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Public.com presents the rundown, your daily market update in under 10 minutes. My name is Zeydodmani, and today is Wednesday, January 14th. In today's episode, we'll tell you why gold and silver keep rallying. We'll also recap earnings from bank of America, Wells Fargo, and Citigroup, then stick around to the end of the show to hear a shocking stat about Boeing. We got a great show for you today. Let's go. Well, stocks had a slightly down day of trading on Tuesday with the S P500 dropping.2% while the NASDAQ was down 0.1%. What's interesting is that half the stocks in the S P actually finished in the green yesterday, but the overall index was dragged down because of a handful of big financial stocks like JP Morgan and Visa, which dropped more than 4%. JP Morgan reported earnings yesterday and investors clearly didn't like the results. We recapped those earnings on yesterday's show, so go check that out if you missed it. And Visa stock continues to slide because of concerns that a 10% credit card interest rate cap might go into place, which would hurt their business. We also talked about that on yesterday's show. Now, something that we haven't talked about in a while is bitcoin. You know, there hasn't been much movement in the crypto markets lately. Bitcoin has been stuck in the $90,000 range for weeks now, but we finally got a pop yesterday. Bitcoin jumped 5% and is back above $95,000 for the first time since November. So we'll see if this finally leads to a sustained rally. Speaking of sustained rallies, gold and silver just continue to surge. Gold jumped another 1% yesterday, BL $4,600 an ounce and hitting yet another record high. And silver is still trading like a meme stock these days. The price is now above $90 an ounce, and silver is already up 25% since the start of this year. Investors tend to rush into gold and silver when there is increased uncertainty. And right now, with the Fed's independence under threat again and increased geopolitical tensions, with everything happening in Venezuela and Iran, it makes sense why the price keeps rising. On top of that, silver has another tailwind because it's needed for electrical components used in things like EV batteries and AI data. So that's also driving up the price. I do think, though, the price is going up a little too fast and it feels a little bubblish. But maybe I'm just coping because I missed this rally. So, yeah, it's a wild time in the markets right now. And remember, earning season is just getting underway, so we'll have a lot to talk about over the next few weeks. So make sure you guys are subscribed to the podcast and tuning in every morning to stay in the loop. Let's run through some headlines, starting with bank earnings. First up, we got bank of America. They be on both revenue and profits thanks to a big jump in trading activity and strong net interest income. Now because of the market volatility in Q4 trading revenues jumped 23% to just over $2 billion. On top of that, bank of America's net interest income, which is what the bank earns on loans minus what it pays out to depositors, hit a record $15.9 billion in Q4, which is up nearly 10% year over year ahead of the 8% estimates. All in the second largest bank in the US saw total revenues jump 7% while profits climbed 12% compared to a year ago. So overall, pretty decent quarter for bank of America. Next up, let's talk about Wells Fargo. The story here gets a bit messier. Wells Fargo missed expectations for both profit and net interest income, largely because of higher expenses. The bank spent more than $600 million on severance costs and as part of a cost cutting plan that including cutting about 5,600 jobs. So the severance cost pushed down the overall earnings. But zooming out though things are still improving at the bank, 2025 was a strong year for them. The stock jumped 33%, roughly double what the S&P 500 did. And more importantly, regulators finally lifted Wells Fargo's long standing 1.95 trillion dollar asset cap, which was a penalty they had put on them for its fake accounting scandal a few years back. So they could continue to see growth in 2026 if they don't have another major scandal. And finally, let's talk about Citigroup. They also reported earnings this morning and they delivered a beat on both earnings and revenue, helped by lighter than expected loan losses. So overall, it's been a busy week for bank earnings and things will continue to roll on this week. Tomorrow we're going to be hearing from Goldman Sachs and Morgan Stanley. Let's shift gears and talk about Netflix. Netflix is now considering turning its bid for Warner Brothers discovery into an all cash offer as they try to fend off a hostile takeover from Paramount. Now REM Netflix already has an agreement in place to buy Warner Brothers studio and