 a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Mike in Southern California. Hey, Mike, what's going on? Hey, Tom, nice to talk to you again. And I have to start out and first tell you, I love this trading room. This thing is great. This app, it works great. And getting all the information, you're instantly there. No delay, nothing. I know, I appreciate you growling proud of us. Your channel is in my pocket all day long. It's wonderful. Thank you, man. Thank you. Now, Tom O'Brien. Welcome, folks. This is Jacob Schupfield, and then for Tom O'Brien. I don't know if you heard the intro, but that caller, he loves the trading room on Discord. You guys got to get in. All right, so the rally continues. The ES, I mean, this is up insane. We're really looking for the 4,400 level right now. I'm sure we'll probably hit something like that this week, something to kind of keep an eye on, some interesting volume movement right here today. We were speaking a little bit about GDX of 0.39, the dollar, sitting at 103.63 right now. I want to look at today some of the big gainers. We had Carnival Cruise, right? And these cruise lines got kind of smacked during COVID, right? But I mean, we have about almost a 13% increase today on massive volume. They had a pretty good outlook, according to some analysts, basically saying that the cruises aren't going anywhere. I wonder if there's some way that they're going to, now of course, you know, Gen X and the boomers are really what you want to look at because they have money to spend. But I wonder if there's going to be a way that they can kind of acquire millennials and Gen Z at some point. I don't know many younger folks going on cruises. I'm sure they're a blast. But regardless, I think there's some positive outlook on their earnings. So we'll see if that follows through. Additionally, we have Oracle running today. They're up in the AI sweep as well. They're up 6.2%. So again, some positive outlook on their earnings. So, yeah, some big gainers today. Some kind of interesting news regarding this and we'll see how much it actually affects their companies. And I'm sure it will at some point. Uber is still up today, but Uber and DoorDash, right? So there's kind of a new law going on in New York City, okay, and it's about imposing a minimum wage for these drivers. I think Dash is down today, but this seems a little bit more company-specific. Oh, no, we're up, okay. We were down earlier today, but up 0.43%. Anyways, so over the weekend, the NYC Mayor Eric Adams, he declared at the beginning of July 12th, the city is officially raising the minimum wage for its app-based restaurant delivery workers. And that's obviously Uber and DoorDash to $17.96 per hour, and that's from its current average of $7 per hour. So I mean, quite a substantial jump. That number is expected to climb to at least 1996 per hour by 2025. It could be worse for the delivery apps as the 2025 proposed rate is much less than the 2382 per hour the Department of Consumer and Worker protections has previously proposed. And so it actually seems that this is kind of a, there was some kind of compromise made between the government and the lobbyists. Certainly the comptroller of NYC had something to say about it. He believes that the rule doesn't go far enough, saying that the mayor acquiesced to the lobbying of DoorDash and Uber, and that workers would actually be taking home just $12.69. Regardless of that, this is definitely going to increase operation costs for them. I think they have put them over to contract work, but they're still going to have to be paid like employees. Pretty interesting. Also, if we want to look at kind of DoorDash in particular, right? It seems like these kind of disparities in prices and movements today is a little bit company specific. The world on the street from people I understand, and I know, they are leaving DoorDash. If they've worked for DoorDash, they want to get away from that company. They don't apparently pay them very well, comparatively speaking. There's a few other companies that are kind of popping up doing the same thing. And the drivers just simply make more money. A lady that I see every day at Publix when I go to get lunch, she does DoorDash as well. She told me this earlier, and I have a few other friends who are kind of following suit. So pretty interesting. We'll see how that goes out. Additionally, we have some news with Target. The company has lost 15 billion market value since the start of a boycott that had been going on due to some of the products they were selling. JPMorgan downgraded the stock. So it's quite interesting. Obviously, we had a kind of similar situation go on with Bud Light. They lost their number one consumer beer. I think they were down 60% in sales over the Memorial Day weekend, which is pretty significant. So we'll see if this, I, whether or not you agree with the protests, it's still causing quite a bit of an impact on this company. Target also suffers from some interesting issues regarding retail theft, right? And this is hitting a lot of the major brick and mortar retail places. Let's take a look over here. The retail shoplifting is costing billions. The CEOs worry that they're powerless to stop it. This is retail executives are sounding the alarm on in-store shoplifting as theft burns a multi-billion dollar hole in their balance sheet. You had even Walmart moving out of Chicago. I remember a few years back you had, I think Walgreens or CVS was moving out of LA just because the thefts, excuse me, the losses due to the thefts were just so high. There was a study done, and this was in California, that people responsible