 The following is a presentation of TFNN. The Morning Markets Kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN Thursday morning, 9.06 a.m. We got about 24 minutes to go until the starter trading and markets picking up in negative territory quite the day yesterday. You could say one for the record books. As we accelerate, you're talking about near 5% in the NASDAQ, greater than 4% in the S&P. Huge numbers this morning. We're opening down 1% in the S&P. You're just off that number, 0.96%. You're negative 37 points. You were as low as $38.56. I bring it up to the tick because that is one point away on the S&P from where we were the lows of May 12th, and you talk about an acceleration. We had a price of 4,095, excuse me, for the high yesterday. That's right, 4,095. You are 210 S&P points below that price level, remarkable. You take a look at the S&P on a longer-term basis. We're bumping up right against that 3A2. We've been talking about it for a while, how the NASDAQ was at that 3A2 level. Maybe the S&P makes it down to that level. We're about 90 points from that level right now. S&P is down about a percent this morning. You jump over to the NASDAQ. So much for $12,000. We're at $11,844. The lows of last week, $11,689. You're talking about 150 points. We're as low this morning, $11,704. So what's that, 15 points? Basically touching the lows just like the S&P. Now the NASDAQ, floating right at the 50% price level, retracement of the entire move higher on COVID. Folks, that's a 50% retracement of a 10,000-point move in the NASDAQ 100, 6,600 to 16,700, just like that. The NASDAQ 100 giving up 5,000 points from the highs. You get the Dow right now. Now the Dow, the only index hasn't made it to that 3A2 yet. You're trading at $31,130 on that price level for the Dow. You're talking about a price level of $29,500, you could say. That would bring you back to the 3A2 of the acceleration higher during COVID, the Russell this morning, negative by 13 points. Bitcoin, sitting at about $29,500. You got crude, backing off a bit as well. You jump over to the short-term chart on crude, quite a pullback yesterday, continuing that pullback today. You were just at $115,000. You're trading at $104,000 on the price of crude. Gold contract catching a bit, $18,38. There's some action in gold. You got the bonds. Let's get down to notes and bonds. Interesting, for the first time, maybe we have notes and bonds acting as they usually had. As in, when you get risk off in the market, people go to bonds to seek yields. Quite a different scenario from when you had the market accelerating lower because you had bonds, the price of bonds accelerating lower, pointing to higher yields that were bringing the market down lower. Maybe we've finally gotten to the point that we see a little bit of a recoil here where yields sitting at a level the market's comfortable with. We'll be talking to our man, Kevin Hinks, after the break. He's been talking about what if rates sit where they are right now for a little while, right? We're sitting at 2.78%. That's quite a yield when you think of how we were just at 3% and change. You check out the daily. We're at $1,708, so you got the 10-year trading up three ticks. Now for some context here, okay? You got the 10-year trading right where you were on April 8th. So you're talking about almost six weeks now. Six weeks, the yields have been there for some context of where the market was on April 8th, okay? You jump back to the NASDAQ. Let's find it. The NASDAQ was almost 3,000 points higher. So you've had the yield stay at a yield of, we're talking about the 10-year, about 2.8%. 2.787 to be exact right now, so that would round up to 2.79%. We'll call it 2.8%. You've been sitting at that price level for about five weeks, that yield level in the 10-year, and meanwhile, you've now had markets fall 3,000 points, almost the NASDAQ 100, but interesting action yesterday, back to the 15-minute, as you had markets accelerating lower, and you actually had a exodus to fixed income, an exodus to a safe haven, and that safe haven being yields, being the 10-year and just fixed income, which hadn't been the case for a while. So we'll see how that shakes out. All right, let's jump around to what else we have going on in the market. The headlines write themselves, man, quite a wipeout yesterday. 