 The following is a presentation of TFNN, the morning market kickoff with your host Tommy O'Brien. Good Thursday morning everybody I'm Tommy O'Brien coming to you live from TFNN just after 9 a.m. Eastern time we got about 24 minutes till the start of trading. We get the S&P's catching a little bit of a bid off the pre-market session lows. How about that GDP number you're talking about 4.9% pace quite a number man. The market takes it and runs with it with trading well off the lows or about 30 points off the lows in the S&P right now trading at 4198 we'll call it 4200 basically right where the futures opened last night. Yesterday got a couple deep sell-offs man following the Google numbers following the Microsoft numbers as well but Google seemed to have the market a little freaked out. We got meta numbers after the bell last night they're trading a little bit lower as well and that's after spiking higher initially on their numbers so meta gives it up as well. And tonight we get Amazon along with many others Apple next week and let's get into some of the indices overnight. You make it to a low 41 71 you are off 40 you're off 1% basically in the markets you are off more than 40 points to the downside. We've trimmed those to be down by only 12 in the S&P and you see even as of about an hour and a half ago right markets catching a bid on that GDP number we'll go over it after we do a little market wrap of the charts you jump over the Nasdaq 100 or solid 150 points almost off the lows the last night trading at 14,404 you're negative by about half a percent or off by 75 points the Dow barely in the red this morning by 4 we were positive just when I was coming off the air so Dow will call flat Russell will call flat as well Russell catches a bid excuse me off the pre-market session those were up by about 16 I was gonna say excuse me $16 off the lows but basically back to flat bitcoin has had itself quite a run we've been chopping around for the last couple days near that 35,000 mark this morning we're off about 500 bucks at 34,330 crude spikes higher yesterday and you give it up today we're catching a little bit of a bid in the last hour or so crude Dow $1.70 on the session but boy you talk about some volatility right from 345 in the morning last night you trade down $3 in the price of crude and we've bounced about a dollar since then taking a look at the Femina cheese bumping right up against that 382 so put it on your radar man 83.70 we're trading at 83.66 right now in the price of crude gold contract backing off a bit we're at 1986 gold off $8 this morning you jump to notes and bonds you talk about some volatility man how about it now today we're getting a little bit of a spike on those numbers at 830 right but boy you talk about volatility as our man Basil Chapman would say the day is very young folks the day is young we got 20 minutes to go until the opening bell and meanwhile you see the action in the 10-year man half a point just like that we traded up from where we were trading just jumping around from where we were at 830 coming into that number and we're going to get into that number in a moment but right now we're talking about a 10-year yield of 4.93 4.93 we were all the way down to 105.16 man remarkable now we've been talking about this daily trend line right let's take off that Fibonacci number and as you can see inching towards the bottom part of that trend line yet again just just off of the lows man I bet we got really close to 5% if we didn't hit it we're sitting at 4.93 right now on the 10-year and we jump over to the dollar index back to a short-term time frame 5 minute chart and as you can see the dollar pushes almost 107 overnight since we've got that strong GDP number we have yields trimming a bit we have the market trading lower and we have a little bit of dollar weakness that are all related all right let's get into the numbers man and let's kick it off with a 4.9 percent pace of GDP where's the headline there's the headline the US economy grew at a 4.9 percent pace last quarter the fastest since the good old days of 2021 consumer spending jumped at a rate of 4 percent the most in nearly two years I wonder if Chairman Powell spit out his coffee this morning when he saw these numbers I kid but boy you talk about no room for a slowdown man the consumer is alive and well core pce price index increased at less than forecast 2.4 percent so that's what the market likes and he took another sip of his coffee and enjoyed that one on that second headline right you don't want to see consumer spending going through the roof but if consumer spending is going through the roof and prices are actually increasing at less than what the market was expecting you could call that one of the Goldilocks scenarios man yeah keep pushing the GDP higher if the pce actually is staying at a level near 2 percent right so GDP accelerated to a 4.9 percent annualized rate again it's an annualized rate okay that's during the second quarter so you take that number you basically multiply it times four what you get on a quarterly basis the number they were looking for was 4.5 percent so a decent beat here's the only thing I will say you're annualizing a quarterly number okay so we do this all the time when we get the monthly numbers right we get the monthly numbers we get monthly retail sales we get monthly numbers for inflation right for consumer cpi etc and all you gotta do is multiply that monthly number times 12 to give you a rough idea if we did the same thing we did in the last 30 days going out a year what's that give us for an annual number well that's kind of what you're doing here with this number for an annualized quarterly number right you take the quarterly number and you say on a on a yearly pace right what do they call it let's see how the annualized rate is the way they term it okay which is probably the correct way if you want to annualize that rate you multiply it times four now the reason