 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 company live from TFNN 906 a.m. Thursday morning We got about 24 minutes to go until the start of trading and man quite a market coming off fed day yesterday Putting things on a 15 minute basis yesterday You come down to right near the lows of Tuesday and man You're talking about more than a hundred points. You're talking about almost a hundred and forty points You're talking about all-time highs this morning just prior to 7 a.m. Trading at forty seven forty three since then though You've had the S&P's give up about half a percent 22 points to the downside 47 20 from those highs still positive by about 20 points on the S&P's Nasdaq positive by 45 points this move in the Nasdaq man watch out Microsoft had some pretty magnificent moves Apple nearing the three trillion dollar mark yet again. We have the Nasdaq 100 yesterday Chairman Powell comes on 15,750 you trade up how about seven hundred points to the highs this morning sixteen thousand four fifty seven now You take a look sixteen thousand four fifty seven. You're talking about only about three hundred points You're talking about almost two percent We were away from the all-time highs in the Nasdaq 100 jump over to the Dow the Dow this morning makes it up Above thirty six thousand briefly to thirty six thousand ninety eight You're talking about less than one percent away from all-time highs in the Dow and the Russell's positive by 15 points Pretty far away from you talking about ten percent away from all-time highs in the Russell ten percent on the Russell Crew catching a bid this morning up 91 cents at seventy one fifty seven gold catching quite a bid as well We'll jump over to that in a moment. You got gold yesterday, man Watch out down to 1753 gold rose back to 1780 the uptrend continues to 1790 this morning in gold We jump to notes and bonds We're getting a little bit of higher price lower yield the yield on the tenure right now 1.45 percent 1.45 percent not bad in the tenure You're positive by nine ticks right now the third year is negative by nine ticks at one sixty one Fifteen and we jump around let's jump around to some of the fang stocks I talked about it yesterday this in terms of the action yesterday Microsoft my goodness. You're talking about a move man. Yesterday. You're down to three twenty four fifty and just like that We gained ten dollars on the shares of Microsoft quite the volatility to the downside and Microsoft almost gets it all back from Tuesday's action We jump over to Apple shares Apple was up above 181 this morning. I believe the price 182 86 I believe 182 86 Bottom line it makes it to 183 you got a three trillion dollar company in Apple. You're trading at 179 50 this morning That's gonna be up about 20 cents on the open We jump over to Tesla shares this morning Tesla just under a thousand quite the move this thing had yesterday as well down to 928 over a thousand briefly this morning trading at 991 Google shares this morning up as well Google man all of these moves are pretty remarkable gonna jump to Amazon next But Google trades from 2860 almost up a hundred dollars for the highs we had pre-market and Amazon did a hundred dollars I think they had a hundred and fifty bucks yesterday No, almost 200 bucks. Yeah, how about that from 3303? Yeah about a hundred and fifty point run from lows to highs yesterday in Amazon you had a print this morning of 34 93 a hundred and $90 on the price of Amazon from where we were yesterday at 1215 to where you were printing just this morning at 645 when you had the market at highs Now man, this one surprised me First the analysis was hawkish, right? We come over to the headlines fed doubles taper Signals three twenty twenty two hikes in inflation pivot in the market folks trades to all-time highs I found it most interesting the term dovish hawkish Maybe the maybe the fed chairman quite a balancing act when he can actually get called dovish hawkish Which is what some of my friends even we're calling it in the statement the press conference the press conference Excuse me and with the headline numbers in terms of three twenty two twenty twenty two rate hikes When you're talking about dot plots, etc. They're gonna double the taper. They're gonna accelerate that taper I listened to some of the press conference Chairman Powell saying basically When they got that CPI data that was kind of the nail in the coffin that he knew that there was there was a time to accelerate Things at the last meeting. They were really close to actually Increasing the pace of the taper but didn't quite go there waited for more data and man Did they get that data with CPI data coming in at 6.8 percent? But then he also went on to basically signal that they're gonna be in there for the long haul full employment Is probably a long way away that is their mandate full employment and price stability price stability Obviously in a little bit of flux right now But nonetheless pretty remarkable the acceleration there now jumping back to let's just see if we can put it on a five minute to See the the real acceleration because the first move was down at 2 o'clock the statement gets released The first move was down the hawkish tendency causing a little bit of fear in the market And then you just roared higher to the tune of a hundred and forty points above where you were a low of forty six oh two 141 points to be exact one forty one point two five quite a run