Thank you Thank you Foreign Foreign. hide your wives, hide your girlfriends, your boy got a new haircut. It is not safe out in the real world if I am out and about. Yes, this is not a wig, this is the real thing. A perfect, a perfect haircut. As you can tell, it is going to be a big big episode of the Matt core show and it's going to be centered all around drama, drama, drama, drama, political drama, and Twitter drama. obviously in line with what in the world is going on with Elon today making some crazy, crazy crazy tweets. So we're gonna be talking about that, but we're all gonna still be talking a little bit about drama in the World of Crypto. Two major major Crypto stories today and I'm gonna be getting into one of them pretty hardcore. One of them is a little bit more legal with library in the SEC Unfortunately they lost and that leaves like kind of. The Last Man Standing is very much Ripple So we're going to talk about that a little bit. But really, we're getting into the drama of what's going on with Binance and FTX because it is massive so that's one big piece of drama. The other big piece of drama is Elon and what he tweeted and who he is going to be voting for and why is it so big? It's because he's influential. He's a pseudo-ceo celebrity with a lot of influence. And don't forget, if you're watching this live, you are watching it on Monday November 7th Which means tomorrow Tuesday November 8th is election Day and tensions are high. Everything's boiling over. You have this guy that guy campaigning this person saying that this failed comedian trying to make weird jokes on Twitter and getting banned. It is a full packed show, full pack show. But before we get into all that, two important things obviously destroy the like button. It helps with the battle Leaderboard on Rumble to show that we are the dominant Finance force over there and in terms of YouTube it helps out with the algorithm and also obviously don't forget to subscribe on both. We are on our journey to hitting 69 000 subscribers on Rumble So if you're watching this right now, make sure you're subscribing on both. And then the next big big milestone on YouTube is about half a mil. So we are ripping. And obviously the other big thing I need to mention to all of you right now. Let me do the old little switcharoo is check out what's going on with public. No payment for word of flow. no Market Maker This is a stock trading brokerage that you can actually trust. The sign up is pinned to the top of chat. it's in the description of the video. When you do sign up, it's completely 100 free. F-r-e-e We love that word. and when you do that, you get one stock valued anywhere from three to three hundred. And also you can get up to ten thousand dollars when you transfer your account from another brokerage. They have stocks. ETFs Crypto Art Collectibles Very cool. This is a brokerage you can trust. On top of it, they have a little bit of a social media aspect, so for example, you can follow me at that underscore course. You can see what I'm buying. You can see what I'm selling. You can see what I'm owning. And actually, we're going to be talking about this a little bit. One that I'm particularly stoked about owning is Rumble ticker symbol Rum Shout out to everyone over there on the rumble chat right now because this stock is ripping ripping ripping to the high heavings which is helping pay for this brand new studio. Yes We finally made the move. Yes, we talked a little bit about about it in the morning stream today, but your boy is officially in New York and we're gonna see what we can do. This is a whole whole new chapter and I'm so excited to we to see where we you guys, you and me all this together. Where The Goonies can really take this thing. So now that we got that, uh, the way you guys know the the deal, we're gonna do a quick rundown of the market. Three crazy things in the news that maybe you missed today and then we're getting into the drama and I know that's what we all love because hey, it lets us forget about our own lives And we get to focus on the insanity of other people's lives. So with all that out of the way, let's get rocking. Stocks rise ahead of U.S Midterm Elections Down closes more than 400 points higher. On top of that, we got some breaking news: Stock futures are flat as Wall Street awaits the U.S Midterm election. Whoa Whoa Whoa. Do not forget tomorrow. Wednesday To excuse me Tuesday November 8th is election Day for the midterms. This is massively important. Please please please vote. I Don't care who you vote for I ask of you two vote and also to do a little bit of research if you want to vote Left Right Some sort of mixer I Don't care. Go for it. The more people who are vote, we end up getting a political base really this time around. Congress who more accurately represents what we actually want. A couple other things I Just want to name here because yeah, things were pretty nice. Pretty green. Um, statistically going all the way back to 1946. There's been 19 midterm elections. 17 of those. The relative performance of the market six months after the midterm elections was better than the relative performance six months before midterm elections. Whether we end up right or left, it doesn't really matter, is very, very bullish. But out of a scenario where you might be thinking what's the most optimal market performance when it comes to midterm elections? A midterm election where we have a Democrat a left-leaning president and then Congress as in the house and the Senate that is controlled by Republicans is the optimal midterm scenario for market performance. Does that mean that if it goes that way and we're hopefully we're going to find out soon that we will have amazing market performance? No, but I'm just letting you know about historic patterns and how things have played out previously. A left-leaning president with a right-leaning chronic Congress The House and the Senate is exactly what we want for some very bullish, explosive moves to the upside in the market. Obviously, tomorrow we have the opportunity to make that a thing if that's how you choose to vote. I Just want to let you know about the stats. So tomorrow I mean hopefully we get the answer. but as you're about to find out, there might be some elections that are a little too close to call. So anyway, Dow jumps over 400 points as U.S Stocks start with higher ahead of midterm elections. Why we see this pattern? Yes, I Just laid out the optimal but in general midterm elections really do