 The morning market kickoff with your host Tommy O'Brien Good morning, everybody. I'm Tommy O'Brien comedy live from TFN and Thursday morning 9 0 6 a.m We got about 24 minutes to go until the start of trading and we have a mixed market pretty calm actions so far this morning We get initial jobless claims that number pretty much in line a slight uptick from last week Why not let's jump over to the headline number we get at 8 30 this morning that number 353,000 initial unemployment claims in state programs up 4,000 from the prior week, so we were at 349 the prior week economists were looking for about 350 you're talking about a thousand jobs here or there pretty much in line with what we're talking about continuing claims Falling slightly to 2.9 million taking a look at that on a graph when you check out where we are We also have some GDP numbers in terms of initial jobless claims and you see kind of just stuck at this 350,000 number we talked to Kevin Hanks coming up at 9 15 as he's pointed out many times in a healthy economy You're talking about at least 200 to 250,000 jobs on an initial Unemployment claim on a weekly basis. That's a healthy economy So we're still above that by about a hundred thousand jobs But in the context of the jobs that we're supposedly gonna make up You're talking about eight to nine to ten million jobs basically to get back to the pre-pandemic numbers One two three four thousand numbers not gonna make a big difference on initial jobless claims number We got GDP this number as well gross domestic product 6.6% annualized pace in the second quarter That's the second estimate released by the Commerce Department The initial estimate was 6.5 so a slight uptick the market was actually looking for 6.7 though So a little bit of a miss there nonetheless pretty small numbers. We talked about continuing claims There's your continuing claims number. All right that decreasing as well We're now sitting at 2.7 million. Are we No, we're sitting at 2.86 million, okay, and we dropped 3,000 that's basically dropping like nothing, right? Now the number they always take a look at the total of those receiving benefits across all government programs rose To just above 12 million according to the data through August 7th Now the the the governmental data goes all the way back to August 7th when you're talking about the Continuing claims. I believe that's going to be a week delayed among initial claims Which is the most recent data that we get in here pretty strong numbers in here pretty much in line with the markets Looking for a little bit of volatility to the downside though. That's why I talk about the numbers We bring it up. You're only talking about four or five s and p points But you see a little negative action there as well We get Jackson Hole starting as well today chairman Powell the main event tomorrow at 10 a.m. Eastern time We already got some Fed speak out there out there this morning though We'll check that out in a little bit jumping over to Bitcoin down about 1700 bucks on the session We were above 50,000 to start the week. We're trading at 47,000 and 30 crude negative 67 cents made it to a high of 6854 in crude talk about some volatility almost seven dollars from where we were Sunday night in crude to the highs We had yesterday gold contract given back some of the recent gains gold trading lower this morning You see the volatility on that 830 number as well gold comes into that initial jobless claims number at 1790 We're trading at 1783 Silver's down 26 cents at 2351 and we jumped in notes and bonds this morning We had a little bit of lower price and higher yield coming into Jackson Hole virtual event We're talking about a yield right now 1.37% it's been quite a move this week you back it up to Sunday night. We were trading above 134 We just hit 133 12. We take a look at a daily And you see a little bit of a reversal. We're coming right down to the lows We had about two weeks ago that low on August 11th. You're talking about a low of 1 1309 you're about four ticks away from that low right now And you see we had about four days there where we built a little bit of a low kind of right We're out right now interesting to see how this is going to trade today and tomorrow with chairman Powell coming up tomorrow All right, what else we got going on? Why not? We'll start it off with little Fed speak feds Esther George So she is out there saying it's time to start easing off on the policy juice now Everyone's talking about chairman Powell, of course, but you can't there's gonna be more than chairman Powell speaking tomorrow Kansas City Fed President Esther George says it's time for the central bank to start dialing back its policy stimulus I'll be ready to talk about taper sooner rather than later in the CNBC interview. She's out there First up for the Fed will be reducing the price of its monthly asset purchases as we're all somewhat aware of the talk about that Nonetheless, you got that out there George said the Prague the progress in the jobs market as well as the sustained run higher in inflation Show her that the Fed can begin to back off the crisis era measures It has taken she makes a reasonable argument folks at some point the punch bowl is gonna have to get pulled away You could make a very reasonable argument that the economy is firing on all cylinders now Maybe the Fed should not be in there firing as much to the tune of 120 billion dollars on a monthly basis that they're buying