for these thefts is only a small amount of people, right? It's a small group. I think it's something of like 200 to 500 individuals who are responsible for most of it. Any kind of crackdown, and if these cities do get pressured into doing so if more of these companies leave, I wouldn't suppose that it'd be that difficult if it's such a small amount of people, right? And these people are in the system, so regardless, it's quite interesting to see such a large cut into the profit, essentially, into revenue. This article saying as of a possible recession and declining consumer sentiment wasn't enough to worry about retail executives are struggling with increasing amounts of stock disappearing or shrink in the industry parlance. The problem was talked about more on retailers earning calls this quarter than any other quarter on record. That was nearly 200 mentions. The increased attention is basically due to more large retailers calling out shrink, and that's the loss from the thefts, as a real problem impacting both sales and margins. Shrink levels are increasing for almost all retailers. Relish, this is from Michael Relish, is Co-CEO, Apparel Brand Pacific Sunwear of California Incorporated, and that is PacSun, big clothes company. The shoplifting losses are beginning to reach staggering levels. Target said that loss or stolen inventory will hurt profitability with 500 million. So, you know, not only are they getting boycotted, but they're also losing almost half a billion to retail theft this year. Obviously, this is something that really needs to be addressing if I were a shareholder, I'd be putting the heat on target. Folks, stay tuned, we'll be right back. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence, and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators, and other important tools for analyzing this sector. Sign up today on TFNN.com, TFNN, educating investors. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, Forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive that he just hosted, Forex Strategies, and Fundamentals, What is Behind the Tiger Forex report? For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN, educating investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to TD Ameritrade Network and CNBC. 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And we have an increase to the past two years and you say, well, how do we deal with this, right? You go to places like Amazon, you buy online but those products still need to get somewhere, right? They have these little, how do you say little nodes that ship out everything. And this is from two, excuse me, this is from last year, January but this is what it looks like in LA. This is insane to me. This is what it looks like in LA where the Amazon trains stop, right? The trains that are carrying Amazon products, excuse me. The trains that are carrying Amazon products when they stop, this is what happens. They get raided. So I mean, it's like cattle rustling but less like romantic, I guess, I don't know. I mean, that's just insane. So there's stuff going on in LA for sure. And I think they gotta figure that out. We'll see. Anyways, some news on Lockheed Martin, a lot of interesting stuff going on. They're cracking in a little bit more to chips. They're down a little bit today, that's all right. This business booms. So Lockheed Martin and Global Foundries disclosed a partnership to drive manufacturing and innovation of semiconductors and boost domestic supply chains for the US national security systems. Both companies will build a chiplet ecosystem to produce chips rapidly and affordably, supporting the Chips and Science Act's goals of enhancing critical semiconductor technologies. So this is huge for them. Let's look at GFS real quick. And these guys get deals like you wouldn't believe. So this is up almost 5% today with that kind of news. So interesting, Lockheed Martin has a huge price already, kinda hard to get in. Maybe GFS is a nice way to get some exposure on something like that. I'm looking on today. Yeah, so they liked it quite a bit, up almost 5%. Dealing more with Lockheed Martin, this is from May, but it's important to kinda, I think, reinforce just how strong this company is. They won the $751 million contract to support a missile program. Valued at 750.6 million, the contract is projected to be completed by August 18th, 2027. Per the terms of the deal, Lockheed will supply JA double SMs, jasms, along with containers, tooling and test equipment, and spares to support the missile program. They're getting big, big money. The future integration efforts will focus on the US and international versions of Lockheed's F-35 Lightning II fighter aircraft, pretty neat aircraft if you watch some videos on it, and other international platforms. This indicates a strong demand that the missile enjoys in the domestic, as well as the international defense space. On that note as well, the US is announcing a new 2.1 billion weapons package for the Ukraine, and no doubt, Lockheed Martin, I mean, obviously they benefited already, but it just shows you that Ukraine is willing to borrow more and the US is willing to send more, going out into the future on this. So that's, the Department of Defense announced on Friday that it'll purchase 2.1 billions in weapons for the Ukraine, including munitions for the Patriot and Hawk air defense systems. The weapons are being purchased for Kiev under the Ukraine Security Assistance Initiative. The administration had primarily relied on the presidential drawdown authority to ship arms directly from US stockpiles of Ukraine. Weapons provided under the USAI could take