 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training 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 Training Hour. Now, Tommy and Tommy O'Brien. Welcome, folks. Appreciate you. You're all in a problem with us out here. We have the Davin Dushers up 13, Nasdaq down 5, S&Ps down 3, Gold up $6, trading at $14.94 an ounce. You get Silver up 9 cents, $17.63. Light Sweet Crew down $1.66, $53.03 a barrel. King Dollar, King Dollar up 169, Ticks trading at $98.468. Now, King Dollar got in the lower range last week. It's right above it, sticking a nose above it right now. We'll see how this baby shakes out. The year is at 110, the yen is at 108, and the pound is at 126. And the pound is the one that got the push higher, which get that dollar into lower price. So we get a bank holiday, a federal holiday, but the markets aren't closed. Yeah, bonds, no trading today as well. Closed for Columbus Day, but markets a little bit of action. No doubt. Now, if we go back to Friday, folks, we take a look at Friday, what you're going to see, get a big day out here Friday. That being said, you're going to see also that as you come into the close, last 10 minutes was kind of intriguing actually. Sure was. 10, 15, 20 minutes, it was a big one. Look at that thing, man. Yeah. So what happened is that, yeah, 20 minutes to four, you're at $29.92, and by four you're at $29.63. Man, that is a big one. I know you were out. Larry was covering your program on Friday. I did the three o'clock update. Right. Taking care of a few other things. Come in, do the four o'clock update. So what happened, man? What happened? I wasn't listening to Larry. It was a good program even on Friday. Just tying up the week, right? And man, I said, Look at that. You went right back to nine o'clock. Yeah. It was a more interesting four o'clock update than I thought it was going to be when I sat down in the chair because boy, oh boy. And then like I was just pointing out on my 10 o'clock updates, you really take that high $29.92. Yeah. What is that? $4.30 or $5.30 in the morning. We're at $29.53. You're talking about 40 S&P points from the last 15 minutes of trading on Friday. And what happened, I believe, was that that is when President Trump and Vice Premier started talking and the lack of details started to come out and so forth. I mean, they sure can. There's a deal on that. And of course, kind of a further follow-through for that, you could say this morning with China saying that they want more talks before signing a trade deal and that's before signing the phase one, which was the big hoopla on Friday. So the market pulling back, but we're about even. All right. If we take a look at the spy, what you're going to see out here, folks, is the spy. You can do this with the S&P. I mean, the futures too. You're going into the downdraft. That was created out here in August 1st. Okay. As well as October 1st. And it's tremendously lighter volume. Well, that's another sexy. So we come into it with 101 million shares versus 89 lows, 124 versus 142. So 142 would be the number on the daily versus what I say, 101. No, we got 101. Now, if we put this on a weekly, we're going to, so we came off that high with 447. You went to it with 386. Yeah. Yeah. Just pulling up bank earnings right this week. Tuesday, JP Morgan, Goldman Sachs City, Wells Fargo, Wednesday's Bank of America, and Thursday's Morgan Stanley. Yeah. So that'll be a big, big action. So let's go over. Let's go JP Morgan first. Let's go take a look at it. You know, JP Morgan right now trading 116, 27, and they're looking tomorrow morning, 7 a.m. Look at that. 28.5 billion in 90 days they're looking for. Not bad. No. They're going to take, look at the bottom line. Yeah. And if we take a look at this, well, see what happens here, man. I mean, this also didn't hold price, but the volume wasn't bad and it was pretty good. Actually, we're going into 11 million, but you're going into 2015. Let me pull this back a little bit further and see what else is there. Oh, look at this. I see this. So this is going to be challenging. This is pretty cool actually. So we've been at these highs now for March of 2018. Yes. Look at that. Yeah. Can I even pull it back more? Because that's when, there's a lot of things for almost two years almost, right? I know. I know. Take it back even a 10-year weekly. Because the run up prior to that's pretty intense. This is almost like a market. We can pull up the SPY afterwards, but this is going to be the same, yeah, February 23rd. Yes. And let's just see because where the, now it's not going to be, yes, this. Yeah. Yeah. Because I mean, if you look at the market, there was almost a two-year point. Right. When you go back. Right. We put it on the same like 10-year weekly. And you can see that that's the February, March, right? Right. You know? And yeah, there's been some severe volatility that run up from 2010, probably even from 2008, but two years