Thank you Oh my God Can you help me? Thank you I will send you the kingdom. What are you doing? Emotional damage? Thank you Oh brother oh brother oh brother. Welcome, Welcome welcome Welcome back to another episode of the Matt Core show where we are in a pretty exciting time. We get another inflation report in a mere 15 minutes.

So start the timer, start the timer, Start the timer. We are getting the Producer price index. It's like the CPI report from yesterday, but instead of for consumers, this one's for producers. Yesterday it actually came in a little bit cool.

They came in a little bit dovish. we saw the market pop, but then as soon as Market opened we've vomited. There was a little bit of a midday bounce. People are starting to say well, isn't this a dovish report And then we got the Fomc meeting minutes where they use the r word they use the word recession.

They try to soften it by saying mild recession but now officially the Federal Reserve The Central Bank here in the U.S is calling out an expectation of a mild recession. The market didn't like that and we just sold, sold, sold right now in pre-market things are recovering a little bit. but let's really wait till not only we get the PPI report, but also until Market opens and we try to figure out if all the market participants are feeling a little bullish, feeling a little bit bearish, feeling a little bit apish. I Don't know we are going to be finding out.

Beyond that there are some individual things I want to dive into if that's cool with all of you. I Would love to dive into what's going on with Ethereum because we got the Shanghai event finalization whatever you particularly want to call it the Shanghai upgrade. So officially this transition from proof of work to proof of stake model, we'll be getting into that. Everyone was running around in a little tizzy, hair on fire type of a situation saying as soon as this happens, it's gonna plummet because you have all these people unstaking, blah blah blah blah blah blah.

It was wrong East is now up even more so we're going to be diving into that I Want to get into a little bit about earnings because we heard from Delta Well, we almost heard from them. we got the report, but their earnings call is going to be at 10 A.M So we're going to get a better idea of what's going on in the airline sector. The numbers weren't good, but their future guidance was pretty good. So right now Delta's up so we could dive into that and I also want to get into the not really the social aspects.

Of course we could talk about it. we could a little bit because that's basically what we do. but I Want to get more into the financial aspects of what's going on with Anheuser-Busch because of the Bud Light marketing campaign with Dylan Milvaney I Want to talk about how that has been a very costly financial decision, at least in the short term. Obviously I don't have a crystal ball.

only the astronaut behind me does, so he doesn't really let me in on the secrets. It might end up panning out well for them. Maybe the stock rebounds and it rips rippity, skippity doo-dah Totally 100 possible. But the information we have as of now is suggesting something that's the complete opposite.

It is some suggesting something that is very, very bearish. In fact, ever since the announcement to the end of market close yesterday, the company is now down 6.9 billion dollars. That's a billion with a B down five percent. And it wasn't one of those things where like oh, is the whole Market just coming down because if you look at direct competitors such as Coors Light trades another ticker symbol tap or Heineken trades under the ticker symbol which is absolutely hilarious.

It trades under the symbol Heine uh, those are actually both up. So clearly there's Bud or Anheuser-Busch is like the odd man out in this scenario. so let's dive into some of the aspects of that and then from there obviously I Just want to talk about the other things that you need to know for tomorrow. retail sales.

We're going to be getting into that. We're also going to be getting into the Big Bang JP Morgan City and Wells Fargo Bank of America I believe will be next next week but we also hear from BlackRock PNC and then we also get a big health insurance play tomorrow United Health Group So I want to give you guys a little bit of a intro into that but before it really all goes down because we have 10 minutes. Um, there is something I want to talk with you about? So as you guys know, I'm pretty much the beacon of Health You look at me and you think modern day Adonis with a little bit of Newton slash Einstein mixed in there. both a physically intimidating person but also a mental giant if you will I get it? I Know that's the Persona why so many of you guys come in here and one of the reasons that I'm able to achieve the mental and physical Heights that I do is because of ice baths you guys might be thinking about Matt You literally just got into ice bass like this past week.

like what you were talking about it for a little bit and now like you're acting like it's your whole Persona folks if you've done three ice baths, there's no difference between that and three thousand like it's coming from an expert. Trust me on this. When I say as soon as you as soon as you've seen three ice baths, you've seen them all. But in that transition to two to three, something interesting happened.

I Was chatting with some of the people in the Discord and I noticed that whenever I was taking an ice bath, I would get out and just because of the timing of the day I quickly had to hop into the shower and get ready for stream I do early in the morning and I was kind of asking them I was like is that cheating? like because you're only cold for a couple minutes and then right away You're hopping into a warm shower and I was talking to the Discord about it and then they were telling me well, yeah, like you're supposed to like, let your body shiver and build your own internal temperature back up like that's an important, uh, like physical aspect of it. Biological aspect of it is like you have to kind of tough it out like you can't just hop right into a warm shower so just do some chores in between or something like that or do something to kill time I just didn't want to like stand there shivering. So this is how it went this morning: I did an extra minute I went for four minutes it was freezing the coldest water in my bathtub I threw all of my the ice vat from my freezer into it I let it sit for like 10 minutes 15 minutes so it would get closer to the temperature of ice and then I hopped in I set my timer for 3 15 I give myself a 15 second buffer so I could get into the water and then I heard the alarm going off I was like I was like meditating I was where I was like I could do another minute so I fire up another Taylor Swift song I'm feeling honey too and I go for another minute and I crush it ice cold I did an extra minute and I got out and today I was mentally prepared I was like no way are you getting into the shower right away. You got it.

You just gotta tough it out. This is how you do it. So I get out and I've been shivering now for minutes like in the water I get outside I was like oh, like, what do I do what do I do um and so Not only was this particular ice plunge event the longest of which I shivered. it was the event in which I also decided I'm not hopping right into the shower so I was like okay I just got to do something and I come out to the kitchen I was like go make a coffee.

turns out it only takes 30 seconds to make a coffee and I need to burn more time. So there's dishes from the night before. I was like, you know what? I'm just gonna do dishes this entire time I didn't realize how recklessly loud I was being and what I mean by that was when I was screwing around the ice when I'm blaring like T Swift uh I had awoken my completely real girlfriend to the point that it was so early that she was very much unhappy with me. So the way she retells the story is that she walked out of the bedroom ready to yell at me and there I am naked, shivering, doing dishes and she looks at me.

she's like what in the world is going on and then I like I'm legitimately trying to pitch to her that this is like a healthy thing to do. So folks appreciate that. For a second, someone who's disgruntled, awoken, like not happy, not sleeping, comes out to their naked boyfriend shivering doing dishes and he's telling her that this is healthy. This is exactly what like the healthiest people in the world are doing like we all just get up and we're shivering doing dishes.

