 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good Friday morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN after nine a.m. Eastern time. We got about 24 minutes to go until the start of trading. Big morning. We got PPI out this morning. We got bank earnings. We got markets right now. S&Ps positive by one point. You see the day on the chart. We were down to about 47.90 overnight. You're up to a high at about 4 a.m. Eastern time of 48.20. We're right back near the closure day's action. And that's after you had the S&P carried down to a low of about 47.74 yesterday, just prior to noon Eastern time before you got that acceleration higher and we're almost sitting right in the thighs right now of 48.16 positive by one point in the S&Ps. NASDAQ, you're positive by six. You were above 17,000 yesterday. You made your way down to almost 17,750. And you see we are basically finishing right where you got that acceleration to the three big clock highs and then NASDAQ 100 at 16,973. The Dow rolling over to negative territory as I mentioned, you got bank earnings in here. Okay, that's gonna matter. Russell on the flip side of that. Excuse me, you're positive by 13 points. That's seven tenths percent in positive at night. What happened to Bitcoin? What happened? I thought that the ETF went live and you hit 49,435. How did this thing sell off? Be careful in Bitcoin folks. We've seen it happen before on my chart yesterday. Why not? Let's jump to it. We pulled up when futures went live, when the wild, wild West turned into a regulated environment, man. Can you believe that futures have been going on since 2017 folks, December of 2017? But if you remember when futures went live at 20,000 it was a one-way trip down to 3,000 over the next 12 months. That cleared the way for the real acceleration. We've had quite a build up coming into the expectation that the ETFs go live. They do go live. We reach almost 50,000. We've backed off a bit longer term. Yeah. I think Bitcoin's in a good spot. Shorter term. Boy, you got a lot of optimism built up when you just went from 27 to 50 to almost 50,000. Imagine the traders in there. Are you holding on for dear life? Are you hodling? Maybe you are. But I bet there's some that are saying, you know what, maybe I take some profits and reenter at a more affordable price at some point Bitcoin off 500 bucks after the pullback yesterday. You're now about $4,000 off of the highs of Bitcoin, 49,435. We jump to crude. We'll jump to the headlines, but things escalating regarding the Red Sea. You got crude hitting 75, 25. We've backed off a bit where it's 74,3. That's a 30 minute chart. You take a look at the daily. This thing's just been chopping around between 70 and 75. And remarkable to see that is for basically the last six weeks or so, right? You enter that area at the beginning of December. It's about the middle of January. Just been chopping around. We'll push in the higher bound of that consolidation area crude up $2 on the session. A dollar from the highs. Expect some volatility on crude today. Expect it over the weekend. Go contract. There's your, gold up to 2017 yesterday. You're up to 2,061 right now. If you haven't tried out the gold report, folks, it's a great time to do it. It comes with a 30 day money back guarantee, like all of our newsletters do. You got volatility. You got more things that you wake up for. Gold can move as we know. And this morning you wake up. Gold is up $41.50. You're up to 2,060 on the session right now. We jumped to notes and bonds. We got a lot to get to, man, right? Just even the market wrap up. It's always interesting when you got a lot of action makes the shows very easy of course to go over all you got going on. Here's your 10 year. What do we have going on? We got a little bit of higher price and lower yield. But so much for that handle worth 3.97%. A little bit of a soft PPI number. PPI does not include housing. One of the big components of CPI was housing yesterday, right? Not a component of price indexes. Nonetheless, you get actually a decrease in PPI. And we get a little bit of data for everybody. So interesting how it comes, right? Only 20% removed from the CPI yesterday, which comes in hot. The PPI comes in soft. It's just the tail of the tape, as we've seen recently. Very difficult to me under this market when you get data and although there are clear signs in one way or another, there's always some type of conflicting data that almost gives both sides an argument, right? Yesterday CPI is hot. You say inflation's here to stay. It's sticky. While today PPI is soft. You say producer prices are coming down. CPI is gonna come down and inflation is really present when you talk about shelter and other components. It's just remarkable how that continues. But the market shakes it off and holds up relatively well as we're just negative by one point right now. And you catch a little bit of an acceleration from that seven AM Eastern time low on the S&Ps. And we got yields at 3.97%. Here we go. As we come into a really important earnings, right? The economy seems to be doing extremely well. The only question right now is how is the inflation battle going, right? The economy is doing great, man. How is the inflation? Because it seems like things are getting a little sticky as of yesterday's number. We'll see where we go from there. But as we've been talking about on this program, if you've been listening, some of the comps that we'll be dealing with for CPI especially the next few months gonna be a lot friendlier on the yearly basis than the one that we got yesterday. Let's jump into it. Where do we kick things off? We'll kick it off with PPI. So you're supposed to see a rise and we saw a decline. Gotta