconomic reports coming out of China are not so buenos. So even though I'm gonna hate a little bit on this concept of biodynamics being great, his commentary of a ticking Time Bomb potentially not that far off with eyes on Taiwan New China band shows the US may be learning lessons from mistakes with Russia U.S moves to ban certain investment in China suggests that Western allies may be learning from National Security failings in Russia The White House on Wednesday announced a ban on some U.S investment in China in sensitive technology in the latest ratcheting up of Washington's disassociation with Beijing so probably actually smart.

But this if if in a world that the China's economy is actually on tilt, this will cause it to go a bit more. They very much need U.S investment to keep the pony show going. So right now it's not like at the extent of saying no investment, but there are certain sub-sectors really related to semiconductors that the government's like uh-uh we're not doing that anymore Chinese Tech Giant Huawei reports tepid consumer Revenue growth for the first half of 2023. I Just want to bring this to your attention just because it's another piece of evidence that China their economy not doing as good as some of these very very large hedge funds are trying to be like yeah, you gotta invest in China You gotta invest in China You gotta invest in China when in reality it's a little bit questionable and now obviously the administration isn't doing it to protect you.

they're obviously doing it more so because the National Security but definitely something to pay attention to as the world's second largest economy. If there's a big hit there, that could obviously have a drag down effect on a lot of other things going on. Now, this isn't really anything to do with the Chinese company, but just an interesting update. Recently we've been tracking oil going higher and higher and higher at the moment I'm talking about this oil is currently trading at 83.37 a barrel and I've been taking advantage of this through an investment in Occidental trigger symbol o x y I've been in it for about a year I got into it because our brother Warren Buffett has been buying it and buying it and buying it.

He now owns over 20 percent of the company. Beyond that, why did I like Occidental Well, I was bullish on oil but specific to Occidental compared to Chevron Exxon it has interesting technology related to carbon recapture, so if the political Scene goes that way which it looks like it is, that's going to be a benefit to Occidental Occidental and climb Works Big Winners as Biden allocates billions for CO2 removal Occidental relative to Exxon Chevron Devon has interesting carbon recapture technology. So when I know that when I'm bullish on oil and I see Warren Buffett loading up on it, more and more and more seemed like a smart bet. Unfortunately, I'm still slightly underwater I need Occidental to keep going higher above 67.68 just to be break even I should have been selling covered calls against it.

That was my mistake. but anyway, just want to bring it up of what's going on. It seems like there's going to be a political Tailwind supporting Occidental and also climb Works a thing I've never ever heard of before. Amazon Shares can rally more than 65 as Cloud Revenue growth re-accelerates So right now in the world of cloud computing, a sub-sector that I am absurdly bullish on Amazon dominates, followed by Microsoft followed by Google And then there's other companies kind of in there.

So there's like some Upstream things such as Nvidia and AMD that produce the hardware required to make this happen. Then you have some Downstream ones like it's all being pulled off through like Ai and gaming. So this whole sector is very, very interesting to me. this concept of cloud and I'm bringing this up now I am a fan of Amazon It's doing well.

it's Cloud revenue is getting better. so something to look at. This is an aspect of Rumble that I think not many people are talking about. So right now, shout out to everyone on Rumble I'm happily streaming there I've been there for now What? two years? Uh, simultaneously doing it obviously on YouTube and Twitter when people think of Rumble when they talk about Rumble and rightfully so, they think about it as a Content platform.

But please Don don't forget that in the background. And this is discussed in all the earnings: how they're building out their own cloud. So I'm looking at this giant giant pie that is all the money in the world of cloud and cloud computing. Even if Rumble gets a sliver of that, that's a big big add to the bottom line of the overall company.

Now am I expecting that particular fruit to be harvested anytime soon? No, because it takes a lot of time to build. Out full Cloud Infrastructure that is not a negligible task. It takes a lot of time, a lot of effort, A lot of Smarty Pants people. So I have faith in it in the long run and every single quarter.

especially I'm in the fortunate position that I get to be down there and host it with them. Don't forget. Monday Monday Monday Monday Monday Monday Monday Monday We will be streaming from Rumbles offices in the morning for the normal Morning Show Uh, well actually not the normal. Morning Show will be the condensed one about a half hour because there's other shows that run there and then in the evening at 7 Pm I will be streaming with Chris Pavlovski the CEO of Rumble this is coming up Monday the next Monday in our lives.