So that's how my morning started. and I just want to share that with you that I know you guys come here because you think I'm a person who has it like all together just like figured out. like just strike after strike after strike. like basically bowling a 300 and you're right.

uh I don't want there to be any question about it. You come here with that expectation and what you see is what you get. This is not a facade I I Live that grind set my life. just pure pure grinds at life so just want to share that with all of you so you feel a little bit more comfortable with just all the wisdom and philosophy.

I Drop on you on a daily basis so you're in the right place. You are definitely in the right place. Your sponsors I went long and Ice Fast and short on dishes on. uh, we're gonna have a good one All right folks.

PPI Report comes out in five minutes. Uh. producer price in index inflation. It's another inflation report but instead of consumer instead of the CPI it's PPI So let's see how the market reacts to that.

that's dropping at 8 30. Uh, are there some Fed members speaking today? I Know there was a slew of them on Tuesday We have to double check the other things. uh and it's going to be another fun day. It's going to be another fun day.

High volatility now I Forgot to ask you folks all yesterday and I think it led to a little bit of cheating. So I'm going to do it today before the information comes out before the Market opens. Any of that. What's your official bet on the day If you're looking at the old S P 500 the old NASDAQ If you're looking at something like Bitcoin where are we going today? Are you feeling green? Are you thinking that the Bulls got a good night's rest, got up, hopped in the ice bath, and we're shivering, battling hypothermia, doing dishes? Or do you think it's going to be the Bears who were like ready and hit the gym and did the stair step or crushed it in the sauna Like, who do you think's gonna win today? Are you voting green? Or you vote in red and I'm going to memorize all of this.

I'm seeing all the comments come in right now and if one of you switches it, if we're there at the end of the day and you'll like no I Called this out and if it's not what you're putting in, chat right now. You're a liar liar. Pants on fire and that's just super down cool. It's just super super not cool green sideways.

There's more green votes coming in. Interesting dude. Coffee Futures Ripping It's been ripping coffee and eggs is where it's been at. Apparently the the year 2023, the year of investing in breakfast.

Uh, Matt An activist investor requested the Giddy Images Board increased Stakeholders out and shares should be 100 higher. What do you make of that? I don't even know what that question means. An activist investor requested that Getty Images board increased the stakeholder value and that shares should be 100 higher. What do you make of that? Well, that's not how stock prices work.

You don't request an increase from the board on the stock price. Stocks trade in the open market. The board doesn't set the stock price I don't I think there's a I think you might be limited by the amount of characters you can send in because this doesn't. This only seems like parts of a story.

Parts of the story. All right. let's switch this up Really, really quick. What is that? Order filled? Order filled.

All right. let's get over to you folks. let's check in on the market. Market's waking up a little bit.

Uh, at first yesterday I was really upset with my spy and my Tesla puts and then by the end of the day I was feeling pretty good. My Tesla position was actually in the green by the end of the day which was nice. My spy position instead of being down 30 I think it was down like five so it recovered quite a bit. uh, but still slightly in the red.

so let's see how it all plays out. I could see this honestly breaking either way. Of course, I'm going to be a little bit biased because I have spy puts I have Tesla puts. So yeah, I'm gonna be a little bit biased so I just want to let you know where I'm at on my own position as of now.

S P 500 futures are little change as investors mold over recession risk. This is all tied back to the Fomc meeting. Minutes from yesterday came out at: 2PM I streamed it. it's on the channel for both Rumble and YouTube.

Check it out if you want, but if you're reading through, the major thing is is that all Fed members were kind of chit chatting with each other and they're like, yeah, with the banking craziness, we think there's a high likelihood of a mild recession. They use the r word. the market didn't like it and things started to sell. As of now, we're pretty much unchanged.

As you can see, we're pretty much at zero percent oil. A little bit of an update for OPEC but they did their monthly report and they think, uh, somewhere between two and three million barrels, they think there's going to be an increase in demand in oil. Uh, so with demand going up Supply going down I'm still bullish on my oil play Now to really set the scene for today. Uh, first of all, everyone check out the newsletter.

It's free Macross.locals.com It's in the description of the video. Use the code goonie when you're signing up to get the premium membership for free. I Gave you a breakdown of the day but I Want to talk about what's going on today as you can see everything's coming out at 8 30 Producer Price index core PPI PPI year over year yada yada yada. We also get some jobless claims because that comes out every.

Thursday Here's some earnings: Delta and Progressive tomorrow we get a bunch of Banks and we also get one health insurance play. But really what I want to let you know is the seasonality of today. So the Bulls do win just over 50 percent of the time, 56 percent of the time. But when they end up losing, the losses are considerably greater than the wins.

And that's why today's seasonal bias is bearish. clearly trending down over the past 25 years. Sell off hard, Go flat, Sell off hard. Uh, I Wouldn't say it's extremely bearish, but it is clearly leaning bearish.

That is the seasonal bias of today. just so everyone knows. And once again, this is for the S P 500. we're going to talk a little bit about what happened yesterday, but I don't want to miss this.

CNBC craziness with the PPI report and the notion that the FED is going to stick to its community no matter what. And in addition to that, I'd like to point out something real quickly if you look at the spread between U.S taxes close basically around the world. it's 102 to be exact. That's the closest in nine years.

Pay attention to that, it's important and here we go: I Love Rick Centelli Rick Rick Rick Rick Released on the producer price index. hitting the wires: 239 000 on initial claims a little bit higher Rick Rick 239 000 Well, it's just the highest since we had 246 000 a week of the 24th of March. Let's see how this goes. Team: destroy the like button.