Excuse me treasuries and mortgage-backed securities when you look at the job gains We saw last month the month before you look at the level of inflation right now I think it would suggest that the level of accommodation we're providing right now is probably not needed in this scenario So I would be ready to talk about the taper sooner rather than later And she is speaking as part of the Fed's annual Jackson Hole conference which the Kansas City Fed hosts and As they had to do in the last minute because of the Delta variant in COVID cases. They are doing it virtually And as they talk about reducing 120 billion so you may see some headlines today and tomorrow main events gonna be tomorrow And as many people are saying I would expect the same You're not gonna hear chairman Powell saying this that's you're not gonna hear him saying sooner rather than later You're not gonna see him here. I'm saying I'd be ready to talk about the taper sooner rather than later That is not what he's gonna be saying out there tomorrow In my opinion, but we're gonna find out in about 25 hours from right now 10 a.m. Eastern time tomorrow already some headlines coming out there With the Fed markets off a bit. You got the S&P negative by four all things in context We're right now about 10 points away from all-time highs in the index Excuse me jumping around tech stocks a little bit of a pullback again all things in context folks You're trading at 15,000 327 in the Nasdaq 100 Dow is barely positive today by about 40 points We have sales force higher on their earnings last night sales force is a dial component So that's gonna put a bid there. We'll jump over sales source real quick Excuse me and we do have some sales force in my newsletter folks rocket equities and options If you'd like to check it out from page TFNN under the newsletter tab every newsletter We do folks 30-day money back guarantee and this is excuse me a little bit of a dry throat still getting over a little bit of a cold There is your action on sales force numbers We'll pull this up a little bit later in the show But they come out with their numbers last night strong numbers as they are integrating slack into their business You had their CEO on mad money last night interesting anytime you see a CEO That's already got a whole lineup of marquee press appearances following their earnings event Sometimes that's gonna be damage control. Okay, so you can't be guaranteed, but they're gonna be in good numbers But they may not be booking themselves on mad money if they're gonna come out with a horrific quarter They might be okay. They might just be out there doing damage control the CEO Mark Benoit. They have been why? He is a big proponent. He's out there. He's not afraid to be out there promoting that company So he could have it when I heard that I say, you know what they're probably gonna come in with pretty strong numbers And they sure did he was out there on mad money last night talking about it So you got sales force up almost was that 4% about this morning? That's gonna put a bid on the Dow got the Dow up 37 points and you got the Russell right now negative by about four points checking out the Vicks as We come into about 15 minutes till the opening bell Vicks trading at about 1746 right now Stay tuned folks. We'll be coming back after the break. We got the S&P's negative by four We're gonna be talking to our man Kevin Hanks. We'll be talking options. We'll be talking to find risks We'll be right back folks. Stay tuned What in ratios give shape to everything in our world? Represented in the Fibonacci sequence these special numbers defy the patterns that make up our universe Not even markets can escape the omnipotence of these ratios Larry Pezzavento is a 45 year market veteran who has published nearly a dozen books on the powerful patterns We find in nature and their relationships with the ever elusive markets Larry's newsletter Fibonacci 24-7 will teach you to harness the power of these natural golden ratios in order to create successful trades Fibonacci 24-7 is designed to teach the tools you need to identify and act on these undeniable and reoccurring patterns Sign up for Larry's newsletter Fibonacci 24-7 and you will also receive free access to his trading webinar trading strong trending markets Try out Larry's newsletter risk-free all of TFNN's newsletters come with a 30-day money-back guarantee TFNN educating investors What's separating you from the most successful men and women on Wall Street? 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We get the S&Ps. We're negative by four points right now We got about 12 minutes to go until the opening bells some pretty tame action, but not tame action on the earnings front We got some movers man today. How about William Sinova over there WSM? They closed yesterday at 170 You're gonna open it almost 200 in a big way You had Alta with their numbers last night from 389. We're up about $20 on that stock as well Let's jump over to our man Kevin Hinks every trading day folks 11 a.m. Eastern time on Tiger TV the TD Ameritrade Network fast market with Kevin Hinks Alex Coffey and the team breaking down the day's market action walking you through what's going on for the trading action of the day Setting up hypothetical trades Kevin Hinks good morning Good morning Tommy today starts Jackson Hole conference and I believe that this market is gonna hang on Every word that these guys say you already saw that around 7.35 this