months or years to deliver as they involve contracts and might need to be manufactured. Just a little look on this more, a Pentagon fact sheet claims the US is now committed to Ukraine, 39.7 billion in security assistance alone. However, a February report published by the Kiel Institute, said American military spending has already topped 45 billion. So there's a lot of money to be made, and again, as more conversation goes on around some conflict, there was some in Sudan earlier, this, I think last month, actually, and then heated kind of tensions between the US and China, these security stocks are a great place to fly to, just because they stay stable, huh? It just, I mean, Lockheed, let me look at a year to date. I think it's highest was like five, I think it's 508, so we're down a little bit, but yeah, these stocks continue to do well. I think Raytheon, let me see what that's trading out right now. It was in its 90s for a while, he is still there. Oh, we had a nice boost up to 108, so there's definitely some trading going on with these guys currently as well, so. Interesting nonetheless, Microsoft is trying to purchase Activision Blizzard, and so Activision Blizzard, it's main way it makes money, and this is with every other large, what they call AAA game developers, as they do the microtransactions, okay? So you're playing the game, and you don't wanna spend all the time leveling or whatever, right? And so you can go ahead and use real world money in order to get boost in the game, or if you want your whatever character to look nice. Regardless, it's a massive industry, okay? Microsoft has Xbox, and so the name of the game in this business is you buy titles essentially, right? So the biggest competitors are gonna be Microsoft's Xbox and PlayStation, and so you want the new games to be developed to only be on one platform or the other, and this is how they stay competitive, and they can charge inordinate amounts of money for it. There's always a big protest regarding it, but it still works, so people don't stop spending the money, so the practices continue. Anyway, the FTC has already sued to block the $68.7 billion acquisition, choosing to bring the case before it's internal administrative law judge. I know the UK also, this was months ago I was bringing this up, the UK had blocked it as well, and I was curious to see if US would do it, and they did. So they're set to file for an injunction seeking to block Microsoft's proposed acquisition, by filing for the injunction, the FTC is seeking to stop the acquisition before the deal's July 18th deadline. Pretty insane. And it just seems like this is like cost of doing business for a lot of these large companies. I think Google's facing an antitrust issue now with how they handle some data. Meta always does this. I'm sure you just write it in at this point, but Microsoft is facing it now as well. And so we'll see what happens. If they acquire Activision, Activision Blizzard has tons of titles, so Microsoft will now have kind of the monopoly on that. And they stand to make quite a bit of money from it. And these tech entertainment systems, even when you're facing recessionary periods, people still continue to buy them. I mean, it's almost become like a cultural thing. I don't play video games anymore, but when I was young, that was what happened, right? Like every Christmas, they planned the release this way, every beginning of summer break when you were in middle school, they planned it. And even people into adulthood still kind of hold on to that and it's become a cultural thing. And so the video game industry continues to make tons of money, even if their practices are a little strange. 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. 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 4.00 p.m. Eastern. For 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. TFNN has just launched their new trading room, the Tiger Zen, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger Zen, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger Zen, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger Zen at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. All right, welcome back folks. Some quick news before we get into a story I want to talk about. We had NASDAQ buy a Denza for $10.5 billion and that's like a risk data company. And the US exchange operators biggest deal. So NASDAQ is acquiring a financial risk software company Denza for $10.5 billion and it's largest ever acquisition as the world's big exchange operators diversify from transactions into more stable revenue streams like data, risk and management. The cash and stock acquisition acquisition is expected to quote significantly enhance NASDAQ's offerings and regulatory technology, compliance and risk management. This is an exceptional opportunity. This is NASDAQ chief speaking to acquire a leading software company. So yeah, I mean a pretty huge acquisition Denza which is owned by a private equity firm Toma Bravo is expected to generate 590 million in revenue and 300 million in free cash flow this year. Pretty nuts. Some other quick news, Argentina is turning again to the IMF and the last ditch bid to stave off the valuation. Inflation the South American nation is expected to reach 145% this year and a recession is looming and essential banks, net reserves of hard currency are negligible. The Argentine peso, the Argentine peso has fallen almost 40% against US dollar on the black market this year. That's good. Peronist government is striving to avoid a big devaluation. Yeah, well, or a lapse into hyperinflation. How could you not be there already? I think like it