 The following is a presentation of TFNN the TFNN Bull Bear Training Hour every training day live at 10 a.m. Eastern call now toll free at 877-927-6648 or internationally at 727-873-7618 the TFNN Bull Bear Training Hour now Tom and Tommy O'Brien welcome folks appreciate your girl and a problem with us out here we have the down industry is up 171 Nasdaq's up 58 S&P's up 18 and a half gold down $10 trading at $14.95 notes you get silver down 8 cents $17.85 cents announced light sweet crude up 8 cents $56.74 cents a barrel notes and bonds you get the tenure down 13 ticks 129.03 30 year off a full point at 158 12 and King dollar King dollar down 60 ticks trade 97 773 the euros at 110 the yen is at 108.92 and the pound is at 128 to 1 that US dollar we have the Fed on Wednesday if we go over to the bond market right now you know it's pretty wild that we're at all-time highs the Fed is expected to do another quarter point and then the market's gonna be saying well number one why and number two what do you do for me next when you say they're gonna do a quarter point they're gonna cut a quarter point yes you weren't paying attention you think they were gonna hike your all-time highs right they're gonna do it all right this is gonna be so intriguing folks okay yeah that you know we're at 1.75 to 2 yes that I bring it down to 1.5 to 1.75 you got it 90% right almost 91% in their priced in S&P's are at highs and then it's like okay so what's in front of us yes what is the forecast right what is the fear that's causing that for sure now tying it in though we get non-farm payrolls on Friday yeah I believe the estimates about 84,000 so that's what's being priced in that is not a number that we're used to we're used to what 175 150 130 220 you know yeah not 80 is that the new norm 80 50 40 are we gonna have months we don't add 80,000 for a home month yeah so that that for sure so gold gold on Friday gets to a higher high has volume behind the move and then just gives it up quite an acceleration early today yep there's no doubt so we take a look at this what you're gonna see we've done 192,000 contracts Friday you break top side you do 363 now it's gonna be intriguing here is that you know it's down good but the bottom line is that you your lowest swing point is laying out here at $20 law yeah 1478 yeah so we'll see what they can basically do inside this gold market what I do expect we're gonna see you can see on the intraday chop man that was that was a big sell right there look at that thing and that's a high volume low so probably get tested one to the left there there you go 940 okay right yeah so the the doll I'll get over to the dollar it's not like the dollars moving higher you know it's been going sideways five days of you know we got women up last week but you got sideways move and I guess it's heads up as to what's gonna be said and that statement yeah the S&P I believe the S&P as well as the NDX 100 and Azdec just got to new highs we get the spy 30366 I believe that's a new all-time high I believe you're correct yeah 302 23 was before that okay and then the NDX 100 yeah I mean you got Microsoft poppin 3% today on $10 billion cloud deal with the Pentagon right Amazon gonna be trying to fight that in court but good luck to them I believe so that has to do with just their assertion that President Trump just railroaded them for no reason which which he did if you read the news so we'll see if they the the thing it is amazing man I mean this thing goes back a few years now Amazon because Oracle had brought it to court because they felt that Microsoft and Amazon had a lead on it yes so that took a year year and a half and then you know Amazon was the lead dog and you know of course the bottom line is that guess what oh this is where you see that the you're talking about monster money which is 10 billion in the Secretary of Defense he opted himself out Mattis you're talking about okay okay there's been a lot of time because I read the article over the weekend that said that the Sun works for one of them the Sun his son his son works for Microsoft Amazon okay okay you know sure so he recused himself you're saying okay bottom line they said these are coming or whatever silver you know what's interesting here folks is this silver last week the silver equities were much stronger than the gold equity so it's going to be intriguing watching how this shakes out this week you know I like the idea that that has happened because you know silver is highly volatile when the equities actually stop moving it means something meaning the silver equities they can see silver gave it up also on Friday gets up to 1835 closes at 1780 has good volume no 134,000 you're backing down today but not at the end of the world only 8 cents yeah Tiffany's right Tiffany's not a bad day to be a Tiffany shareholder this is up what 23% of something you got yeah 30 bucks right now and you got Louis Vuitton right coming in saying that they want to buy it for 14.5 billion that that pegs it at 120 the interesting thing about this is that the market says wait a second alright they want to buy it at 120 they're