These numbers destroy the sub buttons. one million 810 000 and that is lower than the one million eight hundred and twenty three thousand in the rear view mirror. And after those Benchmark revisions where we couldn't get above 1.7 last week's 1.823 million happened to them in the highest since D's of 21.. now inflation numbers down half of one percent on Headline PPI down half of one percent on Headline PPI that is a cycle low that usurps minus interesting minus 110.

yields diving, food and energy minus one tenth. Well, the current, uh, last month at zero was the cycle low so you could see we've taken that out as well. up one tenth if you look at X Food, Energy and Trade well below the three tenths we are expecting. Let's get into the one year over year numbers PPI Final Demand or the headline number year over year breaches three percent at 2.7 2.7 The high water mark there was 11.7 in March of 22.

3.4 to take out food and energy. year inflation's coming down. Team 0.7 was the high water mark there 3.6 if you look at X Food, Energy and Trade all of these are significantly lower than the rear view mirror, especially after the revisions which pushed those year-over-year numbers higher yields dropping Dow Futures rallying Joe It's all yours. I've seen this movie before.

It's exactly what happened yesterday. It didn't last, so you think it's going to last the day we got? That's just. back to back. This is uh oh yeah, yeah, more than a quinky dink isn't it? I Think it's gonna last? Oh I think so.

Listen: I Completely understand that this isn't the two percent and maybe after all the dust settles, we'll be in the two and a half to three percent. maybe at the end of this year, beginning of next year. But the point is, that is dramatically moving lower and the markets have looked in the rear view mirror and decided that all interest rates have already peaked. I've been on record on that for months and months? Yeah.

Joe I Think it's going to be different than yesterday. There's no Fed minutes talking about a recession and I guess I don't know. I guess when Fed says that, it means so much more. Yeah, and I've been saying it for a while like I was just mocking the entire market for being wrong for his interview.

Where are we at 70 for a 25 basis point increase Is that moving? Where are we on that at this point? Is that moving at all? Uh, sorry. Andrew Just wondered where that was. Annual shareholder letter now as CEO and um, we had an opportunity to spend some. Who's this last year? Who's this coming? What a year.

It's been a challenging year. You talk about your optimism, what's happened over the last year. There's uh, some new news in this, uh about some of the corporate, uh, layoffs and and where you see this company at the same time in terms of thinking about investments in the future and what that balance looks like, Yeah, well, it's uh I think when when you I'm very optimistic about what lies ahead for Amazon and I think there are a lot of reasons for it I'd Start with just a couple data points if you if you look at our our two largest businesses. if you look in our stores business which is our retail business we still only have.

even though it's a about a 434 billion dollar business, we still only have about one percent of the worldwide Market segment share in retail and 80 of it still lives in physical stores. And if you look in our AWS business which is about an 85 billion dollar Revenue run right business, about 90 percent of that Global I.T spend is still on premises, not in the cloud. so if you believe that those equations are going to flip over time which we do and we're seeing, we have a lot more in front of us and so I look at where we are today and then I think about working through one of the harder macroeconomic years in recent memory and the fact that we were able to grow our Top Line on top of an incredible surge during the pandemic, and the fact that we were able to innovate across all our businesses which will impact both the short and long term and the fact that we have change the way that we're going to invent and collaborate together by getting into the office more, and the fact that we were able to meaningfully streamline our costs while at the same time preserving the Strategic long-term Investments That We Believe can meaningfully change customer experiences in Amazon for the long term I Think we got. We've a lot to look forward to.

At the same time, You do talk about macro economic headwinds, especially in the context of AWS How do you see that playing itself out? We keep talking about the R word recession. Do you see that upon us here? Well, you know, we see a couple different things right now. You know, on the consumer side, consumers are spending, but they're just much more careful about what they're spending on and we see a lot of trading down in price. We see a lot of trading down we do.

You know if you have a variation of a product and you might have seen more people shopping at the higher end, you see people trying to save money wherever they can and people are very deal conscious. It's why we spent so much time with our selling Partners trying to find great deals and and Bargains for people. And so you see that on the consumer side on the Enterprise side. Most companies are trying to find ways in an uncertain economy to save money.

however they can and uh and that impacts in our Enterprise business. It impacts things like advertising as you see around you know the industry but also in people's technology infrastructure spend and so you know. in the case of AWS we're spending a lot of our time trying to help customers save money. At this point, one of the great things about the cloud in AWS is that when you when you have much more demand, you can seamlessly scale up and if you don't have that demand you can give back to us and stop paying for it.

That elasticity is very unique in the cloud. You don't get that on premises and so thumbs up. Thumbs down. Do you guys want to listen to this guy Or should we just move on to the next business that will last all you interested in listening? Whatever the hell his name is, we're spending most of our time trying to help our customers save money and features rise.

On another report points to cooling inflation so uh, I did have the numbers. But what you need to know about Ppi is once again it came in lower than expected. It came in cooler. That's referred to as being dovish.

It means that yes, the magnitude of inflation is still bad, but we're still trending downward. As in, it seems like we might be fixing the problem now. Obviously there was a quick pop on that news. We sold off a little bit and now we are like halfway through the pop.

This kind of just has the vibe of yesterday. It really really does where this is exactly how we reacted. So I'm this I would argue and I even detailed this in the newsletter last night. I Would strongly argue this is a bullish report, but sometimes the market has a mind of its own and yesterday I would argue that that was bullish and we sold off.

It did recover and then with the Fomc meeting minutes being reported with the r word the recession word being used in there, we continue to sell and sell and sell into clothes. So I'm hesitant to let you know I mean obviously I showed you on locals that the seasonality of today is bearish. It does favor the Bears so that's something to keep in mind. But as of now, I'm waiting for Market open.

I'm waiting for those first 15, 20, 30 minutes to play out just to see how it all ends up going. So initial pop? uh. but we are basically about like, literally, we are a point away from giving it all back from that initial one. so the Market's still I Guess focusing on something else that maybe not the most logical.

Speaking of yesterday, this is the main review. You need to know. Fedexpects banking crisis to cause a recession this year. That's why if I bring up the 15 minute.

