 The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Now Tommy O'Brien Good morning everybody. I'm Tommy O'Brien company alive from TFN and Tuesday morning 906 a.m. As we kick off the trading we hope you're at all I hope you all had a nice long weekend. We kick things off talk about some volatility to kick things off in a big way We get the S&P's Right back to basically where we were on Friday's lows before you accelerated into higher territory to close out the day You get the S&P's trading down 44 points right now You're talking about almost a full percent the red trading at 46 10 you get the Nasdaq 100 down 1.5 percent this morning We got yields rising you have Microsoft out there by an active vision to the tune of almost 70 70 billion dollars As they buy that game maker Now down 296 points talking about eight tenths percent in the red and the Russell down eight tenths percent as well Bitcoin down About sixteen hundred bucks over the weekend trading at 41,000 430 you have crude rising to above eighty five dollars briefly On some economic activity out there. You got crude back to eighty four forty two this morning You got gold up about ninety cents check out that volatility on gold down to 1806 We're back up to 1820 we're sitting at 1817 in the gold contract and The all-important notes and bonds you're talking about a 10-year right now Where are we? Let me pull this one up. Excuse me. We're talking about a 10-year right now that is negative 16 ticks You see the action you talk about where we are now you had bonds technically. I guess we're talking about Open yesterday right but no real action. You're down 16 ticks right now You're talking about a yield on the tenure one point eight three percent one point eight three We kicked the year off on the tenure at about one point five percent one point eight three Talking about a two-year high on the yield on the tenure the third year is negative twenty eight ticks at one fifty four Fifteen and we jump over to the volatility index this morning the VIX spiking to 2161 is this market not done pulling back just yet. We take a look at the S&P's Now you see the trend line on the bottom part here it bounced nicely on that trend line on Friday Got just below that trend line on Monday. We take a look at the longer-term action of that trend line on a three-year weekly This trend line is talking about basically right at the COVID-19 loss now. You are again slightly below That trend line right now on the S&P's we're going to put it back to a daily So you can see a little bit more clarity of that trend line You can see pretty well defined. You've gotten above it. You've gotten below it a couple occasions You know, you want to zoom in on the action I mean you're talking about a trend line from October maybe the upper portion of that trend line I mean if you draw another line in here for a trend within a trend Maybe you have a little bit lower ceiling to that trend But nonetheless you can see from where we were in October you bounce nicely in early December You bounce nicely on December 20th We got a bounce there last Monday and we are back below that level on the S&P's now the cues a Little bit of a different channel line we're talking about but still pretty important action in terms of where we were Where we are now this morning you do not have the cues open yet futures are open right now So they have a daily bar on the chart this daily bar not existing yet point being when we open We're going to open at about 375 and you see the action. I mean that is Friday's bar and you're going to open almost right at the low of Friday's bar Not a good sign for the market there considering You get a bounce to 390 and just like that we're open and below 375 folks. We were trading at 389 47 on Thursday And we are going to open at 374 79 in the cues this morning Quite a move up there and there's your 15 minute action for the cues to 374 from about 380 On Friday's close and there's your action on thursday up to almost 390 All right over in europe right now negative action as well We get the dax down about nine tenths percent footsie down about half a percent cackerel down about eight tenths percent over in asia Nikkei down about a third of percent shanghai positive Hong Kong hsi hang sang excuse me down four tenths percent Okay, let's jump over to some of the fang stocks. We get the naztac 100 down 1.4 percent Microsoft They're going to open down. What is it not bad two? Two percent two and a half percent right now. What are you down? You're down about four bucks right now So just more than one percent you see the volatility Activision quite a different story over there atvi is their symbol. Excuse me And there's a pop for you from 65 to 90 now the interesting thing here is These gaming stocks have had quite a pullback recently that microsoft's just getting this equity at what it traded at About six months ago Right july 26 now fair market value for this equity is not 90 dollars in the market as of friday It's 65 dollars so they're paying quite a premium to investors But it is important to note that you have activation trading at the levels microsoft's buying them at For basically six months at the beginning of last year and you almost got up to that price level you got to a high of 87 83 In august of last year. So quite a pullback for activation. They're getting quite a premium Let's jump over to the headline to kick things off microsoft nears 70 70 billion dollar deal for