1.5 trillion dollar wipeout. I saw that headline at first, and I said, oh, is that, is that how much the market's lost from the highs? That doesn't seem that bad. No, folks, that's what it lost yesterday. Remarkable. And yeah, this is pointing to that, it's gonna slide a little bit further today. We got the S&P down 1%. Now, it was down 1.6%. Take a look at the S&P in terms of where we were this morning. I woke up this morning, S&Ps, you're talking about a solid 30 points lower. You're 63 points lower. I said, man, it might be another bad one, and it might, okay? We got 19 minutes to go until the opening bell, but the market's down about 8.10% right now, so about half of where it was, as of just about three hours ago at 6 a.m. And yeah, you talk about some volatility, man, in terms of where we were, S&P 500 slump, the most since June of 2020, over earnings and policy fears. Many did not expect, folks, the wipeout that you could have in companies like Walmart and Target. Walmart disappoints early Tuesday. You have Target following that up with a great disappointment yesterday, and Target, I mean, just a mammoth pullback, and it'll be interesting to see how this stock progresses forward. You jump over to the Analyze tab, we take a look at the fundamentals, and yeah, that's still a PE. I wonder when this resets. I have to figure that out, 15.975, because that was in there yesterday, I believe at the price, the same price level, maybe they get reset on the earnings that they just came out with, but you're gonna be approaching some levels of PE for a company like Target and a company like Walmart, man. Those are real companies, folks, and that's the worrisome thing when you're pulling back 25% in a company like Target. That is not a company with the likes of Zoom or Roku for lack of a better example that's just predicated on extreme growth, extreme multiples, not even the case. Shelves are empty in the Walmart near me. Yeah, it's interesting because you got a dichotomy going on here. Part of the reason why those stocks traded back so much is because they got too many goods. They got too many goods right now. They stocked up on inventory at a time when business was booming. Now they got all that inventory. I think I saw on the article yesterday on Target that inventory levels 43% above where they were a year ago. Now a year ago, they could just not keep up with business in any way. If you think about it, that's when inflation started to rage, right? Middle of 2021, it makes sense that inventory had almost nothing on these companies. They weren't prepared for the resurgence that we had going on coming out of COVID. That is still causing inflation. And now you have them loaded up with inventory, same thing with workers, right? They ramped up with workers. You had Amazon doing the same thing, building out too quickly, costs rising at a level that was not able to keep up with the demand that has waned and nonetheless, man, watch out. Now, Coles out with their numbers this morning. Decent numbers, you're down a bit. So you're down $2.50. I say decent numbers as in they didn't fall 25%. You're still down about 5% though, and that is after falling pretty heavily on yesterday's numbers from Target. You trade from 48 down to 43. Yesterday, you're down to $40.50 about they're taking bids to try and sell the company and they're gonna be looking for those bids pretty soon. You got the market catching a little bit of a bid. Only down 30% right now. We got a 3,800 hand in the S&P folks. Stay tuned. Oh man, Kevin Hicks after the break. We'll be right back. Time of booming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money than in gold. This the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. 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Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At tfnn, all our newsletters come with a 30-day money-back guarantee so you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability, 30 days risk-free today. TFNN, educating investors. Welcome back, folks. We have the S&Ps, negative by 32 points right now picking up where we left off yesterday, all the markets in negative territory. We got a 3,800 handle in the S&Ps right now. You got an 11,000 handle in the NASDAQ 100. We're still above 31,000 in the Dow. Gold catching a bid this morning. You're up $23 right now in the price of gold at 18.38, and we jumped to notes and bonds as you get a little bit of a bounce back right now. We get the 10-year up, 26 ticks on the session. I mean, you got three huge surges. You got one all day yesterday when the market fell apart. You have another acceleration from where we were at about two in the morning. I mean, just look where we were at two in the morning, okay? We're up a full point from where we were at two in the morning. Gonna be interesting to see how this plays out in terms of where yields go and where we go from there. But it looks like you might have a little bit of a normal relationship. We could call it between stocks and bonds as when you have a flight away from equities, maybe into fixed