 The following is a presentation of TFNN The TFNN Bull Bear training hour every training day live at 10 a.m. Eastern Call now tolls free at 877-927-6648 or internationally at 727-873-7618 The TFNN Bull Bear training hour Now Tom and Tommy O'Brien Good morning everybody Tom's out this morning. I'm here filling in right now starting off Tuesday trading Tommy O'Brien here with TFNN in St. Petersburg We got markets in positive territory folks S&P's up 10 points trading at 2893. We get the Nasdaq up 49 points trading at 7903 Dow Jones up a hundred and eight points trading 26,007 once again a little bit of the story bonds we got higher price lower yield the 10-year up 7 ticks 131 flat we got the 30-year up a point even at 16603 we have a yield inversion again between the two-year and the 10-year fourth consecutive day of a yield inversion on that 2 and 10 and the dollar index right now negative a hundred and nine ticks trading at 97 880 gold contract up $4 at 1541 70 an oil contract up 61 cents at 5425 lots of green on the board 30 minutes in the trading day Let's jump over to our man Kevin Hinks as we do we start off the program Tuesday Wednesday Thursday with Kevin and every trading day Folks right after this program 11 a.m. Eastern Time fast market with Kevin Hinks Alex coffee breaking down What's going on this market? You want to talk about defined risk? You want to talk about trading options in this market? You want to talk about a premium? Check out the program folks great education every single day Kevin Hinks. Good morning. Good morning, Tommy. How you doing? I'm doing well man. How about yourself? All right good, you know good start to the day good some good data I'm we got some good red book data showing you know the cop store sales between chain stores discounted department stores Think about this up 5.7 percent Yeah, so even though there's winners and losers in the retail market the US consumer is still there Tommy, you know It's getting late in earnings season as you know Yes, so the names are starting to thin out a little bit. We'll cover Tiffany's today Which is one of the big ones we have this week later in the week We'll get into some of like dollar general dollar tree nice But we're going to do something in the beginning of our show today. It's can be pretty interesting. Okay, and that is We're going to show you why ford a company like ford Using options and using their dividend yield can return 38% annually Did you say that's what we're going to show Kevin with the most simple of option strategies We're going to show you how to do it man. That's that's going to be pretty cool You check that out now of course ford folks I mean I got the chart up here in the thinkorswim platform Kevin a little bit of pop today Of course, they pulled back on that tariff news at the end of last week Those car companies kind of in the in the crosshairs as the the trade concerns Yeah, I just took a look. I think Kevin we I think we have about I pulled it up And I so Tiffany's their earnings coming out tomorrow at Before the market and then you got dollar general dollar tree. It looks like on Thursday Before the market and I just pulled up for the s and p 500 folks It looks like we got 12 companies left if i'm correct to to come up with their earnings And hula packard hpe actually after the market today But yeah, definitely nearing the trail end of Of earning season before we do it all again in a period of about 30 to 60 days Not to mention tommy, even though we have some good data coming out Thursday and Friday gdp And personal income and outlays it's still labor day week Yes, and the volumes and the overall attention on this market are going to start to thin out a little bit as the week goes on It's pretty remarkable the august we've had in general when you think that august You know, we have a couple hosts even they're taking a little bit of vacation this week It's a great week usually to take vacation right week before labor day Maybe there'll be a little bit of calmness in the markets not exactly what we've seen But maybe we'll see that as we trail off towards friday yet normally traders Dial it back this week and get ready for you know, really the start of fall trading after labor day But I can't remember a summer that's been a better overall trade than then this summer It has just been spectacular in terms of movement in the market Volatility everything that you want up and down moves back and forth And that being said that should start to show up In what should be third quarter Uh trading revenues for some of these banks Oh man right so that's something that people even though net interest margin that that's why we covered the financials on yesterday's show Because even though net interest margin is going to be a disaster for these banks Uh during the this past quarter trading revenues might save some of them and expectations should be pretty low So that's why we we we thought yesterday to cover those when it gets said like this we're not going to cover names that A lot of people don't want to trade and aren't real popular what we're going to do is go to themes And we're going to do we're going to do themes like yesterday. We did financials today We're going to do you know cover tiffany's but also go into some other things