 It's 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 Ben and San Jose. Ben, what's going on, brother? Hey, Tom, how are you doing, man? I'm doing great, man, yourself? I just wanted to thank you and your team and everything. I've been using your technique with the 10-minute charts, watching the VIX, and just making a fortune here on the futures. Isn't it interesting? That's awesome, man. It's wonderful. Thanks, Tom. I appreciate it. OK, man. Have a great one. Have a safe one. Now, Tom O'Brien. Welcome, everyone. This is Jacob Schup filled in for Tom O'Brien. Give us a call at 727-927-6648. You can send me an email at jacobatTFNN.com. Can hook you out a little there. Some great news. Our boy, Steel Dynamics, up 5.76% today. New cores up as well. Some phenomenal news. Remember, we're looking at that around the $90 area. I mean, that really came back. I foresaw it going over 100 and staying there for a little bit, but I can't really anticipate these kind of major buys off the top here. New cores up as well. Let's check it out here. Same kind of pretty stellar move for the Steel sector today. Folks, June 15, that's in two days for all of you. Tim Ord is having the final part of his trading webinar series. This is going to be on gold. And no better segue to get into it as gold is down today. So having Tim's insight, maybe looking at what he sees regarding bottoms, regarding how we're going to progress from this point on, that's going to be invaluable. Take a look at gold. So we had CPI, obviously, come out today. And there was a positive outlook on it. We had the GDX down 1.3%. I had a buddy before I went on. He sent me Ignico Eagle. That is now 1.85% today. So the XAU is also down. Some bearish looks, at least, on the XAU for that. If we take a look at CPI, I can pull it through somewhere here. This is on the BLS.gov's website here. So this isn't going to be the core. But if you look here on energy, this is really what affected the CPI today. We're down 11.7 on energy commodities, 20.4 on gasoline, all types, 19.7, fuel oil, 37. I mean, this is pretty nuts. We did have an increase in food away from home and food at home. So looking at companies, maybe like Chipotle and everything, going forward, as consumers are kind of staying away from maybe higher-end restaurants, they're still going to be eating out. That's now just become essentially like a part of American culture. So that will stick around in looking for those companies that provide cheaper food away from home. Eggs have gone down, though, which is stellar. So we have a little bit of a depression regarding that. The major fear I have, and of course, also shelter, was up as well. That, it takes a while, I suppose, for the rates to kind of affect that. Hopefully, we will see an actual genuine decrease in this going forward. The core CPI still, at a significant point, but the total CPI was down basically because of energy. I do get concerned if we run into something where, for whatever reason, some kind of unforeseen circumstance comes around and knocks energy up. We could be back in kind of a realm of trouble a little bit, at least on this sentiment of people in the economy. So that's what we're looking at. We are seeing a depression in gold because of that. And also always defer to Tom regarding gold, but that's what I'm seeing today. So kind of an interesting little development as well. I still think a lot of analysts and banks are looking at, there is disinflation, I suppose, with this, but the deflation isn't particularly seen yet. So we still, I would say, are not really out of the woods. But the market, as it is now, is lovin' it anyways. Of course, we're rallying pretty heavily. So some news here, I wanna take a look. This has a little bit of impact. The US EPA is gonna release a biofuel blending mandate, a rule by June 21st. Folks, that's my birthday. After delay, court filing shows. The US Environmental Protection Agency, the EPA, is expected to release a final rule on biofuel blending, volume mandates for the years 2023, 2025 by June 21st, after seeking a one-week extension on a deadline for the rule, according to the court document on Tuesday. The EPA was sent to issue a final rule by Wednesday under a court-ordered deadline, but has agreed to an extension with Industry Trade Group Growth Energy, according to the filing. Reuters reported the delay early on Tuesday, setting an anonymous source. The final rule is set to mark a new chapter of the Renewable Fuel Standard Program, which is more than a decade old while Congress set out specific goals for the program through 2022. The law expands the EPA's authority for 2023 and beyond to change the way the RFS is administered. At the December proposal, the EPA would require oil refiners, and this is the important part, to add 20.82 billion gallons of biofuels to their fuel by 2023, 21.87 billion gallons in 2024 and 22.68 billion gallons in 2025. It's been interesting. I've been watching a lot of, I think it's on Business Insider and a few other sources, but just looking into some of the biofuels they have, you know, they're using a little bit of biofuel generated by algae. I think it's interesting and kind of pushing this through to a point where we can actually see some kind of impact. However, and I think I might have touched on this a little bit yesterday, but this report came out here. And it was fossil fuel company, net zero plans are, quote, largely meaningless. The number of fossil fuel companies setting net zero mission targets have risen sharply over the past year, but most fail to address key concerns, making them largely meaningless. Some 75 of the world's largest 112 fossil fuel companies have now committed to reaching net