why I bring that up is because the actual GDP has an annualized rate of 4.9 percent that we just got for the quarter the estimate was 4.5 what's that mean that means that you beat it by about 0.1 percent this quarter to get an annualized rate that beats it by 0.4 percent the point being it's pretty close to in line folks okay it is a very strong number but the market was already looking for a very strong number okay personal consumption up 4 percent as we talked about and then on the core side pce excluding food and energy actually comes in soft at a 2.4 percent annualized rate versus 2.5 man the fed will take 2.4 percent all day long yeah looking ahead the durability of economic momentum in the fourth quarter will help the federal reserve officials determine whether to raise interest rates again many economists expect growth to slow in the final months of the year as borrowing costs limit purchases of big ticket items and student loan payments resume remember they kick they kick back in this month it's just starting student loans and that will matter to some degree how much we're gonna see but should demand stay robust it risks keeping inflation above central banks 2% goal and may warrant higher warrant tighter excuse me monetary policy it's pretty interesting the double-edged sword right many economists are looking for growth to slow but should demand stay robust inflation is going to be a problem so which one do you want do you want growth and you want demand to stay robust which could risk keeping inflation higher or do you want a slowdown which risks hurting the economy you want the goldilocks scenario where you want both right and i don't know if it's going to be as easy as many people see the data suggests inflation continues to dissipate is how they put it here the closely watched core personal expenditures price index okay that's the core we just talked about strips out food and energy 2.4 pace in the third quarter including those more volatile categories you were 2.9 a little bit about services when we get back the service sector inflation excluding housing and energy grows at a 3.6 rate a slight pickup from the prior quarter we got a lot of earnings to talk 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about excuse me up negative by 10 points right now but you're catching quite a rally up about about 30 points off of that pre-market session low we're trading right now at 4200 on the dot excuse me to talk about some of the action let's jump over to our man kevin hanks every trading day folks 12 noon eastern time fast market from the Schwab network right here on tiger tv check it out with kevin hanks tom white we got amazon after the bell today of course but worry we got a lot to digest with some of these gdp numbers and pce kevin hanks good morning good morning tom here brian yeah a lot going on this morning for sure big turnaround in bond have stocks feeling well a little better than they did earlier this morning and tommy it's interesting when you look at the number that came out for gdp 4.9 percent people are wondering how in the world can bonds rally off that number everyone thought you know five percent ten year yield was just a foregone conclusion on that number but they rallied and if you dig a little more into the numbers of the gdp you realize that the reason they rallied in my opinion now this is just my opinion it was the personal income column of gdp that made bonds firm up here and why and here's why tommy there's decelerating income in in the united states current dollar personal income in the third quarter was 199.5 billion compared to 239.6 billion in the second quarter decelerating personal income disposable personal income 95.8 billion up 1.9 percent compared to 6.1 percent in the second quarter real disposable income decreased 1 percent personal savings down from 1.4 trillion 1.04 trillion in second quarter to 769 766.9 billion in the third quarter so personal income decelerating disposable income decreased and savings decreased tommy and i think that is why you saw a turnaround of bonds even with a 4.9 percent gdp folks that's why you gotta check out fast market every day i appreciate those numbers given i was reading a lot about the numbers when they came out at 830 50 minutes ago and i didn't see anybody breaking down those numbers the way you just did man that was awesome i appreciate it i had the 10 year up here as you were talking we spiked to above 106 we're backing off a bit uh so we marched forward kevin we're coming into a fed meeting man i was talking about chairman paul you got a hot number out there in terms of the gdp number but you laid out some other claims in terms of some conflicting data it seems like so much of the data we get kevin not that there's something for everybody in there no matter what case you're making but boy what do we got now we got a hot economy out there but you just laid out the case on the other side that maybe we're seeing decreasing numbers on some of that consumer spending some of the consumer income we go from there how about the general market with meta shares last night kevin we had it spiked and higher i didn't talk to you since last more yesterday morning boy quite a day in the market yesterday given it up with some of those tech companies meta they give it up as well what do you think of the general feeling right now with quite a day in the markets yesterday we have we have real good numbers out of meta in terms of earnings per share but remember that three headed monster when it comes to earnings is the earnings per share it's the revenue and it's the guidance and they they they mentioned an uncertain outlook when it comes to fourth quarter and advertising spending with war go Ukraine now war possibly going on in israel uh in god there's a lot of uncertainty out there and so i think that uncertainty about revenue going forward has met it down well it was down lower it's only down about five dollars