morning when James Bullard the President of the St. Louis Fed made some hawkish comments now full disclosure. He is a Well-known hawk so the fact that he would make a hawkish comment isn't really a surprise But the futures did sell off briefly and now are slowly making their way back But you know, this is gonna be one of those days It's like when you get on the roller coaster, they say buckle up keep your hands inside Can be one of those days I think we're gonna hang on all these comments whether they make headlines or not Tommy Yeah, it's pretty cool. I saw I blew his Esther George out there as well with some pretty hawkish comments and sooner rather than later I said In my opinion, you're probably not gonna hear Chairman Powell out doing those words tomorrow But as you say man, we're gonna get some words today. We're gonna get a constant kind of news flow We'll see how the market reacts to it Some some big numbers Kevin on the retail front man We talked about it yesterday, right with Dix some of these companies men William Sonoma How about it Kevin? It makes sense in terms of the the talk about redoing the house, right? William Sonoma high-end retailer for household goods, but what a move on some of these equities Kevin Up up almost to 200 you're talking about a stock that's gonna open $30 higher from 170 300 and all to beauty with some pretty Strong numbers as well up $20 this morning Retailers man. We're separating winners from losers and there's some big winners going on right now in this market Kevin on the retail sector Yeah, you're right. I mean, you know normally retail is a pretty volatile you know section of earning season and Lately, you know retail has been had some problems, you know in the past But boy the last couple quarters retail is just screaming look at the recovery Look at the chart of Ulta and where it got down to during the pandemic and where it is now That's you know, we featured it yesterday on fast market and it's amazing, you know and their Partnership with Target is just a it's not a single or a double. It's a home run for them So there is nothing but good news in Ulta and though I do not claim to be a make-up Expert and certainly I can appreciate a good product being sold in the in the right place And I think that partnership is a really good one And I could appreciate a good chart man that goes from 125 at the cove it loads to over 400 this morning man And you make you make a great point Kevin. Yeah, so they're gonna have the shops within shops, right? They're gonna have Ulta maybe in target what was so cool. I saw you know innovation. You always got to be innovation folks If you're not growing you're shrinking, right? Macy's I thought was so cool Kevin just kind of in line. They're gonna have toys RS, right? They're gonna have like 400 toys russes within Macy's really cool how some of these retailers and you talked about it Malls might be around but they're gonna be around in a different fashion than what we're used to where a retailer like Macy's could Just pay for the square footage and I'm throwing my bias in here You know but just just to put jeans and clothing around that type of square footage and compete now They're gonna have toys are us stores in there They're gonna have other retailers, you know stores within stores We bring people in to the store and then maybe you capitalize on that and you're seeing it the same way man target target It's just quite a stock indeed. I love the way you guys always talk to like folio on the program Always amusing when you bring target into it because I agree with you man It is remarkable the brand the target has put together and they're a love company It's pretty pretty cool how that works out and the stock showing it in a big way So of course Kevin we got the Fed going on today. We'll keep our eye on that We get some earnings coming out as well We had the dollar stocks out there with their numbers Alta target. There's a lot on the plate We got chairman Powell coming up tomorrow. What are you guys gonna be talking about coming up at 11 o'clock today? Obviously our feature stock today will be Peloton, but we've also got workday. We've got gap so More retail to look at but also a little HR and a little exercise today Peloton workday and gap Peloton is quite an interesting one man. You talk about some volatility, right? We go from 17 bucks at the lows of COVID you trade up almost a 10 bagger to 171 in early January And then the market says ah, maybe we got a little bit ahead of itself And you do almost an exact 50% retracement Kevin to 78. What's our low there going back to May? 70 81 8048 we make it to from 171 We're back to about 116 today talk about being in the right place at the right time timing folks Sometimes is everything this stock. I remember it goes public Kevin and the whole world said wait a second You're selling bikes it how much 1800 bucks 2200 bucks with a subscription to go with it I'm not sure that's gonna work out and then the whole world shuts down and the stock takes off Interesting nonetheless that one is always compounding Kevin I'll be interesting to see what you guys have to talk about because what I can't get right Is where's the competition for for a stationary bike that's selling over 2200 dollars and they got a great product man I love to ride a bicycle But that's a lot of money to be paying when you got to pay a subscription fee on top of it Right, can you give us a little teaser of your take on