Oh do oh brother oh brother oh brother, Uh folks. Very very very very quickly. We have about 90 seconds until the retail sales report drops. and if you guys didn't get the email message or whatever from Apex they're now doing another one- day approval thing 80% off half price reset.

So basically I bought a couple other accounts to see if I could get them improved by the craziness of the morning. but the report's going to be coming out in 60 seconds. So I need you guys to like right now? Vote bullish or Bearish I Need Like right now? Fast Fast Fast Fast Fast Fast Fast More Fast More Fast Faster Faster Faster Faster Faster Faster Faster Faster. Like someone needs to step up to the plate and tell me what to do here.

Someone needs to do it. We're coming out. Retail sales should be dropping momentarily I Have the volume up because we're going to be getting our boy Rick and Telly we're coming with some energy. Did I do all the appropriate accounts Bull bu I see more Bulls All right, it is 8:29 and 30 seconds I'm going to fire off a trade I'm going bullish.

You guys said bullish. We're either going to get five accounts approved or we're going to blow out five accounts just to see if we could pass this test. All right. it is.

829 50 Order submitted. Oh fuck Order F Order Cancel Shit. You guys were completely wrong. You guys were completely wrong.

It went the other way. team. It obviously went the other way. Well, those accounts didn't get approved.

They're not the PA accounts. The PA accounts are where you can make the actual money. I Was trying to get a quick five approved and we flipped a coin. We were the wrong way.

Oopsies, Oopsies, You got that right. Um, well. that leaves a little bit to be be desired now: I have less faith in your votes I have a little bit less faith in your votes this morning should have gone the other way on that one. Should have used the wheel of Destiny I should have I don't know how good the wheel Destiny is at um, some of these pre-market things but that was.

that was a bit brutal. That was a bit brutal. Where where's where is it going with Rick Give us the retail sales. Retail sales literally had to just come out uh, stock futures fall as Traders way Fed Rate cut expectations and part of that decision uh is right here.

the core retail sales coming out higher than expected so of course the market dropping because that suggested that we are still I don't know that inflation demand is higher than um, than expected so the number came in high. Not so good because it lessens the chance of R C. Welcome back to Squawk Box Rick Live on the floor? Well, I wish it was the floor. CQ With the breaking news of the morning, these retail sales expected to be up 410 is up 610.

That's the best since September if you strip out Autos still twice expectations up 410 best since September as well if you strip out autos and gas up 610 Equaling our last look and finally, the control group Which is inputed higher up the food economic chain in terms of data points is up 8/10 of a percent which equals July You have to go back to January to find a better number. Now let's look at import prices, shall we? On the headline number month over month for December Much much better than expected. We're expecting down5 Well, they're onchain so I guess better is in your interpretation. Lower prices at this point seem to be deflationary, which lines up with more of our Global Central Banking aspects.

but this is higher than expected and if you strip out petroleum, it's unchanged. Those are month over month. If we take a year-over-year look down 1.6% versus down 1.5 Export prices on a month over month down 9/10 of percent and finally, year-over-year export prices down 3.2% and that is about half of our last look, which was down a little over 5% Interest rates have moved up on a hotter than expected retail sales and we see that interest rates across the globe are higher. UK Inflation jumped in the month of December Andrew In the Gang Back to you Stay Warm Andrew In the Gang back to you hey Rick Thank you for that.

Meantime Goldman Sachs Shar is coming off a very positive session. this after the firm posted better than expected fourth quarter results, helped in large part by its asset and wealth management. Revenue Fourth quarter earnings jumping more than 50% though Fure profit was down 24% Joining us right now is Goldman Sachs's CEO David Sol in town. What's the DJ up to? Nice to see you sir.

Good to see all of you guys and happy to be here again And it's a warm it's a warmer day I'm glad I'm sitting so you were in New York yesterday because you had your earnings report. Let's let's talk earnings and then we'll get into some of the broader geopolitical issues and and Market issues but kind of Step the market likes they like when your asset management and the wealth wealth business go up because that's where the people will ascribe a higher multiple to the business. So where do you think you are in terms of the transformation at this point of the Goldman Sachs As they like to say, well, I We made a lot of progress in 2023. Um, you know we've made a bunch of strategic decisions over the last few years to really invest and grow that asset and wealth management franchise.

Get it organized and I think we've got the firm in a position as we enter 2024 where we have two key businesses where we really are in leadership positions and have a right to win and the first obviously is Global Banking and Markets where I think we performed very well and I think one of the things the Market liked yesterday was our relative performance in that business and what's not been a you know, a cler A environment. But we've continued to grow the Asset and Wealth Management franchise. We had our 23rd fourth quarter of consecutive long-term fee based inflows. We highlighted that we met our fundraising Target that we said three and a half years ago on Alternatives we exceeded it.

We raised $250 billion of Alternatives a year ahead of schedule and we'll continue to raise more alternative assets as we go forward. I Think that we'll probably raise another 40 or50 billion in 20 to 24 so the franchise is well positioned, we have very strong performance in the F funds and we're growing. The management fees and those management fees over the last 5 years have gone from kind of just under 5 billion to almost a $10 billion run right now. So we're we're making real progress.

People often talk about uh, the Goldman Sachs's culture as this very unique culture and historically it's been a culture around investment bankers and Traders that's been the culture. Now that there's this flip in terms of shift of focus and you may say that I'm wrong, You may say we're not. We're not shifting away from invest in banking or trading and I know I know that, but has it changed the culture? you know? I I Think that we've got a very strong culture that's centered around the fact that for a long time, the firm has been able to. All right, that's a little boring.

I Don't think you guys are necessarily the most interested in hearing what they have to say. Um, so we're starting a little bit early today because of the retail sales report. Once again, retail sales just came out higher than expected. The reason the Market's going down on retail sales being higher than expected is because that represents more demand than expected and more demand than expected Suggests that maybe we don't have the grapple on inflation that we thought we did, which decreases the chances of the X amount of rate Cuts this year.

Just to quickly summarize, so, retail sales higher than expected. Not good for the Econ. well kind of good for the economy. I Guess that's a tough thing to say.

