 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 Thursday morning, just after 9 a.m. Eastern time. We got some inflation data this morning, a little bit hot. We got markets pulling back a bit from the overnight highs. S&Ps right now still positive by three points, trading at 44.12 right now. We were as high as 44 Thursday, 44.30. You see the drop-off on that 8.30 number. We'll get into it in a moment. But you have consumer price index. Consumer prices rising 0.4% in September, more than expected. You multiply 0.4% times 12, and you're at a 4.8% number. Doesn't mean that's the annualized rate right now, but if you take the last 30 days, we went up 0.4% in September. There's 12 months of the year. You multiply that number times 12. If you keep at that pace, you're at 4.8%, not quite the 2% they're looking for, to put it lightly, right? PPI number, a little bit soft yesterday, always doesn't translate. You get a hot number on the CPI this morning, but what do we have? A little bit of a reversal of the recent trend with the S&P pulling back. Markets still in positive territory across the board right now, the NASDAQ 100, positive by 10 points. You see the drop-off on that number at 8.30. The Dow right now positive by 46 points, trading just above 34,000, 34,000, 36,000, and the Russell, positive by three, little bit of volatility there as well. We jump over to Crude, talk about some volatility. Crude comes back, fills that gap from the futures open on Sunday night, you pull back to an $82 handle on Crude, and then boom, just like that. Since about 2.30 Eastern time in the morning, you trade from $82 and change, we just got above 85, 85.08, the price of Crude. Gold, little bit of a drop-off on that CPI number, but still some lofty prices for gold. We almost hit 1,900 this morning. We're trading at 1,892 right now. You jump over to the Dollar Index. Now, we had reversed to a 105 handle. What do we have? We have yields rising, right? So that is correlating to strength in the dollar, and we jump over to the 10-year. You were up to 108.16, just prior to that number. Let's put it on a one minute so you can really see the acceleration. Somebody was thinking that you might get some action the other way, probably. I'm not sure if that number came out a few seconds before 8.30. Nonetheless, you had a spike just prior to 8.30. The number comes out at 8.30, and we trade to lower price and higher yield, and you're talking about a yield right now, 4.612%. Now remember, we were just at 4.84, so you're still a quarter point, basically below where you've been trading at within the last eight days or so. Now, what's interesting, I've been talking about the 10-year as well. You take a look at the 10-year on a longer-term basis. What are we doing? We're bumping up against the upper boundary line of a pretty well-defined channel line in the 10-year. Critical area, and interesting, that's where you get the reversal. You zoom in at, I was talking about this area yesterday when you're just chopping around yesterday morning, coming into the opening bell, coming into the nine o'clock program. We had pulled back a bit. When I was doing my program, we got as low as, what, 107.27 yesterday? Look at the volatility, right? Even taking that spike out of things, we got up to 108.09, and just like that, we're trading lower every time it seems like, you know, and my dad's been calling for it, and we'll see what happens, man, because it seems like the rhetoric from the Fed is that they are done hiking for now. But how you done hiking for now, when you got consumer prices going up 0.4% on a monthly basis? Boy, it's gonna be interesting, right? Let's jump over to the VIX. We got the volatility index, still under 16, 1587. You do have markets in positive territory. So quite the pullback, quite the reaction to that 830 CPI number, and we'll see where the day goes from there as we got about 20 minutes to go until the opening bell and jumping into some of those numbers that we got this morning. Consumer price index, 0.4% on the month and 3.7% from a year ago. The market was looking for 0.3 and 3.6, so a hot number there. The core number, you take out food and energy, 0.3% on the month and 4.1% on a 12-month basis. Now, we've been talking about how it's gonna be interesting here across the board when you've had a hot headline number. Right, I mean, look it, back it up to last June. 9% and core was 5.9. Well, the headline number dropped from 9 to 3, but you only got the core number dropping from 5.9 to 4.1. The dicey part here is you're at 0.4% on a monthly basis. That's a pretty hot number, man. 0.4% on a monthly basis, you continue at that rate, right? Is going to exceed 4.1% on a 12-month basis. But what is gonna happen is you're gonna start getting an uptick in some of the energy prices, potentially, but we've been talking about that as well. You see a little bit of a reversal there. Now, what's gonna happen to the core number when you go, because that's what the