Analysts believe that US gas prices could soon fall below $3/gallon. This is a big win for US consumers but a huge loss for OPEC+ (The oil producing alliance and all its partners). Why are prices going down, because demand is going down. with a recession looming people are traveling less and this is amplified given that summer is over and all that means that oil is on the decline. 

 

Fast-food workers could be making a minimum wage of $22/hour in California. This is because Gov. Gavin Newsome signed a bill into law that believes flipping burgers is worth $22/hour. Does anyone remember the dollar menu? That won't be coming back anytime soon. CA is in complete disarray. Because as crazy as $22/hour is for a high school burger king employee, it still might not be anywhere close to a "livable" wage. Though that begs the question...is an entry level job at Wendy's supposed to be the type of job that provides for a family?!

 

Amazon tried and failed to produce a Lord of The Rings Prequel. The most passionate fans of Lord of the Rings are typically Christians and LOTR nerds (I, being a LOTR nerd myself say that with the utmost love and respect) because the original author, J.R.R. Tolkien was a Catholic and put so much Christian thought and rich mythology into LOTR. The Amazon produced show is only boasting a 39% audience score on Rotten Tomatoes and this is largely because of the wokeness forced into the show. What a waste of $715M.

 

Bed Bath & Beyond has had a rough go of things over the last two years. They have had such a rough time that some analysts are saying BBBY is a buy right now because the only way to go right now is up. However, things just got worse as BBBY CFO Gustavo Arnal just committed Suicide by jumping from a high rise. Any suicide is tragic and C3 encourages everyone to pray for those who have committed such an act. The financial world is not an end all be all. It is merely a tool that can be used for good or great evil, and we should make sure we never become too attached to it. 

 

The Job market is cooling, and this is good news for the Fed who want to see the labor market calm down. The labor market slowdown will allow the Fed to stop hiking the interest rates. This in return will be good news for dedicated investors.