almost March at least. If you put that on monthly for a second. Yeah. Put it on 10-year monthly or something. You want to go back a little longer, 15-year monthly? Sure. Because we'll see 2008 when we get down if we bring it back. Yeah. And you can see, you know, you're at highs. There's no doubt about that. Now, with that high, the first high out here, January 286, so that's 10 points lower. You'd have to get back inside that to get in the lower range. Sure. Yeah. I mean, we, what was, the low was 284. So. So we did get back inside that. Yeah. And that's this current month. And that's only October 14th. Right. Let's take a look at some of the higher volume equities. And you can expect a low-volume market out here today, folks. More than like we're going to go sideways, but I suspect low markets, you know. Yeah. A lot of schools close, right? Right. So maybe there's some parents out. You get a long weekend. The banks are closed. Yeah. That's enough to bring down trading. Yeah. And there might be some school vacations this week. I think this is one of the ones where, when I was a child, not that you'd feel gypped, but everybody already had a Monday holiday and you got that week off. Really? Do you remember that? I think we'd go away. Yeah, that was the one. Well, in the Northeast, everyone has off. Right. Down in Florida, they don't. But today, in Peleis County, they made it a teacher's holiday or something. Okay. I know schools are closed out in Lakeland as well, so maybe it's more. Oh. So they're making a teacher's holiday. Yeah, they changed. It's interesting. I don't know if it was teacher's holiday out there, but I think they would just close regardless of the holiday or whatnot. So if we take a look at the high volume equities, there's not a lot of them out there. Parsley Energy. I think they're buying someone. What's going on there? So Parsley Energy. This is a shale producer, I believe. Oil and gas, natural gas, company focus, acquisition, development, exploitation of unconventional oil and gas reserves in the state of Texas. Yeah. So they're buying. Spending 1.6 billion, huh? Yeah. Look at that, man. And they're a rival shale producer. Okay. You know it's amazing. I mean, hey, let's look at that oil market because it seems that, you know, see how that, I mean, oil at this price, you know, in 53, you'd think these people can still make pretty good money, but it's not setting up that way, man. I would agree. Yeah. I would agree for sure. So it's like, they can't make money here. The way this chart is setting up, I mean, you know, the low end of this is that 50-doll area, man. And this is anemic bounce, particularly because we know that the Middle East has huge amounts of problems. Yeah. There is probably some political risk factored into there, which means that it's even lower in a true demand because they're just not that worried if there was kind of a supply of disruption that it would send the prices up and higher because if it was really priced in, you'd see a little bit higher prices. Totally. You would? You certainly wouldn't see lower prices. You wouldn't see lower prices than before the attack on the Saudi oil fields, which is where we're at. And if we look at the dollar, the number to keep your eye on the dollar, folks, is 98371. But, you know, we got down there. We got down there quick on Friday. Thursday and Friday, you know. Say it, yeah, folks. Tommy and I are coming right back. Our phone number is 877-927-6648. Bye-bye. All right, folks. Thanks for watching. I hope you enjoyed the video. I'll see you next time. 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You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. Now right now at 18, down five, S&P's off about three and a half. Gold's up about 570. And if we go over to the pound, the action is happening in Britain. My head was there, too. We didn't even talk about it. I was maybe going to jump to those currencies or the pound, but the pound driving a lot of action, man. Look at those two days, right, daily? Yeah. And this is the second sign of strength that's got, you know, since August, folks, okay? So this thing wants to go. You know, it came off the lows in August, had a nice sign of strength, wide price spread. We don't have the volumes on these. Certainly last Thursday and Friday, you can see that thing take off. And that's saying, hey, 131 is game now. Yeah. I mean, I heard a comment from an analyst this morning saying it's behaving like an emerging market concierge. And it's just so volatile because it is, because there's a lot up in the air, more so than usually for a country the size of Great Britain. There's no doubt. And if we take this, that's just... Yeah. So even on a weekly, you know, if you get back inside, oh, look at it's there. Wow, we're sitting right on it. 126.62. They're really saying, hey, you're back in a higher range, which could get you up to 133. Yeah. I'd be a little worried, only