 The following is a presentation of TFNN. The TFNN Bull Bear Trading Hour, every trading day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Trading Hour. Now, Tommy and Tommy O'Brien. Welcome, folks. Appreciate you growling and prowling with us out here. We have the Dow Industries up two. You get the Nasdaq up two. S&Ps down six and a half. Gold contract flat. Trading at 12.84 oz. We had Silver down four cents. $14.88 an oz. Light suede crude also flat. $61.45. We'll get those EIA numbers this morning. We sure will. Oil didn't move last night when the API came out. It was a shot minus... Nothing too dramatic, either way. A couple million. Might even build a couple million. Notes and bonds. You get the 10-year note flat, $124.30 a bond up one tick, $148.25. Now, both notes and bonds yesterday, folks, pushed higher, had volume, and they're flat this morning, but they get big volume. They are pushing a swing point with volume. They want higher price, lower yield. King dollar. King dollar down 29 ticks trading at 97.370. The euro is at 111.95 to one U.S. dollar. The yen is at 110. And the pound is out here at 129.94 to one U.S. dollar. So overnight we had some volatility, no doubt. Bottom line is that we'll see where this little baby shakes out. We're at Wednesday. I thought you were going to say overnight we got the President of Texas. Oh, we did. We also got the President of Texas. You're going to say we also got that. There's a lot going on. There's a lot going on here. Let's go over to our M. Mr. Kevin Hicks at TD Ameritrade. Think of Swim as we do each Tuesday, Wednesday, and Thursday. And don't forget, folks, right here, every trading day, you want to understand options, option strategies, futures, great program, 11 to 12, eastern standard time. Really easy to get. Just go to YouTube, hit TFNN. Subscribe right on your phone. It comes up all digital. Picture every day. Great education every trading day. Kevin Hicks, what's going on? Good morning, Tom. Good morning, Tommy. You know, guys, every day during earnings season, or at least most of them, there's one stock that takes kind of the headline. And yesterday was clearly lift with their first earning. The EFTN was weighing on this company. So the breakout because of direct consumer and their streaming business is real. You know, we're bringing up the numbers as you're speaking, Kevin, right? And it's pretty dramatic for a company that that's large. I mean, in 2015, they took in $52 billion. This year, $71 billion. And $82 next year. Don't stop. I mean, wouldn't it be cool to have a monster company that you could grow like that? Pretty cool. Yeah, you know, the Parkinson Resorts are growing that thing for $4 billion. And then they broke the record for the Avengers Endgame, right? Yeah. That franchise is really just starting, even though it's been out there for a while. I mean, you know, that's pretty amazing. They can do a lot with those brands, definitely. Oh, yeah. They have a lot of things going on. How he explains the direct consumer business and the EFTN, and all these tell the tale for, I think, the way the stock moves tomorrow. And we got, so we got the TD platform up right now. We're looking at a $4.77 move. Right. Expected move. Yeah. This is folks, you know. Right. So that just under 3%, pretty small. Yeah. Smooth. Yes. I mean, we had more than a 10% move in some of the names we've had this week. So, you know, 3% or below 3% in this case, that is on the low end. We're going to have to take that into effect when we trade these options today for sure. Yeah, no doubt. And you know what was interesting? You know, yesterday with Lyft, I mean, that was amazing. Like the type of loss that they threw in for the year was incredible. It was like 1.14 billion. I know. That was in a quarter. But there was expenses on that. There was IPO expenses. There was stock-based compensation in there. But Lyft, they've got to make it through the next week. Let's face it with the Uber IPO. But they had a lot of good news that they put out yesterday. Most importantly was the passive profitability that their CEO put out. So their revenues went up 95%. Yeah. That's a big number. That's a huge number. And what you do have, there's no doubt, is that this isn't going away. Well, just like, you know, I was listening to you show yesterday, you know, the woman that was on, she was just saying, like, hold it. She almost doesn't know anything different, meaning that from going to college, going out here, you know what I mean? Between going to work every day and going out, that's... Who owns a car, man? Get with the time. It's pretty close to where we're going. That was, I mean, she was like, hey, hold it. That's where things are going for sure. 100%, Tom and Tommy. And that's why it's so important to get the young consumer's view. You know, and some of them do, but the percentage is dropping. And, you know, we're in the city of