Exclusive Interview : PENN Gaming CEO Jay Snowden

"Expect Our Market Share To Bump Up In The First Few Weeks Of NFL Season"

"Audience Is ~3M Users In US. Wants To Transfer That Audience Over To @barstoolsports"

EXCLUSIVE: $PENN CEO Jay Snowden Notes @theScore

Episode Summary:

A record options expiration todayA huge ETF merger? IVZ STTLCID stock continues to rally

Guests:

Penn National Gaming CEO Jay Snowden 28:00

https://www.pngaming.com/

Penn National Gaming, North America’s largest regional gaming operator, is a highly innovative provider of retail and online gaming, sports betting, live entertainment, parimutuel racing and hospitality.

BENZINGA CANNABIS CAPITAL CONFERENCE

The premier gathering of cannabis entrepreneurs and investors in North America returns for a 2-Day Hybrid Event on October 14-15.

Speakers will include $SNDL and other major Cannabis Companies, for more information visit https://www.benzinga.com/events/cannabis/

MEET THE HOSTS:

Dennis Dick

Twitter: https://twitter.com/TripleDTrader

Mitch Hoch

Twitter: https://twitter.com/STORYInvestors

Joel Elconin

Twitter: https://twitter.com/Spus

https://www.premarketprep.com/

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Subscribe to all Benzinga Podcasts at https://www.benzinga.com/podcasts

Unedited Transcript

Coming to you live from downtown Detroit. This has been is pre-market prep with your host Joel Kahn. And this is a vowel tile puppy here. Isn't it. And Dennis Dick I've. I will buy the stock per pen. Everything that you need to start your trading

good morning, everybody. Happy Friday. Welcome to pre-market prep. Spencer, Israel go out Khan and Dennis. Oh man. Do we have a show today? I am so excited. I forgot to wear my glasses. That's how excited I am. We've got the CEO of Penn national gaming, Jay Snowden on his DRO about a half hour from now, actually.

So very excited for that. We also have an options expiration and not just any ox, any option expiration, a record options expiration. You want to know how much money is an option to set to expire. Today. I'll tell you $3.4 trillion worth of equity options. Set to expire today. $720 billion of single stock options set to expire today.

It is gonna be a day. It's gonna be a show strapping, buckle up, hit the like button. Joel, let's get those charts up and tell us how we're doing. And then after you do that, I want to hear about your incredible evening hanging out with. In synchronization. Okay, man, Spencer, you can't, you can't leave fire it up, man.

I smell I heard up now to never fired up, but I'm fired up. I know this may be a, this may be an epic show. This might be one of the best ones ever. Because we all come below that. So don't do that. No tangents only information. Oh, well, if we set them on a wall, we can, we can, we can beat it. Anyway, we got the charts up.

Joel, how are we doing with this one? Choppy we're down eight half handles, 55, 75. We couldn't get to yesterday's high where we got a triple top and we really couldn't get to yesterday's low in that area, kind of a triple bottom. And we just have a thrashing area right now about 30, 40 handles. So be careful today, it looks like it's going to be at chop fast, screwed down 66 cents.

It's 7,195. Gold takes a haircut day. I'm gone way away from 1800 now up three 20 at 1760 on silver in the green by 13 cents at 2292. Ooh, got a to handle that a Bitcoin down one 15 at 47 38 theory. I'm getting hit a little bit more on a percentage basis. That's down 136 bucks. Add up 4 30, 4 36. So there's a look at the commodities and futures.

Well, what'd you do yesterday? Joel, we missed you on your day off. Well, I got to hear about this dinner cause Joel actually invited the keyboard from Benzinga to his house for dinner. He didn't invite me. We're going to be enough bite me either. The other people get invited to hear about this. Okay. First of all, uh, do you want, do you want to have, uh, can you do a little breaking news?

I have a new favorite person at Benzinga Mitch. You had a week was off debt, uh, while it was. But now you guys have been knocked down to third. Uh, young Erin came over, uh, Missou graduate. He's a producer, a B man. He came in, I invited him fit in right with the family, no sports Spencer. That guy is a sports encyclopedia and he knows horse racing.

Uh, oh, I see you. As soon as he started talking to horse racing out, we around Spencer, we cannot compete when we didn't get the joke that he said about the horse, you know, two weeks ago we were dead. We're dead in the water. Yeah. Oh man. He even shaved and combed his hair. Well, I'm really, really out. I don't know horses.

I hardly ever shave, although I did shave actually. And I never, I don't even own a coal man anyway. Uh, what to services, both services that way in the back, uh, way away from everybody. And it was fine. No one, I taught at people there and then we did the break fast and, uh, boy, it was fun. Um, and just a good lease.

It just cooked up an incredible storm, but people don't want to hear about that. Um, They want to hear about exploration and shop fast the whole week, right? Uh, has been, this is like the week. If you're using stops, you are getting stopped out of everything because it goes up and it goes down and it goes up and it goes down and it goes up.

And if you're fading, you're trading this week, if you're just playing, I'm sure in the reps and I'm buying the depths, you could have played this fire range. The last look at this, Joel had a day like this with this big of a range. And the ranges are very, very eerily similar. I know we get down to 4 44 on the spine.

Now we got down 4 43, 4 44, and it's abide. You get up to 4 47, 4 48. Four days in a row that has worked in a row. I had no eight dye. It, you know, you tested the double bottom, so you thought you were good, right? It's 25 and a quarter 27. And then if I would have been trading yesterday, I would have been looking for that level, like, okay, we're going down, we're going to take it out.

And it goes to 33 and a quarter. I am absolutely. I had no level at 33 and a quarter. Then it comes all the way back up and you trade in the 70 handles. So it's, you know, we'll see. I mean, I like consolidation periods because. You know, they give you, you know, uh, the key to the next move and all that. I don't do this very often.

I just draw some lines on here. I mean, this is just simple, stupid, I mean, come on. Here's the bottom of the range. You hit it a couple times. And then, uh, you made that high on Monday at 83 50. I don't know what the, you know, the spike, uh, equates out to, but I mean, look at that. I mean, that is. This is either the buy the dip.

We're going to bus you 44, 83 50 and Spencer's get a win 20 bucks. Or, yeah, I really needed to take out this week slow. I really need it. And then I think we can tach stop. You know, now I think we could touch 43 50 after that, and then special would be toast on that bat. But you're going to be tell us on the Microsoft that too, because you look at the relative strength and Microsoft market goes down.

Microsoft kind of goes down, but they buy it right back up. We were just hanging out here at the meet a victory three 10 is the price to beat roll. Once again, this is that's stocked by, but unless the market rolls over, that's the only chance I have. I need a market role already. That's why my back is screwed here underneath it created this whole much of underneath the man.

We talk about overhead supply. It's got all this underneath the man every time. People are in there because of the buyer. And they don't understand that, uh, you know, they may see impending doom in the market or something and there they want to be prepared. I don't think they're buying it at 3 0 5 folks.