like how you can Look at ford look at fiat christler and look at the returns that you can generate on these at a time when 10-year yields are 1.5 It is remarkable man. I mentioned at the top of the hour Of course you have the 10-year folks and I'll pull it up here as you go into the world Um for bonds you have the 10-year right now as the system loads Trading at a yield folks of 1.51 and when we pull up the curve kevin We're looking at a two-year of 1.5 49 So talk about an inversion By more than a few ticks and that's the fourth day that that's happened as that creeps in And of course we got the september meeting coming up and then all but a short of a rate cut And and it's kind of just interesting to to try and theorize how that plays into things and where we go from here and of course you had um I'm not I I'm sure you may have heard it kevin of course the opinion piece by bill dudley former fed governor in new york kind of throwing his hat in talking about and it's just Going to be a constant for a I feel like of of rhetoric around the fed and how that plays in when you have rates Just kind of getting squashed to to everyone's going to have an opinion and here's why because Even though the fundamentals in the u.s economy are solid and and healthy The world is flowing into our dollar and our bonds And that's what you're seeing more weak data Today from from the eurozone So they're flowing into our bonds and that's driving down our yields right remember the the difference between some of the other Inverted yield curves and now is Never have you seen the long end come down to the short end Normally when a yield curve inverts it's that short end spiking. Well, this is the opposite. This is the long end coming down. So You know drone pile's got everything he needs in his hand to Uninvert or steep in the yield curve. Sure I mean folks if you're looking for a A refinance now may be a good time not to say we might not go lower But man, oh man when you're looking at the 10 year at 1.5 and the 30 are coming down as well I mean 30 I almost had to shake my head kevin up another full point today In terms of price on the 30 year as we just continue marching on for sure Well kevin, of course, we look forward to the program man As always seems like you guys will have plenty to talk about on the program folks They're going to be talking a little bit of earnings and they're going to be talking about I heard it 38% man I'm going to be tuning in kevin to fast market to see what kind of trade you guys are going to be setting up on that 38% and forward 29% fiat chriser. We'll show you how to do it those car companies man They have had some volatility for sure kevin. We appreciate the update man And of course we look forward to the program in 45 minutes Tommy great talking to you too man. Have a great one folks. Stay tuned. We'll be coming back I'm going to be talking about we're going to talk about bonds. We're going to talk about johnson and johnson Of course their settlement not settlement. They're guilty as in 500 plus million dollars yesterday But the market liking that as on the lower end of what they had to pay be talking about a number of news stories We'll be right back If you're not currently using the taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The taz profile scanner is a standalone piece of software that instantly filters over 2500 global financial markets such as stocks etfs commodity futures and forex headed by steve doll Taz understands that in today's technological world the use of top flight software applications and technical analysis Expertise is essential to successful trading in today's market You also gain access to the webinar that steve doll and tom o'brien just hosted The best way to use the taz profile scanner to profit This webinar archive is available for all subscribers Immediately upon signing up all new subscriptions also come with a 30 day money back guarantee So you have nothing to risk start your subscription by visiting the front page of tfnn.com today And you'll find the taz profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the bay area including the surrounding st Petersburg tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727 329 83 22 or email us at tiger at tfnn.com. That's 727 329 83 22 call us today Many of our new listeners have heard about the tiger's den The tiger's den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere Hear all of the tfnn shows plus see all of the charts as they happen live and have access to archives of all of those charts You can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets And how to make your money work for you details on the tiger's den or on the front page of tfnn.com Tfnn has launched our brand new website You can still visit us at the same tfnn.com URL But when you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors Tole free at 1 877 927 6648 internationally at 727 873 7618 Trying with tfnn toms out today in the morning He will be back with his live program from 3 till 5 this afternoon checking back in on the markets right now S&P is positive by about six points. We get the dow up 92 nasdaq up 40 points We got notes and bonds again folks higher price lower yield 10 year up six ticks You get the 30 or up 30 ticks quite a