Mark your calendar, mark your calendar. If you haven't marked your calendar, what are you doing? Mark Your Calendar! So we'll be doing the morning show from 9 to 9 30 in Rumble studio and then at 7 Pm Eastern I'll be interviewing Chris Pavlovski of whatever goes down in the earnings call what happened in the last quarter and what they're looking forward to in the upcoming quarter. If you have any specific questions that you're like dude, you need to ask Chris This Send it to me DM Me: Find me on Twitter Find Me on Instagram Find Me on MySpace Find me wherever you need to find me. but DM me if you have a particular question.

So I just want to throw that out there. But anyway I'm bringing this up because really, what I'm interested in hearing is the current progress and trajectory from Rumble on their Cloud infrastructure build out. So I just want to know what's going on there ex-ceo Linda Yakarn how do you say Yakarino explains reason for getting rid of Twitter name I'm Sarah Eisen Live today from X's corporate New York headquarters joining me exclusively in her first TV interview since taking on the new role is X-corp CEO Lindsaycarino Linda Thank you for having us here today! Sarah Thank you for being here! Thank you for visiting us today! It's so exciting and to be on Squawk on the street is a real privilege. so thank you before we get into the reasoning I Want to know from you: Do you think the brand change from Twitter to X was a good move? Thumbs up.

Bad move? Thumbs down. Let me know. Uh I well hang on I Don't want to share my opinion I Don't want to I guess Make one of you just agree with me or instantly disagree with me because you have fun doing that. Um I Want to know? Do you think it's a good move or a bad move? We're glad to talk to you.

We have a lot of questions and and I think we should start with sort of the most recent major announcement which is the company now being called Bad Bad I Don't care did you do this? Rebrand I Agree with you folks. First of all, I don't think is that smart I need to rewind a little bit. It had so much brand value in Twitter and tweets Elon has been talking about X the Everything app for a very long time. Even when we announced that I was joining the company, I was joining the company to partner with Elon to transform Twitter into X the Everything App so you know I I Also at the heart of the Rebrand X we need to keep our minds open that it's developing into Twitter already.

Yeah, Free expression where the public gathers in real time and I want to stop on that for a second? because in real time is what's most important about the vibrancy of X and how people interact with it. People already did that on Twitter It's all about One seamless interview. That was the point. So think about what's happened already since.

solid. The acquisition, right experiences and evolution into long-form video and articles. Subscribe to your favorite creators who are now earning a real living on the platform which is so exciting. You look at video and you look at soon.

you'll be I Mean there are some videos she's acting like it's a complex to anyone on the platform and then payments payments. There's been a lot of talk about that payments between you and a friend, between you and one of your creators? Yeah, uh. so there's been a lot going on in the Rebrand represented really a liberation from Twitter a Liberation that allows us Liberation passed a legacy mindset and a thinking how everybody who's watching around the world it's going to change how we congregate, how we entertain, how we transact all in one place I Understand that you're you're trying to present something new and a bigger idea. Yeah, but you're you're a brand person.

Twitter was a strong brand. You have tens of millions of active users even Meta with the name change didn't change the name of Facebook. Some people think it's like changing J J changing Band-Aid Well I have to say I think uh, we could spend some time to talk about what bold ambition brings bold ambition that the team at X has delivers great experiences and great new products on Twitter or you stay, uh, whatever your previous brand is. Change tends only increment.

That's what you need you need a little bit. Legacy report card and at X we think about what's possible, not the incremental change of what can't be done. And if you think about, uh, if you think about that kind of the prison is this uh, product Changes answers the question of why we hear word. The exciting thing about it is the user sentiment on the platform and it's only been three weeks.

But the user sentiment on the success form three out of four very successful. Three out of four of our in our user Community feel good A Lot of them feel great about the Rebrand because they live with us. It's habitual. they know what we're about, they know what where we're going but what? I don't know if I believe that I don't think three or four of you thought the Rebrand was good or great? Uh oh wait, three out of four think the Rebrand was good or great.

