 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 at 8.30 a.m. Friday morning, 60 minutes to go until that opening bell. We got markets in positive territory to kick off Friday trading so far, S&Ps positive by 21 points, that's almost eight tenths percent in the green trading above 2800, 2801, Nasdaq up 51 points trading at 8650, you got the Dow up 170 points trading 23,507, oil up 53 cents trading above 17 at 1704, gold contract up almost $10 at 1754, silver up 11 cents at 1547. Start things off, we'll jump over to the VIX this morning, VIX back under 40 as the market inches higher, 39.72 on that volatility index. Start things off, let's jump over to the charts, we'll start it off with the Dow, 23,513, you see the action yesterday reaching highs at about 11 a.m. of 23,769, the Dow trades down more than 500 points from that price level, 23,159, the low, that low taking place at about 9.30 p.m. Eastern time, markets up a bit from there 23,508, Nasdaq 100, 8651, almost made it up to 8800 last night, down to about 8500 overnight, excuse me, almost made it to 8800 yesterday, down to 8500 overnight, right in the middle of that range at 8653, S&Ps we covered a bit, back above 2800, 2802, the highs yesterday, 2836, quite a cascade, we go from 2836 down about 75 points to 2760, the lows taking place at about 1.00 a.m., 2755, so your solid 45 S&P points above that price level, there's your crude oil chart yesterday climbing above $18, we've seemed to have been bouncing around between about 16 and 18, right square in the middle of that range at 1702, gold contract 1754, the highs yesterday 1763, yesterday afternoon to a low of 1740, we were just up at about 1760 over the last couple of hours, and the Euro US dollar, even since about 3 a.m., look at that trade trading from 107.27 to actually above 108 in the last few minutes, currently trading at 107.95, in terms of what else you have happening across the market, checking in, there we go, so we got a lot of doing the program at 8.30 every morning, US durable goods, why not jump over to this, this is what we get at 8.30, lots of numbers, yesterday we got weekly jobless claims at 8.30, this morning durable good orders, plunging 14.4% in March, an 11.9% drop was expected, so even worse than they were thinking, and see no real reaction on that number, S&P's up about 21, you see the action there, 8.30 bar, pretty low volatility with 60 minutes to go until the opening bell. In terms of stocks making moves, so far this morning, jumping into individual equity names, it is earning season, American Express out with their numbers $1.98 a share, with gap earnings at 41 cents a share, the estimate was only $1.43, the financial services company increased its credit provisions to 2.6 billion from 809 million a year earlier, and set a spending decline by customers, began in late February and accelerated in March, AXP, quite a beat though for their numbers, and you see the action there trading up to almost $85 from a close yesterday of 82.46, but pairing some of those gains that conference call beginning at 8.30 AM, so that conference call beginning just now and trading off a bit AXP on quite a beat, Verizon beat consensus estimates by three cents a share, quarter learnings of a buck 26 revenue below forecast however, and the company cut its full year outlook Verizon said it had a strong start to 2020 prior to the pandemic, and that it expects to emerge from the crisis stronger VZ is their symbol. So you see the action there, not sure how real of a tick that is to below 56, but we had their earnings coming out at 7.30 and we have the conference call beginning right at 8.30, but pretty much within about 20 pennies where we were yesterday, this stock bouncing around the bit, I mean, you put this on a longer timeframe right from 62 down to 48 right back in the middle of that range, 57, 59, I happen to be playing with some long-term charts yesterday just for some context, quite a training range this thing has had, right? Check out that channel, not to Bud Rolfs, the channel master man. This is going back, this is a monthly team in 2004, the peaks and 2009 the troughs, a lot of them lining up together right in the middle of that range, we did bounce right off that level though on those peak lows at about 48 to $50 Verizon, 57, 59 on their numbers. Intel had their earnings, $1.45 a share beating the estimate of a buck 28, chip makers revenue also beating forecast, the company's current quarter forecast was below estimates however, and said it would not update its full year outlook due to uncertainty surrounding the coronavirus outbreak. Intel, how about some longer term context, shorter timeframe, there's the drop off from above 59, 5904 yesterday, their numbers right after the bell last night, 5526 initially currently trading at 5605, just out of curiosity AMD, their numbers trading down probably on that news as well from 5590 yesterday to below 54, right now back at 5514. E-Trade, E-Trade missed estimates by 19 cents a share with earnings of 72 cents a share, revenue also missed forecast. The online brokerage firm which is in the process of being bought by Morgan Stanley was hurt by factors related to the pandemic as well as merger related expenses and its provision for credit losses ETFC, is their symbol, you see the volatility after the bell last night, 3824 basically flat from yesterday's continental resources, talk about the energy sector, the energy producer has halted most of its oil production in North Dakota, notified customers it would not supply crude oil at current prices. There you go folks, why are you going to be supplying oil when it's trading at $17 and even potentially negative territory, CLR trading a bit higher as oil is rebounded, but for some context here from $35 down to 7 recently. Pearson reported a 5% drop in first quarter revenue as the education products company is hit by school closures around the globe. Yeah, how