love that, right? Now it always does not transfer through to consumers as in what producers are paying does not always necessarily transfer through to consumer prices. But I'm sure I don't have to explain that in theory all of those are related. If you're paying more as a producer you're gonna try and charge more to the consumers on the back end of that. The producer price index, refinal demand decreased 0.1% last month excluding food and energy. The core PPI little changed for the third month. Little changed for the third month, right? From a year earlier, it was up 1% and core was up 1.8. The smallest since the end of 2020 friendly numbers to put it lightly. And yeah, as they mentioned they followed the data yesterday that was a little bit bumpy. Prices paid to producers for goods decreased 0.4% in December with nearly 60% of that reflecting cheaper energy. Services costs meanwhile unchanged for the third month. Yeah. So one reason as they stayed here economists at the Fed and on Wall Street parse the PPI report is because several categories including those related to portfolio management and within healthcare, okay? Are used to inform the Fed's preferred inflation measure at the PCE, the personal consumption expenditures, price gauge, okay? So prices for portfolio management and investment advice both spiked while healthcare categories were mostly unchanged. I was listening to them talk about this on Bloomberg this morning how the cost of trading, the fees, they're going up. What happened to $0, right? I've talked about this before, man. If you're trading options you better make sure you understand what kind of fees you're paying because if you've kind of been aloof to the fees that are combined for option trading especially if you're doing any type of decent for 10, 50, 100, whatever it is they are extreme to put it lightly in terms of how much you're trading especially if you're trading low priced options many of them short-term trading there are dramatic fees involved in trading and the brokerage has got to love that they get zeroed all commissions as the headline out there but fees are going up portfolio management and investment advice now that's not even talking about the fees I'm talking about, okay? But nonetheless, they're going up we had a lot to talk about folks we got into the current chat JP Morgan crushing it as usual we're coming back with JP Morgan and the bank stay tuned folks. 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Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for Rocket Equities and Options Report today with a 30 day money-back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN Educating Investors 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 Pezzavento 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 TFNN has launched the Tiger's Zen hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Zen available to all tigers and tigers' for just $1 for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter Steve's award-winning newsletter Mastering Probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free at TFNN all our newsletters come with a 30-day money-back guarantee so you have absolutely nothing to worry about visit TFNN.com and try Mastering Probability 30 days risk-free today TFNN Educating Investors Welcome back folks we got the S&Ps you're up by three points right now you're getting a little bit of the opening bell but we're pushing the pre-market session highs you were up there at about let's get the exact 48, 21, 75 so we're three points away less than now at 48, 19 in the S&Ps we jumped to the banks there's JP Morgan for you so I wonder if that was the expense side of things when at first, no maybe that was one of the other banks that's probably what it was, right? No, that was probably theirs none the less you get a spike lower short lived, you trade higher you got JP Morgan trading up more than $3 this morning at 173, have you closed yesterday at 170, 30 and let's check out their video game style numbers when it comes to profits because my goodness folks they did have expenses jump we'll talk about that as well, right? Expenses jump 29% more than analysts expected speaks a lot to what's happening right now that you can have a company with expenses that are rising 30% and meanwhile the equity is going up because they're crushing it when it comes to profits how does that happen? Inflation to a certain degree what did we just talk about? What's going up investment fees to a certain degree, right? Now, diamond saying inflation maybe stickier than investors expect well, it may be stickier it may not, which one's it gonna be? All right, of course it may be stickier than investors expect that's not even a statement most profitable year in US banking history how about that? Right, the bank's man Seventh consecutive quarter of record net interest income which you see this one on the chart, not surprising net interest income that's the difference between what the banks are on loans and payout on deposits 24.2 billion 90 days might be just more than 90 depending on what three months those are the hall for all of 2024 may rise to about $90 billion for JP Morgan Yeah, and so they're confident diamond saying that they're confident that well, they results in 2023 reflect over earning on both net interest income and credit they are confident in their ability to continue to deliver excuse me to continue to deliver very healthy returns even after they normalize this is what it looks like on a quarterly basis the number on the Y axis is billions 24.05 is what they took in this quarter they were 22 last quarter or just below 22 the quarter before that you see the acceleration now what is remarkable is that even at a