because that's a downtrend for sure. I mean, you look at that bounce, right? But a lot of it's going to be determined by just the political outcome of what... I heard the probabilities from Goldman Sachs that they were putting on it. And I forget what they were. They were all very high in terms of, like, every possibility is still out there. Like, you know, no Brexit possible is like 25%. A hard Brexit is like 30%. A deal Brexit is like 40%. You know, it's... Line the 31st of this month. Everything's on the table, or an extension, maybe, or something, right? So you get... The Queen Elizabeth is going to be outlining a speech today, right? Maybe delivered, it says in the past. So delivered a speech outlining the U.K. Government's program in Parliament on Monday. So maybe she already dropped it as Boris Johnson laid the ground for the general election, which he aims to win public support for his Brexit strategy. I got some high stakes poker going on over there. I do, man. So he wants that election, but they... I believe the other governing minority party, I'm not going to show it, has to agree to it. Someone else... Another party has to agree to it. And they don't want to agree to it just yet, because what does happen is that they're not strong enough just yet, you know, bottom line, that they think they can take Johnson out. Yeah. Yeah. So let's see. In Brussels, European Union chief negotiators to the Prime Minister's proposal to break the deadlock over the U.K.'s divorce lacked details and risk leaving the single market vulnerable to fraud. Johnson's northern Irish allies in Parliament distanced themselves from his plans as time runs short. Doesn't seem like that's good news for the pound to be rallying, but there's a lot out there. I know. Yeah. So Johnson's set out his ambitions for governing the U.K. with an outline plan for what he will do if he wins the general elections that's expected to be triggered within weeks. So interesting, man. The Prime Minister promised to focus on domestic issues so he can get Brexit done. Jeremy Corbyn, the leader of the opposition Labour Party, has already dismissed Johnson the use of the speech in which the monarch outlines the government's program as a cynical stunt. A cynical stunt. Yeah. Well. Same old, same old, man. They're out there on the podiums. Extend and pretend. Pretend and extend, right? Don't say it, but the market. Maybe, I don't know. Quite a rally, though, right? Yeah. What I just can't figure out is that the pound wants to go higher. Is it going higher because they're going to get a Brexit or no Brexit? Yeah. You know what I mean? I agree. That's what it comes down to. I'm not sure, right? Let's go over to the silver market. So when you had last Friday, folks, when I wasn't here, gold came down hard. Now, what's so intriguing about that is that gold was coming down hard and the dollar was coming down. Now, silver, which is highly, much more volatile than gold, held price. Now, to me, that's bullish. You know, because I was really surprised that silver, you know, probably went from a price point of $17.75 to $17.38. And about bottom line, it held nice. And if we go over to the gold contract, what you're going to see in today, it had a heck of a day, man. I mean, look at this. Yeah, it sure did. I believe $14.78 about the low from the... Yeah. And what is the high there? We're looking at $1508. $1508. And yeah, $14.78. They laid it out at $10.20 in the morning. So $30 from high to low, and then we were above $1500. Briefly, you climb it back $20 plus up till this morning. And, you know, when you pull it up, you had some volume here. Now, it was going against lighter volume, but that's some big numbers, man. Yes. That's 486,000 contracts. Now you're going against, like, $600. $588. $6, what? $6.52 is at a low of $14.84, and we made it to $14.78. So there's your rejection. So this is really... It's bottom line. It's pretty intriguing because watch... And this is where... If you're in this market, you have to keep your eye on this dollar, folks, because this is where, on Friday, it wasn't making much sense. Now, I wasn't on the computer a lot, but I was on at a certain point. And you can see... It's $10.20. Yeah, look at this. So... $10.20's up here. No, you're at 5 a.m. Oh, 5 a.m. There's $9.30. Yep, there's $11.30 right in the middle. Yeah, so... $10.40 is the high, almost. Yeah. So you had the dollar going down all night. It popped at $10.40. It went higher. And evidently traders thought it was going to keep going higher because that was the low of gold also. That's when the dollar hit $93, $394. But then it closed out lower. And that's this is where the battle's going to be, you know? And each time what has happened is that, you know, bottom line to get to highs doesn't have enough strength to keep going. You get to... As soon as you pull back at all, it seems there's not enough sellers. You know, so in essence, you know, we