 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, 8.30 a.m. Thursday morning, 60 minutes to go until the opening bell. We got markets in negative territory, S&Ps right now, negative by about 10 points, trading at 3107, you got the NASDAQ negative by 9, 96.72, the Dow negative by 44, 26,179. We have a little ECB stimulus going on right now, putting a little bit of a bid in the market, putting some action into the forex market as well. We'll start things off, let's jump over to the charts. We'll start it off with the Dow and why not, we'll start it off with the headline of that ECB. ECB unveils, bigger than expected increase in crisis bond buying. The headline number there, and as we come on the air, we get weekly jobless claims, why not we'll drop to that number, since that's hitting right at 8.30, 1.877 million weekly jobless claims this week, the expectation was for 1.775, of course 24 hours from right now, we get non-farm payrolls Friday morning, 8.30 a.m., that number the market waiting for as well. So you have the ECB, in March the ECB unveiled its Pandemic Emergency Purchase Program, which will see it by 750 billion euros, and they are now scaling that up, and where is the number? Yeah, they were looking for 500 billion, but they actually came in at 600 billion, I believe, jumping back to this article, and there it is. So at a virtual meeting on Thursday, President Christine Lagarde and colleagues decided to expand the amount of purchases by 600 billion euros, or 675 billion US, extended their duration until at least the end of June 2021, so bigger than the market was looking for, which was a boost of about 500 billion euros, 100 billion extra euros. And that, now we jump back to the charts, and there's your acceleration on that pop, so you have the Dow down at about 26,100, you're currently trading 26176, you see the pullback though, we were up as high as 26254, the S&Ps, 3105, on that ECB news we spiked all the way to 3111, you back it up to yesterday, there's the close of action on Wednesday at just under 3120, quite a day in the markets yesterday, right? Dow was up more than almost 500 points, NASDAQ 100, you see the pop on the news, but we've given almost it all back, 9664, the NASDAQ just within reach of all time highs, but not quite there yet. Crude oil was above $37 briefly, you have crude pulling back 3679 currently, gold contract trading a bit higher after pulling back the last few days, gold trading 1714, Euro US dollar. There's some acceleration Euro, spiking higher on that news from 112 to above 11260, we pull back, we're currently trading at 11229, in terms of other headlines you have happening out there, American Air, they're gonna boost flying 74% on demand rebounds, so the busiest days next month, we'll have above 4,000 flights up from 2,300 in June, that's America's and senior vice president of network strategy. The carrier plans to operate about 40% of 2019 capacity next month, that's a big number. I mean, you went from basically normal business to a snails crawl of air travel and to have it immediately jump back to 40% next month, encouraging when you think about not many trips planned, especially air travel trips, you might jump in the car and make a road trip as things get back to normal, but have you booked a flight where you're actually gonna be flying next month and they're gonna have 40% of those flights already available, encouraging news for Americans, some of the airline stocks yesterday, some of the biggest flyers and as we speak, the SMP is now down at 3,100, down 17 points, so American, there's an acceleration on that to 1286, we were at 1185, we were just at 1032, some of the other airlines, Delta trading higher from 2847 to flirting with about $30, see Southwest, above 38, so all of them getting a little bit of a pop on some encouraging news. Other headlines, I'm gonna pull it over, in term of equities making moves this morning. So we'll start it off, J.M. Smucker, the food producer, they're out with their quarterly earnings, $257 a share, they beat estimates of $229, revenue beat as well, driven by increased demand, Smuckers did forecast a 1% to 2% decline in overall sales for the fiscal year, SJM, actually trading lower from 115 to 109 market, maybe looking for a little bit more action on their earnings, because we closed at 114, 159, we're gonna open at under 110 on that chart, you're looking right at about this level right down here on that Smuckers. Tiffany's, so the luxury good makers LVMH is exploring ways to renegotiate, maybe just a renegotiation of its 16.2 billion acquisition of its US rival. The deal was announced in November, has yet to close. Tiffany, so of course the news breaking a couple days ago, that that deal may fall apart, you see the fall off on a couple days. This is when the news begins to break in October, I believe that's when the deal gets done in November, the price tag working $16.2 billion, I believe comes to about $135 per a share. You see that during the pandemic, it quickly became realized that that 135 might not come to fruition, it makes it