was in the 90s, right? It's really like Pete Singer or something like that. He, anyways, they went into a huge amount of debt to the IMF and that's just a bad spot to be in as a country regarding sovereignty, right? So it's kind of insane to see what happens with that. And then the EU is offering Tunisia over a billion dollars to stem migration. Brussels proposes 255 million in grants for Tunis, linking longer term loans of up to 900 million to reforms. The financial assistance package was announced on Sunday and Tunis after Ursula von der Leyen, that's Germany's, I think that's her, the EU representative for Germany, accompanied by the prime ministers of Italy and the Netherlands spoke with the Tunisian president. Yeah, so basically all the migrants flood through either Libya or Tunisia and it's starting to weigh a little bits on the EU kind of system. So they're now gonna just pay Tunisia to stop doing it. I know that's also an issue with Turkey as well and they've been trying to figure out ways that they can meet halfway to kind of stem the flow of migration. It seemed like it was gonna be a positive back in 2016. You know, you had a declining population in order to kind of fund the pensions and keep cheaper products and all that kind of stuff. They were accepting migrants, but now there's just so many and it's really affecting the systems over there. I know the UK suffers quite a bit from this. And the idea essentially is not paying it off like some kind of ransom, but what it is is Tunisia is suffering a little bit economically speaking. So this kind of money will hopefully prevent people from feeling like they need to flee their country into the EU for better economic kind of futures. So the story I wanted to talk about, and this is about California's $100 billion electric bullet train. So that's gonna be fully solar powered. And the reason I wanna, that I thought this was interesting, right, is you have these fires coming out of Canada and it is cutting energy production of solar panels by like 50%. It's pretty intense. And this is why I've always kind of promoted having a larger, excuse me, a more diverse energy portfolio, right? And it seems, you know, I think regulators and legislators are a little slow to the game. So, you know, they're on solar now and maybe there's a lot of, I would suppose, public government incentive to keep on that and not shift the way or at least diversify. But we can see now that just relying on something solar powered has its drawbacks, right? And so obviously that's affecting things up in New England, this 50% cut. California deals with wildfires like nobody else. And so it'll be, you know, I think there's something that kind of need to think through on this. But regardless, let's crack into this a little bit because I think it's just kind of interesting and it's kind of a push forward in some capacity. So this is just kind of talking about a little bit of the history of it. Obviously Elon Musk got a lot of hype on the Hyperloop. So let's talk about the actual high speed rail. So the California high speed rail authority is preparing to begin discussions with potential suppliers of a $200 million utility scale system that it will own and operate. It'll include 552 acres of solar panels that is an immense amount of land, generating 44 megawatts of electricity, enough for a city of 33,000 people and batteries to store 62 megawatt hours of power. The system must be robust enough to provide powerful electrical bursts to propel trains at up to 220 miles per through the 171 mile central valley segment of railway. That'd be nuts to ride onto. Let's see here, withstand intense heat and keep passengers moving along, even if there's a blackout at local utilities. That's significant as well, right? Because they have some energy strains in California too. Work could begin by 2026 to ensure it's ready to power trains by 2030. The target opening date for the railways initial segment, Margaret Sederith told authorities director of planning and sustainability. Excuse me, she is the authorities director of planning and sustainability and she told this to Forbes. Little plug for the state of California. We were talking about that just earlier in the show. And that's another thing to look at too, right? Like this is a relatively progressive thing to do. In a lot of ways it's positive, having high speed rails and doing it, quote unquote, in a green manner is viewed positively. But they also have so many other problems as well. And so, not that they necessarily, I suppose, care too much about public opinion, but there's certainly gonna be some kind of pushback, at least socially, regarding this, right? So it'll be interesting. The country's most ambitious and expensive infrastructure project with an estimated cost of more than a hundred billion. And so this is crazy too, okay? So I mean, new infrastructure is being built, but there's a question now too with the collapse of I-95 and Philly, you know, like why did that fire collapse that section? And it's, you know, a lot of our infrastructure, again, this isn't being tagged on to the interstate, but it brings a broader question like, how are we going to move forward as a country, right? A lot of this stuff was built in the 50s. Has it been kept up? I mean, in the case of I-95, probably not. I would also say there's much more people now. I worry too with where I'm at in St. Pete and Tampa and the kind of Bay Area there. There's just so many people and does that add to extra stress on our overpasses. You know, we have a bridge that crosses the Bay to get into Tampa. What are the effects of that? I mean, that's, you know, the amount of added people there and essentially the vibration from driving, it's interesting to see if infrastructure can actually withstand that for an extended period of time without any kind of like major overhaul and investments regarding like repair. And if it's just not worth it, what is the infrastructure of the future regarding transportation? I think they're building a train here. It's gonna, I think it's connecting to Orlando. And that'll be interesting. Florida's unique too, because it's so hot out and it's like, where does it drop you? But I still think it's an interesting kind of push forward. Folks, stay tuned. We'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30 day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. 