still have as an uptrend, you know? It's like, okay, man, it's... You know, I say there's no sellers, but the reality is that it's still going to higher highs, you know? You can make the case. Now, what gets cool here is that you can make the case that you broke the uptrend that was out there, which would be the bottom of the consolidation, which is $95, you know, $843. No, you can see it before you even draw the line, right? Lots of lows kind of lining up pretty perfectly. Whether it's one, almost two, you could count there. That's close to, but three, four, five, six, seven, eight, nine, ten. And then you get a break with conviction. Decisive, yeah. You know, you get that long break. So a lot of moving pieces. And of course, when we get the bank earnings, they're going to kick it off. And that's going to kick off everything. It's going to be Morgan within 24 hours, man. Yeah. And then the question is going to be, what can these, oh, let's go to Apple. I heard Apple made an all-time high on Friday too, I think. Right? They get an upgrade, I believe, as well. Now it's an all-time high today, right? Yeah. Another day, another Apple record. What is it? 1.07 trillion, right? You know what's amazing? I remember when the, uh, those pods came out, right? Okay. Ear pods or AirPods? Yeah. That, and I believe when, when Dave was on with me, this is a couple years ago. Okay. And he was explaining that there's no way that once the, once the battery dies, that's it. That's all, that's all there is. Yeah. And now they're, they're dealing with it. Oh, I bet. There's a couple stories, folks. So what happens, unfortunately, I guess they'll still work, but you plug them in, but they only work for 10 or 15 minutes. That's how any phone would be if, you know, when your battery gets destroyed, it'll turn on, it'll just show it's probably high, and then it just depletes. And so now the question is, they got to buy a new pair. So what, how much do they cost? You know, I'm not sure, because I have one, I have mine from a while ago. Okay. And in fairness to Apple, I think they were 99 bucks. Maybe they were 150, right? Okay. You get confused somewhere because I bought them early. Uh, but they still hold a, a charge pretty well. That's good. And I'm going on probably, because time flies, three years maybe. Really? Pretty early on from when they launched them. Okay. Because I enjoyed the fact that, uh, you know, wireless, some of the Bluetooth wireless headsets are just big. They weigh on your head, you know. Now you still use them? The AirPods? Yes. I use them all the time. So once you get used to them. Okay, cool. Oh yeah. So people buy them again. That's, that's, you know. I think so. You know, it is kind of a. It's only 50 bucks a year. It's, you know. Yeah. It's kind of, you kind of feel like a little jipped if, you know, they just run out of battery and you have to throw away a perfectly good pair of headphones. But I haven't gotten there yet. Stay right there. Tom and I come right back. The 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. Included in market insights are specific buy and sell recommendations for stocks, ETFs and even options, which stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter risk free for 30 days, then head over to the front page of TFNN and you'll find market insights under trading newsletters. 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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. Welcome back folks. I'm Doug. Doug is flat and Azix down 12. S&Ps are off 5. And yeah, you know, if you go over to WeWork and we take a look here, this is something else, man. SoftBank is saying we've had enough. If you've got our billions, we want control, right? I'm telling you, and the real question is going to be they even over the head, you know? Yeah, I'd say they probably are, and that's what they figure their best shot is at least to gain control of the company for their investment, right? So it looks like they need a bail out in terms of WeWork and that hands control to SoftBank potentially. So its backers are considering also a $5 billion debt financing. I believe I heard JP Morgan in there, right? So let's see. The Japanese investment powerhouse controlled by Masayashi-san, that is to be SoftBank, is convinced it can turn around the cash-strapped American company WeWork with the right financial controls in place asking, so WeWork's board and backers however are also weighing another option. So kind of two options, either they go to SoftBank for the funding, hand control to SoftBank, or they go with some funding from a lead of JP Morgan and not small potatoes, $5 billion. That's right, the lead of JP Morgan they'll also be bailing themselves out because they're in it hand over fist. So they'll push the package out but the bottom line is that they're in it for... A little doubling down, right? They're in it for WeWork, they're in it for Newman. They've