You can’t make this stuff up

[The beef 675] [I'm an image] "What a time to be alive, you guys." - Jeff Hey there carnivores, Markets were down on Friday after the President’s trip to the hospital. Today we’re talking about exactly what happened. Keep raging, Jeff & Jason [Image] [I'm an image] You can’t make this stuff up Around 1 AM on Friday Donny Politics announced that he and the First Lady had tested positive for COVID. This probably shouldn't come as a shock, but stock futures got [absolutely crushed]( overnight. How'd Friday go? Not too bad, all things considered. All three major indices closed in the red on the day, but the S&P 500 still managed to break a 4-week losing streak. And they've (partially) got POTUS himself to thank. You see, whether it was intentional or not, the Commander in Chief did markets a solid by waiting until after the bell to head Walter Reed. [Live look at President Trump.]( Shock and awe Stonk investors weren't the only ones feeling the heat on Friday. Dudes from Texas with names like Stetson or T. Boone... and pretty much anyone else invested in crude took their lumps on Friday. As if that wasn't bad enough, this was just hours before UT lost to unranked TCU on Saturday... Black gold [fell]( to its lowest level since June on Friday, dropping more than 4%, below $40 per barrel. The good news? Prices aren't negative. So, there's that... So what do oil prices have to do with Donny's diagnosis? Well, for starters, an incapacitated (or worse) President isn't good for business. And not just for the energy industry. But more importantly, POTUS getting down with the sickness reminded investors that COVID has absolutely no regard for human life and that it has no intentions of slowing its roll. And, yeah, that's pretty bad for oil demand. Of course, it doesn't help that Russia and Saudi Arabia continue to hike output. And there are fears that OPEC oil production compliance will be [tested]( by countries facing immense budgetary pressures. So, you know, all of them. The bottom line... As the weekend progressed, Trump's situation continued to improve. The White House even discussed a potential Monday release. And markets liked what they heard... By Sunday evening Dow futures were [climbing](, pointing to a positive open this AM. [I'm an image] [Alternate text]( [Alternate text]( Join Ben Sturgill On Oct 8th at 2 PM ET Live As He Reveals The-One-Trade-A-Day-Strategy That’s Netted Him A 90% Win-Rate. And How You Can Start Using It To Pull Out Money From The Market [Reserve Your Spot Here]( [Alternate text] ☑️ Anybody got popcorn? Regal Cinemas, the second largest movie chain in the US, could be [closing its doors]( indefinitely due to COVID. The postponement of the release of major motion pictures led to a lack of revenue and the potential closing of more than 500 theaters. With what they charge for Raisinettes, how can they not manage to stay afloat? While a final decision to close theaters won’t be made until early this week, the fact that it’s even being discussed is not a good sign. Not just for Regal either. Every theater company has experienced historic pressures after having their doors closed amid a global pandemic. It’s not too late to bulldoze all those theaters and bring back the drive in, you guys. ☑️ To the Hill. Facebook, Google and Twitter will have their day in, uh, Congress again. Virtually, of course. On October 28th, the CEOs of some of the US’ largest tech firms [will testify]( on Section 230 of the Communications Decency Act, a rule that protects tech companies from liability over the horrific sh*t posted on their websites. That includes everything, not just Elon’s tweets. They’ll also cover topics like privacy and “media domination.” Whatever that actually means. The committee voted to subpoena the CEOs late last week. ☑️ Raise up. Airbnb has its sights set on a lofty goal for its IPO. The rental giant is looking to [raise $3B]( via its IPO.` While that seems like a big number, Airbnb has actually seen a nice little uptick in business after the world begins to reopen following a COVID shutdown. You mean people are starting to travel, but still don’t want to eat powdered eggs at a national hotel chain? Color me shocked. As of now, Airbnb is expected to go public in November, after the election of course. ☑️ Overperforming. Elon Musk and Tesla surprised us in a good way for once, [delivering]( more than 139k cars in Q3.. As recently as Wednesday, analysts expected the firm to roll only 137k EVs off the assembly line. Underpromise and overdeliver… and occasionally violate SEC laws, that’s the Elon Musk playbook. Despite the good news, share growth was overshadowed by Donnie Deals trip to the ER. On news of the analyst beat, Tesla shares still fell 5%. 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