back to 130 and hangs at that level from March 25th, and now we're back at about 112 so far on Tiffany, even this morning trading lower. On anticipation that it's not gonna be the same price tag of 135 if it happens. Sienna, the maker of networking equipment, earned $0.76 a share for the second quarter, well above the $0.49 the market was looking for. Sienna out there numbers, C-I-E-N. Right now we're trading a little bit lower, $55.75, we closed yesterday above $56. FedEx is adding surcharges to some US shipments following a similar move by UPS. The move is designed to manage rising costs and a surge in package shipments amid the coronavirus pandemic. I wonder how that plays out when Amazon's almost like a third competitor in that industry and they are never gonna squeeze people for money now, seems like that would be an opportunity for somebody to come in and grab market share potentially at a lower cost. FedEx, no real action overnight for some context from 160 down to 88, back to 138 UPS from about 120 to 82, we're gonna open flat in Amazon, why not? We're gonna open basically where we closed 24, 78, we've been hanging around at this area since about April 16th, right? April 16th, we hit 24, 61. So you're talking about almost six weeks, Amazon's just been hanging between 2,300 and 2,500. Carnival, cruise lines, extended the suspension of some voyages of it's Princess Cruiser's brand, they travel to Australia, Canada and Taiwan, many cruise ports around the world remain shut due to COVID-19. Zoom Info, debuts today on the NASDAQ after the platform's initial public offering 21, I saw the source list, is that Zoom? No, Zoom Info above the expected range, so an IPO. This one's interesting, so Simon, the mall owner, suing apparel retailer gap over $66 million in unpaid rent. The gap's the largest tenant for the nation's largest mall operator, so Simon, SPG, malls shut down, talk about some max paying from 140 to 40, 140 to 42, crazy. 72, 88, quite a pop, I mean this is a daily, check out the acceleration we had on these malls yesterday, Simon. I mean this, we started off Monday trading in Simon at $57 and we just hit 77 overnight at 75 and gap, I believe it's GPS. There it is. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. TFNN has 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 homepage 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. The gold market has taken off top side in a large way in 2020. If you want to take advantage of the sector now is the time to subscribe to my Gold Report. The Gold Report took profits in four of its equities in the gold portfolio in the first week of January for a combined profit of 99.2% with two positions left in the portfolio that have a profit of 67.5% as of January 7th. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. Are China A shares hot or not? If you trade China A shares now may be time to take a closer look. Trade CHAU or CHAD directions daily CSI 300 China A share bull and bear China A shares in either direction. Visit Direction Investments.com today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares at 866-4767523. The prospectus or summary prospectus should be read 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, four-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 and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. Welcome back folks. Market's sticking a little bit negative since I've come on there at 830. We can now have the S&Ps below 3100. We're looking at 15 minute bars. This bar starting right at 830 and you see the volatility from about 3110. Now down 10 points pre-market session lows 3096 down about 7 tenths percent in the S&Ps. NASDAQ down about 3 tenths percent and the Dow giving back some of the gains that had yesterday down about 6 tenths checking in on the Russell. Russell volatility continuing down about 1.2% on the Russell so far. Some of the other news stories I was reading this morning an interesting one out from Bloomberg talking about the US jobless claims. Timely article with you of the weekly jobless claims of course this morning. You have non-farm payrolls tomorrow morning. We got ADP yesterday. US jobless claims under state reality with gaps in federal data. So federal figures so zero claims in the new program in 18 states state data show half a million claims through the same program. Things are moving so quick right now. And there's such a backlog Florida having a lot of problems with unemployment. The numbers just the some of the systems not set up and fortunately to handle this type of a surge. You have US Labor Department's weekly jobless claims report has yet to reflect at least half a million filings for federal pandemic program with data reporting lagging behind payouts. You have 18 states Florida where I reside where TFNN resides along with many of our listeners and customers Alabama Arizona Hawaii West Virginia among 18 states that showed zero initial claims under pandemic unemployment assistance or PUA in the Labor Department's weekly report last Thursday but some states have actually received