 The following is a presentation of TFNN. The TFNN Bull Bear Trading Hour. Every trading day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Trading Hour. Now, Tommy Anthony, Tommy O'Brien. Welcome folks, appreciate you can ride on and problem with us out here. We have the Dow Industries up 35, NASDAQ up 54, S&Ps up 10.5, Gold Contract up a buck, 14.27 an ounce. You got Silver up 19 cents, $16.38 an ounce, Light Sweet Crude up 53 cents, $56.16 a barrel, notes and bonds. You get the 10-year up 2, 30-year up 12, 10-year at 127.19, 30-year at 155.04 and King Dollar up 73 ticks, trading 96.890. The year is at 112, the year is at 107.93, the pound is at 124.81 to one US dollar. I think we're going to go see what's going on with NASDAQ. Look at this NASDAQ. Yeah, quite a charge. And the X100. Leading the way in positive territory. Yeah, what's driving this? Oh, here we go. This is positive for the NASDAQ. They're talking about the chips. Yeah, it's something. Micron got an upgrade today as well, so go for it. Okay. You got AMAT up 3.8% or a buck 81. You got Broadcom up 3.2 and $9.38. LAM research is up 2.8 at 555 and Western Digital is up 2.4. Good one. Good one. Laggard, Netflix. Yeah, Netflix is down 2.3. What's going on there? That's 308. This looks to me, it's going to the bottom of its consolidation, because what you had here, if we bring Netflix up, you're going to see you gap down. Quite a continuation on that earnings miss. Yeah, and you got, you know, it's a monster consolidation. The bottom is consolidation, man. Is it 261 to 231. Yeah. So that's pretty intense. I mean, there's no doubt. And that earnings was intense. We talked about it last week, man. Right. They were supposed to have about 5 million new subscribers. Yeah. They came up like 2.7. They're actually losing people in the US, and they have, the competitors aren't even here yet. Right. I mean, they got, you know, all those services are coming online next year. Totally. Yeah. We go to lead, and I go over to Amat. Amat's trading $49.63. And, you know, these got smoked. There's no doubt. You know, we're talking about a match of 2018. It was 62 bucks, because now it's a 28. Is that wild? It is. More than a 50% haircut. Yeah. Now it's clear on its way back. Yeah. If we stay with the Netflix deal for a second, Disney. Disney out here. You know, you're trading $140.72. The thing that's amazing is that you had Lion King come out this weekend. Yes. And all last week, every newspaper, folks, the reviews were like disgusting. Oh, really? Every single one of them. Well, guess what? They blew everything away. 185 million. Yeah. So huge weekend. Right now, they have, between Lion King, I believe they have six of the top films this year. Okay. And, you know, Comcast, which is universal, is like so far behind them, it's incredible. You know, so people want to go to these movies, you know. Yeah. You know, the Avengers just overtook Avatar. Yes, for highest grossing ever. Highest grossing ever. And, you know, what's going to happen, well, they're going to keep going. There's no doubt. You know, if you take it to inflation, you turn it into a whole different ballgame. But the bottom line is that they're winning everywhere. Yes. You know. And that's not even counting. What are they? They just opened a Star Wars attraction. So that's not even counting that, you know, they're going to take these movies into their parks. Okay. Yeah. Right. They can monetize these so many different ways beyond just box office. Right. I'm pretty cool here. We're talking about in terms of how many movies. So Disney headed into the weekend, headed into the weekend. So this isn't counting, I believe, what just happened with a 35% share of the full year's domestic market or more than $2 billion in revenue. That's more than double its nearest competitor. I mean, when you think about every single movie ticket sold in the whole country. I know. It's July 22nd. We're almost eight months through, seven months through the year. Right. And they're pulling more than one out of every $3 out of that when you got some huge competition, of course, when you're talking about producing movies, the likes of which, you know, Netflix, all that business. So yeah. Wow, right? Pretty cool. It really is. And the, you know, they have plenty of other films they can remake. Yeah. And, you know, I saw, let's see if it's still up there, because there was another cool article that had to do with how much they bought that Marvel brand for. It's a $38 billion, I think. $4 billion. $4 billion. And they thought that was a lot of money. And they've already reaped $16 