Chicago, which the big urban areas is where these ride-sharing firms flourish. And it's because, you know, these young kids, they don't buy cars. Yeah, I tell you. If Lyft shuts down, half this place is going to be late for work. No. You know, it's amazing Kevin. So even in St. Pete, right now, of course, you know, we have cars, but the reality is that I use Lyft down here all the time, because I said, just for parking, you know what I mean? Whether you're putting money in the meter of parking, it's cheaper than parking. And, of course, in Chicago, it's really cheaper than parking. That's like, you know, forget it, you know what I mean? We're only at the $10 spot down here, but you guys are at $20 or $30. So it's like, you got to be kidding me, man. Guys, there's a new designated driver coming out, and his name is Uber and Lyft. Yeah, definitely. You got to love it. Definitely. Listen, folks, right here, every trading day, you want to understand options, option strategies, and the strategies of the name of the game, folks. Whether it's a bull market, a bear market, you're going to understand strategies and understand them on a time level, which is just absolutely fabulous. Just go to YouTube, hit TFNN, and you are off to the races. Kevin, you have a great one, a safe one. Of course, we look forward to the program in 45 minutes. Thanks for having me on, guys. Thanks, Kevin. You too. Thank you. Stay right there, folks. In fact, we have the Dow Industrial Strike trading up 11. Nasdaq has flat S&P's off 5. We're going to be coming back. We have those EIA numbers for you in the oil market at $10.30. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. 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Let's go ahead and look at the Taz Profile Scanner. This is the Taz Profile Scanner. The Taz Profile Scanner is a brand new, available in the market. Thanks for watching. I hope you enjoyed it. The Taz Profile Scanner is a great way 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. Folks, Daz, Daz up 21, Nasdaq's down. Well, no, Nasdaq is flat. S&P's are down four. Yeah, and we had, we were just talking about Uber. Put that out of class. So, there was a little strike out here this morning, right? Oh, right. Here he is. Yeah. Yeah. So, I know this is going on in Boston as well. Okay. So, in numerous cities that Uber one day strike, I believe, ahead of their IPO on Friday. So, maybe that's Thursday. Maybe it's tomorrow there. Let's get down to it. So, Uber and Lyft drivers are logging off, taking to the streets, Wednesday, to protest against... So, that was this morning, yeah. Today. The whole day, I believe. Yeah. Yeah. So, in the UK even, I guess drivers blend a nine-hour boycott. And I believe the same thing's happening in multiple cities in the U.S. Yeah. So, at least eight cities. New York, Chicago, San Fran. Kevin Hanks, I was going to say, they better watch out what's happening in Chicago. Yeah. And they kicked off in Australia, etc. Yeah. I think it was rush hour here. Excuse me. Okay. Maybe it's a similar nine to four or something. Yeah. And if we do Lyft, if you get over and take a look at this, the number that they threw in is pretty incredible. So, you got it down two bucks. Can we go into the news? Yeah. Probably the top one, as they impress. I'm sure it's going to have... So, yeah, they say they're probably positive. It was quite a volatile overnight session in terms of... Yeah. It was just flat when I was doing the 10 o'clock update. Let's see what they got here. No. So, these are just analysts raising their bump. Yeah. It really... It was the amount of the loss that they threw in to this quarter here that was extraordinary. It's like, in the quarter they lost... There it is. 1.14 billion. Yeah. They lost more in the quarter than they did in the whole year. And it's like... Excuse me. You know, it's like, okay, they're throwing the kitchen sink in. Let's see if we can start again. Yeah. So, here we go. So, the loss of 1.14 million for the first quarter, compared to the loss of only 234 million a year earlier, the widening loss was driven by 894 million charge for its stock-based compensation. So, I mean, that's, you know, 80, 75% of it. Yeah. Excluding that expense, the loss was 211 million. And they had revenue of 700 million. That's what the company likes, revenue rising almost 100% to 776 million. There's no doubt. Yeah. It's a big number. So, we get oil out here too, right? We sure do. We had a bill last night of 2.8, I think. Yeah. I think you were right. The API was about 2.8. We looked at the EIA, much more even-muted. I think a bill of only like 340,000 barrels. Let me pull up crude oil. So, there's our crude chart. We're trading right now at 6,160. We're going to have that June contract chomping in. So, we'll start with the 11 a.m.s. Let's see how these line up. So, again, 6,160. We're going to have an option of 6,175. And it's kind of nicer. It's not bad. This is exactly what we do with the earnings, as in that one-day market move, right? Right. We figure out basically how much they're going to charge us to hold this. Not bad. You have a, excuse me, swallowed. 