do you sell as much when it's online? Maybe that's how you do it. The company has seen significant increase in the user of its digital products. However, if they have a path to profitability online, this would really be expediting that there's Pearson $5 and 58, you're going to open basically even on that. Tesla is prices for two variants of its China made Model 3 sedans after China officials cut electric vehicle subsidies. So less subsidies, Tesla taking that, passing it right on to the customer in China. Tesla, I mean, you want to talk about a rocket ship lately. Check that out from the low that we made on March 18th, $350. We're now double that to $705. We're going to open today higher about $10 to $715. There's your action. We were below $700, $715 on Tesla. L Brands filed a complaint against private equity firms, Sycamore partners for trying to pull out of a deal to buy the company's Victoria secret unit. Sycamore wanted a lower price due to the impact of the COVID-19 pandemic, but failed the lawsuit after L Brands declined to renegotiate L Brands. This one really hit hard lately. That was the news of the deal potentially falling through at $8.80, but we were up for some context at $25 before all this pain started. Stay tuned, folks. Coming back after the break, see what else we've got. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. 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Hopefully that approved and added to the government's unprecedented emergency spending to respond to the health and economic crisis by the pandemic that's gonna be small business aid, hospital grants and coronavirus testing. Jumping back into equities, Boeing planning to cut 787 Dreamliner production in half and announced job cuts when it reports first quarter earnings according to a Bloomberg report. Boeing is due to report first quarter results on April 29th, five days from right now next Wednesday. Boeing shares particularly hit hard over all of this dealing with their own woes in the 737 MAX, but dealing with a complete shutdown of the skies essentially worldwide. Boeing falling from about 350 down to 89 up to 186 back to 137 today. Quite a rock and roll ride for Boeing shares. Hertz is working with debt restructuring advisors on options to boost its finances according to a Reuters report as the coronavirus outbreak slashes demand for rental cars. Hertz already in a tough business, right, rental cars, but talk about a fall off from $21 almost to $3. We're gonna open today at about $3.80 for some longer term context from there. You see a general trend going back three years, $27, the recent high of $23, tough run as they try and shore up finances to get through this. But even if you do, is the future really there? So DraftKings, they're gonna be making their NASDAQ debut today after the sports betting company completed a 3.3 billion reverse merger with bank check company Diamond Eagle Associates, DKNG. Let's see if we got some action on that pre-market. How does that work? Now we're not loading anything yet, so that'll start trading at $9.30, I assume. JCPenney is an advanced bankruptcy talks with lenders, according to the journal. The talks are set to focus on loans that would allow the retailer to continue operating during a court-supervised bankruptcy filing, JCP, I mean, 27 cents. We were at 20 cents last week, and we're gonna open at about 23. There's your volatility there as that company looks to be out of business. United Airlines, United will require all flight attendants to wear a face covering or mask while on duty beginning today. The flight attendants union welcome the move, but it's asking the passengers be required to do the same. I imagine this is gonna be the type of stuff. It's not back to normal when the economy opens back up. It's gonna be a shift of things, especially until maybe we have a vaccine or treatment where this is eradicated. And mask is the easiest way to make sure that people aren't spreading germs, especially the asymptomatic spreading that could be going on. This story interesting. So Google, they're cutting, why not? I have the headline here, Israel. They're gonna cut the marketing budgets by as much as half. Directors warned of hiring freezes. Companies planning to slash its marketing budgets by as much as half. Directors were told that hiring freezes for both full-time and contract workers are taking place. The cuts represent a more drastic move than their CEO originally described just a week ago. One email about the cuts went out to marketing employees this week, noting the budget cuts and new hiring freeze for full-time and contract employees. There are budget cuts and hiring freezes happening across marketing and across Google. Said one message from a global director sent to employees Wednesday, we along with the rest of the marketing have been asked to cut our budget by about half for H2. So you're gonna see this. This is one of the first things I thought about myself. If you can cut something really quick, it's gonna be that type of exposure. It's gonna be your own promotion potentially. If you're shut down, you're not doing business, why are you promoting yourself to the same degree? And maybe that's an easy way to cut costs and reel in those costs. For Google, why not? We'll check in. Google fared okay during this, but not as strong as some of the other fang stocks. Google gonna open a bit negative this morning. After being at 1276, the market's up about 1%. Google's down about 12 to $14. And for some longer context for Google, you see from 1532 down to 1,000, we're back towards the middle of that range. For some context here in terms of how far we've retraced. So you see that we're sitting at about 50%, right? Give or take and we have been since about April 14th. But you compare this with now, we know Microsoft is, excuse me, we know Amazon is through the roof. But even Microsoft, you look at it's gotten back probably 78% or 61% at