That's why we got this. So yesterday we popped on the report we sold off at Open. We recovered midday and then pretty much right when we got the report at 2PM we sold all the way into clothes we just kept selling and selling and selling. This selling here in the S P 500 was because of the Fomc meeting minutes when they said are basically our base case is a mild recession because of the banking sector crisis is you got to listen to the FED There is a reason why we have the saying don't fight the FED If The Fed is feeling that way.

It's actually really crazy if they feel that way. But also within that meeting they unanimously decided to do a one-quarter percent a 25 Bips rate hike. Imagine that that's the current world we're in, where the like. Our base case is now a mild recession and we're still gonna hike interest rates.

That's insane and yet it's not fake. That's literally where we are at right now. Did they? Did anyone say anything interesting on this one? Let's see what Federal Reserves Meeting uh in March show that the staff says the effects of the banking turmoil would likely lead to a mild recession. There we go later this year in 2024 and 2025..

the staff had previously seen the recession as a possible alternative to its Baseline forecast. Now it seems to have elevated that to the Baseline forecast. Staff had previously uh Steph expects inflation to step down markedly this year and slow sharply next year. We usually don't begin with Stat, but this is a pretty big change right now.

In the Uh forecast. For the staff, it says the forecast is tied to the banking conditions which are uncertain. It Also says the Um Fed officials themselves in the meeting saw banking turmoil likely leading to tighter credit conditions and it saw back into more likely Weighing on growth, jobs, and inflation. The outcome of these banking failures and stresses to the banking system we're seeing as uncertain.

During the meeting, the betting problems we're seeing is limited by most participants. however. uh, they did factor into policy and they would Factor the policy They said if they affect jobs, inflation, and growth, some officials would have hiked 50 basis points if not for the bank stresses and in the absence of the bank stresses, Fed officials would have raised Um with the outlook for the funds rate as well. Uh, and it caused them to lower their outlook for the future funds rate as an economic risk related to not raising it as much but yet the odds are so 25 deaths, right? One more thing, your participants also saw the late Market is very tight.

Wages were slowing only gradually and inflation was seen as unacceptably high. Well, that's a decent summary, but what you need to know is the Fed called out a mild recession. All right. Moving it to today, we know we are officially at the start of the earnings season.

It really gets rocking today. Obviously there was some earlier on in the week, but I would argue. Today is the official start of earnings season led by Delta Airlines Tomorrow lots of banks you have City JP Morgan Wells Fargo PNC BlackRock and then United Health Group So lots of banks tomorrow paying attention to those. But first, let's pay attention to Delta it reported this morning, but the earnings calls at 10 A.M So Delta might be doing some funky stuff.

The numbers weren't good, but the future guidance was pretty good. I Like paying attention to the first major airline because the airline sector is so incestually related that it's very, very rare for like one airline to be doing particularly well when the others aren't. or they want to be doing particularly poorly when the others aren't they're just so, so similar. So Delta I like to see how Delta reacts and there's and then I kind of map that forward I extrapolate that out to how's United going to play out how's American house Southwest how's JetBlue those are the ones that I kind of map the results of Delta forward to so I have a better concept moving forward into next week and the week after Delta Airlines post quarterly loss but forecast profit as Peak Travel season approaches.

So just to give you a little bit more context, here's what's currently going on with Delta Yesterday it sold off pretty hard because American AAL came out and the estimate was five cents adjusted or earnings per share of Justin And they came out and even though they didn't do the report, they're like, oh well, our Target is one cent so they were off there and the market didn't like it. It sold off to the tune of eight. Nine percent had a little bit of a recovery, but it drugged the rest of the airline sector down with it, including Delta including Southwest. But now this morning, we get the report from Delta that even though its previous quarter wasn't so hot, looking forward, they're pretty optimistic and remember that's what the market cares about.

The market is a forward-looking mechanism, so if you say we sucked in the last quarter, but we think we're going to crush it in the next one, the market is going to put a big big premium on the ladder opposed to the former. Delta posed a posted a quarterly loss driven in part by a new pilot contract. The airline forecast Revenue growth and profits for the second Corner that were ahead of analyst estimates and that's why it's for the second quarter that they think they're going to be ahead and animals were like, oh, okay, that's pretty sick Airline Executives Have been upbeat about travel demand despite concerns about weakness in other sectors. U.S Carriers generally make the bulk of their revenue during the busy spring and summer travel season, and Delta's Outlook points to more strength in travel demand and its strong pricing power.

Delta Said its corporate bookings have been recovering with domestic sales in March 85 back to pre-runner levels. The airline said sales from the premium cabins like first class were outpacing revenue from Standard Coach. So looking forward things are seem pretty optimistic and that's exactly why Delta d a l is the ticker symbol is currently in the green, but if you look at the earnings per share, they were expecting 30, came in at 25. If you look at the revenue, they were expecting just under 12 billion and it came in at 11.84 so both top and bottom lines ended up missing.

But it's the future looking guidance that the Market's like we really like what's going on here Delta Posted a net loss of 363 million or 57 cents per share, citing in part a new four-year pilot contract that includes 34 raises. Pilots Are getting some good money That's still an improvement from a year ago period when travel demand was still recovering and the company reported a net loss of 940 ml or 1.48 per share. So once again, not great in terms of magnitude, but trending in the right direction. So I Just want to let you know what's going on there, especially because we are officially underway with earning Seasons Now obviously the Bell will go Dignity Ding ding ding in about 45 minutes.

And here's the major things that apparently mainstream Financial media thinks you need to know about: Recession risk: The Fomc meeting minutes. Even though the CPI report and the PPR report have come in a little bit cooler a little bit dovish, it seems like the Market's still very very very much cares about the fact that the central bank was talking about a mild recession, so we popped. We came down a little bit. We did put in a higher low.

we're trying to recover so I'm watching but not doing anything personally until I see how the real Market really reacts at open I want those first 10 20 30 minutes to pass. so I can understand where all the big money is or isn't going. prepare for takeoff. This is with reference to Delta Amazon's reset right now we know Andy Jassy is talking with Sorkin We could come back to that buff it on banks basically calling out from his multi-hour stream there in Tokyo with uh Becky from CNBC that he thinks more banks are going to be in trouble, but he thinks depositors are A-Okay meet Max Warner Bros Discovery unveiled its new flagship streaming service on Wednesday.