peloton because that's I try and wrap my brain around that Kevin As a consumer right if it's worth it It's worth it folks your health is worth more than anything else in the world So if you make use of it, that's a great deal But that where's the copper? Where's the Amazon bike remember the Amazon bike that they thought was gonna come out What do you what do you give us a little teaser you take on peloton? Here's the thing about peloton number one in terms of peloton the quality of their bike is the best right then it's the Infrastructure and it's the world that peloton is I I know more people that love the peloton app Just for the workouts that don't even have the bike But still use the peloton app and then they're coming out with a new treadmill and get ready They're coming out with a rowing machine Expanding so what makes peloton attractive and makes me watch it is the pipeline They keep innovating and keep changing and it couldn't come at a better time You're right Tommy because more and more people are working out at home than ever before and they do it where you get You you pay off the bike Interest free through a company called a firm and and that's how they do it and they it's not $2,400 it's about 60 bucks a month, which is less than your It's less than your health club membership So they make it affordable and they've got a pipeline Tommy. It's pretty cool man And like I said, I mean it's expensive but folks it's not expensive if you use it stay healthy out there Whatever you can do to be active. So that's the bottom line and like you said man timing man You lock it down. I haven't been to a gym Kevin and I'm still paying for my LA Fitness membership I'm not sure why for the last 16 months should have put it on hold But the world is changing man, and I'm not sure I'm gonna be Back in that gym as often as I even was prior to COVID just as I enjoy being outside man I started running outside a little bit more walking a little bit more biking a little bit more myself We're fortunate in Florida. We can be outside 12 months a year If I was up in the Northeast if I was up in windy Chicago, I might have to get myself a peloton to lock it down Well Kevin, we appreciate the conversation and the education as always we'll be watching at 11 o'clock today, man You have yourself a great day. Have a great weekend as well Thanks for having me on Tommy. Have a great weekend. My pleasure as always Kevin folks tune in 11 o'clock every trading day on Tiger TV fast Market by the TD Ameritrade Network Kevin Hanks Alex Coffey the whole team. They got like folio over there They break down the day's action outstanding program. Check it out today at 11 o'clock. Stay tuned folks We'll be right back with a market open Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the Tigers Den trading room only at tfnn.com The Tigers Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the Tigers Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts Live during their shows Interact with other Tigers and Tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the Tigers Den risk-free with our 30-day money-back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and Tiger TV and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you whether you're into trading gold metals futures Currencies or options you'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money-back guarantee for new subscribers as well as tfnn's Tiger Den trading room trading software and educational webinars for all trading levels and make sure you check out Tiger TV for free on tfnn.com or tfnn's YouTube channel for live financial content from 8 30 a.m.. 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You're talking about since the close on Monday We were trading at 4480 you did climb at the end of the day yesterday to almost 4500 in the futures we make it to 44 98 we're trading at 44 89 the whole week though You're talking about basically a 20-point trading range including yesterday's high sitting right in the middle of that area at 44 89 We get the Dow up a bit We had sales force trading higher in a big way on their earnings sales force accelerate and higher were up 3.9% we'll call 4% up $10 on their numbers Accelerate and higher on the open that is going to put and put a bid in the Dow the Dow. You're only talking about 30 stocks and it's a price weighted index which means a $272 stock is going to have an impact in that Dow as it accelerates higher up now 4.6% jumping in to sales force numbers talking about a dollar 48 a share versus 92 cents revenue top forecast as well upbeat Outlook as company continues to shift applications in the cloud I watched the interview he did on mad money there and nothing too dramatic I mean He's quite a promoter in a big way as you should be a CEO of quite a company over there at sales force a Dow company now as well But strong numbers from Salesforce and you're talking about a high there you put this thing on a weekly You're talking about 280 450 the high remarkable. You're talking about a year ago, right? Four quarters ago. They came out and I remember listening to this earnings call back then We were not in sales force just yet I remember listening to this earnings call back then and it was almost every single analyst was blown away when they came out August in terms of the numbers and the margins and the growth they had done But guess what they didn't quite live it up to it because the next quarter They had some