 is a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Mike in Southern California. Hey, Mike, what's going on? Hey, Tom, nice to talk to you again. And I have to start out and first tell you I love this trading room. This thing is great. This app, it works great. And getting all the information, you're instantly there. No delay, nothing. I know. Listen, I appreciate you growling proud of us. Your channel is in my pocket all day long. It's wonderful. Thank you, man. Thank you. Now, Tom O'Brien. Welcome, folks. It's Jacob Shoup. Again, filling in for Tom O'Brien. Let's take a look at what we got going on right now. So we're kind of trading a little bit down right now in the S-mini. Of course, in the day, we had a pretty steady decline from open. Then we shot back up around about $12.30. And then we're coming back down again, probably testing the lows of the day. Again, let's take a look. The Russell is off about 0.78% right now, trading at $19.67 and $0.30. NQ's at $17,675, off about 1.15%. The Dow futures kind of sideways currently trading right under that $38,000 market and the gold contract are actually off a little bit right now as well, trading at $2,388.90. Silver up, modestly, and then copper as well, getting back to that $4.34 area, which was nice. It was a little disheartened to see it kind of come down from around the $4.35, but we're right back up there. Take a look at crude oil. How about this, right? So down right now at $312, excuse me, down at $312, about $8,270, there's a lot of conversation. And I've been talking about it too, how I was concerned with some of the global outlook and conflict we've been seeing around the world. And then additionally, with the reintroduction of embargo against Venezuelan oil, how this is going to impact, of course, the price of crude and really by extension energy and then really affect CPI. And what we found is that some of the supplies from the US are kind of outweighing the demand on all of that, which is pretty fantastic going forward. And of course, the Brent is down moderately as well. All the bonds are up slightly. Tesla trading at $156.82. One of the headlines I saw is that Kathy Woods continues to buy Tesla even down at these levels. And that is some pretty strong conviction, I would say, still dynamics trading at $138.90, and then the dollar back down below that $106 level, trading at $105.97. Google at $157, of course, meta, just under that $500 right now, and the Disney trading at $113. You know, let's just talk about what's going on and as that Powell comes out and says that rate cuts will likely come later than expected. And I think this is interesting because one, I had kind of assumed that this might happen, but then two, we went through, I mean, over a decade of quantitative easing with just constant money being injected into the market and this idea, and then again, additionally with supply chain disruptions because of COVID and all that, and this idea that maybe in a year or a little bit over that we would kind of combat inflation effectively to the point where we could go back down to lower rates, I don't know. Of course, I was in the minority thinking that, but it seems like this might stay the case for a little bit longer. Powell said that legitimately lack of further progress on inflation means that central bank likely won't cut interest rates at its upcoming policy meeting just two weeks away. We kind of knew this, we knew this was going into May as well, now there's discussion that this might not even happen in June or even July. Meanwhile, the two-year treasury yield, top 5% on Tuesday before retreating below the threshold to about 4.96. I think the average mortgage rate as well is trading about 7.15, of course, trading. It's at 7.15%, which is pretty high. And the question is too, is when you start cutting rates, what do we go back down to? I mean, I totally do not foresee any circumstance where we go back to quantitative easing levels. You know, at something like zero or close to that. I mean, do we settle at like 5%, 4%? And then how does the market shake out from that? It'll be interesting to see what kind of happens. So the recent data has not given us greater confidence. It is likely to take longer than expected to achieve that confidence right now, given the strength of the labor market and progress on inflation so far. It's appropriate to allow restrictive policy further time to work and let the data and the evolving outlook guide us. And I think you've seen that too, where you've seen some cash flow going into bonds and kind of other like fixed income like that as well. Anyways, what we'll have to see, of course, with the next CPI report is, and of course, that job market is still really strong. And I have said this a few times before, but I do think that we're kind of in a new, not a new, I mean, there's a lot of new stuff going on in the economy. And I think there's some major structural changes but I wonder if this, again, this approach that the Fed has, which is really to control demand side kind of metrics, is that gonna be effective going forward? A lot of this problem, again, was supply chains, right? And so they're trying to balance everything by decreasing demand, but was