from lows to highs yesterday And look where it bounces folks right on the lows intraday yesterday About forty six hundred a nice round number and there you accelerate higher in a big way to higher prices you go Gold really accelerating gold's been in struggling for a while yesterday the first time we really get a run in gold 1791 right up to the highs we had a Monday within a dollar of those highs actually 1792 you take a look at gold on a daily it's been chopping around man Bounces on that lower portion of where you might be now you back this up even further on gold You take a look at the full run we had during COVID okay from a low in last March of 1450 up to a high of 2089 seems like gold just finding some support there along that 50 percent retracement number whether it was back in June you bounce August you did get a dive lower briefly before you bounced back in late September early October right around that line And we bounce yet again at about that level of 1770 or about is where gold seems to find a little bit of a bid. We'll see where it goes from here Okay, what else we have going on? Weekly jobless claims 206,000 higher than expected and above pandemic low But man all things considered you're talking about quite a low number The four-week moving average declined to its lowest level since November 15th 1969 so taken a four-week average There's going to be some variance in the numbers you're getting on a weekly basis probably a more accurate reflection if you're taking a Moving average of some degree 206,000 you're talking about low low numbers in this economy 195 was the estimate and a gain of 18,000 from the previous weeks up really revised 188,000 you check it out on a chart though those are declining levels maybe in the last four weeks Reaching a lower level. I mean we are in a healthy economy It's important to remember that you have a churn of somewhere around 200 250,000 jobs on a weekly basis initial jobless claims The argument could be made that you can have less because of the tight labor market because of the amount of people that We're trying to get back into the workforce Maybe we should have less people right now Filing for an initial unemployment claim as we're trying to get those jobs back into the labor force But nonetheless pretty strong numbers and shown by the fact that on a four-week moving average you're talking about 203,750 the lowest level since 1969 And yeah, and let's see where else are we Yeah, weekly claims amazing 6.15 million the numbers during the pandemic continuing claims. There we go Now that's a week behind 1.845 million is the number for continuing claims and you see the trend there lower numbers on a continuing claim basis That is a one-week delay versus the initial claims number. Alright folks. Stay tuned. We'll be coming back We'll talk to our man Kevin Hicks from TD Ameritrade fast market. 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Watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be tfnn educating investors Welcome back folks. We have the s and p right now up 19 points just off the all-time highs We printed this morning of 47 43 you get the nasdaq up 40 dow up 140 right now Let's jump over to our man. Kevin hanks every trading day folks noon eastern time Kevin hanks tom white the team of tdm merit trade network fast market breaking down the day's market action walking you through hypothetical trade setups Kevin hanks quite a day yesterday in the market for that balancing act for the fed chairman. Good morning Good morning cameo brian. Yep drone pal did it again. He was able to pick up the pace of the taper and still uh Calm the markets by saying that there's even though they have a dot plot that shows 9% or 0.9 percent fed funds at the end of 2022 and 1.6 percent fed funds at the end of 23 He made it clear That is not a committee decision or not a committee plan And so even though dot plots he basically Did what he always does was say dot plots mean nothing So uh, I thought drone pal clearly differentiated between tapering and raising interest rates So and I think that's what the market at the end. They really like and for a macroeconomic geek like me Boy, that was a press conference full of nuggets of information that I just loved even talking about The fool in the shower theory by Milton Friedman. It was awesome It is cool, man. I was driving around. I I was here at 2 o'clock had to jump in the car right at 230 and I was like, this is the best car audio I can have man a fed chairman, uh press conference, right? One thing I found interesting to to speak to what you're kind of speaking to is there was a question To some degree about how you'll go forward etc as they're always trying to find out and he said the chairman said something to the tune of You know, we're looking for an estimation of maybe 4 gdp growth next year and that's what We're predicating maybe these rate Hikes on so if you get you don't get that type of economic action Then maybe we can pull back or not do what we're talking about and I you know just to speed It was pretty remarkable first. It comes out Market goes a little bit lower You talk about maybe some hawkish words in the actual statement during the press conference One of my friends kevin was using the term and I heard it used out there on tv I think last now at some point dovish hawkish talk about a balancing act when you can get called dovish and hawkish As you're putting out there that the