time of very little rates in terms of what they had going on even at a time of 2020, 2021 when rates were at zero they were still making $13 or $14 billion in net interest income that is actually more remarkable than what they're doing right now in my opinion yeah, they're video game style numbers as I say right, you're making 24 billion in 90 days but my goodness, it's remarkable to think how much they were making when rates were so low still able to make so much money when in a very low interest rate environment on their assets okay, we get into some of the expenses here so they had a $2.9 billion charge tied to the failures of Silicon Valley Bank and Signature they're gonna be just fine, man the big got bigger and the small got smaller, man we saw how the big banks went out when there was a flight to safety there the FDIC levied a special assessment to backstop uninsured depositors at those firms after they collapsed last year JP Morgan warned it would take the charge which previously estimated at around 3 billion so it comes into 2.9, not bad net interest income oh no, excuse me, pretty close, right they're talking expenses they spent more than analysts estimated in the fourth quarter as diamond-worn than inflation could last longer and many investors anticipate expenses climbed to 24.5 billion a jump of 29% now beyond that special assessment okay, higher compensation higher compensation, right the outlook for adjusted expenses this year is about $90 billion well that's what they're gonna make in an interest income so they're all set, man you get into trading markets revenue climbed slightly beating expectations 8% gain in fixed income traders notched more than offsetting the 8% drop on the equity side investment banking revenue climbed 13% but below estimates as a beat in equity underwriting was more than offset by misses in debt underwriting and advisory, you had charge offs of 2.2 billion and they got a 743 million in net investment securities losses nonetheless, you jump over to JP Morgan they are trading higher at 173.60 seems like they started that earnings call almost an hour ago so probably no surprises coming out of the woodworks just yet as JP Morgan delivers yet again so they're gonna open at 173.50 which I put this thing at an all-time high puts it in an all-time high, man why not, JP Morgan looking to open at an all-time high and that all-time high we just pulled it up, is it 173.50? 173.38, we're just above that number all right, we jump around where are we off to next? let's see, yeah, let's talk a little Bank of America so Bank of America they're actually a little bit lower this morning just remarkable how JP Morgan continues to crush it when the expectations are high and these banks continue to struggle Bank of America, you're down about a dollar this morning that's gonna be almost a 3% hit you're trading at 32.17 you jump over to Bank of America it was the bond traders post a surprise drop as profit slump there it is, net income falls by 56% double the decline analysts expected so you got that same FDIC special assessment okay, we knew that was coming though remember, JP Morgan put out that they thought that was gonna be 3 billion it actually came in at 2.9 over here on Bank of America they have a 2.1 billion dollar special assessment a 1.6 billion dollar tied to the finance industry shift away from they lend it into they're offered 1.6 billion dollars just to shift away from that benchmark remarkable, I hate the money they're dealing with man right, morning our expense discipline allowed us to continue investing in growth initiatives strong capital and liquidity levels position us well to continue to deliver responsible growth in 2024 fixed income currencies and commodities trading fell 5.8% to 2.1 billion and the fourth clients grapple with the period of continued high interest rates and geopolitical tensions so it is interesting when you look at JP Morgan okay, because what happened with JP Morgan there was an 8% gain in fixed income traders more than offsetting the 8% drop on the equities but Bank of America fixed income currencies and commodities you combined it all falling 6% so quite the divergence man you got winners and losers to say the least weaker trading in credit partially by improved trading in mortgages and municipals is what they're talking about there yeah, their net interest income falling 5% to 13.9 billion dollars and the analysts were looking for 5.1% drop so they're going to fall back remarkable when you look at that because JP Morgan they don't have a drop man they don't have a drop at all they just went in the last 90 days from 22 and change to 24 and change yeah they got 1.05 trillion at the end of the fourth quarter you know what they don't include in this article which everybody always loves maybe somebody's got it from in the den because I know we've talked about this number before what do they got in Holton maturity securities that's the loss right now is it like 100 plus billion dollars somewhere on their balance sheet I think it is they're one of the banks that will be helped out immensely if you get that pullback and rate so keep your eye on that one man Bank of America shares yeah they got some issues when you're talking about Holton maturity securities in a fashion but guess what over the next 6-12 months you're going to see a reprieve there coming down the line you talk about a reprieve markets coming into the open in positive territory we're pushing 48-24 pre-market session highs we're coming back for the opening bell don't go away folks TFNN has just launched their new trading room the Tiger's Zen hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Zen available to all Tigers and Tigresses for just $1 