streaming assets and not the cable TV business for about $83 billion under the original terms of the agreement, WBD shareholders were set to receive $23.25 per share in cash, plus $4.50 in Netflix stock and also stock in the cable TV business once it was spun out as a separate company. Well, Paramount has come in and offered $30 a share, all cash for the entire company and including the cable networks. Netflix still doesn't want the cable networks, but they are considering getting rid of the stock component of their offer and making that all cash. I think Netflix is hoping that making their offer all cash, it'll lead to less regulatory scrutiny, less shareholder lawsuits, and hopefully speed up the sale. Now, this deal is already facing regulatory scrutiny and backlash from politicians and parts of Hollywood. So I think Netflix wants to close this deal as fast as possible before more headaches come up. Netflix stock is up slightly on this news today, but it's still down about 13% since the deal was originally announced back in early December. I know that Netflix is trying to rush this, but I got a feeling this could drag on for a while. Like I wouldn't be surprised if Paramount comes back with an increased offer. So I don't think this deal is going to close anytime soon, but I still think that Netflix will ultimately be the ones that end up buying them. Let's talk about some stocks making moves today. Shares of Huntington Ingalls are climbing this morning after the company landed a massive new defensive contract. The company's Mission Technologies division won a missile defense and agency contract with a ceiling of up to $151 billion. The government program that this is for is called SHIELD, which stands for Scalable Homeland, Innovative Enterprise, Layered Defense. The government, man, they love their acronyms. The goal here though is to modernize U.S. missile defense and protect the homeland from advanced threats. So this is a big win for Huntington Ingalls. By the way, this company is famous for building aircraft carriers and submarines, the stuff that you see in movies. But their Mission Technologies division builds the software, data and system side of modern, modern warfare. And that's where the growth is at these days. Investors seem to be pretty bullish. The stock jumped 3% yesterday and it's up another 2% this morning. By the way, over the last year, this company stock has more than doubled in value. Now on the flip side, US Cybersecurity stocks are dropping this morning after Reuters reported that the Chinese government told domestic companies to stop using cyber security software from US And Israeli firms, citing national security concerns. The Chinese government is concerned that foreign made cybersecurity software could potentially collect sensitive data and transmit it abroad. So they're pushing companies to replace Western software with domestic alternatives. So as a result, shares of Palo Alto Networks, Fortinet and other cybersecurity companies are down around 2% this morning. Let's wrap the show with a fun fact. Boeing outsold Airbus in 2025 for the first time since 2018, snapping a seven year losing streak. Boeing logged net orders of 1,173 airplanes last year, while Airbus had around 1,000 orders. I got to say, this is a pretty big deal given that everything that Boeing has been through over the last few years. I mean, Remember back in 2018, two of Boeing 737 Max planes crashed, which led to intense FAA scrutiny and a massive hit to their reputation. Then in 2024, Boeing had a door plug blow off mid flight on an Alaskan Airlines plane. On top of that, Boeing has dealt with multiple labor strikes, supply chain headaches, and production slowdowns. The fact that airlines are once again lining up to buy Boeing planes, got to say, that's pretty impressive. Now to be fair, Airbus still delivered more aircrafts in 2025. 793 planes compared to Boeing 600. But those 600 deliveries were Boeing's highest total in seven years. Which tells you that momentum is clearly moving in the right direction. Investors have already noticed this Boeing stock is up nearly 50% over the past year. So I gotta say I'm pretty impressed. And shout out to anyone that bought the Boeing dip over the last few years. Well, all right guys, that's the rundown for today. Hope you guys enjoyed today's episode. If you did and you like five extra seconds, consider giving us a five star rating on Apple, Spotify, YouTube, wherever you listen to your podcast. And if you are listening on Spotify, don't forget to vote in today's Spotify poll. Leave us a comment on Spotify. All that engagement really does help us out and it helps other people find the show. Thank you guys so much for listening, watching and commenting. Shout out to Mike and Connor for all the work behind the scenes and we'll see you guys back here tomorrow.