bring around some bullish behavior. And basically markets don't like uncertainty. and as you're coming into a whole new president, a whole new Congressional makeup That's a lot of uncertainty. So basically as you get this solution of like okay, great this is how we know exactly how it's going to happen. The markets like that. So you go from a state of uncertainty to at least more certainty. markets like that and generally they rally afterwards and it's also perfectly in time. What's what's really referred to as the Santa Claus rally? And that's just the seasonal pattern that we see the October November December within the stock market generally perform better. Does that mean it has to perform better every single year? Obviously not. Once again, we are just talking about seasonality and things that we've seen played out in the past. So overall the market did have a pretty decent day. The overall: Market the S P 500 that is was up one percent, the cues up 1.1 in the small cap sector up 0.5 Quick shout out to Oxy and Rum. Those have been my two major call outs over the past couple months, both up almost four percent today. Rocking it! Then we're going to get into a little bit of the story related to what's going on with Apple, Meta and I also have an AMC update for you. Unfortunately, AMC did not perform well today down 5.66 and Ape is down 3.8 But we do have news there and I'll be getting into that later on in this particular episode. But before we get into all that I know I don't want to like board you guys and already feel your eyes glossing over of all this economic political Financial mumbo jumbo. so let's just ease is into it. Let's have a little bit of fun and let's talk about the three things that maybe you might have missed today. Once again, this crazy group just stop oil once again I Guess was not trespassing, but just graffiti. Um, this is actually the bank of England which I Do find to be particularly funny because it's orange which is the color of Bitcoin and then Bank of England a central bank and I mean that door is open. The guy's just spraying it on the inside I Don't know how easily this paint is or isn't removed, but this guy's just going for it. Just weird graffiti. Uh, not. I mean I'm sure they're breaking a whole host of rules, but we're seeing this. This is the exact same group that's been like gluing themselves. Uh, well, now we have someone spray painting. Um, because nothing makes people want to join your cause more than breaking laws and acting like an absolute toddler. So that once again happened and unfortunately, we're seeing more and more of these. So that's the first piece of news. This one I thought was actually just really interesting. World's tallest woman takes her first plane flight after Airline removes six economy seats to make it possible. So yeah, uh. World's tallest woman who is clocking in at like an NBA outlier level of seven feet and she had to lie on a stretcher for the 13 hour flight. Seven feet tall. That is ridiculous and honestly a cool shout out to the airline. So she has the current Guinness World Record of seven feet and almost one inch shout out to the airline usually Airlines don't like have any I don't know any bit of give or anything like that at all and the fact that they took out flights to make it possible for pretty cool. So I just wanted to share it with you and the final one is the Powerball Depending on when you watch this, maybe you're already the winner or maybe you're waiting to see if you are the winner. Powerball Jackpot rolls to up to a record 1.9 Billy The drawing is today. If no winner is selected this evening, it's going to go to Wednesday it goes Monday Wednesday Saturday But man oh man, 1.9 billion. Uh, the previous high was almost 1.6 back in 2016. the odds of being in the individual winner are about 1 in 292 million. so it's kind of like that Dumb and Dumber GIF I'm like so you're saying I have a chance 1.9 million or billion excuse me billion with a B I need to know folks I'm looking at chat right now. If you were the winner, what would you do I want to know I always try to think about my life right away I would take 900 million and I know I have to pay taxes so that's not my money. but I'm still left with a cool Billy What would I if I out of nowhere become a billionaire? Well first of all, I'm celebrating at a Texas Roadhouse in this morning stream. We were talking about it and I was trying to think about where I have a party I am going to go to my Texas Roadhouse that I co-own with Riley Reed and we are going to be having the open bar on me, open bar on me I Hope to see you at the Texas Roadhouse because we are going to celebrate. we're going to have those amazing buns with the cinnamon butter ribs on me drinks on me. That's how I would celebrate I think that's the way the way to do it. Someone said I would buy Elon you might need a couple more to be able to buy Elon on that one one billion worth of Vape that would cause the squeeze right? Uh, probably not. I don't think there's enough liquidity to buy like I don't think you actually could buy a billion dollars worth? There's just not liquidity there. Uh, but hey, good suggestion. Definitely ask one I will buy a wife These are all some pretty great suggestions. you know? today was insanely drama-filled and this one probably took the cake. This was the tweet from the Elon Musk I'm saying it that way because there was parody account issues, but this is very much from the current owner of Twitter and also of Tesla and the pseudo celebrity CEO Entrepreneur Elon Musk Massively influential. Stating this: the day before elections to independent-minded voters shared Powers Curb the worst excesses of both parties therefore I Recommend voting for a republican Congress given the president is democratic hardcore Democrats or Republicans never vote for the other side. so independent voters are the ones who actually decide who's in charge. This is crazy. Literally recommending to the world to vote Republican Just so he's basically saying, let's get a little bit more gridlock in this party and then he followed up with this. To be clear, my historical party affiliation has been independent with an actual voting history of entirely Democrat until this year. Do you know how Wild Things have to go for someone to be on one side and then jump to the other? and I'm sure there's stories of it both of someone being purely Republican and in this election going Democrat and obviously vice versa Elon would be an example of