now as we get closer as as all the markets are firming up here tommy yeah it was interesting to see the volatility on meta last night and you laid it out well and and um yeah i mean they were talking about just uh some pretty strong words in terms of just uncertainty the advertising right they're already seeing some weakening of the israel um conflict even though they don't have a ton of direct business just the environment um they're talking about uncertainty so the market paid attention but boy we got the opening bell in seven and a half minutes we'll find out where supply equals demand with that in mind kevin i know you might be talking about one equity in particular on the program but what are you guys talking about our fast market at 12 today kevin yeah we've got an easy day in terms of uh names to talk about tommy obviously we'll talk about amazon we'll talk about intel and i think we're gonna we're trying to figure out the last one whether we go energy or chipotle so we've got a lot of names today amazon will be one intel will be one we're discussing right now what to do for our third name tommy but it'll be a good one for sure kevin i appreciate the time as always man i appreciate that breakdown of those gdp numbers some outstanding information for the listeners out there and uh we don't talk to you tomorrow man we talk to you next tuesday and boy like i always say on thursdays who know where who knows where this market will be by then but kevin i appreciate the time as always man we'll be watching the show at 12 o'clock today and we'll talk to you next week brother thanks for having me out tommy have a great day you too folks check it out you heard it they're talking three great stocks no matter what they pick for that third one man and check out amazon right got it up here in the thinkorswim platform i mean you talk about well off the highs right nothing compared to the likes of microsoft to the likes of meta in terms of how close those equities are to regaining kind of the the escalation to negative prices you had you got amazon amazon sitting right now solid 70 dollars off of the high that you made almost of 190 when you topped out in late 2021 at 188 65 in july you almost reached that level of 188 11 in november and then it was a one-way trip to 80 bucks almost to the beginning of the year so amazon's out with their numbers after the bell and you're talking about a company that's got about an eight dollar and 25 cent move priced in in either direction now it's going to be so interesting this to see how these markets react on the opening bell right you got meta shares as kevin said now looking at the short term we'll talk about meta i'll pull them up after the break maybe i'll get them up right now now what's so interesting here is you actually had like a head fake and then a head fake okay just zooming in on last night not sure what happened here at 406 maybe somebody thought they got the numbers maybe there was something that was released there not sure maybe if somebody in the den can help me out i was watching the markets and i said they got to be out right they got to be out you had meta shares drop from 300 down to a spike of 286 then it seemed like either somebody was trying to get ahead of those numbers somebody thought they knew what was going on the market figured out pretty quickly that guess what the numbers are not out you treated back to 300 on meta you got the initial news numbers you got a little volatility you held up there at about 310 and then what happened though the conference call at 530 is when they began talking about the uncertainty and you ripped from 307 down to 287.50 overnight and uh yeah since that nine o'clock i mean check it out this morning right you didn't catch a bid at 830 you actually caught a bid at about 850 this market was trading at 286 and just like that meta shares pushing 296 like that all right let's jump over to the meta headline why not we got about four minutes to go until the opening bell warning on economic uncertainty kevin talked about it you'll hear it today it'll be interesting to see how the market reacts um they are still spending heavily on virtual reality and ai and some of the language that they talked about in terms of the spending in terms of the losses that reality labs is going to lose um their losses are going to increase meaningfully i think is the verbiage that they talked about in 2024 which is a scary remark as well man um all right we'll finish this conversation up when we get back yeah how about expenses hundred billion dollars almost 94 to 99 billion dollars we'll talk about meta when we get back stay tuned folks we're coming back for the opening bell s and p is off by 10 this morning it's going to be an interesting one as this market digests a lot of economic numbers we'll be right back 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 keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options 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trade a little bit lower on the opening bell we get s and p is dropping from that 40 to 100 price point we're trading right now at 41 93 you got the nasdaq 100 trading 14 397 we're off about six tenths percent the nasdaq 100 dial basically flat this morning s and p is down three tenths percent right now and you get the rustle leading the way in positive territory up by half a percent crude sitting down about a buck 84 you jump to gold off about six dollars let's jump to yields great wrap up by our man kevin hake's man that data great to understand because that did not make it into many of the headline articles that i was looking at even listening bloomberg journal this morning there's a great wrap up in terms of what you have happening in yields we've seen a little bit of a pullback but you still got the tenure right now sitting at about 4.9 percent is where we're sitting right now at 105 27 in that tenure the third year up by about 12 ticks right now to 