Foreign, Foreign foreign foreign foreign. What is going on? Welcome back to another episode of the Matt Core show. Here we are having a fantastic Tuesday November 22nd. Which means we're about two days out, a mere 48 hours out from having an entire food Smorgasbord Like you just saw in that intro, let's let's give a little bit of Applause to chaos in here I Mean man. I'm actually hungry now I'm actually legitimately hungry right now, which is wild because I can't eat any of that folks. My entire day was this I did my morning stream I got off of the morning stream I blew my nose incessantly and then I just took fistfuls absolute metric fistfuls of DayQuil in Sudafed So that's how my day is going. at one point I got off the couch and became a human soup while eating soup in the bathtub. and now we're here. So let's see how the show goes because we actually have some really interesting things to talk about. So I want to give you a little bit of a breakdown of what's going on in the World Cup because I made some bad bets and I made some good bets. So honestly, if there's any sports Bettors in here, uh I would I would love for you to shoot me some DMS of what I should be betting on because your boys currently net negative. Uh, we're going to be getting into some political things to kick this off. We're going to be talking about what Biden just did with student loans and also a win, a loss and a win for Trump. Then we're going to be getting into the recent craziness related to FTX, particularly today because you might be able to listen to this. It sounds like every day is craziness with FTX. But yes, today's particular craziness is more so related to today's the first bankruptcy hearing court date. So we're going to be getting into all that. And then I have a new update on GameStop Equity that is near here to my heart that we haven't talked about in a hot second. Then I want to let you know what's going on with Elon, particularly Tesla and Twitter and how much money the big guy's down this year? Then a little bit of an update related to other individual companies such as Facebook AKA Meta. Also, what in the world's going on with Disney and Star Wars and Bob Iger and also the absolute rabid nature of Taylor Swift's fans. So as you can tell, even though my sinuses are currently in the middle of biological warfare, we have a lot to talk about. We have a whole heck of a lot to talk about, so if you enjoyed this type of content, it would mean the world to me if you could destroy that like button on both Rumble and YouTube helps out with the battle leaderboard and the algorithm you know, obviously, respectively. And don't forget to subscribe. Hit that subscribe button on Rumble. Hit it on Youtube Just Today we passed that additional uh, what it said. now 53 000 on Rumble another thousand sub marker on Rumble so shout out over there and on YouTube Unfortunately, ever since the whole Gme which led to the AMC debacle, we're actually trending the other way. Uh, the negative way. I think I've gone from 373 down to like 345 right now. so we're trying to push that back up to that 350 range. So hey, if you enjoy this type of stuff obviously it is 100 free. the only thing I'll ever ask out of you is some quick likes. And don't forget to sub and turn on that notification. Turn on that notification. All right team, team, team. Hang on, let's get some tea! I Read that drinking warm liquid in this particular scenario is massively beneficial. So there we are. I've consumed way too much water today, but I've read that that makes you allegedly feel a bit better. So with all that out of the way, let's get rocking the overall. Market Pretty good day. Pretty good day in the market that closes nearly 400 points higher as Wall Street bets on easing inflation, smaller rate hikes into year end. So what's this in layman's terms? Basically the Federal Reserve the people who are unelected that impact our life way more than you could ever imagine are taking, uh, maybe a little bit more of a dovish dance before they were incredibly hawkish. Really aggressive. uh, to fight inflation? they were pushing down on the economy, which thus pushes down on the stock market. Well, now there's a big old assumption that we're done with those 75-bit rate bikes. Now we're going to be looking at 50 bips and maybe even 25 as we come around to 2023. So basically the Federal Reserve our Central Bank here in the US is it appears to be taking its foot off of our stock market, so people are like sick. We're not going to have any of that downward pressure time to start buying. Do I think that that means our pain is completely gone right now? No. I Think we have a little bit more of hecticness to really deal with over the next two to three months. But I think sometime in 2023 truly will be a phenomenal buying opportunity for those of you who are a little bit more color interested. Very. Green Day I Know this entire week it's been more of that Christmas green Christmas Vibe a little green, little red. that type of a deal, but overall a pretty Green Day not only in the S P 500, but even Crypto. Finally look at a little bit decent. So hey, Applause to everyone. just so you know, here's my main watch list. I mean the Spy if we want to get to like the technical levels about to get that big breakout of the massively important uh, not only psychological, but truly a key technical level of 400 flat we call that out and locals people made the trade from 398 up to 400 bagging some money to pay off for Christmas because congratulations to all of you. But other than that, some nice gains I mean oxy here 4.6 we had rum at 4.5 Gme at 4.5 percent. It was a pretty green day and if we want to take a look at Crypto, look at this popping Bitcoin getting right out of the region of support, Ethereum getting right off the of its region of support. So the Bulls definitely won the day and we're going to be talking about like what to watch for what's good, what's bad kind of both sides of the argument in a little bit. but before we get into that I figure hey, let's have a little bit of fun and I want to share those three things that maybe you just missed on the internet today Right here. This is the medieval else Castle Located in Germany has been owned and occupied by the same family for 33 Generations over 800 years. You know that itself is impressive but what caught me is just look at this like what's so interesting about the US compared to Europe is the US is on a relative basis a much newer country. so we don't have like these old style old-school constructions and just kind of almost a way of life. But imagine that like a legit. Castle Same family for 33 Generations I Just thought it was cool and I wanted to share it with all of you. On the flip side, completely uncool. We have some asshats in this world, but uh, eventually they get dealt with. So a