If you think they're buying it at 3 0 5. They're not, I can tell you that 3 0 5, 10, 3 0 5. I'll tell you. Oh yeah, that must be a bill gates directive. He's out anyways, but, uh, I'm in bad shape on now. You got lucky. I mean, have you ever beat me out of bed? I don't know. I don't know. Glad you moved to Canada.

There's your resistance? Resistances to musicians. So it's taken out. So it's going to have a hard time, you know what stock I was trading last night and I'm out of it now. So I just freely talk about it. Did you see this whole BLI saga Spencer? And we had the short seller given the shirt salary report and saying that this company, you know, saying a lot of negative things about this company, CNBC last night, BLI Joel BLI, we're talking Berkeley lights, a big Kathy holding the short seller.

Who's the short seller. It was a affirmative, it was, hold on a score, scorpion capital. I got to say, when he went on CNBC, I was expecting, you know, cause he used to like sit Tron, Andrew left and talk, man, you know, agree with them or don't agree with them. Can you just kept going on how they called all the companies that all, all the customers of BLI and they don't like the.

I'm like, this is the big research that knocked this thing this much. I'm like looking at it thinking really I'm like you call the customers and they don't like the product. That's the big, negative thing that makes us BLI as screaming short to zero. And then we had a Melissa Lee, uh, on there last night and she's asking, did you cover any?

And he beats around the question, man, the report he beats around and he's like, it's still a long-term, you know, short for us. But he never said, did you cover, you never answered. You didn't cover any I'm like, oh yeah, he covered some. So you can just tell, you could read between the lines like this guy was covering into this report, the stock dumps, and then he covers into it.

I mean, anyways, I know this has been going on for years, but the research, I thought, you know, at least from the interview, I didn't read the reports. Maybe it was more than the report, but from that interview, it was weak. So I like screw this. And my buddy at bright was saying the same thing. I'm buying it on this because one, it really sold off hard on it.

And two, I think Kathy will load up. Did she buy any last night? I was like, you know, here's the one of her holdings. So I don't know. I never looked at the ERC report from last night, but I was just, you know, imagining Kathy saying, yeah, you know what it wants to tank like that we'll buy more. And so, yeah, she loaded BLI last night.

So, and that was from my buddy. Just saying he's like, I bet you Kathy loads up too, because whenever something goes down big, she loads up. Yeah. She bought 479,000 shares yesterday in our main fund. So, and then another 178,000 and the arc G funds. So she did load up yesterday. That was a big. So anyways, I already sold it this morning, cause it's already trading up.

I bought around 22, 80 or something or $23 last night, it was down 80 cents on the interview. And I didn't, it was already trading up and I sold some last night and I sold the rest of it earlier this morning, just for the quick snap back. So I'm already out of it, but you know, a couple bucks on it. It's a good trade, obviously $20 stock.

But my, my thinking this was one, it, the interview didn't come off. He didn't come off strong in the interview. So I thought that might buy back. And then two, um, my buddy making the point that Kathy might actually buy this, you know, like by Maura, she buys it if she might load up and I'm like, yeah, that's right.

She probably will. So anyways, low-hanging fruit there last night, BLI does snap back 7% here this morning, but I thought that the, you know, the interview is really weak from, from that. Uh, twenty-five 14, uh, that is your current price. Uh, just big volume day yesterday on the down day, the thing has been getting beaten up, uh, 25 91 though.

I mean that, I see, you know, air up to 25 91 on this one, because that was a hide from yesterday. So I don't know the longer it takes to get up there. Take that out. You got some room above that, but, uh, it could roll over again. The closes that way down there at 2363. So, you know, just at the highs of the pre-market session, I not getting to yesterday's high that's my only, the target price is zero.

It's going to say they call lights. What kind of lights and I, and all agree. You know, some of the analysis that the end part of this interview is better. Some people defending the person, you know, the end part of the interview is better because then he started to get fundamental and he started to say, it's trained 27 times.

You know, here are the customers don't like and always putting it all together. But there was this in the beginning of the first five minutes, the interview, it was this focus on unsatisfied. I'm like, well, it's not illegal to have unsatisfied customers. So I don't know if he was saying there's anything illegal if you're just saying, you know, um, I'm not sure exactly, because I didn't read the report, but it just came off that it just didn't come off.

Like it was like, whoa, you know, this company's doing a whole bunch of stuff and yes, they have called some stuff, right? Yes. QS, they got, you know, rate scorpion did on that. But overall, I just thought the interview is weak. So sorry. It was my opinion titled to my opinion, I thought it was weak. I think the rally is stock rallied.

It did rally right after the interview on it. So obviously other traders had the same opinion I did. I wasn't the only trader that bought it. And then I know Kathy loading up last night, which was predictable. That was predictable because she buys she's buying it all the time. And now you get a real tank yesterday.

And I mean, it died yesterday morning going from 25 91 down in 1921. So you're talking about a 20% fall, highly predictable. That the ultimate by the dipper was probably going to buy the dip on beyond. So now I don't know, like going forward, the low-hanging fruit, I think was buying it last night. Okay. All right.

That's the answer, your question. They don't, they don't do lights. They're like a cell biology comp. I have no idea what that yeah. Biology company and I'm not, it's not going to my long-term portfolio. I'm not, I'm already out. I already sold. So I'm like I just telling you about the trade and showing you different opportunities and different edges, you know, and that's a Cathy edge combined with just watching the analysis on CNBC, you know, and analyzing and saying they just knocked this thing down 20%, you know, on this report, you know, and is it, you know, overdone sometimes, but you know, the, the interview just didn't come off strong.

That's why we got it. We got a triple D set up.

I want to hear about it anymore. My wife and myself a lot too. You want to talk about options expiration for a second, because it's going to be a big, a big one today. There also is a very small P rebalance. The only stock being added. To the S and P 500 today is ticker tech, T C H it's replacing analog is analog is getting bought.

So, so ADI is off the board. So they're bringing in the news, a new stock to replace that TCH has going in. But in addition to that, we have often expiration, as I said, um, it's going to be a big one. There is, there is $3.4 trillion worth of equity options set to expire today. It means fireworks at the close is what that means.

Fireworks maybe at the open too. Don't be surprised if we do see some significant imbalances here this morning, I can give you an early luck and they are huge to the buy side. Like, I mean, immensely huge now again, on options expiration. When we look at opening imbalances, they flip-flop, they do a lot of things, but just to give you a taste, just to taste, I'm looking at like USB 455,000 to buy its max indicated price.

I have so many stocks max and the Katie price. People probably don't even know that exists. There's a Mac. Indication price. What's that mean? It's the projected opening based on order flow right now. Now this, these opens aren't going to happen, but they max it out. And why it's this number on New York stock exchange?