rate hikes are accelerating I didn't think it was possible man in terms of the risk versus upside to downside moves And chairman powell gets it done 140 points to the upside just like that from where we are yesterday, man With that in mind kevin we got some stocks going on and you know beyond that the market action We got gold moving today. We have what a surprise Excuse me. I'm losing it. We had a surprise rate Uh, I'm losing it soon. Bay in bank of england surprises with a rate hike out there What are you guys going to be talking about on the show coming up today kevin? Yeah, so nathan peterson's on and we're gonna with tom white and I and we're going to look at square We're going to trade look discuss and trade square Then we're going to look at fed x and then in the in the b-block and then Like folio doing a presentation on that and then the last we'll trade dartin restaurants, which has earnings before the open tomorrow morning Nice. Yeah, pretty interesting Fed x the pullback they've had recently taken a look on the daily chart up to 320 down to 216 You're sitting at about 240. We jump over to the analyze tab. You jump over to the earnings They're looking at about a $14 move priced into the options about a $240 stock Uh, I'm going to jump over to gold real quick kevin because of the move that it is having today You know, uh, my dad. He's a big gold bug out there, of course Uh, but gold interesting action in light of what's going on finally actually catches a bid On the move yesterday. You got any opinions on that gold contract out here? It's been struggling lately, man Sure. I I can talk about gold the same way I can talk about silver Look at the move in silver this morning and that is a direct inverse relationship to this move in the u.s dollar I think that weakness in the dollar has got a bid in gold and a bid in silver this morning. Tommy Yeah, it's interesting how they all relate. I think it was it was something like 20 25 central banks this week alone, man Bank of england ecb our fed chair And we still got kevin a 10 year yield sitting right at about 1.45 percent right where we came into things Which is interesting for the 10 year. We've had some movements on that yield curve though, of course Well, kevin, we look forward to the conversation man. You're talking about few great stocks square fedx We'll look for those earnings estimates and we always enjoy how you break down the conversation break down those hypothetical trades, man Uh, you have a great day. We'll be watching at 12 noon eastern time today kevin Thanks for having me on tommy talk soon Always a pleasure man. Take care folks tune in every trading day 12 noon eastern time kevin hanks tom white They do an outstanding program folks. They really do Uh, I love the market commentary and the hypothetical trade setups the best way to learn options folks Um, even if you're not an options trader Just understanding it to understand the premiums of how options work as an equity trader is something that you should understand But maybe it's something you get into with the small portion of your portfolio In options one of the cool parts of options is that you can trade for pretty affordable numbers I mean in some trades you can put in there your risk in 50 dollars 150 bucks 250 bucks to find risk Which is the coolest part of trading options in my opinion with that in mind We jump over to the vex talk about sucking volatility out of this market There's a drop-off in volatility for you yesterday from 23 47. We dropped to 18 72 18 19 was the overnight low all of that volatility premium sucked into that Out of that market as this market just proceeds to trade higher going to be interesting to see how this open goes Not a lot of weakness out there folks and I would agree With kevin in terms of his assessment, you know, they changed the wording they upped the ante in terms of accelerating the taper But everything is up for grabs Basically, it's how chairman powell put it in my opinion in terms of talking about listen This is all predicated on some pretty rosy scenarios of growth coming forward into the next year Yes, they have to get inflation under control But growth is still there in a big way and that's allowing them to increase the taper and Three rate hikes next year followed by maybe a few more the year after that If we don't get that type of growth on gdp I'm not sure so sure that at least the message chairman powell was putting out Is that yes those rate hikes don't need to come if the economy is not accelerating in the way that he anticipates and the board anticipates Calm the markets a bit after that first pullback on The statement we jump back. I mean that was a short-lived pullback though by the end of the 205 bar You were already higher and by the time chairman powell came on though You can see we were still trading at about 16 26 So you're about five or 10 points aware you were when the statement came out It was all about the press conference man. You charged higher from 230 You closed at basically session highs at about 4700 and overnight you trade to a high print on the futures of 47 43 We're trading right now 47 22 bitcoin a little bit of volatility for bitcoin trading with the market as well Interesting that bitcoin now has such a parallel to the market. I mean look at it Really similar action to the stock market that bitcoin is trading with the market 48,805 this morning You're down 545 bucks technically on the