108 26 all right we jump back to meta let's see how they're trading on the open yeah they give up some of that gain you just got in the last few minutes meta shares trading at 290 you were trading at 300 coming into the earnings last night as i talked about so getting back to those meta shares numbers for a second now you know they talked about the revenue outlook is uncertain for 2024 and that's what spooked everybody and um this was the chief financial officer susan lee said on the call with investors and i think that's what spooked everybody i wonder what time she actually uttered those words that because i bet you could pinpoint it on the chart in terms of where things really started accelerating lower you do not want to hear a company like facebook talk about the uncertainty for company wide revenue right for next year and they talked about that they have seen weakness since the war since the middle east conflict broke up okay they've seen weakness and they said you know we don't have a lot of direct business in israel or exposure but we're seeing weakness basically industry wide in the advertising sector as people pull back a little bit a little bit uncertain of what's going to happen and how that's going to impact their business and what it's just like consumers man what happens man you get a little bit afraid you get a little bit uncertain what do you do you pull back okay so that's what they talked about so it's going to be interesting to see where this equity goes and there you go you're trading lower even with the s&p holding 4200 meta shares trading lower on the open you're off by 3.7% right now now here's the other thing i'll talk about that came out last night and i was not listening to this earnings call okay so i don't know if they talked about this or maybe it was just included in in their announcement because this story is out there at 420 last night 420 our man elon uh which was prior to their earnings call so this was probably put out somewhere um sorry that's not the one i wanted this is the one i wanted because that is again talking about slide after a warning on economic uncertainty okay but this talks about their drug approach now i have seen a ton of these ketamine mind bloom advertisements have if you guys seen this anybody scroll facebook you scroll instagram i think i see it on instagram more often um mind bloom okay let me see if they talk yeah mail order ketamine companies the world is changing pretty dramatically folks uh and so what this article talks about here and remember the ethics board that facebook puts together so they have recommendations but facebook is not beholden to them okay so this is going to go into the politics of next year which is why i bring it up right they love to create this ethics board that they've created okay that's going to help them guide difficult ethical issues except for when zuckerberg doesn't want to listen to them and then he makes the call that's the kicker of all of it okay so the board found inconsistent enforcement of drug related posts and they are going to ignore facebook is going to ignore some of its own ethics watchdogs advice to tighten up its oversight of drug related posts and a decision with widespread ramifications of how people learn about psychedelic drugs i don't fall one way or the other on this okay because there are a lot of natural pathogens that can probably help people a lot better than being on just regular drugs from the big pharma companies okay i mean one of the things that they're really looking into is psilocybin right the active ingredient in mushrooms um and how that can possibly treat depression out there so there's a lot of stuff you know i mean you get into cannabis of course that's its own deal but i'm i'm not all for just limiting that information because there's a lot of stuff out there right in terms of even you talk about mushrooms man people just they just compartmentalize illegal drugs versus legal drugs and there's a very fine line between the two folks and many times you're seeing the legal drugs have the worst repercussions possible in terms of getting hooked on painkillers right depression meds that really just aren't doing the job that you want them to do nonetheless it is interesting when you look at their own oversight board is meaningless that's the reason why i wanted to bring this up the most their own oversight board is meaningless and i bring that up because we are about 12 months out from a presidential election okay and this oversight board got a lot of attention in the beginning because of politics more so and i just want to bring it up that even though facebook tells you that don't worry we got people on the case right we got an ethics board that make sure that we're following strong ethical standards unless we don't want to follow them that's the kicker so this had to do with a post that was on ketamine describing it as quote-unquote medicine and a magical entry into another dimension that's probably where things get stretched a little bit they removed the post they reinstated it it became a issue the board overturned the decision to leave it up and made more sweeping recommendations okay they should audit what the board called inconsistently enforced policies against selling and promoting illegal and recreational drugs okay now facebook said it's going to take the board's advice and i guess this was last week but it's all coming out for their news event saying it will take the board's advice to clarify paid partnerships okay however the company's ignoring the board's guidance to hone policy on what individual users can post about drugs that provide a high but also can be used in medical settings that's a category that covers ketamine often prescribed for off-label use in clinics and potentially other psychedelic drugs probably talking about psilocybin included in there with many others nor did medic commit to the audit that the board urged saying it will only assess