move and the gold contract up four dollars and 20 cents at 15 41 40 and that dollar index back and off about 69 ticks at 97 9 20 Revisiting a couple of stories from the day First one consumer confidence declining less than forecast in august so digging into this US consumer confidence declined in august by less than forecast as americans assessment of current conditions climbed to the highest level in almost 19 years By helped by a job market that remains robust The conference the conference boards index eased to 135.1 this month from our revised 135.8 according to data from the new york base group tuesday that exceeded all estimates in a bloomberg survey of economists The gauge views on the present situation jumped to 177.2 the highest since november 2000 the expectations index decreased so key insights from this The reading shows hiring and income gains are keeping consumers upbeat And a sway a swaging concerns about the economy's prospects in light of slowing global growth Volatile financial markets and escalating US china trade tensions the level of confidence could allow for sustained household spending That remains a mainstay of the economy folks if household spending really decreases that could be a problem because we've seen Um, you know the tax cuts a lot of those going to corporate buybacks not going to the type of investments that you would want to Kind of drive that economy so what is driving this economy? It is household spending in a dramatic way if you start to see a head on that watch out The share of respondents who say jobs are currently plentiful jumped to 51.2 percent the highest since september 2000 pretty remarkable you're talking about almost 19 years. We're going to be in september and about four days While the shares saying jobs are hard to get declined to the lowest in three months So the expectation gauge declined to 107 from 112.4 And the report follows other confidence gauges that suggest consumer sentiment may be wavering in the u.s The university in michigan's gauge dropped to the lowest level since january this month and bloomberg's weekly comfort measure recently saw its Largest back-to-back slide since 2011 so pretty interesting there jumping over to another story that was on the radar this morning JP morgan saying maybe it's time to buy equities again is fast approaching pretty remarkable in terms of I mean we're almost at highs. I say that as in pretty close. You're looking at a dow at 26 000 Yeah, we've been higher but pretty close even in the volatility we've had So the stock market is starting to look good again to jp morgan chase and company after august sell-off a time The time to buy stocks is approaching strategists led by Let me get this one mislav Maybe wrote in a note tuesday saying equities will move higher starting with an uptrend in september Benchmarks including the smp 500 index the stocks europe 600 index and the msci asia pacific index Are poised for their biggest monthly declines since may So yeah, I mean you have the biggest monthly declines You want to catch a fallen knife and I don't even think we're at the point of a falling knife just yet Doesn't mean we're not going to go higher But man, we have some volatility and I've been saying it before The the trade concerns. I mean and to dig into things further trade concerns and to pull this up Let me just get back to one of the stories I had up here because you have china coming out and insisting that it's unaware of the calls trump to trump and says tariffs Are extreme pressure and not constructive at all. This is going to be a big one And and a lot of people including myself have struggled to figure out how we get over this obstacle And this type of rhetoric coming from both sides really makes that difficult So while we've been advocating a consolidation call during august, this is jp morgan We continue to expect that the pullback will not extend for longer than the may one did And still believe the market will advance into year-end jp morgan strategists wrote So worldwide sell-off global equities are poised for their worst months since may there's your percentage And this is worldwide all country world index and percentage We're down about four percent in august may quite a tough month worldwide again Not us equities worldwide may you would end about six So an escalation and trade war between the us and china this month has stoked investor concern about the outlook for the global economy Hurting equities worldwide major asset managers including legal and general and manual life investment management have taken profit on their risk assets And entered a wait and see mode jp morgan sees a string of positive catalysts They could lift equities out of the doldrums such as the restart of the ecb's quantitative easing program You know you start getting stimulus that's definitely going to help as opposed to no stimulus The potential for a second and bigger rate cut by the federal reserve All but assured we'll jump over to the fed fund futures in a moment that we're going to get a rate cut in september We're going to get one in october That's what the market is saying when you look at those fed fund futures So the potential for a second and bigger rate cut by the federal reserve along with signs that activity may have bottomed