 The following is a presentation of TFNN the morning market kickoff with your host Tommy O'Brien good morning everybody I'm Tommy O'Brien coming to you live from TFNN Wednesday morning 9 a.m eastern time we got about 30 minutes to go until the start of trading we're going to mix market to start things off right now folks you got the S&Ps positive by about four points trading at 46.91 NASDAQ we'll call it flat it's excuse me S&Ps negative by four points NASDAQ 100 positive by one we get the Dow off 54 points right now we get the Russell off by nine points right now and I'm going to jump right over folks I was a little bit rushed this morning because I was getting ready for Mr. Pezzavento's live trading webinar which just kicked off in our tiger shop room if you head on over to the front page of TFNN folks you'll see Larry's beautiful face up there he's in the tiger shop you can still sign up for his live trading webinar folks kick things off right at nine o'clock he'll be in there till 2 p.m. eastern time that will be archived if you can't attend the full five hours but he's in there there's a good turnout in there already I encourage you to check it out folks and Larry he will not be doing a show today because he's gonna be live trading so check that out kicking things off should be a good day hopefully for some live trading action in the market all right we jump back let's jump to commodities right now Bitcoin a little bit of pop this morning back above 60,000 we look at Bitcoin we're trading right now at 60,360 you jump over to crude back under 80 dollars crude trading at 7935 we're going to talk to our man Teddy Kekstatt at 40 past the hour as we do excuse me for that still making sure I'm settled in the right room everything going on um Teddy Kekstatt we'll be talking crude we'll be talking some forex we talk to Teddy every Wednesday at 40 past the hour we got gold contract catching a bit this morning up about 12 dollars at 1865 this morning we got silver up about 20 cents right now and we jump over and kick things off and let's kick it off with uh target why not now we had Walmart yesterday trading a little bit lower and target top certain estimates but fair shares fall as retailer focuses on keeping customer prices low it's going to be a common theme folks in terms of how they fight through uh what we're dealing with in terms of pricing uh Armin Dave White had a great update out for his newsletter this morning path of lease resistance I was reading that early this morning and he made a great point out there just talking about um where are you getting your goods from in terms of if you're dealing with overseas production target Walmart maybe a little bit of a problem you're dealing with more domestic in the likes of Home Depot and lows maybe not as big of a problem there's your action on target we're down about uh what is that 12 bucks right from 266 down to 254 right now down to 254 and we jump over to uh lows this morning uh accelerating higher from 245 we're up to 253 right now on low shares and we jump over and see what we have happening on target target tops earnings estimates but shares fall as retailer focuses on keeping customer prices low uh target top earnings for the fiscal third quarter we get down to the numbers earnings 303 a share versus 283 revenue 25.65 billion versus 24.78 billion net income jumped to 1.49 billion uh total revenue how about total revenue right these companies talk about crushing it rising to 13 to 25.65 billion from the same period a year ago and uh comp sales in the third quarter just staggering numbers across the board in terms of what they're dealing with uh strongest month of the quarter was August you're talking about back to school store comp sales increased 9.7% digital comp sales grew 29% how about that number uh as it gears up for the holiday shoppers coo john mulligan said the company's making long-term investments uh key seasonal moments but nonetheless you're talking about trading lower on target shares this morning we jump back target shares down to 254 we jump over to walmart walmart there's your action yesterday to 151 to 142 right now uh and we jump to home depot from yesterday's action holding well at about 391 and again lows this morning trading higher to 253 lows has just been quite a juggernaut to the upside look at this run that lows has had you back it up to august we're at 184 we're going to open today at 253 for lows dramatically rising on that one give me one sec because i jump around to what else we have going on here all right in terms of other movers we got to jump over to rivian so check this one out rivian yesterday i saw i had eclipsed 150 billion dollar market cap this stock just does not stop folks rivn is their symbol uh and looks like it might have stopped overnight so we're up to 179 we pull up the analyze tab we jump over right now you're talking about 136 billion dollar market cap at that price remarkable when you think about pre revenue pre revenue company um kudos to the CEO of that company you talk about getting it done man not many people and they got a hundred thousand dollar hundred thousand car order from amazon but not many people folks could push out a pre revenue company and value it at 150 billion dollars i watch shark tank a lot i like watching that program talk about innovators entrepreneurs uh and the sharks and listen those sharks they they they the conversations are entertainment most of the time folks um because they try and get deals that no venture capitalist would give them in any way and they're always talking about pre revenue you know oh you have a million dollar valuation pre revenue you have a five million dollar valuation pre revenue how about 150 billion dollar valuation pre revenue that's what rivian's doing this morning pretty remarkable let's jump over to some of the fang stops this morning amazon shares opening up a bit uh we're up about 15 bucks for amazon microsoft shares so far this morning flat we jump over to google shares google trading up a bit as well we're going to open above 29 now they get a bit ask kind of splitting that difference there over across