least. Yes, bouncing around in between the 618 and the 786 since about that same day, whereas Microsoft is still stuck down at about the 50%, excuse me, Google still stuck down at the 50%. Apple not faring as well as Microsoft as well. When you look at where we've been to the pop we've gotten, that low, we did make it up to the 618. So a little bit stronger than Google potentially in terms of Google again, flirting with the 50% line, getting back 50% of the losses. Apple flirting between 50 and 61.8, you had Microsoft jumping around between 61 and 78%. And then maybe the two giants of them all Netflix through the moon for context there, right? I mean, this is where you had the fall off in a company like Google and you've only gotten back 50% of the gains. Well, if you did that in Amazon, you had the fall off here 50% of the games would get you back to 1905. And you have Amazon this morning opening and above 2400. Netflix, some similar bullish action. Talk about that run, right? We were at about 390 before the coronavirus shutdown took place. The market sold off everything below 300, we were at one point. Netflix out with their earnings recently still pulling back a bit at 426.70. So there you're paying stocks. Checking in on Disney, just on my heels of the Netflix, Disney shares, Disney really a tough whoa here. I mean, you want to talk about what have we gotten back on this stock, right? What do we add here? You're barely touched a 382 retracement, 107.66. And we're really only about 23 to 25% off of that pullback, some tough action on Disney. Other news going on a week from yesterday, check it out on the front page of TFNN. Tom will be doing a timing the trade webinar, six hours of education, 9 a.m. till 4 p.m. A lunch break in between there. All of it's going to be archived. That'll be on your members page. You can watch it. Maybe you don't have all day to go to this webinar. Maybe you got to run a couple errands in the morning. Maybe you got to pick the kids up or the grandkids up in the afternoon. But you can be in there all day in the trading room and you can come back, watch the archive whenever you'd like. He hasn't done one of these in a few years. You get a physical copy of his book, Timing the Trade. That will be mailed to you. You get a month of his Market Insights newsletter. That starts the moment you sign up. And yeah, I encourage you to check it out a week from yesterday on the front page. And Open House as well. We had a great turnout for the Open House started at the end of last month. We're going to run it through the end of April. So you got one more week in the Open House as well. Check out the Tigers Den. Great to see a lot of old names in there that haven't seen in a while. Some great action in the Tigers Den. In terms of other stories out there with stocks, we'll finish it up with Edward Life Sciences earned $1.51 a share for its latest quarter, beating estimates by $0.18 a share, medical products, makers revenue, also topping forecasts. The company lowered its forecast for the year. However, saying COVID-19 pandemic will have its biggest effect. That symbol EW, we're going to have to zoom this in a bit. That's your longer time frame. You see the acceleration from 240 to 150 to 220. And we're going to open a bit higher this morning at about 237. Stay tuned, folks. I'll be coming back, finish up the program, see what else we have on tap for Friday trading. We'll be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we Tigers and Tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal-edge, formulated and approved by Nico and Paige of Living a Primal Lifestyle. Buy it today for just $89. Click on the Primal-edge banner on the front page of TFNN.com. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. Welcome back, folks. We got about 35 minutes to go until that opening bell. S&P's up 26 points right now, jumping over to Crude. Crude at $17.18. Quite a far cry from where we were Tuesday, $6.50. Checking in on the USO, lots of headlines and action for the USO this week. People really learning how ETFs, and especially this ETF, in particular operates and just beware oil funds near implosion, latest market wackiness, leave traders scratching their heads. Retail investors plowing into this, just a remarkable turn. I read an article yesterday about professionals shorting this in epic fashion because being aware in the long run, when you are rolling from the front month to future months and there's a huge contango, that is a very, very bearish proposition that eventually leads to losses. And as you can see that fall off from $11.50 to $2.00 in change, we're talking about over the period of about two months, let alone the drop off even from April 3rd from $6.00 to $2.30. At a time when retail investors on Robinhood, it was like the most traded, most owned ETF out there, maybe potentially quite a story shaping up there that I'm sure we'll read more about in the weeks to come. Verizon out with their numbers, so they beat on earnings per share, $1.26 versus looking for $1.22 revenue for the wireless carrier falling 1.6% to 31.6 billion from a year earlier. It lost 68,000 phone subscribers who paid monthly bill in the first quarter amid lockdowns that closed 70% of its stores. It led to a significant drop in customer activity and device volumes in the quarter. Analysts expected Verizon to just gain 100 subscribers for the quarter, so they lost 68,000. The company also cut its full year adjusted earnings per share outlook to between a growth of 2% and a fall of 2%. And it was looking for two to 4% growth. Either way, checking in on Verizon shares, we covered that before, but a bump to 57 in this morning. We're pretty even right now at 57.39 still. Stay tuned, folks. We got our man Larry Pesvento coming up live with trade what you see at 9 o'clock. I'll be back at 10 o'clock with Tom live trading all Friday live trading education at TFN and stay tuned.