sent big money into Newman. Yes. So this is... That was the embattled CEO that's now quit. And it's so intense here folks, okay? They're talking like the next two months that they're going to be running a shot of cash. Yeah, because they had an IPO plan which was going to bring cash into the company to some degree but then they also had a $6 billion loan contingent on that IPO. So talk about missing some cash. So it was $9 billion. $3 billion they were going to get from the IPO. $6 billion, that's $9. Disappears overnight and that all was by the end of the year because that part of that loan was contingent on them going IPO before the end of the calendar year. It's October 14th, they got a lot of work. So it was Wall Street Journal first reporting that SoftBank may be discussing a deal to gain control. SoftBank is already their biggest shareholder but the proposed deal would show up its control of the startup. Let's see. The Japanese company is in advanced talks will hire more shares at a significantly lower valuation than the $47 billion that they just signed up for in January. Now you know it's going to be amazing. We don't know yet. I'm sure some folks know but I don't know what the prices are going to move. So Adam Newman had sold 700 million in shares. That was a right sell-off. He has an additional millions that are on collateral or J.P. Morgan for the amount of money they gave him. Now we don't know what is the collateral, right? Sure. What's the valuation of that collateral? Because this is going to be a classic when if in fact a son basically gets to buy more shares the question is going to be what does they buy me? Because then it's going to be a mark-to-market which is pretty intense. Yes, yes. And you know, you might see that whole that's pretty intense man. Wow. And you know, we'll and now what's also happening here I know that you know there's been a couple of articles analysts what analysts are doing folks is that they're ripping apart cities trying to find out what cities they're the biggest in. Okay. How much they overpaid for those leases. Okay. Because that'll that'll affect commercial property in those cities. You know? Yeah. If if if trouble comes down. Sure. You know what I mean? I'm just looking at the charts and pretty cool. So this doesn't even bring we work in here. And maybe that's just because it's not public yet probably right? Because Slack is now trading. Okay. So it's talking about the vision fund their portfolio. You got Uber in white here. You got Slack in blue and garden tech garden health in purple. All of those starting from basis of a hundred looks like in the beginning of July. Yeah. And man oh man you got 64, 68 and 72. And that's not counting we work and not counting probably anything else going on. And that's on his vision fund portfolio. Yeah. So you know as he's trying to raise more money that's going to be tough too. Yeah. Man when it hits it hits. That is for sure. You know. Yeah. It says soft banks shares are down about 30% from their peak this year as investors unnerved by the we works. The Uber's disappointing debut gross skittish about their valuation. Yeah. I would say so man. And you know when you're looking at a long term I mean you know long term the sun is he's saying 10 years. I mean that would be pretty hard sell to say something. Hey man you want to invest you know you'll be profitable in 10 years time. My first thing when I read that is that nobody ever tries to tell you that it's going to take us 10 years to losing money. So if that's what he's saying then what's the real number because usually the horizon is like one to two to three years. I mean I don't even remember. I wasn't even thinking of losing money. I was thinking of just being flat but that's what he's saying. I mean they say substantially profitable but you know I think the big question in the market is when are you going to stop needing cash. Oh for sure. So why is he putting 10 years out there and if you're putting 10 years out there you usually try and put a little bit of a rosier situation then you might be able to live up to. And you know if you go across the country you know bottom line these big major cities folks you know have done very well real estate has done very well and it doesn't mean that you're going to pull back dramatically but we are at very high prices. Yes. You know there's no doubt. And just interesting that I wonder what else is going on out here that people can't even talk about. So we works retain major Wall Street financial institution to arrange financing. Approximately 60 financing sources have signed confidentiality agreements and are meeting with the company's management. So guess what they're going over those terms and they said hey before we pitch to these companies that we need money and they ask us how bad it is make sure they can't tell anybody when we reveal that's right how dicey it might actually be within the balance