billion. We'll pull it up at the break. Well, the market had thought that's a lot of money at the time. But guess what? Yeah, we'll pull it up at the break. But it was a cool article. I was reading it this weekend. Yeah, we'll find it. But staggering numbers, you know? Oh, yeah. Big time. And then on top of that, just then you get the streaming. Yes. So that's another flow that's going to be coming. And on that, you know, this is where I can see how it hits Netflix too, because Netflix is not going to have those movies. Sure, right? Oh, totally. Like, if you're five or six, seven years old, what are you going to do? Well, if you can see Lion King first, it's like, okay, where are you going with this? So let me talk about it. You probably, they're not, they're all competing against each other, right? But Disney probably much more geared towards family. Yeah. So maybe you get both. That's probably what Disney's trying to, that would be the goal, right? Isn't it great if you don't have to compete with Netflix? You say, you don't have to cancel Netflix. Just get ours too. Right. But guess what? You might end up canceling Netflix. You're not going to go for that type of direct competition because, yeah, families, you're going to have to have Disney money. Goodness. What are those poor children? You're not going to let them want it, right? You're going to go to kindergarten, first and second grade. It's like, hey, have you seen that yet? No, I haven't. What do you mean? Why haven't you? We'll get that Disney Plus, right? Totally. Yeah. Let's go take a look at some of the higher volume equities out here. And we'll see whether we get volume in this market today. You get Microns up a dollar. You get Microsoft, look at Microsoft came right back. Up $2.20. You get Apple up $3.24. Let's go to Apple and take a look at Apple for a second. Yeah. Okay, so that's really not much of a move. It's interesting because it's still in the same spot here. Yes. They come out. I think it's August. They come out. July 30th. Yeah. We got lots of numbers this week. We sure do, man. Yeah. We got Halliburton today. That's up to 7%, I think. Oh, look at that. They did pop, huh? Yeah. Okay. Yeah. Okay. Okay. So let's see. Let's see. Unit margins flat, but the market's liking that. So as long as they've been going down for so long. Service pricing is proving in Asia Pacific. Business in the Nazi is extremely busy. Now, the Nazi, if they can get that going, this one ends up happening. So, picture, we have all the fracking here. Right? The Nazi is deep water drilling. Okay. And that's where they need a Halliburton. Okay. And if that gets busy, then these, you know, service companies can actually start doing some real business again. Maybe one more time. We might have got there. There we go. Yeah. Earnings per share. Let's see. Continuous operations. 35 cents versus 30. Okay. 5.9 versus 5.97. That's actually a miss. Interesting. Operating income. That's a decent gain, though. In terms of this, 10% over what they thought, right? Supposed to come in about 500. Right. 50. Yeah. Not bad. That's a turn. No, the market likes what they see for sure. Yeah. That's a turn in where it's been for a long period of time. Because I mean, look at this chart. You know, look at this. This is, you know. Oh, yeah. We had a 54 handle, I said, in the update last week on crude. Yeah. So, you start getting 54 handles, man. You're not going to be able to rationalize the cost of that deep drilling. No. Right. So, $74 in 2014. A couple of months ago. Well, last three months, 21 bucks. Yeah. What was oil trading at 2014? 100. Oh, big 10. Yeah. I'm going to exaggerate. $190. No, like $141. Yeah. Yeah. 877-927-6648. Give us a call, folks. Dow. Dow Industries up 13. That's like a 46. S&P's up 8.5. We'll come right back. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. 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Internationally at 727-873-7618. Folks down. That was up to three having a hard time holding price actually. Now it's like a 43 S&Ps up eight. Let's go over to that dial and see what is holding the dial up here. Inside the dial, yeah, it's interesting. There's not a lot of down draft but there's not enough up draft. So you've got Johnson & Johnson putting 14 negative points, Boeing 11, Home Depot 9, Apple putting 22 positive, Microsoft 15, IBM 10. So numbers this week. Yeah, I was just telling you man, even tomorrow. So we've got Halliburton today, you have the schedule in front of me. Tomorrow we go JetBlue, Coca-Cola, Lockheed Martin, United Technologies, Snapchat, Visa, Chipotle. Wednesday we're going