Not so good in the short term for the old stock market. and that's exactly why we're seeing a little bit of a decrease right now. The spy and the Q's are both below their uh, close from yesterday. Uh, so I find that to be uh, a bit interesting actually.

uh, a bit interesting. So we're going to see how things go. but obviously the overnight session not the best. Uh, couple things I will be getting to obviously.

Rum Had a great day yesterday. It was the largest gain on my watch list of 15.6% got as high as $4.40 in pre-market trading just trading below four right now. if you look at the option chain, there's quite a bit of open interest at the $4 strike for this Friday the monthly that's all Rumble has has right now in terms of its built out option. Shame uh, Crypto right now trading at 42.6 in terms of Bitcoin Eth is trading at 2.5 salon at 101.

lots to get into. Um obviously folks. good morning, good morning, good morning I know we had kind of an Abrupt start. uh and to be honest with you, I just didn't know if I wanted to start right now I didn't know if I wanted to do retail sales or wait till 9:00 a.m.

I didn't know I didn't know I didn't know and then all of a sudden when I was prepping for the show I realized that there's probably a lot of stories videos that we should get into before the Market opens. Beyond retail sales. Obviously we have a lot of political development not only here in the US with Trump Nikki, Haley, Dan Santis, Vivic and all that stuff and basically a lot of Maga supporters are super stoked and then a lot of the people on the left eyes, left side of the aisle are completely losing their mind right now. Uh, on a bigger political scale, This is day two of Davos As you guys can tell, I'm in a completely new studio and that's because I'm streaming to you live from Davos This is the official davo Studio I Know a lot of you might be looking at this and be like dude that looks a lot like your other studio and it does.

Uh what I did was I paid? uh an entire team to airlift my exact studio with me in it and fly me to Davos Um so uh, Matt is in the WF CT Not only am I in the Wef, CT I I'm the president of it I'm the chairman of it I Run the thing. This is what it's like to be paying attention to a show in Davos This is it. We're We're here. We're doing it Live Live From Davos Day two.

Um, speaking of Davos, 2,800 of the world's richest people are in Davos right now discussing your future. You are cool with this, right? You better be Because that's how we're going to run things and the world's richest person. I.E Me because remember that video we watch where you can technically count your wealth in the future and obviously I will be the wealthiest in the future. So that's T amount to be me being the wealthiest right now.

Yeah, I'm running the whole party running the whole party today. Uh, interesting. Uh, you guys probably were sleeping when this happened but before I decided to run Today's Show Uh, there was already a lot of speakers at today's forum for day two and it's kind of going a little bit off the rail so obviously uh, this is a little bit of a clip from what happened in Davos this morning and I Appreciate the World Economic Forum Providing me the opportunity to be on this stage and say fuck you CL Schwab and fuck your New World Order We the people were born free. We will stay free and you and all of your globalist friends including everyone in this room can go fuck yourself and I Appreciate the World Economic Forum Providing me to as you can tell uh Davos is a little bit off the chain this morning I I Know that maybe you guys thought it was already off the chain.

We covered the stories yesterday of all the sex workers already being like completely filled their Cly schedule like maxed out. Uh, it's getting more wild. it's it's actually getting far far more wild. So uh, what a way to say good morning from the official Davos Summit Now there were other discussions there and just because we have such I don't know.

the political season is obviously heating up in the US just because it's an election year and it's basically either going to be Biden or Trump uh and Jamie Diamond who we've been talking about more lately. he's the CEO of JP Morgan But we've been talking about him because he keeps saying very negative things on crypto and specifically Bitcoin And then yet JP Morgan is the authorized participant. so they're basically helping add structure to the world of crypto. but apparently he personally hates it.

which is strange because he's more than willing to make money off of it. But anyway, this is what: Jamie Diamond Uh, had to say a little bit of go to the I Guess Davo CNBC team. Um, how do you see the US economy playing itself out over the next 12 months? This is an election year. We've been talking a lot about what just took place in Iowa and trying to understand how the American public is going to feel about the economy.

May Ultimately, uh, dictate how uh, the president is decided Yes, I agree with that. I I Think it's a mistake to assume that everything's hunky dory and you know and when stock markets are up, it's kind of like this little drug. We all feel like it's just great, you know? But remember, we've had so much fiscal stimulation little Ukraine there the Zinski gave it facing a lot of things in 20, 24 or 25 and you we mentioned in Ukraine the terrorist activity in Israel the Red Sea quantitative tightening which I still question if we understand exactly how that works I don't think we do how QE actually worked what the effect of negative you know zero R Someone should understand and obviously the politics and you know. And then the Ukrainian war is affecting oil, gas, food migration.

So you have all these very powerful forces that are going to be affecting us in 24 and 25. So if I was the government I would be preparing for I'm going to do about that assuming things aren't good and I just also want to point out I I wish the Democrats would think a little more carefully when they talk about Magga. You know and you If you travel this country, you know and this country is unbelievable. We took our bus trip this year and Leslie piger un spok Boise and Boseman people are growing.

They're hungry to grow. They're innovating. it's it's everywhere. It's not just his great hand, but they're actually people voting for Trump And they think they're and they're basically scapegoating them that you are like him.

Uh, and but I don't think they're voting for Trump because of his family values. If you look, just take a step back. Be honest. He was kind of right about NATO kind of right about immigration.

Whoa someone. Trum is right on. virus. Tax reform worked.

He was right about some of China I don't I don't like what he did. no he said China virus he may have been right and I don't like how he said things mexo I don't like but he wasn't wrong about some these critical issues and that's why they're voting for him. And and I think people jie citizens and when you guys have people up here, you should always ask the why not like it's a binary thing you're supporting Trump you're not supporting Trump why are you supp hard to hate 75 million of your fellow Americans and it's I Agree Done. Done a pretty good job with the deplorables hugging onto their Bibles and their beer and their guns.