Who are they polling? are they polling the audience that exclusively like follows and supports Elon just on everything he does? That doesn't seem right. What we found out was even more exciting which was there's much more of a broader conversation going on is what does this This kind of the clear case allow us to do and there's broader conversations going on about new products, about long-form video, about payments. So it's actually we're believing in our user community and we're not limited by that. Legacy Thinking you mentioned that it has always been Elon's idea and he's been talking about this for a while which does raise the question about your role as CEO control uh, mine in Elon's roles are very clear.

I Want to go back to the Rebrand for a second because if you if anyone remembers I know I have it saved. Not everyone has it saved. When Elon announced me joining the company and he was very specific and very clear that I was joining him to help him transition Twitter to X the everything app and now let's go to our roles and the clarity of that because it's pretty straightforward, pretty straightforward. Elon focuses on product design.

He leads a team of extraordinary engineers and audiences on new technology. so think about it as is working on accelerating the Rebrand and working on the future. and I'm responsible for the rest running the company from Partnerships to legal to sales to finance all the things and doing that. Yes, I have autonomy in doing that I have a great partner in Elon It's been eight incredibly supportive weeks and I know a lot of people ask me that question.

they're incredibly curious, but our roles are very clear in the way. uh, Elon and I talked about it before I started was that while our our lanes are really clear and defined, we are brought together uh by the belief in what we're trying to achieve, right? So so when I was talking on Spaces uh in in free expression okay, and the importance of that being a foundational core value of the company I would like to thank you guys for the last eight incredibly supportive weeks. Thank you I know we've all been brought together by an unfinished canvas and yet we have as a community a goal to make this untouched canvas something we could all be proud of. Something we can all be proud of with the incredible support that we all have for each other.

So, brothers, Sisters Rockab! Rock God Let's let's not focus on the incremental changes that we can't make. Let's focus on the possibilities for what this canvas we call life could actually be. I Appreciate that you know it's actually more exciting on Twitter Right now is the fact that the fight between Elon and Mark Zuckerberg is apparently a full on. We're going ahead if you missed the news: Elon Musk and Mark Zuckerberg two of the world's richest, most famed Tech Bros are apparently actually fighting Elon Musk tweeting out Gladiator Everyone's like what's up brother And then all of a sudden we got this.

The fight will be managed by my and Zuck's Foundations not the UFC Live stream will be on this platform in Meta. Everything in camera frame will be ancient Rome so nothing modern at all. I Spoke to the PM of Italy and minister of culture They have agreed on an epic location. My guess is going to be the Coliseum Everything done will pay respect to the past and president of Italy and all proceeds will go to veterans.

That is amazing. Absolutely amazing. So breaking news as of today Elon Musk versus Zuckerberg is apparently going on I Don't believe we necessarily have a date quite yet, but I believe this will be the most watched not just fight ever sporting event Piece of content News Update: Whatever it is, this will be. Numero Uno The amount of eyes on this fight with the backdrop of historic Italy Two of the richest dudes going at it.

Not just money on the line, not just the shareholders of what's going on in Tesla and Meta And obviously you want to invest more and someone who actually can win a fight versus lose a fight. this is going to be insane. This is gonna be truly truly insane. Uh, obviously as soon as we find out a date I'm gonna let you guys all know.

but wow. I'm stoked. I'm beyond stoked. Of course everyone's gonna watch it.

How could you not watch it? How could you not watch it? Five things to know before the Stock Market Opens today Friday August The 11th folks, you better buck up because we don't want to knock any socks off. Dog Days Speaking of dog days, how's the market doing right now? Still looking a little bit heavy? We are below the low of the past three days on both the spy and the queues. After the negative PPI report, inflation report came out at 8 30 a.m today. a little bit hotter than expected.

On the positive side, food is decreasing in terms of inflation. Espion! What? Disney Has been shy about playing the field for new SPM Partners But top sports leagues aren't sold on the pitch. The NBA and MLB have both questioned the advantage of tie up that could see lucrative broadcasting fees swap for equity in ESPN Uh, opioid cases reopened and oh yeah, some crazy things going on in Hawaii. So if you're in Hawaii Please be safe if your friends and family are there.

