Rebels Edge · Tue, Jun 9, 2026

SpaceX IPO Mania Is Breaking Wall Street

Summary

The hosts discuss a sharp intraday reversal in the Nasdaq, weakness in semiconductor and AI stocks, and speculation that investors are raising cash ahead of an anticipated SpaceX IPO. They also review earnings, oncology acquisition activity, and SailPoint’s selloff before closing with baseball, college-football gambling rules, and NBA Finals commentary.

The Nasdaq fell roughly 1.7% after an early rally; the hosts speculate that large-holder selling and IPO-related fundraising contributed.
WTI crude dropped about 4% to roughly $87, while the VIX fluctuated between approximately 18 and 20.
The hosts challenge low prediction-market odds of SpaceX joining the S&P 500 during 2026; John says he intends to bet on inclusion.
Smucker rose roughly 12% after adjusted earnings of $2.77 per share beat expectations, despite a small revenue miss.
The hosts report a $10.6 billion GSK acquisition of Nuvalent and speculate that competitors could examine Tango Therapeutics following encouraging cancer-trial results.
United Natural Foods fell roughly 15% following declining sales, a revenue miss, and below-expectation full-year guidance, despite improved gross margins.
SailPoint sold off despite beating revenue and earnings expectations; Pete would watch for unusual options activity before considering a potential rebound.

MRVL MSTR QCOM AMD APP AAPL NVDA GOOGL SJM NUVL GSK TNGX UNFI SAIL

Full transcript

Welcome back to a very exciting Rebels Edge. Exciting because we were in the green across the board and now there's only one indicy that's still in the green. We'll tell you why we flipped to the best of our knowledge anyway in the last half hour right after this on
today's Rebels Edge.
[music] >> [music] >> And there she goes.
>> There she goes.
>> Wow.
>> Uh that was pretty big flip, Pete, today.
>> It was >> I mean I I didn't see it coming. Um, I thought that uh, you know, from Friday that those hedge funds that were selling so aggressively in the chip names on Friday were getting ready for some of what we're seeing here today. But after
yesterday, I thought maybe it was an all clear even though we didn't recapture all of the losses from Friday by any means. Nonetheless, it was, you know, a nice little comeback and now perhaps people have been raising money here. um before the SpaceX IPO. That's a real
possibility. But it just seems more and more like somebody out there with a very large holding is really hitting these uh AI and semiconductor stocks. And that's why the NASDAQ is leading the charge to the downside here.
>> The Dow is only down less than half a percent, but the NASDAQ was down 1.7% like that. Pete, >> unbelievable. I mean it really really uh you're exactly right the way it was hit.
Interesting to see that. I mean some of the names John that are pulling things down for the NASDAQ is names like Marll Strategy Qualcomm. Shoot you can go through a whole bunch of AMD. So it's it is getting hit pretty good. Apple loven is another one there. It's getting hit.
It's a it's a pretty amazing trip that we've already been on. We're only shoot a little over two hours or thereabouts uh you know into the trading session and here and here we are. I mean NASDAQ was absolutely sprinting to the upside. It ain't sprinting to the upside anymore.
That turn uh was a turn and burn to the downside and it's uh you know what I think you're probably right if you're you're you're talking about why they're doing it. Maybe they are looking to try to raise some money. I mean it it would make some sense based upon what we're seeing in terms of IPOs that are going
to be coming out that are um getting a lot of conversations going I think on all the business networks for sure.
>> Yeah. Well, I mean it it is what it is Pete and uh maybe it's partially this report that social security may be depleted by 2032.
Um, >> yeah.
>> And, uh, that's a new trustee reporting that. And boy, anybody who's been watching this for the last, I don't know, 30, 40 years knows that the money ain't there. That they keep robbing Peter to pay Paul. Yeah.
>> Meaning, they keep tapping into that social security and putting it over here to pay for whatever. Um, you know, it's uh I I think anybody who's really thinking that after 2032 they're going to be uh getting what they paid into Social Security might be sadly mistaken
or at least not getting what they thought they might get, which is why I started taking mine last year.
[laughter] >> I need to start. Shoot.
>> Well, you're not old enough. I guess you might be able to, though. [laughter] Well, oil down 4% today, folks. Other than the NASDAQ flip that we just were speaking of, um I'll say oil being down 4% with an 87 handle. That's uh the
macro that I would normally say, Pete, other than this big flip in the NASDAQ.