out and Improving technical indicators. I mean, you know, I struggle to find some of what they're talking about here in terms of light In in light of where we are in terms of the volatility the new york base firms bullish outlook clashes Excuse me with that of ubs global wealth management Which has gone underweight on equities for the first time since the euro area crisis The swiss asset manager cut its stock positioning relative to high-grade bonds to reduce its exposure to trade wars and political uncertainty global chief investment offer officer mark Hethelé maybe wrote in an august 25th note to investors positive earnings delivery JP Morgan stresses is a key to ensure that market pullbacks don't become extended I would agree there, you know, we're talking about the consumers are driving this economy You know, what else is driving this economy? These companies just keep delivering on earnings So you want to, you know, drive this market forward? We're going to have to continue to see that Consensus profit projections are rather conservative according to strategists who noted that an outright earnings contraction was historically experienced only During recessions, it's too early to expect the next u.s. Recession and one should be constructive On equities they wrote now you got to take into consideration Who's telling you this right there in the market? They have a vested interest of stocks trading higher, of course But they're giving their take they're sending out to their customers and to jump over as I said fed fund futures. Here we go So next meeting september 18th The odds of a 25 basis point cut 94 percent now yesterday on the program Now this is where the odds of a 50 basis point cut 5.7 percent yesterday I believe these numbers were about 84 percent for a 25 basis point and as high as 15 percent So that curtailing a bit curtailing a bit now the market just really heavily pointing as it was yesterday But even more so to a 25 basis point cut but things really get interesting when you start getting out here further When you dig into october Okay, october the odds that we only end up with one cut over the next two meetings are less than 50 percent at 40 Basically 39.8 the odds that we get two cuts in two meetings are 56.9 percent The odds that we get three cuts basically as in we get 75 basis points over the next two meetings somehow There's a chance. It's greater than zero. It's priced into that market And then when you start getting into things the odds that by december the third meeting that we get three rate cuts 37 percent the odds that we get two rate cuts over the next three meetings 46 percent you add those two up You're at about almost 85 percent when you especially when you add in the one here Rate cuts folks coming down the line and if we just keep crushing on earnings I don't see why the fed just keeps needing to cut rates, but we'll see what happens september 18th right around the corner And we're pulling up this chart Where we are in the markets. We'll get there. We got higher markets folks. We're coming back. Stay tuned. We'll be right back Hi folks, tomo brian here If you'd like to get my daily newsletter market insights, then now is a great time to sign up for a 30 day free trial Every morning by 9 30 I send out my morning letter to subscribers with market commentary on a variety of markets currencies and commodities to keep investors up to date on the day's trading action Included in market insights are specific buy and sell recommendations for stocks ETFs and even options Which stops and price targets included for every trade in my newsletter If you'd like to try my newsletter risk-free for 30 days Then head over to the front page of TFNN and you'll find market insights on the trading newsletters I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information They need to know for the day ahead I even issue afternoon updates for my subscribers whenever warranted with important market action I'm always scouring the market for the next great trading opportunity Sign up for your 30 day free trial to my daily newsletter market insights today by visiting the front page of tfnn.com Well, go get them folks The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas Then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of Least resistance newsletter using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of lease resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of TFNN and you'll find the path of lease resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn.com now TFNN is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf abc's Butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only 79 dollars a month We are so confident that you're going to love this new charted software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting 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 Hi folks, Tommy O'Brien. Tom out this morning again Tom gonna be back for his program live this afternoon noon from three till five checking back in on the markets S&Ps up about five points. We're seeing a little bit of a pullback here from when we opened the program Dow Jones up 66 points trading at 25,965 now under that 26,000 mark from where we started the program Nasdaq up 34 points trading at 