To close out the week surging much higher. Could this actually be the golden age where celebrityism and materialism save our economy from recession . Plus, it has been short squeeze fever, folks. It is at a fevered pitch. Weve got the man whos got the potential next rocket ship. And it turns out micro sailor is getting the last laugh once again. Heres the question, does bitcoin have enough Big Ken Energy to get much higher and . Being kicked into the wilderness and finding a new rem refuge. All that and so much more on making money. Charles all right, so the jobs report came out, the headline number is below consensus. In fact, private employment was well below consensus. They called it a mixed bag, however. Hourly wages, 4. 36 consensus was 4. 2. 15 2,000 jobs. Listen,ing weve got almost 10 million job openings. Theres still a a major disconnect there. We ross 2,000 the manufacturing jobs. Remember on show yesterday i told you watch out for that . It happened. We lost 8400 transportat
The bondholders and stockholders were wiped out in yesterdays season sale to jpmorgan. The market is essentially reevaluating the Downside Risk in the event another Regional Bank sees the same fate. There was a highlight of the big Bank Balance Sheet to acquire the failed bank out of receivership due to cost concerns in a world of consolidation, though, this calls in regionals ability to compete the timing is kind of unfortunate, too, coming off the heels of better than expected q1 earnings last week but right ahead of tomorrows fed meeting and amid the debt ceiling debacle. In a goldman note to clients, the firm notes the selloff was driven largely by hedge funds, specifically short pressure. The firm notes the lack of relief rally yesterday when jpmorgan First Republic news was announced sent a bearish signal to the market, guys. You mentioned one thing, and that is the level of uninsured deposits that some of these Regional Banks have. Why is that such a sore point . Are investors w
The ceo of tripoint homes joins us with a look at inventory and the impact of rising Interest Rates. The dow down more than 200 points, hovering near session lows its been a rough week the s p is flat, but the nasdaq, the outperformer today, bouncing back from yesterdays rough session by about 88 points amazon, the big tech gainer, shares there up nearly 8 on the back of earnings more on that ahead that is helping the rest of the tech trade apple on deck, of course, to report next week and everybody watches that one lets begin with the latest read on the economy and steve liesman, we have had a lot of data this week, steve. Yeah, its been a good one, tyler, if you are an economics reporter even if you like the economy, because it was mostly stronger growth, growth tended to exceed estimates with inflation, however, remaining sticky. But curiously, fed rate hikes are now less in play, as ill show you in a seconds on the expectation that the robust economic readings wont last core pce pr
Technology and economic dominance. It wont last forever, but right now, wow. Plus, theres no greater influence at this moment on the stock market than the assumption that powell and company are going to to cut rates. But what if they dont . And has the bifurcation between the wealthy and the working class grown to Dangerous Levels . Id love to hear your thoughts on this. Have we bonded blue collar america and what because it mean, tweet me cbpayne. We all know freedom isnt free although we all kind of take it for granted. Ive got a very special memorial day take on that. So much more on making money. Charles so between yesterdays shellacking and this 3day weekend, today, obviously, you know, it feels like that summer vibe kind of thing. You know, lots of folks have already taken off, and those or who are sticking around a probably mental ally checked out. Still, this is a really important session. Heres the thing, the real story of this market continues to be nvidia and the mag if enou
By 0. 1 . In the last 24 hours, the president of the United States is heading to israel. Tom per is no other story today. There is no other story today. He is basically traveling to a war zone. Jonathan he wants to present prevent the conflict from enveloping the whole region but how to develop a plan to get aid into gaza. Lisa thats one of the key components with the talks with tony blinken. I find it interesting that President Biden will be going to israel and going to jordan right after, entering the zone with Security Issues and Strategic Issues and have the u. S. Will influence this. Tom im reading on the turkish war in world war i and its amazing the parallels to right now. We are out front on diplomacy. Someone asked the secretary of state where hes been and he said he can remember. They have parallels to 1914 as they try to avoid war. The daily mail in london today talks about the tunnel structure of hamas, 40 feet underground and maybe as many as 300 tunnels. Thats the reality