the fee feasibility of doing so in 2024 it cited machine learning automation that can already find content that violates its policies well if that's the case what's the board even looking at it for right medic's decision follows comments from around 15 parties not all of them made public one of them was from mind bloom a telehealth company that works with psychiatric clinicians yeah clinicians uperscribe ketamine for home use and had lobbied from meta to allow post related to that and other psychedelic drugs and there's a lot of value to that folks okay i am not familiar with ketamine and how that works and the efficacy at all okay but limiting that can have harsh consequences as well what i found so amusing about that though is that remember all the rhetoric when they set up this ethics board right they're going to make recommendations they make them directly to zuckerberg it it's a meaningless pr board okay and when they don't want to follow the recommendations they don't follow the recommendations and you're going to see this play out in politics which is why i bring it up um because it's almost politics season man it already almost is s and p's holding pretty steady at 41 96 meta trading lower right now we'll check out some of the other equities with their numbers when we get back folks stay tuned 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 basal 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 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be utilized only by sophisticated investors such as traders and active investors distributor for site fund services LLC 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 tiger's 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 bryan 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 tiger's 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 and 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 program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz welcome back folks we got the s and p is trading above 4200 right now but meta shares not stopping you're a five point three percent right now not sure what gave this thing a lift pre market but boy you talk about some volume on the opening bell and you know i know i talked a lot about that ethics board and that just is intriguing going forward but uncertainty for revenue for the entire fiscal year having to do with middle eastern wars and the market is paying attention to that let alone what we had going on yesterday in the likes of google shares right google off one point five percent now it's just hanging out where we were last night strong following metas pullback but if metas seen it google's going to be seen it okay that's that's the full side of this thing in terms that you had google shares spike lower on their numbers tuesday after the bell and they actually traded from 132 down to 126 just in today yesterday let alone the 141 price tag you ended tuesday just in today you traded from about 132 to 126 this morning we hit a 123 handle right now we're trading at 124 41 i was talking about in my program yesterday man microsoft's its own animal and i think the market figure that out i'm gonna i'm gonna i'm going to coin that phrase man because it is you know they are at the forefront of a lot of things right now their investments in open ai paying dividends no pun intended and the other tech companies are going to find it very difficult to mimic the growth that microsoft has put together across the board right now especially when it comes to azure when it comes to cloud etc you saw them as google had you saw the beat microsoft had let's see how amazon is trading coming into their numbers basically flap now you are pushing 130 at the close of action on tuesday you're trading at 120 right now so expectations trimmed a bit amazon we jump over to the earnings tab you're looking at about an eight dollar and 78 move priced in for their earnings after the bell tonight as this market catches a little bit of a bid only down about seven points in the s&p's right now nasdaq 100 off by about a third of a percent we keep our eye on meta shares trading at 284 right now for meta all right what else we got well we'll talk a little bit of drugs since we were talking some drugs with facebook we'll go to the legal drugs murk beats expectations on strong ketruda sales and surprise covet drug growth and that is one of their blockbuster cancer drugs yeah ketruda so their hpv vaccine garter cell and covet drug leg of real not sure uh nonetheless they're looking for a full year sales forecast it's a big number man 59.7 billion to 60.2 the guidance they provided in august had a high range of 59.6 so they basically upped the range by about a billion dollars on the lower side and the higher side they lowered the adjusted profit guidance to a buck 33 to a buck 38 from previous forecast a 295 to 305 but that updated outlook reflects an upfront charge of 5.5 billion related to the company's recent drug collaboration agreement with daichi senkyo not familiar but nonetheless earnings 213 versus a buck 95 they beat on revenue out there as well net income 4.75 billion and let's jump over to murk mrk is their symbol there you go up by about 2.4 percent on their numbers we jump over to some of the car makers for it they reach a tentative deal to end the labor strike looks like for it's going to be the first one out of the gate man for it in the united autoworkers reach a tentative deal to end the labor strike it's been about six weeks 25 percent pay increase over the terms of the agreement it's going to cumulative cumulatively raise the top wage to more than 40 an hour including an increase of 68 percent for starting wages to over 28 bucks an hour it also includes read statement of cost of living adjustments a three-year path to top wages and a right to strike over plant closures i mean that's always a big one right there's a lot more that goes into things more so than the headline number