 of tea 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 what Alan Tampa hey Al what's going on oh it's a beautiful thing I mean if your listeners don't get the gold report they're missing out I mean you with your goal report you just printed money I love it you're my best dad out there out let's go to Jeff and New Jersey hey Jeff what's going on great hey listen I was calling to thank you a few weeks ago you were prompting on your show to fill out that $10,000 grant yes so I filled it out and just a couple days ago I found a thousand dollars in my business checking account that's awesome man that's awesome yeah I owe it to you because if it wasn't for your prompting I would have just assumed you know no way I would have gotten anything so I wanted to thank you no we appreciate you growling a problem let us see it now Tom O'Brien welcome folks this is Jacob Shoop filling in for Tom O'Brien he will be back Monday take a look what we got going on well first it's 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 0.42 percent we have the Russell Futures trading up 2.37 percent NQ's at 0.16 Dow futures at 0.7 we have gold gold has made a phenomenal move recently currently trading at $2,089 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 based 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 0.78 percent right now copper contract up 1.62 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 238.44 Elon made some big headlines recently regarding his visit to Israel prior comments regarding that situation and then what he's 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 and you'll 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 is trading at 389.78 Google at 133.16 Meta at 324.78 and Apple at 190.110 all right let's talk a little bit about the crude oil I spoke 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 gonna 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 and 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 a 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 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% close 7596 per barrel at the Brent crude international benchmark price settled at 82 83 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 they just believe and that would obviously dampen kind of any expectation for Venezuela I would say getting into the world scene 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 do they oh yes look at Pfizer so okay 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 had a stock 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 tune will be right back when I talk a little bit about that and also talk about some of the side effects with will go v and no those weight loss pills while folks a tune will 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 4x report Teddy keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly tiger 4x report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound 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with the tiger stand available to all tigers and tigers is for just $1 for the year there's no cash or added costs when you join our community of traders in the tiger stand 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 is as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the Tigers Dan 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 toll free at 1-877-927-6648 internationally at 727-873-7618 welcome back folks before we went to the break we're talking about Pfizer they're down 5.48 percent today their weight loss pill is being discontinued it's not going to reach phase three of clinical trial so that will not go to market I'll talk a little bit about that just more before we move on of course you have Novo Nordisk which is Wagovi and Ozempic I think Eli Lilly's is Manjaro what Pfizer was doing is they had something that the mechanism was similar to Novo Nordisk's pharmaceuticals right it blocked some kind of enzyme in the gut excuse me producing enzyme in the gut and that mimics when an individual is full what happened is people were taking this it was statistically significant the weight loss compared to placebo but what occurred was a lot of adverse side effects this is something I've I've been concerned about with like Wagovi and Ozempic right you have you know muscle wasting from some of these drugs I know hair becomes brittle in some circumstances so it stands to see how long these kind of stay on supposedly Novo Nordisk's didn't have as many issues in in trial as Pfizer's did so it kind of stands to see but it's very interesting I think just to kind of talk about folks before we go on we are in December in every December we do the TFNN holiday tiger dollar sale you take a look over here such what these are you can buy these these go towards any product service or newsletters that you buy from TFNN for $500 you get 600 tiger dollars there's a hundred bonus 20% $1,000 gets you $1,300 tiger dollars it's a 300 bonus or 30% and then 1500 to 2100 tiger dollars $600 bonus 40% bonus on that so essentially you get the easy to get automatically applied to your account and you can use them towards all purchases on TFNN and we got you tiger mugs as well and now we've been working in the lab to figure out the most efficient way to mail these to people to get you into one piece and I think we found it out so you sign up today get some of these tiger dollars whichever one makes sense for you you get a little bit of some bonus money going towards any kind of service newsletter to get and you get a great tiger mug that is cobalt blue for the people asking out there so I'll throw this in the den as well at the end of the show today if you are interested we'll search back into talking about from some pharmaceutical companies ABV and immunogen have blown up recently let's take a look first at immunogen so we had some high I mean that's pretty significant movement right get higher on the last day of 1661 some massive volume really woke this stock up going all the way up to 2944 we were trading at 2916 currently what's occurring is that ABV is buying immunogen for 10.1 billion and that's giving access to immunogen's ovarian cancer treatment it's pretty solid we take a look at ABV right now as well so some decent leg up as well not on such immense volume but for Minogen holders that's pretty solid