I don't know, but the highest a stock can be projected to open is $4,294 and 67 cents. I don't know, but that is what the system allows. So the New York stock exchange system. So I have right now Lilly projected opening $4,294 and 67 cents. I have lows projected opening 4297 cents. People projected opening $4,254 and 67 cents.

Obviously these stocks are not going to open up there. What's going to happen is, and what imbalances are really Forrest to say, Hey. We have some huge buyers here. We need some sellers to help us out. So they're calling for short sellers to come in and help them out so that you don't have it stock just gapping up ridiculously.

Now again, we know that one thing could come in and say, okay, well Lowe's has 208,000 to buy. I'll sell 300,000. And then the buying bounce would go from 200,000 down to minus 100,000. So anyway, this is the stuff that we use a bright train. This is stuff that, you know, all the prop traders are using. This is stuff I'll set it down and all the other companies are using to try to get an edge.

We have more, you know, we're just using the publicly available information and trading with it where, you know, when you got your Robin hood account and you're looking there and saying, oh, I think the stock is going to go. I have a lot more information right now. I can tell you that. Bye imbalances out there.

So these are disseminated right from the floor in the NYC feed, like I've said before, interactive brokers has this information for free. So if you do have an interactive brokers account, you can get this. I don't know if a lot of the other retail platforms do, though. I would say, just contact your broker.

They may just charge you extra for it, but contact you. I think a lot of them probably don't have it, but some of them might, but you know, when you're getting trading for free, you don't get all the bells and whistles. So, um, you know, that's, you know, that, that's why I pay for bells and whistles. You know, I pay it like I'm running, trading as a business.

This is my only job, you know, besides doing the show here. This is my main source of income is my trading. So I need information. Like you just imagine starting a business and you're going to spend nothing and expect to make something it's absurd. That's why I said at a minimum, you should go get the benzo.

You know, like it's cheap enough, you know, at least you have some information then, you know, spending a hundred bucks a month is not, you know, you know, anywhere absurd. I spend thousands of dollars a month on information. I've subscribed to everything I can because you know what information, you know, whatever is publicly out there is valuable.

So I subscribed and I subscribed all, you know, all the scanners and all the other stuff. So I spend thousands of dollars a month. So, you know, I have to make, you know, and it used to be even higher than that. But I think, you know, probably two to two to $3,000 a month, I spend in just information that's quotes, you know, expanded, quotes the box, everything else.

So, you know, my break even is like two or 3000, but I just think I can imagine a business. You start in a business and you're like, I gonna to spend nothing and I don't want to spend any money. I'm gonna spend zero. Well, how do you expect to make money? Not spending anything you're starting a trading business.

Got us some money. Eight o'clock. Yeah. So look at it. Look what this boozy did there, right there. Right. See that lift that we got. Coming up started dig right there. We were hanging out near the lows of the session. So those are, those are machines, uh, keying off the, yeah, it's not surprising that spies for lifting at eight o'clock when all these by imbalances hit the board.

That's that's not a coincidence. It's not like, oh, all of a sudden on these days you have sometimes the futures lead. Sometimes the stocks sleep, everybody, every futures trader thinks the futures lead the market. Every stock trader thinks, oh, stocks. See the market. I'll tie it to combo some days, a lot of days.

Cause overnight the futures are trading. A lot of days, futures are leading. I would say majority of the time futures are leading, but on this day at eight o'clock Eastern, when those imbalances come out, they will move the future. When you have every S and P component with a big buying bounce, it will move the features.

Now, if they flip all of a sudden, you all of a sudden, see the futures go whoosh. And you're like, what just happened on the imbalances? Just flipped, but I'm not subscribing to that information. So that's, what's important is what I'm trying to convey. The point is you got to spend money to make money. If I didn't, you know, buy, spend money on scanners on news feeds, you know, on quotes, I'd probably make a hell of a lot less money.

If I made a. So we're to spend money, to make money for the option expirations, uh, take a look at, uh, your, your stats and, uh, depending on the platform and see where the open interest is. And that's where the, you know, I bet you there's huge open interest in apple. 1, 1 49, 1 50, been trading around there all week.

So people that had those one 50 calls, you know, when that. Over one 50 this week, you know, they were naturally in the money. They didn't know where it closed, so they were able to, you know, sell the stock and they came down. I know there's been news on apple, but you know, the resistance came down and just looked for the open interest to see where, you know, potential pings are.

Where's there going to be, you know, if it gets above a 1 49 below, 1 49, the people with the puts will come into action. So, uh, looking at the open interest and you can pretty get a pretty good idea where the pins are going to be. But, um, no, that's, uh, that's interesting. We'll see. We just. Straight and down only three and a half handles right now, like triple D said, these things could flip in a heartbeat.

Just one institution come in with one order and say sold to you, flip a buy and balance to a sound balance. Uh, so be careful another thing that Dennis does, um, he's not trying to play like, oh, big buy, buy, buy, buy, buy, buy, buy. What he'll try and do is they'll try. And you know, that balance that just gets left out there and something.

That normally trades 50,000 on the open trades, a quarter million on the open blast to some ridiculous level. Cause trying to play ahead of it. You're relying on the information being stable, but if you play the reaction, then you could still get run over. But at least the stock is trading the volumes trending.

You're not, you're not being fooled by somebody. What, you know, what you do, you know, you deal your own hand on that one. So there's another potential. Well, the old Dawn bright, you know, trading system for imbalances, which Don braid has passed, but we learned so much from Don bright, um, obviously, uh, with Bray trading and um, you know, he had the system, you know, where he just surrounded fair value, you know, like, and he looked at these and, you know, imbalances, he'd look at that and say, okay, well, you know, if the stock is here and future state, it should be here all short up here.

And I'll buy down here. I'm willing to surround that fair value with these. Let's just going when there's no news and no other things being equal. So the stock should open around here relative to fair value, but opens here. He'll be sure if it opens down here, he'll be long, you know, and he does that on all the stocks and some workouts, some don't, but overall the 500 stocks got to add up to spy.

So when you get those deviations in the pre-market, which it definitely deviates in the pre-market because half the stocks aren't open, um, you know, at eight, at nine 30, when the market opens, it all has to have. You know, obviously, or there's arbitrage opportunities, you know, and those quickly come in. So in the first few seconds, there may be an opportunity.

But after that, you get a minute into the open at all, has to add up with those orders. They're not there. They're filled, they're open only, like I said, don't, don't like, you don't want those orders out there after like that opening print. And depending on what platform you're on, they can automatically cancel.

But those are all those orders are good. But I remember there was some guys in our office. I don't want to big expirations like this. I mean, their, their monitor would just light up with. Hundreds of possessions. And you can only do that a proper count cause you need the leverage to be able to do that, unless you're just independently wealthy.

I mean, if you're sitting here and he got a $10 million account, okay, well you can probably run all these strategies on your own, but leverage is key. You know, when you're, when you're doing these type of capital intensive strategies to everyone on the chat, who's asking whether Benzinga pro provides this data feed.