I mean really like could we just stop that stuff and actually grow up and treat other people with respect and listen to him a little bit? and I do think the economy will affect I Think this this negative talk about Maga is going to hurt upside down World it' be so like he's some coming off somewhat positive on Trump but then the Ukraine I don't know dude Jamie Diamond's all over the place. Did he say other things this morning? He had to. He had to Dude they are talking to everyone Blackstone The Chinese have decided they need to re-engage with the world for their own reasons. I have some updates for you on China cuz we just got their I believe GDP report.

uh room there was more diamond stuff right here. what is Diamond was this one? Okay, this is what he said on one of the reasons and we heard how challenged, how do you how challenged you think the Chinese economy is right now and and that's one of the reasons and we heard last year actually from the President of Taiwan one of the reasons she thinks that actually China won't try to take take the country is because they have to deal with their own challeng at home. I think there's some truth to that, but I think it's good they're here. you know I mean I think they're trying to make sure that they that they're open for business, that they're being fair to foreign companies.

you saw that foreign direct investment for the first time kind of ever. I think since WTO was negative this year and direct investment is down and so they need to invigorate their own economy for their own citizens, their own growth, their own people and and that may very well. Play Into The Geopolitical View And the message is that they're open for business now. I Think people who have gotten burned in the past may be a little reticent before they're willing to invest more into it.

they they have, so take Financial Service They've been very consistent in opening up took a long time so we have full license there now. but I think you know anyone who's looking and invest in there has to be a little worried. So and and you know the risk reward has changed dramatically. you know and of course you know compan like JP Morgan I always said when it comes to foreign policy Lincoln decides and the president you know I salute I'm an an American Patriot but they want us there.

they're not. They're not asking American companies to leave and you know being a Premier Bank in in uh in China helps us educate the government. It helps us educate the world about China We bank I'm going to say a thousand multinationals in China So obviously got to be very careful and the laws have changed and we have to change with the laws both in China and America we're we're actively doing that. Um, how do you see the US economy playing itself out over the next 12 months? This is an election year.

We've been talking a lot about what just took place in Iowa and trying to understand how the American public is going to feel about the economy. May ultimately dictate how uh, the president is decided. Yes. I Agree with that.

I I Think it's a mistake to assume that everything's hunky dory. All right. And you know, when stock markets are up, it's kind of like this little drug. we all.

we had that one. they must have cut it. There was one on crypto. This is what he just said about crypto.

Could we pivot to a topic that I know I know you? you find sort of laborious at this point? Uh, it's a good good word is Bitcoin Um, this ETF was approved just about a week ago now and I think a lot of people are trying to understand what it ultimately means. JP Morgan I Imagine uh, if you're a client of JP Morgan you could call your broker and say uh, get, get, get me some of this ETF Um, what are you telling? What are you telling your Brokers to tell them back when they make that call Yeah, so this is an important thing. I Would this is the last time I've ever talk about this in C God Blockchain is real. It's a technology we use.

Use it. It's going to move money. It's going to move data. It's efficient.

We've been talking about that for 12 years too. and it's very small. Okay, so I think we've wasted too many words in that cryptocurrencies. There are two types.

There's a cryptocurrency which might actually do something. Think of a cryptocurrency has an embedded smart contract in it, and then we can use it. Buy and sell real estate or move data that may have value. the idea of tokenizing things, tokenizing things that that you do something with.

and then there's a one which does nothing. I call it the pet rock the Bitcoin or something like that and so on. The Bitcoin you know there's First of and I'm I'm not trying to make a joke here. There are use cases AML Fraud, anti-money laundering, tax avoidance, sex trafficking.

Those are real use cases and you see it being used for can that is the end use case. Everything else is. People train among themselves so speculate. Yeah now okay now my last statement the last time I ever talk about Bitcoin Hang on we got it to celebrate really quick.

Street Street Street Street Street Street Street Street Street Am I The best Trader ever. Short answer: yes is back to the show. Defend your right to do Bitcoin back to the show I think you know it's okay I don't want to tell you what to do So my personal advice was be don't get involved but I don't want to tell anyone of you to do is a free country What do you make? What do you make of black? What do you make of the other firms the black rocks of the world did you do better? Question is what didn't I do think changed his view of that's a better question and maybe he changed his view because you think he genuinely believes in Bitco or because he thinks there's a Marketplace for it and he wants to be part of that market. But what do you think of the there's about a dozen big Financial companies Fidelity included number one I don't care so just please stop about this shit and and I don't know he say about blockchain.

What do you think of the there's a maybe he changed Bitcoin or or believed it because he thinks that there's a Marketplace for it and he wants to be part of that market. but what do you think of the there's about a dozen big Financial companies Fidelity included number one I don't care so just please stop talking about this shit. and and I don't know what he would say about blockchain versus currencies to do something versus Bitcoin that does nothing. maybe not different than meav This is what makes a market.

People have opinions Davos brings out the best of every state. my opinion: uh I guess that's the last time he's ever going to State his opinion. Um, seems like a couple of you are interested in just what happened. Well to put the skinny on it 3 * 5 15K 16k locked in on these Sim accounts.

So now the fact that I made over 3K if you have a 50k account, you need to make over 3K for get it to get get approved. Um and right now if you guys got the text or the email from Apex um up until the 19th they're running in 80% off deal, a one-day approval, and also 50% account resets. um I just want to make sure I got that all right. So basically what does that mean it means when the market closes today, I'll be able to upgrade these to PA accounts where I can get real money.

So basically I just passed the account on F or the test to get approved. Uh I passed it on 1, 2, 3, 4, 5 obviously making 3K on each those accounts and I just went short because the news we got from retail sales this morning was pretty negative and I just went full degeneracy to the bottom side and then I just locked it in when I hit the profit Target that I needed to hit. so at Market close I'll be able to upgrade these to re quote unquote real accounts where I can make actual money. Um and the reason I did it today and not tomorrow or something like that is because right now they are doing an 80% off and a one-day pass deal and then also 50% account resets if you blow one out and you want to reset it.

Um and the cool thing is is I've been annoying them so so much that they now officially gave me the code. Gooni! look it the website it updated for the longest longest time they it was that really weird code. um but I kept emailing them they're like we can't switch it, we can't switch it. You're nobody we don't want to talk to and this is just a little bit of like persistence folks.

This is why you show up. This is why you're David goggin carrying the log. You know, maybe he runs 100 miles in the middle of the night cuz he wants to be physically fit. My equivalent battle is every single day emailing Apex and explaining how hey my community, they're never going to remember that long code.

Can you just give us the word gooni? So now if you officially use the word gooni it's there. It's on the website. It's real. It's a thing.