How about you?
>> Yeah, that was I was prepared for it before this NASDAQ move that we suddenly got because earlier in the in the session, NASDAQ looked pretty damn good.
things were moving to the upside in a nice way and then all of a sudden the carpet gets pulled out and they're dropping like a like a dog Mr. quality.
But um yeah, it's interesting to see John with WTI down what 4% or something like that. It and it's, you know, it's something we like to see. This is the one time that uh we've seen this where we're seeing the crude go down and I'll jump ahead a little bit to the VIX and you're wearing one of the VIX hats, but
you look over at the VIX, it it was there. It was trading around 18. It popped to 20, came right back down underneath 19. And now because it's getting hit even a little bit harder the market that's why I think we're seeing uh the VIX itself get back up towards 20 again which is something that you know few days ago we probably wouldn't have
expected to see the markets with a 20 handle uh in terms of the VIX but that's exactly where we are right now. Could it shift around and move right back into the low 18s? I think it could, but um it's going to take a little bit of movement maybe in the positive way I would say for some of these names that are just getting hammered right now,
John, on the NASDAQ side.
>> Yeah. Well, let's take a look at a prediction exchange then after the VIX there, Pete.
>> Um prediction exchanges, the SpaceX IPO.
Um and keep in mind, folks, we had to pick these ahead of time or I would have picked perhaps something else. But um as you can see here, officially added to the S&P 500 in 2026.
Uh at one point um it was when somebody proposed this just in the last day or so, it was up as much as uh 68% chance.
Now apparently they've dropped it to 29% chance. And I don't know what they're smoking, Pete. I don't know how you have the biggest cap stock uh in a forever because this is the biggest IPO ever. I don't know how you have the biggest uh
uh stock in one of the most exciting areas of the S&P uh that is space both exploration, communication, perhaps even mining and all that. Pete, I don't know how it goes down to a 20% chance.
Really? Have you guys looked at the 500 stocks that are in the S&P 500? Do you really think a lot of them other than the top 30 or so stocks, Pete? Do you think any of those should be in instead of SpaceX? And I'll say f no.
>> I think you're right, John, but I would just try to get in the head of those folks that that have pushed this thing all the way down to 20 21% whatever it might be right now. I would I would say that maybe they're just looking at the calendar. Maybe they're just saying, you know what, it comes out in the IPO. You probably don't rush to put anything
IPOed into the market into the S&P that is um maybe for you know a number of months until the things kind of smooth out and it gets a little bit easier. But u that would be the only thing. And I'm not saying that I I believe that. I'm just saying that's the possibility that somebody else must be looking at because
I'm with you. I mean, something that's gonna what $1.7 trillion dollar market cap or whatever it is, John. I mean, it's uh let's be serious. This is uh this is going to be big. And if anything goes into the S&P, you would think that this name might be pretty high on the list.
>> Yeah. And it's a cap weighted index, folks, which means of course that the capitalization of the company going into or that is part of the index um has a waiting uh that is based on how much is the capitalization. And again, there are
only two or three stocks, Pete, that are over this one right now.
>> Apple and uh Nvidia are two of them, and Google's number three. So, you're really telling me that uh this one at number four wouldn't be in the S&P 500. I'll take the other side of this bet, right?
I don't even know if anybody will take it. Uh but I I'm going to try to go on to Poly Market and do that because I think this is a bad bet by whoever thinks it's only a 20% chance. Keep in mind it's not like based on oh by the end of this month IT'S THROUGH 2026 the rest of the year seven months almost.
>> Yeah.
>> So anyway that's where I am with it people.
>> Let's take a look at Smucker SJM. It was up 7% 8% 10%. Now it's up 12%. Quarterly earnings um 2.77 a share. Uh that's about 12 cents better than the street was looking for Pete and um about you
know in the neighborhood of 40 cents better per share earnings than last year at this time. So I'd say Smuckers is doing pretty well. And of course that's why the stock is holding on and building on that gain that I just spoke of. Well, and it it's right there with everything we've been talking about during this earnings season and we've been talking
about for earnings, John, now for multiple quarters in a row where these guys crushed it. They absolutely did everything that that you would want to see. They uh you know, a year ago it was up $2.30 as far as the earnings. Now they're 277, which is they were looking for 265. Um I
would say that you look at it from last year, pretty impressive move. you look at it compared to what everybody was expecting, a pretty damn impressive move. Um, they did miss on the revenues a little bit, John. So, that would be one thing that probably I think if if you want to poke anything at this thing,
you could say that, but it wasn't it was not a big miss either. So, I think people were looking past that and they're they're pretty satisfied with what they see with Smuckers, which is why, like you said, 10% now 12%. This thing is having a pretty nice day post earnings.
