 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now. Tolls 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 your garal and a problem with us out here. We have the Dow Industries down 78. NASDAQ off 19. S&P off 2. Gold contract up $15.70 trading at $15.30 an ounce. You get silver up 82 cents. $18.67 an ounce. Light Sweet Crude flat. $58.09 a barrel. Notes and bonds. They are on the move once again in a large way. You get the 10-year up 26. $130.10, 30-year up a point and a half, a point and a 514.6 at $162.10. And King Dollar. King Dollar up 169.6 trade in 98.305. The Euro is at 109. The Yen is at 107.41. And the Pound is at 124 to 1 US Dollar. Well, you know, when we take a look at the S&Ps, what you're going to see out here, folks, is that on Friday, no doubt, you had option expiration. Bottom line, though, guess what? Volume exploded on the way down. And guess what? If it went on the way up, you can make the case that it wants to go up. That's my take on it. You know, price and volume, bottom line. You came down with 97 million shares. You know, we'll see how this is starting to dig into the bottom line, the 298 area with 297, S78. And we'll see how this shakes out. We'll see whether we're building some cars. We'll get volume once again on the downside. And when you take a look at the indices, they really come in with some... It's really the end of the day volume, too, right? It is, exactly. 2.8 billion inside the NYSE and then inside the NASDAQ composite. You're talking about a free handle, 3.3. So you get big numbers there. The note and bond market out here this morning, you know, this is going to get really intriguing because it came back to its breakout area of August 1st, rejected lower price. And the first couple of days up, we didn't have volume. You know, it was like, okay, it was tepid. That being said, then you did get volume in this market. Let's put it that way. We'll see it. So that... Yeah, well, accelerate up a bit. Accelerate up a bit on... That would have been Wednesday, right? Yeah, Wednesday. Today we're going to get volume, folks. You're at 817,000 contracts right now. You are going into 2 million, but you'll do 2 million today. So bottom line, higher price, lower yield. Gold. Gold contract, folks. You know, my take here is that you not only rejected lower price last week, you rejected coming against your breakout area, and you had tremendously lighter volume. We were going into 652,000 contracts. You did 398 and you did 365. We're at 234 today. This is going to do once the contract volume today. So number one, it looks to me like you're going to 1566. Now, this is the kicker. If you're in this market, this very well can be a very large ABC structure in the way up, you know, because the... If you take the lows of May, 1286, the highs of, I think it's August, September. Yeah, $280, 1566 or 1286. You know, you're up there having the Gold Report. It was 1769 or something. That would make sense because you'd add the 280 on top of whatever our low is, right? 1490. Yeah, so 151770. Does that sound about right? Yeah. So that's a big number. And what you have here, this is what you have too, which is really important. It's amazing, you know. Yeah, we pulled back a bit, but guess what? When you take a look at this retracement, this is like amazing on a strong uptrend move. Yeah, I mean... 23% retracement, that's it. Yeah, it was quite a run from under 13 to 1566. And the XAU, the HUI, they did a 38% retracement, you know. So bottom line is that we'll see where this whole baby's going to shake up. You know, today, no doubt, if you get follow-through to the downside and you do get volume, you can't expect volume like we got on Friday, that's for sure, you know. Yes, that was quad-witching. Yeah, monster day out there. Some of the higher volume equities out here. Let's go take a look at these higher volume equities in the market out here today. It's just waking up. Let's see, advanced micro is up 14 cents. You got Roco down $1.63. They're slamming that baby, man. It doesn't stop. It doesn't. US Dale is down 12 cents. That's trading at $10.69. The Tafts didn't help them whatsoever. They got hurt bad last week at one point. If you take a look at that, you'll see that that's been a one-way trip on the way down. You get Facebook down $3. Let's go to the NDX100 and see. Does this end? The NDX let us down on Friday, too, by the way, folks. And that's, you know, normally an indication. It loves leading you up and leading you down. Lululemon? Look at this. That's up 2.3%. You got Ultrasalon up 2%, but that's been down. Yeah, right. Yes, it sure has. Yeah. Micrantex up 1%. Now, taking away from it, you get to take two interactive down 3.2%. SeaTrips down 2.9. INCY's down 2.2. And you got American Airlines down 2.2. And in the travel business, you talk about business that intense. Thomas Cook, right? Let's see if we can even get an article for some of the statistics. 