The platform which will combine all the programming of HBO Max and Discovery Plus will be called Max and will launch on May 23rd. So I guess we have some changes in the world of streaming. What is this? Game of Thrones people and a ooh, it'll cost the same as HBO's current streaming plans and it will bring with it a slate of flashy new series including a new Game of Thrones prequel and a Harry Potter spin-off which one do you think is going to be bigger? I I mean that very legitimately. which one do you think will be more popular? Which one do you think will get more views? A Game of Thrones prequel which or Harry Potter spin I think the Harry Potter one might win just because with Game of Thrones they already had the whatever.

The second one I houseed whatever the hell the name of it was and that one wasn't anywhere as close as popular. It was a little bit too incest. I think for most people. um, but Harry Potter I could see that really really crushing.

Um so I I'm that would be my vote. Obviously if at the end of the day it's going to end up to being which one's better, which one's better written, which one's better filmed, which one's better produced, which one's better acted, it's going to come down to like whatever the better show is because they already have built-in audiences. but if I had a BET right now just I don't know from a 10 000 foot view I Have a feeling that the Harry Potter one would do better, but hey, I mean those are both big names and I think they'll get either new subscribers or get the current subscriber base a high majority of it to stay. So uh, once again, that is May 23rd.

What are we in mid April right now? So about I don't know. Five weeks, Six weeks. So I don't know, we'll we'll come back to that and see how popular it is or isn't okay. A couple other things I want to get into today and as you can see Bloomberg plans to integrate chat GPT Style AI into its terminal which is a perfect perfect way for me to remind you of Street Beat pinned to the top of Chat in the description of the video.

Sign Up for Street Beat. It is free to sign up When you sign up the very first page, use the code Matt M-a-t-t There's going to be like a little referral thing on basically the first or second page. type that in because this is. think of it as a normal brokerage.

Uh, you could buy and sell stock. but on top of it, they have already their own pre-built training strategies and you can make your own. So if you've been in here when I've been talking to my phone creating strategies, we can make some today. This is exactly how I'm doing it.

Exactly how I'm doing it. In fact one of them is already up a little bit which I thought was awesome. That one where I was like hey, look I need the best strategy ever So like my ex-girlfriend takes me back like something like that. the I think it's called value Hunter.

that one's already crushing it so you can make your own trading strategies with AI through chat apt. I Think at this point they're leveraging 3.5 and if I had to bet money in the future, obviously they're just going to integrate Chatgpt4 and these things that typically took hours and hours and hours to pull off for a financial advisor. You can now just do it in a couple minutes as it just loads in the data. So obviously they're using their own proprietary thing going on and also in conjunction with chat.

CPT I think it's so incredibly cool. Um, they don't have a web app yet. obviously that is in the roadmap. They will be coming out with that.

but in the meantime, download it to your iPhone download it to your Android download it to whatever phone you have. Get it off the App Store put in the code map when you're signing up and obviously we in a couple weeks here will be rocking with like a Trader challenge of whoever can come up with the best portfolio will give you Moon gig merge. We'll give you whatever money. um so that's going to be free to compete in.

Obviously the main thing is you just have to be on street beat. So Download it. Download it. Download it.

When's the PPI data? it. already happened. You're already late to the party. It came out 21 min to go.

The main thing you need to know: the Tldr version is similar to yesterday. it came in cool, It came in Davis It came in below expectation which is obviously bullish in the market and that's exactly why we saw a pop. Then we saw a sell-off and now we're kind of right back to the peak that we were at. So as of now, knock on wood I Don't want to come off as too bullish, but as of now, the market is liking it I Am hesitant to say that though because if we look at how it played out yesterday, yesterday yesterday, what is that today? Oh yeah, I'm on the one minute.

sorry, sorry, sorry, sorry. uh. this is what happened yesterday. The first 15 minutes it popped, then it bled and then right at open.

the selling really picked up. Uh, there was about there was a midday pop and then at two the Fomc minutes came out and that crushed it even more. so. Um, I don't want to be a Negative Nancy if you are yoloing in a calls I Don't want to be like the bearer of bad news.

I'm just saying maybe we should have a little bit of hesitation because this, we've been here. We saw this exactly yesterday now because we saw it yesterday. Does that mean it has to play out today? Absolutely not. I'm not campaigning for that.

I'm not arguing that that's not my point I'm just saying we're not necessarily Out of the Woods I mean if we take a look at the bigger picture, Yes, inflation's coming down, but we're still in this force of inflation. We're still lost. Like we're still in the Castaway situation where the dollar showing weakness. We have oil now showing strength with those two things.

Simply just simply those two things. How is that a good situation? We're seeing credit defaults like credit card defaults. like almost hitting like a high. We're seeing.

uh, the ability to get loans, uh, getting like at a one-year Ride Like the difficulty of it. So there's some other underlying measures that are saying we're not really done with the current problem like I Don't want anyone in here to be thinking great, we solved inflation. Time for things to rip again, because that's just very far away from the truth. Are things as bad in terms of inflation as it was in like, mid 2022? No, no, no, no, no, we're improving.

But now there's some cracks. Elsewhere For example, the giant crack that we saw in the banking sector. Things that we see in the world of credit right now: What we're seeing in the dollar, What we're seeing in oil, What we're seeing in geopolitical tension. There's always like someone throwing a turd into the punch bowl, somewhere you just have to pay attention to who's throwing it and how important this particular turret is.

But right now, the party's not fully on ethit 2K For the first time since August we are talking about East Um, let me get through the AI Bloomberg Street beat all that stuff and once again, shout out to Street Pete they are sponsoring today's stream I am a partner with them I think it's awesome I Love building strategies out on it. We'll build it I'll show you guys some of it today. Just get on the app, download it, click on the link pin to the top of chat, or just download it to your phone. The key thing is putting in the code map because when you do that, depending on your initial deposit, you'll get anywhere from five to five thousand.