disrespectful: Taurus climbs an ancient mine pyramid in Mexico and gets booed. Uh, you're not supposed to climb it like it was fully blocked off but I just wanted to share this with you. They're all yelling at her, all yelling at her. just the entitlement of some of these dick bags in this world. This guy telling her to get down super entitled, just dancing like literally an ancient Monument I don't know what that means if someone could translate it I'd appreciate it. Look how pissed these people are. There was a crowd of people booing her like the entitlement is insane. Absolutely bonkers. So wild like this actually frustrates me to watch it again and again and again. At first I didn't quite get it. but now, like, what the hell is wrong with people you know? I appreciate that the entire crowd call her out. I Do I I truly truly do? uh on. A little bit more of a humorous but also a safety check I Just want to remind everyone that yeah we are getting into the holiday season which also means if you're in certain locations in this world, the roads are going to get icy, they're gonna get slick and we always see compilation videos such as this. Unfortunately, there's some Christmas music playing in the background so I'll get Dmca and I'll get taken down if I play it right now. Uh, but I guess this person lives on a road that is notoriously slick and just over and over again. Uh, watching a lot of crashes. so a little humorous to watch it. Yeah I mean I understand that they ought to look at that. look at that. the boss is just sliding. Man, they need to solve this. I grew up in an area where No Lie our driver's Ed dude that taught us in high school. he would like ice down the helicopter landing pad and make us drive over it so we could get better at driving on ice like it truly is a skill set and I know the people watching this from like California right now La you're like what in the world is going on like this isn't real. No, this is very real. especially for people in the Northeast This is what we have to contend with. Uh, driving around in the winter is absolutely no joke. So hey, do what you need to. but we're getting into that season. December is really when it starts to pick up. So please please be careful, please please be careful. all right. Now that we got that out of the way, now that you guys are like okay I missed three random strange things on the internet. Let's get into the Hot hot news. The first piece of hot news relates to the world of soccer. and that's just because the World Cup's going on right now and in the middle of the World Cup we got this bombshell that really is a market mover type of a thing. That's how big Cristiano Ronaldo's brand is Cristiano Ronaldo to leave Manchester United with immediate effect. Allegedly, this was amicable on both sides. I Don't know if I really buy that, but that's the story we're being pitched. So huge news. like this guy, his business ventures go way way far beyond what you could possibly imagine. Um, for any of the soccer fans in here I Would love to get your thoughts on where he might end up, where he might not end up I Don't know. Uh, so I just wanted to get your thoughts I'm actually personally a big fan of them I Know there's a lot of Ronaldo versus Messi type of stuff out there I Respect both of them. but something about Ronaldo I don't know I just feel like I get along with him in real life I I do for whatever reason obviously. Also, we have the World Cup going on. Saudi Arabia pulled off one of the biggest upsets in World Cup history to be Argentina Speaking of Lionel Messi Argentina was beaten by Saudi Arabia I Mean, if you looked at the odds of this, this was never supposed to happen like absolutely ridiculous. Uh, they beat them two to one. Uh. Following up on this if you were paying attention to the Morning show I Decided to throw some bets down I threw 500 down on Mexico versus Poland I Just said Mexico was going to win. Unfortunately, if you caught that game at all, you know that Mexico and Poland tied zero zero and in fact it really should have been Poland one like they should have won. They missed the PK which was insane. So I was down 500. and I'm also sitting there just like pounding DayQuil and Sudafed. So I wasn't in the right mind. but you know when you're down 500, you just have to make another bed to make up for the 500. So I decided to do a parlay. I decided to bet on the Uh France versus Australia game. I bet that France would win, but on top of that, I bet that there would be over 2.5 goals. So a little like two two-way parlay and it ended up beating. So I was able to make 375 back. So as of now, I am down 125 on My World Cup betting. So if you're listening to this and you have any like hardcore beliefs of what games I should be betting on or what prop bets or what parties DM me find me somewhere like whether it's I don't know DM me on uh Twitter find me on Instagram hit me up on MySpace send me something on Onlyfins whatever you need to do, but your boy needs to make back that 125 and ideally go positive. So if we have any soccer AKA Football Fanatics in here, let me know your picks I need to know I need to know I need to know now before we get into some of the political stuff I Want to give a very special shout out to today's stream sponsor I'm talking about Enviro Cleanse. What If you could stop the latest Ronus train and take a hard pass on catching this year's seasonal flu? You do it right I am with the Enviro cleanse the new science in home air purification. On a very real note, I All day was thinking if I got my air purifier set up a little bit earlier, would I be A-Okay right now because this thing not only I know I talk a lot about allergens I mean I want a cat I want a dog? unfortunately I'm allergic to them so this helps with that. But in the world of biology I'm told that viruses and germs are like, literally, quite a bit smaller, so you need a whole new type of filter to handle it. and that's exactly where their Ilford ill error for chip filtration excuse me comes in. 