183-year-old company, folks. Yeah. Goes down the tubes. And overnight, they, I guess, went to the top. Overnight. I mean, that's where people, you know, I thought to myself this morning, you better understand, I thought we already... Number 14. Oh, no, that's something that's... No, you got it. Well, that's going to be about their hedge fund, I guess. So, okay, we can break it down. Yeah. But just that, you know, you're entrusting yourself to a company. They go bankrupt, you know, like you get all these people nowadays who say like, oh, my information's private when I'm on Facebook. It's like, this is a perfect example when like you do business with a company of like... Right. What you trust them with. I bet a lot of people were unaware that they could just be left overseas overnight. Oh, there's no doubt. And so what you had, folks, I believe it, did I say 150,000? Yeah, 155,000 people. There's a report of this one. 155,000 people were left overseas. And the British government, and that's what they said in Bloomberg, anyway, is they're basically sending jets all over the place to try to figure them out. Yeah, and they should when it's that, you know, I mean, I wonder if we can find it by typing Thomas Cook to zoom us in. Either way. Pretty intense. It is pretty intense. And you can see that's the... I had said to Tommy a little bit earlier. In the 80s, folks, Thomas Cook was the largest travel agency, not just in the UK and in the whole world, in the world. They came into the United States. They bought every travel, every large travel agency, every corporate travel agency. But guess what? Internet came in in 94. Oh, I did. That's why I was actually surprised to hear how many people this affected still. But especially, I think, when you talk about tours, they have those, what is it? The very Perlo tours or whatever it is. And Perlo still around. So the tour companies, especially, where you incorporate more than just an airline flight. So it looks like a lot of people, of course, enter stories in terms of their packed and ready to go on a plane to the Greek island of coast, celebrate their wedding. And it looks like that got canceled. Yeah, a 170-year-old company. Yeah, and they are leaving the UK to mount what it said will be the largest peacetime repatriation of hundreds of thousands of surrounded travelers. I mean, that's, maybe they'll make a movie about, because it is kind of a crisis, man. That is something else. Oh, wow. Yeah, thank goodness we finally got to the number, man. Look at this. 150,000 Britons, along with 350,000 foreign nationalists are stranded. So a half million people are stranded right now, folks. On holidays. Man, that's intense. What a company, man. What were they doing with their costs? They had 500,000 people on current vacations. Right. Right. That is a lot of cash. I spent that cash on something else, exactly. Stay right there, folks. Tommy and I are coming right back. Our phone number is 877-927-6648. Dow's down to 86. Nasdaq's off 30. S&P's are off 4. Gold's up 1660. Silver's up 82 cents. Oil's flat. Coming right back. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, you're going to have a lot of trouble setting up your trading opportunities. Then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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Check out the new TFNN.com now and experience all the upgrades TFNN.com educating at 1-877-927-6648 internationally at 727-873-7618 Come back folks down down 56 NASDAQ off 22 S&Ps are off one and a half and the saga continues with WeWork folks okay this is going to get really intriguing you know the CEO still has voting power that he can can the whole board Yeah that's where I don't understand go ahead before we jump in as in the board may try and oust him but from everything I understand even in the prospectus it said one of the things listed was that the CEO has the ownership and voting shares to even oust the board So I guess it's going to be a game of chicken between SoftBank and Adam Adam Newman the CEO because what does happen is this is that it seems like they need the $6 billion not going to get the $6 billion the credit line if they don't do this IPO before December Yeah because part of it was you're getting the influx of the IPO and you're also getting like $3 billion in a debt offering that was contingent on them going IPO before the end of this calendar year So there's going to be some traces made Yeah so there you go so the board are in fighting not only in Perles the IPO but also a $6 billion loan the IPO on top Yeah the unprofitable company must complete a successful stock offering before the end of the year to keep access to the credit facility and their high-yield bond dropped $0.03 to the dollar I'm surprised it's just that much man I know because I would not want to be owning some of their debt right now as they can't even go to public they conceded last week that its plans for going public would have to wait after talks for potential investors low expectations for the company's planned IPO off make yeah I wonder how that's going to play out how much control does he really have we'll find out there's no doubt I hope I can remember this IWT I think it is let me see in London I try this out IWG maybe it's another company you're talking about did you hear the same thing I heard them talking about blue work today what happened folks is that IWG IWG that's going to be LN there it is there IWG see if it's in the real estate business so there's a