 Good morning everybody I'm Tommy O'Brien coming to you live from TFNN headquarters in St. Petersburg, Florida 8 30 a.m. Tuesday morning first edition of the morning market kickoff I'm going to be in here every single trading day 8 30 a.m. till 9 getting you started for the trading day seeing what we have going on for the market ahead right now a little bit of a surprise we haven't had this normally we got markets in negative territory to kick things off futures right now you got Dow futures negative by 61 points trading 29,218 S&Ps pulling back about 9 at 3315 Nasdaq futures negative by 32 points at 9141 we'll start things off we're going to start it off of course record territory to end last week we pull up the chart of the S&Ps even last week quite an acceleration right at 3 45 p.m. Eastern time you have the S&P spiking to a high of 33 30 and then interesting enough we actually pull back right on the 4 o'clock bar and that's a that's a decent pullback of about 6 points you don't normally see that at the end as in 4 p.m. but nonetheless right near record territory Monday markets closed for the Martin Luther King holiday we had futures open and the sell off about 8 p.m. last night you see the futures go from 33 23 we actually reach a low in the S&Ps of about 3307 currently trading 3316 we've caught a bit of about 9 S&P points over about the last five hours from 330 a.m. till 8 30 a.m. right now checking in on the VIX haven't seen any upward pressure on the VIX lately and there we go we were actually above 13 briefly but that's a slow pause 1293 on that volatility index checking in on some of the markets we'll start things off there's your Dow chart you can see the jump in the futures there's your open as of Monday evening 29,294 and you see the sell off just as the other indices to a little bit of negative territory S&P 500 we covered there's your jump between Monday Monday evening the sell off in the futures 3316 Nasdaq 100 pretty similar territory we sell off from about a price level of 9172 we reach a low in the S&Ps of 916 the market's catching a little bit of a bit over the last five hours as I mentioned you have the Nasdaq 100 currently trading at 9146 it's earning season we get Netflix after the bell tonight we'll get into that in a moment crude oil we were actually almost at $60 quite a spike at the end of the day on Friday from there we've traded lower now under $58 as the volatility continues in that crude market you have crude trading at $57.89 usually we get the EIA numbers for crude on Wednesdays with the markets closed federal holiday from Martin Luther King Day yesterday I expect we'll probably get the crude numbers Thursday at 11 a.m for the inventories there's your gold contract we caught a little bit of a bid last night when we had markets trading lower you had gold up to almost 1570 and as the markets have paired a bit gold now back to 1552 and the euro US dollar trading at 111 15 terms of what else you have happening in the market I mentioned it is earning season Halliburton out with their earnings beating estimates on international demand even with a 2.2 billion dollar charge so they beat the analyst estimates Halliburton higher drilling activity in international markets help the oil field services provider blunt to hit from slowing North America that led to that 2.2 billion dollar charge Halliburton beat that estimate for quarterly profit on Tuesday higher drilling activity in international markets help the oil field services provider blunt to hit from slowing North America international markets have been a bright spot for the oil oil field service providers in recent times as North American oil and gas producers cut back on drilling wells to satisfy investors seeking higher returns company swung to a 1.7 billion dollar loss in the fourth quarter because of that charge on an adjusted basis the company earned 32 cents a share compared with they were looking for about 29 cents and Halliburton said revenue from North America fell over 30 still though 2.33 billion international backwards though up 10 to 2.86 and to see how that is hitting Halliburton this morning closed on Friday 23 96 we got a spike to 24 95 Halliburton's paired most of those gains back down to 24 36 other news out there in the market Uber just sold his food delivery in India to local rival Zomato so they are getting out of the India food delivery business ride-hailing giant Uber said Tuesday it sold its food delivery business in India to its competitor I believe this had been rumored in the last couple of weeks the sale gives Uber a 9.99 percent stake in the Indian restaurant aggregator and food delivery startup as a result Uber eats will discontinue operations and direct restaurants delivery partners and users to the Zomato app starting Tuesday to see how that is hitting Uber so far this morning a little bit of an effect the market liking selling off those assets spiked to 35 99 currently trading right now 35 72 jumping back to headlines out there 737 it continues to be in the news I saw an article out there this weekend the Tom had forwarded me talking about that they are already discussing renaming this plane that is all but a short folks I don't know how you fly this plane with that name in the sky once it does come back if it does it probably will but they will be changing this name but this story talking about Boeing in talks to borrow 10 billion with a B or more as the crisis for the 737 max wears on Boeing's in talks with banks to secure a loan of 10 billion or more according to people familiar with the matter as the company faces rising cost stemming from the two fatal crashes this month they suspended production of the troubles planes and this stretches to the 11th month a planned pause in production ripple through the supply chain we have layoffs that we've been talking about for some of the suppliers banks that have already committed to contribute to the loan include basically all of them city bank of America Merrill Lynch Wells Fargo JP Morgan and to see how that is hitting Boeing shares this