Minogens share skyrocketed over 80% early trading Thursday after ABV agreed to buy the rival biotech firm for 10.1 billion to expand its cancer drug portfolio the agreement will have ABV pay at 31.26 per share for immunogen a whopping 96% premium to the closing price yesterday the transaction is expected to close in the middle of next year and ABV noted that it expects the deal to be accretive to earnings per share in 2027 the acquisition gives ABV immunogen's flagship cancer medicine a leheri a antibody drug conjugate to treat platinum a resistant ovarian cancer okay so that's pretty big pretty big news for people who are holding immunogen I know some people in the den talk about it give great insight to that again I say it every time but if you are not in the den you got to get in it it's $1 you know you don't have to let it bother you throughout the day but it's just some really great insight going on there I know Tom was talking about some ABC movements in the spy as well so you know you want to get in there and kind of check that out all right so some big news with what happened with Black Friday is a lot of people spent which it was kind of surprising to me actually in record of 200 million shoppers turned out between Black Friday and Cyber Monday this is according to the National Retail Federation this season holiday spending is expected to reach record levels totaling 966.6 billion and that again is the National Retail Federation projecting that now you're kind of asking right like things are getting tight okay consumer prices aren't necessarily coming down in such an extreme way we'll talk a little bit about that as well one of the senators from Pennsylvania actually released a paper I think it was a few days ago talking about kind of how these consumer prices aren't going down you know we hear things from everywhere how people are using credit to keep buying food or buy extra stuff so what's going on what's this is being called you know throw this article over here is doom spending okay actually do see a lot of people my generation generation doing this it's like a way honestly to cope with stress I feel like people engage in this right obviously it's not good discipline with your personal money management but it does occur right what do they call that when like shopping therapy or something like this I know that was pretty common throughout you know the past decade it's kind of like a meme online but we're kind of seeing it expand and this is what some of these researchers are seeing this kind of purchasing during this holiday season as okay so consumer spending has remained remarkably resilient in the face of some stiff economic headwinds nearly all Americans 96% to be exact are concerned about the current state of the economy and that is occurring to the recent report by Intuit credit karma still more than a quarter or quote doom spending are spending money despite economic and geopolitical concerns that the report found even as inflation and high interest rates have squeezed budgets this is what we're talking about just a moment ago a record 200 million shoppers turned out between Black Friday and Cyber Monday expected this holiday season to spend almost a trillion dollars geez much like doom scrolling we're seeing people mindlessly shop to soothe concerns about the economy and foreign affairs which could take a toll on their financial well-being even as credit card debt tops 1 trillion Gen Z and Millennials are particularly susceptible to this mindset other reports show rather than cut expenses 73% of Gen Z years say they would rather live in the moment okay this is super interesting me why haven't we seen this with past generations right like my great-grandparents went through the Great Depression that was I mean my great-granddad was in like breadlines and stuff like that outside of Chicago and that's just like as dismal as you can kind of get right we're not necessarily there yeah of course not it's not even close we saw food if things are very expensive it's maybe hard to buy homes for a lot of people you know maybe there's a lot of you know offhand purchasing except like that excuse me off off market purchasing but it I I wonder like the psychology behind all this like why my generation and the guys below me do this kind of stuff and I don't know if it's that we were kind of raised I think like I look back to my childhood and you know it was still like we would still go outside and play around and everything like that we had that but so much of what we did was so many experience we had we're kind of behind paywalls right like we had to buy Xboxes and buy video games ever parents do that you know we bought tickets to go places I know that's that's been the ticket point has been around for a long time but I wonder if like we've somehow associated the concept of like being cozy and comfortable with with consumerism essentially I don't know if that makes any sense I'm kind of just hashing that out as I'm thinking about it but it's interesting nonetheless especially with Gen Z Millennials not really having that much money to see them spending more and more is pretty intense folks they too will be right back 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sorry I was just getting an article set up here let's take a look first you know we're talking about prices consumer prices still remaining somewhat high right they obviously have come down quite a bit one of the senators from Pennsylvania this year he released a report okay now I think there's probably some maybe like political bias in in the reports which you know just as as an individual you have to kind of pick through and see which one to take and keep but some of the numbers are there and I think the models are interesting and he's saying this is Bob Casey he's saying that greedflation okay essentially when corporations are still raising the prices of some products even if the the input on those products hasn't really increased is causing a lot of extra expenditure for American families at least in Pennsylvania families I'll put I'll put the whole release in the den it's a PDF but I just I thought this was kind of interesting you had a lot of larger companies speaking about this excuse me larger news outlets speaking about this as well you see an average family leases least in