company there's a company in London folks that does the exact same thing yeah this is it okay so check it out so this company here folks we'll find out how long it's been around for a while they do the exact same thing they own and provide private office space okay well you say they do the exact same thing Newman would disagree oh for sure oh for sure there's no doubt about that that even trades at a faulty PE it does that's pretty intense it sure is I agree yeah their revenue they got 9600 employees their revenue is 2.7 billion okay and they make money yeah and they grow yep now that being said they the correlation between this company what is valued at versus and we're talking about the multiples how you value that and this is valued as a real estate company as a technology company they definitely were valued at a technology company at 47 billion from soft banks soft banks saying you got to value them as a technology company I'm sure as well and the market was like no especially not with this type of governance it's not happening and what did the person say that was saying this morning if they mark to mark themselves down to a valuation similar with IWG would be 95 cents on the dollar or 99 90 90 cents on the dollar I thought it was even higher that's it if we work had the same valuation as this company which the company's making money you'd have to knock 90% off the valuation of we work yep so either way I think it was 95 either way it's 10 or 20 times so at 10 times valuation you'd be 4.7 billion from the 47 right and at at a 95% lost it'd be about 2 to 2.5 billion dollars you know what's so crazy about that is that this is where the aspect of that CEO was really smart and because he sold huge amount of shares you know it's in the private market yes and so at a much higher value one of the previous IPOs right no just otherwise yeah on a private deal yeah funding rounds exactly yeah he sold into those rounds yeah and he got a preferential price that other people didn't get and it was the schools later there's about 15 red flags if this is like a real implosion I mean what should you know what happens is that you know if your company like Facebook I mean Zuckerberg did a similar thing with his share structure right but the company obviously had promised and so investors were willing to forego yes complete control from one person knowing that they needed to own Facebook and there's not another Facebook and that's not happening with is that you take let's just say 100 square feet they're taking 100 square feet and they're saying that even when folks had been in this business before they would say that okay we'll give each one let's say 25 square feet okay what he's done is that he has brought it down to like 10 square feet okay but that's not a sell what his sell is is that I'm a smart guy we get ideas together you know you go out together you drink beer he has put this whole thing you know inside of a package you go use occasionally for business for meetings alone renting your own monthly office right and now what gets intriguing here is that there's a couple of yeah Rosengaard from Boston the Fed President from Boston came out with the statement that if in fact this thing does get an IPO that the Fed has to really stop watching them because of the fact that he thinks it could be in a recession he thinks that it could hit commercial landlords in an incredible way I'm sure you know because they've got so big and they have so many leases with commercial landlords that you know because you can't let companies get too big to fail we sell the air I'm just saying that big companies can fail oh you know financial companies with land lease companies yes so the bottom line is if that failed then you have commercial landlords failed and how do you fill space anyway and there'd be a lot of pressure to bail them out because they're too big so you just don't let companies get there because they could definitely affect the whole market if you saw every single office space be underwater totally excuse me and they get locked out yes very good point because you're talking about billions upon billions of leases yeah yeah big dollars big dollars let's go take a look at the platinum market so PLV PLV let's see what we have happening out here and then we'll go to silver silver's got quite a bit out here this morning that metal market yeah so this is big contract for platinum it's 20,000 that's a that's a decent little deal yeah I mean Friday we did 24,000 this thing's going to go after its highs which is a thousand bucks you're 960 silver which is just a psycho market man huge round silver it is like oh plus 78 cents today look at that seriously 87,000 contracts too this is a nice move I mean let alone that we were just at 1450 in May yep and 175 okay and what's cool here folks is this silver gold XAU HUI they're all set up the same way this very well could be a large ABC up too you put these on weeklies you're going to see that on weeklies it doesn't even look like they you know that's like wow two bar pullbacks seriously they really are one bar pullback right I know stay right there folks Tommy and I are coming right back our phone number is 877 10 to September and folks it's