80% off use the code gooni one day approval, 80% discount, 50% on resets in case you don't pass the test it's pinned at the top of chat it's in the description of the video. They're doing it right now to celebrate um, apparent apparently Apex this video just dropped from Daryl Martin Who I believe is the CEO Apex this company where I do all my prop trading what you just saw I trade on Ninja Trader You could also use trade evade if you want I just choose to hook it up to Ninja Trader They've paid out $85 million, $38 million of which have been paid out in the past 90 days. And that means that they are 600,000 on average every single trading day. That's how much this company is paying out to people trading there.

Um, 18,000 payments in the last 90 days. This is over 200 payments to customers on average every single day of the month. Apparently what they pay out in one month, we paid out on average in a week. What then? the next largest company paid out in six months? That is crazy.

That just shows you how much bigger um Apex is relative to all these other ones. Um, so for me I I Like to talk about it and let you guys know what's going on when there's a better deal. So right now it's 80% off a one- day pass generally it's only 71% off and a 7-Day pass. So right now you get more of a discount.

If you get a 50k account, it'll cost I don't know. whatever. 80 it'll cost like 30 bucks instead of 167. 80% off.

It's like $33 Uh, so just want to let you guys know about that. it's pinned to the top of chat. it's in the description of the video. But most importantly, use the code gooni to get the 80% off deal and the one-day pass deal.

Just so everyone knows um. And other than that, obviously I will be asking you guys at Market open for the other ones because right now this was just the pass the test on five of them. These other 15 the ones that start with a PA I know it's kind of small, but the ones that start with PA they're already live like for real money. uh and I'm just trying to slowly build them up so I could take out the money myself.

and actually on that note, I should probably undo all of these and go back to uh, how are you guys feeling at open today uh I guess I could lead with my account 49 49, 48, 47 All of the ones that say Pa Pa pa pa pa Pa Pa All right I Just want to make sure that was set up somewhat appropriately because I don't want to do something stupid like I did the other day 49 I'm just double-checking that I have the accounts set up. Um, so obviously in a little bit I will be asking you guys. Uh, actually, let me put up the poll right now. I'm putting up the poll right now.

Uh, reset the linked accounts M Reset reset the what do you? I don't understand if you blow up an account, can you just close the account? Yeah, you definitely don't have to keep paying for it. That would be insane. Uh, you can cancel it or generally it's cheaper to reset the account rather than start a whole new one. Uh, but obviously that depends on like the current like offers and that type of stuff.

Um Market at open Market at open Bullish. Bearish. start poll. All right.

Um Rumble I'm going to ask you guys now before I forget because the other time we did it, it got like way too close to the line because I end up getting way too into these stories and whatnot. So YouTube you're doing your poll right now Rumble Tell me your poll at Market open from 9:30 to 9:31 the very first minute of the day, which way are you voting and I don't want you to be angry at me? Yes, technically you were in the lead and then I accidentally made an extra trade on YouTube's account yesterday. So as of now, the way the competition stands on the morning of January 17th technically YouTube versus Rumble versus me, we've all been right. Rumble's been more right.

but YouTube's in the lead because I accidentally made an extra trade on their account that hit um, Bearish Bearish Bearish green Green Bear Green Bear bear. Okay, the Bears won on Rumble there's at least six I Just go look at the first 10 comments. Um, all right. so Rumble is going bearish at open and I will let YouTube vote a little bit more.

Um, Okay, so Rumble bearish at open, we're going to see what YouTube's going to go I know what? I'm going to go. but I'm not going to tell you guys right now because I don't want to sway anyone's decision. You know I don't want to mess with anyone's mind on this one. Um, so there are some other things we should get into before.

Dude: Why I have too many tabs open I'm such a a tab Glutton Like if there's one thing you could accurately say about me, obviously, it wouldn't be that I'm a quality Trader Obviously it wouldn't be that I am a good content creator or even an average Entertainer by any means, You couldn't say any of that. What you could say though is M where's that guy? He's such a Chrome tab Glutton Like he just has so many Chrome tabs open at any moment of the day. That's the one thing you could accurately. that's the one thing you could truly say about me.

Um, so we went through Jamie Diamond Obviously he was popping off this morning, but coming back to his commentary on Trump and whatnot. Uh, so this happened last night. kind of interesting. Trump Crowd chant VP VP VP After Vivic gets done speaking, Trump says he's going to be working with us for a long time.

So as we're listening to this I would love to get the comments from you, your thoughts, your comments. Do you think Vivic Ramaswami will be president? Trump's VP running mate for the 2024 election? Yes, no someone else. You don't really care. Let me know.

I Want a body language expert to break this one down for us like that's a lot of touching. Man for two grown men who also both have wives. Thank you thank you! Wow, that's how is that. Pretty good, right? That was a lot of we should break that one.

Down's a fantastic guy and he's really, uh, he's got something that's very special because he started off with the Zippo and he's got. He ended up very strong. He did a great job I Was actually surprised when he called because he was doing well and be. Ben He's going to be working with us and he'll be working with us for a long time.

Trum Tucker You think it would really work with two white dudes? we were discussing that in Discord this morning? you really think that the ticket will be two white dudes? You don't think that the world's like at this point, kind of demanding a little bit more diversity on the ticket, just question just something. uh just something to throw out there. Uh, actually hang on. there was a better breakdown of this one.

Nope, not on. China Did I end up liking it I generally just book every Mark everything I want to go over with you guys by hitting this one. Was it this one? uh this was after basically Vivic went on um news to kind of comment on his thoughts and opinions of everything and I think that you guys may have seen some of the rally that we had and the the response was overwhelming and I think it's very clear who the Republican primary election is saying they want to be their nominee I ran to be that person. They sent me a very positive message but the very positive message they sent to all of us is that Don Donald Trump needs to be the nominee of this party and I think Ron Nikki Haley would actually at this point do this country and this part service by stepping aside to make sure that focus on not only nominating Donald Trump but getting this country back and Reviving those founding revolutionary ideals.

and I think we do live in that 1776 let diversify instead of picking the most qualified I actually hope it's still in and Ronda Sanz to drop out right now I am and I do think that would be healthy for this country and I think that you know what, especially Santis, at least of the two of them will have an important role to play in the future of this country and leading this nation. I Do believe that. but I think that the right thing to do right now is the people of this country. through the Iowa caucus.

it's the most Grassroots process I've seen I personally did over 390 events, built great relationships and good. The message they sent was clear: I think it's time to actually make sure we elect the right president America First agenda to the next level and you know what? America First, it's not even about trump. It didn't start in it started in 1776 Donal Trum Be the right person to take this forward for the next years, but we need to start laying down the foundation for this to live another 250 years. And I do think that is the right Next Step for us to take which is why I proudly endorsed Donald Trump last night.