probably gonna sell it but they ain't gonna sell it at 120 exactly yeah right and you know the thing that's amazing is that yeah LVHM that French company they that guy is something else he's one of the richest men in the world right LVMH to it is LVMH I mean every high-end brand you know now is him yeah you know we'll pull up the the description because I don't think most people are aware of how many brands that that yeah company H no LVMH well LVMH Louis Vuitton Moe Hennessy yeah so guess what Moe's in there Hennessy's in there but when we pull up the description man it's a big one so here we go Christian Dior Don Perignon Moe and Shendon move click a yeah where are we going tag here Bulgari Mark Jacobs yeah my god let's see they keep going man they keep going see your cosmetics exactly Christian Dior Bernard Arnoldt is the richest man in France and he's right up there on the world yeah he is that's quite that's quite a yeah yep so they're going after Tiffany's man and market saying they're probably gonna go after him even harder than they already did yeah with that unsolicited bit 14.5 up a little bit more that's right some of the high boy really PG&E I haven't heard this one this is so heavy folks PG PG PCG I believe it is PC PCG there we go yeah this is out of business it's just remarkable that it uh that it's continuing to not be priced in you know like why is something not priced in today that was not priced in on Friday or Monday I mean remarkable that we were just sitting at $7-8 yep and talking about the plan blackout spires and you had the high volume low at 5 something we're far below that 507 that's done and you know the thing that's crazy like if you this morning folks there's a couple more fights that are happening right now one happens to be right near the Getty Museum and if you haven't been to LA the Getty Museum is kind of in LA right outside it the correlation well I'd give someone if you're in Boston is like it's at Route 128 okay right next to expressway that's where that's where these people are leaving I mean you're talking about major you know not downtown where the high rise is up but you're talking about the belts that are going right along LA man you're talking about serious business all right we'll pull it up after the break I'm just interested myself if you're not currently using the Taz profile scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon the Taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll Taz understands that in today's technological world the use of top flight software applications and technical analysis expertise is essential to successful trading in today's 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launched our brand new website you can still visit us at the same tfnn.com URL but when you do you'll see a new and improved home page with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors call now toll free at 1-877-927-6648 internationally at 727-873-7618 welcome back folks down down is up 179 now is except 67 S&Ps are up 19 and a half and we were looking at that PG&E pretty remarkable man we're just going through the story over the break so they do have at least one additional fire in there they call it the tick fire so forth so I'm just gonna slide down here I mean this is just remarkable you're looking at the mandatory evacuation area here you're looking at the evacuation warning area here you're right by the Pacific Brentwood Park where were we just Mulholland Drive right I mean just very very known areas not in the middle of nowhere this affecting 30 38 of the 58 counties the amazing thing is that these gusts of winds man I mean this is like they got a mini hurricane but it's a gust of wind it says 90 to 100 miles an hour yeah that's remarkable man so with a question that does folks it takes a timber from one place a man that timber can you know go a mile away yeah in no time right and that's how you have these spread just in no in no time right literally right so near Los Angeles breastfire this burn them 400 acres forcing evacuations Mulholland Drive sell to the Pacific Ocean nearby Getty Art Museum is thus far far been spared a second blaze called the tick fire forced tens of thousands to flee north of San Francisco the Kincaid fire that's when we're talking about on Friday last week continues to rage in Sonoma County that has burned 40 54,300 acres forcing almost 200,000 people to evacuate you got down here a LeBron James tweet LA fires no joke had to emergency evacuate the house driving around can't find a room like you said at the break if he can't find a room who's gonna be able to find a room right practically a billionaire if he can't find a room let alone the average person so there is 38 of California's 58 counties affected so it's not something you just move out of like a very rural wooded area it's the entire region which is the scary thing so the largest number of shutoffs in Sonoma County where the Kincaid fire triggered a massive exit Saturday and Sunday state of emergency declared by the governor power was out in Oakland and almost all of our Marin County