78 88 We've seen the tenure even tick up a bit now up eight ticks at 130 101 Getting a little bit of acceleration and gold up $5 and 60 cents at 15 42 70 and oil up 68 cents at 54 32 Jumping back to some of the news of the day Papa John soaring as they have a new chief executive naming Arby's president Rob Lynch so struggling pizza maker Papa John's international appointed Arby's president Rob Lynch as CEO Naming an outsider as it further breaks from its founder John schnatter schnatter Yeah, I believe so Lynch a fast food industry veteran will replace Stevie Ritchie It's the biggest shake-up since activist shareholder starboard value set its sights on the pizza company in a statement The chairman Jeff Smith cited Lynch's proven record transforming organizations and realizing the growth potential of differentiated brands Papa John's which operates about 5,300 locations man. We love our pizza. I love my pizza delivery Why not right 5,300 locations globally has been facing slowing sales With revenue declining 12 percent in 2018 So schnatter whose image had once been deeply ingrained with the company's marketing I'm sure we're all familiar with those ads of Papa John's big on the nfl at one point Agreed earlier this year to resign from the board and dismiss a lawsuit related to his departure last year as chairman Papa John's will is grew grew last summer after and it was just repeated Founder used a racial slur in the conference call which he had taken out of said was taken out of contents None context, excuse me. Nonetheless, he departed the company New management team is usually a pretty good opportunity and you're seeing it reflected in the stock price now You have an analyst talking about so Papa John shares We'll jump over to the chart in a moment up about 7.6 percent today on that and Arby's I'm not a huge Arby's fan myself fast food in general But uh, they're brand in general um, they've done well to kind of rebrand themselves drive sales so forth So maybe they're looking for this president Robby Rob Lynch was it? Yes Rob Lynch coming in He might be what they need up about 7.6 percent the stock had already climbed 10 percent This year through monday's close after declining the past two years Starboard had invested 250 million in Papa John since february Smith starboard CEO became chairman of the pizza maker when it took the stake and the pizza maker shares fell 29 percent in 2018 and 34 percent in 2017 So Lynch joined inspired brands owned Arby in 2013 as the roast beef sandwich chains chief marketing officer Before that he worked for proctor and gamble and yum brands talk about two giant companies as vice president of brand marketing For taco bell. He was appointed president of Arby's in 2017 overseeing the marketing operations and development So at Arby's Lynch led the chain's heavy meat focused marketing and bold ad campaign that poke fun at vegetarians Arby's had more than 30 Excuse me Arby's has more than 3,300 restaurants across the world in 2014 Arby's hit social media marketing gold When it started a back and forth with recording artist farel. Williams over twitter over his hat which resembles the the chain's logo you got to love what can uh Really drive a viral hit these days in terms of really just focusing on a musician's hat and somehow driving that We luckily got our first big win just from being tuned in when we saw farel wearing an Arby's hat at the grandmys We quickly sent a sweet a tweet to farel and our conversation went viral starboards known for its turnaround of all gardens Darden restaurants smith's proxy fight to replace darden's directors included nearly a 300 page power point presentation They called for several specific changes at the italian dining chain And so maybe this way, you know, it's not going to be an easy turnaround for papa johns We talk about it all the time in terms of you want to talk about delivery right now You have a million options. I use uber eats myself and they offer almost everything almost anywhere you are That is really hitting some of these pizza delivery companies You only used to have a few options folks as we all know when you wanted food hot delivered to your door And now you have so many options nonetheless with their face and woes internally that don't even have to do with the competition So including adding salt to the water when cooking pasta just talking about what he did at darden's olive garden smith took over as chairman of darden and the company embarked on an effort to improve its lagging performance and including spinning off its real estate portfolio Richie schnatter's one-time protege took over the role of papa johns CEO in january 2018 when his boss stepped down And a tough role Excuse me to fill of course that came a few months just after schnatter went after the nfl And he dug his feet into the Controversy of players kneeling that not of course helping the stock as you get into that controversy schnatter The long long the largest shareholder has been reducing his stake in papa johns recently selling more than 30 million according to the filing He still controls almost 17 percent of the company shares while starboard holds about 15 percent So to jump over to that chart see how it's hitting it this morning Pz za 4675 and so this is a daily chart