volatility and then I believe they talked about buying slack not long after that the market really wasn't too thrilled By and slack for some crazy multiple twenty seven billion dollars or something like that Nonetheless, you can see the move as it makes it way back. It's way back up now What I've been talking about in my newsletter give me a little teaser here is that we're looking at an A to B CDD here you're talking about an a point of 208 a B point of 253 We accelerate above that area last week and look at how we're plowing plowing above that area now That would give you if you're a to B CDD you're talking about a deep projection of about 279 now It's interesting there 279 you're gonna be bumping up against the highs in terms of 284 50 seems like the logical net Next step for this chart when you look at where we are right now at 271 28 for Salesforce And again, that's the reason why you're probably catching the dial in positive territory all the major other indices in the red right now All right jumping around to other equities with earnings today The dollar store has got their numbers out not quite living up to expectations. We'll start off with Dollar Tree Quite the short-lived pop last night on their numbers. They are negative to the tune of 9% right now We'll jump over Dollar General as well They're negative by 6% right now both of them trade lower on their numbers and Getting it to the numbers Dollar General they beat by 10 cents. Okay, so 269 revenue slightly above forecast comp store sales fell 4.7% less than the 5.1% the drop was looking for However, they forecasted a lower than expected earnings for the full year That's not what the market likes to see Dollar Tree They are lower as well as they say mixed quarter revenue showed a forecast dollar 23 beat The consensus estimate But you can't be making more money when you're taking in less money The market wants to see revenue folks in a big way jumping down the line jam smucker I believe they're lower this morning SJM dollar 90 a share four cents above estimates revenue slightly there as well But they cut the full year forecast We've talked about this with Kevin Hanks right in the current quarter that they're reporting for I should say the last quarter That they are reporting for kind of the quarter of record that they're reporting their numbers for strong numbers almost across the board The only worry is Forecast waning a bit you see it with a little bit. I mean the companies that are really missing the only thing They're missing on is the forecast a lot of them are beating on earnings. They're beating on revenue Not all of them, but the forecast is the dicey one. Maybe they're talking about some problems with margins Maybe they're talking about supply chains in there Maybe they're talking about the ability to secure their products that they have to sell etc hurting them in the next year So there's smuckers. They're down about 3.5 percent. We have Abercrombie They're lower today as well revenue below forecast not what the market likes to see adjusted profit of $1.70 share Market was looking for 77 cents So they're making more money than the market thought but they're doing it on less revenue Not what you like to see for the future of a company and there you're seeing the pain down 9.8% and what's happening here is if you got Abercrombie struggling like that You got a company like Dix coming out saying that there are 45 percent Above where they were two years ago. I think that was the number folks 45 percent versus on a two-year basis I love the comparisons on a two-year basis to bring you back to a world It was a little bit more normal two years ago because a year ago the comps are just crazy Some companies the comps are unfairly high sometimes the comp comps are unfairly low Yeah, I mean Dix was still above their comps from a year ago when they were accelerating higher already and they're 45% above two years ago You compare it to a company like Abercrombie that's struggling can't even meet their forecast on revenue Yeah, you're gonna pay a price over there. Also, we talked about trade and hire as well They doubled basically the the profit estimate they come in at 456 versus 259 Revenue beats as well and they raise the full-year outlook on overall improvement in the beauty industry continues People are getting back out and they are putting on some of that makeup But guess what market says hold on a second on the open interesting action always interesting when you get this type of a move Volume comes into the equity and they find out guess what not quite as rosy as we thought and look at that folks I mean look at the the number they had right You're talking about excuse me. You're talking about a Double beat on earnings a beat on revenue and a raise of the outlook and the stock barely is positive on the open now All things in context there's your three-year weekly Okay, you want to talk about some lofty expectations on an equity that runs from 125 to over 415 on the open You want to talk about an equity that was trading at 300 coming into COVID and you're trading at almost 400 now That's the reason why expectations are everything sometimes as you trade lower And we might even be in the red folks on Alta with some strong strong numbers coming into the open there Excuse me. Okay continuing to jump down the line for equities moving. Yeah, Williams Sonoma Just staggering numbers here in a big way. So to talk about we talked Let's see how they're