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And now that we got that out of the way, let's get to the first big story of the day: Biden Administration Will extend student loan debt repayment holiday to June The Biden Administration On Tuesday today November 22nd announced that it will extend the payment pause on federal student loans while its forgiveness plans remains blocked in Corns. Federal Student Loan bills were scheduled to resume in January So for any of you who have not been having to pay in, just so you know it was going to be January now the can is kicked down until June so that's just like when the payment should restart. But in terms of the Forgiveness as of now, the federal courts are basically saying oh, we don't know about that so uh, there's as of now, it's currently Frozen in courts for just the student debt cancellation but in terms of just the pause on payments, uh, the can kick down the road from January to June Just anyone who's listening that might be impacted I Thought that would be important information for you to all know. The second big story of the day relates to Trump and in reality this is a little bit of a good news bad news and then a little bit more of good news. So according to some fancy schmancy polls and honestly, you can trust these polls as far as you can throw them. Trump would beat DeSantis in 2024 as Biden approval rate remains underwater. New poll finds once again. I Have studied statistics I Get it, You should only trust these polls as far as you can throw them. But it is interesting because I feel like it goes day by day of the fracturing that's currently going on in the GOP of do they like Trump Do they like the Santas These are clearly the Two Front Runners for the representation of the Republicans in the presidential cycle. So I Just think it's important for us to all pay attention to it because obviously it is eventually going to have a massive impact on the market. Ex-president Donald Trump would defeat Florida Governor Ron DeSantis by a wide margin in a hypothetical 2024 Republican presidential primary Trump would receive 55 percent of Republican registered voter support while DeSantis his potential rival for the White House nomination received just 25. this is really the reason I'm bringing it up to you is because there's such a stark difference when I'm just reading kind of comments here and there whatever news source it is I thought it would be a lot closer and once again, maybe the poll is completely off. but the fact that it's like this Stark we're talking about a 30 difference I just thought it was interesting and I wanted to share it with all of you on the Democratic side. President Joe Biden's approval rating was just 39 while 53 disapprove of the job he is doing and in a potential rematch of the 2020 election in 2024, Biden would defeat Trump by margin of 45 to 41 so that four percent difference most likely within the error of like risk or margin. really like the margin of error I guess is the best way to put it on this. so four percent I would say it's pretty close to coin flip. If DeSantis were the 2024 GOP nominee, he would lose the bite him by the same margin. So even though Trump is favored apparently according to this poll, I'm not saying this over DeSantis uh in his I Guess matchup against Biden uh roughly the same 45 to 41 in favor of Biden uh Anyway, with lucif item of the same margin which found the Democratic incumbent would Garner 43 vote compared to 39 for the governor. Also, just a little tidbit to throw in here. Additionally, 52 of Voters believe Congress should keep investigating the January 6 2021 Capital Riot by a mob of Trump supporters who disrupted the certification of the Electoral College Victory by Biden with 39 saying Congress should drop the probe altogether. So some good news and bad news in here, but in reality there was actually a serious piece of negative news at least through the lens of Trump. uh Supreme Court clears way for Trump tax records to be sent to Congress by IRS The Supreme Court rejected a bid by former president Donald Trump to prevent Congress from obtaining his income tax returns from the IRS. So in terms of polling, he's pulling pretty strong in terms of the Supreme Court not doing so well. but in terms of his own business and particularly True Social, a competitor to Twitter, he was actually handed a pretty big win today. Trump Media Deal Partner says shareholders approved delay for merger with True Social parent. The company has secured the necessary 65 shareholder support to extend the Trump Media merger deadline to September 2023. Now you might be thinking why is this a big deal Because if it wasn't extended, the deal would be dead in the water and the business combination of Dwac which is the current stockholder for True Social. So remember there's three ways for a private company to hit the public market. You could do a direct listing, you could do an IPO or you could do a SPAC merger. That's what we're talking about here. Dwac is the blank check company Dwac and basically they're going to try to bring True Social to the public market. but they didn't have the votes and then they were looking for the extension and if they didn't get it like I said, the deal would be dead in the water. But yes, they got the votes today. which means the whole deal. Basically they're kicking the can down the road until September of 2023. So overall, kind of a wild day for uh, not only Trump but supporters of Trump. Some good news, some bad news, and also some additional good news. and obviously what means the most to you. Well, that's I suppose it's in the eyes of the beholder. Moving on to the next massive story of the day: I Get it. I Get it. I Get it. I Get it. The FTX story is the story that keeps on giving and every single day seems to top the previous day of insanity. And I'm here to happily report that today did not disappoint because we have some bombshell updates of the first day of bankruptcy hearing if I didn't see this, if I didn't listen to it if I wasn't studying this I truly wouldn't believe all the craziness that is going on. Let me explain exactly what I'm talking about: FTX lawyer calls this case a different sort of animal. In first bankruptcy hearing, we what we are dealing with is a different sort of animal. Unfortunately, the FDX debtors were not particularly well run and that is an understatement Regarding Ftx's founder, this was an organization that was effectively run by a person personal fiefdom of Sam Bankman Freed now just to offer I I Guess a little bit of more framework of what's going on in this particular bankruptcy court case I Thought this was a very good post by CNBC Meantime FDA Executives Heading to a Delaware courtroom later this morning for their first appearance before a bankruptcy judge. A lot of creditors and customers there hoping that the hearing will try to shed some light on just how this bankruptcy is planning to an exchange trying to deal with uh, the debts and customer funds and whether that money has gone to money. Heaven Eamon Javers joins us now for Heyman That's really the question we're here in Wilmington Delaware This morning where we are expecting that the court will begin a bankruptcy proceeding here that will begin to shed some light on those big questions around this enormous mystery of FTX what happened here So far. We don't know so much about this case, we don't know really how many creditors there are here. We don't know ultimately how much money FTX is going to. Oh, we hope to find some of those answers later today. Here's what we do know though: this bankruptcy hearing is the first in this process. It begins this morning at 11 A.M It's