Pennsylvania paid $31.94 in 2021 and $3,546 extra in 2022 and he and his group are claiming that this is just from corporate profiteering I can put the whole PDF in it it's just interesting to talk about not really giving credence to him or his you know position or cabinet or whatever of course I live in Florida so I don't know much about him but I thought it was kind of interesting that we have some senators posting stuff like that we'll take a look here let's take a look at Apple first so we have some news coming out with them that they are reportedly discussing bundling with Paramount Plus to create kind of a competition against Netflix Apple's training at 191 15 currently it says it's in a mood that might send shock waves to the streaming industry quote-unquote Apple TV Plus and Paramount Plus might be joining forces take on the fight to Netflix I I just you we've had a lot of companies coming out and trying to get into the streaming game you know you had Peacock which is one that's kind of gaining traction now to be was interesting if you haven't heard of that basically what it does is just offer a lot of free like B-list movies from like the 70s and 80s you know some modern ones as well and that's a unique take on some things but I just think I get nervous seeing some of these new kind of streaming companies come in because I just think it's really hard to compete I mean you look at Disney they did pretty well initially with Disney Plus but you know they've been having some issues with it going forward right and you kind of has this question I mean it's expensive to subscribe you know to Netflix Hulu HBO Apple you know Disney all these you see what I mean it just becomes just kind of pricey at a certain point where you're gonna have a lot of people who are just gonna select you know one or the other right and so this might be an interesting move for Apple TV at least to kind of kind of bundle up essentially people familiar with the discussions reportedly told the Wall Street Journal that Apple TV Plus and Paramount Plus aren't just looking to compete against Netflix itself they're just essentially also looking to kind of dominate the rest of the market entirely so I think it'll be kind of interesting to see how that plays out I don't know if this is gonna just be a massive kind of money sink for Apple and Paramounts I still think Netflix is extremely dominant they've been spreading out to you know it's really their original releases that they're doing I know in India you know the most populist nation on earth they have Netflix India and they're making very unique kind of shows that are targeted directly towards that demographic there which you know is massive for the bottom line of that company as a whole it's kind of interesting to talk about you pull up here and some other news as well we have Google and Symphony unveiling there's an AI now to help banks manage voice calls and compliance risk which I think is also pretty interesting we're still moving forward with really intelligent AI I have some friends one of them is working on kind of just like a general bot he ripped like an API from chat GPT-4 and it kind of takes like a little bit of restrictions off of chat GPT if you will right another guy we know he's been traditionally like a network admin and security professional but he's training AI now for a very large company and he's saying this kind of stuff the potential one I mean for people to kind of you know lose their jobs but then to to generate even more income for these companies is massive let's take a look a bit at this a little bit Symphony the markets infrastructure and tech firm is teaming up with Google to ramp up its voice analytics offering to banks and investment firms the US Securities and Exchange Commission has imposed more than 2 billion in fines for missteps in this space largely linked to the failure to track or record business related text messages sent over unauthorized platforms during COVID-19 lockdowns as the sector wide crackdown on messages and emails reaches a climax financial firms are now bracing the possible probes into their usage of voice and video calls so essentially when you apply this AI ideally it doesn't make all the same mistakes as your analysts do so that's kind of interesting to see that move forward and I really think to you know Google has done this a little bit with Bard but even one that you know my two buddies are kind of working on what it does is you know it with chat gpd4 you kind of have to talk with it right like say you wanted to act like a certain person you have to constantly remind it you have to constantly train just this one session because it doesn't have to carry over memory of anything that's going on you train this one session to behave a certain way right so you know like when I'm studying for stuff like you know in networking or cybersecurity right and there's not like there's a constant kind of having a difficult time with or like say I'm trying to like run you know let's just say like just test the security of a system right and maybe I'm not entirely sure I want to go about doing that I asked chat GPT right chat GPT doesn't want to give me that information because it can you know be used in a negative kind of way you know from bad actors and so what using this GPT API does is essentially takes that off to where it'll kind of just tell you what you want you can make these individual kind of units always forever behave this specific way instead of every time coming back to a new session going through the laborious process of trying to get the AI to behave how you want and then you know only to lose that when you're all done which is kind of interesting to me I think and and really going forward you know you look at this from like you know a personal perspective right you know having a personalized AI that can help you you know figure out maybe what you're spending too much money on you know figure out maybe what decision is the best one to make and kind of a new realm I think is is really interesting and I think we're gonna see that a little bit more with Bard going forward and having AI assistance in businesses is obviously massive as well because you kind of cut down on on human air right which I think is is interesting we'll talk here about US home prices we have the growth