exactly well the city of San Francisco itself was spared many surrounding towns were hit you got Marin County everywhere and what you had mentioned down here which is just to tie it back to the economic part of things shareholder part of things which is a minimal part of things when you just factor in the human life aspect of things but the prospect of more liabilities and this is maybe what's hitting the stock from wildfires fires is especially vexing for PG&E since filing for chapter 11 in January the judge overseeing the case has warned that another big blaze would up and the utilities bankruptcy and potentially wipe out shareholders that's the judge all right yeah that's not you better be listening because he's as unbiased as it probably should get right any claims from new fires sparked by PG&E would have to be paid out first and in full before those from previous places get a dime that's pretty wild that is pretty wild so so last comes first in this case and it it not that it should it's it's tough either way right but it should in light of like that risk is already factored in right if you're buying the shares right now and you're factoring in you can't just eliminate anything that happens in the future man you know because then there's just no no accountability if that's the way it rolls I think the only way to make them accountable is that you're accountable in the future first because otherwise there's no incentive to repair all their you know infrastructure that they already know is a mess so they you got almost got away I see and that is I don't know how that gets turned around but hopefully for the people out there that's pretty intense 38 of 58 counties in the state the size of California which is the California is the fifth largest economy in the world is on the fifth or seventh it's it's up there if it was its own country it would be basically a juggernaut at its own yeah so we have some of the higher volume equities out here you got Roku up $9 you got that's trading at 142 Tesla's up five bucks 333 Virgin Galactic that's moving I haven't seen something like that for a while you haven't because that's the first day it's traded man listen it's the first day that we got space travel trading on a public and I referenced it during the 9 o'clock update the future is here man I mean that's the first time that we have a publicly traded stock for space tourism look at that and you imagine that you know the Jetsons is coming our way man and it's only a matter of time between before and I say a matter of time the time is now you got public companies so they went public at $10 okay trading 1273 right now they hit 1289 there this is pretty cool let's see so I wonder how this goes though because where was it trading look what this says it operates a blank check company the company engages in mergers share exchange asset acquisitions share purchase reorganization asset management other financial services so I wonder how can you go back to the description the name or the issue because it says it was issued in 2017 but maybe this is the first time it jumped to the NYSE maybe and that's the headline yeah maybe that's it because this see a this is pretty wild folks that when when the market gets really bullish which has been bullish that's when people can operate a blank check company so a blank check company is amazing that they actually got people to put money into it saying I can do anything I want to do they're in space travel and they're gonna be one quite an anomaly I think you know that's what they're saying they can do anything they want to do I mean that's that's that's what a blank check company yes they named it Virgin Galactic and yeah now they're only they're only I say only but you know they're only a billion dollar company so this isn't like the Uber where you're pricing it like 80 billion dollars right just burning through money right they're only a billion dollar company so now it's Virgin Galactic is this supposed to be Branson's I believe so let's find them then you know this is where this can get really pretty wild man that well we don't see it but I suspect that's probably get updated that is oh yeah Branson's yeah Branson's deal you got it man yeah pretty cool how about AT&T because they're number two on the list to kind of jump past them they came out three year restructuring plan they're gonna be selling off some assets to make Elliott management a little happy CEO staying on there through 2020 at least they're adding two board seats as well man their debt load though I think I read 145 billion dollars of debt really so yeah so so that's a staggering number man and I imagine that that is when Elliot came in and said sell off some of your non-core assets and I believe they're gonna be paying off the debt from the time Warner let me kind of just jump I think I might already have it back in CNBC when I was jumping around here because it is some staggering numbers when you get into it so they're gonna be two new board members selling off up to 10 billion dollars worth of non-core business next year and when you really get into it so Elliot