 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Everyone, this is Jacob. So you're filling in for Tommy O'Brien. Mark from down east. How are you doing, buddy? We're taking it easy today, man. Let's just take a look at what we got pre-market. We have a lot to talk about. First things first. LME's blocked and CME as well as blocked from trading Russian aluminum and nickel. Copper as well is hitting on that. We can see right now today the copper contract is exploding at 2.10%. Pre-market is trading at 4.34 on the contract. Silver at 28.82. Love seeing silver inch towards that 30 to 32 level. That's kind of where we're really looking for it. Gold kind of sideways today. Here's the thing. You say, okay, why isn't gold skyrocketing like silver and copper? Gold had such a meteoric rise on intense volume. So usually what you see after that is kind of a pullback on lighter volume. And then we're going to go right back to highs. That's going to usually be, I mean, look at the volatility on this day. This is April 12th, and that's on significant volume. And so you're seeing people still trying to get in, seeing people get out and get some profits. We're going to go right back to that high. Let's look at what else we got going on. Tesla trading at 170.19. They're laying off 10% of its staff. So we'll discuss that a little bit going forward. Give me a second. I'm going to clear my throat here. DXY. Now this is crazy. It's trading at 105.91. And the minute I can get those charts up, we can take a look at what's going on with that. The higher we move towards that 107 mark, this is going to depress the market. But it's very interesting what we have going on because we have had a down week last week, even with a higher dollar, excuse me, with a higher dollar. But it's not as significant as you'd kind of expect with the dollar being up at 106, 107. When we were having the dollar at that level late last year, you're seeing pretty large sell-offs with it in the market, I mean. So it's interesting to see how robust this market is. I mean, pre-market, the ESMini were up 0.87, Russell up 0.52, the NQs up nearly a percent. And that's with a dollar nearing 106. So that's interesting for the market. We kind of had this divergence between kind of these standard relationships. And it'll be interesting to see how that kind of shakes out, I think, going forward. QQQs, again, up 0.86 percent, trading at 442. Meta at 518.95. And then Disney at 114, obviously some sell-offs in Disney. Apple at 175.72. There's some conversations by some very large analysts in the media. And at this point, I'm just convinced. And I'm sure a lot of you have figured this out in your years of keeping up with financial news. But they just say stuff as an advertisement almost, right? Regardless, some of the big analysts were saying that the minute we get AI for real personal use that's integrated into consumer platforms, things like Apple will take off. Because it'll be a whole new cycle, and that's very true actually. And we're looking at open AI and seeing how they're spreading out. They just opened an office out in Japan. This will be massive going forward. We have SPI then at 514.95. Of course, we're talking about the ESMini. Goldman Sachs today. Crushed earnings. Let me see what we're trading pre-market right now. Yeah, trading up. That's so nuts. Maybe one moment here. Okay, while I'm waiting for everything to load on that, we can talk about some other things we have coming out in Q1. Looking at Netflix, which is massive. We have American Express coming out, which is huge. One thing I want to talk about in Netflix, which I think is super interesting and makes me a little bit bullish on it actually, is their streaming rights with the WWE. This is, for some reason, the WWE is still massive. You had the Saudis take control of it. They purchased it recently. The Gulf Arabs are really shaking out to be some of the chiefs in entertainment. It's actually pretty interesting. Not only that, but you're getting that Jake Paul and Mike Tyson fight that's going to be streamed on Netflix. These guys are unreal. Let's take a look at their charts real quick. I was not a WWE kid, but I was hanging out with some friends maybe last year and one of them had put on the WWE from back in the day. I feel like the ancient Greeks would have loved that. That's like their plays were like. I was watching this and I was like, I kind of get it now. Obviously, I'm not really watching that by myself or by spare time, but I had a newfound appreciation for it. Netflix right now are trading at $628.79. That's just insane to me. Up 0.96% early market. Obviously, earlier this year you had this massive gap up, which was like 11%. That was on a second quarter of accelerating revenue growth. Obviously, this is because they cracked down on account sharing, which is still a bane of my existence. Investors also like the new Netflix added 13.12 million subscribers worldwide. That was Q4 of 2023, which