All right. So basically they're calling for Um Ronda Santis to drop out for Nikki Haley to drop out. Uh, and it is just a matter of time I Thought there was a long speech in here. Was it this one? No, that was against.

Is it this one? There was a full breakdown. Oh I got every shut up wait Am I not going to sneeze Am I going to sneeze or am I not going to sneeze. This is why I'm never invited on Good Morning America Anymore, you know it's just like Willie sneeze wony sneeze. It's just like either commit to the sneeze or don't like honestly, be an adult.

Uh no, this is not the video. There was more of a full breakdown that I cannot seem to track at this point in time so we're going to pretend that it doesn't exist. Uh I thought I had saved it but I don't know where it is and yet I still have too many tabs. Oh now it's not even respond here.

Let me just kill this one. Back to the world of the economy now for a second. Obviously this morning we got some retail sale reports and that's pushing the market down right now. Not so.

Bueno China's economic growth disappoints. fueling stimulus CA GDP hits 2023 Target but deflation and property still drag Focus shifts to how policy makers will step up support in 20124. Uh, so basically you can see it right here: the GDP report coming in less than expected and now it's getting to the point that some of the economists either within China or tracking China are actually saying uhoh, like do we need some sort of stemy uh, so kind of going the other way than um, like, kind of what's going on in the US right now? Um, we're actually seeing a clear weakening in the Chinese economy. Last year, in 2023, the Chinese economy rebounded and moved upward with an estimated growth of around 5 2% higher than the round 5% Target said at the beginning of trying to SP classic spin job promoting Economic Development would did not resort to massive stimulus.

We did not seek short-term growth while accumulating long-term risks. All right, So little bit of an idea of weakness in the Chinese economy. Uh, Little Bit Stronger retail sales this morning? Um, so well, and also Euro zone. So here's what happened from last night to this morning: Ch Ch's GDP gross domestic product coming in less than expected.

You have the Euro Eurozone CPI coming in at expectations and you have us retail sales coming in better than expected. So the Euro Zone number that was as expected. So neutral news: retail sales coming in higher than expected, a bit of bearish news and China GDP also a bit of bearish news. And that's exactly why if you look at what happened in the overnight session right here.

Basically as we're all sleeping getting the rest that we required, the market dropped, tried to pop, and then dropped a bit more and really started accelerating at 8:30 when we got the retail sales report. maybe a better view of it is right here in the bottom left of your screen the 30 minute on the S&P 500 futures market. So basically we close right around here 16:00 then it dumped when we got the information late last night about China try to recover in the European session because it was decent CPI news and then with our information this morning, that's exactly why we saw the drop. Um, so just wanted to give you a little bit of rundown, but on top of that, don't forget that we are officially in earnings season if, uh, this will ever actually I just want to show you the ones right here.

Last night after the market closed, we heard from interactive Brokers I know a lot of you watching this are probably trading on interactive brokers. uh not so. Bueno not so. Bueno so if you're playing that stock if you're bearish, good for you.

uh Goldman Sachs we just heard from uh Solomon The Xdj Who apparently had to step down from his is DJ Gig uh those numbers actually pretty decent this morning I don't know Charles Schwab's numbers yet so I'm going to look into them. Uh, Discover comes out after the market closes today Thursday's Tsmc and then we have some other midsize Banks and then next week is when we start to get all those major Tech plays. this is E Whispers on Twitter if you just want to check it out there or feel free to screenshot this, but it's also included in the weekly newsletters. um, maybe you were paying attention to some of the craziness yesterday and I don't want to let the cat out the bag if you weren't but check out Save Sa a V This is the ticker symbol for Spirit Airlines Now for quite a while Spirit was all about like hey, uh, we think we're going to try to go through a merger and then all of a sudden, uh, the a federal judge yesterday.

actually I don't know if it was a federal judge. You guys kind of get the point here of what's going on. Uh, they decided that no, you can't go through a merger with Jet Blue because that would make a monopoly And then all of a sudden Spirit Airlines Ticker Symbol Save dropped from 1532 to kind of where we're at right now. just below $6 just below $7 It was brutal.

There were multiple circuit breaker hals and this all happened because the judge said they are not allowed to merge. which now obviously the market is saying uh-oh That means that spare Airlines might be going under because their financial situation is definitely not the best. Um, trust me, the I completely appreciate the comedy involved of the fact that their ticker symbol is save and the company is not being saved. In fact, it's now apparently like a zombie company on a death walk.

so maybe they'll be able to turn things around. I mean I don't mind budget Airlines I Like them when I want to fly for cheap I'm going to use them. Uh, but this was brutal and it once again it was all on the news of a judge saying uh-uh not allowed to be paired up with Jet Blue Uh, here's a little bit more of a breakdown: JetBlue Spirit Deal blocked on antitrust grounds which is just a fancy legal way to save Monopoly When you look at just how drastic the move is, how unprepared were investors for this move. and what's the path forward? Yeah, I mean I think a lot of investors were inside Spirit uh Airlines You know for the potential buy by JetBlue it I mean the shares hadn't fully bridged the gap between what JetBlue was offering.

Um, you know, as as is typical, basically they were being offered a premium so they went up to and then the deal fell apart and now dropped. Even worse that maybe the government had made a good enough case in the trial. which is you know, our litigation anal Jen R who followed the trial pretty closely United American or last by them tomorrow. No, it be still the same antitrust.

It doesn't matter that it's Jet Blue it's the sizing of the two companies and United American are both bigger. Very difficult. Maybe Alaska CU Alaska is smaller in a segment of the market. very United America Delas might but Alaska prob M Spirits Not profitable as of 3Q Uh, next year looks rough as fair is potentially falling in the US market.

We saw that in Delta's results. uh in 4q. Uh so I Think you know there's some pretty rough days ahead of Spirit without Jeet Blue. Yes, very rough days.