many times i've talked about it my mom worked for Verizon she was a union employee man she was out there on the picket lines a couple times during her tenure when they struck and what they would do i understood it because of my mom being in there explaining what was happening man and one of the things that Verizon was doing is that they were closing down customer service locations forcing those employees to then work at a different location so they weren't firing you all they were doing was they were just closing down one business and saying no you still have a job you just got to drive about 45 minutes or an hour every morning to get to your job instead of driving 10 minutes well then what happens maybe they closed down the next one they said no you still got a job the location we need you in is just 90 minutes from your home now instead of an hour and you can see how in the same way that's the ability that they have to put some pressure on the employees so nonetheless you see that get done look for forward potentially have a tentative deal with the UAW i wonder how some of those other companies look how they give it up though right gm up by about 1.2 percent right now forward up by about two tenths percent we check in on apple the big dog haven't looked at them yet down about three tenths percent meta shares continuing to drop with the 283 handle right now basically a premar at intraday session lows all right what else we got i talked about it's like one out of three companies in the s&p folks report this week it doesn't get much bigger than this week southwest slows 2024 growth as travel demand moderates what says who says southwest southwest of the plants to slow its capacity growth next year moderating travel demand as booking patterns shift back to pre-pandemic norms or almost four years after the pandemic maybe it's a five-year phenomenon uh net income in the third quarter dropped 30 percent from a year earlier they expand will expand their flying between between 10 and 12 percent in the first quarter of 2024 down from a previous forecast of as much as 16 growth it expects to grow between six and eight percent for the full year in 2024 it said that an earnings right in line revenue just to barely miss pretty much right in line so the forecast unit revenue the amount an airline brings in for each seat it flies a mile would drop between nine and 11 percent from a year earlier in the fourth quarter with capacity up 21 percent so what do they've done they've increased capacity and they're losing money per seat that's why these airlines loved flying small right they had they were they were making so much money because they're flying less flights and they're making so much money per seat and things are moderating now is that is not quite the case uh and you jump over to southwest and they are down about one percent to kick things off this nasdaq's escalating man to the downside we got session lows almost right now at 14,362 what else we got up here we check out Comcast CMCSA down 5.8 percent and some decent numbers man to be a public company you talk about a high standard man Comcast lost 18,000 residential broadband subscribers but it gained almost 300,000 wireless subscribers peacock added 4 million subscribers and 830 million in revenue now percentages on small numbers can be deceiving okay oppenheimer became the highest grossing biopic of all time bringing in more than 900 million in the box office revenue still theatrical revenue fell 25 the quarter from a year earlier but nonetheless they trade lower man even with oppenheimer even with some good games you got Comcast down almost six percent markets trading in the red stay two folks 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stocks that are really trading meta continuing to trade to lows we're at 281 right now you made it to 279 40 you're off by 6.2 percent and keep in mind that's off 6.2 percent closing things out at 300 you were just trading at 315 on tuesday okay so you are 35 dollars off aware this thing was trading out on tuesday which is what 11 to 12 percent haircut now 11 to 12 percent is not that big of a deal when this thing is up about 150 percent right even more than that you enter the year 115 yeah we're still up like 150 percent for the year still trading at 281 remarkable let's check around some of the other fang stocks as i mentioned amazon with their numbers after the bell today they're off by 2.2 percent right now kevin mentioned one of the companies that they may be talking about on fast market chipotle mexican grill you want some volatility premium percentage wise not too surprising but numbers wise 113 dollars is priced in an either direction you got an 1828 dollar stock for chipotle they're out with their numbers after the bell today as well we jump around some of the other fang stocks see how they're digesting some of the action of yesterday we jumped to microsoft shares yeah i'm even microsoft giving it up look at this man microsoft is only up four dollars from where they were when they announced their numbers on tuesday man it's gotta be frustrating sometimes to be a public company google yeah you're off by another three percent man google just gave up 15 percent from where it was trading at on tuesday watch out folks let's jump to navidia navidia did not like to hear that google might be trimming how much they're going to be spending on ai yesterday you traded from 435 to 400 this morning you give up those gains we're off by 1.4 percent stay nimble stay quick folks it's going to be an interesting day and we'll finish it up with meta why not 282 40 meta shares off by 5.7 percent as we got the s&p's off by about 20 folks thanks so much for starting your thursday morning off right here with me at tfnn stay tuned we got our man basil Chapman he's in the chair he's getting ready he's coming up with the tiger technicians our next the day is young nature basil have a great day we'll see you tomorrow