zero. That's the point at which greenhouse gas emissions are negated by deep cuts in output elsewhere and methods to absorb atmosphere carbon dioxide. But that's up from just 51 a year ago. Most targets, this is the key point, guys. Most targets do not fully cover or rather they lack transparency on what's called scope three emissions. And these include the use of company products, the biggest source of emissions for fossil fuel companies. And they don't include short-term reduction plans, the report added. That made them largely meaningless. Pretty intense, huh? The report also found that none of the fossil fuel companies were making the needed commitments to move away from fossil fuel extraction or production. As it stands, some 4,000 countries, state, region, cities and companies, globally, have now committed to net zero. So that was last November, the UN issued on what a good net zero strategy was. And you know, this, so many times, I think they call it greenwashing, but companies use this in a lot of ways to get people to basically buy their products and see them as a progressive company. That was something also with, how do you call it, like, fair trade. And I, you know, it's these kind of progressive terms that they put on the products to make people feel better about buying them, and in reality, they're not hitting the point. I learned about fair trade is it's not really a practice more than it is like an organization. And while, you know, your coffee bean farmers and everything get more money, they certainly do not get a significant portion of the product, especially what's charged when you have a label like that. Folks, stay tuned. We have Basil Chapman with us live next. 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 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. 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When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on Market Movement that 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. Toll-free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. Take a look over here. We have the opening call newsletter by Basil Chapman. So every morning I look at the newsletters, just seeing what's going on. I proofread some of them. And Basil's is always... I love it, right? He's informative. He writes enough to get it across, but it's concise as well. You can try this for 30 days. You don't like it for whatever reason. I can't imagine why, but you can get your money back. Mr. Basil, are you there? Hi, how are you? Doing all right. How are you doing? Jacob, it's good to hear you at this hour. You're doing a great job. Thank you, Basil. It's good to have you on. Thank you. So what are we looking at today? You were talking about a newsletter, and what's really interesting is that in the Chapwave, the concept that I originally founded way, way back when I was hand charting with pencil and ruler on the engineer paper, was that if I identified the lowest low bar, if there were four peaks, that is, each higher peak was alphabetized, peak A, then the next peak, which starts, the leg starts a penny above the left side, peak A starts leg B, then it makes a peak B, etc. Until it gets to do the fourth highest peak, that essentially over the years developed so that I take it from a bi-signal, upgrade it to a bi-mode, and it applies that it should go to at least a peak D. That's the core. At D, other things can happen. So what's interesting here, especially since I'm on with you at this particular time, at what is it, 3.20 on the Tuesday, the day before Fed meeting, this is the 13th of June, we've got a leg C. And for subscribers, we are long, we're actually long from this low right here in the October loan. This is the weekly chart of the Dow, we're long the Dow diamonds, that's the one to one long, and we're long the three times long. We've held it even though that's really just a trading position, but we've managed the stops of health, it's been very good. And we've added to it on the way up, we've even shortened it, about a week ago, we added to it. And here we are in leg C. So this is the difficulty. So leg C, with the Fed meeting, you say, is this it? The irony of the whole thing is that if all the technicals are good, and this daily chart shows you that the MACD, the moving average convergence divergence, it's really strong. The stochastic is really strong at 94%. On balance volume, this blue line is lagging a little bit. I'm going to show you something in a moment or two. I'm period moving averages over the 14. I mean, everything that you want is here for a buy mode to continue. So we are waiting, regardless of what happens with the Fed, we're waiting for maybe a pullback and then perhaps a minor high towards the 34,000, today's high 34,000, 310, maybe above to get your leg D. And then we've got to be careful. Now, what's interesting is in the weekly chart, we've already got a leg D, even though it's technically under the last April, I was at, I'm sorry, is that April? It was the December, the week of the 16th of December. That peak in the 34,700, this is still in the waveform, it's in D. So there are a couple of things that are going on. So we've got the down in legs C. You were mentioning just a moment ago, oh, what was the stock? Did I write it down? You were talking about it and I thought, oh, that's a great example. Let me see if I can see it in my list of stocks that we... We were looking at AEM, STLD, AMD. Yes, STLD, that's right. It's the steel dynamics, if I'm correct, right? Steel dynamics. So steel, STLD, where is it? Let's see here. It's only in a leg B in the daily chart. And the MACD is good. The stochastic is actually at 82% on balance volumes lading, but the red little