morning Boeing looking to trade a bit lower actually in quite a slide last week right I mean they back this up a little bit longer on Boeing for a little context even putting it on a yearly really provides context because that's when things began 446 we reached a low in August of 319 almost made it back up all the way to 400 and from there volatility again and just last yes this is a daily quite a day on Friday as we traded from about 334 down to 324 Boeing new CEO looking to turn things around but nonetheless still facing some concerns other news out there China says the coronavirus has killed now six people spread between people and here's what we know pretty interesting story pretty frightening to say the least the debt toll from a mysterious flu like virus in China and this is what is hitting markets actually over in Asia a bit we have Asia big time for traveling as they have holidays over there authorities very worried that that is going to begin to spread so they're now up to six people from the coronavirus the death toll from a mysterious flu like virus in China climbed to six on Tuesday as new cases surge beyond 300 and authorities fretted about the added risk from millions of Chinese traveling for the lunar new year holiday around the world airports now tightening security of travelers from China as officials confirmed that coronavirus strain is contagious between humans the WHO called the meeting Wednesday to consider declaring a global health emergency the out bank which be excuse me outbreak which began in the central city of Wuhan also sent shivers through financial markets as investors recalled the SARS outbreak 2002 and 2003 killed nearly 800 people authorities have confirmed firmed as I said 300 cases in China and six deaths so far in that city stay tuned folks i'm going to come back with another segment we'll get into netflix 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mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv for the latest market information welcome back folks checking out on the market's futures in negative territory we're going to jump over to netflix netflix coming out with their earnings jumping over to the chart netflix right now pretty much flat on the morning putting this on a little bit of a longer time frame for some context netflix talk about some volatility as for the first time they really begin to face some competition in the market you saw netflix trade last year from a high of 385 and a 252 and since that september low netflix now up at about 340 dollars putting this on a shorter time frame the spike last week to 347 and then what i love thinkorswim you get into the analyze tab we pull up netflix one day expected move on netflix 23 dollars and 20 cents you want to look for volatility on netflix you want to see what kind of volatility the market is pricing in if you're going to be playing that options market especially one way or the other as in if basically if you do a spread you get action on both sides of the market for netflix you're going to be looking for 23 dollars in either direction that is the volatility and boy oh boy a 340 dollar stock call it 34 dollars would be 10 percent so 17 dollars would be 5 percent you're looking at a seven eight percent move priced into the part move of netflix as they come out with their earnings jumping into some of the netflix options just for instance so right now we're sitting on january 21st if you're looking at even just the options that are expiring on friday this is where again the thinkorswim platform you get in here you're looking for and this is where 24 this the implied volatility now this is the one day expected move which is today if you want exposure through friday you're looking for almost 25 dollars in movement of netflix and you can see how you're paying 23 dollars in movement just for today talk about paying for some volatility in this stock but as you would expect netflix of course disney we'll get over to disney in a moment as well but disney disney plus coming online you have hbo you have mbc announcing the details of their streaming service peacock last week let alone amazon prime the giant out there as well but 23 dollars today but you can see that as you go out you're paying for 23 dollars for one day but you can go all the way up to february 14th and you're only looking for 31 dollars etc of volatility but to see how these price out right now trading at about 340 dollars and there's your 340 dollar strike price the bullish as in uh excuse me the calls right at around 13 dollars now again this is going out to january 24th 1275 you could buy a call basically at the money of 340 similar price to buy a put so you're paying if you want both sides you buy a put and you buy a call at the money you're just looking for an explosion of price in either direction that's where you get this one day expected move or whether that's where you get this 25 dollar a set number of volatility priced in because basically you're buying a call you're buying a put you're paying 13 here you're paying about 13 dollars here that would be 26 and there is the price that you're paying for that volatility so we get netflix after the bell should be interesting to see what they have to say checking in on some of the other competitors before netflix comes out disney they have had quite a run since they announced and to put this in context their disney streaming service i believe this was back in april when they originally announced the price tag of it there at six dollars seven dollars interesting enough i just saw the notification chart jump up today from my netflix billing 14 dollars and 16 cents to be exact that i am being charged from my netflix price seems a little expensive when you hear the disney i believe it's going to be um six or seven dollars and if you get their bundle package which is hulu and espn plus i believe that's 13 99 and so you're talking about a bundle for disney at the same as netflix doesn't mean you can't have both but 14 16 cents netflix price is kind of creeping up but look at that run