that. I Dove into this a little bit more and the more I looked into it, the crazier got. So please understand this is a midterm election and for those of you who maybe are international viewers, understand we are not changing our President Biden will remain president after this election. It's the makeup of the rest of our elected political officials and this is particularly for Congress which is made of the house and also of the Senate to understand where we're at, it is a nail biter of an election. So for our house, it's pretty much assumed that it's going to go Republican But the senate race. Oh buddy, Oh buddy oh buddy oh buddy. So this is from Nate silver of 538 which is just a very Advanced uh dado modeling statistical analysis like website, newsletter, that type of thing and they do breakdowns of everything of Politics of Sports the list goes on. But anyway, our model currently predicts Republicans have a 56 chance of controlling the Senate our mean seat projection is 51 and 49. There's only a hundred folks that is a nail biter that is extremely close right now. Um, they ran a bunch a bunch of different I guess ways that this could play out like models of the situation Republicans win 55 and 100 and Democrats win 45 and 100. That was like the common breakdown that they saw. chance of winning a majority which you just need 51 right now. right now the day before the edge is just going to Republicans Uh, it's actually crazy to see how close it's getting and I just moved. This is my numero day Numero Uno day in the new studio I just came from Pennsylvania Pennsylvania is actually the state where it's actually one of the most hotly contested Senate seats. In fact, it's getting so ridiculous that you have on the Republican side, you have odds Dr Oz from TV And obviously right now Trump is spending his time supporting him. and then you have Obama supporting Fetterman, the competitor there. So you have John Fetterman on one side, you have uh Oz on the other Oz representing the Republicans Fetterman representing the Democrats. It's getting to the point that two previous presidents are supporting them. they're campaigning for them literally actively as we speak. This not this particular seat is obviously massively important, but it really shows how close this election is. And I hope I'm really Shining Light on why you gotta vote I Don't care who you vote for I Just beg that you do vote. And it would be even nice if he did a little bit of research into the two candidates to make sure you're casting a vote for a person that you actually resonate with. but we know which way Elon's going and I'm assuming he's voting in the state of Texas So that's not really going to be a contested vote, but especially for my viewers in Pennsylvania Vote Vote vote. Now just to get back to what we were talking about here: Elon Musk encourages Independents to vote for Republican Congress ahead of midterms. His reasoning is basically this: hey, gridlock would be good. It would settle things down. That's the honestly. Even when we heard from Mr Wonderful AKA Kevin O'leary he was on Cnbc's Squawk Box this morning and that's what he said He said, hey, if we get gridlock a republican Congress a Democratic president that allows the dust to settle, it allows us to all take a little bit of a breather. but when you look into a bit more at least from the purview, the vantage point of Elon there might be a little something else at Play A republican can controlled excuse me, a republican-controlled congress with a Democratic president would make it less likely for major changes impacting Tech platforms to become law. And now that he owns a big Tech platform, he might want to hit the brakes on that a little bit. On top of it, he also has a bone to pick with the current president. the Tesla CEO has also been at odds with the Biden White House As the President pushes for infrastructure reform and tries to encourage vehicle companies to go. Green Musk accused President Joe Biden of ignoring his EV company in favor of paying more attention to Legacy automakers. When this all happened, it was like kind of big news back like he was tweeting Adam of like hey man, you're just ignoring us And that's kind of funny because we also got this Rich commentary from the President today and if you haven't seen it, there's a video I posted on Rumble it's on YouTube of 21 days left. That was a couple days ago of what's going on with the petroleum, particularly the distal diesel. You know, the thing that makes a lot of trucks go. uh, our supply is not going in the right direction. but anyway, this is just Rich Commentary from the current President of the United States no more drills, no more drone that's not good. You also might be thinking, but that's the thing that he says we need to do more of. He's literally yelling at petroleum companies of we need more production and then he's sitting here. No more drilling. There is no more Drilling bad things for many new new Drilling Not so good No. I There's a girl just like arguing about where the new drilling is and he's like that's before I was president and then some of the people liked it. Obviously if they're there at one of his discussions, they're going to be a supporter of them. But in terms of us and when it comes to vehicles and the whole oil situation, it's such a interesting situation. where on one side one day he's like all these capitalistic Pig drip like petroleum companies won't produce more and then he's speaking today the day before the election saying uh, no more drilling. There is a very, very serious issue right now in the short term. Obviously, we need to fix it in the long term. Yeah. I Agree. we should get off of this forever dwindling energy source. I'm not against that at all. It seems to be better for the planet. Hey I'm for it. But in the short term when people are you know, not getting their supplies when they're freezing when their bills are exploding through the roof. Maybe just maybe not the best move. So just want to quickly share that. Musk tweets have come under intense scrutiny since he acquired Twitter last month for 44. Billy His leadership has been marked by Massive layoffs, spending pauses from some advertisers, and confusion about the platform's policy changes. So I really want to hone in on some of these advertisers who are allegedly not happy. The following companies halted all advertising on Twitter following Elon Musk's takeover. You could see in General Motors United Airlines The list goes on and on