Wish them some I Guess well, wishes there's some crazy fires going on in Maui Um, unfortunately, a couple casualties. Uh, folks. Be safe. Be safe.

Be safe. Be safe. With respect to today, Friday August the 11th I Want you to know that seasonally today does favor the Bulls At first it was neutral and then about 10 years ago, 12 years ago, it started to favor the Bulls. With that being said, I Don't think the seasonalities necessarily going to play out today? I Really don't if you look at the day daily chart of what's going on this yellow line right here.

446 27 That's the weekly low from last week, so we went below. It brought it back up a little bit. Both we went below it. All right.

That's a bit bearish. We closed below, but we didn't close below the previous close and now this is the second one below the weekly close, but not going below the lows of the previous days. But as you can see where we're opening up, we are apparently going to be opening below the low of the past three days below last week's weekly low. So today's close will be very, very important.

but I will be targeting this downside Gap fill up 443, That would be my major major Target and obviously if it keeps selling from there, the next level would be around 440 flat. So watching 443, 440 and a little bit of a larger time frame obviously in the shorter time frame I'm gonna have like more specific targets, but think I'm bearish I Mean right now unless the price action at the Open tells me that I'm like completely wrong on this. If we're just looking at the daily profile, the weekly profile, it's kind of hard in the short term. Rather, whether you're talking about day trading or even a couple day swing, it's a tough argument to see how you shouldn't be bearish.

I mean granted, we haven't successfully closed below any of these lows. On the other side of it, when it tries to get going and break out, it gets smacked really hard. We are seeing various fake out breakouts to the upside, and if you can't break out inherently, that has to be bearish. and then especially when you sprinkle in a little bit of the fact that we got a hot inflation report this morning I would argue that the fundamental developments in the short term also favors the Bear case.

We have some breakdowns. Granted, we are as of now supporting this at the trend line and maybe there's going to be recovery, but once again, on the Spy I'm watching 443 on the queues Tech's been even weaker. lower highs, lower lows. We are breaking down, closing down below these recent lows.

Even on the attempts to balance, it's getting smacked hard. We're getting a bit of a gap down. My first Target on this would be around 363 41 if you're Trading being on the Queue. So watching that once again, both of these are gapping down.

which means yeah, maybe there's going to be a little bit of an upside play. Uh, we know that the odds of those gaps getting filled are high. They definitely are high. There's not much of a gap to be had though, like it might just come out of the gate real quick and we'll see if it's there.

But my initial bias on the day is definitely a bearish, negative leaning one just because of the what's going on in terms of the global political situation. mainly what's going on in China some of the macroeconomic reports such as inflation coming in a little hot, But most importantly, the technicals. the price action. It does seem like the Bears have the upper hand, which is a new phenomena because from March until really up to last week, the Bulls were clearly in control.

So I think this is a natural ebb and flow the market loves to. It's just a pendulum back and forth expansion consolidation, favoring the Bulls favoring the Bears. There are natural cycles to this, and honestly, I think it's fair to say that the last bullish cycle went on longer than a lot of people would like really suspect. and I think the fact that it kept going on for so long made people more bearish.

So then they went and they were wrong and they were busted up. So it caused it to go on for even longer. But now we're just seeing some pattern changes that we have not seen in a while. We're seeing some breakdowns.

We're getting some negative reports. It would stand to reason that maybe this is the start of some sort of pullback. I'm not here to call for doomsday. I'm not saying that the Market's about to crash.

No, no, no, we're talking about short-term day trade stuff. swing trade stuff. It does feel like the Bears are currently in control, at least before Market opens. now.

Obviously, when the Market opens, maybe the Bulls come flooding back in. Maybe they all buy Sub 445. We make a nice about base and we bounce off of it. Totally possible.

I'm speaking just from where we are right now. Um, how do you use logarithmic charts on trading view: I Think you could just switch it over to L right? Isn't that what the L is logarithmic? I Don't know many people who trade off logarithmic. Uh, but I think I think it's just the L I don't know I don't really trade I Don't know many people who use it Um, oh uh. pinned to the top of chat in the description of the video is linked to the goonie community.