sheet of this company. I know. Yeah. So let's go look at soft bank in Tokyo. Okay. 9984 it is. And what happens in Asia folks is that they're all numbers. That's instead of symbols their numbers. And there you go man. Yeah. The fun to the downside began at the end of July it looks like and that's what you know interesting that chart that we looked at last that showed from July first or was it yes July first. So it would make sense right as an uber sinks. Yeah. This is going to sink as slack sinks this is going to sink whatever the garden garden health I'm not familiar but those were all showing the decline from July first and man that high is towards the end of July. And we put this on them. Yeah. And here's the danger for you know the soft bank so 4660 yen. This is it's right in the end. Okay. That's the highs of 2013 and you can see you know you get outside that range. You know he stayed outside that range for a long period of time. I mean August or December got your back in. You know but realistically you know I'm going to say okay. February of 2017. Yeah. Outside December you came back in. So. Yeah. This is this is trouble I suspect December's game but you know what. That's game down there at 2000 yen too which would really hit. That'd be that'd be that'd be down 60 percent. Yeah. And I just wanted to see where are some of these lows. So twenty eight you're three eighteen. Three eighteen. Yeah. And then you really you know push it more recently. What is the well here. That's a twenty bag. Eleven hundred all the way in the end of 2012. Right. And Uber was around I believe seven years ago right. Maybe that was the beginning where some of those investments were really Uber in particular in my head because that was the biggest. No. And he was making money at the beginning. Right. That's yeah. And what really what happens with the private equity is that you and me get into Uber at the beginning. Right. OK. Great. We're doing good here. It's set up that then the next round comes. Let's say we're in ten dollars right. The next round comes they convince us hey we swear twenty dollars. OK. It's good it's worth twenty dollars. That means that ten dollars ones were twenty dollars. They're marking up their own investment. And we're marking up their own investment. OK. So they picked up and then they went to the public and the public said no. And that only happens if you're dealing with the same investor because usually the markets well guess what they were huge in terms of we work soft bank was one of the only people investing. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. That's saying $50,000 investment in the Tiger First mortgage program would give you $3,500 per year or $14,000 over the four years. What should you prefer? $6,200 or $14,000 of interest on your investment. If you'd like more information about the Tiger First mortgage program, you can call me at 877-518-9190. That's 877-518-9190. If you haven't checked out the newsletters page of TFNN.com, what are you waiting for? The TFNN newsletters are informative, up-to-date, affordable, and must have for every trader looking to gain a competitive informational edge in today's markets. TFNN newsletters cover every aspect of the markets to offer you the very latest in market news. Plus, new subscribers get to test drive our newsletters risk-free for 30 days. 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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 principle. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. TFNN.com, then hit Watch Tiger TV, that's TFNN.com, then hit Watch Tiger TV for latest market information. Folks, Dow. Dow's up 24 and has a flat S&P's down one and a half. And if we go over, though, I'm glad that those folks in California, they're getting their lights back. But bottom line is that this is going to be the beginning of a long saga. Sure. PG&E, right? Yep. PG&E. PG. The PCG? PGC maybe? Mm-hmm. PCG. Okay. So, we take a look at this and, you know, bottom line is that they lost control, well, the board thus far, PG&E board, has lost control of the bankruptcy. Yeah. They might get it back that now there's two other people that are involved in it. They have competing proposals now, so, and some of those proposals coming from creditors. Exactly. Yeah. So, you get the high volume, low at 507, looks like it wants to get tested where it's 760 right now. The kicker, though, is this, folks, okay? And this is where, when they first started this, meaning, even just at the beginning of last week, what they were claiming, what the press released was saying to PG&E, that they didn't think that it was going to basically get into major tourist places or close to cities. Okay. That didn't happen. They got into Napa Valley in a huge way, and they did get into Oakland. So, they got into major cities. And if you can just imagine, you know, bottom line is that, you know, you're out there, you get no electricity