Stock Market Winners & Losers: Nvidia Earnings | Boeing's Starliner| Kelce Brothers

Published: Aug 27, 2024 Duration: 00:04:20 Category: News & Politics

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time now to talk winners and losers on Wall Street with financial expert Rob black and Rob this morning I'm seeing nothing but a sea red uh doesn't look all that hot good morning yeah we've had a great year so we're up almost 20% in the S&P 500 so there's going to be days like this but today's a weird one it's kind of waiting for NVIDIA to show us is all this money that's waiting waiting Market waiting helping the S&P 500 and the NASDAQ have 20% gain is it too much is do we deserve the AI bump um Nvidia is going to tell us today after the market closes so it's kind of exciting but it's also kind of silly that we're waiting for One stock to tell us how's our wealth looking how's our 401K looking but because the S&P 500 is Market weighted Nvidia carries a lot of weight and most of their customers are meta and Microsoft and Apple um well not so much apple but um they're part of the S&P 500 the big Market weighting so this is a big one today tomorrow could be a big move all right well you mentioned 401K I guess we've got record number of 401k millionaires going on now yeah at Fidelity there's 497 th000 it's up 2 and a half% over the last quarter that's nice to see because a million dollars in retirement James is going to pay you about $40,000 a year until the day you die that's really rough you know napkin kind of sketching but that's pretty good um that'll keep up with inflation um and it won't you know eat away your nest eggs so you don't have that impossible situation of running out of money in retirement okay all right hey let's talk Tech real quick we've got the Starliner capsule up at the space station and NASA recently made a decision that the two astronauts that that capsule brought up are going to have to stay up there a little bit longer and come down on something completely different I guess yeah this is kind of a Gilligan Island scenario for Boeing it's not good it was supposed to be like a three-hour Cruise it was supposed to be a weekend trip to the space station and now it's turning into an 8mon weight can we get them down safely ground control to Major Tom scenario this is bad for Boeing it looks bad they've had two plane crashes on the 737 Max they had the door ripoff there's quality control they're slowing their deliveries to try to catch up with a quality it's supposed to be a reusable rocket it got there and there's some helium leaks there was some propulsion problems so NASA said better safe than sorry let's hire Elon Musk so Elon Musk is going to go up and save the day this is going to have a movie made out of it it has that feeling for SpaceX of note Boeing not Boeing but NASA gave Boeing a 2 uh $4.2 billion contract to do reusable uh spaceships so far boe's only lost 1.6 billion whereas SpaceX was given half that 2.6 billion and they've had 42 successful visits to the International Space Station carrying payloads that pull sometimes $300 million in Revenue so SpaceX is the winner Boeing is the time to sell to Lockheed margin or north of brummond interesting okay and then lastly let's end on a happy note Amazon I guess paying big money to the Kelsey Brothers for their podcast this is crazy um New Heights obviously hit New Heights when one of the Kelsey Brothers started dating um Taylor Swift Taylor Swift the Taytay um so $100 million over three years that's $33 million a year this is interesting because Amazon has got called wry this is a non-exclusive so they're going to be able to sell ads to the NFL package on Thursday night on uh Amazon but they're also going to be able to sell podcast ads and kind of package that NFL customer into um advertisers but they're also going to be able to sell on to Apple and Spotify and YouTube so it's a big win for Amazon now now they kind of need Taylor Swift and Travis Kelce to get married to really turn it into a gigantic win some people are speculating that's why they did such a big deal interesting wow so you got the Manning brothers now the Kelsey Brothers a lot of folks getting into it all right Rob thank you as always we're going to chat with Rob again tomorrow so let him know now if there's a fun story you want him to delve into you've got his social media handles on the screen you've got his email too at Rob roback.com

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