gray line is improving. The weekly chart doesn't look great but the daily chart has had a huge pullback from its peak E, but it's still acting very well. So here I am and I'm saying, okay, well, I'm getting a little cautious because the tech sector, and I'll show you this here, we have in the tech sector, we have a stock I've spoken about very often when I've been interviewed by Tom for weeks now. I'll be saying, we have a stock called Symbartic Inc. It's in the AI, the artificial intelligence, robotic warehouse automation systems. And we're long from the 21s and it's actually now more than double, it hit 47 today. But I wanted to say, so in the one air, now look at the little blue line, the on balance volume is the exact opposite of something like a caterpillar or your STD, which is steel dynamics. Look, caterpillars in leg E, but the stochastic strong, but the on balance volume is lagging. So in my show this morning, and I'll do that again tomorrow in my show at 10 o'clock. What I wanted to emphasize was that this is a rotational market and that somehow or other that whole artificial intelligence area could, in fact, we also have bots, which is BOTZ is the symbol. This is Global X Robotics and AI ETF. The week is a little extended. It's in leg E. If you look at the technicals, look at that on balance volume. What else is fantastic with the on balance volume? Just be ready for some kind of a pullback, just a pullback, not a smash with a pullback. The daily says the same thing. So the way I'm looking at the market right now, and I should also mention we are long from the 24s at 20. You there, Basil? Looks like we might have lost Basil for the time being. We'll try to get him back. There he is. Oh, you lost me. Am I back? Yeah, you're back, Basil. We can hear you. I think that we've got a rotational correction that is possible coming up, and that means that some of the sectors that have done really well take a bit of a breather, and the sectors that are like in the cyclical, as I just showed you, catapult, like you just mentioned, STLD, which is Steel Dynamics, that area starts to see some strength. That's the way this market works so often that when one sector takes a breather, the sectors that will lag and start to play catch up. So I'm kind of intrigued, and as I say, we've got to be a little careful. We are at sea, and that's the way we expected to be, but this is where I start to get a little bit cautious, just on the shorter term, the daily charts, the weekly charts actually are all, and the broadening of the market rally has extended enough for me to say I think that the market would cope with some negative news from the Fed, but at the same time it's really important to be a little careful in the sectors that have really run to the upside in an extreme way. Fascinating. Fascinating. And so tomorrow you're going to go over that a little bit more, right? I'm curious what you're looking at with the blue line. I think about 45 seconds left, but are you looking for that convergence? Where it converges with the other stochastics, or how are you looking at that? No, the blue line is a completely independent thing. Joe Granville, years ago, we used to add up the price. It's a running total of a bar that closes up. You add it to the running total of the volume, and if it's down, you subtract it. It's a very simple technique. Once they've made it a line, and you have to do that calculation, it's fantastic. So I'll talk about that tomorrow. It's almost independent of everything else. This is the only thing I use as an overbought and oversold signal. The others can keep going a lot longer than your patients. Fascinating. Basil, thank you so much. We'll definitely tune in tomorrow, 10 Eastern time. Basil, thank you so much. Thank you very much, Jacob. Bye now. See you tomorrow. 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 in 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. 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's Den, 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's Den, available to all tigers and tigers for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, 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 tigers as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den 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. Folks, alright, so to run over this quickly, we have Disney. They have some issues regarding their movie release and some of their streaming. They're delaying a lot of their movies, all of the Star Wars, Dead Pools, Avatar sequels, and this is getting in the marvels as well, and this is getting pushed out to like 2031, Deep 2029, 2026. So they're having some issues and this is essentially just caused by production delays with the ongoing WGA strike, partly, and they recently paused some filming on some of their other stuff, but regardless, this stock has obviously been tanked pretty hard this year. We reached as far down as 87.01. It did creep back up to 95, but really, I think the beautiful spot for this stock is at the 100 level, and it might take us a while to actually get back up there. Hopefully with the return of their old CEO we can see something positive. I have shares in Disney, still above my entry price, but who doesn't want it higher from that? So, we'll see. Next level we're trying to get at is 95, but again, we have this 92 area that will test and see if it can. It had big volume and then tried to get back up and then just went even deeper, you know, quite a bit of a sell-off for that stock in general. So Oracle was great. People loved it. It took a little bit away from AMD. We had William yesterday asking about AMD. Still think it's a great stock to get. It was down a little