video game maker activation all cash Gotta love that now they uh their biggest game Call of duty probably recognize that name even if you're not in gaming at all It's a big one call of duty franchise It's going to be the tech giants largest ever takeover people with the knowledge and the matter said Could be announced as soon as today and uh not quite announced just yet But nonetheless gaming quite a consolidation when you look at microsoft what they'll be doing now I've been talking about virtual reality a lot since uh christmas since i got oculus 2 from meta And i imagine you're going to see this sector solidify even more and maybe this is a play of microsoft trying to Make sure that they are entrenched in the gaming community as the technology ramps up and as they um start trying to come out with Whatever it is that we advance in the future the reach that they're going to have controlling Uh call of duty. I mean, you know the xbox, etc. They're building quite an ecosystem in the xbox And you know that they're going to be competing with amazon Uh, excuse me with meta and with apple for the vr headsets that are coming out It's just a matter of time if xbox is going to be a competitor gaming is going vr They're buying one of the biggest players out there with activision call of duty quite a franchise that they have there And 70 billion dollars not bad. I mean activision take a look at the analyze tab We jump down to the fundamentals. You're talking about a company as of the close of friday Would that be right? Now these are this is calculated on the print that we have going this morning. I believe market cap Yes, it is because they're buying them for 70 billion dollars and right now you've valued at 68.4 billion as per these prices But yeah, quite a haircut in terms of what uh a bonus in terms of what they were pushing on friday You know, it makes me think of my dad and I we were talking about recently when netflix started to talk about that They are going to get into gaming now Here's another one that's had quite a pullback netflix going to open down seven bucks and they open to about 5 18 You're deep back into this consolidation netflix had going from june of 2020 2020 june of 2020 Uh, I mean crazy You're going to open in prices that you were trading at june of 2020 on netflix Right back in that consolidation with the lower boundary about five, uh, excuse me 480 the upper boundary about 5 60 You're going to open about 5 20 But I remember read hastings and netflix talking about that they are going to get into gaming And one of the first things I said we were talking about it is that gaming Is not an area that you can just spend money and achieve success Much less so probably Then Movie and film and show production. I mean you have enough of a budget You make a good enough movie. Maybe you have a hundred million bucks, right? You make a hundred million dollar movie If you have the skill set and you have the right people involved and you make a good movie It'll probably be successful not exactly the same deal with gaming because of the way that you have to Get entrenched in those fan bases. Maybe netflix will be going out and purchasing someone. That's kind of what we started talking about We'll finish this up and we'll be right back Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts Videos and data on the key markets that he's tracking Expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors What's separating you from the most successful men and women on wall street? 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We get the s&p is negative by 46 points right now jumping back to so the conversation just to bring it about Microsoft purchasing Activision the maker of call of duty 70 billion dollars their biggest purchase ever Netflix they are trying to get into gaming and You can't just spend to get into gaming. So just keep that in mind as these big players trying to get into gaming Microsoft you're talking about a company. I mean where are we where are we pushing this morning with Microsoft? What do we I mean? We're pretty close to three trillion dollars all things considered, right? You jump over the analyze tab on the fundamental tab of the thinkorswim platform You're talking about a company 2.3 trillion dollars. So not exactly apple, but 2.3 trillion dollars You're talking about a company with 7.5 billion shares outstanding. Okay You're trading at 310 dollars as of right now. I just want to give some context to How small this acquisition is in relation to Apple share price and the the volatility that they've recently been trading it So you're talking about 10 dollars per share price for apple represents the 75 billion dollars I'm adding five billion dollars extra change, but you get the point about 10 dollars Okay, maybe even nine dollars and change is the move That they have spent for Activision and yeah, I mean you talk about moves folks just in the last six weeks Microsoft has traded up 20 dollars down 20 dollars up 20 dollars and down almost 40 dollars on Friday's move alone You traded up more than seven dollars from low to high And on Thursday's move alone you traded down 16 dollars and 88 cents point being if they believe this is a recipe for future success and I imagine they may Because the reach that they're going to have for these game makers they'll build in an ecosystem You're going to try and see facebook do it. You're going to see meta do it Maybe this is even a defensive