at least for September at 6.1% the FHFA home prices rose 6.1% on a year-over-year basis in September from an upwardly revised 5.8% increase in the prior month on a quarterly basis annual house prices increased 5.5% between the third quarter of last year and the comparative period this year home prices rose 2.1% in the third quarter compared to the second quarter of this year reflecting the reacceleration since June that has taken place following a period of softness in the market okay and we are seeing decrease in mortgage rates as well you have a small drop still you know it's to see if this is really going to latch buyers on we'll talk a little bit about when we come back and the average rate on a popular 30-year at least right now has gone down to 7.22 from 7.29 obviously you have the 10-year yield going down as well but you had some fed conversation that rate hikes might not be over yet and it's premature to talk about cuts folks will be right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money-back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors biotech is booming but for how long whether you think 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program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ welcome back folks talking a little bit before we went on the break that it might be uh kind of quote premature to conclude um that uh rates might be going down this was from uh Jerome Powell earlier today or read through this a little bit he offered new warning to investors who believe the Fed is finished raising rates and will soon pivot to cutting saying that central banks need to see more evidence that inflation is on its way back to the Fed's two percent target this is a quote he said it would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance or to speculate on when policy might ease Powell said that earlier today the comments follow fresh read on the Fed's favored inflation measure the core pce index that showed inflation continues to slowly come down the core pce clocked into 3.5 percent for the month of october down from 3.7 percent in september again continuing a downward trend from 4.3 percent back in june yeah it's interesting one of the things he also said which i thought was unique because i don't think the fed usually talks about fiscal policy but he said that we're currently in an unsustainable fiscal path as well which i thought was interesting um obviously debts increasing compared to like total gdp you know numerically speaking and i was curious of like what that was coming from and i did find a report from the treasury now this is an executive summary from the fiscal year of 2022 this financial report uh the u.s government and have the same headline is an unstable excuse me unsustainable fiscal path uh this is basically just saying we're trying to have you know citizens under kind understand what we're talking about the go here to say uh this report presents data including debt as a percent of gdp to help readers assess whether current fiscal policy is sustainable the debt to gdp ratio is approximately 97 percent at the end of fiscal year 2022 down from approximately 100 at the end of fiscal year 2021 a long-term fiscal projections in this report are based on the same economic and demographic assumptions uh that underlie the s osi so then they say the current fiscal path is unsustainable to determine if current fiscal policy is sustainable the projections based on the assumptions discussed in the financial report assume current policy will continue indefinitely okay the projections are therefore neither forecasts nor predictions nevertheless the projections demonstrate that policy changes need to be enacted for the actual financial outcomes to differ uh for those projected post this in the den too this is the chart five here uh historical and current policy projections for receipts non-interest spending by majority excuse me major category net interest and total spending expressed as a percentage of gdp primary deficit is a difference between the non-interest spending and receipts the ratio of the primary deficit in the gdp's use of regaging long-term fiscal sustainability essentially just our debt ratio is really high uh to to total gdp and they're saying if nothing changes on the long term uh that that is apparently unsustainable okay i i know that's a conversation a lot of people have um you hear it on different news outlets probably hear it on facebook too from people um but it was interesting uh you know seeing this treasury report on it and then also hearing like pow bring it up today as well because again i i'm not sure that uh federal reserve usually talks about fiscal policy anyways i thought that was kind of neat um to read a little bit about and and see some just more insight it's so good when you can actually you know i i mean find something from the actual source right instead of listening to someone's opinion on it of course that that has its positives as well but um there's so many like talking heads nowadays that have uh different motives for why they're telling you something so if you can read it you know from the actual people themselves uh i think that's that's really awesome and it's out there you just kind of have to look for it um a little more so let me see here okay we'll stick with some tech news as well that i wanted to talk about um we've had a chip ban going on in china it's it's really being enforced recently as well and so huawei is trying to figure out a way uh to try to you know essentially be self-sufficient this is one of the big things that covid showed us is that uh some of the ways that the global markets um are kind of integrated can sometimes be national security issues right and i i talk about that a lot at least with huawei here saying they're allegedly building a uh self-sufficient chip network using state investment funds and the bloomberg's report suggests a semiotic relationship between huawei and these enterprises we've seen huawei surprising strides with the recent smartphones especially the in-house 7 nanometer 5g processor within but apparently the company has been working on something far more significant to bypass the us import ban uh excuse me import ban according to the new bloomberg investigation the shenzhen city government investment fund created