No, the is no, not yet, but here's what I want you to do. I want you all to email Jason, Jason admins and good.com. Tell him, Hey, we want the New York stock exchange order imbalanced feed in Benzinga pro to the pin on the pro go straight to the man at the top. Yeah, don't, don't text him, email him. Jason happens is going to come and that'll be that.

That's the best thing you can do is emailing, emailing man at the top. So it's 8 25 here. We're going to do a stock. Uh, we're going to have Jason. No, not in, in a few minutes here from Penn national. Uh, do you want to talk, um, M and a, we have a potential deal and okay. In ETF, this is big news in my world.

I'm, I'm a bit of an ETF nerd, uh, WSJ reporting last night that Invesco may be merging with the division of state street. This is a big deal. Why? Because Invesco is the fourth largest ish ETF issuer in terms of assets and stay treat is the third largest. So it basically it's like the third and the fourth.

Biggest players combining, uh, why? Because they're trying to beat a BlackRock and it's really, and Vanguard it's really, really hard. And anyway, IVC is the ticker here. Stock popped on the headlines, getting balance in games this morning, but a symbol me, I. IVZ Invesco. They stocks typically don't move around a lot, but IVZ started blasting off last night.

I believe it got over 27 last night. Again, these are just rumors and we don't even know how the deal's going to shake out. So it's rumors is that if we're going to be a full takeover, is it just going to be in a part of the company who's going to buy? Who? Invesco state street. I mean, so you don't have, you know, it's just a rumor right now.

So they even said in the update, Dow Jones said in the update. No, no, no, no, no, no stop. Don't don't say down John and Ben's and go, we reached out to Invesco themselves. Just say they said no comment,

but, but in any regard you can see how excited people are. 25 to 27 and a half. That's the biggest move IVA zebra has had maybe in like, this is a stock that moves around 30, 40 cents on given days. So that's a big move. So you got to watch this pan up 10% on a rumor because you know what all you're already down 5% now.

And what if the murmur doesn't materialize going right back to where it came from? So is it worth 26? I think it's fair value, but when we're paying 27 and a half, that's an. So, um, you know, just my thoughts, but you know, this is how I quantify everything. I'm doing quantitative analysis on everything. And, you know, I've seen, you know, when you're 22 years and you've seen a lot of things before, and it's like, it's an asset manager, they're not getting a 50% premium.

They're probably not getting a 30% premium. If they get a premium, it'll probably be 10 to 15%. Now you're paying up 10% already. That's a shirt. So I should've, you know, I got sidetracked and didn't show it last night, but I should have, if I would have at the 27th always gets you the shortest stock that's in play.

Right. Um, you know, I think it was probably an overshoot last night. Cause we get 27 or 28. Yeah, but people were paying it last night on the rumor of it, 27 seventies, where they got to on the pop. Uh, personally, I would have been out there at 27 and probably been scratching my head when it went to 27 70, looking through all those highs at 27 a so that we can rally another, you know, 85 cents today.

That's the level I'm discounting the pre-market high for now, unless obviously some kind of deal comes out on the top of yesterday's range. If you want to get this out, a gapfill, uh, 25, 77 was the top of yesterday's I'll I'll tell you why they got excited. That is because there's precedent for this in, in ETF land, right?

Invesco Invesco bought Oppenheimer a few years ago. There was a lot, there's been a lot of consolidation in the last. I don't know, four or five years, uh, because basically everyone is chasing Vanguard and BlackRock. So everybody else is having to now, you know, combine and merge with each other to try to try to catch those two.

Those are the leaders. And so that's what's happening here. So there was a precedent for this, for big deals in ETF asset management land, which is why people got excited last night, pregnant, probably why there was something to this rumor, even though Invesco said, Dow Jones, credible don't kid yourself, they give good rumors.

You know, they definitely could be something to it. I'm just saying when you're paying up 10% on the rumor on an asset manager, you might be giving up. And talk about rumors. I mean, Gannon, she made that good call on this one. Not that Citrix move again. Uh, you know, when he came out and talked to book, talk to book again, filled the gap at one 15.

Yeah. That was, and it traded higher in a pre-market. And I remember that, I believe that was on Wednesday and they faded it. So a lot of these things with deals, man, do you, if you, if you're playing these deals, you want to see it all. You want to see tape, you want to hear potential suitor. You want to see another bidder, you know, it it's, um, it's a tricky game to play.

27. I liked that today. If it gets back up there trading down at 26 14. So you can even see that I want to see a hundred more likes in the next 20 seconds. I'm going to bring on Jay Snowden. He's the CEO of Penn national gaming. Let's do this.

and here he is. Jason Notre. Well, Hey, what's up guys? How you doing, Spencer? Good. How are we doing? Doing well doing well, I'm going to be with ya. Good to have you on, uh, Jay, I just want to start off with, um, the obvious question for me, which is, uh, your impressions from the last couple of weeks, right? We, we had the start of the NFL season, um, and obvious, you know, record numbers on the sports betting handle and New Jersey where the way 12 and a half million transactions in New Jersey alone last weekend, Arizona, which had just got into, had a huge weekend.

Nevada had a huge weekend year, over years. What were your impressions from the, the handle from last weekend? Yeah, this is why we're in the business. Right? Spencer. This is the exciting time of year. Sports betting all comes together. I always say there's, there's real magic in the NFL and with college, college football and college basketball.

So September through March, it's really, really exciting. Uh, and for us in particular, remember a year ago at this time, we were just launching getting ready to launch NFL weekend. Number two in our first state of Pennsylvania. So a lot has happened over the course of the last 12 months that Penn gaming with Barstool sports book, uh, we're now live in nine states.

Uh, as you mentioned, Arizona, New Jersey, Virginia, Colorado, uh, Tennessee. We just went live in a five more states in August and early September. So very exciting. And we feel so much better today about the product that we offer versus last year. It was good. It was sort of bare bones. Good. Everything worked out fine.

This year, we have great features like shareable bet slip, which in our world with Dave Portnoy and big cat is really powerful. They place their bets. Um, on social media, people can one click, it populates their bet. Slip on the Barstool sports book app. We had over 3000, uh, bets shared last weekend. First time we ever, uh, offered that feature, really excited about that.

And then second, we now offer same game parlay, which we call parlayed. And you guys probably know fanduels sorta had a monopoly on that, on that feature for a long time. And now we offer that we have 50,000, uh, parlay plus bets on Sunday alone. So we're off to a great start here. Football season, both college and NFL.

Uh, since you mentioned, uh, Barstow, Jay, I want to bring up a clip of an interview that Dave Portnoy did with, with my boss, our CEO, Jason razzing, last year, uh, they were talking about the, the, the perception of the, uh, Penn national Barstool deal. Uh, but at the time, January last year before COVID, and then Darren coven, I want to play that clip right now.

