 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN 8.30 a.m. Friday morning, 60 minutes to go until the opening bell. Options expiration Friday as well, and markets starting off to the positive side in quite a quick way. Last night, right after the market opened, you had a report that Gilead, they've got a drug that may help in the treatment of COVID-19. Markets accelerate higher. We got the S&P is trading up 75 points. That's 2.7% of the green right now, trading at 2863. NASDAQ up 159 points. That's 1.8% trading at 8893. The Dow up 724. That's more than 3%. Trading at 24,133. We were almost 200 points higher at one point overnight. You see the acceleration. Things began right at 430. The futures closed from 5 o'clock till 6 o'clock. Those markets were open back above 24,000 in the Dow. Start things off. Let's take a look at the indices. We'll start things off with the Dow that we covered. We've kind of been hanging right where we are since about 6 p.m. eastern time. All the news having to do with this report, and Gilead of course, up dramatically 16%, coronavirus drug trial shows encouraging early results. This story coming out right after the close yesterday. Excuse me. Gilead trading higher. The University of Chicago's phase three drug trial found that most of its patients had quote unquote rapid recoveries in fever and respiratory symptoms and were discharged in less than a week. So that story hit last night, encouraging news for sure. And the markets accelerate higher. Jumping over to the S&P 500, there's your acceleration from a close of about 2785. We're trading almost 80 points above that level 2863. We're above 2880 briefly at one point. Pretty remarkable, right? You're 120 points away from 3,000 in the Dow. And the lows, I believe we were at a 21. Were we at a 21? Let's put this back on a daily basis. 2174, I had to check myself. And we're climbing within reach of 3,000, which was when we got this first little area here where we actually bounced from February 28th to March 4th, and then the ride down really began. Jumping over to some other action going on. We covered the NASDAQ 100, 8889, crude oil. Talk about an acceleration to lower prices. Crude, last night at about 3 a.m., falls out of bed, already basically approaching all-time lows. Crude, we almost got a $17 handle. We were six pennies away from $18. And guess what? We're only 16 pennies away from crude, climbing below $18. Remarkable. Gold contract pulling back as well actually dipped below $1,700 at around 6.30 this morning for gold. We were up there Thursday morning at about $17.67. So you're talking about $70, $70 gold, trading with some real volatility, though, because in the last two hours alone, gold up about $18. Looks like nothing on this chart, but that's because you just traded down $70 up $15. Gold with some volatility on a Friday, and the euro-US dollar, euro at $108.62. What else we have happening? China had their numbers coming out last night, and quite a number indeed. The Chinese economy, China saying its economy shrank by 6.8% in the first quarter as the country battled the coronavirus. China reported that its first quarter GDP contracted by 6.8% in 2020 from a year ago. Analysts, we're looking for a shrink of 6.5%, so pretty close. The forecast from the 59 analysts pulled range from 28.9% contraction to a 4% expansion. Can I ask you something? Who's the analyst that was looking for a 4% expansion in China in the first quarter of 2020? Nonetheless, Chinese economy came to a standstill earlier in the year as Beijing implemented large-scale shutdowns, and there's your graphical representation of that decline. The world's second largest economy they talk about here. Yeah, here we go. I was looking for the contraction in the first quarter is the first decline since at least 1992, when official quarterly GDP records started. Do you see that? At least 92 when the official quarterly GDP records started. An amazing run that China had, but like the rest of the world, dealing with some woes. We got earnings still, proctor and gamble. US sales surged 10% as consumers stocked up ahead of coronavirus outbreak. Adjusted earnings of $1.17 a share. Revenue $17.21 billion. Sales surged as consumers stocked up on staples like toilet paper ahead of the coronavirus outbreak. Changes in foreign currency hurt PG's overall revenue, causing the company to cut its sales forecast. Fiscal third quarter net income, $2.92 billion, or $1.12 a share. Net sales rose 5% to $17.21 billion. In its baby, feminine and family care business, which include Pampers, organic sales, rise 7% even though demand for its baby products weakened in China. Its second largest market. The company warned in February that its third quarter profits and revenue would take a hit. Wall Street anticipated earnings of $1.13 or $17.46 billion. Jumping over to proctor and gamble. Proctor and gamble held up very well during all of this. And we're going to open a little bit higher today. You're about a buck. Your bid ask $1.2250 by $1.2251. The highs before the collapse in the market began at about $12809. We were as low as $94 zooming in to see the volatility. With the rest of the market, you traded up last night as we got that news on Gilead and a possible treatment for people getting better from the COVID-19 coronavirus. And then they come out with their earnings that was 7 a.m. this morning. You trade from $125 down to a low actually of $11880. As I mentioned though, we're up about a buck right now from yesterday's close in Proctor and Gamble. Other stories out there. So we covered Proctor and Gamble. We covered Gilead. Slumberj, they're out with their earnings. The oil field services company beat estimates by a penny share quarterly profit of $0.25 a share. Revenue below street forecast. Slumberj slashed its quarterly dividend by 75% to $0.1250 from $0.50. That is quite a slash. Slumberj took a one-time charge of $8.5 billion during the quarter related to impairments resulting from the coronavirus outbreak and the severe decline in oil prices. That is quite a one-time charge. $8.5 billion SLB. Jumping over to that chart. Whoops. SLB. So you see it actually