going to be held before Judge John T Dorsey Now, Judge Dorsey has interestingly already provide presided over a crypto bankruptcy case, so he has some experience in this area, which is rare. We haven't seen that many of these. and so the big question is, what could we learn here? Some more detail into Ftx's finances: How much FTX owes all of those creditors? Maybe even how many creditors there are here, and then a potential decision regarding the venue. Where is this bankruptcy going to play out? It's possible that it could be here in Wilmington possible, maybe in New York Obviously, there's some jurisdictional issues involving the Bahamas in play here, so all of this will begin to shed some light. What we expect from the agenda that they've released so far for the hearing today Andrew is that we're going to get a lot of the basic blocking and tackling of an enormous bankruptcy. How do they pay their employees? How do they pay their vendors? How do they keep the doors open and continue to operate the business while they're in bankruptcy? A lot of that is going to get sorted through today, but we're going to be looking through those filings and listening to what the lawyers say at 11 o'clock today to see if we get any more insight into just how much money is missing here and how much they've already been able to lay their hands on. Andrew So as you can imagine, the T-ball was set up for Pure Insanity. and man was it an absolute Grand Slam From day one, FTX Bankruptcy hearing. here's the main takeaways of just day one: Company advisors are in constant communication with the Justice Department and the Southern District of New York's cyber Crime unit and which has opened a criminal investigation related to FDX Now I Know many of you are probably applauding aloud right now because you're like, finally, a criminal investigation for most likely what's one going to be one of the biggest fraud cases in the world of Finance ever Like non-stop Wild And then this is where things just like it's just ridiculous. There's there's no word like the thesaurus is gonna have to add a couple more pages after this because I Feel like myself. media content creators uh, were running out of the words of just crazy, ridiculous fraudulent Bonkers Like we need a bigger better word, a substantial amount of FTX assets are stolen or missing. Now we've covered this and it is insane. FTX Attorney says substantial amount of assets are either stolen or missing. Now you might be thinking well to what degree the number is growing, but as of now, it's in the realm of 400 to 450 million dollars and a lot of it went missing on the day of bankruptcy. They were hacked and I don't know if I still fully buy that I feel like it's someone who had to have quite a bit of inside knowledge, but obviously that's all just like a thesis. Maybe it's a little bit too tinfoil hat for your liking, but we're talking about almost half a billion dollars. That right when it was all going down, a hacker just so timely stepped into the situation and everyone's actively watching the movie. The Money Move on The Ledger And it's just insane. Like we're all tracking it. but what can you really do that's one of I guess the aspects. The technical aspects of decentralized money. The U.S House and Senate have requested that the FTX CEO John J Ray the third dude that sounds like a heavy hitter who comes in and like cleans up big Financial issues John J Ray III to testify at some point in December It's also expected that the former CEO Sam Bakemanfried will also be testifying in front of both committees in December Identifiable information of Fdx's top 50 creditors is being kept secret for now, so this was a big question. mark of the day: Is those creditors? We looked at them like 226 million. The top 13 all had like right of like north of 100 million like each. Um, what's going on or is there information going to be publicly released? Well we got the answer as of now and it even says for now is going to be kept a secret but a hearing to reconsider. This is set for December 16th and just you know in general of where this bankruptcy court hearing is going to go. FTX Will be back in court for a more comprehensive second. Hearing in January Obviously at the turn of the year would I really want to get into is the amount of stolen or missing funds, some of the funds that have been found or retrieved in just like the chaotic, non-existent accounting and also Insanity that we're sealing with some of their purchases and particularly in the world of Real Estate FTX estimate of its cash Holdings More than doubles to 1.24 billion as bankruptcy hearing sets to begin, so that's good. Basically they were looking at all their paperwork and stuff and out of nowhere found about another 500 to 600 million uh dollars that on the book so hey, uh, positivity right there FTX Expects millions of creditors but says their identities are valuable assets and they should be kept secret for now. So that was a little bit of the legal win at least for the top 50 creditors who right now or they are going to stay Anonymous But that might be changing as early as December 16th. We have to figure out what lawyer is going to win or not going to win. And then that brings us to the ridiculous part of today: FTX Bought nearly 100 million of property in the Bahamas over the past two years and if you look at for whatever amount of time like longer than two years, the estimate is around 200 to 300 million. And obviously we're talking about luxury beachfront homes and even more. But the insane part? The bombshell part is exactly this: exclusive bankman freeze FTX Parents: Bahamas Property worth 121 million dollars. this was the post from Wall Street Silver same freed his parents and Senior Executives of the failed cryptocurrency exchange bought at least 19 properties worth 121 million in the Bahamas over the past two years. I Wonder if his parents asked any questions why Sam was parking real estate in their names? Now if you ask me, they knew exactly what they were doing. his parents are law professors at Stanford They 100 not only knew what they were doing, but I don't think they were just buying this with their own money. I mean I'm sure they got paid a lot for that position, but no, this is really starting to reek of some crazy stuff. especially when you look at the connection of his parents and the packs and the Congressional and political donations. It's wild. Absolutely wild now. Right before we started filming this, a hot off The press drop Bakeman Freed apologizes to FTX employees Details: amount of: Leverage In internal letter this literally just came out: FTX Founder and former CEO Sam Beekman Freed froze up in the face of pressure as his company collapse Bakeman Freeze said he felt deeply sorry about what happened. So I mean yeah, obviously just saying I'm sorry he fixes the entire