session Natural gas talk about some volatility putting this thing on a daily been quite a pullback Finally looks to be chopping around in an area just under four bucks of 387 for natural gas There's your gold contract up 24 bucks 17 88. We put it on the five minute slight pullback from above 17 90 And as we mentioned notes and bonds We're continuing a little bit of higher price right now. We get the yield in the 10 year 1.45 percent All right, folks. Stay tuned. I'll be back in three minutes for the open We got the s and p's coming into that open up 22 points. You got the nasdaq 100 up 40 We got apple shares going to open at 179 25 You're talking about about three dollars and 50 cents away from all-time highs Microsoft on a tear yesterday up almost 10 bucks microsoft going to open higher yet again by about a dollar Stay tuned folks. 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We got markets open. We got the s&p app 20 points nasdaq 100 up about 33 dow up about 164 Let's jump around to some of those fang stocks amazon shares opening up about two tenths percent right now today Microsoft up four tenths. We jumped to the big dog apple apple actually in the red Blasphemy apple in the red down two tenths percent at 179. We jumped to tesla shares up 1.5 percent as mr Elong must continues to sell his shares. We jumped to gold right now up 24 dollars. All right jump it around to what else we have Pulling up the headlines. So just touching on it briefly bank of england surprises with first hike in crisis to curb inflation Follows a hawkish fed move as we've talked about most economists anticipated no change from the bank of england But nonetheless, they have a hike over in england Of course, you have the british pound us dollar moving on that news out there Always interesting when you get a little bit of a surprise and looks like they're a little bit worried about inflation The bank of england hikes rates with price gains at highest in a decade how used in a decade Come on in the u.s. We're breaking records for like 50 years out there But nonetheless, that's where they go over in england Okay jumping around to uh stocks. We got moving here delta forecast profit ahead as travel demand and fairs rise Despite omicron. Yeah, I think I heard for the first time in november. Maybe we had we're above 2019 levels in terms of travel. I think I heard that recently. I'm not sure if they have them here Let's see Business travel volume is about 60 percent of 2019 and the like will likely will stay in that range in the next couple of months Small business travel demand about 75 percent of pre-pandemic levels. Yeah retail travel is up But business travel never going back to where it were We'll jump over to delta in a moment. They are higher on this Fourth quarter revenue will likely commit at 26 percent below 2019 levels when it had 11.44 billion They expect a pre-tax profit of about 200 million for the last three months of the year We'll jump over to delta shares and these airlines have pulled them up yesterday They have been pummeled man, but maybe yesterday was a max paying situation. You're up 2.5 right now We pull up delta on the daily Yeah, be careful of this one, man You're bumping up against any time you have an area folks that was support, which is about about 38 39 dollars had been an area of support for delta You can see that it's already been an area of resistance once for delta going back to about eight days ago As we come into that level potentially facing some resistance as well. We jump over to united I imagine all the airlines are higher. Yeah, united's up about 1.5 right now We jump to american up 1.4 domestically jet blue airlines Up barely up eight tenths percent southwest airlines up about eight tenths percent as well We jump to the cruise ships talk about a max paying situation for cruise ships Barely positive for carnival with the market right now in norwegian actually in the red by about one percent so far this morning Okay jumping around to other stocks. We have going on making moves this morning. We talked about delta We'll jump past Accenture Regeneron Declining in the pre-market after it said its antibody cocktail loses potency against the omicron variant Regeneron did say the cocktail is effective against the delta variant regn constant updates, of course Still sitting right near all-time. I believe that's all-time highs, right? Ah pretty close remarkable how you got a triple top up there right where we're sitting at about 660 for Regeneron shares from the middle last year We make above that level in september right back at that level right now for Regeneron Yeah, linar out with their numbers 391 a share they missed the 415 estimate revenue also fell short of forecast hurt by higher lumber costs as well as increased labor cost and shortages of raw materials Dissulted and delayed home deliveries. I chuckle because that's like the trifecta, right higher input costs for for Goods higher input costs for labor and shortage of materials for supply chain issues Now here's the though the worrisome part about this that's going to be the truth from many companies Linar down 4.2 percent not that bad of a move considering where this equity has been We'll zoom in just on the last couple years you come into 2020 at about 77 bucks You were just trading at 117 all things consider though not bad sitting at 108 Uh They're probably dealing with some real issues in the housing market lumber