income, hadn't been the case for so long when you had bonds selling off, yields rising, and that causing markets to sell off. Different scenario, maybe a little bit of capitulation that we have reached an area that markets a little bit more comfortable with the repricing of some of the assets. I'm gonna take a look real quick. There was a, I think it was our man, Jeff, right? Who posted this in the data? I think it was G7 talking about just some of the equities. Yeah, it was. Let me pull up this tweet because man, there's some huge numbers, folks. When you look at some mammoth companies, okay? 2022, Apple down 20%, right? Staggering numbers when you look at some of these companies right now. Microsoft 24, Tesla 33, jumped down the line, NVIDIA off 42%. And then you get into some of the crazy ones. PayPal even down 59%, Netflix 71%, Shopify 72, 74%, just remarkable. We got about 10 minutes to go into the opening bell. Let's jump over to our man, Kevin Hinks. Every trading day, folks, 12 noon Eastern time, right here on Tiger TV, fast market with your host, Kevin Hinks, Tom White. They walked you through the day's market action. Kevin Hinks, good morning. Yeah, coming off a pretty bumpy day yesterday because if you think about it, not only did Target and Walmart, that one-two punch show us that retail has some issues, but the consumer stable sector was a pretty strong sector. And so that got hit hard yesterday. So even that sector didn't help us. And so even for someone who's been around this market as long as I have, that was a pretty violent day yesterday, Tommy. So here's the good news though, coming out this morning. The markets are all off their lows, off their overnight lows. You've got yield down. You've got the US dollar down. You've got crude oil down. All those things point to maybe a slight recovery here in US stocks. Now, that doesn't mean that we're off our lows to start the day. This is still gonna be a bumpy, volatile trading day time. You've still got the VIX hovering just below the 32 level. That implies about a 2% move a third of the days. So volatility is still here. We'll see how this day's played out. The job was claimed number was higher than last week, but still a number that indicates a strong labor market. The Philly Fed number was horrible. That's a regional look at manufacturing in the Philadelphia area. But we'll see how this plays out with yield lower, the dollar lower, and crude oil lower. Three things that have been working against the market lately, Tommy. Yeah, it was interesting to see the action in the price of the 10 year out there yields, as you say, pulling back pretty dramatically. Maybe a reset too. And I don't like the word normal occasionally, but more normal times. Whereas you have the market pulling back, people flocking to whether it's fixed income, some safe havens, a little bit different from when you had yields rising, causing everything basically to sell off. Maybe that speaks to the market a little bit more comfortable with where we are. And you talked about it yesterday, Kevin, man target. I think we came into those earnings with a PE of like 15 or 16. I think we're down to something like 13, maybe potentially on target. At some point, these pricing, repricing, you could call up a pretty dramatic yesterday. Yeah, I think that was the worst day for target since 1987, quite a pullback. And we talked about it yesterday when you're on the show, man target. They got a great brand out there in terms of just the brand likability, as you guys talk about with likefolio. But boy, we got a wake up call, I think yesterday across the board. Coles is out with their numbers, Kevin. They're down a bit. They're down about $2. It almost feels like a reprieve when you still got the stock only down a couple bucks considering how some of these retail stocks have fallen out of bed, but Coles was down 11% yesterday. In a market like this, Kevin, at first it started off with all the growth stocks, right? I mentioned a couple of them right as we came to you in terms of the pullbacks we've had. We're all kind of familiar with the Zooms and the Roku's and the Pelotons of the world really pulling back. But now you got Walmart, man. Now you got Target. Amazon's had quite a pullback. Where do you look, Kevin, in this market and talk about a million, if not billion dollar question, man, where are you looking? Now, we all know the safe havens, but when you see companies like Walmart and Target before this week, you might have thought at least you wouldn't be prone to the type of moves you had in the growth stocks as an investor. Where do you kind of try and get your chips in order in this market, you think? Well, I think you really have to, and