 What is going on Tigers? This is Jacob filling in for Tom. Let's do a little card from right now So in love there are no conditions. You love for no reason with no Justification you are free to be what you are and you allow others to be what they are and Again, that's a beautiful thing guys. All right. So the market gone off to a rough start today We're kind of crawling back and the Dow In the SMP the NDX today Obviously the big talk and around the banks There's a lot of interesting things going on to do just a quick recap of what happened with svb And if there's maybe some other kind of toxic things within bank compositions We'll talk about the potential for steel to be pretty good in the future here And just some like minor adjustments going on A large company so you know to begin we can look at Walmart here has laid off Quite a few their employees Walmart's Shrinking their e-commerce facilities across the country as a big box giant and other retailers brace for a tougher year ahead This is kind of seeing what the Fed is has wanted a little bit, right? Like lowering employment now employment numbers are still pretty strong, but you can see Companies starting to hurt even companies of this kind of size are really reducing down It seems like in when we go a little bit later when we look at some of the banks And kind of their acquisitions throughout 2020 it seems like across the board Everyone kind of used this suppose extra money that they got and really bloated themselves up quite a bit I think that's the case for a lot of Employment numbers And we'll certainly see at the case as the case and things like mortgage back securities, which we'll get to later So Walmart's e-commerce rival Amazon announced 9,000 job cuts on Monday following 18,000 layoffs in January Amazon has also closed canceled and delayed the opening of new warehouses As some online sales shifted back to source stores. Let's see here Yeah, so I mean, you know not a lot of like movement here whatsoever. Let's do it on weekly Let's do it this way. Let's see. So, I mean nothing nothing like too extreme for it I think this cutting down of Employment is gonna be pretty good for the company when you get to hard times It's just trimming the you know, you're talking about people here. You know, you don't say like This way particularly but you know you got to trim down on some of the expenses essentially, right? Especially when things get a little tougher The company confirmed this is Walmart now the company confirmed to Reuters that is eliminating hundreds of jobs at five fulfillment centers Told Reuters is reducing its workforce because of reduction or elimination in evening and weekend shifts So it's pretty you know, it's a big it's a big move for them Walmart anticipates lower sales growth and lower profits in the coming fiscal year The company said last month that it expects same store sales for its US business to grow between 2% and 2.5% That's excluding fuel That compares to 6.6% growth in the previous fiscal year The company expects adjusted earnings per share to range from 590 to 605 again excluding fuel For the fiscal year and that's lower than the adjusted earnings per share of 629 for the past fiscal year Online sales have continued to grow though at a slower pace than during the peak of the pandemic E-commerce sales for Walmart's US business rose 12% in the most recent fiscal year Which ended January 31st? And that compares to 11% growth in fiscal year 2022 and 79% in 2021 Another kind of like you know small news like this Apple is getting in to the movie business See we go in here. So This also led to a lot of cinema stocks jumping quite a bit Apple usually releases films directly to Different streaming platforms. So it seems like they might be going for like a big box office hit now, which is you know I'm sure there's probably I would say less fees running it like that Also, just expanding its market share into different kind well into different markets essentially, right? It's pretty good idea Cinema stocks also jumped Thursday after a port That's an apple's plan to spend one billion on this I feel bad kind of for the AMC apes as they call themselves They yeah, I have this guy I know He works at one of the restaurants I I go to He got in AMC and I don't even know like 20 bucks or something like that and the thing has just continued To lose value again with these kind of like meme stocks. I mean we all know this but there's You know, not a lot of real value in them holding them long term I'm sure they can be vehicles for crazy gains if you time it correctly But I mean it doesn't even seem like we had anything Let's see here. How big of a move really is that? I mean, this is just a bad obviously toxic stock to hold I think these guys are really regardless regardless the These companies kind of jumped a little bit on that Again Amazon made a similar commitment last November promising to make between 12 and 15 movies For the movie theaters each year Bloomberg's report indicated that Martin Scorsese's crime thriller And a bunch of other ones from really Scott as well are on the short list for longer theatrical runs Anyways, I think what we're seeing is kind of like a big rebound again into cinema It was weird. I mean, you know, I can speak a lot again for my age group We going to movies was kind of not really something you did. We loved being able to stay in but I think with the pandemic We realized how you know, you don't know what you have until it's gone. I suppose, right? So Second here, so I think we're gonna see a lot of rebound in this but regarding, you know The cinema stocks themselves probably probably nothing big on that When we get back, we'll talk a little bit about Hindenburg They released a pretty scathing report on on block and it's CEO Jack A lot of the report itself. I read it all yesterday There are some things in it that are valid I think a lot of other things kind of make it look a little bit like a hit piece I'm not saying that's what it was but there are qualities to it So we'll kind of parse through the positives and the negatives of that report and kind of see what happens with that And folks stay tuned because we'll be right back You