Watch BEFORE Friday 5:30am Jobs Report!

oh man Apple joins The Fray as well no

more hiring at Apple outside of r d oh

and what are the numbers that we need to

know before tomorrow morning and what is

all the madness going on it's gonna be

what you find out in this video well

just a day after Jerome Powell tells us

that we need to see job openings come

down we have a whole host of new layoffs

and this begs the question is this the

beginning of the end that is the

beginning of the end of the stock market

pain because maybe we'll finally see the

jobs Market Back in Balance or is this

the beginning of the beginning that is

the beginning of the real crash is the

economy just so strong that now the

Atlanta fed GDP tracker is suggesting

GDP has moved up from 2.6 percent to an

annualized rate of 3.6 as of just an

hour ago meaning that the fed's work is

truly just beginning well folks let's

talk because there's a lot going on and

in this video we'll also talk about what

recommendations there might be to help

you get through some of the madness

Amazon has announced pausing hiring of

corporate workers Open Door or slashing

18 percent of its Workforce as its home

flipping business is home faltering Lyft

is laying off 13 of its corporate

Workforce stripe the fintech darling

that almost went public but didn't is

looking to lay off 14 of its Workforce

As It prepares for leaner times keep in

mind all of these announcements just in

the last 24 hours Twitter thanks to Elon

Musk expected to lay off 50 of its

Workforce Goldman Sachs expecting new

layoffs chime a digital Banking Company

expecting a new round of layoffs Galaxy

digital 20 layoffs Intel as and this

one's older the other ones have all been

within the last 24 hours but Intel told

us in their earnings report that they

were planning on saving three billion

dollars potentially cutting as many as

24 000 jobs if you just sort of divide

three billion by what you would expect

wages to be they have 121 000 employees

so this makes sense Seagate digital the

uh hardware company for like storage

drives they're high uh firing 3 000

people upstart is getting rid of 140

hourly employees Airbnb is doing well

but talks about how they have a Navy

SEAL style group of employees and

they're working their employees harder

basically it was what they're saying and

the creator of NBA Top Shot just

announced laying off 22 percent of its

Workforce along Robin Hood also looking

at rapid cost reductions while at the

same time as all these layoffs are

happening you still have employees who

have a hard time making and me ends meet

like employees over at Disney world

supposedly the happiest place on Earth

but unions are fighting to get just 18

bucks an hour or about thirty seven

thousand dollars a year in pay with a

full-time job

all of this happening at the same time

as now we're starting to enter what

could end up being called the season of

discounting Aldi and Walmart are now

announcing Thanksgiving price rewinds so

that way society believes the pricing

they're offering is back to 2019 pricing

yeah apparently inflation has been so

bad that if we just compare to 2019 it

actually sounds like a good deal

we have a jobs report coming out at 5 30

a.m California time tomorrow morning I

expect to be covering that live and we

have break evens finally plummeting

thanks to Jerome Powell's insane

hawkishness last night break evens uh

final well I guess I shouldn't say

plummeting but they're moving back down

in Direction which is good in fact if

you look on screen here you can see

break evens finally ticking down after

yesterday's disaster meeting which is

actually a good sign for inflation

expectations at the market level to be

rotating back down it reiterates the

seriousness of the federal reserve's

work and usually Break Even inflation

rates forecast what inflation is going

to do about three to four months out so

we're at that three to four months out

now where we should be seeing about that

June drop in inflation break evens show

up in the CPI report coming out next

week that would be wonderful and would

be quite bullish for markets but we

don't want to talk hopium we want to

talk reality and the reality is

all of these layoffs are absolutely

wonderful the more of these layoffs we

see the more of these people either go

on unemployment but probably you don't

want to have big gaps in your employment

because if you do get laid off you

should get a job as quickly as possible

not try to Coast on unemployment but get

a job as quickly as possible so that way

when you try to go qualify to buy a home

in one or two years when the housing

market gets to a lower level you don't

have a big gap in your employment so if

you get laid off go get another job and

most people will probably get another

job if we get millions of people who get

laid off but then pick up a new job

thanks to all these job openings we

could finally see the job market come

back to balance but before we get into

the next part I want to thank today's

sponsor Mumu Mumu is an advanced

One-Stop trading app that makes it easy

for Traders to do any and everything

that you need one of the main reasons

MooMoo is amazing over other platforms

is because they offer the ability to

trade globally meaning I can trade in

Hong Kong and the US markets all from

the same platform no log into other

platforms what a headache MooMoo also

offers industrial chains at which

provide a detailed picture of trending

Industries like semiconductors or EVs

and I don't like headaches that's why I

like MooMoo keeping things simple they

give you access to heat Maps as well so

you can easily visualize Trends from the

entire Market at a single time and trust

me when I say these types of

visualizations offered by MooMoo make

understanding market trends so much

quicker MooMoo also gives you real-time

quotes so you can be sure the price

you're seeing is an up-to-date one this

feature is especially useful when you

want to make sure you have up-to-date

pricing again earnings foreign markets

you name it you want up-to-date pricing

and after hours is a great time to have

update pricing it also helps you predict

open market Direction and allows you to

act quickly on news that occurs when the

exchange is closed so sign up by my link

Down Below open a new MooMoo training

account and get 10 cashback for every

100 deposit that you make up to 50 bucks

totally for free use the link so what

are we expecting at 5 5 30 tomorrow and

then what should you do about it well 5

30 tomorrow we're expecting a 195

000 non-farm payroll jobs that estimate

has actually been revised down

unemployment rate to move up one tenth

of a percent to 3.6 averagely average

hourly earnings excuse me point three

percent stable year-over-year inflation

for wages 4.7 percent and we're

expecting labor force participation at

sixty two three if we get any kind of