going back 2018 i assume this is probably some of where that Escalation really set off in terms of digging his feet into the controversy and to put this back even a little bit longer time frame We'll put it on let's go back 20 years because it had quite a run up pizza delivery from 2010 You're trading at 15 bucks And let's expand this a little bit talk about some volatility you make it all the way up to 90 at the end of 2016 And man, that's where they say during 2017. We just saw the numbers right What was it about 34 percent it tanks down and then again that tank continues in 2018 You have got quite a bounce but man, you don't have to be a technician to draw the line This is a downward trend folks Lower highs across the board and we have not broken that trend So yeah, this a weekly chart, you know, it's quite a week. We're having this week in terms of the pop this week the low being 43 14 we're now sitting at 46 77 to put this back on a daily chart a little bit closer We'll put it on a one-year daily We're up about 7.1 percent right now. We're three dollars and 13 cents trading at 47 0 5 But man, I mean we're really only back to where we were just trained at on august 9th Well, maybe a little bit of hope for papa johns is they got a new ceo at their helm In terms of what else we have happened in the market. How about this? It kind of had to take a A pause and say so philip morris in talks to reunite with altria in an all-stock deal folks cigarettes I hope you're not smoking cigarettes out there if you are it's about the worst thing you can do for your health Get off them, you know do your best because we all know it's about the worst thing you can do And that's why philip morris they had spun off altria So and now it looks like they're in talks to bring them back in philip morris the maker of malboro cigarettes in overseas markets Is in merger talks with altria about a deal that would reunite the tobacco giants more than 10 years after they split their Operations altria shares surged the most since october of 2008 on the news rising as much as 11 Whereas philip morris declined as much as 7.6 percent the most since december Companies broke apart more than a decade ago bowing from pressure to us investors who wanted higher dividends and more share buybacks The move also pitched as a way to set free faster growing overseas operations while the us business was entangled in smoker Lawsuits yeah, they had more ability to kind of access the overseas markets where they weren't dealing with all these lawsuits That had to do with cigarettes But times have changed altria has recently diversified its portfolio with investments in vaping And cannabis giving the company more growth potential Even as fewer people smoke cigarettes some analyst investors have argued for years that the company should get back together A move that would give philip morris more us exposure will finish looking at this story after the break Pretty remarkable times have changed looks like they might try trying to bring that company back into the house Stay tuned folks dow up 89 s and p's right now positive by five. 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Whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv for the latest market information Back folks we get the s and p is right now positive by five dow jones positive by 69 We got the nasdaq positive by 33 just to jump back in real briefly and finish up that story So altria philip morris may be thinking about getting back together So there's been speculation that the companies might beck might get back together on monday Well as fargo publishing a research note that said a deal could make sense now in part because altria has a stake in the vacant Vaping company jewel philip morris had a market value of nearly 121 billion as a closed-out trading yesterday while altria was worth about 88 billion The reunification would combine two of the most popular smoking alternative alternative products IQ os icos maybe and jewel familiar with jewel because they're pretty big here I don't not myself personally but familiar with the brand icos. It seems like is the overseas So philip morris has been plowing billions of dollars in promoting icos Maybe i'm pronouncing but a heat not burned product used by millions consumers outside the us Altria meanwhile has invested 12.8 billion with a b billion in e-cigarette start startup Excuse me e-cigarette upstart jewel labs, which is cat catapulted itself to the u.s. industry leader in smoking alternatives In just a few years. So i'm going to bring in just a couple of the stories I'm not sure if you are all aware, but just recently there have been quite uh Come on. Where are we there? That's not what we wanted there we go So you have the first death linked to vaping reported amid escalating illnesses So there's this wave of people very young getting sick across the country and they can't quite figure out yet What is going on and it's all tied somehow to vaping though? So you have this this article from august 24th We have 193 cases this summer of a mysterious vaping related respiratory illness Which is now responsible for a death of a patient in illinois We don't have to get into the full details of it. I mean vaping is so new folks, you know, it took a while for