15 cent head start to the downside, right? You're going to have value. So, your bullish one, it's about 15 cents out of the money. You start getting value at 6,175. So, that's just going to be all premium 10 bucks. And the bearish one is where you're going to have 15 cents of intrinsic value. Then you're going to pay some premium on top of that. So, you're looking at 36 bucks. Okay. It represents 36 pennies under 61, or in either direction. For right. 6,175. A little bit bearish though. Head start. Let's see where, close these real quick. So, that was the 11th. And that was, what was that again, 30? 36. 36, okay. And, okay. So, this is kind of cool. We can figure out. Now, the noons line up at 6,150. So, this is a great example where you get used to it, right? Say, ah, you know what? That trade's okay, but I was a little bit bullish really. Yes. Well, these give you the option to now have that intrinsic value on the bullish side. Your bullish trade becomes the one that you're paying 26 for. Your bearish one is going to become the one that you're paying. There we go. A little bit more. 42. 42. You have the extra hour, right? But again, kind of cool that now you have 8 to 10 pennies on the bullish side. Right. And let's see where some of these dailies line up. So, you get the first one. Okay, that's 6,150. I'm just going to jump to these dailies at the same time. And that's going to line up only at just at 6,100. But this is good. This will give us, so, same exact price point as the noon. There's your bullish. It's now going to be $34. You got 10 cents of that intrinsic value in the bearish. We're at two hours. Two and a half hours. Yeah. $56. Okay. And of that, you have a $15 cent head start to the bullish side. Okay. So, let me take a look at the CLM. I think we're on. Yes. Tune contract. Yeah. So, hit $6107 this morning. Oh, this is interesting, too, because what we had is that on Monday, he didn't come down with volume. Oh, we had a little press, and yes, they were Okay. So, let's see. Yeah, because we've been moving a lot with the market. I mean, as you see those two, I mean, it's basically that could be an S&P chart with the gap down. I know. The huge move Monday, the gap down again. Yeah. Well, I'm going to go for a lower price. Okay. You got that low yesterday at 10 o'clock in the morning. You can see that that's sticking out like a sore thumb. Right there. What is that? That's $60, $66. Yeah. Remember, it was $60 and $666 was the low. So, we'll see where this baby goes. Yeah. You know, and there's no doubt. We've brought this up before that the oil contract in general, you know, back almost to the last year and a half, where oil goes over the S&P goes there, they've been following each other. Definitely. You know, let's see if they got any analysis in here as they start there. Good. They got some what to watch for us. I like these as we get ready. So, outflows and inflows. Last week, parts of the U.S. South, again, met with a bunch of bad weather, ranging from heavy rains to tornadoes. Well, there was little reported in terms of waterway closures. The weather might have slowed down marine traffic, sapping both imports and exports of crude and products. Isn't it wild how the economy works? It is. The weather of these, how it plays in, right? We've seen refinery problems in terms of their a lot of real fundamental nature aspects of what's going on. And here we go. Refinery is utilization as at the lowest level for this time of year since 2016. Well, it's only 2019. Let's not... It should improve as plants come back from maintenance during the course of the month. Crude bulls are looking for a pickup in refiner demand to eat into the highest stockpiles since 2017. Crude inventory figures have recently started to get a bit wonky. Refinery utilization is flat-ish. They're expected to ramp up as they come back online. The main oil products have seen draws. Crude imports remain near multi-month lows, even if they've risen the last couple weeks. You know, we're two weeks away from the beginning of the drive-in season, three weeks. I mean, May 30th, that's Memorial Day is the number. Yup. Yup. The other interesting numbers though, because oil's still high compared to the same that the most amount of oil that we have in storage since 2016. I agree. I agree. And we've seen it, right? We've seen these numbers have huge builds. Right. And the market trade higher. I mean, that's why, you know, how do we get huge surpluses in higher prices? Well, we've seen it do it. We'll see if we'll do it again. Stay right there, folks. Tommy and I are coming right back. We have the Dow Industries down to 18. Nasdaq is flat. S&P is off seven and a half. Coming right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and market insights, then now is a great time to sign up for a 30-day free trial. 