gorgeous down here today we got we got a cool spell in it yeah down down 52 Nasdaq's off 13 S&P's a flat we'll come right back if you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon the TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks futures and forex headed by Steve Dahl TAS understands that in today's technological world the use of top flight software 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Check out the new 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 folks beyond meat let's see where this baby is going to go so you get it looks like it's falling off of 4.4 percent today yeah see where it is but um you have an analyst coming out here saying that the analyst citing the high stock valuation and low barriers to entry day and we've talked about it right huge yeah and it's not rocket science folks no you don't need a master's degree in business to understand that you're getting an evaluation right of like Tyson meat god and and what you have there which he has down there you know the largest grocery store in the united states folks is kroger and kroger has already told everyone that they're coming out with their own deal you know and they do business right now with beyond meat so guess what so it's gonna be a matter of you know i don't know if it's four months six months that and guess what that thing's going to be self and i would say i don't know walmart's grocery though maybe bigger than that even in no target or something like that and they're all going to have their own brand and tyson's going to have their own brand next to beyond meat next to the kroger brand in every store and we've done it before but let's do it again man in terms of revenue valuation versus tyson when guess what tyson's still going to be selling plenty of chicken man they're selling a plenty of you know in the refrigerator they have section they have cooked chicken they get chicken in the freezer they have the supply chain they have the trucks that show up there every day already so beyond meat's worth nine billion dollars perfect and they're pulling in let's even go to 2020 why not because we'll give them some credit they're pulling in 400 million and they're worth nine billion right and what is tyson tysn maybe yeah and i think it's tysn tysn thank you tsn there we go so nine billion for 400 million of equity of uh revenue in 2020 and tyson is worth 31 billion so just over three times the company that beyond meat is that must drive the people at tyson and their revenue drumroll please 2020 45 billion dollars a hundred times the revenue more than right 400 billion uh excuse me 400 400 million yes right so that's a hundred times the revenue for three times the market and six dollars six dollars and 77 cents times 300 million let's say right sorry what's the they're gonna make 677 next year for the year six dollars and 77 cents so okay we just took in times the flow to the stock sure that's yeah that's 1.8 billion yeah yeah two billion but they make it to the bottom line yeah just mark your cap alone though i mean you look at you know do you want to own a company that's worth 30 billion dollars that takes in 40 billion dollars a year or do you want to own a company that's worth 10 billion dollars that takes in let's just call it almost zero because you're not buying 400 million in revenue you're buying right much bigger numbers and you always hear about if you walk shark tank right what are the guys in a shark tank say kevin allier he's like i can do this tomorrow with like nothing why would i buy your company i feel like that's what they should keep saying to be on meat right yeah yeah and as you just said tyson's one of the largest meat companies in the world and they're gonna have it of course they're so it's like okay and they're gonna have it i mean they could be a lost leader that's where you you know in amazon's gonna have a brand in kroger as like you said they're not gonna have to make money on the plant-based meat of their as long as everybody keeps buying chicken and you know what they say about the market is those types of burgers aren't going to replace meat necessarily they're just going to be in addition you know it's not going to be a a negative sum game you know you're not taking away necessarily it's just going to be something that people then eat maybe in addition to sometimes meet let's go take a look at the dollar index out here so the first i'm going to pull up the index first i'll show you something here because i'm going to start using this dx y more than the dollar index and so that it would make sense the dollar index is the future right i mean we're dealing with the december future yes um you know in the battle on the the future has been over this 98 225 so we're at 98 280 right now when i take a look at the actual cash index which doesn't trade by the way but it gets settled in cash if we if we're doing business okay the bottom line into currencies on a day by day basis not in the future you are doing business at a cash basis and the cash hasn't been able to handle this 98 932 so it's going to be really i'm going to watch this for a month or two and see what the correlations are do you know what i mean but it's it's it's