that really the issue? And we're seeing at least in the job market that the economy needs more workers and they're comfortable with that. So is increasing the unemployment rate, which in effect is going to have an influence on demand, is that really the way to do it? I'm not sure, but it's kind of what the Fed has going right now. And I'd be interesting to see years down the line kind of what the way they've changed their approach to it. Of course, let's me pull this up while I can get it loaded. Here we are, fantastic. I like steel dynamics a lot. Talk about it. One of the interesting things, this is a new story coming out, is Biden is seeking actually higher tariffs on Chinese steel. We could talk a little bit about this, not only just steel, but aluminum as well. They could protect American producers from a flood of cheap imports and will pitch his election year plan during a visit Wednesday with steel workers in Pennsylvania. This is, he said this today, the current tariff is 7.5% for both steel and aluminum, but there's some suggestion that America could climb up to 22.5%. Additionally with this, you've had, give me one moment here. You've had discussions at pretty high levels, at least in policy decision making. Here we go. This is the US Trade Representative, Catherine Tai, on Wednesday as well. She said she expects to include a review on tariffs on Chinese goods very soon. And this is going to be an action, essentially, to shield the EV sector from China. I wonder if America really is trying to pivot back into, I suppose more industrial output, right? That kind of gets shot in the 80s, but you're seeing it come back with chip manufacturing. And I think really to remain competitive with the amount of people that we have in this nation, it's going to be something like production of these kind of cutting edge things. I would say EV. And Elon Musk had said it pretty succinctly a few months ago where it's like if we don't do anything about China, they're gonna flood the market. And you can see Volkswagen now going and basically outsourcing to China to produce their EVs. So anyways, folks stay tuned, we'll be right back. We have a guest on the next break. Stay tuned. If you spend any time online researching trading techniques on how to begin your trading journey, you've no doubt come across many folks who push forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these so-called forex professionals just looking to make a quick buck off of aspiring traders without actually teaching the ins and outs of the forex market. This is what sets Teddy Keckstatt's the Tiger Forex Report off the riff-raff. Every Monday, former Chicago mercantile exchange member and author Teddy Keckstatt releases his Tiger Forex Report newsletter where he dives into the complex world of forex and takes time to actually teach you his methods that have made him so successful in the fast-paced and rewarding world of forex trading. 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Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we offer a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk, so why wait? Tune in live to Tiger TV and transform your trading journey because when you know better, you invest better. Join us and experience the difference today. TFNN, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. This is Jacob Schup, filling in for Tom O'Brien. We were actually joined today by Elliot Wellenbach, he's Senior Vice President over at Direction Institutional ETF Sales and Capital Markets Strategist. Elliot, how are you doing? Good, Jacob. I'm excited to be here. Thanks for having me. Fantastic. You know, there's quite a bit going on, actually. I want to start off first, just kind of looking at what you got over here at DPST. This is the Daily Regional Bank's bull three-time shares. Now, of course, we had a lot of stuff come out with earnings, of course, the bank corp and Citibank. It was curious if you can give us a little insight in, you know, this is the three-times leveraged bull ETF. You know, it's funny, before we even begin, I want to say it's been funny. Years ago, I had traded in Gush in Drip and I was a young guy and trying to learn and get my footing and I really found that using these were just really changed kind of my strategies, which I thought was really impressive, so. Yeah, no, definitely, yes. Most of our products are leverage and inverse, short-term tactical trading tools, very powerful and very important to monitor. But yeah, no, as you mentioned, regional banks, I mean, the financials, you know, kind of kick off Q1 earnings. They did last week and, you know, really Q1 earnings season has continued this week. The regional banks, about 40% of that basket is reporting this week. And as you mentioned, DPST is our triple leverage to ETF off of the regional bank select sector. And you know, we've seen kind of, you know, mixed earnings coming out of the regional banks. The NII, you know, the net interest income is definitely something that has been watched with higher rates, especially with the regional banks being, you know, a little bit more sensitive to higher rates in their core business as opposed to, you know, some of the larger, you know, banks and