And then I want to ask you. We are in a company that has physical casinos, which when we did the deal to me, it was like a huge advantage. It's like, yes, we have, we're going to have the on premise off premise one, two punch, then COVID it like three seconds later. So for the duration of our relationship with Penn, I think some people have seen that as a negative because the casino's got closed and all this, whereas the others don't, you need sports, but it's been an interesting dynamic, but yeah, firmly free with no marketing and.

So I want to ask you, uh, about, about basically what Dave just said there. How has the, since you've reopened were basically reopened now more or less since you've reopened, how has the Barstool pen, uh, synergy, uh, differed from how you thought it would now that we're basically more or less back to normal?

Yeah. Normal issues. Exactly. Right. We're finally able Spencer to your question to start to do some on-prem activation, especially around football season. Um, so you'll see if you, if you follow along with where Dave and Dan are taking their college game day, uh, last weekend, it was in Michigan next weekend.

It's a be in Chicago land at soldier field for the Wisconsin, uh, Notre Dame game. And if you follow along with what they're doing, uh, usually there's going to be a VIP event. Like there is next weekend at our Illinois property in Aurora to drive sign-ups registrations first time. So we're just getting started.

Um, we had a lot of really big plans when we announced this deal. As Dave said there in February of 2020, and then COVID hit in March and it's sort of been this awkward environment since then, there's either been capacity restrictions or vaccination status. There's all sorts of, um, inhibitors, but we feel like we're headed into a sweet spot time of year with football season.

And last weekend, for example, in Michigan of all the states, we're live in our daily active users, uh, on our sports book app was the highest in Michigan of any other state. And, uh, Pennsylvania obviously is a huge state for us. New Jersey coming out of the gate has been very strong, but when those guys show up and do on-premise.

At our brick and mortar facilities, like we're able to do in some of these states, it's really, really powerful. And we're just getting started. I think we'll have a lot to share with you in the months and quarters ahead, as we get through football and basketball, I'm glad you mentioned Michigan. It happens to be where Benzinga is located.

And, uh, I want to, I want to ask about your, your, your market share in Michigan. We Barstool sports books started basically at the top, uh, and, and it it's strong in the, in, in, in the month, since, as, as other, uh, options have come in. So, so w what is your strategy for states like Michigan? Doesn't have to be Michigan politically, but states like Michigan, where, where you're, you're, you've lost market share this year, as other combined competition has come in to try to regain some of that share.

Yeah. I mean, look, our, our position on this, and I've been very vocal about this. Spencer is I think there's too many in this space that want to declare who the winners are in the first two months of handle market share at a state launch. And I think that's really flawed if you look at, uh, over in the UK, what's happened, market share.

Well, 12 years ago to today, it looks very, very different. And I think the companies that really focused on best experience, best products have the best brands. And I have have the right media integration, which obviously is a big advantage that we have are going to be the winners. And to answer your question specifically, look, we know that the Barstool audience, we over-index come football season and college hoops.

And so we launched in Michigan at the very, very end of football season, just in time for super bowl, we came out with a huge bang and then we fell off. We fell off after a basketball and football season during baseball. So two things, I would say one, you should expect our market share to bump back up again during football season.

We're already seeing that in the first weekend of college that are college football and NFL, and then number two, we've continued to work on our products. And I think our product again, will be launched in Pennsylvania and Michigan last year was. But not as good as it needed to be. We think it's a lot more competitive now, online casino, we're continuing to improve the product there as well.

So we're very comfortable in our position. I would also just remind you, and I know, you know, this Spencer that, you know, we don't play the same game as everybody else in terms of paid media. And there is an arms race right now. If you watch NFL on Sunday, every commercial, it felt like was sports books, sports books, sports book, and it becomes just this white noise of what, what brand is that?

And what are they offering? And our approach is different. I think that there are, I'm not saying which approach is right or wrong, but we believe ours is the right strategy. Long-term we generate a lot of interest organically because we took a buy and build approach. We own the brands and the people behind those brands create magic for us.

And there's a lot of renting of brands and renting of eyeballs through this paid media. It's not sustainable. They're going to have to pull back and we're going to be there with a lot of dry powder to continue to pick up market share when that. Jay. I got some questions for y'all regarding the horse racing, the racetracks and I, my account real quick counties, you have eight tracks and, uh, you know, not, not big names in there.

I haven't been to Bangor Raceway, but I, I, they're not big names in there are, those are those. And I didn't really recognize a ton of them are those older or newer facilities. Uh, and my question would be if they're older facilities, uh, do you see any big of, you know, costs for upgrading them or any of them in this prime area for land?

Like if people can get ahold of sin, I need a man. They would chop that thing down to second. So talk to me about the racetracks, uh, you know, potential expenses. Are there any, you know, hot, real estate placements? Yeah, well, Joel, thank you, uh, for us to have an answer to horse racing question about two years, but I'm happy to address your question and, and, and to, to specifically answer it about half of the tracks we have are new as part of new builds, like, you know, in Ohio and Massachusetts, half of them have been around for awhile.

And really it, you know, we started off as a, as a horse racing company and it really turned into a development option for casinos and has worked out really well for the company, for instance, IPO, and back in 1994 with one racetrack and three off track betting facility. So, you know, it's in our DNA, we've been at horse racing for a long time.

Um, I would say that horse racing is an industry that needs a real shot in the arm. I'm excited that there's finally some movement, um, in the state of New Jersey to try to make horse racing more like sports betting, as opposed to parimutuel style. I think that may attract a lot of younger games. Younger gamblers.

Don't appreciate parimutuel. It's frustrating. You bet a horse 10 minutes before the race starts, you get an at four to one and by the time the race starts, it's the two to one and people don't understand that. So I bet it afforded one. That's what I should get. So, you know, if you can fix those in which is what New Jersey just legalized and has been legal and countries like Australia and nations, like Australia for years, very popular.

So I think there's an opportunity to take horse racing to the next level. And there's obviously for us, we're continuing to figure out what to do with the amount of land that we have. We can do a lot more on the entertainment side. We've been doing a lot more outdoor concerts that are Penn national races.

Um, horse racing facility, as well as at Charlestown in West Virginia. So I would say there's, there's some opportunities there. Um, but I would say online, it's definitely going to be moving away from parimutuel. Uh, so the new tracks versus the old tracks, I mean, what are you seeing in terms of trends in, in attendance in handle?

I mean, obviously COVID, you're throwing in a whole nother, you know, a monkey wrench in and, uh, but I mean, even before that, and I don't mean to be pessimistic. I mean, I've been involved in a horse race in Eva before I was born. And to me, you know, it's just a dying sport, you know, it, kids, no kids understand it anymore.

I mean, you see the Kentucky Derby talk about like, uh, your handle and how your attendance pattern, you know, pre COVID and post COVID. Uh, and then, you know, also. The, um, you know, moving forward, like you said, a shot in the arm, but you know, Bob Baffert would say a shot in the leg for the industry. You know, what, what, what could be, what, what could rejuvenating the, the, the history of horse racing, the, the tradition?