play. Maybe they're making sure that facebook doesn't come out of the gate and buy a huge game maker Like Activision to solidify their reach for call of duty. Maybe they start pushing it out on oculus or something like that Uh, nonetheless, there is a big pot of gold at the end of the rainbow for these companies folks and 70 billion dollars Is not a big deal. I mean look at it made me think of the company roblox Right. Is that how you pronounce it roblox? How do you pronounce it? Uh, quite the haircut for this company. You're going to open it 80 bucks All right Now they're probably getting a little bit of a bid on the news the gaming companies are getting bought up as they are There you go That's the reason they're being hired today because if somebody's buying Activision for 70 billion dollars You better believe this company might be in play when they just traded back from 140 To an area that they've been chopping in chopping around at I mean you put the three here This is as long as they've been public they went public in march of 21 And you're basically trading at a price they were trading at 77 dollars in march of 2021 Really accelerated out of the gate in november yields Probably causing a little bit of a throwback as we start the year But nonetheless roblox made me think of that one now this company you jump over the analyzed tab We're talking about a company valued at 46 billion dollars. They were right next to next to Activision So it would make sense if Activision's hire you're seeing that on roblox because I have not been on roblox But everything I hear they're building quite an ecosystem over there. I'm almost changing the way gaming takes place They're valued at 46 billion dollars this morning if they were going to get purchased Yeah, you're probably talking about 70 billion dollars something like that They are going to open up almost two dollars this morning for roblox shares back to about 81 bucks Now let's jump around just to some of the other tech stocks. We got the nasdaq 100 down almost 1.5 percent You got tesla shares They're going to open down about 25 dollars at 1,023 this morning. We jumped to the biggest company in the world apple Three dollars. They're going to lose almost on the open at two dollars and 50 cents. Maybe 170 78 they're going to open we jumped to google shares this morning google open at about 27 54 All right, let's jump to some of the bags. We kick it off with goldman sacks Expectations were paired for goldman because of how their competitors did on friday and still couldn't live up to the expectations We're down about 16 dollars this morning. You're talking about almost a 4 drop on their numbers and what's it have to do with folks? Rising costs. Where are we? There we are Goldman shares drop after earnings missed estimates on surging expenses equities trading slowdown revenue not bad Right 12.64 billion versus 12.08. I mean if you're a private company and you're supposed to take in Well, if you're supposed to take in 12 billion bucks, you're all right anyway But that's almost an extra 600 million dollars in revenue in 90 days The numbers pretty staggering but guess what they couldn't take it to the to the bottom line 10 81 a share versus 11 76 quarterly profit fell 13 from a year earlier to 3.94 billion Uh below the estimate analysts had anticipated a slowdown in trading would impact the quarter equities desk posted revenue There's 300 million below the 2.43 billion estimate That's quite a miss on a percentage basis shares down about 4% still company-wide revenue in the quarter jumped 8% from a year earlier to 12.64 billion More than the 500 million above the more than 500 million above the consensus estimate there So they beat by 500 million on company-wide revenue, but equities trading they miss they miss on earnings operating expenses Here you go 23 7.27 billion in the quarter Market was looking for 6.7 7 billion 23% Now as I said, if you're a private business and you're running a business that's rising Expenses almost a quarter. I mean if you're spending a million dollars in the quarter You've got to spend 1.25 million dollars in the quarter Yeah, I mean, you know or you spend 7.27 billion in the quarter So earnings disappoint a stark reminder that wage inflation is hitting the banking sector hard Employees are able to demand significantly higher pay I think they say I think I was reading multiples that you're talking about almost a 10 pop in In the pay that they were going to yeah, they don't lift listed here But nonetheless, there's goldman down to 364 now last week on friday We kicked things off with jp morgan really trading lower and they're trading a little bit lower again today And that's even with rising yields. Keep that in mind. All right jp morgan just shaved What 14 bucks off of where it was trading at on thursday now you pull up the daily on jp morgan All right, well back to 157 Listen, if you're looking for a little bit of cover in this market All right for for the potential for this volatility to persist for the next year because it is remarkable folks There's your nasdaq 100. I mean you're talking about giving up. Okay, you back it up to july And we were trading at 15,117 you're talking about giving up six months of action in the nasdaq 100 in the span of Basically the year yeah january 4th. We were trading at a price point of 16,564 What are you down? Yeah 1200 points just like that in the span of 14 days And we give it back just that