>> Well, let's hit this one then, Pete. New Valent. Um, now I know we don't talk about this one a heck of a lot, folks, but Pete and I did talk yesterday about Tango Therapeutics, which had just had a
monster um report on their response rate in pancre pancreatic cancer trials. Um, this one, Nuvalent, is a also an oncology uh treatment and perhaps I'm not going to say cure Pete, but I am
going to say treatment that lets people live longer with that dread disease.
>> And it's going to be taken private. Uh, basically a $10.6 billion deal by Galaxos Smith Klein. Yeah. GSK. So, it gives you an idea that when Pete and I were talking about, well, you think maybe somebody's going to take a look at
Tango next, I would say, Pete, all of GSK's competitors are going to be taking a hard look at that one today.
>> I think you're exactly right, John. I mean, this is a ma ma a massive deal.
It's unbelievable really. 10.6 billion dollars for these for for this company.
So, bringing it private, it's it's amazing. It's it's incredible. you know, the momentum that's coming right now and the cheap valuation that we were getting out of Nubalent um solid, you know, when you're looking at the pipelines that they've got and so forth, it really fits just about everything you could imagine
and it's up 35% for all the right reasons with Quaxos just saying, "Hey, look, we want to own this thing [laughter] and we're going to take this thing in." And to your point, um there's the stock we were talking about yesterday that had an unbelievable move and they were only in phase two, but that phase two numbers
were absolutely extraordinary at one point 92% um and then they were looking at 100% in terms of uh what they were able to do trying to work with the pancreatic cancer. So, um, I would say that people are looking at the cancer side of things in a big way right now for all the right reasons because it is something that,
you know, we all hear about, we all know about it, and it's something that, uh, I think if you can find anybody out there who's having any kind of success, wow, that is worth exactly what it is. And this in this case, it's worth $10.6 billion dollars.
>> Right. Well, um, when when there is no, um, successful treatment for pancreatic cancer yet, Pete, and I say yet because I suspect that whether it's Tango or whether it's Newalent, somebody's going to have uh a a very nice uh revenue
stream for a long time because a lot of people die of pancreatic cancer and again there is no cure, right? Um, so, uh, thank goodness that there are people out there spending the billions of dollars that it takes to get this across the finish line. And certainly, uh, Galaxos Smith Klein, uh, has those
billions to still spend, Pete. Um, but let's switch gears over to, uh, United Natural Foods, UNFI.
Uh, this one down hard, Pete.
>> Earnings 77 cents a share. So, that was in line and that's okay. And then the other part of it, how much revenue, how much revenue, easy for me to say, did they have 7.7 billion down over 4% year-over-year and they missed by over a
hundred million dollars in sales. That's why this one is down hard on double full session volume just in the first uh three hours of trading today, Pete.
>> Yeah, it's pretty amazing. I mean, the fullear guidance was below expectations as well, John. But the one thing they had one positive that I could pull out of this thing and I and I had to search and and I don't think it's it's probably not why it's getting that little bit of a a lift. It's probably getting a little bit of a lift because people sitting are probably thinking that's enough. Uh the
selling that might be enough. But u the gross margins, John, they were up, you know, to 13.6%.
So that was something that, you know, I was always, you know, I always want to look through, hey, what was the worst thing? What was the best thing? Well, that was the best thing that I could find. But to your point, I mean, there's a good reason why this thing is down 15%. When you come in line and you miss on the revenue and so forth. U not so great so great, that's for sure. And net
sales decreasing the way it did, like you said, 4%. So, um, a lot of negatives in there. I just found one positive that might be able to give them a little hope for the next quarter or so. But other than that, yeah, that UNFI is um they're they're under some pressure today.
There's no doubt about it. Well, let's talk about cyber security and uh uh a stock that's getting hit today uh hard even before the sell-off started for the NASDAQ and that's Sailpoint S A I L was down 12% in the pre-market, Pete. Um the
stock continued to be hit. Um still down about 12% yearover-year.
It was 24 a year ago, Pete, right now.
And right now it's 1550. Um, so in other words, it ain't been a great year for these guys. Um, and that's not a year-toate number. That's yearover-year.