financials that have, you know, broader, you know, areas of their business so that they can rely on where the regional banks really, you know, are impacted by that NII. So it's been, it's definitely been interesting. And, you know, even in the broader financials that you mentioned, you know, we've seen Goldman City, JPMorgan, Wells Fargo, Bank of America, they've already all reported and those are all part of the financial select sector. So those are the, you know, the larger financial banks and financial companies within the U.S. as opposed to the regionals that are going to be your smaller regional players. But that basket as well, we have a triple leveraged ETF off of that, the financial select sector, FAS and a triple inverse as well, FAZ. And that basket's already reported as well, 40% so far, starting off Friday of last week and then through this week. And we didn't even see, seen, you know, the higher rate environment impacting, you know, their net interest income, even when they have, you know, businesses that, you know, can help support, you know, their broader business when, you know, instead of just, you know, looking at, you know, loans and, you know, also just, you know, that interest that they have to pay back to, you know, people holding money with them. Yeah, and taking a look too at the financial bull and bear, again, that's FAS and FAZ. But you can see here too, obviously the top 10 holdings, you got Berkshire, JP Morgan, Visa, Mastercard and Bank and so on. And then you have these index sector weightings as well. And this will, you know, this is the case for all the leveraged shares, a leveraged ETF set direction provides as well. And so I had a pretty good time sitting here and looking through a lot of these before the show as well. You know, into that as well, we had UnitedHealthcare, of course, report earnings as well. They did all right. And you guys have an healthcare bull three times leveraged as well. I mean, what's the major composite in that? That's Lily, UnitedHealthGroup, Johnson and Johnson. Of course, Lily coming out with some interesting news too, with Zep bound being effective actually for sleep apnea too. So if you can tell us a little bit about Pure and what we're looking at with that. Yeah, no, definitely. That's another larger percentage of the healthcare select sector or triple leveraged ETF cure that is off of that. You know, it's been a little bit mixed for the healthcare sector approximately 20% of that basket is reported so far this week. You know, we saw Abbott, you know, that's part of that index. It'd be a razor annual profit forecast. And as you mentioned, Eli Lilly, they're not reporting for another week and a half. So that's the largest holding within Cure and in that sector. And it's gonna be pretty interesting. You know, a lot has been going on the past year with the weight loss drugs, you know, the demand for that. And it's gonna be interesting to see how sales and growth in that space for not only Eli Lilly, but a handful of those large healthcare names in that sector, how that's gonna impact their earnings because there's been a lot of hype around that and also demand from the consumer as well. Absolutely. And at the price that Eli Lilly trades at right now, we're at 749 a share. This is a great way, especially with Cure, to get exposure to, I mean, listen, Eli Lilly, I think is poised fantastically, right? Zep bound is even going through a supply kind of choke right now, which is only gonna drive up the cost for it. And a lot of times I, you know, I mean, something like 749 a share for Eli Lilly is a little bit prohibitive for a lot of people. And so to get exposure to that stock and something like this, you know, I think is fantastic as well. That's what I find so neat with a lot of these leverage ETFs. Yep. Great way to trade around earnings short-term. You know, as you mentioned, you know, if you're looking for concentrated exposure, but don't want to be trading that, you know, just that individual name, you know, it's a great way to get a basket, you know, through a leverage ETF there for short-term trading. And you know, one of the big things of course, you know, Tom O'Brien, he, you know, runs his newsletter and everything. We've been looking at gold a lot, right? And Direction has of course Nugget, which is their three times long, and then Dust as well. And so I'm kind of curious what you guys are looking at with that. Obviously, gold has had this kind of, you know, I would say in recent times, meteoric rise, which has been fantastic for all gold holders. And, you know, Nugget has returned pretty fantastically for that whole run. Let's take a look at the chart here as well. And this is on a one-year meter. We're trading up 38, 28 right now, up 2.9% for the day. And I mean, seriously, look, right? This is May 1st, you know, excuse me, March 1st of the beginning of this year. And then we've just seen it really, really kind of follow gold on the way up as well. Yeah, yeah, definitely. Gold has been kind of, you know, earlier this year, hitting all-time highs. And, you know, another thing that has really impacted as of recent is kind of some geopolitical conflict going on in the Middle East right now, kind of that