has a 3.2 billion dollar stake the CEO Randall Stevenson remained CEO through 2020 and I believe the debt numbers are down here man because they are staggering there we go reduce its debt pile of 153.5 billion dollars they are in there and I believe they want them to completely eliminate the debt that they had from their time Warner acquisition which is still on the books was that time Warner and well AT&T time Warner I believe yeah and then you had what's what was interesting is that the Joker the bottom line that's a big hit for time Warner yeah highest grossing our rated movie ever I saw it myself it was pretty good check it out if you're interested what happened though is that time Warner didn't think it was going to be yeah and they sold 50% of it and the director and walking yeah walking Phoenix the actor good for them because they didn't think it was gonna be a hit this happens a lot I mean the biggest movies out there are not our rated you don't realize it most of the time is our great our rated movies but when you talk about billion billion billion it's mostly families it's mostly that type of movie that can really deliver but stay right there folks time and I come right back down 286 Nasik up 72 S&P's up 20 come right back hi folks Tom O'Brien here if you'd like to get my daily newsletter market insights then now is a great time to sign up for a 30-day free trial every morning by 9 30 I send out my morning letter to subscribers with market commentary on a variety of markets currencies and commodities to keep investors up to date on the day's trading action included in market insights a specific buy-and-sell recommendations for stocks ETFs and even options which stops and price targets included for every trade in my newsletter if you'd like to try my newsletter risk free for 30 days then head over to the front page of TFNN and you'll find market insights under trading newsletters I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead I even issue afternoon updates for my subscribers whenever warranted with 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find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com folks and over the weekend Bitcoin had quite a move like a $3,000 move $2,800 move it sure did man look at that run up so when is that that is Friday evening I believe 9 o'clock at night yeah October 25th is that Thursday night I'm not sure these price but you see the price tag right so we go from 7,500 up to 10,300 we've settled back at about 9,300 and still that's from you know and what we're getting here is you you avoid the weekend right there's no weekend action that's the more the future or you know XBT and you still almost made it on this one up to 98,63 the high 99,33 you want a little volatility look at that and I believe there was this is China President Xi okay had some positive remarks and the world said whoa there you go China and do us a blockchain okay that's that's a welcome remark I'm sure so after China's government through its backing behind the digital coins underlying ledger technology so the most rated crypto briefly exceeded 10,000 over the weekend a level it hadn't touched in more than a month surged Monday to 99,34 trim those gains a bit and I guess the whole crypto index would be up yet advanced so let's see if they get into the latest leg of rally cropped up after China's President Xi said Beijing will increase investment in blockchain technology and invests in official with China's central bank also said blockchain technology can help with commercial banks risk control and ease borrowing difficulties for smaller business well China must have figured out a way to lock that down them for them to say that yes because they must be terrified actually of an unregulated currency market the way they like to clamp down right anything it's gonna be their currency market that's that's that's why they like this you know I mean they'll use this as the central bank and then they'll know everything because they almost know everything about it anyone right now sure you know but going forward that this is right up their alley you know I mean because it's like okay you know when you when you're in China I forgot whether it's a $5 bill or $20 bill there's nothing higher than that yeah you know it'd be interesting though one of the things people love about cryptos though is the anonymity and you know and that stuff so yeah they won't have that choice there though yeah yeah you know what I'm saying so it's pretty wild the well we'll see where this dollar wants to go I mean they don't I know what to do I want to go to this bond because so the bonds folks okay you know this is going to be like the market I suspect gonna send me okay what are you gonna do for me now now we're coming into the September 13th last swing low and let me just look at it now this morning we were coming into a much lighter volume 460 yeah we are you know it's the same gonna do 460 word we're the 30 year right now is at 128,000 we're coming into 460 now it's not holding price so that's saying that yeah you can get on a 157 17 and I just point out