cigarettes To really understand the long-term ramifications. How bad it is and I wonder, you know, if you're smoking cigarettes Yeah, it might be worth it to try and get off them and vape But don't think that you can just start vaping and it's just uh harmless So there's another story on the post and this one from august 24th as well I happen to read this one over the weekend, which is why I just dug it out And you have a 20 year old going from an enthusiast of a hiker to on death's door within days And the only thing they could figure out that he was vaping and it just kind of digs out I mean they had to have an artificial lung pulling Basically blood out of his system to go through the lung to give it oxygen to give him a chance to Kind of rebuild that lung and repair his lungs fortunately It looks like this gentleman Alexander Mitchell being a 20 year old hiker that he will recover If you're interested folks google those check them out But uh pretty tough when you start seeing these cigarette companies getting into vaping Combining their assets and plowing back into this market Especially when some of these vaping companies really hitting the younger market Which we have worked so hard to put a dent into so we'll see how that shakes out for sure What else we have going on jumping over to the markets. I wanted to dig in I referenced it briefly just some of the news items that you'll hear about the day We had an opinion piece that Bloomberg had put out with former New York Fed Governor Bill Dudley And he's catching a little flack for this and maybe he should we all have our opinions But his point in here is that the Fed should not encourage Trump's trade war So this is an opinion piece to reiterate you're going to hear some rhetoric about this today But basically the main point saying the fed's monetary policy makers typically take what happens outside their realm as a given And then make the adjustments needed to pursue their goals as stable prices in maximum employment And his point is kind of that if the fed keeps cutting rates because of the trade concerns Then that's only going to allow a further destruction of trade concerns That would allow that would then further hurt the economy and at some point the fed is going to be able to pull that one out Now the tough part here is that you want the fed to be non partisan folks Okay, and that's you know it almost seems satirical to say that in terms of how hard president trump Continues to bring his rhetoric towards the fed and what he wants. It's supposed to be a non partisan Non-reacting to politics institution. That's what it should be and this kind of add and fuel to that fire And kind of you know if you think that the fed is biased against the president You have the new york fed governor the excuse me the former new york fed governor coming out And kind of talking about politics and things in terms of enabling the president by doing that Nonetheless, I want to bring it up. You're going to hear something about it today as uh It's an opinion piece from the foreign not just a governor the former new york fed governor a big one for sure What else we have going on out there? How about jp morgan weighing a sale of 1 billion aarp credit card portfolio So jp morgan considering selling the credit card portfolio it built through an almost three decade partnership with the aarp The nonprofit representing 38 million people the sale would include roughly 1 billion in credit card receivables The people said asking not to be identified because the discussions are private alliance data systems corp is among those interested in the portfolio One of the people said representatives from jp morgan alliance data and the aarp declined to comment not surprising there jp morgan's aarp report reward card offers users 3% cash back on dining and gas purchases 1% back on all other sales the nonprofit for formally known as the American association of retired persons. That's interesting. Now. That's what I thought it was still known as Is known for its clout in american politics focusing on issues affecting people over the age of 50 Alliance data is looking to build up its private label credit card and payments business after agreeing to sell its epsilon data unit to Publices group s a this year for 4.4 billion in june the company named Melissa Miller Who previously led the card services business to be president and chief executive officer alliance data stock has slumped about 50 percent since the start of last year and concerns that's fate is closely tied to mall retailers Now struggling as consumers shop more online So the company which has historically issued credit cards through its community bank subsidiary has said it hopes to increase its stockpile of credit card receivables to more than 20 billion from 17.6 mid-year It acquired several portfolios in june that added more than 900 million executives told analysts We're seeking healthy verticals and brands miller said at the time noting that companies Noting the company has been using partnerships with Alta beauty Sephora Wayfair to increase its presence in the beauty home goods and e-commerce categories Still JP Morgan the AARP credit card is a relatively small portfolio The bank is the nation's largest credit card issuer. Check this out