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? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade L-A-B-U or L-A-B-D, directions daily S&P Biotech three times, bull and bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges and expenses of the direction chairs carefully before investing. The prospectus and summary prospectus contain this and other information about direction chairs. To obtain a prospectus or summary prospectus, please contact direction chairs at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators and other important tools for analyzing this sector. Sign up today on TFNN.com, TFNN Educating Investors. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. More damning information on some of the weed stocks. Washington State Marijuana Farms, they're temporarily shut down because they're using DDT and DDE on their cannabis. That's a really bad thing to use in anything that's going for human consumption. I do remember though, my granddad was in the military in the 60s and he said, DT was the best thing to ever be created. But that's a loaded kind of opinion, especially coming from that era. So some of the two months following the move, the state cannabis regulator said that cannabis licenses are situated in the five mile stretch of land along the south end of the Okanogan River and north of Lake Pateros. This is so bad environmentally, not to mention people smoking it. And I had some faith, I feel like when they were making this recreational that they would have better oversight regarding this. And clearly they didn't. I guess at least it is illegal for them, but it would be nicer to have some oversight and how many people have been smoking. I mean, it's hard to wash that off. Actually, I have a friend who works for a company. They've created a detergent for weed, for commercial cannabis. But I don't think they were accounting for DDT and DDE when they were making that. Anyways, earlier I wanted to speak a little bit about the central banks buying gold. Obviously the western banks have been adding quite a bit, but China has been buying quite a bit. And I put a really big emphasis on that one. China stretches gold buying spree into the seventh straight month in May and they add signaling more central bank de-dollarization. Heightened central bank demand for gold has yet to abate as China amassed more of the yellow metal in May. And that's according to Bloomberg, the country's central bank purchased 16 tons of the reserve commodity last month, continuing a trend that started in November. Through the preceding six months, China acquired 144 tons of gold and is now amassed 2,092 tons. And my mouse is no longer operational, but just give it a second and we'll keep up. China is not the only country boosting demand for the precious metal. And really the East loves gold and they've been a major driver of that essentially. Yep, and we have William in Boca looking at AMD. William, how are you doing? Are you there? I'm doing fine, how are you? Doing all right, William. So you wanna take a look at AMD? Sure do. Yeah, so AMD is, that's in my kind of opinion on it is going to be the competitor for Nvidia. Looking at the chart here on the year to date, May you had that bump up and you really kind of had a consolidation around the 120 and moving up and what are we at today, 128. It didn't get as much exposure or explosion kind of regarding the AI boom that's been going on. But I think it's starting to get looked at a little bit more and the reason I say that is because a lot of forums or people online are now kind of questioning why hasn't AMD received the same kind of exposure as Nvidia? And what it increasingly kind of seems like is just that Nvidia had so much hype around it and the way this market moves a lot is through hype. That's kind of my look on it. I think AMD is poised to benefit a lot more from this AI hike, but I think a lot of other companies are as well. And they're a pretty solid company. So that's kind of my like cursory analysis on AMD. If you wanna call in tomorrow, I can do a bit more of a look into their financials as well and kind of give you some better insight. But yeah, a lot of people are starting to look at AMD and a lot of people like it as well, so. Well, I sure like it. I've been writing covered calls on that stock for, I don't know, a year. Oh, right on. It sure has made my bank account look good. Yeah, no kidding. You look at the chart from year to date, it's been doing quite well too. Yeah, listen, I think anyone getting kind of into these, into this realm of tech that's gonna be used for AI, I mean, they're gonna become pretty stable in the economy going forward. I mean, if you were listening earlier, you know, Lockheed Martin's even getting into it. So, yeah, this is a pretty, I like everything kind of in this sector, so. Right, okay, well, thank you. Yeah, of course, William, thank you so