 Brian, what's going on everyone? This is Jacob Schup filling in for Tom O'Brien. He will be back tomorrow We have quite a stormy day out there. So if you're in the area, make sure you're staying in just be safe and all that Let's take a look at what we got going on in the markets right now. We have the ES mini trading flat right now about 47 90 we have the Russell futures in about 1986 again down just about point eight seven percent and cues flat 168 20 Looking at the Dow futures trading at 37,000 723 kind of a flat market out there today gold is not done too much We're all kind of hinging on the dollar here. It looks like the dollar kind of wants to retest the 103 again Getting a little bounce going. Let me get off the three-year chart here. Just go to year-to-date. That's not good either We're seeing a little bounce on the dollar might see a travel backup belt 103 25 area of course with an increasing dollar You're gonna get some downward pressures on the market as a whole, but it looks like the markets are holding all right currently cues trading at 405 30 Google at 141 90 meta 358 20 Disney down a little bit at 89 73 down almost about 2% that equity is struggling quite a bit Apple trading at 184 48 and of course the spy at 473 Take a look at the silver contract trading about 2314 and of course copper. We are actually down a little bit. We're trading up in the 380 area actually going close to the four bucks On that contract trading down about 1.27 percent right now That's about three dollars seventy six on the contract, you know, I've been talking about copper a lot when I fill in for Tom and Probably without graphics. It seems a little bit nebulous like I'm just kind of talking but This right here is from the IEA. All right, so this is kind of looking forward to The certain kind of minerals and what's going to be needed as we make this kind of global transition into what we're calling green technologies Right, so this is going to be in batteries such where you know for EVs For storage in general, of course, they're also looking at different ways of generating energy Which is going to be you know something like offshore wind onshore wind and we'll talk about this a little bit Take a look here. This teal color is really what we're looking at on these charts and this is going to be for copper Okay, we can discuss some other things kind of like zinc and chromium going forward here Especially if we start to lean a little bit more into nuclear, I know uranium has had quite a nice time We're gonna have basil on next segment and I'm sure he'll talk a little bit about that if he doesn't I will ask him But we see this conventional cars Compared to electric cars how much copper is really needed, right? Of course copper and graphite are to be massive the thing with copper is We're not producing enough of it on a global scale, right? So until we have some kind of really concerted effort I would say Intimining more of it you're gonna kind of get this choke essentially right where demand is gonna go up, but you know by 2035 You're gonna see give me one second to mute this You're gonna see the demand for these Increased and that's just for EVs about half, right? That's by 2035 so the amount of copper we're gonna need to be pulling out of the ground is massive You're seeing that with with Barrick who's looking to buy one of the largest copper mines In the world and they're they're on that right and you're seeing a lot of other gold miners start to try to transition And adding some kind of copper into their portfolio a lot of larger Private equity firms are adding copper in as well. It's somewhat reflate inflation Resistant but going forward. I think this is massive looking into things, you know, let's say we go the nuclear route I think we see a lot of Money being put in you know, and this is gonna be for generating energy this time not just for storing it in wind right now there's a lot of I Would suppose controversy over wind turbines, right? They they're massive they require a ton of Minerals to go into it There's some argument that they kind of screw with the bird populations Which you know it's something serious that we need to look into but let's say we transition into nuclear, right? Which I do think going forward. Let's say in the next decade that conversation is going to go up We're looking at things like chromium Now a little bit later in the show we can take a look at any contracts with that It's not a big thing right now Of course chromium is relatively expensive for this but it's still relatively unique. You can see in electric cars We're not even using chromium whatsoever and in conventional cars. It's not existent But I think the idea here is as we're really transitioning into kind of this this new economy, right? And we'll talk a little bit About a paper that I have here that's kind of looking at the potential impact of AI and The reason why I bring that up right now is this is kind of like a brave new world, right? I mean we're hitting some certain singularity point where I do think that the global economy is going to change vastly and rapidly and The materials required to sustain that and really push it forward are going to be a little bit different than the ones in the past So I think the idea of kind of building, you know some portfolio for the future around what's going to really be necessary I mean obviously right. I mean that's kind of common sense But I think sometimes it's it's positive to kind of slow down and kind of take a look at what that might be And so, you know, I think copper is It's a really beautiful concept We'll talk a little bit more about that too As time goes on I want to take a look at steel dynamics Because they got crushed today they're about 113 down about 3% of course we had that high Right there about 128 60 and coming right back down I see kind of a testing of the last day with volume We did blow through that already but on lighter volume so we might get a small bounce on it I'm waiting to see a new kind of trading trend go with this Steel still looking great Overall in the market. I think new core was down a little bit So dynamics has been underperforming for the past month at least But they do have earnings out on excuse me 28th of this month, so we'll have to kind of wait to see what's going on. They have a relatively high PE for the Their industry themselves trading about like 11.8 or something like that for PE so You know fundamentally That can be somewhat of an issue. They might have a less than stellar Quarterly report. We'll just have to wait on 28th to see you can see this big dumpdown. I mean, it's not on really any significant volume Compared to what it usually trades with so I do probably see a bounce coming up in the next week for so dynamics until we kind of figure out a More consistent trading range, and I mean, you know, it's a great company steel is always going to be in demand We have the inflation reduction act again from the Biden administration that is pouring a bunch of money essentially into building New infrastructure and updating all this kind of stuff. I also think too once you're going to start seeing rates come down Again, we can talk a little bit about that too, but the Fed has said recently regarding that Eventually when they do come down still will be in greater demand as well as buildings kind of resume We'll talk a little bit. We just got about 40 seconds to the break here Tick-tock and we'll talk a little bit. Excuse me. It's not what I wanted to talk about. Well, folks, stay tuned We'll be right back. I wanted to get the actual story. I wanted to talk about