the board and we jump over to what else we have going on in terms of earnings still many companies out i'm going to pull this up here in a moment so we talked about target and let's jump over to lows real briefly lows beat estimates expectations for the fiscal third quarter got a boost from online sales same store sales rising by 2.2 percent in the three month period uh the ceo said sales to home pros that's really where they're going to catch up to home depot we're 16 percent in the third quarter uh quite a price tag there let's jump down some of the other stocks that are moving we talked about lows and target those are the two big ones uh is that another sale for tesla shares for elon moss tesla this stock has held up so well remarkable when you think about it we're trading at 1060 right now tesla uh positive in the pre-market we were up to almost 1080 though as elon continues to dump shares uh yeah lucid lucid they are really flying as well check out that acceleration yesterday overnight some volatility up to 62 you're back down to 54 right now for lucid shares and we jump to notes and bonds to take a look this morning we got the tenure basically flat at 130 oh six you got the 30 or negative eight ticks right now at 159 24 and we jump over to the vex the volatility index this morning up a bit to 16 46 uh remarkable resilience in this market you're looking at an s&p when you put it on a daily basis uh right now within 20 points of an all-time high folks back within the upturn channel remarkable all right folks stay tuned we'll be coming back right after the break i'll be right back stay tuned folks everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing 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to succeed these newsletters are packed full of tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get tom obrien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors sharpening your skills as an investor is like getting better at playing a music welcome back folks we got the s and p is negative by two right now we got the dow negative by 48 and nasdaq 100 positive by eight let's jump over to our man kevin hanks every trading day noon eastern time folks kevin hanks tom white the team at TD Ameritrade Network fast market breaking down the day's market action walking you through hypothetical trade setups in this market talking about defined risk using options kevin hanks good morning good morning tom you're brian you know a lot a lot going on today even though in terms of economic data there's not a lot some mortgage apps and some housing starts but you've got well fargo upgrading bowing that that'll be a nice mover today you've got target down now about $13 maybe should have figured that out after the walmart move uh you got lows up $10 you got tj max tjx up four so pretty uh interesting day setting up here tom it is pretty remarkable kevin you take a look at uh target even for instance target closes yesterday at 266 as you said we're down above 13 bucks right now trading at 253 253 kevin takes us back almost four months just like that we wipe out from july now uh we had some real volatility in that time frame even in target shares we were down at 222 recently um but strong numbers man strong comp sales for these companies but target dealing with some woes maybe for supply chain issues maybe some margin issues uh and on the flip side of that kevin we have lows trading higher continuing the run they got a boost yesterday for home depots boost and uh looks like it wasn't even enough on lows remarkable the low uh the you know just the performance of some of these companies lows now was just trading at 180 back in august and you're going to be trading at 250 this morning kevin um remarkable as you get some winners and losers in here home depot and lows looks to be winners the last couple of days walmart and target uh a little bit of a divergence there not quite getting it done what's your take on kind of those two comparisons now that we got the numbers from all four of those companies out yeah a little bit of margin pressure at some of the retailers and walmart although man it i don't want to live in a world tommy we're 140 billion dollars in revenue is not enough to make a stock go up that is incredible the numbers that walmart put up and still the stock sold off so listen i think these companies are fabulous and any weakness in target should be traded eventually and the same with walmart because these companies they're they're slowly but surely taking over everything that's retail and it's just a matter of how much market share they get from each other so let you know i vote the numbers that these companies are putting up are just spectacular in their in their in their you know the entirety of them so um yeah these are tradeable events but clearly tommy the home repair surge continues it's crazy man i mean it's it's got to be pretty cool to be a ceo of a fortune 500 company except for when it comes earning season sometimes kevin because expectations man you look at the comp store sales just like you're talking about massive growth comp store sales were just big time across the board on these companies you know i don't have the numbers in my head they're just big numbers across the board and they trade lower it's got to be tough when your ceo or any executive in these companies man you come into the earnings event right and you say ah we're going to have comp store sales of you know five percent growth nine percent growth we're dealing with we're going to have revenue like you said of 140 billion and then somebody in the room says i don't know if the market's going to like these numbers because our margins and you say man talk about expectations so we move from these numbers kevin we still got some numbers coming out this week for earnings we got some chip stocks potentially what are you guys going to be looking at on the program at noon eastern time coming up today you know big show today obviously these markets are dominated by retail but today in our first segment we're going to look at the most high profile name of the week and that is invidia right so