at least half a million in combined claims through the program. Something to keep in mind that's a big number there folks they go over jobless claims under counted among the 18 states Florida 171,000 as of June 2nd. Some of the bigger numbers you have Georgia with 85,000 Arizona 77 Alabama 55 West Virginia 29 all of those numbers not being reflected in some of those federal numbers. As then they just struggle to keep up so big numbers there and look for that to continue and we'll see what happens tomorrow as we get some interesting stuff going on with the non-farm payroll and the market begins to wait for that number. So China interesting yesterday you had President Trump banning Chinese airlines and the China's aviation because of the fact that US airlines weren't being allowed in China even though Chinese airlines were allowed in the US. Now you have China's aviation authority to allow more foreign flights after the US banned Chinese carriers. So they said Thursday it would allow all foreign airlines to choose from a list of approved cities to operate one international passenger flight a week beginning June 8th and that was only about 12 hours. So good for that showed some progress get things done get things back to action and some fair travel back and forth. Other stories what did I have up here jumping back to equities there we go Costco. So they reported a 5.4% increase in May comps sales compared to the estimate of a 3% decline. The warehouse retailer also saw e-commerce sales more than double compared to a year earlier. Costco the big box stores check out that so 306 to 309 Costco. They did have their numbers coming back but checking out where they're going to be. It's amazing when you look at the volatility other companies had this one figured out pretty quickly that life wasn't going to be much worse it might even be better we go from that February high of 325 never made it really below 280 but we've never traded back above that 325 just kind of been in a tight range near the highs for Costco. Fossil fossil matched estimates were a quarterly loss of $1.51 though the luxury good makers revenue exceeds estimates the company anticipates the pandemic will continue to pressure I would say through this year FOSL is their symbol. I'm gonna be down a bit about 10 pennies to 360 or 370 there's your action on their numbers to 409 but pulling back a bit as they miss a bit and Cloudera reported a quarterly profit of 5 cents a share beating the estimate of break even the computing company's revenue topped expectations Cloudera gave a weaker than expected corn quarter revenue their symbol CLDR talk about a drop off from 1269 to 1106 some of these operators in the cloud space checking in on zoom zoom quite the acceleration yesterday falling their earnings we're up at about 221 85 we started the year in zoom at about $65 not bad box at 1882 jumping around some of the tech Netflix fang stocks Microsoft Microsoft to reach the high of 185 94 yesterday looking open a bit low at the market this morning some of these tech stocks though you look at it right I mean look at this we've been hanging up near these all-time highs 185 we might as well be in this range we're up in this range towards the beginning of February you jump over to the likes of Apple Apple was a 327 similar action we're right up in this range now right up near all-time highs as the NASDAQ is Google shares not quite the same charge we got a little bit higher to go 1532 with i we were flirting above 1450 for a while you might call the higher range in Google Netflix shares been quite a juggernaut made it all the way to 458 Netflix trading right now at about 421 when I think of Netflix jumping over to Disney Disney going to open a bit lower today and we got a bit ask of under 121 but quite a charge higher yesterday for Disney put this on some short time you see the trade I mean we closed out Tuesday trading at about 118 and change we traded up almost $4 yesterday to 122 45 pairing some of those gains on Disney now some of the Disney parks excuse me some of the parks in Florida being in Florida some of those parks opening up in terms of bush gardens universal so I believe somewhere maybe June 10th middle of June Disney taking the route with their parks to wait it out until July and I said before I think what you're seeing here is Disney has a lot more at stake than just their parks so they're going to manage that they're going to make sure they do it slowly because Disney plus their movies their content their brand much bigger and much more going on than just park revenue as compared to many of the companies that just live and die off park revenue so they got to get it back on Disney 120 90 some of the ride sharing companies lift got quite a lift couple days lift talking about that they saw some big increases up huge yesterday from 31 50 up to 35 50 back and off a bit to 34 39 uber shares at about 36 35 after a pop yesterday so speaking of a pop yesterday everything charging higher on optimism about the market yesterday bowing shares start the day off in the 150s and