costs. We've just seen it supply issues. My dad's talked about Getting things from china. He was just talking about on this program last night What a container costs when you're just renting it. I think he was paying 1750 as in $1750 pre-pandemic levels Then it was up to like $12,000 or something like that the email he got Yesterday or this week is up to like $19,000 for a container Uh That's just uh quite a price increase folks from under 2000 to almost $20,000 for a container and that's if you can get it here Let alone the delays you have linar down 4.1 percent. You're going to see a lot of companies though talk about Being an executive you almost have a get out of jail free card If you can spin it off on the public that if bad things are happening, of course, you're going to be Blaming it on basically rising costs of goods Uh, you're going to be blaming it on supply chain issues rising wages Etc to herd earnings, uh, that's going to be the theme It's your job as an investor and a trader to sort through when that's actual the reality and when some companies are faltering beyond The issues that other companies are having linar not that bad of a move Uh, Novartis new share buyback program They would be trading higher on that news visa announcing that it added 12 billion dollars in its buyback program Be careful folks when anyone of these companies just start trading higher by doing buybacks You got to be careful, but visa trading higher on that news as well. We'll jump over to visa shares Let's put it back to a short term time frame Was up much higher giving it back up about seven tenths percent right now for visa shares Yeah, AT&T upgraded Ed Morgan Stanley to overway from equal rate the recent slide in the stock creates an attractive risk reward profile The firm said there are several other key factors driving the upgrade Pending completion of the warner media discovery merger AT&T is positive on that but boy these these stocks man AT&T Well, there's a nice pop for you up 4.1 percent and maybe this is the low because man It's been searching for a low for the better part of seven months. You were trading at 34 bucks back there And I believe that's when they spun off HBO Um, let's put it back on a daily Uh, you actually traded higher and then jammed lower in that capacity And you've just continued lower the whole time now. Here's what to consider though as a company like AT&T You start talking about the dividend, okay, you jump over the fundamentals tab You slide down and we're talking about, uh A dividend yield of 7.7 percent right now 7.7 for the dividend yield for this company, let alone a price appreciation on top of it Not bad when you have the 10-year yield sitting at 1.4 percent. Yes, you were subject To a possible decline in the share price, but man, you've been pummeled. I mean, what are we talking about? We're talking about a company now valued at 165 billion dollars for AT&T Verizon I'm biased my mom worked for Verizon. She has some Verizon shares still out of retirement But Verizon you're dealing with some yields as well. We'll pull up there Excuse me their chart in a moment But Verizon's talking about a dividend yield of 4.67 percent right now And you take a look at Verizon been quite a pullback as well Nothing to the degree long term that you're dealing with for the AT&T But Verizon on a five-year weekly, let's back it up even further for the monthly now Verizon It'll be interesting to see if this holds in terms of the uptrend We're back to Verizon in terms of where we were trading at basically in 2013 But when you're getting 4.6 percent on the dividend not bad in the rate environment that we're in Dividend stocks, especially maybe appealing, uh, if you're looking for fixed income I was reading recently, you know the the basic theory of a 60 40 split in your portfolio 60 percent equities 40% bonds Might not be the case going forward that that's the best case scenario a lot of uh investors saying maybe you add some dividend stocks in there through uh, because boy when you're investing 40 percent of your portfolio and fixed income at a level of the 10 year at 1.4 percent That might not be a recipe of uh maxing gains out Stay tuned folks. We got the s and p's up by 10. Nasdaq actually in the red now. We'll be right back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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We got the smps giving back some of those gains now positive by just six points Interesting that we drop off on the open right now. You get the nasdaq giving it back as well nasdaq 100 negative 60 points Trading at 16,225. There's a little bit of drop off for you now below the close We had yesterday in the red you get the dow up 107 the rustle up three Maybe the market actually adapting to the fact that the fed chairman Told the market that we were hiking rates faster than they thought Yesterday, uh, which was a hawkish statement thought that would hit maybe some of the tech stocks Maybe hitting a little bit today, uh in the negative down four tenths. Let's jump around some of those fang stocks apple Though still in the up nope still in the red, uh, excuse me now in the red was up to 181 Man apple these tech stocks the volatility that they've had recently I mean look at the open up to 181 and just like that We give back more than two dollars on apple shares you jump to microsoft shares Pretty similar action back into the red by two tenths amazon shares