for a couple days. I mean, refrigerators, the amount of loss and goods. A brief moment of an hour, a few hours, you know, I don't even want to say a night because a night starts to really stretch into where things are going to matter, especially, you know, if you're sick, if you're relying on any type of health devices when you're at home on electric, it really gets scary. So brief moments, you know, not a big deal, but when you start talking about days, we talked about, I mean, Tesla was telling people to charge their cars, right? Yeah. When you have an electric vehicle, you can't charge it. Your house is out of AC. Maybe you need air. Maybe you're sick. Maybe now you don't have a car. You don't fare. Oh, yeah. I mean, that's not hard to imagine, yeah. All right. Now, you get San Francisco. So, this article is about San Francisco. They want to buy their electrical infrastructure off of PG&E. Yeah, within the city, such as power lines, other infrastructure, $2.5 billion. I don't want to say not bad, right? San Francisco is an enormous city to control your own electric for a couple billion dollars in light of what's happening when you don't control it. Totally. Yeah. So, yeah, let's see. The first one has got turned down. Okay. That was on Saturday. They said significantly undervalued the assets is what their CEO, well, you know, it's all a negotiation. Exactly. Exactly. Now, that's going to be a number because watch how this works, folks. This is almost like the, when Obamacare was trying to get through, the arguments would be that, okay, you have sick people, you have non-sick people, you've got to put them together so they can smooth the curve out, right? Okay. So, you can imagine, I can imagine who's ever going to take over PG&E, they're going to go, they're going to say, hold it. No, we can't have San Francisco behind their own. Sure. Because I have all these other liabilities out there, and in San Francisco, there's not a lot of trees. Yeah, right. I mean, I'm sure, I don't know the fundamentals of running an electrical company, but I'm sure it's very expensive, per a house on the outskirts, right? Right. Versus you run one line into a city, one line into a building. A pop building. Yeah. Exactly. I would imagine so. You're cranking it out. Yep. So, this, this, that's... Then the question comes, though, is that on the people of San Francisco? To pay for it, versus is it, should that be a statewide issue? Because if it really is something, you know, where the people of San Francisco are somehow subsidizing the entire state, you could do that, you can be okay with that, but it better be out in the open. And maybe that's why, you know, you pay state taxes, and a city like San Francisco will end up paying more. I don't know. No, they're going to get the state deal together and get laws in place for liabilities. They're going to have problems forever, you know what I mean? And then the real key is going to be that, okay, how do you get the law for liability because it seems like PG&E didn't take care of a lot of things in the past, right? But if they want electricity going forward, it's like, okay, here's regulation. This is what has to be done, and, you know. It's my opinion, this is where government does serve a good role, and everybody should agree because you've got to have regulations, you know, whether it's regulations. They want electricity, man. Yeah, and it should be regulations on both, you know, pushing forward the development of alternative resources, whether it is, but also regulating the upkeep of, because it seems to be that, yeah, nothing was upkept. Well, why wasn't it regulated that those were checked by state regulators to make sure there was upkeep? Right. So listen to this, and Tommy probably didn't see this because I just saw this last night and I happened to know something about it just because one of the guys that used to work with us, Jason, the general contractor. Yes. Well, the last building that we were in, folks, okay, the guy that owned it was Wilder, and he was one of the biggest owners of mobile homes in Florida. So it was an article last night, and this is right in Clearwater, which not Fafma, that's where we used to be, right? And what the article is about is that the mobile home structures, the folks that were drinking water there now, right, bottom line, the kids are breaking out and all this in this day and age and the drinking water, the allegations drinking water is not great, right? So what the article is about is in this day and age, and I know this because what had happened is that Wilder, who owned this other building, the state had paid him huge amounts of money to stop having the mobile pox and they wanted to sell them. And this is why. So when Florida got populated, you had all these mobile pox. Well, these mobile pox did not have city surge. All septic tanks that went, every mobile pox had a septic tank that went into another tank