to get Tesla, Caterpillar, Boeing, Ford, and Facebook. And Thursday we're going to get Google, Intel, Starbucks, and Dow. And Friday we get McDonald's and Twitter. So it's going to be a full week. That's a full week. And especially look for, you know, Boeing on Wednesday. They're going to have a lot to talk about. Facebook on Wednesday and Google on Thursday, just some of the giants that could really hit the market. Yeah, we get Boeing at 375. What are they, the last time, I mean, they were saying they're going to write off 5 billion. The 5 billion, well we'll find out if it's going to be a lot or not, you know. Market didn't think it was a lot because it traded higher, right? Right, right. But that's also predicated on the fact that all is well by year's end, which they're going to have a busy five months for all to be well by the year end. So I don't know how that... So they have their gross coming down by 2.7 billion. Yeah, they did 22.9 billion last quarter looking for 20.2. Yes. And then you can see their earnings per share hit. That's a big hit. Dollar 93 versus 316. I mean it is a big hit in terms of lowest revenue that they're going to have on this chart. Yes, which is 5 years. Yeah. Yeah. And I would question this number because that I imagine is predicated on a rosy scenario like we said of how this kind of wraps up. Right. And they got a lot of pieces to falling correctly for that to work out well. They do. Yeah. Google, so let's take a look at Google. Google's 11.25 right now. The highest 12.89. There's no growth for you. They just don't stop, man. This is pretty amazing, folks. If you happen to watch on Tiger TV, only five years ago they took in 60 billion. Yeah. 132 billion this year. Yeah. My God, that just doesn't stop. It doesn't. I mean even just go. And next year they're looking for 154. That's what I was going to say. So even going from 2018 to 2020, they're going to add $44 billion, which is more than like, it's like a 40 percent, 30 to 40 percent growth on two years on $110 billion. Grow your revenue 30 to 40 percent over two years on $110 billion. So if they keep that up like what, 20 years, they're a trillion, right? Oh, well, they're way over a trillion. 20 years. Compounding interest, man. 20 years. I don't know. My brain doesn't have that many zeros. We'll pull it up. We'll pull it up in the break. Because now it is. It'd be staggering. I know. That's pretty amazing. And then Facebook, okay. So Facebook is looking for, they're trading 200. Look at that. So five years ago, Facebook was doing 17.9 billion. Keep in mind, folks. Another company just wrote off $5 billion for their woes. Yeah. And just keep in mind, at 2015, 17 billion was a huge amount of money anyway. Yes. And now it's 69 billion. Yeah. And then next year, they're going to jump to 84. So they're growing by third, well, they're growing by 45 percent. Yeah. And the news out this weekend kind of talking about Instagram, their product as well. Okay. They might be doing away with the likes. So you can't see likes. So like you pull up a post, you don't even know how many people liked it. So if Kim Kardashian had a post, you'd say, oh, 800,000 people liked it, 1.3 million people liked it. So it became popular. I wonder why they're doing that. They want to be about content, supposedly. They don't want to be about just a popularity contest. And of course, you'd still be able to see your own metrics, numbers, et cetera. That's probably about how many folks you can basically hire in the business just to give you likes. Computer generated. Well, it would eliminate that part of things. Exactly. Exactly. It would. As in, you know, paying for likes. Right. Right. But we'll see. I mean, to me, it seems like the whole thing's predicated on likes. So I don't know how you make that change. Yeah. I get it. Right. Gold. Let's go take a look at the gold contract out here. Gold is hanging tough, folks. Bottom line is that this baby, right now you're at 1426. Now, if we bring up the continuous contract, what you're going to see is that we got over the break top side. But my take is that you need a break with conviction. And what a break with conviction is and I'm pushing this right to the top of it, you know, because, you know, it's like, technical analysis bottom line is that, you know, you could really take the lower part of this in 1392, but bottom line is that I'm taking the very top on this one. Sure. Because it's 1428. Okay. And I want to see that go with conviction, meaning that we got up last week, you got over it, but it closed under it. Yeah. 1454 we went to. We closed at 1426. Yeah. You