So where I give out seasonality? where I talk about my trades where other people talk about their trades Uh, Macquares.locals.com pin to the top of chat in the description of the video. You can get that seasonality stuff for free and all the other stuff is just ten dollars a month. It's very, very cheap, especially if you're in the world of trading. It will be going up to 30 a month when it is successfully hooked up with Discord and for to be successfully hooked up with Discord I'm just waiting on some like a new technology update from Locals itself to have that kind of agreement with them.

Gap fill the 443 first. No, um, why why would you think that Gap bill first? generally. uh, I don't have the exact stats off the top of my head, but you would assume that The Closer Gap fill gets filled first and on the Spy if you're looking at the S P 500 ETF The closer Gap though is going to be the upside one if this ever freaking loads. Wow.

Trading view is just taking forever. What is going is anyone else having? uh, there's going to be a small Gap up to four like this is what's the low of yesterday. 444.70 that's only 13 cents away I would expect to be up I mean my and once again I don't know the stats, but I Think it. We could logically reason that the closer Gap commonly gets filled before the farther away.

Gap I mean I it might not happen that way. Uh, there's no general rule that's a hundred percent of the time accurate in the market. but I think it would stand to reason that the closer gaffle gets filled first, especially when it's a handful of cents away. Now it's 25 cents away.

Uh, but who knows. 443 I mean I Just think it's more likely to go up 25 cents than it is. A dollar down a dollar fifty. But we'll see.

I think that would be an accurate statement over many of these scenarios. but then is it going to be work out for this particular scenario? I mean your guess is as good as mine, your guess is as good as mine. Uh, pulled the trigger on the Apex PA last night. uh, got everything set up this morning I've wasted way more than 70 on way Dumber plays yeah I mean the prop account I Hope you guys signed up because the deal is now over.

It's not 90 anymore. Um, I think now my code is just my individual code that maybe you could get 50. but for all of you who signed up to get that 90 deal like I mean it was smart to get yourself locked in at a better rate. I think it's 90 for the first month and then the other ones are.

Uh, it changes I think to 80. Well, other than that, some people are locked in at the full rate. Some people are locked in. Um, it's It's smart to at least get your account created when you get some massive massive deal.

Uh, Treks, did you miss it? Uh I tricked you into saying Dick's Insider Mike Who Cheese Harry Alpha Kenny Body and more I'm proud of that. You should be cheat Clapper Alpha Kenny Buddy Mike Who Cheese her Harry Michael Cheese Harry That one took me a second. Oh, that was a good one. The ones that you have to think about are generally even better.

Uh, that is definitely that's a good one. I Like it All right. Before we get going, let me get a poll and on. Rumble You guys can, just uh, let me know in a comment: are you feeling bearish or bullish today Vibes Today, Brother Green Red All right, that poll is posted.

Uh, where are you guys at on Rumble Red Gluckies Red Bearish Bearish bear. So that Maddie Q is that like super bear? then Ryan's red. Thus far, 69 of people have voted bearish on. YouTubes Everyone will say red should we fade, it should I just be super bullish.

then. Uh. swung 448 expiring today overnight. feeling pretty good.

Regardless, are you just going to take your profits out Open? Are you going to risk it? You could take your profits that open and create another position that expires like next week. If you want green half red half so like neutral, you should pull Piper I'll have to ask Matt about her I have to ask Matt about her AMC strong What's AMC even doing after their honestly I didn't even pay attention to the earnings because it's just at a certain point like it's a waste of time. We have better things to do like watch paint dry premium Burn day I could be wrong. Do you think it's going to be a premium burn day after on a PPI report? I Mean it's possible, but you'd think that there's going to be some volatility, especially because Monday and Tuesday were a little bit quiet.

especially Monday But after Double inflation report yesterday and today I think there's a better chance of some movement uh, Cot report gonna be profitable? Uh, the commitment to Traders Do you think they finally switch bearish? Are you coming to Miami this weekend? No. Are we testing your new Matt Strat Well, the issue is is that all the information I was left by Matt from last night and this morning related to going long on the market when there's breakouts. but it looks like today, if anything, there's going to be more breakdowns. So I don't really know the odds off the top of my head, but I figured that there could be an interesting way we play it.