historically in down markets like this, when they do recover, you want to have the best of the best. Now, Target had some self-inflicted wounds, right? In terms of the back end of their store. I think they didn't see the move from discretionary to consumables in their inventory. And like I said, they had some missteps along the way and the stock paid for that, right? I think you'll see higher prices from them. I don't think they'll take another quarterly hit of not passing on higher prices to the consumer. I think Walmart's the same way. I certainly expect those numbers to get better. Now, you're right, Tommy. My fingers from platform has Target's PE at 11.4 right now to start the day. So I think that's pretty substantial there. That's for sure. So I think what you want to concentrate on, what your listeners want to concentrate on, two things that I've told young traders throughout my career, don't freeze, keep trading, keep moving things around, keep staying in the game and look for good companies. Remember, earnings this quarter have been relatively positive. It's all the other things around the market that have been hurting names. Now, these retail names, these consumer staples, Walmart and Target, those work good, right? And that surprise was a little bit of a misstep on their management part. But you look at some of the big stocks that have come out with good earnings, that's where you should target, right? Some companies still have good, good, free cash flow. Some companies still have good earnings. The best of the best that are beaten up with the rest of the market is what you should be looking for, Tommy. And at least when you get, and this is my own opinion, man, when you get down to a PE that the human brain can understand, because many times, man, what was Nvidia's PE at like the highs? It was something bananas. And at least you're at a level if you're a long-term investor, this might take, you know, you're investing in a company, if you believe in it, Target's not going anywhere, folks. I think you're at about a $75 billion market cap for that company right now at a PE of 11 and change. Maybe you're getting an entry in a longer-term basis after that pullback that could be attractive on some levels. But we got some period of volatility to go, Kevin, man. We got months, if not stretching in, where we're gonna be dealing with these issues. Kev, we got 30 seconds to go. What are you guys talking about on the show at 12 today? Hello, Welfare Networks, Footlocker, and John Deere and Company. All right, man, we appreciate it, Kevin. Thanks for taking the time, as always, man. We'll be watching at 12 today. Have a great one and have a great weekend, man. Thanks for having me out, Tommy. Always a pleasure. Folks, tune in at 12, fast market. We'll be right back for the open. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector, as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee, so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. 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To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. TFNN is excited about our new software charting program, The Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart today by visiting 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. Welcome back, folks. We've got markets open, and you're looking at an S&P opening down about 8-tenths percent right now. We're flirting right near the lows that we had yesterday. Now, I say flirting with the lows of yesterday. Yeah, we're 30 points off the bottom, folks. But in the context of yesterday's run, in the context of where we ended Tuesday, we're right near the lows that we had on last Thursday. We're right near the lows of the overnight session. We caught a bid. We'll see where we open. You got the NASDAQ kitchen to bid right now. NASDAQ 100, negative by just 47 points. You're talking about 200 points off the lows almost. We were down to 11,000. Let's see what the low is, to be exact. 11,704, we're approaching 11,900 right now in the market. You jump over to gold. Excuse me, gold up 22 bucks, Kevin talked about. We're getting a dollar pullback right now. You got crude pulling back as well. You talk about a volatile market, man. I don't know what's going on with crude. But folks, since I came on the air at nine o'clock, crude's up $2. Not sure how you trade that one. Had a great conversation with our man, Teddy Kegstad, yesterday, and I asked him. Said, if you're thinking about trading crude, man, how do you trade crude when you can be right on? Let's put this thing on a daily. Let's just say you're right on a longer term basis as in the trend is positive territory, okay? But you're getting pullbacks that