 And folks, this is Jacob Filinin for Tom O'Brien. He will be back tomorrow. Today we're seeing a little bit of a bounce back on the major indices. We have the Dow up a bit. NASDAQ still down a little. S&P 500 up a little bit. SPY, the dollar has made quite a move up. Now we broke that 102 level and we'll see if we can stick up there from the 101. Last Friday, we were just kicking over the 101. So it seems like the dollar is rallying a bit. Obviously, gold is taking a step back quite a bit. And then we have the ESMini up just a bit. It's a nice green line right there for you all. So what is going on this week? We have a lot of earnings. Obviously, Schwab knocked it out of the park. Let's see if we can get Schwab up for us. It's top one. So with Schwab, the Justin earnings left about 20% to $0.93 per share, while revenue rose 10%. A lot of this is being driven by higher returns on loans. Net interest incomes by 26% to $2.77 billion. Trading revenue declined 7% to $892 million. Bank deposits tumbled 30%. I think we all kind of expected that. And that was down to $325.7 million. And total assets fell 21% to $535 million. And Schwab also decided to pause its share by back program in light of the recent banking events. So that was a nice bump up. We also had, let's see here, M&T, they popped up similarly due to the same kind of reasons. The higher interest rates are just returning a lot back on their lending. Now, if we're looking at, let's see here, State Street is a custodian bank. They're holding onto these kind of just assets in general. And they manage them. This fell pretty grossly. They're down 10% today on the earnings. Generally speaking, though, it seems like the banks are poised for some nice bump up, I would suppose. I think Bank of America, we're going to see something similar. What they're talking about. At least the market views this as well. Obviously you had some big volume on the downside. But you're getting a nice increase back up. Some high volume earlier today, about 1.30 PM. And they're saying their forecasts are pretty solid as well. Now, I want to take a look at this here. This is from Morgan Stanley. And of course, we're going to increase this a little bit. Oh, man. So this is the S&P 500 sector returns. You see, financials have a real high increase, at least on the one week, right? They're very heavily weighted. So this is all your banks. Energy as well. We know that. Industrial as materials. Consumer staples, obviously going down. Interesting technology. Definitely like in fintech as well. This is seeing a huge hit. Utilities. And of course, we know real estate. It's pretty interesting. We can read through a little bit what Morgan Stanley had to say. This is throughout the week in the first quarter. Earning seasons is underway with the large US banks releasing results last Friday. And obviously, we have some still coming up. Current analyst estimates are tracking operating earnings per share, operating EPS of 49.54, representing year-over-year growth of 0.4%. And a quarter over quarter decline of 1.6%. At the sector level, these estimates suggest a change in leadership. The boost from the energy sector looks to set to fade due to normalizing commodity prices. And that's a huge thing to keep in mind as well. Even with the decrease of oil production with OPEC, this might be meeting a strict up-and-demand on the larger global scale on it. So the current estimate of 7.6% year-over-year earnings growth for energy sector represents a sharp deceleration compared to recent quarters. So kind of act accordingly regarding that. Other things we have to look forward to tomorrow, Goldman Sachs. Let's take a look here. Probably see something similar with the other, got it right here, up modestly today. And then Lockheed Martin, which will be interesting. I am eternally interested to see how these defense stocks operate, especially in this world. I personally think that everything's essentially priced in, even dealing with the Ukraine war. But we'll see how they report. And then Netflix. And everyone online, take for that what it is, seems to be really interested in Netflix. And we might see a bump up on that. I'll be watching it. I'm not going to take any position, honestly. I think these prices are huge. But we'll see what happens and how that returns. Also, we have Tesla. That's going to be Wednesday. What's interesting about Tesla, too, is Elon, via SpaceX, is having a rocket launch right before earnings. And obviously, SpaceX and Tesla are not integrated business-wise. But I think what's important to keep in mind on the broader scale is it seems like the kind of hotshot meme investors do see them as integrated. So whenever SpaceX does super well, Tesla roars. And it's more of like this getting exposure to Elon Musk as an individual, I think, than people investing just because of Tesla. Tesla's up. Just a little bit. We'll see what earnings has to do with them. IBM is down. They have earnings. And then ASML will be interesting. They do the EUV. They're based in the Netherlands. They do the EUV chip etching. But it seems like there's going to be a deceleration of chip orders. So the delivery might get pushed out to a year. I was reading some analysts saying, just keep posted for that because it'll be interesting to see. And these guys are probably going to ramp up quite a bit with the kind of changing global developments. Then, of course, Thursday, Bank OZK, Blackstone as well. That Procter and Gamble and Freeport-Mac Moran on Friday. And I want to take a look at this. Just on a year today. Well, let's do it on a yearly. Just because I'm curious. So we'll see if this gets any kind of push out whatsoever. It seems like it's flirting with that $45 area. It had some low volume on that test, excuse me, high volume on that test rejecting it. So we'll keep posted for our earnings for Freeport-Mac Moran. When we get back, we'll talk a little bit about Apple. They're doing something crazy regarding Apple payment. We'll talk a little bit about Walmart and how they're pivoting away from their current kind of retail onto some other things such as health and fintech. So stay tuned and we will be right back. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks and options. 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