we'll trade invidia like folio will do a presentation on retail so we'll trade coals in the second segment and then macy's the stock that's up what is it like a hundred and eighty percent so far this year so we'll trade macy's in the final segment and you got navidia up a solid fifty percent kevin over the last six weeks not a bad run either and coals interesting story i'll tell you kevin i was looking at some christmas shopping over the weekend i was doing price shopping we're going to get one of those play kitchens in the house right we got a four-year-old in the house you know you got to get one of those play kitchens you got to get plenty of things they can play with uh we're price shopping at amazon we're price shopping at walmart we're talking to the house of saying walmart usually gets it done on price they do and then what happens kevin coals pops up and who's the winner coals is beating amazon and walmart now this is anecdotal folks it's one item okay but i was surprised that you had coals beating and that's where we're going to end up buying this thing it's more than a hundred bucks um and then you get some coals bucks on top of it and coals got some good stuff you know as in that probably will get used during the holiday season and i said to myself man how is amazon and walmart getting beat on price by a company like coals now that doesn't mean the company's gonna go up folks because who knows if coals is making any money if they're beating amazon and walmart that's where my head went to next but it is pretty interesting kevin how fierce that competition is when you got a company like coals that is competing at least on price with amazon and walmart the two juggernauts well in this big box retail story right we only talk about target amazon and walmart so coals has got to find where they fit in in this big box retail story so they've got to find their lane right and somewhere where they can be the best in the world i don't know what that is but i'm sure they're trying a lot of different things to carve out their little area of the retail market i was impressed you know because what i mean just maybe this is how it goes right right so i i save 15 20 bucks there they give me my coals bucks for 15 bucks and then what do i might do kevin i might go in the store spend 250 dollars when they give me my free 15 bucks who knows i'm just that's that's one avenue um because we know you can't walk in a store and and use a coupon most of the time use the coupon and you end up spending something else especially during holiday season well kevin we look forward to the conversation navidia gonna be interesting one of course and i'll be watching for coals coming up at 12 noon eastern time today man you have a great one you too tommy thanks so much man stay tuned folks we'll be right back are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tigers den trading room only at tfnn.com the tigers den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with the sharpest minds in the trading world subscribers to the tigers then are also the first to have their questions answered live on air and can 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little bit of volatility priced into that for sure we take a look at this chart spending quite a consolidation we put up the three-year weekly i mean you made it up to above 60 bucks early in the year below 50 bucks just recently but for the better part of the year you've been between 50 and 60 dollars kind of right where we came into the end of 2019 now we back this up even further for some context you were all the way up to 82 okay and look at this volatility we've had in coals man um up and down and all around dating all the way back to really 1998 we've never made it above 80 i say never i shouldn't we made up to 83 but for any good period of time uh and on the downside you've seen 40 bucks many times over the years and we are literally smack dab in the middle of that area at about 60 bucks on coals they jump over from market cap wise we're talking about a market cap right now of 8.8 billion dollars not bad nothing to shake your head at in terms of that is a real valuation for this company and we'll see how they trade on their numbers tomorrow okay jumping around what else we got going on i wanted to jump real quick to target to jump through on those cost pressures because this is going to be a constant theme we will talk the company isn't foisting all its cost increases onto customers said the cfo echoing comments by wal-mart gross margin fell in the third quarter on higher merchandise and free costs now you heard me say wal-mart usually bests on price right and they target excuse me coals is somehow beating them on this just one item toy that i'm looking at but target said a similar deal and it's interesting that wal-mart of all things they are known on beating on price and maybe they're the one that may have some trouble now target i guess is doing the same deal here but all we've been hearing about is companies being able to transfer the cost to their consumers doesn't seem like that's going to be the case for some companies wal-mart may be struggling to hike those prices up considering how price conscious their consumers are we're definitely protecting price i believe that's the cfo yes it is the cfo michael fidelki saying we're seeing cost increases than a higher than our retail increases so costs are going up at a rate that they are not able to raise them yet the warning which took shine off of an otherwise strong quarter i'd say the same thing with wal-mart strong strong quarters this is the only thing but guess what it's a big thing because it eats away of profits fueled anxiety among investors that retails will absorb part of the pain from rising inflation and sacrifice a portion of potential profits to avoid seeding ground to rivals excuse me now amazon's been the king of that in terms of amazon has no worry about seeding potential profits to make sure well i should say sacrificing potential profits to make sure that they avoid seeding ground to rivals and i would say it's a critical point in these companies growth