traded higher with the market. Kind of right where we are. I mean, the market anticipating, if you're in the oil services sector, you have been getting pummeled, and there you go from $40 down to $11. You were at $50 back in May. Let's even put this on a little bit alone. You want to see a crazy chart. There we go. From $118 in June of 2014 to $14. Tough run all the way down. And while we're looking at that, there's your chart accrued. What are we looking at here? So what is... did crude? This is showing crude at $2,501. Is that correct? It's not what I had. We'll have to figure that out. Yeah, there's $1,788. I have in the May price of crude, sinking lower as we speak. Stay tuned, folks. We'll be coming back from the break. Jumping over to the VIX as we await the market open. This market charging higher. The VIX approaching the lows that we had on Tuesday of $37.31, currently trading at about $38.35 right now for the VIX. We're looking at $2,700. S&P's positive by $72. NASDAQ positive by $150. We'll go into some of the stocks moving this morning. Dow up 3%. S&P's up 2.7%. Stay tuned, folks. We'll be right back. 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%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year, or $6,200 over the four-year period. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com, then hit Watch Tiger TV. That's TFNN.com, then hit Watch Tiger TV for the latest market information. Welcome back, folks. S&P is positive by 73. The Dow positive by 719. Getting back into some of the equities with some moving action. Let's just jump in around this morning, checking in on a variety of equities, seeing how they're trading with the market, accelerating so much, and you can really see when you get the type of news story, they can really drive something higher in terms of potentially opening back up the economy, a treatment, opening back up businesses that have a lot of people in the same area. Look at the move in Disney this morning. You're up $6, you're up almost 6%, 5% to 6% pre-market right now. On that news, in terms of Gilead, Uber shares, couple things rockin' Uber. That run from 27 up to almost 29.45, currently trading at 28.45. Some of the stories out there, stocks making moves. I'm just gonna slide down to Uber since we covered it. Uber said results in the March quarter will take a roughly $2 billion hit to write down the value of various minority equity investments that have been impacted by the coronavirus outbreak. The ride-hailing service also set a financial assistance program for drivers and delivery workers would cut up to $21 million off revenue for the first quarter and up to $80 million for the second quarter. Folks, a company like Uber to assist their drivers during a time like this, $20 to $80 million does not seem like much, and I am an Uber bull in the long term, but nonetheless, jumping back to some of the companies with earnings. Banks still at it. Regions financial, $0.14 a share. The estimate was $23, revenue also below forecast. Regions increased its credit loss provision to $373 million from $96 million at the end of the prior quarter. Not as big of a rise as some of the banks out there in terms of the amount of money they're putting away this quarter compared to previous quarters. Nonetheless, checking in on them, RF is their symbol. You see it was trading higher, pulled back a bit on their numbers out so far. Moderna, they're gonna get almost half a billion dollars in government funding to help accelerate the development of its experimental coronavirus vaccine. One of the things, you know, I personally have been holding out hope for is that all the timelines you hear, hopefully they're understated because the world's never seen anything like this before. You come together, maybe you get a vaccine out quicker than usual, maybe you get a treatment out as we're seeing quicker than usual when you have the whole world shut down. If I was a brilliant scientist and I had any idea of what it takes for vaccine or treatment, you have to imagine that there'd be no greater achievement than helping the world open back up and make that happen. That's about, from basically $40 up to almost $50 there in that market action. So Boeing, they're gonna resume limited commercial jet production in the Seattle area on Monday following a three-week shutdown. The jet maker had suspended all production in the region in response to virus concerns and travel restrictions. Boeing, quite a pop. Check this out. From last night, you were at $134.24. We might open at $150. You're talking about 11, 12% from where we were yesterday on options expiration. There's a lot of volatility out there for some of these equities after the close yesterday into this morning. Apple as well downgraded to sell from neutral at Goldman Sachs which points to the potentially significant effort of the coronavirus on demand. So they're talking demand because, not supply, Apple started pushing out phones from China last month, I believe. But nonetheless, demand. They're now at a sell on Goldman and checking out Apple shares. You see the drop off, right? We were hired at $296. We just sold off $11 Apple, actually negative today when you have S&Ps up about 70 points. And keep your eye, Apple, definitely one of the companies has not held up as well as some of the tech stocks in particular. I mean, you're this low. Yeah, if you ever bought the low at $212, you're doing just fine. But you're still a solid $40 away from that high as compared to, I mean, you pull up Microsoft, right? We're inching towards it. Microsoft is going to open at 180, folks. The high is 190. You're right up there, let alone. How about we got to talk about Amazon, right? What are we looking at open at today? So you're actually in the negative, maybe breathing a bit for Amazon since we just traded from up 20% this week alone on Amazon from almost 2,000 to above 2,400. Remarkable run there. Netflix shares. Check out that run. Pretty similar almost to Amazon, right? Hitting the top of its range and just loading through it this week as you're at Netflix at about $430 is where that's going to open it this morning. Walmart