Fed cares about most. In keeping with recent trends, shelter costs with a main factor in inflation costs, the index for shelter makes up a third of the CPI, accelerated 0.6 for the month and 7.2% from a year ago. Energy costs up 1.5%, a 2.1% pick up in gas prices, 8.5% for fuel oil and food was up 0.2% for the third month in a row. Services prices, that's a key for the longer run direction of inflation, also posted a 0.6% gain, 0.6% gain. Excluding energy services, let me do that one again. Services prices, considered a key for the longer run direction for inflation, also posted a 0.6% gain excluding energy services, and were up 5.7% on a 12-month basis. Vehicle prices, new vehicles up 0.3% used down 2.5%. Real average hourly earnings fell 2.2% on the month, and that is basically the difference between the inflation rate and the 0.2% gain in nominal earnings. And then you get jobless claims this morning as well at 209,000, pretty much unchanged from the 210 that came in last week. And yeah, we got the minutes last night of the Fed. Multiple Fed officials have said that the increases could negate the need for further policy tightening in yields, right? Well, we're getting a little bit of a reversal of that this morning. So what happens when we get a full reversal? Now, I say full reversal. Let's keep some context in on the move we've had since May folks. May 4th, you're at 117, we're at 107. Okay, we just went from 106. There's no reprieve just yet. You're gonna need a substantial retracement to undo what this market has just done. I mean, even on a Fibonacci basis, take a look. Okay, if you're looking for levels, I mean, 110, 110 is the 382. And that's a nice area because it comes back to the lows of July. It also comes back to somewhat the lows of August. And you're looking at an area of 110.10. That is what? Two and a half points from where we're at to higher price. So you need a substantial pullback to get any reprieve here because of the move you've had. And that's putting it lightly, I would say. Now, I've been talking about the risk-free rate of return. I've been talking about the CD rate and especially taking a look at the five-year ladder. And it's gonna be interesting to see how this thing reacts right now because we were at 5.13. Yesterday, I checked it. You were pushing 5.06. You're off a bit at 5.11. You also have abated a bit, but context is important from where we just came in May. The 10-year at 117. We're at 107 right now. S&Ps barely holding on to gains right now. You're up by one point, Nasdaq 100. Just rolled over in the red as we speak. Stay tuned, folks. We'll be right back. Lots to talk about. 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Back folks, we have the S&Ps up by one right now, NASDAQ 100, slightly in the red. And I apologize, I didn't have my charts up there for the first segment, shame on me, man. So jump in back to this 10 year real quick, okay? Taking a look at the channel line that we've been talking about on the 10 year. You're at 117 back there on May 4th. This is a daily chart you're looking at. You trade lower, you spike to a low of 10603, just more than a week ago. I think that was last Wednesday that we hit that low. Let's back it up. There it is, early last Wednesday at 10603, you just spiked to 10816 before the CPI number. You're back to 107.23 right now. We have yields rising a bit. You have a little bit of strength in the dollar. And what I was talking about there, putting this back to a daily, okay? If you're looking for some possible price action in terms of a bounce, even on a 382 basis, right? You're talking about almost 11010. And that does correlate to the area, which is why I wanna break it up. So you can check out the charts that correlates to the area, the lows of July. Also correlates right to the bodies, the lows of August. So maybe that's an area. I don't know if we're gonna get up there, but you start hearing these things if we're getting a bounce in fixed income, we're getting a bounce in the tenure. Boy, there's no bounce. That is well-defined within the channel line. And we just got a reversal at the top portion of that channel line as CPI runs hot. And what are we? What are we? Three, less than three weeks away from the next Fed meeting. All right, and jumping back real quick to those CPI numbers as we jumped through it. This was the chart I was taking a look at. I thought you were seeing what I was talking about. And this talks about the year-over-year percentage change as of September, 2023. When you're talking about the CPI, you have the headline number in the solid blue line here. You have the core number in the dots. We have a reversal from the 9% headline number in June of last year. We reach a low of 3% in June of this year. Since then, you've actually went up to 3.7% on a headline basis. The core number's still coming down. But boy, we got a hot number of 4.4% of the month there, 0.4% on a month, right? You can only have five months like that and you