quick folks s and p's you're trading at 4609 september We were trading at 45 16 Be careful of these ones across the board pretty remarkable the pullbacks that we've had now you take a look at some of the bags Goldman sacks, we're going to open at 363. I mean look how quick the give back is here You got to go back to march of last year You were at 356. You're going to be within seven dollars. You were just trading at 426 some goldman So what are you going to get you're going to get a six you're going to get about a 15 percent haircut Of the highs we had you're almost going to get a 15 percent haircut of where we were in august of last year And you are going to get I mean we're trading at 387 in june of last year We're going to open at 363 and we got the tenure at 1.83 percent and we have three to four rate hikes this year We got a few next year I'm looking at banks in the long term especially looking at banks this morning because they're going to be dealing with Rising costs especially but if you want a little bit of capital preservation Okay, you want a little bit of the opportunity to achieve some of the gains that might come with a rising yield If they get some of these costs under control Maybe this is a little bit of a gift in terms of the pullback You're getting some decent action on prices in an environment with yield rising With cost rising which definitely could hurt banks you're seeing it this morning But something um something to think about as we proceed in 2022 We got two-way market folks. We're going to open the market with the opening bell. 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We just dropped about 100 points just like that in the dow s&p's sitting at about 4603 We get the rustle down about a percent right now at 21 37 Bitcoin sitting at about 41,000 340 Now it's going to be interesting action when we get down near that 40,000 price point in bitcoin again I got to talk a little bit about crypto bitcoin the option market in crypto in a moment As if you need more volatility in that market crude up about a dollar right now at 84 29 and gold at 1815 after some volatility and let's jump to notes and bonds right now Ten year negative by about 17 ticks right now. You're talking about a yield 1.836 1.836 it's continuing folks. We might see 1.85 today very easy that we could see that On that tenure. All right. What else we got going on? Work from home. So check out this one. It's a pretty interesting statistic Shouldn't be too surprising in terms of what our lives are like right now But just a realization of how quickly things have changed and how dramatically they have changed Work from home becoming a permanent part of our jobs are done. Not a surprising Statement there data shows we can expect about 30 to 40 percent of work days to be remote long after the pandemic is over Again, that seems very reasonable one to two days a week And in people's heads folks with technology where it's at, you know, if you have to be at your desk You're doing customer service. You're doing sales. You work in a Retail environment. Yes, you're going to need to do your job in person Many many jobs especially in the united states and developed economies You can use technology to do a predominant amount of that work now the statistics to get into it In the second to last week of december 42.4 of us work days were worked from home. That's according to a monthly survey You got economists out there who couldn't get the answers they needed from government data They're trying to figure it out before the pandemic were from home just five percent That's from two out of five To one out of 20 folks, okay, or you could put it, you know, four out of 20 or one out of 20 paid work days Quite a shift from those alone the share catapulted past 60 percent in the spring of 2020 not surprising there I'm actually surprised. It's just 60 percent as people almost all over the place started working from home Has held remarkably steady at a bit above 40 percent since may 2021 Not lying after the vaccines became available to all working age americans I mean, I would say folks now in january of 2022 and I know there have been some reopens And then some shutdowns again We are very near if not at the place That many companies are where they want to be now We got to get over this last little surge of hopefully this last wave of omicron Um, but once we get past this I imagined That either companies have made the decision to say you got to come back into the office You've seen some of the wall street banks try and get that done They've had to pair some of that back because of omicron But once we get over this last wave if bosses want people back in the office They're going to put that out there They're going to come back wherever we fall in the next month or two with people working from home as some type of bridge I imagine that's where we go from there in the first week of january office occupancy Just 27.9 of the pre-pandemic norm 27.9 percent That's down from 40.6 percent at the beginning of december So we have some omicron going there. Okay in a big way not just covet mid december Just 11 percent of employed americans reported doing any work remotely because of the coronavirus pandemic That's that means that only one out of ten are doing it because of the pandemic. It's not just covet Okay, uh, education gap. That's going to be a big one, of course 51.9 of those with a bachelor degree or higher so they could work from