in 2019 has been helping huawei build a self-sufficient chip network such a network would give the tech giants access to enterprises most notably the three subsidiaries we don't need to really know the name about uh lithography especially the high-end extreme ultraviolet flavor would usually have to be important to china and this is what you see coming out of uh you know say the netherlands right that's currently restricted by okay us netherlands and japan sanctions huawei apparently went as far as transferring about a dozen patents to c carrier as well as letting c carriers elite engineers work directly on the sites you know and and to have it is you know to kind of like say what it is as well um during covid there are a lot of uh examples i i know that fbi was releasing kind of documents uh that there were um basically ccp agents um in mainly academia um some media and some financial institutions right they had a whole board on the fbi's kind of most wanted list for it i thought was interesting and i think this level of corporate or this level of espionage also you know kind of resides in this corporate layer as well right um if they have ways they can talk to people um you know who work in lithography and are at the top of say like asml or something like that although i would suppose that that's pretty you know secure right um you know there's there's no reason that they couldn't kind of replicate something even if it's not as good right still stay ahead of where they would have been you know had they um essentially not done it right if they just kind of laid down and took the bands essentially uh bloomberg sources claim that huawei has hired several former employees of digital lithography specialist asml to work on this breakthrough i would it's kind of amazing again that there's not like a non-compete with that um i don't i don't know if they're just kind of doing that off hand and not worrying about uh kind of you know implications of broad you know if they're in china i'm supposing nothing would really touch them that way but still uh to work on this breakthrough the result so far is allegedly the seven nanometer high silicon cure in nine thousand s processor and that was what uh was being used in the huawei phones that kind of um you know blew the lid off recently when it was released and that's the mate 60 pro so it's interesting to see this kind of moving forward and if in the future we will have to compete uh with china on a chip level you know that's such a major driver uh not only of technological innovation in the west um but also of profit in a lot of these companies as well so i think that's kind of interesting and important to note just on like a macro level uh in general and talk some more about disney we'll move over to here we're trying to get 92 50 a lot of people were contributing kind of the down tick we saw recently uh to elon musk's comments directed at bob eiger uh hurling some expletives at him it's interesting right so bob eiger's back obviously are we still on here yeah okay perfect and mike made a noise uh he's back on here and talking essentially about what they need to do to kind of pivot going for it right so their movies have made huge amounts of income you know talking with uh star wars and marvel he's saying that we've traditionally we as in disney have been traditionally too focused on getting a message across and not storytelling which i think is a unique pivot especially for a company as large as disney in this kind of cultural climate folks stay tuned we'll be right back for a short segment are you ready to take your trading to the next level introducing tom o'brien's award-winning newsletter market insights your key to 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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 let's take a look here we have the es mini trading at 0.49 percent up the russian futures is up 2.95 percent and q up 0.16 percent kind of just a little bit sideways from where we're at the beginning of the programming but we're going to be up for the day if we close that way it's pretty interesting movements and everything i wonder yeah i'm curious if we're going to see a pullback like next week going in obviously if consumer spending is going to continue to go up as it's projected from the articles you read earlier nice to see a nice rally in through the the rest of the year especially if people really are shelling out that much cash before we went back excuse me before we went to the break we were talking about disney a little bit in a new pivot that bob eiger is trying to go towards you basically said that the movies have been far too focused on messaging right so getting across some certain kind of cultural concept and not the traditional storytelling right which again i think is actually a pretty it's got some chutzpah i guess right to kind of say that in this you know kind of setting we've seen especially for the past few years really trying to push a certain kind of you know cultural ideas and everything like that and that's been lauded and criticized by a lot of different people so you have eiger kind of sitting here and we're going to pivot back is what he's saying to better storytelling he said that creators lost sight of what their number one objective needed to be it's goes with the entertain first and then you know messages comes later that's not uh you know that's not what disney's supposed to be right it's just storytelling it's interesting to see if kind of these like endeavors will actually you know put a floor back under disney obviously there's a lot of issues going on with arguments between the florida governor and that had such political overtones with it obviously and then people criticized a lot of the movies for having certain political overtones whatever those may be um and i don't know how much that actually you know kind of plays into disney stock being sold off but you know it is to say we're trading at 95 from a high of you know the high 100s so be interesting to see if that pivot pays off in the next five years or something like that folks thank you so much for joining me tom will be back monday i hope you all have a great and safe weekend if you're somewhere where it's cold stay warm and florida just hang in there we'll get to there soon folks have a great weekend