equal 2%. That's not even compounding, right? Cause every number that you go forward with, when you get a hot number of 0.4%, you go 0.4% the next month, you compound it, you're actually at more than 0.8%. I know it makes sense, but reiterating it, that's a hot number on a monthly basis, man, to put it lightly. Yeah, I'm gonna talk about this. Why not? We'll jump over it. Social security cost of living adjustment, 3.2% in 2024. Well below this year's record-sending increase, people have probably seen it. I mean, check out those two numbers that we just talked about, right? We just talked about the headline inflation number, sitting there, what, 4.1%, something like that. Not exactly for social security, they're gonna see 3.2%. The annual cost of living adjustment for 2024 is 71 million, social security and supplemental security income beneficiaries. The change result in an estimated social security retirement benefit increase of $50 per month. The average monthly retirement benefit for workers is gonna be 1907 up from 1848, pretty marginal rate on a monthly basis. The 2024, yeah, much lower than the 8.7% number that they got this year, the biggest boost in four decades, also lower than the 5.9% they got in 2022. But take a look at those three numbers, right? You add those three numbers up, man. You're talking about, what, six plus nine is 15, plus three is 18. So you're looking at an 18% cost of living adjustment over a period of three years. So that's why when you see these numbers, man, that like UPS drivers, right, are getting a 25, 30%, 40% raise, I mean, social security just got an 18% raise over three years. And what's so interesting is, is that you see those numbers for the union contracts like UPS and many others coming out. Is there always saying how much they're gonna get in four years or something like that, right? That at the end of that contract, UPS workers will be making $140,000 a year, et cetera, et cetera. Well, social security worker beneficiaries alone, they're gonna be up 20 plus percent over a four year period. All you have to do is hit about 2% next year and you're up 20 plus percent and they should be. If you're really adjusting for the cost of living, which is what that is supposed to be, that program, social security is supposed to be adjusted because it's supposed to be there to actually provide a living, et cetera, right? All right, we jump over to Delta. Delta Airlines profits jump over 60%. It's been a strong summer of travel, man. We jump over to Delta before we jump into some of those numbers. Delta's gonna be up to 3710. Yeah, check it out. Yeah, they really did. Some of my friends were talking about this. They changed their rewards program under fire from customers last month when they announced it would make it harder to earn elite frequent flyer status. The group chat was up in arms over that. It would cover a couple of friends that travel business in particular, but nonetheless, strong profits, man, particularly for international trips through the carrier forecast, excuse me, though the carrier forecast, full your earnings toward the low end of an earlier estimate after a jump in fuel prices. We're back to that conversation, right? They're looking for full year earning six to 625 a share after forecasting $6 to $7 in July. We've had quite a shift in the price accrued since then. Delta cut its free cash flow estimate for the year to 2 billion from the 3 billion. It's quite a shave. They just lost a billion dollars of free cash flow, man. It's wild, the numbers these companies deal with. They expect solid travel demand in the last three months of the year. Revenue will rise nine to 12% from the same quarter of 2022 with per share earnings of $1.05 to $1.30 in line with estimates. We expect many of the same trends to continue in the fourth quarter. Earnings, 203 versus a buck 95 and adjusted revenue pretty much in line. They missed by a 0.01 billion dollars. Also known as what is that? Be 10 million bucks. Got to recalibrate my brain when you're talking about millions to billions to decimal points and the revenue up 13%. Strong numbers, right? But they are gonna face a little bit of a headwind as you go forward with the price accrued. Delta up this morning, up to 37.10. You take a look at some of the other airlines this morning, catch a bid on that news. You got American, up by 10 pennies, not too much. You got United right now, up about 60 to 90 cents. Right now you jump to the domestic carriers. JetBlue, we're talking about this one. I've been looking at some JetBlue fares recently, maybe taking a trip up to Boston. Don't touch this stock, though. Do not touch this stock. Doesn't mean that they can't rebound, okay? Does not mean that JetBlue cannot rebound. But boy, when things get dire, right? 