Outside of exploring legal this get better. what comes next comp you alluded to really what comes next for the lowcost carrier. Market Yeah, so I mean you know I guess Jeet Blue has to figure out where they want to go from here. My guess is they they might be able to contest something like this.

I I wonder if they they would? Bloomberg They put a pretty heavy premium on top of Spirit buying. You know, making the offer well before I Think we've seen the slide and Airline shares that we've seen over the Um over the last bunch of months and so you know you. Makes you wonder we could be in a market that has too much capacity. Um, the ultra lowcost carriers I don't see it as a separate business unit they're in there competing with.

You know, even in the back of Delta American United there's a bit bit of ultra lowcost carrier. Um, and so they're in there competing against everybody for the most price sensitive uh, customer. And right now it feels like that price sensitive customer could be under pressure from the higher inflationary costs. We've seen higher interest rates.

uh, you know, maybe maybe the um the job market looks like it's not as as white hot strong as it was previously I think that means that traveler may be doing less? maybe more price sensitive and I think that's going to be a tough Place uh to compete right now? All right. So there's the update on some of the crazy news related to Spirit Let's see how J Blue ended up JBL popped on it. So basically the unwinding of the potential merger. so JBL went up s or Spirit went down uh Apple to pull blood oxygen tool from watches to avoid us ban if appeal fails.

So a little bit ago, let's go to Apple's daily chart obviously with one of their newest watches. um, the stock was already downtrending and then they got into a bit of regulatory issues they were accused of. Basically, patent infringement is probably the best way to say it once again. I'm not a lawyer I don't speak legali uh but their newest watch that actually seemed pretty cool pretty Advanced Um, they were selling it for a little bit, then the courts got involved and now they're trying to appeal it.

But it all relates to the watch. and just like the fancy schmancy stuff that it could do blood oxygen stuff. Um, so right now Apple's attempting to fight it doesn't from my understanding, doesn't seem like it's going to favor them in the court case, so most likely it's going to get pulled. It is an incredibly dramatic step: the idea of Apple removing a feature from its devices in order to avoid this continued litigation over their patents with Mosimo.

So let me tell you exactly where things stand as of today. As of Friday January 12th in the US the US Customs and Border Patrol agency approved. If Apple removes the feature via software from the watches newly sold watches, they're able to continue selling the watches on Tuesday Us January 16th Apple is hoping that the US Federal Appeals court that circuit will rule in its favor to have a one-year stay on this issue. That would mean the Apple watch with blood oxygen can for without the having to roll out that new software that removes the feature.

So essentially, we're going to know tomorrow. Does Apple have to move away from that feature? Or can they continue selling it for the next year? So this was a really important piece of news that we got today. The more important drum beat is tomorrow. so look for that update today.

I Just want to bring this up going down today Wednesday This was such a highly touted feature. You're Trad invest. probably going to be some Mov on impacted as well. Well, if it's not immediate removal, Apple's going to have about a year to figure out a solution and I would bet heavily that with a year's time, buy out the watch indefinitely Uh, and rework it to not have to violate MOS patents.

In fact, I've been told that they're working on this software fix that changes some of the underlying algorithms some of the wording inside the blood oxygen saturation app to get that to happen. but for that to matter at all, it's really important for Apple that they win tomorrow. They win that appeal. Now if they don't win, the solution is remove the feature and then get to work on getting the feature back up and running on the watch.

Uh, without violating those mosal. Pats All right, so that's your skinny on Apple But we actually do have one more other piece of related news: Apple to allow outside payments for apps After us decision, so recently Apple's just been served kind of loss after loss. On the legal front, billions of dollars in aded Revenue are at stake for iPhone maker. Epic Games fought to open app store to cheaper alternative.

So if you guys don't know about this, basically every single app with on your iPhone Apple was kind of getting some of the money from and they're basically saying oh wait, what? cuz Apple was the payment intermediary. uh if it was on the iPhone and Epic Games has been fighting them for years about this and they kind of won. Uh, so this basically Apple right now is under pressure. like on a dual front.

It's not only the absor payments, but also the watch thing. And that's exactly why Apple's been falling. Because this is like legitimately bad news for the company. Billions of dollars on the watch side, Billions of dollars on the App Store side.

So that's why the stock has been falling from almost 200 all the way down to 181 recently getting as low as 180. And that's also why officially Microsoft is now the number one stock in the entire world. Apple has fallen to two for the longest time Apple was like Supreme lead leer of the old stalk Market As of now, it is not uh, actually. uh, top stocks in the world.

You could go to what is the website right here: companies companies market Cap: Uh As of right now, Microsoft is valued at 2.9 trillion. Apple is valued at 2.84 trillion. Uh, so Microsoft is the new supreme leader as of now of the old stock market. Obviously, things change, but I actually wouldn't be surprised in the slightest if this is more of a permanent shift just because we see Microsoft making pretty impressive plays, especially on the AI space.

And then on the flip side, Apple's being served some losses. So I would like. in the past, there's certain days where Microsoft would be ahead and the next day Apple regains it in the current trajectory. I Wouldn't be surprised if Microsoft holds on to the like the number one spot for a bit here.

That's just my own thesis 50% of the time I'm right 100% of the time, so we'll see how it plays out. Tesla Slashes car prices across Europe after similar Cuts in China Tesla has prices for its Model Y cars across Europe No long. Not long after announcing similar price cuts for its Model 3 and Model Y vehicles in China Tesla cut prices of its Model Y cars in Germany by as much as 8.1% while in France the Netherlands Norway the company has made similar Cuts Tesla's Shares are down 1.6% in pre-market trading. Let's take a look at it.

So Tesla I Kind of did more of a breakdown on this one yesterday. Tesla Was looking a bit negative. Attempted to break out here in mid December Uh, and it was going for about a week or two. unfortunately couldn't hold and then there was four pretty brutal days at the end of December starting off the new year and then it was trying to hold on to this trend line when it broke below the cloud and then it quickly vomited To this downside: Gap at 225? Uh, I Still think that Tesla's heading heading to the low 200s? I Really, really do.

It's just I'm following price action I like Tesla it. It pains me to say this, but in the short term I think there's going to be more bearishness than I Do there is bullishness? Uh, there's a lot lot of arguments and fights about what in the world's going on with Elon and his pay package. Basically, he says he wants 25% of the equity right now he has 133% with another 7% potentially in options. Basically, he wants certain performance metrics that entice him to continue to build out AI under the Tesla umbrella opposed to a whole new company.