really intriguing because i remember when i stopped using tim tim wood and my we're going back 25 years now i had said to one day i says man i'm telling it i think we got to start using just the spx cash versus the future and the reason was that the future you know you're from goldman they're from mogan stanley whereas they can jam that wherever they want because they're such large players right what happens with the cash market and the same with this is that the way the cash market gets established is on the spx is that every stock in the s&p has to trade and then it closes and that's the actual number of the s&p sure and the same is applicable on the dollar index spot currency they take the aspect when these currencies might close what do this close that what do this close that what do this close that that is the cash market that's what it's actually you know so it's kind it's intriguing and it doesn't trade also okay but it is when you're talking actually a real number well that is the real number that's the real number before doing business today not and this particular case that's doing business on december 19th or whatever the future is yeah whatever the third friday is and uh you know so yeah that's and it's a close call you know what i mean because when you see one the the the dollar cash index right now is under that level and it's certainly not it has to go a lot lower you know because it's just under one small level not not the larger level but can we jump to tesla so do you hear larry ellison of oracle and what he had to say about tesla's we know he said something to well have to get the quote that i could have a monkey um no excuse me uber not tesla uber that i uh poor tesla they get enough bad credit and press um that he could have had a monkey program the app uber and same type of thing what do they really have that is so worth the valuation that they came in at and it makes a lot of sense when you think about you know the similar why not lift why not and that's why tesla i think was all right and tesla's going to have their own fleet of self-driving cars where does uber fit in besides just being the the first to market biggest one but that's tough when you have with the middle man with an app volvo's going to have who knows you know i mean all these car companies there's no reason why a ford doesn't have their own self-driving app at some point he didn't elaborate on this but i uh i cracked up a bit because it's something you want to consider when you talk about companies that are making no money plowing through cash you know and uh and and this is another one of soft banks both of them i think they were both of them yeah yeah that mean meaning that they're to we work and lift i thought it was uber as well no i think it was uber as well i think as it came out they just liked in the whole sector and they thought there was room for both of them and they didn't really want to pick a horse because you might be wrong in the horse yeah but you know that they're going to be around all right even that looks i mean they're going to be around but maybe the valuation is just a little bit and you know what we're going to start here and here pretty soon folks is that all these unicorns we heard plenty about it last two years that this is the new deal unicorn out there do you know what i mean just go private until you know you can sell a little sliver 10 percent uh but you know in this case here you have to pull it what does racco 10 on left is that them that could be soft bank somebody owns a little yeah my phone and that's in japan that could be i think that that's yep exactly yep stay with that folks coming out come right back if you're in the cd market and looking for a secure investment the tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st petersburg florida the tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which 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traders and active investors distributor fund services LLC 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 for the latest market information folks and uh facebook is getting a little more heat here uh and the heat's actually coming from inside facebook as well as a lot of the folks that uh sold to facebook yeah and all their competitors that they were trying to squash the whole time right this one talks a little bit about snapchat in terms of so facebook for the most part uh past decade they're the big one in the room ripping off their best ideas or buying them outright as it cements its dominance on social media so a number of their current and former competitors are talking about the company's hardball tactics to the investigators at the ftc as part of its broader antitrust investigation they get in there one of them is snap where a legal team for years kept a dossier of the waves facebook was trying to thwart competition from the buzzy upstart according to people familiar with the matter the title of the of the documents project Voldemort that is a reference to a harry potter character out there who is evil i believe including discouraging popular account holders or influencers from referencing snap on their instagram they also suspected instagram was preventing snap