treating because this is just a mammoth beat in a big way on earnings They are holding on to the gains up 15.4 percent this morning Topping the bottom foot. Excuse me Following a top and bottom line beat as well as raised the outlook and a 20% dividend each increase Quarterly profit of 324 versus 261 big numbers across the board in a big way All right. What else we got going on here box speed estimates by two cents quarter the profit of 21 their cloud company Revenue slightly above forecast raise the full year guidance. There you go saying it continues to benefit from the mega trend of digital Transformation, however shares are lower. Watch out folks. If this starts out, I mean, that's you you shouldn't you shouldn't Ordinarily, I shouldn't say you should not. Okay. Look at this. Look at this volatility. Let's see what we did here on a one minute Yeah Crazy action on some of these stocks now. This is a slightly a lightly traded stock folks. Okay box You're only talking about a hundred thousand shares every minute Not a lot of action. You can see the swings that you get anytime you're trading in equity You want to make sure it's liquid not quite liquid folks You see the moves you can have you're talking about a $2 move down and up when you can basically move this stock for 80,000 to 100,000 shares of an equity not a lot You jump over to the analyze tab See what kind of market cap we're dealing with because it's going to be a small one if we're dealing with that type of action Yeah, 3.8 billion nothing to shake your head at but gonna open basically down 3.6 percent What I was gonna say was you're talking about basically a beat on earnings a beat on revenue and a raise of its full year revenue Guidance and they're gonna continue to benefit in the markets like guess what we wanted more. We wanted more auto desks Maybe the car crazes over look at that down 9.7 percent We'll take a look at that car Vana not paying a penalty though. So that's gonna be an industry industry And a specific one for auto desk. We'll take a look at those cars stocks when we get back stage in folks Are you in the market for buying or selling real estate in the Bay Area? Including the surrounding st. 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That's tfnn.com and hit watch Tiger TV Welcome back folks You have the dial up 62 points right now you got sales force extending the game putting a little bit of a bid you get sales force up 11 points right now up 4.3 percent S&P is negative by 3 jumping back to some of the car companies So Carvana CV and a is their symbol excuse me a little bit lower down about 7 tenths percent now what I have the reason I pull this up It's because Autodesk whoops They pull that had their numbers a DSK is their symbol last night you're down 7.8 percent now jumping over to their numbers here Quarterly revenue was merely in line with estimates and its current quarter earnings guidance disappointed investors Not what you want to see they beat estimates by 8 cents for the latest quarter, but you're talking about earnings guidance disappointing See where that car sector goes might have seen the peak there And I think I'm being a little bit kind saying might have seen the peak there in that used car frenzy pure storage This is a company accelerating higher pre-market tripled the 5 cents estimate now come on 5 cents They go to 15 cents you make 10 cents extra nonetheless. It's a profit It's a beat quarterly earnings of 14 cents to share revenue top projections as subscription revenue rose 31% From a year ago PSTG is their symbol. Let's jump in there's a pop for you up 18% on the open now They are a data platform focused on delivering software to find all flash solutions fast and cloud capable for customers Enabling customers to put data to work for their businesses Replaces storage system designed for mechanical disc with an all flash system. That's a growing industry Don't got to tell you that it's popping on the open up 18% right now at 24 bucks You take a look at this thing on a longer-term basis. You see the run it had up to 29 About six months ago. You back down the volatility on some of these stocks to 17. We're trading at 25 right now All right, let's jump around to some of the fang stocks See how they're trading with the NASDAQ 100 barely in the red so far We got Amazon up about one tenth percent on the open We got Facebook down about one tenth percent Google shares down about one tenth percent Google has been quite the stock in a big way folks I don't have to tell you that I go back a year to the lows we had in September 1406 we're more than double the share price. That's a 100% bagger just in the last Year call it 11 months Remarkable action. We're still white right within that trend channel that we're talking about on Google to higher prices You jump around to Microsoft and quite a rocket ship as well recently you make an all-time high at 305 84 recently We're trading at 301 91 right now that thing talk about a move in the last week You trade from a price point of last Thursday of 288. We're trading at 302 right now on Microsoft Let's take a look at Tesla shares Tesla up about a third of a percent at 713 so far this morning I'll take a look at some of my favorite stocks out there You got Disney just in a consolidation really since about May between about 170 and 180 ish We're trading at 178 46 on Disney Uber's been seeing some pain recently catching a little bit of a pop over the last few days