is massively above the consensus. Pretty impressive. I think if they can, here's the deal, right? So you have UFC now, right? UFC is massive. You just had their big fight Saturday or their big event Saturday. That turned out in a major way. UFC is getting funded by Abu Dhabi. It's interesting to see going forward if Netflix can secure some of these streaming rights. The UFC has had its meteoric rise, a bunch of money, and you're still kind of wrestling with this concept of, you know, the pay-per-view model is obviously time-tested. But I think to get more and more people access to this kind of stuff, you could see them making a deal with Netflix. One of the things I've been seeing them do as well, which is super interesting, from UFC's perspective, is actually streaming in movie theaters, which is super neat. However, I mean, I don't know, I'm not going to out myself like this, but you can see how a lot of people who watch UFC just use kind of illegal streams. Let's say illegal. So I think going via Netflix is a major way to kind of prevent this going forward. So I can see Netflix gaining some more streaming rights, especially if the Jake Paul and Mike Tyson fight kind of go well. Of course, we have ASML and TSMC. They'll be reporting. Let's take a look at ASML. Obviously, they're making the advanced lithography machines, which is how we make chips nowadays, up 2.31%. Obviously, massive rise on January 24th as well. That was on a 17% rise in quarterly profit and revenue increased 16% to nearly 8 billion. TSMC, that is the ticker TSM, they're going to be out Thursday as well. I think they've had a change of power over in Taiwan. However, the new leader has kind of reinforced the position of security and working with the U.S. on that in order to prevent any kind of incursions by China. Folks, stay tuned and we'll be right back. In the world of trading, only a few names stand out like Larry Pesavento, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago mercantile exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 24-7, Larry Pesavento's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets. With updates throughout the week exclusively for subscribers, whether through charts or videos, Larry's analysis is your roadmap to navigating the markets. You can sign up now at TFNN.com for just $97. And with all TFNN newsletters backed by a 30-day money-back guarantee, you have nothing to risk. For all the details, visit TFNN.com. You'll find Fibonacci 24-7 right under the Newsletters tab. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that award. The Fibonacci 24-7 was made available to all traders and traders 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. Sign up for the Fibonacci 24-7 award in 2018 and barely missed that mark again in 2019, finishing at number 2 for the year, an amazing accomplishment. 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They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risk, charges, and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, foresight, fund services, LLC. Hey, welcome back, folks. This is Jacob Schrupp, filling in for Tommy O'Brien. Taking a look at DJT right now, there's not really much to talk about besides they filed to issue more shares, millions of additional shares, in fact. So now we're trading down 12.5% pre-market at $28.51, from, honestly, $79.38. That's insane. I feel bad for those backholders. I'm just kind of in there. All right, let's take a look at Goldman Sachs real quick. So Monday, they posted the first quarter profit and revenue that topped analysts' expectations. Earnings were $11.58 per share versus $8.56 expected. And then revenue was $14.2 billion versus $12.9 billion, as expected. That's huge. The bank said profit jumped 28% to $4.13 billion from a year earlier period thanks to a rebound in capital market activities. The revenues rose 16% to $14.2 billion. Obviously, that's pretty insane. Fixed income trading revenue rose 10%, topping estimates of $680 million. That's obviously, it was at $4.32 billion. That was that revenue increase. Investment banking fees surged 32% to $2.08 billion, topping the estimates by roughly $300 million. Unbelievable. And JP Morgan, the ANC group, posted better than expected as well. It's just massive. Take a look at some of our treasury notes today. Ten-year, listen, like people are readjusting for higher interest rate periods. So I think they want lower price and higher yield right now. You know, you're seeing a lot of capital flow into at least fixed rates here. Some into treasury notes. Anyways, I think people are starting to so brought up to the idea that we're going to have higher interest rates going forward for a longer period of time. Of course, we were talking last week how the IMF director said that she believes the US can start lowering rates but only at the end of the year. Not really sure why they're commenting on that, but regardless, that's how we're looking at it. And then, of