 Welcome folks. This is Jacob Schupfield and then for Tom O'Brien I don't know if you heard the intro, but that caller he loves the trading room on discord You guys got to get in. All right, so the rally continues The yes, I mean, this is up insane. We're really looking for the 4400 level right now I'm sure we'll probably hit something like that this week something to kind of keep a eye on Some interesting volume movement right here today We were speaking a little about little bit about gdx of 39 point 39 the dollar Sitting out 103 63 right now I want to look at today some of the big gainers. We had carnival crews, right? And these cruise lines got kind of smacked During COVID right, but I mean we have about almost a 13% increase today on on massive volume They had a pretty good outlook according to some analysts Basically saying that the cruises aren't going anywhere I wonder if there's some way that they're gonna now, of course, you know gen x and the boomers are really what you want to look at because they have money to spend But I wonder if there's going to be a way that they can kind of acquire You know millennials and gen z at some point. I don't know many younger folks going on cruises. I'm sure they're a blast But regardless, I think there's some positive outlook on their earnings So we'll see if that follows through Additionally, we have Oracle running today. They're up in the AI sweep as well They're up 6.2% So again some positive outlook on on their earnings. So Yeah, some big some big gainers today some Kind of interesting news regarding this and we'll see how much it actually affects their their companies and I'm sure it will at some point Uber is still up today, but uber and door dash, right? So there's a Kind of a new law going on in new york city. Okay, and it's about imposing a minimum wage for these drivers I think dash is down today, but this seems a little bit more company specific Oh, no, we're up. Okay. We were down earlier today, but Up 0.43 anyways, so over the weekend the NYC mayor eric adams he declared at beginning july 12th The city is officially raising the minimum wage for its app-based restaurant delivery workers, and that's obviously uber eade store dash to 1796 per hour that's from its Current average of seven dollars per hour. So I mean quite a quite a substantial jump That number is expected to climb to at least 1996 per hour by 2025 It could be worse the delivery apps as the 2025 proposed rate is much less than the 2382 per hour the department of consumer and worker protections has previously proposed and so it actually seems that this is kind of a There were there was some kind of compromise made between the government and the lobbyists Certainly the comptroller of nyc had something to say about it He believes that the rule doesn't go far enough Saying that the mayor acquiesced to the lobbying of door dash and uber and that workers would actually be taking home Just 1269, you know regardless of that. This is definitely going to Increased operation costs for them I think they have put them over to contract work, but they're still going to have to Be paid like employees Pretty interesting Also, I you know if we want to look at kind of you know door dash in particular, right? It seems like these kind of disparities in Prices and movements today is a little bit company specific You know the word on the street from people I understand and I know They are leaving door dash if they've worked for door dash they want to get away from that company They don't apparently pay them very well Comparatively speaking there's a few other companies that are kind of popping up doing the same thing And the drivers just simply make more money A lady that I see every day at Publix when I go to get lunch. She does door dash as well She told me this earlier And I have a few other friends who are kind of following suit So pretty interesting. We'll see how that goes out Additionally, we have some news with targets The company has lost 15 billion market value Since the start of a boycott that have been going on due to some of the products that we're selling JP Morgan downgraded the stock So it's quite interesting. Obviously we had a kind of similar situation go on with Bud Light They lost their number one consumer beer I think they were down 60 percent in sales over the Memorial Day weekend, which is pretty significant So we'll see if this you know, I Whether or not you agree with the with the protests, you know, it's still causing quite a bit of a Impact on this company target also suffers from Some interesting issues regarding retail theft, right? And this is hitting a lot of the major You know brick and mortar retail places Let's take a look over here. The retail shoplifting is costing billions This is CEO's worried that they're powerless to stop it This is retail executives are sounding the alarm on in-store shoplifting as theft burns a multi-billion-dollar hole in their balance sheet I mean you had even Walmart Moving out of Chicago. I remember a few years back. You had I think Walgreens or CVS was moving out of LA just because of the thefts Excuse me. The losses due to the thefts were just so high There was a study done and this was in California that people responsible for these thefts There's only a small amount of people, right? It's it's a small group. I think it's something of like 200 To 500 individuals who are responsible for most of it So, you know any kind of Crackdown and if these you know cities do get pressured into doing so if more of these You know companies leave I wouldn't suppose that it'd be that difficult if it's such a small amount of people, right? And these people are in the system. So Regardless, it's quite interesting to see such a large cut into into the profit essentially into revenue This article saying as if a possible recession declining consumer sentiment wasn't enough to worry about retail executives are struggling With increasing amounts of stock disappearing or shrink in the industry parlance The problem was talked about more on retailers earning calls this quarter Than any other quarter on record. That was nearly 200 mentions The increased attention is basically due to more large retailers calling out shrink and that's the loss Um from the thefts as a real problem impacting both sales and margins shrink levels are increasing for almost all retailers Relish this is from michael relish Is co-co apparel brand pacific sun wear of california incorporated and that is pack sun big clothes company The shoplifting losses are beginning to reach staggering levels target Said that loss or stolen inventory will hurt profitability with 500 million. So, you know, not only are they getting boycotted But they're also losing almost half a billion To retail theft this year. Obviously, this is something that really needs to be addressing if I were a shareholder I'd be putting the heat on target folks. Stay tuned. We'll be right back