Uber down to a low of 3884 it says there on the open, but you back things up Folks I was talking about it on my show. All right now There's a lot of risks to buy in the equity Uber One of the risks I don't see though is them having too much trouble at least in America Okay, with their workers having to be categorized as Employees versus contractors on a national level. I just don't see it happening if it makes a way to the Supreme Court I don't see this court saying that they are going to overrule the voters in some of the more liberal states in the Union like California that those voters voting to say listen we qualify those workers as gate workers now You can't just vote against somebody's rights. Okay, and take them down. That's the whole point of the Constitution That's the whole point of the Supreme Court You can't pass laws even if they're passed by a majority of the people that go against somebody's constitutional rights Nonetheless, I don't see this one being that big of a factor when many reasonable people make the argument That that's the nature of the business. I mean Uber is literally putting a fair up for grabs on their network I mean, I can't understand it. Well, give us a call. I'd love to have the conversation eight seven seven nine two seven six six Four eight. There's reasonable arguments on both sides of this Okay, because the livable wage arguments a big deal You know companies like Uber that are just making bokeh box You're talking about a company valued right now of seventy eight billion dollars, right? And the argument is that they're not providing a livable wage for their workers It's a tough one there folks. All right, but the bottom line is they're putting a wage up They're putting a contract up with the way that they would probably like to classify it and I'm biased We will burn my share in my newsletter. Okay, but they're putting as a consumer You know, I fight for livable wages folks, but you can't just change the system and how it works for that Okay, you can pass further regulations that might assist in how Contract employees might be able to benefit from the societal shift to gig workers, which is happening But you can't just make companies Apply everybody as a worker when in reality, they are literally putting up a contract to drive somebody from point a to point b If you're a worker out there and you're a contractor and you drive cars You can take that one little gig you can do it. You can do it whenever you want You can do it for Uber. You can do it for Lyft simultaneously That's the true definition of a contracted worker. Nonetheless, you see the point being you dive lower on the news that of federal judge in California had overruled and said it was unconstitutional California voters The market shook that off quickly folks as it should I remember talking about it on my show at about 9 o'clock When this thing was trading at 38 and by 12 or 1 o'clock you were back in positive territory for that equity pushing higher But man, this could be a dead cap bounce folks. All right, we're back to a 50% I talked about it in this in my newsletter as well. You're looking to get some Uber This could be a nice spot. We've popped a little bit, but you always like to see number one We got a 50% retracement. We'll write out that level is where you bounce from the lows We had a 13 bucks to 64 And what's also nice here is that you're coming right into an area that was resistance And it looks like this area could be turning into an area of support You might want to see it a little bit further test that area But you're talking about the highs we had 14 months ago in June You're talking about this little consolidation area We had about a year ago from September through October before we really accelerated higher on the vaccine efficacy news But folks consider it you're back to a price level of almost before we knew about the vaccine Efficacy when we were living in a world where we were just hoping for 16 maybe 70% vaccine efficacy to get over this Now things have changed That vaccine of course doing an outstanding job. I encourage everybody to get out there and get out it We do get would deal with some tough cases here in Florida folks in a big way But nonetheless, we're back to some pretty attractive prices from 64 bucks back to about 40 bucks in Uber something to keep your eye on there To use me folks a little bit of a dry cough today S&P's down three points jumping down the line to see what else we got going on for articles I got teed up about what's going on today Let's see what else we got going on. What do we got? Yeah, that's the Pentagon. We don't need to talk about that talking about vaccines. How about the NFL? Here we go Broadcasters face crucial 105 billion dollar stress test as new season kicks off. They signed quite a deal folks with The big TV networks you're talking about 105 billion dollars as they come into a new season Now I have my fantasy draft going on tonight the season kicks off September 9th Last year NFL regular season viewership fell 7% marking the first drop in three years But it was hard to tell a few people watch because of declining interest in the spot sport or due to COVID related disruptions last year was a weird year Just didn't feel normal watching some of the sports games Just didn't feel normal with no no fans in the in the in the seats and all of that But the NFL signed quite a deal 105 billion We'll talk about a little bit more about this when we get