stages as in everything is transitioning to whether it's online purchases um order and pick up at your convenience the last thing you do is want to fall behind right now uh you want to position yourself as the company that you can order online pick up at the store order online same day next day delivery type deals um it's probably in their interest in the long term to make sure that they don't allow their competitors to beat them out on price for a short term period uh and make sure they keep their customers happy i mean that's one thing amazon does so well folks they keep their customers happy i remember in the early days i think i've been a prime subscriber for like 10 years and the one thing they were great at is that they would just give you if you didn't get a package within two days man they would give you right away like a $20 bonus they'd take $20 off your next prime they'd make you feel right they'd make you feel like you got what you wanted from that transaction as opposed to you know something doesn't show up they say sorry they say you know you can we'll get it to you next day it's just really important to keep your customers happy and that's what you're seeing here because walmart target they're competing with amazon and they know that amazon gets it done in a big way uh you look at the growth for these companies man talk about the pandemic being kind to a company like target these are same store sales folks year over year it's bonkers 20 22 percent now it's decreased a bit but what i want to comment here is that so the last two quarters second quarter and third quarter here for target we're talking about same store sales versus a year ago are up nine percent last quarter and 12.7 percent for the third quarter that's same store sales year over year well look where the second quarter of the third quarter or last year the second quarter was up 24 points percent and they still went up nine percent the third quarter last year was up 20 percent and they just went up 12.7 percent on that number I mean folks for simple math if you're doing a million dollars well a 20 percent bump would be 1.2 million and then you've got to add another 12 percent to that what's that going to be that's going to be another hundred and twenty thousand dollars at least on that so you're talking about going from a million dollars to go two years ago to do an almost 1.35 million just using simple numbers point being you're talking about same store sales growth of like 35 percent over a two-year period folks I don't need to tell you and you even go back further they still had some great growth look at where they were for second quarter in 2018 6.5 percent 5 percent just staggering numbers as Kevin said it's remarkable the numbers they're putting up with profit might be a problem in the short term but I would agree with Kevin in terms of when you're looking at these companies okay these companies are not going BK anytime soon they're not losing revenue they're struggling a little bit to make margins and they're doing that because of supply chain issues that are causing inflationary pressures on their costs of goods sold that are going up and they can't raise the prices fast enough to keep up with that that's not going to continue forever folks okay these revenues the same store sales are rising eventually they're going to be able to pull that one back in collect those profits much like Amazon did in the same way Amazon up eight tenths percent today as we look at that let's jump over to video shares Kevin mentioned the video coming out with their earnings I believe it's tomorrow or is it after the bell tonight after the bell tonight the video will be out with their numbers we're looking at about a six percent move priced into the numbers for their options sixteen dollar move for a three hundred dollar stock a little bit of a pullback we get back four bucks right on the open now the one thing I will say folks you want to talk about expectations we got a double bagger going on in the video shares over the last six months and as I said you're up 50 percent if you're on margin that's a hundred percent bagger right it is you buy nvidia on margin in october and you've doubled your money and it's november 17th keep that in mind as you come into earnings folks and you got a five percent move priced in this thing has been a one-way shot to the upside for nvidia shares I believe we had amd out with their numbers is that earlier or no no that was a couple weeks ago amd trading hired yesterday you're giving it back a little bit with the chip stocks trading slightly lower this morning amd down about one percent so far we jump over to google shares google flat at 29 81 let's see how tesla's trading this morning up about six tenths percent holding up pretty well tesla shares all right we're going to be talking to our man teddy keg stat we get back from this break one thing I want to talk about here goleman saying market greed is now outpacing fear dramatic change in is needed in climate transition solemn says china's going to continue to support financial opening they got a bunch going on in here but goleman CEO whoops let me that's talking to me I don't need that oh that one's talking to me too markets could face a rocky time ahead as the global economy seeks to emerge from the abrupt impact of the pandemic keep your eye on profits folks walmart target a little bit of a heads up but it's been a strong season we'll be coming back talking to our man teddy kegs at folks stay tuned are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clearwater markets tiger real estate llc is a firm that has extensive experience in the tampa bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the tampa bay area to help 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carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv welcome back folks we get the smps right now negative by six let me make sure i got my chart up there let me get that chart up there we go we got the smps negative by six right now folks we get the nasdaq positive by eight let's jump over to our man teddy keg's dad folks every trading day you