Obviously the more you deposit, the more money they're gonna give to you. Speaking of AI and trading and all that good jazz Bloomberg Plans to integrate chat topt style AI into its terminals. Bloomberg has developed an AI model using the same underlying technology as Open Ai's chat DBT and plans to integrate it into new features delivered through its terminal software. The Financial Information Giant says: Bloomberg GPT is an internal AI model and can be more accurate Can more accurately answer questions such as: who is the CEO of Citigroup why am I losing my money? Why do I cry in the shower and assess whether headlines or bearish or bullish for investors and even headlines based on short blurbs.

The move shows how software developers in many Industries Beyond Silicon Valley see state-of-the-art AI like chat GPT has a technical advancement allowing them to automate tasks that use that used to require a human. So my question for all of you is I'm of the opinion that AI will revolutionize many different Industries and I think one that is due for serious disruption is finance, investing, and specifically trading. but I wanted to get all your thoughts on it like do you think I'm just having visions of grandeur because to me of course I'm biased. my background's in coding I Love the concept of trading robots, trading systems of being more of a systems manager rather than a Trader like I want to manage systems that do the training for me.

To me, that is optimal because I take my own emotion out of it and if I'm sick or if I'm sleeping or whatever I still have my systems trading for me. Uh, you know the full game. You get all the information, you know your max drawdown, You know your profit. Factor You know your win accuracy.

You can understand what is from a statistical standpoint, likely what is not likely. and in my mind that just all adds up so much better than like oh, I'm just buying this because I have a gut feeling I'm selling this because I have a gut feeling I get that that stuff a little bit more related to the world of gambling. It's fun and I think there's a time and place for it. But if we're here talking about making money over the long term, serious money over the long term, and just seeing how technology is advancing, I'm particularly excited for AI I think AI in the world of systematic training will not only make us more profitable, but I actually think it'll make our lives easier because we're just taking so much stress out of it.

I Think the world of retail trading and individual trading will pivot from being like degenerate traders to actually system managers and it'll be who can create and run and manage the best systems. We'll end up making the most money. It might take time, but we'll see. We'll see, we'll see.

Uh, so I guess I Want to get your thoughts on it? No, you are wrong. The most important thing is to make Arnold star in Every role. I Don't know if that's necessarily the the reference to what I said, but if you want Arnold Schwarzenegger in every role like I'll support that. When's the short squeeze for AMC Bro Literally, no one knows all these asshats who have been promising it to you like it's only a diary away.

It's gonna be tomorrow. They don't know what they're talking about if you look at it. I Very very intentionally never gave time frames I never gave price targets Ever. You cannot find a single shred of evidence of it because even from day one I thought it was so idiotic there.

like me being so math and data driven I was like there's no way you can model this situation. So any person out there who's trying to call out price targets and trying to call out dates uh, they just basically have really good drugs and they're absolutely full of it AI is as creativity booster tool is amazing. Factual side still needs a lot more work. Yeah I mean that was Warren Buffett's uh, seemingly his biggest gripe with it is it wasn't at the world of Comedy But think of just about where we are now and this is kind of the first big public on set of AI I'm just thinking about where are we in one year, where are we? in five years, where are we intended? It's only going to get better as more people are using it as it's getting trained on more data as people are becoming better.

prompt. Engineers Uh, just I Wouldn't think of AI permanently as where we are now. look at the trajectory of it or think of the trajectory of like we're already at this point and we're like What six months into it being very very popular. Extrapolate out: think one year, five years, ten years like this is where we are just now I Think it's gonna be crazy impressive.

Crazy, crazy, crazy, crazy impressive. Uh, best. AI Penny Stocks for today. Why are you trading Penny stocks Penny stocks? There's a reason they're penny stocks.

It's because they're companies. Uh, can you make a ton of money off of penny stocks Without a doubt? I Personally know people who exclusively trade penny stocks, but understand if you look at the odds of successful trading in general. most people fail. If you look at the world of penny stock trading, even more people fail.

So I very much look at all this as stack the odds in your favor. Do everything you can to stack the odds in your favor if you're playing penny stocks. I'm going to tell you the odds dramatically increase if you end up shorting penny stocks. they are penny stocks for a reason.

I I Like I Don't know how to drive that concept home more. Very good companies. Don't trade sub a dollar because they're worth more because they're good companies. As soon as you start talking about penny stocks, your mindset, you need to rewire it to I Want a short? Major spikes of the shittiest of companies I Could possibly find most money in the world of penny stock trading is made by writing those things back down because so many of them are pump and dumps.

These are General statements. Obviously, you can find individual countering samples, but I'm saying if we're looking at the world of just like the larger statistical picture of it, you're gonna end up wanting to short the major Pops in Penny Stockland That's how you make money in Penny Stock Like just to be like I'm just gonna buy this and this company's gonna be the next Google Yeah, you might find it, but understand those are so so incredibly rare that the chance of you finding that before blowing up it's basically a snowball's chance in hell. Definitely a snowball's chance. And how uh, let's see how the Market's doing.

Uh, it popped came down a little bit pop. Now we're just going flat. How's everything else doing? Delta Pop came down holding I Do want to talk about Bud Anheuser-Busch and they're resetting marketing debacle if we could call it that. uh, the whole Dylan Mullaney thing and I don't really want to make it like a social argument I just want to talk about the types of things that happen when you completely misunderstand your marketing base.

If anything, what I see going on with Anheuser-Busch I Think there's a legitimate Financial argument that they've now made almost a seven billion dollar marketing mistake. Um I don't really like give a about talking about like if you're partnering with trans or not like I don't care about that like whatever people are people. If it's not negatively impacting my life or stomping on anyone else's freedoms like whatever like I have enough other stuff to do then to complain about that. So I want to look at it through the financial lens of a huge huge marketing mess up like a massive massive marketing watch massive dude I just rewatched your beginning monologue on Ice bass and I'm crying Well I was shivering.

why are so many people texting me Did I say things that I shouldn't have? uh uh okay uh AMC credit cards. So I just saw this credit card thing. how's AMC doing I want to point out something about credit cards and how follow me on this? Okay, if you are like in AMC shill, if you are an Adam Aaron sycophant, you're not gonna like what I have to say. So they made the decision to do AMC branding credit cards where the interest payments are 27 and they are launching these credit cards in a high inflationary monetary environment.