multi-billion dollar mistake and what that he meant for the company's employees. I didn't mean for any of this to happen and I would give anything to be able to go back and do things over again. You were my family I've lost that and our old home is an empty Warehouse of monitors. When I turn around, there's no one left to talk to. I Have to say that's exactly what happens when you commit. most likely what's going to be going down as one of the largest cases of financial fraud ever known to mankind. Many people aren't going to just accept your oh I'm sorry you stole clients funds, sent them to the training arm of your business to chase some bad bets, and got yourself into a deeper hole. And apparently from the most recent filings, we kind of knew that you knew what was going on because you were parking multi-million dollar pieces of real estate out of the US in your parents' names. This is absolutely ridiculous. and maybe I'm a little bit too callous. Maybe I'm a little bit too pessimistic, but I don't think I'm sorry cuts it and Isil don't think that he's sorry if you look at his Twitter he's acting like a sociopath. He doesn't seem to be acting as if he knows he did anything wrong. It truly blows my mind and unfortunately, it's putting a big stain on the world of crypto in general. Bitcoin hits a two-year low as 1.4 trillion. That's with the T wiped off crypto Market this year after the FTX collapse. Now just to be a little, Fair here FTX made it worse, but it was already selling off from January until now just because a lot of high growth Tech plays, which is highly correlated with crypto was taking a hit, but obviously it did make it worse. I Just want to be clear about that. And then this brings me to the point where I have a very serious Earnest question for you: Do you think Crypto's done? Do you think Crypto's done? Let me know in a comment below or are you just looking to buy the dip because I found some noteworthy figures who are kind of of the latter option and are interested in still interested I Should say in the future of Crypto, this is the New York City about Crypto. Yes, it's been a lot about Crypto in the news. It's lost something like over a trillion dollars. Yes, um, one of the biggest companies has imploded. You're one of the big supporters. and Believers in this industry, do you have any regrets about that? And what do you think is there? You do think that the city should still be promoting this industry? Well, a first. Um I Believe in technology. The whole thought of using crypto? blockchain. uh, currency of what you call the Cyber wallage. We need to move into this space. This space is coming if we like it or not. And when I hear people say, well look how much money uh, an individual loss? uh in uh, cryptocurrency? Uh I You know how much money I lost in the stock market? you know, uh with some of my retirement investment? I'm afraid to even look at it. nowadays. you know all of these industries have ups and downs. Um, you know the junk bomb Kings the fraud that they did in the stock market and and Penny bonds. And you know. So there's always people who are going to exploit these forms of. Industries I Believe in the new markets and the new currencies and I'm encouraging my young people to learn about them. We had a a crypto Summit um that was partnered with the owners of um the New York Nets where we brought young people in to learn about these industries. These industries are not going to go away because they reach low points. This is an industry that we must. Embrace And I'm looking to further leaning into uh, blockchain and other Technologies Yes, my money's already there I Took my first three paychecks, so the New York city mayor still optimistic in the future brings up a good point of the overall stock market taking a hit and another person who is well known in the world of I guess not only politics, but particularly Kathy Wood at one point was the darling Legend of Wall Street particularly in the year 2021 Arc Invest is buying millions of coinbase and Gbtc shares per Bloomberg Kathy Wood is buying the dip. Hey, this is also my mindset. I still think that the dip in Bitcoin should be bought I'm not dissuade from crypto in an overall sense, but other things outside of the world of Bitcoin I do have a lot of question marks. So what I want to hear from you in a comment below is one of those three options: Are you completely done with Crypto? Are you just focusing on Bitcoin? Or do you think a lot of the other things going on in the world of crypto? A lot of the other coins, a lot of the other tokens still are of interest to you. Uh, I'm earnestly asking this. Let me know in a comment below. This brings us on to a little company I haven't spoken about in a bit now and I want to because I honestly owe quite a bit of my career to it. So if you don't know who's in this picture, we have on the left Coral Icon who is kind of like the OG corporate Raider multi-billionaire very well respected, and uh, an activist investor. and on the right we have Ryan Cohen who fancies himself to be this Generations Coral Icon So Carl icon on the left, the older gentleman and then on the right we have Ryan Cohen who is the uh founder or co-creator of Chewie and he's also big in the world of GameStop Actually, when this came out in October a lot of people lost their mind and as Reddit does, it takes one little piece of information and extrapolates it out into the world of extreme hopium and copium. So they all thought this was going to be massively beneficial for GameStop and both of these gentlemen are put on a pedestal higher than many other people. They have a brand built up of like basically like hey, whatever they're doing, we want to tag along with them and everyone assumed this would be good for Gme. but man oh man did it turn South and it turned South very quickly. Billionaire Investor: Carl Icahn said to hold large GameStop Short position breaking News: Billionaire Investor: Carl I kind of is betting against GameStop shares. so I guess whatever meeting they had did not go that well. Billionaire Investor: Carl Icon began shorting GameStop during the height of the Beam stock frenzy around January 2021 and still holds a large position in the video game retailer. Icon started building the short when Gamestop was trading near its peak of 483 per share and still holds a large bet against the retailer shares. This guy almost top ticked the squeeze and has been riding it all the way down making him Buko bucks. The investor who has added to his position from time to time as in getting more and more short, more and more bearish is betting that GameStop stock isn't trading on its fundamentals and will continue to fall. The size of his position isn't clear. we just know it's large according to people familiar with the matter, but that's a big bet. So right now it seems as if