Revenue did grow, however. It's up 22%.
So, that's a good thing if you wanted to hang your hat on anything and say that maybe after this big sell-off took it down, you know, $9 from last year's high. Uh, maybe it is worth taking a look at here. um because topline bottom
line numbers both exceeded expectations.
>> They did. Uh there is some more negatives that do come with this whole thing. The soft earnings outlook that they've got. They also, you know, the operating loss that they've got, they were looking for 80 million or 40 million, but they actually had 80 million in losses. The deceleration of growth is another thing I'd throw at
them. Um but to your point, they did uh they had some strength in certain areas as well. So, um, is it beaten down enough? Probably is and probably can make some sort of a turn. This is one of those where I like the company. They did some things well enough that I think it's worth probably keeping a close eye
on it. And if we see some UOA, um, unusual option activity for the people who don't know, um, this one would be one of those where if we saw that, John, I'd be pretty interested in it because I do think this thing could maybe make a bounce. It was soft as far as the outlook. As I mentioned, it's not like they were awful. It's just a little bit
soft. So, um, you know, I think the opportunities are there and these guys maybe could make that turn um next quarter and if we see some of that unusual option activity, uh, we'll we'll start thinking even more about that.
>> All right. Well, um, another interesting video today, Pete. Yesterday it was the Hurricanes um playing uh and uh that Las Vegas Knights and the Hurricanes, Carolina Hurricanes. This one is a guy that Pete talked about already because
he's I think got the top 10 highest speed pitches in Major League Baseball.
But a former Major Leager, Pete, is now going to break it down why it ain't just the speed uh that makes this guy so scary. So, let's take a look and a listen.
>> I face some of the hardest throwers in baseball, and I'm going to tell you why.
This kid is different in 60 seconds.
Jacob Miserowski is 6 foot7, throws 101 to 103 every single pitch, and just put up a 23 RA in May with 57 strikeouts and six starts, one earned run in 38 innings. But here's what makes him
unable, not just the velocity. I faced Deg Grom, Chapman, Sale, Cole. Pure gas doesn't scare big league hitters anymore. What scares you is when a guy releases the ball seven and a half ft closer to home plate than anyone else in baseball. That's a 100 [laughter]
percentile extension. That means his 102 plays like 105. You lose two to three ticks of reaction time.
>> That's why that's man difference between a foul ball and a strikeout. Extension turns throwers into pitchers. And here's the thing that should give every young arm hope. Mr. wasn't throwing 103 in college. He was mid 90s at a non D1 program. Nobody recruited him. He got into the right system, got the right
coaching, learned how to use his body, and became [music] this. Development is everything. You don't need a pedigree.
You need the right environment and time to grow into what you can be. So, if you're a young pitcher with velocity, here's what I'll tell you. Learn extension. learn to command the baseball, harness the gift, and become a pitcher because that's when elite becomes untouchable. And right now,
Miserowski might be the most untouchable arm in baseball.
>> I think he is >> some of the hardest throwers in baseball. And I'm going to tell you, >> he is he is one of the hardest throwers.
And he's control, Pete, >> because like he said, 56 strikeouts in May >> in five starts or whatever it was. So, you're averaging 10 or 11 strikeouts a game.
Come on.
>> Unbelievable. I got a good buddy whose uh son is a pitcher, John. He was at Miami and then he went to uh Arizona and I think he's around 6'8 as well. And I don't think people fully understand when when you have that kind of length and your arm length is there as well. Like
he was just talking about 103 is 105.
Well, this guy's in about the 100 range.
Not consistently like this though. This guy's special. This guy, he can throw a plus hundred on every pitch if he really wanted to. That's why it's got to be amazing if you're a batter because what if he just decides to slow down just a little bit now? All of a sudden, you're all ready for this 100 mph thing and and he's throwing you an 85, you're probably
swinging.
>> You're way out ahead of it. Exactly.
>> Well, >> all right. That was good. That was good.