And also when we're seeing credit card defaults spiking isn't that the definition of diabolical once again? Adam Aaron AMC Launching an AMC Brandon credit card. the interest payment is 27. He's doing this in a high inflationary environment when credit card defaults are spiking. That's diabolical.

He is literally getting the retail base to get his credit cards where people like, how bad is that? 27 High interest rate environment and credit card defaults are spiking the that's so messed up and everyone's like oh no this is cool uh no I'd love to get it like once again this is another example of himymc where he is just taking money from retail, taking money from retail. The credit card's an example of that. hymc. Honestly, at least with popcorn, you get popcorn like I Honestly, I'm like, well, at least when you buy it, you kind of know what you're getting.

But if we're talking about pure theft from retail, this credit card thing is going to be one of them. Hymc is one of them and I could argue that Ape is another one. So you have three right there. Ape Hymc and this credit card deal is a pure clear Financial Examples of Adam Aaron and the leadership team at: AMC taking money out of your pocket and you getting nothing for it right there they took money out of your pocket.

You're not getting anything back. At least with popcorn, you get popcorn, so that's at least you get to hopefully enjoy some good popcorn. I do like popcorn, so I can't really hit on that one too much. But in terms of just like borderline theft and I'm no lawyer lawyer I Don't speak legalese.

but Ape Hymc credit cards taking money from the pockets of retail. which is because the only reason the only reason on God's green earth this stock is even on the market and not at zero and not sold off for parts with an entirely disgrace board is because of retail. Does no one conceptually see how up That is the only reason this company is worth anything and isn't at zero and didn't blow up and get didn't get siled off sold on to Parts with like the management getting no golden parachute package or anything is because of retail. So that entire group who saved it which had nothing to do with Adam Aaron at all.

he's just lucky to be in the right place at the right time. He did no master psychological thing to get the Reddit Community interested in him. He saw the wave coming and he wrote it, which obviously that does take some skill, but just because you're smart doesn't necessarily mean you're moral. So the entire group that saved it is the entire group that he plans on continuing to steal from.

massive credit card payments in a horrible environment. He dumped himc on everyone, He dumped ape on everyone which is now brought down the entire AMC brand. The dude's diabolical. Absolutely.

I Mean he's in terms of playing the game well. he's done well because he's personally benefited many, many millions of dollars, a shrewd businessman, but highly, highly immoral, and I legitimately don't think there's a car counter argument to it. What's wrong with it? Uh, financially. He played it well, but morally that how much money does he want to take from the people who saved his company? How many more dollars does he need from the entire retail? Community Still like, at a certain point, stop reaching into retails pockets.

It's honestly that simple. uh what? Great American Brand was RC talking about? Do you think I saw that with Ryan Cohen I don't know I like I I guess I can't even give a guess because like I don't I don't even know the sector it's in. but I I saw his tweet so that he was talking with them and he wasn't like the most happy different than any other. CEO name another CEO who's done that right right there? Name another CEO Who has done that? What like that? I guess that would be in this litany.

Name another CEO who is saved by a retail movement and then they they sold their own stock to line their pockets and then they made decisions to continue to line their pockets more and more and more and show absolutely zero respect for the people who saved his company and literally saved his job. We literally saved this dude's job and he just comes up with more and more ways to take money from you and you get nothing in return. It's one thing if you get something in return such as the popcorn example. but would you get in return for eight? would you get in return for hymc? What are you going to get in return for these credit cards? Like it blows my mind.

absolutely blows my mind. All right We talked about this. Uh, what do you guys want to talk about First, you want to talk about ether and the Shanghai upgrade and everything you need to know about that some exciting stuff. Or do you want to talk about Anheuser-Busch and one of the worst marketing decisions? Uh, pretty much known in recent history.

so forget about the stupid Nft thing. Yeah, I mean, but that didn't cost anyone anything. so I can't really hate on that. The Nfts are valueless, but they also didn't cost anything like I have my Nfts and they're just sitting there so it's not like I put money into him or anything like I just had to click a couple buttons King Kyle at Matt cores.

What about it? The Spider-Man nfts were a decent idea, but how were they doing now? Are they worth anything now? or did the people who buy them are they still screwed? but I thought they were given away for free I Don't think anyone was actually buying them initially. they might have been traded on a secondary Market but I think initially they were still just like giving out. Twitter is now with Etoro to trade stocks on Twitter I Saw that I saw that announcement I saw this and I don't understand it. Twitter will soon allow stock in cryptocurrency trading via Etoro.

What? Like you just sit on Twitter and trade like I Don't understand because if it's powered by Etor, like when people just be on Etor, wouldn't people just be on whatever broker they're trading on like I Don't I don't think this will work out as well as they think it's gonna work out If that makes sense like I'll just go I'll open up another web page I'll open up my another application like I can read: Twitter I mean I have three brokerages open on my computer right now I don't need to execute my trades through Twitter unless I'm missing something like I I just don't I don't understand the partnership. Is there any info here? this is I don't know. can anyone like explain it to me? Marketing: Ploy for Ito So far, nothing yeah I just don't I'm not following. Whoa.

All right, I was just blaring some music. My apologies for ruining your eardrums. Um, okay, let's talk about Budweiser. For those of you who have been living under a rock, there's been some crazy things going on in the World of Beer one of the world's oldest drinks.

This one particularly relates to Anheuser-Busch which owns many, many, many different beer brands including Bud Light And at first it was thought to be a joke. but they announced the partnership with Dylan Mulvaney and it was on April 1st. Everyone thought it was like in April Fool's Day type of a thing. and then the world realized that it was actually real.

