 Brian who welcome folks. This is Jacob shoot fillin in for Tom O'Brien I hope you all are having a wonderful day a lot of news coming out Let's take if look first just the market's doing right now and the ES mini we were at 5051 so still in that kind of sell-off Sweet levels we can get you in at the Russell down about point twelve percent currently tree at 1959 the NQ's at 17,000 574 and the Dow futures back up that 38,000 level It seems you know probably to finish out the week. We're still going to be down Looks like they will finish down and then most likely tomorrow that trend won't change We have some news coming out as well regarding retail sales and they are up and That is not always a great sign for inflation So we'll kind of see how all that works out and what the market kind of thinks the gold contract trading just below 2400 or 2398 of course we had a pretty big rise on it and a few down days, but that's kind of to be expected as well we have such a Increase that gold is seen silver at 2839 and then copper man up two percent today. We're at four dollars and 42 cents Which is awesome. This is making super highs which is great for that contract crude oil Of course down at 80 to 14, which is super nice We had a we had more supply than I think people had anticipated even I think it's today But US government is reinstating an embargo on Venezuelan oil. I've talked about this a little while ago the whole idea was that if they were going to promise free elections or whatever That they would lift the embargo. Well that lasted for a little bit in the Maduro decided just to jail his opponent You know old habits die hard, right? We have Tesla right now trading down to 75 trading 2.75 percent at 151 11 Of course a lot of people got fired and then you had An investment bank come out and say that the robo taxi focus is not what Tesla needs to be doing I also think as well you Elon Musk is such a polarizing character and he definitely did go after Some what influential people And I think to an extent that there there are politics involved in that but but overall you know, they have some operational issues of course the Competition they face from China going forward is is massive and Elon did you know kind of underline that So I think there's a lot of different things kind of going on here with Tesla Still dynamics at 136 10 it down 2% today in the dollar at 106 13 Let's take a look here at TSM So we're down about 5% today. So what's going on? So the first quarter profits rise at 9% and that beats forecasts Obviously, this is Let's see here All right, so from January to March net profit rose 6.98 billion US dollars That's up quite a quite a good amount in Taiwanese dollars. It was 225.5 billion up from 206.9 the profit beat estimates Which is weighted forecasts that they had it going against it This is first quarter revenue rose 13 percent year-on-year to 18.87 billion But other than the company's previous forecast of 18 billion To 18.8 the company last week announced first quarter revenue in Taiwan dollars It was good. Why why are we down if they're beating estimates? Well, essentially what they said is they're seeing a future where iPhones and PCs are gonna kind of go through a Little bit of a downturn. They're not gonna be producing as much and that's you know gonna impact the company quite a bit So we're seeing kind of you know 5% drop here I still think you know and I honestly I am looking at it. You know somewhat significant volume as well however, I think You know this this company is gonna stay and the semiconductors are gonna state regardless of what it is whether it's training AI Whether it's going into all of our little devices These companies will remain and it might be an interesting, you know, obviously I always say take your analysis on it I always really suggest reading financials as well, especially if you're gonna be a long-term holder of something But I think TSMC is Solidified in the market and they're not going anywhere and this might be an interesting by opportunity as well Now, of course the heavy volume is interesting. You could also say this is coming from You know people have been holding the bag around this level, right and you get this news Okay, the first next quarter might not be so great Maybe the quarter after that might not be so great. So why am I holding this thing? I've been riding it for the whole time and maybe I just want to take some profit on it This could be what's going on with it. So So what interesting to look into with that we had Blackstone, they have done quite well So let's take a look Blackstone earnings rise is the value of investments climb right now, of course, they are down They reported a higher quarterly earnings as the value of investments rose across its major strategies The private equity at Giants infrastructure portfolio led the way climbing 4.8% in the quarter due in large part to big bet on data centers Blackstone's private wealth business has the highest inflows since 2022 Ranking in 8 billion as a resurgent public markets gave investors the renewed confidence And wherewithal to invest in private markets, of course, these are also, you know relatively safe investments too that Blackstone gets into That income was 847.4 million or a buck 11 a share And that was nearly 10 times the 85.8 million it earned in the first quarter of 2023 Distributable earnings were 1.27 billion this item totaled 1.25 billion a year earlier Blackstone raised 34 billion A large portion of that brown 60% came from credit strategies and then assets under management were 1.06 trillion Up from 1.04 trillion in the prior quarter and 991 billion a year earlier now I do think too Yeah, like you have things going into more like fixed income obviously bonds are going up I'm not sure what the money market funds are doing right now, but a lot of people are transitioning back into some of the bonds As well, especially at these prices But but I do think people who are willing to take on a little bit more risk, but not a lot We'll go for some of these private equity groups going on and of and of course You know interest in a lot of things helps as well with that I wanted to pull up Something regarding tesla So obviously they've been focusing on robo taxi a lot of people don't necessarily like that, but the one of their major competitors in china has seen, you know Two to three times increase we talked yesterday How volkswagen is going to start building out? Some more of their vehicles there and that will be for the chinese market It may be seen that that goes out of it, but the point is, you know, these chinese car companies are going to be Pretty competitive and you add xiao me They've got your car sales three to five times higher than expected And it just kind of shows you that the chinese economy is really robust right now And there's not any brakes being put on it and that's a little bit different for the west So folks, stay tuned. We'll be right back. We have tim ord on as well If you spend any time online researching trading techniques on how to begin your trading journey You've no doubt come across many folks who push forex trading as a way to make big money quickly Unfortunately, there are equally as many stories of these so-called forex professionals Just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market This is what sets teddy kicks down