are $10 to $15. One of the things he talked about is you could trade forex, all right? You could trade those companies that are countries, not companies, countries, dependent on the crude market. You get an acceleration in the price of crude. You get strength in the economies that are crude producers. And he even added then maybe you throw some options in there because the risks are just pretty paramount on these markets. I mean, folks, it's 931 since I came on the air, as I said, crude's up $2. And guess what? You can't even see a pop on this market right now because we have crude down a buck 23 in the session, volatility everywhere, as they would say. And as Kevin said, man, you jump over to the VIX, VIX trading at 32 right now. Now a VIX of 16, okay? Means that you have a 1% move every three days. That is what's priced into the volatility when you have a VIX at 16. When you go to 32, you have a 2% move every three days. That's the volatility that's being priced in. If you don't think the market's that volatile, you should be selling the VIX. If you think it is more volatile than that, in theory, you should be buying the VIX as we're catching a little bit of a market bid here. S&Ps down only 20. Now, if the VIX goes to 24, okay? That's one and a half times 16. That's one and a half percent that the market is pricing in a move every three days. It's important to understand this. People talk about the VIX all the time. They call it the rule of 16, okay? You can Google it if you want, the rule of 16. If the VIX is at 16, it's pricing at a 1% move every three days. And all you do is you can multiply that 16 by whatever you want. So if it's at 32, you'd have to multiply it by two. Therefore, you get a 2% move every three days. Now, the point is we're at 32. That's pricing in a 2% move every three days. Folks, the market's almost doing more than that right now. I think we did 4% yesterday. Already, you had the S&Ps. I mean, if you look where we were this morning, you were approaching 2%. You were down at a price level of 38.56, excuse me. Yes, 38.56, okay? So you were down about 70 points in the S&Ps after being down, what, 120 points yesterday. We're catching a little bit. We'll see where we go. Let's jump around to some of the stocks that got slammed yesterday. See how they're opening target. Down another 2.2% today. No reprieve just yet. Walmart down 1.1%. Amazon got hammered yesterday. They're catching a little bit of a bit. Actually in the green right now, we might get the Nasdaq 100. There it is positive by barely a quarter of a point. 11,935. Let's jump around to some of the fag stocks. Apple up about half a percent this morning. You jumped to Microsoft up 4.10%. They're all catching a bit on the open Google. Still in the red by about a quarter percent. Man, Tesla really took it on the chin yesterday. They're still down 7.10%. Elon Musk taking a break from managing four companies to tweet anything he wants yesterday. This one is quite a story in terms of how many narratives he's got spinning on Twitter at one time, let alone if he even wants to buy the company. You're down 1% on Tesla. You're sitting at 700 bucks right now. We'll see where that goes. You get the Russell sneaking into the positive by a buck 50. Let's see where Kohl's trades. Kohl's out with their numbers. We'll jump into those in a moment. You're negative, but in light of where this market is right now, you're only off 3.7% for Kohl's. You took it on the chin yesterday. You're trading at 41.40 right now. And I think I do have Kohl's numbers up here. Where are we? Yeah, I had them up here. Where are we? Come on, there we go. All right, so Kohl's, they're looking for bids. They're looking for final sale bids expecting in the coming weeks, slashes full year outlook after earnings miss. In light of where Target came in though, not as horrible as you could have feared is one way to freeze things. They expect fiscal 2022 adjusted earnings per share of 6.45 to 6.85. The market was looking for 7 to 750. In light of shrinking margins on Target and Walmart, not that big of a miss right now with everything going on in my opinion, folks, net sales are forecast to be flat to up 1% from year ago levels compared to prior guidance of two to 3%. That would worry me more. If I was an investor in Kohl's, which I am not, but that would worry me more. In the longer term basis, folks, these companies, Kevin Hicks put it well, they're gonna raise prices. They're gonna get it under control. If you're doing business and you're raising revenue, you're gonna figure out a way, and it might just be passing it along to consumers, you're gonna figure out a way to make sure that you're not losing money as you're