on site that was supposedly clear, clear the water. Okay. A long story shot. This has been going on. You talk about regulation, they finally are going to shut this place down to clear water. You know how long it's been going on? Since 1987, the first one, it's been going on for 25 years. Okay. 97 maybe. It's 25. You know, it fell down the drop. Okay. The bottom line. Now it's going to get done. But you know, you can see that it's like, I'd love to, like, okay, how did that go on for so long when, in this day and age, you know, drinking water? Yeah. Because what happened, so this would end up happening. The pipes are so old that it goes from a septic tank to the, it's supposed to be filtered, right? Okay. And then, but the pipes are so old and the filtering that that would seep into the ground and they were all on well water. They weren't on city water. Okay. So the allegation is, is a hay. And then it goes into the well. And then it goes into the well. Yeah. You know what I mean? Yeah. The part with the electric, you know, you say private business, you let them compete, you know, best service, specifically with electric, that doesn't work because you don't want five different sets of electrical wires running through the city trying to have companies competing for the best price to keep their costs in check, to incentivize a top of the line network that they're spending money on because you don't want that. You don't want five sets of electrical wires. So you got to have one. You know, therefore you have a monopoly and it would make sense. A monopoly spends no money to upkeep their product when they have everybody locked into buying what they have only in a monopoly. Could you have a company that's turning off the electrical and their customers have nowhere to go, right? I mean, think of any other one, you just go to the next electric company. That's it. If this was an instance, even when we have, you know, we only have two competitors for Internet, right? Right in here. Frontier and Spectrum. At least you have two. Right. Because if one of them said, we can't service you, we're shutting down for five days at a time to make sure our network doesn't blow up. Toast. You'd go to the other company. You can't do that in electric. So you got to have that regulation on those guys. Yeah. Dow. Dow is up by 29. Nasdaq's up four. S&P's flat. You get gold up by 720. Silver's up 11. Dollar. We're hanging above that number, too. We're at 98, 467. And if we go over and we take a look at that, let's see. And you know, with these banks closed, you're not going to get a lot of movement in these currencies either. Right. No action in bonds. Yeah. That would drive some of the action for sure. And really pretty muted day, right? Yeah. Hanging out. I mean, we were low overnight, but pretty close to even right now. 98, 371. That's the number. Tommy and I come right back. 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Because I believe that Mastercard and Visa in particular are probably vital players to that becoming a worldwide phenomenon, right? There's no doubt. And then the other side of it is that you can imagine, I don't see them getting it through, but if they ever did get it through, then, I mean, because Facebook has the platform, right? They can, they can the billions. They do, but the reason why I'd say Mastercard and Visa, they don't want regulators all up all over them. And I imagine they're preemptively realizing that this might be a push too far and the regulators are coming. And it's because stories like this too, man, you know, in terms of seeing Elizabeth Warren out there buying Facebook ads to point out the hypocrisy, how you can almost say anything in terms of politics. How can that be good? And she just created ads saying that Zuckerberg backs Trump, blah, blah, blah. I mean, in Facebook's official stances, as long as it's political, they're not going to get into the fray at all to actually be collecting money from politicians who are saying things factually incorrect in a nutshell. If you didn't hear from it, folks, so she started an ad out saying that Facebook's chief executive officer just endorsed Trump for reelection. It backtracked after the ad, but the bottom line is that, and then Facebook turned to say, it says something like, well, if you can say lies like that, you know, you're probably shouldn't, but like, really, yeah. Well, yeah, you know, you listen to breaking news, you put it on Facebook, that's the world we live in, man. And so I would imagine that these companies, just to bring it back, they're making a calculated decision, man, saying, why are we going to tie ourselves to Facebook as they try and put out a currency on top of everything? Yeah. How much does the currency work? No. Stay right there, folks. Thanks for coming up next. And I'm Matt, Mr. Basil Chapman, Steve Rhodes. Stay right back this afternoon. Thanks, pal. Thanks, man. Whee! Look at him, folks.