bit today. Looks like we had some profits taken out of Nvidia as well, even though we're up about 4%. It was trading higher, however. Still, if you look at on a year to date, AMD is looking solid. They're going to unveil their new chip. Okay, and this is to compete with Nvidia. So this is the Ryzen chip. It's going to be added. Let's see here. Meta is using it as its cloud chip. This is pretty big for it and this is the Ryzen Pro 740. Obviously, the government as well is using their Mi300 chip in their supercomputer. So it looks good for it. I get a little nervous here, not with AMD or you know, not with the chip sectors at all, but with this AI hype, right? So I saw this article. This was in the financial times and it was a week old AI startup. It raised 105 million and this was Euros. It's in Europe, but it's kind of giving you an insight how the global market is looking at this. We've obviously dumped a ton of money. You think about it too, like most of this upward pressure in the market is from this AI rally, you know, and other companies basically adopting AI or saying they are. And of course the generative AI is massive, but it begs the question, you know, a lot of money being dumped into AI companies that you know, might be taking back a little bit. This was Mistral AI. It's going to be a generative AI such as chat GPT and all that. They have some old Google Microsoft people, but just to show like this company again is a month old all right. It has no product whatsoever, has barely any developments and it raised 105 million in Europe's largest ever seed round. Mistral AI's first round of financing values, the Paris based company essentially at 240 million. So are we seeing just like a hyper, you know, inflation of these of these stocks? Again, I don't think this is the same with chips. Chips aren't going anywhere. These are really the future of this digitalized world certainly as we become more and more digitalized, but it's something to keep in mind you know, obviously this will generate a lot of income, but that's when things like that start happening, I start getting a little bit, you know, suspect I suppose but we'll see. GameStop regarding some of our memes the CEO picked up 10 million in stock, which was just insane. We're looking at a little bit, that's Ryan Cohen stock worth 10 million securities filing show Tuesday shares. The company jumped 7.7% early trading. They are down nearly 80% from their peak of 120.75. There are still so many people who are stuck in this stock and it's just kind of absurd. I mean, here we are at its highest peak right here. 125 and just a slow burn. This company, I don't like it. It doesn't really do anything. Nobody buys games physically anymore. It's all done on stores. If you're going to want to go buy action figures or whatever, you get those on Amazon far better. It seems to me, it surprises me we have like a local mall here and they're still in there. One of the things that they, I guess, pull people in on is kind of like test experiences which I guess is positive, you know, especially when we're having AI, excuse me virtual reality come out it'd be cool if they adopted something like the Apple goggles or anything else but other than that what's keeping this company afloat a lot of the time is kind of the meme investors on Reddit. Cohen promised investors a digital pivot with a focus on e-commerce and again, right, like that's the smart thing to do and I mean that in a general sense, right but you're still competing Microsoft and Sony sell all their games on their platforms from their stores, right there's no need right now for, this is my analysis of it but there's no need right now for, you know, a middleman to get me video games or get products like that when I can just purchase them either directly from the seller or on something like Amazon so they ousted even Matt Furlong which is a former Amazon executive and he was handpicked to lead the largely brick-and-mortar operations and companies expansion and that's obviously concern for a lot of investors so some interesting development on that, people still love that stock but I think it's just because they're getting into it. With speed a little bit about copper yesterday, you know, less spots are being found with copper they're spending a longer time getting it out but it seems that the, as more and more copper is being used and integrated into EVs and technology we have companies like Citigroup, they're looking at it and seeing a big top out of copper over the next few years this is a little graph that Citigroup came out with and they're expecting it 15,000 by 2025 so it'll be interesting to see I definitely think copper is certainly getting it's harder to find these kind of deposits of it right and so I was speaking on this with a friend and I was saying there's basically being used in kind of this EV blow up and this tech blow up and they ask what about lithium, that's a good question too because lithium is massive but lithium I was doing some research on it third most abundant element in the universe, honestly we could see this kind of chart of lithium prices and kind of topping out here I was even listening to Elon Musk about it and it's just easy to get lithium now and more and more different techniques in order to extract lithium are being developed ways that you weren't able to prior on the copper topic as well Musk was talking about it he's looking in actually to Mongolia to develop a copper mine so that'll be interesting to see it develop that way but keep an eye on these copper stocks obviously we're just taking a look at southern copper if I can get this back up here we had a nice move today as well and I'll just look on year to date for them