content from trending on its app in recent months the ftc ftc has made contact with dozens of tech executives and app developers people familiar with the outreach said and uh they're also taking a look uh and talking to executives from startups that became defunct after losing access to facebook's platform yeah in addition to founders who sold their companies to facebook and i said they rise out to come on they probably had to right it was one of these situations where you said we're going to buy you you better sell to us or we're going to be anyway so the discussions have focused on the growth at all cost tactics had their propelled facebook from basically nothing to one of the biggest companies in the world and they uh and be interesting to see man because in terms of uh and the article is a long one i wish we could yeah if you're out there folks check it out i'm sure you can find it outside of the boomberg but it talks about as well in terms of allowing access for apps the israeli company they were just got into in terms of allowing privacy growth at all costs yeah and you know when you bring this up i mean it's down a couple bucks today but you know this is a perfect example of if the market thinks they're going to keep making money just kind of like we talked about the corporate governance deal the market doesn't care about corporate governance if mark zuckerberg just keeps printing cash all right so you're all time high as 218 you're 185 you know yeah you december we got down to the 123 but guess what that was at the height right uh the the privacy concern battle which in all fairness really i mean they paid the fine right that's probably the four billion or something so that's some of the reprieve but yeah i i see them continually having problems the way they abuse people's privacy they do and now it seems that i mean they got instagram is the other right i mean instagram the instagram is getting some good traction they sure do yeah and of course they have what's app which is huge in europe as well right so they're going nowhere right yeah yeah eight seven seven nine two seven six six four eight let's see where amazon's going oh so on um was it amazon let's see i'd be watching i think it's google no it's google this was uh last week i was talking about i believe it's going to be no it's amazon is that it might be amazon and google bottom line is that they're uh i believe it's one of them that actually have got the licenses now so to do uh what are the the robots the the planes the drones the drones okay real delivery with the drones okay and speeding up delivery okay now it's going to be it's in charlotte'sville west virginia so it isn't a you know a rural community you know so you know they showed a picture of you know the drone coming over the plane uh the house but they were saying that listen this this is i can't i can't wait to see how they they're gonna like pull this thing off um they're talking about doing hundreds of these deliveries a day you know drones don't get tired they just need gas right i know it's just so wild man of course so much news we'll have to find it but yeah i mean i mean if if there's gonna be a company out there doing it um yeah i'd say so right and then it would be amazon leading the way in that so yeah pretty wild and we'll have to pull up the article yeah and let's go over to google so google no doubt is in the crosshairs of the ftc also um and let's go this this is it's not bothering google i mean 12 30 straight not right it's highs man highs and google walkie they can be under some 1289 from uh stress from regulators as wild man because they basically own the search and when you combine google with youtube which is theirs i mean there's always like facebook has instagram they have what to have google right as youtube amazon they have twitch they have an amazon web service uh they have prime they have you know all that stuff so they're they're all multifaceted and then uh what we haven't seen yet is uh i remember we were talking about the uh was a walmart that's coming out with the quick delivery service that's less expensive than amazon amazon hasn't come down yet so that's with the groceries yeah not just yet but i was 98 for the year right uh grocery delivery right now i wonder i'd heard i wonder what the prices are is it the same price of the groceries what to get when they're delivered it might be different i i i know it's 98 but when you're buying a box of cereal it's 379 instead of 340 i wonder yeah there'll be a quick way somebody's gonna oh yeah publish that and sort but yeah and amazons to the contrary is it $178 i think plus you have to be a prime member so it's really like 278 when they all end and then you're still going to be you're getting i believe you're getting most of those from whole foods okay and you know it is interesting though since amazon has taken over whole foods you don't hear whole paychecks anymore now i haven't been to whole foods but i bet it's still expensive i bet it is you know but different different from ballgame we're sure so uh overseas folks you get the overseas markets uh dax is pulling back you know bottom line i don't get this volume to the saffron Germany had a big number man