I figured dude, my hair is itchy this morning I probably forgot to shampoo and condition it properly. Um I definitely forgot to shampoo and condition it properly a little bit. a little bit itchy. Um, so it feels like it's going to be bearish I just don't know the odds.

so I don't know what's necessarily smart or not. So if you don't know if it's smart or not, you also theoretically don't know how dumb you're being. So I feel like I have open rain to do whatever I want are you coming to Kentucky this weekend kind of looks that way. I'll be there brother.

we're gonna wrestle wrestle some boar actually. I think a lot of people do that in Florida right? Where's all that boar hunting? Is it like Alabama Mississippi Georgia Is that where people go boar hunting? Why does no one invite me boar hunting anymore? Why in the heck are people playing wework? What am I missing? It sounds looks like a terrible position. It could be squeezing the shorts. Remember things don't have to move in the way that's fundamentally sound.

Sometimes people are get a position that's exposed and then the Sharks come after them just to screw them out of the position you look like you love barbecue in. America Well that's funny because I do love barbecue America I love barbecue America and Toby Keith There's there's three things that a man needs in this world and it goes: Barbecue It goes America barbecue and Toby Keith Uh, don't know about boar, but we can go hog hunting. Is there a difference or Hogs and bore like two actual different animals or is it just a different name you ever been to Lucille's barbecue I Actually haven't heard of it Alvin yo Alvin As the best predictor in here, Where do you think in the Market's gonna go today? Uh, 10 a.m Michigan Inflation expectations, Consumer sentiment? um oh why did that not come on up on the list for today? Interesting. this one just had PPI Oh I Want you to know that for next week? Uh, we get retail sales on Tuesday We get some Fomc meeting minutes on Wednesday we get the CPI from the Euro Zone on Friday So these are the macroeconomic reports for next week from Monday the 14th where actually there is nothing on the 14th up till Friday August the 18th.

Just wanted to quickly throw that out there to you guys. wanted to throw that out there to all of you. Texas and Florida are wild for boar, feral hog hunting, extermination. Are they like a real problem down there? Like are they like messing up Farms or something? or are they like I Don't know.

Do they not have like a a natural predator or something like that? Are they like an invasive species or what's the deal? This is not an issue we have to deal with in the Northeast Yeah they uh yes sir, a huge problem. So is it because they have no natural predator like were they introduced inappropriately or something like that and they like just like I don't know I'll kill you Texas native. They eat everything boar killed King Robert Are you talking about Game of Thrones Is that why we're murdering them now? It's because the Game of Thrones they are invasive gotcha. They respawn very quickly.

They reproduce very quickly. We should give them condoms. Problem solved. They destroy land.

They breed like rabbits. Multiple people right away felt the need to talk about how quickly they reproduced. That's interesting is that just like a well-known fact in the South Like if you go to school in the South like you get there first day of like third grade and the teacher comes in in a shirt resembling mine. She's like there's one thing you're gonna learn today and it's the fact that these more have kids every other week.

Like is there just like a very negative sentiment in the South against these creatures? Uh, pass. Well, I'm gonna pick this down here in West Palm Beach Interesting. They breed like mice. They breed like rabbits.

Uh, what time does the report come out negative One hour ago? Christian You gotta be on top of the game. You gotta be on top of your game. All right. We have about 40 seconds until the market goes.

Everyone crep up. Get your mind where it needs to be. Good risk, good reward. Stick to your trading plan.

Do what you need to, but just don't break your rules. Make some money. It's Friday Folks, you gotta pay for your Texas Roadhouse bill. You need to take this seriously.

You know. Texas Roadhouse Ain't cheap. You're not going to get those beautiful cinnamon butter buns for free. You guys know what's going on.

Daughter killed her first hog when she was two. Dude, you guys in the South do it differently. Diggity ding ding ding. The casino is open.

Best of luck to all. Play responsibly. If not, have fun. Let's go kill some Hogs today.

let's go kill some hags today. All right, what are we doing? We're gone. We're going hog hunting. You know.

bulls and bears. eat Hogs Get slaughtered. We're on the lookout to slaughter some Hogs You guys know how it is. You guys know how it is.