flight-to-safety trade, especially in the gold. And as you mentioned, we have leveraged gold miner ETFs. So not the actual physical gold, but the gold mining equities, Nugget and Dust are 2X in the gold miners. And then we do have our junior gold miners 2X as well, JNUG, JNUG, and JTST, the inverse there. So, no, definitely, you know, we've seen gold or the gold miners lag gold just a little bit. Definitely, but with, you know, the spot price going up, it usually they follow really closely behind. So, Elliot, thank you so much for joining us. This has been fantastic, and we're looking forward to hearing from you soon. Yeah, Jacob, thank you for having me. Fantastic, take care now, folks. Stay tuned, we'll be right back. that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening call newsletter. Basil Chapman, developer of the Chapman Wave trading methodology has been trading the markets for longer than most trading influencers have been alive. And over that time, he has honed his methodology in order to accurately call movements in a wide range of equities, from semiconductors to uranium to key indices and so much more. Basil is old school, taking the time to educate the trader while also giving his insights into key indices, selective stocks and more. 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For investing, carefully consider a fund's investment objective, risk, charges, and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, Four Side Fund Services, LLC. Welcome back, folks. This is Jacob Schubert, filling in for Tom O'Brien. So we just had Elliott Wellenbach on from Direction, which was an awesome interview. Check that out. We have the archive. We'll be uploading it by the end of the day. What we didn't get to talk about, and these are leveraged ETFs that I do like quite a bit, and the ones I have some pretty good familiar interactions with, is Gush for one. So this is the two times leveraged bull. And this fall is basically oil, right? So we obviously are down today. The inverse of that, which is going to be the fairest one, is Drip. We can talk a little bit about going forward. What's happening with that up 1.83% today? So what has happened? Why is oil going down right now? I mean, I thought I've heard everything about the Yemenis, helping Iran bomb Israel and Israel, having a retaliatory strike. So we can look at this a little bit, essentially. As early on Wednesday, the Energy Information Administration released its weekly inventory report, excuse me, showing a build of 2.7 million barrels to 460 million barrels in the week ending April 12th. Expectations based on a Reuters poll had only been for 1.4 million barrel build causing oil prices to plummet. This whole thing, essentially, we have extra stockpiles than what was initially thought, which is pretty good. And I think going forward, this is really what you're seeing, too, with America trying to position back into bringing chip manufacturing here and protecting EV makers and everything, right? This is kind of a restructuring away from what we were doing the past few decades into, you know, one, I think just creating more jobs for people in our nation, which the population is going up. But then second, it's kind of like an insurance policy. We saw, how is it? Like in COVID, essentially, right? When we had so many goods that were made outside of the nation, and that had major impacts. These are minor, let's say minor, these are just temporary supply chain disruptions. But their supply chain disruptions, nonetheless, and it brings in a greater question. You know, what happens if the end of history isn't here and things continue to happen? Say China invades Taiwan and now we don't have access to these certain kind of chips or whatever. And so I think America is pivoting that way as well. We've seen how Saudi Arabia can try to influence America or punish America or whatever by restricting the amount of oil that they put out. And so, you know, I see at least this increase in production of oil in the US and that's only going to increase, I would say, going forward as kind of like an insurance policy against that. And I think too, it reasserts us as economically dominant in the world, especially at a time when China is, you know, becoming relatively sophisticated away from, you know, what it has been in the past. Anyways, that's my two cents on that. So we did talk a little bit more about Eli Lilly. It is, these guys have hit the jackpot with Zephound, okay? So I was talking earlier with Elliott Wellenbach of Direction, based about Cure, which is their leveraged ETF bullish for the healthcare industry. Eli Lilly makes about 11% of that. Eli Lilly is trading something like $749 a share. This, of course, was with their weight loss drugs, Zephound, everyone loves this kind of stuff. That's what sent that price, you know, meteoric essentially. Eli Lilly's weight loss drug, Zephound, shows promise as a sleep apnea treatment in late stage trials, which is, I mean, talk about, you know, again, hitting the jackpot with a certain drug. I mean, not only does it, you know, decrease weight, which is obviously a huge issue in the developed world, weight management. And I think at least for Medicare, it's