course, you get the executive branch talking about, oh, no, no, no, we're going to lower rates pretty soon, which is, again, strange because they have nothing to do with it. It's all this kind of political stuff going on with it. Anyways, let's look at Tesla right now, treating it 170.25. Tesla is letting off more than 10% of its workforce. Tesla told managers to identify critical team members and paused some stock rewards while canceling some employees' annual reviews according to the reports and the market value, the largest automaker by market value. Anyways, they had 140,473 employees and it's going to cut about 15,000. In my opinion, I think this is probably going to send Tesla stock a little bit higher, but right now, even on this news, it's not. And so we can move in to talk a little bit about what's going on with EV. Now, I was talking about how Toyota is going to start focusing on their hybrid division a little bit more, right? The new Prius is, by the way, don't look bad. They're pretty slick. We were talking about that last year and I think they're only going to continue to look a little bit cooler, even though that's not really the, I mean, I guess actually that does filter into what people buy, but let's say what's going on here is that the EV market is kind of shrinking a little bit. We can talk a little bit about what industry leaders were talking about where it was kind of too much, too quickly pushing people to get EVs. I don't think the infrastructure is there. I think some of the tax credits that were being given out were interesting, but regardless, everything that happened economically on a global scale kind of put the kibosh on this moving forward and prices are just so high, interest rates are so high for this kind of stuff. So what Toyota decided to do was kind of cut the expansion of their EVs, but they're going to focus more into hybrid vehicles, which, okay, I think this is actually smart. And what I was saying, you know, last week on that is you can still get your like R&D team to focus on electric technology for some bit of time, right? So you're not completely cutting them and you're not stalling out research and development on electric vehicles because I do believe, and I think a lot of these guys do too, that the future is going to be EV in some capacity. However, you're not losing as much out on EV. Maybe you can probably produce these for a little bit cheaper than Toyota is producing EVs or other car companies are producing EVs. So this is massive. So we can take a look at this article here where you have hybrids extend the lead over EVs in green vehicle race. Super interesting here. This is the first quarter in 2023, hybrids outsold EVs. And then, I mean, we can see obviously in the first quarter of 2024 by quite an extreme number versus what was going on year over year there. So electric vehicle sales further decelerated in the first quarter. The purses of gas, electric hybrids remain strong. Industry figures released earlier this month show that hybrid sales rose 43% in the January to March period, while EV sales flattened up only 2.7% the quarter. Following the year's strong gains, EVs have cooled in recent months. Consumers are leery of charging availability and hassles, and prices remain too high for many buyers according to the dealers and survey data. Again, I think this is more of an existential problem than maybe some people are aware of. One of the big stories you had coming out this past winter was in Chicago. You had a lot of the Tesla's completely stranded. And, you know, the major problem with that is it's not just so much technology as it is problems with chemistry, right? When you get to such low levels, can the lithium transfer ions so effectively that, you know, you can power the car? And the answer is kind of at this point, no. And that has nothing to do with the charging capacity of the battery, how far the car can go or anything like that, right? I mean, that's, that is a major issue of it. It is too cold. So what do you do there in a way that makes economic sense? I don't know what the answer to that is, obviously, if I did, I'd be working for one of these companies. I'm just kidding. But regardless, you can see this transition over and Toyota is so fantastically poised for this because they were so dominant in the hybrid electric field for so long, obvious with Prius. And so I love seeing them pivot into this and dump this money in, right? I think this is like pragmatic and progressive at the same time, which I think a lot of people sometimes view those as mutually exclusive. And Toyota, however, is showing that in this case it's not. So Toyota's, this month said the US sales of electric vehicles, mostly hybrid models, surged 74% in the first quarter, helping the Japanese automaker notch to 20% overall vehicle sales increase. That's pretty crazy. Strong hybrid sales have been powering Toyota results for several months. The trend has some automakers outlining big