know, you break this, and I suspect we're going to, then on the agenda, it's going to be this 1794. You know, it's a nice setup. There's no doubt about that. Yeah. Bottom line is that it has to get up and over it. The longer, you know, we just got there. So when you do look at the equities, many of them, they're blown out their highs. I mean, It's quite a chart. Yeah. Royal Gold in particular is like that, that thing. And because this is a streamer in a royalty stock folks, your probability is much higher that, you know, the physical metal itself is going to go. And then if you, you know, I'm Amis Larry Pezzavento, who if you've never heard, or even when you do hear, he's in a outstanding show, eight o'clock, nine o'clock every morning. See these bars here, these wide ranging bars, you know, we had, this is a monthly. So last, let's see. Yep. That's June. Yeah, June. It went from 88 to 102. July, we've gone from 100 to 118. These, most of the time, and Larry taught me this. And these come in threes. You know, when you see these, man, these, this is like powerful, powerful moves. Silver, silver market that finally got a bid. Now, what's intriguing about the silver market is this. That's, you know, I saw you nine. Yeah. Is that, that, we've talked about this many times in the market in general, like the chicken or the egg, the ETF structure versus the physical gold, or silver, or whatever you trade in, like the NDX 100. Well, what has happened is that the money managers have piled into the ETF structures for silver. Okay. It's the largest holding they've ever had. And let's see. Let's see where it says. It might have been right at the top. Oh, was it? Okay. Yeah. There it is right there. So the metals rallied 8% in seven days. Holdings and ETF backed by silver at the highest on record, and money managed boasted their net bullish bets to a 20 week high. According to the latest data, we're valuable. Now, what's cool about that is that what happens is that, guess what, if they buy the ETF structure right the way the ETFs are set up, folks, the ETFs have to buy physical gold. So when you have this trend with you, it can really accelerate. You know, when the trend's against you, of course, it just goes the other way. Yeah. But that's a big deal. And what I really like about this article is that we're talking about the ETFs. We're not talking about futures. So if you're the money manager, you buy the ETF. Well, you're in it. It's not costing you anything. Sure. The futures, you've got to roll over. Different ball games. You know what I mean? That's more speculative than the futures. Yeah. Reaches the ETF structure. Yeah. Hi, folks. Tommy and I are coming right back. We have the Dow Industries down 20. Nasdaq up 43. S&P's up 6.5. We'll come right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and market insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my morning letter to subscribers with market commentary on a variety of markets, currencies, and commodities to keep investors up-to-date on the day's trading action. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Right now, it's up 46. S&Ps are up 7.5. So, we're talking gold, right? Yeah, today's the day. Today is the day, man. What day is today? 900th edition. You got it, man. So, 900th issue of the Gold Report published this morning before the market opened. We got a sale going on the front page. Pretty remarkable. Congratulations, man. Thank you. 17-plus years of doing that Gold Report every single week. So, we got a special. Tigers, you can get a year of the Gold Report for $495. The way you do this, come over to the front page. You'll see the special on the front page. This is open to new people. So, if you haven't tried it out, great time. Current subscribers. Currents are going to take advantage of this as well. Whether you're on the monthly plan, whatever you're on, you can transition to a yearly. If you have any questions, just give the office a call in terms of how to apply them. Or how to transition your members to your subscription. You end up paying $495. And with this, I'm going to back-drop a bit, you're going to end up with $695, Tiger Dollars, which is the exact price for the year of the Gold Report. So, normally, our Tiger Dollars specials, you spend $500, maybe you get $600. We've designed it, so it's perfect. You got no remainder left, right? You're paying $495. You're able to apply those Tiger Dollars. You get $695, right to a year of the Gold Report. It's more of a 40% bonus on what you spend. And you got a full year of the Gold Report. And you lock in that price of $695 because