only been validated for, you know, what helps with heart disease and everything. However, this with sleep apnea will be interesting to see if we can have an off-label use for this essentially. Eli Lilly, you said on Wednesday that its popular weight loss drug, Zephound, showed the potential to treat patients with the most common sleep-related breathing disorder in a late, in two, excuse me, late stage clinical trials. The initial results added a long list of potential health benefits of weight loss and diabetes treatments, which have skyrocketed in demand over the last year, despite their high prices. So really, this is gonna be the thing, right? Anything that is directly caused from weight issues, so, you know, comorbidities or whatever, most likely they're gonna be treated by a drug that decreases weight. And so you're gonna have all these label uses kind of for this. Of course, it's not solving the sleep apnea itself, it has to do with obesity, but the problem we know in America is obesity is really coupled with a lot of other horrible things for the health. And so I think Zephound gets, you know, in a pretty good spot for that. It'll be interesting to see what goes with that. Under new guidance issued in late March, Medicare can cover certain weight loss drugs as long as they receive FDA approval for an added health benefit. And so sleep apnea is going to be one of those. Medicare prescription drug plans administered by private insurers, known as Part D, currently cannot cover those drugs for weight loss alone. We'll see what happens with that. That is pretty impressive for that drug. There's another one too. If I fill in, Tommy, tomorrow, I'll try to make sure to look for it tonight. But there was another drug that they were suggesting if it could be used essentially with things like Manjaro or Zephound and everything. Because one of the major issues you run into with these obesity drugs is muscle wasting. And if you can have some kind of compound, a drug being taken in tandem with it that prevents that, I think also that might end up being acquired by Eli or be involved in that treatment in some capacity, which I think will be pretty neat to see going forward. I was talking a little bit about some of our legislators and directors were talking about putting tariffs on China and especially protecting essentially nascent industries. EV is going to be one of those. And we can talk about how legit this problem actually is, especially when you're considering what's the workload of the future going to be like for people in the nation. And so let's take a look at Volkswagen. They're aiming for lower EV costs with new production platforms in China. So this is going to roll out a cheap electric car production platform aimed at strengthening its stands in China. German car maker in China X-Peng, partners in the country since last year, a new framework deal to co-develop electrified and digitized architecture to be used in Volkswagen brand EVs that were produced in China. Volkswagen said Wednesday. Locally grown EV companies like BYD are challenging foreign car makers, including Volkswagen, whose market share in the world's largest car market dropped last year. The streamlined production model will aid the German car giants goal of reducing costs for its platform by 40% strengthening margins and making it more competitive. And it remains to be seen to whether or not they will, the cars that are developed over there, whether or not they'll be sent out of China. But regardless, China is such a massive market, especially for things like EV. So I think that's obviously a good sign if you're a bag holder in Volkswagen. Let's take a look at the video right now. We'll take a look at it when we get back. Fact, we're gonna take some time to load here. Turning down 3.77% right now, $841.33. That is off from 974, which is the high folks say too, we'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com, TFNN Educating Investors. 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The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets, TFNN Newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money-back guarantee. Just visit the Newsletters tab on the front page of TFNN.com. TFNN Educating Investors. TFNN has launched the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. I'm O'Brien. Welcome back folks, this is Jacob Shoe, filling in for Tom O'Brien. I'm looking at the video right now, turning at 842.49, that is off from the high of 974. And of course, you know, really the tech sector has been getting hit a little bit, but let's talk about this, right? And I'm saying this from the context of looking at NVIDIA, but really, in my opinion, this is a massive win for Google. They're not playing around and we'll talk about why that is. So the big thing is that this was earlier this month, but NVIDIA and Google Cloud have announced a collaboration on generative artificial intelligence at the partnership aims to help startups around the world accelerate the creation of generative AI applications and services. The new initiative combines NVIDIA Inception with Google for startup cloud program, which aims to widen access to cloud credits, go-to market support and technical