I like that one. That That kid is really special. Texas Tech football. John, this has become the topic of topics this year >> and you know, obviously we all know about the portal, we all know about NIL, we all know about all these various things, but this kid um has been
multiple places already and Brandon Sorsby um obviously wanted to play because they said, "Look, you had a gambling issue. Uh you're not going to play." Well, they went to a new judge in love and granted an injunction and so he misses the first I think it's two games,
John, but after that he can play. Well, nobody in the Big 12's very happy about that. As a matter of fact, they've come together and said, you know what, we might just not play that game. Now, I can't imagine that they would go that far, but they could. And then all of a sudden, we're we're hearing guys from
the SEC. We're hearing from guys in the Big 10 that are saying, "Hey, look, uh, this is not right. It's not gonna we're not we're not going to stand for it." And by the way, we aren't gonna in other sports other than football, we're just going to say, and Nebraska is another one of those that that stands out who's
been very very uh vocal about this whole thing. They basically just said, "Look, we're not going to schedule them for anything in any sport. Texas Tech is not going to be there." So, uh, what do you think about this whole thing, John? I mean, I, you know, you can understand, well, the kid was a kid and he was an idiot and he was doing exactly what he
knew what he was doing, but, you know, he has a problem and blah blah blah.
Now, he did go to this whole thing um, and went through the process of of trying to shake it, but it already happened. And I'll tell you, I I don't know if the penalty, the two games is enough. What do you think about this whole thing? because betting has become huge. And I'll tell you what, you got to
put a little bit of the the fingerpointing, whether it's in the NFL or NCAA. I think the fingerpointing has to go back to uh some of the folks who have approved a lot of this stuff already anyway. Not not betting on your own games, but just the whole betting of these games. It's gotten a little out of hand, I'd say.
>> Well, um this was an anonymous quote that I pulled up, Pete. So, since it's anonymous, I don't know which Big 12 coach said it. Um, but he said, "If this is the precedent, then I owe it to my players to bring in people from Vegas to teach us how to gamble. [laughter]
Then, collectively, we will need to decide which games we will play hard in order to cover the spread and which games we won't." Now, you know, obviously that's tongue and cheek. Yeah.
>> Um, >> here's what I will say, Pete. Um, the kid did go through, you know, whatever the 12step gambling addiction uh, protocol is.
>> He last did this, according to all the things that I saw, Pete, when he was a red shirt uh, at Indiana.
>> Yeah.
>> And he went from Indiana to Cincinnati, the Bearcats, and now he has transferred um, to this one. So, whoever dug up this stuff on him obviously doesn't want him to play for the Red Raiders because um he's that good. I mean, everywhere this
kid's been at 63 and 235, he's been a winner, you know, with the exception, I guess, of the red shirt year at Indiana, but the kid's been a winner. And uh unfortunately while he was at Indiana and perhaps because he was red shirted
and couldn't play that year he was gambling and you know uh again I don't know if if it was the same time that he was red shirted Pete because all I know is that the charge is that he was gambling while at Indiana and he was he
did play some games at Indiana and then he was red shirted um for others. So he got there in 22, played 10 games, seven starts um and uh uh in 2023. So I didn't know was what if he was doing this Pete
when he was red shirted. Is there he couldn't impact the game, right? I mean, this is not like he's saying, "Well, you know, I um >> threw a pick >> threw a couple picks on purpose so we'd lose or something." If Now, I don't know, but he was red shirted in 22. Was
that when he was gambling or was it when he was playing with seven starts in 23 and he threw for 15 touchdowns. Didn't sound like he was throwing too many games, >> right, >> at Indiana and certainly not at uh Cincinnati. and he's not even accused of anything during that time. So,
>> do I think if that's the case um that I would give him a chance to play again if I were the NCAA or the judge? And I'd say I would. I would. Um because these, you know, you can't be just a little bit dirty, right? Um, if you're taking money
from FanDuel and all of these, you know, MGM and everybody else, which it seems like all sports are, >> you know, they're not they don't have FanDuel logos on the on their uh shirts yet for college, but that's coming.
Trust me, that's coming, Pete. So, if that's something that you guys want to dance with the devil, I don't know how you all of a sudden say to a kid that perhaps was uh gambling three seasons ago. Um, and maybe even when he was being red shirted, I think twoame
suspension is enough. But if these guys say, "Hey, we don't want to play him or anything else." Okay, look in the mirror, guys. How many guys on your team have DUIs or rape charges or anything else and you think this is worse than that, >> you know, and you're letting those guys play?
>> Okay.
>> Yeah.
>> Okay.
>> Yeah. It's a it's a really really a tough thing because this guy was one of the if not the biggest name in in the you know the whole you know trying trying to figure out where you're going.
Yeah. So, you know, it was amazing when they signed him and now, uh, you know, this has really kind of turned into something really bad. Guys are, "Oh, it's disgusting. It's this, it's that.