we're going up on prices August 1st, which is when this runs through. So, it's just that simple. You get your Tiger Dollars, then you apply them to your account and you can go purchase the Gold Report, or you can purchase anything else. So, other subscribers out there, you want to take part in the celebration. You subscribe too. You're just talking about Larry Pezzavento. You subscribe to Fibonacci 24-7. You can just get your Tiger Dollars. You're getting your... This is basically a Tiger Dollars sale, but we've designed it perfectly to the price point for $695, which makes it nice for those signing up for the year of the Gold Report. But guess what? Tiger Dollars apply just as well to the opening call to Fibonacci, mastering probability. So, you want a 40% bonus on whatever you're spending. You're out there paying the monthly rate of Fibonacci. Well, that's great. You'll still pay the monthly rate. You'll just be able to use your Tiger Dollars. You want to pay for the Gold Report, though, $695 to run through the end of the year, and heck of a deal, man. I don't think we've done more than a 40% bonus ever, maybe, on those Tiger Dollars. So, check it out in the front page. And we get action. That's right, man. So, this run... You get some good positions in there right now. I know you just put out a good nice new issue this morning. Some of those numbers, man. I mean, you just... When these things run, they run. You had a new buy last week, so you had to buy seven days ago, and it was a 20% already last week. Staggering prices. Yeah, they... What happens in this market, if you've been in the market, you know, folks, when they run, they run. And it looks to me that this run... It's a decent weekly bargain to initiate a position on Monday. This is Pan-American silver, yeah. It went from $1290 to $1573. Bad week. And it had... And what happens with these is that a lot of these equities, and we were talking about this last week, it comes down to the DL about what they can get ore out of the ground for and what the price is of the ore, gold, silver, copper, at that particular point. Because these companies, folks, some of these companies taking so many hundreds of thousands of ounces, it doesn't take much being a dollar over the price. Sure, right. It's actually a really tough business. I really wouldn't want to be in that business because what happens is that it's a business that politically you got to get it right. Then you got to get the ore right. Yes. Then you got to fix the land. Sure. Then you got to hope the price is right. Right. Because the differential is very small, but that's when you see these things go. I mean, if gold's at, you know, $1425, what ends up happening is that exploration stocks, you know, as they're coming up, it'll turn around and say, okay, I can get gold out of the ground. Maybe it's $1,100. Maybe it's $14, maybe it's $15. Sure. And then when they get to that point, that's when they go exponential. And that's when, of course, they get crushed on the other side. Right. You know, so... Yeah. There were a lot of stocks that were doing real well when gold was at $18 or $1900. And that run, you know, huge. When it pulled back to $1,200, I mean, they're basically worthless entities. Exactly. And they got to stay alive. The real question then is that, do they stay alive? Yeah. I'll show you. Yeah. You can go through quite a few of them. And it really has to do with the price. They can get out of the ground and get it to you and me. Yeah. You know, let's say, and... Deliver it to the end user and get that cash. Right. What has happened, which is really good, is this is Mark Bristow who's one of the guys behind this which runs Barak Gold right now. And he started this like about 15 years ago, meaning making these companies... Now, he couldn't make these companies do anything, but he was leading in the charge that, listen, man, you have to deliver the real price that it actually cost you, not the price of getting the ore out of the ground without fixing the ground after the fact. And so now you see more companies that actually do that. And so what I mean by that is that let's say that, you know, you're at $1425, a company saying that they're getting it out of the ground at $1,200. Well, does that count that they're going to need another $100 an ounce when they finish this mine 20 years from now to bring that ground back because legally in every jurisdiction, that's what they've got to do. Yeah. You can't just leave an open pit. And that's really important. Yes, definitely. And so the accountability is much better even now than when I started the