2008 to 2013, this thing chopped around between five to 750, not even that, three to 750. And you're back in those doldrums. Can't believe you made it back there. After the run-up they had to 27, the Corvina collapse, you test the high coming in. I mean, look at the technical indicators in terms of how, just a double top, right? What do you do? You come into COVID at 2165, you get to 2196 and then sell off. And for all those people that were holding, you got your money back. And boy, I hope if you had any plans to sell it anytime soon, you got out, man. Because that was quite a reversal down to $4 and change in JetBlue. I used to love JetBlue. My friends are not fans. During the pandemic, they were struggling to say the least, you backed this thing up as I did. Yeah, just go public in 2002. You run up to $31 and it's been a disaster for most of that chart outside of a few accelerations to higher price. All right, folks, we got three minutes to go until the opening bell. We got the SMBs right now trading up by two points. We got some other equities to look at as we come into earning season. We'll keep our eye on yields this morning. We'll jump over to the dollar. We'll take a look at crude and gold as well. We'll take a look at some of those fang stocks as we open up the market. Opening bell coming up in three minutes. Don't go away, folks, we'll be right back. 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It's gonna be an interesting day in the market as we try to process a hot CPI number coming into a Fed meeting less than three weeks away. At the same time, we're getting some move-in yields a bit, okay, even you jump to the 10 year with 107.26 right now, you jump to the two year, a little bit of a reversal there for sure. It's the two year inches higher, the entire curve inching higher. The five year you take a look at, right? Pulling back about five ticks, decent moves. You jump over to the dollar index right now, keeping our eye, we're up to 106.12. That is quite a move on the dollar index up about 30 basis points. Now, it's going over a couple points of the CPI and one of the things I was looking at is, come on, where's my core inflation number? Come on, Bloomberg, there it is. Supercore, supercore inflation. So supercore inflation, okay, we're all getting an education about all these inflation terms and some of them are just coming to be, is a term used to describe the rising costs of goods and services minus food and energy and housing, okay, because housing is its own animal right now, man. Now, supercore inflation, which is core minus housing because the headline number is minus food and energy, excuse me, headline minus food and energy is core. You take core minus housing, you get supercore, okay? Supercore inflation is pretty hot, man. You know, that's a laxity school expression to put it lightly. Supercore inflation is pretty hot, man, okay? That'll be the line going forward. There's your chart, we're at almost 4% right now. You got to above 6%. This takes out housing, okay, because you're gonna hear a lot of talk about housing as you rightfully should because, man, housing is a huge determinant about what's going on. I mean, check out the front page of Bloomberg right now, okay? Front page of Bloomberg right now is talking about inflation varies widely across the US. Now, what I found myself saying right away is, okay, inflation's hot in Florida, but why is it hot? I know why it's hot in Florida right now because real estate is through the roof, man, okay? I joke with my friends, you know, in CPI, rent is a huge shelter costs in CPI are a huge component. It's like a third of the CPI, 40% of the CPI, something like that is shelter costs. And that's because a lot of people are spending about a third of their paycheck, their take-home, on shelter, so they rank that pretty high because what you spend on a monthly basis that money goes out of your pocket book, okay? A huge chunk of that is usually your mortgage or your rent. Well, what that's doing is that's keeping inflation numbers, especially on the CPI basis, very high in areas where your real estate is through the roof. Now, if you're not a property owner, you're not a homeowner, man, you're getting no benefit whatsoever other than you're getting no benefit whatsoever. All you're getting, I should say, is higher inflation. If you're a homeowner, at least the reason why inflation is going up is because the cost of your house or the cost of rent or the cost of rent that you can put out there is going up, right? So it's a little bit different, but taking a look at the chart of the country, man, pretty wild when you get into it. Some of those numbers, pretty wild, how it gets compartmentalized on there and the super inflation remains high and that's what we just showed you, right? Super inflation does remain high to put it lately. Yeah, you get the two years sitting about 5% right now. We had the Fed minutes yesterday and, man, we march forward for this economy. Now, let's jump to the next conversation from the journal. They're talking about that the federal deficit is even bigger than it looks. It's a nice segue from yields, right? Cause they're all