number basically with the change in

on-farm payrolls above like 225. people

are gonna be nervous now we're hearing

about all these layoffs and

unfortunately this government data is

just so freaking slow it's frustrating

because we know inflation now is

trending down we know jobs are trending

down but

it takes a time for it to show up in the

data I hope we get some glimmer of hope

tomorrow and if we could just get a

bullish number like 80 000 jobs created

and then all of a sudden it's like oh

the economy is softening oh and then the

next three reports be like that oh man

we're going to the Moon

and layoffs help us get to the moon what

are we seeing the fact of the matter is

if right now today you open up a private

browser and you just type in cnbc.com

look at the headlines Amazon pauses

hiring stripe lays off Lyft Cuts 13 of a

Workforce NBA Top Shop maker right like

everything is about Job Cuts today and

it's a good thing this is literally what

you want if you are bullish about the

future of America and it sounds crazy

because it's like how could you say that

in one sentence like oh let's be bullish

on America but let's see people lose

their jobs they just gotta go find

something else that's the way it works

but those job losses are exactly what we

need so we could finally get weaker job

reports and we can finally start seeing

a reduction of the risk that a wage

price spiral forms which ends up meaning

that we have to get Paul volckert where

Jerome Powell raises interest rates not

from four percent to five percent but

from five percent to ten percent that's

when we go into a really depressing

depression so these layoffs are exactly

what we want to see in layoffs usually

lag a recession that is you get layoffs

and the unemployment rate tends to go up

with a lag in a recession these are

probably the lags that Jerome Powell is

expecting to see and this is a good

thing now it's good for markets again

it's bad when people lose their jobs but

my recommendations for everyone whether

you're somebody who might get laid off

or you're somebody who has a stable job

or the following make sure you do

whatever you can to quickly transition

to a place of employment security

because I believe there's a high

likelihood

we could see the unemployment rate rise

to a level where when a lot of people

get laid off and take the job openings

when the next round of layoffs come it's

going to be even harder to get that job

and soon we're going to be moving into a

market where it's harder and harder

harder to actually find a job whereas

right now there are plenty of jobs so

the best thing that could happen to you

is you get laid off now while it's still

easy to find a job but that will flip in

time and when that flips and reports

start realizing that is like the jobs

reports and CPI reports start realizing

oh okay the fed's work has successfully

slowed down the economy now inflation

can move down which tends to be the most

lagged result is inflation going down

then we can go back to being bullish

about markets but as an individual this

is the time to save money to build cash

to stay at a margin to build security

you have to make sure you feel really

comfortable in the job you have right

now because you would rather leave now

than leave when times are really tough

and then it's hard for you to get

another job that would be the worst case

scenario right so you'd rather

transition now or make sure you're

secure at your job now if you want to

make sure you're secure at your job now

ask her a little bit of a pay bump you

know assuming you've been at your job

for a few years right you don't want

your first year to start making demands

or whatever but assuming you've been at

your job for a few years already maybe

now is the time to ask for a little bit

of a bump and usually when you ask for a

little bit of a bump even if you get a

no you'll get some kind of indication on

how much the company values you based on

what they tell you for your expectations

of when you could expect a pay bump

right so you want to see how valued you

are and that can help you determine okay

how safe should I feel here right so

save money check your safety also build

a side hustle of income I've got a whole

course coming out soon uh all about

Elite it's gonna be called the elite

Hustlers University and it's all about

uh building your income and how we can

build more sources of revenue and better

sources of revenue and take advantage of

business and city tax deductions tax

benefits associated with side hustles or

more income or multiple lines of

businesses everything llc's S Corp C

Corps you name it we talk about

everything it's gonna be really really

incredible comes out later this month

but but really the message I'm sending

to you is not like a sales pitch because

it's not available for sale yet but it's

a message of like Get Ready for doing

those sorts of things in your own life

so staying out of margin but also

building up your security building more

income that side hustle income so that

way you could be prepared pay a little

bit more in taxes now so you could

qualify for more real estate next year

that's what you want to do that should

be your focus

qualifying for Real Estate getting into

real estate and really maximizing your

opportunity to invest not only in

yourself but also during a recession

even if that means taking a slow time

like the holiday season to get some

licenses to increase your actual value

as an individual as a human as an

employee as a as an entrepreneur those

are important things to pay attention to

so me my big summary out of all of this

is all of these layoffs that we're

seeing in my opinion first of all

they're all late these layoffs should

have come like six months ago but that's

okay better late than never I think

though we're going to see more of this

this holiday season might be a little

bit of a disappointer for a lot of these

companies and the fact that we're

starting to see Aldi and Walmart talk

about rollbacks to 2019 prices is

disinflationary and is probably going to

lead to lower revenues which will

probably lead to even more layoffs and

I'll tell you when the layoffs are

probably going to be pretty nasty

probably going to be q1 right after the

busy holiday season for a lot of

retailers and merchandisers where they

get their big sales in and then they cut

big in January yikes red flag for you as

a worker if you're at one of these

companies big green flag if you're

looking to invest in companies that are

refining becoming more efficient and

you're looking for a reason to believe

that the jobs Market will soften such

that the FED can finally take the foot

off the brakes that they've slammed on

so to speak anyway my thoughts on all

this madness thank you so much for

watching check out our sponsor link down

below and we'll see you soon in the next

one thanks good luck bye