that we got fed come in two days from right now man we're sitting right at that level you could usually get some action with some volume oh we will come Wednesday we will when you get yeah a cut expected and then you hear from the chairman in terms of what's coming down the future why are we getting a cut what are they worried about how worried are they right and then we get jobs on Friday which is pretty cool right on the heels of it yeah so let's look at the next cut that's oh look at our father that's way down okay yeah we got it yeah I think it was a little bit higher for December but we're still this is that's held pretty steady for two cuts about 35 to 40 percent somewhere in next year but that has come down because we had two to three cuts priced in there pretty certainly and now it looks like we're getting a cut and then they might pause for a bit but that could change quickly depending on what the chairman has to say yeah on Wednesday what's the market gonna say when they pause we get over to the yen now for all you folks that are in the metals market this is we're still right in a very dangerous place with this yen you know the end so the number to keep your eye on is this 10932 which that's with that that was the down draft in August and you can see it's hanging at these eyes man I don't want to see it break that 10932 because that would be saying that gold can take a big hit man so yeah so a higher price level in this is pointing to a weaker yen yes that is pointing to a stronger dollar a stronger dollar not good for gold when priced in dollars to put that whole formation in and we go to the Euro we have Brexit extension till January yeah so the Euro sideways today 110 the pound we're gonna get a new election over there they're trying do you hear the new thing so Boris wants a new election they need two thirds majority right to do that but I heard one analyst talking about today they may try and change the rules to make it a simple majority to hope a new election somehow I don't understand that changes the rules all over the world right now that's that's the bottom line so that pound you know we're 128 the pound does look like it wants to go to 133 so we'll we'll see how that baby shakes out but that that's a good move how about Walgreens WBA Walgreens boots they came out with their earnings today as well I believe getting a little price action to the upside yeah they are quite a quite a trading range right there right down to 54 93 that's just as the market opened but up to 56 and just hanging at that level yeah yeah so we've let's see what is this that's 97 and that's a long time ago it sure is four years ago yeah can we go into the news around yeah I just want to see what they came out with exactly oh maybe just the top one had it okay go for it okay so there it is earnings per share buck 43 the estimate was a buck 41 year and year it was 148 so they beat slightly in the estimate the range though it's a big range 135 to 145 they come in at 143 retail pharmacy comp sales huge man still a big number three point four percent on comp sales for right pharmacy net sales not bad almost 34 billion the estimate pretty close 33.88 wow yeah gross margins 21.5 percent estimate was 21.5 percent and adjusted operating margin though decreasing they don't give you the estimate but and that's where the stock somewhat unchanged as it's kind of digesting that just mammoth numbers though for Walgreens big numbers yeah there's a drunks to us yeah just going away no no no we live in Florida man we got we got we see him on two on every quarter man yeah on every corner right and I believe there's one of the zip codes down in Lago is one of the largest Walgreens in the whole country okay and it has to do with you know your next door hospital yeah retirement community I'm sure it's a demographic yeah that's there's no doubt about yeah the XAU the hui well actually let's look at the GDX so we'll see what kind of pullback we're getting the volume characteristic isn't sad this GDX that's light volumes good so you know we went higher on Friday 59 million at 59 millions going at the 75 that's still not enough but it was good number but today is anemic on the way back 9.9 million you've rejected 2708 at this point yeah so it's intriguing so the the equities are still trading somewhat stronger than the actual metal you know I think what ends up happening also is that you know when you get to this higher price here at $1011 it's not a lot of money I mean what $14 is 1% right so right $15 is 1% you know we're taking look at the gold contract yes look at 1070 that's a lot that's a lot yeah now down 173 now it's like up 69 S&P's up 19th they're at the FH coming out of come right back if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg Florida the tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1550 per year or 6200 over the four-year period that's same $50,000 investment in the Tiger first 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on your mobile device 24 hours per day go to TFNM dot com and hit watch Tiger TV that's TFNM dot com and hit watch Tiger TV