and on and on, and the one that I found to be particularly funny is Pfizer Like what kind of stance is a pharmaceutical company making like we're not going to advertise, why are they advertising there Anyway, if you look at any mainstream media, especially in the finance, World Pfizer is advertising on almost everything. Do you know how scary that is that this for-profit company who literally admitted to maybe going a little bit too quick on things, maybe redacting a little bit too much information, maybe not being completely forthcoming with the entire public advertises on everything I Don't know about you but I Don't come to Twitter to think man should I be taking this drug Should I be taking that drug Should I be taking no drug at all like Pfizer I Mean the whole list is silly. like whatever. Move on like they clearly missed out and you might be thinking. but Matt but Mr thick cores. How do you know that they're missing out? How do you know that these companies are making the wrong decision? Well, it's pretty simple. Justin Twitter User growth it's record high in first week under Elon Musk Now dumb, you have to be as a marketing department to pull out when it's ripping Twitter was it was suspect the business model not so good. but with the whole shake-up and people just kind of wanting to see what goes on in this crazy situation, they're all flocking back. as in they're all logging in, seeing random advertisers wherever they want. And now if I was just like Whoa We don't know if we should Hawk our medicine to them anymore I Just find it so interesting, so wildly wildly strange I suppose is it's a it's a form of almost virtue signaling that does not add up in my mind and not at all. It's just the in a weird sense it's virtue signaling where like the pot is calling the kettle black, we have it where they're saying no, no, we just don't believe we're elon's taking the company. Maybe it's not good for Humanity But then on the other side, they're Pfizer people who probably year over year in a legal case are proven to be lying to the entire public. Uh, it's there are throwing stones from a glass house for sure. And just to wrap this part up here, we go to call every state. In modern elections, more and more ballots are being cast in early voting and also by mail and many states don't start counting those ballots until after the ballots. Uh, after. pardon me after the polls close on November 8th. So you heard the President say this the other night. He has been very clear on this as well. We may not know all but winners of Elections for a few days. it takes time to count all legitimate ballots in a legal and orderly manner. That's how that's how this is supposed to work and it's important for us. It took two weeks to so right there. The Press Secretary of the White House already kind of front running this thing of hey man, we probably won't have the answer for you right away. Which What? You can't add up numbers? you can't add a plus one. There are countries right now who are far beneath us in terms of like First World, Second World, third world who get the election results day of. and you're telling us that the world's preeminent power cannot tell us the results in day one. We've put people on the moon and you can't keep adding plus one per vote. On whatever side, What backwards upside down world do I live in where you cannot keep adding one until there's no more to add and you tell us which one is a higher number. That's the type of arithmetic that we learned in first grade where you just keep adding your Fruity Pebbles or your Cheerios to whatever side you needed to and whichever pie was bigger was the winner. How the where are we going that a country who has some of the most impressive technological developments cannot tell us what number is bigger? and obviously it's because of just the insane situation that our politics have gotten to? Obviously, we have the technology. That's my whole point is pointing out almost in my facetious nature that clearly we have the technology. We could do it. But no politicians have to be politicians. This isn't just a left thing, this isn't just the right thing. This is me saying politicians suck ass man. like the fact that this is somehow they're trying to normalize it. It is so incredibly messed up. and right now I Have to admit it is a little bit humorous to kick back and see all this turmoil Elon buys Twitter overspends. All of a sudden the whole land shift. The all of a sudden the entire landscape of how news is presented to the public, of how people get their news, of how they digest it just like that has shift and you could tell they were not prepared for it at all and the world goes haywire. And then for Elon to publicly state that he wants gridlock and he's voting Republican the day before the election, folks, there's not enough popcorn in the world to enjoy what's going on right now and that's what you gotta do. You gotta enjoy it because this is pure chaos and we have a front row digital seat to all of it. So to really wrap it up, if you're cool with sharing it with me I would kindly ask of you: who are you voting for I don't I obviously know it's midterm, so it might depend staying on state Are you vote in red? You vote in blue? You vote in somewhere in the middle maybe a little mix match on your voting application there or you're not voting at all I Kind of said that awkwardly at the end because I really want you to vote? Uh, but no, seriously. I want to know you voting right? You vote and left. And obviously, if you don't want to share, you don't have to share. But I'm just curious. Where's my audience at? Where are The Goonies at in the current circumstance of pure, unfiltered, unadulterated chaos? Please please please let me know foreign things happened in the world of Twitter today Kathy Griffin a comedian who I think just cosplays as a comedian and I've literally never found her funny in my entire life. Uh, just because I don't know I think she's kind of a hack. uh got her account suspended Kathy Griffin suspended from Twitter for impersonating Elon Musk Now I've thought long and hard about this for a total of 15 minutes and I've come to the saloon I Guess the final opinion that could get rid of her? she broke the terms of service it: Twitter is a private company. You make your own rules if you run a company. If you're in a company great, you make your rules if I run a company great I make my rules and this is what people were always saying, especially for maybe political