growing your business. And when you see a company actually talk about that they may be flat when you have inflation up 9%, okay? That is inflation adjusted losing business. That's more worrisome. Earnings per share, 11 cents versus 70, okay? Revenue, they do beat, but barely. They forecast though, they're gonna miss on sales, probably going for the year forward. For the fiscal quarter, that net income, 14 million is what they get from the 11 cents compared with 14 million or nine cents a year earlier. Now, Coles, this market's rocking, man. S&P is only negative by eight. Coles, you take a look at this thing, you put it on a weekly, okay? There's your COVID drop off, you trade to 10 bucks, you chop around for a lot of the year, you accelerate higher. This move, now trading back to about 42 bucks. The 618 on Coles, about $37. All right, that could be an area maybe you find a bid, maybe it's gonna find a bid at this 50%. You did have quite a consolidation. That consolidation stretching back about 15 months in the price of Coles, and we just break right through that level. Now, here's what I wanna talk about on Target, man. Sitting right at that 618, 618, the 3A2, they're two of my favorite Fibonacci levels, folks. Larry Pesavento, I love the Fibs, I love what he talks about them, and I'm telling ya. All right, the one great thing about trading Fibonacci levels, folks, is you either know you're right or you're wrong, okay? You're looking to get in Target, this could easily be an area for Target. Kevin Hinks talked about it, okay? You're dealing with a PE ratio that is in the low double digits in terms of like 11, 12, 13. I imagine those numbers for earnings will go back up. They might not go back up in three months, though, folks, okay? There's gonna take some time for these companies to sort out the volatility that they are experiencing, and some of the words that Target CEO used were startling in terms of how shocked they were of how quickly consumer behavior changed, leaving them kinda holding the bag on a lot of items that they had. More normal times will come about, folks, okay? Target's still a great company. You're right back to the 618 and the entire move higher pre-COVID from a price level about 85 bucks, 90 bucks, what's the low here? $90.17, up to 270, we'll call it, get back to 158, and man, you were just trading at 254 in the price of Target April 18th a month ago. I mean, not many people, folks. I think the move expected in Target was $12, and that's when it was trading at 22, trading 157. All right, we got a little bit of volatility. We got a market that's up at 3,911. We got a 3,900 handle. Yet again, be careful of these rallies, folks, in a bare market, because, boy, we got some volatility in spades, and we got volatility coming down the line. Stay tuned for some spirit. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. 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That's tfnn.com and hit Watch Tiger TV. Welcome back, folks. We have the S&P right now, negative by 15 points. You're trading at 3906. Well, off the lows that we had last night, though. You're only negative by about 410s% in the red NASDAQ. 100 was in the green, slipping back into the red barrel. And we jump over to Tesla shares. As I mentioned, Elon always in the press. Quite the self-promoter as we know. Tesla, negative by about $2, not too much of a move, especially in the context of what this stock did yesterday. Now, the news out there yesterday, as I said, he's running four companies, but man, he can tweet about everything during the day. So they get removed from the ESG S&P 500. Now, I'm not gonna get into whether that's deserved or not, but it is important to note the social and governance aspects of the S&P 500. He changed the world for electric vehicles, man. And Exxon is in there, so I understand the controversy. Yeah, they probably deserve to be in there. But the social and governance aspects of Tesla are an absolute joke, folks, all right? It's run by a CEO that is just lying about his ability to sell shares, okay? So in terms of the governance of this company and what's going on now, the S&P G get more into that as in, even when you're talking about the employees, the work conditions, et cetera, okay? But I'm just talking about a company and he's pretty brilliant how he's getting into the political fray because that's gonna allow him to say everything is fake news, okay? But here's the facts, folks, okay? Twitter, to look at the exact dates, okay? Twitter, there's your acceleration on the news that Elon was gonna buy Twitter, okay? That news comes out over the weekend going into April 4th, okay? Since that news has come about, Tesla shares, where is it? Here it