And obviously whenever you're talking about the likes of Dylan Mavaney, there's going to be a large group of supporters. There's also going to be a large group of haters and with it, you're gonna spin up some buzz. And maybe some people liked that they were doing this and they're like I said supporters And then obviously you're gonna have people on the other side who particularly don't like this move. But I want to point out where it really went downhill and I'm specifically using the word downhill because if we're looking at the finance of it like I said, this was announced on April 1st, which happened to be the weekend.

So based on the first Training Day from them until the most recent close bud is down five percent. Now at first you might just be thinking five percent But Please understand that that means Budweiser has a market cap of 127 billion. So if you do that math out and feel free to check it, that means they're down in this time period just under seven billion dollars. That's billion with a B.

Now if you know anything about the market, you might be saying well, hang on. Maybe just the market overall isn't doing the best. Let's take a look at the S P 500 pretty much going flat, so that's a little bit of a problem. but the better way to compare it is looking at direct competitors.

This is Molson Core's Beverage Company AKA Cores. If we look at that exact same time period the exact same time period, it's up five percent and we could check it with another competitor Heineken which trades under the ticker hiney and honestly I think we should just buy it because of how funny the name is. Uh, but that's actually a 2.6 So we're in a situation where the overall Market in the same time period has gone flat and the competitors have actually gone up and then yet you're left with Anheuser-Busch AKA Bud which owns Bud Light that is down five percent. just under seven billion dollars.

So obviously the market isn't the most happy with everything that went down here and obviously with it like this is just the most popular thing apparently on social media right now. so people have interviewed Dylan about it. The reason that I think I am so I'm an easy target is because I'm so new to this I think going after a trans woman that's been doing this for like 20 years is a lot more difficult I think maybe they think that there's some sort of chance with me, but what is their goal now? Obviously Dylan has been receiving a lot of hate on one side, a lot of Praise on the other. With that, this concept of like I'm an easy target I don't know.

It's a little bit of a victim mindset and you might agree with that. You might disagree with that like, but that's not my point here I Want to dive into where I think Anheuser-Busch really made a misstep and I actually don't think it's the Dylan Mavaney partnership I think it's the explanation of the partnership and the innuendos in a certain sense that they made of their current user base. These people, they don't understand me and anything that I do or say then somehow gets taken out of context and is used against me. And it's so sad because everything I try to put out is positive.

It's trying to connect with others that maybe don't understand me. It's to make people laugh or to make a kid feel seen. So once again I mean you could look at it and apparently you can't even find these anymore I think they pulled them Bud Light Their social media accounts have been like completely quiet nothing but crickets. They know they made an issue, but once again I think social media is blowing it up and they're like no, it's exclusively because of this partnership I Don't think that's the problem If you ask me, it is right here.

This is Bud Light's VP of marketing, the person who made the decision and I just want to let you know what she said and I think this is actually the person the person who orchestrated the deal but more importantly how she really referred to the current clientele. and I think that's where we're seeing a major issue with. Bud Light I'm a businesswoman I had a really clear job to do when I took over a Bud Light and it was This brand is in Decline It's been in Decline for a really long time and if we do not attract young drinkers to come and drink this brand, there will be no future for Bud Light So I had this super clear mandate. It's like we need to evolve and Elevate this incredibly iconic brand and my what I brought to that was a belief in okay, what is what What does evolve and elevate mean it means inclusivity It means Shifting the tone It means having a campaign that's truly inclusive and feels lighter and brighter and different and appeals to women and to men.

and representation. Is it sort of the heart of evolution. You've got to see people who reflect you in the work. and we had this hangover.

I mean Bud Light had been kind of a brand of Friday kind of out of touch humor and it was really important that we had another approach. Okay, I've spent way too much time thinking about this. so I want to share those thoughts with you. First of all I want to point out how she positioned this whole discussion.

She's smart. She Alyssa very very smart. listen to what she said. Bud Light's brand has been on a decline.

She is the VP of marketing tasks with fixing it as in if it doesn't work. Her argument is it was already on decline. sorry I couldn't fix it but if it does work, she can collect all of the accolades. That is a very very smart way to present the entire situation.

So she's a smart person I believe she's a businesswoman because that was a very intelligent way to be like I can kind of, you know, shuck off all of the failure if it happens. but if success comes, it is all mine. It is my great idea. So uh I just want to point that out I thought it was interesting I actually thought it was pretty smart.

But back to my main point here of where I really really think it went downhill was basically saying it's on decline our clientele basically she called him fratty douchebags I know that wasn't exactly what you she used but that's what she was insinuating and then from there she was saying like out of touch humor, blah blah blah at like The Innovation whatever would she say was like the heart of it was uh, inclusivity like she sounds is saying a lot of buzzwords that sound good but also it doesn't make sense like there's no objective truth to what she was saying there at all that like somehow inclusivity is like the thing that like explodes technology higher interview like Innovation like all that no like it's a very good buzzword. Maybe she's right, but I also don't think she has anything whatsoever to back that up. but then it was near the end where it really blew up was just saying that these Friday douchebags they're out of touch humor. So now she's just telling these people that like they're inherently just bad people and I I have no degree in marketing and maybe someone here does.

And maybe you could shed a little bit of light on this for me. But when you basically tell your entire consumer base that like they're douchebags and they're wrong and their humor is wrong I don't think that's a smart marketing move, call me crazy and I would argue financially. My opinion has been proven right by the fact that they've almost lost seven billion dollars at the time that I'm filming this. But I just don't think that's a good way.

And of course that's why there's such a backlash. So I think this is at the heart of it is. All of a sudden you have someone representing a company who is letting them now know how they really feel about their clientele as opposed to just the partnership. I think that's very important and yeah, some of this is anecdotal.

but I mean it's not looking good. Bubbly Plate suffers bloodbath as longtime and loyal consumers revolt against transgender campaigns. So I'm not the biggest fan of like, necessarily the campaign I Think this could be articulated better, but I think it's much more of this feeling of saying oh wow, like that's what you truly think of us. Uh, so right here.

They did do some interviews with bar owners in Bud Light's effort to be inclusive. They excluded almost everybody else, including their traditional audience. And if you look at their quote-unquote traditional audience I mean the numbers are going to eventually come out. but I would be willing to bet that the people who have been alienated from the traditional audie