for the year there's no catch or added costs when you join our community of traders in the Tiger's Zen you can 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Morgan you're up by 2.8% which is a city we're gonna talk about in a moment city their story of eliminating expenses market loves that man they're knocking out 20,000 rolls you hear that 20,000 we'll talk about them in a second Wells Fargo off by 1.7% we're gonna talk about Delta out with their numbers down 4.8% this morning for Delta we got to jump to Microsoft shares because folks that is now the biggest company in the world it crept up on me didn't even realize they were so close man the creep the creep is real now did Apple get it back they're in a duel man what are we at Apple 2.897 as of right now Microsoft where are we at 2.864 Apple's got it back they're on the charge they're up by 4.10% they're ahead of Microsoft only up by 2.10% but absolutely remarkable that Microsoft now on the heels of open AI right you talk about getting it done man that was a $10 billion investment they made on the get go and they're now the biggest company in the world valued at 2.9 trillion dollars they're basically both 2.9 trillion dollars other companies remarkable to put it lightly we jump over to Tesla shares off 2% continuing the slide to 2.22 you do get a little bit of a pop on the open and we jump to Boeing shares what have we been talking about what do we say all week 2.20 what do we say 2.20 right 2.20 where are we at 2.20 right now on Friday and you're probably making it down to 2.10 and folks you're probably going to fill that gap that gap gets filled at about 2.14.82 okay so you're at 2.20 and on a weekly basis yeah the bottom of that bar when you go back to that same daily that I just showed you the gap take in place the bottom of that bars at about 2.10.81 but it made sense you were coming back to at least this area they had so much resistance at that could potentially be an area of support you're now back in that 2.20 area but nothing preventing this thing going back to 2.00 they got some problems man the story out there why not let's jump over to this one the FAA seems like too little too late and why is this stuff always taken till like pieces of the planes are just popping out FAA to increase oversight of Boeing the regulators are going to audit the production line and look at suppliers it's remarkable that with what's been going on with Boeing somehow the production line I mean doesn't the FAA audit production lines anyway seems like the FAA needs a big long look period mulling third-party oversight of Boeing quality control you better believe it man the doors popping out in the middle of the sky because bolts are loose okay you know the speech that that CEO made it was impact it was empowered it was powerful but I don't believe it he makes a lot of money to be in that role man and to make that speech remember that all right so yeah regulators are conducting an audit of the production line and suppliers they're going to increase monitoring of so-called in-service events on the max nine it's going to consider bringing on third-party to oversee the inspections in quality control they're going to consider it I mean that seat man you know pretty much read something last night this is something consider right many times on planes you got people and you do not need to buy a ticket for your think as long as they're under the age of two now I flew with Tommy when he was two and no matter what he was big enough he needed his own seat period even if they were to let me on the plane without giving him a seat he needed a seat it would have been an uncomfortable experience being on without him but the article was talking about that it's remarkable that somehow we allow parents to sit with their kids on their laps they might not even be belted in right and if that was the case in that seat that kid gets sucked out of that hole in an instant so if you got small kids on planes especially any age right there's always the and I've done it flying with Tommy you know they're jumping around right you got to get the belt on they're jumping around make sure they got their belt on folks we've seen what can happen think it's it's a miracle that everybody was heard on that plane when you think about it but the kids one really got me thinking I got Tommy of course it always gets me thinking he's only a few weeks away from being three years old and yeah strap them down good man because you really never know what's about to happen on a plane it could just be turbulence that's the most likely thing right you're sitting on a plane you hit a pocket of air you hit turbulence the plane dives down for a moment everybody flies up and hits the ceiling that isn't buckled and I digress but always got some issues folks we talked about the beginning of the week and we're right back to 220 right now maybe you catch a little bit of relief right now since you're back to that area but yeah you're negative by another percent right now on a day where you got positive market action JP Morgan continuing higher right now we got the Dow up by 90 points you get JP Morgan up by 2.7 percent Bank of America down by 1.5 percent even though they are cutting and we jump to city so city catching a bit up by 2.9 percent so they're the best performer right now and the market loves a good story of layoffs and saving money man and that's what's going on here how about it they're going to cut 20,000 rolls in a bid to boost returns they're not boosting growth of revenue folks they're boosting growth of profits by saving money fixed income trading revenue reaches a flow it's pretty remarkable right I mean kudos to the management team over there okay because any other