All right. So I'm gonna do some degenerate dumb trading because it is a Friday and that's how we like to do things all right. Let's get ready. Let's get ready.

Let's get ready. Let's get ready. Dude, We are 443. The downside Gap though on the Spy Hang on dude.

Why is this one page taking forever? This is frustrating. This could be costing us money. Look at this. just taking forever.

Why is Tradingview now doing this? Look it just takes forever. Upside: Gap Fill to 444.70 Downside: Gap Fill to 442.97 Upside: Gap Bill 444.70 About a dollar above where we are. Downside: Gap Though now about 60 cents below where we are. so we're actually now getting we kind of gapped almost to like halfway in between the regions is essentially where we opened.

Uh, obviously pushing down a bit right now. First two minutes into the day have not been. Bueno What is a hog in stock market terms? Someone who's too greedy? Why does it take so long sometimes to get an order fill? Well, are you doing a market order or are you doing a limit order? If you're doing a market order, you should get filled instantaneously. It's probably the order type.

If you're doing a limit order, no one. they just might not be offering it at the price that you put your limit in at. All right? All right. All right, All right.

Uh, hey. Matt Interesting trading setup until Ray I Don't really mess around with tilray just because it's so low. It's recently been popping because I think they're expanding the business Also I believe into like beer and alcohol and Infused products. but the marinara industry is a tough one because it's moving on political developments and I feel like I don't have an edge there.

It's not really moving on technicals, It's not really moving on price action. it's just what's going on like it's just a company that's burning a lot of cash and you're just hoping that it ends up make it like coming back uh, and surviving before it runs out of money. So you it's a political bet. and I just feel like I don't have much of an edge when doing a political bet.

All right, where are we at? Where are we at? Where are we at? We're get. We're gearing up for the first trade of the day, gearing up for the first trade of the day. Let's get going. Let's go hog hunting.

Let's go hog hunting. Uh, very quickly. Market internals are definitely bearish. Market internals are evidently bearish.

Bearish. Bearish. Yeah. so the chart setup, the internals, the news it things are favoring the Bears today.

at least as of now, at least as of now. All right, let's get let's see which way we're gonna run this trade. All right. All right.

All right. All right, where are we at? We're oh, we're 30 seconds away. uh, uh. 590.

seven and I'm doing some quick mental math. Not necessarily my strong suit. All right, we're going for it. We are going for it.

We are going for it. Which way is it going to go? Are we getting this five minute breakout or a five minute breakdown? The Spy is breaking out, the Spy is breaking out spy fresh. High Here's our five minute range. Let's see the Q's battling it out at 366 metaconda trending down Boom Brother.

All right, it went long boom brother and already made its money. All right. So what? I did there because I was feeling a little bit nervous about. um, what the no? Why did that it? It hit.

its Target but it was a short joke. Oh I messed that up. That's on me. The price movement moved the way I needed it to.

uh, but because it was a down day. when it broke out, it had a short order. Yeah, that's awkward. That one that one's on es my fault.

that one's that one's your boy's fault. That one was, uh, should have worked. Actually would be moving right now. Uh, except it was a short order instead of a long order.

Uh, so yeah, that. that's uh, a bit awkward to say the least. Uh, a bit. Classic Cat Classic Cat: Uh, well.

there's only one thing to do in scenarios like this. Quickly try to degenerately try to get that money back, right? It's only only one thing you could really do in this in this scenario. Or do I just want to wait for this next setup. Do I want? Ah, dude, that would have paid so quick too.

Classic Cat Classic Cat messing it up. You know this. This reminds me of did you just blow another prop account. No.

I was trading on an actual account. not a prop account. Um, this reminds me of an old saying my grandpappy used to tell me. and I think this is applicable not only to your career within the digital Casino known as the stock market, but I think it's also applicable in life And it goes.

Goes a little along the lines of you got to get a little lost to get a little found. So I mean inherently inherently you're never going to get found if you were never lost. So if your goal is to get found, well, the prerequisite is obviously to get lost. so just want everyone to remind.