maybe if we could just hit the news after this um because they had a huge um decrease in the growth i think they had a they did pmi was it uh like 41 point something uh which slowest growth in like 10 years yeah i'm not sure what we'll have to pull it up it was it was a tough in terms of uh economic indicator number this morning and you also had south korea with a huge drawback on their manufacturing down like something like 22 percent you're on big numbers yeah and that's they have they have some problems going on with their trade deals with japan south korea so that could be hitting it but big numbers yeah and you know overseas uh well in the age of last night bottom line that came down uh with some juice too so we'll see how this shakes out uh you know coming into the out here but it looks to me like you get a little turn here you know one point the s and p is nothing there's no no and especially when you look at note and bond strength in the dollar yeah big pop and gold yeah what's it all mean helicopter money that's the next thing folks uh but did you see any of those articles yet how i didn't sell modern monetary policy that's the new mmt right that mono theory i think yeah theory thank you that's the new thing and so the helicopter money is back back in play again. Helicopter money, folks. I don't see it happening. But the bottom line is that there's a certain amount of folks out there that are saying that the Fed can't—they run out of tools, meaning all central banks, not just our fed. And helicopter money is the next thing that they're going to have to do in order to basically put some juice behind economy. And is that stimulus from basically the government in terms of programs? Is that what that speaks to? I think it might— They say it's a combination. That's right. And I think the one thing it hinges on, though, is that we're so low on interest rates that bringing down interest rates is no longer a useful tool to provide the stimulus you thought it was. So it's going to have to be the type of fiscal stimulus of putting money into programs because—I mean, are you really holding out to build that factory to go from a half a percent to a quarter percent? No, you're probably building it a half if you really want to. Down. Down on 46 nays, I got 16 S&P's flat and we'll come right back. Newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to. Sign up today. If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's Gold Report. The summer is over, gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5 percent. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. Folks, we found that helicopter. We found it indeed, man. The top of this article says the long despise and risky economic doctrine is now a hot idea. Helicopter money on the horizon as Dalio and Fischer draw up plans. Man, yeah. So the basic premise, man, as we wrap up the show, we get a couple of minutes, is it like we're talking about that basically rates are so low, that type of policy is not going to have the stimulus you used to. And so we got down to some of the specifics, right, what they're talking about. So deflation is a big threat. An emerging consensus says the next downturn may need to be fought with direct and permanent injections of cash, often called helicopter money, and that central banks can't deliver it alone. The basic premise is you don't, it's not alone. You don't have to repay it because we're already at maximum people taking out debt because rates are so low that pushing it down any lower, you're not going to stimulate more people to take out more debt. They can encourage private sectors to spend or invest, making it cheaper to borrow. By historical standards, though, interest rates are near rock bottom already, and the credit cards of households and businesses are pretty maxed out in the low rates area. It's mostly been governments doing the borrowing. And we got the resurfacing of the old idea of monetary policy sometimes pushing on the string. You have Larry Summers out there. We've got to think much harder for economic stabilization about mechanics that involve spurring direct demand. If we thought negative rates had to wrap your head around, how about they just give you money to spend? Yeah. I mean, that's where, you know, when we were losing a million jobs a month when Obama came in, you got that big stimulus, man. You got, you know, you get cash for clunkers, right? You got all these different deals. That's what this is talking about. Those types of deals to spur the economy, whether it's spending money directly on government jobs, government programs, government stimulus. Well, good. We need some infrastructure. That would be a huge one. That would be great. That would be a huge one. And so the basic takeaway that I got, man, this is what they say, they've run out of room. Okay? That's how much easing took place from 2007 to 2009. Was that five points? This one's, we only got two points to go. That's it. We're at 2%. Yeah. We'll find out. Stay right there, folks. We've got a TD Ameritrade thing of swim coming up next. Then I'm Matt, Mr. Basil's captain, Steve Rhodes. Dave White. I'll be back this afternoon. Thanks, pal. Thanks, man. Well, we'll get them, folks.