can reach teddy at four x dash trading dash unlock dot com we talk to teddy every wednesday at 40 past the hour teddy keg's dad good morning good morning tommy so let's kick it off with some crude why not teddy because we love the crude you've been calling it well man for cheese we're going back what four five six months at least now a little bit of a pullback in crude under 80 bucks but all things considered sitting pretty comfortably at about 80 bucks at this point talk to me a little bit about what we got going on on crude right now all right crude right now i think you just need a little consolidation holding pattern that's it i think it's just a little pause for the cause before the next bull rally happens not a doubt that sums it up well man that's it why not we'll move on uh but i agree i mean it's because people love to talk about it say let's jump in terms of oh man the pullback right we're down four bucks we're up four bucks um i got the chart here going back to just august when we were trading at 61 dollars something like that um and you know i deal a lot with fibonacci numbers teddy i love them the 382 is just a healthy pullback in my opinion um of course stocks are going to move in that direction occasionally even within a bull run and we haven't even come come close to that yet on that one run we had over the period a couple months let alone if you start looking at the trends we've had going back even further um right this crude market where let me ask you this where would crude need to go to to kind of change the landscape potentially of things um because man i see it all the time now on facebook people posting their gas prices you know you can't somebody yesterday posted an $80 fill up for their big fort explorer stuff like that um where where would that market need to go maybe to to change the tune that we might see lower prices um anything like that on your horizon or what do you look for us to that market no i'm not i'm not even remotely bearish to oil business especially with the with the climate right now with the administration with what they want to do with the northeast absolutely not that's all that that if anything's going to just add fuel to the fire to the rally without a doubt so i really truly believe right now it's just a pause for the cause but for to buy in right now i would say this is a buying opportunity not a selling opportunity you know there's no reason to see even remotely a correction in oil now would it would it impact the markets absolutely i mean the oil market would have to get below 60 before any barometer is even going to start to say oh this might help slow inflation slightly in the present not anything is catching up already you got to remember that's that those the inflation that's already running into gear right now a break in oil is not going to put anything at any stop on that what it may do is slow down what's going on you know um but we would need a significant reversal in oil to get back below 50 45 dollars a barrel for anyone to even say hey maybe things are starting to slow down and balance out and you got to remember that there's a new floor in oil oil can't get below 35 40 bucks a barrel anymore because since they got rid of the pipeline a bunch of other rules since january 20th warren buffet is moving all the oil in the country now via railroads so that is now causing an artificial floor in oil and until that policy changes which it's not going to change anytime soon you're not going to see oil really have a big sell-off for quite some time you know it's interesting too i started thinking about as i'm seeing you know more and more people just talking about gas prices and $80 you know to fill up a gas tank um it's remarkable where we've been in terms of when we had the last time that we had crude up at four bucks you know or gas prices up at four bucks stuff like that people started getting away from suv's right well boy it's been a long time since that happened man i think i was just googling it during the break um and i was like what car company did it and i thought it was for and i think it was for it in 2018 they almost like stopped selling production of passenger cars because they were just making so much money off trucks suv's and crossovers um that's got to be a big influence right now too man and everybody loves suv's uh trucks you know i'm near central florida man everybody's got a forward f-150 pickup truck or something like that to go along with their forward explorer um that's you know not enough people talk about it that we kind of got lulled into thinking and i that you know it's it's just interesting right that people forget so quickly they look into these big vehicles that are gas guzzlers and then you say hey you know gas was not going to be two bucks a gallon forever folks um and that's got to be a big influence as well that's hitting that market as we're all rolling around with those cars all right let's jump to some of the currencies teddy where do you want to kick things off for currencies all right well we everyone knows that the dollar index is exploding right now since we talked even last week and over the past two weeks the dollar index is now at multi-month highs we're we're at the highest point the dollar index since june of uh or july of 2020 you know so that's a big deal right now as far as dollar strength overall you know um there's a couple markets that aren't that strong are weak against the dollar but as a whole the euro's been getting pounded um i think a lot of that has to do with uh one inflation and two you got the covid spike that's flaring up in germany you know the eu is going backwards you know so does that mean i mean now you gotta realize too we're in a weird situation we have numbers that are higher than a year ago and we don't have lockdowns you know or we have some lockdowns nurse other places so the question is are these is the narrative going to go back to the way it was and what they're supporting and they're going to start locking stuff down so that's very negative for the EU you know or are they going to say hey we're not going to do what we did the last time