similar as well negative by about five tenths We jump over to fed x they have their earnings coming out tonight ahead of that you have fed x up about a tenth percent Now chatting with our man kevin hanks Ahead of fast market coming up at noon, uh, they're going to be talking about square Yeah, square it out with earnings, uh After the bell they will just be discussing though fed x though the one they are out with their numbers after the bell tonight You got about a 16 dollar move priced into their earnings after the bell All right, as I mentioned it this story out, uh, yesterday But it was talking about bitcoin traders have to be fed watchers just like everyone else now interestingly you have bitcoin I brought it up when we're looking at the charts bitcoin talk about volatility with the market You see the volatility it spikes lower on that fed statement that comes out You accelerate higher in a big way really pushed by the fed chairman's conference you traded up 1500 bucks So from when the chairman started talking at about 230 to where the market finished it for and again interesting They look at the low volatility that bitcoin has overnight Okay, and things of course pick back up when that's futures open But bitcoin does trade overnight, uh in many different markets. It's a worldwide instrument, of course Uh, but interesting you have bitcoin now trading with the market Didn't think that would be the case for the longest time. Uh, that would indicate it's becoming a real market asset class In its own right All right folks speaking of asset classes. How about tiger dollars? That's a good segue for you our tfnn holiday tiger dollar sale folks You got one week left. It's amazing Uh, that we wrap things up december 23rd, which is thursday the market closed for the full day on christmas eve this year because christmas falls on a saturday We're running the tfnn holiday tiger dollar sale through next thursday That's one week from today folks. We've doubled the bonuses So now you can get a 20 30 or a 40 bonus to spending on depending on what you spend We've had some great tiger dollar purchases coming in already folks fear current subscriber out there We had a subscriber out there this morning. Uh, he was a subscriber to basal chapman's opening call Okay, so what he has is he has the opening call at 149 a month what he decides to do He signs up he pays 500 he gets 600 tiger dollars He then changes his subscription from a month to a six month. He locks that in He'll end up paying an additional whatever you can always those 600 tiger dollars get used first anything extra can go to your credit card Folks, but you apply them once to your account. They're automatically used He decided to change from a monthly to a six month used his tiger dollars for that six month He's going to be all set for the opening call for the next six months If you're a new subscriber folks a current subscriber the new system We've been on Shopify now. That's a good segue to Shopify Shopify got an upgrade out there as well They're positive this morning. Uh, the tfnn website does run through Shopify. We use that platform We've used them for about three years, which is remarkable because man I was looking at the Shopify chart just yesterday Shopify up 2.3. They get an upgrade this morning, but I was just looking at it yesterday Shopify when tfnn came on that platform trained at about 117 dollars folks talk about an acceleration for this company We weren't the only ones signing up through Shopify. Now their business really accelerated during the pandemic small businesses like tfnn ourselves Take an advantage of the ability to build their own Storefront within the Shopify platform now for what we do subscriptions tiger tv special access to tigers den etc There is some level of programming that needs to be done Because of the cancellation process and everything involved with the subscription based platform like we have But if you're selling very simple items on Shopify, you don't need any programming at all folks It is an outstanding platform in a big way. They're up about 2.2 percent Uh, but getting back to tiger doll is the great thing about joining them Is that tiger dolls automatically used now folks you apply them once they're automatically used So encourage you to check it out. It's going to be the end of this sale before you know it Don't wait till next week as you're shopping for those last holiday presents Get in there get your tiger dolls while that sale is doubled For the next week. That's all all right jumping around to other news. How about music? How about bruce springsteen? How about half a billion dollars not bad man these music catalogs watch out So the rights of his music to sony music entertainment could be the biggest deal ever struck for a single artist's work Uh, the price tag may exceed 500 million said billboard citing people familiar with the term Um, now he has been I think with sony. I saw in here something like that for a while Yeah, but you have bob dillon selling his that number was not Released I believe the dillon one how much he got paid Uh, springsteen's been with columbia records a unit of sony For his entire career. So now sony buys that catalog off him public invest Announcement yet to be made but nonetheless 500 million bucks not bad for bruce springsteen cashing in there in a big way Okay, what else we have jumping around mcdonald's They claw back speaking of hundreds of millions 105 