related, man. Part of what's been going on here, look at the spike in the dollar, man, it's not stopping right now. Market's rolling over negative the volatility in this market. I know I'm jumping around, but man, the volatility in this market right now, trying to figure out where it wants to go. S&Ps off 24 points from the high this morning already, just, I mean, the rip roaring rallies we've had since last Friday, you've had negative turns in this market and every time, man, you have caught a bid, we'll see if this morning is any different when negative by two points right now. In the S&P, we get the NASDAQ positive by eight, but taking a look at the deficit numbers, right? The good old Clinton years, man, for all the hate that Clinton gets, man, right? That's what the government was doing when he was in there, man. They had surpluses. So keep that in mind, all right? And politics, man, you know, that Clinton name. Yeah, that's, I know that partisanship, right? And I love a good Hillary meme just as much as the next guy or girl, okay? But it's pretty wild when you look at that chart that he's not heralded there for what happened because boy, it's been a disaster since then. You can't continue with this trend and they're talking about the gap between spending and revenue for the fiscal year 2023, $1.7 trillion. Yeah, the Congressional Budget Office projected ahead of the official Treasury Department figures, 300 billion widening in the shortfall, 300 billion extra basically from 2022. But they make the case here, it's actually much larger because of the odd way that President Biden's attempt to broadly cancel student debt now. Listen, this is the journal, not exactly huge fans of President Biden, okay? As it goes with it, I love the journal, man. I read it basically every morning, but taking it for what it's worth. Student loan forgiveness, that gets all political as well. You can't talk about anything almost these days without getting somebody from either side getting hard line on things, right? Yeah, so they go through the whole deal here in terms about student loan debt, student loan cancellation, the one that got thrown up by the Supreme Court and how they're working the accounting and that it might be a little bit worse than even some are estimating, okay? Bottom line is, folks, it's gonna take some compromise on both sides, okay? That's gonna be the deal. And hopefully you can get it under control because I tell you, once you have young kids in your house, whether it's kids or grandkids, okay? You gotta do something, you can't give up so that's your only option. It's pretty discouraging taking a look at all these, but what are you gonna do? You can't give up and nobody's gonna get everything they want. That's the key here. So it's gonna take some compromise, keep an open mind and hopefully we can do something. At the same time, Republicans can't even get a speaker in the house right now. That's important with everything going on geopolitically, with everything going on in the country as well. Yeah, and then you look at the average weighted interest rate for the federal debt. You talk about an increase. You were at 1.55% in January of 2022. You've doubled that number to 3%. Think about it. On a percentage basis, you're paying 100% more interest than you were a year and a half ago. And guess what? Those rates are never coming back, man. 1.5%. Who's given the government 1.5%? Annual interest payments. I mean, this is like a, I feel like I'm pumping and dumping fear here just by going through the charts of our debt. But the interest payments on federal debt quarterly, well, part of the reason why you got such a spike going on is interest rates are going up dramatically, man. Right? You're talking about over 800 billion. What are we at? 9-something? Yeah, 900 billion, 909. Staggering numbers to put it lightly, man, when you look at some of those charts. So, you know, everybody's gonna blame the person that they're not on the side with, the person they don't agree with politically, but no matter what, we gotta get it done, man, okay? And yields? Yeah, yields are paying attention to those numbers too. We get the 10-year, 107.25 stay tuned, folks. We're gonna take a look at some of those magnificent seven stocks, we'll be right back. 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. 