the darling of the meme Community kind of the OG ticker symbol gme that got this all started. not I can't really say has a new enemy, but a new publicly disclosed enemy who has been betting big against it and if you look at the scoreboard, has currently been winning. This also leads us into recent commentary from Ryan Cohen Typically he doesn't do interviews. He doesn't really do many public facing discussions or anything like that, but he did do an interview and we had some interesting things. Uh, that I or I thought they were interesting and I wanted to share with you about this whole situation. So first of all, why did he even get involved with GameStop I invested in GameStop Because I thought it was cheap I thought the intrinsic value of the business was worth more than the price that I paid. There was a tremendous amount of skepticism around GameStop and those are the things that I like. and obviously that one's paid off big for him Now one that paid off big for him but I would argue was a big hit to his brand was Bed Bath and Beyond a quick recap of what happened there. He knew that there was going to be a quarterly filing release about his increased position in Bed Bath which because he is very admired in the world of Reddit Many people started to buy it and Bed Bath the stock exploded to the upside: he sold into retailers buying netted 60 million dollars and then obviously very quickly after the stock got dumped on all of those people. and obviously the retail Community was thinking what in the world was that my views of the business clearly changed I was highly critical of the strategy in the letter that I put out. It's rare to see a company go from aggressively repurchasing shares to losing a lot of money when I saw that and I saw the results My Views change and the business and I ultimately sold and hey, that's fine. everyone's in charge of their own money. I have no qualms with that. the timing of it not illegal, but I would say arguably immoral, arguably objectionable. There's a lot to learn from Carl Icahn He's an OG activist and he's been doing it for a heck of a long time. I Have a hybrid approach I'm ready to go to activists in the opportunity is right, but I could sit on my hands and invest in a great business with a confident management team the way that Warren Buffett does it and let your Capital compound for you. I'm pretty agnostic in terms of what the approach is, whether it's activism or passive investing. so a little bit of a shout out to crawl icon there and also Buffett and the whole debacle of what's going on, but interesting I Just wanted to share my thoughts on Bed Bath and Beyond Bbby. Once again, this comes back to just proof that once a suit, you're always a suit and that's a direct commentary to Ryan Cohen He sold into retail like he knew it was going to pump up. He sold into them. He cleared 60 ml. In terms of Jamie I Very much do respect what's been going on. Uh, but I do find it interesting that not a new enemy as I alluded to before. But like I said, a new publicly disclosed guy that someone he looks up to and considers to be an OG activist is actively betting against him obviously. I would love to know your thoughts. And on that note, a shout out to attendees if you want free options Flow Free Social sentiment analysis Free data breakdown options, calculator, earnings calendar Free research All this stuff is free. No credit cards or anything like that. just go to attendees. It is in the description of the video. You can connect your brokerage account if you so choose and then you'll get personalized news for what's in your brokerage account. uh I think it's awesome, but check it out, it's in the description of the video. Shout out to Attendees! Uh, obviously. I've been partnered up with them for a while. They sponsor many, many of my streams, so happy to continue that sponsorship. but a lot of the times when I talk about them. It's early in the morning so the option flow has yet to be seen. so I like to do it now kind of after the trading day. so you can kind of see the fact that you get all of this options flow for absolutely free and then just for some of the other things you could see what's going on in the world of research. no credit card. Nothing like that. There's so many services out there that would charge you for this type of information and attendees is just trying trying to empower the retail. Trader So make sure you are checking it out. Speaking of memes and degens, that leads us to the most recent debacle going on in the world of the in the world of the world's richest man. Elon Musk Hardcore work. Ultimatum has the deliberate plan to push Twitter employees out after he was warned against cutting more than 50 percent of staff. so we've covered this. But basically he said hey, if you're not willing to throw in a pretty serious 80 hours a week, this is not the place for you and I kind of get what's going on there. Did he probably want to trim some of the fat? Yeah, Without a doubt he knows that he paid double what Twitter's worth and he's gonna have to fight like hell to get back his investment in this company. Uh, and I want him to pull it off and I'm going to be getting into that in a second. But even right away we're seeing what they're trying to do. Elon Musk says he wants Twitter 2.0 to have video chat, police calls, and encrypted DMS and he has Enlisted the help of Signals founder. So right away that's what all the engineers are being worked to the Bone for. So we have the new subscription model. We have all this going down. There's a lot of changes afoot. so a lot of these Engineers who just socially Twitter was known to be a company where people didn't really have to work that hard. It's kind of a shock for them and they're going from one end of the bell curve of not really having to work hard to the exact opposite end of on average. they're working at a very, very high level and I get why Elon is kind of holding a fire to their assets because things are pretty tough right right now. Tesla has lost almost 700 billion in market value that's equivalent to three Disney's four, Nikes or six Starbucks We're talking about the whole company and yes, this is not specific to Tesla I would argue that the EV sector is under quite a bit of pressure, but on top of that, on top of that, in general, the whole Market selling off. So he's doing what he can to get some good positive cash flow and on an individual basis. Man oh man, World's richest Man Elon Musk's wealth has taken a hundred billion hit in 2022 thanks to plummeting Tesla shares. So not only is Tesla going down, he had to sell some more. Which means the sell-off even worse we could Finance the Twitter deal. It's a debacle, an absolute debacle, but this is where we're at right now. A lot of the times all get asked of like why do I seem to be like a fan of what's going on