Gold Report in a big way. And they try to get it better. Yeah. And we'll find out what Gold companies have tended to do is ask the gold price goes up. Then they spend way too much money for all the other gold companies. Yeah. You know, it's like, gold's at, you know, 1426. Especially the big ones. They got to grow. They do. Right. And their spread is small. But as I said, their spread's small, but if it's millions of ounces of gold, well, just start doing it. Millions of dollars. Yeah. And you get earnings on some of those gold companies coming up this week. Oh, we get so many of them. Yeah. So great time to send it for the Gold Report. Yeah, let's see it. But I know I was reading through all the equities on Wednesday, Thursday this week. That's huge. Yeah. It's a big number. So an equal eagle, let's see what, and what will end up happening, I don't believe we're going to get the acceleration of price in this quarter because this quarter ended. Well, you can see, even on an equal eagle, they're looking to take in 510 million. And then next quarter, they're looking for 681. I suspect what that is, you know, is the aspect of the price of gold. You know, because let's see, this is July. I think they want to tweak that that quick price of gold. Oh. They're not updating their third quarter projections on a weekly basis. That's all I'm saying. You know what I mean? I don't think that that number is going to be tweaked that quick. Yeah. Well, I'm not quite sure where it's coming from then. Let me just see something. Royal Gold. Yeah. Let's see. They're in different quarters, though. Yeah. Yeah. But that just, they come out. So the Royal Gold, they're looking to go from 109 to 120. The stream is absolutely, we're evidently at a price of gold right now that is really good for the streamers. Sure. You know, because you're talking about gross price. Yeah. Exactly. Got to like that if you're in the royalty business for a commodity and that commodity is at a price you haven't seen in six years. Right. You better be doing well, man. Right. Yeah. Yeah. We'll switch gears for a second. Let's go to the defense Lockheed Martin. So this will be interesting to see. The high is just reached this month, 373. $100 billion company, not bad. Yeah. They're going to be looking to take, well, it's kind of steady actually, 14.2 to the bottom line. Okay. I got 100,000 employees I think I saw. Yeah. Aeronautics, 21 billion. I think they're still growing. They are. Still growing. Big numbers, big numbers. Big numbers and you can grow. Our phone number is 877-927-6648. That was down 5. And now it's like, 49, If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunities zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a 4-year CD in the country as of February 20 is 3.1%. 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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, foresight 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. We're back folks, I doubt. Now it's down 10, now it's up 47, S&P's are up 7. Notes and bonds are hanging tough. And so what we have here is that last week you had the Fed governors out everywhere. Now they have to be silent. Okay, so that always gets intriguing. They got to keep them all shut. It's pretty amazing that it's middle next week is when we get that Fed meeting then. It seemed like it was going to be a little while away in July 31st, middle next week. And there it is, yeah. Probability of a cut, 100%. And then September, we're at 65. September 18th is the next meeting. And that'll come pretty quick too, 45 days, 48 days after it. And what's actually remarkable is that we're at 65% for a cut, but we're actually at 80% for a cut. You see these two, we're at least 80% at least. I mean there's a 15% chance that we somehow get three cuts in the next two meetings. So there's actually more than 65% chance that we get two cuts by September. As in there's almost an 80% chance that we get two cuts by September. The numbers get a little crazy when you start breaking it down like that. They do, they really do. The market thinks that they want to cut, that's the bottom line for sure. And so right now I think we're 2.03 on the 10. And we keep looking at this 10, look at this yield. A little volatility, man. Oh, it has been. We're at 1.93, we're at 2.13. Now we're right in the middle of kind of that bounce around range there, you see. The last low was at 1.93. That was on the, it's at the 3rd of July. Yes, it is, right before the 4th. And when you look at this, 1.71 still sticking out. It's the bottom of the election. That's the week of the election. That