Now obviously, as a Tesla fan investor, I would prefer that the AI development happens under the Tesla company. So I get exposure to it in stock. and right now, the fact that it might not happen. that's recently why we've been selling off a little bit more because there's a chance that the board doesn't improve it now.

I Believe on that particular note, I do have an update. Uh I think they brought Ross Gerber on this morning and then uh Tom Nash quickly dunked on him. Where was it? Where was it? Where was it right here? Uh so Ross Gerber he's just uh I guess a stock commentator I think he runs a hedge fun I think he's done some work with like meet Kevin in the past like podcast together. but anyway, big fan of Tom Nash Ross is at it again and he is just not that happy.

All right. welcome back! Let's talk Tesla because founder Elon Musk is pushing for more control and more shares of Tesla he posted on X which of course he also owns. Quote: I am uncomfortable growing Tesla to be a leader in Ai and Robotics without having 25% control. He then adds quote unless that is the case I would prefer to build products outside of Tesla must currently owns of Tesla massive amount for a public company and some investors may not want him to own even more, but there's a lot going on here.

so let's try to break it down and maybe what's driving this desire for more? And that is with Gerber Kawasaki president and CEO Ross Gerber also a longtime and well-known Tesla investor. Now do you kind of view this almost as Like A Veiled Threat Maybe not even veiled. You know it's funny because he like gave that blackmail Me with Money speech the other day and now he seems to be like blackmailing the Tesla shareholders saying he won't build stuff for us unless he gets another 30 billion. First of all, it's not blackmail.

He's not saying give me 30 million or I'll go elsewhere. He's saying hey, set up an incentive package where benchmarks set High benchmarks and I'll work to achieve it and if I hit that Benchmark then I get paid in stock. So it's not just give me money and I'll do work, it's set High benchmarks and if I achieve it I get more stock and if he achieves those benchmarks, the market cap of Tesla will go up far more than what he's being paid Like like magnitudes more so not the fairest way to portray really what's going on. which ironically was exactly how much money he sold of Tesla stock to buy the platform that he's tweeting on.

you know his Echo chamber so you know he sells all the stock to to buy Twitter and now wants more stock. But the idea that he doesn't control Tesla is absurd cuz remember, he has also options on 7% of the Tesla's share count as well. So he really controls 20% of Tesla currently. and so yeah, I'm uncomfortable not owning 10% ofes idea.

paying a CEO $30 billion makes any logical sense in the modern world who already has $150 billion stake in the company. so it's really disappointing. And I think a conflict of interest that he's even threatened to not build products at Tesla when he's actually the CEO and has a fiduciary responsibility to the shareholders. Yeah, but it's an automaker so he's kind of arguing arguing about, uh, building out new lines of business I guess I don't know I Kind of see it like to try to see the other side of like yeah, okay, like why are you holding it hostage like that I Assume the board's going to like they're going to meet in the middle of like, okay, like we're not going to give you what you asked for, but we'll give you half of what you asked for at super high benchmarks I Like this concept of like like eating what You kill like as in I want performance metric So if it's somehow if the board and the company is even more incentivized than their normal pay package to hit extraordinarily High targets I Like that cuz then you know they're working their ass off to hit it because they're enticed to do so.

Um so I see it both ways cuz the other argument is, well, you already own 133% so if the stock goes up, you're already enticed to do so because we're talking about $150 billion so like to be I do see it both ways: I Don't think in this scenario I'm fully on Elon's side. but I also don't know if I fully agree the way Ross sees it I think there is some argument for like a happy medium that I guess um I think that's probably the reasonable take, but whatever. we could come back to that in a second. uh I Kind of want to be a little bit more cognizant of time.

it is 9:20 Uh, so we're going to be going over some of the market open trading competition stuff, but before we get into that, obviously, sign up for this Mc. Locals.com Uh, it's the second link in the description of the video. maybe the first, but you could get this for completely free. When you're joining locals, there's two options.

You could become a member which is 100% free or a supporter which is a premium thing. It's a premium member so a supporter is a paid thing, but you could get the first month for free with the code gooni or you could just be a member. But regardless, if you're a member, you get this for free. So this is a newsletter comes out every single weekend.

I break down what happened the previous week I let you know what's coming the upcoming week I break down all the upcoming macroeconomic events I highlight all the major earnings and then I kind of show the ones I think you most likely will care about and then I give you the seasonality. Today does historically favor the Bulls a little bit, but you can see not only the bull win percentage The Profit Factor but also the seasonal bias and the way I do. All this is from the past 25 years of data. I look at that individual day and I put it all together, get the information, and also show you the equity curve of what it would be like buying at open and selling at close on that individual day.

Uh, seasonality. It's not a guarantee. There's no such thing as a guarantee in the market, but gives you a better idea of head wins, tailwins, that type of a thing. And once again, this is for the S&P 500 futures market and then also an update on the Zero DT option strategy.

I'm going to need to be a little bit more articulate in here just because we have the first one Piper but now we're actually working on a second one called Rue Um, so I'm going to need to be a little bit more specific of like, what is what strategy as of right now, all the publicly posted information relates to the first one, the Piper Strategy which um is basically selling a bunch of pre. last week it was batting a th000 it. Uh, thus far in January it's 30 for 32 units and it's on a 9 day wind streak. so that's pretty exciting.

Um, yesterday the Piper strategy did not fire. Uh, if you remember kind of what happened yesterday, it was a bit choppy. so it we went down, We went up, We went down. Uh, so when it kind of violently goes nowhere and there's not much momentum, the strategy is not going to fire.

The strategy does not fire every single day. or I should say the signal doesn't. Um, But with with that I Ended up personally taking some trades relating to the new Zero DTE system that I'm working on. Rue And as you can see here, I sold a bunch of SPX premium.

It's all here. You could see it for free. If you're already a member of locals, you got the email. Um, so to kick off the week obviously the 16th, my realized gain was $617 Uh, folks, you can get into the Discord for free with the code gooni.

It's in the description of the video. Um, my mods will be putting it in chat. Um, but two different trades. 70% return 52% return.