way this comes down I mean imagine these headlines right five year low in the quarter for fixed income trading they're going to take a billion in severance that has to do with it but if you just had the the results themselves check out these results that's the lowest number on the chart man since 2018 okay they got a problem in terms of revenue but you know how they're going to fix it they're going to fix it by getting rid of 20,000 people man and it is going to save let's get the numbers here we go so firm wide expenses are expected to drop to a range of 51 to 53 billion okay they didn't give the exact time frame they're going to incur about a billion dollars in expenses tied to severance payments the costs for the year should be about 53.5 to 53.8 but that is already down from 56.4 in 2023 we'll finish this conversation CFNN has just launched their new trading room the tiger's den hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year there's no catch or added costs when you join our community of traders in the tiger's den you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of TFNN.com you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is 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operating expenses in the quarter to cover special assessment to replenish that yeah that right J.D. Morgan came in at about 2.9 billion nonetheless 20,000 rolls they're cutting the market loves it now you jump over to Delta they got issues man walks back the 2024 profit goal on higher costs and wages expenses uncertainty right they also purchased 20 wide body planes from Airbus Boeing no thank you we'll go with Airbus says Delta can't fault them there adjusted earnings now here's the big take on this going to be 6 to 7 dollars a year ah excuse me a share this Delta earnings adjusted about 6 to 7 dollars a share this year they said that in their statement today okay a term profit target for several years of more than 7 dollars and I'm sure they tried to set the bar low right under promise over deliver they said they're going to commit it more than 7 dollars maybe they saw that as the floor that is not the floor anymore now they're coming in at 6 to 7 dollars right analysts expect 650 on average in estimates compiled by Bloomberg so Delta scales it down not immune from elevated costs on other challenges plaguing the industry supply chain shortages increased engine repair times slow the delivery of some new aircraft and they're with it yeah across the board so Delta's down almost 6 percent right now the forecast took the shine off another wise strong quarter people don't care what you did the last 90 days man if you're telling them that over the course of the next year you're going to have problems living up to the expectations that you have have given yeah so they're going to purchase 20 A350 1000 aircrafts from Airbus underscoring the carrier's confidence that strength and overseas travel is going to endure they're going to get deliveries are going to start in 2026 and they signed options to take another 20 wide body models as well 2026 they got to make these they got to make these purchase orders in the beginning of 2024 to hope that you're getting those planes that start getting delivered 24 months later yeah but the last thing you want to hear I mean they you know add up all those phrases I just told you right uncertainty excess profits going down markets paying attention man and you got delta shares this morning up in town 6.8 percent man tough morning for delta let's check around to see those banks how we're trading again on the open JPMorgan up by 1.8 percent you jump over to bank of America down by about three quarters percent for bank of America you know I was looking up I couldn't find the number does somebody have it maybe in the den somebody's has I don't blame bank of America for not publicizing it but what do they add for Holton maturity securities because I'm pretty sure when they release their financials this comes out this one from a quarter 131 I knew it was a hundred at least it's at least a hundred billion right last quarter and it shouldn't really change that much although rates have changed to put it to put it to be fair they have come down 131.6 billion is what they had in unrealized losses on their balance sheet for Holton maturity securities as of their last earnings event so they got some issues man but remember remember that number because that is going to get some help when rates give them some ease on there right for sure you got the S&Ps right now up by 19 at 4834 we're coming right into all-time highs right now at 4838 let's check in on the Microsoft and Apple dual Microsoft up by four tenths percent and Apple up by four tenths percent right now two great companies tough to deny that okay what else we got pulled up today as we jump through it yeah we talked about Boeing right the FAA is going to be coming for them probably a little too late Boeing down by 1.3 percent we check in to 1953 for Boeing shares and what else we got ah let's talk a little bit of oil man this was probably the most tantalizing story overnight the Houthis found more ship attacks after the U.S. and the U.K. have airstrikes they struck targets in Yemen okay and um yeah the shipping industry advises against crossing the Red Sea I would advise against it as well those are usually just private citizens getting paid for a job folks I hope they're getting some hazard pay Iran says strikes to fuel insecurity in the region oil topping almost 80 bucks on that news and yeah they broke this down in the overnight session I mean before normal I'm just cherry picking here but the area needs to be declared safe and commercial shipping has to decide whether it believes it's safer