What, what could bring it out? I, I honestly there's a lot in that question, Joel, I would just leave you with this it's it has been a dying sport. Uh, the demographic on-prem is very, very old. If you ever go out to a horse racing event, Kentucky Derby, maybe be in the one exception. And, um, I think the real opportunity to grow the business, just like it is in sports betting and online casino is digitally.

And if they can put together the right betting products and make it more entertaining over your phone is how you're going to draw the new audience. But I don't expect to see young people turning out for horse racing on prem in person anytime soon, unless they do move away from parimutuel style. I think you're gonna attract a younger customer.

All right, I'm bringing it back away from their horses here. Joel, you, you had your fun. Uh, you're already kind of answered this J uh, but I want to follow up about it. Uh, with regards to the, the marketing and the customer acquisition. We, we spread the word we, that we're going to have you on the show today.

We got this question through a friend of ours who I believe you also know ed, ed Pitoniak from a VC properties. And he asks specifically about, uh, the marketing paradigm in your business. Uh, and I just want you to speak a little more to that and your customer acquisition costs and, and, and, and why your strategy of not really.

Marketing as much. And, and Dave spoke rallies with us as well as where he said that, you know, there have been times where you've wanted to do like an email push and he said, we don't need to do an email push. We, we, we want to, we can go ourselves if we want directly to the consumer. So why is that strategy?

The right. Yeah. And look, I think, as you know, Spencer, from that interview, that we are very much aligned in the company on the strategy we have in place. It's not like, you know, the folks at bar store saying, we got to go get into that arms race of paid media, linear TV, linear radio. And we're saying no, if anything, to Dave's point I'm in his ear sometimes like, Hey, do you want us to do more?

And he's like, that's a total waste of money. It's just burning cash. And our view on this collectively as the partnership is that it's about the brand. It's about creating relationships. It's about retention and engagement and making sports, betting fun and making it entertaining and not having to be transactional.

Right. And I think if you look, if you've talked to people who bet on a lot of the competitor. They really do it because they just know what's available. It's not because they have some affinity toward that brand or the people behind that brand. So we really don't have to do things the same way as everyone else.

Our approach is let's really monetize the relationships that we have. Let Dave and Dan activate that audience. We'll be doing the same thing with the score. Once we close on that transaction. I think one of the things that has been missed a little bit, I've been talking a lot about it. We have the best top of funnel brands in the United States, as it relates to sports betting and sports media in Barstool sports, an area where we know we can get better.

Dave would tell you the same. Is on retention and engagement once they're in that funnel. And there's nobody better at that across Canada and north America than the score, as it relates to sports media, they do a great job of creating social and community features. So if you're following your favorite team, I'm a Yankee fan.

If you're following the Yankees on the score, there's a chat feature. If you're just following the game and you go in there and it's constant dialogue of just sort of live stream and it's people talking about sports betting, that's what they talk about. 90% of the time that you're in there. It's Moneyline this over this?

How many Indians left? What are you going to bet? The last two? So for us to not just get people into the funnel, but then keep them in the funnel. Because now that we have, once we close on that transaction, once you, now that we have the score and you add that with Barstool sports, it's one stop shop.

Whereas before, if you're a sports fan, you might follow Barstool sports and have that app. But if you want to go check on the real news stories and the scores and the stats, you had to go to the score, you had to go to ESPN. Now, you don't have to do that. It's all going to be in the same place. We'll have embedded links across that.

If you have both of those apps on your phone, you're going to get everything you'd ever want from sports, sports, media, and sports betting all at the same time. So I think specifically Spencer, we're building through a buy strategy. We own our brands. We have relationships with our customers that transcends the transaction of betting on sports it's relationship, it's entertainment, and it's loyalty to the brand.

And we think that's going to win out in the longterm. And I think that sky bet really did prove some of this out over in the UK. And we think that we can really duplicate that model here in the U S so you mentioned the score two blown dollar acquisition, uh, announced that in August, you also announced, uh, uh, uh, the other week, I think a 6% stake in points.

Bet. Uh, what are your plans for point's bet? Yeah. And that one, um, I thought we were clear on the disclosure. Probably not clear enough because I think most people interpreted that as we made a new investment and points. Bet. If you'll recall, when we announced who our skin partners were, this is back in 2019, It was the score.

It was DraftKings, it was Fox bet. And it was points bet. And in the case of the score and points, bet we could have had cash upfront or we could have taken equity in those companies upfront. We decided to take equity in both of those companies that turned out well for us, obviously with the score, it reduced the purchase price because we own 5% of the score and the case of points.

Bet, all we did is exercise the options that were about to expire. So this was not a new investment. It was us just turning our, our options into a true ownership position. But we think they're, they're a great company they've done well in the U S they're good partners. Uh, but it was not a new investment for us.

Got it, Dennis, you have one, uh, you kind of took it, but a Spencer takes my questions in the background, but I'm Canadian Jay and I kinda wanted to know your thoughts on the Canadian sports betting market with the score. We're bringing it back to the score again, but you know, obviously pro-line is a big thing in Ontario.

Talk about, you know, the sports betting market in Ontario. Yeah, well, and, and Dennis, as you know, uh, sports betting single event sports that ain't just legalized in Canada, it looks like Ontario province. Ontario is going to be ready sometime in that December, January timeframe. And what was legal before that was parlayed that's only right.

So pretty limited market. There was a gray market offering, you know, offshore not legal. Um, the good news is it's all going to be regulated now. And if you look at the advertising rules in Ontario, specifically, I believe across Canada, definitely in Ontario. What you can do from a, from an advertising standpoint is pretty limited, which we love because the score is the number one sports media brand in Toronto, across Ontario, as you know, Dennis, and the way that you have to advertise in Ontario around sports betting is just advertising your brands.

You can't put out big promotional offers in the advertising. We think we really stand to benefit from that, with this. And the way we've been thinking about it, Dennis is we have two amazing brands across north America. We think that Barstool sports book is absolutely the lead brand will continue to be in the U S but let's get the score audience, which is 3 million strong in the us over to the Barstool sports book and convert them.

And then in Canada, it's going to be exact opposite. We're going to lead with the score and score bed and get that Barstool audience. We have the number one hockey podcasts, uh, spittin Chiclets across north America. Number one in Canada, let's convert that audience over to the score bet in Canada. So I think, look from our perspective, number one was great brand shared vision.

We've known the levy family for years. They've been our skin partners. They believe in this convergence between sports, media, sports betting like we do in Barstool does number two, it's a technology company. They built out internally, their entire sports media app and their sports betting app and products they're live on their own.