reasons or like if you don't like Twitter get off of it. Well all right here are the terms of service: I've always been of the opinion in the US you can run a company how you best see fit as in you can write your own terms of service and I really only have qualms if it's against the terms of service as in maybe some people can do something against it, but maybe other people get a free pass right now in Twitter's terms of service which we all agree to when you sign up, you cannot impersonate another account. That's how you get more spams, especially in the world of Finance Do you have any Mac course accounts that are Do you know how many of whoever your favorite? Financial Whatever influencer is? Do you have any fake accounts? There are people just trying to like scam money out of other people. That's why that's in the terms of service. So parody isn't banned. it's just saying you have to make it obvious that you are a parity account. So it's not saying you can't be parody. it's just if you are a parody, make it clear to the entire world. and Kathy Griffin didn't do that and once again, Elon is just equally applying the TOs to everyone on the platform. It shouldn't matter if you're right, it shouldn't matter if you're left. It shouldn't matter if you do like them or if you don't like them. Let me give an example. There might be people watching this right now who hate Elon Or maybe you just really like Kathy Griffin And you might be thinking to yourself, that's not fair. He's just doing it because she was making fun of him. There is an account on Twitter right now that tracks Elon's jet. Elon Before he even owned the platform made it very public that he doesn't want this account to be an account, he reached out to it. It's actually run by a kid. He said I'll give you money to shut the account down and the kid thought it was funny and he said no I'm not going to that account is still live if Elon were just randomly Banning People that he just simply didn't like because it wasn't whatever copacetic with his life, that account would be gone. It is live right now because it doesn't break any of the rules. It doesn't break any of the TOs All I'm saying here is like I said whether you like or dislike Elon Whether you like or dislike Kathy This is a result of did you break the rules These platforms. This is one of the biggest issues that I like even specifically see really on YouTube is the rules are not equally applied to everyone you can bitch and moan about. Is the rule fair or not? But the point is here in America you're running a private business. It doesn't really matter if it's foreign art, it matters if it's equally applied. and this is just another example of the TOs being equally applied. Now, obviously if you don't agree with the TOs, there are other social media platforms you can go on to, but when you're using Twitter, we're all agreeing to that. TOs Now it's just not Kathy There were other people who did the exact same thing and they got banned I think there was something with h3h3 uh Productions or something like that where they did it and they were then warned and then they didn't heed the warning and then one of their accounts got banned. We're just seeing an equal application of the TOs and you could just see it's a whole new world in Twitter Like I said before as I fumbled over my words, the landscape of media and news and just digestion of what's going on in the world. Completely different and I'm just excited to see where it goes. Obviously these are tenuous times and who for all I know this might end up killing Twitter Who knows we might be seeing the first dominoes that take down Twitter that takedown. Elon Maybe or maybe on the other side, What if he's on to something? What if? legitimately this is the way to a fair. Equitable Great digital public forum where people in a reasonable sense can share ideas, can cross pollinate thoughts It could break either way and I'm excited to see how it goes. and obviously I hope the best not only for Twitter the employees Elon but just really. I guess Humanity here because you know I'm a part of it I Don't want this to devolve into what he referred to as a hellscape anyway. Uh, Kathy Griffin suspended breaking the TOs and then Elon actually she was suspended for impersonating a comedian which is so funny Elon but if she really wants her account back, she can have it for eight dollars. This guy that obviously he's just like bagging on her. it's it's so funny and if you look into the story even more, it just gets more and more. Wild She used her Dead Mother's Twitter account after this to start tweeting at him again and then she just said it was her. She was using her Dead Mother's Twitter to just start to try to Clack back at Elon but obviously no one cares whatsoever. Wild wild stuff. On top of all this, we're in the election. you have Twitter and just everything's going crazy. and then out of nowhere you see Dwac pop-up Digital World Acquisition Corp A blank tech company that might be might not be going through with True Social a Twitter competitor Donald Trump's Twitter competitor and it ripped today. and when I say it ripped I mean it ripped I believe it was up 65, 66, 66.5 I was almost there. It went from about 17 to 29 and it ripped faces off and it's on this entire concept that Trump says he's running again. Apparently the official announcement is going to be made a week from today Monday the next Monday in your lives most likely depending on when you're watching this. Um, and when that was made, the stock started to rip. Will it hold? It's a little bit of a tough situation because remember this from a legal perspective doesn't fully represent True Social yet. They haven't voted on the merger, so even if people are excited about Trump, even if you're excited about True Social, there's a fair legal argument that maybe Dwac isn't really what you're looking for. Obviously though, today, as you can see the market Collective didn't really care because it ripped 66 and the market said, well, yeah, but maybe it does. So we're gonna buy it up just in case it becomes that, because they're looking for a crazy Home Run Play time will tell, time will tell. but that's uh, you should. In my opinion, think of it as like kind of two distinct things because yes, there is true social that is Donald Trump's company. It sounds like he's going to announce he's running once again, but that little connection to Dwac it's not guaranteed is all. I'm trying to say it might end up working out