was quite a month, man. It raised from 1.71 to 2.4 in a month. The market had a little bit of a tough time figuring out where it wanted to go. And then once it figured it out, it took off across the board. Whether it was markets, dollar, bonds, the whole deal. Yeah, and you know, we'll... Pretty crazy we're right back down there though. Oh, it's heavy, man. Just getting ready for 2020, the market's recoiling. Yeah, getting ready for 2020, all right. I'm telling you, the real key is going to be here. Like, are we really going into that 1.71 or 1.35? Yeah. And yeah, yeah, let's look that. Because this is interesting, man. I mean, if they get a two-year debt limit, we haven't had a two-year debt limit extension in a while, I believe. To put that kind of off the plate all the way through 2020 would be a good thing. Hopefully, hopefully, the elected officials on both sides want that because it shouldn't really become part of politics, paying for the bills you already spent. So I would hate to see that come into the 2020 fray. So hopefully, that's what they're thinking, too. You know, let's not have this be a political problem as we have the election looming because then, you know, each politician's going to get on their stump, et cetera, when nonetheless... That's right. This would bring it over. Which is great. This brings us to July 31st, 2021. Yeah. So let's see. So it says Congress and the White House are in the brink of an agreement that would raise the debt limit until July 31st, 2021. Let's see. The deal, as in the final stages, would offset about 75 billion of the spending increase given Republicans about half of the savings they sought. The question remains whether Trump will support the agreement. Time is running short. Let's see. Four people confirmed that the deal is imminent. Mnuchin, no one at the U.S. risk missing debt payments in early September. Let's see. The spending increase that Pelosi and Mnuchin have totally agreed to is estimated to cost around $50 billion. So... Well, just finishing. Okay. So Trump officials have been pushing to offset that spending increase for the military and domestic agency budgets with savings and entitlement programs. So they want to cut Medicare and Medicaid to make up for the $350 billion that they're going to push into the military and domestic agency. So that's probably the battle there in terms of all of those cuts coming from Medicare and Medicaid that are not subject to these annual budget caps. Right. So that's part of that. And... Yeah. So let's see what else it says. White House late Thursday floated a menu of savings options worth $574 billion from which Pelosi could choose. Yeah, I'm sure those were gems of choices. What to include in the deal? Pelosi resisted offsetting any of the spending increases and the compromise and merging Monday suggest that Trump officials will get about half of the $150 billion in savings they sought. White House offer also proposed extending caps on defense and non-defense discretionary spending for 2021 and 2022 to save another $516 billion. But this request has been left out of the final deal to people said. What's going on? I think it could be a good deal if they push that off two years because this did not used to be a deal. And we definitely have a problem with our debt in this country and both parties got to pull that together somehow because it's getting a little crazy. Especially at a time when we're at full employment and the markets marching on not to get too political but everyone likes to point to Obama 2008, 2009. We were losing about a million jobs a month. That's a time when you can have a deficit. The time to have a record deficit is not when you're at full employment. That's a big problem. And this is interesting. So in here also folks. Pelosi had also sought $22 billion needed for veterans held from counting towards the budget cap. People familiar with the negotiations say she's unlikely to get that. You see this on a continual basis, man. I mean, they send everyone off to frickin' war and then they don't take care of them. And that's going all the way back since I went to service. I mean, the people always say, oh yeah, thank you for service this or that. Guess what? It never comes down. We just passed a tax cut, $1.5 trillion that just got added to the debt for basically corporate profits and share buybacks. And then we can't pass a deal to help the veterans pass a deal to help those 9-11 first responders without saying what about the debt? Well, come on. Today, this is what's really cool, folks. We know that the Wall Street Journal is conservative. They've