get the general idea of it the high at 8198 we're creeping back up to that 75 level we had some decent volume moving up on it so we'll see I'm honestly considering it I need to do a little bit more research before I get into anything copper but it certainly has peaked my interest as of recently folks when we get back we'll talk a little bit about these API kind of wars that are going on essentially and really what that means for future AI integration folks stay tuned we'll be right back 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 and identifying price turns finding the peaks and valleys and 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 LABU or LABD 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 shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 266-476-7523 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 principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC we have exciting news this June Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing 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 NYSE American and TSX under the symbol VGZ all right welcome back folks today I was speaking a little bit about how Reddit was having a blackout due to the CEO's new API rule right and so the API is is application program interface and it essentially allows two different applications to communicate with each other okay what was going on with Reddit is there were some companies that were using Reddit data in order to kind of make knockoff Reddit apps right and this is for like better user experience or whatever what Twitter had done a while ago was start charging an immense amount of money in order to access API data and the goal behind that right was to basically squeeze out competition so you couldn't afford actually to use that data on the API Reddit is doing this as well squeezing them out and this is kind of how you know AIs are being run right like they're taking data from other programs and are able to utilize that data to do whatever right just this is what's so nice about the AIs kind of the sky's the limit with what you want to do and in the future we can I could see honestly some companies really kind of strangling each other regarding this right like you don't want this person's generative API to access your information and vice versa to where we get into quite a you know almost a gridlock at least in development with it you know furthermore this is kind of a new way that companies are monetizing their kind of traffic right in the data that they're collecting from us this is brought up specifically in the case of Reddit right a lot of the people aren't liking it so they're protesting Reddit excuse me Reddit got tossed yesterday because of it but you know in the past this kind of raw data had been given to companies for them to process and essentially market but now this is going to be used in order to really create entirely new programs via generative AI and so you know I think one of the big questions that's coming out of this is you know personal data ownership over that and how if companies are going to you know obviously we're on their platforms and we agree to this kind of stuff when we access their platforms but there's that discussion around you know does the individual have any rights to their data you know constitutionally or legally will they be able to profit off of it I mean it got to a point there's a a big knock off of the Reddit application right I forget the name of it but everyone uses it and with these new rules they would have to spend 24 million dollars a year accessing the API and that's impossible obviously for a free application right so you know if that's the what could happen you know in a world imagine if that's a more consumable amount of money right as opposed to just trying to be used to strangle competitors will people on those applications that data is being harvested from will they get to see any of that money should they get to see any of that money it's pretty interesting on top of that it's not just these companies taking your data but there is a new classified excuse me a declassified report that came out that the government is doing so as well and they are purchasing large amounts of commercial data essentially we'll pop into this a little bit and I'll link that in the den right now because I always forget to do these things but it's interesting to look into it and so according to this newly declassified government report confirms for the first time that the US intelligence and spy agencies purchased vast amounts of commercially available information on Americans including data from connected vehicles web browsing data and smart phones now by their own admission in this which is good and this opens up discussion kind of around these concepts of privacy the US government admits that the data it purchases this is in this report clearly provides intelligence value but it also raises significant issues related to privacy and civil liberties and what they're saying in the report is that it cannot you know it can cause embarrassment for American individuals but can also in some cases pose safety concerns so you know as technology becomes greater reaching and as pervasive as it is and really the main goal of a lot of these you know products really being data collection and the utilization of that data for a better product I think this discussion is going to become far more prominent in society the office of director of national intelligence to classify the released excuse me and release the January 2022 data reports on Friday following request by senators Ron Wyden to disclose how the intelligence community uses commercially available data the classified report is the US