It's whatever." All right, John. Last night, the president was there, the Knicks, the Spurs in in the Garden.
Pretty classic. But I'll say this. Why did they lose at home? They just went on the road. They steal two games right down in San Antonio. So, the Knicks are sitting there feeling pretty good about things and they didn't they didn't play great. As a matter of fact, I I'll put
it pointed at one guy, big cat, for whatever reason, and this has happened before where, you know, unfortunately, he gets a slump. A lot of people do, but we were talking about this the just the other day, John, that, you know, if you got Wimby out there, he stepped up. He stepped up in a big way. 32 points last night, eight rebounds, and three blocks.
That's not such a bad game. And I think that's what carried the Spurs, but unfortunately for the Knicks, Big Cat just really struggled. He uh in game one, he was 46% shooting 18 points. Then he was 66% shooting 21 points. They won both those games. He lost, they lost
last night, but he was shooting 40% and had 11 points. And Big Cat needs to be the big cat that he was in the first two games. if he can get back there. And by the way, the last time he had a game that bad was uh against Philly on May 8th and he had the same sort of thing,
40%, his numbers were down a little bit, but I'll tell you what, this could follow up into a game four like it did last time for him where he was 71% shooter and 17 points. That's what they have to have happen. So, do they have to be panicked about anything else? No, they just need big cat, John, for the
Knicks. And if he can do it, I think they can slam dunk this whole thing.
What do you think?
>> Absolutely. Absolutely, Pete. Um, he can't go in the tank two games in a row.
Um, and certainly in those first two games where he basically averaged 20 points and like 12 rebounds or more and four assists, that's that's a man's job right there. Now, in this one, um, he didn't he, like you say, he scored 11 points and that ain't getting it done.
>> Um, not when you're playing them this close because they were that close all game, Pete. The Knicks were >> I mean, the Knicks were, you know, I would, you know, be watching and it was 86 89 and then the Knicks would tie it and then it's 92 uh 89 and the uh Knicks
would tie it again. I mean it was just back and forth like that. It was almost who is going to get the ball last. Yeah.
But if he scores 20 points they are winning going away Pete. But instead you know he had two blocks. Okay that's good. But how many did Wimi have? You know his usual and that's the problem.
You know they got to put a big body on Wimi. um when uh we saw OKC do that and uh that the games the subsequent games when they put a big body on him he would not be as good in the next game as he was in that game where the big body was
on him whether it's Homegrren um chat or whether it's the other guy Pete the big white center um but man uh I I I I like it better as a two to one series right now than I'd like it if it was three zip because damned hard damned hard to come
back from three. But two to one means it's going to be a dog fight.
>> Yeah. Well, and then, you know, in the second quarter they dropped 42 points. I mean, you know, the Knicks were on fire and then it kind of went back over to the, you know, the other side of things and the Spurs came back and you get Webby out there. You're exactly right.
You got to put a big body on there and just move him around. I mean, look, it's not being unfair. it's just part of the game or whatever. Sometimes you got to be a little bit more physical and if you had some big body on him, he's going to wear down, but they did the right thing.
The coach did a great job of getting him inside where he's going to dunk the ball at 75. It's pretty tough to to block those. So, it'll be interesting to see how everybody adjusts. And big cat's got to make make the shots. That's what it comes down to. He can't be shooting 40%.
If he's shooting 40%, you might as well just say, "You know what? we got to go to the next game because he is that meaningful and he's such a great player.
I watched him forever with the Wolves, the Timberwolves and um great guy. Got to know him a little bit. Walked around the state fair with him [laughter] and I'll tell you what, a lot of looks on that guy when you're when you're a sevenfooter strolling around. That's for sure.
>> That's for sure. Well, let's see what happens next, Pete. And uh let's see what those tickets are going for for all these people that are spending, you know, two months worth of high New York City rent or more just to be in the nosebleleed seats. Forget about the other seats. You know, you're not anywhere near where Trump was sitting
last night. [laughter] >> That's for sure.
>> But uh all right. Well, thanks for joining us, folks. Pete and I will be back tomorrow at 1 p.m. Eastern time.
Encourage all of you guys to join us then. And uh let's uh see what happens with the market and with Wembi in the next couple days. We'll hear a lot about it, I'm sure.
>> All right, Pete. See you tomorrow.
>> See you one o'clock.
>> [music] >> Yeah.

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