is. So somehow Tesla traded higher on the Monday following that news until the market figured out that this may be a bad thing for Tesla. Folks, April 1st, okay, which is the Friday before the weekend that that happened, that news came about, you had Tesla closing at 1,084. You are $384 in the price of Tesla and Tesla folks has 1 billion shares. Tesla market cap has lost almost $400 billion since Elon decided to do whatever you wanna say with Twitter, okay? So he's all out there, he's a grand promoter, but those are the facts. And if I was an investor in Tesla, it's pretty remarkable the lack of attention getting brought to the fact that on April 4th, when Elon went after Twitter, for whatever reason he did, the stock was trading at 1,080. The company has lost $400 billion in market cap and meanwhile he was able to sell his shares, pretend like he's gonna buy Twitter. He took a lot of Twitter investors to the cleaners as well. I mean, there's some of his biggest supporters, which is the thing that blows my mind the most folks. He's a brilliant man, he changed the world in great fashion the way he did it with Tesla. Doesn't excuse the pain that he's causing some of those same people by doing whatever he wants as the richest man in the world. And you're talking about, yeah, he's not even the chairman of the board anymore. That one got yanked when he was up to no good on Twitter talking about misleading investors about taking Tesla private, et cetera. And now you have a CEO that is out there saying it's not fair, it's not fair, it's not fair. As he single-handedly tanks this company, now of course Tesla would be lower with the market at that time. But how much lower? How much devastation has been put into that company over the Twitter saga? That's debatable, but you know it's not debatable that the company's lost about $400 billion in market cap. I don't know, any other CEO that would be able to get away with that other than Elon. So keep that in mind when he says everything is so unfair, how he has managed this company over that period of time. And you can appreciate what he wanted to do with Twitter if you believe him, but I don't believe him for a second folks, and I don't think you should either. All right, let's jump around to see what else we've got going on. Yes, we talked about Coles. This one's an interesting one, talking about just general technology here. So the article over at CNBC, kind of a little bit of click bait, but you got X Amazon engineers, roll out their smart phone, smart shopping carts in Albertson stores. So you got two Amazon engineers, they start this company, X engineers I should say, in 2018, and this is where the future's going folks. It's pretty remarkable. Now Amazon launched its own product called Dash Carts in 2020. Not sure how you compete with Amazon. Excuse me. And let's see, let's see. Instacart, which I've used plenty of times, they acquired smart cart maker, Kapor AI late last year. Other grocery stores, Kroger, they've been testing technology at a handful of stores. Just really interesting to see what's gonna go on because this is what's happening folks, this is where the future's going. You're probably gonna have carts like this, you walk right out of the store, that eliminates the need for cashiers, right? Eliminates the need for human capital. Amazon already has where you can cash out, check out cashier free, some of those stores, but it's coming to all of them. You're seeing it. Albertsons, Kroger, right? All of the likes. I'm sure Publix has something going on as well because that's where the future is. The challenge for Veev and its rivals is proving its retailers that the carts, five to $10,000 a pop. That's like a top of the line Apple computer right now. But that's what they're charging. But guess what? If they replace the cashier, doesn't take that long to make it worthwhile for $5,000 if you're replacing a human employee that's making money every single day. Yeah, it's gonna be interesting to see. It's not a matter of if folks, it's a matter of when that those changes are coming. Jump around to another interesting conversation going on. Talking about smoking in casinos in Jersey. So I'm not sure where this one falls. It's an interesting one in terms of you have states, Nelson, smoking folks. It's like the worst thing you can do for your health, right? Secondhand smoke, obviously horrible for your health as well. Not sure how I feel about making everything illegal where if anybody wanted to do something, they could. And this talks about making a ban on smoking in casinos. Now, many casinos have non-smoking areas that basically they would go in this article talking about 90% of the casino is smoke-free at