government's first public disclosure revealing the risks associated with commercially available data of Americans that can be readily purchased by anyone including adversaries and hostile nations it's another interesting point and we talk about that quite a bit right in the United States does not have a privacy or data protection law governing the sharing or selling of Americans private information and this is a quote now in a way that far fewer Americans seem to understand and even fewer of them can avoid commercially available information includes information on nearly everyone that is of a type and level of sensitivity that historically could have been obtained by other intelligence gathering capabilities such as warrants wiretaps surveillance and other methods essentially according to the report the ODNI does not know which federal intelligence agencies are buying Americans personal data so I definitely you know if this declassification gets the amount of attention it really should I think in the coming year well we'll see a meaningful congressional hearing kind of on this right and we'll actually get a little bit of you know some kind of regulation or at least better transparency on this is going in and really again as a culture we need to enforce this idea you know of all your information kind of being online and being intelligent with what you give your information to right so the way you behave online all of your information that has been monetized for a while but now we're seeing that state actors are purchasing it as well you know this is our government so you know people have differing opinions on that but the concept of foreign government as well having that is something to keep in mind so another interesting article pulled up here is we have the US homeowners see equity drop for the first time in a decade somehow Ohio sees more gains so that's good for Ohioans they need a break every now and then for the first time in more than a decade US homeowners have lost equity in their home although Ohio homeowners continued to gain ground according to the real estate and mortgage services core logic American homeowners with mortgages saw their home equity drop 0.7% or an average of $5400 from the first quarter of 2022 to the first quarter of this year in 2023 the loss which totals 108 billion nationwide is the first loss since early 2012 and reflects the decline in home prices seen in much of the country although not in Cincinnati again that's great shout out to the Ohio and Tigers I'm glad you guys are seeing some gain still homeowners on the west coast and throughout the west saw the biggest declines in home value and also you know we've been speaking about the west I want to pull something out as well we were talking about Hilton just basically saying they're not going to pay that $758 million debt they owned trying to find it here but the largest shopping mall in San Francisco also decided to say hey you're not paying anymore going to find this yeah ok the west field that abandons the larger San Fran mall so you know west coast is already in kind of some dire straits in general so this is the average home owner in California excuse me in Washington at least lost $74,000 in equity in California down $59,600 Utah down $37,700 is pretty intense moves we'll talk a little bit more about the west field abandonments when we get back folks stay tuned 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 markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get 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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 welcome back folks before we went on break we were talking about how the Westfield is a larger San Fran mall and stops paying its 558 million dollar loan John said in the den he was saying Nordstrom is the anchor it's a huge mall and that's true and Nordstrom is not renewing its least in August that store occupied 312,000 square feet when Nordstrom closes the mall will only be 55% least and that's below the 93% of other Westfield malls across the US it's nuts basically they blamed unsafe conditions and lack of enforcement against rampant criminal activity out here pretty pretty significant you know this is going to we were always talking about the smaller banks holding a lot of these CREs but this is where we start seeing it become a major problem I think and you know I don't know what the path forward is as the mayor even said their path of recovery remains clouded certainly it does alright some interesting stuff just to close this out artificial intelligence what can it what can't it do well it's going to give us a new Beatles song if we need that it's taking I actually have a close friend of mine he's my MMA coach and he's just been clicking away on AI and he's making you know all of us he's taking our audio and making and this is what they're doing with John Lennon so I don't know Paul McCartney went on the BBC Radio 4 they used a quote-unquote extricate John Lennon's voice from an old demo and they were using it to complete the song so that you know that's just bizarre I know in the I can't remember which Star Wars movie it was but it was one of the smaller ones they basically AI the grand moff back into it even though he passed probably like in the 80s or something like that pretty crazy world and we're already going to I'm already seeing it like on advertisements on YouTube using the voices of famous people in order to sell like clearly scam programs and products so yeah he be wise out here I don't know folks thank you so much for joining me I'll be back again tomorrow Tom will be back I believe Tuesday of next week we're out Monday thank you so much folks have a great rest of your day