for the latest market information back folks so we're gonna have Amazon Microsoft and the Defense Department kind of a shaking it out here it'd be interesting to see how it all plays out but on today man Microsoft the big winner for sure as they jump to an all-time high on Monday okay you this baby right so this is a break top side after consolidation it's got to be a break top side when it's at an all-time high man so let's take a look with that on a weekly yeah it's gonna be interesting I mean if we get on a weekly folks this is now watch this we were pushing the swing high last week with volume 143 million that one's 135 million yeah that was 143 yeah now you break it with volume this could be an ABC up man yeah this is like wild and you're looking at a weekly chart here yeah it's an hour into the trading week and you already have 16 million shares traded right so pretty intense it is put this on a monthly just for a second one-way move man look at this oh look at on the monthly year you're 480 million 477 you're already there and we have almost all week left I believe we are Thursday the 31st Halloween so we got four full trading days almost left it's a big number it's just Amazon is they file a suit yet I don't think they file the suit yet but they're coming after it and one of the tidbits that I'm sure they'll be referencing just an interesting so this is talking about Mattis was told to quote-unquote screw Amazon out of the contract by the one and only President Trump and you know his reaction is pretty interesting in terms of relaying the story to a small group you had Mattis saying we're not gonna do that this will be done by the book both legally and ethically probably implying that what the president was asking is not legal or ethical so Amazon who knows if they have some footing I said to you the break man this is why the president's important he's the commander-in-chief I wonder what they're gonna the courts are gonna do when it comes time to say whether the president has the right to choose somebody like that right but you know you have the Secretary of Defense well respected as they come Mattis kind of pushing back on what the president wanted to do so I'm sure Amazon has an argument whether that argument will succeed will be something that plays out for a year okay I was gonna go through that article we'll get to that article at some point because it one more time because it because it references here that the big part like you said $10 billion not a mammoth number right you have Microsoft worth more than a trillion dollars okay but the big question here is that their second to Amazon already and where is it that's the add-ons it is exactly the numbers impact is inconsequential only a minimal contribution of Microsoft's earnings expected this combined with the fact the contract was awarded a highly political charge environment makes the long-term impact of the word less than tangible the key will be whether Microsoft receives any follow-on awards or traction at other agencies right now they're gonna be a big player so far Amazon appears to have a substantial lead in public cloud adoption but a trend towards more centralized procurement of cloud as well as hybrid purchasing puts Microsoft on an even better footing and at the same time innovation in Amazon keeps those prioritize innovation coming Amazon's way yeah yeah and if we pull Microsoft doesn't break it out but Amazon is growing this AWS at 45% let me see okay seven percent of something last time we pulled it up yeah it might have changed since 48.2 not bad man right can you pull up Microsoft and just seem curious what they break down yeah they may start breaking it down if they start getting contracts like right yeah so they don't have an intelligent cloud I wonder if that's it I wonder yeah it's a lot less if that's it yeah that could that can encompass a lot of things though right that might not be just exclusive to what they're talking about there and if that if that is it though that 10 billion out of 39 billion is the big number man it sure is yeah so and what's gonna happen that's a yearly revenue the $10 billion contract how many years is that over though right yeah probably not for a year of work as in $10 billion over X amount of years but like you said now you're now you have a footing to go say to other people hey the government just put their faith in us why aren't you putting your faith in us exactly so inside the Dow industries let's take a look well first off I don't believe the Dow's at a high yeah that's no yeah so getting close where I was gonna say maybe back it up I don't know if that is the high yeah I guess it is 27 398 okay we'll be there by 2 o'clock yeah so inside the Dow the move is out here today on Microsoft of course and apple but Boeing Boeing is up there so Boeing's put 34 positive points Goldman 24 Microsoft 22 United Health 17 taken away from it big Mac down 18 negative points that's about it that's about it can we get into McDonald's what's what's going on with them yeah you know this is gonna be interesting the you know they bought this company that