Pam they're gonna be live on their own managed trading services in the spring summer of next year. So the technology stack for us was a really important play. And then last as you asked. It is the brand from a sports media perspective in Canada, we think Barstool plus the score gets us a really solid market share double digit easily in Canada, certainly in Ontario and without them, we're probably a single digit market share in Ontario.

So we think it's a pretty powerful combination. Uh, Jay, there's a pretty big similarity between, uh, sports betting and a lot of ways and markets. So let's get that. Benzinga Penn partnership going. Uh, I want to ask you, uh, I'm, I'm sure you've been asked about this in the last week or so. Uh, just about what's going on in, in, in Macau, how relieved are you to not have any exposure to that?

Look, we all have our fair share of challenges over the years. If you're in any business, certainly gaming long enough, you're going to come across some, some good times and some challenging times. And, um, for a long, long time, I would say I was very envious of those companies operating in Macau for decades.

Um, what a, what a business, what a mark. Uh, unbelievable growth, the multiples evaluation that came with that, it's been incredible story. And, um, it's really hard to read through. There's a lot. It's very gray. You know, you read what came out a couple of days ago about new, new, more strict regulations. And is that permanent?

Is that going to be up for discussion? There's just a lot of uncertainty right now. So, um, yeah, I'm, I'm pleased with the business model. We have, it's very north America focused. We think there's a tremendous amount of upside for us in north America, as it relates to online sports, online casino and our brick and mortar businesses have not been healthier for a decade since we reopened post COVID re-imagine the business model margins are the best they've ever been in our company's history.

So do look inside and outside of Penn, we feel really good about all the different growth drivers we have. Okay. Um, w we got so many questions. We can't get to all of them guys. We, we we've been our J Snowden CEO of Penn national. Let's just do, uh, one more. Uh, I'm trying to get to the chat here. Um, any plans for NFTs?

That's like a question. We, we got a lot of, we got a lot of NFC questions to ask you. So DraftKings has gotten involved with the NFL draft. Do you guys have any plans? Uh, nothing I can share today, uh, Barstool has dipped their toe in the water on their own Portnoy has. And, um, we actually think there's an opportunity for us to get more involved with that bar stool brands as it relates to, uh, financial services and FinTech, um, NFTs could make sense for us.

There's a lot of things that we're looking at right now that I think are really exciting, but nothing that I can share with you today. Um, other than say, if we did. We'll do it in a very unique way. Like we do everything. Okay. Uh, I have more questions, but I I'm, I'm conscious of your time. So we'll have to ask them next time.

Jay Snowden, everyone's check you CEO of Penn national gaming, Jay. Thanks for the time today, Dennis. Joel, Spencer, they've been with you guys talk to you guys, uh, smash that like button for Jason. You asked w we put the call out, like, like, uh, I don't know him a couple of months ago. We said, who do you want to?

You don't want us to have on the show and you, a few of, you said pen. And we said, okay, Don, it took us a little bit, but we got him. We delivered because you asked us to, I love that. And, you know, I've been long in the stock. And then I got over done. I sold the stock and then I played it again and I love the stock.

I love the company. Um, you know, obviously its stock is all timing and you know, you, Y you look here just let's talk the stock for a second. Cause we just talked the company for a long time. You kinda think about a 50% retracement here at Juul, like 65 to 85, and you've pulled back to 75. So, I mean, if you wanted to try Penn here, 73 51, I have no position on it yet, so I can freely talk about it, but I'm interested in it at this point in time, the one thing working against it is we're in this market where it kind of feels, you know, like a tough market right now.

Obviously we know Las Vegas sands and when I've had their issues, Penn has in DraftKings have not because obviously not exposure over there to Macau, but you know, you look here 73 51 that low. I was like, well, if you want to try it, you could lean on that low. But you know, in this area here, you know, you've got a 50% retracement.

You have a technical setup here for a long. Yeah. Yeah. It came down to it. Uh, I, I, you know, I, I've always been like the Debbie downer on, on this kind of stuff. I just, I don't know people, I know people are never going to run out of money. I know people are never going to stop. People are going to stop gambling.

I know they're not going to stop. I just, I don't know. I see all these promotions and I see all these things that get people in. And then when you have to do that, I think that says, you know, you're having a lot of churn that you're having, you know, that's the point is they don't do that stuff. They don't have to spend the money on marketing.

That's why they bought Barstow. Basically. I've said all along that I think with Penn, you get the best of both worlds. You know, you get the sports betting, you know, they're making smart acquisitions. I love Barstool sports. I love day Portner. And we know that we've talked about that on the show before I've said before, why own Penn over DraftKings was Dave Portnoy and Barstool sports.

So, um, you know, we've had, you got to think of where we were, you know, obviously you got to take the COVID lows out because everything looked like it was going to, you know, end of the world back in March. But if you just ignore that and say, okay, we were at 20 to 30 dogs for COVID started, um, you know, Wait, you got over done.

Maybe when it got to 142, but now you come back in, is it 60, $70 stock? Has they know the company improved since we were before? COVID for sure. They've done so many smart, you know, acquisitions of scores, probably one of them as well. So I don't know. I L I liked the stock. I liked the company. It's just a matter of, you know, valuation.

It's one issue, you know, with draft Kings while I've always stayed away. But I think, you know, Penn has a reopening. We cannot hide that fact. The pen is a reopening stock. Still, even though it has a sports betting play, it does have the physical casinos too. So it is still reopening. Stock is getting prices or reopening stock, but I think we ever do get a reopening trade.

I think Penn benefits from it too. So I think if you're buying a hearing and you're out 2, 3, 5 years, I think you'll be happy, but you know, obviously investing, you never know technical note too. I just want to join. You don't remember how long we struggled with that 74 75 area for a long time in July.

So that was resistance. Right? You had the pot now, you know, old resistance do support. So that's another thing that, uh, you know, is coming in and hit it yesterday. It actually got down. Did it get down to 74 yesterday? No, two days ago, if you had to right to that area. So technically, you know, you had to move up, you got to send me 3 51, 2 days ago, maybe a couple of days of consolidation and boom, and lean on that.

73 51. That's that, that ours is trader gamble. There's not enough time to do both sad, tough, tough life, man. Sorry. That's fine. I trade too. So that's, you know, we know I'm not a big gambler because I do the trading, but you know, a lot of people do do both. Uh, we got four minutes here. We should do some ticker time quickly here.

I just want to say the imbalances that we're all buys. A lot of them did flip this out while you're starting to see a little bit of weakness in the spa. There's mics. There's some big buying balances here too, but there's some sell imbalances here now as well. Like those Lowe's and home Depot that had the big buying imbalances home, Depot's now flip to sell.

So we know this day, it's crazy that the balance has to go back and forth. You know, again, the way I approach it as stock is trade here, I surround that fair value of stock opens to high likely be short stock opens too low. I'll likely be long, you know, and I try to play that across the S and P stocks. Oh, socks.