beautifully, but I just want to add a little maybe apprehension to look into it because the SPAC deal. it's a tenuous situation. Republican Mega Donor Ken Griffin says it's time to move on from Trump back to Santis in 2024. A little bit of a fracturing going on in the Republican party. so you have Florida's governor DeSantis and then Trump Obviously everyone knows who Trump is and they might be betting heads a little bit. A little bit of butting heads between these two gentlemen for who's going to represent the Republican Party GOP Mega Donor Ken Griffin said it's time for the Republican party to move on from former president Donald Trump and look toward a new party leader. He did a lot of things really well and missed the mark on some important areas. and for a Litany of reasons I think it's time to move on to the next Generation You know it doesn't take long to figure out what the main reason in this Litany of reasons is. am I sitting here thinking that Ken Griffin the owner operator of Citadel and Citadel Securities had some sort of coming to Jesus this moment is like Donald Trump's not my guy desantises uh, for whatever other big reason. No, not at all. In fact I think the reason is exclusively Florida The Sunshine State Citadel Griffin brings billions to Miami with political wins at his back. the Citadel founder worth almost 30 billion has ditched Chicago for Wall Street South AKA Miami AKA a city in Florida AKA he's under the house of DeSantis you know Florida This in my opinion, is simply a play to be nice with a guy who's going to make laws and enforce laws that impact your business. Florida doesn't really care too much from a legal perspective of what Trump does or doesn't do Florida from a legal perspective cares very very much about what the santis does or doesn't do, what he says, what he signs into law which is he doesn't sign into law. So obviously for Griffin moving his entire business to Florida that's just a Smart Financial play to be nice to the governor and saying hey, whatever you say I'm gonna back you up buddy I Don't think it really has anything to do with politics. To me, this is just simply a business move. Maybe I'm wrong, but also maybe I'm right on this particular one. So yes, we've already had a lot of drama. Today we had drama with Elon we had drama with Kathy Griffin We had drama on the political scale of who's gonna win the election tomorrow, but the drama did not stop there. Not in the slightest. Crypto is having serious drama and it involves two of the biggest players in the entire space. I'm talking about the CEO of Binance and I'm talking about the CEO of FTX and some craziness is ensuing. This was tweeted out yesterday: November 6th from the CEO of Binance as part of Binance's exit from FTX. Equity Last year, Finance received roughly 2.1 Billy USD equivalent in cash and also just so you know, Ftt which is Ftx's own crypto. Due to recent Revelations that have come to light, we have decided to liquidate any remaining Ftt on our books. That is a bad look for FTX. We will try to do so in a way that minimizes market impact. Due to the market conditions and limited liquidity. We expected that this will take a few months to complete. Binance always encourages collaboration between industry players regarding any speculation as to whether this is a move against a competitor. It is not. Is it though? Our industry is in its Nancy and every time a project publicly fails, it hurts every user in every platform. We typically hold tokens for the long term and we have held on to this token for this long. We stay transparent with our actions. So basically he's saying Crypto is in its early stages, it's in its baby stages and any failure doesn't look good. And in fact, he went on to offer a little bit of clarification. Liquidating our Ftt is just post exit risk Management learning from Luna That's one of the most public failures. Paraluna brought down a lot Tara and Luna Like the whole thing failed, it brought down anchor, it brought down Celsius It brought down three AC That brought down Voyager This was what people were referring to as a contagion event. and all of a sudden, when you have the CEO of Binance in one way or another, implying that Ftt, which is directly connected to FDX is in some way related to Tara Luna Crazy. We gave support before, but we won't pretend to make love after divorce. We are not against anyone, but we won't support people who Lobby against other industry players behind their backs. onwards. Dude, this guy is throwing shade. It feels like he's about to throw some fists and man oh man did it get even more spicy. So there are some Twitter accounts that just report Big on-chained movements and right here, 30 million Ftt, over half a billion worth in USD Transferred from unknown wallet to Binance and then they said yes, this is part of it. part of it. You're starting with half a billy north of half a busy and now you might be watching this and thinking no way no way did it just end here And you are right it. the drama. This is just the start of it. Justin FTX CEO says a competitor is trying to go after them with false rumors. Here's the exact tweets: a competitor is trying to go after us with false rumors FTX is fine, Assets are fine details FDX has enough to cover all client Holdings We don't invest client assets. We have been processing all withdrawals and we will continue to be some details on withdrawal scheme. It's heavily regulated even when this that slows us down. We have a Gaap audits with more than one billion excess cash. We have a long history of self-guarding client assets and that remains true today. I'd love it if when then you tag the CEO of Binance if we could work together for the ecosystem. so obviously he's directly like At First we all knew that it was like false rumors, blah blah blah. But man oh man, you might be thinking okay, the the internet more so the market, the crypto Market who is believing who here and the numbers would say people are really trusting in Binance on this situation. Quite the capital flight from FTX Amiss Alameda Worry So Alameda is also owned and operated by SBF The CEO of FTX I know a lot of acronyms here, but Sam Bakeman Freed owns and operates FTX and Almeda Almeida is more of like a crypto hedge fund. Uh, and we're seeing a lot Of money leave past week, almost ability past 48 hours, almost 700 million in the past 24 hours. The Lion's Share of that almost half a billion dollars in the past day, people are simply not taking the risk. All Stable