for disney made it all the way up to 153 they go live with their disney plus streaming on november seventh the day that they announced they had 10 million subscribers already on disney was november 13th quite a spike we actually extend those gains up to 15341 and disney just kind of paired that a bit from some of that exuberance in the market checking in on amazon as well amazon that high back in june or july july excuse me uh 2035 amazon gotten quite a run recently that acceleration day after christmas what do you know right everybody brought all their presents amazon makes it above 1900 we've paired some of those gains back to 1864 and even cmcsa comcast quite a run for them recently making recent highs up to 47 74 price of comcast checking in on some of the earnings that we have going on this week we had a big week of airline excuse me airline earnings as well so we'll start it back up with today tuesday we also get td ameritrade after the close today united airlines after the close gets in the action on the airlines as we begin we'll go on to the other days of the week we still have banks reporting first bank corp lots of banks lots of smaller banks we got the big ones last week we already talked about haliburton earnings they were out before the open drilling down to what else capital one financial they're coming out wind trust marine max jumping over to wednesday see what we have on the calendar alaska air ally financial abbot laboratories this is before the open alaska after the market close again more banks enterprise bank corp baker hughes energy stock they'll be out fifth third bank corp it's amazing when you go through these earnings how many banks there actually are in the terms of smaller banks that get even don't even get recognition in the market you see the number of banks bank corp bank corp bank corp financial financial all over the place financial services quite a sector in our country and there is netflix as well maybe that's wednesday we'll have to check that out their list says wednesday it is possible we'll get the details on that i thought it was today and thursday we really get into a plethora of the airlines american airlines before the market southwest before the market jet blue before the market open as well again more banks mixed into that as well scrolling down for names that jump out also comcast before the market intel after the market this is on thursday pre-port mac maran before the open on thursday and to wrap it up for friday american express the biggest one on friday i believe as they come up with their numbers before the open yeah some more banks mixed into the picture but jumping over to some of those airline stocks we'll drill it down on a shorter time frame jet blue quite a chart for all these the fees that these airlines have been able to take in pretty remarkable 1921 just off of the all-time excuse me the yearly high for jet blue 1993 united trading about 8970 right now and even as we look towards american express on friday axp quite a run for these credit card companies as boy oh boy 13152 eclipsing the 52 week high that we made back in july and if we put this excuse me on a longer time frame i mean check out the run that it had from the market lows of new excuse me christmas eve in 2017 you were trading at 88 dollars you have american express now at 13152 quite a number stay tuned folks i'm gonna come back for the final segment we'll wrap things up talk about what we have on tap today stay tuned we'll be right back i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your 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kind of hanging right where we started off the program dow futures negative by 71 points s and p futures negative by 10 nasdaq futures negative by 32 you see the s and p chart up there just kind of hanging out where these were in these lower levels 33 14 on the s and p jumping over to one thing that i want to mention we talked about asia we talked about the coronavirus pretty remarkable i got asia up here at the top check it out nikkei last night down nine tenths of percent shanghai 1.4 hsi 2.8 percent that having to do with hong kong falling more than two percent leading losses following a downgrade from triple a three to triple a two on monday as they have their rating cut on hong kong as they continue to slow all the news out there what we have going on check it out folks right after this program we got larry pesavento coming up live with trade what you see and of course a week from tomorrow larry will be in there with subscribers to fibonacci 24 7 a 90 minute webinar with his subscribers he just put out a weekend report he also put out a video of the s and p and gold this morning that got published early i encourage you to check it out the topics he's going to be covering a plethora of talk about topics over 90 minutes with his subscribers this workshop will be archived sign up new subscribers get a 30 day money back guarantee you can sign up for whether it's a 30 day six month or a yearly all of those come with a 30 day money back guarantee great time to sign up as larry puts out that report on the weekend and also he's got new videos already out there and as i mentioned those webinars that webinar archive will be available whether you can attend live or not but a week from tomorrow four till three excuse me four till five thirty p.m. one more check on the markets there's your dial 30 you see we are 29 208 there's your s and p 500 33 14 nasdaq 100 all the markets catching a little bit of a bid off of the lows crude oil not so much still under $58 there's your gold contract at 15 52 also tom albright just with a new issue of the gold report this morning as well he's got a couple of buys in there as well if you want to check that out on the front page of tfnn or eight under newsletters appreciate you joining me folks i'll be back tomorrow morning live at 8 30 every market day and stay tuned we got our man larry pence evento coming up live at nine i'll be back at 10 o'clock with tom live programming all day at tfnn thanks folks