been coming out, though, factually with some numbers that are so cool. There's an article in there today about the amount of money that these companies have not paid and saved legally. Big corporations. Have not paid in taxes, you're talking about. It's a great article. I mean, you read it and you just can't... Oh, I'm sure it's staggering. It is staggering. We just added trillions to our debt for that tax cut, so... Now, this is pretty cool, though. Also, I'm just... I'm moving around a little bit. The inside of this budget, right? And the budget's going to go through, so this part of it's going to go through. If you do happen to be a veteran, right? Now, this isn't a housing business, and I think it's going to do a few different things to the housing business. What will happen on January 1st, right? The way that it works is if you get a VA loan, you can do a VA loan with no money down, up to $437,000 down here if you're in Boston. It varies by area. There's an uptick, okay? Well, what happens, the new rule is there's no limit. Okay. Okay, which is pretty intense. That is. So that's going to mean... And the way the limits had been established, folks, always, since it started, is Fannie Mae and Freddie Mac limits. Whatever those limits are, that's what they were. Yes. Well, they're getting rid of that. Now, I think two different things are going to happen. I'm glad it's going through. That being said, though, I can't picture Fannie Mae and Freddie Mac like six months down the line, saying, hold it, why can't we go more? Do you know what I mean? So this is going to be the beginning of another debt bubble. Yeah, I don't understand why. I love that. Why do... I mean, this is supposed to be something to help veterans get a home, right? Yes. To help Fannie and Freddie Mae, to help somebody get into a first home. It's not supposed to be able to allow affluent people to get a 0% loan on a million-dollar property. But that's what you can do. And that's my point. I just don't understand why. No, I agree. That's what... Hopefully Fannie and Freddie Mac doesn't... I stopped looking. I said, you know what, man, this is... Because there's higher risk for defaults when you put 0% down on a million-dollar property. It's supposed to be home ownership. Yeah. Stay right there, folks. Come right back. I'm certain you are, or strive to be, one of the best of the best in everything you do in life. It's the most common trait that we Tigers and Tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastery Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one marketer. In the nation for the S&P 500 for the last 12, 6, and 3 months. 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Right now you can get a two-week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two-week free trial to Basil's newsletter of the opening call today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Folks, now I was down 61, now it's like it's up 32. The S&P's are up two-and-a-half. The only question the tag is then where, let's see, am I looking for the S&P's to do a substantial decline? What I'm looking for first is this S&P to finish the ABC structure up that it's in right now, which is 3,055. And we're at 2,979. Where's the A and the B on that? We have two different ones. The 3,055 I believe is this one right here. That's the B. That's the B, which is, what is that? 2,969. And then below 2,732. So 260 points. 2,967. Yeah, 260. Yep, so that'd be 31. No, that's 31. Okay, that's not it then. Then this is the one. Here it is right here. That's your B point. 2,915, right? 3,322. 2,732, 2,915. About 180 points. There you go, yeah. So that puts it at 3,050. All right, now we did another one. I'm not even taking the other one. That's what I'm looking for. And I think the way it's lining up is that it seems it's lining up for window dressing. It's lining up for the big earnings coming out. It's lining up for the Fed cut. You know what I mean? That's the shot deal. The longer deal that I think we're in is just monster consolidation. And that we will come back down. And the longer consolidation is the, this is a big deal because the longer consolidation would be down here at 2346. Okay. So you still have to get back inside 2939. Because we're at another range now. You don't come back inside there, I guess what. Rates are going to zero and some money's all over the place. Companies, printing profits. Stay right there, folks. We have a fast market coming up next. Let me get our man, Mr. Basil Chapman. Steve Rose, Dave White. We'll be back this afternoon. Thanks, pal. Thanks, man. We'll get them, folks.