coins Exchange Reserve At FTX the reserves are dwindling which kind of makes you wonder what's going on as these reserves are vomiting. Remember, we were just reading about the withdrawals and the people kind of panicking. In a weird way, this is like a crypto digital Bank Run Uh, the reserves are going down down down and the story gets even a little bit crazier. People are doing a lot of on-chain analysis transfer a large amount of stablecoins. so this is Alameda one the crypto trading hedge fund that the lines are starting to get a little bit blurred between that company and FTX here. So anyway, Alameda transferred a large amount of stable coins and then transferred a large amount from gate like they followed the whole pathway. But it ended. It went from Alameda to Fdx's hot wallet to deal with withdrawals. That's how serious withdrawals are getting because we're in a situation where the withdrawals are so vast that clearly they didn't have enough stablecoin that Alameda must have stopped their trading practices and said okay, hang on, we're going to hit a pause. we're gonna send money to FDX so things can continue to get withdrawed. That's how big of a situation this is becoming. You realize how ridiculous that is? That's insane. The best way I could possibly sum this up is I don't know what's going on I Don't know who's right in the scenario I Don't know how this is going to play out, but what I can tell you is protect yourself. The best thing you can do is take your crypto and take it off in exchange. If you have crypto right now, send me wherever. Get it off exchange, Get it into a cold Wallet Not your keys, not your coin. Learn the lessons that people painfully learn from Celsius Voyager Don't become another person who said I had some money in crypto and now it's worth nothing and it's locked up I Hope that this plays out and all companies involved are hyper successful. I Really, really do. But why take the risk? The API interest payments are simply not worth it. Take it off exchange, put it into your own Hardware wallet. put it into a cold wall. put it wherever you need to. but don't get involved in this. This is a battle of massive crypto billionaires and they don't care if you are just some father. if you get killed in the fodder here. they don't care for a simple second. They they you will not cross their mind. Trust me. Protect yourself. Protect your cripple. Take it off exchange. That's the best thing you can do in scenarios like this: Moving onward, Individual Company News: We got to start with: Facebook Nothing big announced yet, but Facebook Parent Meta is preparing to notify employees of large-scale layoffs this week. Early rumors are saying 12 000 people out of around the mid 80s, which is a decent chunk of people if you miss it. Meta absolutely vomited after their earnings, just they're putting way too much into the Metaverse. They don't have anything to show for it. and on top of it, their normal social media business is not producing as much money as they want, so they're not producing as much money. they're losing more money. This clearly leads to layoffs early. rumors are 12 000, but I actually reached out to a personal friend of mine who lurks at Facebook and at least what I'm being told is nothing has been announced quite yet. not the only company. Under Fire right now Apple warns that iPhone shipments will be affected by China coveted restrictions, so they've already lessened the demand. I Guess predictions for the iPhone 14 and they're lowering them again. And this is still because the Chinese economy is very much until very much in a Sus situation. Really? I Mean they just refuse to Pivot Out of this whole zero Covid policy, they're being very, very strict about it. and in fact, they're just doubling, tripling, quadrupling down on the situation. And it's no bueno. And Apple is already forewarning the entire Market of hey, there's going to be some rough Seas ahead. Last but not least, we have an update from AMC the CEO Adam Aaron They are reporting earnings after the market closes tomorrow. We just announced a bold new business that has not been discussed publicly before in 2023. AMC and Zoom will launch Zoom Rooms at AMC at theaters in 17 U.S Cities state of the art technology lets you have multi-city meetings AMC Enters the Multin Billion Dollar Meetings Market I Don't know how I feel about this I mean whenever I've been in meetings on Zoom it's like five people at Max I Don't know why I would need an entire movie theater I just don't know the business appeal of streaming massive rooms of people together. Uh, so I don't I I just don't see it like I hope it makes some money I'm not against it I just I don't I don't know who would use this I guess is my thing. Like who's like I have such a big group of people that need to be in a Zoom meeting right now? let's go to a movie theater. Uh, AMC enters the Multi-billion Dollar Meetings Market but how much of that are they going to get? I Don't know I Hope to me, it doesn't seem bad, but it doesn't seem good. It just seems like a random announcement, but who knows. maybe I'm wrong on this. Maybe my take is a bad take God knows I've been wrong before. so I'm hoping that we get more clarity of how this is going to be utilized in the earnings call tomorrow. Speaking of earnings calls tomorrow, Uh, so we have AMC We have Oxy and we have Walt Disney We have Disney reporting so those are going to be the three I'm paying attention to tomorrow. My big call outs of who's going to be and who's gonna miss this particular week is I Think Oxy beats I Don't really have a clear opinion on Disney or AMC on Wednesday before the Market opens, we have Wendy's uh because McDonald's beat last week I think Wendy's will beat this week after the close we have when we know from the big Banks reported more people in the middle to Upper tier income brackets or spending more money on Leisure so I think when actually beats so I think Oxy beats I think Wendy's beats I think when beats. Also, we know from the same bank reports that they're spending more money on luxury goods. so something like Ralph Lauren so I think that ends up beating as well. And then my big call out for something that misses is Neo right now with the China situation with Tesla missing on their earnings with some questions around the EV sector in the short term I think Neo is going to be a big old Miss So once again, just to recap Oxyb Wendy's Beat uh Neo Miss and then Ralph Lauren B and also when B those are my