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The Art of Timing the Trade Chart 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 a month. We are so confident that you're going to love this new charting 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 Chart 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, gas inventories, crude inventories fell 3.9 million barrels. Big number. New territory. I don't think we've had a fault like that in a while. And to see where we're trading at, a little spike, as you would expect, right? We'll get into the real numbers, but it was pretty close to either being flat or a slight build. API showed a build, right? $2.8 million. So higher prices. Less oil, higher prices. $61.86 million. Quite a little spike. We're just trading. Coming into that number, $61.56 million. $61.57 million. Because I even, during the break, I pulled up the $61.50 million right next to it. It would have cost us about $40 to put on both sides until noon. And right now, you're almost trading $40 up in terms of the bullish contract on that move. This is going to be deviant art here today. Oh, look at that. They even have... So the whisper number was slight build, but the median analyst estimate was looking for almost 2 million barrels to the upside. Gas, down $596,000. Estimate was to decrease of a million. Let's see. Refinery utilization down versus an estimate being up half a... So that's pretty amazing because you think that, like, I was going to say that, okay, so maybe the refineries that, you know, taking the oil out, but that's saying that, no, that's not the case, you know? The discrepancy's not there, you know? Yeah, yeah. And maybe, maybe it's so many moving parts, it's awesome. Crew production. Well, you're not even producing it in the beginning, right? Maybe that was down ahead of it. So, because you have refinery crewed inputs down, crew production down. Crewed inputs down, too. Yeah, right. Not helping the market, though. A little bit of a pop, but we'll see where we go. No, I didn't mean the broad market. Oh, okay, yeah. You still got the S&Ps down 10. Yeah, this is going to see... This is, you know, so wild. So, we've been talking about, like, the last couple of times that you've had the... A huge build and then pull back, right? Yeah. And now, you know, you're going to draw down and it's having a hard time holding your price. Yeah, I agree. You're going to love markets, folks. No doubt about it. Definitely. It's pretty wild. 877-927-6648. Let's go take a look at some of the higher volume equities we have out here. So, you get... Let's see. GE is up six pennies, nothing much there. Bank of America four... I don't know where that big action hole... Oh, Lyft is a big one. That's down 233. 3D systems, oh, this thing's getting killed. We want to see... This is the... 3D products, okay, that, you know, how to develop the printers, the whole... 3D printers, yeah. Look at this thing. Not good. And when you pull this chart up, oh my God, you're talking about time going quick. I remember, you know, this was like $92 in 2014. Oh, boy. Look at this. Yeah, $97, 2014. That's what it's... You know, the hype came out... Never be afraid to take some money off the table if you get a victory like that, man. Yeah, huge... At least put some kind of stop in there. Huge victory on the way up. Now what you have here, coming into Lowe's and in a big way too. And they... So they came out with numbers last night. There we go. Yeah, so revenue a big miss. Yeah, and look at the loss. They went from one cent... They were supposed to... Expectation was one cent, they lost nine. No, yeah. So that's like almost break-even. Losing ten pennies a share, nine pennies a share. And yeah, they miss on earnings. And just looking at forecast, anything. I'm sure the forecast aren't as rosy on that type of first quarter. No, heavy, heavy number. We go take a look at... Let's see, so that's 3D. That's one of the movers out there today. Snap off a bit, huh? Oh, yeah. Snap, right? Yeah. Yeah, 25 cents. Yeah, that's lucky that it got a little pop on the last... Look at it, it doubled the last five months. That was quite a pop, it was. Yeah, bring this back. But that's where the problem is. Yeah, slightly. As in, yeah. It was quite a pop, but you went from 30 bucks to five. Yeah, totally. And so they're saying that when Uber, too, that they already have enough demand to put Uber out at the high end. I had seen that as well, yeah. So this speculation, folks, is 44 dollars to 50. That's what they're looking for. So we'll see where it shakes out. Let's go over and take a look at those S&Ps. So... As you jump around, that's sort of a cool stat. You might have heard of Bloomberg earlier this morning. They were talking about Lyfts only in North