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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 tigeresses 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. This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Back folks, we got the markets in negative prices. All the markets rolling over to negative territory right across the board right now with the S&Ps up by, excuse me, up, I gotta recalibrate my brain here. We've been up for some time and today reversing that trend well off the highs. We're 25 points off the overnight highs. We're five points in the red right now in the S&Ps. NASDAQ barely in the red by three, Dow off 36. And yeah, as they're talking about, how about the small caps, man? You're off 20 points on the session, but you are now off 34 points from the highs we were at not that long ago at about 830, coming right into that number, man. Dropping out of the sky. Crude sitting at about $85. You get the gold contract at 1880, eight right now, excuse me. And jumping around to finish that conversation. Where were we? Oh, shame on me. So real quick, because we were talking about some great conversations and Jimmy, I appreciate you sharing your thoughts, man, about student loans, all that stuff. So the point they were making, I didn't do a good enough job of representing it, is that when Biden passed the student loan forgiveness plan that was eliminated by the Supreme Court, okay? The long-term cost of the program was $379 billion. And what they did is they put that on the 2022 budget all at once, okay? Even though effectively no money was spent on it that year. The Treasury last year put the 2002 deficit at 1.4 trillion. So of the deficit in 2022 at 1.4 trillion, almost 0.4 trillion of that was gonna be that student loan forgiveness. Well, that got tossed out, okay? So as a result of that getting tossed out, what happened was is that in June of 2020, 2023, these are important numbers as we get the facts right because there's always like some context and the truth always lies somewhere in between. So you're gonna hear people say, the deficit went from 1.4 to 1.7, right? Yes, 1.4 to 1.7. That's the headline number, okay? The US annual deficit for 2022 was at 1.4. It's at 1.7. But if you take out that little accounting edit, okay, what ended up happening was is that in June, 2023, when the Supreme Court tossed it, the money wouldn't be spent rather than update last year's numbers. The Treasury just recorded the changes as a $333 billion spending cut in August of 2023. So if you take those out of the equation, basically what happened is we had a trillion dollar deficit in 2022 and we're gonna have about a $2 trillion deficit this year. Pretty staggering, right? Yeah, I would say so. Pretty staggering to put it lightly. And yeah, Jimmy, you're talking about, and this is talking about student loans, right? What is interesting here is you're talking about a price to pay, right? Having debt written off. And one of the biggest problems about student loan debt, okay, and we're jumping all around. This gets a little bit philosophical. Okay, it gets a little bit soapbox. But you're letting people at the age of 18 make financial decisions that are destroying their lives for decades, if not forever. The whole point of bankruptcy is to allow people to get out of bad financial decisions that don't determine their life forever, right? And I always joke with friends that only a group like students in the age group mostly of 18 to 25, okay? And it spans all spectrums, I know that. But only a group of young people with not much money could be so underrepresented in Congress to somehow have that single group be exempt from bankruptcy, right? Think about it, nobody else is exempt from bankruptcy. Only students are. Now, the kicker is, there's a reason why. Because it's so much debt that people take on. That it would actually be advantageous to go take out $250,000 of debt, go to a four year university that uses 250 grand, declare bankruptcy the moment you leave that institution. And within 10 years, you're 32 years old with a four year degree for a quarter million dollars and the bankruptcies off your books. Chapter seven bankruptcy can stand your credit report for 10 years is how it works. And I know there are varying numbers in there. You have a chapter 13 that can stay on it for seven years, seven years, 10 years, somewhere in that degree. But you're talking about 10 years after the date you filed, it can be removed from your credit report. So that's the problem here. Now, the second problem, the third, the fourth, the fifth problem is if this was a normal banking relationship these students wouldn't be given all that money. Because many times people are taking on debt that is unable to be repaid with the business plan that they have. So there's a lot that goes into it, man. There should be some level of ability for students to reset very poor financial decisions that they make at the very beginning of their adult life. You can't even go out and make a decision to have an alcoholic beverage until you're 21. By 21, you can ruin your life through debt, through student loans. Okay, so there's like all this stuff going on, banks love it, because they give you all the money you want, you can't declare bankruptcy and you live a life of servitude to your debt, which is what bankruptcy is supposed to protect. Yeah, so keep that in mind, man. Only a group of citizens as underrepresented as students could ever somehow have no lobbying power to make sure that they are not eliminated from bankruptcy. There's a reason why we went over it, okay? But there's gotta be some reprise