plans to add more hybrid models. Ford Motor, for example, said they expect to offer a hybrid and we were talking about Ford as well, where they're cutting the investments again on massive EVs, excuse me, EV investment and focusing more on hybrid as well. And it kind of makes sense of why you would do that. Pretty amazing. I think, I think the average consumer too, you know, Gen Z millennials, they are more environmentally conscious, but they understand that it's a massive hassle to charge electric vehicles. So this, this might be the default for a lot of people also cost structure wise folks stay tuned. We'll be right back. Tigers, we have some exciting news. Live trading Fridays are here. Join Larry Pesevento every second and fourth Friday of the month, 9 a.m. to noon Eastern time, as he places short term trades and gives insights into his strategies. That's right. That means the first live trading Fridays event starts this Friday, April 12. Make sure to sign up so you don't miss the potential for huge gains. 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Unfortunately, there are equally as many stories of these so-called forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market. This is what sets Teddy Keckstacks, the Tiger Forex Report off the riffraff. Every Monday, former Chicago Mercantile Exchange member and author Teddy Keckstad 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. Furthermore, all subscribers receive access to archived live streams of Teddies where he provides university-level education to help you in forex trading. All first-time subscribers receive a 30-day money-back guarantee. So what are you waiting for? Forex Awaits. single newsletter. Market Insights. Market Insights provides a daily overview of what's happening in the indexes, bonds, gold, and more. Follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market, giving insight into how each one plays either a bullish or bearish role. Tom also analyzes specific equities that he believes has the potential to make huge returns, and his track record proves his analysis right. All first-time subscribers receive a 30-day money-back guarantee. So what are you waiting for? Don't let the market leave you in the dust. Nice. They're trading at 85.03. Of course, we are still trading within this mid to high 80s area. So what's going on with this? I think the U.S. is acutely aware that any disruption, you have a lot of high volatility with oil right now, and I think that U.S. and really central banks everywhere are acutely aware that any disruption to the global oil markets is going to be bad news, especially in a time where everyone's trying to clamp down on inflation. You've seen this manifest with U.S. officials telling the Ukrainian army to stop targeting Russian oil fields, right? I believe they're allowing this Russian oil to be sold on the black market. Obviously, it's going to be for a pretty insane discount, right? The Russians still need it in some capacity. It's not necessarily lending to their efforts since it's, I mean it is in some capacity, but since it's being sold at such a discount, and in some ways as well, it still increases the amount of supply in the world, and I think in some ways black market economics are kind of weird, but in some ways I would reckon this can kind of depress general oil prices. What do we have going on? I think a positive thing right now for crude oil is that you had the Iranian, oh goodness, excuse me. Sorry about that if you're wearing headphones. Where's I at? It's all left my brain. I'm just kidding. You had Iran target Israel over the weekend, and we're still not seeing an extreme increase in the price of oil. In fact, you're seeing this decrease. Why is that? I think for one, this was already priced in. Two, I think people who have money in the line and or objectively analyzing what happened kind of realized that what Iran was doing was far more performative, right? And they needed to do something for people at home. Obviously Israel targeted some of their military leaders earlier this month in I believe it was Syria, and so Iran gave them a three-day kind of notice that, hey listen, we're going to start sending missiles on you. Obviously most of them were shot down, and then Iran and the UN said that their mission was concluded. Now everyone's saying what does Israel do? Israel doesn't do anything, I think at this point, because that certainly risks escalation, where in the moment they can't really afford that, and you had the US government come out and say that we will defend you if people are attacking your country, but we're not going to get embroiled in some further conflict if you choose to do another retaliatory strike on Iran. So I think as it stands now, and I think you've also had some people in Israel's war cabinet saying we're not going to respond right now, we'll respond when it's beneficial for us, and that's just kind of a signal saying we're not going to do anything