million bucks to settle the lawsuit Their ceo was ousted over relationships with subordinates Uh former ceo to return the cash equity awards and issued an apology 105 million bucks They went after that money and uh, they probably deserved it. Um, because he wasn't doing the things He was supposed to do mcdonald's had a very very clear policy when it came to bosses Um with subordinates and that's the thing folks you can complain about the stuff But I have no sympathy for somebody rounding a company like that when they have exact Details put into place that they know they're breaking Um and breaking that detail man, it cost this guy and he had done quite a job with mcdonald's too Which is a bummer on top of it now mcdonald's has done just fine since he's been gone. I'm not sure when's he went To 2019 he was gone. So sometime back in 2019. Maybe that was the drop off there probably when they found that out McDonald's was a 208 since then stocks up almost 30 percent in about two years Uh during the pandemic you're pushing all time highs on mcdonald's now We have some mcdonald's in my newsletter folks rocket equities and options I am going to have an update out for subscribers later this afternoon if you'd like to sign up You can check it out on the front page go over get some tiger dollars first folks get your tiger dollars applying to your account It's very simple to do you apply into your account once they get used for all future transactions Check out my newsletter rocket equities. Maybe you check out the gold report my dad's newsletter Um that's been rocking now when you sign up with tiger dollars folks You still get a 30 day money back guarantee. Okay, you're not happy We'll refund those tiger dollars right back to your account You can use them for another forward transaction going forward mcdonald's up six tenth percent. They're getting back 105 million dollars Um That they claw back from that lawsuit that let mcdonald's uh, yeah go after some of that pay Um for what he had been doing against what they were supposed to be doing Not the example you want to be setting in that position in that role. All right folks stay tuned We got three minutes left uh of the program. I'm going to come in back We'll be talking a little bit of markets talking about what else we have moving today Tech stocks in the red only index in the red right now bitcoin in the red as well. Stay tuned folks. I'll be right back Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern or free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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That's 877-518-9190 This segment is brought to you by thinkorswim For more information just click the thinkorswim banner on the front page of tfnn.com Welcome back folks. We get the s&p's right now negative by 10 points putting it on a one minute chart to see a little bit of Volatility you did trade higher from about 943 Not small moves here. You're talking about a 12 point pop in the s&p to the upside We give up 10 points just like that right now. You're positive by 12 points in the s&p's Nasdaq though giving it up back to a five minute just to see the context of yesterday's move Nasdaq we're talking about 220 points. We are off of the highs folks These moves pretty dramatic right now in both directions We get the vicks spiking back up to 19 from being at 18 19 early in this market As our man basil Chapman would say folks he's coming up next with the tiger technicians hour the day is young It sure is we're 25 minutes into the start of trading right now And you have the s&p. I mean folks we were up you're talking about 30 points now From where we were just trading at seven in the morning I was up early this morning about five in the morning getting some action done And man nothing nothing just to To let pass you by as in that is quite a move folks 30 points Uh, we touch all time highs and then we give it up just like that the dow holding on well though Dow up about a half a percent right at about 36 000 right now We jump over to that gold contract gold continuing to make new highs right now You get the gold contract up almost 30 bucks I say new highs as in session highs gold up 30 bucks up 1.6 percent. We take a look at the daily on gold And boy, I mean you rather you got some areas you got to break above Maybe 18 35 is the next area that you could see some resistance That's an area that we reached in september also in july late july and early july before trading lower But that's quite a move on gold and you're talking about from yesterday's low of 17 53 gold now adding 40 dollars 40 dollars to the price of that gold contract up 30 bucks this morning and watch out folks these markets They're not stopping s&p's now just up single digits the nasdaq 100 you're talking about 16 205 You've given up 250 points in the highs and folks That's a lot of red bars to start the trading day always exciting when you got a two-way market folks And man do we have a two-way market when you trade up you're talking about 140 points to the upside yesterday And just like that in the last two hours we're down about 35 points in the s&p's Thanks so much for starting your trading day with me folks. Stay tuned We've got basil up next larry live at 11 bass market at 12 Steve Rhodes Dave white tom o'brien this afternoon. Don't forget about tiger dollars folks Get over to the front page of tfnn get it done. We'll be right back folks. Have a great thursday