end the day in almost the 180s bowing we can open higher again today look at that 173 we closed that yesterday you got to pop right away last night you're getting a pop probably on the airline news with american talking about expanding to 40 percent of their routes and bowing at 181 I mean we've almost doubled since those lows but at that time folks I mean bowing bowing is going to be around but it doesn't mean that it's going to be around in its card form the possibility of bankrupt we might be over that hurdle if things continue going the way they are but it was very real when bowing was at $89 and they're dealing with their 737 max on top of airlines being shut down everywhere but nonetheless we're going to open at 181 you're talking about a solid double from that 89 low stay tuned folks I'll be coming back from the break see what else we have on tap for Thursday trading of course non-farm payrolls tomorrow as we talked about and check out that s&p making it all the way almost to that 786 number of the full drive down to 2174 and we're approaching a thousand points above that level at 3100 stay tuned folks I'll be coming back right after the break I'll be back in three minutes back in the day I joined the hotel california in 2006 and like many of you was drawn in by as well as whatever you think about you bring about whatever you focus on grows you see I believe that everything in life happens for us not to us and tom ignited the fire within me to want to learn how to master the markets so how did I go from knowing nothing about technical analysis to becoming the number one market timer for the s&p 518 and the number two market timer in 2019 simply put I hired coaches with a proven track record which led me to a whole new set of tools that I created to interpret the message of buyers and sellers I would love the opportunity to teach you this award-winning set of tools and help you improve your market timing you can test drive my newsletter service mastering probabilities for the next 30 days with no risk to you plus you'll gain access to archive workshops that will take you step by step through my system sign up today by going to the home page of tfnn.com and selecting mastering probability in the newsletter tab if you haven't checked out the newsletters page of tfnn.com what are you waiting for all of the tfnn newsletters are informative up-to-date affordable and must have for every trader looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk-free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from tfnn stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox nico our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by nico and page of living a primal lifestyle buy it today for just eighty nine dollars click on the primal edge banner on the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com and hit watch tiger tv that's tfnn.com and hit watch tiger tv for the latest market information folks so you have christine the guard holding a press conference for the ecb right now on the heels of their additional stimulus checking out the euro you spiked from 112 up to 112 60 above that level we pulled back a bit gold really accelerating you trade overnight from about 1700 gold charging higher on that news in the ecb as well 1723 crude oil 3668 checking back on the indices as we've pulled back a bit since I came on the air the highs at about eight a.m. we're now giving up 150 Dow points from that level of 26 100 s and p is trading at just under 30 100 the fall about 15 points off of where we were at or 10 points or so in the nasdaq 100 at 96 59 in terms of that ecb what they're putting in so the headline number buying 1.35 trillion euros that pandemic bond buying and to get into it so they're going to increase it by 600 billion euros 672 billion us the amount comes on top of the 750 billion euros that they're already doing the emergency programs help keep borrowing costs lower for the countries in the eurozone the latest decision comes after data reveal the severity of the impact of the coronavirus in europe the unemployment rate in the eurozone rose to 7.3 percent in april from 7.1 in march I imagine you're going to see that number rise higher the ecb have previously warned that the euro area economy could contract as much as 15 percent in a worse case scenario so look out for that right now how about 0.75 percent quite a number put that on a five day to see where we're at we've ticked up quite a bit recently you back it up i mean where is that on this chart here you're looking at a yield that was at about 0.65 percent on june 1st and we just ticked up to 0.75 and it's june 4th remarkable action in the dollar index trading up 97 37 currently on the dxy stay tuned folks we're gonna man larry pesavento coming up live with trade with uc i'll be back at 10 o'clock with tom we got natural gas inventories at 10 30 as well this morning s and p's right at 3100 as we speak the dow 26 thousand 115 in the nasdaq 100 down about 25 points but still right near all-time highs station folks we'll be right back larry pesavento