much for calling in. I know. All right, let's see here, where were we? Talk about China a little bit with gold. Anyways, yeah, the East is gonna extend, continue to buy gold. We'll see what happens if gold's making a bottom now. But that is definitely obviously a question for Tom in an extreme way. He is the gold man. But looking at it again, GDX, that's at 31.19. The dollar is still sticking up here and, you know, that kind of depresses the metal equities in some sense. So it seems like copper though is seeing a huge increase. This is from mining.com and the copper mining profits top 100 billion a year, but the question is, but where are the new mines? So essentially what's going on here, right? Copper's exploding in value right now, but there aren't new mines opening up. But this is actually positive for the sector as a whole in the sense that they're extending the mine life quite a bit. Expansion capital is focused on the brownfield projects and with the number of new mines over the last four years adding up to 15 compared to 32 over the same period of decade ago when profits were below $60 on a clear downward trend. But we've seen an increase in earnings essentially for copper and that's just because they're getting kind of more out of it here. Let me throw this over for you. So companies have been recently focusing on extending the life of mines, especially of those high grade ones and already profitable projects. Because let's be honest, it takes a lot of time to develop something new and it takes a lot of administrative effort and also that transition from like exploration and setting everything up to profitability can kind of impede earnings a little bit. It's very ominous, broader view of copper supply and we expect it to be only worsened by some major discoveries, tight copper exploration budgets and of course, time consuming exploration work and so it's gonna increase the value. But yeah, let me see here real quick. I'm gonna SCCO, not up significantly by the means. That's like, I was looking at Southern Copper on Mexico City there, but no major movement on it. As a result, the S&P Global believes despite fairly substantial estimated surpluses for the next three years, the copper price will hold up well through 2026 before scaling 10,000 a ton again in 2027 when the market deficits begin to appear. I'll link this too in the chat and I'll actually do it right now because I always kind of forget. So there you go. Fletch in the den asking, who's making DDT? Yeah, that's a good question. I wonder where I probably might be buying it overseas honestly, right? That stuff stays in the soil forever too. It's so insane. But yeah, oil forecasts are getting slashed even with the Saudis trying to stabilize the price of it. Now let's see what else. China's NIO is cutting prices because they're not able to compete and they're also stopping the free battery swapping as sales slide. I think they're cutting their base. I'll get the number for you in a second here. Let's pull up NIO. Is this right here? Folks, stay tuned, when we get back, I'll pull up the right ticker for it. We'll be right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. 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Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, Educating Investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com, then hit Watch Tiger TV. That's TFNN.com, then hit Watch Tiger TV. Okay, yeah, I had the right ticker, so I don't know what I was thinking. Anyways, yeah, so NEO's cutting prices, so that's gonna be down about 4,200 for all models, including their newer models, the ES6 and ES8. The company will also no longer provide free battery-swapping services to buyers who place deposits on Monday and onwards. It's added. One of the things that was interesting, and I was thinking about it a little bit, and was kind of seeing a path forward for Tesla that even maintained dominance outside of actual EV production, is they've been in it for so long and their cars all collect data. You know, mapping how the roads work, they're mapping changes that maybe aren't reflected in other databases. And that could be pretty integral for autonomous driving, and so that really is like a path forward in the future, which I think is currently neglected now just with a conversation about EVs, but if autonomous driving also becomes larger in the discussion, Tesla could easily rent out some of that data for quite a nice penny. You know, so usually at this time also, I would give you some interesting, you know, kind of synopsis on a scientific journal or something, but I usually get those and find them, they get compiled on Reddit, but basically Reddit CEO, you know, they have data and other apps use that data, and so they're making changes to the API where they're gonna start charging for it, the Reddit CEO. Everyone hated this, and some of the really popular apps that use Reddit data won't be able to afford it and will therefore cease to exist. So you had a bunch of what they call subreddits basically going dark, right? This was so intense that it actually knocked Reddit off line for about two hours today. The CEO went online and said, yeah, well, you know, cry some more about it, we're not changing. And why would he, right? I mean, this was the response with Netflix and everyone still bought Netflix and they made a bunch more money. And I'm talking about with the, you know, account sharing switch that they did. Folks, thank you so much for being with me. I'll be here tomorrow and possibly the next day and the day after that and then Friday as well. Thank you so much, folks. Have a great rest of your day.