 What's going on folks? This is Jacob filling in for Tom. All right, let's let's look what's going on We kind of have a like a sideways market rockin here DIA only up a little bit NDX up not even a percent spy up half a percent It's moving sideways the dollar is staying pretty stable, but still that 102 area gold is popping That's definitely the big player of the recent times. Let's look at I want to take a look at steel dynamics Because last time I was on We were looking at this retest the last day with volume and so it did reject it But not with a lot of volume itself So that's yet to be seen what kind of pans out with this you take a look into new core and See how that's shaken out as well Again a little bit of upward movement with light volume. I still think looking into the steels In the just the metal sector in general is it could be profitable All right, let's take a look. So there is a relatively new Treasury bond ETF t-bill now. This has a weird structure Which helps fund managers kind of offload some Taxes that they have but what's important what's interesting about this is we were speaking last time About the flight out of banks into money market funds and kind of flowing into Treasury bills as well so what's interesting about this ETF itself is in the Something in the in a single day. That's right on Tuesday registered inflows of 582 million dollars and that's according to Bloomberg That pushed the funds asset under management of one point one five billion. So that's I mean almost double It's interesting to see this kind of flight in here Banks still are obviously having some issues your regional ones are still having a lot of problems Poor FRC and I you know again, I was saying there's some people who took the buy right around here I was thinking that was gonna bump up and it just kept going down and I'm not sure how much gas it has left to Go down. I mean you have a lot of volume going on this But you know any kind of you know bump in the foreseeable future to a point that matters unless you bought at the bottom Probably isn't gonna happen. Um, there's some other weird stuff going on in the banks today Let's see the French Actually raided five of their banks in a Paris tax fraud case so The raids come as part of five preliminary investigations opened in December of 2021 on allegations of money laundering and tax fraud linked to dividend payments the French national financial prosecutors office said in the statement So we're not sure what the kind of outcome of this raid is yet, but they're five large banks Really are getting looked at so that's HSBC PNB. Paribas Exane Societal General and then in the Texas Bank We'll go a little bit more into So when I was You know this popped up and I was I was curious, you know, how much of this is really going on especially with such a Money's monetary supply is contracting now obviously we had such a large explosion. And so how much? Especially fraud is going around and I found this study that was released recently by the National Institute of Economic Research excuse me National Bureau of Economic Research and that goes a little bit into a tax dodging It's pretty insightful Let's see here as far as other smaller news Toyota executive expects average new car prices to exceed 50,000 in 2023 so again with these labor supply chains, we're gonna keep seeing this happen and I Mean like what can you say right? I just helped one of my friends get them get their self a car that by a used car the prices are just insane and Cash flow is a serious problem for a lot of Americans So you end up having to do like long-term loans, you know six years seven years on used vehicles, right these newer vehicles going to 50,000 is gonna be a massive issue and we're probably gonna see Maybe a little bit more inflation with with used vehicles because of that It says in this article in February average new car prices reached a new peak jumping by 4.8 percent From years ago to 46,229. That's according to JD power Toyota's North American division Head of sales Jack Hollis said that he believes the average transaction price will crest the 50,000 mark in 2023 And I know guys it's not it's not phenomenal Especially at a time where we might see some more major layoffs and kind of contraction in wage growth What else do we have let's see Ford is Again the same within this line Ford is hiking the prices of its f-150 lightning. We were kind of speaking a little bit On some of their issues rolling out electric vehicles last time I was on Excuse me But so yeah, they had a battery fire in February and that kind of halted some production. I think they're back up again This is nuts So Ford said that the standard range lightning pro okay a lower-cost version of the truck optimized for fleet use Let's see if I can pull up Let's get this guy up All right, so they said that the standard range lightning pro lower-cost version of the truck optimized for fleet use We'll now start at just under 60,000 and that's not including shipping. I spoke about this guy Oh, man a few months ago saying it was really cool. They were getting in to this market But that's that price is roughly 50% higher than the lightning pros original start price at launch last spring How you miss that is? Pretty insane to me. I would love to get kind of a little bit more insight I don't know if they were just kind of you know, you have so much nowadays where you kind of just you It's the hype around the product right you announced it So we're gonna do it here and the consumer gets so hooked on it the idea of Having something like this and this happens in video games it happens with you know happen with Tesla And these prices just keep hiking up So the starting price for the lightning in the top of the line platinum edition, okay? Is now almost a hundred grand for a pickup truck. I Don't know who's buying that. I Don't know what I mean. This is gonna have some kind of serious impact on their bottom line in the future I mean there's no way Who knows maybe people will buy this you're not the way to see I suppose but in my opinion This is gonna this is pretty prohibitive for a lot of people When we get back we'll look a little bit Into what China is doing they have they have a lot of interesting things going on regarding their bricks arrangements And kind of their Belt and Road initiative and how they are positioning themselves in the world regarding energy and all that So folks stay tuned and we will be right back