right now, and I think that's probably the smart thing, because I think any large-scale disruption that's going to obviously increase oil prices here, and that's bad for global trade, and a lot of this stuff has to do with that, which is pretty nice. Anyways, crude oil right now is trading at $84.98. Let's see here what I wanted to look at. Okay, perfect. Okay, so this is an article from BP, excuse me, from Reuters talking about BP. This is what I want to talk about looking forward with EV a little bit. So BP's EV charging arm cuts jobs reduces global ambitions. BP has cut over a tenth of its workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV fleets didn't pay off. The changes that BP pulls are part of CEO Mary Aushen's losses. Very nice efforts to focus on British company's most profitable segments as the battle's investor doubts over its plan to shift away from oil and gas to low carbon energy. I think we are still a few decades out from that. BP pulls reduced the number of countries it operates in from 12 to 4 in recent months, focusing now on the United States, Britain, Germany, and China where it expects the fastest growth in the EV market. Obviously pretty intelligent. As a result, the division acts over 100 jobs in recent months or over 10% of its global workforce of 900 with many employees being moved into other divisions and only a handful leaving the company. The source has said move comes across as the world tightens belts. Okay, we've been talking about that, but it's just interesting to see this like kind of really materialized in this way. This is cool. BP had over 29,000 charging ports globally at the end of 2023 compared with 22,000 a year earlier it said in its annual report. It's cool. I've also seen we have one in St. Pete. It's near a Lowe's. It's kind of like a sketchy little parking lot and some back corner and I saw a bunch of cars parked there at a very late and I was like, what's going on? And it turns out that it's a Tesla charging hub, which I thought is kind of cool. Anyways, talk a little bit about some of the precious metals right now. So the US and the UK imposed a ban on exchanges taking new Russian metals. That's the LME and the CME. This obviously increased the price pretty strongly with aluminum surging by a record before later erasing most of its gains. The Kerbs on a lose aluminum, nickel and copper announced late Friday, don't prevent Russia from selling its metals to buyers outside of the US and the UK. And they don't restrict the vast majority of the global trade in metals. But the sanctions will still reverberate through the metal markets because of LME's central position at the heart of the industry. Its prices are used as a benchmark and referenced in a huge number of contracts around the world. Aluminum jumped as much as 9.4 percent as the market opened the most since the current form of the contract was launched in 1987, while the nickel rose as much as 8.8 percent. However, both metals were only up by 2 percent as trading got underway and we're six past right now. The opening, nothing has really changed in the futures here. Silver still up and then, okay, so a slight move down in copper and silver, but nothing extreme, only maybe by ascent in each contract. Disney's up right now, thank god. Man. Anyways, this is low volume. Big gap up in February and then just kind of marching on low volume. We'll see what happens with Disney. I'm trying not to get distracted here, but I did. Anyways, I think that's a unique thing for them to do, especially at a time when you're having the producer price index accelerating at a slower rate and now we're going to increase the price of the raw materials. I don't know. We'll see how that again materializes. Probably not as such a big deal as the saying is just kind of banning the trade. Oh man, we'll see what happens with that. That's kind of interesting. This is why this global unrest is so bad for this kind of stuff, right? Because really at the end of the day people who get hit are the producers and then by an extension, this is with like cold proxy wars, by extension the consumer as well. Some interesting news for us investors here. Stubhub is eyeing an IPO looking for a 16.5 billion valuation. Stubhub, this company gives me so much grief every time I want to go on and buy a ticket, but this is like a pretty good mark for if you want to invest in something. If you ever feel like you have to use something and the mark is so extreme that it aggravates you and you hear that company is having an IPO, you want to invest in that company. It's the same reason for investing in Duke Energy if you live in Florida. Yeah, they raise our prices, it is so aggravating, but everyone's going to keep paying for it. So why not? Why not make it a little easier on yourself? Folks, stay tuned. We'll be right back. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. 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. 