expertise. Meanwhile, Google unveiled an A3 mega AI processor using NVIDIA's H100 technology. Again, that's what teaches the AI. And Google said it plans to use NVIDIA's next generation Blackwell platform in 2025. And then of course, Google is expanding in-house AI chip development with ARM. So, you know, again, I don't think Google is playing around. These companies are solidifying themselves to really be the AI barons going forward. And I think the way Google is approaching this, and I've spoken about Azure and AWS and why is Microsoft and Amazon dropping billions of dollars into AI is because they want that stuff hosted on their cloud. Let's be honest. And Google, it's no different. They really want people to be on the cloud. Now this is gonna be more for, as it said in what I just read, cloud for small businesses. But the idea is we get everyone using it. We got to get on the cloud. No need to be storing things in your computer, like on-prem, why even worry about that if you're a small business owner? And genuinely, I think the barrier to entry is just the technical aspect behind cloud, right? But it's getting so unbelievably simple. I mean, like Azure, even like the security, you know, what you have to essentially set up for security on Azure cloud has been streamlined so significantly. And this is what I see tech really going to, right? We've seen it in user interface for legitimately everything, right? I mean, even starting with the computer back in, you know, the 60s where you had this blank terminal and you just told it to do commands. I mean, obviously computers are older than that, but you know, let's talk about the first one that you can kind of recognize. And as time has gone on, these user interfaces have gotten easier and easier to use to where your grandma can be on the computer and be on Facebook or whatever. And that's what I think all of this kind of tech stuff is going and I think Google does that super well. Obviously Microsoft does it super well too. Regardless, what this AI is gonna do is just really expand the cloud use. And so I think Google is kind of seeing that in a little bit in some ways and they want the market share of small businesses that don't have so much presence online. They want those people. And AI is gonna probably help those people get that. Pretty cool going forward to see what happens with that. I know I say that about a lot, but it's because I bring up stuff that I think is super interesting is gonna make a massive change. Let's see here. In the same kind of vein, of course you had ASML come out and things weren't as good. So we can talk about that a little bit. ASML forecast semiconductor rebound after the first quarter disappoints. So they say ASML insisted the semiconductor industry was on track to recover in the second half of the year, even as its first quarter disappointed investors. Obviously these guys make lithography machines, which all chip makers use. It's said on Wednesday that net bookings, which includes orders placed by customers, but not yet delivered, dropped to 3.6 billion in the first quarter from 9.2 billion in the fourth quarter of last year. Analysts are expecting bookings of more than 5 billion. ASML has been hurt by the semiconductor industry slowdown as well as sanctions curbing its ability to sell in China. Peter Wenick, which is the longstanding chief executive, reiterated that he saw a 2024 as a transition year with trading improving in the second half as the industry continued to recover from its downturn. And let's just be honest guys, like this is going to continue to happen. I love what Basil says. And he looks at the semiconductors as kind of like the new oil, right? Basically a benchmark of what is the rest of the market gonna do. And that's obviously fantastic for just analyzing what the market's gonna do day to day, month to month, so on and so forth. But also I think what it really does too, at least in the context I'm talking, is it underlines how important semiconductors are. I mean, if you guys watched the new dude or you read the book, I mean, this is the spice man in major ways and the world's not going back from it. So I think even though you're having these downturns, of course you're going to because you have the companies who are gonna hop on and buy all this stuff and hoard it initially. And of course you get downtimes, but still I think going forward it's massive. Let's talk a little bit too with AI and what goes into that. We talk about Bitcoin and the halving and what that means, obviously more energy is gonna need to be going in to solve the hashes to get the coins. This whole new economy is running on this electricity. I think a lot of that's one of the costs of doing business in Bitcoin and crypto mining, but think about it as well with AI. So this is pretty fascinating. Booming AI demand threatens global electricity supply. This is where you get this cool thing, right? And I'm saying this like an off topic, but like when you have this new innovation, this is where you have other innovation being forced to come into existence, right? Because I think if you're talking about like by 2030, 15 trillion contribution by AI to the world, of course you'll get systems that are more