I want to throw on everyone's radar lucid, which is continuing to run again this morning after yesterday. And, uh, Dennis do they have Dutch brothers coffee where you are? It's gotta be really good. Coffee, coffee ever. It's gotta be the best coffee ever. That is a move and a half. I mean, these new IPO's, they are wild.

They're wild Childs because they have no memory. They have no reference. It's air. And, um, you look here, obviously stock came out two days ago, opened the 32 and a half goes up. Then you get the next day. Boom, boom. I mean, when these things get hot, they can go anywhere again. You know, it's hard to say where, you know, with two days of data, it's hard to, these are unpredictable stocks, but when they're making new highs, I never liked to be sure to stock make a new high.

I don't even know if you can show that stock yet. You want to hear something hilarious? I saw this, I saw, I don't know the TV was on for like a minute or whatever. And I saw the guy ringing the bell and um, I thought. I thought it was, yeah. I thought it was a cigar, the cigar. And I like what the hell? Short, bad, man.

Who's smoking cigars. I know. I'll try it. I dunno. Is it better than a Costco coffee? I may not. If it's a coffee chain, they're only in like a chain. Yeah. They're only out west though. That's the thing. Hey, did Starbucks recover? We talked about that now. I got it. Got China. Huh? China. Yes. That's a verb now we've made that an official burp here and it did it got China along with everything else.

It keeps getting China stocks. He don't think 10 to get China to get shine at Starbucks. China. I don't know. I'm sorry. I shouldn't have said that.

Oh, that's a political aspect of it, you know? And if you want a different word for it though, but the China government obviously kits a lot of stocks here with, they know what their policy on how they're running things now. So I don't know. It's like another sector by it gets hit. It's a Starbucks and the newest victim to the China communist party.

Uh, all right. Chaz talking about retail. Yeah. Retail card. A very nice bid yesterday, uh, on, on the heels of that, of that strong retail sales print, which, uh, and this was called five foot four. Sorry about that. Um, give me a warning. I'm like, oh, it's old soul soul. I'm like chill, Spencer. You didn't tell me there was going to be a market moving number here.

We just 10 points and 10 seconds. And I got picked up. I didn't know. I'm sorry. I didn't know. Uh, that, that was going to be, uh,

it's age 59. Uh, we're going to wrap it up here. Joel, Dennis, any, any final thoughts from. Uh, just bid range. I mean, we're just chopping, I bet to play the edges today. See if we get up near that three highs in the upper 44 70 handle, or if we get in the lower 44 30 handle, uh, you know, those loads. So I'll be leaning on that also.

Don't we need to think Zoltan, didn't it. Wasn't he the one who had been working on that interview for I'm glad you forgotten. Every time Zoltan gets a thumbs up is all time gets something some as yet to be determined prize, because he was tenacious with pen. It took a lot of back and forth and Zoltan did not quit.

And, and his name is synonymous with, with me every time I hear that name I'll movie, right? Big. Yeah. You don't mess with this jaws. Joe's right. It's almost on, what's the name of the, of the. The game, right? Yeah. And in big I think, oh, he's oh, he's on that one. Yeah. I, there was a movie that I'm Salem. I remember that one.

You don't mess with the, Zohan eating all the hummus on everything. He brushed his teeth with homeless and stuff. You don't mess with those old time. It's funny. I remember that game to the Zol what's it called? Zoltan. Was it actually called Zoltan and big one? That's the one that made a big, yeah. Yep. All right.

I'm going to hop over to pre-market prep plus and, uh, cover, uh, the rest of these stacks. We didn't hit. And, uh, Spencer, I'll be talking to you on a Monday at three 30 at the closure at the close today. Joel will be there. I will not be, but Mitch will be there in, in my stead. So at the close is still on Dennis.

Uh, I'll talk to you, uh, over the week, uh, on Monday, if not sooner and, uh, good luck today, it's going to be fireworks.

Open firework clothes and balances are all over the place. They're, they're flipping from buys to sells, to buys again. They don't know where they want to be. They don't know wild, open, expect some crazy open. All right. Uh, if you want to hang out with us at the open, you can do that on our very next show.

Wive training with Benzinga Mitch is you need Ryan. Uh, I will not be on that today cause I had to prep for the show after that, which w w you know, we're, we were experimented. Trying new things. Uh, if you recall, last month we had our very first, uh, what we call it, our all access event. Uh, this is, this is a, a pseudo show meets investor conference, uh, that I will be, co-hosting starting at 9 45.

Uh, we've got, I think, eight different companies, uh, set to set to present today. These are all early stage venture, uh, companies, uh, the, that, that, that we've come across and, uh, are going to be presenting today. So that'll be at 9 45. So that's, I'll be prepping for that, but we have live trainings starting next.

We've got all access after that. That'll go until about one, get technical. We'll be on today with Neil and Hamilton is Fridays. That means moon or bust are all coins show or defy show will be on at two. Joel and Mitch will be on with you at three 30 for at the close. And, um, Brad. Every Friday, 5:00 PM, technically options wrapping up the week.

Uh, how many likes do we, are we at today? Uh, I haven't, I haven't checked for a minute. Are we, you know, maybe I should just pull up the YouTube video. Let's do that real fast and see what, see where we're at on the lakefront. We at 500. All right. All right. Let's get to six. Let's get to six. Let's get to six.

Um, I was serious by the way, what I said before, if you want to request anything had Benzinga pro just email, Jason, Jason benzinga.com. I promise you, he will appreciate that. He I'm not spamming him. I'm not pranking him. He really does appreciate the feedback. If there's a feature you want to see in bends and can pro we don't have an email, the man at the top, Jason Atkins and get back on what other company is going to do that.

It's going to say, Hey, email. But you should do it. I'm I'm not kidding. Uh, okay. Uh, thanks again to Jay stone for hopping on today. If there was ever any other CEO's or Nazis, any guests you want to see on our show, email us [email protected] S H O w S. Admins are going to come with your request. We will do our very best to get that person on.

If we deem them a good fit, please remember all the information from our show. All of our shows meant to be used as informational purposes, only, not for investing or trading advice. Alright. It is 9 0 5 live trading is about to start. I'm going to put the link in the. For how to access that. Cause it's coming up, live on our channel, youtube.com/benzinga or just click the link that I'm posting in chat.

Right now. There it is. I'm not going to be able to redirect you to, to that stream. So click on the link or go to youtube.com/benzinga, uh, to find our next show. Do we have the actual Jordan Belfort in the chat? What's the w w we got, we got Bieber and Jordan Belfort in our chat. It's amazing. You guys are amazing series.

Thanks for all the questions. I know we couldn't get to all of them, but I promise we were writing them down. Not me, but other people were writing them down. As you were asking, we have a new list of questions we will ask Jay, next time we get him on the show. I promise. I promise. I promise everyone have a good rest of your day.

Good luck at the open live trading with Benzinga coming up live right now. And, uh, we'll see you over there.

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