 Welcome folks. This is Jacob Schup fill in in for Tom O'Brien. He will be back Monday Take a look what we got going on. Well, first is December. That's phenomenal We'll talk a little bit more about what we have going on here at TFNN in December Let's take a look at the markets first with the ES trading up point four two percent We have the Russell futures trading up two point three seven percent NQ's at point sixteen Dow futures at point seven. We have gold gold has made Phenomenal move recently currently trading at two thousand eighty nine dollars on the gold contract itself One of the biggest winners. We were looking at it in the den It's down a little bit today, but look at this immense move. I mean we're this is Vista gold Okay, we've we've had Fred Ernest CEO on a few times Let's take a look at this Leased on the weekly some massive movement and some pretty strong volume going up as well This stock was kind of lagging behind a little bit with the rest while the rest of the gold contract was moving up But it finally took off. So that's pretty neat to see we have silver trading it up about point seven eight percent right now copper contract up one point six two percent We have crude so there's been a lot of talk going on with crude recently Especially regarding potential cuts that OPEC plus Will be making we'll talk a little bit about it today as one of the headlines was that the OPEC plus members have agreed on additional output cuts and then so then you ask why is the Contract going down. We'll talk a little bit about what investors How they're kind of digesting that information and kind of the whole sit-rep of that situation in general We'll get to that Tesla trading about flat right now at two thirty eight Forty-four Elon made some big headlines recently Regarding his visit to Israel prior comments Regarding that situation and then what he said about Bob Iger recently Some people are considering or at least taking the kind of downtick in Disney as a kind of consequences of Elon's comments, but I'm not sure how accurate that is Needless to say Disney is trading down We were trading about at our highest here about 96 59. This was sweet Especially if you were a Disney bag holder or traveling back down here to 92 33 currently We have the dollar trading at 103 26 So some really nice down movement at least over the past month in it We had an uptick Yesterday in the day prior as well, but we'll see if we can move down here in the dollar The QQQ trading at 389 at 78 Google at 133 16 meta at 324 78 and Apple at 190 110. Alright, let's talk a little bit about the crude oil. I Smoke about I think the last time I was on or maybe two times ago how OPEC plus, you know, Saudi Arabia Was really the influencer in this But they were talking about reducing Oil output. Okay, this is obviously going to increase the prices for the rest of the world America Produces the most oil for sure. But of course, you have this whole mixed bag With with Russia, Saudi Arabia being the top three after that and then a handful of others as well This kind of obviously reduces the supply increases the price And then we're you know moving into winter In the West and so this kind of can can cause some issues essentially, right? So talk a little bit on this the OPEC plus group on Thursday agreed to additional output curbs of 1 million barrels per day OPEC plus I believe OPEC is the the Gulf nations OPEC plus I think adds Russia in Mexico and I think one more after that as well But Russia Mexico being the biggest players added in OPEC plus the OPEC plus group on Thursday agreed to additional output Curbs of 1 million barrels per day in a move aimed at sending prices higher The deeper reductions come alongside an extension of Saudi Arabia's unilateral reduction of 1 million barrels per day The move was confirmed by delegates at the meeting of the coalition of oil producers and their allies Lack of mention of additional cuts in the official press release following OPEC OPEC plus is meeting led traders So this is this is why we have some downward movement in it The lack of mention of additional cuts in the official press lease following OPEC plus is meetings Led traders believe those reductions were voluntary and not reductions to official requirements Okay, the quotas for each country announced individually. So when there was discussion before this meeting This was kind of sending the prices up a little bit Of course not too much because there's a lot of uncertainty with it And now the fact that there was not an official release it kind of has traders looking at is this really going to be a long-term thing And will it even be seen through We'll say here the West Texas intermediate futures sank more than 2% closed 7596 per barrel at the Brent crude international benchmark price settled at 8283 and Of course Brazil is also joining OPEC. I was talking a little bit about the potential for Venezuela To be joining the scene and selling their oil abroad if they could secure a safe democratic election Well, it turns out that might not happen there there is some Conflict going on with Suriname which is a neighboring country to Venezuela And I guess the government is trying to push the country into a conflict with Suriname At least that's kind of what the headlines and some of the stories lead us to believe and that would obviously Dampen kind of any expectation for Venezuela I would say getting into the the world seen in a major way and adding another producer to the market Which of course would add to supply We'll see what happens. We'll take a look today. What did I oh, yes Look at Pfizer so They were having some issues with their stock price because Covid is virtually over at least in the public perception Not as many vaccines are being purchased. They had a pop-up. I think around this day here On kind of news about a new cancer treatment Excuse me. Excuse me. Not cancer. We'll talk about that weight loss treatment. Okay, so you've been seeing a lot of companies Eli Lilly some others Pushing these kind of weight management pills, right? These are continual use pills Regardless, they got cleared for FDA use. It's like will go V For obesity management so Pfizer was pushing that they're gonna have a twice a day weight loss pill as well This kind of have a sock rebound a little bit. However, it seems that they've actually Stopped testing on it and studying on it because they're an adverse side effects Folks a two will be right back when I talk a little bit about that and also talk about some of the side effects What will go V and no those weight loss pills well folks a two will be right back