America and Canada, I believe. Okay. Uber has huge opportunities for growth abroad, but it's not as easy as just, like, going abroad in different countries and getting the technology. They're saying that Uber takes in cash in, like, six different companies. Cash, they're somehow operating... Cash society, like... Oh, really? Yeah, exactly. And that's what they're saying. Like, they want market penetration in countries that don't even have the digital technology yet to be doing what's really going on somehow. Wow. At least paying. No, no, what's the rate? That credit card or whatever it is, so cash. So it's interesting, right? That is. A lot of opportunity for Lyft to go abroad, but man, I never imagined that that's what they would... that's how business was working in a few select areas. I forget which ones. Oh, yeah, yeah. No, no, for sure. For sure. Well, it's DD in China. Yeah. And everything there is on your phone. Yeah. I mean, it's pretty amazing. Yeah. You know, and as I said, what was kind of shocking is that the largest bill is at 101, which is $12. Okay. That's the largest currency bill that they make. Yeah. Isn't that crazy? Yeah. You know, it's like, okay, so it totally makes sense. You know, you're not stashing any 50s, 100s, or 500s anywhere. Yeah. You know? That's not how government sees in power letting China. China doesn't want you stashing cash. No government does. Right. Yeah. China gets to decide it, though. Yeah. They actually get to write the rules without people having to say, so... Let's go take a look at the NDX100, the strength versus the weakness. So you get advanced micro as up 2%. You get electronic cuts. One, they come out with their numbers last night. Okay. And they say the digital platform is performing for them. Okay. They try to mess, but... Okay. It's wild. It's going to go digital. I mean, you know, it sort of looks like... That was about the deal, right? On the downside, you get NetEase down 2.9%. Netflix is off 2%. Interesting. Yeah. Once Netflix come over there, they come over already. Let's take a look, so... Because they'll react to maybe Disney. Yeah, they already came over there. They came over there as early... Well, look, they're hanging right at the highs. This is still a great little job. I just said, it'd be interesting that Disney could say something that reacts to Netflix tonight in their government's call, apparently, because you saw the reaction when Disney said that they were coming out with $7 for a subscription fee. Which is pretty intense. Oh, Netflix didn't want to hear that. No. No. And then you get clacked down to $2.5. This equity got hit yesterday, too. It came over with numbers yesterday. Gapped down, continues to have some... So we're down from... Look at how these stocks go, man. In three days, you're down from $129 to $114. Yeah. You have a great looking expansion on the way up, but it is absolutely amazing how fast you can come down. I guess they have some trade problems going on, too, the way that they gapped on Monday in terms of, you know, some exposure there. I mean, we can go into their region because they really reacted, it seems. The manufacturer yield management process monitoring system is a semiconductor business, yeah. Can you go into them? Whether they're revenue or watch area? Yeah, they don't break it down too much, but... But it is Asia-Pacific. Yeah, look at that. 3.2 billion. That's up there. So when you're looking at this number, folks, that means that's where everything gets made. Yeah. So that's where the tap tissues come in. Yeah. They're going to be moving right... You're going to see a lot... It's going to hurt both sides as in, right? You can't just... And you're going to see a lot of factories move. Yeah. Move quickly, because you can. Stay right there, folks. Tommy and I are coming right back. We have the Dow right now down to $50. No, Dow's down to $40. S&P's down $13. Come right back. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com then hit Watch Tiger TV. That's TFNN.com then hit Watch Tiger TV for the latest market information. We're going to talk some Bitcoin. We got another one, let's say, let's see. Hack is still 40 million worth of Bitcoin in one transaction. Single withdrawal, hack is a safe and 40 million of Bitcoin from one of the largest cryptocurrencies in the world. This is like crazy, man. Yeah, so Binance said it would suspend all deposits and withdrawals for at least a week while it conducts a security review. So not only that, hey, no one's getting their money for a week while we figure out what happened. Not what you want to hear. The company said thieves employed phishing and viruses to command commandeer, the 7,000 Bitcoin, and it was possible hackers might still control some users' accounts. This is wild, man. Yeah. You know, it's going to be interesting to see, you know, there's a story out here, Fidelity is going to, you know, basically allow