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Before investing, carefully consider a fund's investment objective, risk, charges, and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, Foreside Fund Services, LLC. is doing an IPO this year as well. This is insane. Live Nation is valued just under 24 billion and they're working with JP Morgan and Goldman Sachs. I'm telling you, this is an insane method. If you guys don't use StubHub or really any of these ticket apps, what's so cool about them is if you have something new coming out, say it's like a new event or whatever, you just can essentially buy the ticket from them before they're out and the way that this works is they obviously charge a pretty extreme premium, but they get first rights from the initial ticket distributor and it works for everyone in some capacity. Now, one of the things I wanted to talk about and this is just, it goes to show how lazy some of this writing can be, but this is from CNBC. Bitcoin right now, I think it's trying to get like 66,500. You had a massive tumble last night on 8% and CNBC is trying to link this to the attack that occurred between Iran and Israel, which we just discussed last segment. That's my opinion and I think most people's opinion has zero to do with what happened. You just are getting a lot of outflows right now in crypto before the halving. People are trying to take profits, maybe go to something that's maybe less volatile. If you look at some of these securities you can invest in at like a stay locked in at like five, six percent return and they're not as volatile, I think that's where it's going to. Anyways, Bitcoin rebounded from 60,000 up to 66,500 and that's essentially what I wanted to say. I think CNBC is just wrong on that and they're trying to get clicks for other places. In other news with Bitcoin and Ethereum, Hong Kong, the approved Bitcoin ETFs, which is huge, Bitcoin rose 2.8% on this news. That's obviously where we're trading at around like 67,000 and Ether is at 3,240 according to Coin Desk, Indice Data, China Asset Management, Capital and other applicants posted social media platform WeChat that they have been approved to list spot Bitcoin and Ether ETFs in Hong Kong. However, these announcements seem to have front run an official statement from the Securities and Futures Commission over there, which has not posted a list of approved issuers. That's fine though. Singapore based digital asset trading house QCP Capital said in a message shared with Coin Desk that it believes the ETFs when approved will unlock some institutional demand during Asia trading hours, which I think is true. And this is really pretty amazing coming out right before the halving, which is going to increase the price. No doubt. Another thing with this news, and I've said I like Ethereum a lot more than Bitcoin in the past. You had that Ethereum dump yesterday and you just had a massive amount of whales just by the dip, which is insane. Let's see here in the midst of heightened global tensions, cryptocurrency market witnessed a significant downturn with the total index plummeting staggering 17% over the weekend, marking the loss of nearly 430 billion in market capitalization. The second largest cryptocurrency by market capitalization, which is Ethereum, took a notable hit. That was nearly a 20% decline. Man, when you see stuff like that in crypto, I mean, at this point, the way it just operates, and I know the whole past performance, future performance kind of thing, but this just seems to be the way these cryptos kind of trade, right? And if there's nothing significantly wrong with the protocols it's using or something significantly wrong with how the supply is distributed, no one's doing anything weird. You can kind of suggest or kind of assume that these currencies will stay if it's like that, right? Prominent players in the crypto sphere among this kind of sell-off often referred to as whales, purchased a ton of it. One such whale identified as 0x e34 sees the opportunity to accumulate 1,000 Ethereum worth approximately 3.15 million. This particular address went on to accumulate an impressive 8,300 Ethereum valued around 25.12 million, and this is with this sell-off, and that really goes to show what these big boys are doing is when you get these massive sell-offs or whatever, and I would assume some of these sell-offs too are coming from the institutional investors, right? So it's almost like you're in a really cool spot if you're early entry into crypto trading. What I mean by that is all the kind of subculture that comes with it as well. You like having these institutional investors in, because one, they drive up the price, okay? And then two, they drive down the price when they get out and get scared and it's out of their kind of the risk tolerance. So anyways, Ethereum made a rebound, Bitcoin made a rebound, and everything is kosher on that. And now this is super unique, okay? Let's talk about UFC earlier. B-chain is tokenizing gloves and