with Twitter why do I be? Why am I always an outspoken, uh, proponent of Rumble and all those things And on a personal note: I want Elon I Want Rumble to be successful because I think it's important for the world to have a digital form where we can cross pollinate ideas. and I am an absolutist when it comes to the world of free speech. and I'll be explaining more of that in just a second. But I mean, check this out. Not only is it hilarious, but it's also useful for the world to know what's actually going on. The Biden Harris Administration lowered the deficit with the single largest one-year reduction in American history. and that's from the official White House account. At first that sounds good, but there's more context to it. and people who are really in the nitty-gritty of the economy in the world of Finance know right away that this is just BS it's pandering to get votes. Uh, but with these kind of reader context add-ons I Love it. Absolutely love it. Covid driven deficits in both 2020 and 2021 were roughly double the previous year. Uh, record, excuse me of 09 making the drop of 2022 sizable. but 2022 deficit is still the fourth largest in history and is 41 larger than 2019.

so this is kind of saying the deficit is single largest one-year reduction? Is it technically true? Yes, but context is 100 needed to understand why the reduction at that levels because basically the economy ran into some very very serious time. So yes, this is hilarious to me. but I think people need more context. Another thing that I get a lot a lot is why am I such a proponent of free speech which I very much deeply associate with the world of Rumble I Think this is a real world example right here: U.S Approval of marriage between black people and white people from 1958 to 2021. As you can see, it went from four percent approval all the way to 94 approval. Why did this happen? Why over this period of time did approval which I Think we could all agree this is something that should be approved. Why did it? Skyrocket The answer is freedom of speech, The fact that people could fairly and easily share their ideas with the rest of the world, and obviously the good ideas rise to the top. One of the most incredible examples of a country changing its mind on an issue without Free Speech the incredibly unpopular 1958 Viewpoint That said, there's nothing wrong with interracial marriage. excuse me, would never have seen the light of day. This is a very, very real example of why we need people to be able to share their ideas and the good ideas. As soon as they go into the marketplace of ideas, the good ones rise to the top. Uh, so I just wanted to share this because it was something I personally had no idea and I think it's good for more people to know about it. Yesterday we were talking about the surprising shake-up at the Disney in the world of Disney of how the current CEO Bob Chapic was getting kicked out the door for the previous CEO Bob Iger And right away a lot of people are saying the number one thing that needs to be fixed is Star Wars Now I am not speaking from a place of expertise I am not necessarily A Star Wars Fanboy I Did watch some of the recent Star Wars more movies and I thought they were trash the one of them I watched their first 15-20 minutes and I thought the dialogue was so comically bad I turned it off and if you know anything about me, my bar for entertainment is so low that that's unheard of. I will sit through and watch anything if it's just like whatever. if I find it a little bit intriguing, a little bit comedic, whatever it is. but I am once again. I will make this explicitly clear: I am not a hardcore Star Wars fan so maybe I'm missing something here there. but I agree with this I saw this right away and I was like, of course, you need to fix it Star Wars is literally a worldwide brand that is recognized in the farthest corners of this entire planet and just from what I've seen recently, it's been taking a massive dive. not good, needs to be turned around and I truly hope that Bob Iger is successful in this and I Honestly, even though like once again, just to make it explicitly clear, I'm not an expert in this, but people who are Die Hard Star Wars fan recently have all been having issues like their exact kind of almost clientele Of the people who really followed this type of stuff, they've also been seemingly equally upset. So I don't think it's like that insane of a call out breaking Meta CEO Mark Zuckerberg is set to resign next year. This came out just before 11 A.M ET Today not that crazy I mean we saw Bob Iger come back in after Disney Stock was taking a hit Mark Zuckerberg Stock of Meta has been taking a massive hit. So not that insane. but a little bit after that, you know an hour later, Meta denies report of Zuckerberg 2023 departure. So I don't know what to believe. Maybe there's some truth in there. Maybe it's just completely fabricated. Uh, but Mena Having a pretty crazy day in the market because it was trying to react to this news of is he there? Is he not there? A lot of confusion. so I just want to keep everyone updated on that because maybe you just caught one piece of the news. And I think it's important to have the whole story now if we take a step back and look at the overall. Market So in terms of macroeconomic reports, tomorrow morning, an hour before the Market opens, we get continuing jobless claims. Uh, kind of important. Also kind of important is new home sales, but the major thing tomorrow is at 2PM we get the Fomc minutes. So basically it's a very detailed report of what was discussed in the last Fomc meeting. And for those of you who don't know what that is, that's where the Federal Reserve the Central Bank decides what they're doing with monetary policy. Historically, these are boring as and no one pays attention to them only if you're like a hardcore monetary policy nerd. But this year they've been the Hot Hot Topic. So please pay attention to that. The market will have a big reaction to it. Also, tomorrow, the chairman of the Federal Reserve Jerome Powell will be speaking a friendly reminder to all of you before we go on to the other reports from today. Tuesday Uh, the Market's going to be closed on Thursday for Thanksgiving I will not be streaming and then it will be a half day on Friday. it will close at 1 pm on Friday Once again, not streaming. so I'll be doing my normal schedule tomorrow as long as this sickness doesn't take me out and then not streaming Thursday and Friday. But we have some big pieces of content planned for all of you. Uh, some big interviews that I'm very surprised we were able to get, but nonetheless will be coming out on Thursday and Friday. So uh, we're gonna end up taking no days off. In terms of the reports that also came out today, investors home purchases drop 30 percent as price increases slow down. We've been