call outs for this week Am I guaranteeing anything? No because if I could guarantee it I myself would be a billionaire and I would be buying all these companies but just kind of reading the room of what's recently been going on. I think those are all pretty I think the odds are in my favor on those particular plays. so those are the earnings. We're winding down. we're still in earnings season, but we're getting to the end of it. You should also know obviously tomorrow. Tuesday November 8th It's Election day. We have Fed members speaking throughout the week. Thursday is another big day. A big big day. We're gonna end up getting the CPI that's the inflation report. so that's going to be a huge huge number that's reported an hour before the Market opens on Thursday November 10th. Huge report. That's definitely gonna have a massive impact on the market. And then also shout out to all the Veterans Veterans Day is Friday November 11th Folks I Don't know what time it is but oh man, this one went a little bit over but that is what I have for you. That's what I have for you Teamed Team Team Crazy Day Craziness with Politics Craziness with Elon and Kathy Griffin Craziness with Ken Griffin not related to Kathy Griffin and who he's backing craziness. In the world of crypto, we have a lot of earnings we have macroeconomic reports and that's what we do it in the Matt core show I Hope I Was able to sum it up in a short hour with all of you so you can maybe feel like you're a little bit more informed about what's going on in this crazy thing we call life I know I Missed some uh comments here. uh hey Matt the lottery in the UK is tax free. Good luck. Wow that's awesome. Can one be fine for his views and encouraging? Uh Matt Check Etoro site you can copy trades uh I sent to TMI investors program with you I'm in UK and good luck but no oil. Make me money and give money to and you uh I don't quite know what that means but uh I don't have an Etoro account I'm pretty much my stocks are on public. my options are on TD and my Futures are on tradestation. Hey dude I Missed the morning show. Did you cover the news of Lowe's exiting the Canadian Market at a loss as a Canuck I'd love to hear your thoughts oh no Billy Bilbo I had no idea Lowe's was pulling the ripcord on Canada That's insane I wonder why Lowe's in Home Depot Have been doing actually pretty well decently. Uh, this will be on the pop quiz on Friday 100 100 percent I Think you need help? You're obsessed. Wait one of me cast iron I'm obsessed. Who's obsessed Am I obsessed with something? All right. Well now I'm just getting confused over there to answer your question I Voted locally blue Senate and House red ready to start your diet and fitness journey to Daddy Course 100 uh I Already started it today. So here is my die and my workout today: I got up I crushed a double espresso and I drank a like a nutrition thing that was uh, like fruits and vegetables. uh I don't think there were like calories in it. was a bunch of powders and shit. um and then my mom made stuffing. My mom makes the best stuffing. It's not like bread based, it's sausage based so it's more of a meat dominant lunch. but it had little croutons in it so there were some carbs in there. and then I crushed the stair stepper. I did about 32 minutes because there was two minutes of cool down. but the new stairs stepper, the new gym I met. they had like these stair stepping classes or like these digital classes where you have some lady from like the Netherlands yelling at you she's like you're such a pussy man, you gotta step harder. so I was doing that for a bit I did that for 30 minutes I think I got to like 140 150 flights but you have to do all these weird steps like crossover steps and like then you're on the side, then you're kicking your leg out. so I got my sweat on from that. then I crushed a little bit of ABS I did um the hanging things I did 60 AB kicks and then I was like oh man and then I had to get my hair cut which I don't think that counts as really as a workout and then I came back I crushed another coffee. then I drank some water and I'm had some dinner after this. I'm gonna have some chicken and broccoli. So day one of turning into Daddy cores, it's already going phenomenally. Well I mean I I am on my way to a a 20 pack in my abdominal region. That's how we're doing it. That's how we're doing it. This is you guys are going to be witnessing a crazy transformation I Before you know it, I'm going to be I'm just going to be the next Abercrombie model or something for all I know pretty sure my YouTube super timed out but what do you think of those eggs in the Canadian Market at a loss I need to look into that Bilbo I'll check it out like tonight tomorrow morning and we can chat about it in the old Discord there. um why would they leave though Canadians love building stuff. Where are you going to get your supplies to like tap a tree I just don't buy it. Have you moved yet? Yep. I'm in. New York Right now. this is it. This is the Windy City baby. the City of Lights the city that never sleeps. the City of Angels your boys here and man oh man is it just getting started. Man oh man is it just getting started? Uh, you're having a baby I actually cannot have a baby I'm told I don't have ovaries to the best of my knowledge. but maybe I don't know I'll look into it I'll ask a magic eight ball or something something something something folks. that is that for the episode of the Matt core show I Truly appreciate you hanging out with me. Thank you thank you thank you on your way out. Don't forget to murder, destroy, kill, unilive the like button. Also, don't forget to subscribe on Rumble on YouTube Up and up and up is the way The Goonies go I'll be posting some content later on today and then I'll be streaming once again tomorrow morning 9 A.M Bright and early and that's a little bit more laid back of just what's going on the market opening that type of thing. So two different Vibes for two different shows to attract two different groups of people because that's how we do it. But honestly, from the bottom of my heart thank you thank you thank you. Special shout out to the sponsor Today's stream I'm talking about public. Sign up if you want a free stock and you could even get more money if you transfer a large amount from a different brokerage. But look into it, it's cool. Hey Whenever you're free, you might as well check it out. Thank you thank you thank you I Hope you have a B-e-a beautiful evening I'll catch you in the next video.