back as the NFL season kicks off Can't wait for that September 9th with the defending champs Tom Brady and the Tampa Bay Buccaneers I'll still always be a Patriots fan can't do me wrong there But I got a lot of having Tom Brady in town to defend another title for Tampa Bay as the goat the greatest of all time Tom Brady Speaking of greatest all-time folks. We got S&Ps right near all-time highs We got all the markets near all-time highs rust a little bit lagging stay tuned folks will be right back to finish up the show Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFN You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the World from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help You make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel And become the investor you were born to be TFNN educating investors Markets can rise and fall like the tides Subscribe to Basil Chapman's newsletter the opening call and you too can ride the wave Basil Chapman is an authority in technical analysis His Chapman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 TFNN invites you to test Basil's proprietary Chapman wave trading methodology with a monthly subscription to the opening call newsletter for only $149 Your subscription to the opening call comes with a 30-day money-back guarantee as well as daily market updates on key indexes stocks and commodities Ride the wave sign up for the opening call risk-free today Introducing primal edge today It's even more important to take a supplement to complement your health Primal edges is specifically formulated to boost your immune system and help with weight loss better sleep stress reduction and the need to detox Our early ancestors found all their nutritional requirements in the wild environment But today our food sources don't contain the vitamins minerals and nutrients that we need to stay healthy and strong That's why we need primal edge daily nutrition It includes a special blend of ionic soil based vitamins minerals fatty and amino acids in an easy to use liquid form Primal edge is powered by highly concentrated humic and folic acids nature's preferred delivery system They've been called miracle molecules because like sunlight air and water without them life cannot exist That's right Ellen. They ensure we receive all the nutrition we need to be healthy and thrive We take it every morning primal edge just eighty nine dollars exclusively at TFNN.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of TFNN.com Welcome back folks. We got a market's pretty much sitting right where we kicked off the program I talked about we got a pretty tight trading range. We might see a tight trading range today Hard to imagine we get a real dramatic move ahead of Chairman Powell coming up tomorrow at 10 a.m. Eastern Time 24 hours to go Until we get the chairman speaking himself. We'll get a lot of feds speak out there today You saw the type of little action we can get whether it was 8 30 We got some action from the feds Bullard speaking jumping over to what he had to say real quick as we wrap things up Excuse me on the front and there it is the Fed He has to get going on the taper may need to get aggressive to stop inflation and as Kevin Hanks referenced when we were speaking to him in 915 not surprising to hear Chairman not chairman St. Louis Fed president Jane Bullard say that the central bank should have its tapering process Process start maybe earlier than you've heard from chairman Powell But he wants the process finished by the end of March of 2022 again I don't think you'll hear chairman Powell saying those words tomorrow morning nonetheless interesting as you see it Delta out there yesterday so interesting action with Delta you're gonna see this happening a lot folks private companies They're not in the business of paying for people not to get vaccinated to pay for their hospital stays when you got a choice out there To take a vaccine that is safe and effective effective They're gonna be charging 200 bucks a pop for their employees that choose to be unvaccinated as part of their health care plan You get into the numbers and they have the numbers already folks the fee for unvaccinated employees is to address the financial risk from their decision The average hospital stay for COVID-19 patients has cost Delta $50,000 a pop That's not how jobs get created folks. So good to see a company like that protecting their own bonding line protecting their employees It's a bottom line how it works out Delta up a bar We'll call it flat, but they've been quite a little pop may take a look at these equities folks Delta You're bouncing off the 618 of the full run that it had up to 52 bucks back from 37 Another one to keep your eye on folks. We've tried to get into these in my newsletter Boeing You could keep your eye on this trend channel you take Boeing you put it on a weekly You line up where we are from the lows pretty defined channel line and Boeing bouncing a little bit off the bottom there at 221 maybe finding a little bit of acceleration higher. Thanks so much for tuning in folks starting your day with me stay tuned We got a man Basil Chapman. He's coming up live next fast market coming up at 11 You heard them they're gonna be talking about Peloton as one of the companies that they'll be featuring We got our man Larry Pezzavento live at noon Steve Rhodes at 1 o'clock Dave White at 2 Tom O'Brien my dad live at 3 Stay tuned folks Basil's up next we'll be right back