 Tommy O'Brien, good morning everybody. I'm Tommy O'Brien coming to you live from TFNN 830 a.m. Thursday morning markets going in both directions right now we're in the red you get the Dow futures off 164 points trading 24,402 S&P negative by 17 trading at 2923 Nasdaq futures negative by six points trading at 9,029 as we speak awaiting the weekly jobless claims number that number gonna hit 3.8 million got a love the Tigers Dan folks they got that information in there before I could find it anywhere else 3.8 million weekly jobless claims that number coming in you see a little bit of volatility happening in the S&Ps on that number but still in lower territory off about half a percent right now jumping over to the commodities gold contract up about $12 at 1726 gold had made a high at about 345 this morning of 1737 oil contract catching a bit as well check out that acceleration $17 and 29 cents up from a low of $10.07 just early Tuesday I mean you're talking about that's basically five in the morning on Tuesday you're talking about 50 hours five zero you go from 10 up to 1725 up about 14% right now you know what I didn't cover yesterday which I meant to cover was bitcoins run on the program check that out bitcoin from 7800 up to 9500 and that is at about two in the morning you dip down to six in the morning to all the way down to about 8800 so moves there in bitcoin and jumping back to the other charts will start things off will start off with the indices Dow 30 making it to a high of 24,784 pretty muted response on that jobless claims number the market basically I guess expecting 3.84 pretty much in line we've now hit over 30 million over the last six weeks for weekly jobless claims why not we'll pull that headline over there it is 30 million over the last six weeks weekly jobless claims were expected to hit 3.5 so we committed 3.84 pretty close to that number all things considered jumping over to other stories we have happening this morning we got a bunch of earnings already out whether it's last night whether it's this morning and of course we get some big numbers Amazon out today among and many others Apple as well I believe Twitter shares out with their earnings let's jump right into the equities strong first quarter results despite expected downturn from coronavirus Twitter Pulitzer guidance for the quarter at the end of March blaming the coronavirus for the slowdown getting into the numbers earnings per share 11 cents revenue 808 million Wall Street had been anticipating earnings per share of 10 cents on 776 million Twitter shares this morning there's your volatility spike up to 3550 the conference call beginning at about 8am not going well I would say not sure what's being said on that conference call but we've had quite a slide from 33 to under 30 now on that conference call other news how about last night we had Facebook out with their numbers soars after reporting stability in ad revenue after fall in March boy these tech companies pretty much knocking it out of the park so far the company's revenue came in at 17.74 billion up nearly 18% from 15 billion a year ago I mean remarkable right it counts 2.99 billion monthly users across its family of apps compared to 2.89 billion I bet Zuckerberg wanted a three there but I bet they'll get there next next quarter regardless Facebook shares there's your action on that news how about the spike last night from 195 to 217 we're at about 209 89 of course jumping around Google you had quite the acceleration on their earnings last night Amazon catching up bid this morning from 2372 we're bid bid in 24 22 by 24 24 right now on the price of Amazon other news items for earnings how about Elon Musk continuing to make a name for himself went on an quote unquote expletive laced rant during the Tesla earnings call talking about the stay at home orders as fascist I was seeing some of these quotes there's your quote they're forcibly imprisoning people in their homes against their constitutional rights but that's my opinion and breaking people's freedoms in ways that are horrible well that's his opinion that was the Tesla earnings regardless of that side show going on Tesla delivering in a big way from 800 we're at about 863 right now you made it all the way up to 886 on the Tesla numbers last night let's see if they have the actual numbers in here so here's the bummer right he goes on this expletive laced rant I pull up an article and they don't even talk about what Tesla actually did why is he taking away from great numbers that they had it's a bummer he continues that side show Microsoft stock also rising on earnings beat and better than expected guidance so Azure revenue growth came in at 62% higher than what some analysts have predicted that is their cloud earnings a buck 51 excluding certain items versus a dollar 32 expected how about this beat revenue 36.91 billion versus 35.68 you're talking about 1.23 billion dollars in 90 days of extra revenue while this is all going on of course Microsoft entrenched in a lot of what we do online Microsoft teams getting a lot of action pairing some of the gains we had last night from 177 up to 186 back to about 180 right now on Microsoft opening a bit higher pretty muted response so far on that weekly jobless claims number just checking back in on the S&Ps you see the slide from where we were at about yes this is last night at about midnight 2965 was the high there zoomed it back out there's your trading day yesterday trading higher and 2965 overnight but we're at about 2928 so you're approaching about 40 points off the highs that we had last night jumping back into it I'm going to talk about this one early because in 24 minutes from right now Tom's going to be hosting his timing of the trade webinar still time to sign up you sign up you instantly gain access to the webinar starting at nine o'clock that'll be archived if you can't attend live if you can't get into the chat room if you're just on mobile you're somewhere you can't access it all of it's going to be archived nine till noon a lunch break and then one till four six hours in there with Tom it's a great time to be in there for