and I agree, it's gotta be some type of compromise. Everything's gotta be some type of compromise, right? And there should be a price to pay for having that debt written off, right? There should. And it has to be probably more than just a 10-year bankruptcy on your credit report, because actually that would be advantageous across the board. So we'll see where we go, but nonetheless. All right, we'll jump to Hollywood studios. Hollywood studios suspend talks with the actors. So they gotta deal with the writers, but the actors, they're not coming back yet, man. The coalition representing the studio streamers say talks are no longer moving us in a productive direction. Yeah, so you got Netflix, Disney, Warner Brothers Discovery, Comcast, Amazon and others set a new proposal from the Screen Actors Guild submitted. Just yesterday, we created an untenable economic burden. The gap between the two sides is too wide. Yeah, so we'll see where we go from there, man. If an accord with the actors is not reached by the end of October, it will likely end studios chances of salvaging the 2023-24 television season and wreak havoc on movie and TV production and release schedules for the foreseeable future. Yeah, they're saying, I mean, it's remarkable all the stuff's playing out at the same time, right? The coalition of studios is saying their proposal would add more than $800 million annually. And boy, the race is on. Look at these markets too. Let's jump around to some of those. You got Disney shares pulling back a bit with the market. They're off about a third of a percent right now. For Disney, you jump over to Amazon shares, basically flat, Warner Brothers Discovery, there's a drop-off, man, they're off 2.8% for that one, how about Paramount? Yeah, look at these. I mean, not what they wanted to hear this morning, right? Paramount off 3.4%, Warner Brothers Discovery. Comcast, fairly in the red. Disney, they got more going on than that as well. And Amazon, did you get your big deal days? I was looking last night, I held off, I refrained. No big deal days for me, didn't get sucked in just yet. Stay tuned, folks, markets in the red. One more segment, 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. 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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 and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Excuse me, we got the NASDAQ 100. Barely in the green right now, S&P's sitting at about 4,400. S&P's negative by eight. NASDAQ 100 positive by four. We jump around some of those fag stocks, Amazon. Barely in the positive this morning by two-tenths percent. We jump over to the Big Dog Apple. Apple, up above four-tenths percent right now. You can jump over to Google shares. I was reading the Denim and Duffy, yes. Somebody hit that powerball for $1.7 billion in California last night. If you're out there listening, give us a call and let us know how it's going. Yeah, quite a number, man. Look at this market rolling. Google right now, flat. We just got a little bit of an acceleration. S&P's right now 43.97. You jump over to NVIDIA, NVIDIA shares. Can't hold NVIDIA down, man. NVIDIA down about half, excuse me, up about half a percent, 4.70, remarkably strong, even as we get the market rolling over right now. We jump over to Tesla shares. Down a bit, down about three-tenths percent for Tesla shares. We jump around to some of the airlines. Look at Delta, they give it all back, man. They were positive coming into the open. Not so much anymore. If they're still positive by seven pennies, is what they are. Crude rolls over a bit. We're at 84.58. You're still up a buck, oh, wait on Crude. We check in on yields as we wrap up the program right now, the tenure. Yeah, there you go, man. It's happening again. Yeah, keep your eye on that channel line, folks. I've talked about it many times. You don't have to be a master technician to draw it on your trend line. You pull up the tenure. It's a daily chart. You can see we're touching the top level of that chart right now. And boy, if you ever get a run to the bottom of this trend line, what are you talking about? 105 and change, 105.15, two full points below we're trading at right now. You just have the S&P's trade off 35 points from where we were at just this morning. And we're only 26 minutes into the trading day. NASDAQ rolls over to the red as well. And yeah, we finished it up with yields, man. We are back to where we were, where we were Sunday night, Sunday night where we opened. Look at that, right where we opened. Yeah, you gave it all back. Now we got the reversal of Friday, which was the jobs number, okay? When the market added a lot of jobs, but wage growth wasn't there, but be careful, man. Wild markets, to say the least. Stay tuned, folks. We got our man Basil Chapman. He's in the Tiger stand, he's getting ready. He's next with the Tiger Technicians Hour. Have a great Thursday, folks. We'll see you tomorrow morning. Stay tuned for Basil Up Now.