home Well, only 11.1 of those with a high school degree or less could One of the great things about education folks one of the things i'm so lucky for and fortunate for that My dad believes in education and was always pushing his kids myself My sister to get a great education is the options. It gives you in life. You don't have to go um You know Straight to wall street. You don't have to go get a job asap You might if you take on 200 grand a debt, which I would not advise That's a whole another story But one of the great thing is you have choice in education folks no matter what you do with your life So, you know, whether it's yourself your kids out there you get them educated They have choices and unfortunately you're seeing that play out right now with the uneducated people in society predominantly Don't have as many choices and right now you don't have those choices to work remotely 11.1 with a high school degree or less having that option most of the times um, they're in a You know, whether it's a service environment um Physical labor whatever it is full timers in the survey that the census bureau warned that unreal Was unreliable because of low response data during the pandemic. Okay, so there's your disclaimer 15.8 of employed americans said they work primarily from home in 2020 up from 5.7 Nonetheless some pretty stark harsh, uh statistics of the world changing in pretty dramatic fashion out there All right, let's get into a little crypto. So we got bitcoin down at 41,000 All right, bitcoin option shift has some bulls calling 40,000 on the demand for put versus call options is easing uh Yeah, you got a few players in here. They're talking to uh, the world's largest crypto rebounded last week It's above 40,000. Now this article was from january 15th. Okay It's already had a little bit of a pullback over the weekend since it was written But you're down about 40 40 thousands a critical area that they're talking about here Now what they do talk about though is that the bottom of 40 thousands is A view echoed by many analysts in the famously optimistic world of crypto. Okay now Bitcoin's reverse risk a measure of confidence of long-term bitcoin holders is currently lower Then it was at the coins last bottom of july 2021 and now stands in the buy zone Which could give more weight to the indication that this is a bottom Now boy, it's a bottom until it isn't though folks and if it's not a bottom then where is the bottom? That's the one worry here. You see 40,000. You see 50,000 thrown around. You see 100,000 thrown around Um Yeah, nonetheless, we'll leave it at that because uh, you know, all I would say is if you are in there at 40,000 Set yourself a stop because unless you want to ride this thing down to five or 10,000 Which is totally possible Do not let it go below such a critical error if you're looking for a bounce now. We'll keep on the crypto theme crypto.com Suspends withdrawals after unauthorized activity buyer beware in the crypto sector folks. This is the biggest player out there almost I mean, they're the matt daemon and all of his ads right crypto.com suspends withdrawals after unauthorized activity Traders report suspicious transactions on the platform. The customers will have to reset security measures They basically shut it down completely because they didn't know what was going on So deposits and withdrawals this doesn't happen in banks folks. All right, they have Some kinks to put it lightly to work out of the system Uh, the crypto wallet provider and trading platform said in a twitter post that measures Um that the measure was temporary to allow it improve to improve security and would resume activity once the update was complete The company added that all funds are safe. Well, they're safe until they're not safe folks And if they're not regulated, they're not safe. That's the bottom line This company goes bk. I don't think they're regulated. I don't know where they're based But i'm guessing that they're not fdic insured and i'm saying that almost as sarcastic as I can Several users had reported that their crypto currencies at times equating to tens of thousands of dollars had disappeared from their account in recent days Um, no comment from the company technical issues on crypto trading platforms become commonplace crypto.com 10 million customers One of the most prominent platforms in the us Uh, yeah, they're gonna be on the staple center in la 700 million bucks They have a huge blitz going on in terms of matt daemon everywhere and they can't even control it on crypto Stay tuned folks. We'll be right back Are you in the market for buying or selling real estate in the bay area? 