This is a picture of my own actual trading account. Obviously, if you do the quick math, this would have paid for two years of the service. One Singular day would have paid for two years. So my hope for you guys is not only do you learn from the private lectures on the weekend, you get the newsletter.

uh, we talk a lot about options Futures random stuff when the Market's bored. Um, but my whole goal is I hope within the first free month that you either pay for the next month so would never cost you anything or the whole next year or maybe even more than that. My whole idea. My whole concept for all of you is for you to get into the Discord on the free code which once again is the code gooni and then from there.

my goal is for you within that month to either learn enough, have enough entertainment, or legitimately have enough solid trades that the service is always perpetually paying for itself. So my goal is is that you never really have to spend anything. Obviously, if that interests you, go here. I Mean you click on the link, it's going to look like this.

Just make sure the code goon is applied, you hit subscribe and you will be in. Um, so for the people who joined up yesterday, there was a big big chunk of you. You should all be In Out folks if you are having any issues whatsoever. like if you're like hang on man I'm only seeing the welcome message and I already were like I already went through the syncing of my localist to my Discord Message me on Discord Uh, email me Media Mathews.com Message me on Twitter I will get you as quickly as I possibly can.

All right. So we're going to come back to Crypto in a second. Obviously because Jamie Diamond said some interesting things on it this morning. But before we do that little bit of prep work, little bit of prep work, here's Rum.

We'll leave Rum up for a second over here. Rum up 15.6% yesterday. Love to see it. Love to see it.

What else crushed it yesterday? actually? Nvidia did slowly but surely in 564. Dude, Nvidia is a Madman getting his high as almost 569 yesterday I Just know someone in here is like an absolute degenerate and I love it I Absolutely love it. So if you've just been endlessly swinging coinbase calls, you deserve all the money that you are getting. You really really do massive massive.

congrats to you! Hey Matt Any luck finding a no Kyc exchange? Uh I Want to start trading on one? Yeah yeah yeah, so there's two that I found that I made an account I I want to do a couple trades on them myself to see which I like better but I did find two that are interesting. So I'm hoping by the end of this week or next week. uh I'm going know like I'm going to try see which one I like best then reach out to him to see if I could get you guys some sort of deal. That's one of the nice pluses of having like a community is when I can like, hey, there's probably a couple hundred people who would sign up.

They generally can give us better deals or better cuts on commissions or something like that where you're either getting a bonus for signing up or maybe it's cheaper to trade there or maybe a combo of the two. but I did locate to that. um, from what I could see are somewhat good. Uh, but obviously this is like kind of my first step into this Arena so I don't want to be like overly confident or verbose about any of that.

Um, but okay, so for Market open just so everyone knows, this is how the competition stands. Account 47 is YouTube YouTube is up $789 if you look at Rumble Technically they should be in the lead, but self- admittedly I made a mistake St there they are up $676 and then I am in last place up $666 So uh, YouTube's account is 47, Rumble's account is 48 and my personal account is 666. All these other accounts are just random accounts that I do trades on basically at Market open or sometime related to that. So this morning 47 48 and 49, my account, Rumble's account and YouTube's account looks like we are all going to be going the down.

Direction Uh, I'll put my account as the lead today. Uh, just to kind of cycle through all of those. So 4789. Okay, the three accounts are hooked up properly properly, right? I said 49 49 Okay, Uh, so let's see how the competition goes today: YouTu Voted bearish Rumble voted bearish I happen to also be bearish on the day.

So basically all three accounts at Market open. we're going to put on a bearish position and see if we can lock in some tendies. We'll see how that one goes. Um, so I appreciate everyone who participated.

But I do have a question for you. Start a poll: How many options contracts do you trade a day? Uh I want to know 1 to five? 5 to 10? uh 1 to 10? maybe? I'm trying to like understand where you guys would be. Oops, a little bit of a lag 11 to 20, 20 to 50 50 plus. all right I just posted a poll and out of my own curiosity.

um I I want to know how much of degenerates you guys are? So if you guys can answer that, how many option contracts do you trade a day? And if you only trade, well, hang on. I Don't trade every single day, but like one day of the week I trade more. Just divide it by five. I'm looking for an average of if you buy whatever an Apple contract and then sell it.

Okay, one trade and if you do that every day, it would be one a day. obviously five a week. So I'm asking you on average, how many options contracts do you trade per day? Um, I'm very, very curious. and with that being said, actually, uh, 929.

So I'm going to fire this off at 92945. Oh wait, we're selling today, right? 929. All right. Order submitted.

The trade is posted. Fired it 15 seconds before the market opened and seemingly already going against us. Uh hello uh hello. dingy ding ding ding.

The casino is open. Best of luck to all. Play responsibly if not have fun. Uh Team It looks like all three of us are wrong.

Uh, is that problematic for anyone? Feels kind of problematic for for for me. Um, is there going to be a dip here? Were you guys talking out about the later half of the minute? Cuz I thought it was going to be right at Market Open? Uh, Gapville? Maybe. but that generally doesn't happen in the first minute. Uh, told you always play the Gapi but once again, we're talking about the first minute, not where we go in like the first 15.

We're talking about the first right there. Technically, we were right te technically it worked 145, 145, 130 Uh, I made 145 Rumble made 145 and YouTube made 130. Uh, technically right. Uh, it was just kind of a brutal first minute to be honest.

But the first minute was red. So I mean I'm generally used to making our trade within seconds. So the fact that you guys made me wait for 60 seconds. It's all right.

I'm not angry I I'm not angry. You're you're angry. You're you're the angry one, not me. Uh, All right, let me turn on all these other accounts.

All right. So uh, we are now. Officially what was yesterday: Gen: 16th J 16 J 17 Beish. All right.

So at officially one, two, 3, 4, five, six, 6 days in a row, 6 days in a row, Team team team team 6 days in a row. Uh, everyone has been right. So as of right now, I'm in last place $10 behind Rumble and then Rumble is in second place which is about $100 behind YouTube To be fair, because that was a personal mess up. I might allow Rumble to do an extra trade I might because like I really really messed up So I guess I'll leave it up to rumble chat Rumble chat because I messed up and gave YouTube an extra trade.

Would you like an extra trade? Yes No Maybe So would Rumble chat and I won't do