energy efficient and stuff like that, but this is where I start thinking that we see alternative sources of energy or more mixed energy portfolio. I'm talking in the idea of like nuclear or something, but of course you can expand out with solar and everything, but regardless, let's look at this. Electricity supply is becoming the latest choke point to threaten the growth of artificial intelligence. Elon Musk said this month that while the development of AI had been chip constrained last year, the latest bottleneck to cutting edge technology was electricity supply. And again, we have seen that with big crypto miners as well. Those comments followed a warning by Amazon chief Andy Jassy this year that there was not enough energy right now to run new generative AI services. And as we're saying, this is the new arms race, right? Who can create the best AI? Who has the best champion? And obviously the champion is AI and we're gonna figure out ways to give this the power it needs. Amazon, Microsoft and Google parent alphabet are investing billions of dollars in computing infrastructure as they seek to build out their AI capabilities, including its data centers that typically take several years to plan and construct some of the most popular places for building facilities such as Northern Virginia are facing capacity constraints which in turn is driving a search for suitable sites in growing data center markets globally. You know, I'd be interested to, let's just take a side point. It doesn't really matter, but this would be cool to see how, different, let's say states in America because I think a lot of this is gonna still kind of, I think because of legislation it's gonna be constrained to operations within America. Obviously it can go out, but that will be a different entity entirely. But we're interested to see how states can kind of fight for who has the best energy. You're even seeing with Texas right now, they're having major supply issues or excuse me, grid issues. I think the American grid is weak. Anyways, my point is I think all this is one problem which is AI, right? It has the issue of energy and this just kind of dragnets everything else. So do we now 10 years from now start really seriously considering revamping our grid which it needs to be done because we have this strange patchwork in America who started developing before other people. Does it change the way that we look at energy supply and where we get energy from? And it's just crazy how one little thing like this can just totally change the trajectory for a country which I think when I'm talking about, we'll start hearing. So anyways, folks, if you're back we get a short segment coming up. The stock market is a delicate interconnecting web of commodities, equities and trader psychology. 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They have that whole, you know, just walk out concept which is store, you go in, you pick up stuff, it scans you and you pay for it on there. There is a hilarious headline that said that just walk out actually isn't run by AI but it's a bunch of offshore workers just watching people on cameras and keeping tally. Now, Amazon came out and said that that's not entirely true, but just crazy anyways. The reason I'm bringing this up is because Amazon is also trying to sell this tech to other people, right, to other stores. And of course, you can kind of see that coming, right? Like, why does Amazon, does Amazon really want to get in to the grocery business? Of course, they did buy a grocery chain and everything but in my opinion, this is much more of like, obviously they understand logistics, so that's one thing. But I can see them kind of hedging against it by creating new tech and testing it in those stores and then being able to sell that out which is what they're trying to do with the just walk out. Regardless, it shows you that AI isn't fully there yet, right? Because you have, essentially workers, this is in India. You have about 1,000 workers in India to watch people shop and review purchases at stores using just walk out tech. The report claimed that Amazon workers had to review around 700 of every 1,000 transactions in 2022. They said it's actually not uncommon in the world of AI. So that can go to show you that we're not fully there yet with AI and also not everything is as it seems. It was just kind of a funny headline. For this next little short segment before we end out, this was done by the Fed. One moment. You know what? We'll save that for tomorrow morning because we're having a fun time with what's going on here. Let's talk a little bit quickly about UAL, United Airlines Holdings. If I can click the right ticker, of course. We can get a UI to do that for me or an AI. Anyways, they're up right now. This smaller than expected quarterly loss regarding Boeing, instead of wanting to full, derail is full your guidance. That's something else to say too. Boeing is in Congress right now if we're hearing in the Senate. So check that out later tonight because I'm sure that's gonna be super interesting. Folks, thank you so much for joining me. Love filling in for Tom and talking with you guys. I hope you have a great rest of your day. We have standard programming tomorrow.