we're going to stay open you know either way i think it's going to be a bear for the euro us dollar it's going to be tough the pound because of oil prices i think is stabilized it's not going to get hit too much harder you know if the bear still um maintains on the i look at it right now the pounds in a correction right now the euro is in the bear market you know um us dollar us dollar yen remember you know i've been bullish this baby for a while we've had a hell of a rally the past couple days you know so and now we're up on but putting up against these new highs multi-month highs and i see i see us dollar yen going to 116 i think we just have a little bit of a pause today because dollar strength has been very strong over the past week and a half you know and it's not because of it's not because of necessarily big news it's about what's going on on the broader economics it's more than macro than the micro economics going on right now yeah it is interesting man i have a friend one of my best friends lives in switzerland and so he's more in touch of course with what's going on in europe um and he was talking about uh he was tweeting out some stuff in austria man austria you know part of course over there that they just got you know they're almost it almost feels like what we were going through you know whether it was early this year during the holidays almost in terms of hospitals filling up all that stuff um i i imagine that's going to have an impact man when they have literally right you reach that hospital problem in terms of hospitals filling up that's where even as a politician you know you can't have hospitals filling up and people just not being able to get regular service for a regular type of medical care um that's a bummer it's going on but yeah i just i it's surprising you know that it continues and look at the u.s dollar swiss too real quick sorry to interrupt of the european markets remember i've been saying for a while that it's odd that the swiss has more volatility than the pounder in the euro look at that bounce that's happened over the past few sessions in the u.s dollar swiss it's like a balloon underwater so for that currency to be the one with the most volatility volatility and pressure that's the one that's guiding the direction for the european currencies right now so weakness in the swiss definitely is weakness for the euro for sure not necessarily a pound remember because brexit happened you can't always equate the pound with brexit and i think that's one of the reasons why the pound is not selling off like the euro because they're no longer part of the eu they don't have these problems the eu has you know they have their own i'm not discounting the uk by their means but their sovereignty and separation and the fact that they don't have to forego resources to flood into multiple other countries um unless it's on their own you know yes i mean brexit caught a lot of a lot of beef when it happened man but in light of what's going on i know it's pretty interesting yeah i'm still going to 116 baby 116 man we'll pull it up big moves teddy thanks for the conversation man we'll talk to you next week absolutely okay we're playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors you might think that if you want to be successful at trading in the stock market 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turning a little bit negative right now wish we had a little bit more time with teddy maybe we'll have to get him on for two segments next week you can reach teddy folks every trading day at forex-trading-unlock.com talking about those euro markets and this is the tweet i was just going to bring up one of my best friends he was over there sharing this not familiar with you know this tweet it's obviously coming out of the european area i think it's coming out of switzerland publication maybe i'm not sure english coronavirus updates for switzerland there you go but talking about austria highly overwhelmed by the amount of hospital admissions we have to store dead bodies in hallways we have no space anymore very sad from a humanity perspective period end of sentence when you do look at the economy it's that is where things are going to start to matter folks no matter how you feel about the pandemic and that is the reason why that we've had these lockdowns as they've posed a threat post vaccination is because yes we got to get back to life but at some point if the hospitals start filling up with and you know i'll give you the example in florida i was talking about it's dead fast when we had our spike going on thankfully about three months ago now biggest frustration on my part folks was when people that started needing regular care were not able to get that care because hospitals were being filled up with predominantly unvaccinated people you know you had people who needed whether it's surgeries for cancer okay and the likes of that they were not able to get those surgeries because hospitals weren't doing them because they couldn't take more people that needed beds overnight because they were already full with an influx of patients point being this starts happening in europe you will see shutdowns predominantly in a big way uh and that will impact whether it's currencies economies etc but sad story going on over there unfortunate as we they get another spike and you know it is interesting how the the timing of these spikes is causing so much volatility in terms of the u.s having their spike ahead now there is some spikes going on in the midwest hopefully that doesn't exceed any lofty levels all right folks should be an interesting day in the markets we got our man basal chat me coming up next we're going to have a replay at 11 because larry's doing his webinar fast market at noon you heard him they're going to be talking about navidia they're going to be talking about coals we've got our man steve rhodes live at one o'clock dave white live at two o'clock and tom obrien my dad wraps up live from three till four thanks so much for starting your day with me folks and stay tuned we got our man basal chat and he's coming up live next we'll be right back