what's happening with Mickey D's man is intelligent software yes that they're gonna be able to excuse me basically speculate what you are actually gonna auto which is a mind blow yeah so I'd love to know I guess I could see how you come up with the oh definitely I mean that's already happening you pull up Amazon everybody doesn't get the same page at Amazon right they especially if you have an account there let alone you did just track in your cookies on your browser but they know what you've seen they know where you visited they know the sites you've been at right McDonald's gonna do the same thing man I've talked to I've read things where they're gonna know your license plate all right you're gonna round the corner they're gonna know your license plate they're gonna know what you ordered the last time the order screen is gonna be tailored to you I mean it makes sense it's it's Jetsons it's coming at us man it doesn't make sense yeah and what's going to see what is there any hardcore news that's driving it so I mean it's yeah we see that it's lost for a fifth day it's a technical deal I guess I mean it's just quite an extension of the losses coming from their earnings on that day it just doesn't stop I mean you're down from 210 to 192 yeah and what does happen for these big trend follows this is we put this up there I don't like it want to close I mean that's it's below every the 50 the 100 the 200 no matter what and you don't like when that is a trend from 220 and you're going all the way back to September 9th September October you're almost two months of kind of lower lows lower highs and then Popeye is coming back with their chicken sandwich and they're gonna have it available this time that was the big deal right folks they're gonna do it on a Sunday if that's when Chick-fil-A is closed okay so the chicken battles are gonna continue I'm big fan of chicken man so yeah this should be a lot of people are because they sell a lot of chicken yeah there's no doubt about that definitely so small caps let's go to the small caps the small caps topped out July of 2018 and you know pretty amazing you know we're looking in you know at the aspect of all-time highs here and you still pretty far away from it I would say so man 73 39 in the IWM yeah that's more than 10% right 10% right now from where we're trading at would bring this up to about 172 so not even you need a 10% actual rustle up I'll bring the actual in to see up to the ETF and I'm sure it's probably gonna be pretty close right yeah but remarkable 10% that's nothing nothing to shake your head at man now it's remarkable that we're 10% off the eyes but man oh man what are we off the lows already what is that number 1266 we're more than 300 points we're like 25% off the lows for the year and we're still 10% away so yeah folks Tommy and I come right back iPhone numbers eight seven seven nine two seven six six four eight we have the Dow industrials right now trading up 160 now it's like up 72 S&P's up 19 come 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 is share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 six and three timer digest also ranks me as the number one market timer for gold as well the fact 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Bear Stearns and it talks about a possible economic slowdown so kind of getting ahead of things right trimming some of the costs ahead of that so their new Manhattan headquarters meant to be an ode to both the company in the city and monumental glass and steel tower nation's largest bank grew up here but new york may be losing its luster spite more than whoops whoops scroll up two centuries pretty remarkable of history in the city synonymous jp morgan is quietly shrinking its workforce there the bank's been building up its presence in other locations is now considering relocating several thousand new york based employees out of the area to help reigning costs ahead of a possible economic downturn um one option is to sell the investment banking headquarters at 383 madison av along the main hub for jp morgan's bankers and traders a get execs are deciding what roles could be relocated go ahead where you get plano texas columbus ohio wilmington delawit and you know right in Tampa where you live your city group has a big um programming hub there okay so they started that a few years ago so jp's already made plans to move hundreds of new york-based credit risk jobs to texas and to station some senior level employees of the consumer bank there according to people and uh they've also told some staff that new york region may no longer be a hub for compliance now i wonder what they'll keep there yeah but maybe compliance they already figure out that doesn't have to be in the epicenter of new york you know the new york stock exchange so we'll see but makes sense man cost of living cost of real estate cost of everything right taxes watch out totally stay right there folks you get that think it's going to come out next and we get on man mr valsal chap and steve rhodes day wait i'll be back this afternoon thanks about thanks man well go get them folks