you to trade Bitcoin. Yes. And, you know, as I said, the trust issue is great there. I would agree. But if this is one of the biggest ones, too, it's going to be intriguing to see, like, okay, how do they do this? And what are you going to have to sign? Well, that's the difference between regulated and unregulated, right? As in, too, you know, that this company operates under no regulations, whatsoever, really, in terms of not like you are if you're a Fidelity, that you actually take customer money. Right. Doesn't mean bad things might still not happen, but at least you have the size of Fidelity behind where they would be responsible. I really want to see what you have to sign. I agree. Okay. You always want to sign. Yeah. So, the heist builds on the explosive growth and cryptocurrency crime and investor scams jumped more than 400% in last year, totaled roughly 1.7 billion in losses, more than half of that total, 9.50, was taken from exchanges like Binance and Wallet. So, they said that theft affected one of its internet-connected wallets, which contained about 2% of the total Bitcoin holdings. Companies said no user funds will be affected and the insurance will cover the losses. Again, not sure what, yeah. What about they're paying for insurance? That's what I was, yeah. Who's paying for that insurance, too? Yeah. And is it Warren Buffett that's re... No. I mean, he's one of the biggest insurers in the world, you know? Yeah. Wow. Wild man. Yep. Absolutely wild, so... Let's check back in on oil real quick and see where we're trading. Oh! Little acceleration. Just a pop. As we speak, above $62. So, the contracts we were looking at had exposure of $61.50, the noons. So, about 50 pennies above there is gonna cost us $40 for both sides. So, one way of saying that, right, is it's above the expected move, right? Right. The expected move by noon was pricing in at $40, because that's what both sides were gonna cost you. We're now at 50 cents. Excuse me, 40 cents, 50 cents. So, you can make that decision whether you want to... And there's your bullish trade, which would have about 46 pennies with a little bit off right around it. Maybe, maybe higher prices. Yeah, it's... Finally got a draw. Let's take a look. So, I know this is delayed, but let's see what it's looking like. It is delayed, but looks like we already got the spike. There's the pop. $61.75. This is a long way to go. Well, no, that's right. We're up to $62 now. We're up to $62? Yeah. So, the high of Monday was $62.92. So, let's see the XLE, but that's doing any juice in that. Up 18 cents, nothing much there. So, that means that Exxon is still not moving out here. Yeah. There you go. Chevron. It's going to be interesting to see how this battle shapes up. Now, Chevron looks like it wants to come off this low here. This is interesting. So, you've got a building cause here. A lot of moving pieces in that market, man. So, jumping back to Disney, this will be an interesting one, man. I'm going to tune into Fast Market coming up after our program. I want to hear what they have to say. Let's go back. What's the expected move again? $4.77, I believe. We've got that Analyze tab. $4.68, we're looking at from that move. And if you remember what's interesting is, yesterday we were looking at Lyft. Lyft trading at about $58. Yep. Had the same exact expected move, right? $4.80 and something much bigger percentage. And it would make sense. Lyft's going to be a lot more volatile than company like Disney, as Lyft reports their first earnings ever. So, $1.34, we're looking for like $4.67. But the numbers, man, so they're looking for a decline, actually, in earnings to $1.57 a share. That'd be the decline of 14%. Maybe that has to do with all the spending they're doing in terms of the acquisitions and building out the content and so forth. They see revenue of $14.54 billion. And they say dipping from a year earlier. I'm not sure why that would be the case, though. Yeah, so they're looking for that shift to direct a consumer strategy to weigh earnings in the near term. So, any upside to estimates will likely spur positive sentiment. I guess, I mean, when it broke top side, investors liked the idea that they got that whole Fox deal done. And then they spun off part of it already. Salem Networks. Salem? Not Salem. No, it's Sinclair. Sinclair Networks is going to get the sports part. Yeah, 21 of those regional sports networks, yeah. And they got it for like $10 million, and they said they just marked it like 20 million not that long ago. Really? Yeah, but what happened? There's not many buyers. Exactly. When it's a forced hand. Men going into a situation where the person has to sell. Right. They have to sell. That's not a fun negotiating standpoint. No, no. And there was a lot of their tough industry right now to make money in, I guess. Oh, yeah. Sinclair's just going to take a shot. Listen, yeah, there's no doubt, man. So, there are