a time in the trade webinar folks you also gain market insights his daily newsletter you get a copy of his book worth the 395 by itself without any of that but you get a couple add-ons and that will be archived that starts at nine o'clock and I'm going to be doing the show with Basil Chapman at 10 o'clock this morning he's going to be filling in the saddle filling in that seat for Tom I'm looking forward to getting his take on some of these peaks and troughs Basil did a one day webinar a couple weeks ago as well you can actually still find that webinar under the services tab if you'd like to check out that archive but Tom's going on live this morning 23 minutes from right now check that out on the front page of TFNN and while you're at it the open house this running through tomorrow the last day folks we've been running this started it during quarantine it was almost like probably six weeks ago that we started this amazing enough and we're running it through the month of April we're going to let it run out May 1st tomorrow how about that tomorrow right May 1st it sure is May 1st so this will run through tomorrow check out the open house folks this morning as I mentioned I'm refreshing CNBC out there and our man Peter from Park City's got 3.8 million jobs announced in the den before I could find it anywhere else always good stuff in there checking back as we wrap up the first segment the VIX 3255 and we're getting a little bit of a sell-off maybe we'll have a little market action for that timing the trade webinar as the S&Ps now approaching the pre-market session lows down 20 points check out Tom's webinar folks on the front page at TFNN.com sign up right now you'll be ready for that nine o'clock start we'll be right back if you're in the CD market and looking for a secure investment the Tiger First mortgage program 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CSI 300 China A share bull and bear ETFs China A shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC 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 uh s&p slipping a bit now 2918 we're now at pre-market session lows you see a little bit of a sell-off since 835 we've dropped about 12 points in those s&p's that dial now off about 208 trading 24,359 jumping back to the news of the day uh i wanted to get where were we no i was looking at this might be the best month for the markets i had something there we go so stock surged on wednesday the s&p 500 is up more than 13 percent for the month now we just went over it this is the last trading day of the month right now tomorrow may 1st s&p is up more than 13 percent for the month and on track for its biggest one month game since 1974 dials up 12 percent in april which would be its best month since 1987 right on the board though the month is not over just yet we got a lot to go to in terms of earnings so we do get uh amazon and apple after the bell today jumping into other stocks with action mcdonald's earnings falling 17 percent as coronavirus leads to restaurant closures plunging sales so even with the drive-through is packed mcdonald's not keeping up with where they were mcdonald said in early april that same-store sales fell 3.4 percent during the first three months of the year the company's earnings fell 17 percent with druids 2020 outlook and long-term forecast issued just in february earnings per share 1.47 dollar 47 revenue 4.71 billion net sales dropped 6 to that 4.71 billion so mcdonald's down a bit on that news this morning i was looking at them earlier you were up to about 190 on that number now the conference call just beginning at 830 when i came on the air but you got mcdonald's down about four dollars from 187 to 183 right now on that news what else we have happening jumping over to other equities zoom i wanted to talk about for a moment so they chose oracle as their cloud provider and uh microsoft and google not winning that contract and not surprising folks when you think about the deal made more sense wednesday after cloud infrastructure providers google and microsoft made it clear that they're going after his rooms core business reason why i want to talk about this be very careful with this company zoom they might be around for a while the world has definitely changed on a longer term basis um we're going to be communicating whether it's microsoft teams whether it's google duo i don't even know what google they might google it must have a hangout right i think they wrapped that one up but uh just a run though that we had from where this began you could say in february at a price point of 77 you made to 181 and the volatility here they have to convert people from free accounts to paid accounts to make money number one or they have to start dealing with businesses that will pay them for their services and they have to do that in the face of competing with facebook google microsoft apple amazon why not right um tough sector to be in especially when you have to live up to the growth that your stock just doubled in a period of three months um be interesting to see how that all shakes out for zoom mesis they're going to be having all of their stores opened in six weeks it expects to have it's roughly 775 stores reopened in six weeks should COVID-19 infection rates taper off and local governments allow retailers to proceed all the macy stores have been shut down since march 19th going on almost six weeks macy shares and um in florida i'm sure i agree with it or not um but we're going to start opening back up on monday retailers are going to be allowed to be open with 25 percent capacity restaurants um similar fashion i believe um not yet opened talking about movie theaters nail salons salons of those sorts but 20 i guess that's a phase one so you can see how macy's if we're already starting over the period of the next six weeks but macy shares flat so far about quite the drop off recently from you're talking about 18 dollars at the beginning of the year we hit 438 we're currently trading at 607 for macy's other news comcast post dramatic drop in q1 profit despite cable and broadband bumps amid coronavirus stay at home 2.1 billion