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We're down 1.4 percent the dow as well in the russell down 1.3 percent You jump over as they're saying hi ho silver in the den. That's right. Look at that silver chart, man From 2290 up to 2358. We're trading right now up 2 percent on silver up about 45 cents You jump over to gold actually negative on the session But we had some volatility in both directions on gold as well up to about 1820 you get back some of those gains We're sitting at about 1812 in that gold contract. We jump around to some of the fang stocks. Let's see how they're trading Good old apple can't hold a good company down, man It's remarkable how strong apple has been even in the face of everything going on with the sex stocks You got apple trading higher on the open You're down just about half a percent not bad when you got basically the entire indices the entire market down 1.5 percent We jump to microsoft the market actually liken that deal They sure are because microsoft's getting quite a bid from 300 right there at about 815. Now check this out, right? I was just talking about How little that money means now it doesn't mean nothing, okay? It's 70 billion dollars that belong to the shareholders But you have an equity right now that is seven dollars and 40 cents above the lows you have this morning My goodness you were three two 302 and change You've gained 35 billion dollars just since where we were trading at at 9 30 13 minutes ago You can see that this share price has the ability to trade Very quickly when you're talking about a company valued at 2.3 trillion dollars You spend 70 billion dollars. Yes, that's substantial but to put it in context I mean that would be like a company valued at 230 billion dollars Okay, valuing of a company at 7 billion dollars that'd be like a you know, it just goes down and down Right, I mean not a big number that'd be a company valued at 23 billion dollars value buying a company at 700 million That'd be company valued at 2.3 billion buying a company worth 70 million Right, that'd be a company 230 million buying a company worth 7 million dollars I've taken it to an extreme but you get the point I think it's a great acquisition because these companies are going to begin really entrenching the ecosystem that they're going to try and build When vr and gaming becomes a huge part. I mean gaming folks. I'll tell you I've said it many times I've got the oculus quest too. I have very little free time in my life right now between work and play and family and a young child young kids period But it's pretty cool and gaming It's it's kind of changed the way I look at it just looking in one vr headset And the technology is just going to keep going from there folks because the technology Is only going to vastly increase and it's exponential the function that's going to take place It's very hard for our minds to imagine that exponential function But I imagine if you're a microsoft shareholder you got to be excited that they spend that kind of money You got the nasdaq 100 down 1.6 percent today And you only got microsoft down less than 1 percent microsoft outperforming the market when you're out there spending 70 billion dollars for a company like Activision and I imagine Activision ATVI is their symbol sitting pretty yeah sitting pretty at about 85 bucks pulling back a little bit from that number in terms of Where you spiked you jump over to the analyze tab. I think we're probably sitting at about 67 66 billion dollars Where are we at 66.4 billion dollars? So a little bit of leeway there to the upside that this deal doesn't go through completely But I would not be out there buying Activision looking for those last few pennies If somehow that deal does not go through and you pull back to 65 bucks like nothing All right, let's jump over to mr. Elon musk and tesla not bad now about 1.5 percent sitting at 1033 Jump over to google shares this morning google down 2.5 percent so far All right Shopify steps up the china expansion through a tie-up with e-commerce giant jd.com Shopify one of the more volatile stocks during the pandemic you rise and you fall we pull up the weekly 17 62 was the price point just on november 15th This is what we talk about folks. We've talked about I mean you talk about the carnage start to many of the nasdaq equities Meanwhile, you have the nasdaq coming in at all-time highs. This is one of them from 1762 We're down to 1070 you give up another three percent You are back to prices in Shopify folks that you were trading at In june of 2020 still elevated though because we're talking about back to almost 400 bucks coming in To 2020 you're pricing about 600 bucks in february of 2020 the true beginning of the pandemic So still quite a premium from there Shopify is a great platform folks tfn we use them. I imagine they will be around in the future in a big way And tying up, you know anything that allows them to do business in china A great deal not sure why the fundamentals are popping up. They definitely would for a company like Shopify But nonetheless they're teaming up with JD JD said it's going to open an accelerated channel for brands on Shopify to begin selling in china And we'll handle price conversion and logistics from the us to china interesting one Maybe we'll start have to sell some newsletters over on the Shopify platform over in china I don't know. I don't know if uh good old g will like uh some of the action that we're putting out on our newsletters nonetheless All right jumping over to oil Satellite photos show aftermath of an Abu Dhabi oil site attack Uh, so this one tuesday satellite photos obtained by the associated press on tuesday appear to show The aftermath of a fatal attack on an oil facility in the capital city of the united arab emirates by yemen's Uh, who'd who'd whooty hooty rebels, uh the attack They this a long running war you got things escalating over there And you have the attack going in the fear Disruptions to the global energy supplies after the Abu Dhabi attack pushed benchmark food to its highest price levels in years So we jump over to crude That's a little bit of context on some of the news driving that market higher. There it is You put it back on a 15 minute So there you see the volatility to the