I don't think that's happened at any time soon so I don't know how this plays out right where's the end game on something so simple like this but are you really able to stop something that is being that's occurring through basically you know rebels now Tesla we got Tesla shares lower today their drop on China price cuts and German plant showdown they trim prices on the Model 3 and the Model Y again that's after the story from Hertz yesterday right maybe they're just trying to get it all out we Elon said listen put it out right now man can't we can't get worse you got Hertz selling all our vehicles that was the slide yesterday to 227 you open today to 220 you get back some of those losses were down by 1.5% on a positive market day there's your three-year weekly 223.94 down 326 on the session down about 1.4% we started the year at almost 100 you still have 100% on the year last year that is so be careful on Tesla shares man extreme volatility in the headlines just not friendly 48.38 is the high 48.34 right there let's check in on yields we're checking on the dollar yeah it's continuing right now that's a 15 minute let's put it back to a five look at this action man look at this action right the 10 years at 3.92 3.92 just like that let's check out the dollar oh man we're gonna get a 101 handle by the time the show's over folks and the show's over in about nine minutes the dollar 102.10 just like that we take a look at the daily yeah maybe that was our reprieve right maybe that was the reprieve what do we do we traded from on December 28th about 100 and change you got up to above 103 and just like that we've given it back to a certain degree let's check in on that gold contract as we've had things skyrocketing in gold now up 45 dollars 45 dollars 2064 for the price of gold check out that gold report folks S&Ps up about 16 NASDAQ up 64 Dow up 21 all right and don't forget folks we got a long weekend we are not going to be here Monday the market's not going to be here on Monday the market closed for Martin Luther King day on Monday and yeah so we'll be closed we've got a nice long weekend always interesting how we get the holidays extra loaded at the beginning of the year because we we get MLK day you got Presidents Day I think it is in February is that right Washington's birthday then you get Good Friday in March you get Memorial Day in May and then the rest of the year you kind of just stuck a bit you get June 19th you get July 4th you get Labor Day Thanksgiving Christmas but the beginning of the year feels like what do we have we just had a long weekend for Christmas long weekend for New Year's long weekend for MLK day I'll take it baby closed for Monday but we got one more segment folks stay tuned and we got live programming all day today we'll be right back the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai Gold Exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX the Dollar, Bonds the South African Rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to Tom O'Brien's gold report newsletter now at TFNN.com you might think that if you want to be successful at trading in 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get the NASDAQ up 52 points above 17,000 you're up by three tenths percent Dow only in index in the red get back about 100 points of those gains as you were all the way up on the opening bell up to a price of 38,031 we've given back about 110 points in the Russell man Russell strong like bull up by 24 points that's 1.2 percent we check in on bitcoin continue into slide 45,000 45,000 in bitcoin man we've seen this before in terms of any times you've had that big event on bitcoin that's on the horizon usually it's a scenario of buying the rumor selling the actual news and then think we're seeing that again as bitcoin down 800 bucks on the session right now you got crude up $2.20 we got to keep our eye on the dollar man you're trading commodities up a little bit of a boost there so we're not getting a one-on-one handle I guess just yet dollar saves itself we're at $102.18 you got the gold contract up $43 at $2,006 and let's check around to some of those equities with their numbers yeah delta be careful man they're not making as much money as they thought they would and they really don't have a good answer for that they're down by 6.3 percent right now for delta city on the other hand they have an answer and are making as much money but guess what they're going to cut 20,000 jobs and that's going to be their solution the market says we like that solution we're up by 1.3 percent today JP Morgan they got no problems man they do have a pullback though check that out man that's probably what's driving some of the Dow action off by a dollar excuse me up by a dollar 88 but you just gave up four dollars what is that two and a half percent pullback back from where you were at 176 for JP Morgan we finished out the banks well as far go down by 1.5 percent right now Bank of America shares off by about 1.3 percent Tesla in the news off by a tenth percent we check back in on Microsoft and Apple with the dual to be the biggest company in the world Microsoft up by three tenths percent Apple up by four tenths percent folks thanks so much for kicking your Friday off right here at TFNN have a great long weekend but before you do we got live program and coming up we got our man Basil Chapman with the Tiger Technicians Hour coming up we got our man Steve Rhodes we got fast marketed at 12 Harry Pezzavento coming up at one o'clock and we got our man Jacob Shoup doing an outstanding job he's filling in for Tom from three till four my dad will be back on Tuesday folks stay tuned for Basil he's coming up right now have a great Friday have a great weekend everybody