talking about this and it's honestly no surprise that the housing market is really getting the brakes pumped on it because interest rates are just like soaring through the roof. Uh, investor home purchases dropped by just over 30 percent in the third quarter of this year compared to the same period last year. The drop in investor sales outpaced the drop in overall home purchases, which were down roughly 27 in the third quarter. Home prices are still higher compared with a year ago, but the annual gains are shrinking at an unprecedented pace. So technically everyone's still up, but if we fast forward out a month or two months, probably not going to be exactly true. No buyer's Insight A senior Economist says home prices will fall by 25 as supply and demand Dynamics in the housing market have created a perfect environment for declines. And it's as basic as this: The supply is up, the demand is down, and that just leads to prices falling like this is you're gonna. Even though this economist is spot on, you don't need some fancy economics degree to say what happens when Supply goes up and demand goes down. Obviously, price is half to fall and that leads us to our final story of the day: Taylor Swift's tour promoter says it had no choice but to work with. Ticketmaster So I covered this because I just saw the debacle that my own completely real girlfriend was going through trying to get these tickets and then on that exact same day AOC was making some public statements of that we need to like break up the Monopoly of Ticketmaster and Live Nation and all that and I'm not the biggest fan of AOC I've been very, very uh, clear about that. but honestly, on this particular issue, she might be right. like I legit. Think that AOC slash Taylor Swift might be right. So I did a little bit more of a deeper dive into this I guess particular story and what's going on is Ticketmaster bought Live Nation Live Nation is pretty much the owner of all of the US's major Arenas So that's exactly where Taylor Swift has to play because her stardom is at that high of a level. So if she's using these venues, she's forced into using Ticketmaster and Ticketmaster Not only is their Tech absolute because people were waiting in massive cues and it was getting Frozen and they had Dynamic pricing and the resale markets crazy and they're just gouging their customers. This really is a monopoly that should probably be looked into by whoever looks into monopolies for Anti-Trust issues. it actually is wild and now Taylor Swift Obviously her fans, some of them eventually are going to include lawyers. Well, they're all kind of banning together to take this on. and I have to admit I hope they're successful because it really is insane. I Was looking at some of the resale markets for Taylor Swift 30, 40, 50, 000 and it is all made worse by the fact that Ticketmaster not only their Dynamic pricing, but also just their website. Like if you're going to be in Monopoly at least run it well so you don't piss people off, but they can't even do that like the site just kept going down. Absolutely insane. So we'll see if anything ends up coming from it. That's what I have for you today in today's episode of the Matt Core's show. Uh, while I'm waiting for some questions to flow in here, a quick quick reminder. Uh, make sure to show a little bit of love to today's two stream sponsors. I'm talking about attendees and I'm also talking about Enviro Cleanse. Uh, Awesome awesome products. Check them out in the description of the video and also pinned in the top of chat. Uh. Also from there a quick reminder: destroy the like button and don't forget to subscribe like And subscribe on both Rumble and YouTube is the only thing I'm going to ask of you. but if you like this content I would truly truly appreciate it. All right? What do we have? Uh, Carl icon final AK he he's founding something saying up to 400 million, What do you mean founding? Remember? In the world of the US markets, you have to if you're a big player such as: Carl Icahn You have to report your long positions, your calls, and your puts, but you don't have to report your shorts. Uh, what do what's going on with Taylor Swift the inseam on Taylor Swift uh Ticketmaster Starting this year announced: Dynamic pricing means more by the raise the price. Meanwhile, artists get nothing extra. Yeah, the dynamic pricing really does seem like kind of like super. uh I guess corrupt Pearl Jam tried to suit Ticketmaster in 1994 claiming it was a monopoly. Didn't work out well in the end. Uh, I've read that too. Actually, surprisingly enough. uh, but I think in just different time, different I mean right now it has more momentum and a lot of the times these legal discussions and arguments it goes by like really your population's momentum of what they want to happen and and to my understanding, what what happened in 1994 kind of pales in comparison to the current outcry from all the swifties I think is what they're called. The corruption is different this time in the sense of it has more attraction in people paying attention to the story and also Ticketmaster didn't own Live Nation back in 1994. what is your take on Dave Lauer's tweet? Uh, which one of Dave Lauer's tweet Dave Lauer tweeted I've been Oh, hang on. What is this starting to feel like he wants to burn it all down talking about CZ Yeah CZ Had a tweet about coinbase and then he quickly deleted it. I've been watching everything unfold with Crypto. as someone who has been there for every crypto crash last winter, nothing really surprises me anymore. Definitely a lot more fraud this time around. A shocking amount really. but if the industry needs a good flush, so be it. I Agree with them. I I Want the legitimate players to be in the ones around, not the fraudulent ones. The one from this morning? this is the one of the one. uh, this is from the afternoon I Guess which one specifically? you can join our efforts to push the SEC on these changes. Yep, I'm a big fan of we the investors I I Guess it depends which one you're talking about. The dude tweets a lot. Uh, Swifties Goonies Ticketmasteries. It's gotten worse with the Ticketmaster Live Nation thing. It feels like that's very much accurate. We need a sophisticated cluster to reserve servers to hand in demand like that. An ordinary website server would never handle it. I mean could it have been handled? Yes, it is technologically possible. They just didn't have good code in their code base. I Suppose Just running code All right. Looks like things are slowing down a little bit. Well, folks, that's it for today's show. We'll be posting content a little bit later on and then we'll be streaming once again tomorrow. morning 9am, bright and early I Hope to catch you there the day before the big turkey day. Have a B-e-a beautiful evening I Appreciate all the Good Vibes I'll catch you tomorrow morning.