upside up to about 85 16 this morning still sitting about 84 32 As crude continues to run in a big way and that putting even a greater lift in terms of a disruption Possible with war going on in the middle east in Abu Dhabi All right, what else we got going on up here. Let's see what kind of headlines I got pulled up here Yeah, we'll we'll go back to nft cryptos real quick. Uh, whoops, where are we? Nope. That's not the one I wanted This is Soros winklevoss invest in an nft creator now valued at five billion dollars So they raised 359 million not bad the company's valuation has grown from just one billion in july This is where things really start to get crazy folks when you're talking about a company valued at billion in july And all of a sudden it's january and they're out there raising 359 million. I mean that would have been almost 36 percent of the company in july Well, it's not anymore because they're valuing at five billion dollars now um Just to remark you so anamoka brands corp not really familiar but they are becoming a big player in a big way um So blockchain industry players have seen their valuations balloon over the past year You got ftx trading limited hitting 25 billion in october you got openc going past 13 billion and anamoka anamoka Uh, they just raised october in 2.2 and just like that boom. They're at five billion dollars They got a bunch of players in here I mean look at the list of players. The latest fund raising was led by existing backward liberty and also included You got sequoia china kingsway pacific sea ventures um I'm just reading through so they are Yes, this is what I want to get to so they are hong kong based firm And they have been signing up popular brands and this is where they've been doing deals with Whether it's football clubs over in europe racing competitions entertainment franchises as partners for the creation and distribution of nft So they're partnering with all these four firms And they are going to be pushing out nfts, right? You get a big football club over in europe something like that You're pushing out nfts. It's a brave new world folks nfts But 1 billion 2.2 billion 5 billion just like that over the course of a couple months bitcoin trading at 41 380 stay tuned folks. We'll be right back to finish up the show Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority in technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com And tfnn's youtube channel with tiger tv live every market day from 8 30 a.m To 4 p.m. Eastern for free each host is an experienced trader And gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be tfnn educating investors You might think that if you want to be successful at trading in a stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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That's 877-518-9190 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 All right a couple stories to finish it up. How about this 555.55 carat black Diamond lands in jubilee. They're going to be auctioning that off. Where did it come from folks? They believe it has come from space space a space diamond 555 plus carats the enigma rare gem was showing off on monday the journalist They're going to be auctioning that off. It's expected to go for 6.8 million us 5 million british pounds at least we'll see what that goes for Interesting out there black diamond from space pretty cool All right, what else do we have going on here? Here we go. This is what I want to talk about finally alcohol Now boy, you want to talk about a demise folks sam adams Down another 1.1 percent today. This thing dropped out of bed on friday as well dropped out of bed all year from 1349 Remarkable that you are back to folks prices that we were trading at in august of 2019 for sam adams While they were riding the hard seltzer run to highs and lows Um, but pretty cool alcohol now. I say pretty cool pretty interesting alcohol folks I think is literally one of the worst drugs that humans consume Period talking about all drugs because of the way it's glorified because the way it's socialized because of the way It's just entrenched in all facets of society almost sometimes It's normalized to a point that other drugs are not which allows you to think that it's normal to use it in excess I've done it myself many people have all right and you can enjoy alcohol socially responsibly all that stuff Okay, I do But with that in mind we drink way too much alcohol overall But the statistics here are pretty fascinating. So off-premises in black on-premises in blue Or back folks everybody's back to drinking just the way they were prior to the pandemic when things shut down You had off-premises alcohol skyrocket on-premise drop Now what's interesting is off-premise sales. We're holding above. We're holding way above. All right since 2019 Beer and ready to drink. What's that purple line? That's ready to drink Do you know what that is that is hard seltzers and premixed cocktails folks They took a dive like we haven't seen man when you talk about on-premise Just through the through the the floor excuse me, but nonetheless alcohol is back shouldn't be too surprising But be safe out there folks alcohol use it moderately. Don't drink and drive and be aware It is a drug in a big way these markets Boy, they need some uh, some vitamins or something man s and p down 1.6 percent folks basal Chapman's up next Larry Steve Dave tom o brian my dad this afternoon. Have a great tuesday everybody