for comcast in net income for the first quarter that's roughly 40 lower than the first quarter last year when they earned 3.5 billion revenue jumped 4.5 percent year over year helped by a 52 percent surge specifically in wireless revenue the company's filmed entertainment revenue fell 22.5 percent year over year and theme park revenue fell 31.9 you know disney out with their earnings next week um revenue from theme parks non-existent for the last seven weeks at least probably six weeks cmcsa we're going to open a little bit lower but you see the dive from 47 to 31 back to 39 and this morning for a shorter time frame we're trading down a bit you got a pop on that news we have the conference call beginning at 8 30 there's a 15 minute bar and we're trading lower on that conference call number we're now bidding 3821 by 3850 other action out there stocks making moves craft hines reported quarterly profit 58 cents a share three cents above estimates revenue also topping expectations organic sales rose 6.2 percent craft hines benefited from the increased consumer demand related to the COVID-19 pandemic there's your volatility opening about 60 cents higher at 31 15 from 30 53 signal with their earnings 469 a share they were looking for 435 revenue also above forecast sigma ci as their shares trading a bit higher from 195 up to 203 right now at 199 we covered Microsoft covered Facebook we covered Tesla's rant we did not cover their profit yet though as I mentioned so to get into the numbers there's Tesla earnings per share a dollar 24 revenue 5.99 the market was expecting an adjusted loss of 36 cents a share how about that however estimates varied widely and comparing Tesla's actual results with estimates is in straightforward given the difficulty what's going on with the coronavirus company reported GA AP profit during the first quarter of 16 million pulling up Tesla again quite a pop they got of like 60 $80 yeah we're at 855 up above $55 but trailing off a bit as you can see from that when the conference call began things have tapered a bit but still quite a performance for Tesla in the last 90 days what else we have happening what kind of headlines I got up here qualcom beating estimates by 10 cents a share with quarterly profit of 88 cents a share revenue beat consensus as well q-com those shares so far after their numbers last night spiked to 8301 right now you're trading in about 79 40 up about 40 cents pairing a lot of those gains last night that we did have there ebay out with their numbers 77 cents a share 5 cents above estimates revenue topped estimates as well the company said its marketplace business has been helped by worldwide shelter-in-place orders and it gave stronger than expected guidance for full-year earnings and revenue not pulling guidance giving stronger than expected guidance gotta love that but check that out talk about some volatility on their numbers last night from 41 almost to 3670 you've trailed lower you're down about a dollar 40 at 37 61 on ebay shares exxon mobile they reported they're gonna maintain their quarterly dividend of 87 cents a share at a time when of course many in that industry are giving it up to conserve cash royal dot shell they did just that slashing their dividend by two-thirds exxon and we just talked about oil just went from $10 to 17 this month you see the acceleration up to 49 we're gonna open just a bit in the positive for exxon shares so far this morning at 47 71 checking in on two of the companies with earnings after the bell amazon shares up a bit 30 so dollars 40 dollars almost at 2410 getting a little bit of a pop this morning and apple shares as well 289 right now from 287 we're up to 293 50 as we get both of those numbers after the bell you are 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 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negative territory a bit that's american airlines they're out with their numbers as well this morning american trading from 12 63 up to 13 56 overnight but this morning reporting their numbers and dropping to 11 82 american there's your number 2.2 billion the loss in the first quarter as the coronavirus royal air travel jumping back to the weekly jobless claims number so 3.84 million we're over 30 million over the last six weeks taking a look at a little bit of a trend so last week's number was revised upward by 15 000 to 4.4 million you do see the trend trailing down it's pretty tough when you look at last week was 4.4 million this week now coming in at 3.84 million we're still almost at 4 million if we're trailing off in a small degree man it's going to be a rough go as these things continue hopefully some of those jobs that were lost as the economy reopens those people coming back into the labor force this talks about that they may be undercounting yeah where were we i had it okay we'll jump back into it but that talks about of course the gdp down 4.8 here we go here's what i had i want to talk about the economic policy institute earlier this week estimated that the current claims level probably under counts by as much as 12 million those who are eligible for benefits but not getting them due to inability to file or other rule blocks uh it's definitely some number folks that people are out there that aren't employed that haven't hit those rules yet not sure what that number is final check on the s and p's down almost a full percent 29 13 you see the drop off from the 8 30 jobs number even we're up at 29 30 we've lost almost a full percent on that number stay tuned folks we got larry pizvento coming up live with trade what you see i'll be back at 10 o'clock with basil Chapman filling in for tom and don't forget folks you got time it's starting right at nine o'clock quite a day for it weekly jobless claims almost four million check it out timing the trade webinar with tom out brian sign up you'll gain instant access to that trading room i'm going to jump in there right now between nine and ten o'clock before my program and i hope to see in there check it out the front page of tfnn and we'll be right back with larry pizvento coming up live with trade what you see