the numbers. They're looking for $157 a share. They're looking for $14.54 billion. And as they break it down, we were just going over, right? Parks, huge numbers, man, in general. $5.63 billion of that $14.54 in 90 days is going to just be parks and resorts. That's the biggest, look at that. It is. And we'll pull up the description because remember on the description it's their biggest annual basis. Studio Entertainment 2.1, Media 4.62, and Consumer Products Interactive Media 1.4. Who's the sell? 91 buys, nine holds, one sell. Yeah. Brave Soul who's out there. Yeah. With the sell on Disney. But the other side that is, they're going to have to spend a lot of money. I don't think they said they'd be profitable on that Netflix competitive app for like three or four years, right? And they're going to be spending billions to try and compete with the likes of Netflix and Amazon. Right. They definitely have the best name, but they're up against Reed Hastings and Jeff Bezos. So that's a tough one. If you pull up Amazon, this thing is just hanging in its eyes, man. Amazon, it was actually flat there for a moment to the penny. Yeah. It doesn't happen. I know. Right now you're 1921, folks. And Google, once it pulled back there, Google's having a hard time holding price. And I guess we had the development conference, Google and Microsoft out here the last couple of days. There's been a lot of press about it. Yeah. See this one here. Google unveiled cheaper pixel smartphones on Tuesday after the company's line of premium hints has failed to sell in large numbers. Slower processes and cheaper materials helped Google price the Pixel 3 with the 5.6 inch screen at $399. Okay. And they got a slightly large one for $479. Yeah. And that's, I guess, half the price of the company's existing pixel phones. Yeah. I mean, you know, if you're charging $1,000 for your phones, again, you want to talk about competition, then you're competing with the top of the line iPhone, man. Right. Yeah, competition, let alone the top of the line Samsung, right? I mean, that's, you're really competing with some brands that can bring it down so quickly. Yeah. And Apple has phones that are $400, $500, $600 on the lower end. And it would seem that even those lower end phones should probably extraordinary now. I agree. You don't need a $1,000 phone. I almost have one, right? But everything. $400 phone, sure. Stay right there, folks. Tommy and I are coming right back. Let's get started. 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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 of the opening call today by visiting TFNN.com. For more information, just click the think or swim banner on the front page of TFNN.com. Up six Nasdaqs down, one S&Ps down seven and a half. And yeah, so this 1201 Friday, this is going to be official now because I believe they have to put it in the Federal Register anyway, so they did. US Trade Representative's office took the formal step of implementing the Tafts on Wednesday by polishing a Federal Register notice confirming the duties will increase as of 1201 Friday. China says this has plans to retaliate a minute after the US duties take effect. What happens at 1203? I wouldn't want to be a farmer. So US goes 1201, I don't have to laugh, but it is. China go 1202. What happens to 1203? No, it doesn't stop there, of course. That's the point. And then, so Trump said another tweet on Wednesday that China is just a farmer, so the Vice Premier is now coming to make a deal. We'll see, but I'm very happy with 100 billion a year in tariffs filling US coffers. 100 billion a year. Where do those 100 billion tariffs come from? From us. Yeah, exactly. He's so happy. We are paying up folks. He's so happy. We're paying up. And what you're going to see, this S&P, just fundamentally, that's where this thing is going to have some problems. And yes, to answer the question, 1201 in the middle of the night. Yeah, in the middle of the night. First minute of Friday. Yeah. So you're going to have the first minute of Friday. Yeah, so everyone's going to have to be up if you're trading the S&P futures, man. Oh, you better have your numbers in, man. Yeah, it's all going to be built in, I would say. You know, if they somehow get avoided, that's where you better wake up. Yeah. That's it. I mean, it's coming. You know, I imagine at the end of the day, Thursday, it's going to be factored in 95%, 90% probability unless there's some kind of change, in which case to be a reaction. I imagine 1201 goes seamlessly unless something changes. We'll get swings of 20 or 30 40 S&P points. Well, that's safe. That's this week. What's going on today? Market's taking a break, man. Yeah. Stay right there. No, there's no doubt. Stay right there, folks. We've got a fast market coming up next. And we've got our man, Mr. Bowser Chapman, Steve Rhodes, Dave White. Be back this afternoon. Thanks, man. Well, go get them, folks.