A little reminder out there. Gotta get a little lost to get a little found. and I need to not be dumb. Are we going up to this? Gap fill Is it gonna just clean up the chart and just rip up to this? Gap though or wait.

and what time is it? 38 39 All right. we'll get it back, don't you guys worry? Cat mowers 50 of the time. He's right 100 of the time. Gotta get a little lost to get a little found.

I'm gonna get a tattoo of that quote. You should gotta get a little lost to get a little found. It's just facts. sorry I'm just state in pure facts on today's show the Cat Moore Show Oh brother, oh brother, Which way are we going? Which way are we going? Which way are we going? Uh.

Time frame Time Frame Time frame Time frame. All right, let's do the right order this time. How about how about that for a change? I'd be that'd be pretty crazy properly inputting in order. Uh, what is this one? Uh, let me do some math.

the 200 All right. Well, let's see if this is actually going to get moving any particular way. The Spy came very close to its upside Gap Fill getting smacked I mean we were sent away. The upside: Gap that was 440 444.70 We got as high as 64.

So off by six cents on the upside. Gap Bill While the cues were a bit farther away, Uh, 36704 was the low and it got as high as just three 66 60 61. So that was off by a bit more. a bit more so sold.

A little bit popped up now coming down, but let's see what it really wants to do in this range. Let's see what it really wants to do here. and as many are properly reminding everyone in here, there is a report at 10 A.M The Michigan inflation expectation I believe is coming out at 10 A.M So we have about 20 minutes, a little under 20 minutes till that happens. Uh, and I need to be a little bit quicker here I don't know which way this is or isn't breaking.

which way are we going? Are we coming down to 365 18? We're going up to 366.61. someone needs to tell me. Alvin Alvin Uh, two-thirds of you in here, at least on YouTube lands. I Think it's going to be a bearish day? Uh SPX bounce off 444 to be exact 444.

That's a lot of fours in there. an aggressive amount of Force if you will. Oh I need to be a bit quicker to set this up. Uh, 50.

50 for? well, whatever. we'll see. if this hits whatever, we'll see if this hits 90. I think I have the right order set up this time if it goes.

I'm just waiting for this range to actually break. Just waiting to see if the range actually breaks. To the downside? All right, we have this range on the Spy so when I was back testing the breakouts, the 10 minute range has about a 91 accuracy on the day if you're just going for small little scalps. so I mean nine out of ten days you're going to be happy.

But that 10th day could really mess you up All right. Let's see if this actually works appropriately this time. Uh, uh, 56. let's see, is it going to do it or not? Is it going to do it or not? All right.

Here comes the second Piper trade of the day. The first one technically would have hit if I placed it properly. but here we are here we are. did I Mark out the right low and I think the fact that it's Reddit is properly a short position 50.

low is 57. Seven points that's a hundred forty. Uh, Piper is actually in fact going crazy outside up. Is it not going to do it? Is it not gonna do it? We? we're getting a little bit of the old.

Kansas City Shuffle The queue's a bit weaker double bottom on the cues while the Spy is putting in actually a higher low. Still might be wanting to fill out this chart to the upside: Gap though once again, there is an upside gap on both the spine, the keys. There's actually a downside gap on both the spine the cues. Is there a downside on the cues? Dude I Don't know why I Come back.

This particular page just doesn't load like it just takes forever. I Don't understand I Don't understand. Here we go. buckle up.

Buckle up folks. I Think we have a live one coming in. I Think we have a live one coming in. Let's do this thing.

Boom Brother oh brother oh brother. Give it to us. Give it to us. Get give it.

Give it to us. Give give it get get Come here. Go come here. Come here.

Come here. Hey hey, come here. Hey. come here.

How far did it actually go down? What was the low? 52? 52 25. 52-25 Interesting, interesting, Interesting. All right. Give it to us.

Nope. Wrong way, wrong way Brother. Wrong way brother, Wrong way Brother And and wrong way. there we go.

That's what we want to see. That's what we see here in the red, white and blue of Texas Roadhouse Let's go. Let's go. Nope, Wrong way, Brother and wrong way.

Right Way right way. Give it to us wrong way, wrong way. Definitely the wrong way. 100 the incorrect