this point that they're talking about. Let me see if I can slide down here and get that exact number. Yeah, smoking's only permitted in 10% of the gaming floor at Hard Rock Atlanta City, Hard Rock Atlantic City. And yeah, I hate smoking casinos too. I do, I will never be in that smoke area. It's crazy. I used to remember when I came down here and think it was in the early, it might've been 20 years ago that they stole out of thankfully poker rooms, have done away with smoking for a while because there's no escaping the smoke. And what this talks about is the employees and that's where it gets difficult. You got employees, they're working, they're working surrounded by smoke, but it gets a little difficult when you, what about the people that wanted to be able to smoke and what about if a business wanted to do that? They can't do that anywhere. Not sure where that one goes, because you have the ability for people to be able to be in smoke-free, but they're talking about a battle, it'll be interesting to see where it goes. Now you have total bans already in many of the states that surround it. I think it was New York, Delaware, and the likes reading this. So that one's gonna shake out in Atlantic City saying it'd be tough, because if this happens, of course, companies always say it's about the jobs. And many times they can be lying, okay? But it's an interesting one to see where this shakes out because at some point, I feel like businesses should be able to offer some place where smoking exists if they want to, if consumers want that as well. You can't legislate controlling people's lives to that degree, folks, you know? I mean, one of the great things, you can tax it. Why not tax cigarettes through the roof, man? Tax them through the roof, you know? You wanna be buying cigarettes, tax them through the roof. That's how you disincentivize that behavior instead of just making it illegal. That'd be my, you know, and it gets complicated from there, but. All right, so much for a market bid. We got markets selling off, Dow. 30,000 handling the Dow. We'll be right back, folks. 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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. Welcome back, folks. We got the SMPs right now, negative by 43 points. You see the acceleration. Let's jump into a 15-minute chart. So much for that bid on the open. We'll zoom in it again. You got as high as 39-20, folks. And just like, excuse me, just like that, you gave up almost 50 points. You got, excuse me, down to 38-74. Yeah, 46 points. You traded from the open. Watch out for this volatility, man. Dow off 407 right now. You're right near the lows that we had overnight. And jumping to some of the commodities, gold. Holding up pretty well right now. You're up 22 bucks at 18-38. You jumped to the price of crude. Regaining some of those losses. I mentioned crude. Since I came on the air at nine in the morning, crude's up $3, folks. Volatility of spades. And we jumped to notes and bonds. Sitting right near those lofty levels right now, you're talking about a yield in the 10-year, 2.8% right now. Over in Europe, you get the DAX down 1.3%. The FTSE down 2% right now. CACAROL down 2% as well. Boy, it's gonna be an interesting day, folks. See where we go. Let's jump to some of the stocks that had earnings last night. You got Coles down about 1.6%. Not that bad right now, with the market down a full percent as well. Cisco taking it on the Chinman down 14% for their earnings last night. You had BJ with good numbers. BJ wholesale. There you go. Up 9%. Let's see how Costco is trading. Down 1.3% for Costco shares. Pulling back. You jump over to Amazon. Look at the difference here. So it's gonna be interesting to see how this market goes, man. You got Amazon up a percent after getting hammered yesterday. You got markets completely in the red here. Okay. A little bit of what Kevin Hinks was talking about. Finding the good companies. Walmart continuing to trade lower. Target down another 4%, man. Just remarkable. TJ Maxx, one of the only stocks in the green yesterday. Holding pretty well. Down about only 2.10% right now for TJ Maxx. And yeah, as Kevin was saying, we got some Foot Locker earnings coming up. They're gonna be talking Foot Locker. They're gonna be talking John Deere, which we have tomorrow as well. John Deere down 2.1% and Palo Alto Networks coming up at 12 as well. Stay tuned, folks. We got quite a market. Basil Chapman, he's coming up next with the Tiger Technicians Hour. Larry Pesavento live at 11. Bass Market with Kevin at 12. Steve Rhodes, Dave White. Tom O'Brien all this afternoon. Thanks so much for starting your day with me, folks. Have a great Thursday. Stay tuned for Basil.