In this podcast episode, George Howell and Chris Carbonara discuss various financial and stock market topics:

1. Economic Update: U.S. jobless claims have dropped to a nine-month low, signaling a resilient labor market. However, signs of a cooling labor market, with slower hiring and wage growth, are emerging.

2. Stock News:

  - Netflix is raising prices for its Basic and Premium plans in the US and other countries.

  - Disney disclosed ESPN's financial details, showing revenue growth but reduced operating income.

  - Costco's CEO, Craig Jelinek, will step down and be succeeded by Ron Vachris.

  - Chevron is set to acquire Hess in a $53 billion all-stock deal, diversifying its portfolio.

  - Several American companies are facing bankruptcy due to rising borrowing expenses, inflation, and high interest rates.

  - Some underperforming stocks may be poised for a "mean reversion" trade.

  - The S&P 500 index has dropped below its 200-day moving average, indicating potential future market direction.

  - Microsoft reported strong profits, driven by Azure cloud business growth.

  - Bitcoin's price surged amid optimism about a potential Bitcoin exchange-traded fund (ETF).

  - Chinese stocks have declined, and the Chinese yuan weakened against the U.S. dollar.

3. Moron of the Week: An off-duty Alaska Airlines pilot was arrested for attempting to disable aircraft engines during a flight.

4. Expert Picks:

  - Motley Fool recommends investing in Coupang, a South Korean e-commerce giant competing with Amazon.

  - Barron's suggests considering BMW stock due to its growing electric vehicle sales.

5. Carbo's Picks:

  - Microsoft, following its acquisition of Activision.

  - Marathon Oil for its historical performance and growth potential.

6. George's Previous Picks: Costco's unique pricing strategy and success with items like the $1.50 hot dog.

The episode also includes discussions on regulation changes, a stock game, and a Patreon segment.

Stay tuned to "Stock Gamblers" for the latest stock market news and degenerate gambling stories on stocks.

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