shares as well. We're going to open at about $130, so Walmart pairing its gains. I mean, what you've seen is when some of the companies that have held up well and are up 15, 20% during this coronavirus pandemic, those companies are the ones that you're going to see pair some of those gains when the market figures out that we have a possible treatment, that we have a company like Disney. I mean, check that out, right? From $153 down to $80 just for some context. We're only at $108 which is right at where we were basically the bar of April 8th. You reached a high excuse me, April 9th. You reached a high of $107.99 So basically just right back to there Disney with a lot of room to make up and even the likes of Uber. Uber's going to open to $28. You see it's sitting from the highs of about $42. Other stocks out there with action. Intuitive surgical. They reported their quarterly profit $2.69 a share. They beat estimates by $0.15 revenue also topping expectations. ISRG is their symbol. Yeah, so you're going to open let me just put this in shorter time frame quite a pop for them from under about $5.10 to about $5.35 and checking in on Amazon. Yeah, Amazon right now trading $23.67 by $23.72 Other airline action Southwest asking its unions to consider potential concessions to aid in what's expected to be a slow industry recovery according to Reuters. The story out yesterday Southwest, LUV and the airlines had figured out a deal with the government in terms of funding so that was happening trying to pull up what day that was was that Monday or Tuesday American yeah that was I guess Tuesday evening they inked that deal you saw all of these airlines American Delta Southwest JetBlue so that was the end of Tuesday action you pull up Southwest there's the end of Tuesday action you were trading at about $34 and change made it up to almost $38 you're at $30 yesterday I mean you know you drop off eight bucks even if you from $35 you fall $5 in two trading days after the news is revealed that these companies have secured up to $25 billion between all of them I think but Southwest they're gonna open up a bit today with the market you could say on that news Facebook they canceled all large in-person events check out this date folks through June of 2021 and said employees would be required to work from home through at least the end of May so it's one thing coming back to work right it's one thing reopening the economy these types of large in-person events unfortunately whether it's you know something like a hockey game a baseball game a football game having events with 30 40,000 people in the same arena not sure we're gonna see that in the near term let alone huge conferences bringing people together from all over the world especially when you get used to doing that type of action remotely whether it's zoom whatever conference technology that you're using Facebook ahead of the game I mean it's remarkable you're talking about 14 months they've just gone 14 months out and said that we're not gonna have a large in-person event until the middle of next year something to keep in mind as they get maybe one of the first companies to really put that off travel industry right think about that the travel industry they're not gonna deal they're not going to see that type of travel for corporate whether it's corporate whether it's a leisure but nonetheless really hitting things in terms of a year and a half Lululemon said the CFO will leave the company on May 8 to take a job in a different industry we'll jump over to that chart as we get into break Lulule actually trading higher with the market but for some context there there's your drop off from 266 down to 128 gonna open today at 215 though stay tuned folks coming back from the break we'll see what else we have on top for Friday Action 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 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 our number one 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acids nature's preferred system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right Paige 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 S&P is positive by 70, Nasdaq positive by 147 we got about 35 minutes to go until the opening bell jumping over to other stories out there news items would be 10 year treasury yield .62% right now in the positive we have the FTSE up about 3% DAX up about 3.5% KAKURO 3.8 Japan as well check out the Asian industries the Asian indices I should say Nikkei up 3% HSI 1.5 Shanghai 0.6 KOSPI 3% and for a little context the volatility we've seen recently the S&Ps since April 1st some volatility just even this week alone right up 3% on Tuesday down 2.2% on Wednesday we're going to open right now but at about 2.5% in the positive for the markets and one final story as we wrap things up Google told to respect Europe's privacy rules as it works on a coronavirus thing app one of the things talked about of course in terms of just remarkable the technology if you've seen the visuals in terms of being able to trace people on their phones where they are all times hopefully you don't see this type of thing used to invade personal privacy it's very important they keep track of that Google shares today we're going to open putting this on a shorter time frame up a bit so far whoops up a bit so far this morning on Google with the market there's your acceleration to about 1290 on Google shares and speaking of or wrap it up by checking out the VIX as we continue market action S&Ps positive by 70 you get the VIX right now trading at 3871 we'll jump around to some of those other fang stocks so far this morning you have Amazon off a bit from where we were yesterday Microsoft holding up well up $3 so far Apple with their downgrade suffering a bit negative about a dollar so far stay tuned folks Larry Pezzavento live with trade what you see coming up from 9 till 10 a.m. for that opening bell I'll be back at 10 o'clock with Tom fast market at 11 basil Chapman at noon Steve Rhodes tonight Tom O'Brien all this afternoon Friday trading options expiration S&Ps positive by 70 point stay tuned folks Larry Pezzavento coming up right now we'll be right back