boasting 158 billion dollars in the outstanding credit card Excuse me an outstanding card loans at the end of the second quarter and again this one only representing about a billion dollars you have Alliance data looking to increase their receivables to 20. They're sitting at about 17.6. That would push them closer to 19 And uh, it's it's recently offered more rewards on a card with Intercontinental hotel groups and introduced a new card for business owners with southwest pretty remarkable JP Morgan 158 billion dollars in credit card debt folks. That is a problem. We have in this country and hopefully if you're out there That's the easiest way to get a return on your money is to pay off your credit cards Because whether you're dealing with 17 percent 19 percent 26 percent you pay off those credit cards You're effectively making that money that you're not going to be paying to the banks Recap and where we are in the markets. We're seeing a little bit of a slide back here We started off the 10 o'clock program. You have the dial up 100 points. We're now up about 49 You had the s and p's up about 10 points at 10 a.m. We're now up about three NASDAQ now up 27 points trading at 78 81 Notes and bonds just continue to higher price and lower yield as we go to break to check out that 10 year Again, pretty remarkable folks. We are sitting at a yield Is there a 1.4 handle there sure is as we've seen that price tick up We're now and this is the yield again. We came on the program at 10 o'clock. We're up as 1.51 We're now sitting at 1.49 percent on that 10 year yield Stay tuned folks. I'll be coming back back. We'll finish up this program Get into some more headlines as we wrap it up. Stay tuned. I'll be right back I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets I'm steve rhodes author of mastering probability and for the last 12 months Timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12 Six and three months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do Sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfinin.com And get immediate access to workshops where I take you step by step How to use an extraordinary set of tools as well as provide great market calls to sign up today It's amazing to think that tom o'brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations As of april first of this year the gold report currently has eight active positions with an average Unrealized profit of almost eight percent for each open trade new subscribers get a 30 day money back guarantee So you have nothing to risk for all the details and to start your gold report subscription today Visit the front page of tfnn.com. Don't let gold's next big run pass you by sign up today Since 1984 basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns As well as market trend calls thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter right now You can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basil's newsletter the opening call today by visiting 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 Folks and to finish up this program we're going to jump around a few things real quick So we're sitting on a 10-year yield right now 1.498 pretty remarkable and you go back a year We were as high as 3.23% within the last 365 days of far craft in that level right now jumping to a few stories insiders are selling stock like it's 2007 so I was checking out this story corporate insiders have sold an average of 600 million of stock per day in august August is on track to be the fifth month of the month of the year which insider selling tops 10 billion dollars The only other time that has happened was 20 2006 and 2007 the period before the last beer bear market in stocks Now the article makes a point here that even though the stock market is much larger than it was in 2007 So the 10 billion mark may not mean as much as it now as it did then You got it's common sense the acceleration of insiders heading for the exits could indicate concern about the challenges ahead Especially as the u.s. China trade war threatens to set off A recession just keep that in mind when you see those articles about j.p. Morgan saying stocks may be poised to go higher If they're so poised to go higher folks, you don't have insiders selling With this type of volatility pretty close to near we've been for highs pretty remarkable What else we got going on check out this article I was looking So you got bitcoin sec's chief crypto skepticism sets up facebook clash over libra So it's pretty interesting the scene was straight out of an era of bitcoin mania a man on an amtrak train In new york speaking loud loudly into his mobile phone discussing a digital token And who was sitting right next to him unknown to the crypto entrepreneur sitting a few seats away was sec Commission chairman j. Clayton the u.s. tops market clock market cop and he just goes in how that encounter You know said maybe he needs some regulation in that market and to sum it up bitcoin right now a little calm 10158 Stay tuned folks. You heard kevin hicks at the top of the hour He's gonna be they're gonna be talking about for it. They're gonna be talking about fiat They're gonna be setting up trades for some serious yields. So check it out right after this programming Have a great tuesday You