partnership with the UFC. This is kind of cool. And this is just to show how these things, you know, it's kind of like an NFT basically in some capacity because it's a unique, you know, non-fungible item, these fight gloves, but it shows how this can drive capital for everyone, okay? According to the April 12 blog post from VeChain, gloves worn by UFC fighters will soon be tokenized and their identities tracked on the VeChain Thor network. The gloves will contain a VeChain NFC, which is a near field communication chip that records fight data providing the authenticity of each pair. After the fight, the athletes will quote donate and give away their gloves, making them into collector's items. The chips inside each pair will allow buyer to check the authenticity of the item via a VeChain Thor network smart contract. And this is what you can get so hyped about with this kind of new technology in the validation of the asset you're purchasing. I think it's neat. And this can, you know, it's the opportunities are really limitless. It's only limited by what you can kind of think up this kind of stuff, right? And how this tech can be applied. Fighters will begin wearing the gloves at UFC 300, which was awesome if anyone watched it. And it's posed VeChain claim that the system will help prevent fraud in the secondary market, which is a common problem for buyers who seek to own the gloves worn during particular fights. The new item uses aspects of VeChain's tool chain system, supply chain management system that some enterprise use to track items and make sure they make it to the intended recipient. And think about this too in some ways. Obviously, with assets like precious metals, they're not accumulating new data the way these gloves are going to and that new data is going to validate it. But, you know, you've had these kind of big stories with especially like a nickel, right, where they're just taking rocks and painting them a certain way. And nobody knows what's going on, right? Obviously, it's a supply chain methods they use now. You know, these big private equity groups are purchasing the correct, you know, container that has this nickel. But I think, you know, when you tokenize some stuff, this can be a little bit easier. And we know exactly who's putting what in, where it's going. Is there any manipulation of an end route? It's kind of a cool future that I think we'll see some integration in going forward. Which I think is nice. Okay, let's look at US Steel here. Obviously, a lot of stuff going on between Nippon Steel and US Steel. Steel shareholders approve sale to Nippon Steel, which is massive, this 14.1 billion deal. And isn't that American selling US Steel to another country? Folks, stay tuned. We'll be right back. The gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy sell recommendations. The gold report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. Finishing at number two for the year, an amazing accomplishment. 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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. 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. That's TFNN.com and hit Watch Tiger TV. To close at $41.33. Pittsburgh-based company selected Nippon Steel over a lower cash and stock offer from U.S. Steel's main domestic rival, Cleveland Cliffs. The Tokyo-based company is the world's fourth largest steelmaker and has pledged to use its deep pockets in production technology honed at its Japanese mills to upgrade U.S. Steel's aging plants. That's interesting. I'm going to look more into this too. Just to read some more of the complications and why it's trading at such a discount. Anyway, it's kind of neat. Some general news. Biden administration is agreeing to provide $6.4 billion to Samsung for making computer chips in Texas. The funding announced Monday by the Commerce Department is part of a total investment in that cluster with private monies expected to exceed $40 billion. The government's support comes from the Chips and Science Act, which President Joe Biden signed the law in 2022, with the goal of reviving the production of advanced computer chips domestically, which I think is a great idea. The proposed project will propel Texas into a state-of-the-art semiconductor ecosystem. It is so strange too how Texas is becoming this hub for tech. I think culturally that's kind of viewed as two separate things, Texas and technological advancement. Regardless, I mean, you even have Tesla moving in there. I mean, they've already moved in there and they have massive gigafactories. Anyway, Samsung is getting that, which is massive. The Biden administration is also putting a new student debt relief plan. It costs about $84 billion. Pretty nice for people who have those kind of loans. Folks, thank you so much for joining me. We have Basil Chapman up next. Either way, we have Steve Rhodes, Larry Pesavento, and then Tom O'Brien. Thank you so much for joining me. Have a great rest of your day.